Slide 1: ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023
ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023 Incremental DUV revenue drives expected 2023 sales growth towards 30% ASML 2023 Second-Quarter Veldhoven, the Netherlands July 19, 2023 Public
Slide 2: Agenda
Agenda • Investor key messages • Business summary • Outlook • Financial statements July 19, 2023 Page 2 Public
Slide 3: Investor key messages
Investor key messages July 19, 2023 Page 3 Public
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 July 19, 2023 Page 5 Public
Slide 6: Q2 results summary
Q2 results summary • Net sales of €6.9 billion, net system sales of €5.6 billion, Installed Base Management1 sales of €1.3 billion • Gross margin of 51.3% • Operating margin2 of 32.8% • Net income as a percentage of net sales of 28.1% • Earnings per share (basic) of €4.93 • Net bookings3 of €4.5 bil
Slide 7: Net system sales breakdown (Quarterly)
Net system sales breakdown (Quarterly) Q2’23 Net system sales €5,606 million Q1’23 Net system sales €5,342 million July 19, 2023 Page 7 Public
Slide 8: Total net sales € million by End-use
Total net sales € million by End-use Installed Base Management1 Logic Memory 1 Installed Base Management equals our net service and field option sales July 19, 2023 Page 8 Public
Slide 9: Net systems bookings activity by End-use
Net systems bookings activity by End-use Q2’23 net system sales value €4,500 million Q1’23 net system sales value €3,752 million Net bookings include all system sales orders and inflation related adjustments, for which written authorizations have been accepted. July 19, 2023 Page 9 Public
Slide 10: Capital return to shareholders
Capital return to shareholders • In Q2, ASML paid a final dividend of €1.69 per ordinary share. Together with the interim dividend paid in 2022 and 2023, this resulted in a total dividend for 2022 of €5.80 per ordinary share • The first quarterly interim dividend over 2023 will be €1.45 per ordinary
Slide 11: Outlook
Outlook July 19, 2023 Page 11 Public
Slide 12: Outlook
Outlook Q3 • Net sales between €6.5 billion and €7.0 billion, including ◦ Installed Base Management1 sales of around €1.4 billion • Gross margin of around 50% • R&D costs of around €1.0 billion • SG&A costs of around €285 million 2023 • Expected net sales growth towards 30% with a slight improvement
Slide 13: Financial Statements
Financial Statements July 19, 2023 Page 13 Public
Slide 14: Consolidated statements of operations € million
Consolidated statements of operations € million Quarter on Quarter Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Net sales 5,431 5,778 6,430 6,746 6,902 Gross profit 2,665 2,994 3,311 3,413 3,544 Gross margin % 49.1 51.8 51.5 50.6 51.3 R&D costs (789) (819) (906) (948) (1,000) SG&A costs (222) (236) (280)
Slide 15: Consolidated statements of cash flows € million
Consolidated statements of cash flows € million Quarter on Quarter Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Cash and cash equivalents, beginning of period 4,324 4,097 3,153 7,268 6,648 Net cash provided by (used in) operating activities 2,553 1,170 5,351 734 385 Net cash provided by (used in) investi
Slide 16: Consolidated balance sheets € million
Consolidated balance sheets € million Quarter on Quarter Assets Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Cash & cash equivalents and short-term investments 4,402 3,363 7,376 6,653 6,346 Net accounts receivable and finance receivables 6,610 7,414 6,680 4,862 5,686 Contract assets 270 277 132 236 193 I
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 semiconductor end
Slide 18: Public
Public