Slide 1: ASML reports €6.7 billion net sales and €1.9 billion net income in Q3 2023
ASML reports €6.7 billion net sales and €1.9 billion net income in Q3 2023 ASML confirms its expectation to grow towards 30% in 2023 ASML 2023 Third-Quarter Veldhoven, the Netherlands October 18, 2023 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements October 18, 2023 Page 2 Public
Slide 3: Investor key messages
Investor key messages October 18, 2023 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 October 18, 2023 Page 5 Public
Slide 6: Q3 results summary
Q3 results summary • Net sales of €6.7 billion, net system sales of €5.3 billion, Installed Base Management1 sales of €1.4 billion • Gross margin of 51.9% • Operating margin2 of 32.7% • Net income as a percentage of net sales of 28.4% • Earnings per share (basic) of €4.81 • Net bookings3 of €2.6 bil
Slide 7: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q3’23 Net system sales €5,308 million Q2’23 Net system sales €5,606 million October 18, 2023 Page 7 Public
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Installed Base Management1 Logic Memory 1 Installed Base Management equals our net service and field option sales October 18, 2023 Page 8 Public
Slide 9: Net systems bookings activity by End-use
Net systems bookings activity by End-use Q3’23 net system sales value €2,602 million Q2’23 net system sales value €4,500 million Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted. October 18, 2023 Page 9 Public
Slide 10: Capital return to shareholders
Capital return to shareholders • In Q3, ASML paid an interim dividend of €1.45 per ordinary share • The second quarterly interim dividend over 2023 will be €1.45 per ordinary share and will be made payable on November 10, 2023 • In Q3 2023 we purchased shares for a total amount of around €100 millio
Slide 11: Outlook
Outlook October 18, 2023 Page 11 Public
Slide 12: Outlook
Outlook Q4 • Net sales between €6.7 billion and €7.1 billion, including ◦ Installed Base Management1 sales of around €1.4 billion • Gross margin between 50% and 51% • R&D costs of around €1,030 million • SG&A costs of around €285 million 2023 • Net sales growth expectation towards 30% with a slight
Slide 13: Financial Statements
Financial Statements October 18, 2023 Page 13 Public
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Net sales 5,778 6,430 6,746 6,902 6,673 Gross profit 2,994 3,311 3,413 3,544 3,462 Gross margin % 51.8 51.5 50.6 51.3 51.9 R&D costs (819) (906) (948) (1,000) (992) SG&A costs (236) (280) (260)
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Cash and cash equivalents, beginning of period 4,097 3,153 7,268 6,648 6,341 Net cash provided by (used in) operating activities 1,170 5,351 734 385 1,128 Net cash provided by (used in) investi
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Cash & cash equivalents and short-term investments 3,363 7,376 6,653 6,346 4,981 Net accounts receivable and finance receivables 7,414 6,680 4,862 5,686 5,682 Contract assets 277 132 236 193 267 I
Slide 17: Forward looking statements
Forward looking statements This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor
Slide 18: Public
Public