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1、Unleash InnovationTSMC,Ltd02023TSMC PropertyUnleash Innovation2023 Third Quarter Earnings Conference October 19,2023Unleash InnovationTSMC,Ltd12023TSMC PropertyAgendaWelcomeJeff Su,IR Director3Q23 Financial Results and 4Q23 OutlookWendell Huang,CFOKey Messages Wendell Huang,CFO C.C.Wei,CEOQ&AUnleash
2、 InnovationTSMC,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 fa
3、ctors that could cause actual results to vary can be found in TSMCs 2022 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission(the“SEC”)on April 20,2023 and such other documents as TSMC may file with,or submit to,the SEC from time to time.Except as required by la
4、w,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 3Q23(In NT$billions unless other
5、wise noted)GuidanceNet Revenue(US$billions)17.2816.7-17.515.6820.23+10.2%-14.6%Net Revenue546.73480.84613.14+13.7%-10.8%Gross Margin54.3%51.5%-53.5%54.1%60.4%+0.2 ppt-6.1 pptsOperating Expenses(68.70)(58.19)(60.19)+18.1%+14.2%Operating Margin41.7%38%-40%42.0%50.6%-0.3 ppt-8.9 pptsNon-Operating Items
6、13.8712.726.37+9.1%+117.9%Net Income to Shareholders of the Parent Company211.00181.80280.87+16.1%-24.9%Net Profit Margin38.6%37.8%45.8%+0.8 ppt-7.2 pptsEPS(NT Dollar)8.147.0110.83+16.1%-24.9%ROE25.8%23.2%42.9%+2.6 ppts-17.1 pptsShipment(Kpcs,12-equiv.Wafer)2,9022,9163,974-0.5%-27.0%Average Exchange
7、 Rate-USD/NTD31.6430.8030.6730.32+3.2%+4.4%*Diluted weighted average outstanding shares were 25,929mn units in 3Q23*ROE figures are annualized based on average equity attributable to shareholders of the parent company3Q232Q233Q223Q23 Over 2Q233Q23 Over 3Q22Unleash InnovationTSMC,Ltd42023TSMC Propert
8、y3Q23 Revenue by TechnologyUnleash InnovationTSMC,Ltd52023TSMC Property3Q23 Revenue by PlatformSmartphoneAutomotiveOthersHPCIoTDCEUnleash InnovationTSMC,Ltd62023TSMC PropertyBalance Sheets&Key IndicesSelected Items from Balance Sheets(In NT$billions)Amount%Amount%Amount%Cash&Marketable Securities1,5
9、51.32 28.3%1,489.96 28.9%1,498.87 32.3%Accounts Receivable222.83 4.1%191.033.7%261.545.6%Inventories262.094.8%234.334.6%218.344.7%Long-term Investments116.352.1%94.611.8%75.801.6%Net PP&E3,132.66 57.1%2,947.23 57.2%2,411.49 51.9%Total Assets5,484.56 100.0%5,149.47 100.0%4,643.30 100.0%Current Liabil
10、ities970.0417.7%810.8315.8%807.4317.4%Long-term Interest-bearing Debts937.4917.1%907.3217.6%845.4418.2%Total Liabilities2,111.74 38.5%1,944.00 37.8%1,890.99 40.7%Total Shareholders Equity3,372.82 61.5%3,205.47 62.2%2,752.31 59.3%Key IndicesA/R Turnover DaysInventory Turnover DaysCurrent Ratio(x)Asse
11、t Productivity(x)*Total outstanding shares were 25,932mn units at 9/30/23*Asset productivity=Annualized net revenue/Average net PP&E963Q232Q233Q2235323699902.12.42.50.70.71.1Unleash InnovationTSMC,Ltd72023TSMC PropertyCash Flows(In NT$billions)3Q232Q233Q22Beginning Balance1,276.721,385.231,253.19Cas
12、h from operating activities294.65167.25412.70Capital expenditures(226.62)(250.53)(265.97)Cash dividends(71.30)(71.30)(71.30)Short-term loans 0.000.00(116.01)Bonds payable9.8040.7059.65Investments and others28.565.3723.75Ending Balance1,311.811,276.721,296.01Free Cash Flow68.03(83.28)146.73*Free cash
13、 flow =Cash from operating activities Capital expenditures*Unleash InnovationTSMC,Ltd82023TSMC Property4Q23 GuidanceRevenue to be between US$18.8 billion and US$19.6 billionBased on our current business outlook,management expects:And,based on the exchange rate assumption of 1 US dollar to 32 NT doll
14、ars,management expects:Gross profit margin to be between 51.5%and 53.5%Operating profit margin to be between 39.5%and 41.5%Unleash InnovationTSMC,Ltd92023TSMC PropertyPlease visit TSMCs website(https:/)and Market Observation Post System(https:/.tw)for details and other announcementsTSMC Announces Br
15、eakthrough 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 2040(2023/09/15)TSMC Board of Directors Approved the Purchase of 10%Equit
16、y Interest in IMS Nanofabrication Global,LLC from Intel Corporation for an Amount Not Exceeding US$432.8 Million(2023/09/12)TSMC Board of Directors Approved an Investment in Arm Holdings plc in an Amount Not Exceeding US$100 Million Based on Arms Share Price at IPO(2023/09/12)MediaTek Successfully D
17、evelops First Chip Using TSMCs 3nm Process,Set for Volume Production in 2024(2023/09/07)TSMC,Bosch,Infineon,and NXP Establish Joint Venture European Semiconductor Manufacturing Company(ESMC)to Bring Advanced Semiconductor Manufacturing to Europe(2023/08/08)TSMC Board of Directors Approved NT$3.00 Ca
18、sh Dividend for the Second Quarter of 2023 and Set December 14 as the Ex-Dividend Date,December 20 as the Record Date and January 11,2024 as the Distribution Date(2023/08/08)TSMC Inaugurates Global R&D Center,Celebrating Its Newest Hub for Technology Innovation(2023/07/28)Recap of Recent Major EventsUnleash InnovationTSMC,Ltd102023TSMC Propertyhttps:/