Titomic Ltd · ASX:TTT
Titomic — H1 FY2023 Earnings Presentation
28 slides from Titomic's earnings presentation, Feb 28, 2023
Slide 1: 1H FY23 Results Presentation
Manufacturing innovation made reality 1H FY23 Results Presentation 28 February 2023 Herbert Koeck CEO Jon Nield CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Titomic Limited ACN 602 793 644 (“Titomic” or the under any circumstances create an implication that there has been no change in the affairs “Company”) to provide summary information about Titomic and their activities as at the of Titomic since the d
Slide 3: Agenda
Agenda 1. H1 FY23 Highlights 2. Titomic at a Glance 3. H1 FY23 Financial Results 4. Operational Update 5. Outlook 3
Slide 4: H1 FY23 Highlights
H1 FY23 Highlights • $0.5m increase in total revenues to $2.8m (up 21%) 1. Revenue uplift • $0.8m increased revenues from customer contracts to $1.5m (up 124%) • Raised $5.1 million from new and existing investors including a $2.3 million 2. Capital Raise strategic investment from Repkon • Joint ven
Slide 5: Sales Pipeline
Sales Pipeline Significant sales opportunity pipeline at 14x FY22 revenue Unweighted Sales Pipeline Expected sales revenues from orders received or to be expected Now to end of Now to end of FY23 FY24 Repkon Joint Venture $7.6m Neos Joint Venture $2.4m Glass Mould Coating Solution $1.1m D523/D623 Re
Slide 6: Titomic at a Glance
Titomic at a Glance
Slide 7: Titomic is the only "Cold Spray Additive" public company
Titomic is the only “Cold Spray Additive” public company Titomic offers one of the fastest, most scalable, cost competitive and energy efficient additive manufacturing and coating technologies in the world. Large and expanding • Additive market estimated to grow 11x up to $146B in the next decade 1.
Slide 8: Our cold spray process
Our cold spray process Robotic High-Pressure System for AM Our story • Founded in 2014 to commercialise cold gas spraying metal particles to produce 3D structures • Now the only globally active, publicly listed cold spray solutions company • Our cutting-edge technology and systems are changing Low t
Slide 9: Existing diverse and customisable machine portfolio
Existing diverse and customisable machine portfolio TKF 9000 TKF 1000 ISB Series D523 & D623 • High pressure Cold Spray additive • High pressure Cold Spray additive • Low pressure Cold Spray coating • Low and Medium pressure Cold Spray manufacturing and coating manufacturing and coating coating • De
Slide 10: Additive manufacturing to grow over 11x in the next decade
Additive manufacturing to grow over 11x in the next decade Evolution of the AM Market Additive 1.0 • Key players now off-patent, leaving them with minimal differentiation and Additive Manufacturing Market Size1 commoditized technology (USD Billions) • Significant loss in market share to open 118 sou
Slide 11: Our rapidly growing trusted global customer base
Our rapidly growing trusted global customer base 11
Slide 12: 1H FY23 Financials
1H FY23 Financials
Slide 13: Profit & Loss
Profit & Loss • Stronger financial result with revenue up 21% to $2.8m inclusive of 1H23 1H22 Earnings Summary $’000 $’000 • Revenue from customers $1.5m, a $0.8m (more than double) increase on pcp Revenue 2,787 2,310 • Government grants and other adjustments Less Expenses (10,028) (9,821) of $1.3m
Slide 14: Cash flow and balance sheet
Cash flow and balance sheet 1H23 FY22 FY21 Statement of Cash Flows $‘000 $‘000 $‘000 • FY23 Cash receipts of $1.7m include $1.6m Customer & Grant Receipts 1,678 5,929 1.908 receipts from customers and $0.1m grant Operating cash flows (6,855) (10,161) (9,037) income. Investing cash flows (326) (1,962
Slide 15: 1H FY23 Operational Update
1H FY23 Operational Update
Slide 16: Five distinct fast growing revenue streams
Five distinct fast growing revenue streams 4. Application 1. Machine Sales 2. Joint Ventures 3. Workflow Solutions 5. Resellers Development Broad range of machine Territory Coverage • Building industry • Automated solutions to solutions • Development, • India capability for maximise uptime • TKF 100
Slide 17: Outlook
Outlook
Slide 18: Taking our technology to the world – Global footprint
Taking our technology to the world – Global footprint Global production, supply and service network to meet our customer’s needs. Titomic Repkon Barrel JV Neos Titomic Tooling JV Titomic Europe Titomic USA Titomic Sales Reseller Titomic Sales Office Titomic Sales Reseller Titomic Sales Reseller Tito
Slide 19: Operational Progress in H1 FY23
Operational Progress in H1 FY23 Progress made in Americas, EMEA and APAC New product line (D623) Glass solution sale EU grant received Reseller Expansion Sale in renewables sector Repkon Strategic Investment Project with Boeing Multiple programs and bids ongoing to address national security pillars
Slide 20: Application Progress in H1 FY23
Application Progress in H1 FY23 Progress made in Americas, EMEA and APAC Tooling Neos JV progressing Glass Moulds First machine delivered to Vetropack Structures Quotation submitted to Service and Repair customer D-Series machine manufacturing scale up Tooling Future JV Barrels Repkon JV progressing
Slide 21: Structures
Structures For lighter stronger titanium components Why? Done Next • Titanium is ideal for Cold Spray • Boeing JP9102 Satellite Program • Execute paid prototyping projects • Multiple markets • Titanium tanks and valve body (POs pending) • Armaments prototyping orders received • Plan and execute manu
Slide 22: Glass Mould Solution
Glass Mould Solution Titomic maximising uptime Why? Done Next • Glass Bottle manufacturing market • Solution development completed – • Investment conversations to size (>200 companies) 1st system sold and installed support accelerated rollout for first • Very efficient solution developed in • Revenu
Slide 23: Coating & Repair
Coating & Repair Titomic extending asset life Why? Done Next • Huge market opportunity of $53b • Build up of reseller network • Continue expansion of reseller • Wear resistance: $22b • 2 new in US network to ensure geographic coverage and overcome distance • Repair & Corrosion $16b • 1 new in Europe
Slide 24: Armaments
Armaments Titomic enabling high performance barrels Why? Done Next • Armaments is large and growing • Multiple milestones achieved for • Machine orders to establish market of $16.9b Inconel barrels Repkon JV pending • Cold spray allows refinement of • Machine configuration for Repkon • Continue opti
Slide 25: Tooling
Tooling Titomic enabling a simplified supply chain Why? Done Next • Total addressable market for • Machine configuration for Neos • Machine order for Neos Titomic JV Invar36 tooling $700m Titomic JV completed pending • Cold spraying of tools with invar • Joint venture company founded • Location for
Slide 26: Radiation Shielding
Radiation Shielding Titomic creating tailored, cost-effective shielding Why? Done Next • Radiation shielding is a fast- • Core R&D and proof of concept • Confirm real time data growing business done • Approach satellite industry • Satellite manufacturing worth • Solution tested with ANSTO in $13.7b
Slide 27: Unlocking unprecedented potential
Unlocking unprecedented potential Large & expanding market Proven process & industry leading technology • Strong tailwind with additive manufacturing platform market set to grow by 29% to 20251 • Strongly added expertise and experience by successful • Supply chain issues, geopolitical challenges com
Slide 28: Titomic Limited
Titomic Limited, Ground Floor 365 Ferntree Gully Road, Mount Waverley, Victoria 3149, Australia PO Box 225, Mount Waverley, Victoria 3149, Australia