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1、Unleash InnovationTSMC,Ltd02025TSMC PropertyUnleash Innovation2024 Fourth Quarter Earnings Conference January 16,2025Unleash InnovationTSMC,Ltd12025TSMC PropertyAgendaWelcomeJeff Su,IR Director4Q24 Financial Results and 1Q25 OutlookWendell Huang,CFOKey Messages Wendell Huang,CFO C.C.Wei,Chairman&CEO

2、Q&AUnleash InnovationTSMC,Ltd22025TSMC 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 t

3、o those factors that could cause actual results to vary can be found in TSMCs 2023 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission(the“SEC”)on April 18,2024 and such other documents as TSMC may file with,or submit to,the SEC from time to time.Except as requ

4、ired 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,Ltd32025TSMC PropertyStatements of Comprehensive IncomeSelected Items from Statements of Comprehensive Income 4Q24(In NT$billions un

5、less otherwise noted)GuidanceNet Revenue(US$billions)26.8826.1-26.923.5019.62+14.4%+37.0%Net Revenue868.46759.69625.53+14.3%+38.8%Gross Margin59.0%57.0%-59.0%57.8%53.0%+1.2 ppts+6.0 pptsOperating Expenses(86.34)(79.08)(71.62)+9.2%+20.6%Operating Margin49.0%46.5%-48.5%47.5%41.6%+1.5 ppts+7.4 pptsNon-

6、Operating Items23.0923.4218.07-1.4%+27.7%Net Income Attributable to Shareholders of the Parent Company374.68325.26238.71+15.2%+57.0%Net Profit Margin43.1%42.8%38.2%+0.3 ppt+4.9 pptsEPS(NT Dollar)14.4512.549.21+15.2%+57.0%ROE36.2%33.4%28.1%+2.8 ppts+8.1 pptsShipment(Kpcs,12-equiv.Wafer)3,4183,3382,95

7、7+2.4%+15.6%Average Exchange Rate-USD/NTD32.3032.032.3231.88-0.1%+1.3%*Diluted weighted average outstanding shares were 25,929mn units in 4Q24*ROE figures are annualized based on average equity attributable to shareholders of the parent company4Q243Q244Q234Q24Over3Q244Q24Over4Q23Unleash InnovationTS

8、MC,Ltd42025TSMC Property-50 100 150 200 250 300 350 400 450 500 550 6001Q222Q223Q224Q221Q232Q233Q234Q231Q242Q243Q244Q24Revenue(NT$B)7nm5nm3nm4Q24 Revenue by Technology7nm and Below Revenue0.11/0.13um 2%90nm 1%0.25um and above 0%40/45nm 3%28nm6%16nm 7%0.15/0.18um 3%65nm 4%7nm14%5nm34%3nm26%Unleash In

9、novationTSMC,Ltd52025TSMC Property0.11/0.13um 2%90nm 1%0.25um and above 1%40/45nm 6%28nm10%16nm 10%0.15/0.18um 5%65nm 6%7nm19%5nm33%3nm6%20nm 1%Revenue by Technology202320240.11/0.13um 2%90nm 1%0.25um and above 1%40/45nm 4%28nm7%16nm 8%0.15/0.18um 4%65nm 4%7nm17%5nm34%3nm18%20nm 0%Unleash Innovation

10、TSMC,Ltd62025TSMC Property4Q24 Revenue by Platform+19%+17%-15%+6%-6%+2%Growth Rate by Platform(QoQ)Automotive4%DCE1%Others2%IoT5%SmartphoneAutomotiveOthersHPCIoTDCEHPC53%Smartphone35%Unleash InnovationTSMC,Ltd72025TSMC Property+58%+23%+2%+4%+2%-14%Growth rate by Platform(YoY)2024 Revenue by Platform

11、SmartphoneAutomotiveOthersHPCIoTDCESmartphone35%Automotive5%DCE1%Others2%IoT6%HPC51%Unleash InnovationTSMC,Ltd82025TSMC PropertyBalance Sheets&Key IndicesSelected Items from Balance Sheets(In NT$billions)Amount%Amount%Amount%Cash&Marketable Securities2,422.02 36.2%2,167.60 35.2%1,687.65 30.5%Account

12、s Receivable272.09 4.1%249.974.1%201.943.7%Inventories287.864.3%292.884.7%250.994.5%Long-term Investments149.042.2%127.332.1%129.442.3%Net PP&E3,234.98 48.3%3,071.60 49.8%3,064.48 55.4%Total Assets6,691.94 100.0%6,165.66 100.0%5,532.37 100.0%Current Liabilities1,264.53 18.9%1,080.40 17.5%913.5816.5%

13、Long-term Interest-bearing Debts958.4314.3%936.1615.2%918.2816.6%Total Liabilities2,368.36 35.4%2,143.74 34.8%2,049.11 37.0%Total Shareholders Equity4,323.58 64.6%4,021.92 65.2%3,483.26 63.0%Key IndicesA/R Turnover DaysInventory Turnover DaysCurrent Ratio(x)Asset Productivity(x)*Total outstanding sh

14、ares were 25,933mn units at 12/31/24*Asset productivity=Annualized net revenue/Average net PP&E804Q243Q244Q2327283187852.42.62.41.11.00.8Unleash InnovationTSMC,Ltd92025TSMC Property(In NT$billions)4Q243Q244Q23Beginning Balance1,886.781,799.131,311.81Cash from operating activities620.21391.99394.83Ca

15、pital expenditures(361.95)(207.08)(170.16)Cash dividends(103.73)(90.76)(77.80)Bonds payable(1.75)(5.25)9.80Investments and others88.07(1.25)(3.05)Ending Balance2,127.631,886.781,465.43Free Cash Flow258.26184.91224.67Cash Flows*Free cash flow =Cash from operating activities Capital expenditures*Unlea

16、sh InnovationTSMC,Ltd102025TSMC Property2024 Financial Highlights (In NT$billions unless otherwise noted)Net Revenue(US$billions)90.0869.30+30.0%Net Revenue2,894.312,161.74+33.9%Gross Margin56.1%54.4%+1.7 pptsOperating Margin45.7%42.6%+3.1 pptsIncome before Tax1,405.84979.17+43.6%EPS-Diluted(NT$)45.

17、2532.34+39.9%Operating Cash Flow1,826.181,241.97+47.0%Capital Expenditures956.01949.82+0.7%Free Cash Flow(FCF)870.17292.15+197.9%Cash Dividends363.05291.72+24.5%Cash&Marketable Securities2,422.021,687.65+43.5%ROE30.3%26.2%+4.1 pptsYoY20232024Unleash InnovationTSMC,Ltd112025TSMC Property1Q25 Guidance

18、Revenue to be between US$25.0 billion and US$25.8 billionBased on our current business outlook,management expects:And,based on the exchange rate assumption of 1 US dollar to 32.8 NT dollars,management expects:Gross profit margin to be between 57%and 59%Operating profit margin to be between 46.5%and

19、48.5%Unleash InnovationTSMC,Ltd122025TSMC PropertyPlease visit TSMCs website(https:/)and Market Observation Post System(https:/.tw)for details and other announcementsTSMC 2024 Supply Chain Management Forum Presents Awards to Outstanding Suppliers(2024/12/02)TSMC Marked a Significant Milestone in Sus

20、tainable Manufacturing with the Inauguration of the Taichung Zero Waste Manufacturing Center(2024/11/13)TSMC Board of Directors Approved NT$4.50 Cash Dividend for the Third Quarter of 2024 and Set March 18,2025 as Ex-Dividend Date,March 24,2025 as the Record Date and April 10,2025 as the Distribution Date(2024/11/12)Recap of Recent Major EventsUnleash InnovationTSMC,Ltd132025TSMC Propertyhttps:/