1、Unleash InnovationTSMC,Ltd02024TSMC PropertyUnleash Innovation2024 First Quarter Earnings Conference April 18,2024Unleash InnovationTSMC,Ltd12024TSMC PropertyAgendaWelcomeJeff Su,IR Director1Q24 Financial Results and 2Q24 OutlookWendell Huang,CFOKey Messages Wendell Huang,CFO C.C.Wei,CEOQ&AUnleash I

2、nnovationTSMC,Ltd22024TSMC 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 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 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,Ltd32024TSMC PropertyStatements of Comprehensive IncomeSelected Items from Statements of Comprehensive Income 1Q24(In NT$billions unless otherwi

5、se noted)GuidanceNet Revenue(US$billions)18.8718.0-18.819.6216.72-3.8%+12.9%Net Revenue592.64625.53508.63-5.3%+16.5%Gross Margin53.1%52%-54%53.0%56.3%+0.1 ppt-3.2 pptsOperating Expenses(65.36)(71.62)(55.31)-8.7%+18.2%Operating Margin42.0%40%-42%41.6%45.5%+0.4 ppt-3.5 pptsNon-Operating Items17.5218.0

6、713.04-3.0%+34.4%Net Income Attributable to Shareholders of the Parent Company225.49238.71206.99-5.5%+8.9%Net Profit Margin38.0%38.2%40.7%-0.2 ppt-2.7 pptsEPS(NT Dollar)8.709.217.98-5.5%+8.9%ROE25.4%28.1%27.5%-2.7 ppts-2.1 pptsShipment(Kpcs,12-equiv.Wafer)3,0302,9573,227+2.5%-6.1%Average Exchange Ra

7、te-USD/NTD31.4031.1031.8830.42-1.5%+3.2%*Diluted weighted average outstanding shares were 25,930mn units in 1Q24*ROE figures are annualized based on average equity attributable to shareholders of the parent company1Q244Q231Q231Q24Over4Q231Q24Over1Q23Unleash InnovationTSMC,Ltd42024TSMC Property-50 10

8、0 150 200 250 300 350 400Revenue(NT$B)7nm5nm3nm1Q24 Revenue by Technology7nm and Below Revenue0.11/0.13um 3%90nm 1%0.25um and above 1%40/45nm 5%28nm8%16nm 9%0.15/0.18um 4%65nm 4%7nm19%5nm37%3nm9%Unleash InnovationTSMC,Ltd52024TSMC Property1Q24 Revenue by Platform+3%-16%+5%+0%+33%-8%Growth Rate by Pl

9、atform(QoQ)Automotive6%DCE2%Others2%IoT6%SmartphoneAutomotiveOthersHPCIoTDCEHPC46%Smartphone38%Unleash InnovationTSMC,Ltd62024TSMC PropertyBalance Sheets&Key IndicesSelected Items from Balance Sheets(In NT$billions)Amount%Amount%Amount%Cash&Marketable Securities1,922.66 33.2%1,687.65 30.5%1,589.19 3

10、1.6%Accounts Receivable201.98 3.5%201.943.7%148.052.9%Inventories267.124.6%250.994.5%216.074.3%Long-term Investments138.472.4%129.442.3%69.911.4%Net PP&E3,051.85 52.7%3,064.48 55.4%2,833.40 56.1%Total Assets5,787.89 100.0%5,532.37 100.0%5,045.84 100.0%Current Liabilities1,026.18 17.7%913.5816.5%873.

11、0917.3%Long-term Interest-bearing Debts965.5616.7%918.2816.6%854.7916.9%Total Liabilities2,122.18 36.7%2,049.11 37.0%1,952.95 38.7%Total Shareholders Equity3,665.71 63.3%3,483.26 63.0%3,092.89 61.3%Key IndicesA/R Turnover DaysInventory Turnover DaysCurrent Ratio(x)Asset Productivity(x)*Total outstan

12、ding shares were 25,934mn units at 3/31/24*Asset productivity=Annualized net revenue/Average net PP&E2.42.42.30.80.80.7901Q244Q231Q233131348596Unleash InnovationTSMC,Ltd72024TSMC PropertyCash Flows*Free cash flow =Cash from operating activities Capital expenditures(In NT$billions)1Q244Q231Q23Beginni

13、ng Balance1,465.431,311.811,342.81Cash from operating activities436.31394.83385.24Capital expenditures(181.30)(170.16)(302.50)Cash dividends(77.80)(77.80)(71.30)Bonds payable22.809.807.30Investments and others32.76(3.05)23.68Ending Balance1,698.201,465.431,385.23Free Cash Flow255.01224.6782.74*Unlea

14、sh InnovationTSMC,Ltd82024TSMC Property2Q24 GuidanceRevenue to be between US$19.6 billion and US$20.4 billionBased on our current business outlook,management expects: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%an

15、d 53%Operating profit margin to be between 40%and 42%Unleash InnovationTSMC,Ltd92024TSMC PropertyPlease visit TSMCs website(https:/)and Market Observation Post System(https:/.tw)for details and other announcementsTSMC Announces Candidates for Board of Directors(2024/04/12)TSMC Arizona and U.S.Depart

16、ment 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 Board of Directors Hold a Special Meeting and Approve the Appointment of Senior Vice President of R&D Dr.Y.J.Mii and Senior Vice President of Operat

17、ions Mr.Y.P.Chyn as Executive Vice Presidents and Co-Chief Operating Officers of TSMC(2024/02/29)TSMC Celebrates the Opening of JASM in Kumamoto,Japan(2024/02/24)JASM Set to Expand in Kumamoto,Japan(2024/02/06)TSMC Board of Directors Approved NT$3.50 Cash Dividend for the Fourth Quarter of 2023 and

18、Set June 13,2024 as Ex-Dividend Date,June 19,2024 as the Record Date,and July 11,2024 as the Distribution Date(2024/02/06)TSMC Board of Directors Approved the Convening of the 2024 Annual Shareholders Meeting on June 4,2024,at Which an Election for its Ten-Member Board of Directors Will Be Held(2024/02/06)Recap of Recent Major EventsUnleash InnovationTSMC,Ltd102024TSMC Propertyhttps:/