Stratasys, Ltd. · NASDAQ:SSYS
Stratasys — Merger or Acquisition (June 2013)
20 slides from Stratasys's merger presentation, Jun 20, 2013
Slide 1: Stratasys & MakerBot Merger Investor Conference Call
Stratasys & MakerBot Merger Investor Conference Call June 20, 2013
Slide 2: Conference Call Details
Conference Call Details Shane Glenn VP, Investor Relations Stratasys
Slide 3: Conference Call and Webcast Details
NASDAQ : SSYS Conference Call and Webcast Details 3 CEO CEO, MakerBot CFO & COO (IL), Stratasys Bre Pettis Erez Simha Speakers Live Dial-in Information PRIMARY DIAL-IN: 800 706.7745 INTERNATIONAL DIAL-IN: 617 614.3472 PARTICIPANT PASSCODE: 14893429 PRIMARY DIAL-IN: 888 286.8010 INTERNATIONAL DIAL-IN
Slide 4: Forward Looking Statement
NASDAQ : SSYS Forward Looking Statement Statements made during this call about Stratasys’s beliefs, intentions and expectations, including statements regarding the expected timing and ultimate closing of the merger of Stratasys and MakerBot, as well as the benefits thereof, are forward-looking state
Slide 5: Opening Remarks
Opening Remarks Scott Crump Chairman & Chief Innovation Officer, Stratasys
Slide 6: Merging Two Global 3D Printing Industry Leaders
NASDAQ : SSYS Merging Two Global 3D Printing Industry Leaders Stratasys and MakerBot Driving Faster Adoption of Desktop 3D Printing for Multiple Applications and Industries
Slide 7: Merger Rationale
Merger Rationale David Reis CEO, Stratasys
Slide 8: Desktop 3D Printer Market Opportunity
NASDAQ : SSYS 8 Desktop 3D Printer Market Opportunity Units Sales Per Year - Total Industry Source: Stratasys Ltd. analysis 0 10000 20000 30000 40000 50000 60000 70000 80000 2008 2009 2010 2011 2012 2013F 35,000 to 40,000 units sold in 2012 Unit sales expected to double in 2013
Slide 9: MakerBot Overview
MakerBot Overview Bre Pettis CEO, MakerBot
Slide 10: MakerBot - At a Glance
10 MakerBot - At a Glance MakerBot Cumulative System Sales Expanding in CALA and APAC Founded: 2009 Headquarters: Brooklyn, NY Employees: 266 (as of end May 2013) Desktop 3D Printers: Materials: Extrusion of thermoplastic; formulated by the company; manufactured by 3rd party Manufacturing: Brooklyn,
Slide 11: MakerBot - Product Evolution
11 MakerBot - Product Evolution 2013 $1750 $2200 $2800 $1200 Product improvement and shift towards prosumer / professional users
Slide 12: MakerBot - Thingiverse Online Platform
12 MakerBot - Thingiverse Online Platform Platform for users to share and customize digital designs which can be printed on 3D printers to create physical objects. Files categorized: Art, Fashion, Gadget, Hobby, Household, learning, Models, Tools, Toys-and- Games, 3D Printing. The largest repository
Slide 13: MakerBot 3D Printing Ecosystem
NASDAQ : SSYS MakerBot 3D Printing Ecosystem 13
Slide 14: Merger Rationale
Merger Rationale David Reis CEO, Stratasys
Slide 15: Merger Rationale - Creating Value
15 Merger Rationale Creating - Value Cross product promotion opportunities Leverage Stratasys global infrastructure Leverage Stratasys expertise and intellectual property in FDM to improve Desktop 3D Printer portfolio Potential synergy areas to be jointly explored and defined with MakerBot
Slide 16: Merger Rationale - Market Opportunity
16 Merger Rationale - Market Opportunity Affordable Desktop 3D Printers Are Becoming Mainstream Rapid Adoption by Business Source: Internal MakerBot customer survey. Total sample size 680 What do you use your MakerBot printer for? MakerBot Cumulative System Sales Source: Company information 18,710 0
Slide 17: Merger Rationale
17 Merger Rationale Leverage Infrastructure & Scale Market Opportunity & Ideal Partner Synergies Leverage Expertise & IP
Slide 18: Transaction Highlights
Transaction Highlights Erez Simha CFO & COO (IL), Stratasys
Slide 19: Transaction Highlights
NASDAQ : SSYS Stratasys and MakerBot to combine in a stock-for-stock merger. Transaction value at time of announcement is $403 million with an earn out of $201 million. MakerBot to operate as separate subsidiary under leadership of existing management - transaction expected to close Q3 2013, followi
Slide 20: Merging Two Global 3D Printing Industry Leaders
NASDAQ : SSYS Merging Two Global 3D Printing Industry Leaders Stratasys and MakerBot Driving Faster Adoption of Desktop 3D Printing for Multiple Applications and Industries