Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q2 2010 Earnings Presentation
15 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 30, 2010
Slide 1: Operating and Free Cash Flows; CapEx & Capacity
Operating and Free Cash Flows: Free cash flow, defined as the excess of operating cash flows over capital expenditures, was negative NT$3.79 billion in 2Q10. V. CapEx & Capacity V — 1. Capital Expenditures (In US millions) 1Q10 2Q10 YTD TSMC 1,433 1,645 3,078 XinTec and GUC TSMC China & WaferTech Ot
Slide 2: TSMC 2010 Second Quarter Investor Conference
TSMC 2010 Second Quarter Investor Conference July 29, 2010
Slide 3: Agenda
Agenda Welcome Elizabeth Sun 2Q10 Financial Results and 3Q10 Outlook Lora Ho CEO Comments Morris Chang Q&A Morris Chang / Lora Ho
Slide 4: Safe Harbor Notice
Safe Harbor Notice TSMC's statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Information as to those factors that could cause actual res
Slide 5: 2Q10 Financial Highlights
2Q10 Financial Highlights 2010 1010 2003, a00 YoY (lo Wrbions except othervse noted) Guidance. __Actual__ Actual Net Sales 400-102 92.19 74.21 13.9% 41.4% Gross Margin 48% -60% 47.9% 48.2% H1.6ppts +3.3 pts Operating Margin, 36.5% -38.5% 37.0% 33.9% 1.6ppts +4.7 ppts EPS - Diluted (NTS) 4.30 0.94 19
Slide 6: Income Statements
Income Statements (in NT bilions except otherwise noted) 1010 2009 QoQ YoY Net Sates 92.19 7424 13.9% 414% Gross Margin 47.9% 48.2% 41.6 pts +3.3 pts Operating Expenses (10.08) @17) 13.9% 25.0% Operating Margin 37.0% 33.9% +16 pts +47 pts ‘Non-Operating lems 1.00 1.45 41.5% 22.1% Long-Term Investmen
Slide 7: 2Q10 Revenue by Applications
2Q10 Revenue by Applications
Slide 8: 2Q10 Revenue by Technology
2Q10 Revenue by Technology 0.2510.35UM 9 sume 8% 3% — 40nm 16% aeea8 Revenue (NTSB) 65nm/40nm Revenue 50% 5 30% 20% iil | - | o% 1007 3007 1008 3008 1009 sa09 1010 ‘ss 4am Rev NTSB Ss Gon Rev (NTS ser 4aeEnm combined as % of Sales (9) 59310 % Open Innovation Platform ™
Slide 9: Balance Sheets & Key Indices
Balance Sheets & Key Indices Asset productivity = Annualized net sales / Average net fixed assets. (1)
Slide 10: Cash Flows
Cash Flows Free cash flow = Operating cash flow - Capital expenditures. (1)
Slide 11: Installed Capacity
Figures represent number of 6" wafers. Conversion to 8"-equivalent wafers is obtained by dividing this number by 1.78. Figures represent number of 12" wafers. Conversion to 8"-equivalent wafers is obtained by multiplying this number by 2.25. Installed Capacity 2010 Overall Capacity +14%; Advanced Ca
Slide 12: Capital Expenditures
Capital Expenditures (In US milions) 1010 2Q10 TSMC 1,433 1,645 XinTec and GUC. 2 4 6 TSMC China & WaferTech 8 7 15 Other TSMC Subsidiaries 1 1 2 TSMC Consolidated 1,444 1,657 3,101 ‘Note: 2010 CapEx was based on the weighted average exchange rate of NTS31.879 per US dollar. Open Innovation Platform
Slide 13: 3Q10 Guidance
3Q10 Guidance Revenue to be between NT$109 billion and NT$111 billion, at a forecast exchange rate of 31.87 NT dollars to 1 US dollar Gross profit margin to be between 48% and 50% Operating profit margin to be between 36% and 38%
Slide 14: Recap of Recent Major Events
Recap of Recent Major Events TSMC Announces Automotive Qualified 0.25-Micron One-Time-Programmable IP ( 2010/06/30 ) TSMC Sets July 6th as Common Share Ex-dividend Date ( 2010/06/21 ) TSMC and Stion Sign Technology and Supply Agreement ( 2010/06/16 ) TSMC Shareholders Approve NT$3.0 Cash Dividend an
Slide 15: tsmc.com invest@tsmc.com
http://www.tsmc.com invest@tsmc.com
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