PDF《INVESTOR PRESENTATION》

October 26,

2016 ASM proprietary information ?

2017 ASM INVESTOR PRESENTATION March 2,

2017 Q4

2016 RESULTS March 2,

2017 | ASM proprietary information |

2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 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 and/or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, 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. March 2,

2017 | ASM proprietary information |

3 INVESTMENT HIGHLIGHTS ? ALD is a key growth market ? ALD market expected to grow by double digits from '

15 to '

20-'

21 ? ASMI has leadership position in ALD ? Outperforming in 2011-2016 ? ASMI outperformed the WFE market in four of the last six years ? A double digit drop in the single wafer ALD market led to a revenue decrease of 11% in 2016. For 2017, a clear improvement in this market is expected ? Structurally improved profitability ? Gross margin stable at 44% in

2016 ? Solid balance sheet ? Strong cash position, no debt ? 2016-2017 share buyback program increased from EUR 50m to EUR 100m ? 1.5m treasury shares proposed to be cancelled ? Stable dividend of EUR 0.70 per share to be proposed to the AGM

2017 March 2,

2017 | ASM proprietary information |

4 Q4

2016 KEY RESULTS Note that as from

2016 ASMI reports its results based on IFRS instead of US GAAP Q4

2015 Q3

2016 Q4

2016 2015

2016 New orders 135.4 122.6 176.9 608.4 622.3 Net sales 144.7 144.2 172.6 669.6 597.9 Gross profit margin % 44.8% 44.2% 44.9% 44.1% 44.2% Operating results 4.0 16.8 29.9 111.1 82.2 Normalized result from investments 1.6 26.7 18.4 43.3 67.7 Amortization intangible assets resulting from the sale of the 12% stake of ASMPT (7.1) (6.7) (7.0) (27.2) (27.2) Net earnings 10.8 33.1 61.5 157.3 135.5 Normalized net earnings (excl. amortization intangible assets resulting from the sale of the 12% stake of ASMPT) 17.9 39.8 68.5 184.5 162.7 March 2,

2017 | ASM proprietary information |

5 SEMICONDUCTOR EQUIPMENT MARKET ? ASM focuses on deposition equipment ? ASM is a market leader in ALD ? Positions in Epitaxy, PECVD and Vertical Furnaces VLSI Research, February

2017 Equipment market segments (US$) ASM'

s focus is on deposition equipment Lithography 8.4bn Etch and Clean 10.3bn Deposition 8.8bn Process Diagnostics 4.8bn Other Wafer Processes 2.9bn Test 3.8bn Assembly 3.7bn March 2,

2017 | ASM proprietary information |

6 0

5 10

15 20

25 30

35 40

45 50

2014 2015

2016 2017

2018 2019

2020 EQUIPMENT MARKET OUTLOOK ? WFE spending increased by 8% in 2016, driven by 3D NAND and Logic/Foundry ? Gartner forecasts a 6% increase in

2017 Gartner expects continued growth for the Wafer Fab Equipment market in

2017 -1.3% +8.1% +5.7% +0.7% +8.4% -5.1% +16.3% Wafer Fab Equipment Spending Gartner, December

2016 US$bn March 2,

2017 | ASM proprietary information |

7 SEMICONDUCTOR SALES BY KEY APPLICATION

0 50

100 150

200 250

2014 2015

2016 2017

2018 2019

2020 Industrial Trans, Automation, Security Automotive Solid State Drives Smartphone Premium Smartphone Basic Tablet PC / Tablet Hybrid PC Ultramobile Clamshell PC Desktop &

Notebook US$bn +11% +7% SEMICONDUCTOR GROWTH DRIVERS ? Semiconductor drivers are mobile devices, but long term growth rate is slowing ? New semi growth drivers are solid state drives, servers, automotive and IoT Source: Gartner, Dec.

2016 CAGR '

15-20 +1% +9% +20% +8% -7% +14% -3% March 2,

2017 | ASM proprietary information |

8 0

5 10

15 20

25 30

35 40

45 2015

2016 2017

2018 2019

2020 7nm and below 10nm 14nm 22nm 32nm 45nm 65nm and above WAFER FAB EQUIPMENT SPENDING BY NODE Advanced nodes: market segments with high expected growth Gartner, December

2016 Share of 14nm, 10nm and 7nm of total Equipment spending increasing in 2017-2019 US$bn March 2,

2017 | ASM proprietary information |

9 ALD IS AN ENABLING TECHNOLOGY ? ALD technology is a key enabler of Moore'

s Law ? Strengths of Atomic Layer Deposition: high-precision deposition of smooth and conformal ultra-thin films, ability to deposit new materials ? Device scaling, new materials and 3D architectures drive increased demand for ALD ? ASMI has leading positions in ALD ? Leadership in high-k metal gate, spacer defined multiple patterning and several new applications ? ALD continued to account for clearly more than half of ASM'

s equipment revenue in

2016 ? Strong market outlook ALD ? Drivers are further deployment of ALD in volume manufacturing, new applications and process steps ? The CAGR of the single wafer ALD segment is expected to be the highest within the deposition equipment market in the next years March 2,

2017 | ASM proprietary information |

10 ALD MARKET OUTLOOK ? Outlook

2017 ? We continue to expect a clear improvement in the single wafer ALD market in 2017: ? Demand in the Logic/Foundry segment is expected to remain healthy ? We believe the 3D-NAND contribution to the single wafer ALD market will show a strong increase in 2017, leading to increased orders for ASMI ? The DRAM segment is expected to show a modest recovery in

2017 ? Long term growth ? We expect that the single wafer ALD market experienced a double digit decline in 2016. Based upon that we forecast the single wafer ALD market to reach a size of approx. US$1.5 billion in 2020-2021 March 2,

2017 | ASM proprietary information |

11 COMPETITIVE ADVANTAGES ? Focused player, differentiated technologies ? Track record of innovation ? Global network, streamlined operations ? Leadership in ALD ? Developing ALD technology since

1999 ? Leading market share in ALD ? Close cooperation with the leading IC manufacturers ? Strong IP portfolio March 2,

2017 | ASM proprietary information |

12 CUSTOMER CONCENTRATION ? Engaged with all of the top-10 semiconductor capital equipment spenders ? Increase in contribution top-3 in

2016 driven by Logic/Foundry ASMI revenue Growing share of wallet with top clients 0% 25% 50% 75% 100%

2011 2012

2013 2014

2015 2016 Top

3 Nr 4-10 Rest March 2,

2017 | ASM proprietary information |

13 HIGHLIGHTS ? ALD market expected to resume growth ? For 2017, a clear improvement in the single wafer ALD market is expected;

long term outlook remains solid ? In 2016, single wafer ALD market showed a double digit drop as lower sales in Memory were only partially offset by strong Logic/Foundry demand ? Shareholder remuneration ? 2015/2016 EUR 100m share buyback completed on November 11,

2016 ? On March 2, 2017, we announced an increase in the 2016/2017 buyback program from EUR 50m to EUR 100m ? EUR 140m in total cash returned to shareholders in

2016 (FY 2015: EUR 116m) ? Stable dividend of EUR 0.70 per share proposed to the AGM

2017 ? TSMC supplier excellence award ? On February 23, 2017, ASMI received a supplier excellence award as one of five equipment suppliers from TSMC for ALD equipment and technology March 2,

2017 | ASM proprietary information |

14 ASMPT RESULTS ? As of

15 March 2013, our share of approximately 39% of ASMPT'

s net earnings is included in '

result from investments'

? Amortization intangible assets resulting from the sale of the 12% stake in ASMPT is expected to be stable at EUR 27m in 2017, on a currency comparable basis Q4

2015 Q3

2016 Q4

2016 Sales ASMPT (HK$m) 2,928 4,197 3,521 Net profit ASMPT excluding one-offs (EURm, 100% based)

10 68

47 Normalized result from investments (including ASMI'

s 39% share of ASMPT net profit) 1.6 26.7 18.4 Amortization intangible assets resulting from the sale of the 12% stake of ASMPT (7.1) (6.7) (7.0) Result from investments (5.5) 20.0 11.4 March 2,

2017 | ASM proprietary information |

15 FINANCIAL OVERVIEW March 2,

2017 | ASM proprietary informatio........