Slide 1: ASML 2024 Fourth-Quarter and Full-Year results
ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024 2025 total net sales expected to be between €30 billion and €35 billion ASML 2024 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 29, 2025
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements January 29, 2025 Page 2 Public
Slide 3: Investor key messages
Investor key messages January 29, 2025 Page 3
Slide 4: Investor key messages
Investor key messages • The semiconductor industry remains strong, driven by artificial intelligence adoption across an expanding applications space and is expected to surpass $1 trillion in revenue by 2030 • The industry will require major innovations to address AI power consumption and cost challe
Slide 5: Business summary
Business summary January 29, 2025 Page 5
Slide 6: Q4 results summary
Q4 results summary Q4 2024 Total net sales €9.3 billion Net system sales €7.1 billion Installed Base Management1 sales €2.1 billion Gross Margin 51.7% Operating margin2 36.2% Net income as a percentage of total net sales 29.1% Earnings per share (basic) €6.85 Net bookings3 €7.1 billion of which EUV
Slide 7: 2024 - Business summary
2024 - Business summary ASML: • Total net sales of €28.3 billion at 51.3% gross margin • Net income at €7.6 billion resulted in an EPS of €19.25 • Returned €3.0 billion to shareholders through dividends and share buybacks EUV lithography: • EUV system sales reduced 9% to €8.3 billion, recognized rev
Slide 8: First NXT:2150i immersion system shipped
First NXT:2150i immersion system shipped Provides productivity and overlay improvement January 29, 2025 Page 8 Public
Slide 9: First NXT:870B KrF system shipped
First NXT:870B KrF system shipped The NXT:870B will build on and extend the NXT platform to ≥400 WpH January 29, 2025 Page 9 Public
Slide 10: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Technology End-Use Region (ship to location) Sales in lithography ArF Dry 2% Japan 10% units KrF 9% I-line 2% 52 Q4’24 Metrology & Memory Net system sales ArFi Inspection 4% 39% China 39 41% USA 27% €7,116 million 28% 21 Logic 14 EUV 42% 61% 6 South Korea 25% T
Slide 11: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) Technology End-Use Region (ship to location) Sales in lithography ArF Dry 4% units KrF 9% Japan 4% I-line 2% 2024 Rest of Asia 1% 152 China 129 Net system sales Memory 41% EMEA 5% ArFi Metrology & €21,769 million 44% Inspection 3% 39% 65 USA 17% 44 EUV Logic 28 38
Slide 12: Total Net Sales (€, in millions)
Total net sales by End-use 30,000 28,263 27,559 25,000 5,620 6,494 Total Net Sales (€, in millions) 21,173 20,000 18,611 Installed Base 5,743 Management1 4,958 15,000 13,979 13,195 Logic 15,985 3,662 Memory 10,000 9,977 9,589 7,393 5,000 8,574 5,453 5,954 2,924 4,064 0 2020 2021 2022 2023 2024 1 Ins
Slide 13: Net systems bookings activity by End-use (Quarterly)
Net systems bookings1 activity by End-use (Quarterly) Memory Q4’24 net system bookings Logic 39% €7,088 million 61% Q3’24 net system bookings Logic €2,633 million 45% Memory 55% 1 Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have be
Slide 14: Cash return to shareholders
Cash return to shareholders • ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share. An interim dividend of €1.52 per ordinary share will be made payable on February 19, 2025 • Recognizing this (third) interim dividend and the two interim dividends of €1.52 per ordin
Slide 15: Outlook
Outlook January 29, 2025 Page 15
Slide 16: Outlook
Outlook Q1 2025 Total net sales between €7.5 billion and €8.0 billion of which Installed Base Management1 sales around €2.1 billion Gross margin between 52% and 53% R&D costs around €1,140 million SG&A costs around €290 million FY 2025 Total net sales between €30 billion and €35 billion Gross margin
Slide 17: Financial Statements
Financial Statements January 29, 2025 Page 17
Slide 18: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Total net sales 7,237 5,290 6,243 7,467 9,263 Gross profit 3,717 2,697 3,212 3,793 4,790 Gross margin % 51.4 51.0 51.5 50.8 51.7 R&D costs (1,041) (1,032) (1,101) (1,055) (1,116) SG&A costs (28
Slide 19: Consolidated statements of operations € million
Consolidated statements of operations € million Year on Year 2020 2021 2022 2023 2024 Total net sales 13,979 18,611 21,173 27,559 28,263 Gross profit 6,798 9,809 10,700 14,136 14,492 Gross margin % 48.6 52.7 50.5 51.3 51.3 Other income 1 — 214 — — — R&D costs (2,201) (2,547) (3,254) (3,981) (4,304)
Slide 20: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Cash and cash equivalents, beginning of period 4,976 7,005 5,101 4,814 4,979 Net cash provided by (used in) operating activities 3,197 (252) 924 950 9,545 Net cash provided by (used in) investi
Slide 21: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Year on Year 2020 2021 2022 2023 2024 Cash and cash equivalents, beginning of period 3,532 6,049 6,952 7,268 7,005 Net cash provided by (used in) operating activities 4,628 10,847 8,487 5,443 11,166 Net cash provided by (used in) investing activities (
Slide 22: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter End Assets Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Cash & cash equivalents and short-term investments 7,010 5,406 5,019 4,985 12,741 Accounts receivable and finance receivables, net 5,774 5,041 5,517 6,171 4,877 Contract assets 240 303 435 554 321 Invent
Slide 23: Consolidated balance sheets € million
Consolidated balance sheets € million Year End Assets 2020 2021 2022 2023 2024 Cash & cash equivalents and short-term investments 7,352 7,590 7,376 7,010 12,741 Accounts receivable and finance receivables, net 3,421 4,597 6,680 5,774 4,877 Contract assets 119 165 132 240 321 Inventories, net 4,569 5
Slide 24: 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 the semiconductor
Slide 25: ASML
ASML