Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — JP Morgan 34th Annual Technology Conference 2006
14 slides from Asml Holding Nv's conference presentation, Jul 13, 2006
Slide 1: JP Morgan 34th Annual Technology Conference
JP Morgan 34 th Annual Technology Conference San Francisco – May 23, 2006 Eric Meurice, CEO Exhibit 99.7
Slide 2: Safe Harbor
Safe Harbor “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: the matters discussed in this presentation may include forward-looking statements that are subject to risks and uncertainties including, but not limited to: economic conditions, product demand and se
Slide 3: Mid-Term Market Update
Mid-Term Market Update
Slide 4: Semiconductor Units history and forecast
Semiconductor Units history and forecast 2006 Semiconductor consensus growth forecast at +11% 25% -21% 14% 9% 18% 4% 11% Source: ASML MCC
Slide 5: IC unit sales and inventory
IC unit sales and inventory Steady demand - inventory under control Source: WSTS, VLSI Research, ASML Last data point: March 2006
Slide 6: Litho Bookings and Billings as % of Semiconductor Revenue
Litho Bookings and Billings as % of Semiconductor Revenue Relative spending on Litho increasing Source: SEMI, WSTS, ASML Last data point: March 2006
Slide 7: Growth from Multiple independent Segments
Growth from Multiple independent Segments Each Segment with its own investment cycle Flash shrink - 12 to 15 month investment cycle DRAM – closely follows Flash investment cycle Foundries represent classic supply/demand cycle Moore’s law, 18 to 24 months - invest for new product development - volume
Slide 8: Market Status Summary
Market Status Summary Market players remain cautious: Inventory/Utilization under evaluation Industry shows sign of maturing as swings are smaller in amplitude and length Wide range of customers are hitting capacity limits Ordering production capacity tools including used Utilization rates at approx
Slide 9: Market Status Summary (Cont.) new fab projects under construction
Market Status Summary (Cont.) 26 new fab projects under construction: 9 Flash fabs 6 other Memory fabs 11 Foundry or IDM fabs Immersion enabling 55 nm/45 nm next generation node for early 2007 production ramp: Flash next generation High integration/complexity Logic designs LEADING TO A STRONG BOOKIN
Slide 10: Long-Term Trajectory
Long-Term Trajectory
Slide 11: Company focus
Company focus Execution on Technology – Cost – Leadtime Execute on Leadership: Volume production ramp of the TWINSCAN XT:1700i, hyper NA tool for 45 nm node: 20 - 25 tools to ship in 2006 2 EUV alpha tools mid 2006 R&D investment increased to sustain 1 node/year Execute on cost of goods reduction: I
Slide 12: ASML's opportunity window: natural growth potential towards 4-5 B €
Natural growth potential towards 4-5 B € range ASML’s opportunity window ASML Secular Growth model Source: Average of Dataquest, VLSI Research and ASML fab based model Average WW litho sales ASML’s potential Status quo
Slide 13: ASML is well positioned for value generation
ASML is well positioned for value generation Growth Target of 70% market share Potential to double top line in 5 years (reference 2005) Profitability Track record of last 8 quarters - average 17.1% EBIT margin Liquidity Average M €79 cash generation from operations in last 8 quarters
Slide 14: Commitment
Commitment
Asml Holding — JP Morgan 34th Annual Technology Conference 2006 on 6ix