Slide 1: ASML 2011 First Quarter Results
ASML 2011 First Quarter Results Strong first quarter confirms expectation of another record year April 13, 2011
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 selling pr
Slide 3: Agenda
Agenda Business summary Market ASML business update Outlook and summary
Slide 4: Business summary
Business summary & ASML ly
Slide 5: Q1 results - highlights
Q1 results - highlights Net sales of € 1,452 million, 63 systems shipped valued at € 1,284 million, service and field option sales at € 168 million Gross margin of 44.7% Operating margin of 31.0% Net bookings are valued at € 845 million with 40 systems Backlog at € 3,330 million, 134 systems with AS
Slide 6: Net sales by quarter 2006-2011
2006 2007 2008 2009 2010 2011 Q1 629 949 919 183 742 1452 Q2 942 930 844 277 1069 Q3 958 934 697 555 1176 Q4 1053 955 494 581 1521 Total net sales M€ 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596 4,508
Slide 7: Net system sales breakdown in value: Q1 2011
Net system sales breakdown in value: Q1 2011 DRAM NAND Foundry IDM R&D East 21 5 53 21 West North End-use Foundry 53% Numbers have been rounded for readers' convenience. Technology ArF immersion 83% ArF dry 5% Taiwan Korea U.S.A Europe Japan Singapore China Stp 28 16 33 14 0 5 4 West North USA 33% K
Slide 8: Consolidated statements of operations
Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. ..
Slide 9: Key financial trends 2010 - 2011
Key financial trends 2010 - 2011 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience.
Slide 10: Cash flows
Cash flows M€ Numbers have been rounded for readers' convenience.
Slide 11: Balance sheets
Balance sheets M€ Numbers have been rounded for readers' convenience.
Slide 12: Backlog: value and litho units
Backlog: value and litho units Backlog 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 Oct 09 Jan 10 4/10/2010 7/10/2010 10/10/2010 1/1/2011 4/11/2011 Backlog value 1434 1596 1830 2126 2146 2163 1745 1769 1697 1167 1106 1028 755 853 1064 155
Slide 13: Backlog in value per March 27, 2011
Korea Taiwan USA Japan Singapore Europe China 25 17 18 8 13 10 9 DRAM IDM Foundry NAND 27 17 22 0 34 0 immersion KrF 1-line ArF dry 74 19 2 5 Backlog in value per March 27, 2011 Total value M€ 3,330 Technology ArF immersion 74% KrF 19% I-Line 2% Region (ship to location) USA 18% Taiwan 17% Korea 25%
Slide 14: Bookings activity by sector
DRAM idm foundry NAND 23 5 26 46 Foundry 26% DRAM 23% NAND 46% Bookings activity by sector - total value M€ 845 Bookings in value Bookings in units IDM 5% DRAM idm foundry NAND 20 8 25 47 IDM 8% Foundry 25% DRAM 20% NAND 47% Booked 36 new tools at € 832 million, 4 used at € 13 million Numbers have b
Slide 15: Market
L SM A y ly
Slide 16: Business environment
Business environment Q2 order level is estimated at € 900 million - €1 billion Semiconductor manufacturers are showing caution in assessing economic impact of Japanese earthquake on their supply chain and end-product markets Although direct impact to the electronics industry world-wide seems limited
Slide 17: Logic and microprocessor litho opportunity driven by critical litho layers
Logic and microprocessor litho opportunity is driven by a growing number of critical litho layers Source: ASML Marketing (03/11), 300mm wafers only Node 9x,6x 9x, 6x 6x ,4x 6x, 4x 4x, 3x Node 6x, 4x 6x, 4x 4x, 3x 3x, 2x 2x, 1x Add. layers per year Immersion Exposures Average MPU immersion layers Ave
Slide 18: Memory immersion layers keep increasing per node
Also for memory number of immersion layers keeps increasing per node, per year Node 8x, 6x 6x, 5x 5x, 4x 4x, 3x 3x, 2x Node 5x, 4x 4x, 3x 4x, 3x 3x, 2x 2x, 1x Source: ASML Marketing (03/11), 300mm wafers only Average DRAM immersion layers Average DRAM immersion layers Average DRAM immersion layers A
Slide 19: ASML business update
ASML business update yy & ASML
Slide 20: Technology - EUV
Technology - EUV NXE:3100 second generation EUV Three NXE:3100 shipped to date, 3 more to go Progress ongoing to reach target throughput by year end Customer process development started, infrastructure development continues Revenue recognition expected in 2012 NXE:3300 third generation EUV Commitmen
Slide 21: Tax and prepayments
Tax and prepayments Company tax rate structurally down to 12 -15% due to royalty box (IP product content taxed at lower rate) agreement with the Dutch Tax Authorities Cash balance contains customer prepayments of € 863 million for EUV and other programs
Slide 22: Cash return
Cash return Share buy back program in operation 14% of program executed in Q1 4.6 million shares repurchased at an average price of € 30.68 Weekly updates available on ASML's website Dividend proposal submitted to AGM for 2010 of € 0.40 per ordinary share (approx. € 175 million) vs. € 0.20 per share
Slide 23: Outlook and summary
Outlook and summary
Slide 24: Q2 2011 outlook
Q2 2011 outlook Order intake between € 900 million - €1 billion Net sales around € 1.5 billion Gross margin about 45% R&D at € 150 million 5 million increase to strengthen our strategic investments SG&A at € 55 million ASML expects 2011 total revenue clearly above € 5 billion
Slide 25: Slide 25