Slide 1: Financial Results Q1 2025
Financial Results Q1 2025 XTPL S.A. (WSE:XTP) May 29, 2025
Slide 2: Agenda
Agenda 01 Executive Summary 02 About XTPL 03 Industrial Implementations 04 Business Development 05 Financial Results and Outlook 2
Slide 3: Executive Summary
XT9L 01 Executive Summary
Slide 4: Executive Summary Q1 2025
Executive Summary Q1 2025 Summary of key achievements: selected key developments up to the publication date of the Q1 2025 report Industrial implementations PLN 2.0 million ▪ Started the first-ever industrial implementation of XTPL technology on January 3, sale of products and services in Q1 2025 (-
Slide 5: About XTPL
XT9L 02 About XTPL
Slide 6: Global leader in ultra-precise nanoprinting technology
Global leader in ultra-precise nanoprinting technology XTPL is a global player in the rapidly growing printed electronics market, leveraging disruptive technology and an interdisciplinary team of experts, with the ambition to increase commercial sales tenfold by the end of 2026 and a strong outlook
Slide 7: XTPL business growth driven by the UPD technology
XTPL business growth driven by the UPD technology UPD technology is the key driver of XTPL's competitive advantage and the growing strength of its brand on a global scale. It fuels growth across all business lines: Delta Printing System devices (technology demonstrators), UPD modules for industrial
Slide 8: XTPL is changing the way electronics are produced
XTPL is changing the way electronics are produced XTPL technology provides solutions unattainable with methods previously available in the market. It is unparalleled in terms of resolution, viscosity and the size of conductive structures, which can be as small as 1 μm (one millionth of a meter or on
Slide 9: Patent cloud secures XTPL technology
Patent cloud secures XTPL technology Intellectual property is one of the key competitive advantages of XTPL and its global solutions are being systematically secured by expansion of the patent cloud with protection obtained from the moment of patent submission. Patent groups of submitted application
Slide 10: Stable, long-term and diversified shareholder structure
Stable, long-term and diversified shareholder structure Listed on the Main Market Listed on Open Market Shareholder structure of XTPL S.A. of the Warsaw Stock Exchange at Deutsche Börse Frankfurt (May 2025) since February 2019 since March 2020 Selected market information 14,8% Ticker WSE XTP 41,5% T
Slide 11: Industrial Implementations
03 Industrial Implementations 11
Slide 12: The first-ever industrial implementation launched
The first-ever industrial implementation launched A milestone and a fundamental shift that reduces the risk of XTPL technology in the eyes of its partners. Demonstrating that UPD technology works not only in the laboratory but also under industrial conditions. XTPL's readiness to accelerate processe
Slide 13: Pipeline of projects exceeding the PLN 100 million target
Pipeline of projects exceeding the PLN 100 million target A geographically diverse pipeline of projects spanning various application areas, aimed at the industrial implementation of the UPD technology. If successfully validated and fully implemented, the nine projects that are currently at least at
Slide 14: Evaluation of key industrial projects worldwide
Evaluation of key industrial projects worldwide Four prototype industrial machines with a UPD module (printhead) are being tested globally, including a project in China – the first-ever industrial implementation of XTPL technology on production lines. The partners and end clients are leading global
Slide 15: Business Development
XT9L 04 Business Development
Slide 16: Global commercialization of the XTPL portfolio
Global commercialization of the XTPL portfolio XTPL has successfully commercialized its products in over 20 countries and is conducting UPD technology evaluations with global printed electronics manufacturers for future industrial implementations. Own sales and global distribution of proprietary pro
Slide 17: The first foreign Demo Center
The first foreign Demo Center The center is located in a key market for modern technologies – Boston, USA. It is part of a new technology incubator, attracting innovators and technology corporations that seek new solutions. The Boston metropolitan area alone is home to over 40 higher education insti
Slide 18: Delta Printing System as a Technology Demonstrator
Delta Printing System as a Technology Demonstrator 38 DPS devices ordered* 2025 *Since the start of commercialization at the turn of 2021 2020 2021 2022 2023 2024 YTD* 4 ordered in 2025 DPSs ordered 1 4 7 13 9 4 3 delivered in 2025 Examples of DPS customers: DPSs delivered 1 3 3 13 12 3 *As at the d
Slide 19: Development of a new product: Delta Printing System+
Development of a new product: Delta Printing System+ A new business line consisting of DPS+ devices, aimed at bridging the gap between DPS systems and UPD modules. It is being developed in response to identified market demand and is currently in an advanced R&D phase. The commercialization of this n
Slide 20: A portfolio tailored to the needs of global clients
A portfolio tailored to the needs of global clients XTPL is continuously engaged in R&D, expanding the functionality and potential of its individual business lines while developing new product ranges to meet market demand. An increase in the commercialization of any business line drives growth in ot
Slide 21: Financial Results and Outlook
05 Financial Results and Outlook 21
Slide 22: First UPD modules and DPS devices delivered in 2025
First UPD modules and DPS devices delivered in 2025 Figures in PLN thousand Revenues from the Commercial sales of ▪ 2 DPS devices delivered and settled in Q1 2025 – commercial sales of products and services products and services share in total revenues recipients: University of Cambridge and Washing
Slide 23: Investment in future sales – an increase in inventory levels
Investment in future sales – an increase in inventory levels Figures in PLN thousand Q1 2025 Q1 2024 ▪ Significant increase in inventories to PLN 4.9 million Revenue from the sale of products and (+60% YoY) – securing components for the construction of 2 024 2 744 services DPS devices, with the pote
Slide 24: High level of cash at the end of Q1 2025
High level of cash at the end of Q1 2025 Figures in PLN thousand 396 1 336 2 024 146 298 787 1 127 8 850 27 686 20 234 01.01.2025 sale of products depreciation grants investing flows working capital cost of goods sold other flows operating costs 31.03.2025 24
Slide 25: A detailed plan to achieve PLN 100 million in sales
A detailed plan to achieve PLN 100 million in sales XTPL's 2023-2026 strategy aims to achieve PLN 100m in commercial sales in 2026 (a 10x increase vs 2022). The ESOP provides for at least 20% profitability at the EBITDA. The realisation of the plan is based on the diversified involvement of all busi
Slide 26: Secured funds for the execution of the investment process
Secured funds for the execution of the investment process The investment process, amounting to approximately PLN 60 million for the years 2023-2026, lays the foundation for a 10x increase in commercial revenues to PLN 100 million in 2026. The funding for the implementation of Stage 1 was raised thro
Slide 27: XTPL's development prospects within the Strategy timeframe
XTPL's development prospects within the Strategy timeframe 2023-2024 2025 2026 PLN 100 million In commercial sales A significant YoY growth in commercial PLN 12-13 million per year sales In commercial sales 12-13 DPSs sold per year A significant YoY growth in sales 20-30 DPSs sold DPS Initial R&D Co
Slide 28: XTPL transformation within the Strategy timeframe
XTPL transformation within the Strategy timeframe XTPL Mission: To be a leader in delivering breakthrough solutions in printed electronics, setting the standard for the global nanofuture. XTPL Vision: Ensure that global manufacturers can pursue cost-effective and scalable production of advanced, nex
Slide 29: Disclaimer
Disclaimer This presentation has been prepared by XTPL S.A. (“Company”) for Any copying, distribution or dissemination of this presentation the sole purpose of giving an introduction on the business of the requires the Company's consent. Any person wishing to undertake Company. the above activities
Slide 30: Thank you
Thank you XTPL S.A. Legnicka 48E 54-202 Wrocław, Poland xtpl.com Contact for investors: investors@xtpl.com Mardoniusz Maćkowiak mardoniusz.mackowiak@ccgroup.pl +48 605 959 539
Slide 31: Appendix
XT9L Appendix
Slide 32: Wide application of the unique XTPL Technology
Wide application of the unique XTPL Technology Conductive nanostructures applied with high-density ink enable the production and repair of advanced electronics. Key features of UPD technology: micro-sizes, high viscosity, flexible shapes and varied substrates. See XTPL technology at work: https://ww
Slide 33: XTPL solutions address global trends
XTPL solutions address global trends Nanoprinting is a technology that responds to the new challenges faced by the production of advanced electronics. It enables cost-effective, scalable and rapid reduction of electronic dimensions, while ensuring high resolution. Global Megatrends in advanced elect
Slide 34: Outcomes of completing Stage 1 of the investment process
Outcomes of completing Stage 1 of the investment process In 2023-2024, XTPL successfully completed the first stage of its investment process, strengthening key areas such as sales, production, R&D and organizational development, while aligning internal processes with its strategic goals. XTPL is now