Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Investor Day (September 2021)
30 slides from Asml Holding Nv's investor day presentation, Sep 30, 2021
Slide 1: Market drivers, company strategy and creating sustainable value
Market drivers, company strategy and creating sustainable value Peter Wennink President and Chief Executive Officer
Slide 2: Industry megatrends are fueling market growth into the future
Industry megatrends are fueling market growth into the future • 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 • Countries push for technological sovereignty wi
Slide 3: End-market demand, Lithography market, Strategy, Sustainability
End-market demand Lithography market Strategy Sustainability
Slide 4: Global megatrends shaping the connected world
Global megatrends shaping the connected world Slide 4 29 Sept. 2021 5G AI Cloud 5G & ArtificialIntelligentGaming, simulation infrastructure intelligence edge& visualization Sources: Intel, “Engineering the future”, March 23, 2021 / NVIDIA, Investor Day 2021 / AMD, Corporate Presentation 2021 Public
Slide 5: The future will be all about distributed computing
The future will be all about distributed computing Slide 5 29 Sept. 2021 Public network Bringing the cloud closer to devices at the edge Privacy Performance Personalization Cloud Edge cloud On device Private networks Source: Ziad Asghar, Qualcomm, “Qualcomm AI leading the way with distributed intell
Slide 6: The world's transition to 5G is just starting
The world’s transition to 5G is just starting Lower latency, higher bandwidth will enable a connected world Slide 6 29 Sept. 2021 (human-to-machine and machine-to-machine) 10 250 )By 2026, global 5G 9 $ subscriptions are (billion) 8 200(billionestimated to top 3.5 7 5Gbillion with infrastructure 6 1
Slide 7: The electronics industry just keeps going
The electronics industry just keeps going Slide 7 29 Sept. 2021 There are an estimated 40 billion connected devices in use today Roughly 5 for every person on the planet (7.8 billion people) In ten years, this number is expected to grow to 350 billion That’s 41 per person (assuming population growth
Slide 8: ASML operates in an industry value chain with considerable means
ASML operates in an industry value chain that has considerable means, with strong incentives to compete and drive innovation Slide 8 29 Sept. 2021 50 top technology companies in our ecosystem generated $493 billion of EBIT in 2020 ASML AMATLAMTELKLA 4.8 4.63.42.61.7Semi Equipment 19.2 23.75.94.3 3.4
Slide 9: Countries push for "technological sovereignty"
Countries push for “technological sovereignty” Slide 9 29 Sept. 2021 Biden doubles down on a $50 billion plan to invest in chips Fortune (April 2021) EU aims to be independent chip power with 20% global share Nikkei (March 2021) South Korea joins global chipmaking race with $450 billion spending pla
Slide 10: Government funding may boost investments
Government funding may boost investments Beyond industry CapEx of $150B per year, which may lead to cyclicality Slide 10 29 Sept. 2021 $52B $15B$80B US chipmaking and R&D EU Industrial Alliance on Microelectronics China National IC Industry Investment Incentives for semiconductor manufacturing Combi
Slide 11: Semi end markets expected to grow 7% longer-term
Semi end markets expected to grow 7% longer-term Slide 11 Smartphone (B$) Consumer electronics (B$) Personal computing (B$)29 Sept. 2021 +6.7%+2.6% 210+7.8% 116 161 155 98100119 110132 115 144 155 16069102 120109 113 108 106 486466 67 7083 78 93 86 76 87 36 35 43 43 48 15 16 17 18 19 20 21 22 23 24
Slide 12: Translating to growth of wafer demand in all segments
Translating to growth of wafer demand in all segments Slide 12 29 Sept. 2021 2015 20202025CAGR 1.. 7 1.1+9.9% Logic & MPU ( £ 28 nm) 0.5 1.8 1.2 1.4+5.2% DRAM 2.1 1.5 1.6+5.7% NAND million wafer starts/month PCs and laptops Smartphones and tablets ServersAutomotiveConsumer incl. wearablesOther Sourc
Slide 13: Advanced and mature nodes drive investments in wafer capacity
Advanced and mature nodes drive investments in wafer capacity: ~500k wafers/month per year 2020—2025, CAGR >5% Slide 13 29 Sept. 2021 140 • Growing wafer capacity across equiv 120 NANDall market segments drives NANDincreased litho demand 300mm 100 DRAM yr) DRAM• Mature nodes ( ³ 40nm) continue fer/
Slide 14: End-market demand, Lithography market, Strategy, Sustainability
End-market demand • Lithography market Strategy Sustainability 14
Slide 15: Litho market expected to see continued strong growth
Litho market expected to see continued strong growth Market size value worldwide revised upwards Slide 15 29 Sept. 2021 Original (2018) CAGR Revised (2021) CAGR 1997-2010 2010-2017 2017-2025E2017-2025E Semi end markets Expected to show 6.2% 4.9% 4.9%above average growth5.4% Semi CapEx WFE market gro
Slide 16: Capital intensity outlook supports strong semi growth and lithography intensity
Capital intensity* outlook supports strong semi growth and lithography intensity increasing over time Slide 16 29 Sept. 2021 CapEx to support period of strong semi growth Litho growth faster than total WFE 35% 30% Litho/WFE Equipment 30% 25% 25% Other20% 22% intensity 20% CapEx equipment 15% Package
Slide 17: EUV increasing contribution of net system sales
EUV increasing contribution of net system sales Slide 17 29 Sept. 2021 2020 2025 estimate Metrology & Inspection Metrology & Dry Inspection Dry EUV ArFi ArFi EUV Pie size reflects expected revenue growth Source: ASML analysis Public 17
Slide 18: 2025 growth scenarios supported by expansion of capacity and productivity
2025 growth scenarios supported by expansion of capacity and productivity increase of our systems Slide 18 29 Sept. 2021 DUV capacity growth 2020—2025 EUV capacity growth 2020—2025 Number of units Number of units ~1.5x >2x Wafer capacity* Wafer capacity* ~2x >3x Note: excluding refurbished systems &
Slide 19: Semiconductor and equipment demand provide growth opportunity into the next decade
Semiconductor and equipment demand provide growth opportunity into the next decade Slide 19 29 Sept. 2021 Semiconductors versus wafer fab equipment 1200 160 Semiconductors 1000 140 B) Wafer Fab Equipment120 B) $ 800 $ ( 100 ( sales 600 80 sales 400 60 Semi 40 WFE 200 20 0 0 2000 2005 2010 2015202020
Slide 20: End-market demand, Lithography market, Strategy, Sustainability
End-market demand Lithography market • Strategy Sustainability 20
Slide 21: Execution on our strategic priorities since 2018
Execution on our strategic priorities since 2018 Slide 21 29 Sept. 2021 Original ASML strategy (2018) Progress Strengthen Litho+ leadership with in-device metrology •Delivered YieldStar 1375 and 1385 in-device Holistic Litho enabling correction of process induced overlaymetrology and eP5 e-beam metr
Slide 22: ASML's strategic priorities moving forward
ASML’s strategic priorities moving forward Slide 22 29 Sept. 2021 Refreshed ASML Strategy (2021) Plans Strengthen • Enhance execution capabilities to meet customers’ needs•Deliver cost, performance and robustness to customer while delivering on our commitment to sustainabilitymeet customer needs tru
Slide 23: End-market demand, Lithography market, Strategy, Sustainability
End-market demand Lithography market Strategy • Sustainability 23
Slide 24: How we contribute to a digital, sustainable future
How we contribute to a digital, sustainable future Slide 24 29 Sept. 2021 Our Purpose Digital technology helps society book social progress Unlocking the potential of people and society by and can help cut global emissions by 15% in 2030 pushing technology to the new limits. Our Vision We develop li
Slide 25: Our ESG Sustainability strategy focuses on themes
Our ESG Sustainability strategy focuses on 9 themes For long-term stakeholder value creation and contribution to UN SDGs* Slide 25 29 Sept. 2021 Environment 1. Energy Efficiency 2. Circular & Climate Action Economy 3. Attractive 6. Valued 4. Innovation 5. Responsible Social Workplace for Partner for
Slide 26: ASML commits to achieve net zero emissions by 2040
ASML commits to achieve net zero emissions by 2040 in close collaboration with our suppliers and customers Slide 26 29 Sept. 2021 Category Improvement 2020 emissions lever 20202025203020402050 2 & 1 Manufacturing & â–ªReduce energyNet â–ªUse green energy Scope buildings â–ªCompensate emissionszero 0
Slide 27: Rating agencies value ASML's ESG performance
Rating agencies value ASML’s ESG performance Slide 27 29 Sept. 2021 Bottom Top (DJSI) 0 100 81 0 100 84 CCC AAA AAA High Low risk 1risk F A C Source: Latest available scores (2020 or 2021) from respective rating agencies Public 27
Slide 28: Industry megatrends are fueling market growth into the future
Industry megatrends are fueling market growth into the future • 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 • Countries push for technological sovereignty wi
Slide 29: Forward Looking Statements
Forward Looking Statements Slide 29 29 Sept. 2021 This presentation contains statements that are forward-looking, including statements with respect to expected industry and business environment trends including expected growth, outlook and expected financial results, including expected net sales, gr
Slide 30: ASML Small Talk 2021
ASML SMALL TALK 2021 30