Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Q3 2003 Earnings Presentation
17 slides from Asml Holding Nv's earnings presentation, Oct 15, 2003
Slide 1: Q3 2003 Results
Q3 2003 Results October 15, 2003 / Slide 1
Slide 2: Safe Harbor
Safe Harbor “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: the matters discussed during this presentation include forward-looking statements that are subject to risks and uncertainties including, but not limited to, economic conditions, product and pricing,
Slide 3: Agenda
Agenda l Summary Q3 2003 l Financial Summary l Focus Q4 2003 / Slide 3
Slide 4: Summary Q3 2003
Summary Q3 2003 G & ASML / Slide 4
Slide 5: Summary Q3 2003
Summary Q3 2003 l Revenue 370 M€, up 12% q-o-q, up 5% y-o-y l Sold 34 lithography systems: 28 new, 6 refurbished l Increased average selling price for new systems to M€ 10.8, up from M€ 8.3 in Q2 l Increased backlog to 91 systems, up 47% q-o-q l Reduced net loss in lithography operations from M€ 54
Slide 6: Financial summary
Financial summary G & ASML / Slide 6
Slide 7: Revenues
Total revenues M€ 3000 2673 Total Semi-annual 2500 Q1 Q2 1959 2000 Q3 1493 Revenues 1518 1589 Q4 1500 820 759 1017 1000 351 370 1180 500 609 329 830 179 318 0 1999 2000 2001 2002 2003 / Slide 7
Slide 8: New and used system revenues by region and type
New and used system revenues by region and type for the period from Jan 1 through Sep 28 2003 Region Type Europe 12% Steppers 3% U.S. 40% Scanners 300 mm Scanners 200 mm Asia 48% 48% 49% / Slide 8
Slide 9: Overview historical financials consolidated M€
Overview historical financials consolidated M€ QTD* 2002 QTD 2003 YTD** 2002 YTD 2003 ASML Net sales 352 100.0% 370 100.0% 1139 100.0% 1017 100.0% Gross profit 93 26.6% 93 25.2% 326 28.6% 219 21.5% R&D costs 69 19.7% 62 16.7% 214 18.7% 211 20.7% SG&A costs 70 19.8% 50 13.6% 203 17.8% 166 16.3% Restr
Slide 10: Cash flow M€
Cash flow M€ QTD* 2002 QTD 2003 YTD** 2002 YTD 2003 Net income (loss) from cont. ops. (36) (18) (82) (140) Depreciation and amortization 49 45 132 112 Effects of changes in assets and liabilities (140) (40) (397) 286 Cash flow from operations (127) (13) (347) 258 Cash flow from investing activities
Slide 11: Balance sheet as of September 28, 2003 M€
Balance sheet as of September 28, 2003 M€ ASSETS Dec 2002 Sep 2003 Cash and cash equivalents 669 20% 1104 35% Accounts receivable, net 557 17% 301 10% Inventories, net 730 22% 676 21% Assets held for sale 106 3% 77 2% Tax assets 494 15% 384 12% Other assets 237 7% 219 7% Property, plant and equipmen
Slide 12: Backlog: litho unit vs. value
Backlog units 0 50 100 150 200 250 Jan 02 Feb 02 / Slide 12 Mar 02 Apr 02 May 02 Jun 02 Jul 02 Aug 02 Sep 02 Oct 02 Nov 02 Dec 02 Backlog: litho unit vs. value Jan 03 Feb 03 Mar 03 Apr 03 May 03 New systems Used systems Jun 03 Jul 03 Aug 03 New and used systems Sep 03 0 500 1000 1500 2000 Backlog va
Slide 13: Backlog lithography per September 28, 2003
Backlog lithography per September 28, 2003 Total value M€ 859 Value per type Value per technology >365 nm 365 nm Scanners 300 mm Scanners 200 mm 157 nm 7% 1% 70% 30% 3% 193 nm 248 nm 42% 47% Value per region Value per end-use Japan China R&D Korea 2% Logic Foundry 8% Singapore 9% 23% 29% 8% 8% MPU/M
Slide 14: Backlog as of September 28, 2003
Backlog as of September 28, 2003 New Systems Used Systems Total Backlog Backlog Backlog Units 80 11 91 Value M€ 817 M€ 42 M€ 859 ASP M€ 10.2 M€ 3.8 M€ 9.4 Numbers rounded for reader’s convenience / Slide 14
Slide 15: Focus Q4 2003
Focus Q4 2003 G & ASML / Slide 15
Slide 16: Focus Q4 2003
Focus Q4 2003 l Continue to improve financial position l Continue to reduce operational costs and Cost of Goods l Generate cash l Pursue aggressive new product introductions l Strengthen relationship with existing customers l Build on a leadership position / Slide 16
Slide 17: Commitment
Commitment / Slide 17