Slide 1: ASML 2019 Third-Quarter Results
Public ASML reports € 3.0 billion sales at 43.7% gross margin in Q3 23 EUV orders reiterate customers’ manufacturing plans in Logic and Memory ASML 2019 Third-Quarter Results Veldhoven, the Netherlands October 16, 2019
Slide 2: Agenda
Public Slide 2 October 16, 2019 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 October 16, 2019 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 October 16, 2019 • Current macroeconomic environment creates end market volatility resulting in industry uncertainty. Memory customers continue to digest capacity additions in a weaker demand environment while Logic customers accelerate ramp of their new leading
Slide 5: Business summary
Public Slide 5 October 16, 2019 Business summary
Slide 6: Q3 results summary
Q3 results summary Public Slide 6 October 16, 2019 • Net sales of € 2,987 million, net systems sales of € 2,326 million, Installed Base Management* sales of € 661 million • Gross margin of 43.7% • Operating margin of 23.0% • Net income as a percentage of net sales of 21.0% • Net bookings of € 5,111
Slide 7: Net system sales breakdown
Net system sales breakdown Public Slide 7 October 16, 2019 Q3’19 total sales € 2,326 million Q2’19 total sales € 1,851 million
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 8 October 16, 2019 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 2015 - 2017 presented above have not been adjusted
Slide 9: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 9 October 16, 2019 Lithography systems Q3’19 total value New Used € 5,111 million Units 78 3 Lithography systems New Used Q2’19 total value Units 50 11 € 2,828 million Our systems net bookings include all system sales orders for which written a
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 October 16, 2019 • ASML will start to provide for dividend payments on a semi-annual basis • The interim dividend over 2019 will be € 1.05 per ordinary share and paid in November 2019 • € 154 million worth of shares has been repurchased in Q3 2019 • Thr
Slide 11: Outlook
Public Slide 11 October 16, 2019 Outlook
Slide 12: Q4 Outlook
Q4 Outlook Public Slide 12 October 16, 2019 • Q4 2019 net sales of around € 3.9 billion, including ◦ 8 EUV systems with net system sales of around € 950 million ◦ Installed Base Management sales of around € 850 million • Gross margin between 48% and 49% • R&D costs of around € 500 million • SG&A cos
Slide 13: Financial statements
Public Slide 13 October 16, 2019 Financial statements
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 14 October 16, 2019 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Net sales 2,776 3,143 2,229 2,568 2,987 Gross profit 1,336 1,393 928 1,105 1,307 Gross margin % 48.1 44.3 41.6 43.0 43.7 R&D costs (397) (442) (473) (487) (493) SG&A costs (122) (
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 15 October 16, 2019 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Cash and cash equivalents, beginning of period 2,326 2,203 3,121 2,253 1,661 Net cash provided by (used in) operating activities 487 1,646 (481) 100 69 Net cash provided by (used
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 16 October 16, 2019 Assets Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Cash & cash equivalents and short-term investments 2,948 4,034 3,275 2,335 2,070 Net accounts receivable and finance receivables 2,794 2,384 2,523 2,664 3,274 Contract assets 117 96
Slide 17: Forward looking statements
Forward looking statements Public Slide 17 October 16, 2019 This document contains statements that are forward-looking, including statements with respect to expected trends, outlook, bookings, financial results and effective tax rate, annual revenue opportunity in 2020 and through 2025 and growth op
Slide 18: ASML
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