Slide 1: Financial Results for Q4 and FY 2023
Financial Results for Q4 and FY 2023 XTPL S.A. April 26, 2024
Slide 2: Executive summary
Executive summary PLN 34.6 million net proceeds from the issue of series V shares in July 2023 ▪ Adopting the 2023–2026 Strategy to achieve 10x growth in revenues from the sale of products and services to PLN 100 million by the end of 2026 PLN 13.4 million ▪ Taking 3 further industrial projects to t
Slide 3: Agenda
Agenda 01 Financial Results FY and Q4 2023 02 Technology and Business in 2023 03 Outlook and Summary 3
Slide 4: Financial Results FY and Q4 2023
01 Financial Results FY and Q4 2023 4
Slide 5: Strong growth of revenues from the sale of products – summary for 2023
Strong growth of revenues from the sale of products – summary for 2023 * figures in PLN thousand Revenues from the Commercial sales of commercial sales of products and services products and services share in total revenues ▪ Completed transition from an R&D-focused firm 13 418 into a business that s
Slide 6: Financial results – summary FY and Q4 2023
Financial results – summary FY and Q4 2023 * figures in PLN thousand ▪ A 34% increase in revenues from the sale of FY 2023 FY 2022 Q4 2023 Q4 2022 products and services in 2023 YoY Total revenues ▪ Higher DPS sales – 13 devices delivered in 2023 and 15,475 12,817 4,648 4,299 13 ordered – and sales o
Slide 7: Cash flow - FY 2023 summary
Cash flow - FY 2023 summary * figures in PLN thousand 60 000 1 840 3 400 13 418 3 152 50 000 3 383 7 503 33 520 40 000 30 000 16 905 20 000 27 275 10 000 6 040 0 01.01.2023 pozostałe other sprzedaż sale of dotacje grants amortyzacja depreciation kapitał working cost of koszt investing przepływy oper
Slide 8: More than PLN 36.5 million gross raised to accelerate growth and fund investments
More than PLN 36.5 million gross raised to accelerate growth and fund investments Offer, type and number of shares offerred Shareholding structure (April 2024) 275,000 series V ordinary bearer shares, with Shares offered disapplication of pre-emptive rights, accounting for 13.55% of votes and shares
Slide 9: Implemented and completed grant projects
Implemented and completed grant projects An international technological project with the participation of XTPL S.A. to develop a new technology for manufacturing microLED displays using selected additive techniques, including the Company’s UPD technology. In progress ▪ implementation period: 24 mont
Slide 10: Estimated revenues from the sale of products and services in Q1 2024
Estimated revenues from the sale of products and services in Q1 2024 ESTIMATED REVENUES for Q1 2024 – April 19, 2024: published preliminary estimated revenues from the sale of products and services ▪ PLN 2,758 thousand: estimated consolidated revenues from the sale of products and services in Q1 202
Slide 11: Technology and Business in 2023
02 Technology and Business in 2023 11
Slide 12: Business underpinned by proven needs of global advanced electronics players
Business underpinned by proven needs of global advanced electronics players Business scaling Transition from R&D to a company commercializing ▪ 9 industrial projects with the potential of approx. products and services globally PLN 400 million in average annual sales – partnerships with global printe
Slide 13: Global commercialization of the XTPL portfolio
Global commercialization of the XTPL portfolio XTPL successfully commercializes its products in An effective commercialization model 21 countries now and conducts technology evaluations at global players in the printed Own sales and global distribution of electronics sector. proprietary products Mod
Slide 14: Continued commercialization of solutions with the support from international partners
Continued commercialization of solutions with the support from international partners 11 DISTRIBUTORS OF XTPL SOLUTIONS USA EMEA ASIA CWI Technical SEMITRONICS VERTEX YI XIN Sales UK and Ireland India China and Hong Kong Trident Ontos Equipment MERCONICS Electronics 3H Corporation System Technologie
Slide 15: A well-crafted portfolio that meets the needs of global clients
A well-crafted portfolio that meets the needs of global clients XTPL is engaged in continuous R&D that increases the functionality and potential of individual business lines. Greater commercialization of any business line drives growth in other lines Modules for industrial Delta Printing System High
Slide 16: Pipeline of geographically diversified projects of industrial implementations
Pipeline of geographically diversified projects of industrial implementations, exceeding the target PLN 100 million Illustrative process of industrial implementation of the XTPL technology STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4* STAGE 5 Development of Initial contact and Technology Technology Proto
Slide 17: Achievements in the most advanced industrial projects at key stage 4
Achievements in 4 of the most advanced industrial projects at key stage 4. Illustrative diagram of stage 4. – work on a prototype of an industrial device, with each project being unique /a /b /c /d /e /f /g Working out the Production and Physical integration Initial machine start- Delivery, launch a
Slide 18: Accelerated DPS sales – commercialization in 2023
Accelerated DPS sales – commercialization in 2023 Selected users of the Delta Printing System: ▪ 26 Delta Printing System (DPS) devices sold in total* ▪ 13 devices ordered in 2023, including 4 in Q4 2023 ▪ 13 DPSs delivered to customers in 2023 ▪ New orders from 2 industrial customers (USA, Germany)
Slide 19: Significant milestones in HPM (nanoinks) – commercialization in 2023
Significant milestones in HPM (nanoinks) – commercialization in 2023 HPM (nanoinks) sales 2023 Q4 2023 3% 10% 17% 90% 80% EMEA USA Asia ▪ 35 orders in 2023 and 93 since the start of commercialization of nanoinks (HPM) from EMEA, USA and Asia ▪ 16 returning clients since the beginning of ink commerci
Slide 20: Further development of technology to keep the solutions unique – summary 2023
Further development of technology to keep the solutions unique – summary 2023 Key achievements and progress in research & development in 2023 ▪ Development of high-concentration inks (pastes/HPM) based on copper and gold particles ▪ Printing on high steps (up to 350 micrometers in height); ▪ Filling
Slide 21: Industry events significantly help in increasing the visibility of the XTPL brand
Industry events significantly help in increasing the visibility of the XTPL brand In 2023, XTPL actively participated in 18 international industry events in order to boost its visibility on the global electronics market, increasing the number of business talks and leads. ▪ Semicon Japan – Japan ▪ Pr
Slide 22: Further expansion of the patent cloud – 2023 summary
Further expansion of the patent cloud – 2023 summary Intellectual property is one of the key competitive advantages of XTPL. XTPL’s global solutions are being steadily secured by expansion of the patent cloud with protection obtained from the moment of patent submission Patent groups of submitted ap
Slide 23: Outlook and Summary
X19 03 Outlook and Summary
Slide 24: A precise plan for sales Strategy execution
A precise plan for sales Strategy execution PLN 100 million in revenues from the sale of products and services by the end of 2026 on the back of a plan underpinned by targeted sales activities in three business lines Estimated share of revenues from PLN 100 million in revenues from the sale of produ
Slide 25: Stronger foothold in the USA
Stronger foothold in the USA Another sale of a DPS device Experienced Managing Director Launch of the first Demo Center for North America ▪ Fourth sale of a DPS device in the United States ▪ Urs Berger hired early in 2024 ▪ Preparations for launching the first foreign to a new industrial client from
Slide 26: Strategy on track
Strategy on track The development Strategy is aimed at scaling XTPL up from a mature business with an R&D profile to a leading deep tech company specializing in ultra-precise nanoprinting technology that is being commercialized together with the world’s leading manufacturers of advanced electronics
Slide 27: Summary
Summary XTPL is a global player in the rapidly growing printed electronics market, with a disruptive technology, an interdisciplinary team of experts, the ambition to increase commercial sales 10 times by the end of 2026 and the outlook for continued growth. XTPL technology saves time, materials and
Slide 28: Q&A
X19 Q&A
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. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com Contact for investors: investors@xtpl.com Małgorzata Młynarska Mardoniusz Maćkowiak Investor Relations Manager, cc group Financial Communications Manager, cc group malgorzata.mlynarska@ccgroup.pl mardoniusz.mackowiak@ccgroup.pl +48,
Slide 31: Appendix 1: XTPL transformation geared towards a further growth in value
Appendix 1: XTPL transformation geared towards a further growth in value XTPL in 2022 XTPL in 2026 Business development and sales area Revenues from the sale of Revenues from the sale of PLN 10 million PLN 100 million products and services products and services Industrial implementations First full
Slide 32: Appendix 2: Applications of XTPL's Ultra-Precise Deposition (UPD)
Appendix 2: Applications of XTPL’s Ultra-Precise Deposition (UPD) Conductive nanostructures deposited with high-density ink enable the production and repair of advanced electronics UPD technology is characterized by: micro size, high viscosity, flexible shapes and diverse substrates To find out more