Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Q2 2023 Earnings Presentation
16 slides from Nano Dimension's earnings presentation, Aug 21, 2023
Slide 1: Q2 2023 Results & Earnings Call
Nano Dimension Leading Manufacturing into the Future 2 nd Quarter 2023 Results & Earnings Call Yoav Stern, Chairman & CEO Yael Sandler, CFO Julien Lederman, VP Corporate Development August 21 st , 2023
Slide 2: Forward Looking Statements
Forward Looking Statements ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 2 This presentation of Nano Dimension Ltd . (the “Company” or “Nano Dimension”) contains “forward - looking statements” within the meaning of the Private
Slide 3: Highlights – Q2 2023
Highlights – Q2 2023 ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 3 Important Milestones Underscore Strong Business Momentum Headline financials ▪ Higher revenue of $14.7M ▪ 33% higher from the same quarter in 2022 ▪ 38% high
Slide 4: Financials – Q2 2023
Financials – Q2 2023 ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 4 Q2 2023 Q2 2022 In USD $14.7M $11.1M Revenue $6.5M $3.6M Gross Profit (IFRS) 44% 32% Gross Margin (IFRS) $7.0M $4.4M Adjusted Gross Profit (non - IFRS) 1 48%
Slide 5: Steady & Strong Revenue Growth
$5M $10M $20M $30M $39M $44M $48M $52M $59M $0M $15M $30M $45M $60M $75M Q3 2021 LTM Q4 2021 LTM Q1 2022 LTM Q2 2022 LTM Q3 2022 LTM Q4 2022 LTM Q1 2023 LTM Q2 2023 LTM 2023 Run Rate (H1 2023 Annualized) Steady & Strong Revenue Growth Consistent Growth for Last Twelve Months (LTM) Revenue for Past 8
Slide 6: Strong Growth and Increasing Margins
40% 48% 0% 15% 30% 45% 60% Q2 2022 Q2 2023 Strong Growth and Increasing Margins Robust Year - on - Year Results Revenue Adjusted Gross Margin % (non - IFRS) 1 $11.1M ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 6 $14.7M $0M $
Slide 7: Significantly Outperforming Peers
Source Q2 2023 – Q2 2022 YoY Revenue Increase % / Decrease % ([DDD, DM, MKFG, SSYS] Q2 2023 filings) 1 Peer Group Weighted Avg. includes the average of DDD, DM, MKFG, SSYS Q2 2023 – Q2 2022 YoY Revenue increase % / decrease % (8%) (8%) (4%) 5% (6%) 33% (10%) 0% 10% 20% 30% 40% 50% Peer Group Avg. 1
Slide 8: AGM: Vote FOR the Nano Board
Annual General Meeting (“AGM”) Your Investment Is at Risk Vote FOR the Nano Board Delivering Results x Growth with strong fundamentals – 12x Revenue growth from 2020 to 2022 – ~$60M 2023 Revenue run - rate in H1/2023 x Strategic M&A – Synergy, Value, and Innovation – Avg. combined organic growth of
Slide 9: AGM: Vote AGAINST the Murchinson Proposals
Annual General Meeting (“AGM”) Your Investment Is at Risk Vote AGAINST the Murchinson Proposals “I don't analyze the activity, because I don't understand 3D printing… we really have no idea what is good and what is not good to do here.” — Moshe Sarfaty, Murchinson Senior Analyst This is a quote take
Slide 10: Learn more
Learn more: ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 10 • Website: www.protectingnanovalue.com • Materials: – Letter to shareholders (August 16, 2023) – Click here to open – Letter to shareholders (August 8, 2023) – Click
Slide 11: Q&A
Q&A ©2022 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 11
Slide 12: Appendix
Appendix : is RAP7\[(Nase NANODIMENSION Electrifying Additive Manufacturing *
Slide 13: Fuel to Become Industry Leader With Capital to Support Growth
Fuel to Become Industry Leader With Capital to Support Growth Multiple of Cash Balance¹ to Annual Net Cash Used in Operating Activities² 1 Including cash, cash equivalents, investment in trading securities, and short and long - term unrestricted bank deposits ([MKFG, DM, VLD] Q4/FY 2022 filings) 2 B
Slide 14: Reconciliation for Non-IFRS Measures
Reconciliation for Non - IFRS Measures ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 14 EBITDA is a non - IFRS measure and is defined as income before taxes, excluding depreciation and amortization expenses and amortization of
Slide 15: Reconciliation for Non-IFRS Measures
Reconciliation for Non - IFRS Measures ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 15 Amounts in thousands of USD The following are reconciliations of income before taxes, as calculated in accordance with International Finan
Slide 16: Key Metrics
Key Metrics Q1 2023 Amounts in thousands of USD ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 16 Cash Flow Balance Sheet Income Statement Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 (28,163) (21,968) CF from operations 1,1