Slide 1: ASML reports €4.4 billion net sales and €1.3 billion net income in Q1
Public ASML reports €4.4 billion net sales and €1.3 billion net income in Q1 Strong demand across markets drives expected sales growth towards 30% in 2021 ASML 2021 First-Quarter Veldhoven, the Netherlands April 21, 2021
Slide 2: Agenda
Public Slide 2 April 21, 2021 Agenda • Investor key messages • Business summary • Outlook • Financial statements
Slide 3: Investor key messages
Public Slide 3 April 21, 2021 Investor key messages
Slide 4: Investor key messages
Investor key messages Public Slide 4 April 21, 2021 • Expanding end market applications, fueled by innovation from a highly profitable ecosystem, drive semiconductor demand across all markets • Shrink is a key industry driver supporting innovation and providing long term industry growth • Holistic L
Slide 5: Business summary
Public Slide 5 April 21, 2021 Business summary
Slide 6: Q1 results summary
Q1 results summary Public Slide 6 April 21, 2021 • Net sales of €4,364 million, net systems sales of €3,129 million, Installed Base Management* sales of €1,235 million • Gross margin of 53.9% • Operating margin of 35.8% • Net income as a percentage of net sales of 30.5% • Net bookings of €4,740 mill
Slide 7: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Public Slide 7 April 21, 2021 * Q1’21 total system sales €3,129 million Q4’20 total system sales €3,198 million * Excluding EMEA region which represents negative 6% as we bought back two unused systems previously sold to a customer, which we counted for as a re
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Public Slide 8 April 21, 2021 Installed Base Management Logic Memory As of January 1, 2018, ASML has adopted the new Revenue Recognition Standard (ASC 606) and Lease Standard (ASC 842). The comparative 2017 numbers presented above have not been adjusted to reflec
Slide 9: Litho systems bookings activity by End-use
Litho systems bookings activity by End-use Public Slide 9 April 21, 2021 Lithography systems Q1’21 total system value New Used €4,740 million Units 110 10 Lithography systems New Used Q4’20 total system value Units 114 9 €4,238 million Our systems net bookings include all system sales orders for whi
Slide 10: Capital return to shareholders
Capital return to shareholders Public Slide 10 April 21, 2021 • Over €1.6 billion of shares purchased in Q1 2021. ASML expects an early completion of the current share buyback program • Intention to declare a total dividend for 2020 of €2.75 per ordinary share, consisting of: ◦ interim dividend of €
Slide 11: Outlook
Public Slide 11 April 21, 2021 Outlook
Slide 12: Outlook
Outlook Public Slide 12 April 21, 2021 • Q2: net sales between €4.0 billion and €4.1 billion, including ◦ Installed Base Management sales of around €0.9 billion • Q2: gross margin of around 49% • Q2: R&D costs of €650 million • Q2: SG&A costs of €175 million • 2021: strong demand across markets driv
Slide 13: Financial statements
Public Slide 13 April 21, 2021 Financial statements
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Public Slide 14 April 21, 2021 Quarter on Quarter Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Net sales 2,441 3,326 3,958 4,254 4,364 Gross profit 1,101 1,603 1,881 2,212 2,352 Gross margin % 45.1 48.2 47.5 52.0 53.9 R&D costs (544) (567) (534) (556) (623)
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Public Slide 15 April 21, 2021 Quarter on Quarter Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Cash and cash equivalents, beginning of period 3,532 2,724 3,499 3,532 6,049 Net cash provided by (used in) operating activities (606) 372 191 4,670 (942) Net cas
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Public Slide 16 April 21, 2021 Quarter on Quarter Assets Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Cash & cash equivalents and short-term investments 4,112 4,440 4,408 7,352 4,656 Net accounts receivable and finance receivables 2,857 3,286 4,664 3,421 4,524 Contra
Slide 17: Forward looking statements
Forward looking statements Public Slide 17 April 21, 2021 This document contains statements that are forward-looking, including statements with respect to expected trends, including trends in end markets and technology industry and business environment trends, outlook and expected financial results
Slide 18: S ML
S ML