Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Cheuvreux Pan-European Management New York Conference 2009
28 slides from Asml Holding Nv's conference presentation, Nov 19, 2009
Slide 1: Cheuvreux Pan-European Management New York Conference
/ Slide 1 Cheuvreux Pan-European Management New York Conference Craig DeYoung - VP Investor Relations and Corporate Communications New York, New York November 11, 2009
Slide 2: Safe Harbor
/ Slide 2 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
Slide 3: Agenda
/ Slide 3 Agenda Business summary ASML business update ASML's Technology Outlook and summary
Slide 4: Business Summary
Business Summary, & ASML Uy
Slide 5: Q3 Results
/ Slide 5 Q3 Results Net sales of € 555 million, 24 systems shipped valued at € 459 million, service revenue at € 96 million Average selling price for new systems shipped is € 23.4 million Gross Margin of 34.4% Shipped 13 immersion systems including 2 used Booked net 35 systems, valued at € 777 mill
Slide 6: Net Sales by Quarter
/ Slide 6 2003 2004 2005 2006 2007 2008 2009 Q1 318 453 685 629 949 919 184 Q2 329 616 763 942 930 844 277 Q3 370 611 533 958 934 697 555 Q4 526 785 548 1053 955 494 Total Net Sales M€ 1,543 2,465 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954
Slide 7: Historical Revenue Trend
/ Slide 7 0 200000 400000 600000 800000 1000000 1200000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2002 2003 2004 2005 2006 2007 2008 2009 Revenue (K Euro) service sales system sales Historical Revenue Trend Economic Crisis Drives Sales lower than ty
Slide 8: Key Financial Trends 2008 - 2009
/ Slide 8 Key Financial Trends 2008 - 2009 Consolidated statement of operations M€ Numbers have been rounded for readers' convenience.
Slide 9: Backlog: Value and Litho Units
/ Slide 9 Backlog: Value and Litho Units Backlog Jan 03 39541 Jul 03 Oct 03 Jan 04 Apr 04 Jul 04 Oct 04 Jan 05 Apr 05 Jul 05 Oct 05 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 08 Backlog value 1030 870 678 859 993 1357 1800 2053 1691
Slide 10: Immersion Drives Higher ASP
/ Slide 10 Immersion Drives Higher ASP Technology Transition requires increased number of Immersion units Immersion drives ASPs over 30M Euro End Q3 Backlog contains 37 Immersion tools
Slide 11: Backlog Lithography in Value
/ Slide 11 Taiwan Europe Singapore Korea USA Japan China 19 8 4 33 16 17 memory IDM Foundry 60 23 17 0 0 0 immersion KrF 1-line ArF dry 89 7 4 Backlog Lithography in Value per September 27, 2009 Total value M€ 1,353 Technology ArF immersion 89% KrF 7% ArF dry 4% Region USA 16% Taiwan 23% Korea 33% E
Slide 12: ASML Business Update
/ Slide 12 ASML Business Update
Slide 13: Technology Conversions Continue
/ Slide 13 Technology Conversions Continue - minimal wafer capacity added Sales doubled from Q2 due to demand for advanced technology from: DRAM customers introducing new memory devices Foundry ramping 40nm products Memory customers buy new immersion tools to support manufacturing of the next node (
Slide 14: Q3 Bookings Activity by Sector
/ Slide 14 Q3 Bookings Activity by Sector Q3 bookings are predominantly from DRAM and Foundry sectors in support of process shrinks NAND order activity negligible foundry idm memory 24 14 62 foundry idm memory 14 7 14 Bookings in value Bookings in units IDM 14% Foundry 24% Memory 62% IDM 20% Foundry
Slide 15: Cash Position Remains Solid
/ Slide 15 Cash Position Remains Solid Q3 cash & cash equivalents at € 1.018 billion remain above our target of € 1 billion even as we invest in working capital to prepare for sales growth as a result of: Stringent cost control Products sold out of inventory Net cash used in operations in Q3 is € 65
Slide 16: ASML's Technology
/ Slide 16 ASML's Technology
Slide 17: Chip Makers Want Shrink to Continue
/ Slide 17 Resolution, "Shrink" (nm) 100 80 60 40 30 20 50 200 DRAM (working memory in PC's) '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 Year of production start* *Process development 1.5 ~ 2 years in advance. '15 Logic (microprocessors, the "brains" of PC's) NAND Flash (special memory, used
Slide 18: First TWINSCAN NXT:1950i Shipped in Q3
/ Slide 18 For double patterning 30 nm and smaller Productivity more than 175 wafers per hour Overlay less than 3 nm First TWINSCAN NXT:1950i Shipped in Q3 as Planned
Slide 19: EUV - Challenges Abound
/ Slide 19 EUV - Challenges Abound Machine design changes Mirror optics and wafers in vacuum Moving stages in vacuum Completely new type of light source
Slide 20: EUV Schematic System Overview
/ Slide 20 EUV Schematic System Overview Proven Technology XT systems New Technology Lens Reticle Reticle Wafer stage Wafer Source Reticle
Slide 21: New Technologies, New Things to Think About
/ Slide 21 How do you exchange wafer in and out of vacuum? New Technologies, New Things to Think About How do you hold a wafer on a vacuum wafertable.... in a vacuum? How do you reduce your reticle image with a new lens system? How do you remove heat from a vacuum system? How do you prevent particle
Slide 22: EUV Lithography: Getting the Light Through
/ Slide 22 EUV Lithography: Getting the Light Through 0.3nm scattering Mirror Mirror Mirror Flatness: 1mm over 1000 km Only 68% of the light will reflect from every mirror (maximum = 72%) 30cm
Slide 23: EUV Lithography: Positioning of the Light
/ Slide 23 EUV Lithography: Positioning of the Light Design examples Overlay tolerance mirror: 0,1 nm Focus tolerance mirror: 25 nm Mirror positioning 0,03 nm 385000 km EUV mirror system
Slide 24: EUV Summary
/ Slide 24 EUV Summary 2 Alpha tools in field since 2007 All major issues well understood as work progresses 5 Pilot Production tools to ship starting H2 2010 Imaging roadmap to <11nm
Slide 25: Outlook and Summary
/ Slide 25 Outlook and Summary
Slide 26: Q4 2009 Outlook
/ Slide 26 Q4 2009 Outlook Net sales expected around € 550 million (about 37% GM) OPEX € 152 million for the quarter Q4 2009 orders expected to be at least of similar value as Q3 2009
Slide 27: Summary
/ Slide 27 Summary Customer factory utilizations at leading edge are high with limited excess inventory build and little wafer capacity additions taking place Bookings in Q3 reflecting accelerated technology investments in DRAM and Foundry after 9 months of very low capital spending Q4 order intake
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/ Slide 28
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