Slide 1: ASML 2009 Second Quarter Results
ASML 2009 Second Quarter Results Semiconductor industry resumes technology transition purchases July 15, 2009
Slide 2: Safe Harbor
Safe Harbor "Safe Harbor" Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document may include forward-looking statements, including statements made about our outlook, realization of backlog, IC unit demand, financial results, average sales pric
Slide 3: Agenda
Agenda Business summary ASML business update Outlook and summary
Slide 4: Business summary
Business’ W & ASML Y
Slide 5: Q2 results
Q2 results Net sales of € 277 million, 10 systems shipped valued at € 183 million, service revenue at € 94 million Average selling price for new systems shipped is € 31.1 million Gross Margin of 12.5% Shipped 6 immersion systems including 2 used Booked net 15 systems, valued at € 394 million Backlog
Slide 6: Total net sales by quarter 2003-2009
2003 2004 2005 2006 2007 2008 2009 Q1 318 453 685 629 949 919 184 Q2 329 616 763 942 930 844 277 Q3 370 611 533 958 934 697 Q4 526 785 548 1053 955 494 Total net sales M€ 1,543 2,465 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954
Slide 7: Net system sales breakdown in value: Q2 2009
Net system sales breakdown in value: Q2 2009 Memory Foundry IDM R&D East 58 23 18 West North End-use Foundry 23% IDM 77% Numbers have been rounded for readers' convenience Technology KrF ArF dry ArF immersion I line East 9 89 2 West North i-Line 2% ArF immersion 89% ArF dry 9% Singapore U.S.A Europe
Slide 8: Consolidated statement of operations
Numbers have been rounded for readers' convenience. Consolidated statement of operations M€
Slide 9: Key financial trends 2008 - 2009
Key financial trends 2008 - 2009 Consolidated statement of operations M€ Numbers have been rounded for readers' convenience.
Slide 10: Cash flow
Cash flow M€ Numbers have been rounded for readers' convenience.
Slide 11: Balance sheet as of June 28th, 2009
Balance sheet as of June 28th, 2009 M€ Numbers have been rounded for readers' convenience.
Slide 12: Backlog as of June 28th, 2009
59% of backlog or € 627 million system sales carry H2 2009 shipment dates Booked 14 new tools at € 416 million, 5 used at € 49 million and debooked 4 tools at € 71 million Note: Due to possible customer changes in delivery schedules and to cancellation of orders, our backlog at any particular date i
Slide 13: Backlog: value and litho units
Backlog: value and litho units Backlog Jan 03 39541 Jul 03 Oct 03 Jan 04 Apr 04 Jul 04 Oct 04 Jan 05 Apr 05 Jul 05 Oct 05 Jan 06 Apr 06 Jul 06 Oct 06 Jan 07 Apr 07 Jul 07 Oct 07 Jan 08 Apr 08 Jul 08 Oct 08 Jan 09 4/9/2009 Jul 09 Backlog value 1030 870 678 859 993 1357 1800 2053 1691 1377 987 1245 14
Slide 14: Backlog lithography in value per June 28th, 2009
Taiwan Europe Singapore Korea USA Japan China 19 8 8 16 18 22 9 memory IDM Foundry 64 23 13 0 0 0 immersion KrF 1-line ArF dry 91 6 1 2 Backlog lithography in value per June 28th, 2009 Total value M€ 1,064 Technology i-Line 1% ArF immersion 91% KrF 6% ArF dry 2% Region USA 18% Taiwan 19% Korea 16% E
Slide 15: ASML business update
ASML business update Wy sos “ ASML
Slide 16: Solid financial position
Solid financial position Generated cash from operations € 71 million Net cash flow impacted by Dividend payment of € 86 million Investments of € 43 million primarily in the new EUV / NXT factory which is now complete Cash & cash equivalents above our minimum target of € 1 billion
Slide 17: Improving company's break-even point
Improving company's break-even point ASML manages towards a break-even level at € 450 million of sales by the end of 2009 Maintaining these focuses: Continuation of all strategic R&D programs EUV, double patterning NXT and holistic lithography in line with customer roadmaps Maintain production capab
Slide 18: Committed to R&D
Committed to R&D New product introduction on track Continued investment in strategically important development programs to ensure timely introduction of next node production capability TWINSCAN NXT for printing 32 nm and beyond, designed for high throughput of more than 200 wafers per hour with extr
Slide 19: ASML Holistic Lithography adds value to customers operations
ASML Holistic Lithography adds value to customers operations Holistic Lithography is the intelligent integration wafer lithography, computational lithography and process control Holistic Lithography leverages increased and improved data integration to provide more control, better performance and hig
Slide 20: ASML well positioned to benefit from 2010 business opportunities in immersion
ASML well positioned to benefit from 2010 business opportunities in immersion In 2010 high growth drivers in consumer products are expected to be personal computers and mobile phones consuming advanced semiconductor chips DRAM Advanced DDR3 memory chips require shrink towards the 4x nm node for chip
Slide 21: ASML well positioned to benefit from 2010 business opportunities in immersion (continued)
ASML well positioned to benefit from 2010 business opportunities in immersion (continued) Logic/Foundry Advanced graphics processors and wireless chips require a shift towards the 40/45nm node Again a combination of XT and NXT products are needed for additional leading edge capacity MPU Leading manu
Slide 22: Outlook and summary
Outlook and summary
Slide 23: Q3 2009 outlook
Q3 2009 outlook ASML expects net sales around € 450 million Gross margin expected of about 30% R&D is expected at € 115 million net of credit SG&A is expected at € 39 million Cash balance during H2 of 2009 will be moderately below our € 1 billion target as we prepare for the ramp of the first NXT an
Slide 24: Summary
Summary Bookings of € 394 million in Q2 signal a return to a more typical rate of technology transition investments We expect average quarterly sales ranging between € 400 - 500 million until a recovery of semiconductor unit growth - - even if limited - contributes to a restart of capacity buys As w
Slide 25: Outlook
Outlook We booked a net of 15 systems worth € 394 million in the quarter, signaling a return to a more typical rate of technology transition investments. We expect this pattern of technology transitions to result in minimum quarterly net sales of between € 400 million and € 500 million on average fo
Slide 26: Slide 26