Slide 1: ASML reports €4.0 billion net sales at 47.5% gross margin in Q3
Public ASML reports €4.0 billion net sales at 47.5% gross margin in Q3 Strong second half supports expected 2020 revenue of at least €13.3 billion ASML 2020 Third-Quarter Veldhoven, the Netherlands October 14, 2020
Slide 2: Agenda
Public Slide 2 October 14, 2020 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 October 14, 2020 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 October 14, 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 affo
Slide 5: Business summary
Public Slide 5 October 14, 2020 Business summary
Slide 6: Q3 results summary
Q3 results summary Public Slide 6 October 14, 2020 • Net sales of €3,958 million, net systems sales of €3,096 million, Installed Base Management* sales of €862 million • Gross margin of 47.5% • Operating margin of 30.7% • Net income as a percentage of net sales of 26.8% • Net bookings of €2,868 mill
Slide 7: DUV: Qualified first NXT:2050i system
DUV: Qualified first NXT:2050i system Public Slide 7 October 14, 2020 Providing increased customer value via improved overlay and productivity
Slide 8: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Public Slide 8 October 14, 2020 Q3’20 total sales €3,096 million Q2’20 total sales €2,439 million
Slide 9: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 9 October 14, 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
Slide 10: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 10 October 14, 2020 Lithography systems Q3’20 total value New Used €2,868 million Units 67 6 Lithography systems New Used Q2’20 total value Units 28 6 €1,101 million Our systems net bookings include all system sales orders for which written aut
Slide 11: Capital return to shareholders
Capital return to shareholders Public Slide 11 October 14, 2020 • Interim dividend over 2020 is €1.20 per ordinary share and will be made payable on November 13, 2020 • No shares have been repurchased in Q3 2020 • Will resume executing share buybacks this week Dividend paid Share buyback Final divid
Slide 12: Outlook
Public Slide 12 October 14, 2020 Outlook
Slide 13: Q4 Outlook
Q4 Outlook Public Slide 13 October 14, 2020 • Q4 2020 net sales between €3.6 billion and €3.8 billion, including ◦ Installed Base Management sales of around €900 million • Gross margin of around 50% • R&D costs of €550 million • SG&A costs of €140 million • Estimated annualized effective tax rate of
Slide 14: Financial statements
Public Slide 14 October 14, 2020 Financial statements
Slide 15: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 15 October 14, 2020 Quarter on Quarter Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Net sales 2,987 4,036 2,441 3,326 3,958 Gross profit 1,306 1,940 1,101 1,603 1,881 Gross margin % 43.7 48.1 45.1 48.2 47.5 R&D costs (492) (516) (544) (567) (53
Slide 16: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 16 October 14, 2020 Quarter on Quarter Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Cash and cash equivalents, beginning of period 1,661 1,586 3,532 2,724 3,499 Net cash provided by (used in) operating activities 69 3,588 (606) 372 191 Net cash
Slide 17: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 17 October 14, 2020 Quarter on Quarter Assets Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Cash & cash equivalents and short-term investments 2,070 4,718 4,112 4,440 4,408 Net accounts receivable and finance receivables 3,274 2,773 2,857 3,286 4,664 Cont
Slide 18: Forward looking statements
Forward looking statements Public Slide 18 October 14, 2020 This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology industry and business environment trends, outlook and expected financial result
Slide 19: S ML
S ML