Slide 1: ASML reports €27.6 billion net sales and €7.8 billion net income in 2023
ASML reports €27.6 billion net sales and €7.8 billion net income in 2023 2024 expected to be a transition year with sales similar to 2023 ASML 2023 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 24, 2024 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements January 24, 2024 Page 2 Public
Slide 3: Investor key messages
Investor key messages January 24, 2024 Page 3 Public
Slide 4: Investor key messages
Investor key messages • 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 • Growth in semiconductor end markets and increasing lithography intensity are driving de
Slide 5: Business summary
Business summary January 24, 2024 Page 5 Public
Slide 6: 2023 - Business summary
2023 - Business summary ASML achieved a sales growth of 30%, reflecting the continued strong global demand for our products: • Net sales grew to €27.6 billion at 51.3% gross margin • Net income at €7.8 billion resulted in an EPS of €19.91 EUV lithography: • EUV system sales grew 30% to €9.1 billion,
Slide 7: Shipped 1st modules of 1st High NA EUV EXE:5000 system
Shipped 1st modules of 1st High NA EUV EXE:5000 system Increased NA enables cost effective shrink with increased transistor density January 24, 2024 Page 7 Public
Slide 8: Q4 results summary
Q4 results summary • Net sales of €7.2 billion, net system sales of €5.7 billion, Installed Base Management1 sales of €1.6 billion • Gross margin of 51.4% • Operating margin2 of 33.1% • Net income as a percentage of net sales of 28.3% • Earnings per share (basic) of €5.21 • Net bookings3 of €9.2 bil
Slide 9: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q4’23 Net system sales €5,683 million Q3’23 Net system sales €5,308 million January 24, 2024 Page 9 Public
Slide 10: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) 2023 Net system sales €21,939 million 2022 Net system sales €15,430 million January 24, 2024 Page 10 Public
Slide 11: Total net sales € million by End-use
Total net sales € million by End-use Installed Base Management1 Logic Memory 1 Installed Base Management equals our net service and field option sales January 24, 2024 Page 11 Public
Slide 12: Net systems bookings activity by End-use
Net systems bookings1 activity by End-use Q4’23 net system bookings €9,186 million Q3’23 net system bookings €2,602 million 1 Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted. January 24, 2024 Page 12 Public
Slide 13: Capital return to shareholders
Capital return to shareholders • ASML intends to declare a total dividend for the year 2023 of €6.10 per ordinary share. An interim dividend of €1.45 per ordinary share will be made payable on February 14, 2024 • Recognizing this (third) interim dividend and the two interim dividends of €1.45 per or
Slide 14: Outlook
Outlook January 24, 2024 Page 14 Public
Slide 15: Outlook
Outlook Q1 • Net sales between €5.0 billion and €5.5 billion, including ◦ Installed Base Management1 sales of around €1.3 billion • Gross margin between 48% and 49% • R&D costs of around €1,070 million • SG&A costs of around €300 million 2024 • Similar net sales with a slightly lower gross margin, r
Slide 16: Financial Statements
Financial Statements January 24, 2024 Page 16 Public
Slide 17: Consolidated statements of operations € million
Consolidated statements of operations € million Year on Year 2019 2020 2021 2022 2023 Net sales 11,820 13,979 18,611 21,173 27,559 Gross profit 5,280 6,798 9,809 10,700 14,136 Gross margin % 44.7 48.6 52.7 50.5 51.3 Other income 1 — — 214 — — R&D costs (1,968) (2,201) (2,547) (3,254) (3,981) SG&A co
Slide 18: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Net sales 6,430 6,746 6,902 6,673 7,237 Gross profit 3,311 3,413 3,544 3,462 3,717 Gross margin % 51.5 50.6 51.3 51.9 51.4 R&D costs (906) (948) (1,000) (992) (1,041) SG&A costs (280) (260) (28
Slide 19: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Year on Year 2019 2020 2021 2022 2023 Cash and cash equivalents, beginning of period 3,121 3,532 6,049 6,952 7,268 Net cash provided by (used in) operating activities 3,276 4,628 10,847 8,487 5,443 Net cash provided by (used in) investing activities (1
Slide 20: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Cash and cash equivalents, beginning of period 3,153 7,268 6,648 6,341 4,976 Net cash provided by (used in) operating activities 5,351 734 385 1,128 3,197 Net cash provided by (used in) investi
Slide 21: Consolidated balance sheets € million
Consolidated balance sheets € million Year on Year Assets 2019 2020 2021 2022 2023 Cash & cash equivalents and short-term investments 4,718 7,352 7,590 7,376 7,010 Net accounts receivable and finance receivables 2,773 3,421 4,597 6,680 5,774 Contract assets 231 119 165 132 240 Inventories, net 3,809
Slide 22: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Cash & cash equivalents and short-term investments 7,376 6,653 6,346 4,981 7,010 Net accounts receivable and finance receivables 6,680 4,862 5,686 5,682 5,774 Contract assets 132 236 193 267 240 I
Slide 23: 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 24: Public
Public