Slide 1: ASML reports €6.7 billion net sales and €2.0 billion net income in Q1 2023
ASML reports €6.7 billion net sales and €2.0 billion net income in Q1 2023 Sales growth expectations for 2023 unchanged ASML 2023 First-Quarter Veldhoven, the Netherlands April 19, 2023 Confidential
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements April 19, 2023 Page 2 Confidential
Slide 3: Investor key messages
Investor key messages April 19, 2023 Page 3 Confidential
Slide 4: Investor key messages
Investor key messages • Global megatrends in the electronics industry, supported by a highly profitable and fiercely innovative ecosystem, are expected to continue to fuel growth across the semiconductor market • Growth in semiconductor end markets and increasing lithography intensity are driving de
Slide 5: Business summary
Business summary April 19, 2023 Page 5 Confidential
Slide 6: Q1 results summary
Q1 results summary • Net sales of €6.7 billion, net system sales of €5.3 billion, Installed Base Management1 sales of €1.4 billion • Gross margin of 50.6% • Operating margin2 of 32.7% • Net income as a percentage of net sales of 29.0% • Earnings per share (basic) of €4.96 • Net bookings3 of €3.8 bil
Slide 7: Q1 product highlights
Q1 product highlights • We shipped the first NXT:1980Fi immersion system. The NXT:1980Fi is a mid-critical, high productivity immersion scanner with key performance upgrades to help our customers boost their capacity • In support of the mature market segment, ASML is expanding its i-line portfolio w
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q1’23 Net system sales €5,342 million Q4’22 Net system sales €4,748 million April 19, 2023 Page 8 Confidential
Slide 9: Total net sales € million by End-use
Total net sales € million by End-use Installed Base Management1 Logic Memory 1 Installed Base Management equals our net service and field option sales April 19, 2023 Page 9 Confidential
Slide 10: Net systems bookings activity by End-use
Net systems bookings activity by End-use Q1’23 net system sales value €3,752 million Q4’22 net system sales value €6,316 million Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted. April 19, 2023 Page 10 Confidential
Slide 11: Capital return to shareholders
Capital return to shareholders • ASML intends to declare a total dividend for the year 2022 of €5.80 per ordinary share • Recognizing the three interim dividends of €1.37 per ordinary share each paid in 2022 and 2023, this leads to a final dividend proposal to the General Meeting of €1.69 per ordina
Slide 12: Outlook
Outlook April 19, 2023 Page 12 Confidential
Slide 13: Outlook
Outlook Q2 • Net sales between €6.5 billion and €7.0 billion, including ◦ Installed Base Management1 sales of around €1.3 billion • Gross margin between 50% and 51% • R&D costs of around €990 million • SG&A costs of around €275 million 2023 • Expected net sales growth of more than 25% with a slight
Slide 14: Financial Statements
Financial Statements April 19, 2023 Page 14 Confidential
Slide 15: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Net sales 3,534 5,431 5,778 6,430 6,746 Gross profit 1,731 2,665 2,994 3,311 3,413 Gross margin % 49.0 49.1 51.8 51.5 50.6 R&D costs (739) (789) (819) (906) (948) SG&A costs (208) (222) (236) (
Slide 16: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Cash and cash equivalents, beginning of period 6,952 4,324 4,097 3,153 7,268 Net cash provided by (used in) operating activities (586) 2,553 1,170 5,351 734 Net cash provided by (used in) inves
Slide 17: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Cash & cash equivalents and short-term investments 4,723 4,402 3,363 7,376 6,653 Net accounts receivable and finance receivables 4,954 6,610 7,414 6,680 4,862 Contract assets 371 270 277 132 236 I
Slide 18: Forward looking statements
Forward looking statements This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in semiconductor end
Slide 19: Confidential
Confidential