3d Systems Corporation · NYSE:DDD
3d Systems — Q1 2018 Earnings Presentation
24 slides from 3d Systems's earnings presentation, May 2, 2018
Slide 1: 3D Systems First Quarter 2018
ZR 3D SYSTEMS First Quarter 2018
Slide 2: Welcome and Participants
Welcome and Participants Vyomesh Joshi + President & Chief Executive Officer » John McMullen Andy Johnson + Stacey Witten >. + Vice President, Investor Relations To participate via phone, please dial: 1-877-407-8291 Outside the US: 1-201-689-8345
Slide 3: Forward Looking Statements
Forward Looking Statements Reform Act of 1995, any such obligation.
Slide 4: Vyomesh Joshi, President & Chief Executive Officer
4d 3D SYSTEMS Vyomesh Joshi (VJ) President & Chief Executive Officer
Slide 5: Foundation for Long Term Growth
Foundation for Long Term Growth © i long- term growth and profitability We beli success, i ing ii ion, IT, ur ‘gy dri shift to 3D production
Slide 6: First Quarter Results Overview
First Quarter Results Overview In the first quarter of 2018: its, software, i d health solutions + GAAP GF 46.9% d GPM was 47.1% . i i ‘ing in i IT infrastructure, go-to-market, services and customer satisfaction + GAAP | d P I hare
Slide 7: John McMullen, Executive Vice President & Chief Financial Officer
4d 3D SYSTEMS John McMullen Executive Vice President & Chief Financial Officer
Slide 8: GAAP Operating Results
GAAP Operating Results First Quarter 217 YY Change Revenue $ 1659 $ 156.4 Gross Profit 779 80.2 @)%} Gross Proft Margin 169% 513% (451) bps| GRA 69.5 66.4 5% 6 259 229 13% Operating Expenses 95.4 89.3 1% % of Revenue 575% 71% JOperating Loss (175) @.1) (03)% 1% of Revenue (10.59% (68)% $ 1.0) s (10.
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures First Quarter 2018 2017 YIV Change Non-GAAP R&D Expense is 259 § 22.9 13% Non-GAAP SGBA Expense 53.6 49.5 8% Non-GAAP Operating Expenses is 795 $ 72.3 10% Non-GAAP Net income (loss) attributable to 3D [Systems Corporation is G4) $ 7A (148)% Non-GAAP Net income (loss) per
Slide 10: Revenue Drivers
Revenue Drivers Q1 2018 compared to Q1 2017: Ith ions i to $52.4 milli to $39.1 million to $23.0 milli to $25.7 million » 9»
Slide 11: Gross Profit and Margin
Gross Profit and Margin + GAAP GF 46.9% and GPM was 47.1% in Q1 2018 60.0% 1 sox $175.0 $170.0 ath si650 8 30.0% $1600 £ 20.0% $1550 G $150.0 1 $145.0 0.0% Q1 2017 02.2017 23 2017 24.2017 1 2018 ———= GAAPGPM === NonGAAP GPM Revenue
Slide 12: Operating Expenses
Operating Expenses GAAP i d 7% d increased 10% q of the prior year * Developed, and i a strategic, pany-wid i iency i i ities, leverage our the longer term 2 ¢ "3 3 3 3 $6 6 6 é ee ee. we ee
Slide 13: Vyomesh Joshi, President & Chief Executive Officer
4d 3D SYSTEMS Vyomesh Joshi (VJ) President & Chief Executive Officer
Slide 14: Execution and Innovation
Execution and Innovation production © SLS 6100; FabPro 1000; NextDent 5100; Figure 4 stand alone, Figure 4 modular and Figure 4 production; DMP 8300; DMP 8500 >
Slide 15: Q&A Session
4d 3D SYSTEMS Q&A Session In the USA: 1-877-407-8291 Outside the USA: 1-201-689-8345
Slide 16: Thank You
4d 3D SYSTEMS Thank You
Slide 17: Appendix
4d 3D SYSTEMS Appendix
Slide 18: Revenue Summary by Category
Revenue Summary by Category First Quarter 2018 sin 12018 42017 1 2017 “Ghange $s 39.1 $ 349 $ 31.4 12% ‘Software Products: 12.3 14.6 9. (16)% | Other Products: 11.2 12.2 13.0 (8)% Total Products 62.6 61.7 54.2 1% Total Materials 42.5 42.8 42.8 (ay |On Demand Manufacturing 25.7 26.5 25.1 (3)% ‘Softwa
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation First Quarter 2018 Non-GAAP Loss Per Share (Quarter Ended March 31, (in mitions, except per share amounts) 2017 s a 0) $ (10.0) Adjustment preston, stock-based amvanaetn & other’ 15.2 16.0 Legal and acquisition-relates 05 Cost optimization plan > 05 a Impairment of cost-metho
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation i} First Quarter 2018 Non-GAAP Gross Profit & Margin 80.2 51.3% |GAAP Gross Profit O41 02 $ stock-based compensation & other $ 414% mortizat Cost een plan Gross Profit
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation First Quarter 2018 Non-GAAP Operating Expenses (Gn mitions) [GAAP R&D Expenses $ IGAAP SG&A Expenses GAAP Operating Expenses Adjustments to R&D Expenses: Cost optimization plan * pl Oe Non-GAAP R&D Sones 259 22.9 Aas to SG&A Expen: mortization, stock stete csc & other 15.9 oe
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year 2017 Non-GAAP Gross Profit & Margin 2017 ‘Quarter Ended ‘Year Ended (Sin mitions) March 31 June 30 ‘September30___December31___ December 31 IGAAP Grose Profit 5 802 § e07 55 § 655 304.8 SAP Gross Profit Margin 51.3% 50.6% 383% 48.2% 47.2% paiement Amortization, stoc
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year 2017 Non-GAAP Operating Expenses Quarter Endi n mitions) March 31 June 30 September30___December31 ]GAAP R&D Expenses 22. 244 S 23.0 ]GAAP SG&A Expenses 66.4 63.4 66.5 68.2 GAAP Operating Expenses Ex 875 90.9 12 GAAP R&D Expenses 22.9 244 244 23.0 [Adjustments to SG
Slide 24: Thank You
4d 3D SYSTEMS Thank You