Slide 1: ASML 2010 Third Quarter Results
ASML 2010 Third Quarter Results Bookings level confirms strong lithography demand for structural capacity October 13, 2010
Slide 2: Safe Harbor
Safe Harbor "Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average selling pr
Slide 3: Agenda
Agenda Business summary Market ASML business update Outlook and summary
Slide 4: Business summary
Business summary & ASML ly
Slide 5: Q3 results - highlights
Q3 results - highlights Net sales of € 1,176 million, 51 systems shipped valued at € 1,027 million, service revenue at € 149 million Gross margin of 43.6% Operating margin of 27.9% Shipped 23 immersion systems Booked 60 systems, valued at € 1,297 million Backlog increased to € 2,693 million, 110 sys
Slide 6: Total net sales by quarter 2005-2010
2005 2006 2007 2008 2009 2010 Q1 685 629 949 919 183 742 Q2 763 942 930 844 277 1069 Q3 533 958 934 697 555 1176 Q4 548 1053 955 494 581 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596
Slide 7: Net system sales breakdown in value: Q3 2010
Net system sales breakdown in value: Q3 2010 DRAM IDM Foundry NAND R&D East 49 23 17 11 West North End-use Foundry 17% Numbers have been rounded for readers' convenience. Technology ArF immersion 83% ArF dry 1% Taiwan Korea U.S.A Europe Japan Singapore China Stp 32 26 20 0 9 4 9 West North USA 20% K
Slide 8: Consolidated statements of operations
Consolidated statements of operations M€ Numbers have been rounded for readers' convenience.
Slide 9: Key financial trends 2009 - 2010
Key financial trends 2009 - 2010 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.
Slide 10: Cash flows
Cash flows M€ Numbers have been rounded for readers' convenience.
Slide 11: Balance sheets
Balance sheets M€ Numbers have been rounded for readers' convenience.
Slide 12: Backlog details
67 % of backlog or € 1,816 million system sales carry shipment dates in the next 6 months Booked 42 new tools at € 1,232 million, 18 used at € 65 million Note: Due to possible customer changes in delivery schedules and to cancellation of orders, our backlog at any particular date is not necessarily
Slide 13: Backlog: value and litho units
Backlog: value and litho units Backlog Jan 04 Apr 04 Jul 04 Oct 04 Jan 05 Apr 05 Jul 05 Oct 05 Jan 06 Apr 06 Jul 06 Oct 06 Jan 07 Apr 07 Jul 07 Oct 07 Jan 08 Apr 08 Jul 08 Oct 08 Jan 09 4/9/2009 Jul 09 Oct 09 Jan 10 Apr 10 Jul 10 10/10/2010 Backlog value 993 1357 1800 2053 1691 1377 987 1245 1434 15
Slide 14: Backlog in value per 26 September 2010
Korea Taiwan USA Japan Singapore Europe China 14 32 26 7 2 10 9 DRAM IDM Foundry NAND 42 24 21 0 13 0 immersion KrF 1-line ArF dry 84 12 1 3 Backlog in value per 26 September 2010 Total value M€ 2,693 Technology ArF immersion 84% KrF 12% I-Line 1% Region USA 26% Taiwan 32% Korea 14% Europe 10% Japan
Slide 15: Bookings activity by sector
DRAM idm foundry NAND 32 35 23 10 Bookings activity by sector - total value M€ 1,297 DRAM idm foundry NAND 43 22 19 16 Bookings in value Bookings in units IDM 22% Foundry 19% DRAM 43% IDM 35% Foundry 23% DRAM 32% NAND 10% NAND 16% For hybrid memory fabs assuming 75% for DRAM, 25% for NAND
Slide 16: Market
L SM A y ly
Slide 17: Continued node transitions and capacity additions provide litho market growth in 2011
Continued node transitions and manufacturing capacity additions provide litho market growth opportunity in 2011 Analyst growth forecast 2011 Bit growth due to shrink / capacity additions WW litho capex expectations in 2011 vs 2010 DRAM 58% (Bit Growth) 33% / 25% Lower NAND 78% (Bit Growth) 53% / 25%
Slide 18: Strong demand for ASML litho continues
Strong demand for ASML litho continues Reduced expectations in PC sales, slightly higher chip inventories and memory price reductions compensated by: Function rich electronic product mix, driving higher semiconductor content Customer's technology transition trends continue for cost reduction with a
Slide 19: ASML business update
ASML business update yy & ASML
Slide 20: TWINSCAN NXT maturing for volume chip manufacturing
TWINSCAN NXT maturing for volume chip manufacturing Proven industry leading performance of CD imaging uniformity well below 1 nm and overlay of less than 2 nm TWINSCAN NXT in production at several customers Continued high demand for NXT tools with 17 bookings in Q3 and 48 systems in backlog end Q3 A
Slide 21: EUV is moving forward
EUV is moving forward ASML has 4 years of accumulated EUV field experience with 1st generation EUV tools at research institutes in Belgium and the US First 2nd generation EUV NXE:3100 system shipping to a customer production site. 5 additional NXE:3100 systems to ship before mid 2011 3th generation
Slide 22: First EUV TWINSCAN NXE:3100 shipping now
First EUV TWINSCAN NXE:3100 shipping now 16nm node SRAM contact layer exposed on NXE:3100 Cell-size = 0.048?m2
Slide 23: Outlook and summary
Outlook and summary
Slide 24: Q4 2010 outlook
Q4 2010 outlook Net sales expected around € 1.3 billion Gross margin expected around 44% in Q4 R&D is expected at € 140 million net of credits SG&A is expected at € 50 million Q4 bookings levels to exceed Q3 level (Q3 = € 1.3 billion)
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