Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Investor Presentation (September 2021)
68 slides from Nano Dimension's investor presentation, Sep 20, 2021
Slide 1: Investor Presentation
Investor Presentation September 2021 © 2021 - PROPRIETARY 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Nano Dimension Ltd. (the “Company” or “Nano Dimension”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “bel
Slide 3: Table of Contents
Table of Contents 01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future © 2021 – PROPRIETARY | Nasdaq: NNDM 3
Slide 4: Nano Dimension's Additive Manufacturing Systems
Nano Dimension’s Additive Manufacturing Systems Appeal to an expansive array of customers given the AME & AM production offerings: 2. Fabrica 2.0 Ultra Precise 1. DragonFly LDM® – Micro 3D 3D AM Electronics Applications Printing System High Performance Electronic Devices (Hi- Acquired: April 2021 PE
Slide 5: Financials: Why Invest Now?
Financials: Why Invest Now? Razor Razor-blade Model Hardware Materials Nano Dimension's Products Have High Gross Margins And Purchase Estimated Recurring Recurring Revenue from: Price Revenue 10-15% per $450K machine per annum* • System sale • Service contracts Estimated Purchase • Consumables, i.e.
Slide 6: People who are really serious about Software should make their own Hardware
“People who are really serious about Software should make their own Hardware” - Alan C. Kay Alan Curtis Kay: best known for his pioneering work on object-oriented programming and windowing graphical user interface (GUI) design. He was awarded the Turing award in 2003. A Fellow of the American Academ
Slide 7: Challenges to adoption of Additive Manufacturing (AM)
Challenges to adoption of Additive Manufacturing (AM) Scaling AM is not trivial: Quality consistency Slow production speeds Accuracy Materials development Post-processing System maintenance Yet, REAL Artificial Intelligence, i.e., Deep & Machine Learning, have rarely been applied! (Performance Limit
Slide 8: A Strategic Acquisition – Robotic Brain
A Strategic Acquisition – “Robotic Brain” DeepCube was acquired for their Deep Learning/Machine Learning technology to be applied in synergistic (fabrication & end users) areas across additive manufacturing. Acquired: April 2021 Hardware agnostic, Deep Learning Software Acceleration Engine, designed
Slide 9: Investment Thesis
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials Investment 08 The Future Thesis What are Shareholders Investing in, in the case of Nano Dimension? © 2021 – PROPRIETARY | Nasdaq: NNDM 9
Slide 10: Investment Thesis: What 'it is Not'?
Investment Thesis What ‘it is Not’? • A company that will show, in the short term, Revenue and Profit growth on a quarterly basis • A Company that will pay inflated prices for Acquisitions in order to accelerate Revenue growth © 2021 – PROPRIETARY | Nasdaq: NNDM 10
Slide 11: Investment Thesis: What 'it is'?
Investment Thesis What ‘it is’? • A Company that will grow in ‘step functions’, led by: • Synergistic Acquisitions • Products & Technologies Breakthroughs • Scaling up both above into eventual superior revenue & ROI growth Think about BioTech Investment Model with no catastrophic downside © 2021 – P
Slide 12: Investment Thesis: Mission & Vision
Investment Thesis How? Investment in a Balance Sheet…Which will enable the fulfillment of the following Mission & Vision Nano Dimension Nasdaq: NNDM © 2021 – PROPRIETARY | Nasdaq: NNDM 12
Slide 13: Investment Thesis: Mission & Vision
Investment Mission & Vision Nano Dimension Nasdaq: NNDM Thesis 01 To transform AM electronics & adjacent AM sectors into an environmentally friendly & economically efficient additive manufacturing Industry 4.0 – enabling a one production-step- Vision conversion of digital designs into functioning me
Slide 14: Balance Sheet Nano Dimension: Assets
Balance Sheet Nano Dimension: Nasdaq: NNDM Assets © 2021 – PROPRIETARY | Nasdaq: NNDM 14
Slide 15: Balance Sheet Nano Dimension: Liabilities
Balance Sheet Nano Dimension: Nasdaq: NNDM Liabilities © 2021 – PROPRIETARY | Nasdaq: NNDM 15
Slide 16: The Opportunities
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future The Opportunities © 2021 – PROPRIETARY | Nasdaq: NNDM 16
Slide 17: Nano Dimension - Modernizing The Factory
Nano Dimension - Modernizing The Factory Other technologies have It is time for a revolution revolutionized other industries in manufacturing © 2021 – PROPRIETARY | Nasdaq: NNDM 17
Slide 18: Historical Case Study Comparison
Historical Case Study Comparison The printing press exponentially accelerated and expanded the individual capacity for production and, thus, spurred the culturally-momentous Industrial Revolution 500 BCE 1436 CE 1907 1970 2008 2016 However, only in 1970-2000 the printing press industry actually co
Slide 19: Additively Manufactured Electronics (AME) Simplifying a Complex Process
Additively Manufactured Electronics (AME) Simplifying a Complex Process Definition of AME: Benefits of AME Additively Manufactured Electronics AME removes many of the (AME) is the process of using challenges of the intensive additive manufacturing (also known traditional Printed Circuit Boards as 3D
Slide 20: Nano Dimension AM Systems
Nano Dimension’ AM Systems Appeals to an expansive array of customers 2. Fabrica 2.0 given it’s AM fabrication offerings: Ultra Precise Micro 3D 1. DragonFly LDM® – Applications 3D AM Electronics Printing System High Performance Electronic Devices (Hi- PEDs®) and complex circuit boards © 2021 – PROP
Slide 21: Harnessing Deep Learning
Harnessing Deep Learning Using DEEPCUBE®, a deep learning-based AI platform, our systems will become self-improving, faster, with higher yields & higher throughputs and efficiency © 2021 – PROPRIETARY | Nasdaq: NNDM 21
Slide 22: The Winning Formula for AM & AME
The Winning Formula for AM & AME Real time imaging Deep learning-based AI “In situ” additive manufacturing monitoring In short, applying Deep Learning to some of AM’s greatest challenges, unlocks value! © 2021 – PROPRIETARY | Nasdaq: NNDM 22
Slide 23: Opportunities to leapfrog with Deep Learning/Machine Learning
Opportunities to leapfrog with Deep Learning/Machine Learning M&A Type NG (NewGen) will be focused on moving a current AM technology closer to production scale volumes by addressing: Quality consistency Slow production speeds Post processing © 2021 – PROPRIETARY | Nasdaq: NNDM 23
Slide 24: Fusing together Training & Inference
Fusing together Training & Inference CNN DEEP RNN CUBE Transformer MLP Driving a 10X ML Economics CPU AI ARM GPU ASIC © 2021 – PROPRIETARY | Nasdaq: NNDM 24
Slide 25: Overview of Nano Dimension
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future Overview of Nano Dimension © 2021 – PROPRIETARY | Nasdaq: NNDM 25
Slide 26: Additively Manufactured Electronics
Additively Manufactured Electronics Achieve AME via two means DragonFly LDM® 2.0 NaNoS® 3D Printing System 3D Fabrication Services • Available for purchase or lease • A collaborative creation and design process • Easy ordering for our proprietary • Option to create proof of concept and consumables (
Slide 27: Industry-Leading, Ground-Breaking AME Tech
Industry-Leading, Ground-Breaking AME Tech The DragonFly® AME System manufactures High- Performance Electronic Devices (Hi-PEDs®) through one-of-a-kind, AI-driven 3D- inkjet process. © 2021 – PROPRIETARY | Nasdaq: NNDM 27
Slide 28: Additively Manufactured Electronics (AME): How Does AME Work?
Additively Manufactured Electronics (AME) Simplifying a Complex Process How does AME Work? 1. Two Inkjet Printheads apply Both Materials Simultaneously 2. The Object Is Built Up, Layer By Layer, Through Full Stack Thickness © 2021 – PROPRIETARY | Nasdaq: NNDM 28
Slide 29: High Performance Electronic Devices (Hi-PEDs)
High Performance Electronic Devices (Hi-PEDs®) Nano Dimension’s machines and processes allow for previously unprecedented geometries and complex devices-ushering in a new age of more efficient and more accessible technology - known as High-Performance Electronic Devices – Hi-PEDs® © 2021 – PROPRIETA
Slide 30: Additive Manufacturing for Micro Parts
Additive Manufacturing for Micro Parts The Fabrica 2.0® System • Applies additive manufacturing (AM) to micro manufacturing • Provides unparalleled synergies with DragonFly LDM AME system • Enables inter-tile stitching, allowing for large build volume printing Implemented by the recent acquisition o
Slide 31: Deep Learning-based AI: Higher Yield, Self-improving, Faster, Cost Effective
Deep Learning-based AI: Higher Yield, Self-improving, Faster, Cost Effective Drives better performance – higher Advances technology by generations throughput and yield - based on self-learning, and erects barriers for entry and self-improving, and self-correcting algorithms competitive edge for comp
Slide 32: Current AME Tech-Patents
Current AME Tech-Patents Currently, we hold over 106 patent applications • Including, 18 US-granted patents • Fabrica Group acquisition entailed 6 additional patents © 2021 – PROPRIETARY | Nasdaq: NNDM 32
Slide 33: Nano Dimension's Global Operation
Nano Dimension’s Global Operation Nano Dimensions has: • Sold over 60 DragonFly® AME Machines • Invested over $80 million in R&D • Built HQ in USA and Sales organizations in • Commenced synergistic M&A program the United States, Asia, & Europe • Acquired DEEPCUBE® Group & Fabrica Group • Raised over
Slide 34: Present Investment Information
Present Investment Information Sustained ~$6.50 $1.4 billion High Per ADS cash on balance sheet Trading stock price (with no debt) Volumes (Nasdaq: NNDM) © 2021 – PROPRIETARY | Nasdaq: NNDM 34
Slide 35: Investment advantage
Investment advantage Nano Dimension is uniquely able to • Drive a full-fledge, three-pronged R&D Product Development business development strategy across R&D, Go-To-Market, and M&A • Build and execute a strategy evolving toward high-mix-low- volume production Disrupting AM & AME • Combine Additive M
Slide 36: The Products
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future The Products © 2021 – PROPRIETARY | Nasdaq: NNDM 36
Slide 37: Problems With Current industries of PCB/AME/AM Manufacturing
Problems With Current industries of PCB/AME/AM Manufacturing: 01 02 03 Poor energy efficiency, Slow production time and high costs Potential for IP eco-unfriendly, Long Tine To Market theft Wasteful, not-supporting Supply Chain sustainability issues © 2021 – PROPRIETARY | Nasdaq: NNDM 37
Slide 38: Problems: Poor energy, environmental, waste sustainability
Problems With Current industries of PCB/AME/AM Manufacturing: Poor energy, environmental, waste sustainability Excessive Energy Use • Due to poorly and irredeemably designed global supply chains Detrimental carbon footprint • Due to poorly and irredeemably designed global supply chains Disposal of e
Slide 39: Problems: Slow Production Time and High Costs
Problems With Current industries of PCB/AME/AM Manufacturing: Slow Production Time and High Costs Process – from initial innovation to having a product in hand – is both unnecessarily slow and high in cost. © 2021 – PROPRIETARY | Nasdaq: NNDM 39
Slide 40: Problems: Potential for IP theft
Problems With Current industries of PCB/AME/AM Manufacturing: Potential for IP theft Outsourcing manufacturing, especially in a competitive world, creates untold intellectual property (IP) concerns • Hardware design companies regard their PCB designs as core IP • Therefore, many are reluctant to sen
Slide 41: Solution: Nano Dimension Systems
Solution: Nano Dimension Systems We resolve every inefficiency within traditional production methods, and we launch tech production into a new generation entirely More sustainable and demonstratably so on key ecological, environmental, and waste metrics. Faster with prints performed in 24 - 48 hours
Slide 42: Solution: More Sustainable with Nano Dimension Systems
Solution: More Sustainable with Nano Dimension Systems The Dragonfly LDM’s in-house system: • Combines over 70 steps into one complete process • Optimizes material use and drastically cuts environmental impacts • Minimal relative energy use • Almost 100% savings in transportation energy and impact b
Slide 43: Solution: Faster Nano Dimension Technology
Solution: Faster Nano Dimension Technology Simply put: • Vastly reduces overall production costs and price of error • Decreases reliance on economies of scale • Revolutionizes R&D capabilities via rapid prototyping • Expedites time to market • Exponentially accelerates global innovation process DESI
Slide 44: Revolutionary outputs: Hi-PEDs
Revolutionary outputs: Hi-PEDs® Nano Dimension’s DragonFly LDM 2.0 produces high quality Hi-PEDs® and Complex Printed Circuit Boards (PCBs) © 2021 – PROPRIETARY | Nasdaq: NNDM 44
Slide 45: Revolutionary outputs: Micro parts
Revolutionary outputs: Micro parts • Fabrica 2.0® introduces Additive Manufacturing (AM) to the micro manufacturing process • Harnesses semiconductor lithography alongside advanced optics to execute the most advanced 3D printing to date • No tooling cost, minimal set-up cost, mass customize/personal
Slide 46: Markets & Traction
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future Markets & Traction © 2021 – PROPRIETARY | Nasdaq: NNDM 46
Slide 47: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook IDTechEX (2019) Global 3D printing (AM) Market size: $13.78 billion in 2020 • The total market for 3D printed electronics will be • 21.0% projected CAGR from 2021 to 2028 4500 worth $2.3bn by 2029 and will be dominated by Global 3D PRINTED ELECTRONICS M
Slide 48: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook N A N O D I M E N S I O N : L E A D I N G T H E A M /A M E R E V O LU T I O N 3D Printed Electronics market is expected to be worth $2.4 Additive Manufacturing (Metal & Polymers) Additive Manufacturing of Electronics (AME) billion by 2025 $12,000 - Data
Slide 49: Market: Nano Dimension has a promising outlook
Market: Nano Dimension has a promising outlook In a post-corona world, data projects inefficient, risky supply chains. Companies move to tighten supply chains, move towards in-house production The global supply chain right now is disrupted … the high –tech industry is heavily reliant on China and pa
Slide 50: Current Customers by industry
Current Customers by industry Defense Aerospace • 3 multi billion-dollar U.S. Defense • Leading Aerospace companies Manufacturers • 2 European Defense Manufacturers • Multiple Secret Service Agencies Military and Government • The U.S. military Medical • Leading Medical and BioTech companies Research
Slide 51: Current Customers by geography
Current Customers by geography © 2021 – PROPRIETARY | Nasdaq: NNDM 51
Slide 52: Customer Testimonials
Customer Testimonials Nano Dimension’s Customers are pleased with results: “The DragonFly “The ability to “To have high- “Nano Dimension’s “With the DragonFly system enables us manufacture RF density components AME technology LDM we will drive to achieve quick systems in-house quickly available simp
Slide 53: Certifications
Certifications Nano Dimension has the right certifications to get the job done Top Quality certified ITAR REGISTRATION GRANTED, CERTIFYING CLEARANCE TO WORK IN CONJUNCTION WITH U.S. MILITARY ISO 14001 OHSAS 18001 certified certified ISO 45001 RoHS certified compliant In-house DragonFly system manufa
Slide 54: Financials
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future Financials © 2021 – PROPRIETARY | Nasdaq: NNDM 54
Slide 55: Financials: Why Invest Now?
Financials: Why Invest Now? Why Invest 1 2 3 & become a Long-Term Shareholder? Well financed with ~$6-6.50/ADS stock price Steadily $1.4 billion cash, & showing upside relative to Demonstrated no debt cash & business plans Trading liquidity 7 6 5 4 Prominent Over 60 DragonFly & $17.2 million in BioT
Slide 56: Financials: Why Invest Now?
Financials: Why Invest Now? Since the series of secondary offerings starting in 2020, Nano Dimension’s shares have seen a 704% YoY growth as compared to the 38.98% growth of the S&P 500 in the last year From March 29, 2020, to July 25, March 29, 2020 July 25, 2021~$6.37 / Share 2021 $0.65 / Share •
Slide 57: Financials: Why Invest Now?
Financials: Why Invest Now? Nano Dimension Business value is expected to rise with investment in M&A, Commercialization, and R&D • S&P Year-over-Year Growth Rate in Last 5 Years: 20.3% • Nano Dimension’s Year-over-Year Growth Projection Next 5 Years: 100% • With fast product development timeline, re
Slide 58: The Future of Nano Dimension
01 Teaser 02 Investment Thesis 03 The Opportunities 04 Overview of Nano Dimension 05 The Products 06 The Markets 07 Financials 08 The Future The Future of Nano Dimension © 2021 – PROPRIETARY | Nasdaq: NNDM 58
Slide 59: Growth Strategy: Business Development
Growth Strategy: Business Development Since early 2021, a three-pronged approach was planned and implemented as per Nano Dimension’s vision and mission: 1 - Accelerated R&D + Product Development 2 –Customer centric Go-To-Market 3 - Synergetic M&A © 2021 – PROPRIETARY | Nasdaq: NNDM 59
Slide 60: Growth Strategy: Research & Development
Growth Strategy: Research & Development A multi-generation plan of systems development is being run in-parallel to help Nano Dimension customers realize production scale volumes. • Stage I DragonFly PIK* - End 2021 • Stage II DragonFly MARK* - Manufacturing And Reliability Kit with new materials tha
Slide 61: Growth Strategy: Go-To-Market
Growth Strategy: Go–To–Market Human Capital Expansion Nano Dimension is building GTM team in order to accelerate growth strategies Expanding team & capabilities of Sales, Marketing & Support groups in all geographic regions Team Members 600 400 200 0 Q1 2021 Q3 2021 Q1 2022 Q3 2022 Team Members © 20
Slide 62: Growth Strategy: Go-To-Market
Growth Strategy: Go-To-Market • Building a Commercial Division with • Nano Dimension focuses on ability to reach and service customers commercialization of products: globally, including growing Florida based• Invest heavily to populate the market with 3D USA HQ Printing fabrication machines ASAP, an
Slide 63: Growth Strategy: Synergetic Mergers & Acquisitions
Growth Strategy: Synergetic Mergers & Acquisitions • In-house M&A team is driving a focused M&A strategy that seeks to help Nano Dimension to: • Realize customer synergies • Accelerate R&D with enabling technologies • Increase capabilities across the larger supply chain • Two acquisitions thus far i
Slide 64: 170+ target companies later…
170+ target companies later… In the last twelve months over 170 target companies were scanned with focus on technologies, customers, and business models. OBSERVATIONS: Valuations i. Type A: Inflated valuations – Asking prices (Type A) are regularly 10+ times EBITDA (historical average = 7-9 times EB
Slide 65: Synergetic M&A strategy
Synergetic M&A strategy 3 types of acquisitions were explored, Type NG is now added Vertical Type A – Customer access integration Connecting to our potential customers Equipment and assembly (C) Type B – Technologies To advance Nano Dimension’s AME 3D-printing Type C – Capital equipment i.e., Sellin
Slide 66: New: The Right Management Team
New: The Right Management Team Yoav Stern Zivi Nedivi Ziki Peled CEO and Chairman President COO • CEO of Cyalume Technologies Inc., • COO/CRO of DVTEL Inc., Video Software company. • President & CEO of DVTEL Inc., Video Software company. chemical-lighting solutions • GM Security, FLIR Systems Inc. •
Slide 67: New: The Right Management Team
New: The Right Management Team Tamir Margalit Eri Rubin Eyal Shelef Dr. Jon Donner VP Research & Development Head of R&D, DEEPCUBE Head of R&D, Fabrica GM, Fabrica • VP R&D at Kitov.ai, a 3D inspection, • 15+ years of experience working in the • Founder of NanoFabrica Ltd. • HP for 16 years in R&D,
Slide 68: Thank You
Thank You @nano-di.com © 2021 – PROPRIETARY | Nasdaq: NNDM 68
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