Taiwan Semiconductor Manufacturing Co., Ltd. · TWSE:2330
Taiwan Semiconductor Manufacturing — Q1 2024 Earnings Presentation
11 slides from Taiwan Semiconductor Manufacturing's earnings presentation, Apr 19, 2024
Slide 1: 2024 First Quarter Earnings Conference
Unleash Innovation Unleash Innovation 2024 First Quarter Earnings Conference April 18, 2024 © 2024 TSMC, Ltd 0 TSMC Property
Slide 2: Agenda
Unleash Innovation Agenda • Welcome Jeff Su, IR Director • 1Q24 Financial Results and 2Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, CEO • Q&A © 2024 TSMC, Ltd 1 TSMC Property
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
Slide 4: Statements of Comprehensive Income
Unleash Innovation Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1Q24 1Q24 1Q24 1Q24 4Q23 1Q23 Over Over Guidance (In NT$ billions unless otherwise noted) 4Q23 1Q23 Net Revenue (US$ billions) 18.87 18.0-18.8 19.62 16.72 -3.8% +12.9% Net Revenue 592.64 625.
Slide 5: 1Q24 Revenue by Technology
Unleash Innovation 1Q24 Revenue by Technology 7nm and Below Revenue 90nm 0.11/0.13um 65nm 1% 3% 0.15/0.18um 400 4% 40/45nm 4% 0.25um and above 350 5% 1% 300 Revenue (NT$B) 28nm 3nm 8% 9% 250 16nm 9% 200 7nm 5nm 150 19% 37% 100 50 - 7nm 5nm 3nm © 2024 TSMC, Ltd 4 TSMC Property
Slide 6: 1Q24 Revenue by Platform
Unleash Innovation 1Q24 Revenue by Platform Growth Rate by Platform (QoQ) Automotive 6% DCE IoT 2% +33% 6% Others 2% Smartphone HPC +5% 38% 46% +3% Smartphone +0% Others HPC IoT Automotive DCE -8% -16% © 2024 TSMC, Ltd 5 TSMC Property
Slide 7: Balance Sheets & Key Indices
Unleash Innovation Balance Sheets & Key Indices Selected Items from Balance Sheets 1Q24 4Q23 1Q23 (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 1,922.66 33.2% 1,687.65 30.5% 1,589.19 31.6% Accounts Receivable 201.98 3.5% 201.94 3.7% 148.05 2.9% Inventories 267.12 4.6% 25
Slide 8: Cash Flows
Unleash Innovation Cash Flows (In NT$ billions) 1Q24 4Q23 1Q23 Beginning Balance 1,465.43 1,311.81 1,342.81 Cash from operating activities 436.31 394.83 385.24 Capital expenditures (181.30) (170.16) (302.50) Cash dividends (77.80) (77.80) (71.30) Bonds payable 22.80 9.80 7.30 Investments and others
Slide 9: 2Q24 Guidance
Unleash Innovation 2Q24 Guidance Based on our current business outlook, management expects: ◼ Revenue to be between US$19.6 billion and US$20.4 billion And, based on the exchange rate assumption of 1 US dollar to 32.3 NT dollars, management expects: ◼ Gross profit margin to be between 51% and 53% ◼
Slide 10: Recap of Recent Major Events
Recap of Recent Major Events Unleash Innovation • TSMC Announces Candidates for Board of Directors (2024/04/12) • TSMC Arizona and U.S. Department of Commerce Announce up to US$6.6 Billion in Proposed CHIPS Act Direct Funding, the Company Plans Third Leading-Edge Fab in Phoenix (2024/04/08) • TSMC B
Slide 11: https://www.tsmc.com invest@tsmc.com
Unleash Innovation https://www.tsmc.com invest@tsmc.com © 2024 TSMC, Ltd 10 TSMC Property
Taiwan Semiconductor Manufacturing Company — Q1 2024 Earnings Presentation on 6ix