6-K 1 d478418d6k.htm FORM 6-K

1934 Act Registration No. 1-14700

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2017

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

No. 8, Li-Hsin Rd. 6,

Hsinchu Science Park,

Taiwan

(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒ Form 40-F ☐

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ☐ No ☒

(If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82: .)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

|  |  |  | Taiwan Semiconductor Manufacturing Company Ltd.
Date: October 19, 2017 |  |  |  | By |  | /s/ Lora Ho
|  |  |  |  |  | Lora Ho
|  |  |  |  |  | Senior Vice President & Chief Financial Officer

TSMC Property © 2017 TSMC, Ltd 2017 Third Quarter Earnings Conference October 19, 2017

TSMC Property © 2017 TSMC, Ltd Welcome 3Q17 Financial Results and 4Q17 Outlook Key Messages Q&A Jeff Su Lora Ho Lora Ho Mark Liu C.C. Wei Open Innovation Platform

TSMC Property © 2017 TSMC, Ltd Safe Harbor Notice TSMC’s 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 factors that could cause actual results to vary can be found in TSMC’s Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) on April 13, 2017 and such other documents as TSMC may file with, or submit to, the SEC from time to time. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

TSMC Property © 2017 TSMC, Ltd Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q17(In NT$ or US$ billions unless otherwise noted)GuidanceNet Revenue252.11US$ 8.12-8.22(NT$246-249)213.86260.41+17.9%-3.2%Gross Margin49.9%48.5%—50.5%50.8%50.7%-0.9 ppt-0.8 pptOperating Expenses(27.54)(25.37)(25.84)+8.6%+6.6%Operating Margin38.9%37.0%—39.0%38.9%40.8%0.0 ppt-1.9 pptsNon-Operating Items2.462.861.99-14.0%+23.9%Net Income to Shareholders of the Parent Company89.9366.2796.76+35.7%-7.1%Net Profit Margin35.7%31.0%37.2%+4.7 ppts-1.5 pptsEPS (NT Dollar)3.472.563.73+35.7%-7.1%ROE25.9%19.0%31.2%+6.9 ppts-5.3 pptsShipment (Kpcs, 12”-equiv. Wafer)2,7442,5332,638+8.3%+4%Average Exchange Rate--USD/NTD30.2930.3030.2931.770.0%-4.7%* Diluted weighted average outstanding shares were 25,930mn units in 3Q17.** ROE figures are annualized based on average equity attributable to shareholders of the parent company.3Q172Q173Q163Q17over2Q173Q17over3Q16

TSMC Property © 2017 TSMC, Ltd 3Q17 Revenue by Application

TSMC Property © 2017 TSMC, Ltd 3Q17 Revenue by Technology

TSMC Property © 2017 TSMC, Ltd Balance Sheets & Key Indices Selected Items from Balance Sheets(In NT$ billions)Amount%Amount%Amount%Cash & Marketable Securities501.7827.3%658.9533.2%516.9530.1%Accounts Receivable118.736.4%110.335.5%129.297.5%Inventories73.894.0%61.013.1%53.883.1%Long-term Investments40.902.2%43.822.2%49.912.9%Net PP&E1,065.76 57.9%1,077.63 54.2%934.9354.4%Total Assets1,841.42 100.0%1,986.43100.0%1,718.69100.0%Current Liabilities298.5216.2%523.5126.3%257.5615.0%Long-term Interest-bearing Debts91.815.0%99.325.0%152.168.9%Total Liabilities410.0122.3%644.0732.4%434.8025.3%Total Shareholders’ Equity1,431.41 77.7%1,342.3667.6%1,283.8974.7%Key IndicesA/R Turnover DaysInventory Turnover DaysCurrent Ratio (x)Asset Productivity (x)* Total outstanding shares were 25,930mn units at 9/30/17.** Asset productivity = Annualized net revenue / Average net PP&E533Q172Q173Q1642474252442.41.62.80.90.81.2

TSMC Property © 2017 TSMC, Ltd Cash Flows (1)Free cash flow = Cash from operating activities – Capital expenditures (1) (In NT$ billions)3Q172Q173Q16Beginning Balance570.47564.73622.36Cash from operating activities116.78103.40126.41Capital expenditures(61.71)(105.19)(103.78)Cash dividends(181.51)0.00(155.58)Short-term loans 0.00(0.04)0.00Investments and others(35.95)7.57(25.44)Ending Balance408.08570.47463.97Free Cash Flow55.07(1.79)22.63

TSMC Property © 2017 TSMC, Ltd Revenue to be between US$ 9.10 billion and US$ 9.20 billion Based on our current business outlook, management expects: 4Q17 Guidance And, based on the exchange rate assumption of 1 US dollar to 30.3 NT dollars, management expects: Gross profit margin to be between 48% and 50% Operating profit margin to be between 37% and 39%

TSMC Property © 2017 TSMC, Ltd Recap of Recent Major Events Please visit TSMC’s website (http://www.tsmc.com) and Market Observation Post System (http://mops.twse.com.tw) for details and other announcements TSMC Senior Vice President Dr. Stephen Tso to Retire ( 2017/10/16 ) TSMC Purchases Another 100 million kWh in Green Power ( 2017/10/16 ) TSMC Dr. Morris Chang Announces Retirement in June 2018. Future Dual Leadership Will Be Mark Liu as Chairman And C.C. Wei as CEO ( 2017/10/02 ) TSMC to Build 3nm Fab in Tainan Science Park ( 2017/09/29 ) TSMC Chairman Dr. Morris Chang Honored by Forbes Magazine as One of the World’s 100 Greatest Living Business Minds ( 2017/09/21 ) Xilinx, Arm, Cadence, and TSMC Announce World’s First CCIX Silicon Demonstration Vehicle in 7nm Process Technology ( 2017/09/11 ) Ambiq Micro and TSMC Deliver World’s Lowest Energy Consumption for Huawei’s Fitness Wearables ( 2017/09/08 )

TSMC Property © 2017 TSMC, Ltd http://www.tsmc.com invest@tsmc.com