Slide 1: Press conference ASML Fourth-quarter & full-year results 2024
Press conference ASML Fourth-quarter & full-year results 2024 Christophe Fouquet – President and CEO Roger Dassen – Executive Vice-President and CFO January 29, 2025 Live from the TWINSCAN Auditorium on ASML’s Campus in Veldhoven, The Netherlands Different image - will follow Public
Slide 2: ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024
ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024 2025 total net sales expected to be between €30 billion and €35 billion ASML 2024 Fourth-Quarter and Full-Year results Veldhoven, the Netherlands January 29, 2025 Public
Slide 3: Forward looking statements
Forward looking statements This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor
Slide 4: Industry Context and Our Progress in 2024; Financials and Outlook
• Industry Context and Our Progress in 2024 - Christophe Fouquet • Financials and Outlook - Roger Dassen • Questions and Answers January 29, 2025 Page 4 Public
Slide 5: Industry Context and Our Progress in 2024
Industry Context and Our Progress in 2024 Christophe Fouquet President and CEO January 29, 2025 Page 5 Public
Slide 6: We see our society going from chips everywhere to AI chips everywhere
We see our society going from chips everywhere to AI chips everywhere Gen AI opens endless opportunities, expected to add 6-13T$ value to GDP by 2030 Climate change and Social and Connected world resource scarcity economic shifts Cloud Energy Electrification, Working, Healthcare, Hyperconnectivity i
Slide 7: AI has strong potential to drive entire industry forward across many applications
AI has strong potential to drive entire industry forward across many applications Mainstream markets grow in volume while high performance continues to follow Moore's law SPECIALTY MEMORY Mainstream LOGIC 300 mm EU IRL JP KR 200 mm 300 mm US US TW ANALOG Healthcare, medical tech CN Smarter use of PO
Slide 8: We reconfirm our view calling for global semi sales >$1T by 2030
We reconfirm our view calling for global semi sales >$1T by 2030 Major investments are on-going in AI, the exact pace of its roll-out to consumer products is still unknown Healthcare, medical tech Smarter use of ? Semi Sales >1T$ Working, limited resources 1000 learning remotely 900 High Semi Sales
Slide 9: The semiconductor ecosystem has considerable means to drive innovation
The semiconductor ecosystem has considerable means to drive innovation Ecosystem generated over $865B EBIT in 2023 Semi Equipment Peers Wafers Semi Foundry Distributor manufacturing Foundry Semi EDA Logic IDM Semi design Products Server Contract Manufacturing Consumer Industrial Automotive Smartphon
Slide 10: Future is bright and the market transition to AI supports our 2030 ambition
Future is bright and the market transition to AI supports our 2030 ambition Speed of AI adoption and factors such as geopolitics create some uncertainty • Semiconductor market remains strong with Artificial Intelligence creating growth but also a shift in market dynamics that is not benefiting all S
Slide 11: EUV reached high-volume maturity: a solid foundation for continued innovation
EUV reached high-volume maturity: a solid foundation for continued innovation The first High NA EUV systems are operational at a customer • We continue to ramp the NXE:3800E system. The vast majority of EUV shipments in 2025 will be this model, due to its higher performance • We demonstrated the ful
Slide 12: DUV is and will remain a workhorse of the industry
DUV is and will remain a workhorse of the industry i-line ArF i-line ArF EUV EUV 525 Million >900 Million wafer exposures wafer exposures 2024 2030 ArFi KrF KrF ArFi January 29, 2025 ASML Market research: expectations of total exposure area worldwide Page 12 Public
Slide 13: DUV is and will remain a workhorse of the industry
DUV is and will remain a workhorse of the industry • We shipped the first NXT:870B, the latest generation KrF system, capable of a throughput of over 400 wafers per hour • We also shipped our latest generation immersion system, the NXT:2150i, running at over 310 wafers per hour with an overlay of eq
Slide 14: Holistic Lithography focuses on improving accuracy and patterning yield for our customers
Holistic Lithography focuses on improving accuracy and patterning yield for our customers • We made significant progress on multi e- beam inspection and the opportunity for High Volume Manufacturing • We recognized revenue on a number of multi-beam inspection systems at several customers • The Yield
Slide 15: Customer data shows eScan1100 capturing clear defect signature with higher throughput
Customer data shows eScan1100 capturing clear defect signature with higher throughput 7~8x larger wafer coverage and ~60% shorter cycle time Single Beam Inspection eScan1100 Wafer coverage: 0.2% Wafer coverage: 1.5%* Inspection time: 100% Inspection time: ~40% Miss the signature Clear defect signatu
Slide 16: Preparing for a bright future: Access to talent remains key
Preparing for a bright future: Access to talent remains key ASML invests in future talent for the semiconductor industry around the world To support our long-term growth, we are expanding our programs and partnerships to attract new talent and establish ASML as an employer of choice. In addition, we
Slide 17: Laying the foundations for future growth by building our capacity
Laying the foundations for future growth by building our capacity Selection of our expansion projects in 2024 US Europe Asia Wilton: The Netherlands: Germany: Taiwan: South Korea: Campus expansion Veldhoven, cleanroom Berlin, expansion of New Taipei campus New campus Hwaseong campus San Diego: The N
Slide 18: Advancing our ESG Sustainability agenda
Advancing our ESG Sustainability agenda1 ASML making progress on key energy and climate projects; introducing sea shipment for DUV Environment Social Governance Highlights 2024 Highlights 2024 Highlights 2024 • Reduced EUV NXE energy use • Initiated 57 community projects • ESG rating agencies scores
Slide 19: ASML is increasing its engagement with communities
ASML is increasing its engagement with communities ASML and communities benefit from each other’s presence and support each other’s development Attractive & Inclusive STEM ESG innovation Employee giving communities Contribute to positive improvements and Increase the talent pool that society needs S
Slide 20: Financials and Outlook
Financials and Outlook Roger Dassen Executive Vice President and CFO January 29, 2025 Page 20 Public
Slide 21: 2024 - Business summary
2024 - Business summary ASML: • Total net sales of €28.3 billion at 51.3% gross margin • Net income at €7.6 billion resulted in an EPS of €19.25 • Returned €3.0 billion to shareholders through dividends and share buybacks EUV lithography: • EUV system sales reduced 9% to €8.3 billion, recognized rev
Slide 22: Net system sales breakdown (Yearly)
Net system sales breakdown (Yearly) 2024 Net system sales €21,769 million 2023 Net system sales €21,939 million January 29, 2025 Page 22 Public
Slide 23: Total net sales by End-use
Total net sales by End-use Installed Base Management1 Logic Memory 1 Installed Base Management equals our net service and field option sales. January 29, 2025 Page 23 Public
Slide 24: Consolidated statements of operations € million
Consolidated statements of operations € million Year on Year 2020 2021 2022 2023 2024 Total net sales 13,979 18,611 21,173 27,559 28,263 Gross profit 6,798 9,809 10,700 14,136 14,492 Gross margin % 48.6 52.7 50.5 51.3 51.3 Other income 1 — 214 — — — R&D costs (2,201) (2,547) (3,254) (3,981) (4,304)
Slide 25: Cash return to shareholders
Cash return to shareholders • ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share. An interim dividend of €1.52 per ordinary share will be made payable on February 19, 2025 • Recognizing this (third) interim dividend and the two interim dividends of €1.52 per ordin
Slide 26: Outlook
Outlook Public
Slide 27: Outlook
Outlook Q1 2025 Total net sales between €7.5 billion and €8.0 billion of which Installed Base Management1 sales around €2.1 billion Gross margin between 52% and 53% R&D costs around €1,140 million SG&A costs around €290 million FY 2025 Total net sales between €30 billion and €35 billion Gross margin
Slide 28: Business model and capital allocation strategy
Business model and capital allocation strategy Key messages Investments create value Our continued investments in technology leadership have created significant shareholder value. Growth in markets Expected growth in semiconductor end markets and increasing lithography spending on future nodes fuel
Slide 29: Questions & Answers
Questions & Answers January 29, 2025 Page 29 Public
Slide 30: Thank you
Thank you January 29, 2025 Public