The ExOne — ExOne — Merger or Acquisition (August 2021)
22 slides from The ExOne's merger presentation, Aug 12, 2021
Slide 1: Desktop Metal Announces Agreement to Acquire ExOne
Dh. Desktop Metal. Desktop Metal Announces Agreement to Acquire ExOne Conference Call August 11, 2021
Slide 2: Forward looking statements
Forward looking statements This communication relates to a proposed business combination transaction between Desktop Metal and ExOne. Thi includes \g statements within the meaning of Section 274 of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as ame
Slide 3: Cementing Desktop Metal's leadership in additive manufacturing for mass production
DDR. Desktop Metal. + 34. ExOne Cementing Desktop Metal’s leadership in additive manufacturing for mass production
Slide 4: Pioneer in binder jetting technology and leader in sand 3D printing
Pioneer in binder jetting technology and a leader in sand 3D printing with a strong position in metal, metal composite, and ceramics 3D printing. 1. Based on internal management estimates; assumes installed base printers run at 20 hours per day and 250 days per year with average metal and sand part
Slide 5: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production Q1 Combination creates a leading metal additive manufacturing portfolio across speed, cost, resolution, and part size. Desktop Metal 02 Accelerate materials innovation by leveraging combined materials engineering resources more efficiently. 83
Slide 6: Combined patents
Combined patentsCombined patents
Slide 7: Meeting customers' needs across speed, cost, resolution, and part size
Meeting customers’ needs across speed, cost, resolution, and part size • ~3 seconds per layer• < 30 seconds per layer • 490 x 380 x 260 mm• 800 x 500 x 400 mm • 1200 native DPI• 400 native DPI 55 micron 12,000 cc/hr 50 micron 2,400 cc/hr … … 100 micron 4,800 cc/hr 200 micron 9,600 cc/hr • Lower part
Slide 8: Productivity comparison in liters per day
4 L / day 15 L / Day 21 L / Day 21 L / Day 57 L / Day 247 L / Day 3 L or 5 L 4 L – 16 L 25 L 1 L 160 L 48 L •• • • 1. Assumes constant layer thickness of 50 microns (sintered) and 15 min turnaround time between prints.4 L / day 15 L / Day 21 L / Day 21 L / Day 57 L / Day 247 L / Day 3 L or 5 L 4 L –
Slide 9: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production Q1 Combination creates a leading metal additive manufacturing portfolio across speed, cost, resolution, and part size. Desktop Metal @2 Accelerate materials innovation by leveraging combined materials engineering resources more efficiently. 83
Slide 10: Significant experience qualifying the same set of materials
Significant experience qualifying the • same set of materials across DM and ExOne separately • • • • Potential to leverage combined metal materials portfolio across all binder jetting platformsSignificant experience qualifying the • same set of materials across DM and ExOne separately • • • • Potent
Slide 11: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production Q1 Combination creates a leading metal additive manufacturing portfolio across speed, cost, resolution, and part size. Desktop Metal 02 Accelerate materials innovation by leveraging combined materials engineering resources more efficiently. 83
Slide 12: Modern Casting 2021 Census of World Casting Production
1. Based on management estimates and data from Modern Casting’s 2021 Census of World Casting Production.1. Based on management estimates and data from Modern Casting’s 2021 Census of World Casting Production.
Slide 13: Turnkey digital manufacturing workflow
Turnkey digital manufacturing workflow for Sintering Build 3D Printing via Depowdering Simulation Preparation Binder Jetting & Sintering Build 3D Printing via Microwave Rigging / Riser Design, Preparation Binder Jetting & Automated Desanding Fluid Flow & Solidification Simulation Turnkey digital man
Slide 14: TBU – Images next page
TBU – Images next page •••• ••••TBU – Images next page •••• ••••
Slide 15: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production Q1 Combination creates a leading metal additive manufacturing portfolio across speed, cost, resolution, and part size. Desktop Metal 02 Accelerate materials innovation by leveraging combined materials engineering resources more efficiently. 83
Slide 16: Complementary go-to-market efforts enhance customer reach
Complementary go-to-market efforts enhance customer reach ExOne’s direct sales force supplements Desktop Metal’s channel-first philosophy * Combination yields wider array of products at ASPs below ~$400K - $500K to promote through distribution network Products at higher ASPs with longer sales cycles
Slide 17: Digitally connected supply chain for 4130 steel alloy parts
Digitally connected supply chain for 4130 steel alloy parts to accelerate on-demand production of critical parts Qualify AF-9628, a high-strength steel developed by the Air Force for parts 20% stronger than conventional AM alloys at lower costs •• • Multi-year contract to design and produce high-tem
Slide 18: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production Q1 Combination creates a leading metal additive manufacturing portfolio across speed, cost, resolution, and part size. Desktop Metal 02 Accelerate materials innovation by leveraging combined materials engineering resources more efficiently. 83
Slide 19: Third-party and in-house manufacturing
Third-party manufacturing • Enables low-cost architectures for turnkey solutions sold through distribution network • Provides inventory for shipping products to customers with low lead-times In-house manufacturing • World-class facilities in Germany with capacity and expertise to produce large frame
Slide 20: Transaction overview
Transaction overview Transaction Consideration ExOne shareholders will receive $8.50 in cash consideration and $17.00 in share consideration of Desktop Metal common stock for each ExOne share, for a total consideration of $25.50, rep ing a transaction value of $575 million, consisting of $192 millio
Slide 21: Q&A
Q&A
Slide 22: Additional information and Where to Find It
Additional information and Where to Find It In connection with the proposed transaction, Desktop Metal intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”), which will include a preliminary proxy statement of ExOne and a prospectus with respect