3D Systems Corporation · NYSE:DDD
3D Systems — Q4 2006 Earnings Presentation
13 slides from 3D Systems's earnings presentation, Mar 20, 2007
Slide 1: Conference Call & Webcast: Discussion of Delay in Fourth Quarter and Full Year 2006 Results
3D Systems Corporation Conference Call & Webcast Discussion of Delay in Fourth Quarter and Full Year 2006 Results March 20, 2007 NASDAQ: TDSC www.3dsystems.com
Slide 2: Welcome Webcast Viewers
Welcome Webcast Viewers If you wish to ask questions at the end of the conference call, you should register as “Interactive Teleconference.” If you did not register as “Interactive” and wish to participate, please follow the steps below: Check the icon marked “Phone Connection” on the toolbar at the
Slide 3: Participants
Participants Chanda Hughes Coordinator, Investor Relations Abe N. Reichental President & Chief Executive Officer Jerry Pribanic Interim Vice President & Chief Financial Officer Robert M. Grace, Jr. Vice President, General Counsel & Secretary
Slide 4: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation 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 may involve known and unknown risks, un
Slide 5: Yesterday's Announcement
Yesterday’s Announcement We filed for an extension of time to file our Form 10-K We have delayed releasing our fourth-quarter and year-end 2006 operating results until we finish the 10-K We wanted to explain to you why we have taken these steps We wanted to share with you preliminary results for the
Slide 6: Fourth Quarter 2006 Expectations
Fourth Quarter 2006 Expectations We believe that: Revenue for the fourth quarter should be in the range of $42 to $44 million Backlog should be in the neighborhood of $5 million at December 31, 2006 Revenue for materials is expected to continue its double-digit pace of growth Service revenue should
Slide 7: Fourth Quarter 2006 Expectations (continued)
We believe that: Operating expenses for the fourth quarter should be in the range of $19 million to $21 million reflecting: residual expenses of relocating to Rock Hill ERP implementation costs abnormally high expenses in connection with our restatements Net pre-tax loss should be in the range of $3
Slide 8: State of Business
State of Business We believe that our business model is sound! Specifically we believe that: We have made good progress in resolving the causes of the business disruptions and the material weaknesses that have adversely affected our operations since the second quarter of 2006 We have already incurre
Slide 9: State of Business
State of Business Invested approximately $17 million to support our strategic initiatives, including: Our relocation to Rock Hill Inventory levels we previously disclosed As we make further improvements in our working capital management, we expect to return to our historical levels of performance in
Slide 10: Other 2006 Significant Events
Other 2006 Significant Events Enhanced the performance of our Viper™ Pro SLA® and Sinterstation® Pro SLS® systems Introduced new digital dentistry system, the InVision® Dental Pro Introduced several new engineered materials and composites Continued outsourcing non-core activities Continued pruning o
Slide 11: Bottom Line
Bottom Line We have experienced significant business setbacks and disruptions in the course of implementing our strategic initiatives that we believe are now behind us We are pleased with our continued strong order booking progression We are gratified with the sequential come back we are making We a
Slide 12: Question & Answer Session
Out of respect for other conference call participants, please ask one question and then return to the queue to ask additional questions. Because of the preliminary nature of our fourth-quarter results, we are not in a position today to comment further on them. All questions must be directed through
Slide 13: Thank You for Participating
Thank You for Participating A recording of this Webcast will be available two hours after completion of the call for three days. To access the recording, dial 1-800-642-1687 (or 706-645-9291 from outside the United States) and enter 3129215, the conference call ID number. A replay of this Webcast wi