Slide 1: ASML 2024 First-Quarter results
ASML reports €5.3 billion total net sales and €1.2 billion net income in Q1 2024 2024 outlook unchanged ASML 2024 First-Quarter results Veldhoven, the Netherlands April 17, 2024 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements April 17, 2024 Page 2 Public
Slide 3: Investor key messages
Investor key messages April 17, 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 April 17, 2024 Page 5 Public
Slide 6: Q1 results summary
Q1 results summary • Total net sales of €5.3 billion, net system sales of €4.0 billion, Installed Base Management1 sales of €1.3 billion • Gross margin of 51.0% • Operating margin2 of 26.3% • Net income as a percentage of total net sales of 23.1% • Earnings per share (basic) of €3.11 • Net bookings3
Slide 7: Shipped 1st NXE:3800E system
Shipped 1st NXE:3800E system New multiplatform technologies for higher throughput and stability at higher power April 17, 2024 Page 7 Public
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q1’24 Net system sales €3,966 million Q4’23 Net system sales €5,683 million April 17, 2024 Page 8 Public
Slide 9: 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 April 17, 2024 Page 9 Public
Slide 10: Net systems bookings activity by End-use
Net systems bookings1 activity by End-use Q1’24 net system bookings €3,611 million Q4’23 net system bookings €9,186 million 1 Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted. April 17, 2024 Page 10 Public
Slide 11: 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 • Recognizing the three interim dividends of €1.45 per ordinary share paid in 2023 and 2024, this leads to a final dividend proposal to the Annual General Meeting of €1.75 per ordi
Slide 12: Outlook
Outlook April 17, 2024 Page 12 Public
Slide 13: Outlook
Outlook Q2 • Total net sales between €5.7 billion and €6.2 billion, including ◦ Installed Base Management1 sales of around €1.4 billion • Gross margin between 50% and 51% • R&D costs of around €1,070 million • SG&A costs of around €295 million 2024 • Similar total net sales with a slightly lower gro
Slide 14: Financial Statements
Financial Statements April 17, 2024 Page 14 Public
Slide 15: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Total net sales 6,746 6,902 6,673 7,237 5,290 Gross profit 3,413 3,544 3,462 3,717 2,697 Gross margin % 50.6 51.3 51.9 51.4 51.0 R&D costs (948) (1,000) (992) (1,041) (1,032) SG&A costs (260) (
Slide 16: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Cash and cash equivalents, beginning of period 7,268 6,648 6,341 4,976 7,005 Net cash provided by (used in) operating activities 734 385 1,128 3,197 (252) Net cash provided by (used in) investi
Slide 17: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Cash & cash equivalents and short-term investments 6,653 6,346 4,981 7,010 5,406 Net accounts receivable and finance receivables 4,862 5,686 5,682 5,774 5,041 Contract assets 236 193 267 240 303 I
Slide 18: 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 19: Public
Public