Xtpl Sa · GPW:XTP
Xtpl Sa — Q1 2021 Earnings Presentation
35 slides from Xtpl Sa's earnings presentation, May 27, 2021
Slide 1: XTPL S.A. Financial Results for 1Q2021
XTPL S.A. FINANCIAL RESULTS FOR 1Q2021 XTPL S.A. Filip Granek, CEO Autor: MayData: 27, 2021 19 październik 2019 xtpl.com
Slide 2: XTPL at Glance
XTPL AT GLANCE XTPL is a global player, developer and provider of breakthrough and unprecedented technology for electronics manufacturers, enabling effective production of new generation devices Founded in 2015, based Targeted and effective Begun commercialization in Poland and USA strategy focused
Slide 3: Agenda
AGENDA 1. 2. EXECUTIVE COMMERCIALIZATION SUMMARY 3. 4. 5. TECHNOLOGY FINANCIAL RESULTS SUMMARY xtpl.com 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY 1Q 2021 – summary • commencing commercialization of solutions - delivery of the printing device and sales of 3 nanoinks • completing 9 technology evaluations in terms of industrial implementations with global players of the printed electronics sector • breaking down further technol
Slide 5: Company Development Phase
COMPANY DEVELOPMENT PHASE NEXT STEP CURRENT PHASE Integration of XTPL Printing Module INITIAL TECHNOLOGY to industrial equipment DEVELOPMENT PHASE Research & Development Rapid Prototyping Continuous supply of ink and Development of the nozzles + cartridges underlying technology Technology evaluation
Slide 6: XTPL Products
XTPL PRODUCTS Microelectronics rapid prototyping possibilities to the feature sizes and applications previously unavailable to other printing techniques HIGH-RESOLUTION DELTA HIGHLY- „EPSILON” PRINTING CONCENTRATED PRINTING MODULE SYSTEM NANOINKS FOR INTEGRATION ▪ printing module for integration ▪ s
Slide 7: Global Range of Activity
GLOBAL RANGE OF ACTIVITY XTPL is based in Poland and in the USA (XTPL Inc.). The Company is in talks with global players and is currently commercializing its products on the markets of North America, Europe and Asia. XTPL initiated collaboration with business partners in South Korea and in China. XT
Slide 8: Platform Character
PLATFORM CHARACTER • USD 41.2bn - value of the global market of printed, flexible and organic electronics in 2020, up 11.0% YoY ADVANCED ELECTRONICS • USD 63.3bn - estimated value of this market in 2025, with USD 74.1bn estimated in 2030 • 9.0% - CAGR 2020–2025 • production of technologically advanc
Slide 9: Commercialization Model – Channels
COMMERCIALIZATION MODEL – CHANNELS LICENSING • the company develops technological solution dedicated to a particular application field and license it to a partner • on its basis, the partner builds devices that allow the technology to be used in the industry • the company generates revenues from one
Slide 10: XTPL Teams Up with Business Partners in South Korea and China
XTPL TEAMS UP WITH BUSINESS PARTNERS IN SOUTH KOREA AND CHINA XTPL DISTRIBUTORS BANDI CONSORTIA YI XIN (South Korea) (China and Hong Kong) XTPL has established cooperation with Bandi Consortia to XTPL is expanding its presence in the Chinese market by support the commercialization of XTPL technology
Slide 11: XTPL Ultra-Precise Deposition (UPD) Module
XTPL ULTRA-PRECISE DEPOSITION (UPD) MODULE XTPL provides a breakthrough technology of nanoparticle deposition in the form of a head with a printing device and software. Dedicated for use on industrial production lines. It can be adapted to the needs of the customer. XTPL SOLUTION XTPL ULTRA-PRECISE
Slide 12: Current Industrial Project Pipeline
CURRENT CURRENT INDUSTRIAL INDUSTRIAL PROJECT PROJECT PIPELINE PIPELINE (only (only projects projects in Stage in Stage 2 and 2 and above above shown) shown) STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 INDUSTRY AND PARTNER / Base-technology Initial contact and Technology Evaluation Technology In
Slide 13: Delta Printing System
DELTA PRINTING SYSTEM XTPL Delta Printing System has all the features of the XTPL® UPD technology Goal: Delta Printing System • XTPL technology demonstrator - prototyping device • Building the credibility of XTPL in the industry by key opinion leaders (an industry expert) and raising awareness of th
Slide 14: Pipeline & Commercialization Q1 2021 – Delta Printing System
PIPELINE & COMMERCIALIZATION Q12021 – DELTA PRINTING SYSTEM OFFER MADE DEMO PROJECTS AND NEGOCIACIONS TO A POTENTIAL CLIENT 7 8 Delta Printer price: approx. EUR 150-200k / PLN 680-900k Key milestones in Q1 2021: • first device delivered to the University of Stuttgart, Germany Purpose: • demonstratio
Slide 15: XTPL Nanoinks
XTPL NANOINKS The nano-ink allows the full potential of the UPD method to be used and can also be commercialized individually Inks dedicated to different technology types: XTPL Nanoinks • They have dedicated physicochemical properties enabling full utilization of the UPD method’s potential • The ink
Slide 16: Pipeline and Commercialization Q1 2021 – Nanoinks
PIPELINE AND COMMERCIALIZATION Q12021 – NANOINKS OFFER MADE TO A POTENTIAL SAMPLE SENT TO POTENTIAL SALES CONTRACT SIGNED* CLIENT CLIENT AND NEGOTIATIONS AND PRODUCT DELIVERED 9 1 3 Key milestones in Q12021: • re-ordering of the XTPL nanoink by the same contractor • 3 independent orders from EMEA an
Slide 17: Technology and R&D – Summary
TECHNOLOGY AND R&D – SUMMARY OF Q1 2020 In 2021, XTPL actively participated in the following • development of Ag ink formulations dedicated to various printing techniques, international industry events notably XTPL INKJET INK IJ36 technique • XTPL technology webinar - Poland • extension of the repla
Slide 18: The Uniqueness of the XTPL Ultra-Precise Deposition Technology
THE UNIQUENESS OF THE XTPL ULTRA-PRECISE DEPOSITION TECHNOLOGY The XTPL technology stands out from other methods in terms of both viscosity and structure sizes, which makes it unique on the market • ability to print high viscous materials along with small feature sizes • high aspect ratios just afte
Slide 19: XTPL Inkjet Ink IJ36
XTPL INKJET INK IJ36 ▪ superior printing stability - over 1 month of continuous work with repeatable results ▪ reduced clogging of the nozzles - even with the smallest 1 pL cartridges available for Dimatix DMP-2850 Printer ▪ high electrical conductivity - over 40% of bulk Ag conductivity ▪ compatibi
Slide 20: Extend the Lifetime of a Replaceable Nozzle to 60 Days
EXTEND THE LIFETIME OF A REPLACEABLE NOZZLE TO 60 DAYS SUPERIOR PRINTING STABILITY The users of XTPL Printing System benefit from a demonstrated best- in-class printing stability: sustained 8 hours of continuous printing, and up to 60 days of on and off printing with XTPL CL85 conductive silver nano
Slide 21: Printing High Density Conductive Lines
PRINTING HIGH DENSITY CONDUCTIVE LINES Test printing of thin, high-density conductive lines on client-supplied substrates and based on the client’s design. One of the tasks was to print 5 µm wide conductive lines with a 5 µm gap between them. The proposed pattern consisted of five independent paths.
Slide 22: Development of the Technique of Printing Features up to 1 µm Wide
DEVELOPMENT OF THE TECHNIQUE OF PRINTING FEATURES UP TO 1 µm WIDE Achievement of a very high degree of repeatability of 1 µm wide conductive lines printed on the electrical layer of high-resolution OLED displays. These substrates have very complex topography due to the high number of layered conduct
Slide 23: Microdots Printing
MICRODOTS PRINTING Quantum dots: QNA.dots Viscosity: ≈ 20 cP Quantum dots based INK (QD supplied by commercial partner), dispensed with XTPL® UPD printing technology and using XTPL® Delta printer. xtpl.com CONFIDENTIAL 23
Slide 24: Micro Via Filling – TSV RDL Application
MICRO VIA FILLING – TSV RDL APPLICATION “Standard” approach of via filling XTPL approach of via filling No special The advantages of XTPL approach: requirements for SiO2 preparation the via before filling ▪ reduction of number of steps ▪ deposition directly to the via without overflow Deposition the
Slide 25: Micro Via Filling – TSV RDL Application
MICRO VIA FILLING – TSV RDL APPLICATION XTPL approach of via filling EMPTY VIA FILLED VIA FILLED No special THROUGH SILICON VIA WITH INSULATING INK WITH CONDUCTIVE INK requirements for SiO2 preparation the via before filling Deposition the ink (conductive or insulating) directly INK to the via witho
Slide 26: Intellectual Property Protection – Summary 2020
INTELLECTUAL PROPERTY PROTECTION – SUMMARY 2020 XTPL’s global solutions are being systematically secured by expansion of the patent INTELLECTUAL cloud. Intellectual property is a product and a competitive advantage, while PROPERTY development of the patent cloud has a major impact on the Company’s v
Slide 27: COVID-19 – Impact on XTPL
COVID-19 – IMPACT ON XTPL MARKET IMPACT IMPACT ON INTERNAL ACTIVITIES • XTPL activities and target markets are not among the ones • the Company is well prepared internally for remote work. Technological which are heavily affected by COVID-19 activities are executed continuously in our labs under app
Slide 28: XTPL Shareholding Structure
XTPL SHAREHOLDING STRUCTURE xtpl.com 28
Slide 29: Q1 2021 Financial Results – Summary
Q12021 FINANCIAL RESULTS – SUMMARY 1Q2021 1Q2020 Revenue from sales 14 9 Grants (income + prepayments) 213 195 * figures in EUR thousand Operating costs 418 571 Incentive program costs 230 432 EBIT -514 -800 EBIT adjusted by incentive costs -284 -368 CAPEX -149 0 CF -411 -396 1Q2021 12.31.2020 Cash
Slide 30: Cash Flow
CASH FLOW * figures in EUR thousand xtpl.com 30
Slide 31: NCBR Grant
NCBR GRANT • April 9, XTPL S.A. received a recommendation from National Center for Reseach and Development (NCBR) for funding in the amount of PLN 7,7 milion for the project “Development of breakthrough printing technology of 3D micrometric conductive structures using an innovative printhead capable
Slide 32: XTPL Value - Summary
XTPL VALUE - SUMMARY The value of XTPL results from the potential of the unique technology developed by the company, wide possibilities of its application in the existing and new application fields, and from its intellectual property systematically secured by patent applications. The potential of in
Slide 33: Why XTPL? – Summary
WHY XTPL? – SUMMARY XTPL is a global player in the rapidly growing printed electronics market, with a targeted development strategy, an interdisciplinary team of experts and support from stable shareholders. It offers global business partners the world’s most precise, platform printing technology, p
Slide 34: Thank You
CONTACT FOR INVESTORS: investors@xtpl.com XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com THANK YOU
Slide 35: Disclaimer
DISCLAIMER This presentation has been prepared by XTPL S.A. (“Company”) for the sole purpose of giving an introduction on the business of the Company. The presentation: • has selected information; it does not give a comprehensive description of business or financial analysis of the Company; • is not