Slide 1: ASML 2018 First-Quarter Results
Public Strong DUV demand drives solid Q1 results and confirms positive outlook for 2018 Multiple EUV orders, including High-NA, demonstrate further adoption of EUV technology ASML 2018 First-Quarter Results Veldhoven, the Netherlands April 18, 2018
Slide 2: Agenda
Public Slide 2 April 18, 2018 Agenda • Investor key messages • Business highlights • Outlook • Product highlights • Financial statements
Slide 3: Investor key messages
Public Slide 3 April 18, 2018 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 April 18, 2018 • 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 18, 2018 Business highlights
Slide 6: Q1 results summary
Q1 results summary Public Slide 6 April 18, 2018 • Net sales of € 2,285 million, net systems sales valued at € 1,668 million, Installed Base Management sales at € 617 million • Gross margin of 48.7% • Operating margin of 28.1% • Net income as a percentage of net sales of 23.6% • Net bookings of € 2,
Slide 7: Net system sales breakdown in value
Net system sales breakdown in value Public Slide 7 April 18, 2018 Q1’18 total value € 1,668 million Q4’17 total value € 1,955 million - Lithography systems do not include metrology and inspection systems - Logic equals our Foundry and IDM sales - As of January 1, 2018, ASML has adopted the new Reven
Slide 8: Total net sales million € by End-use
Total net sales million € by End-use Public Slide 8 April 18, 2018 Installed Base Management Logic Memory - Installed Base Management equals our service and field option sales - Logic equals our Foundry and IDM sales - As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC
Slide 9: Bookings activity by End-use
Bookings activity by End-use Public Slide 9 April 18, 2018 Lithography systems Q1’18 total value New Used € 2,442 million Units 55 7 Lithography systems New Used Q4’17 total value Units 68 7 € 2,935 million - Lithography systems do not include metrology and inspection systems - Logic equals our Foun
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 April 18, 2018 • Proposal submitted to 2018 Annual General Meeting of Shareholders to pay a dividend of € 1.40 per ordinary share, for a total of around € 600 million, in respect of fiscal year 2017 • € 170 million worth of shares has been repurchased i
Slide 11: Outlook
Public Slide 11 April 18, 2018 Outlook
Slide 12: Q2 Outlook
Q2 Outlook Public Slide 12 April 18, 2018 • Q2 2018 net sales between € 2.5 billion and € 2.6 billion ◦ Including EUV revenue around € 600 million • Gross margin around 43% • R&D costs of about € 375 million • SG&A costs of about € 115 million • Effective annualized tax rate around 14%
Slide 13: Product highlights
Public Slide 13 April 18, 2018 Product highlights
Slide 14: EUV commitment to volume manufacturing continues
EUV commitment to volume manufacturing continues Public Slide 14 April 18, 2018 • 3 EUV systems shipped in Q1, 1 shipment in progress, 1 revenue recognized Customers • Received 9 EUV orders in Q1 commitment to insert EUV • In addition, received 4 High-NA orders for R&D in volume manufacturing by sys
Slide 15: Continuing progress on our EUV productivity roadmap
Continuing progress on our EUV productivity roadmap Public Slide 15 April 18, 2018 NXE:3400B Acceptance Test Procedures (ATP) test: 26x33mm2, 96 fields, 20mJ/cm2
Slide 16: High-NA commitment secures lithography roadmap beyond the next decade
High-NA commitment secures lithography roadmap Public Slide 16 beyond the next decade April 18, 2018 • Extension of EUV with High-NA lithography enables the IC industry to continue to drive down cost per function by improving imaging, overlay and productivity ◦ NA (numerical aperture) of the new opt
Slide 17: Applications Product Highlights
Applications Product Highlights Public Slide 17 April 18, 2018 • Initial ePfm5 customer evaluation data shows significant measurement cycle time reductions • Shipped our first YS:1375 for In Device Measurement • First 3x3 multi-beam images captured on proof of concept system • YieldStar metrology sy
Slide 18: Multi-beam enables further throughput scaling
Multi-beam enables further throughput scaling Public Slide 18 First 3x3 multi-beam image captured, ~9x increase in throughput capability April 18, 2018 1 2 3 1 9x 4 5 6 7 8 9 Surface inspected by 1 beam Surface inspected by 9 beams Demonstrated 9 uniform images beam number
Slide 19: YieldStar metrology system growth further accelerates with memory adoption
YieldStar metrology system growth further accelerates Public Slide 19 with memory adoption April 18, 2018 2017 shipments 2013 shipments
Slide 20: Financial statements
Public Slide 20 April 18, 2018 Financial statements
Slide 21: Consolidated statements of operations M€
Consolidated statements of operations M€ Public Slide 21 April 18, 2018 Q1 2017 1 Q2 2017 1 Q3 2017 1 Q4 2017 1 Q1 2018 Net sales 1,944 2,101 2,447 2,561 2,285 Gross profit 925 946 1,050 1,156 1,113 Gross margin % 47.6 45.0 42.9 45.2 48.7 Other income 2 24 24 24 24 — R&D costs (315) (313) (315) (317
Slide 22: Consolidated statements of Cash flows M€
Consolidated statements of Cash flows M€ Public Slide 22 April 18, 2018 Q1 2017 1 Q2 2017 1 Q3 2017 1 Q4 2017 1 Q1 2018 Net income 452 466 557 644 540 Net cash provided by (used in) operating activities (168) 530 400 1,037 191 Net cash provided by (used in) investing activities 150 (754) (72) (533)
Slide 23: Consolidated Balance sheets M€
Consolidated Balance sheets M€ Public Slide 23 April 18, 2018 Assets Q1 2017 1 Q2 2017 1 Q3 2017 1 Q4 2017 1 Q1 2018 Cash & cash equivalents and short-term investments 3,836 2,514 2,678 3,288 3,194 Net accounts receivable and finance receivables 1,426 1,758 2,066 2,096 2,025 Contract assets — — — —
Slide 24: Forward looking statements
Forward looking statements Public Slide 24 April 18, 2018 This document contains statements relating to certain projections, business trends and other matters that are forward-looking, including statements with respect to expected trends and outlook, bookings, expected financial results and trends,
Slide 25: S ML
S ML