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1、Unleash InnovationTSMC,Ltd02023TSMC PropertyUnleash Innovation2023 Second Quarter Earnings Conference July 20,2023Unleash InnovationTSMC,Ltd12023TSMC PropertyAgendaWelcomeJeff Su,IR Director2Q23 Financial Results and 3Q23 OutlookWendell Huang,CFOKey Messages Wendell Huang,CFO C.C.Wei,CEOMark Liu,Cha
2、irmanQ&AUnleash 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
3、 as to those factors 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
4、 required by law,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 2Q23(In NT$billio
5、ns unless otherwise noted)GuidanceNet Revenue(US$billions)15.6815.2-16.016.7218.16-6.2%-13.7%Net Revenue480.84508.63534.14-5.5%-10.0%Gross Margin54.1%52%-54%56.3%59.1%-2.2 ppts-5.0 pptsOperating Expenses(58.19)(55.31)(53.38)+5.2%+9.0%Operating Margin42.0%39.5%-41.5%45.5%49.1%-3.5 ppts-7.1 pptsNon-Op
6、erating Items12.7213.043.88-2.5%+228.3%Net Income to Shareholders of the Parent Company181.80206.99237.03-12.2%-23.3%Net Profit Margin37.8%40.7%44.4%-2.9 ppts-6.6 pptsEPS(NT Dollar)7.017.989.14-12.2%-23.3%ROE23.2%27.5%39.4%-4.3 ppts-16.2 pptsShipment(Kpcs,12-equiv.Wafer)2,9163,2273,799-9.6%-23.2%Ave
7、rage Exchange Rate-USD/NTD30.6730.4030.4229.42+0.8%+4.3%*Diluted weighted average outstanding shares were 25,929mn units in 2Q23.*ROE figures are annualized based on average equity attributable to shareholders of the parent company.2Q231Q232Q222Q23Over1Q232Q23Over2Q22Unleash InnovationTSMC,Ltd42023T
8、SMC Property2Q23 Revenue by Technology-50 100 150 200 250 3001Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23Revenue(NT$B)7nm5nm0.11/0.13um 2%90nm 2%0.25um and above 1%40/45nm 7%28nm11%7nm and Below Revenue16nm 11%0.15/0.18um 5%65nm 7%7nm23%5nm30%20nm 1%Unleash InnovationTSMC,Ltd52023TSMC Property2
9、Q23 Revenue by Platform-5%-9%-11%+3%+25%-5%Growth Rate by Platform(QoQ)Smartphone33%Automotive8%HPC44%DCE3%Others4%IoT8%SmartphoneAutomotiveOthersHPCIoTDCEUnleash InnovationTSMC,Ltd62023TSMC PropertyBalance Sheets&Key IndicesSelected Items from Balance Sheets(In NT$billions)Amount%Amount%Amount%Cash
10、&Marketable Securities1,489.96 28.9%1,589.19 31.6%1,425.57 32.8%Accounts Receivable191.03 3.7%148.052.9%222.075.1%Inventories234.334.6%216.074.3%217.445.0%Long-term Investments94.611.8%69.911.4%64.441.5%Net PP&E2,947.23 57.2%2,833.40 56.1%2,248.32 51.7%Total Assets5,149.47 100.0%5,045.84 100.0%4,345
11、.94 100.0%Current Liabilities810.8315.8%873.0917.3%845.2419.4%Long-term Interest-bearing Debts907.3217.6%854.7916.9%757.2117.4%Total Liabilities1,944.00 37.8%1,952.95 38.7%1,835.48 42.2%Total Shareholders Equity3,205.47 62.2%3,092.89 61.3%2,510.46 57.8%Key IndicesA/R Turnover DaysInventory Turnover
12、DaysCurrent Ratio(x)Asset Productivity(x)*Total outstanding shares were 25,932 mn units at 6/30/23*Asset productivity=Annualized net revenue/Average net PP&E0.70.71.02.42.32.3992Q231Q232Q223234379695Unleash InnovationTSMC,Ltd72023TSMC PropertyCash Flows*Free cash flow =Cash from operating activities
13、 Capital expenditures*(In NT$billions)2Q231Q232Q22Beginning Balance1,385.231,342.811,151.59Cash from operating activities167.25385.24338.85Capital expenditures(250.53)(302.50)(217.73)Cash dividends(71.30)(71.30)(71.31)Short-term loans 0.000.00(26.48)Bonds payable40.707.30108.84Investments and others
14、5.3723.68(30.57)Ending Balance1,276.721,385.231,253.19Free Cash Flow(83.28)82.74121.12Unleash InnovationTSMC,Ltd82023TSMC Property3Q23 GuidanceRevenue to be between US$16.7 billion and US$17.5 billionBased on our current business outlook,management expects:And,based on the exchange rate assumption o
15、f 1 US dollar to 30.8 NT dollars,management expects:Gross profit margin to be between 51.5%and 53.5%Operating profit margin to be between 38%and 40%Unleash InnovationTSMC,Ltd92023TSMC PropertyPlease visit TSMCs website(https:/)and Market Observation Post System(https:/.tw)for details and other annou
16、ncementsTSMC Announces the Opening of Advanced Backend Fab 6,Marking a Milestone in the Expansion of 3DFabric System Integration Technology(2023/06/08)TSMC Board of Directors Approved NT$3.00 Cash Dividend for the First Quarter of 2023 and Set September 14 as the Ex-Dividend Date,September 20 as the
17、 Record Date and October 12,2023 as the Distribution Date(2023/05/09)TSMC Board of Directors Approved the Issuance of Unsecured Corporate Bonds in the Domestic Market for An Amount Not to Exceed NT$60 Billion(2023/05/09)TSMC Debuts Enhanced N3P Process,HPC-Focused N3X Process,N3AE Auto Early Program,and Updates 2nm and TSMC 3DFabric Progress at 2023 North America Technology Symposium(2023/4/27)TSMC Signs 20,000 GWh Renewable Energy Joint Procurement Contract with ARK Power(2023/04/21)Recap of Recent Major EventsUnleash InnovationTSMC,Ltd102023TSMC Propertyhttps:/