Slide 1: Q4 Fiscal 2024 Earnings
Q4 Fiscal 2024 Earnings Quarter Ended June 30, 2024 • Reported July 24, 2024 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this letter other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors and WFE; (ii) our market position for the future and timing for the resumption of growth in demand for our products; (iii) our forecast of
Slide 3: Celebrating 40 Years of Broadband Plasma (BBP) Innovation
Celebrating 40 Years of Broadband Plasma (BBP) Innovation Ye a r 1984 1990s early-2000s late-2000s 2012 – Present 2016 - Present Product KLA 2020 21xx Series 23xx Series 28xx Series 29xx Series ( G e n 4 ) 39xx Series ( G e n 5 ) Impact Revolutionized Inspection Moved Inspection Inline Elevated Yiel
Slide 4: The KLA Operating Model
The KLA Operating Model Consistent Strategy and Execution Application of common processes and discipline Cascades throughout the organization Strong focus on talent development Management By Metrics Culture of performance and accountability Expectation of continuous improvement Superior
Slide 5: June Quarter 2024 Income Statement Highlights
June Quarter 2024 Income Statement Highlights $2.57B 62.5% 41.0% $893M Revenue Gross Margin* Operating Margin* Net Income* (Right) Super Resolution Broadband Plasma Patterned $6.60 Wafer Defect Inspection Diluted EPS* System The 3935 broadband plasma BBP defect inspection system supports wafer-level
Slide 6: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Q4-FY24: Semi Process Control Q4-FY24 ($M) Growth % Growth % Revenue % End Market System Revenue 1 Semiconductor Process Control $2,308 +10% +10% 90% 82% (Systems + Services) Specialty Semiconductor Process $121 -6% -7% 5% (
Slide 7: Breakdown of Revenue by Major Product and Regions
Breakdown of Revenue by Major Product and Regions Revenue Y/Y Q/Q Q4-FY24 Q4-FY24 ($M) Growth % Growth % Revenue % Revenue by Region Wafer $1,169 +23% +18% 46% Inspection 12% Patterning $542 -7% +1% 21% 20% 5% Specialty $106 -10% -9% 4% 7% Semi Process PCB and Component 7% $74 +14% +9% 3% Inspection
Slide 8: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash2 $ 4,504 Bonds Outstanding $6.70B Moody’s A2 Working Capital $ 5,370 Weighted Average Total Assets $ 15,434 4.67% S&P A- Interest Rate Debt3 $ 6,630 Weighted Average 17
Slide 9: FCF Generation Fuels Consistent Capital Return to Shareholders
FCF Generation Fuels Consistent Capital Return to Shareholders Free Cash Flow 1 and FCF Margin 2 Investment Market Leadership and $3.2 in Growth and $3.0 $3.0 New Products Differentiated Solutions $2.5 Value $1.8 Creation $1.3 $1.2 33% Capital Returns Strong Margins 30% 31% 31% and FCF 23% 29% to Sh
Slide 10: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases 1 Track Record of Dividend Increases September 2023: Announced 14th consecutive annual dividend increase, up 12% to $1.45/share from $1.30/share 5.80 5.35 4,483 ~$296 ~15% 3.90 4.70 Avg price per share Dividend CAGR 3
Slide 11: Free Cash Flow and Capital Return Highlights
Free Cash Flow and Capital Return Highlights $470M $832M June Quarter Share Buyback June Quarter Free Cash Flow* $1,735M LTM Share Buyback 32% June Quarter FCF Margin* $198M June Quarter Dividends Paid 93% (Above) The 8935 high productivity patterned wafer inspection system detects a wide variety of
Slide 12: Guidance for Q1 FY2025 – September 2024 Quarter
Guidance for Q1 FY2025 – September 2024 Quarter September 2024 Quarter Guidance Macro Assumptions Revenue $2.75B +/- $150M Semi PC Revenue By End Market Foundry/Logic: 80% Non-GAAP 61.5% +/- 1% Memory: 20% DRAM 83% | NAND 17% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Ex
Slide 13: Appendix
Appendix Reconciliation of Financial Results
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 14
Slide 15: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Guidance
Reconciliation of Guidance Q1 FY2025 Guidance Range: KLA Non-Confidential | Unrestricted 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 17
Slide 18: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 18