Slide 1: ASML reports €2.4 billion net sales at 45.1% gross margin in Q1
Public ASML reports €2.4 billion net sales at 45.1% gross margin in Q1 Strong order intake and currently no change in demand ASML refrains from guidance due to increased uncertainty in current environment ASML 2020 First-Quarter Veldhoven, the Netherlands April 15, 2020
Slide 2: Agenda
Public Slide 2 April 15, 2020 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 April 15, 2020 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 April 15, 2020 • Long term growth opportunity remains, driven by end markets growth enabled by major innovation in semiconductors • Shrink is a key industry driver supporting innovation and providing long term industry growth • Holistic Lithography enables afford
Slide 5: Business summary
Public Slide 5 April 15, 2020 Business summary
Slide 6: Q1 results summary
Q1 results summary Public Slide 6 April 15, 2020 • Net sales of €2,441 million, net systems sales of €1,584 million, Installed Base Management* sales of €857 million • Gross margin of 45.1% • Operating margin of 17.5% • Net income as a percentage of net sales of 16.0% • Net bookings of €3,085 millio
Slide 7: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Public Slide 7 April 15, 2020 Q1’20 total sales €1,584 million Q4’19 total sales €3,130 million
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 8 April 15, 2020 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 2016 - 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 April 15, 2020 Lithography systems Q1’20 total value New Used €3,085 million Units 72 1 Lithography systems New Used Q4’19 total value Units 57 3 €2,402 million Our systems net bookings include all system sales orders for which written author
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 April 15, 2020 • € 507 million worth of shares has been repurchased in Q1 and no share buyback transactions will be executed in Q2 2020 • Intention to declare a total dividend for 2019 of €2.40 per ordinary share, consisting of: ◦ interim dividend of €1
Slide 11: Outlook
Public Slide 11 April 15, 2020 Outlook
Slide 12: Q2 Outlook
Q2 Outlook Public Slide 12 April 15, 2020 • For this quarter ASML refrains from guidance due to the increased uncertainty in current environment
Slide 13: Financial statements
Public Slide 13 April 15, 2020 Financial statements
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 14 April 15, 2020 Quarter on Quarter Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Net sales 2,229 2,568 2,987 4,036 2,441 Gross profit 928 1,105 1,307 1,940 1,101 Gross margin % 41.6 43.0 43.7 48.1 45.1 R&D costs (473) (487) (493) (516) (544) S
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 15 April 15, 2020 Quarter on Quarter Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Cash and cash equivalents, beginning of period 3,121 2,253 1,661 1,586 3,532 Net cash provided by (used in) operating activities (481) 100 69 3,588 (606) Net cash
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 16 April 15, 2020 Quarter on Quarter Assets Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Cash & cash equivalents and short-term investments 3,275 2,335 2,070 4,718 4,112 Net accounts receivable and finance receivables 2,523 2,664 3,274 2,773 2,857 Contra
Slide 17: Forward looking statements
Forward looking statements Public Slide 17 April 15, 2020 This document contains statements that are forward-looking, including statements with respect to expected trends, bookings, annual revenue opportunity in 2020 and through 2025 and long term growth opportunity, expected trends in end markets,
Slide 18: S ML
S ML