Slide 1: Q1 Fiscal 2025 Earnings
Q1 Fiscal 2025 Earnings Quarter Ended September 30, 2024 • Reported October 30, 2024 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this letter other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors and WFE; (ii) our market position for the future and future growth in demand for our products; (iii) our forecast of financial measures fo
Slide 3: 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 4: September Quarter 2024 Income Statement Highlights
September Quarter 2024 Income Statement Highlights $2.84B 61.2% 41.5% $988M Revenue Gross Margin* Operating Margin* Net Income* (Right) The KLA 295x Series or $7.33 “GEN4” is the industry-standard Non-GAAP Diluted EPS for inline monitoring. It pairs sensitivity with optical wafer defect inspection s
Slide 5: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Q1-FY25: Semi Process Control Q1-FY25 ($M) Growth % Growth % Revenue % End Market System Revenue 1 Semiconductor Process Control $2,575 +21% +12% 90% (Systems + Services) 80% Specialty Semiconductor Process $129 +1% +6% 5% (
Slide 6: Breakdown of Revenue by Major Product and Regions
Breakdown of Revenue by Major Product and Regions Revenue Y/Y Q/Q Q1-FY25 Q1-FY25 ($M) Growth % Growth % Revenue % Revenue by Region Wafer $1,369 +36% +17% 48% Inspection 16% 18% Patterning $577 +6% +6% 20% 8% 5% Specialty $113 +1% +7% 4% Semi Process 7% PCB and Component $73 +2% -2% 3% 4% Inspectio
Slide 7: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash2 $ 4,630 Bonds Outstanding $6.70B Moody’s A2 Working Capital $ 5,430 Weighted Average Total Assets $ 15,682 4.67% S&P A- Interest Rate Debt3 $ 6,631 Weighted Average 17
Slide 8: 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 Leadership and $3.2 $3.2 in Growth and $3.0 New Products Differentiated Solutions $2.5 Value $1.8 Creation $1.3 $1.2 33% Capital Returns Strong Margins 31% 31% 30% to Shareholders and F
Slide 9: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases 1 Track Record of Dividend Increases September 2024: Announced 15th consecutive annual dividend increase, up 17% to $1.70/share from $1.45/share 6.80 4,483 ~$306 ~15% 4.70 5.35 Avg price per share Dividend CAGR 3.90 s
Slide 10: Free Cash Flow and Capital Return Highlights
Free Cash Flow and Capital Return Highlights $567M $935M September Quarter Share Buyback September Quarter Free Cash Flow* $1,848M LTM Share Buyback 33% September Quarter FCF Margin* $198M September Quarter Dividends Paid 95% September Quarter FCF Conversion* (Above) The latest-generation Archer ove
Slide 11: Guidance for Q2 FY2025 – December 2024 Quarter
Guidance for Q2 FY2025 – December 2024 Quarter December 2024 Quarter Guidance Macro Assumptions Revenue $2.95B +/- $150M Semi PC Revenue By End Market Foundry/Logic: 76% Non-GAAP 61.5% +/- 1% Memory: 24% DRAM 76% | NAND 24% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Expe
Slide 12: Appendix
Appendix Reconciliation of Financial Results
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 13
Slide 14: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 14
Slide 15: Reconciliation of Guidance
Reconciliation of Guidance Q2 FY2025 Guidance Range: KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 16
Slide 17: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 17