Slide 1: 2011 Second Quarter Results
ASML 2011 Second Quarter Results On track for a record year 2011 July 13, 2011 Exhibit 99.2
Slide 2: Safe Harbor
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 systems backlog, IC unit demand, financial results, average se
Slide 3: Agenda
Agenda Business summary Market ASML business update Outlook and summary
Slide 4: Business summary
Business summary
Slide 5: Q2 results - highlights
Q2 results - highlights Net sales of € 1,529 million, 63 systems shipped valued at € 1,333 million, service and field option sales at € 196 million Gross margin of 45.1% Operating margin of 32.3% Net bookings are valued at € 840 million, 34 systems Backlog at € 2,756 million, 105 systems, ASP € 26.2
Slide 6: Total net sales M€
629 949 919 183 742 1,452 942 930 844 277 1,069 1,529 958 934 697 555 1,176 1,053 955 494 581 1,521 1,000 2,000 3,000 4,000 5,000 6,000 2006 2007 2008 2009 2010 2011 Q4 Q3 Q2 Q1 Total net sales M€ 3,582 3,768 Numbers have been rounded for readers’ convenience. 2,954 1,596 4,508
Slide 7: Net system sales breakdown in value: Q2 2011
Taiwan 27% DRAM 23% ArF Immersion 69% Net system sales breakdown in value: Q2 2011 End-use Foundry 26% Numbers have been rounded for readers’ convenience. Technology ArF dry 7% USA 22% Korea 17% Sales in Units Region Singapore 10% IDM 15% I-Line 1% China 7% NAND 36% KrF 23% Europe 8% ArF immersion A
Slide 8: Consolidated statements of operations M€
Consolidated statements of operations M€ Numbers have been rounded for readers’ convenience. Q1 11 Q2 11 Net sales 1,452 1,529 Gross profit Gross margin % 44.7% 45.1% R&D costs SG&A costs Income from operations Operating income % 31.0% 32.3% Net income Net income as a % of sales 27.2% 28.3% Earnings
Slide 9: Key financial trends 2010 – 2011
Key financial trends 2010 – 2011 Consolidated statements of operations M€ Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Net Sales 1,069 1,176 1,521 1,452 1,529 Gross profit Gross margin % 43.0% 43.6% 45.0% 44.7% 45.1% R&D costs SG&A costs Income from operations Operating income % 27.4% 27.9% 32.4% 31.0% 32.3% Net i
Slide 10: Cash flows M€
Cash flows M€ Numbers have been rounded for readers’ convenience. Q1 11 Q2 11 Net income Adjustments to reconcile net income to net cash flows from operating activities; Impairment and obsolescence Depreciation and amortization Deferred income taxes (8) Other non-cash items Change in assets and liab
Slide 11: Balance sheets M€
Balance sheets M€ ` / Slide 11 Assets Mar 2011 Jun 2011 Cash and cash equivalents 2,699 39% 2,742 39% Accounts receivable, net 1,019 15% 12% Finance receivables, net 0% 1% Inventories, net 1,566 22% 1,610 23% Other assets 7% 7% Tax assets 3% 3% Fixed assets 14% 1,104 15% Total assets 6,957 100% 7,07
Slide 12: Backlog in value per Jun 26, 2011
ArF immersion 78% Korea 28% DRAM 20% Foundry 26% New systems Used systems Total systems Units Value M€ 2,691 2,756 ASP M€ 31.3 3.4 26.2 Backlog in value per Jun 26, 2011 Total value M€ 2,756 Technology KrF 16% I-Line 2% Region (ship to location) USA 23% Taiwan 15% Europe 7% Japan 8% End-use IDM 28%
Slide 13: Bookings activity by sector - total value M€
Foundry 50% DRAM 5% NAND 14% Bookings activity by sector - total value M€ Bookings in value IDM 31% Booked new tools at € million, used at € million Numbers have been rounded for readers’ convenience.
Slide 14: Market
L SM es A Y
Slide 15: Business environment
Business environment Our customers are currently taking some time to assess the semiconductor end-demand trends for 2012 before determining their overall capacity plans levels and timings Business in 2012 will be supported by the ramp: 2x node in Logic 2x node in NAND 3x node in DRAM Introduction of
Slide 16: ASML business update
ASML business update
Slide 17: 2011: EUV is here
Customers are developing first process recipes for future chip production at 2x node DRAM, 1x node NAND and 1x node Logic 2011: EUV is here NXE:3100 is Exposing wafers at customer 1 Exposing wafers at customer 2 Exposing wafers at customer 3 Under installation at customer 4 Shipping to customer 5 Pl
Slide 18: Light source suppliers progressing toward NXE:3100 throughput target
Light source suppliers progressing toward NXE:3100 throughput target of 60 wafers per hour
Slide 19: EUV revenue recognition expected to start in Q3 2011
EUV revenue recognition expected to start in Q3 2011 Orders for NXE:3100 systems consist of: 4 systems that will be recognized in net system sales 1 operating lease contract 1 R&D system to be recognized in the R&D line ASP of NXE:3100 is € 42 million Expect to recognize revenue of 2 systems in Q3 r
Slide 20: TWINSCAN NXT capabilities extended to enable chip manufacturing beyond 32 nm
ASML's TWINSCAN NXT capabilities extended to enable chip manufacturing beyond 32 nm PEP, throughput improvement to 230 wafers per hour (96 exposures) Programmable wave fronts within the lens, improves imaging and overlay performance Reticle Control compensates for lens heating effects to improve ove
Slide 21: Share buy back program
Share buy back program 1000 2011 Q2 Q1 Cash return € 1 billion share buy back program 37% of program executed 8.5 million shares repurchased in Q2 at an average price of € 27.08 Weekly updates available on ASML’s website Dividend of € 0.40 per ordinary share paid (€ 173 million)
Slide 22: Outlook and summary
Outlook and summary
Slide 23: Q3 2011 outlook
Q3 2011 outlook Order intake level is likely not to exceed € 500 million Net sales around € 1.4 billion including 2 EUV systems Gross margin about 42% including EUV (44% excl. EUV) R&D costs at € 150 million SG&A costs at € 56 million Reiterate our expectation of 2011 revenue (excluding EUV) to be c
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