Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Shareholder Meeting (April 2026)
71 slides from Asml Holding Nv's shareholder meeting presentation, Apr 22, 2026
Slide 1: Annual General Meeting of ASML Holding NV
Annual General Meeting of ASML Holding NV Veldhoven, the Netherlands April 22, 2026
Slide 2: Forward looking statements
Forward looking statements This document and related presentation and discussion and other discussions at our annual general meeting 2026 related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including stateme
Slide 3: Opening of the Annual General Meeting
Opening of the Annual General Meeting of ASML Holding NV (Non-voting item) April 22, 2026 Page 3
Slide 4: Overview of the Company's business, financial situation and ESG sustainability
Overview of the Company’s business, financial situation and ESG sustainability (Non-voting item) April 22, 2026 Page 4
Slide 5: Industry context and our progress in 2025
Industry context and our progress in 2025 Christophe Fouquet President and CEO April 22, 2026 Page 5
Slide 6: From chips everywhere to AI chips everywhere
We see our society going from chips everywhere to AI chips everywhere We will see AI penetrate all different segments of the semiconductor eco-system Automation Electrification, smart mobility Working, learning remotely Energy transition Healthcare, medical tech Hyperconnectivity Technological Cloud
Slide 7: Semiconductor sales as % of nominal GDP
AI has strong potential to drive the entire semiconductor industry forward Semiconductor part of GDP expected to grow by >50% by 2030 Semiconductor sales as % of global nominal GDP have steadily grown across the previous computing waves 0.8% PC Internet Smartphone AI Semiconductor sales as % of nomi
Slide 8: AI industry leaders investing heavily into AI infrastructure
AI industry leaders are investing heavily into AI infrastructure, the race is on! US (Meta, Amazon, Google…) leads a >$2 Trillion worldwide Capex investment wave EUR Hyperscaler compute capacity will double over next two years, says Wells Fargo CN It estimates hyperscaler capital expenditures will n
Slide 9: Customers investing aggressively in capacity to respond to AI demand
Our customers are investing aggressively in capacity to respond to AI demand However, we expect the market to be supply limited for several years TSMC intends to raise prices on wafers produced Micron invest roughly $200 billion in U.S. manufacturing, taken a using its advanced process technologies
Slide 10: Compute demand from AI outpacing Moore's law
Compute demand from AI accelerated since 2010, outpacing Moore’s law Moore’s law alone is not sufficient to meet future training computing power requirements Most advanced AI products 16x/2years 3D Integration Transistors (log) Traditional Moore’s Law 2x/2years 2D Scaling 2000 2005 2010 2015 2020 20
Slide 11: AI chips' appetite for silicon area is enormous and growing
Most advanced AI chips’ appetite for silicon area is enormous and growing Upcoming advanced NVIDIA systems require 4x more silicon within three years 2024 2027 NVIDIA Blackwell System NVIDIA Rubin Ultra System 2.5 wafers 10 wafers April 22, 2026 Source: NVIDIA Page 11
Slide 12: Compute demand from AI outpacing Moore's law
Compute demand from AI accelerated since 2010, outpacing Moore’s law Moore’s law alone is not sufficient to meet future training computing power requirements Most advanced AI products 16x/2years 10X 3D Integration 2.5X Transistors (log) Traditional Moore’s Law 2x/2years 2D Scaling 2000 2005 2010 201
Slide 13: AI momentum creates new opportunities for ASML
AI momentum creates new short- and long-term opportunities for ASML ASML will need to deliver both innovations and capacity to address the new market demands More capacity More technology More lithography Many of our customers have shared Generative AI and other high We expect 2026 to be a growth ye
Slide 14: AI fueling the entire ASML product portfolio
AI fueling the entire ASML product portfolio through a large set of applications Mainstream semi grows in volume, while high performance continues to follow Moore's law SPECIALTY MEMORY Mainstream LOGIC 300 mm 200 mm 300 mm ANALOG Healthcare, medical tech Smarter use of POWER Working, limited resour
Slide 15: EUV supports AI chips manufacturing with record productivity
EUV supports AI chips manufacturing with record productivity Second generation High NA system now running at a customer site • EUV capacity has grown more than 30% • We have continued to increase the performance of the TWINSCAN NXE:3800E system, achieving record NXE throughput of 230 wafers per hour
Slide 16: DUV products remain a workhorse of the industry
DUV products are and will remain a workhorse of the industry Our lithography technology will benefit from 3D integration, which ASML started to support with the XT:260 • Our latest generation immersion system, the NXT:2150i, has been running high volume production at more than 300 wafers per hour, a
Slide 17: Holistic Lithography improves accuracy and patterning yield
Holistic Lithography focuses on improving accuracy and patterning yield to maximize value for our customers • Our optical metrology and e-beam inspection business has grown by ~30% in 2025, stressing the increased need for those applications • We made significant progress on Multi e-beam wafer inspe
Slide 18: Goals of AI partnership between ASML and Mistral AI
Goals of AI partnership between ASML and Mistral AI Focus is on generating value to our customers by enhancing our product offering 1 Strengthen our core competence 2 Support connected markets R&D Product Mistral Le Efficiency Leadership Studio Chat Mistral AI Operations Enabling Mistral Mistral Eff
Slide 19: Working with partners for an attractive Brainport region
Continuing to work with partners for an attractive, inclusive Brainport region Mobility Affordable housing Culture Education Beethoven infrastructure Beethoven housing New museum in Eindhoven Collaboration with TU/e ASML has agreed to invest in We agreed to contribute The Rijksmuseum, Eindhoven ASML
Slide 20: Expanding our footprint to serve our customers
Expanding our footprint to serve our customers Preparing for growth Asia US Europe Korea’s Hwaseong campus Phoenix training center Eindhoven BIC campus In late 2025, Korea’s Hwaseong In Q4 2025, we inaugurated our Preparations of our BIC campus campus opened its doors, enabling new training center f
Slide 21: Overview of the Company's business, financial situation and ESG sustainability
Overview of the Company’s business, financial situation and ESG sustainability (Non-voting item) April 22, 2026 Page 21
Slide 22: Financials and outlook
Financials and outlook Roger Dassen Executive Vice President and CFO April 22, 2026 Page 22
Slide 23: 2025 - Business summary
2025 - Business summary1 ASML: • Total net sales of €32.7 billion at 52.8% gross margin • Net income at €9.6 billion resulted in an earnings per share (basic) of €24.73 • Returned €8.5 billion to shareholders through dividends and share buybacks • Invested €1.3 billion in Mistral AI, a strategic par
Slide 24: Net system sales breakdown (yearly)
Net system sales breakdown (yearly) 2025 Net system sales €24,474 million 2024 Net system sales €21,769 million April 22, 2026 Page 24
Slide 25: Total net sales by End-use
Total net sales by End-use Installed Base Management1 Logic Memory April 22, 2026 1 Installed Base Management equals our net service and field option sales Page 25
Slide 26: Cash return to shareholders
Cash return to shareholders • In 2025, ASML paid total dividends of €2.6 billion, consisting of one 2024 interim dividend, one 2024 final dividend and two 2025 interim dividends, and purchased €5.9 billion of shares • ASML intends to declare a total dividend for the year 2025 of €7.50 per ordinary s
Slide 27: Q1 2026 results summary
Q1 results summary 1 Q1 2026 Total net sales €8.8 billion Net system sales €6.3 billion Installed Base Management2 sales €2.5 billion Gross margin 53.0% Operating margin3 36.0% Net income as a percentage of total net sales 31.4% Earnings per share (basic) €7.15 1 These numbers have been prepared in
Slide 28: Advancing our ESG Sustainability agenda
Advancing our ESG Sustainability agenda1 ASML reached net zero in our own operations, making progress on energy and climate projects Environment Social Governance Highlights 2025 Highlights 2025 Highlights 2025 • Reached our 2025 target: • Initiated housing and • 2030 and 2040 climate targets greenh
Slide 29: Our 2025 commitment in numbers
Our 2025 commitment in numbers Community investment, reach and impact 1,750 €/employee total invested in communities STEM education impact: Employee giving: Community partnerships: Global reach: April 22, 2026 Page 29
Slide 30: Outlook
Outlook April 22, 2026 Page 30
Slide 31: Outlook Q2 2026 and FY 2026
Outlook1 Q2 2026 Total net sales between €8.4 billion and €9.0 billion of which Installed Base Management2 sales around €2.5 billion Gross margin between 51% and 52% R&D costs around €1.2 billion SG&A costs around €0.3 billion FY 2026 Total net sales between €36 billion and €40 billion Gross margin
Slide 32: Overview of the Company's business, financial situation and ESG sustainability
Overview of the Company’s business, financial situation and ESG sustainability (Non-voting item) April 22, 2026 Page 32
Slide 33: Financial statements, results and dividend
Financial statements, results and dividend April 22, 2026 Page 33
Slide 34: Advisory vote on the remuneration report
Advisory vote on the remuneration report for the Board of Management and the Supervisory Board for the financial year 2025 (Voting item) April 22, 2026 Page 34
Slide 35: Remuneration Report 2025
2025 Remuneration Report Terri Kelly, Chair Remuneration Committee April 22, 2026 Page 35
Slide 36: Remuneration Report 2025 summary
Remuneration Report 2025 Summary ASML has prepared the Remuneration Key workstreams of the Remuneration Main elements of the execution of the Report for the Board of Management Committee: Board of Management Remuneration and the Supervisory Board for the Engaged with our internal and external Policy
Slide 37: Short-Term Incentive Board of Management 2025
Short-Term Incentive Board of Management 2025 Pay-out: 142.5% of target April 22, 2026 Page 37
Slide 38: Long-Term Incentive Board of Management 2023-2025
Long-Term Incentive Board of Management 2023-2025 Pay-out: 137.4% of target April 22, 2026 Page 38
Slide 39: Advisory vote on the remuneration report
Advisory vote on the remuneration report for the Board of Management and the Supervisory Board for the financial year 2025 (Voting item) April 22, 2026 Page 39
Slide 40: Proposal to adopt the financial statements 2025
Proposal to adopt the financial statements of the Company for the financial year 2025, as prepared in accordance with Dutch law (Voting item) April 22, 2026 Page 40
Slide 41: Our audit of ASML Holding N.V. at a glance
pwe Our audit of ASML Holding N.V. at a glance Materiality Audit scope Key audit matters —> Our approach and conclusions in summary Audit of the Financial statements prepared in accordance with Part 9 of book 2 of the Dutch Civil Code and EU-IFRS: Unqualified opinion Materiality: EUR 607 million Sco
Slide 42: Proposal to adopt the financial statements 2025
Proposal to adopt the financial statements of the Company for the financial year 2025, as prepared in accordance with Dutch law (Voting item) April 22, 2026 Page 42
Slide 43: Clarification of reserves and dividend policy
Clarification of the Company’s reserves and dividend policy (Non-voting item) April 22, 2026 Page 43
Slide 44: Proposal to adopt a dividend for 2025
Proposal to adopt a dividend in respect of the financial year 2025 (Voting item) April 22, 2026 Page 44
Slide 45: Discharge
Discharge April 22, 2026 Page 45
Slide 46: Proposal to discharge the Board of Management
Proposal to discharge the members of the Board of Management from liability for their responsibilities in the financial year 2025 (Voting item) April 22, 2026 Page 46
Slide 47: Proposal to discharge the Supervisory Board
Proposal to discharge the members of the Supervisory Board from liability for their responsibilities in the financial year 2025 (Voting item) April 22, 2026 Page 47
Slide 48: Q&A
Q&A ASML p5:12, 202 Page 48
Slide 49: Proposal to approve the number of shares for the Board of Management
Proposal to approve the number of shares for the Board of Management (Voting item) April 22, 2026 Page 49
Slide 50: Composition of the Board of Management
Composition of the Board of Management April 22, 2026 Page 50
Slide 51: Intended appointment of Mr. M.J.A. Pieters as CTO
Notification of the intended appointment of Mr. M.J.A. Pieters as a member of the Board of Management in the position of Chief Technology Officer (Non-voting item) April 22, 2026 Page 51
Slide 52: Intended reappointment of Mr. R.J.M. Dassen as CFO
Notification of the intended reappointment of Mr. R.J.M. Dassen as a member of the Board of Management in the position of Chief Financial Officer (Non-voting item) April 22, 2026 Page 52
Slide 53: Intended reappointment of Mr. F.J.M. Schneider-Maunoury as COO
Notification of the intended reappointment of Mr. F.J.M. Schneider-Maunoury as a member of the Board of Management in the position of Chief Operations Officer (Non-voting item) April 22, 2026 Page 53
Slide 54: Q&A
Q&A ASML p5:12, 202 Page 54
Slide 55: Composition of the Supervisory Board
Composition of the Supervisory Board April 22, 2026 Page 55
Slide 56: Proposal to reappoint Ms. T.L. Kelly
Proposal to reappoint Ms. T.L. Kelly as a member of the Supervisory Board (Voting item) April 22, 2026 Page 56
Slide 57: Proposal to reappoint Ms. A.L. Steegen
Proposal to reappoint Ms. A.L. Steegen as a member of the Supervisory Board (Voting item) April 22, 2026 Page 57
Slide 58: Proposal to appoint Mr. B. Loh
Proposal to appoint Mr. B. Loh as a member of the Supervisory Board (Voting item) April 22, 2026 Page 58
Slide 59: Composition of the Supervisory Board in 2027
Composition of the Supervisory Board in 2027 (Non-voting item) April 22, 2026 Page 59
Slide 60: Composition of the Supervisory Board
Composition of the Supervisory Board April 22, 2026 Page 60
Slide 61: Appointment of external auditor
Appointment of external auditor April 22, 2026 Page 61
Slide 62: Proposal to appoint PwC as auditor for financial statements 2027
Proposal to appoint PricewaterhouseCoopers Accountants N.V. as the external auditor to issue an independent auditor’s opinion on ASML’s financial statements for the reporting year 2027 (Voting item) April 22, 2026 Page 62
Slide 63: Proposal to appoint PwC for sustainability assurance 2027
Proposal to appoint PricewaterhouseCoopers Accountants N.V. as the external auditor to carry out the assurance of ASML’s sustainability statements for the reporting year 2027 (Voting item) April 22, 2026 Page 63
Slide 64: Appointment of external auditor
Appointment of external auditor April 22, 2026 Page 64
Slide 65: Introduction to agenda items
Introduction to agenda items April 22, 2026 Page 65
Slide 66: Authorizations to issue shares
Authorizations Proposals to authorize the Board of Management to issue ordinary shares or grant rights to subscribe for ordinary shares, as well as to restrict or exclude the preemption rights accruing to shareholders (Voting items) April 22, 2026 Page 66
Slide 67: Proposal to authorize repurchase of ordinary shares
Proposal to authorize the Board of Management to repurchase ordinary shares up to 10% of the issued share capital (Voting item) April 22, 2026 Page 67
Slide 68: Proposal to cancel ordinary shares
Proposal to cancel ordinary shares (Voting item) April 22, 2026 Page 68
Slide 69: Q&A
Q&A ASML p5:12, 202 Page 69
Slide 70: Any other business
Any other business April 22, 2026 Page 70
Slide 71: Closing
Closing April 22, 2026 Page 71