Semiconductor Manufacturing International Corp. · HKEX:981

Semiconductor Manufacturing International — Q2 2023 Earnings Presentation

16 slides from Semiconductor Manufacturing International's earnings presentation, August 2023

  1. Slide 1: SMIC Q2 2023 Financial Presentation

    SMIC Q2 2023 Financial Presentation SEHK: 00981 SSE STAR MARKET: 688981 SMIC Investor Relations August 2023

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains, in addition to historical information, forward-looking statements. These forward- looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses

  3. Slide 3: 2Q23 Financial Highlights (unaudited)

    2Q23 Financial Highlights (unaudited)  Revenue was $1,560.4 million – Up 6.7% QoQ from $1,462.3 million in 1Q23 – Down 18% YoY from $1,903.2 million in 2Q22  Gross margin was 20.3% – Compared to 20.8% in 1Q23 – Compared to 39.4% in 2Q22  Profit from operations was $80 million – Compared to $83 mi

  4. Slide 4: 1H23 Financial Highlights (unaudited)

    1H23 Financial Highlights (unaudited)  Revenue was $3,023 million – Compared to $3,745 million in 1H22  Gross margin was 20.6% – Compared to 40.1% in 1H22  Profit from operations was $163 million – Compared to $1,075 million in 1H22  Profit attributable to SMIC was $634 million – Compared to $96

  5. Slide 5: Income Statement

    Income Statement (US$ thousands) 2Q23 1Q23 QoQ 2Q22 YoY Revenue 1,560,396 1,462,288 6.7% 1,903,164 -18.0% Gross profit 316,500 304,669 3.9% 750,488 -57.8% Gross margin 20.3% 20.8% 39.4% Operating income(expenses) (236,702) (221,386) 6.9% (211,045) 12.2% Research & development (177,633) (167,668) 5.9

  6. Slide 6: Capital Structure

    Capital Structure (US$ thousands) As of Jun 30, 2023 Mar 31, 2023 Cash and cash equivalents 7,559,268 8,703,465 Restricted cash 388,837 512,687 Financial assets at fair value through profit or loss - current (1) 102,571 405,426 Financial assets at amortised cost(2) 10,287,903 9,632,629 Total cash on

  7. Slide 7: Cash Flow

    Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Jun 30, 2023 Mar 31, 2023 2122 Cash and cash equivalents, beginning 8,703,465 6,932,587 of the period 1069 802 796 Net cash generated from operating 563 796,185 801,520 activities 2Q22 3Q

  8. Slide 8: Revenue by Geography

    Total Revenue By Geography(1) Eurasia America China 76.7% 75.1% 69.1% 75.5% 79.6% 20.5% 25.3% 19.6% 18.9% 17.6% 4.4% 4.4% 5.6% 4.9% 2.8% 2Q22 3Q22 4Q22 1Q23 2Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 China America Eurasia 1Q23 2Q23 (1) Presenting the revenue to those companies w

  9. Slide 9: Wafer Revenue by Application

    Wafer Revenue By Application Others Consumer Electronics Internet of Things Smart Phone 25.4% 26.0% 28.6% 23.5% 26.8% 18.1% 16.6% 11.9% 20.6% 15.0% 26.7% 26.5% 28.6% 24.2% 25.9% 27.9% 32.2% 33.2% 34.8% 27.5% 2Q22 3Q22 4Q22 1Q23 2Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 Smart Ph

  10. Slide 10: Wafer Revenue by Size

    Wafer Revenue By Size 12" wafers 8" wafers 31.7% 31.6% 28.1% 25.3% 35.6% 68.3% 68.4% 71.9% 74.7% 64.4% 2Q22 3Q22 4Q22 1Q23 2Q23 1,400 Revenue (US$ millions) 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 1Q23 2Q23 SMIC Financial Presentation 10

  11. Slide 11: Capacity, Utilization and Shipment

    Capacity, Utilization and Shipment Utilization Rate（1） 97.1% 92.1% 79.5% 68.1% 78.3% (8-inch equivalent wafers) Monthly Capacity 706,000 714,000 732,250 754,250 673,750 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 Wafer Shipments 1,886,530 1,797,671 1,574,068 1,251,715 1,403,121 (1)Capacity uti

  12. Slide 12: 3Q 2023 Guidance

    3Q 2023 Guidance 3Q 2023 Guidance Revenue +3% to +5% QoQ Gross Margin 18% to 20% SMIC Financial Presentation 12

  13. Slide 13: Appendix

    Appendix SMIC Financial Presentation 13

  14. Slide 14: 2Q Results vs Guidance

    2Q Results vs Guidance 2Q 2023 Guidance 2Q 2023 Results Revenue +5% to +7% QoQ +6.7% QoQ Gross Margin 19% to 21% 20.3% SMIC Financial Presentation 14

  15. Slide 15: Capital Expenditures & Depreciation

    Capital Expenditures & Depreciation (US$ millions) 2Q22 3Q22 4Q22 1Q23 2Q23 Capex 1,672 1,822 1,987 1,259 1,732 Depreciation & 557 576 604 631 656 Amortization SMIC Financial Presentation 15

  16. Slide 16: Thank You!

    Thank You! Contact us: ir@smics.com

Semiconductor Manufacturing International Corporation (SMIC) — Q2 2023 Earnings Presentation on 6ix