Slide 1: XTPL S.A. Financial Results for 1H2021
XTPL S.A. FINANCIAL RESULTS FOR 1H2021 XTPL S.A. Filip Granek, CEO Autor: September 28,październik Data: 19 2021 2019 xtpl.com
Slide 2: XTPL at Glance
XTPL AT GLANCE XTPL is a global player, developer and provider of breakthrough and unprecedented technology for electronics manufacturers, enabling effective production of new generation devices Founded in 2015, based Targeted and effective Begun commercialization in Poland and USA strategy focused
Slide 3: Agenda
AGENDA 1. 2. EXECUTIVE COMMERCIALIZATION SUMMARY 3. 4. 5. TECHNOLOGY FINANCIAL RESULTS SUMMARY xtpl.com 3
Slide 4: Executive Summary: H1'2021 Summary
EXECUTIVE SUMMARY H1’2021 – summary • commencing commercialization of solutions - delivery of the printing device and sales of 7 nanoinks • completing 9 technology evaluations in terms of industrial implementations with global players of the printed electronics sector • breaking down further technol
Slide 5: Company Development Phase
COMPANY DEVELOPMENT PHASE NEXT STEP CURRENT PHASE • integration of XTPL INITIAL TECHNOLOGY Printing Module to • Research & Development industrial equipment DEVELOPMENT PHASE • rapid prototyping • continuous supply of ink • commercialization of the Delta and nozzles + cartridges • development of the
Slide 6: XTPL Products
XTPL PRODUCTS Microelectronics rapid prototyping possibilities to the feature sizes and applications previously unavailable to other printing techniques HIGH-RESOLUTION DELTA HIGHLY- „EPSILON” PRINTING CONCENTRATED PRINTING MODULE SYSTEM NANOINKS FOR INTEGRATION ▪ printing module for integration ▪ s
Slide 7: Global Range of Activity
GLOBAL RANGE OF ACTIVITY XTPL is based in Poland and in the USA (XTPL Incorporated). The Company is in talks with global players and is currently commercializing its products on the markets of North America, Europe and Asia. XTPL acquired business partners in South Korea, China and British Isles. XT
Slide 8: Mega Trends of the Electronics Markets
MEGA TRENDS OF THE ELECTRONICS MARKETS Miniaturization of the size and weight of electronic devices while increasing efficiency and speed of operation Changing the forms and properties of consumer electronics : • flexibility • new shapes, including three-dimensional forms Ecology: • saving materials
Slide 9: Platform Character
PLATFORM CHARACTER • USD 41.2bn - value of the global market of printed, flexible and organic electronics in 2020, up 11.0% YoY ADVANCED ELECTRONICS • USD 63.3bn - estimated value of this market in 2025, with USD 74.1bn estimated in 2030 • 9.0% - CAGR 2020–2025 DISPLAYS ADVANCED INTEGRATED CIRCUIT A
Slide 10: Commercialization Model – Channels
COMMERCIALIZATION MODEL – CHANNELS LICENSING • the company develops technological solution dedicated to a particular application field and license it to a partner • on its basis, the partner builds devices that allow the technology to be used in the industry • the company generates revenues from one
Slide 11: International Business Partners
INTERNATIONAL BUSINESS PARTNERS XTPL DISTRIBUTORS BANDI CONSORTIA YI XIN Semitronics (South Korea) (China and Hong Kong) (British Isles) XTPL has established cooperation with Bandi XTPL is expanding its presence in the Chinese XTPL intends to introduce its technology Consortia to support the commerc
Slide 12: XTPL Ultra-Precise Deposition (UPD) Module
XTPL ULTRA-PRECISE DEPOSITION (UPD) MODULE XTPL provides a breakthrough technology of nanoparticle deposition in the form of a head with a printing device and software. Dedicated for use on industrial production lines. It can be adapted to the needs of the customer. XTPL SOLUTION XTPL ULTRA-PRECISE
Slide 13: High-Resolution Epsilon Printing Module for Integration
HIGH-RESOLUTION „EPSILON” PRINTING MODULE FOR INTEGRATION Basic information: Goal: • innovative printing head with compatible • printing module for integration with nanoinks enables ultra-precise creation of industrial equipment conductive lines on the selected substrate • thanks to the integrabilit
Slide 14: Current Industrial Project Pipeline
CURRENT INDUSTRIAL CURRENT INDUSTRIAL PROJECT PIPELINE PROJECT PIPELINE (only projects in Stage 2 and above shown) (only projects in Stage 2 and above shown) STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 INDUSTRY AND PARTNER / Base-technology Initial contact and Technology Evaluation Technology In
Slide 15: Delta Printing System
DELTA PRINTING SYSTEM Goal: Key information: • XTPL technology demonstrator • an independent R&D system for rapid • building the credibility of XTPL in the industry prototyping using XTPL’s® UPD technology by key opinion leaders (an industry expert) • product developed in 2020 and raising awareness
Slide 16: Delta Printing System: Commercialisation and Pipeline
DELTA PRINTING SYSTEM: COMERCIALISATION AND PIPELINE* Until the first industrial implementation, the company decided to sell its products in the form of a printer and nanoinks in order to start generate cash flows from operating activities OFFER MADE DEMO PROJECTS AND SALES CONTRACT SIGNED** TO A PO
Slide 17: XTPL Nanoinks
XTPL NANOINKS Inks dedicated to different technology types: • they have dedicated physicochemical properties enabling full utilization of the UPD method’s potential • the inks are products that can be commercialized separately • developed ink formulations dedicated to the most comprehensive printing
Slide 18: Nanoinks: Commercialisation and Pipeline
NANOINKS: COMERCIALISATION AND PIPELINE* SAMPLE SENT TO SALES CONTRACT OFFER MADE TO A POTENTIAL CLIENT AND SIGNED** AND POTENTIAL CLIENT NEGOTIATIONS PRODUCT DELIVERED 17 5 7 Key milestones: • 7 independent orders from the EMEA region and USA • Business Development Team formed • commercialization p
Slide 19: What Our Clients Say About XTPL Nanoinks
WHAT OUR CLIENTS SAY ABOUT XTPL NANOINKS „We are really positively surprised by the high jetting stability and the non-clogging capabilities of your ink formulation, which made printing easy. The performances in terms of electrical conductivity are good as well and in line with what we expected.” “I
Slide 20: Technology and R&D – Summary of H1'2021
TECHNOLOGY AND R&D – SUMMARY OF H1’2021 In 2021, XTPL actively participated in the following international industry events • development of Ag ink formulations dedicated to various printing techniques, notably XTPL INKJET INK IJ36 technique • XTPL technology webinar - Poland • extension of the repla
Slide 21: The Uniqueness of the XTPL Ultra-Precise Deposition Technology
THE UNIQUENESS OF THE XTPL ULTRA-PRECISE DEPOSITION TECHNOLOGY The XTPL technology stands out from other methods in terms of both viscosity and structure sizes, which makes it unique on the market • ability to print high viscous materials along with small feature sizes • high aspect ratios just afte
Slide 22: XTPL Inkjet Ink IJ36
XTPL INKJET INK IJ36 ▪ superior printing stability - over 1 month of continuous work with repeatable results ▪ reduced clogging of the nozzles - even with the smallest 1 pL cartridges available for Dimatix DMP-2850 Printer ▪ high electrical conductivity - over 40% of bulk Ag conductivity ▪ compatibi
Slide 23: Extend the Lifetime of a Replaceable Nozzle to 60 Days
EXTEND THE LIFETIME OF A REPLACEABLE NOZZLE TO 60 DAYS SUPERIOR PRINTING STABILITY The users of XTPL Printing System benefit from a demonstrated best- in-class printing stability: sustained 8 hours of continuous printing, and up to 60 days of on and off printing with XTPL CL85 conductive silver nano
Slide 24: Printing Features Up to 1 µm Wide
DEVELOPMENT OF THE TECHNIQUE OF PRINTING FEATURES UP TO 1 µm WIDE Achievement of a very high degree of repeatability of 1 µm wide conductive lines printed on the electrical layer of high-resolution OLED displays. These substrates have very complex topography due to the high number of layered conduct
Slide 25: Microdots Printing
MICRODOTS PRINTING Quantum dots: QNA.dots Viscosity: ≈ 20 cP Quantum dots based INK (QD supplied by commercial partner), dispensed with XTPL® UPD printing technology and using XTPL® Delta printer. xtpl.com CONFIDENTIAL 25
Slide 26: Micro Via Filling – TSV RDL Application
MICRO VIA FILLING – TSV RDL APPLICATION XTPL approach of via filling EMPTY VIA FILLED VIA FILLED No special THROUGH SILICON VIA WITH INSULATING INK WITH CONDUCTIVE INK requirements for SiO2 preparation the via before filling Deposition the ink (conductive or insulating) directly INK to the via witho
Slide 27: 3D Interconnections
3D INTERCONNECTIONS Microchip 350 μm Printout of conductive connections on steep slopes of a step (e.g. microchip) 350 µm high Ag printed line width: 10 μm Ag printed line Microchip height: 350 μm xtpl.com 27
Slide 28: XTPL Cu Nanopaste Development – Printing Process
XTPL Cu NANOPASTE DEVELOPMENT – PRINTING PROCESS 15 μm 7 μm 50 μm 100 μm Development of a copper paste formulation dedicated mainly to 50 μm printing using XTPL® UPD method xtpl.com 28
Slide 29: XTPL Au Nanopaste Development – Printing Process
XTPL Au NANOPASTE DEVELOPMENT – PRINTING PROCESS Development of a gold ink formulation dedicated mainly to printing with the UPD method 20 µm 8 µm xtpl.com CONFIDENTIAL 29
Slide 30: Intellectual Property Protection – Summary
INTELLECTUAL PROPERTY PROTECTION – SUMMARY XTPL’s global solutions are being systematically secured by expansion of the patent INTELLECTUAL cloud. Intellectual property is a product and a competitive advantage, while PROPERTY development of the patent cloud has a major impact on the Company’s value
Slide 31: XTPL Shareholding Structure
XTPL SHAREHOLDING STRUCTURE * According to the information of 7 July 2021 communicated by the Shareholder under Article 69(1) and (4) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies. (Current Repo
Slide 32: Financial Results – Summary
Q12021 FINANCIAL RESULTS – SUMMARY 1H2021 1H2020 Revenue from sales 31 9 * figures in EUR thousand Grants (income + prepayments*) 379 196 Operating costs 895 1.024 Incentive program costs 253 434 EBIT -983 -1.225 EBIT adjusted by incentive costs -730 -791 CAPEX -337 12 CF -859 1 297 06.30.2021 12.31
Slide 33: Cash Flow
CASH FLOW * figures in EUR thousand xtpl.com 33
Slide 34: NCBR Grant
NCBR GRANT • April 9, XTPL S.A. received a recommendation from National Center for Reseach and Development (NCBR) for funding in the amount of PLN 7,7 milion for the project “Development of breakthrough printing technology of 3D micrometric conductive structures using an innovative printhead capable
Slide 35: COVID-19 – Impact on XTPL
COVID-19 – IMPACT ON XTPL MARKET IMPACT IMPACT ON INTERNAL ACTIVITIES • XTPL activities and target markets are not among the ones • the Company is well prepared internally for remote work. Technological which are heavily affected by COVID-19 activities are executed continuously in our labs under app
Slide 36: XTPL Value - Summary
XTPL VALUE - SUMMARY The value of XTPL results from the potential of the unique technology developed by the company, wide possibilities of its application in the existing and new application fields, and from its intellectual property systematically secured by patent applications. The potential of in
Slide 37: Why XTPL? – Summary
WHY XTPL? – SUMMARY XTPL is a global player in the rapidly growing printed electronics market, with a targeted development strategy, an interdisciplinary team of experts and support from stable shareholders. It offers global business partners the world’s most precise, platform printing technology, p
Slide 38: Thank You
CONTACT FOR INVESTORS: investors@xtpl.com XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com THANK YOU
Slide 39: Disclaimer
DISCLAIMER This presentation has been prepared by XTPL S.A. (“Company”) for the sole purpose of giving an introduction on the business of the Company. The presentation: • has selected information; it does not give a comprehensive description of business or financial analysis of the Company; • is not