Slide 1: ASML reports EUR 2.6 billion sales at 43.0% gross margin in Q2
Public ASML reports EUR 2.6 billion sales at 43.0% gross margin in Q2 Stronger Logic compensates for Memory weakness; 2019 total sales view unchanged ASML 2019 Second-Quarter Results Veldhoven, the Netherlands July 17, 2019
Slide 2: Agenda
Public Slide 2 July 17, 2019 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 July 17, 2019 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 July 17, 2019 • Current macroeconomic environment creates end market volatility resulting in industry uncertainty. Memory customers continue to digest capacity additions in a weaker demand environment while logic customers accelerate ramp of their new leading edg
Slide 5: Business summary
Public Slide 5 July 17, 2019 Business summary
Slide 6: Q2 results summary
Q2 results summary Public Slide 6 July 17, 2019 • Net sales of € 2,568 million, net systems sales of € 1,851 million, Installed Base Management* sales of € 717 million • Gross margin of 43.0% • Operating margin of 19.2% • Net income as a percentage of net sales of 18.5% • Net bookings of € 2,828 mil
Slide 7: Net system sales breakdown
Net system sales breakdown Public Slide 7 July 17, 2019 Q2’19 total sales € 1,851 million Q1’19 total sales € 1,689 million
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 8 July 17, 2019 Installed Base Management Logic Memory As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative numbers 2015 - 2017 presented above have not been adjusted to
Slide 9: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 9 July 17, 2019 Lithography systems Q2’19 total value New Used € 2,828 million Units 50 11 Lithography systems New Used Q1’19 total value Units 32 2 € 1,399 million
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 July 17, 2019 • ASML paid € 884 million in dividend or € 2.10 per ordinary share in Q2 • € 15 million worth of shares has been repurchased in Q2 • Around € 1.3 billion of the 2018/2019 share buyback program remaining Dividend Share buyback 2010 YTD The
Slide 11: Outlook
Public Slide 11 July 17, 2019 Outlook
Slide 12: Q3 Outlook
Q3 Outlook Public Slide 12 July 17, 2019 • Q3 2019 net sales of around € 3.0 billion, including ◦ 7 EUV systems with a net system sales of around € 750 million ◦ Installed Base Management sales of around € 700 million • Gross margin between 43% and 44% • R&D costs of around € 495 million • SG&A cost
Slide 13: Financial statements
Public Slide 13 July 17, 2019 Financial statements
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 14 July 17, 2019 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Net sales 2,740 2,776 3,143 2,229 2,568 Gross profit 1,187 1,336 1,393 928 1,105 Gross margin % 43.3 48.1 44.3 41.6 43.0 R&D costs (380) (397) (442) (473) (487) SG&A costs (117) (122
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 15 July 17, 2019 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Net income 584 680 788 355 476 Net cash provided by (used in) operating activities 754 487 1,646 (481) 100 Net cash provided by (used in) investing activities (57) (239) (383) (342)
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 16 July 17, 2019 Assets Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Cash & cash equivalents and short-term investments 2,980 2,948 4,034 3,275 2,335 Net accounts receivable and finance receivables 1,932 2,794 2,384 2,523 2,664 Contract assets 285 117 96
Slide 17: Forward looking statements
Forward looking statements Public Slide 17 July 17, 2019 This document contains statements that are forward-looking, including statements with respect to expected trends, outlook, bookings, financial results and effective tax rate, annual revenue opportunity in 2020 and through 2025 and growth oppor
Slide 18: S ML
S ML