3d Systems Corporation · NYSE:DDD

3d Systems — Q1 2016 Earnings Presentation

16 slides from 3d Systems's earnings presentation, May 5, 2016

  1. Slide 1: First Quarter 2016 Conference Call & Webcast

    First Quarter 2016 Conference Call & Webcast May 5, 2016 WWW.3DSYSTEMS.COM | NYSE: DDD

  2. Slide 2: Welcome and Participants

    Welcome and Participants Vyomesh Joshi • President & Chief Executive Officer Dave Styka • Executive Vice President; Chief Financial Officer Andy Johnson • Executive Vice President; Chief Legal Officer Stacey Witten • Vice President, Investor Relations To participate via phone, please dial: • 1-877-4

  3. Slide 3: Forward Looking Statements

    Forward Looking Statements This presentation contains certain statements that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, o

  4. Slide 4: Vyomesh Joshi

    Vyomesh Joshi President & Chief Executive Officer

  5. Slide 5: Setting the Stage

    Setting the Stage 5

  6. Slide 6: Dave Styka

    Dave Styka Executive Vice President & CFO

  7. Slide 7: Operating Results - GAAP

    Operating Results - GAAP First Quarter Y/Y Increase $ in millions, except earnings per share 2016 2015 (Decrease) Revenue $ 152.6 $ 160.7 (5%) Gross Profit $ 77.5 $ 79.0 (2%) Gross Profit Margin 50.8% 49.1% 3% Operating Expenses $ 94.3 $ 96.5 (2%) % of Revenue 61.8% 60.0% 3% Operating Loss ($16.8) (

  8. Slide 8: Reconciliation of Non-GAAP to GAAP

    Reconciliation of Non-GAAP to GAAP First Quarter Y/Y Increase $ in millions, except earnings per share 2016 2015 (Decrease) GAAP net income ($ 17.8) ($ 13.2) (35%) Cost of sales adjustments: Amortization of intangibles $ 0.1 $ 0.1 0% Operating expense adjustments: Acquisition and severance expenses

  9. Slide 9: Revenue Drivers

    Revenue Drivers Compared to Q1 2015:  Printers decreased 24%  Excluding consumer, printers decreased 17%  Materials increased 4%  On demand manufacturing services decreased 15%  Software increased 22%  Healthcare increased 12% $ in millions 9

  10. Slide 10: First Quarter 2016 Revenue

    First Quarter 2016 Revenue By Category By Region Compared to Q1 2015*: Compared to Q1 2015*: • Products decreased 11% • Americas increased 2% • Materials increased 6% • EMEA decreased 2% • Services increased 1% • APAC decreased 15% 10 * Excluding consumer products and services

  11. Slide 11: Gross Profit & Margin

    Gross Profit & Margin $81.6  Shift away from $79.0 $77.5 $71.1 consumer aided $60.2* products GPM  Sales mix and supply chain efficiency improvements expanded materials GPM  Services GPM improved from higher contribution of healthcare and $ in millions software *Q4 2015 gross profit and margin wa

  12. Slide 12: Operating Expenses

    Operating Expenses $105.4 $105.7  Operating expenses $96.5 $94.3 decreased $2.2M YOY $88.9*  Non-GAAP operating expenses increased $4.4M YOY  Balancing investments in quality and critical areas with reducing cost structure $ in millions Non-GAAP operating expenses exclude costs related to acquisi

  13. Slide 13: Balance Sheet & Cash Flow

    Balance Sheet & Cash Flow $ in millions $ in millions • Enhancing processes for better working capital management • Improving cash generation from operations and free cash flow 13

  14. Slide 14: Building the Plan

    Building the Plan Improve quality, reliability Define market-based strategy Develop and strengthen and supply chain and organize around it culture 14

  15. Slide 15: Q&A Session

    Q&A Session In the USA: 1-877-407-8291 Outside the USA: 1-201-689-8345

  16. Slide 16: Thank You

    Thank You MANUFACTURINGT/HE FUTURE"

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