Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q3 2023 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Oct 19, 2023
Slide 1: 2023 Third Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2023 Third Quarter Earnings Conference October 19, 2023 © 2023 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 3Q23 Financial Results and 4Q23 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2023 TSMC, Ltd 1 TSMC Property
Slide 3: Safe Harbor Notice
Safe Harbor Notice Unleash Innovation • 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
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income Unleash Innovation Selected Items from Statements of Comprehensive Income 3Q23 3Q23 3Q23 3Q23 2Q23 3Q22 Over Over (In NT$ billions unless otherwise noted) Guidance 2Q23 3Q22 Net Revenue (US$ billions) 17.28 16.7-17.5 15.68 20.23 +10.2% -14.6% Net Revenue 546.73 480
Slide 5: 3Q23 Revenue by Technology
3Q23 Revenue by Technology Unleash Innovation © 2023 TSMC, Ltd 4 TSMC Property
Slide 6: 3Q23 Revenue by Platform
3Q23 Revenue by Platform Unleash Innovation Automotive DCE Others HPC Smartphone IoT © 2023 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Balance Sheets & Key Indices Unleash Innovation Selected Items from Balance Sheets 3Q23 2Q23 3Q22 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,551.32 28.3% 1,489.96 28.9% 1,498.87 32.3% Accounts Receivable 222.83 4.1% 191.03 3.7% 261.54 5.6% Inventories 262.09 4.8% 23
Slide 8: Cash Flows
Cash Flows Unleash Innovation (In NT$ billions) 3Q23 2Q23 3Q22 Beginning Balance 1,276.72 1,385.23 1,253.19 Cash from operating activities 294.65 167.25 412.70 Capital expenditures (226.62) (250.53) (265.97) Cash dividends (71.30) (71.30) (71.30) Short-term loans 0.00 0.00 (116.01) Bonds payable 9.8
Slide 9: 4Q23 Guidance
Unleash Innovation 4Q23 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$ 18.8 billion and US$ 19.6 billion And, based on the exchange rate assumption of 1 US dollar to 32 NT dollars, management expects: ◼ Gross profit margin to be between 51.5% and 53.5
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC Announces Breakthrough Set to Redefine the Future of 3D IC. New 3Dblox 2.0 and 3DFabric Alliance Achievements Were Detailed at 2023 OIP Ecosystem Forum (2023/09/28) • TSMC Accelerates Renewable Energy Adoption and Moves RE100 Target Forward to 2
Slide 11: tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2023 TSMC, Ltd 10 TSMC Property
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