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

Taiwan Semiconductor Manufacturing — Q2 2009 Earnings Presentation

16 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Jul 31, 2009

  1. Slide 1: Operating and Free Cash Flows; CapEx & Capacity

    Operating and Free Cash Flows: Cash flows generated from operating activities were NT$24.52 billion during the quarter. Free cash flow, defined as the excess of operating cash flows over capital expenditures, totaled NT$17.10 billion in 2Q09, compared to NT$21.17 billion in 1Q09. V. CapEx & Capacity

  2. Slide 2: TSMC 2009 Second Quarter Investor Conference

    TSMC 2009 Second Quarter Investor Conference July 30, 2009

  3. Slide 3: Agenda

    Agenda Welcome Elizabeth Sun 2Q09 Financial Results and 3Q09 Outlook Lora Ho CEO Comments Morris Chang Q&A Morris Chang / Lora Ho

  4. 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

  5. Slide 5: 2Q09 Financial Highlights

    2Q09 Financial Highlights 4Q07 2Q09 1Q09 4Q07 2Q08 2Q09 Guidance Actual ActualQoQ QoQ YoYYoY (In (In NT NT billions billions except except otherwise otherwise noted)noted) Results Guidance Net Sales 74.21 71 — 74 39.50 88.14 87.9% -15.8% Net Sales 93.86 92 — 94 5.5% 25.2% Gross Margin 46.2% 43.5% —

  6. Slide 6: Income Statements

    Income Statements (In NT billions except otherwise noted) 2Q09 1Q09 2Q08 QoQ YoY Net Sales 74.21 39.50 88.14 87.9% -15.8% Gross Margin 46.2% 18.9% 45.6% +27.3 ppt +0.6 ppt Operating Expenses (9.17) (6.27) (9.85) 46.2% -6.9% Operating Margin 33.9% 3.1% 34.5% +30.8 ppt -0.6 ppt Non-Operating Items 1.1

  7. Slide 7: Gross Margin Analysis

    Gross Margin Analysis Gross Margin Analysis - QoQ Gross Margin Analysis - YoY 1Q09 Gross Margin 18.9% 2Q08 Gross Margin 45.6% Impact to Gross Margin ppts Impact to Gross Margin ppts Higher utilization 48.2 Favorable FX rate 3.7 Less non-wafer-related business -8.4 One-time and miscellaneous 2.8 One-

  8. Slide 8: 2Q09 Revenue by Applications

    2Q09 Revenue by Applications Industrial/Others 6% Consumer 21% Computer 28% Communications 45% Communications Computer Consumer 40.0 40.0 40.0 QoQ +100% $ B) B) B) (NT $ (NT (NT $ QoQ +128% Revenue Revenue Revenue QoQ +99% 0.0 0.0 0.0 1Q09 2Q09 1Q09 2Q09 1Q09 2Q09

  9. Slide 9: 2Q09 Revenue by Technology

    2Q09 Revenue by Technology 65nm/40nm Revenue 0.25/0.35um 0.5um+ 9% 40nm 25 30% 3% 1% 25% 20 0.15/0.18um B) 20% % $ 15 of (NT 23% 65nm 15% Sales 28% 10 0.11/0.13um 90nm Revenue 10% (%) 13% 23% 5 5% 0 0% 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 Rev (NT$B) % of Sales

  10. Slide 10: Balance Sheets & Key Indices

    Balance Sheets & Key Indices Selected Items from Balance Sheets 2Q09 1Q09 2Q08 (In NT billions excepted otherwise noted) Amount % Amount % Amount % Cash & Marketable Securities 246.77 42.0% 229.79 41.6% 223.99 36.4% Accounts Receivable — Trade 33.38 5.7% 13.82 2.5% 41.86 6.8% Inventory 18.97 3.2% 14

  11. Slide 11: Cash Flows

    Cash Flows (In NT billions except otherwise noted) 2Q09 1Q09 2Q08 Beginning Balance 223.26 194.61 144.28 Cash from operating activities 24.52 26.79 45.05 Capital expenditures (7.42) (5.62) (22.27) Share buyback 0.00 0.00 (6.62) Repayment of corporate bonds 0.00 (8.00) 0.00 Short-term investments/oth

  12. Slide 12: 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 2009 Overall Capacity +6%; Advanced Cap

  13. Slide 13: Capital Expenditures

    Capital Expenditures (In US millions) 1Q09 2Q09 YTD TSMC 161 218 379 XinTec and GUC 2 3 5 TSMC Shanghai & WaferTech 3 3 6 Other TSMC Subsidiaries 0 0 0 TSMC Consolidated 166 224 390 Note: 2009 CapEx was based on the weighted average exchange rate of NT$33.384 per US dollar.

  14. Slide 14: 3Q09 Guidance

    3Q09 Guidance Revenue is expected to be between NT$88 billion and NT$90 billion, at a forecast exchange rate of 32.84 NT dollars to 1 US dollar averaged over 3Q09. Gross profit margin is expected to be between 46.5% and 48.5 %. Operating profit margin is expected to be between 35 % and 37 %. 2009 ca

  15. Slide 15: Recap of Recent Major Events

    Recap of Recent Major Events TSMC Enhances 0.13^m Family to Enable Area Reduction and Performance Gain with Slim Platform for Analog and Power Management System-on-Chip Applications ( 2009/06/29 ) TSMC Sets July 21 as Record Date and July 15th as Ex-dividend Date for Common Share Dividends ( 2009/06

  16. Slide 16: http://www.tsmc.com invest@tsmc.com

    http://www.tsmc.com invest@tsmc.com SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Taiwan Semiconductor Manufacturing Company Ltd. Date: July 30, 2009

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