Announces new EUR 1 bln share buyback program
VELDHOVEN, the Netherlands, 21 January 2015 - ASML Holding N.V. (ASML) today publishes its 2014 fourth-quarter and full-year results.

Q4 net sales of EUR 1.49 billion, gross margin 44 percent
Full-year 2014 sales at a record EUR 5.86 billion, net profit of EUR 1.2 billion
ASML guides Q1 2015 net sales at around EUR 1.6 billion and a gross margin of around 47 percent
ASML proposes a dividend of EUR 0.70 per ordinary share for 2014, a 15 percent increase with respect to 2013 and announces a new EUR 1 bln share buyback program

(Figures in millions of euros unless otherwise indicated)
Q4 2014 Q3 2014 FY 2014 FY 2013
Net sales 1,494 1,322 5,856 5,245
...of which service and field option sales 409 438 1,613 1,252
Other income (Co-Investment Program) 20 20 81 64
New systems sold (units) 30 24 116 142
Used systems sold (units) 5 6 20 15
Average Selling Price (ASP) of net system sales 31.0 29.5 31.2 25.4
Net bookings 1,387* 1,397 4,902* 4,644
Net bookings (units) 51* 47 157* 166
ASP of booked systems 27.2* 29.7 31.2* 28.0
Systems backlog 2,772* 2,406 2,772* 1,953
Systems backlog (units) 82* 65 82* 56
Gross profit 657 578 2,596 2,177
Gross margin (%) 44.0 43.7 44.3 41.5
Net income 305 244 1,197 1,015
EPS (basic; in euro) 0.70 0.56 2.74 2.36

End-quarter cash and cash equivalents and short-term investments
2,754 2,685 2,754 3,011


*) As of Q4 2014 our net bookings and systems backlog include NXE:3350B orders. For the definition of our net bookings and system backlog see footnote 4 of our U.S. GAAP Consolidated Financial Statements.

A complete summary of U.S. GAAP Consolidated Statements of Operations is published on www.asml.com

CEO Statement
"Our 2014 fourth-quarter net sales came in ahead of guidance, as the memory sector was stronger than we expected. Full-year sales rose 12 percent from 2013 to a record EUR 5.86 billion, gross margin was up almost 3 percentage points to 44.3 percent, while earnings per share increased by 16 percent to EUR 2.74 per share. Looking ahead to H1 2015, we expect both our sales to the memory segment and our service and field option business to continue to be strong and sales to the logic segment to increase from H2 2014 to H1 2015, underpinned by the EUR 2.8 billion backlog," ASML President and Chief Executive Officer Peter Wennink said.

"As extensively discussed during our investor day in November, our EUV program in 2015 will focus on continuing the encouraging progress in productivity and in shipping our fourth-generation EUV tools, the NXE:3350B," Wennink said.

2014 Product Highlights

We successfully ramped our newest immersion system, the NXT:1970Ci and shipped 51 systems
Our TWINSCAN immersion systems set new productivity records: two systems each imaged more than 1.5 million wafers in a 12-month period
A total of seven NXE:3300B EUV systems were in the field by end-2014
On the NXE:3300B systems we achieved the 500-wafer-per-day target that our customers have set for end-2014 and demonstrated stable source operation at 80 W running continuously for 24 hours at a customer site
TSMC ordered two NXE:3350B EUV systems for delivery in 2015 with the intention to use those systems in production. In addition, two NXE:3300B systems already delivered to TSMC will be upgraded to NXE:3350B performance.
The ramp in shipments of our YieldStar metrology tool continued, with a total of 199 systems shipped to all major customers

Outlook
For the first quarter of 2015, ASML expects net sales of around EUR 1.6 billion, a gross margin of around 47 percent, R&D costs of about EUR 260 million, other income of about EUR 20 million -- which consists of contributions from participants of the Customer Co-Investment Program -- and SG&A costs of about EUR 83 million.

Dividend and new Share Buyback Program
Given ASML's strong financial position and cash flow prospects, ASML intends to continue to return excess cash to shareholders through dividends and share buyback programs in accordance with our policy, thereby supporting its shareholders in their continued investment in the company.

ASML intends to increase the dividend per ordinary share by 15 percent compared with last year. Therefore, we will submit a proposal to the 2015 Annual General Meeting of Shareholders (AGM) to declare a dividend in respect of 2014 of EUR 0.70 per ordinary share (for a total amount of approximately EUR 300 million), compared with a dividend of EUR 0.61 per ordinary share paid in respect of 2013.

ASML also announces a new share buyback program, to be executed within the 2015-2016 timeframe. As part of this program, ASML intends to purchase up to EUR 750 million of shares which it intends to cancel upon repurchase. In addition, ASML intends to purchase as part of this program up to 3.3 million shares to cover employee stock and stock option plans. This buyback program will start on 22 January 2015, and at current share price these intended repurchases represent a total value of approximately EUR 1 billion.

The share buyback program will be executed within the limitations of the existing authority granted by the AGM on April 23, 2014 and of the authority granted at future AGMs. The share buyback program may be suspended, modified or discontinued at any time. All transactions under this program will be published on ASML's website (www.asml.com/investors) on a weekly basis.

ASML Supervisory Board nominates three new members
VELDHOVEN, the Netherlands, 21 January 2015 - The Supervisory Board of ASML Holding NV (ASML) today announces its intention to nominate three candidates to be appointed to the Supervisory Board by the Annual General Meeting of Shareholders, which is scheduled to be held on 22 April 2015.

The Supervisory Board intends to nominate Ms. A. (Annet) Aris, Adjunct Professor of Strategy at INSEAD, France, a position she has held since 2003. Before her academic appointment at INSEAD, Ms. Aris worked for McKinsey & Company in Germany, where she was partner from 1994 until 2003. She currently holds various non-executive roles at both listed and non-listed companies, such as Thomas Cook Plc., ProSiebenSat1 AG, Kabel Deutschland AG, and ASR Netherlands N.V. Ms. Aris is the intended successor of Mrs. Ieke van den Burg, who passed away on 28 September 2014. Ms. Aris' nomination has been proposed by the ASML Netherlands B.V. Works Council based on its enhanced recommendation right.

Furthermore, the Supervisory Board intends to nominate Mr. G.J. (Gerard) Kleisterlee who was President/Chief Executive Officer and Chairman of the Board of Management of Royal Philips N.V. from 2001 until 2011. Mr. Kleisterlee joined Philips in 1974 and held various management positions at the multinational before he was appointed as CEO. He is currently Chairman of the Board of Vodafone Group Plc. and Non-executive Director of Royal Dutch Shell.

Thirdly, the Supervisory Board intends to nominate Mr. R.D. (Rolf-Dieter) Schwalb. Mr. Schwalb was Chief Financial Officer and member of the Board of Management of Royal DSM N.V. from 2006 until 2014. Prior to his appointment at DSM, Mr. Schwalb was CFO and member of the Executive Board of Beiersdorf AG. He started his career at Procter & Gamble in Germany and Belgium, where he has held a variety of management positions in Finance, IT and Internal Audit. Mr. Schwalb is the intended successor of Mr. F.W. (Fritz) Fröhlich, who will resign as Supervisory Board member after eleven years of service effective April 2015.


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