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Jan van Duren 13 maart, 2014
Participation in Technology
Slide 4 |
Company (> 5,000 employees)R&D per employee (€)
ASML (semiconductors) 78,000
Lundbeck (pharma) 71,700
Porsche (automotive) 58,100
UBIsoft Entertainment (software) 54,400
Boehringer Ingelheim (pharma) 53,300
AstraZeneca (pharma) 48,400
Sanofi-Aventis (pharma) 43,600
GlaxoSmithKline (pharma) 41,300
Merck (pharma) 40,900
Source: European Commission: 2010 EU Industrial R&D Investment Scoreboard
World-class R&D
PublicOpen Innovation makes complexity and cost manageable
Academia
Suppliers
Customers
Technology partners
Slide 5
Public
Company2013 semi capex
(estimate, $M)
Intel 10,500
TSMC Group 9,750
Samsung 9,500
GlobalFoundries 4,000
SK Hynix 2,730
Toshiba (incl. SanDisk) 2,580
Micron Technology 1,800
United Microelectronics Group 1,500
SMIC 805
Infineon 640
Sony 617
STMicroelectronics 500
A market of 12 large ASML customers
Source: Gartner, Q4 2013
Slide 6
3 major clients hold 25% of the ASML shares (without voting rights)
Interconnected Participation
Interconnected Dependency
Slide 9 |
...the stairway to heaven…
Slide 10 |
ConfidentialASML Employee Participation PlansSlide 11
Employee Share Ownership Plans• BoM, Management and Employees• 10% of Employees – Up to Euro 12,000
Employee Share Purchase Plans• Management and Employees• Max 10% of Base salary; Premium 20%
Employee Profit Sharing Plans• Employees• Max 20% of Base Salary
ConfidentialASML Share Ownership Plan for EmployeesIncentive Shares Slide 12
Year Shares Value
Granted Per Part. Granted Per Part.
2009 110,000 220 2.2 mio 4,500
2010 132,500 240 2.7 mio 4,800
2011 152,500 220 3.9 mio 5,600
2012 167,500 200 6.0 mio 7,100
2013 99,500 100 5.9 mio 5,800
Conditions employees (non management)
Discretionary grant of shares
Recognition and retention
10% of employees nominated
Value up to Euro 12,000 (~ 10% to 15% of Base)
1 year service condition to vesting
ConfidentialASML Share Purchase Plan for EmployeesOrdinary Shares Slide 13
Year Partici-pants
Shares Acquired
Invested Value
ASML Premium
2011 ~ 1,000* 110,000 2.7 mio 530,000
2012 1,118 50,000 2.3 mio 470,000
2013 1,095 60,000 3.4 mio 690,000
Conditions (excluding Board of Management)
Buy shares from Net Income (broadly defined)
Max value of 10% (net) of gross base salary
After 1 year 20% premium (gross) on acquired value
Premium only when in service and in possession
Swop to options possible (Black & Scholes, 10 year)
Participation
Netherlands 16%
Europe 14%
USA 21%
Asia 11%
* Estimation of unique participants
ASML Share Price in 15 years: 1999 - 2014 Public
Slide 14 |
ASML Profit Sharing Plan for Employees
Year Pay Out
2005 8%
2006 12%
2007 14%
2008 6%
2009 0%
2010 18%
2011 20%
2012 18%
2013 14%
Participation: How about Influence?
Als iedere medewerker van ASML aandelen zou hebben in het bedrijf ter waarde van twee keer zijn bruto jaarinkomen……..
……..dan zouden alle medewerkers samen in totaal 3% van de aandelen van ASML bezitten
Participation in Influence Job Work Meetings Professional Culture
Speak Up
Take Charge
People Survey (Me@ASML) Works Council Labor Unions Shareholder Vote
Flexibilisering Arbeidsmarkt
?
ConfidentialSuccess factors participation plans: chicken and eggSlide 19
Trust
Connection
Believe
Participate in ASML,
Participate in Yourself