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1、Unleash InnovationTSMC,Ltd02023TSMC PropertyUnleash Innovation2023 First Quarter Earnings Conference April 20,2023Unleash InnovationTSMC,Ltd12023TSMC PropertyAgendaWelcomeJeff Su,IR Director1Q23 Financial Results and 2Q23 OutlookWendell Huang,CFOKey Messages Wendell Huang,CFO C.C.Wei,CEOQ&AUnleash I
2、nnovationTSMC,Ltd22023TSMC PropertySafe Harbor NoticeTSMCs 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 fact
3、ors that could cause actual results to vary can be found in TSMCs 2021 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission(the“SEC”)on April 14,2022 and such other documents as TSMC may file with,or submit to,the SEC from time to time.Except as required by law,
4、we undertake no obligation to update any forward-looking statement,whether as a result of new information,future events,or otherwise.Unleash InnovationTSMC,Ltd32023TSMC PropertyStatements of Comprehensive IncomeSelected Items from Statements of Comprehensive Income 1Q23(In NT$billions unless otherwi
5、se noted)GuidanceNet Revenue(US$billions)16.7216.7-17.519.9317.57-16.1%-4.8%Net Revenue508.63625.53491.08-18.7%+3.6%Gross Margin56.3%53.5%-55.5%62.2%55.6%-5.9 ppts+0.7 pptOperating Expenses(55.31)(64.54)(48.61)-14.3%+13.8%Operating Margin45.5%41.5%-43.5%52.0%45.6%-6.5 ppts-0.1 pptNon-Operating Items
6、13.049.633.04+35.4%+328.6%Net Income to Shareholders of the Parent Company206.99295.90202.73-30.0%+2.1%Net Profit Margin40.7%47.3%41.3%-6.6 ppts-0.6 pptEPS(NT Dollar)7.9811.417.82-30.0%+2.1%ROE27.5%41.7%36.2%-14.2 ppts-8.7 pptsShipment(Kpcs,12-equiv.Wafer)3,2273,7023,778-12.8%-14.6%Average Exchange
7、Rate-USD/NTD30.4230.7031.3927.95-3.1%+8.8%*Diluted weighted average outstanding shares were 25,929mn units in 1Q23.*ROE figures are annualized based on average equity attributable to shareholders of the parent company.1Q234Q221Q221Q23Over4Q221Q23Over1Q22Unleash InnovationTSMC,Ltd42023TSMC Property1Q
8、23 Revenue by Technology-50 100 150 200 250 300Revenue(NT$B)7nm5nm0.11/0.13um 2%90nm 2%0.25um and above 1%40/45nm 7%28nm12%7nm and Below Revenue16nm 13%0.15/0.18um 5%65nm 6%7nm20%5nm31%20nm 1%Unleash InnovationTSMC,Ltd52023TSMC Property1Q23 Revenue by Platform-14%-27%-19%+5%-5%-18%Growth Rate by Pla
9、tform(QoQ)Smartphone34%Automotive7%HPC44%DCE2%Others4%IoT9%SmartphoneAutomotiveOthersHPCIoTDCEUnleash InnovationTSMC,Ltd62023TSMC PropertyBalance Sheets&Key IndicesSelected Items from Balance Sheets(In NT$billions)Amount%Amount%Amount%Cash&Marketable Securities1,589.19 31.6%1,561.49 31.4%1,282.06 32
10、.1%Accounts Receivable148.05 2.9%231.344.7%213.435.3%Inventories216.074.3%221.154.4%200.125.0%Long-term Investments69.911.4%68.931.4%45.741.2%Net PP&E2,833.40 56.1%2,693.84 54.3%2,104.33 52.7%Total Assets5,045.84 100.0%4,964.78 100.0%3,992.68 100.0%Current Liabilities873.0917.3%944.2319.0%822.8720.6
11、%Long-term Interest-bearing Debts854.7916.9%839.1016.9%632.7415.8%Total Liabilities1,952.95 38.7%2,004.29 40.4%1,671.21 41.9%Total Shareholders Equity3,092.89 61.3%2,960.49 59.6%2,321.47 58.1%Key IndicesA/R Turnover DaysInventory Turnover DaysCurrent Ratio(x)Asset Productivity(x)*Total outstanding s
12、hares were 25,932 mn units at 3/31/23*Asset productivity=Annualized net revenue/Average net PP&E961Q234Q221Q2234363893882.32.22.10.71.01.0Unleash InnovationTSMC,Ltd72023TSMC PropertyCash Flows*Free cash flow =Cash from operating activities Capital expenditures*(In NT$billions)1Q234Q221Q22Beginning B
13、alance1,342.811,296.011,064.99Cash from operating activities385.24486.88372.17Capital expenditures(302.50)(336.84)(262.13)Cash dividends(71.30)(71.30)(71.31)Short-term loans 0.000.0030.53Bonds payable7.305.8019.60Investments and others23.68(37.74)(2.26)Ending Balance1,385.231,342.811,151.59Free Cash
14、 Flow82.74150.04110.04Unleash InnovationTSMC,Ltd82023TSMC Property2Q23 GuidanceRevenue to be between US$15.2 billion and US$16.0 billionBased on our current business outlook,management expects:And,based on the exchange rate assumption of 1 US dollar to 30.4 NT dollars,management expects:Gross profit
15、 margin to be between 52%and 54%Operating profit margin to be between 39.5%and 41.5%Unleash InnovationTSMC,Ltd92023TSMC PropertyRecap of Recent Major EventsPlease visit TSMCs website(https:/)and Market Observation Post System(https:/.tw)for details and other announcementsTSMC Board of Directors Appr
16、oved NT$2.75 Cash Dividend for the Fourth Quarter of 2022 and Set June 15 as the Ex-Dividend Date,June 21 as the Record Date and July 13,2023 as the Distribution Date(2023/02/14)TSMC Board of Directors Approved the Issuance of Unsecured Corporate Bonds in the Domestic Market for An Amount Not to Exc
17、eed NT$60 Billion(2023/02/14)TSMC Board of Directors Approved the Issuance of 2,110,000 Shares of 2022 Employee Restricted Stock Awards(RSAs).In Addition,the Board Approved the Issuance of No More Than 6,249,000 Common Shares of RSAs for the Year 2023,Which Will Be Submitted to the 2023 Annual Share
18、holders Meeting for Approval(2023/02/14)TSMC Board of Directors Approved the Convening of the 2023 AGM on June 6,2023(2023/02/14)TSMC Offers the Industrys Most Successful FinFET Technology to Academia(2023/02/03)TSMC Presents 2022 Excellent Performance Award to Outstanding Suppliers(2023/01/18)Unleash InnovationTSMC,Ltd102023TSMC Propertyhttps:/