Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Investor Presentation (February 2022)
66 slides from Nano Dimension's investor presentation, Feb 10, 2022
Slide 1: Investor Presentation
Investor Presentation Nano Dimension Ltd. – Nasdaq: NNDM February 2022 NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights reserved.
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: Table of Contents
Table of Contents Video: https://vimeo.com/669022902/92d20ca801 Click 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Solving Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 3
Slide 4: Business Model
Business Model Nano Dimension's products have high gross margins and Click recurring revenue* Video: from: Hardware & Software Materials Services • System sales • Consumables, i.e., materials • Service contracts Estimated Estimated Up to Recurring Recurring $500K Revenue Revenue 10% per 5-12% per Pe
Slide 5: Revolutionary outputs: Hi-PEDs
Revolutionary outputs: Hi-PEDs® Nano Dimension’s DragonFly IV and FLIGHT software produces high quality Hi-PEDs® and Complex Printed Circuit Boards (PCBs) NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 5
Slide 6: Revolutionary outputs: micro parts
Revolutionary outputs: micro parts • Fabrica 2.0® introduces Additive Manufacturing (AM) to the micro manufacturing process • Harnesses semiconductor lithography alongside advanced optics to execute the most advanced 3D printing to date • No tooling cost, minimal set-up cost, mass customize/personal
Slide 7: Animal Kingdom: Pick-And-Place Assembly Solutions
Animal Kingdom: Pick-And-Place Assembly Solutions Smart and Highly Flexible SMT Solutions A leading developer of production equipment for electronic assembly with a core business in adaptable, smart and highly flexible SMT (Surface Mount Technology) Pick-and-Place equipment, sophisticated materials
Slide 8: Ink Delivery Systems (IDS)
Ink Delivery Systems (IDS) Global Inkjet Systems (GIS) The Complete Package GIS is the leading developer and supplier of application software, drive electronics and ink system components – supporting a wide range of industrial inkjet printheads. NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension
Slide 9: Deep Learning-based AI
Deep Learning-based AI: Higher-yield, Self-improving, Faster, Cost Effective Drives better performance, faster throughput and higher Advances technology by generations yield based on self-learning, self-improving, and self- and erects barriers for entry and correcting algorithms competitive edge for
Slide 10: The Opportunities
THE OPPORTUNITIES 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Solving Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights reserved.
Slide 11: Nano Dimension - At a Glance (February 2022)
NANO DIMENSION - AT A GLANCE (February 2022) 4 FACTS 65+ 6000+ 130+ Apr 21- Jan 22 AME/AM Systems Sold PCB Assembly Systems Sold IDS Customers Acquisitions Completed Balance Sheet $1.35B $2.8M >$120M Poised to deliver an Approx., as of December 31st, INDUSTRY 4.0 2021 Cash & deposits Debt R&D Invest
Slide 12: Timeline
Timeline NANO DIMENSION TIMELINE 2014 - 2021 Q4 2021/ 2016/2017 • Released the 2020/2021 • Nano Dimension Q1 2022 • In 2014, introduced DragonFly acquired Nano additive • Nano Dimension system for • Presented a new Fabrica (AM • Nano Dimension manufacturing listed on the additively strategy and prec
Slide 13: Nano Dimension Revenue at a Glance
NANO DIMENSION Revenue AT A GLANCE FIGURES As of December 31st, 2021 ~$10M 2021 $7M 2019 $5M $3.4M 2018 2020 $0.1M $0M $0M 2017 NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 13 2015 2016
Slide 14: Business Balance Sheet
Business Balance Sheet Nano Dimension: Nasdaq: NNDM Assets • ~$1.355 billion of cash • >60 Additively Manufacturing Electronics (AME) 3D-Printing Electronics Machines sold to Blue-Chip customers in 4 continents • 3 Breakthrough micro-AM Machines in advanced Beta Sites, including 1 to a Blue-Chip wes
Slide 15: The Technology
THE TECHNOLOGY 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Solving Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights reserved.
Slide 16: Industry-Leading, Transforming AME Tech
Industry-Leading, Transforming AME Tech The DragonFly® AME System manufactures High-Performance Electronic Devices (Hi-PEDs®) through one-of-a-kind, AI-driven 3D- inkjet process. NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 16
Slide 17: Additively Manufactured Electronics: Simplifying a Complex Process
Additively Manufactured Electronics (AME) Simplifying a Complex Process How does AME Work? 1. Two inkjet printheads apply both materials simultaneously 2. The object is built up layer by layer through full stack thickness NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 1
Slide 18: High Performance Electronic Devices (Hi-PEDs)
High Performance Electronic Devices (Hi-PEDs®) Nano Dimension’s machines and processes allow for previously unprecedented geometries and complex devices, ushering in a new age of more efficient and more accessible technology - known as High-Performance Electronic Devices – Hi-PEDs® NASDAQ: NNDM I ww
Slide 19: Putting The Winning Formula Together
Putting The Winning Formula Together The electronics & additive manufacturing industry needs advanced production technologies that are digital from start to finish to meet the speed and efficiency standards of Industry 4.0. ● Design Innovation: Remove the geometric limitations of circuit board desig
Slide 20: Electronics Production, Reinvented
Putting The Winning Formula Together Electronics Production, Reinvented NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 20 20
Slide 21: Solution: Nano Dimension Systems
Solution: Nano Dimension Systems We erase inefficiencies associated with traditional production methods and we launch an entirely new generation of high-tech production More sustainable Demonstrably superior on key ecological, environmental, and waste metrics. Faster With prints performed in 24 - 48
Slide 22: Investment advantage
Investment advantage Nano Dimension business value is expected to rise with investment in M&A, commercialization, and R&D • Nano Dimension is positioned in an ecosystem incorporating high growth opportunities • M&A will likely yield business growth opportunities – changing the size of the business s
Slide 23: Our Vision & Mission
NANO DIMENSION: Our Vision & Mission Nano Dimension is reinventing electronics‘ fabrication & assembly, as well as specialized mechanical AM industries, aiming to achieve the vision of Industry 4.0 Our goals are to: • Transform the electronic fabrication industries • Create a new paradigm in electro
Slide 24: Nano Dimension
NANO DIMENSION • You never change things by fighting the existing reality. • “To change something, build a new model that makes the existing model obsolete.” R. Buckminster Fuller “People who are really serious about software should make their own hardware.” Alan C. Kay “People who are really seriou
Slide 25: Current Industry Challenges
CURRENT INDUSTRY Challenges 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Solving Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights re
Slide 26: Historical Case Study Comparison
Historical Case Study Comparison The printing press exponentially accelerated and expanded the individual capacity for production and, thus, spurred the culturally-momentous Industrial Revolution 500 BCE à 1436 CE 1907 1970 2008 2016 However, only in 1970-2000 the printing press industry actually co
Slide 27: Challenges to Additive Manufacturing adoption
Challenges to Additive Manufacturing (AM) adoption Scaling AM is not trivial: Quality consistency Slow production speeds Accuracy Materials development Post-processing System maintenance Yet, real Artificial Intelligence, i.e., Deep Machine Learning, has rarely been applied! (due to performance limi
Slide 28: Additively Manufactured Electronics (AME)
Additively Manufactured Electronics (AME) Simplifying a Complex Process Definition of AME: Benefits of AME Additively Manufactured Electronics (AME) AME removes many of the challenges of the is the process of using additive intensive traditional Printed Circuit Boards manufacturing (also known as 3D
Slide 29: Current Industry Challenges: PCB Manufacturing
Current Industry Challenges PCB Manufacturing Slow production time and high costs Process – from initial innovation to having a product in hand – is both unnecessarily slow and high in cost. NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 29
Slide 30: Current industry - More Challenges
Current industry - More Challenges: PCB manufacturing 01 02 03 Poor energy efficiency, Slow production time and high costs, Potential for IP eco-unfriendly, long time to market, theft wasteful, unsustainable supply chain delays NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reser
Slide 31: Current Industry problems: PCB Manufacturing
Current Industry problems PCB Manufacturing Excessive Energy Use Due to sprawling manufacturing process Non-biodegradable material waste Due to inefficient and large-scale-oriented production methods Detrimental carbon footprint Due to poorly designed global supply chains NASDAQ: NNDM I www.nano-di.
Slide 32: Potential for IP theft
Current Industry Problems PCB Manufacturing Potential for IP theft Outsourcing manufacturing, especially in a competitive world, creates untold intellectual property (IP) concerns • Hardware design companies regard their PCB designs as core IP Therefore, many are reluctant to send designs to the APA
Slide 33: Solution: More Sustainable
Solution: More Sustainable The DragonFly IV’s in-house system: • Combines over 70 steps into one complete process. • Optimizes material use and drastically cuts environmental impacts. • Uses minimal relative energy. • Gains almost 100% savings in transportation energy and impact by avoiding global s
Slide 34: Solution: Faster
Solution: Faster Nano Dimension systems: • Vastly reduce overall production costs and price • Revolutionize R&D capabilities via rapid prototyping of error • Expedite time to market • Decrease reliance on economies of scale • Exponentially accelerate global innovation process DESIGN ECAD PoC & PROTO
Slide 35: Growth Strategy: Business Development
Growth Strategy: Business Development Since early 2021, a FOUR-pronged approach was planned and implemented as per Nano Dimension’s vision and mission: 1 - Accelerated R&D + Product Development 2 - Accelerated MATERIALS DEVELOPMENT 3 - Customer-centric Go-To-Market 4 - Synergetic M&A NASDAQ: NNDM I
Slide 36: Growth Strategy: R & D
Growth Strategy: R & D A multi-generation plan to help Nano Dimension AME customers realize production scale volumes. Stage I DragonFly IV - Successfully launched in November 2021 Stage II Next-Gen Machines - Materials to fit military-specs, including multiple inks and support material; DL/ML contro
Slide 37: A Strategic Acquisition - Robotic Brain
A Strategic Acquisition – “Robotic Brain” DeepCube was acquired for their Deep Learning technology to be applied in synergistic areas across additive manufacturing. Acquired April 2021 Hardware agnostic, Deep Learning Software Acceleration Engine, designed based on breakthrough research for both tra
Slide 38: Growth Strategy: Go-To-Market
Growth Strategy: Go–To–Market Human Capital Expansion Nano Dimension is building out GTM team in order to accelerate growth strategies Expanding team & capabilities of Sales, Marketing & Support groups in all geographic regions – including Essemtec and GIS colleagues. Team Members 600 * 400 200 0 Q1
Slide 39: Growth Strategy: Go-To-Market
Growth Strategy: Go-To-Market • Building a Commercial Division with • Focus on commercialization of products ability to reach and service customers • Invest heavily to populate the market with globally, including growing Boston & 3D AME & Micro AM Printing Systems Florida based USA operations ASAP,
Slide 40: Growth Strategy: Synergetic Mergers & Acquisitions
Growth Strategy: Synergetic Mergers & Acquisitions • In-house M&A team is driving a focused M&A strategy that seeks to help Nano Dimension to: • Realize customer synergies. • Accelerate R&D with enabling technologies. • Increase capabilities across the larger supply chain. • Four acquisitions thus f
Slide 41: Over 200 Target Companies Later
Over 200 Target Companies Later… In the last twelve months, over 170 target companies were studied with focus on technologies, customers, and business models. OBSERVATIONS: Valuations i. Type A: Inflated valuations – Asking prices (Type A) are regularly 10+ times EBITDA (historical average = 7-9 tim
Slide 42: Synergetic M&A strategy
Synergetic M&A strategy 3 types of acquisitions were explored, Type Z is now added Vertical ) Type A – Customer access e s (B integration log i Connecting to our potential customers Equipment chno te and assembly m t s yste (C ) d uc eco s Type B – Technologies g Pro tem & To advance Nano Dimension’
Slide 43: Nano Dimension's Buy & Build
NANO DIMENSION’s Buy & Build Nano Dimension is expanding its product portfolio to achieve its vision: • DragonFly: Additively Manufactured Electronics • Fabrica Group: Micro-AM solution for micron- resolution mechanical parts and manufacturing Driven by DeepCube Group: Deep Learning • Essemtec: Adap
Slide 44: Nano Dimension's AM Systems
Nano Dimension’s AM Systems Appeals to an expansive array of customers given its AM fabrication offerings: 1. DragonFly IV and FLIGHT 2. Fabrica 2.0 software – Ultra Precise 3D AM Electronics Printing MicroAM System Applications High Performance Electronic Devices (Hi- PEDs®) and complex circuit boa
Slide 45: Nano Dimension & Essemtec
Nano Dimension & Essemtec Nano Dimension and Essemtec combine leading additive manufacturing with advanced assembly technologies to make a major leap forward in automated electronic device innovation and production. Together, Nano Dimension & Essemtec: ● Create an intelligent, autonomous, integrated
Slide 46: Nano Dimension & GIS
Nano Dimension & GIS Nano Dimension and Global Inkjet Systems (GIS) present a unique combination of driving leading technological developments along with significant commercial growth upside • Combined forces and resources will differentiate Nano GIS GLOBAL Dimension’s pioneering and leading-edge te
Slide 47: Harnessing Deep Learning
Harnessing Deep Learning Using DEEPCUBE®, a deep-learning-based AI platform, our systems and equipment will become automated, autonomous, self-learning solutions that enable higher throughput and greater yield. NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 47
Slide 48: Opportunities to leapfrog with Deep Learning / Machine Learning
Opportunities to leapfrog with Deep Learning / Machine Learning M&A Type NG (NewGen) will be focused on moving a current AM technology closer to production scale volumes by addressing: Quality consistency Slow production speeds Post processing NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension.
Slide 49: Markets & Traction
MARKETS & TRACTION 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Solving Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights reserved.
Slide 50: Market: Customers by geography
Market: Customers by geography NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 50
Slide 51: Nano Dimension's Global Operation
Nano Dimension’s Global Operation Nano Dimension has: • Sold over 60 AME and Micro-AM Machines • Invested over $80 million in R&D • Built HQ in USA and sales organizations in the United • Commenced synergistic M&A program States, Asia, & Europe • Acquired DEEPCUBE® Group, Fabrica Group, Essemtec, •
Slide 52: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook IDTechEX (2019) Global 3D printing (AM) Market size: $13.78 billion in 2020 • The total market for 3D printed electronics will be 21.0% projected CAGR from 2021 to 2028 worth $2.3bn by 2029 and will be dominated by the 4500 Global 3D PRINTED ELECTRONICS
Slide 53: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook N A N O D I M E N S I O N : L E A D I N G T H E A M /A M E R E V O L U T I O N 3D Printed Electronics market is expected to be worth $2.4 billion by Additive Manufacturing (Metal & Polymers) Additive Manufacturing of Electronics (AME) 2025 $12,000 - Dat
Slide 54: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook In a post-corona world, companies move to tighten supply chains and move towards in-house production “The global supply chain right now is disrupted … the high –tech industry is heavily reliant on China and parts of Asia” Bloomberg “Industries will prob
Slide 55: Market: Customers by industry
Market: Customers by industry Defense Aerospace • 3 multi billion-dollar U.S. Defense Manufacturers • Leading Aerospace companies • 2 European Defense Manufacturers • Multiple Secret Service Agencies Military and Government • The U.S. military Medical • Leading Medical and Biotech companies Research
Slide 56: Market: Customer Testimonials
Market: Customer Testimonials Our customers are pleased with results “The DragonFly “The ability to “To have high- “Nano Dimension’s “With the DragonFly system enables us manufacture RF density components AME technology we will drive forward to achieve quick systems in-house quickly available simpli
Slide 57: Certifications
Certifications Nano Dimension has the right certifications to get the job done Top Quality certified ITAR REGISTRATION GRANTED, ISO 9001 CERTIFYING CLEARANCE TO WORK IN CONJUNCTION WITH U.S. certified MILITARY ISO 14001 OHSAS 18001 certified certified ISO 45001 RoHS certified compliant In-house Drag
Slide 58: The Future
THE FUTURE 01 Introduction & Overview 02 The Opportunities 03 The Technology 04 Current Industry Challenges 05 The Markets 06 The Future NASDAQ: NNDM NASDAQ: I www.nano-di.com NNDM I www.nano-di.com | © 2022 Nano | © 2022 Dimension. Nano Dimension. All rights reserved. All rights reserved.
Slide 59: New: The Right Management Team
New: The Right Management Team Yoav Stern Zivi Nedivi Ziki Peled CEO and Chairman President COO • CEO of Cyalume Technologies Inc., • COO/CRO of DVTEL Inc., Video Software company. • President & CEO of DVTEL Inc., Video Software company. chemical-lighting solutions • GM Security, FLIR Systems Inc. •
Slide 60: Present Investment Information
Present Investment Information Sustained ~$3.75 ~$1.355 High Per ADS billion Trading stock price cash & deposits on balance sheet Volumes (Nasdaq: NNDM) As of December 31st, 2021 As of January 2022 NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 60
Slide 61: Investment Advantage
Investment Advantage D S EV Nano Dimension is uniquely able to: IAL EL R O E PM T A R&D Product EN • Drive a full-fledged business D M Development T EV development strategy across R&D, EL LS Go-To-Market, and M&A O IA PM ER • Build and execute a strategy EN AT T M evolving toward high-mix-low- Disru
Slide 62: Thank You
THANK YOU @nanodimensiontech @3Dpcb www.nano-di.com NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved.
Slide 63: Appendix
APPENDIX • @nanodimensiontech • @3Dpcb • www.nano-di.com NASDAQ: NNDM I www.nano-di.com | © 2022 Nano Dimension. All rights reserved. 063 63
Slide 64: Investment advantage
Investment advantage Why invest 1 2 3 & become a long-term shareholder? Well financed with ~$4/ADS stock price* Steadily $1.355* billion cash showing upside relative to Demonstrating & deposits cash & business plans trading liquidity (as of December 31st, 2021) 7 6 5 4 Prominent Over 60 DragonFly &
Slide 65: Additively Manufactured Electronics
Additively Manufactured Electronics Nano Dimension achieves AME in two ways: DragonFly IV & FLIGHT Software NaNoS® 3D Printing System 3D Fabrication Services • Available for purchase or lease • A collaborative creation and design process • Easy ordering for our proprietary • Option to create proof o
Slide 66: Balance Sheet: Liabilities
Balance Sheet Nano Dimension: Nasdaq: NNDM Liabilities • Probability of not having enough cash to fulfill long term business plan 2 • Probability to raise more capital and dilute shareholders 2 • Probability of not growing as a result of the above 2 • Probability of overpaying for acquisitions 3 • P
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