Slide 1: XTPL S.A. Financial Results for 2021
XTPL S.A. FINANCIAL RESULTS FOR 2021 XTPL S.A. Filip Granek, CEO Autor: AprilData: 26, 2022 19 październik 2019 xtpl.com
Slide 2: XTPL at Glance
XTPL AT GLANCE XTPL is a global player, developer and provider of breakthrough and unprecedented technology for electronics manufacturers, enabling effective production of new generation devices Founded in 2015, based Targeted and effective Implementation of in Poland and USA strategy focused on com
Slide 3: Agenda
AGENDA 1. 2. EXECUTIVE FINANCIAL RESULTS SUMMARY 3. 4. 5. COMMERCIALIZATION TECHNOLOGY SUMMARY xtpl.com 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY FY’2021 – summary • significant increase in revenues from the sale of products to the level of over PLN 2.08 million compared to PLN 64 thousand PLN in the previous year in connection with the commercialization of XTPL solutions for two (out of three) business lines of the company
Slide 5: Financial Results – Summary of 2021 & 4Q2021
FINANCIAL RESULTS – SUMMARY OF 2021 & 4Q2021 * figures in EUR thousand 2021 2020 4Q2021 4Q2020 Revenue from sales 456 14 409 4 • increased revenues from the sale of products due to the commercialization of XTPL solutions under two Grants (refunds and advances) 973 498 394 266 business lines Operatin
Slide 6: Financial Results – Summary of 2021
FINANCIAL RESULTS – SUMMARY OF 2021 * figures *daneinwEUR tys.thousand PLN • a robust increase in sales • the average sales margin was 76% • successful acquisition of grants • average monthly cost of EUR 160 thousand vs. EUR 144 thousand xtpl.com 6
Slide 7: Cash Flow
CASH FLOW * figures in EUR thousand xtpl.com 7
Slide 8: XTPL Grant Projects
XTPL GRANT PROJECTS Innovative technology for precise deposition of conductive mesh for application in 4Q2020 new generation OLED displays • Implementation period: July 2020 – June 2023: • Project value: EUR 3.6 million • Contribution from European Funds: EUR 2.6 million Development of breakthrough
Slide 9: Analytical Coverage by Stifel Europe Bank AG
ANALYTICAL COVERAGE BY STIFEL EUROPE BANK AG Stifel Europe Bank AG is European institution in the financial services sector specializing in the areas of equity brokerage, investment banking and fixed income. The scope of its analysis currently covers shares of 400 companies, mainly from Europe. XTPL
Slide 10: Mega Trends of the Electronics Markets
MEGA TRENDS OF THE ELECTRONICS MARKETS Miniaturization of the size and weight of electronic devices while increasing efficiency and speed of operation Changing the forms and properties of consumer electronics : • flexibility • new shapes, including three-dimensional forms Ecology: • saving materials
Slide 11: Platform Character
PLATFORM CHARACTER • USD 47.1bn - value of the global market of printed, flexible and organic electronics in 2021, up 14.0% YoY ADVANCED ELECTRONICS • USD 63.3bn - estimated value of this market in 2025, with USD 74.1bn estimated in 2030 • 9.0% - CAGR 2020–2025 OLED DISPLAYS ADVANCED INTEGRATED CIRC
Slide 12: Company Development Phase
COMPANY DEVELOPMENT PHASE NEXT STEP CURRENT PHASE • integration of XTPL Printing INITIAL TECHNOLOGY • Research & Development Module to industrial DEVELOPMENT PHASE • rapid prototyping equipment • commercialization of the Delta • continuous supply of ink Printing System and XTPL nanoinks and nozzles
Slide 13: The Uniqueness of the XTPL Ultra-Precise Deposition Technology
THE UNIQUENESS OF THE XTPL ULTRA-PRECISE DEPOSITION TECHNOLOGY The XTPL technology stands out from other methods in terms of both viscosity and structure sizes, which makes it unique on the market • ability to print high viscous materials along with small feature sizes • high aspect ratios just afte
Slide 14: XTPL Products
XTPL PRODUCTS Microelectronics rapid prototyping possibilities to the feature sizes and applications previously unavailable to other printing techniques HIGH-RESOLUTION DELTA HIGHLY- HIGHLY- „EPSILON” PRINTING CONCENTRATED CONCENTRATED PRINTING MODULE SYSTEM NANOINKS NANOINKS FOR INTEGRATION ▪ print
Slide 15: International Business Partners
INTERNATIONAL BUSINESS PARTNERS XTPL DISTRIBUTORS BANDI CONSORTIA* SEMITRONICS* VERTEX (South Korea) YI XIN* (British Isles) MERCONICS (India) XTPL has established (China and Hong Kong) XTPL intends to introduce its (Germany) XTPL started cooperation cooperation with Bandi XTPL is expanded its prese
Slide 16: Global Range of Activity
GLOBAL RANGE OF ACTIVITY XTPL is based in Poland and in the USA (XTPL Incorporated). The Company is in talks with global players and is currently commercializing its products on the markets of North America, Europe and Asia. XTPL acquired business partners in South Korea, China and Hong Kong, Britis
Slide 17: Commercialization of the XTPL Products – 2021 Summary
COMMERCIALIZATION OF THE XTPL PRODUCTS – 2021 SUMMARY HIGH-RESOLUTION DELTA HIGHLY- „EPSILON” PRINTING CONCENTRATED PRINTING MODULE SYSTEM NANOINKS FOR INTEGRATION xtpl.com 17
Slide 18: High-Resolution Epsilon Printing Module for Integration
HIGH-RESOLUTION „EPSILON” PRINTING MODULE FOR INTEGRATION Basic information: Goal: • innovative printing head with compatible • printing module for integration with nanoinks enables ultra-precise creation of industrial equipment conductive lines on the selected substrate • thanks to the integrabilit
Slide 19: Current Industrial Project Pipeline
CURRENT INDUSTRIAL CURRENT INDUSTRIAL PROJECT PIPELINE PROJECT PIPELINE (only projects in Stage 2 and above shown) (only projects in Stage 2 and above shown) STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 INDUSTRY AND PARTNER / Base-technology Initial contact and Technology Evaluation Technology In
Slide 20: Delta Printing System
DELTA PRINTING SYSTEM Goal: Key information: • XTPL technology demonstrator • an independent R&D system for rapid • building the credibility of XTPL in the industry by prototyping using XTPL’s® UPD technology key opinion leaders (an industry expert) and • product developed in 2020 and continuously r
Slide 21: Delta Printing System: Commercialisation and Pipeline
DELTA PRINTING SYSTEM: COMERCIALISATION AND PIPELINE 2021 2021 Until the first industrial implementation, the company decided to sell its products in the form of a printer and nanoinks in order to OFFER MADE DEMO PROJECTS AND SALES CONTRACT SIGNED TO A POTENTIAL CLIENT NEGOCIACIONS IN TOTAL* start g
Slide 22: XTPL Nanoinks
XTPL NANOINKS Inks dedicated to different technology types: • they have dedicated physicochemical properties enabling full utilization of the UPD method’s potential • the inks are products that can be commercialized separately • developed ink formulations dedicated to the most comprehensive printing
Slide 23: Nanoinks: Commercialisation and Pipeline
NANOINKS: COMERCIALISATION AND PIPELINE SAMPLE SENT TO SALES CONTRACT OFFER MADE TO A POTENTIAL CLIENT AND SIGNED AND PRODUCT POTENTIAL CLIENT NEGOTIATIONS DELIVERED 43 12 19 Key milestones: • 19 independent orders from the EMEA region, Asia and USA in 2021 • 35 orders from the beginning of the comm
Slide 24: Nano Dimension – Starting the Collaboration
NANO DIMENSION – STARTING THE COLLABORATION • On January 10, 2022, XTPL entered into a cooperation agreement with Nano Dimension Ltd. • Collaboration to develop a special formulation of conductive ink for the devices manufactured and supplied by Nano Dimension • The special formulation for electroni
Slide 25: nScrypt – Private Label Agreement
NSCRYPT – PRIVATE LABEL AGREEMENT • On April 5, 2022, XTPL strengthens cooperation with nScrypt Inc. by concluding a private label agreement. • XTPL’s Ag Nanopaste CL85 will be added to nScrypt’s product offer and will be marketed to nScrypt’s production system users from medical device, defense and
Slide 26: Technology and R&D – Summary of 2021
TECHNOLOGY AND R&D – SUMMARY OF 2021 Main achievements and progress in research and development in 2021: In 2021, XTPL actively participated in 19 international industry events and organized 3 webinars on XTPL technologies and products: • development of Ag ink formulations dedicated to various print
Slide 27: Precise Microdots Printing
PRECISE MICRODOTS PRINTING The capability of printing highly repeatable microdots with a diameter of less than 10 μm can be used in such applications as connections in advanced integrated circuits, micro-LED connections in next generation displays, precise deposition of functional materials (such as
Slide 28: Transparent Silver Interconnections
TRANSPARENT SILVER INTERCONNECTIONS In cooperation with the Humbolt University in Berlin and Helmholtz Zentrum Berlin, XTPL printed very thin (less than 20 μm wide) conductive paths to power LEDs mounted using the surface-mount technology (SMT). The jointly created demonstrator is the first step to
Slide 29: Intellectual Property Protection – Summary
INTELLECTUAL PROPERTY PROTECTION – SUMMARY XTPL’s global solutions are being systematically secured by expansion of the patent INTELLECTUAL cloud. Intellectual property is a product and a competitive advantage, while PROPERTY development of the patent cloud has a major impact on the Company’s value
Slide 30: War in Ukraine - Impact on XTPL
WAR IN UKRAINE - IMPACT ON XTPL MARKET IMPACT IMPACT ON INTERNAL ACTIVITIES The war in Ukraine did not change XTPL's operating model. The Company and its employees undertook a number of activities to help Ukrainian war The Company has not been affected by any impact of the refugees, for example: con
Slide 31: COVID-19 – Impact on XTPL
COVID-19 – IMPACT ON XTPL MARKET IMPACT IMPACT ON INTERNAL ACTIVITIES • XTPL activities and target markets are not among the ones • the Company is well prepared internally for remote work. Technological which are heavily affected by COVID-19 activities are executed continuously in our labs under app
Slide 32: XTPL Virtual Investor Day
XTPL VIRTUAL INVESTOR DAY Basic information • date: September 14, 2021 • number of participants: ~ 200 people • form: live presentation with the XTPL Management Board and video materials with key employees, selected business partners as well as showing the company's assets and a Q&A session Purpose
Slide 33: 2022 – Summary of Key Events
2022 – SUMMARY OF KEY EVENTS • Signing an agreement with the American company nScrypt for the sale Ag Nanopaste CL85 developed by 2Q2022 • XTPL Completing the first stage of the technological phase with Nano Dimension and receiving the first tranche of contractual payment • Commencing cooperation wi
Slide 34: Why XTPL? – Summary
WHY XTPL? – SUMMARY XTPL is a global player in the rapidly growing printed electronics market, with a targeted development strategy, an interdisciplinary team of experts and support from stable shareholders. It offers global business partners the world’s most precise, platform printing technology, p
Slide 35: Thank You
CONTACT FOR INVESTORS: investors@xtpl.com XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com THANK YOU
Slide 36: Disclaimer
DISCLAIMER This presentation has been prepared by XTPL S.A. (“Company”) for the sole purpose of giving an introduction on the business of the Company. The presentation: • has selected information; it does not give a comprehensive description of business or financial analysis of the Company; • is not