Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — Investor Presentation (May 2018)
18 slides from Semiconductor Manufacturing International's investor presentation, May 2018
Slide 1: SMIC Presentation
SMIC Presentation NYSE: SMI HKSE: 0981-HK May 2018
Slide 2: Safe Harbor Statements
Safe Harbor Statements Under the Private Securities Litigation Reform Act of 1995 This presentation contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These for
Slide 3: Agenda: Introduction, Performance, Opportunity, Strategies
Introduction SMIC Performance China Semiconductor Opportunity Strategies for Growth Concluding Remarks SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 3 SMIC shall not be responsible for a
Slide 4: SMIC: Largest and Most Comprehensive IC Foundry in PRC
SMIC: Largest and Most Comprehensive IC Foundry in PRC Company Overview Strong Global Presence Italy China China Beijing Tianjin Established in 2000, headquartered in Shanghai Avezzano Germany USA China Italy Headquarters Listed both on HKSE and NYSE Shanghai No.1 pure-play foundry in PRC; No.
Slide 5: Transitional Period: Becoming Fundamentally Solid
Transitional Period: Becoming Fundamentally Solid Gearing up for Growth Turnaround Early Establishment 3,101 2,914 2018 and beyond Y2002~2017, CAGR 32% Revenue Growth Foundry of Choice in China 2,236 To be a world-class 2,069 1,970 foundry to capture the 1,702 mainstream demand 1,550 1,555 1,465 1,3
Slide 6: Independent and International Board
Independent and International Board Executive Directors Zhou Zixue Zhao HaiJun Liang Mong Song Gao Yonggang Chairman Non-Executive Directors Tzu-Yin Chiu Tong Guohua Chen Shanzhi Lu Jun Ren Kai Zhou Jie Vice Chairman Datang Datang Sino IC-Capital Sino IC-Capital Haitong Securities Previous SMIC Pres
Slide 7: SMIC Family of IC Manufacturing
SMIC Family of IC Manufacturing Beijing Shanghai 12’’ Fab 8’’ Fab JV 12’’ Fab 12’’Fab Italy 12’’Fab-New LF 8” Fab Shenzhen Tianjin 8” Fab 8” Fab 12” Fab 8” Fab-New Expansion Conditions: 2017 Year-End 2018 Year-End Target Existing Fabs New Fabs • Market and customer demand (production capacity) (inst
Slide 8: Agenda: SMIC Performance
Introduction SMIC Performance China Semiconductor Opportunity Strategies for Growth Concluding Remarks SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 8 SMIC shall not be responsible for a
Slide 9: Financial Highlights
Financial Highlights 1Q 2018 Guidance 1Q 2018 Results 2Q 2018 Guidance +7% to +9% QoQ +5.6% QoQ +7% to +9% QoQ Revenue $842 to $858 million $831 million (3) $889M~$906M Gross Margin 25% to 27% 26.5% 23% to 25% Non-GAAP Operating Expenses (1) $212 to $218 million $ 196 million $227M to $233M Non-cont
Slide 10: Capex, EBITDA, and Cash Levels
Capex, EBITDA, and Cash Levels Capex Cash and EBITDA (US$mm) (US$mm) Foundry non-Foundry 2,458 Cash in hand * EBITDA Gross Debt/Equity Net Debt/Equity 2,300 56% 48% 2,522 49% 50% 45% 2,298 2,158 39% 34% 33% 1,247 1,288 1,063 1,118 18% 16% 703 760 708 767 16% 620 12% 358 137 3% 325 30 1% 2017 2018F 2
Slide 11: Investment Grade Credit Rating
Investment Grade Credit Rating S&P investment grade BBB- long-term corporate credit rating since Oct 2013 Moody’s investment grade Baa3 corporate credit rating in Oct 2015 China Chengxin International Credit Rating Agency’s triple A rating in Nov 2015 Committed to Net Debt/EBITDA less than 2
Slide 12: Agenda: China Semiconductor Opportunity
Introduction SMIC Performance China Semiconductor Opportunity Strategies for Growth Concluding Remarks SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 12 SMIC shall not be responsible for
Slide 13: Rapid Growth of China IC Market
Rapid Growth of China IC Market China has become the world’s largest Chinese fabless market growth SMIC sees rapid growth of IC market (US$bn) (US$bn) revenue from China (US$mm) 2000 – China market share: 7% Chinese Fabless Global Fabless SMIC's China Revenue USA $64 Others $100 106 Japan ~5x 99 Chi
Slide 14: Agenda: Strategies for Growth
Introduction SMIC Performance China Semiconductor Opportunity Strategies for Growth Concluding Remarks SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 14 SMIC shall not be responsible for
Slide 15: Strategies for Growth
Strategies for Growth 28nm Technology Platform Mature Technology Platform FinFET Technology Platform PolySiON Flash HKC Power 14nm HKC+ CIS Accumulative Number of Granted Patents 15% R&D Expense vs Sales (US$mm) 11% 10% 14% 7% 11% 11% 7618 6624 4793 5675 3990 427 3283 318 2478 191 194 145 190 237 20
Slide 16: Agenda: Concluding Remarks
Introduction SMIC Performance China Semiconductor Opportunity Strategies for Growth Concluding Remarks SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 16 SMIC shall not be responsible for
Slide 17: Concluding Remarks
Concluding Remarks Aiming to be a World-Class Foundry Execution Financial • 2017 most honored company, ranked by Institutional Investors • Operating cash • JV business model Technology Capacity Positioning • Accelerate advanced technology • Preferred foundry • Increase competitiveness of • Prioritiz
Slide 18: Thank You
Thank You Contact us: [email protected] SMIC Presentation All copyrights and IP belong to SMIC. For reference only and may not be copied or distributed without written permission from SMIC. 18 SMIC shall not be responsible for any party’s reliance on these materials.