Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Investor Presentation (April 2020)
49 slides from Nano Dimension's investor presentation, Apr 21, 2020
Slide 1: Nano Dimension Corporate Presentation April 2020
1 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Nano Dimension is a Developer & Provider of Intelligent Machines and ConsumableConductive&DielectricMaterials(Inks)fortheFabricationof AdditivelyManufacturedElectronics(AME),a/k/aPrintedElectronics(PE) April 2020 Nas
Slide 2: Forward Looking Statements
2 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Forward Looking Statements ThispresentationofNanoDimensionLtd.(the“Company”)contains“forward-lookingstatements”withinthemeaningofthePrivateSecurities LitigationReformActandothersecuritieslaws.Wordssuchas“expects,”“an
Slide 3: AME Machines and Consumable Materials for Hi-PEDs
3 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. AMEMachines and Consumable Materials (Polymers&Silver) High Performance Electronic Devices: Hi-PEDs https://www.youtube.com/watch?v=UFaWb0aUjPk&list=PLW7Y0iWnWhTShewSmy657p-0GnD2lotVr • GrowthPlay, Protected & Proven
Slide 4: A Rapidly Growing Market for High Performance Electronic Devices
4 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. A Rapidly Growing Market for High Performance Electronic Devices (Hi-PEDs) High Performance Electronic Devices (Hi-PEDs) are integral enablers of: INDUSTRY VERTICALS •Defense •Aerospace •Intelligentdrones •Autonomous
Slide 5: Nano Dimension's Solutions
5 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 5 NASDAQ / TASE :NNDM www.nano-di.com | © 2019 Nano Dimension. All rights reserved. Nano Dimension’s Solutions AME/PE Machines(controlled by AI algorithms) produce electronic devices bysimultaneous3D- injection of po
Slide 6: Business Model: Recurring Revenue Model that Scales
6 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. BUSINESS MODEL: Recurring Revenue Model that Scales Razor-Razorblade Model: Astheinstalledbaseofsystems grows, the recurring revenues fromconsumablesincreases. Positive trend of increased ink consumptionbycustomersis
Slide 7: Nano Dimension: Financial Data
7 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. NASDAQ /(TASE*): NNDM ADS ratio: 1:50 ADS Outstanding: ~8.2M ADS* Nano Dimension: Financial Data * As of April 5th, 2020 * $70M invested mostly in R&D, over 5 years * Cash, March 31st, 2020: $4.5M * Debt: $0 • Revenu
Slide 8: New US Management for Nano Dimension
8 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. New US Management for Nano Dimension • YoavStern–IncomingPresident&CEO(JoinedJanuary2020)InvestorandChairmanCyber,FintechandMobile/VisualTech (USA). President&CEODVTELInc.(SoldtoFLIRSystems)(NJ,London,TelAviv,NewDelh
Slide 9: Management – Industry Background
9 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Management –Industry Background • OfirBaharav–Chairman.(Joined2017)ALeaderofHWandSWcompaniesinSemiconductors,3DPrinting,PCSecurity,Healthcare InformaticsandDigitalPrint.LivedandconductedbusinessinShanghai.PartnerStra
Slide 10: Management – Industry Background
10 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. • AmitDror–CCSO,Co-Founder.(Founded2013)ECITelecomLtd.,ComverseTechnology,Inc.,EternegyLtd. • Dr.ShlomitChappelRam–VPR&D.(Joined2019)PhysicalChemist,PostDoctoralinChemistryandBiochemistry,andanMBA. HeadofR&DinMedino
Slide 11: First Mover, Advantage and Timing
11 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Nano Dimension: First Mover, Advantage and Timing Analysts predict 3D printed electronics will be the next high-growth applicationfor product innovation: 2017 3D printed electronics market size is estimated at $176
Slide 12: Post Corona World: Moving Supply Chain In House
12 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. “Even as China comes back online, we are beginning to wonder if Covid-19 will impact other supply-oriented geographies…While China is improving, the supply chain for the electronics industry may yet see substantial
Slide 13: Post Corona World: Moving Supply Chain In House
13 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Post Corona World: MovingSupply Chain ‘In House’ • "The global supply chain right now is disrupted;we are seeing disruptions across the board... the high-tech industry is heavily reliant on China and parts of Asia."
Slide 14: A Rapidly Growing Market for High Performance Electronic Devices
14 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. A Rapidly Growing Market for High Performance Electronic Devices (Hi-PEDs) High Performance Electronic Devices (Hi-PEDs) are integral enablers of: INDUSTRY VERTICALS •Defense •Aerospace •Intelligentdrones •Autonomou
Slide 15: Shortening Supply Chain Trend: Business is Here!
15 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Shortening Supply Chain Trend: Business is Here! April 16 th , 2020 High Performance Electronic Devices (Hi-PEDs) ADDITIVE SERVICES •Additive Service Bureaus •PCB Service Bureaus •In-house Print Services •NaNoS (Nan
Slide 16: Hi-PEDs Necessitate Fast Time-to-Market and IP Safety
16 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 16 NASDAQ / TASE :NNDM www.nano-di.com| © 2019 Nano Dimension. All rights reserved. Hi-PEDs Necessitate • Fast time-to-market • IP safety (in-house rapidprototyping andproduction) • Iteractivedevelopment • Device pe
Slide 17: Economic Models of Present Fabrication Technologies Fail to Meet Market Needs
17 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Economic Models of Present Fabrication Technologies Fail to Meet Market Needs Integrated Circuit (“IC”, “Chips”) Fabrication renders high performance devices but at an extreme & often prohibitive cost;development cy
Slide 18: The Challenge: Bridging The Gap
18 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Traditional Printed Circuit Boards (PCB) Traditional Integrated Circuits (IC, Chips, CPU, ASICs) The Challenge: Bridging The Gap 18 NASDAQ / TASE :NNDM Additively Manufactured Electronics (AME) Nano Dimension’s AME
Slide 19: DragonFly LDM System
19 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. DragonFly LDM™ System –Introduced during Q3/2019 • TheonlyPrototyping&FabricationMachine • 24/7,3D-printingofelectroniccircuitry(AME) • Costeffectiveforsmall-mediumsizequantities 30+ PATENT APPLICATIONS DragonFly Li
Slide 20: 2019 vs. 2018 Sales Breakdown by Industry & Region
20 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 2019 vs. 2018 Sales Breakdown -Industry & Region Defense 30% Health 6% Tech/PCB 7% Research/Univ. 17% Resellers 40% 2018 In number of systems 2019 Defense 41% Tech/PCB 18% Research/ Univ. 26% Resellers 15% US 53% AP
Slide 21: Evolution of Nano Dimension
21 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Evolution of Nano Dimension BasicTesting 2013-17 DragonFly™ EarlyAdopters 2018-2019 DragonFly™ Pro FastPrototyping& LowVolume Production Q3/2019 & Since Then: 45% of Customers upgraded Pro>>>LDM ($35K-$55K) 45%in Pr
Slide 22: Compelling Value Proposition
22 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Compelling Value Proposition 30+ PATENT APPLICATIONS TIME Reduces development cycles times. Enables on-site prototyping in a matter of hours instead of weeks, even for complex designs. COST Eliminates need for large
Slide 23: Customers: Harris, Hensoldt, IIT
23 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 23 NASDAQ / TASE :NNDM www.nano-di.com | © 2019 Nano Dimension. All rights reserved. • Harris Corporation & Space Florida (2019) Defense Contractor; https://www.harris.com/* • Hensoldt AG, Germany ( $1.3B Defense &
Slide 24: Case Study: Harris Corporation RF Amplifier to Space
24 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Case Study: Harris Corporation: RF Amplifier to Space “Results showed similar RF performance between the 3D printed version and the baseline amplifier, clearly demonstrating the viability of 3D printed electronics f
Slide 25: 3D Printed Electronic Components – Next Level of AM Applications
25 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 3D Printed Electronic Components –Next Level ofAM Applications Rolf Baltes, AndreasSalomon, JörgSander 16.03.2020 3D Printed Electronic Components –Next Level ofAM Applications Rolf Baltes, AndreasSalomon, JörgSande
Slide 26: The Printer – Facts
26 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. THE PRINTER -facts • Dragonfly LDM –Printer installed in Feb.2019 • Ink-Jet printer with two print heads: silver andpolymer • Print from scratch: real 3D structurespossible • Duration of prints: up to 80hours • Curr
Slide 27: Rapid Prototyping at HENSOLDT
27 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Fewdays Population Example Rapid Prototyping atHENSOLDT Layout Conventional production ACB 60h +8h Print +PP 4months PCB MaterialSample Populated Front Populated Back FinishedBoard March 16,2020 This document and it
Slide 28: Special Designs, Unique Devices
28 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. March 16,2020 This document and its content is the property of HENSOLDT Sensors GmbH. It shall not be communicated to any third party without the owner’s written consent. © Copyright HENSOLDT Sensors GmbH 2019. All
Slide 29: MEMS and wearable technologies at CBN and DragonFly
29 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e MEMS and wearable technologies at CBN and DragonFly enabledsolutions Massimo De Vittorio & AntonioQualtieri Istituto Italiano diTecnologia Centerfor Biomolecular Nanotechnologies Università del Salento,
Slide 30: CBN Backend Laboratory and the Nano Dimension Dragonfly
30 NASDAQ / TASE :NNDM @ U n i L e CBN Backend Laboratory and the NanoDimensionDragonfly
Slide 31: Monitoring Biometrics and Physiology
31 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e MONITORING BIOMETRICS ANDPHYSIOLOGY NEXT GENERATIONBODY SENSORS: • COMPLIANCE • BIOCOMPATIBILITY • LOWINTRUSIVENESS • LOWENERGY • TRANSDUCTION • MECHANICAL • BIOCHEMICAL • ELECTROMAGNETIC • OPTICAL • ELE
Slide 32: Electronic Tattoos, Smart Patches
32 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e ELECTRONICTATOOS SMARTPATCHES Piezoelectric Wearablebiosensors
Slide 33: Piezoelectric Technologies for the Body
33 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. U ni Le @ @ U n i L e Data management Piezoelectric technologies for thebody CLOSEDLOOP Body Sensing DIRECT PIEZOELECTRIC EFFECT Bodycontrol INVERSEPIEZOELECTRIC EFFECT Body energyharvesting
Slide 34: Old Crimping Techniques for Energy Harvesters
34 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e Old Crimping Techniques for EnergyHarvesters Crimpflex®pins Z-axis conductive tape on PCBboard of Loss electrical connection due to cracks around the connectors Lossofelectricalcontactdue to poor adhesio
Slide 35: Old Assembling and Packaging Design
35 NASDAQ / TASE :NNDM @ U n i L e Old Assembling and PackagingDesign A first prototype of packaging designed and fabricated by 3D CAD and 3D Printer made of UVresin 34 NASDAQ / TASE :NNDM @ U n i L e Old Assembling and PackagingDesign A first prototype of packaging designed and fabricated by 3D CAD
Slide 36: New Packaging Design by Dragonfly
36 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e New Packaging Design by Dragonfly® Part1: base plate400 µm (conductive and dielectric inks) Part 2: sticking of the IIT energyharvester Part 3: encapsulation with dielectric ink 400µm Finalresult: - Comp
Slide 37: Customized PCBs with Integrated Piezoelectric Sensor
37 NASDAQ / TASE :NNDM @ U n i L e Customized PCBs with integrated piezoelectricsensor … andintegrable into PCBs
Slide 38: Smart Patches for Monitoring Cardiovascular Parameters
38 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e Mastronardi et al. APL 2015. Calcagnile et al. RSC Advances2017 Carotid Smartpatches for monitoringcardiovascular parameters, dysphagia… Physical sensors: Flexible wearable/tattooable/ediblesensors
Slide 39: All-in-one Step Package on Flexible Substrate
39 NASDAQ / TASE :NNDM @ U n i L e All-in-one step package on flexiblesubstrate
Slide 40: Dragonfly for Packaging of Unconventional Silicon Dies
40 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. @ U n i L e DRAGONFLY for Packaging of Unconventional Silicon Dies EMBEDDING FLOWSENSORS IN SEALED PACKAGE AND IN PCB BOARDS
Slide 41: Most Compliant Piezoelectric Transducers for Health and Energy
41 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. U ni Le @ The most compliant piezoelectric transducers for health andenergy Parylene -C Piezoelectric AluminumNitride Top and BottomElectrodes Polyimide Parylene -C www.piezoskin.com
Slide 42: Nano's Growth Plan
42 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. NASDAQ: NNDM Nano’s Growth Plan
Slide 43: Plan for 2020: Riding the Elephant
43 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. There is an Elephant in the Room: i. Tackle: March –April / 2020 ii. Mitigate: April –September / 2020 iii. Leverage: June –December / 2020 iv. Growth: Q4/2020 –2021 Plan for 2020: Riding the Elephant
Slide 44: Tackle: February–March 2020
44 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. i.Tackle:February–March/2020–DONE* -Reducedsalarycost:~30%: $(2,000,000)annually* -Reducednon-salarycost:~20%: $(1,000,000)annually* -Totalcostreduction: $(3,000,000)annually* -Allteams,internationally,areexpectedto
Slide 45: Mitigate and Leverage: March–December 2020
45 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. ii.Mitigate:March–September2020: A-Expand NaNoS (Printing Electronic Design Services)-until Corporations’ Capex are ‘released’. BuildUSA Sales Force & GTM& NaNoS Fabrication Facility (DragonFly Machines) -Done B-Con
Slide 46: Growth: Q4/2020–2021 and Footprint
46 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Footprint As of January 2020 Resellers –continued Nano Dimension’s New HQ iv. Growth: Q4/2020 –2021 Continue Growth Plan Plan for 2020-21: Growth * Continue Product Engineering improvements to fit production scale m
Slide 47: Capitalization Table
47 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Capitalization Table (1) Employees, officers, directors and consultants Securities Outstanding as of April 1, 2020 Outstanding ADSs 8,162,537 Treasury ADSs 10,541 Options 1 (WAEP: $14) 587,478 Warrants (WAEP: $6.23)
Slide 48: Key Highlights
48 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Key Highlights: Growthcompany with significant technology and first mover advantage. Successfully transitioned from an R&D company to commercial sales. Rapidly increasing customer base and establishing global presen
Slide 49: Thank You
49 NASDAQ / TASE :NNDM www.nano-di.com | © 2020 Nano Dimension. All rights reserved. Nano Dimension® Copyright © 2020Nano Dimension Ltd. Nano Dimension, DragonFly, AgCiteand the DragonFly logo are trademarks of Nano Dimension. Printed April 2020DragonFly™ NASDAQ: NNDM THANK YOU Follow us: @nanodimen