EX-99.2 3 a2q24presentatione.htm EX-99.2
Unleash Innovation TSMC, Ltd© 02024 TSMC Property Unleash Innovation 2024 Second Quarter Earnings Conference July 18, 2024

Unleash Innovation TSMC, Ltd© 12024 TSMC Property Agenda • Welcome Jeff Su, IR Director • 2Q24 Financial Results and 3Q24 Outlook Wendell Huang, CFO • Key Messages Wendell Huang, CFO C.C. Wei, Chairman & CEO • Q&A

Unleash Innovation TSMC, Ltd© 22024 TSMC Property 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 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 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 Innovation TSMC, Ltd© 32024 TSMC Property Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q24 (In NT$ billions unless otherwise noted) Guidance Net Revenue (US$ billions) 20.82 19.6-20.4 18.87 15.68 +10.3% +32.8% Net Revenue 673.51 592.64 480.84 +13.6% +40.1% Gross Margin 53.2% 51%-53% 53.1% 54.1% +0.1 ppt -0.9 ppt Operating Expenses (70.30) (65.36) (58.19) +7.6% +20.8% Operating Margin 42.5% 40%-42% 42.0% 42.0% +0.5 ppt +0.5 ppt Non-Operating Items 19.75 17.52 12.72 +12.7% +55.3% Net Income Attributable to Shareholders of the Parent Company 247.85 225.49 181.80 +9.9% +36.3% Net Profit Margin 36.8% 38.0% 37.8% -1.2 ppts -1.0 ppt EPS (NT Dollar) 9.56 8.70 7.01 +9.9% +36.3% ROE 26.7% 25.4% 23.2% +1.3 ppts +3.5 ppts Shipment (Kpcs, 12"-equiv. Wafer) 3,125 3,030 2,916 +3.1% +7.2% Average Exchange Rate--USD/NTD 32.35 32.30 31.40 30.67 +3.0% +5.5% * Diluted weighted average outstanding shares were 25,931mn units in 2Q24 ** ROE figures are annualized based on average equity attributable to shareholders of the parent company 2Q24 1Q24 2Q23 2Q24 Over 1Q24 2Q24 Over 2Q23

Unleash Innovation TSMC, Ltd© 42024 TSMC Property - 50 100 150 200 250 300 350 400 450 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 R e v e n u e ( N T $ B ) 7nm 5nm 3nm 2Q24 Revenue by Technology 7nm and Below Revenue 0.11/0.13um 2%90nm 1% 0.25um and above 1% 40/45nm 5% 28nm 8% 16nm 9% 0.15/0.18um 4% 65nm 3% 7nm 17% 5nm 35% 3nm 15%

Unleash Innovation TSMC, Ltd© 52024 TSMC Property 2Q24 Revenue by Platform +28% -1% +6% +5% +20% +5% Growth Rate by Platform (QoQ) Automotive 5% DCE 2% Others 2% IoT 6% Smartphone Automotive OthersHPC IoT DCE HPC 52% Smartphone 33%

Unleash Innovation TSMC, Ltd© 62024 TSMC Property Balance Sheets & Key Indices Selected Items from Balance Sheets (In NT$ b illions) Amount % Amount % Amount % Cash & Marketable Securities 2,048.64 34.3% 1,922.66 33.2% 1,489.96 28.9% Accounts Receivable 210.21 3.5% 201.98 3.5% 191.03 3.7% Inventories 272.49 4.5% 267.12 4.6% 234.33 4.6% Long-term Investments 140.22 2.4% 138.47 2.4% 94.61 1.8% Net PP&E 3,105.86 51.9% 3,051.85 52.7% 2,947.23 57.2% Total Assets 5,982.36 100.0% 5,787.89 100.0% 5,149.47 100.0% Current Liabilities 1,048.92 17.5% 1,026.18 17.7% 810.83 15.8% Long-term Interest-bearing Debts 974.34 16.3% 965.56 16.7% 907.32 17.6% Total Liabilities 2,162.22 36.1% 2,122.18 36.7% 1,944.00 37.8% Total Shareholders' Equity 3,820.14 63.9% 3,665.71 63.3% 3,205.47 62.2% Key Indices A/R Turnover Days Inventory Turnover Days Current Ratio (x) Asset Productivity (x) * Total outstanding shares were 25,930mn units at 6/30/24 ** Asset productivity = Annualized net revenue / Average net PP&E 83 2Q24 1Q24 2Q23 28 31 32 90 99 2.5 2.4 2.4 0.9 0.8 0.7

Unleash Innovation TSMC, Ltd© 72024 TSMC Property Cash Flows * Free cash flow = Cash from operating activities – Capital expenditures (In NT$ billions) 2Q24 1Q24 2Q23 Beginning Balance 1,698.20 1,465.43 1,385.23 Cash from operating activities 377.67 436.31 167.25 Capital expenditures (205.68) (181.30) (250.53) Cash dividends (90.76) (77.80) (71.30) Bonds payable 11.50 22.80 40.70 Investments and others 8.20 32.76 5.37 Ending Balance 1,799.13 1,698.20 1,276.72 Free Cash Flow 171.99 255.01 (83.28)*

Unleash Innovation TSMC, Ltd© 82024 TSMC Property 3Q24 Guidance ◼ Revenue to be between US$22.4 billion and US$23.2 billion Based on our current business outlook, management expects: And, based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars, management expects: ◼ Gross profit margin to be between 53.5% and 55.5% ◼ Operating profit margin to be between 42.5% and 44.5%

Unleash Innovation TSMC, Ltd© 92024 TSMC Property • Please visit TSMC's website (https://www.tsmc.com) and Market Observation Post System (https://mops.twse.com.tw) for details and other announcements • TSMC Shareholders Elect Board of Directors; Board of Directors Unanimously Elects Dr. C.C. Wei as Chairman and CEO (2024/06/04) • TSMC Board of Directors Approved NT$4.00 Cash Dividend for the First Quarter of 2024 and Set September 12 as the Ex-Dividend Date, September 18 as the Record Date and October 9, 2024 as the Distribution Date (2024/05/10) • TSMC Celebrates 30th North America Technology Symposium with Innovations Powering AI with Silicon Leadership (2024/04/24) Recap of Recent Major Events

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