Slide 1: Financial Results Q4 and FY 2024
Financial Results Q4 and FY 2024 XTPL S.A. (WSE:XTP) April 28, 2025
Slide 2: Agenda
Agenda 01 Executive Summary 02 About XTPL 03 Business Development 04 Financial Results and Outlook 2
Slide 3: Executive Summary
XT9L 01 Executive Summary
Slide 4: Executive Summary Q4 and FY 2024
Executive Summary Q4 and FY 2024 Summary of key achievements: selected key events up to the publication of the 2024 report Industrial implementations PLN 12.3 million ▪ Started the first-ever industrial implementation of XTPL technology on January 3, from the sale of products and services in FY 2024
Slide 5: About XTPL
XT9L 02 About XTPL
Slide 6: XTPL business growth driven by the UPD technology
XTPL business growth driven by the UPD technology UPD technology is the key driver of XTPL's competitive advantage and the growing strength of its brand on a global scale. It fuels growth across all business lines: Delta Printing System devices (technology demonstrators), UPD modules for industrial
Slide 7: UPD technology is changing the way electronics are produced
UPD technology is changing the way electronics are produced XTPL technology provides solutions unattainable with methods previously available in the market. It is unparalleled in terms of resolution, viscosity and the size of conductive structures, which can be as small as 1 μm (one millionth of a m
Slide 8: Wide application of the unique XTPL Technology
Wide application of the unique XTPL Technology Conductive nanostructures applied with high-density ink enable the production and repair of advanced electronics. Key features of UPD technology: micro-sizes, high viscosity, flexible shapes and varied substrates. See XTPL technology at work: https://ww
Slide 9: XTPL solutions address global trends
XTPL solutions address global trends Nanoprinting is a technology that responds to the new challenges faced by the production of advanced electronics. It enables cost-effective, scalable and rapid reduction of electronic dimensions, while ensuring high resolution. Global Megatrends in advanced elect
Slide 10: Patent cloud secures XTPL technology
Patent cloud secures XTPL technology Intellectual property is one of the key competitive advantages of XTPL and its global solutions are being systematically secured by expansion of the patent cloud with protection obtained from the moment of patent submission. Patent groups of submitted application
Slide 11: Business Development
XT9L 03 Business Development
Slide 12: Global commercialization of the XTPL portfolio
Global commercialization of the XTPL portfolio XTPL has successfully commercialized its products in over 20 countries and is conducting UPD technology evaluations with global printed electronics manufacturers for future industrial implementations. Own sales and global distribution of proprietary pro
Slide 13: The first foreign Demo Center
The first foreign Demo Center The center is located in a key market for modern technologies – Boston, USA. It is part of a new technology incubator, attracting innovators and technology corporations that seek new solutions. The Boston metropolitan area alone is home to over 40 higher education insti
Slide 14: The first-ever industrial implementation launched
The first-ever industrial implementation launched A milestone and a fundamental shift that reduces the risk of XTPL technology in the eyes of its partners. Demonstrating that UPD technology works not only in the laboratory but also under industrial conditions. XTPL's readiness to accelerate processe
Slide 15: Pipeline of projects exceeding the PLN 100 million target
Pipeline of projects exceeding the PLN 100 million target A geographically diverse pipeline of projects spanning various application areas, aimed at the industrial implementation of the UPD technology. If successfully validated and fully implemented, the nine projects that are currently at least at
Slide 16: Evaluation of key industrial projects worldwide
Evaluation of key industrial projects worldwide Four prototype industrial machines with a UPD module (printhead) are being tested globally, including a project in China – the first-ever industrial implementation of XTPL technology on production lines. The partners and end clients are leading global
Slide 17: A portfolio tailored to the needs of global clients
A portfolio tailored to the needs of global clients XTPL is continuously engaged in R&D, expanding the functionality and potential of its individual business lines while developing new product ranges to meet market demand. An increase in the commercialization of any business line drives growth in ot
Slide 18: Delta Printing System as a Technology Demonstrator
Delta Printing System as a Technology Demonstrator 38 DPS devices ordered* 2025 *Since the start of commercialization at the turn 2021 2020 2021 2022 2023 2024 YTD* 9 ordered in 2024 DPSs ordered 1 4 7 13 9 4 12 delivered in 2024 a more balanced and desirable distribution of DPSs delivered 1 3 3 13
Slide 19: Development of a new product: Delta Printing System+
Development of a new product: Delta Printing System+ A new business line consisting of DPS+ devices, aimed at bridging the gap between DPS systems and UPD modules. It is being developed in response to identified market demand and is currently in an advanced R&D phase. The commercialization of this n
Slide 20: High Performance Materials (HPM, nanoinks)
High Performance Materials (HPM, nanoinks) HPM are consumables in other business lines: DPS devices and UPD modules. The increase in sales and the growing number of devices currently in operation on the market leads to a rise in HPM orders. HPM (nanoinks) sales by region 2024 Q4 2024 23% 38% 24% 33%
Slide 21: Financial Results and Outlook
04 Financial Results and Outlook 21
Slide 22: Q4 2024 – highest quarterly performance in history
Q4 2024 – highest quarterly performance in history Figures in PLN thousand Revenues from the Commercial sales of commercial sales of products and services ▪ Record-breaking Q4 2024 with PLN 5.6 million in products and services share in total revenues commercial sales (+32% YoY), a 46% of revenues fr
Slide 23: Impact of Stage 1 investment process on 2024 results
Impact of Stage 1 investment process on 2024 results Figures in PLN thousand ▪ 12 DPS devices delivered in 2024, including 5 devices in Q4 2024 ▪ Significant increase in inventories to PLN 4.4 million (+2.6 Q4 2024 Q4 2023 FY 2024 FY 2023 million YoY) – securing components for the construction of Re
Slide 24: Outcomes of completing Stage 1 of the investment process
Outcomes of completing Stage 1 of the investment process In 2023-2024, XTPL successfully completed the first stage of its investment process, strengthening key areas such as sales, production, R&D and organizational development, while aligning internal processes with its strategic goals. XTPL is now
Slide 25: High level of cash at the end of 2024
High level of cash at the end of 2024 Figures in PLN thousand 1 430 4 525 12 274 1 342 2 848 6 033 24 947 32 544 27 275 27 686 01.01.2024 other flows sale of products depreciation grant working capital cost of goods investing flows operating costs 31.12.2024 sold 25
Slide 26: A detailed plan to achieve PLN 100 million in sales
A detailed plan to achieve PLN 100 million in sales XTPL's 2023-2026 strategy aims to achieve PLN 100m in commercial sales in 2026 (a 10x increase vs 2022). The ESOP provides for at least 20% profitability at the EBITDA. The realisation of the plan is based on the diversified involvement of all busi
Slide 27: Secured funds for the execution of the investment process
Secured funds for the execution of the investment process The investment process, amounting to approximately PLN 60 million for the years 2023-2026, lays the foundation for a 10x increase in commercial revenues to PLN 100 million in 2026. The funding for the implementation of Stage 1 was raised thro
Slide 28: XTPL development prospects within the Strategy timeframe
XTPL's development prospects within the Strategy timeframe 2023-2024 2025 2026 PLN 100 million In commercial sales A significant YoY growth in commercial PLN 12-13 million per year sales In commercial sales 12-13 DPSs sold per year A significant YoY growth in sales 20-30 DPSs sold DPS Initial R&D Co
Slide 29: XTPL transformation within the Strategy timeframe
XTPL transformation within the Strategy timeframe XTPL Mission: To be a leader in delivering breakthrough solutions in printed electronics, setting the standard for the global nanofuture. XTPL Vision: Ensure that global manufacturers can pursue cost-effective and scalable production of advanced, nex
Slide 30: Global leader in ultra-precise nanoprinting technology
Global leader in ultra-precise nanoprinting technology XTPL is a global player in the rapidly growing printed electronics market, leveraging disruptive technology and an interdisciplinary team of experts, with the ambition to increase commercial sales tenfold by the end of 2026 and a strong outlook
Slide 31: 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 32: Thank you
Thank you XTPL S.A. Legnicka 48E 54-202 Wrocław, Poland xtpl.com Contact for investors: investors@xtpl.com Mardoniusz Maćkowiak mardoniusz.mackowiak@ccgroup.pl +48 605 959 539