Xtpl Sa · GPW:XTP
Xtpl Sa — Q4 2017 Earnings Presentation
41 slides from Xtpl Sa's earnings presentation, Feb 14, 2018
Slide 1: XTPL S.A. – Investors' Presentation Q4 2017
shaping global nanofuture XTPL S.A. – INVESTORS’ PRESENTATION Q4 2017 Dr. Filip Granek, CEO Maciej Adamczyk, COO Date: 14 – 02 -2018 xt-pl.com
Slide 2: Overview
OVERVIEW xt-pl.com 2
Slide 3: Company Profile
COMPANY PROFILE 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 featur
Slide 4: Big Picture
BIG PICTURE 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: Team Strength – Technology
TEAM STRENGHT TECHNOLOGY Key to success is the interdisciplinary, well-balanced team. Technical section consists of highly skilled professionals with vast experience in: • chemistry • physics • electronics • mechanics • material science • numerical simulations 10 PhDs in the team xt-pl.com 5
Slide 6: Team Strength – Business Development, Marketing & Management
TEAM STRENGHT BUSINESS DEVELOPMENT, MARKETING & MANAGEMENT XTPL’s business section possess know-how & experience in: • product development • marketing & communication • implementing innovation • finance • B2B sales • capital market ... with proven successes, acquired on international markets xt-pl.c
Slide 7: Technology Overview - XTPL's Solution
TECHNOLOGY OVERVIEW - XTPL’S 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 in
Slide 8: Technology Overview – Nanoprinting
TECHNOLOGY OVERVIEW – NANOPRINTING submicron conductive line human hair XTPL Ag Line our technology will revolutionise sectors such as: printed ultra-precise printing of electrodes up to several hundred electronics, solar cells, touch screens, wearable electronics, times thinner than a human hair, i
Slide 9: Technology Overview - Advantages
TECHNOLOGY OVERVIEW - ADVANTAGES NO SPECIFIC ADAPTABLE CONDITIONS FOR DEFINED SINGLE STEP COMMON RCQUIRED APPLICATION APPROACH MATERIAL BASED Low-cost technology and + printing on any kind of substrate + high transparency & conductance 1 µm + wide range of lines’ thickness xt-pl.com 9
Slide 10: 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 Unique printing method the British law firm, Gill Jennings & Every LLP. The patent protection will be extended to around 30 countries. Pate
Slide 11: Application Segments for XTPL's Technology
APPLICATION SEGMENTS FOR XTPL’s TECHNOLOGY xt-pl.com 11
Slide 12: Application Segments for XTPL's Technology
APPLICATION SEGMENTS FOR XTPL’s TECHNOLOGY VERIFIED APPLICATION SEGMENTS APPLICATION SEGMENTS TO BE CONSIDERED OPEN DEFECT REPAIR - removing broken metallic links for: • Biosensors • Display matrix (TFT) • Lab-on-a-chip solutions • Silicon photovoltaic cells • Smart packaging solutions • PCBs • MCM
Slide 13: Open Defect Repair – Removing Local Defects in Metallic Links
OPEN DEFECT REPAIR – REMOVING LOCAL DEFECTS IN METALIC LINKS 20 μm 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 14: Open Defect Repair – Market Analysis
OPEN DEFECT REPAIR –MARKET ANALYSIS Market Size Target market Entry path 4,5 bn USD, 8% CAGR • TFT Producers (LG, Samsung, Chimei Innolux, AU Building partnership and strategic alliance with well- Source: own calculations based on Focused ion beam Optronics, BOE) established players/ Joint Developme
Slide 15: 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 16: 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 17: Transparent Conductive Films – Market Analysis
TRANSPARENT CONDUCTIVE FILMS – MARKET ANALYSIS Market Size Target market Entry path Size and perspectives: 6 bn USD, 6,6% CAGR Display manufacturers (70% of the TCF market) Building partnership and strategic alliance with Source: Transparent Conductive Films (TCF) 2016- well-established players / Jo
Slide 18: 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 19: 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 20: Business Model
BUSINESS MODEL xt-pl.com 20
Slide 21: 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 22: Target Business Model
TARGET BUSINESS MODEL INK XTPL / manufactured by a subcontractor PRINTER FINAL SOLUTION CLIENT XTPL / manufactured by an external partner PRINTING HEAD XTPL The printing head will be produced by XTPL to protect the know-how and for business purposes: it will allow to maintain direct communication wi
Slide 23: Target Distribution Channels
TARGET DISTRIBUTION CHANNELS Direct sales R&D center CLIENT Technology broker xt-pl.com 23
Slide 24: Financial Results
FINANCIAL RESULTS xt-pl.com 24
Slide 25: P&L
P&L The name of the position Q4 2016 YTD Q4 2017 YTD 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
Slide 26: Cash Flow
CASH FLOW Q4 2016 YTD Q4 2017 YTD 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. P
Slide 27: 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 28: 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 29: Highlights in Q4
HIGHLIGHTS IN Q4 xt-pl.com 29
Slide 30: Establishment of Business Development Department
ESTABLISHMENT OF BUSINESS DEVELOPMENT DEPARTMENT In Q4 2017 XTPL created department responsible for business development. Thus, the next issue target put forward by the company in relation to the public subscription of M series shares was implemented. The tasks of the department include commercializ
Slide 31: Signing Another Contract for Co-financing
SIGNING ANOTHER CONTRACT FOR CO-FINANCING On December 13, 2017, the company signed a subsidy contract for a project to develop demonstration prototypes of a laboratory printer under the Regional Operational Program for the Lower Silesian Voivodship 2014-2020. The goal of co-financed works will be th
Slide 32: Participation in Printed Electronics Fairs – IDTechEx Show
PARTICIPATION IN PRINTED ELECTRONICS FAIRS IDTECHEX SHOW On 15 and 16 November 2017, the Issuer took part in the Printed Electronics USA trade fair organized as part of the IDTechEx Show! in Santa Clara (California, United States). XTPL’s technology of printing ultra-precise conductive lines was ver
Slide 33: Presidential Economic Award at Congress 590
PRESIDENTIAL ECONOMIC AWARD AT CONGRESS 590 On November 16, 2017, during the 590 Congress in Rzeszów, President Andrzej Duda honored the XTPL with the Economic Award of the President of the Republic of Poland. The award is granted to companies that have a significant impact on the development of the
Slide 34: Future Goals
FUTURE GOALS xt-pl.com 34
Slide 35: 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 Demartment and other • ID TechEX market survey done, April 2017 marketing activities • Participation in IDTec
Slide 36: 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 37: 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 38: 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 39: 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 40: Summary – Most Important Assets
SUMMARY – MOST IMPORTANT ASSETS Great Global Strong Clear Market technology team strategy response 40
Slide 41: 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