Slide 1: ASML reports €21.2 billion net sales and €5.6 billion net income in 2022
ASML reports €21.2 billion net sales and €5.6 billion net income in 2022 Despite challenging environment, continued strong sales growth expected in 2023 ASML 2022 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 25, 2023 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements January 25, 2023 Page 2 Public
Slide 3: Investor key messages
Investor key messages January 25, 2023 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 25, 2023 Page 5 Public
Slide 6: 2022 - Highlights
2022 - Highlights ASML achieved a sales growth of 14%, reflecting the continued strong global demand for our products: • Net sales grew to €21.2 billion at 50.5% gross margin • Net income at €5.6 billion resulted in an EPS of €14.14 EUV lithography: • EUV system sales grew 12% to €7.0 billion, recog
Slide 7: Q4 results summary
Q4 results summary • Net sales of €6.4 billion, net system sales of €4.7 billion, Installed Base Management1 sales of €1.7 billion • Gross margin of 51.5% • Operating margin2 of 33.0% • Net income as a percentage of net sales of 28.2% • Earnings per share (basic) of €4.60 • Net bookings3 of €6.3 bil
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q4’22 Net system sales €4,748 million Q3’22 Net system sales €4,255 million January 25, 2023 Page 8 Public
Slide 9: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) 2022 Net system sales €15,430 million 2021 Net system sales €13,653 million January 25, 2023 Page 9 Public
Slide 10: 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 25, 2023 Page 10 Public
Slide 11: Net systems bookings activity by End-use
Net systems bookings activity by End-use Q4’22 net system sales value €6,316 million Q3’22 net system sales value €8,920 million Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted. January 25, 2023 Page 11 Public
Slide 12: Capital return to shareholders
Capital return to shareholders • ASML intends to declare a total dividend for the year 2022 of €5.80 per ordinary share. An interim dividend of €1.37 per ordinary share will be made payable on February 15, 2023 • Recognizing this (third) interim dividend and the two interim dividends of €1.37 per or
Slide 13: Outlook
Outlook January 25, 2023 Page 13 Public
Slide 14: Outlook
Outlook Q1 • Net sales between €6.1 billion and €6.5 billion, including ◦ Installed Base Management1 sales of around €1.5 billion • Gross margin between 49% and 50% • R&D costs of around €965 million • SG&A costs of around €285 million 2023 • Expected net sales growth of more than 25% with a slight
Slide 15: Financial Statements
Financial Statements January 25, 2023 Page 15 Public
Slide 16: Consolidated statements of operations € million (Year on Year)
Consolidated statements of operations € million Year on Year 2018 2019 2020 2021 2022 Net sales 10,944 11,820 13,979 18,611 21,173 Gross profit 5,029 5,280 6,798 9,809 10,700 Gross margin % 46.0 44.7 48.6 52.7 50.5 Other income 1 — — — 214 — R&D costs (1,576) (1,968) (2,201) (2,547) (3,254) SG&A cos
Slide 17: Consolidated statements of operations € million (Quarter on Quarter)
Consolidated statements of operations € million Quarter on Quarter Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Net sales 4,986 3,534 5,431 5,778 6,430 Gross profit 2,701 1,731 2,665 2,994 3,311 Gross margin % 54.2 49.0 49.1 51.8 51.5 Other income 1 214 — — — — R&D costs (681) (739) (789) (819) (906) SG&
Slide 18: Consolidated statements of cash flows € million (Year on Year)
Consolidated statements of cash flows € million Year on Year 2018 2019 2020 2021 2022 Cash and cash equivalents, beginning of period 2,259 3,121 3,532 6,049 6,952 Net cash provided by (used in) operating activities 3,073 3,276 4,628 10,847 8,487 Net cash provided by (used in) investing activities (4
Slide 19: Consolidated statements of cash flows € million (Quarter on Quarter)
Consolidated statements of cash flows € million Quarter on Quarter Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Cash and cash equivalents, beginning of period 4,319 6,952 4,324 4,097 3,153 Net cash provided by (used in) operating activities 6,417 (586) 2,553 1,170 5,351 Net cash provided by (used in) inv
Slide 20: Consolidated balance sheets € million (Year on Year)
Consolidated balance sheets € million Year on Year Assets 2018 2019 2020 2021 2022 Cash & cash equivalents and short-term investments 4,034 4,718 7,352 7,590 7,376 Net accounts receivable and finance receivables 2,384 2,773 3,421 4,597 6,680 Contract assets 96 231 119 165 132 Inventories, net 3,440
Slide 21: Consolidated balance sheets € million (Quarter on Quarter)
Consolidated balance sheets € million Quarter on Quarter Assets Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Cash & cash equivalents and short-term investments 7,590 4,723 4,402 3,363 7,376 Net accounts receivable and finance receivables 4,597 4,954 6,610 7,414 6,680 Contract assets 165 371 270 277 132 I
Slide 22: 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 semiconductor end
Slide 23: Appendix
Appendix Reconciliation Normalized Revenue (as included in the Interview with Peter Wennink and related Video Transcript) Q1 2022 Q2 2022 Q3 2022 Q4 2022 FY 2022 Total Net Sales €3.5 billion €5.4 billion €5.8 billion €6.4 billion €21.2 billion Net Deferred Revenue1 from Fast Shipment2 €1.4 billion €
Slide 24: Public
Public