Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330

Taiwan Semiconductor Manufacturing — Q3 2020 Earnings Presentation

11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 15, 2020

  1. Slide 1: 2020 Third Quarter Earnings Conference

    Unleash Innovation 2020 Third Quarter Earnings Conference October 15, 2020 © 2020/10/14 TSMC, Ltd

  2. Slide 2: Agenda

    Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 3Q20 Financial Results and 4Q20 Outlook Wendell Huang, CFO • Key Messages C.C. Wei, President and CEO Wendell Huang, CFO • Q&A © 2020/10/14 TSMC, Ltd 1

  3. Slide 3: Safe Harbor Notice

    Unleash Innovation 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

  4. Slide 4: Statements of Comprehensive Income

    Unleash Innovation Statements of Comprehensive Income 3Q20 3Q20 3Q20 3Q20 2Q20 3Q19 Over Over Guidance 2Q20 3Q19 (In NT$ billions unless otherwise noted) Net Revenue (US$ billions) 12.14 11.2-11.5 10.38 9.40 +16.9% +29.2% Net Revenue 356.43 310.70 293.05 +14.7% +21.6% Gross Margin 53.4% 50.0% - 52.0

  5. Slide 5: 3Q20 Revenue by Technology

    Unleash Innovation 3Q20 Revenue by Technology 16nm and Below Revenue 0.11/0.13um 0.15/0.18um 90nm 2% 7% 65nm 2% 0.25um and above 5% 2% 40/45nm 8% 5nm 8% 28nm 12% 7nm 16nm 35% 18% 20nm 1% 10nm 0% © 2020/10/14 TSMC, Ltd 4

  6. Slide 6: 3Q20 Revenue by Platform

    Unleash Innovation 3Q20 Revenue by Platform Growth Rate by Platform (QoQ) Automotive DCE IoT 2% 3% Others 9% +25% +24% 3% +19% Smartphone +12% HPC 37% Smartphone Automotive 46% HPC IoT Others -23% -24% DCE © 2020/10/14 TSMC, Ltd 5

  7. Slide 7: Balance Sheets & Key Indices

    Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 3Q20 2Q20 3Q19 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 742.42 28.1% 605.02 24.7% 584.92 27.4% Accounts Receivable 162.58 6.2% 149.60 6.1% 145.42 6.8% Inventories 109.51 4.2% 85.79 3.

  8. Slide 8: Cash Flows

    Unleash Innovation Cash Flows (In NT$ billions) 3Q20 2Q20 3Q19 Beginning Balance 467.61 430.78 649.70 Cash from operating activities 190.18 170.34 141.75 Capital expenditures (99.31) (126.70) (98.12) Cash dividends (64.83) (64.83) (207.44) Short-term loans (16.80) 32.23 7.33 Bonds payable 136.03 36.

  9. Slide 9: 4Q20 Guidance

    Unleash Innovation 4Q20 Guidance Based on our current business outlook, management expects:  Revenue to be between US$ 12.4 billion and US$ 12.7 billion And, based on the exchange rate assumption of 1 US dollar to 28.75 NT dollars, management expects:  Gross profit margin to be between 51.5% and 5

  10. Slide 10: Recap of Recent Major Events

    Unleash Innovation Recap of Recent Major Events • TSMC Showcased Leading Technologies at Online Technology Symposium and OIP Ecosystem Forum (2020/08/25) • TSMC Board of Directors Approved the Issuance of US Dollar-Denominated Senior Unsecured Corporate Bonds for an Amount Not to Exceed US$1 Billion

  11. Slide 11: tsmc.com invest@tsmc.com

    Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2020/10/14 TSMC, Ltd 10

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