Slide 1: ASML 2019 First-Quarter Results
Public ASML reports EUR 2.2 billion sales at 41.6% gross margin in Q1 2019 view unchanged ASML 2019 First-Quarter Results Veldhoven, the Netherlands April 17, 2019
Slide 2: Agenda
Public Slide 2 April 17, 2019 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 April 17, 2019 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 April 17, 2019 • End market volatility due to macroeconomic environment is creating short term industry uncertainty while memory customers digest capacity additions and logic customers ramp their new leading edge nodes • Long term growth opportunity remains drive
Slide 5: Business summary
Public Slide 5 April 17, 2019 Business summary
Slide 6: Q1 results summary
Q1 results summary Public Slide 6 April 17, 2019 • Net sales of € 2,229 million, net systems sales valued at € 1,689 million, Installed Base Management* sales of € 540 million • Gross margin of 41.6% • Operating margin of 15.0% • Net income as a percentage of net sales of 15.9% • Net bookings of € 1
Slide 7: Net system sales breakdown in value
Net system sales breakdown in value Public Slide 7 April 17, 2019 Q1’19 total value € 1,689 million Q4’18 total value € 2,424 million
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 8 April 17, 2019 Installed Base Management Logic Memory As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers presented above have not been adjusted to reflect the
Slide 9: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 9 April 17, 2019 Lithography systems Q1’19 total value New Used € 1,399 million Units 32 2 Lithography systems New Used Q4’18 total value Units 43 10 € 1,587 million
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 April 17, 2019 • Proposal submitted to the 2019 AGM to declare a dividend in respect of 2018 of EUR 2.10 per ordinary share. This is a 50% increase versus last year (for a total amount of approximately EUR 0.9 billion) • € 55 million worth of shares has
Slide 11: Outlook
Public Slide 11 April 17, 2019 Outlook
Slide 12: Q2 Outlook
Q2 Outlook Public Slide 12 April 17, 2019 • Q2 2019 net sales between € 2.5 billion and € 2.6 billion ◦ including EUV system revenue of around € 600 million • Gross margin between 41% and 42% • R&D costs of around € 485 million • SG&A costs of around € 125 million • Estimated annualized effective ta
Slide 13: Financial statements
Public Slide 13 April 17, 2019 Financial statements
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 14 April 17, 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Net sales 2,285 2,740 2,776 3,143 2,229 Gross profit 1,113 1,187 1,336 1,393 928 Gross margin % 48.7 43.3 48.1 44.3 41.6 R&D costs (357) (380) (397) (442) (473) SG&A costs (114) (11
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 15 April 17, 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Net income 540 584 680 788 355 Net cash provided by (used in) operating activities 185 754 487 1,646 (481) Net cash provided by (used in) investing activities 188 (57) (239) (383) (
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 16 April 17, 2019 Assets Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Cash & cash equivalents and short-term investments 3,194 2,980 2,948 4,034 3,275 Net accounts receivable and finance receivables 2,025 1,932 2,794 2,384 2,523 Contract assets 12 285 11
Slide 17: Forward looking statements
Forward looking statements Public Slide 17 April 17, 2019 This document contains statements relating to certain projections, business trends and other matters that are forward-looking, including statements with respect to expected trends and outlook, bookings, expected financial results and trends,
Slide 18: S ML
S ML