Slide 1: ASML 2010 First Quarter Results
/ Slide 1 ASML 2010 First Quarter Results Sustained bookings indicate potential record revenues in 2010 April 14, 2010
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
Business summary\ & ASML “yy
Slide 5: Q1 results - highlights
/ Slide 5 Q1 results - highlights Net sales of € 742 million, 34 systems shipped valued at € 632 million, service revenue at € 110 million Average selling price for new systems shipped is € 25.8 million Gross Margin of 40.3% Shipped 17 immersion systems Booked 50 systems, valued at € 1,004 million B
Slide 6: Total net sales by quarter
/ Slide 6 2005 2006 2007 2008 2009 2010 Q1 685 629 949 919 183 742 Q2 763 942 930 844 277 Q3 533 958 934 697 555 Q4 548 1053 955 494 581 Total net sales M€ 2,529 3,582 3,768 Numbers have been rounded for readers' convenience. 2,954 1,596
Slide 7: Net system sales breakdown in value: Q1 2010
/ Slide 7 Net system sales breakdown in value: Q1 2010 Memory Foundry IDM R&D East 78 21 1 West North End-use Foundry 21% Numbers have been rounded for readers' convenience Technology ArF immersion 83% ArF dry 5% Taiwan Korea U.S.A Japan Singapore China Stp 34 54 5 4 2 1 West North USA 5% Korea 54%
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
Slide 10: Cash flow
/ Slide 10 Cash flow M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity
Slide 11: Balance sheet as of March 28, 2010
/ Slide 11 Balance sheet as of March 28, 2010 M€ Numbers have been rounded for readers' convenience. Numbers have been adjusted for consolidation of variable interest entity
Slide 12: Backlog as of March 28, 2010
/ Slide 12 76% of backlog or € 1,654 million system sales carry shipment dates in the next 6 months Booked 33 new tools at € 930 million, 17 used at € 74 million Note: Due to possible customer changes in delivery schedules and to cancellation of orders, our backlog at any particular date is not nece
Slide 13: Backlog: value and litho units
/ Slide 13 Backlog: value and litho units Backlog 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 09 Jan 10 Apr 10 Backlog value 993 1357 1800 2053 1691 1377 987 1245 1434 1596 1830
Slide 14: Backlog in value per March 28, 2010
/ Slide 14 Korea Taiwan USA Japan Singapore Europe China 23 31 19 11 6 3 7 immersion KrF 1-line ArF dry 89 9 1 1 Backlog in value per March 28, 2010 Total value M€ 2,170 Technology ArF immersion 89% KrF 9% i-line 1% Region USA 19% Taiwan 31% Korea 23% Europe 3% Japan 11% End-use Memory 75% IDM 14% F
Slide 15: Bookings activity by sector
/ Slide 15 foundry idm memory 30 22 48 Bookings activity by sector - total value M€ 1,004 Q1 bookings are driven by DRAM with NAND order activity starting Foundry and IDM's ordering for capacity expansion foundry idm memory 14 7 79 Bookings in value Bookings in units IDM 7% Foundry 14% Memory 79% ID
Slide 16: Market
/ Slide 16 Market
Slide 17: Semiconductor revenue outlook increases
/ Slide 17 Semiconductor revenue outlook increases 21% revenue growth, 15% IC unit growth* Sources: See chart (03/2010) *IC unit growth is average based on multiple industry analysts 2010 Semiconductor revenue growth forecast over time 0% 5% 10% 15% 20% 25% 30% Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun
Slide 18: IC inventories appear under control
/ Slide 18 IC inventories appear under control as measured by days of inventory Source: VLSI Research, WSTS, ASML Last data point: February 2010
Slide 19: Memory wafer output capacity
/ Slide 19 Wafer Output [300 mm equiv. KWSM] By end 2010 memory output capacity is estimated to be more than 10% below peak capacity of 2008 Source: ASML Marketing (9/09) 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 201
Slide 20: Sector growth summary
/ Slide 20 Sector growth summary DRAM Significant new immersion lithography tools required as immersion layers increase from node to node which will continue in 2011 DRAM unit growth forecasted by analysts at 16%, bit growth at 50% primarily met by shrink NAND Immersion demand ramping in Q3 and Q4 d
Slide 21: ASML business update
/ Slide 21 ASML business update
Slide 22: TWINSCAN NXT moving to volume chip manufacturing
/ Slide 22 TWINSCAN NXT moving to volume chip manufacturing TWINSCAN NXTs have been shipped to several customers for volume semiconductor production in Q2 2010 Proven industry leading performance of CD imaging uniformity well below 1 nm and overlay of less than 2 nm Booked 14 systems in Q1 Backlog 2
Slide 23: EUV - next generation lithography
/ Slide 23 EUV - next generation lithography First NXE:3100 systems planned to ship in H2 2010 6th order received confirms appetite from all semiconductor sectors
Slide 24: Outlook and summary
/ Slide 24 Outlook and summary
Slide 25: Q2 2010 outlook
/ Slide 25 Q2 2010 outlook Net sales expected around € 1 billion Gross margin expected of about 42% in Q2 R&D is expected at € 125 million net of credits SG&A is expected at € 42 million Q2 bookings are expected at similar level as in Q1 2010 We expect this cycle to be sustained by the normal techno
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