3D Systems Corporation · NYSE:DDD
3D Systems — Investor Presentation (April 2012)
33 slides from 3D Systems's investor presentation, Apr 27, 2012
Slide 1: Investor Presentation April 2012
Investor Presentation April 2012 2012年4月27日
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements, as defined by federal and state securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, perfor
Slide 3: 3D Content-To-Print Leader-Innovator-Shaper
3D Content-To-Print Leader-Innovator-Shaper NYSE:DDD 7 Print Engines ~$1.5 Billion ~100 Materials Market Cap : 2' ./24%!" #1&.>, 12.34! : 0#, ;!&#' !^3>%!` 3\ 3! ! ! 25 Locations ~1,150 Patents ! ) ) Worldwide ) ) ) ) ) ) ) Q% , 4( &% ( . )' D)? 4&% . ( &) ~900 M0, !;2' #1\ !, ;20, 2./34!431\ F3\ ,
Slide 4: Business Highlights
Business Highlights Leadership through technology and business innovation Diversified revenue Compelling razor & sources with expanding blades model margins Significant value High-growth potential creation potential for all stakeholders 4 4
Slide 5: Attractive Addressable Marketplace With High Growth
Attractive Addressable Marketplace With High Growth Industry Revenue USD in millions $6,000 $5,050 $5,000 $4,000 $4,000 $3,000 $3,000 $2,100 $2,000 $1,500 $1,000 $0 Source: 3D Systems 2012 2014 2016 2018 2020 Source: Wohlers Associates Our solutions replace, displace or augment traditional design-to
Slide 6: Improving Growth Indicators
Improving Growth Indicators > 75% of the $47B increase in R&D spend computing, 2010 global R&D spend was ~$1.15 trillion electronics, health & automotive Global R&D spend and concentration aligns with our vertical marketplaces Source: Booz and Company and 3D Systems 6 6
Slide 7: Significant Life Style And Quality Impacts
Significant Life Style And Quality Impacts 7 7
Slide 8: Automotive Design-To-Manufacturing
Automotive Design-To-Manufacturing Motorsport Wind-Tunnel to On-Car Automotive Bridge Manufacturing High-Value Short Runs 8 8
Slide 9: Aerospace Ideation-To-Production
Aerospace Ideation-To-Production 9 9 9
Slide 10: Advanced Oral, Hearing & Orthopedic Care Solutions
Advanced Oral, Hearing & Orthopedic Care Solutions 10 10
Slide 11: Inspiring Innovative Educational Tools
Inspiring Innovative Educational Tools 11 11 11
Slide 12: Compelling Value Proposition
Compelling Value Proposition Enables freedom of Compresses Cuts inventory cost creation lead-times Reduces tooling Provides Minimizes waste investment personalization Full-Color High-Definition Snap-Fit High-Speed 12 12 12
Slide 13: Growing Installed Base
and support to address global market needs. The Company has a dominant presence in the automotive industry with major clients such as Audi, Ford, Hyundai, Toyota and Volkswagen. In addition, other marquee Growing Installed Base customers include Alcoa, Benteler, Hitachi, Oakley, Panasonic, Rolls Roy
Slide 14: Expanding Technology Platform
Expanding Technology Platform ~1,130 Patents Issued & Pending CAD & 7 Print Plugins Engines Software ~100 Print Materials Proprietary Full Color Ecommerce High Definition 14 14
Slide 15: Extending Global Reach
Extending Global Reach United States - Rock Hill, SC - Atlanta, GA Europe Asia-Pacific - Benelux -Burlington, MA - Australia - England -Herndon, VA - China - France - Lawrenceburg, TN - Hong Kong - Germany - Richardson, TX - India - Italy - Seattle, WA - Japan - Switzerland - Syracuse, NY - Singapor
Slide 16: Full-Range Content-To-Print Tools and Services
Full-Range Content-To-Print Tools and Services Content Creation Content Downloads On Demand Parts Software Products Services Content Capture 16 16
Slide 17: Comprehensive Printer Portfolio
Comprehensive Printer Portfolio Personal 3DZPrinter PrintersPortfolio Professional 3D Printers Production 3D Printers ZPrinter Portfolio Premium Color, Monochrome, Most Monochrome, Multicolor, Easy toPremium Color, Monochrome, Most Most Affordable Monochrome, Multicolor, Easy to Highest Overview Aff
Slide 18: Extensive Materials Breadth
Extensive Materials Breadth High-Definition, Snap-Fit High- Impact, Light-Weight Durable, High-Temperature ~100 Materials Wax Nylon Plastic Rubber Metal Composite Medical Aerospace Casting 18 18
Slide 19: Cubify.com
Cubify.com Download & Customize Upload & Market Individualize Visualize & Vocalize Personalize Mobile Creation 19 19
Slide 20: Focused Growth Initiatives
Focused Growth Initiatives Expand on- Accelerate 3D demand custom printer parts global penetration services Build consumer Grow healthcare content solutions products and revenue services 20 20
Slide 21: Record First Quarter Revenue
Record First Quarter Revenue $ in millions First Quarter Printers & 2011 $ 13.5 Other Products 2012 83% $ 24.7 Print 2011 $ 15.6 Materials 2012 $ 24.7 58% 2011 $ 18.8 Services 2012 $ 28.5 52% 2011 $ 6.2 Healthcare 93% 2012 $ 12.0 63% total revenue growth 26% organic revenue growth 21 21
Slide 22: Solid Performance
Solid Performance Non-GAAP Q1 Comparison Units Performance 2012 Vs. 2011 % Drivers Change Revenue 63% 2010 2011 2012 $ in thousands Printer units 153% 90,000 80,000 Gross profit 67% 70,000 Revenue Net income 62% 60,000 50,000 Net income per 12% 40,000 employee Gross Profit 30,000 EPS 47% 20,000 Net
Slide 23: New Products Fuel Organic Growth & Earnings
New Products Fuel Organic Growth & Earnings Commercialized 2 new products during Q1 2012 Q1 `12 Gross Profit by Category $ in millions New Products Revenue $30.0 Printers $25.0 & Other Services Products $20.0 32% 25% $15.0 $10.0 $23.9 Print $15.6 Materials $5.0 $9.0 43% $0.0 2010 2011 2012 Q1 2012 R
Slide 24: Disruptive Transformative Impactful
Disruptive Transformative Impactful 24 24
Slide 25: Thank You
Thank You www.3dsystems.com NYSE: DDD 2012年4月27日
Slide 26: Supplemental Financial Information
Supplemental Financial Information www.3dsystems.com NYSE: DDD 2012年4月27日
Slide 27: First Quarter Operating Results
First Quarter Operating Results $ in millions, except earnings per share First Quarter – Non-GAAP % Change Drivers 2011 2012 Favorable/(Unfavorable) Revenue $ 47.9 $ 77.9 63% Gross Profit $ 23.2 $ 38.9 67% % of Revenue 49% 50% Operating Expenses $ 14.5 $ 21.9 (51%) % of Revenue 30% 28% Net Income $
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Quarter Ended March 31, (in thousands, except per share amounts) 2011 2012 GAAP Net Income $ 6,822 $ 6,188 Adjustments (tax effected): Stock-based compensation $ 387 $ 1,035 Amortization of intangibles (a) $ 841 $ 3,009 Acquisition and severance expense $ 99 $ 2,102 Non-cash
Slide 29: Revenue by Category and Geography
Revenue by Category and Geography $ in millions Category Geography $ 77.9 80 $ 77.9 80 14% 36% Asia-Pacific 60 60 27% $ 47.9 Services $ 47.9 14% 40 39% 40 Europe 32% Materials 38% 33% 59% 20 20 North Printers 32% 48% America 28% 0 0 2011 2012 2011 2012 Recurring revenue made up 68% of total revenue
Slide 30: First Quarter Gross Profit Margin
First Quarter Gross Profit Margin $ in millions First Quarter 2011 2012 Yr-Yr% Gross Profit Gross Profit Category $ Margin $ Margin $ Margin Printers & other products $ 5.5 41% $ 9.6 39% 74% (5%) Print materials $ 9.9 63% $ 16.8 68% 69% 7% Services $ 7.8 42% $ 12.5 44% 60% 5% Total $ 23.2 48% $ 38.9
Slide 31: Working Capital
Working Capital % Change 2011 2012 Favorable/(Unfavorable) ($ in millions) Cash $ 179.1 $ 60.0 (66%) Inventory $ 25.3 $ 34.9 (38%) Accounts Receivable $ 51.2 $ 61.1 19% Accounts Payable $ 25.9 $ 33.1 (28%) Working Capital $ 202.4 $ 89.0 (56%) • Cash on hand at March 31, 2012 included $15.8 million g
Slide 32: Affirming 2012 Guidance
Affirming 2012 Guidance We expect revenue for full year 2012 to be in the range of $330 million to $360 million We expect non-GAAP earnings per share for 2012 to be in the range of $1.00 to $1.25 32 32
Slide 33: Disruptive Transformative Impactful
Disruptive Transformative Impactful 33 33