Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Q3 2022 Earnings Presentation
16 slides from Nano Dimension's earnings presentation, Dec 1, 2022
Slide 1: Nano Dimension 3rd Quarter 2022 Results and Earnings Call
Nano Dimension Leading Manufacturing into the Future 3rd Quarter 2022 Results and Earnings Call Yoav Stern, CEO & Chairman Yael Sandler, CFO Julien Lederman, Head of Corporate Development December 1st, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Nano Dimension Ltd. (the “Company” or “Nano Dimension”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “bel
Slide 3: Business Highlights – Q3/2022
Business Highlights – Q3/2022 Accelerating Through Important Business Milestones • M&A and investment activities – Admatec & Formatec acquisition – expansion of our Additive Manufacturing machines and materials (“AM”) presence – new machines & new materials • Fabrica 2.0 material development – Mater
Slide 4: Financials Highlights
Financials Highlights Financial Performance Q3 2022 Financial Commentary Revenue $10.0M • The gross margin is lower than anticipated, which is the result of: Gross margin (IFRS) 18% – Held-back deliveries (by customers in Europe) of the additive electronics machines Gross margin (non-IFRS)1 Excludin
Slide 5: Market Commentary
Market Commentary Prevalence of Several Macro Factors • Several Europe related challenges have impacted the demand for our additive electronics systems, including: – The War in Ukraine (affected mostly customers in Europe) – Supply chain issues for certain components • However unfortunate the impact
Slide 6: Admatec and Formatec (Acquisition: July 2022)
Admatec and Formatec (Acquisition: July 2022) Leader in advanced ceramic and metallurgy fabrication • Activity: Developer and manufacturer • Activity: Service bureau – parts from of additive manufacturing systems design to production • Technology: Digital Light Processing • Technology: Injection mol
Slide 7: Investing In Our Future
Investing In Our Future Committed to R&D to Secure Our Technological and IP Leadership R&D Expenses R&D Expenses as % of Total Operating Expenses Unhindered R&D Focus With Our Strong Capital Position Investing in all Our Groups to Build a Long-Lasting Competitive Edge Products and Services $20 M 80%
Slide 8: Capital Available For Long-Term Success
Capital Available For Long-Term Success Cash Balance¹ to Net Cash Used in Operating Activities² 13.6x 2.1x 1.1x 0.9x 0x 3x 6x 9x 12x 15x 1 Including cash, cash equivalents, investment in trading securities, and short and long-term unrestricted bank deposits (MKFG, DM, VLD [10-Q] 2022 Q1-Q3) 2 Based
Slide 9: Value driven M&A
Value driven M&A Total Consideration to Revenue— Acquiring at Reasonable Multiples 13x 10.3x 10x 8x 5x 3.2x 2.4x 3x 1.9x 0.8x 0x Essemtec GIS Admatec Formatec Nanoscribe 1 ExOne 2 1 Based on the agreement released by BICO (MAY 19, 2021) 2 Based on Desktop Metal Inc. 2021 annual report on Form 10-K d
Slide 10: Continued Significant Growth
Continued Significant Growth Strong Year-on-Year Results Revenue Gross profit (excluding amortization) $40 M $14 M $30 M $11 M $20 M $7 M $10 M $4 M $0 M $0 M Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2021 Q1-Q3 2022 ©2022 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission i
Slide 11: An Expanded Vision
An Expanded Vision • The vision of the company has been expanded based on the conclusion we have reached from the following data points: – Nano Dimension’s successful current growth through expansion of revenues – The emerging results of growth originated from acquisitions and organic growth under N
Slide 12: Our Vision
Our Vision To transform AME, AM & adjacent industrial non-yet-fully-digitalized sectors into an environmentally friendly & economically efficient additive manufacturing Industry 4.0 – enabling a one production-step-conversion of digital designs into functioning mechanical & electronic devices, on de
Slide 13: Additional comments and Q&A
Additional comments and Q&A SS ODIMENSION Electrifying Additive Manufac
Slide 14: Appendix
Appendix NANODIMENSION Electri ifying Additive Manufacturin; ig”
Slide 15: Reconciliation for Non-IFRS Measures
Reconciliation for Non-IFRS Measures Amounts in thousands of USD The following is a reconciliation of EBITDA and Adjusted EBITDA to loss before taxes, as calculated in accordance with International Financial Reporting Standards (“IFRS”): For the Three-Month Period Ended September 30th, 2022 Loss bef
Slide 16: Key Metrics Q3 2022
Key Metrics Q3 2022 Amounts in thousands of USD Income Statement Balance Sheet Cash Flow Q3 2022 Q3 2021 Q3 2022 Q3 2021 Q3 2022 Q3 2021 Cash Total CF from $9,998 $1,340 and cash equivalents $1,048,712 $1,385,391 ($22,303) ($11,262) Revenue and unrestricted bank operations deposits CF from Gross Pro