Slide 1: ASML reports record sales for 2015
Public ASML reports record sales for 2015 Proposes to raise dividend by 50% Announces plan for additional €1 billion share repurchases ASML 2015 Fourth-Quarter and 2015 Annual Results Veldhoven, the Netherlands January 20, 2016
Slide 2: Forward looking statements
Forward looking statements Public Slide 2 January 20, 2016 This document contains statements relating to certain projections and business trends that are forward-looking, including statements with respect to our outlook, including expected customer demand in specified market segments including memor
Slide 3: Agenda
Public Slide 3 January 20, 2016 Agenda • Investor key messages • Business highlights • Business environment • Outlook • EUV highlights • Financial statements
Slide 4: Investor key messages
Public Slide 4 January 20, 2016 Investor key messages
Slide 5: Investor key messages
Investor key messages Public Slide 5 January 20, 2016 • Shrink is the key industry driver supporting innovation and providing long term industry growth • Moore’s Law will continue and be affordable • Lithography enables affordable shrink and therefore delivers compelling value for our customers • AS
Slide 6: Business highlights
Public Slide 6 January 20, 2016 Business highlights
Slide 7: 2015 - highlights
2015 - highlights Public Slide 7 January 20, 2016 • Record net sales of € 6.3 billion, including record Service and Options sales of € 2 billion, gross margin 46.1%, net income € 1.4 billion and EPS € 3.22 • EUV: we met our 2015 productivity and availability targets and successfully started shipping
Slide 8: Q4 results summary
Q4 results summary Public Slide 8 January 20, 2016 • Q4 sales in line with our guidance • Net sales of € 1,434 million, 37 litho systems sold, valued at € 881 million, net service and field option sales at € 553 million • Average selling price of € 23.8 million per system • Gross margin of 46.0% • O
Slide 9: Net system sales breakdown in value
Net system sales breakdown in value Public Slide 9 January 20, 2016 Technology End-Use Region (ship to location) Sales in Units China 10% Europe 1% ArF Dry 3% KrF I-line 2% Japan 20 23% Memory 9% Q4’15 44% USA 11 13% total value — 3 3 Taiwan € 881 Foundry 31% million IDM 44% Korea EUV ArF i ArFdry K
Slide 10: Total net sales by quarter
Total net sales million € by quarter Public Slide 10 January 20, 2016 7,000 6,287 6,000 5,856 5,651 5,245 1,434 5,000 1,211 1,494 4,732 4,508 Q4 1,023 1,848 4,000 1,549 Net Sales 1,521 1,459 1,322 Q3 3,000 1,229 Q2 1,318 1,176 1,654 1,529 1,644 2,000 Q1 1,228 1,187 1,069 1,000 1,452 1,397 1,650 1,25
Slide 11: Total net sales by End-use
Total net sales million € by End-use Public Slide 11 January 20, 2016 7,000 6,287 6,000 5,856 5,651 5,245 767 2,050 5,000 4,732 1,614 4,508 1,252 Service & Options 613 930 Net Sales 4,000 1,856 1,186 Foundry 944 1,608 3,000 2,064 366 2,279 831 IDM 844 514 2,000 Memory 440 2,585 588 1,000 2,184 2,225
Slide 12: Bookings activity by sector
Bookings activity by sector Public Slide 12 January 20, 2016 Memory 47% New Used Q4’15 total value systems systems € 1,184 million Units 39 5 Foundry Value M€ 1,174 10 IDM 1% 52% Memory 52% New Used Q3’15 total value systems systems € 904 million Units 32 3 Foundry Value M€ 899 5 IDM 38% 10% As of Q
Slide 13: System backlog in value
System backlog in value Public Slide 13 January 20, 2016 Technology End-Use Region (ship to location) ArF Dry 5% I-line 1% Japan 1% KrF Taiwan China Rest of Asia 3% 10% Q4’15 EUV Memory Foundry 16% 16% Europe 1% total value 23% 31% 37% € 3,184 New Used Korea systems systems million ArF Immersion IDM
Slide 14: Capital return to shareholders
Capital return to shareholders Public Slide 14 January 20, 2016 • Paid € 302 million in dividend and purchased € 565 million worth of our own shares in 2015 • Propose to increase dividend by 50% to € 1.05 per ordinary share • Announcing new plan for share buyback program of € 1.5 billion over 2016/2
Slide 15: Business environment
Public Slide 15 January 20, 2016 Business environment
Slide 16: Business environment
Business environment Public Slide 16 January 20, 2016 • 2x nm DRAM node progressing, 1x nm node initial production starting • Planar NAND shrink continues • 3D NAND technology ramping • New fab announcement for China • One fab near completion and one fab equipment-ready by mid year Memory • X-Point
Slide 17: Outlook
Public Slide 17 January 20, 2016 Outlook
Slide 18: Outlook
Outlook Public Slide 18 January 20, 2016 • Our guidance for Q1: • Q1 net sales approximately € 1.3 billion • Gross margin around 42% • R&D costs of about € 275 million • SG&A costs of about € 90 million • Other income (Customer Co-Investment Program) of about € 23 million • Effective tax rate for fu
Slide 19: EUV highlights
Public Slide 19 January 20, 2016 EUV highlights
Slide 20: EUV targets and achievements
EUV targets and achievements Public Slide 20 January 20, 2016 2015 achievements 2016 targets Productivity - Target: 1000 wafers per day • More than 1000 wafers per day exposed on NXE:3300B at customer site, further improved to more than 1250 wafers per day on NXE:3350B at ASML 1500 wafers per day •
Slide 21: Financial statements
Public Slide 21 January 20, 2016 Financial statements
Slide 22: Consolidated statements of operations M€
Consolidated statements of operations M€ Public Slide 22 January 20, 2016 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Net sales 1,494 1,650 1,654 1,549 1,434 Gross profit 657 779 754 703 660 Gross margin % 44.0% 47.2% 45.6% 45.4% 46.0% Other income* 20 21 21 21 21 R&D costs (268) (261) (267) (267) (273)
Slide 23: Cash flows M€
Cash flows M€ Public Slide 23 January 20, 2016 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Net income 305 403 370 322 292 Net cash provided by (used in) operating activities 409 337 284 420 985 Net cash provided by (used in) investing activities 77 124 (107) (99) (1,078) Net cash provided by (used in) f
Slide 24: Balance sheets M€
Balance sheets M€ Public Slide 24 January 20, 2016 Assets Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Cash & cash equivalents and short-term investments 2,754 2,838 2,520 2,681 3,409 Net accounts receivable and finance receivables 1,304 1,510 1,589 1,593 1,208 Inventories, net 2,550 2,607 2,592 2,537 2,
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