Summary of ASML Holding N.V. Conference Call Company Overview - **Company**: ASML Holding N.V. (NASDAQ: ASML) - **Industry**: Semiconductor Equipment Manufacturing - **Event**: Goldman Sachs Global Semiconductor Virtual Conference - **Date**: June 14, 2022 Key Points Importance of EUV Technology - EUV (Extreme Ultraviolet Lithography) is crucial for producing advanced chips, allowing for smaller feature sizes due to a wavelength reduction from 193 nanometers to 13.5 nanometers [3][4] - The adoption of EUV technology has accelerated significantly over the past two to three years, driven by customer demand for advanced applications such as AI and 5G [3][6] Production Capacity Expansion - ASML is examining the feasibility of expanding EUV production capacity to 90 units by 2025, up from a previous estimate of 70 units [4][5] - The demand for EUV tools is expected to be structurally robust, driven by digitalization trends and the need for advanced chips [5][7] Demand Drivers - The demand for EUV is being fueled by applications requiring high-performance computing, AI, and 5G technologies [6][9] - Customers are increasingly focused on improving energy performance and reducing power consumption, which necessitates larger chips and more advanced manufacturing tools [7][9] Customer Insights and Roadmaps - Key customers are under pressure to secure capacity, with a clear roadmap for the next 10-15 years focusing on transistor structure and technology advancements [13][14] - EUV adoption in memory applications has exceeded expectations, with significant interest from DRAM customers [14][32] Pricing and Profitability - ASML has been able to increase the average selling prices (ASPs) of EUV tools in correlation with productivity improvements [15][16] - The company expects continued margin improvement as productivity increases and costs decrease over time [21][22] Challenges and Bottlenecks - The primary challenge in ramping up production is lead time for equipment, which can take over a year to prepare [24] - ASML is taking steps to ensure that lead times for future capacity increases are minimized [24] High NA Technology - ASML has received multiple orders for high NA (Numerical Aperture) machines, which are expected to offer significant benefits in terms of resolution and productivity [25][26] - The introduction of high NA technology is anticipated to follow a smoother path compared to previous technologies due to shared source technology [26][27] Geopolitical Factors - Geopolitical tensions are influencing the semiconductor industry, with increased competition among major players like Samsung, Intel, and TSMC [37][38] - ASML does not foresee EUV technology being available in China in the near future due to current U.S. administration policies [40] Future Outlook - Long-term demand for EUV tools is expected to remain strong, despite potential short-term fluctuations due to macroeconomic factors [10][11] - The company is preparing for potential increases in demand beyond the planned 90 units, with a focus on reducing lead times for future capacity [24][28] Additional Insights - The transition from low NA to high NA tools is not expected to cannibalize demand significantly, as overall market volume is projected to grow [29][30] - Customers are likely to adopt high NA technology gradually, starting with one or two layers in production [35]

ASML Holding N.V. (NASDAQ:ASML) Q1 2022 Earnings Conference Call April 20, 2022 9:00 AM ET Company Participants Skip Miller - Vice President of Investor Relations Peter Wennink - Chief Executive Officer Roger Dassen - Chief Financial Officer Conference Call Participants Joe Quatrochi - Wells Fargo Robert Sanders - Deutsche Bank Didier Scemama - Bank of America Krish Sankar - Cowen & Co. Adithya Metuku - Credit Suisse C.J. Muse – Evercore ISI Aleksander Peterc - Societe Generale Rolf Bulk - New Street Resear ...

ASML ANNUAL REPORT 2021 1 ASML Annual Report 2021 Contents | | 2021 at a glance | | Supervisory Board | | --- | --- | --- | --- | | 6 | Message from the CEO | 140 | Message from the Chair of our Supervisory Board | | 8 | 2021 Highlights | 142 | Supervisory Board report | | | | 157 | Remuneration report | | | Who we are and what we do | | | | 10 | Our company | | Consolidated Financial Statements | | 15 | Message from the CTO | 172 | Report of Independent Registered Public Accounting Firm | | 17 | How we inn ...

ASML Exhibit 99 Annual Report 2021 Contents | --- | --- | --- | --- | |-------|----------------------------------------------------|-------|----------------------------------------------------| | | 2021 at a glance | | Supervisory Board | | | 5 Message from the CEO | 142 | Message from the Chair of our Supervisory Board | | | 7 2021 Highlights | | 144 Supervisory Board report | | | Who we are and what we do | | 160 Remuneration report | | | 9 Our company | | 174 Directors' Responsibility Statement | | | 14 ...

ASML Holding N.V. Conference Call Summary Company Overview - **Company**: ASML Holding N.V. (NASDAQ: ASML) - **Event**: UBS Global TMT Virtual Conference - **Date**: December 7, 2021 Key Industry Insights Demand Outlook - **Logic Demand**: Strong demand driven by digital transformation, 5G, AI, and high-performance computing [2][3] - **Memory Demand**: Anticipated growth in the high teens for memory, driven by servers and smartphones [3][4] - **EUV and DUV**: Continued growth expected in both EUV (Extreme Ultraviolet) and DUV (Deep Ultraviolet) segments [4][6] Capacity Plans - **EUV Systems**: Planning for 55 EUV systems in 2022, with a capacity increase of over 2x from 2020 to 2025 [4][19] - **DUV Capacity**: Expected to increase DUV unit output by 1.5x, with productivity improvements leading to a potential 2x effective capacity increase [6][20] Supply Chain Challenges - **Material Shortages**: Experienced delays due to material shortages and logistics issues, impacting revenue recognition [8][9] - **Proactive Management**: Ongoing efforts to improve communication with supply chain partners to mitigate risks [9][10] Financial Performance Revenue and Margins - **Gross Margin Target**: Expected gross margin of 54% to 56% by 2025, with a focus on improving operating margins [56][57] - **R&D and SG&A**: Projected R&D expenses of $3.6 billion and SG&A of $1 billion by 2025 [56] Technological Developments Gate-All-Around Technology - **Impact on Lithography**: Gate-all-around technology expected to enhance control at smaller features, leading to increased lithography intensity [30][32] - **Adoption Timeline**: Initial adoption planned for 2022, with further implementations in subsequent years [34] 3D DRAM and EUV - **EUV Adoption in DRAM**: All major DRAM customers planning to implement EUV in their product roadmaps [37][39] - **Future of 3D DRAM**: Ongoing exploration of next-generation memory technologies, with EUV playing a critical role [38][39] Geopolitical Considerations - **China Export Licenses**: ASML requires export licenses from the Dutch government to ship EUV systems to China, currently awaiting approval [28] - **DUV Shipments**: Continued shipments of DUV systems to China, as current nodes do not require EUV [28] Conclusion - **Growth Drivers**: Strong demand across logic and memory segments, with significant capacity expansion plans in place - **Challenges**: Supply chain issues and geopolitical tensions remain key risks, but proactive management strategies are being implemented - **Long-Term Outlook**: Positive growth trajectory anticipated, with advancements in technology and increased adoption of EUV and High NA systems expected to drive future performance [57][58]