Xtpl Sa · GPW:XTP
Xtpl Sa — Q1 2023 Earnings Presentation
30 slides from Xtpl Sa's earnings presentation, May 18, 2023
Slide 1: Financial Results of XTPL for Q1 2023
FINANCIAL RESULTS OF XTPL FOR Q1 2023 XTPL S.A. Autor: MayData: 18, 2023 xtpl.com
Slide 2: Equity Story
EQUITY STORY XTPL is an international company that develops its operations on the dynamic market of printed electronics and delivers innovative technology to global manufacturers, enabling the effective fabrication of next generation devices, with plans for continued strong growth Groundbreaking pla
Slide 3: Agenda
AGENDA 1. 2. 3. 4. FINANCIAL RESULTS TECHNOLOGY OUTLOOK SUMMARY FOR Q1 2023 AND BUSINESS xtpl.com 3
Slide 4: Financial Results for Q1 2023
FINANCIAL RESULTS FOR Q1 2023 xtpl.com 4
Slide 5: Executive Summary Q1 2023
EXECUTIVE SUMMARY Q1 2023 PLN 3.0 million in revenues from the sale of products and • continuation of advanced work with international industrial partners in the services in Q1 2022 areas of: displays, semiconductors and PCBs A 3-fold increase YoY (+PLN 2.0 million YoY) • completing 9 technology eva
Slide 6: Strong Growth of Revenues from the Sale of Products - Q1 2023 Summary
STRONG GROWTH OF REVENUES FROM THE SALE OF PRODUCTS - Q1 2023 SUMMARY * figures in PLN thousand Przychody Revenueszefrom sprzedaży the Udział sprzedaży Commercial komercyjnej sales of komercyjnej commercial sale of produktów products andi usług services products and produktów services i usług wshare
Slide 7: Financial Performance - Q1 2022 Summary
FINANCIAL PERFORMANCE - Q1 2022 SUMMARY * figures in PLN thousand Q1 2023 Q1 2022 • 3-fold increase in revenues from the sale of Total revenues 3,580 1,619 products and services (+PLN 2 million YoY), Revenues from the sale of products and services 2,975 930 PLN +2.0 m YoY including DPS and nanoink s
Slide 8: Cash Flows - Summary Q1 2023
CASH FLOWS - SUMMARY Q1 2023 * figures in PLN thousand 1 000 270 344 2 975 435 1 135 1 225 3 322 6 010 3 794 01.01.2023 sprzedaż sale of dotacje grants amortyzacja depreciation pozostałe other koszt cost sprzedanych of working kapitał investing przepływy operating koszty operacyjne 31.03.2023 produc
Slide 9: Technology and Business
TECHNOLOGY AND BUSINESS xtpl.com 9
Slide 10: Megatrends Driving the Printed Electronics Market
MEGATRENDS DRIVING THE PRINTED ELECTRONICS MARKET 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
Slide 11: Growing Demand of Many Industries for High-Tech Solutions
THE GROWING DEMAND OF MANY INDUSTRIES FOR HIGH-TECH SOLUTIONS, PLATFORM CHARACTER OF XTPL'S TECHNOLOGY • USD 51 bn - value of the global market of printed, flexible and organic electronics in 2022, up 8% YoY ADVANCED ELECTRONICS • USD 66 bn - estimated value of this market in 2026, with USD 74 bn es
Slide 12: Globally Unique XTPL Technology
GLOBALLY UNIQUE XTPL TECHNOLOGY The XTPL technology provides solutions unattainable by any other methods available in the market and is unrivaled in terms of viscosity and size of conductive structures up to 1 um* • ability to print high viscous materials along with small feature sizes • high aspect
Slide 13: Intellectual Property Protection
INTELLECTUAL PROPERTY PROTECTION INTELLECTUAL XTPL’s global solutions are being systematically secured by expansion of the patent PROPERTY cloud. Intellectual property is a product and a competitive advantage, while the size and development of the patent cloud have a major impact on the Company’s va
Slide 14: Global Operations
GLOBAL OPERATIONS XTPL successfully commercializes its products in 18 countries (DPS and nanoinks) and conducts technology evaluations at global players in the printed electronics sector. The Company has 5 international distributors of its solutions in South Korea, China, the British Isles, Germany
Slide 15: Complementary Business Lines and Products
COMPLEMENTARY BUSINESS LINES AND PRODUCTS MODULE DELTA HIGHLY FOR INDUSTRIAL PRINTING CONCENTRATED INTEGRATION SYSTEM (DPS) NANOINKS • printing module for integration with industrial • standalone R&D and prototyping system, • silver nanoinks with a high silver content and equipment XTPL technology d
Slide 16: Advanced Industrial Project Pipeline
ADVANCED INDUSTRIAL PROJECT PIPELINE (only projects in Stage 2 and above are shown) STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 PROJECT NAME INDUSTRY AND PARTNER / Base-technology Initial contact and Technology Evaluation Technology Industrial Prototype Industrial GEOGRAPHY END-USER development
Slide 17: Major Achievements in Industrial Projects
MAJOR ACHIEVEMENTS IN INDUSTRIAL PROJECTS DISPLAYS SEMICONDUCTORS PCBs Since the end of 2022, continuation of work with HB Since H2 2022, execution of the order in the form of a From the beginning of 2022 cooperation with Nano Technology on the use of XTPL technology at the end printing module to bu
Slide 18: Accelerated Sales of Delta Printing System - Commercialization Q1 2023
ACCELERATED SALES OF DELTA PRINTING SYSTEM - COMMERCIALIZATION Q1 2023 Selected users of the Delta Printing System: • 17 Delta Printing System (DPS) devices sold in total* • 5 DPS orders in 2023 • continued commercialization of DPS in China - a total of 9 prototyping devices sold in the local market
Slide 19: Significant Milestones in Nanoinks - Commercialization Q1 2023
SIGNIFICANT MILESTONES IN NANOINKS - COMMERCIALIZATION Q1 2023 Nanoink sales Q1 2023 2022 9,4% EMEA 12,5% USA • 65 orders since the beginning of ink commercialization Azja Asia • 12 returning clients since the beginning of ink commercialization 78,1% • orders completed for 18 countries 100,0% • 7 co
Slide 20: Outlook
X 1° L OUTLOOK xtpl.com 20
Slide 21: XTPL Transformation and Transition to Business Scaling
XTPL TRANSFORMATION AND TRANSITION TO BUSINESS SCALING NEXT PHASE PRESENT PHASE • integration of XTPL printing modules • R&D - continuation to industrial equipment TECHNOLOGY • rapid prototyping • further sales development in key DEVELOPMENT PHASE • commercialization of Delta Printing global technol
Slide 22: Expected 10-Fold Increase in Product Sales
EXPECTED 10-FOLD INCREASE IN PRODUCT SALES 10-fold increase in revenues from product sales by 2026 helped by the scaling of three complementary yet independent business lines Revenues from the sale of products and services Estimated share of revenues from Key revenue growth drivers: x10 business lin
Slide 23: Planned Investments to Support Further Strong Growth
PLANNED INVESTMENTS TO SUPPORT FURTHER STRONG GROWTH PLN 60 million worth of investments planned in 2023-2026 for development and support of a 10-fold increase in revenues from the sale of products by 2026 Intensification of investments in key areas for further strong growth Expected allocation of t
Slide 24: Summary
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Slide 25: Summary
SUMMARY XTPL is a global player in the rapidly growing printed electronics market, with a disruptive technology, an interdisciplinary team of experts, support from stable shareholders and the ambition to increase commercial sales 10 times. MARKET BUSINESS FURTHER DEVELOPMENT • Activity in the growin
Slide 26: Thank You
Contact for investors: investors@xtpl.com Małgorzata Młynarska Investor Relations Manager, cc group e: malgorzata.mlynarska@ccgroup.pl t: +48 697 613 709 Mardoniusz Maćkowiak Financial Communications Manager, cc group e: mardoniusz.mackowiak@ccgroup.pl t: +48 605 959 539 XTPL S.A. Stabłowicka 147 54
Slide 27: Appendix 1: XTPL Presence on WSE and Shareholding Structure
APPENDIX 1: XTPL PRESENCE ON WSE AND SHAREHOLDING STRUCTURE SHAREHOLDING STRUCTURE OF XTPL S.A. (March 2023) listed on the Main Market of the Warsaw Stock listed on the Open Market at Deutsche Börse in Frankfurt 15,6 Exchange since February 2019 since March 2020 SELECTED MARKET INFORMATION 44,9 12,1
Slide 28: Appendix 2: Technology and R&D - Q1 Summary
APPENDIX 2: TECHNOLOGY AND R&D - Q1 SUMMARY Key achievements and progress in research & development in Q1 2023: • Development of a paste based on copper nanoparticles and the XTPL printing technology of copper paths on 3D substrates, with steps of approx. 10 µm, along with the development of a coppe
Slide 29: Appendix 3: Industry Events - Summary Q1 2023
APPENDIX 3: INDUSTRY EVENTS - SUMMARY Q1 2023 In Q1 2023, XTPL actively participated in 5 international industry events in order to increase its visibility on the global electronics market, including: • MEMS 2023 - Germany • LOPEC 2023, February 28 - Germany • THE ISRAELI CONFERENCE ON ADDITIVE MANU
Slide 30: 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 t