Slide 1: Q3 Fiscal 2024 Earnings
Q3 Fiscal 2024 Earnings Quarter Ended March 31, 2024 • Reported April 25, 2024 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors and WFE; (ii) use of proceeds from our senior notes offering in February 2024; (iii) our market position for the future and timing f
Slide 3: Sustained Process Control Market Leadership
Sustained Process Control Market Leadership KLA’s Process Control Market Share was > 56% in 2023, resulting in a > 4x market Semiconductor Process Control 1 share lead over the nearest competitor despite market access impediments, Market Share demonstrating the strength of the portfolio 70% 60% KLA’
Slide 4: The KLA Operating Model
The KLA Operating Model Consistent Strategy and Execution Application of common processes and discipline Cascades throughout the organization Strong focus on talent development Management By Metrics Culture of performance and accountability Expectation of continuous improvement Superior
Slide 5: March Quarter 2024 Income Statement Highlights
March Quarter 2024 Income Statement Highlights $2.36B 59.8% 36.8% $715M Revenue Gross Margin* Operating Margin* Net Income* (Right) Surfscan® SP7XP is an advanced wafer defect inspection system developed by $5.26 KLA Corporation to discover the Diluted EPS* smallest defects and imperfections on bare
Slide 6: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Q3-FY24: Semi Process Control Revenue % Q3-FY24 ($M) Growth Growth % End Market System Revenue 1 Semiconductor Process Control $2,096 -3% -4% 89% (Systems + Services) 64% Specialty Semiconductor Process $131 +2% -13% 5% (Sys
Slide 7: Breakdown of Revenue by Major Product and Regions
Breakdown of Revenue by Major Product and Regions Revenue Y/Y Q/Q Q3-FY24 Revenue % Q3-FY24 ($M) Growth Growth % Revenue by Region Wafer $988 -4% -15% 42% Inspection 10% 18% Patterning $539 -12% +25% 23% 6% Specialty 9% $117 +1% -15% 5% Semi Process PCB, Display and $68 -2% -12% 11% 3% Comp. Inspect
Slide 8: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash2 $ 4,294 Bonds Outstanding $6.70B Moody’s A2 Working Capital $ 5,070 Weighted Average Total Assets $ 14,957 4.67% S&P A- Interest Rate Debt3 $ 6,629 Weighted Average 18
Slide 9: FCF Generation Fuels Consistent Capital Return to Shareholders
FCF Generation Fuels Consistent Capital Return to Shareholders Free Cash Flow 1 and FCF Margin 2 Investment Market Leadership and $3.2 $3.1 in Growth and $3.0 New Products Differentiated Solutions $2.5 Value $1.8 Creation $1.3 $1.2 33% 32% Capital Returns Strong Margins 30% 31% and FCF 23% 29% to Sh
Slide 10: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases 1 Track Record of Dividend Increases September 2023: Announced 14th consecutive annual dividend increase, up 12% to $1.45/share from $1.30/share 5.80 5.35 4,483 ~$288 ~15% 3.90 4.70 Avg price per share Dividend CAGR 3
Slide 11: Free Cash Flow and Capital Return Highlights
Free Cash Flow and Capital Return Highlights $372M $838M March Quarter Share Buyback March Quarter Free Cash Flow* $1,654M LTM Share Buyback 36% March Quarter FCF Margin* $197M March Quarter Dividends Paid 117% $755M (Above) Utilizing enhanced 150nm Broadband Spectroscopic Ellipsometry technology, t
Slide 12: Guidance for Q4 FY2024 – June 2024 Quarter
Guidance for Q4 FY2024 – June 2024 Quarter June 2024 Quarter Guidance Macro Assumptions Revenue $2.5B +/- $125M Semi PC Revenue By End Market Foundry/Logic: 82% Non-GAAP 61.5% +/- 1% Memory: 18% DRAM 78% | NAND 22% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Expenses*: ~$
Slide 13: Appendix
Appendix Reconciliation of Financial Results
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 14
Slide 15: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Guidance
Reconciliation of Guidance Q4 FY2024 Guidance Range: KLA Non-Confidential | Unrestricted 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 17
Slide 18: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 18