Slide 1: ASML exceeds €9 billion net sales and €2 billion net income in 2017
Public ASML exceeds € 9 billion net sales and € 2 billion net income in 2017 Continued solid growth of sales and profitability expected in 2018 2018-2019 share buyback program announced of € 2.5 billion, proposes 17% dividend increase ASML 2017 Fourth-Quarter Results Veldhoven, the Netherlands Janua
Slide 2: Agenda
Public Slide 2 January 17, 2018 Agenda • Investor key messages • Business highlights • Outlook • Product highlights • Financial statements
Slide 3: Investor key messages
Public Slide 3 January 17, 2018 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 January 17, 2018 • Shrink is a key industry driver supporting innovation and providing long term industry growth • Lithography enables affordable shrink and therefore delivers compelling value for our customers • EUV will enable continuation of Moore’s Law and wi
Slide 5: Business highlights
Public Slide 5 January 17, 2018 Business highlights
Slide 6: 2017 - highlights
2017 - highlights Public Slide 6 January 17, 2018 • Net sales grew 33% to a record € 9.05 billion at 45.0% gross margin • Net income grew 44% to a record € 2.12 billion resulting in an EPS of € 4.93 • Installed Base management sales grew more than 25% to a record € 2.68 billion • EUV lithography: de
Slide 7: Q4 results summary
Q4 results summary Public Slide 7 January 17, 2018 • Net sales of € 2,561 million, net systems sales valued at € 1,955 million, Installed Base Management sales at € 606 million • Gross margin of 45.2% • Operating margin of 29.3% • Net bookings of € 2,935 million • Backlog at € 6,685 million, includi
Slide 8: Net system sales breakdown in value
Net system sales breakdown in value Public Slide 8 January 17, 2018 Q4’17 total value € 1,955 million Q3’17 total value € 1,819 million Lithography systems do not include metrology and inspection systems
Slide 9: Total net sales by End-use
Total net sales million € by End-use Public Slide 9 January 17, 2018 Installed Base Management Foundry IDM Memory Installed Base Management equals our service and field option sales
Slide 10: Bookings activity by sector
Bookings activity by sector Public Slide 10 January 17, 2018 Lithography systems Q4’17 total value New Used € 2,935 million Units 68 7 Lithography systems New Used Q3’17 total value Units 65 5 € 2,154 million Lithography systems do not include metrology and inspection systems Net bookings is calcula
Slide 11: System backlog in value
System backlog in value Public Slide 11 January 17, 2018 Q4’17 total value Lithography systems € 6,685 New Used million Units 129 11 Q3’17 total value Lithography systems € 5,693 New Used million Units 110 12 Lithography systems do not include metrology and inspection systems Systems backlog is calc
Slide 12: Capital return to shareholders
Capital return to shareholders Public Slide 12 January 17, 2018 • Paid € 517 million dividend and purchased € 500 million worth of shares in 2017 • Propose to 2018 Annual General Meeting of Shareholders to declare a dividend of € 1.40 per ordinary share • Announce new share buyback program for 2018-
Slide 13: Outlook
Public Slide 13 January 17, 2018 Outlook
Slide 14: Q1 Outlook
Q1 Outlook Public Slide 14 January 17, 2018 • Q1 2018 net sales around € 2.2 billion ◦ EUV revenue approximately € 150 million • Gross margin between 47 and 48% • R&D costs of about € 350 million • SG&A costs of about € 115 million • Effective annualized tax rate around 14%
Slide 15: Product highlights
Public Slide 15 January 17, 2018 Product highlights
Slide 16: EUV shipments ramp in support of customers' production plans
EUV shipments ramp in support of customers' Public Slide 16 production plans January 17, 2018 • 4 EUV systems shipped in Q4, 5 recognized in revenue Customers • Of the 12 EUV shipments planned in 2017, we shipped show commitment to insert EUV in 10 during the year, 1 shipment is in progress, 1 volum
Slide 17: Financial statements
Public Slide 17 January 17, 2018 Financial statements
Slide 18: Consolidated statements of operations M€
Consolidated statements of operations M€ Public Slide 18 January 17, 2018 2013 2014 2015 2016 2017 Net sales 5,245 5,856 6,287 6,795 9,053 Gross profit 2,177 2,596 2,896 3,044 4,077 Gross margin % 41.5 44.3 46.1 44.8 45.0 Other income 1 64 81 83 94 96 R&D costs (882) (1,074) (1,068) (1,106) (1,260)
Slide 19: Consolidated statements of operations M€
Consolidated statements of operations M€ Public Slide 19 January 17, 2018 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Net sales 1,907 1,944 2,101 2,447 2,561 Gross profit 901 925 946 1,050 1,156 Gross margin % 47.2 47.6 45.0 42.9 45.2 Other income 1 23 24 24 24 24 R&D costs (287) (315) (313) (315) (317)
Slide 20: Consolidated statements of Cash flows M€
Consolidated statements of Cash flows M€ Public Slide 20 January 17, 2018 2013 2014 2015 2016 2017 Net income 1,016 1,197 1,387 1,472 2,119 Net cash provided by (used in) operating activities 1,054 1,025 2,026 1,666 1,799 Net cash provided by (used in) investing activities (368) (16) (1,160) (3,188)
Slide 21: Consolidated statements of Cash flows M€
Consolidated statements of Cash flows M€ Public Slide 21 January 17, 2018 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Net income 524 452 466 557 644 Net cash provided by (used in) operating activities 1,193 (168) 530 400 1,037 Net cash provided by (used in) investing activities (2,498) 150 (754) (72) (5
Slide 22: Consolidated Balance sheets M€
Consolidated Balance sheets M€ Public Slide 22 January 17, 2018 Assets 2013 2014 2015 2016 2017 Cash & cash equivalents and short-term investments 3,011 2,754 3,409 4,057 3,288 Net accounts receivable and finance receivables 1,175 1,304 1,208 1,264 2,096 Inventories, net 2,393 2,550 2,574 2,781 2,95
Slide 23: Consolidated Balance sheets M€
Consolidated Balance sheets M€ Public Slide 23 January 17, 2018 Assets Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Cash & cash equivalents and short-term investments 4,057 3,836 2,514 2,678 3,288 Net accounts receivable and finance receivables 1,264 1,426 1,758 2,066 2,096 Inventories, net 2,781 2,996 3
Slide 24: Forward looking statements
Forward looking statements Public Slide 24 January 17, 2018 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, systems backlog, expected financial results and
Slide 25: S ML
S ML