Slide 1: ASML reports €18.6 billion net sales and €5.9 billion net income in 2021
ASML reports €18.6 billion net sales and €5.9 billion net income in 2021 Sales growth of around 20% expected for 2022 ASML 2021 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 19, 2022 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements January 19, 2022 Page 2 Public
Slide 3: Investor key messages
Investor key messages January 19, 2022 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 19, 2022 Page 5 Public
Slide 6: 2021 - Highlights
2021 - Highlights ASML delivered a sales growth of 33%, reflecting the continued strong global demand for a digital infrastructure: • Net sales grew to €18.6 billion at 52.7% gross margin • Net income at €5.9 billion resulted in an EPS of €14.36 Installed Base1: • Our Installed Base business grew ar
Slide 7: Q4 results summary
Q4 results summary • Net sales of €5.0 billion, net systems sales of €3.5 billion, Installed Base Management1 sales of €1.5 billion • Gross margin of 54.2% • Operating margin of 40.7% • Net income as a percentage of net sales of 35.6% • Earnings per share (basic) of €4.39 • Net bookings2 of €7.1 bil
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q4’21 total system sales €3,464 million Q3’21 total system sales €4,111 million January 19, 2022 Page 8 Public
Slide 9: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) 1 2021 total system sales €13,653 million 2020 total system sales €10,317 million 1 2021: Excluding EMEA region which represents negative 1% as we bought back two unused systems previously sold to a customer, which we counted for as a revenue reversal. January 19,
Slide 10: Total net sales € million by End-use
Total net sales € million by End-use Installed Base Management1 Logic Memory As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative 2017 numbers presented above have not been adjusted to reflect these changes in accounting
Slide 11: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Lithography systems Q4’21 total system value New Used €7,050 million Units 182 9 Lithography systems New Used Q3’21 total system value Units 168 10 €6,179 million Our systems net bookings include all system sales orders for which written authorizations have
Slide 12: Capital return to shareholders
Capital return to shareholders • Paid total dividends of €1.4 billion, consisting of FY2020 final dividend and FY2021 interim dividend, and purchased €8.6 billion of shares in 2021 • ASML intends to declare a total dividend in respect of 2021 of €5.50 per ordinary share. Recognizing the interim divi
Slide 13: Outlook
Outlook January 19, 2022 Page 13 Public
Slide 14: Outlook
Outlook Q1 • Net sales between €3.3 billion and €3.5 billion, ◦ including, Installed Base Management1 sales of around €1.2 billion ◦ excluding, revenue shift of approximately €2 billion due to fast shipments to subsequent quarters • Gross margin of around 49% • R&D costs of around €760 million • SG&
Slide 15: Financial Statements
Financial Statements January 19, 2022 Page 15 Public
Slide 16: Consolidated statements of operations € million
Consolidated statements of operations € million Year on Year 2017 2018 2019 2020 2021 Net sales 8,963 10,944 11,820 13,979 18,611 Gross profit 4,020 5,029 5,280 6,798 9,809 Gross margin % 44.9 46.0 44.7 48.6 52.7 Other income 1 96 — — — 214 R&D costs (1,260) (1,576) (1,968) (2,201) (2,547) SG&A cost
Slide 17: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Net sales 4,254 4,364 4,020 5,241 4,986 Gross profit 2,212 2,352 2,045 2,711 2,701 Gross margin % 52.0 53.9 50.9 51.7 54.2 Other income 1 — — — — 214 R&D costs (556) (623) (634) (609) (681) SG&
Slide 18: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Year on Year 2017 2018 2019 2020 2021 Cash and cash equivalents, beginning of period 2,907 2,259 3,121 3,532 6,049 Net cash provided by (used in) operating activities 1,818 3,073 3,276 4,628 10,847 Net cash provided by (used in) investing activities (1
Slide 19: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash and cash equivalents, beginning of period 3,532 6,049 3,244 5,187 4,319 Net cash provided by (used in) operating activities 4,670 (942) 3,569 1,802 6,417 Net cash provided by (used in) inv
Slide 20: Consolidated balance sheets € million
Consolidated balance sheets € million Year on Year Assets 2017 2018 2019 2020 2021 Cash & cash equivalents and short-term investments 3,288 4,034 4,718 7,352 7,590 Net accounts receivable and finance receivables 1,958 2,384 2,773 3,421 4,597 Contract assets 270 96 231 119 165 Inventories, net 2,956
Slide 21: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cash & cash equivalents and short-term investments 7,352 4,656 5,374 4,456 7,590 Net accounts receivable and finance receivables 3,421 4,524 4,426 4,708 4,597 Contract assets 119 107 179 272 165 I
Slide 22: Forward looking statements
Forward looking statements This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology, industry and business environment trends, outlook and expected financial results, including expected net sales,
Slide 23: Public
Public