Slide 1: Q4 Fiscal 2023 Earnings
Q4 Fiscal 2023 Earnings Quarter Ended June 30, 2023 • Reported July 27, 2023 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors and WFE; (ii) future development of regulatory landscape; (iii) our market position for the future; (iv) our forecast of financial m
Slide 3: Semiconductor Industry Demand Environment
Semiconductor Industry Demand Environment Long-Term Secular Drivers Demonstrate Strategic Value of Semiconductors There are many fundamental drivers propelling long-term growth of the Semiconductor industry, underscoring the strategic importance of semiconductors and the semiconductor supply chain.
Slide 4: June Quarter 2023 Business Highlights
June Quarter 2023 Business Highlights KLA’s Consistency Led By Execution and Market Leadership 1 KLA’s market leadership in some of the most critical and fastest growing areas of WFE continues to fuel our growth, and we continue to execute at a high level to meet customer requirements and deliver on
Slide 5: The KLA Operating Model
The KLA Operating Model Consistent Strategy and Execution Application of common processes and discipline Cascades throughout the organization Strong focus on talent development Management By Metrics Culture of performance and accountability Expectation of continuous improvement Superior
Slide 6: June Quarter 2023 Income Statement Highlights
June Quarter 2023 Income Statement Highlights $2,355M 61.2% 38.1% $743M Revenue Gross Margin* Operating Margin* Net Income* $5.40 The Voyager 1035 inspector delivers higher throughput and better sensitivity for lower Diluted EPS* dose inspection of delicate photoresist layers in applications such as
Slide 7: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Q4-FY23: Semi Process Control Revenue % Q4-FY23 ($M) Growth Growth % End Market System Revenue Semiconductor Process Control $2,097 -1% -3% 88% (Systems + Services) 70% Specialty Semiconductor Process $129 +4% 0% 6% (Systems
Slide 8: Breakdown of Revenue by Major Product and Region
Breakdown of Revenue by Major Product and Region Revenue Y/Y Q/Q Q4-FY23 Revenue % Q4-FY23 ($M) Growth Growth % Revenue by Region Wafer $950 -14% -7% 40% Inspection 13% Patterning $585 +19% -4% 25% 21% 6% Specialty $117 +6% +2% 5% Semi Process 18% PCB, Display and $65 -64% -6% 3% 30% Comp. Inspectio
Slide 9: Strong Balance Sheet With No Material Near-Term Maturities
Strong Balance Sheet With No Material Near-Term Maturities Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash2 $ 3,243 Bonds Outstanding $5.95B Moody’s A2 Working Capital $ 4,629 Total Assets $ 14,072 Weighted Average Rate 4.64% S&P A- Debt3 $ 5,891 Weighte
Slide 10: FCF Generation Fuels Consistent Capital Return to Shareholders
FCF Generation Fuels Consistent Capital Return to Shareholders Free Cash Flow 1 and FCF Margin 2 Investment Market $3.3 in Growth and Leadership and $3.0 New Products Differentiated Solutions $2.5 Value $1.8 Creation $1.3 $1.2 32% Capital Returns Strong Margins 30% 31% and FCF 23% 29% to Shareholder
Slide 11: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases 1 Track Record of Dividend Increases June 2022: Announced 13th consecutive annual dividend increase to $1.30/share quarterly from $1.05 (24% increase) 5.20 4.70 4,483 ~$242 ~15% 3.50 3.90 Avg price per share Dividend
Slide 12: Free Cash Flow and Capital Returns Highlights
Free Cash Flow and Capital Returns Highlights $389M $880M June Quarter Share Buyback June Quarter Free Cash Flow* $1,312M LTM Share Buyback1 37% June Quarter FCF Margin* $180M June Quarter Dividends Paid 119% $733M The 8 Series patterned wafer inspection systems detect a wide variety of defect types
Slide 13: Guidance for Q1 FY2024 – September 2023 Quarter
Guidance for Q1 FY2024 – September 2023 Quarter September 2023 Quarter Guidance Macro Assumptions Revenue $2.35B +/- $125M Semi PC Revenue By End Market Foundry/Logic: 70% Non-GAAP 61% +/- 1% Memory: 30% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Expenses*: ~$535M $5.02 +/
Slide 14: Appendix
Appendix Reconciliation of Financial Results
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 16
Slide 17: Reconciliation of Guidance
Reconciliation of Guidance Q1 FY2024 Guidance Range: KLA Non-Confidential | Unrestricted 17
Slide 18: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 18
Slide 19: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 19