ASML Holding NV · EURONEXT:ASML
ASML Holding NV — Deutsche Bank Technology Conference 2010
16 slides from ASML Holding NV's conference presentation, Sep 16, 2010
Slide 1: Deutsche Bank Technology Conference
Deutsche Bank Technology Conference Craig DeYoung, VP Investor Relations San Francisco, CA September 16, 2010 / Slide 1
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 General update ASML Business/Market Overview Outlook summary / Slide 3
Slide 4: General update
General update / Slide 4
Slide 5: General update
General update Short term: no change No customer has delayed shipment of any tool Meeting customer demand remains challenging Technology conversions continue in each sector Bit capacity grows while minimal wafer capacity added Medium term: the business may fluctuate Continued urgent demand for tools
Slide 6: ASML business/market overview
ASML business/market overview / Slide 6
Slide 7: Net sales
Total net sales M€ Guidance: 2010 sales to grow 10 - 4500 15% above 4000 historical 3,768 3,582 peak of 3500 € 3.8 billion 955 1,053 2,954 3000 2369 2,529 494 Q4 Net sales 2500 Q3 934 548 697 2000 958 Q2 533 1,596 1500 Q1 930 844 581 1,069 763 942 1000 555 500 949 919 685 629 277 742 183 0 2005 2006
Slide 8: Backlog: Record value with 30% less units, ASP grows 60%+
Backlog: Record value with 30% less units, ASP grows 60%+ vs prior peak backlog, not creating “oversupply” Backlog value Units 3000 300 2500 250 ASP 14.6 ASPs ASP 23.8 Backlog in units Backlog value M€ 2000 200 148 Units 1500 150 101 1000 100 500 50 0 0 Jan 04 Jan 05 Jan 06 Jan 07 Jan 08 Jan 09 Jan
Slide 9: Market overview
Market overview Semiconductor unit growth back to historical trend, “catch up” capacity investments required in all sectors after a long period of slow capacity growth Share of new technology nodes in total semiconductor market accelerating as shrink continues to enable reduced chip cost and increas
Slide 10: Node transitions consume growing numbers of immersion tools
Node transitions consume growing numbers of immersion tools while adding little wafer capacity DRAM NAND 8 8 7 7 Immersion Exposures Immersion Exposures 6 6 5 5 4 4 3 3 2 2 1 1 0 0 Year 2008 2009 2010 2011 Year 2008 2009 2010 2011 Node 8x,6x 6x,5x 5x,4x 4x,3X Node 5x,4x 4x,3x 4x,3x 3x,2x LOGIC MPU 8
Slide 11: Technology transitions continue with capacity additions required in 2011
Technology transitions continue with capacity additions required in 2011 to meet forecasted demand* DRAM NAND 2x nm 6x nm 8x nm – 200 mm 1400 1x nm 5x nm 5x nm – 200 mm 1600 3x nm 8x nm 9x nm – 200 mm 2x nm 6x nm 6x nm – 200 mm 4x nm 9x nm 1XX nm – 200 mm 3x nm 7x nm 7x nm – 200 mm 5x nm Max. capaci
Slide 12: DRAM prices further weakened in August
DRAM DRAM prices further weakened in August Still good margins for all DRAM manufacturers MAIN DRAM SPOT & CONTRACT PRICES (01/2008 - 2010YTD) 1Gb DDR2 800 MHz SPOT PRICE 2.8 1Gb DDR2 800 MHz CONTRACT PRICE 1Gb DDR3 1066 MHz SPOT PRICE 1Gb DDR3 1066 MHzCONTRACT PRICE 2.4 300 mm cash-costs for 6x nm
Slide 13: Technology Leadership - Reinforced
Technology Leadership - Reinforced Immersion Lithography: - Installed Base >160 Systems - leading performance on CD imaging uniformity well below 1 nm and overlay of less than 2 nm -More than 20 NXT installed and producing -38 NXT systems in backlog end Q2 ’10 NXT:1950i EUV: - 6 systems shipping thr
Slide 14: Outlook summary
Outlook summary / Slide 14
Slide 15: Outlook summary
Outlook summary Short term: no change Memory customers continue strategic node shrinks and planned capacity addition to meet long term memory demand As Foundry sector competition heats up; customers shrink to support growing leading edge demand and add capacity for future MPU sector prepares for 22n
Slide 16: / Slide 16
/ Slide 16
ASML Holding — Deutsche Bank Technology Conference 2010 on 6ix