Asm International N.v. · EURONEXT:ASM
Asm International — Shareholder Meeting (May 2025)
21 slides from Asm International's shareholder meeting presentation, May 12, 2025
Slide 1: Ahead of what’s next
Ahead of what’s next Annual General Meeting Hichem M’Saad, Chairman and CEO May 12, 2025 | ASM proprietary information | 1
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements All matters discussed in this presentation, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-l
Slide 3: Agenda
Agenda 4 Environmental, 2 Business social and and results governance review 2024 (ESG) 1 Key takeaways 3 Outlook 2025 5 People review May 12, 2025 | ASM proprietary information | 3
Slide 4: Key takeaways
Key takeaways Despite mixed market conditions, sales have increased by 12%, making 2024 our eighth consecutive year of 1 double-digit revenue growth. ASM has outperformed the WFE market by 2x since 2018. 2 ASM delivered again strong financial results with operating profit up by 23% year on year. 3 W
Slide 5: Agenda
Agenda 2 Business and results review 2024 1 Key takeaways May 12, 2025 | ASM proprietary information | 5
Slide 6: The onset of the AI era
The onset of the AI era Semiconductor market grew +18% in 2024 after a drop in 2023 Wafer fab equipment market grew 6% in 2024 ASM saw strong demand in GAA Sales in power/analog/ Mature semiconductor nodes for leading-edge logic/foundry and wafer segments dropped saw limited growth in 2024 high-band
Slide 7: ASM’s year in review
ASM’s year in review ASM enters SiC Epi market declined due Continuing 3 bn era investments to slower EV sales, but our Eight years and achieves 1 bn SiC Epi sales grew and in R&D of double-digit and improving efficiency cash position for first time we became market leader* revenue growth by investi
Slide 8: ASM has outperformed the WFE market by 2x since 2018
ASM has outperformed the WFE market by 2x since 2018 ASM revenue growth vs. WFE market growth, indexed to 2018 WFE (indexed) ASM revenues (indexed) * Source: TechInsights March 2025 May 12, 2025 | ASM proprietary information | 8
Slide 9: Financial performance
Financial performance In EUR million, except gross margin Revenue Adjusted gross margin1 Adjusted opex1 4,000 55.0% 800 2,933 50.5% 3,000 2,634 49.3% 600 50.0% 356 295 2,000 400 45.0% 1,000 200 312 304 - 40.0% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Adjusted net
Slide 10: Our strength in R&D
Our strength in R&D A legacy and drive High-impact patent Industry’s largest for innovation portfolio ALD portfolio Top-ranked in ALD IP strength +15% by LexisNexis® PatentSight® 80+ ALD layers R&D spend growth and expanded powering next-gen devices global capabilities in 2024 ~3,400 patents in 2024
Slide 11: ASM awards: 46 across 30+ categories
ASM awards: 46 across 30+ categories Customer awards People, community & sustainability TSMC 2024 Best Vendor Shanghai Daily Corporate Excellent Social Supplier Award Responsibility AZ Big Media Award – public Collaboration welfare impact of the Year Intel EPIC Outstanding Award HR awards Best Safet
Slide 12: Agenda
Agenda 2 Business and results review 2024 1 Key takeaways 3 Outlook 2025 May 12, 2025 | ASM proprietary information | 12
Slide 13: WFE spending expected to grow
WFE spending expected to grow WFE market forecast (US$b) 160 WFE growth driven by secular trends of AI, 6G, EV, edge computing, etc. 140 120 • Longer-term trend supported by multi- year investments 100 • Investment in logic/foundry are driven by 80 the gate-all-around transition, and in 60 memory by
Slide 14: Agenda
Agenda 4 Environmental, 2 Business social and and results governance review 2024 (ESG) 1 Key takeaways 3 Outlook 2025 May 12, 2025 | ASM proprietary information | 14
Slide 15: Product sustainability strategy
Product sustainability strategy Energy efficient Smarter use Advanced thermal plasma sources of chemicals technologies Why it matters Why it matters Why it matters Radio Frequency (RF) energy is used in Optimizing chemical use can reduce As heating is a big source of energy deposition. Power deliver
Slide 16: Net-zero 2035 progress update
Net-zero 2035 progress update 2035 net-zero target roadmap - Scope 1&2 • Achieved 100% renewable electricity for our global Contribution of interventions to mapped GHG reduction 1 operations 12 4 Procure renewable energy 5 Green hydrogen for natural gas • Year-on-year 52% reduction in Scope 1+2 emis
Slide 17: Agenda
Agenda 4 Environmental, 2 Business social and and results governance review 2024 (ESG) 1 Key takeaways 3 Outlook 2025 5 People review May 12, 2025 | ASM proprietary information | 17
Slide 18: Making ASM a great place to be and grow
Making ASM a great place to be and grow We strengthened our talent strategy to maintain competitiveness amid growing demand in STEM. Expanding and customizing our development program offer to accelerate leadership capabilities and elevate in-house talent. We provide relevant and accessible opportuni
Slide 19: Conclusion
Conclusion May 12, 2025 | ASM proprietary information | 19
Slide 20: Key takeaways
Key takeaways Despite mixed market conditions, sales have increased by 12%, making 2024 our eighth consecutive year of 1 double-digit revenue growth. ASM has outperformed the WFE market by 2x since 2018. 2 ASM delivered again strong financial results with operating profit up by 23% year on year. 3 W
Slide 21: Ahead of what’s next
Ahead of what’s next May 12, 2025 | ASM proprietary information | 21