ASM International N : AGM 2026 CEO and CFO presentation

Published: 2026-05-12 06:44:21 ET ASM.AS

Published on 05/12/2026 at 06:44 am EDT

Annual General Meeting

Part one.

ASM. Discovering materials and enabling what's next.

Hichem M'Saad, CEO

| ASM proprietary and confidential information |

May 11, 2026

Agenda

Part 2 - Paul Verhagen CFO

Part 1 - Hichem M'Saad CEO Part 2 - Paul Verhagen CFO

1 2

2025 highlights

Why the world needs ASM

3 4 5

Journey to 2030

Financial review

Environmental, social

2025

and governance (ESG)

May 11, 2026 | ASM proprietary information | 6

2025: Executing today, while ready for what's next

We are in the midst of a semiconductor hypercycle driven by AI. Progress now depends on atom-by-atom control - and that is where ASM defines the future.

2025 delivered another year of strong progress, with record revenue of €3.2 billion, record profitability reflected by a 30.2% adjusted operating margin, and 12% sales growth - our ninth consecutive year of double-digit growth.

Driven by advanced logic/foundry and leading edge HBM DRAM, ASM is enabling 2nm GAA and preparing for 1.4nm and DRAM architecture transition from planar 6F² to vertical 4F² transition. Our ALD and Epi technologies deliver the required atomistic control to make these devices.

We continue to invest heavily in R&D to support the multi-year AI demand surge, with 27% of our workforce in R&D and over €500 million invested last year.

Refined the strategy, both inorganic and organic, for advanced packaging. Execution started

in 2025 with the acquisition of Axus Technology, alongside many new products which will be released in the future.

In 2025, we moved into a new facility in Korea, advanced our Arizona expansion, and signed

a head of terms sheet for a new HQ and European R&D center in the Netherlands. Our facilities are home to over 4,800 ASMers worldwide.

May 11, 2026 | ASM proprietary information | 7

The future of compute is hungry for density and efficiency

To scale intelligence sustainably, we must deliver more compute with less power

Exponential demand for intelligence

Accelerating urgency for efficiency

Estimated global data center power capacity

demand (gigawatts)

Transistor count per microprocessor

1011

1010

109

108

107

106

105

104

103

102

101

1970 1980 1990 2000 2010 2020

2026

Demand

200

Generative

AI workload

150

250

~220 large nuclear reactors (1 GW each)

Scaling intelligence sustainably

100

Supply

Other

workload

2023

2024

2025

2026

2027

2028

2029

2030

100-150 billion transistors in latest microprocessors

Source: McKinsey estimate

Compiled from multiple sources, including Our world in data

May 11, 2026

| ASM proprietary information | 8

Materials-driven innovation is key for progress

The future of compute demands

intelligence and efficiency.

To meet these challenges,

we need to innovate at the level of the

themselves.

This is largely driven by

May 11, 2026 | ASM proprietary information | 9

Our technologies building the next generation of compute

Epitaxy

Enables next-generation logic and memory node with superior uniformity and scalability.

ALD

Delivers unmatched precision and control, enabling the world's most advanced semiconductor nodes.

PECVD

Addresses a broad range of dielectric films for various

low-temperature deposition applications.

Surface modification

Delivers precise, contaminant-free wafer surfaces that are essential for high-yield semiconductor manufacturing.

Service products

Outcome-based services, refurbishment and upgrades adapting to evolving tech requirements.

May 11, 2026 | ASM proprietary information | 10

Full integration into a single platform

XP8E® as an example

Al2O3

deposition

Al2O3

Enhanced clustering & productivity,

shipping for HVM

XP8E® common platform

deposition

Inhibitor

Clean/Trim

H+

Inhibitor

Clean/Trim H+

May 11, 2026 | ASM proprietary information | 11

Our entry into the metal deposition market, Moly ALD

Multi-grain

Extending leadership in ALD into metal deposition with Moly ALD

Approach combines novel chemistry and grain engineering to improve performance and reduce material impact

Delivers low resistivity and high conformality within demanding thermal budgets

Single/ dual grain

16:1, 525C

8:1, 350C

High conformality: Low to high temperature

Low to high aspect ratios

| MAaSyM1p1r,o2p0r2ie6tary and confidential information | 12

Creates opportunities for ASM across advanced interfaces and materials stacks

Axus acquisition adds critical Chemical Mechanical

Polishing (CMP) capability to our portfolio

Axus Technology

Based in Chandler, Arizona

Supports growth in power semiconductors and advanced packaging

May 11, 2026 | ASM proprietary and confidential information | 13

20% reduction in G2G time (~ 8hrs)

Improve installation precision and enhance repeatability

EPI PM BoT to improve precision, and speed up recovery

Increased first-time-right to > 98%

May 11, 2026 | ASM proprietary and confidential information | 14

Tool health-check and drift correction - variability control, and matching

AI/ML to accelerate R&D, and enhance HVM performance

R&D acceleration

From materials discovery, to product, and process optimization

HVM

Prescriptive

Predictive

Preventive

Guided troubleshooting - agentic-based suggestion

Maintenance, and green-to-green optimization - detect early, and act

May 11, 2026 | ASM proprietary information | 15

Enabling HVM guided troubleshooting thru prescriptive AI

Ability to detect process excursion, and provide prescriptive guided troubleshooting

May 11, 2026 | ASM proprietary information | 16

Agenda

Part 2 - Paul Verhagen CFO

Part 1 - Hichem M'Saad CEO Part 2 - Paul Verhagen CFO

2025 highlights

1 2

Why the world

3 4 5

Journey to 2030

Financial review

Environmental, social

needs ASM

2025

and governance (ESG)

May 11, 2026 | ASM proprietary information | 17

Announced a new HQ & RD Center in

the Netherlands

Progressing

expansion in Scottsdale,

Arizona, the US

Move in Q1 2027

Focus areas

Process Wafer Assembly

Logic

Memory

Packaging

Interconnect

ASM's revenue in 2025

9 years

of double-digit revenue growth

Deliver impact at scale

Service

product

Surface modification

PECVD

Epitaxy

ALD

From discovery to delivery

A materials discovery company

driving the future of the semiconductor revolution

New innovation and manufacturing center in

Dongtan, Korea

Moved in Q2, 2025

Invested €512 million in R&D

while also improving efficiency by investing in digitization

enabling

breakthrough technologies

Nearly 60 years of research and innovation

May 11, 2026 | ASM proprietary information | 18

ASMers around the world

New Year celebration in Taiwan

Korea: Women in STEM students mentoring

Korea grand opening

China: ASM at STEM Youth Carnival

Global community of

70 nationalities

across 15 locations worldwide

All hands in Japan

Ireland: Employee volunteer matching

TRANS4M global launch

ASM at Arizona Science Center

US: Trail maintenance with WCPD in Oregon

4,800+

ASMers

May 11, 2026 | ASM proprietary information | 19

in areas such as service, installation and qualification, technical support, and safety.

China

awar

Global

35 awards

Safety awards

Trusted by industry leaders

Best Team Support Award

A leading foundry

Strong partnership in enabling a successful fab ramp up

10+ categories

Technology

Safety

Collaboration

Technical support

Service excellence

Risk management

Qualification

On-site performance

People and culture

Sustainability

Outstanding Collaboration Award

Best Best

Collaboration Employee

Award 2025 Award

Excellence in Technology Development

May 11, 2026 | ASM proprietary information | 20

Agenda

Part 2 - Paul Verhagen CFO

Part 1 - Hichem M'Saad CEO Part 2 - Paul Verhagen CFO

2025 highlights

1 2

Why the world

3 4 5

Journey to 2030

Financial review

Environmental, social

needs ASM

2025

and governance (ESG)

May 11, 2026 | ASM proprietary information | 21

Growth through innovation strategy for the next five years

excellence

AI/ML enabled common platform coupled with novel chemistries to accelerate innovation and ensure manufacturing

Maintain leading share in ALD for logic/foundry and grow share in DRAM/HBM memory

Continue to grow in epitaxy

Capture new epitaxy inflections in logic/foundry and DRAM

Grow applications in advanced packaging market

Grow in PECVD, ALD, surface prep, CMP and others, leveraging our strength in chemistry innovation and surface engineering

Grow high value service products

Innovate in intelligent and environmentally friendly solutions while delivering greater performance and value

to our customers

Accelerate progress in sustainability

Focusing on chemical effectiveness and reduced precursor and energy consumption

Drive operational excellence, flexible footprint and strong topline profitable growth

Targeting revenue

>€5.7B and operating margin

>30% by 2030

May 11, 2026 | ASM proprietary information | 22

Annual General Meeting

Part two.

ASM. Sustainable financial value creation

Paul Verhagen, CFO

May 11, 2026

Agenda

Part 1 - Hichem M'Saad CEO

Part 1 - Hichem M'Saad CEO Part 2 - Paul Verhagen CFO

2025 highlights

1 2

Why the world

3 4 5

Journey to 2030

Financial review

Environmental, social

needs ASM

2025

and governance (ESG)

May 11, 2026 | ASM proprietary information | 25

€741m

Financial highlights FY 2025

€3,173m

€1,644m

51.8%

Revenue

(+12% yoy at cc)

Gross profit

(+11% yoy)

Gross margin

(50.5% in 2024)

Adjusted operating profit¹

(€821m in 2024)

€957m

30.2%

Share buyback

€150m

Free cash flow²

(€548m in 2024)

€434m

Dividend per share³

€3.25

Adjusted net earnings¹

(€709m in 2024)

Adjusted operating margin¹

(28.0% in 2024)

¹ Adjusted figures are non-IFRS performance measures. Refer to the Annex in Q4 2025 press release for a reconciliation of non-IFRS performance measures

² Free cash flow is calculated as cash flows from operating activities after investing activities

³ Proposed dividend

May 11, 2026

| ASM proprietary information | 26

Equipment revenue breakdown FY 2025

Customer segment

Region Customer

concentration

16%

84%

15%

80%

28%

53%

19%

May 11, 2026 | ASM proprietary information | 27

Strong financial performance driven by revenue growth, solid gross margin and cost discipline

Revenue, operating profit and operating margin

(€ million)

2,411

491

327

957

821

699

641

1,328

1,730

2,634

2,933

3,173

24.6%

26.6%

28.0%

28.4%

30.2%

FY20

FY21

FY22

FY23

FY24

FY25

May 11, 2026 | ASM proprietary information | 28

S/4HANA implementation

Successful global S/4HANA go-live established a unified digital foundation across ASM.

Real-time data and harmonized processes now support faster decisions and higher operational efficiency.

Streamlined planning, procurement, and manufacturing workflows reduce complexity and improve scalability.

Modern ERP architecture enables future automation, AI adoption, and continuous process innovation.

New digital foundation in place since July 2025 after successful big bang go live with new global ERP and PLM systems

foundation

1 Digital

These new systems enable improved productivity, real time data analytics and increased benefits from AI

2 Productivity

Ongoing focus on structural efficiency improvements

Improved platform development will reduce cost of product, inventory and lead times. New platforms will gradually replace previous generations in coming years

platforms

3 New product

Improved manufacturing model including Merge In Transit will increase overall capacity and reduce cost of good for eligible tools

model

4 Manufacturing

All these initiatives are expected to gradually and structurally improve operating margin by

200-300bps in the coming years which is reflected in the mid-term guidance

margin

5 Operating

May 11, 2026 | ASM proprietary information | 29

Consistent cash returns to shareholders

Dividend per share

(€ paid over)

Cumulative cash returned to market

(€million)

3,000

2,500

3.00

2.75

2.50 2.50

2.00

0.70

0.80

1.00

1.50

3.25

2,000

1,500

1,000

500

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025*

Note: Proposed dividend,

May 11, 2026

| ASM proprietary information | 30

Delivering attractive shareholder returns

Total cumulative shareholder return

500

400

300

200

100

2021 2022 2023 2024 2025 2026

ASM SOX AEX

Note: Indexed total return ASM vs. AEX and SOX as of January 2021, up to April 2026

May 11, 2026 | ASM proprietary information | 31

Capital allocation strategy geared towards growth and value creation

Invest to support future growth

R&D

Capex

M&A

Priority 1

Maintain a strong balance sheet

Cash position around €800 million

Priority 2

Sustainable dividend payments

Priority 3

Return of excess cash to shareholders through share buybacks

Priority 4

May 11, 2026 | ASM proprietary information | 32

Q1 2026 results and outlook

€ million

Q1 2026

Q4 2025

Q1 2025

Revenue

862.5

698.3

839.2

yoy change % as reported

(14%)

31%

yoy change % at constant currency

16%

(7%)

26%

Adjusted operating result

285.9

175.2

271.0

Adjusted operating margin

33.1%

25.1%

32.3%

Net finance income (costs)

23.8

18.2

(26.9)

Share in income of investment in associates

6.7

26.2

2.5

Income taxes

(70.4)

(46.6)

(54.7)

Adjusted net earnings

246.0

169.6

191.9

At constant currency, we project revenue to increase to €980 million +/-5% in Q2 2026, and we continue to anticipate revenue in H2 2026 to be higher than in H1.

Our view is unchanged that advanced logic/foundry will be the main driver of our business this year, as customers are stepping up spending at today's leading-edge nodes,

Furthermore, we expect year-on-year growth from China.

Memory sales are projected to show healthy growth in 2026, even though with a smaller share than logic/foundry.

In the power/analog/wafer segment, we still anticipate a gradual recovery in 2026 from a low base.

*As published with the Q1 2026 earnings report on April 21, 2026

May 11, 2026

| ASM proprietary information | 3

Agenda

Part 1 - Hichem M'Saad CEO

Part 1 - Hichem M'Saad CEO Part 2 - Paul Verhagen CFO

2025 highlights

1 2

Why the world

3 4 5

Financial review

Journey to 2030

Environmental, social

needs ASM

2025

and governance (ESG)

May 11, 2026 | ASM proprietary information | 34

Disclaimer

ASM International NV published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2026 at 10:43 UTC.