Slide 1: ASML Fourth Quarter and 2010 Annual Results
/ Slide 1 ASML Fourth Quarter and 2010 Annual Results Record backlog supports a strong 2011 January 19, 2011
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 Market ASML business update Outlook and summary
Slide 4: Business summary
/ Slide 4 Business summary
Slide 5: Q4 results - highlights
/ Slide 5 Q4 results - highlights Net sales of € 1,521 million, 69 systems shipped valued at € 1,313 million, service revenue at € 208 million Gross margin of 45.0% Operating margin of 32.4% Shipped 28 immersion systems Net bookings are valued at € 2,315 million with 117 systems (see slide 12) Backl
Slide 6: Total net sales by quarter 2005-2010
/ Slide 6 2005 2006 2007 2008 2009 2010 Q1 685 629 949 919 183 742 Q2 763 942 930 844 277 1069 Q3 533 958 934 697 555 1176 Q4 548 1053 955 494 581 1521 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596 4,508
Slide 7: Net system sales breakdown in value: Q4 2010
/ Slide 7 Net system sales breakdown in value: Q4 2010 DRAM NAND Foundry IDM R&D East 48 18 30 4 West North End-use Foundry 30% Numbers have been rounded for readers' convenience. Technology ArF immersion 83% ArF dry 9% Taiwan Korea U.S.A Europe Japan Singapore China Stp 38 26 11 4 12 5 4 West North
Slide 8: Consolidated statements of operations
/ Slide 8 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.
Slide 9: Key financial trends 2009 - 2010
/ Slide 9 Key financial trends 2009 - 2010 Consolidated statements of operations M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity. Net bookings value numbers have been adjusted, see slide 12.
Slide 10: Cash flows
/ Slide 10 Cash flows M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.
Slide 11: Balance sheets
/ Slide 11 Balance sheets M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity.
Slide 12: Backlog and bookings to better represent future sales potential
/ Slide 12 Backlog and bookings to better represent future sales potential ASML will report from Q4 2010 full order values which include all contract-committed items that are associated with a system sale Not included in the order book and backlog will still be the separate service and field options
Slide 13: Backlog: value and litho units
/ Slide 13 Backlog: value and litho units Backlog 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 09 Jan 10 Apr 10 Jul 10 10/10/2010 1/1/2011 Backlog value 1691 1377 987 1245 1434 1596 1830 2126 2146 2163 1745
Slide 14: Backlog in value per December 31, 2010
/ Slide 14 Korea Taiwan USA Japan Singapore Europe China 11 23 28 4 13 11 10 DRAM IDM Foundry NAND 27 21 33 0 19 0 immersion KrF 1-line ArF dry 71 22 1 6 Backlog in value per December 31, 2010 Total value M€ 3,856 Technology ArF immersion 71% KrF 22% I-Line 1% Region (ship to location) USA 28% Taiwa
Slide 15: Bookings activity by sector
/ Slide 15 DRAM idm foundry NAND 11 11 50 28 Bookings activity by sector - total value M€ 2,315 DRAM idm foundry NAND 16 6 48 30 Bookings in value Bookings in units IDM 6% Foundry 48% DRAM 16% IDM 11% Foundry 50% DRAM 11% NAND 28% NAND 30% Booked 104 new tools at € 2,250 million, 13 used at € 65 mil
Slide 16: Market
/ Slide 16 Market
Slide 17: All sectors are ramping their new nodes
/ Slide 17 All sectors are ramping their new nodes Wafer starts per node Wafer starts per node Wafer starts per node DRAM NAND Logic MPU ASML estimates
Slide 18: New fab litho opportunity
/ Slide 18 New fab litho opportunity 13 fabs projects representing € 7.0 billion of litho (2011-2012) Publicly announced projects Publicly announced projects
Slide 19: ASML business update
/ Slide 19 ASML business update
Slide 20: Technology - TWINSCAN NXT
/ Slide 20 Technology - TWINSCAN NXT Productivity at specified 175 wafers per hour, 3 nm overlay FlexRay, programmable illuminator, shipping in high volume System production capacity increasing by cycle time improvement and cabin conversions Q4 NXT shipments surpassed Q4 XT immersion for the first t
Slide 21: Technology - EUV
/ Slide 21 Technology - EUV The first NXE:3100 is successfully exposing wafers at a customers manufacturing site Five additional NXE:3100 systems are planned to ship in next several months Orders received for 9 NXE:3300 production systems to be delivered in 2012 EUV is now confirmed to be the most l
Slide 22: Cash return
/ Slide 22 Cash return Announcing a share buy back program of up to € 1 billion executed within a 2 year timeframe Proposed dividend for 2010 of € 0.40 per ordinary share (approx. € 175 million) vs. € 0.20 per share in 2009
Slide 23: Outlook and summary
/ Slide 23 Outlook and summary
Slide 24: Q1 2011 outlook
/ Slide 24 Q1 2011 outlook Net sales expected around € 1.4 billion Gross margin expected between 44% and 45% R&D is expected at € 145 million SG&A is expected at € 55 million Current backlog plus expected Q1 bookings confirm a potential for more than € 5 billion of net sales in 2011
Slide 25: / Slide 25
/ Slide 25