Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Investor Presentation (October 2020)
62 slides from Nano Dimension's investor presentation, Oct 23, 2020
Slide 1: Electrifying Additive Manufacturing
DIMENSION Electrifying Additive Manufacturing
Slide 2: Forward Looking Statements
PRINTED ELECTRONICS (PE) / ADDITIVELY MANUFACTURED ELECTRONICS (AME) Forward Looking Statements This presentation of Nano Dimension Ltd. (the “Company”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “
Slide 3: Table of Contents
TABLE OF CONTENTS °o ¢ Executive Summary ¢ Business Model ¢ Technology * Market DIMENSION * Business in times of Corona Electrifying Additive Manufacturing® ¢ Strategy & Tactics ¢ Appendix Nasdaq: NNDM | www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 3
Slide 4: Nano Dimension
NANO DIMENSION °o oO ¢ Additive Manufacturing Electronics (AME) Industry Leader ¢ Patent Protected and Proven Technology ¢ First-to-Market Advantage ¢ The only technology that converts digitally electronics circuits and functional device * Approx. 60 Systems sold Worldwide ¢ Increasing Recurring Rev
Slide 5: Vision: Bridging the Gap
VISION: BRIDGING THE GAP °o oO DragonFly LDM & Ink Materials AME TECHNOLOGY Design > Proof of Concepts > Prototype & Early Fabrication of HiPEDs™(High Performance Electronic Devices) TRADITIONAL r ) TRADITIONAL PRINTED INTEGRATED CIRCUITS . CIRCUIT BOARDS (Pcs) (IC, Chips, CPU, ASICs) RAATRESE “pec
Slide 6: Our Mission
OUR MISSION ° oO Our DragonFly™ AME Machines (controlled by Al algorithms) produce electronic devices by simultaneous 3D-injection of dielectric and conductive materials to fabricate, within hours: High Performance Electronic Devices: HiPEDs™ Sensors, Antennas, Capacitators, Convertors for unique ge
Slide 7: Nano Dimension: Approx. Systems Globally
NANO DIMENSION: APPROX. 60 SYSTEMS GLOBALLY °o Nano Dimension Customers: ¢ 3 Multi-Billion US$ mic . Nan - he Bes) defense manufacturers S SAFRAN Se HENSOLD}) + * 2 European defense " companies and multiple secret services ¢ 1 Multi-Billion US$ valued | technology conglomerate eS * Multiple leading
Slide 8: Fail Safe "Biotech-Like" Investment Model
FAIL SAFE “BIOTECH-LIKE” INVESTMENT MODEL °o Upside like BioTech, but, contrary to BioTech Downside in case of failure at any stage is protected as a sale of the existing business at improving multiples (as per stages I-V below, is a valid and doable financial exit through a sale to strategic buyers
Slide 9: DragonFly LDM
DRAGONFLY LDM: °o ALL OF THIS ... «REPLACED WITH THIS! Nasdaq: NNDM | www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 9
Slide 10: Nano Dimension's 3D Fabrication Services: NaNoS
NANO DIMENSION’S 3D FABRICATION SERVICES: NaNoS Nano Services (NaNoS) is an offering for customers who need to get their hands-on complex, multilayered high- performance electronics with a quick turnaround time. Provide services to customers around the globe with its fabrication labs in the US, Isra
Slide 11: How Does It Work?
HOW DOES IT WORK ? °o oO « ee ooo a. > * 4 600° = TWO PRINTHEADS INKJET BOTH THE OBJECT IS BUILT UP, LAYER BY MATERIALS SIMULTANEOUSLY: LAYER, THROUGH FULL STACK THICKNESS: o Both conductor & insulator substrate are printed © Conductive layers & Dielectric layers o Drills and vias bottom up printed
Slide 12: Certifications
CERTIFICATIONS °o In-house DragonFly system manufacturing FCC, CE, UL, CSA, EAC Sei, NANODIMENSION In-house nano ink manufacturing capacity to meet future demand Nasdaq: NNDM | ww nano-di.com | © ce FC @ EA Top quality certified 1S014001 and OHSAS18001 ISO 45001 and RoHS 0 Nano Dimension. alll right
Slide 13: Why Additive Manufacturing for Electronics?
WHY ADDITIVE MANUFACTURING FOR ELECTRONICS? °o RAPID PROTOTYPING Benefits: Shorten your Time-to- Market, reduce cost and increase innovation with agile prototyping and fast feedback cycles o Reduce development time o Reduce prototyping and R&D cost Inhouse, print designs over night o Full confidenti
Slide 14: Our Customers Are Innovators in Leading Markets
OUR CUSTOMERS ARE INNOVATORS IN LEADING MARKETS ° oO TOMOTIVE,& RESEARCH AEROSPACE DEFENSE MEDICAL USTRIAL The DragonFly LDM AME Technology Keep your IP in your lab Reduce time to market AME optimizes System enables you to enables you to reduce with the DragonFly LDM and optimize design for electrom
Slide 15: Nano Dimension: Case Studies
NANO DIMENSION: CASE STUDIES °o I. Research Institutes: CBN-IIT Il. Aerospace: HARRIS lll. Defense: HENSOLDT IV. Medical: PIEZOSKIN V. Automotive: REHAU Nasdaq: NNDM | www.nano-di.com | © 2020 Nano Dimension. All rights reserved
Slide 16: Customer Case I
ISTITUTO ITALIANO DI CUSTOMER CASE |: TECNOLOGIA °o oO The suitability of the DragonFly system to rapidly and affordably manufacture functional prototypes, combined with the broad ecosystem of applications for health and energy harvesting, makes it an ideal choice for our team to achieve higher perf
Slide 17: Customer Case II
CUSTOMER CASE II: °o The ability to manu- facture RF systems in- house offers an exciting new means for rapid and affordable prototyping and volume manufacturing. The results of the study provide substantial motivation to develop this technology further. el Dr. Arthur Paolella, Senior Scientist, Spa
Slide 18: Customer Case III
CUSTOMER CASE III: HENSOLDJ. ° HENSOLDT succeeded in assembling the worlds first 3D printed 10-layer printed circuit board (PCB) which carries high-performance electronic structures soldered to both outer sides. This allows rapid prototyping inhouse of complex PCB. DIMENSION Military sensor solution
Slide 19: Customer Case IV
CUSTOMER CASE IV: ° DIMENSION Nano Dimension’s AME technology helped us to achieve an original product prototype, in which wires and connectors were eliminated and the package was minimized, to obtain an optimal user experience. It simplified the manufacturing process, as compared to traditional man
Slide 20: Customer Case V
CUSTOMER CASE V: °o With the DragonFly LDM we will drive forward REHAU's “Electronics into Polymers” strategy to speed up in-house electronics development and find new installation spaces and functions for our products. Dr. Philipp Luchscheider, REHAU Engineer behind the 3D touch sensor design DIMEN
Slide 21: New Manufacturing Possibilities with the DragonFly LDM
NEW MANUFACTURING POSSIBILITIES WITH THE DRAGONFLY LDM °o High Performance Electronic Devices: HiPEDs PRINTED CAPACITORS o High Accuracy Capacitors Integrated in the board o 50 layers RF AMPLIFIER FOR SPACEe—— o Light weight o Integrated design o <1db gain difference RAPID PROTOTYPING INNOVATIVE MEM
Slide 22: Produce Complex PCB and HiPEDs
PRODUCE COMPLEX PCB AND HIPEDS °o oO HiPEDs = — | 3. > Fast prototyping, HIGH hours vs weeks AME with Side - PERFORMANCE AME Circuit ae OT Access Mounted Vertically Stacked ELECTRONIC Capacitors Point Components Integrated Circuits > Tens of layers DEVICES in a 3mm board rs > Printed embedded = a co
Slide 23: Additive Manufacturing of 3D Electronics
ADDITIVE MANUFACTURING OF 3D ELECTRONICS °o AME HiPED = cy - > DIMENSION Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved,
Slide 24: Nano Dimension: Financial Data
NANO DIMENSION: FINANCIAL DATA °o NASDAQ Shares Outstanding: NNDM ~*54.5M ADS ratio: 1:1 *As of October 20 , 2020 8000000 6000000 $80M invested mostly in R&D, over 5 years As of September 30th, 2020: 4000000 2000000 Cash: $45.7M* *Including short and long-term bank deposits, not including $16.9M rec
Slide 25: Business Model: Recurring Revenue Model That Scales
BUSINESS MODEL: RECURRING REVENUE MODEL THAT SCALES °o Razor-Razorblade Model: As the installed base of systems CONSUMABLE REVENUE grows, the recurring revenues GROWTH from consumables increases. Positive trend of increased ink consumption by customers is a validation to our recurring- revenue busin
Slide 26: Nano Dimension's 3D Fabrication Services: NaNoS
NANO DIMENSION’S 3D FABRICATION SERVICES: NaNoS Nano Services (NaNoS) is an offering for customers who A a How it works need to get their hands-on complex, multilayered high- co performance electronics with 00 > > a quick turnaround time. On”? . 4 F Chat With an expert Send your CAD or Your parts ar
Slide 27: Nano Dimension Evolution
NANO DIMENSION EVOLUTION ° ¢ 24/7 Print in a Compact System ¢ Integrated Al Software DragonFly™ Pro 4 DragonFly Industrial Early First Prototype Product 2013-17 2018-2019 S2Sw_— NA BIE, ANODIMENSION DragonFly™ LDM “The Secret Sauce” Competitive Edge & Barriers to Entry Functional Unique Electronics
Slide 28: Why Additive Manufacturing for Electronics
WHY ADDITIVE MANUFACTURING FOR ELECTRONICS ° ACCELERATE U PROTECT time to market IP INCREASE IMPROVE design possibilities efficiency Nasdaq: NNDM | www.nano-di.com | © 2020 Nano Dimension. ll rights reserved.
Slide 29: AME 3D Printed Electronics Market
AME 3D PRINTED ELECTRONICS MARKET °o IDTechEX (2019) * The total market for 3D printed electronics will be worth $2.3bn by 2029 and will be dominated by the professional PCB prototyping market segment. The educational and industrial production market segments will continue to grow steadily. * The ma
Slide 30: Nano Dimension: Revenue Drivers
NANO DIMENSION: REVENUE DRIVERS °o Emerging Technologies Communication 5G/RF Heterogeneous Integrations Aerospace (i.e. micro-satelites) Defense Medical (i.e. in-vivo devices) Automotive Revolution (electrical, autonomous) HiPEDs Necessitate * Fast time-to-market ¢ IP safety > in-house rapid prototy
Slide 31: Nano Dimension — New Corporate and US Management
N °o ANO DIMENSION — NEW CORPORATE AND US MANAGEMENT RY Seis N aN Yoav Stern — President & CEO (Joined 01/2020) — Investor and Chairman Cyber, Fintech and Mobile/Visual Tech (USA). President & CEO DVTEL Inc. (Sold to FLIR Systems) (NJ, London, Tel Aviv, New Delhi, Adelaide, Singapore, Hong Kong, Tai
Slide 32: Nano Dimension — New Corporate and US Management
NANO DIMENSION — NEW CORPORATE AND US MANAGEMENT °o Reis N ESE Dr. Jaim Nulman — EVP Products & CTO (Joined 2018) — VP of Applied Materials, where he commercialized the Endura PVD system, the most successful semiconductor manufacturing product reaching market share from 0 to over 60% and a $1B in re
Slide 33: There Is an Elephant in the Room
THERE IS AN ELEPHANT IN THE ROOM °o CORONA IS AFFECTING BUSINESSES IN 2020 WORKING ASSUMPTION: AT LEAST UNTIL Q3/2021 All present customers were out-of-office until July 2020. Some until now. (Mostly USA) * Chinese companies returned on 5/2020 but still delaying all purchases of Capital Equipment. +
Slide 34: Present Investment Thesis Is New
PRESENT INVESTMENT THESIS IS NEW °o PLAN FOR 2021: RIDING THE ELEPHANT Rees NA a exe VANOUIMENSION Started a Prototyping/Fabrication Services Business: NaNoS (Nano Services) Expand NaNoS as revenue generator, but mainly as a route for DragonFly purchases once CapEx are released post Corona M&A searc
Slide 35: Present Investment Thesis Is New
PRESENT INVESTMENT THESIS IS NEW °o PLAN FOR 2021-22: RIDING THE ELEPHANT “Fail-safe-BioTech Investment Model” — Stages I>>II>>1II>>IV>>V For all HiPED printed by DragonFly 3D Electronic 3D-Printing Machines: Stage! DragonFly P|K — (Performance Improvement Kit) Stage || DragonFly MARK (Manufacturing
Slide 36: Product & Roadmap
PRODUCT & ROADMAP °o DRAGONFLY ay | o 24/7 production system eke | o Compatible with Gerber and STL files (Lights-Out Digital = . . Manufacturing) o Real multi-layer additive manufacturing & 4 system for electronics DragonFly to support Military Standards for Low Volume Production in the future MATE
Slide 37: Traditional PCBs: Prototyping
TRADITIONAL PCBs: PROTOTYPING Prototypes are often ~~ created by sending digital designs (typically from the US or Europe to ° China) and waiting 7 to 21 days to receive a PCB back. This is slow, costly and puts core intellectual property at risk. a NANODIMENSION : ——— Rai etiyingAdative Mantotur ne
Slide 38: Post Corona World
POST CORONA WORLD : °o “Even as China comes back online, we are beginning to wonder if Covid-19 will impact other supply-oriented geographies... ...While China is improving, the supply chain for the electronics industry may yet see substantial disruptions.... ...Mass assembly is only one part of App
Slide 39: Post Corona World: Moving Supply Chain 'In House'
POST CORONA WORLD: MOVING SUPPLY CHAIN ‘IN HOUSE’ °o oO + "The global supply chain right now is disrupted; we are seeing disruptions across the board... the high-tech industry is heavily reliant on China and parts of Asia." (Bloomberg)? + “heat from the Trump administration’s 25% tariffs on many mac
Slide 40: Post Corona World: Moving Supply Chain 'In House'
POST CORONA WORLD: MOVING SUPPLY CHAIN ‘IN HOUSE’ °o oO OCTOBER 12th, 2020: The American Dream: Bringing Factories Back to the U.S.(1) A report from the McKinsey Global Institute found “180 products across value chains for which one country accounts for 70% or more of exports, creating the potential
Slide 41: Nano Dimension: Leading the AME Revolution
NANO DIMENSION: LEADING THE AME REVOLUTION °o Additive Manufacturing (Metal & Polymers) $12,000 $10,000 ‘$8,000 24% CAGR a | 93 95 97 99 01 03 05 O7 09 11 13 15 17 19 ‘Source: Wohlers Report 2020 4 8 ig 3 Market Growth — Additive Manufacturing This chart provides revenues (in millions of dollars) fo
Slide 42: Key Highlights
KEY HIGHLIGHTS: New Investment Thesis: Accelerate Product development through L.II,IlI,IV,V stages. Growth company with significant technology and first mover advantage. Expected to reach inflection point upon conversion from prototyping to short production runs. Blue-chip customer base worldwide. N
Slide 43: Appendix
NANODIMENSION Electrifying Additive Manufacturing* Appendix Additive Manufacturing for.Electronics
Slide 44: Traditional PCBs: History
TRADITIONAL PCBs: HISTORY °o oO Pre-PCB electronic circuit with rat's nest wiring. Before the 1950s, electronic circuits were assembled using individual wires to connect each of the components (Pic 1). The components were then mounted on what were known as tag strips and sockets. The first circuit b
Slide 45: Traditional PCBs: Mounting Components
TRADITIONAL PCBs: MOUNTING COMPONENTS Through-Hole Electronics Surface Mount Electronics The vast majority of electronic circuits are now made using Printed Circuit Boards (PCBs). These are copper-clad fiberglass or epoxy boards that have the copper selectively etched away to leave conductive traces
Slide 46: Traditional PCBs: Geography
TRADITIONAL PCBs: GEOGRAPHY °o oO 1% Around 90% of all PCBs are 2% manufactured in the APAC region. China are the largest producer with around 43% market share followed by Japan and South Korea with 15% and 13%, respectively. @ Singapore lm Philippines Intellectual Property (IP) is cited = VWieman a
Slide 47: Nano Dimension: PCB vs AME
NANO DIMENSION: PCB VS AME °o oO ‘COpper track vesesitapadele * Single-sided PCBs are very limiting in terms of connection topology. With single-sided PCBs, most circuits require the ability to join two conductive tracks using a wire. ¢ Double-sided PCBs alleviate this problem by allowing connection
Slide 48: Traditional PCBs: Layers
TRADITIONAL PCBs: LAYERS °o oO World PCB production by type frequency digital circuits, employ a ground plane. This is a large area of copper foil that 2% provides a low resistance connection to a reliable ground voltage and some protection ™ Single sided ™ 2-6 layers ™ 8.16 layers ™ 18+ layers ™ Mi
Slide 49: Traditional PCBs: Layers
TRADITIONAL PCBs: LAYERS °o oO Traditional PCBs are a mature technology, and their limitations are well understood. High-end multilayer PCB manufacture is tricky and expensive, and prototypes are usually made externally and often off-shore. Traditional PCBs are both rigid and flat. This imposes cons
Slide 50: Traditional PCBs: Mechanics
TRADITIONAL PCBs: MECHANICS Rigid PCBs can be connected together using flexible interconnects to offer a_ bit more design freedom but the physical limitations are obvious, particularly in the light of massive emerging markets like wearable technologies. ReitsZ NA Boxe NNODIMENSION The physical stren
Slide 51: Traditional PCBs: Heat
TRADITIONAL PCBs: HEAT °o oO Components such as power semiconductors can generate a lot of heat thatmust be dissipated in order to keep the device running within temperature tolerances. Temperature is responsible for 55% of all electronic circuit failures. Specifically, the failure rate of an electr
Slide 52: Traditional PCBs: SWOT Analysis
TRADITIONAL PCBs: °o SWOT ANALYSIS Established technology: ~$60bn industry. Physically strong. High electrical conductivity (o =5.96*107S/m) from solid copper traces typically 36m deep facilitates analog and high-frequency digital circuits. Can withstand temperature extremes, humidity, mechanical sh
Slide 53: Nano Dimension and Proprietary
DIMENSION Electrifying Additive Manufacturing Nano Dimension® Confidential and Proprietary
Slide 54: Nano Dimension: 3D-Printed HiPEDs
NANO DIMENSION: 3D-PRINTED HIPEDS °o Example of HiPEDs : * LOW PASS FILTER (LPF) ¢ VERTICALLY STACKED INTEGRATED CIRCUITS (ICS) ¢ RF ANTENNAS & AMPLIFIERS UP TO 6GHZ ¢ FUNCTIONAL CAPACITORS BY ADDITIVE MANUFACTURING ¢ IN PCB PLANAR DC-DC UP CONVERTER TRANSFORMER ¢ BUILT IN POWER TRANSFORMERS 7 \\ANO
Slide 55: Vertically Stacked Integrated Circuits (ICs)
VERTICALLY STACKED INTEGRATED EXAMPLE OF HiPEDS : CIRCUITS (ICS) 5 °o Stacked ICs have a higher circuitry density than traditional PCBs by allowing ICs to be mounted and interconnected on top of each other. Rees NA a exe VANOUIMENSION ¢ tui i) tt Hy S = nano-di.com | © 2020 Nano Dimension. All right
Slide 56: Example of HiPEDs: Low Pass Filter (LPF)
EXAMPLE OF HiPEDS: LOW PASS FILTER (LPF) °o X-ray of LPF capacitors and transmission strip lines LPF uses AME capacitors fabricated simultaneously inside the AME board together with strip lines. Wy iN $21- AME transmission and capacitors vs AME transmission with SMT commercial capacitors The AME cap
Slide 57: Example of HiPEDs: RF Antennas & Amplifiers up to 6GHz
EXAMPLE OF HiPEDS : RF ANTENNAS & AMPLIFIERS UP TO 6GHZ °o NANO DIMENSION CAN DO IT Our capability to print UHF & SHF RF signal transmission line and antennas. RF antennas & amplifier applications with up to 6GHz frequency. Transmitter to | Regular to Regular to Printed to | Printed to receiver Regu
Slide 58: Example of HiPEDs: Functional Capacitors by Additive Manufacturing
EXAMPLE OF HiPEDS: FUNCTIONAL CAPACITORS BY ADDITIVE MANUFACTURING °o ¢ Produced simultaneously during the additive manufacturing of PCBs ¢ Reduce the total size of the PCB ¢ Freeing surface area for mounting other PCB components Design Actual A apis ny SRE QOIMENSION Nasdaq: NNDM | www.nano-di.com
Slide 59: Example of HiPEDs: In PCB Planar DC-DC Up Converter Transformer
EXAMPLE OF HiPEDS: IN PCB PLANAR DC-DC UP CONVERTER TRANSFORMER °o oO ¢« The most common DC-DC Up Converters are units mounted on a PCB ¢ By producing the device as an integrated part of the PCB, surface area usage, assembly time, and other overhead costs are reduced. Rees NA a exe VANOUIMENSION Nas
Slide 60: Example of HiPEDs: Side Mount/Contact and Inserted Components
EXAMPLE OF HiPEDS: SIDE MOUNT/CONTACT AND INSERTED COMPONENTS °o oO ¢ Enables the use of an area not common for PCB components ¢ Enables the creation of customized small PCBs that can be inserted into a socket a) b) Figure 1 X-ray view of a) inserted, and b) side mounted components soldered to verti
Slide 61: Example of HiPEDs: Built in Power Transformers
EXAMPLE OF HiPEDS: BUILT IN POWER TRANSFORMERS °o In Board Power DC—DC Up Voltage Converter AC-AC Transformer with ferrite core Nasdaq: NNDM | w AC-AC Up Converter (x10)
Slide 62: Follow us:
Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nano Dimension® Copyright ion, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Din tober 2020 DragonFly”
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