Slide 1: ASML 2024 Third-Quarter results
ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024 ASML expects total net sales for 2024 of around €28 billion ASML 2024 Third-Quarter results Veldhoven, the Netherlands October 15, 2024
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements October 15, 2024 Page 2
Slide 3: Investor key messages
Investor key messages October 15, 2024 Page 3
Slide 4: Investor key messages
Investor key messages • Global megatrends in the electronics industry, supported by a highly profitable and fiercely innovative ecosystem, are expected to continue to fuel growth across the semiconductor market • Growth in semiconductor end markets and increasing lithography intensity are driving de
Slide 5: Business summary
Business summary October 15, 2024 Page 5
Slide 6: Q3 results summary
Q3 results summary • Total net sales of €7.5 billion, net system sales of €5.9 billion ◦ Installed Base Management1 sales of €1.5 billion • Gross margin of 50.8% • Operating margin2 of 32.7% • Net income as a percentage of total net sales of 27.8% • Earnings per share (basic) of €5.28 • Net bookings
Slide 7: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Technology End-Use Region (ship to location) Sales in lithography ArF Dry 3% units KrF 10% Japan 2% 42 Q3’24 Memory 38 I-line 2% USA 21% 36% Net system sales ArFi China 48% Metrology & 47% €5,926 million Inspection 2% 18 Logic EUV 64% 11 35% 7 South Korea 15% E
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use 30,000 27,559 25,000 5,620 21,173 20,000 18,611 19,000 Installed Base Total Net Sales 5,743 Management1 4,347 4,958 15,000 13,979 Logic 15,985 3,662 Memory 10,000 9,977 8,873 9,589 7,393 5,000 5,453 5,954 5,780 2,924 4,064 0 2020 2021 2022 2023 2024 YTD 1 Install
Slide 9: Net systems bookings activity by End-use
Net systems bookings1 activity by End-use Logic Memory Q3’24 net system bookings 46% 54% €2,633 million Memory 27% Q2’24 net system bookings €5,567 million Logic 73% 1 Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
Slide 10: Capital return to shareholders
Capital return to shareholders • In Q3, ASML paid an interim dividend of €1.52 per ordinary share • The second quarterly interim dividend over 2024 will be €1.52 per ordinary share and will be made payable on November 7, 2024 • In Q3 2024 no shares were purchased Dividend Capital return (cumulative)
Slide 11: Outlook
Outlook October 15, 2024 Page 11
Slide 12: Outlook
Outlook Q4 • Total net sales between €8.8 billion and €9.2 billion, including ◦ Installed Base Management1 sales of around €1.9 billion • Gross margin between 49% and 50% • R&D costs of around €1,090 million • SG&A costs of around €300 million 2024 • Expected total net sales of around €28 billion wi
Slide 13: Financial Statements
Financial Statements October 15, 2024 Page 13
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Total net sales 6,673 7,237 5,290 6,243 7,467 Gross profit 3,462 3,717 2,697 3,212 3,793 Gross margin % 51.9 51.4 51.0 51.5 50.8 R&D costs (992) (1,041) (1,032) (1,101) (1,055) SG&A costs (288)
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Cash and cash equivalents, beginning of period 6,341 4,976 7,005 5,101 4,814 Net cash provided by (used in) operating activities 1,128 3,197 (252) 924 950 Net cash provided by (used in) investi
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter End Assets Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Cash & cash equivalents and short-term investments 4,981 7,010 5,406 5,019 4,985 Accounts receivable and finance receivables, net 5,682 5,774 5,041 5,517 6,171 Contract assets 267 240 303 435 554 Invento
Slide 17: 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 18: ASML
ASML