Slide 1: Interim results presentation
Interim results presentation NANoco: For the period ended 31 January 2022 possibilities
Slide 2: Disclaimer
DISCLAIMER NANOCO> The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. This presenta
Slide 3: Highlights
HIGHLIGHTS NANOCO* Operational highlights ——~ Further work packages agreed with major customer ——_— Financial highlights a Revenue and other operating income 21% up on PY Expanding infra-red sensing materials portfolio Cost base stable at c. £0.4m pcm, reduces in H2 FY22 and H1 FY23 Preparing Runcor
Slide 4: Sources of Value
SOURCES OF VALUE NANOCO®: Display (organic services and products) Small scale development projects in progress Unchanged Litigation Transformative value PON potential Key milestones H1 (IPR) and H2 (Trial) 2022 Growing confidence Pet Interim Results —January 2022 MII
Slide 5: IR Sensing Opportunities
IR SENSING OPPORTUNITIES NANO ce? The Problem Why Quantum Dots Nanoco's Differentiation Poor IR efficiency of silicon sensors @ Expand sensor range into infra red Vv Proven data capture efficiency (~10x) Interference from natural light @ Overcomes sunlight issues Vv Large production capability in pl
Slide 6: Sensing Portfolio Development
SENSING PORTFOLIO DEVELOPMENT NANOCO: January 2022 NIR SWIR Wavelength (<1.0 um) (1.0 - 1.3 ym) (1.3 -1.5 um) (>1.5 um) Legend Material A B c A B c A B A B . crt c c eo Development-— material at R&D scale Customer 1 @ Customer 2 (D) @ Validation— Runcorn material ready for validation Customer 3 © (D
Slide 7: QD containing units
millions 350.0 QD containing units* 300.0 250.0 200.0 150.0 ✔ 100.0 ✔ 50.0 0.0 ✔ 2018 2019 2020 2021(f) 2022(f) 2023(f) 2024(f) 2025(f) 2026(f) 2027(f) TV Public signage PC's & Monitors ✔ Tablet/Phablet Mobile phone<5" Other
Slide 8: CFQD Adjacent Applications
CFQD ADJACENT APPLICATIONS NANOCO:: GROUP PLC e® QD platform technology has adjacent applications with low cost to transfer Nanoco Life Sciences Lighting (including horticultural) Rapid pathogen diagnostics Enhanced imaging (SALA, Monoclonal oa Antibodies) VIVODOTS® Enhanced nanoparticles photodynam
Slide 9: Samsung Litigation Update
SAMSUNG LITIGATION UPDATE Meee e Five patents (47 claims) relating to Nanoco's unique QD capabilities e To‘win'—at least one claim must survive both patent review and trial e PTAB decision patent validity claims expected by May 2022 —- oral hearing went well e Court trial will then decide infringeme
Slide 10: Samsung Litigation Timeline
SAMSUNG LITIGATION TIMELINE NANO ce? Patent Trial and Appeal Board Process (‘PTAB’) : PTAB decision on IPRs Potential PTAB appeals [FP 2 line sTeulze p Settles validity points Option for both sides Oral hearing 23 February 2022 Trial Process Markman - Trial and jury Judge's opinion on Appeal Nanoco
Slide 11: Litigation Value Opportunities
LITIGATION VALUE OPPORTUNITIES NANOCO? Patents —- Western Patents - North te 20 5 eK ee Patents —HK/ wpoChina / Taiwan = ri Patents —Korea 40 fe Granted 7 Pending te, B08) Granted\ Pending 20 0 Granted Pending lr “Company estimates of Samsung QD TV sales by region e European QD TV market only a litt
Slide 12: Financial Review
NANOCO:: GROUP PLC e® FINANCIAL REVIEW
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS NANOCO’ — Revenue and other operating income 21% ahead of prior year Operating loss — Adjusted operating loss reduced by 27% from prior year ~ Continued investment in tightly focused R&D activities — Headcount stable, continuing management action to reduce other costs ~ Maintain
Slide 14: Income Statement
INCOME STATEMENT NANOCO: Se 2 Change £m Revenue and other operating income (‘OOl’) 13 11 +0.2 Cost of sales (0.1) (0.1) - Gross profit 1.2 1.0 +0.2 R&D investment (1.0) (1.2) +0.2 Other administrative expenses (1.3) (1.3) - Adjusted LBITDA (1.1) (1.5) +0.4 Share based payments (0.4) (0.3) (0.1) Depr
Slide 15: Movement in Net Loss
MOVEMENT IN NET LOSS NANOCO> £m 25 7 oJ ap = 2.0 4 15 4 23 10 4 \ NNN Os + 0.0 T T T T T Fy21 Net revenue Opex SBP's Other FY22 — Revenue and OO! £0.2m higher with strong operational leverage from service income — Operating costs £0.2m lower than prior year, despite furlough benefit in prior year —
Slide 16: Movement in Cash
MOVEMENT IN CASH NANOCO: £m 4.0 3.5 3.0 . | 2.0 3.8 \o3 ory med 15 1.0 0.5 0.0 FY21 Adj LBITDA Deferred Working Operating Capex FY22 Late tax Late Like for like income capital leases credit customer Hl cash receipt — Underlying cash consumption £1.0m in the Period — Late receipt of R&D tax credit (€
Slide 17: Financial Summary
FINANCIAL SUMMARY NANOCO: ~ Active opportunities underpin FY22 revenue in line with FY21 — Cash costs stable at £0.4m per month - property savings Q3 FY22 ~ Business stable, ongoing commercial opportunities, steady headcount — Team of 37 FTE’s highly flexible - capacity for services and product reve
Slide 18: Summary
NANOCO:: GROUP PLC e® SUMMARY
Slide 19: Summary
SUMMARY NANOceo: — Samsung litigation - key value inflection points May 22 and Q4 CY22 > H2 CY22 visibility on potential sensing production revenue in CY23 — Management active in generating value from both sources ~ Cost base to reduce by around 20% over next 12 months ~ Organic cash runway extends
Slide 20: Questions
NANOCO:: GROUP PLC e® QUESTIONS
Slide 21: Appendices
NANOCO:: GROUP PLC e® APPENDICES
Slide 22: Board Members
BOARD MEMBERS Dr Christopher Richards Non-Executive Chairman Brian Tenner CEO Dr Nigel Pickett Co-founder & CTO Liam Gray CFO and Company Secretary Dr Alison Fielding Non-Executive (Remuneration chair) Chris Batterham Non-Executive (Audit chair) Henry Turcan Non-Executive Interim Results —January 20
Slide 23: Shareholder Analysis
NANOCO:: SHAREHOLDER ANALYSIS (AS AT 31 Jan 2022) GROUP PLCe* Lombard Odier 84,432,503 27.49% Hargreaves Lansdown Asset Management 41,396,743 13.48% Mr Richard | Griffiths 30,500,000 9.93% Interactive Investor 25,508,958 8.31% Dr Nigel Pickett (CTO) 11,245,548 3.66% Barclays Smart Investor 9,611,144
Slide 24: Nanoco Group PLC contact details
Nanoco Group PLC ee 46 Grafton Street, Manchester, M13 9NT, United Kingdom, e Tel: +44 161 603 7900 | Fax: +44 161 603 7901 NANOCO ° info@nanocotechnologies.com ‘Www.nanocogroup.com e° 24