Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — FY2023 Earnings Presentation
20 slides from Nano Dimension's earnings presentation, Mar 21, 2024
Slide 1: Leading Manufacturing into the Future: Full Year 2023 Results
wy 8 . — > ° - . . . e Nano Dimension ° Leading Manufacturing into the Future , 1" Full Year 2023 Results 7 ° e * ~e Yoav Stern, Chief Executive Officer & Member of the Board of Directors * yore Tomer Pinchas, Chief Financial Officer & Chief Operating Officer Julien Lederman, VP Corporate Developmen
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Nano Dimension Ltd. (the “Company” or “Nano Dimension’) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “bel
Slide 3: Highlights for 2023
Highlights for 2023 Progress Reflects Focus on Growth Drivers and Financial Discipline Headline financials Business updates = $56.3M annual revenue - a record; 29% YoY growth = Refreshed board with a new chairman and director = 45% gross margin (IFRS); Up from 32% in ‘22 = “Reshaping Nano Initiative
Slide 4: Customer success: NASA
Customer success: NASA Acquired for use in project to 3D print sodium ion batteries Admaflex for 3D printing ceramics and metal
Slide 5: Customer success: Defense Branch of US Department of Defense
Customer success: Defense Branch of US Department of Defense One of many deliveries to a branch of the US defense forces DragonFly® for 3D printing electronics a a! ee
Slide 6: Customer success: Fraunhofer Institute
Customer success: Fraunhofer Institute Sale is one of several to the leading German research group DragonFly® for 3D printing electronics
Slide 7: Customer success: Unnamed industrial leader
Customer success: Unnamed industrial leader Deal for robotics systems AND our largest order ever Additive Electronics (AE) for robotic assembly Cannot reveal certain customer names based on the confidentiality agreements outlined in certain contracts 7 - : , . 2 NNODIMENSION
Slide 8: Customer success: One of largest Western computer manufacturers
Customer success: One of largest Western computer manufacturers One of the largest size orders of the year DragonFly® for 3D printing electronics
Slide 9: Customer success: A Western Nuclear Research Group
Customer success: A Western Nuclear Research Group Nano’s tech for advanced industrial innovation DragonFly® for 3D printing electronics Cannot reveal certain customer names based on the confidentiality agreements outlined in certain contracts 2020 Distr totes
Slide 10: Product and R&D Developments
Product and R&D Developments Innovation Milestones Drive Greater Market Penetration and Secure Competitive Advantage Industrial Al from the DeepCube Group Materials, systems, and software = Implementation into DragonFly® IV = INSU 200 - a breakthrough dielectric material for AME = Commercialization
Slide 11: Growth Scaling Up
Growth Scaling Up Growth for Last Twelve Months (LTM) Revenue Demonstrates Business Momentum ‘$60M 55% CAGR sam FY20 - FY23 ‘$36M ‘$24M ‘$12M [| «on = @ @ Q4 2020 LTM 1 2021LTM 2.2021 LTM Q32021LTM 42021 LTM Q1.2022LTM Q22022LTM @32022LTM @42022LTM Q12023LTM 22023LTM @32023LTM @4 2023 LTM 122024 Nan
Slide 12: Nano's Growth Outpaces Peers
Nano’s Growth Outpaces Peers Revenue Increase Despite Challenges Endured by Others Comparable Companies Nano Dimension vs. Peers Revenue Growth for 2023 over 2022 29% iad a Dh. stratasys ZMerkforged Peer 30 SYSTEMS Desktop Metal Group Avg. * eee “ LJ LJ oe 4 LJ (10%) (9%) (9%) (7%) (7%) (15%) Source
Slide 13: Reshaping Nano Program
Reshaping Nano Program Remodeling the Organization Based on Synergies and Scale Reshaping Nano Net cash burn! Expected 2022 2023 2024 = Reduced $25M-30M in annual costs om = oTo begin reflecting in Q1/2024 figures 20M = 2024 net cash burn expected: $12M-2OM 60M $80 100M -$120M 140M -$160M 2022 + 202
Slide 14: Replenished Corporate Governance and Capital Allocation
Replenished Corporate Governance and Capital Allocation The Company Actioned Investor Feedback In Terms of Stewardship and Capital Allocation Corporate governance We ushered in several board changes * Separation of Chairman and CEO roles o Dr. Yoav Nissan-Cohen now Chairman o Yoav Stern continues as
Slide 15: Q&A
Q&A
Slide 16: Appendix
Appendix NANODIMENSION Electrifying Additive Manufacturing”
Slide 17: Reconciliation for Non-IFRS Measures
Reconciliation for Non-IFRS Measures EBITDA is a non-IFRS measure and is defined as earnings before interest income, income tax, depreciation and amortization. We believe that EBITDA, as described abave, should be considered in evaluating the company's operations. EBITDA facilitates operating perfar
Slide 18: Reconciliation for Non-IFRS Measures
Reconciliation for Non-IFRS Measures The following are reconciliations of income before taxes, as calculated in accordance with International Financial Reporting Standards ("IFRS"), to EBITDA and Adjusted EBITDA, as well as of gross profit, as calculated in accordance with IFRS, to Adjusted Gross Pr
Slide 19: Key Metrics - FY 2023
Key Metrics - FY 2023 Amounts in thousands of USD Income Statement Balance Sheet Cash Flow Fy 2022 Fy 2023 FY 2022 Fy 2023 Fy 2022 Fy 2023 Change in cash, Total cash Reventia 43,633 56,314 | Total Assets 1,203,458 1,064,338 | co uivalents (323,309) (180,456) and deposits . Treasury Adjusted 20,274 2
Slide 20: Thank you
Thank you