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ASM Q3 2025 results October 28, 2025
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October 28, 2025 ASM proprietary information | 2 Cautionary note regarding forward-looking statements All matters discussed in this presentation, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company's reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.
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Q3 2025 results 4 October 28, 2025 ASM proprietary information | 3 3 Business environment, strategy, and targets Annex: detailed financials Investment highlights Contents 1 2
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Investment highlights October 28, 2025 ASM proprietary information | 4
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October 28, 2025 ASM proprietary information | 5 Investment highlights Strategic objectives for the next 5 years • Maintain leading share in ALD for logic/foundry and grow share in DRAM/HBM memory • Continue to grow in Si Epi • Grow applications in advanced packaging market • Grow high value Outcome-based services • Accelerate progress in sustainability • Drive operational excellence, flexible footprint and strong financial performance Focus on key growth markets • ALD market is expected to grow by a CAGR of 9%-13% in 2024-2030 • Si Epi market is expected to grow by a CAGR of 9%-13% in 2024-2030 A healthy profitability • Q3 2025 gross margin of 51.9% and adjusted operating margin of 30.9% Strong balance sheet • Solid cash position of €1.1 billion at the end of Q3 2025, no debt • €150 million share buyback program completed in July 2025
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October 28, 2025 ASM proprietary information | 6 Q3 2025 results
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Financial highlights Q3 2025 New orders (-17% yoy at constant currencies) €637m Revenue (+8% yoy at constant currencies) €800m Adjusted operating profit (€220m in Q3 2024) €248m Adjusted operating margin(1) (28.2% in Q3 2024) 30.9% Gross margin (49.4% in Q3 2024) 51.9% Adjusted net earnings(1) (€134m in Q3 2024) €206m Cash position €1,078m Free cash flow €139m Capex €38m October 28, 2025 ASM proprietary information | 7 (1) Adjusted figures are non-IFRS performance measures (previously referred to “normalized”). Refer to the Annex for a reconciliation of non-IFRS performance measures
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October 28, 2025 ASM proprietary information | 8 Q3 2025 highlights Orders and revenue • Revenue of €800 million up 8% at cc from Q3 last year, led by a strong increase in our advanced logic/foundry business. Revenue remained flat qoq at cc, and was at the higher end of our guidance range of flat to down 5% at cc. • Bookings totaled €637 million, a 7% sequential decline at constant currencies, largely due to a substantial drop in bookings from China, including the impact from recently announced export restrictions, following a strong first half. • Order intake in the advanced logic/foundry segment showed strong sequential growth, albeit with very mixed customer dynamics and below prior projections, as already communicated. Demand in the power/analog/wafer markets, including in SiC, continued to be weak. Orders for HBM-related advanced DRAM remained stable at healthy levels. Margin and profitability • Gross margin of 51.9%, up from 49.4% in Q3 2024, thanks to mix, including continued strong sales to China. • Operating margin was robust at 31% following a strong gross margin and tight cost discipline on SG&A expenses, while increasing R&D investment by 10%. Long-term outlook remains positive • As shared during our Investor Day on September 23, 2025, we remain confident in our long-term growth trajectory. Recent industry announcements have reinforced expectations that AI will fuel solid growth in the semiconductor markets for many years to come. This will drive above-average growth in the advanced logic/foundry and DRAM markets. These trends align closely with ASM’s core strength in ALD and Epi technologies.
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October 28, 2025 ASM proprietary information | 9 New orders New orders • New orders came in at €637 million, -17% yoy at cc and -22% as reported. • New orders decreased by 7% qoq at cc, and 9% as reported. Advanced logic/foundry orders increased strongly qoq but were offset by lower orders from the Chinese market, which were strong in the first half year. • New order intake during the quarter was predominantly driven by logic/foundry, followed by memory, and then power/analog/ wafer. 815 702 637 1,559 1,295 1,129 1.0 0.8 0.8 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 (450) 50 550 1,050 1,550 2,050 2,550 Q3 24 Q2 25 Q3 25 Orders and backlog (€m) New orders Backlog Book-to-bill
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603 674 631 175 162 169 779 800 - 100 200 300 400 500 600 700 800 Q3 24 Q2 25 Q3 25 Revenue (€m) Equipment revenue Spares & services revenue October 28, 2025 ASM proprietary information | 10 Revenue and gross margin Note: Q3 2024 revenue breakdown has been revised for comparability. Please refer to Annex for a detailed reconciliation with the prior year's reported figures. Revenue • Q3 revenue increased 8% yoy at cc (3% as reported). • Q3 revenue was led by logic/foundry, followed by memory and then power/analog/wafer. • Revenue was flat at cc vs Q2, at the high end of the previous guidance range (flat to down 5%). • Spares & services sales increased 2% yoy at cc, with continued solid growth in Outcome-based services. The deceleration versus previous quarters is explained by the comparison base, as H2 2024 was impacted by above-trend demand in China. Gross margin • Gross margin of 51.9% was driven by positive mix effects, including continued strong sales to China. 384 433 415 49.4% 51.8% 51.9% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% - 100 200 300 400 500 600 700 800 900 Q3 24 Q2 25 Q3 25 Gross profit (€m) Gross profit Gross margin 836
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October 28, 2025 ASM proprietary information | 11 SG&A and R&D Note: Adjusted SG&A and R&D exclude amortization of fair value adjustments from respective purchase price allocations (before tax) Adjusted SG&A • Adjusted SG&A decreased by 4% qoq and 6% yoy at cc (-6% qoq and -10% yoy as reported). • The yoy decrease is mainly due to reduced variable expense, and continued cost discipline. Adjusted R&D • Adjusted gross R&D decreased 2% qoq and increased 10% yoy. The increased levels of R&D project activities support the growing pipeline of opportunities and innovations for future growth. • Adjusted net R&D increased 2% qoq and increased 3% yoy at cc. 114 128 126 96 97 99 12.3% 11.6% 12.4% 1.0% 3.0% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% - 20 40 60 80 100 120 140 160 180 200 Q3 24 Q2 25 Q3 25 Adjusted R&D (€m) Adjusted gross R&D Adjusted net R&D Adjusted net R&D as % of revenue 76 73 68 9.8% 8.7% 8.6% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% - 20 40 60 80 100 120 140 160 180 200 Q3 24 Q2 25 Q3 25 Adjusted SG&A (€m) Adjusted SG&A Adjusted SG&A as % of revenue
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October 28, 2025 ASM proprietary information | 12 Operating result Note: Adjusted operating result excludes amortization of fair value adjustments from respective purchase price allocations (before tax) Adjusted operating profit increased by 13% yoy and decreased by 6% qoq Adjusted operating margin remained at a solid level of 30.9% supported by strong gross margin and the yoy drop in SG&A 220 263 247 28.2% 31.5% 30.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% - 50 100 150 200 250 300 350 Q3 24 Q2 25 Q3 25 Adjusted operating result (€m) Adjusted operating result Adjusted operating margin
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October 28, 2025 ASM proprietary information | 13 Net earnings Q3 24 Q2 25 Q3 25 Adjusted operating result 220 263 247 Net interest income (expense) 3 12 15 Foreign currency exchange gain (loss) (48) (60) 11 Share in income of investment associates 1 4 (7) Income taxes (41) (45) (58) Adjusted net earnings (losses) 134 173 206 Adjusted operating result to adjusted net earnings (€m) Foreign currency exchange • Q3 2025 adjusted net earnings included a currency translation gain of €11 million, compared with a loss of €48 million in 3Q24, and a loss of €60 million in 2Q25, mainly due to the marginal recovery of the US dollar. Share in income of investment associates • Share in income of investment associates decreased by €11 million compared to Q2, caused by one-off restructuring expenses in ASMPT’s operation.
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242 125 139 Q3 24 Q2 25 Q3 25 Free cash flow (€m) October 28, 2025 ASM proprietary information | 14 Cash position and FCF Note: Free cash flow is defined as cash flows from operating activities after investing activities Free cash flow (FCF) • FCF increased to €139 million from Q2 2025, primarily due to a working capital inflow, and supported by continued strong profitability. • Free cash flow in Q3 2025 included €100 million in earn-out payments related to the acquisition of LPE in 2022. Share buybacks • During the third quarter we spent €109 million on share buybacks as part of the €150 million program that started on April 30, 2025, and was completed on July 25, 2025. In total, we repurchased 322,533 shares at an average price of €465.07, under the 2025 program. 747 1,042 1,078 Sep. 24 Jun. 25 Sep. 25 Cash (€m)
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October 28, 2025 ASM proprietary information | 15 Capex and working capital Capital expenditures • Capex decreased from €44 million in Q2 2025 to €38 million in Q3 2025, but was up from €30 million in Q3 2024, mainly reflecting ongoing investments in our new R&D facility Scottsdale, Arizona. Working capital • Net working capital decreased from €401 million in Q2 2025 to €330 million in Q3 2025, mainly explained by a lower account receivable as a result of lower revenue and better cash collection with customers improving days sales outstanding. • Days of working capital decreased from 43 days in June 2025 to 37 days in September 2025. 30 44 38 Q3 24 Q2 25 Q3 25 Capital expenditures (€m) 412 401 330 48 43 37 1 15 (20) 80 180 280 380 480 580 680 Sep. 24 Jun. 25 Sep. 25 Working capital (€m) Working capital Days of working capital
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October 28, 2025 ASM proprietary information | 16 Financial outlook As included in the Q3 2025 press release published on October 28, 2025: For Q4 2025, we expect revenue to be in a range of €630 to €660 million. For the full year 2025, we continue to expect revenue growth at close to 10% at constant currencies. Despite a projected slow start in 2026, we expect ASM revenue to grow in 2026.
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October 28, 2025 ASM proprietary information | 17 Business environment, strategy, and targets
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45% 25% 15% 10% 5% HPC/AI Smartphone Automotive IoT Others 18 US$1 trillion semiconductor market predominantly driven by leading-edge technology nodes >70% of US$1 trillion semiconductor market in 2030 driven by leading-edge logic and memory technologies Source: TSMC North America Technology Symposium – April, 2025 ASM proprietary information |October 28, 2025
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WFE by segment (TechInsights) (US$ billion) 2022 2023 2024 2025 2026 2027 2028 2029 Logic/foundry DRAM Other NAND • Growth largely in leading-edge logic/foundry and DRAM • China investments assumed to gradually normalize to around <20% of total WFE WFE Outlook (US$ billion) 0 50 100 150 200 2022 2023 2024 2025 2026 2027 2028 2029 2030 TechInsights (June 2025) Gartner (July 2025) ASM estimates 155 • WFE market ’24-’30 CAGR: ~6% ASM proprietary information | 19 WFE growth driven by leading-edge logic/foundry and DRAM October 28, 2025
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ASM proprietary information | 20 Single-wafer ALD market forecasted to outgrow WFE Single-wafer ALD market: • SW ALD market ’24-’30 CAGR: 9-13% • WFE CAGR: 6% (2024: US$110B, 2030: US$155B) Growth drivers: • Increased number of layers in leading-edge logic/foundry and additional complexity • Increased number of layers in leading-edge DRAM, both in cell and CMOS peri 2030 outlook: • Maintain market share >55% • Maintain leading market share in logic/foundry • Gain share in memory Single-wafer ALD market outlook (US$ billion) 2024 2030 5.1 6.1 3.0 Source: Historical market data: ASM | Future market data: ASM October 28, 2025
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ASM proprietary information | 21 Epi market forecasted to outgrow WFE Epi market: • Epi market ’24-’30 CAGR: 9%-13% • WFE CAGR: 6% (2024: US$110B, 2030: US$155B) Growth drivers: • New Epi applications in next generations GAA and additional complexity • Increased number of layers in leading-edge DRAM transition from 6F2 to 4F2 and in CMOS peri 2030 outlook: • Further expand leading-edge market share Epi market outlook (US$ billion) Source: Historical market data: ASM | Future market data: ASM 2024 2030 2.5 3.2 1.5 October 28, 2025
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ASM proprietary information | 22 Significant increase in ALD and Epi SAM with move from GAA 2nm to 1.4nm +400 +450-500 GAA 2nm to 1.4nmFinFET 3nm to GAA 2nm Source: Historical market data: ASM | Future market data: ASM GAA 1st Gen 2nm 2025 GAA 3rd Gen 1.0nm 2029 GAA 2nd Gen 1.4nm 2027 CFET 0.7nm 2031 Logic/foundry technology roadmap October 28, 2025 ASM ALD and Epi SAM expansion for 100k WSPM* (US$ million) Note: Wafer starts per month
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ASM proprietary information | 23 Increasing DRAM SAM with 4F2 and with CMOS peri transitioning from planar to FinFET 6F2 with planar CMOS peri (D1d) 4F2 with FinFET CMOS peri (D0b) ASM ALD and Epi SAM expansion for 100k WSPM* (US$ million) +400-450 Source: ASM internal market data, figure not to scale 3D-DRAM 4F2 6F2 October 28, 2025 DRAM technology roadmap Note: Wafer starts per month
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ASM proprietary information | 24 Targeting continued growth in spares & services: >12% CAGR 2024-2030 Business growth drivers: • Continued growth of our installed base- higher share of Outcome-based services on new products • >50% business coming from Outcome- based services by 2030 Spares and Services revenue (€ million) 2020 2021 2022 2023 2024 2030 CAGR >12% Transactional Outcome-based (including new solutions) October 28, 2025
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Our sustainability framework covers 5 pillars Product sustainability Improving the energy and resource efficiency of our products Product safety Improving the safety of our products and our customers’ operations Safety Making a positive impact on the safety of our industry Our team Engaging and unleashing everyone’s potential at ASM Community, industry, society impact Positively impacting our communities, industry, and the world around us Net-Zero Achieving our net-zero 2035 target Climate resilience & adaptation Addressing climate change risks and opportunities Safety Improving safety throughout our supply chain Environmental footprint Minimizing environmental impacts across the supply chain ESG compliance Meeting ESG regulatory requirements and standards Human rights Striving ethical treatment of people throughout our supply chain Ethics and integrity Upholding responsible and ethical behavior Disclosures Providing transparency, integrity and assurance Innovation People Planet Supply chain Governance ASM proprietary information | 25October 28, 2025
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|Investor Day 2025 Investor Day 2025: capital allocation strategy unchanged Priority 2 Maintain a strong balance sheet • Cash position around €800 million Priority 3 Sustainable dividend payments Priority 4 Return of excess cash to shareholders through share buybacks Priority 1 Invest to support future growth • R&D • Capex • M&A 26October 28, 2025 ASM proprietary information |
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Investor Day 2025: introducing FY30 targets FY 2024 FY 2030 Revenue €2.9 billion More than €5.7 billion by FY301 Revenue growth 12.0% yoy At least 12% CAGR (FY24-FY30) Gross margin % 50.5% 47-51% (FY26-FY30) SG&A % revenue 10.4% Below 7% (by FY30) R&D (net) % revenue 12.1% Low double digit (FY26-FY30) Operating margin % 28.0% 28-32% (FY26-FY30), >30% by 2030 Capex (gross) €168 million €100-200 million (FY30) Effective tax rate % 21.1% Low twenties (FY26-FY30) Total working capital 50 days 50-70 days (FY26-FY30) Free cash flow €534 million More than €1 billion by FY30 1) At comparable currencies October 28, 2025 ASM proprietary information | 27
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October 28, 2025 ASM proprietary information | 28 Annex: detailed financials
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October 28, 2025 ASM proprietary information | 29 (Estimated) amortization and earn-out expenses € million Q3 24A Q2 25A Q3 25A FY 25E FY 26E FY 27E FY 28E Net research and development expenses (3.5) (3.5) (3.5) (14.0) (13.9) (13.9) (13.9) Selling, general and administrative expenses (1.2) (1.2) (1.2) (4.9) (4.7) (4.0) (3.9) Total impact on operating results (4.7) (4.7) (4.7) (18.9) (18.6) (17.9) (17.8) Finance expense(1) (2.2) (0.8) - (3.0) - - - Income taxes (deferred taxes on PPA adjustments) 1.3 1.3 1.3 5.2 5.1 4.9 4.9 Total impact on net earnings (losses) (5.6) (4.2) (3.4) (16.7) (13.5) (13.0) (12.9) (1) Finance expenses include the change in fair value of the contingent consideration (LPE earn-out).
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October 28, 2025 ASM proprietary information | 30 Adjusted and reported P&L reconciliation € million Q2 2025 reported Δ Q2 2025 adjusted Q3 2025 reported Δ Q3 2025 adjusted Revenue 836 836 800 800 Gross profit 433 433 415 415 Gross margin 51.8% 51.8% 51.9% 51.9% SG&A (74) 1 (73) (70) 1 (68) SG&A as a % of revenue 8.8% 8.7% 8.7% 8.6% Net R&D (101) 3 (97) (103) 3 (99) Net R&D as a % of revenue 12.1% 11.6% 12.8% 12.4% Operating profit 259 5 263 243 5 247 Operating margin 30.9% 31.5% 30.3% 30.9% Finance income 11 0.8 11.7 15 15 Foreign currency exchange gain/loss (60) (60) 11 11 Net finance expense (49) 1 (48) 25 25 Share in income from investment in associates 4 0 4 (7) 0 (7) Impairment (reversal) of investments in associates 34 (34) 0 181 181 - Income taxes (45) (1) (46) (58) (1) (59) Net earnings 202 (29) 173 384 (178) 206
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October 28, 2025 ASM proprietary information | 31 Income statement (reported) € million Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 New orders 815 731 834 702 637 Backlog 1,559 1,566 1,515 1,295 1,129 Book-to-bill ratio 1.0 0.9 1.0 0.8 0.8 Revenue 779 809 839 836 800 Cost of sales (394) (402) (391) (402) (385) Gross profit 384 407 448 433 415 Other income 7 - - - - Selling, general and administrative (77) (77) (77) (74) (70) Research and development (99) (108) (104) (101) (103) Total operating expenses (177) (185) (182) (175) (172) Operating result 215 222 266 258 243 Net interest income 1 4 11 11 15 Foreign currency exchange gain (loss) (48) 54 (40) (60) 10 Share in income of investments in associates 1 0 2 4 (7) Reversal of (impairment) of investments in associates - - (215) 34 181 Earnings before income taxes 169 281 24 247 442 Income taxes (41) (55) (53) (45) (58) Net earnings 128 226 (29) 202 384
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October 28, 2025 ASM proprietary information | 32 Balance sheet € million Sep. 24 Dec. 24 Mar. 25 Jun. 25 Sep. 25 PP&E (incl. RoU assets) 458 519 515 516 524 Evaluation tools at customers 107 110 110 110 110 Goodwill 320 321 321 319 319 Other intangible assets 789 816 837 871 898 Investments in associates 859 904 663 642 817 Other non-current assets 63 77 79 85 94 Total non-current assets 2,595 2,747 2,524 2,544 2,761 Inventories 553 567 574 545 546 Accounts receivable 675 789 723 721 666 Other current assets and income taxes receivable 128 133 174 186 194 Cash and cash equivalents 747 927 1,145 1,042 1,078 Total current assets 2,104 2,415 2,616 2,494 2,485 Total Assets 4,699 5,162 5,141 5,038 5,246 Equity 3,430 3,747 3,661 3,569 3,838 Other non-current liabilities 20 24 20 37 57 Contingent consideration payable 95 - - - - Deferred tax liabilities 185 191 195 197 200 Total non-current liabilities 300 215 215 234 257 Accounts payable 236 283 249 219 221 Provision for warranty 28 33 43 44 46 Income taxes payable 46 66 95 87 82 Contract liabilities 440 486 514 589 583 Accrued expenses and other payables 218 235 265 195 220 Contingent consideration payables - 97 99 100 - Total current liabilities 969 1,200 1,265 1,235 1,151 Total Equity and Liabilities 4,699 5,162 5,141 5,038 5,246
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October 28, 2025 ASM proprietary information | 33 Cash flow statement € million Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net earnings (losses) from operations 128 226 (29) 202 384 Adjustments to reconcile net earnings to net cash from operating activities 60 35 298 42 (141) Depreciation, amortization and impairments 51 59 60 58 64 Income tax paid (35) (21) (19) (48) (58) Decrease (increase) in working capital 91 (34) 36 (16) 64 Net cash from operating activities 295 265 347 238 313 Capital expenditures (30) (71) (30) (44) (38) Proceeds from sale of property, plant and equipment 8 1 0 - 0 Capitalized development expenditure (37) (40) (43) (54) (54) Purchase of intangible assets and other investments (7) (15) (10) (19) (8) Dividend received from associates 14 - - 4 3 Contingent consideration paid in respect of prior acquisition of subsidiary - - - - (76) Net cash used in investing activities (53) (124) (83) (113) (173) Payment of lease liabilities (3) (5) (4) (2) (3) Purchase of treasury shares (93) - - (43) (109) Dividends to common shareholders - - - (147) - Net cash used in financing activities (96) (5) (4) (192) (112) Free cash flow (1) 242 141 264 125 139 (1) Free cash flow is defined as cash flows from operating activities after investing activities
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October 28, 2025 ASM proprietary information | 34 Gross and net R&D expenses (reported) € million Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Gross R&D expenses 118 126 123 132 129 Capitalization of development expenses (38) (40) (43) (54) (54) Amortization of capitalized development expenses 19 22 24 23 23 Impairment capitalized development expenses - - - - 4 Net R&D expenses 99 108 104 101 103 Gross R&D as % of revenue 15.1% 15.6% 14.7% 15.7% 16.1% Net R&D as % of revenues 12.8% 13.4% 12.4% 12.1% 12.8%
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October 28, 2025 ASM proprietary information | 35 Quarterly impact of the modified reporting revenue Spares & services € million Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 2024 reported Equipment revenue 534 583 624 645 2,385 Spares & service revenue 105 123 155 164 547 Total revenue 639 706 779 809 2,933 Installation & qualification revenue 19 20 20 23 82 2024 based on modified definition Equipment revenue 514 564 604 622 2,303 Spares & service revenue 125 142 175 187 629 Total revenue 639 706 779 809 2,933
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October 28, 2025 ASM proprietary information | 36 Working capital: historical development Note: Numbers in million euro, based on reported financials. Q1 and Q4 2019 exclude the impact of patent litigation and arbitration settlements 0 10 20 30 40 50 60 70 80 90 0 100 200 300 400 500 600 700 800 900 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2020 2021 2022 2023 2024 2025 Working capital (lhs) Quarterly sales (lhs) Days of working capital (rhs)
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October 28, 2025 ASM proprietary information | 37 Orders and backlog: historical development - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2023 2024 2025 Backlog Orders
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October 28, 2025 ASM proprietary information | 38 Revenue and operating result: historical development Note: Number in million euro. 2019 numbers exclude settlement gains of €159m 2022, 2023, and 2024 operating margin exclude amortization of fair value adjustments from respective purchase price allocations (before tax) - 100 200 300 400 500 600 700 800 900 - 500 1,000 1,500 2,000 2,500 3,000 3,500 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue (lhs) Operating result (rhs)
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October 28, 2025 ASM proprietary information | 39 Cash returned to shareholders 1.50 1.50 0.60 0.70 0.70 0.80 1.00 3.00 2.00 2.50 2.50 2.75 3.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024* Dividend per share (€ paid over) Regular dividend Extraordinary dividend 0 500 1,000 1,500 2,000 2,500 3,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Cumulative cash returned to market (€m) Return of capital Dividends Share buybacks
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October 28, 2025 ASM proprietary information | 40 For more information visit asm.com