Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Q4 2020 Earnings Presentation
23 slides from Asml Holding Nv's earnings presentation, Jan 20, 2021
Slide 1: ASML reports €14.0 billion net sales and €3.6 billion net income in 2020
Public ASML reports €14.0 billion net sales and €3.6 billion net income in 2020 Continued growth expected in 2021 due to strong Logic demand and recovery in Memory ASML 2020 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 20, 2021
Slide 2: Agenda
Public Slide 2 January 20, 2021 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 January 20, 2021 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 January 20, 2021 • Shrink is a key industry driver supporting innovation and providing long term industry growth • Holistic Lithography enables affordable shrink and therefore delivers compelling value for our customers • DUV, EUV and Application products are hig
Slide 5: Business summary
Public Slide 5 January 20, 2021 Business summary
Slide 6: 2020 - Highlights
2020 - Highlights Public Slide 6 January 20, 2021 Despite the COVID-19 pandemic ASML delivered a sales growth of 18%, reflecting the strong global demand for a digital infrastructure: • Net sales grew to a record €14.0 billion at 48.6% gross margin • Net income at €3.6 billion resulted in an EPS of
Slide 7: Q4 results summary
Q4 results summary Public Slide 7 January 20, 2021 • Net sales of €4,254 million, net systems sales of €3,198 million, Installed Base Management* sales of €1,056 million • Gross margin of 52.0% • Operating margin of 35.3% • Net income as a percentage of net sales of 31.7% • Net bookings of €4,238 mi
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Public Slide 8 January 20, 2021 Q4’20 total system sales €3,198 million Q3’20 total system sales €3,096 million
Slide 9: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) Public Slide 9 January 20, 2021 2020 total system sales €10,317 million 2019 total system sales €8,996 million
Slide 10: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 10 January 20, 2021 Installed Base Management Logic Memory As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers 2016 - 2017 presented above have not been adjusted
Slide 11: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 11 January 20, 2021 Lithography systems Q4’20 total system value New Used €4,238 million Units 114 9 Lithography systems New Used Q3’20 total system value Units 67 6 €2,868 million Our systems net bookings include all system sales orders for wh
Slide 12: Capital return to shareholders
Capital return to shareholders Public Slide 12 January 20, 2021 • Paid total dividends of €1.1 billion, consisting of FY2019 final dividend and FY2020 interim dividend, and purchased €1.2 billion worth of shares in 2020 • ASML intends to declare a total dividend in respect of 2020 of €2.75 per ordin
Slide 13: Outlook
Public Slide 13 January 20, 2021 Outlook
Slide 14: Q1 Outlook
Q1 Outlook Public Slide 14 January 20, 2021 • Q1 2021 net sales between €3.9 billion and €4.1 billion, including ◦ Installed Base Management sales of around €950 million • Gross margin between 50% and 51% • R&D costs of €620 million • SG&A costs of €165 million • Estimated annualized effective tax r
Slide 15: Financial statements
Public Slide 15 January 20, 2021 Financial statements
Slide 16: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 16 January 20, 2021 Year on Year 2016 2017 2018 2019 2020 Net sales 6,875 8,963 10,944 11,820 13,979 Gross profit 3,145 4,020 5,029 5,280 6,798 Gross margin % 45.7 44.9 46.0 44.7 48.6 Other income 1 94 96 — — — R&D costs (1,106) (1,260) (1
Slide 17: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 17 January 20, 2021 Quarter on Quarter Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Net sales 4,036 2,441 3,326 3,958 4,254 Gross profit 1,940 1,101 1,603 1,881 2,212 Gross margin % 48.1 45.1 48.2 47.5 52.0 R&D costs (516) (544) (567) (534) (55
Slide 18: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 18 January 20, 2021 Year on Year 2016 2017 2018 2019 2020 Cash and cash equivalents, beginning of period 2,459 2,907 2,259 3,121 3,532 Net cash provided by (used in) operating activities 1,666 1,818 3,073 3,276 4,628 Net cash provided by (
Slide 19: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 19 January 20, 2021 Quarter on Quarter Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Cash and cash equivalents, beginning of period 1,586 3,532 2,724 3,499 3,532 Net cash provided by (used in) operating activities 3,588 (606) 372 191 4,670 Net c
Slide 20: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 20 January 20, 2021 Year on Year Assets 2016 2017 2018 2019 2020 Cash & cash equivalents and short-term investments 4,057 3,288 4,034 4,718 7,352 Net accounts receivable and finance receivables 1,145 1,958 2,384 2,773 3,421 Contract assets 149 270 9
Slide 21: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 21 January 20, 2021 Quarter on Quarter Assets Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Cash & cash equivalents and short-term investments 4,718 4,112 4,440 4,408 7,352 Net accounts receivable and finance receivables 2,773 2,857 3,286 4,664 3,421 Cont
Slide 22: Forward looking statements
Forward looking statements Public Slide 22 January 20, 2021 This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology industry and business environment trends, outlook and expected financial result
Slide 23: S ML
S ML