The promise of Commitment ASML Mission Providing leading edge imaging solutions to continuously improve our customers’ global competitiveness ASML Commitment Since the company was founded in 1984, the promise of commitment has been consistent with the values of ASML. It is the foundation for our relationship with all our stakeholders: customers, employees, investors, suppliers and others. When customers, investors and others relate with our company, they experience the ASML brand of people, products and performance. One brand – the promise of commitment. ASML’s commitment is to be the industry’s global leader in semiconductor lithography equipment: the imaging of nanometric circuit patterns on a silicon wafer, the material from which integrated circuits are made. ASML business strategy Our business strategy is based on technology leadership, customer focus and operational excellence. Simply stated, ASML is committed to add measurable value and long-term results to benefit our customers as they design, produce and price their products. As technology roadmaps and customer requirements become more demanding, ASML needs the best talent available. That is why we’re committed to developing our people and creating a learning culture. ASML’s human resource strategy embraces our unique culture of individual and team commitment that makes outstanding accomplishments possible. ASML Technology Leadership Technology leadership is recognition for those who are continually at the forefront of the industry. And ASML has evidence of such leadership. We are the global market leader, with proof of customer acceptance for our steppers and advanced Step & Scan systems that span the industry’s current wavelength technology for 200 and 300 millimeter wafers alike. Productivity for ASML customers We drive technology leadership along the semiconductor industry roadmap in consultation with existing customers and potential new ones. We seek to satisfy the needs of different types of chipmakers by customizing and configuring products to provide premium value for the owners of ASML lithography systems. Since 2000, we have offered the industry’s only dualstage wafer imaging system – our TWINSCAN™ platform – that allows exposure of one wafer while simultaneously measuring another wafer. Two wafer stages improve productivity and accuracy. We pursue world class productivity to benefit every type of customer: from makers of memory chips and complex microprocessors to independent device manufacturers and made-to-order chip contractors. We also form and maintain strategic alliances with other semiconductor equipment suppliers, allowing us to offer customers more complete solutions. In 2003, we introduced our new immersion lithography system, a pioneering and promising product that replaces the air over the wafer with fluid to enhance focus and shrink line widths. This means opportunities for making smaller, smarter semiconductors. ASML Customer Focus Everyone at ASML is responsible for customer focus. ASML’s commitment to customers is to develop, install and support technological tools for volume production. Doing so enables customers to become better competitors and make more profit. Customer focus includes multi-discipline account management teams. Account managers represent our customers across every function and business process at ASML: from marketing and technology to logistics and customer support. We track and treat levels of customer satisfaction using our own systematic methods. Customers also provide ratings based on their own criteria. Independent industry surveys of customer satisfaction compare ASML with large suppliers of all types of chipmaking gear. Superior value of ASML tools We engage customers in very early stages of technology development. We listen to their needs surrounding product introduction and volume utilization. Together, we create a dynamic and shared roadmap that begins with a customer need and ends with a customer solution. ASML offers superior value for owners of ASML systems. It allows each customer to operate their chip fabrication facilities – anywhere in the world – with highest productivity. Customers calculate their return on capital employed in semiconductor fabrication facilities. They assess ASML’s added value. When customers are satisfied, they have the confidence to commit to capital expenditures: customers repeat purchases of ASML lithography systems and buy additional products and services. ASML Operational Excellence Inside ASML, we sharpen our strategic focus through the work of multiple cross-functional process improvement teams. From an operational perspective, these process improvement teams are striving to streamline and integrate main business processes such as new product introduction, acquisition of orders from customers, fulfillment of orders, and our post-delivery support and services. ASML Value Sourcing ASML’s business strategy includes outsourcing the majority of components and subassemblies that make up our lithography products. We work in partnership with suppliers, jointly operating a strategy known as Value Sourcing. It is based on the QLTC principle that stands for quality, logistics, technology and total cost. With ASML Value Sourcing, we strive to attain flexibility, best-of-breed contributions and cost savings. It exemplifies mutual commitment, alongside shared risk and reward. Improving ASML’s results Operational excellence is also a strategic pillar that supports reduction of fixed and variable costs. Doing so at once increases operating profit and generates cash from working capital. Operational excellence enhances efficiencies and effectiveness in many ways such as research and development; selling, general and administrative expenses; manufacturing and other activities. All in all, operational excellence strengthens ASML’s ability to offer customers a range of technological and system choices at the right time in different semiconductor market segments. About ASML ASML is the world’s leading provider of lithography systems for the semiconductor industry, manufacturing complex machines critical to the production of integrated circuits or chips. ASML technology transfers circuit patterns onto silicon wafers to make every kind of chip used today and tomorrow. As digital products, such as PCs and mobile phones, become more pervasive, the technology behind chip manufacturing becomes more advanced. With each generation of chips, personal and business products become smaller, lighter, faster, more powerful, more precise, more reliable and easier to use. Most of the major global semiconductor manufacturers are ASML customers. We are committed to providing customers with the right technology that is productionready at the right time. Doing so enables our customers and their customers to sustain their competitive edge in the marketplace. ASML operates in 14 countries and over 50 service locations. We have experts located at customer sites, backed by a global pool of ASML engineers and other professionals. ASML Special Applications focuses on solutions for application markets, and has also developed expertise to certify and relaunch previously used ASML equipment into the market. ASML MaskTools provides innovative mask technologies and software products that extend the limits of optical lithography for chip manufacturing. ASML Optics is an extreme precision optical foundry offering design-to-image solutions for the semiconductor and optical manufacturing industries. ASML’s corporate headquarters is in Veldhoven, the Netherlands. The company has lithography research, development and manufacturing operations in Wilton, Connecticut and Veldhoven, the Netherlands. Technology development centers and training and application facilities are located in Asia, Europe and the United States. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Commitment to Each Other Race ahead with TWINSCAN The world’s only dual wafer-stage lithography system ASML TWINSCAN lithography systems deliver the highest productivity at the limits of optical lithography. TWINSCAN is the semiconductor industry’s only platform that combines world-class measurement accuracy with simultaneous, nonstop wafer imaging. How? It is the world’s only semiconductor imaging system with dual wafer-stages. ASML Contact Corporate Headquarters De Run 6501 5504 DR Veldhoven P.O. Box 324 5500 AH Veldhoven The Netherlands phone: +31 40 268 3000 www.asml.com © 2004, ASML Holding N.V. All Rights Reserve U.S. main offices 8555 South River Parkway Tempe, AZ 85284 U.S.A. phone: +1 480 383 4422 77 Danbury Road Wilton, CT 06897 U.S.A. phone: +1 203 761 4000 Asia main office Suite 603, 6/F One International Finance Center 1, Harbour View Street Central, Hong Kong, SAR phone: +852 2295 1168 Corporate Communications phone: +31 40 268 4941 e-mail: corpcom@asml.com Investor Relations phone: +31 40 268 3938 e-mail: investor.relations@asml.com