Xtpl Sa · GPW:XTP
Xtpl Sa — Investor Presentation (March 2018)
46 slides from Xtpl Sa's investor presentation, Mar 31, 2018
Slide 1: XTPL S.A. – Investors' Presentation 2017
shaping global nanofuture XTPL S.A. – INVESTORS’ PRESENTATION 2017 Dr. Filip Granek, CEO Maciej Adamczyk, COO Date: 31 – 03 -2018 xt-pl.com
Slide 2: Overview
OVERVIEW xt-pl.com 2
Slide 3: Who are we?
WHO ARE WE? XTPL S.A. is a company operating in the nanotechnology segment. The interdisciplinary team of XTPL develops on a global scale an innovative technology, protected by international patent application, enabling ultra- precise printing of nanomaterials. XTPL’s solution has all the features o
Slide 4: What is our goal?
WHAT IS OUR GOAL? Mission: XTPL is the leader in providing nanoprinting capabilities. We are shaping global nanofuture. Vision: We will support companies to outperform on their markets by using XTPL’s unique expertise & solutions in nanoprinting. xt-pl.com 4
Slide 5: What is our strength?
WHAT IS OUR STRENGTH? TECHNOLOGY BUSINESS interdisciplinary, well-balanced business leaders & highly skilled team, with vast knowledge & professionals who possess know- experience in: how & experience in: • chemistry • product development • physics • marketing & communication • electronics • impleme
Slide 6: What is our solution?
WHAT IS OUR SOLUTION? Nanoprinting system designed by XTPL makes it possible to precisely apply to the printing surface a special ink specifically formulated for this purpose in the company’s laboratories. Under the influence of an external electric field, the nanoparticles in the ink create conduct
Slide 7: Technology overview
TECHNOLOGY OVERVIEW Advanced characterization 02. ba — @ Printed nanometric conductive lines Numercial simulations inks formulation XTPRL
Slide 8: Nanoprinting
NANOPRINTING nanometric conductive line human hair XTPL Ag Line nanoprinting may soon revolutionise sectors such as: ultra-precise printing enables achieving conductive lines up printed electronics, solar cells, touch screens, wearable to several hundred times thinner than a human hair, invisible el
Slide 9: XTPL's printing process
XTPL’s PRINTING PROCESS During the process of line formation, the printing head deposits a properly An external alternating electric field causes nanoparticles to assemble in a clearly formulated ink - nanoparticles in a mixture of solvents - on a non-conductive defined and controlled way to form a
Slide 10: XTPL's printing process
XTPL’s PRINTING PROCESS Functionality of the lines: electrically conductive, optically, biologically and chemically active Nanomaterials: metallic & semiconductor Line width: from 100 nm to 3 μm Line length: up to cm range Aspect ratio: 1, in the single run of the printing head Very low voltage appl
Slide 11: XTPL's printing process compared to other methods
XTPL’s PRINTING PROCESS COMPARED TO OTHER METHODS XTPL METHOD xt-pl.com 10
Slide 12: Protected intellectual property
PROTECTED INTELLECTUAL PROPERTY XTPL's printing method and the ink formula are covered by the patent application submitted in collaboration with Unique nano-ink Printing head the British law firm, Gill Jennings & Every LLP. The patent protection will be extended to around 30 countries. Patent cloud
Slide 13: Application segments
APPLICATION SEGMENTS xt-pl.com 11
Slide 14: Application segments
APPLICATION SEGMENTS OPEN DEFECT REPAIR - removing broken metallic links for: BIOSENSORS • solar cells • displays TFT/LCD/OLED PRINTED ELECTRONICS • integrated circuits (IC) • printed circuit boards (PCB) • multichip modules (MCM) • photolithographic masks SMART PACKAGING SOLUTIONS WEARABLES TRANSPA
Slide 15: Application segments
X TPL APPLICATION SEGMENTS
Slide 16: Open defect repair
OPEN DEFECT REPAIR Micro- and nano-conductive structures are indispensable in the broadly understood electronics (i.e. integrated circuits, LCD/ OLED displays, PCBs, solar cells and many others) The conducting structures depending on the application are manufactured with the following technologies:
Slide 17: Open defect repair – potential sectors
OPEN DEFECT REPAIR – POTENTIAL SECTORS SOLAR CELLS TFT / LCD DISPLAYS PCBs sector characterized by a very large number of defects of the conductive lines are the most defects; the share of rejects in production can current trend in the development of PCBs common production error leading to the reach
Slide 18: Open defect repair – current standard
OPEN DEFECT REPAIR - CURRENT STANDARD LCVD (Laser Chemical Vapour Deposition), DLD (Direct Laser Deposition), FIB (Focused Ion Beam) extremely complex (LCVD, FIB) limited possibility to obtain 10 µm and less (LCVD, DLD); Current No alternative…? destruction of the active systems in integrated circui
Slide 19: Open defect repair – XTPL solution
OPEN DEFECT REPAIR – XTPL SOLUTION XTPL developed innovative printing-head and dedicated nanoinks for repairing defects in electrical connections in micrometric & nanometric scale (<1 μm), which together with the optical detection systems already used on the market will provide a comprehensive techn
Slide 20: Open defect repair – removing local defects in metallic links
OPEN DEFECT REPAIR – REMOVING LOCAL DEFECTS IN METALIC LINKS There is a demand for a new technology for repairing XTPL’s technology will address those requirements by damaged conductive structures eliminating all the disadvantages of current methods xt-pl.com 13
Slide 21: Open defect repair – comparison of methods
OPEN DEFECT REPAIR - COMPARISON OF METHODS FIB LCVD XTPL* Impact on Parameter (initial lab results) Minimal feature size [um] < 0.05 >5 0.2 – 1 flexibility of process Deposition rate [um3/s] 0.05 10 50 throughput Maximal line length <100 um mm range cm range flexibility of process Vacuum chamber req
Slide 22: Open defect repair – XTPL's value proposition
OPEN DEFECT REPAIR - XTPL’S VALUE PROPOSITION REQUIREMENTS increased total length of the conductive ADVANTAGES lines XTPL’S TECHNOLOGY allows for low cost repair There is a demand for cost-effective repair of the severed will address those lines a new technology requirements does not require any tox
Slide 23: Transparent conductive films (TCF)
TRANSPARENT CONDUCTIVE FILMS (TCF) Transparent Conductive Films - the value of this market was estimated at approx. USD 5 billion in 2016. (based on IDTechEx report from 2016 and data from www.statista.com). The operation of displays, solar cells, touch screens and smartphones requires application o
Slide 24: Transparent conductive films – current standard
TRANSPARENT CONDUCTIVE FILMS – CURENT STANDARD multistep, complicated process Current technology low optical transparency & low conductance No alternative…? lack of flexibility expensive – based on rare element - idium yes ! there is xt-pl.com 18
Slide 25: Transparent conductive films – XTPL's value proposition
TRANSPARENT CONDUCTIVE FILMS - XTPL’S VALUE PROPOSITION ADVANTAGES Operation of displays, REQUIREMENTS full transparency solar cells, touchscreens XTPL has developed highest conductance or smartphones include such technology and is excellent conductance parameters parameters among others currently i
Slide 26: Printed electronics
PRINTED ELECTRONICS It is expected that printed electronics will favor the spread of cheaper, energy-efficient electronics for applications such as flexible displays, monitors, touch screens, smart labels, decorative signs and animated posters or active clothing. The field of applications is extreme
Slide 27: Financial results
FINANCIAL RESULTS xt-pl.com 24
Slide 28: P&L
P&L The name of the position 2016 2017 A. Net revenues from sales and equivalent, including: 38,58 2 205,90 - from subsidiaries and affiliates 0,00 0,00 I. Net sales revenues (including subsidies) 0,00 1 774,34 II. Change in the balance of products (increase – positive value, decrease – negative val
Slide 29: Cash flow
CASH FLOW 2016 2017 A. Cash flows from operating activities I Net profit (loss) -2 288,97 -3 850,62 II. Total adjustments 403,22 179,62 1. Depreciation and amortisation 295,63 469,88 2. Profit (loss) due to exchange differences 0,00 0,00 3. Dividend and share in profits 0,00 36,17 4. Profit (loss) o
Slide 30: Stock quotations
STOCK QUOTATIONS The company plans to become listed on the main market of the Warsaw Stock Exchange and to obtain the so-called ‘Single European Passport’. At the same time, the Management Board of XTPL intends to pursue a secondary listing on the Open Market in Frankfurt (operated by Deutsche Börse
Slide 31: Shareholding structure
SHAREHOLDING STRUCTURE XTPL’s founders, Filip Granek and Sebastian Młodziński, as well as the investor Konrad Pankiewicz (who finances the company through the company Leonarto) control more than 50% of votes at the General Meeting. The shareholding structure also includes two German investment funds
Slide 32: Highlights in 2017
HIGHLIGHTS IN 2017 xt-pl.com 29
Slide 33: Subscription of Series M shares, debut on NewConnect
Subscription of Series M Shares. Debut on NewConnect and International Investors in the Company In Q3 2017 the Company conducted a public offering of its series M shares, raising 2.5 million EUR to finance the commercialisation of its newly developed technology. On September 8, 2017, the Management
Slide 34: R&D successes and a new application for the XTPL technology
R&D Successes and a New Application for the XTPL Technology As a result of its R&D activities in 2017, the Company has managed to overcome the technological barrier in the precise printing of conductive lines. The current XTPL technology allows for printing lines with thickness below 100 nm (with th
Slide 35: Grant agreement for laboratory printer demo prototypes
Grant Agreement for the Development of Laboratory Printer Demo Prototypes On December 13, 2017, the Company signed a grant agreement for the development of laboratory printer demo prototypes under the Regional Operational Programme for the Lower Silesian Voivodeship 2014-2020. The grant is to sponso
Slide 36: Decision to change the listing market
Decision to Change the Listing Market On December 12, 2017, the Management Board of XTPL S.A. adopted a resolution to start work towards changing the listing market of the Company shares from the Alternative Trading System (NewConnect market) to the regulated market of Warsaw Stock exchange in Warsa
Slide 37: Technical Development Manufacturing Award and Economic Award
Technical Development Manufacturing Award and the Economic Award of the President of the Republic of Poland The prototype of the XTPL laboratory printer, presented during the IDTechEx Show Printed Electronics Europe in Berlin in May 2017 won the prestigious industry award, namely the Technical Devel
Slide 38: Future goals
FUTURE GOALS xt-pl.com 34
Slide 39: Stages of commercialization
STAGES OF COMMERCIALIZATION STAGE I (completed) STAGE II (underway) STAGE III Sale of equipment to R&D centers & conclusion of Sale of the industrial equipment and provision of Prototype development. JDAs. the complexed solutions. • MVP on offer (minimum viable product) in the form of a lab printer
Slide 40: Implementation status of goals for the public offer
IMPLEMENTATION STATUS OF GOALS FOR THE PUBLIC OFFER Task Current state Set up of Business Development • Two business development leaders recruited (start: October/November) Department, Sales Department and other • ID TechEX market survey done, April 2017 marketing activities • Participation in IDTec
Slide 41: Most important strategic actions planned
MOST IMPORTANT STRATEGIC ACTIONS PLANED ACTION TIMING Assembly & internal complex test of β-version printer Q1 2018 JDA with mature players in verified application segments - leading to industrial implementation in the future 2018 Initiation of Advisory Board H1 2018 Patent family development 2018 T
Slide 42: XTPL submicron lab printer – β-version concept
XTPL SUBMICRON LAB PRINTER – β-VERSION CONCEPT Lab Printer β-version will allow for: • validation of the technology • showcasing it to the research & development departments of prospective customers • building technological relationships • customers to create prototypes • defining other potential us
Slide 43: Worldwide recognition
WORLDWIDE RECOGNITION “We would consider “…if successfully “…unique and very “…make a clear value the implementation scaled, would fit attractive feature proposition for this of the XTPL very well into the for next generation market segment.” technology…” Technological silicon solar cells.” Roadmap…
Slide 44: Selected awards & grants
SELECTED AWARDS & GRANTS WINNER FINALIST GRANT THE ECONOMY AWARD OF THE CLIMATE VENTURE SME INSTRUMENTS PRESIDENT OF THE REPUBLIC OF SUMMIT POLAND ANDRZEJ DUDA 2017 IDTECHEX PRINTED ELECTRONICS RPO TECHNICAL DEVELOPMENT INPHO MANUFACTURING AWARD VENTURE SUMMIT NCBR FAST PATH MIT ENTERPRISE FORUM POL
Slide 45: Summary – most important assets
SUMMARY – MOST IMPORTANT ASSETS Great Global Strong Clear Market technology team strategy response 40
Slide 46: Thank you
investors@xt-pl.com M. +48 717 072 204 XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xt-pl.com Thank You