Desktop Metal — Merger or Acquisition (August 2021)
22 slides from Desktop Metal's merger presentation, Aug 11, 2021
Slide 1: Desktop Metal Announces Agreement to Acquire ExOne Conference Call
DDD. Desktop Metal. Desktop Metal Announces agreement to Acquire ExOne Conference Call
Slide 2: Forward looking statements
Forward looking statements This communication relates to a proposed business combination transaction between Desktop Metal, Inc. (“Desktop Metal”) and ExOne, Inc. (“ExOne”). This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as ame
Slide 3: Cementing Desktop Metal's leadership in additive manufacturing for mass production
HDD DA Desktop Metal. + 34 ExOne Cementing Desktop Metal’s leadership in additive manufacturing for mass production
Slide 4: Combined installed base and binder jetting leadership
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 sizes of 0.1L and 5L, respectively. Pioneer in binder jetting technology and a leader in sand 3D printing with a strong position in metal, metal c
Slide 5: Accelerating the adoption of AM 2.0 for mass production
Accelerating the adoption of AM 2.0 for mass production @1 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. 03
Slide 6: Acquisition nearly doubles IP portfolio to over 650 patents
Acquisition nearly doubles IP portfolio to over 650 patents Robust binder jetting IP portfolio, with more than 650 patents issued and pending overall as a result of the acquisition. Pre-Transaction Post-Transaction Highlights include: * Contoured roller technology (Triple ACT) + Ultrasonic powder di
Slide 7: Meeting customers' needs across speed, cost, resolution, and part size
• ~3 seconds per layer • 490 x 380 x 260 mm • 1200 native DPI • < 30 seconds per layer • 800 x 500 x 400 mm • 400 native DPI Meeting customers’ needs across speed, cost, resolution, and part size 50 micron 2,400 cc/hr 100 micron 4,800 cc/hr 200 micron 9,600 cc/hr 55 micron 12,000 cc/hr …… • Customiz
Slide 8: Productivity comparison of printers by liters per day
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 – 16 L 25 L 1 L 160 L 48 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. 03
Slide 10: Combined metal materials portfolio across binder jetting platforms
• • • • • Significant experience qualifying the same set of materials across DM and ExOne separately Potential to leverage combined metal materials portfolio across all binder jetting platforms
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. Q3 L
Slide 12: Digital castings market based on Modern Casting census
1. Based on management estimates and data from Modern Casting’s 2021 Census of World Casting Production.
Slide 13: Turnkey digital manufacturing workflow for sand casting
Build Preparation 3D Printing via Binder Jetting Build Preparation 3D Printing via Binder Jetting Depowdering & Sintering Microwave & Automated Desanding Turnkey digital manufacturing workflow for Turnkey digital manufacturing workflow for Sintering Simulation Rigging / Riser Design, Fluid Flow & So
Slide 14: Sand printing application examples
• • • • • • • • 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. 03
Slide 16: Complementary go-to-market efforts enhance customer reach
Complementary go-to-market efforts enhance customer reach Combined global distribution network & direct sales force 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 distributio
Slide 17: Government and advanced materials programs
• • 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-temp
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. 03
Slide 19: In-house and third-party manufacturing
In-house manufacturing • World-class facilities in Germany with capacity and expertise to produce large frame systems • Well-suited to more complex and higher BOM cost, multi-component systems Third-party manufacturing • Enables low-cost architectures for turnkey solutions sold through distribution
Slide 20: Transaction overview
Transaction overview Transaction Consideration ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each ExOne share, for a total consideration of $25.50, representing a transaction value of $575 million, consisting of $192 million in cash and $383 mil
Slide 21: Q&A
Q&A
Slide 22: Draft for discussion purposes only
DRAFT FOR DISCUSSION PURPOSES ONLY Privileged – Subject to the Review of Counsel