ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2020 RESULTS

Almere, The Netherlands
October 28, 2020, 6 p.m. CET

ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2020 operating results (unaudited) in accordance with IFRS.

Strong quarterly results driven by continued logic/foundry demand and an exceptionally high gross margin

FINANCIAL HIGHLIGHTS

EUR million	Q3 2019	Q2 2020	Q3 2020
New orders	291.8	298.0	303.4
Revenue	271.2	341.8	314.6
Gross profit margin %	42.4	48.3	49.9
Operating result	50.6	87.6	83.9
Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013)	6.5	10.7	6.3
Amortization intangible assets (resulting from the sale of ASMPT stake in 2013)	(3.5)	(3.3)	(3.0)
Net earnings	53.5	74.1	58.1
Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares)	56.9	77.4	61.2

• New orders at €303 million were 2% above the level of last quarter and 4% above the level of last year.
• Revenue for the third quarter 2020 was €315 million and decreased 8% compared to the previous quarter, half of that decrease is caused by exchange rate translation differences.
• Gross profit margin was 49.9% in Q3 2020 compared to 48.3% in the previous quarter, driven by an exceptionally strong mix. Operating result was €84 million compared to €88 million in the previous quarter, mainly due to lower sales, partly compensated by a higher margin percentage and lower costs.
• Normalized net earnings for the third quarter 2020 were lower at €61 million compared to €77 million in Q2 2020. Main reasons for the decline are the depreciation of the US dollar causing a translation result of €14 million negative as compared to the €6 million negative in Q2 and the €4 million lower result from investments.

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