Slide 1: Conference Call and Webcast First Quarter 2011
www.3dsystems.com NASDAQ:TDSC Conference Call and Webcast First Quarter 2011
Slide 2: Participants
Company Confidential 2 Participants
Slide 3: Welcome Webcast Viewers
Company Confidential 3 Welcome Webcast Viewers
Slide 4: Forward Looking Statements
Company Confidential 4 Forward Looking Statements This presentation contains forward-looking statements, as defined by federal and state securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments
Slide 5: Operating Results
www.3dsystems.com NASDAQ:TDSC Operating Results Abe Reichental, President & CEO
Slide 6: First Quarter 2011 Highlights
Company Confidential 6 First Quarter 2011 Highlights
Slide 7: Financial Review
www.3dsystems.com NASDAQ:TDSC Financial Review Damon Gregoire, Senior Vice President & CFO
Slide 8: Across-The-Board Revenue Growth
Company Confidential 8 First Quarter 2011 2010 2010 2010 110% Across-The-Board Revenue Growth 52% 103% 15% 9% 2010 $ in millions $ 4.0 $ 8.4 $ 4.7 $ 5.1 $ 9.2 $ 18.8 $ 13.6 $ 15.6 $ 4.1 $ 6.2
Slide 9: First Quarter Drivers
Company Confidential 9 First Quarter Drivers 2011 2010 % Change Favorable/(Unfavorable) Revenue $ 47.9 $ 31.6 51% Gross Profit $ 23.2 $ 14.3 62% % of Revenue 48% 45% Operating Expenses $15.8 $11.7 (35%) % of Revenue 33% 37% Net Income $6.8 $2.0 238% % of Revenue 14% 6% Depreciation & Amortization $2
Slide 10: Factors Affecting Earnings Per Share
Company Confidential 10 Factors Affecting Earnings Per Share • Legal costs reduced EPS by 7 cents per share for the quarter • As anticipated, the negative impact from V-Flash ® activity decreased and did not affect our reported EPS for the quarter Future performance may result in release of portions
Slide 11: First Quarter Revenue by Category & Geography
Company Confidential 11 Revenue Categories Geography First Quarter Revenue by Category & Geography Asia Pacific 2010 2010 2011 2011
Slide 12: First Quarter Gross Profit and Margin
Company Confidential 12 First Quarter Category 2011 2010 Yr-Yr% $ Millions Gross Profit Margin $ Millions Gross Profit Margin $ Margin Printers $5.5 41% $ 3.1 36% 75% 13% Print materials $9.9 63% $ 8.3 61% 20% 5% Services (1) $7.8 42% $ 2.9 32% 167% 31% Total $23.2 48% $ 14.3 45% 62% 7% Q210 45.4% Q
Slide 13: First Quarter Operating Expenses
Company Confidential 13 First Quarter Category 2011 2010 % Change Favorable (Unfavorable) Selling, general & administrative $13.0 $ 9.2 (42%) Research and development $2.8 $ 2.5 (13%) Total Operating Expenses $15.8 $ 11.7 (35%) % of Revenue 33% 37% 11% First Quarter Operating Expenses - Columns may
Slide 14: Working Capital
Company Confidential 14 March 31, 2011 December 31, 2010 % Change Favorable (Unfavorable) Cash $70.8 $ 37.3 90% Inventory $ 26.6 $23.8 (12%) Accounts Receivable $ 39.3 $ 35.8 10% Accounts Payable $ 23.4 $ 26.6 12% Working Capital $ 76.5 $ 42.5 80% Working Capital • Cash increased $33.5 million from
Slide 15: Progress Towards Operating Model
Company Confidential 15 Drivers Model Ranges Q1 Actual Results $ 47.9 48% 27% 6% 15% 14% 5% 1% 72% Progress Towards Operating Model Revenue $200.0 $300.0 Gross Profit 56% 62% SG&A 23% 20% R&D 7% 5% Operating Income 26% 37% Net Income After Tax* 18% 22% Depreciation & Amortization 4% 3% Capital Expen
Slide 16: Outlook and Progress
www.3dsystems.com NASDAQ:TDSC Outlook and Progress Abe Reichental, President & CEO
Slide 17: Recent Developments
Company Confidential 17 Recent Developments We continued to expand our custom parts services by: • Acquiring Quickparts® in Atlanta, GA and ATI in Austin, TX • Refining operations and optimizing capabilities as required We expanded our reseller channel and grew personal and professional printer unit
Slide 18: Revenue Outlook
Company Confidential 18 Revenue Outlook
Slide 19: Gross Profit and Operating Expenses Outlook
Company Confidential 19 Gross Profit and Operating Expenses Outlook
Slide 20: Bottom Line
Company Confidential 20 Bottom Line
Slide 21: Q&A Session
Company Confidential 21 Q&A Session
Slide 22: Thank You For Participating
www.3dsystems.com NASDAQ:TDSC Thank You For Participating Replay available at www.3dsystems.com/ir