Slide 1: Stronger than expected demand drives ASML Q1 sales
Public Stronger than expected demand drives ASML Q1 sales Positive momentum expected to continue throughout 2017 ASML 2017 First-Quarter Results Veldhoven, the Netherlands April 19, 2017
Slide 2: Agenda
Public Slide 2 April 19, 2017 Agenda • Investor key messages • Business highlights • Outlook • EUV highlights • Financial statements
Slide 3: Investor key messages
Public Slide 3 April 19, 2017 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 April 19, 2017 • Shrink is a key industry driver supporting innovation and providing long term industry growth • Lithography enables affordable shrink and therefore delivers compelling value for our customers • EUV will enable continuation of Moore’s Law and will
Slide 5: Business highlights
Public Slide 5 April 19, 2017 Business highlights
Slide 6: Q1 results summary
Q1 results summary Public Slide 6 April 19, 2017 • Net sales of € 1,944 million, net systems sales valued at € 1,216 million, net service and field option sales at € 728 million • Gross margin of 47.6%, including the effects of purchase price allocation adjustment for the HMI acquisition • Operating
Slide 7: Net system sales breakdown in value
Net system sales breakdown in value Public Slide 7 April 19, 2017 Q1’17 total value € 1,216 million Q4’16 total value € 1,289 million As per January 1, 2017, ASML presents net sales with respect to metrology and inspection systems as part of Net system sales instead of Net service and field option s
Slide 8: Total net sales million € by End-use
Total net sales million € by End-use Public Slide 8 April 19, 2017 Installed Base Management (Service and Field options) Foundry IDM Memory YTD As per January 1, 2017, ASML presents net sales with respect to metrology and inspection systems as part of Net system sales instead of Net service and fiel
Slide 9: Bookings activity by sector
Bookings activity by sector Public Slide 9 April 19, 2017 Lithography systems Q1’17 total value New Used € 1,894 million Units 52 3 Lithography systems New Used Q4’16 total value Units 39 5 € 1,580 million As per January 1, 2017 our Net bookings also include metrology and inspection systems Lithogra
Slide 10: System backlog in value
System backlog in value Public Slide 10 April 19, 2017 Q1’17 total value Lithography systems € 4,509 New Used million Units 83 11 Q4’16 total value Lithography systems € 3,961 New Used million Units 70 13 As per January 1, 2017 our System backlog also include metrology and inspection systems Lithogr
Slide 11: Capital return to shareholders
Capital return to shareholders Public Slide 11 April 19, 2017 • Proposal submitted to 2017 Annual General Meeting of Shareholders, which takes place on April 26, to declare a dividend of € 1.20 per ordinary share • Share buyback program is currently paused Proposed dividend Dividend Share buyback pr
Slide 12: Outlook
Public Slide 12 April 19, 2017 Outlook
Slide 13: Outlook
Outlook Public Slide 13 April 19, 2017 • Our guidance for second-quarter: • Q2 2017 net sales between € 1.9 and 2.0 billion ◦ EUV revenue approximately € 200 million • Three NXE:3400B shipments • Gross margin between 43 and 44% • R&D costs of about € 315 million • SG&A costs of about € 100 million •
Slide 14: EUV highlights
Public Slide 14 April 19, 2017 EUV highlights
Slide 15: Commitments to EUV production insertion
Commitments to EUV production insertion Public Slide 15 Initial customer manufacturing targeted for 7 nm logic and mid-10 nm DRAM node April 19, 2017 • 3 additional orders for NXE:3400B systems Customers received in Q1 show commitment to insert EUV in • Backlog now includes 21 EUV systems • Further
Slide 16: NXE:33x0B extendibility / upgradability to NXE:3400B
NXE:33x0B extendibility / upgradability to NXE:3400B Public Slide 16 4 upgrade orders received to date of a total installed base opportunity of 14 systems April 19, 2017 first shipment 2013 2015 2017 NXE:3300B NXE:3350B NXE:3400B resolution 22 nm 16 nm 13 nm productivity ~55 WPH1 ~80 WPH2 ≥ 125 WPH3
Slide 17: Financial statements
Public Slide 17 April 19, 2017 Financial statements
Slide 18: Consolidated statements of operations M€
Consolidated statements of operations M€ Public Slide 18 April 19, 2017 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Net sales 1,333 1,740 1,815 1,907 1,944 Gross profit 568 741 834 901 925 Gross margin % 42.6% 42.6% 46.0% 47.2% 47.6% Other income 1 23 23 23 23 24 R&D costs (275) (270) (273) (287) (315)
Slide 19: Consolidated statements of Cash flows M€
Consolidated statements of Cash flows M€ Public Slide 19 April 19, 2017 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Net income 198 354 396 524 452 Net cash provided by (used in) operating activities (6) 481 (3) 1,193 (168) Net cash provided by (used in) investing activities (183) (24) (484) (2,498) 150
Slide 20: Consolidated Balance sheets M€
Consolidated Balance sheets M€ Public Slide 20 April 19, 2017 Assets Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Cash & cash equivalents and short-term investments 3,138 2,926 4,313 4,057 3,836 Net accounts receivable and finance receivables 1,302 1,362 1,593 1,264 1,426 Inventories, net 2,750 2,715 2,6
Slide 21: Forward looking statements
Public Forward looking statements Slide 21 April 19, 2017 This document contains statements relating to certain projections and business trends that are forward-looking, including statements with respect to expected trends and outlook, including expected customer insertion of EUV in volume manufactu
Slide 22: S ML
S ML