Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Investor Presentation (June 2021)
112 slides from Nano Dimension's investor presentation, June 2021
Slide 1: 3D-Printed Electronics: Additively Manufactured Electronics (AME)
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 1 3D-PRINTED ELECTRONICS ADDITIVELY MANUFACTURED ELECTRONICS (AME) Corporate Presentation I Nasdaq: NNDM I June 2021 Intelligent Machines, Consumable Conductive & Dielectric Ink Materials Nasdaq: NNDM I www.nano-di.com | ©
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of Nano Dimension Ltd. (the “Company”) 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,” “believes,” “seeks,” “es
Slide 3: Table of Contents
TA B L E O F C O N T E N T S • Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Appendix Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 3
Slide 4: A Digital Factory in a Box
A D I G I TA L F A C T O R Y I N A B O X …REPLACED WITH THIS! ALL OF THIS … >60 machines w/paying customers Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 4
Slide 5: AME Simplifies a Complex Process
A D D I T I V E M A N T U FA C T U R E D E L E C T R O N I C S ( A M E ) S I M P L I F I E S A COMPLEX PROCESS • Traditional PCB manufacturing is a complex, multistep process, including layering, photolithography, drilling, plating. • Over 70 steps are required to make the PCB, and this does not inc
Slide 6: How It Works
HOW IT WORKS 110 Just one manufacturing step: No need for etching, pressing, electroplating. TWO PRINTHEADS INKJET BOTH THE OBJECT IS BUILT UP, LAYER BY MATERIALS SIMULTANEOUSLY: LAYER, THROUGH FULL STACK THICKNESS: ○ Both conductor & insulator substrates are printed ○ Conductive layers & dielectric
Slide 7: Produce Complex PCB and Hi-PEDs
PRODUCE COMPLEX PCB AND Hi-PEDS™ Hi-PEDs™ Fast prototyping, HIGH hours vs weeks AME with WITH Side PERFORMANCE AME Circuit WITH with AME CIRCUIT INTEGRATED IOT Access IOT/WIFI ACCESS POINT AME CIRCUIT SIDEMounted MOUNTED AND Vertically Stacked VERTICALLY STACKED INTEGRATED CIRCUITS ELECTRONIC Capa
Slide 8: Nano Dimension at a Glance
DragonFly Pro – 2018 DragonFly LDM – Since Q4 2019 N A N O D I M E N S I O N AT A G L A N C E DragonFly LDM 2.0 – Since April 2021 Over $1.47 billion cash* and no debt (as of March 2021) >$50 million invested in R&D over 6 years Planned to be increased by order of magnitude $16.4 million of
Slide 9: 2nd and 3rd Generation AME
Since April 2021 Fabrica / TERA 250 3 Machines already w/paying customers • 2nd Generation • 3rd Generation AME AME Code: ”BF Code: ”HB” 2022/3 and on 2023/4 and on Development is on Development is on the way the way Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 9
Slide 10: Complex Micro Electronic Device
COMPLEX MICRO ELECTRONIC DEVICE 5 mm Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 10
Slide 11: Complex Micro Electronic Device
COMPLEX MICRO ELECTRONIC DEVICE ELECTRICAL CONNECTORS Government Agency Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 11
Slide 12: Complex Micro Mechanical Devices
COMPLEX MICRO Mechanical DEVICES Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 12 www.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Slide 13: Micro Mechanical Parts
MICRO MECHANICAL PARTS Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 13
Slide 14: DeepCube Deep Learning Software Acceleration
Hardware agnostic, Deep Learning software acceleration designed based on breakthrough research for both training and inference frameworks www.deepcube.com NASDAQ: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 14
Slide 15: ML Development Is Disconnected from Deployment
ML Research and development is disconnected from deployment CONSTRAINTS Edge Computing Compute Cloud Memory Power 1.1B Latency Enterprise/Carriers/Government Data Centers $32.8 $24.5 $7.2 k80 V100 A100 MNIST Resnet BERT GPT-3 GPU Instance Cost Model Complexity Performance * 8 GPUs, on- demand/hour *
Slide 16: DeepCube: The Change Needed
Deploying optimized models in the real physical world Edge Computing Cloud DEEPCUBE The change needed: 1.1B Training production Enterprise/Carriers/Government Data Centers $32.8 models $24.5 $7.2 k80 V100 A100 MNIST Resnet BERT GPT-3 CONNECTED WITH GPU Instance Cost Model Complexity High performance
Slide 17: ML Production at Scale Is Inefficient and Jittery
Machine Learning Production at scale is inefficient and jittery Constraints such as latency, performance, power, memory are impeding mass ML deployment Models are developed in a synthetic environment, unrelated to real world constraints AI CPU ASIC ARM GPU NASDAQ: NNDM I www.nano-di.com | © 2020 Nan
Slide 18: Driving a 10X ML Economics
Fusing Together Training and Inference – DeepCube develops both CNN RNN Transformer MLP DEEPCUBE Driving a 10X ML Economics CPU AI ASIC ARM GPU NASDAQ: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 18 Confidential and proprietary
Slide 19: Times Are Changing
TIMES ARE CHANGING… Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 19
Slide 20: Table of Contents
• Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Appendix Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 20
Slide 21: Vision and Mission
Electronics Sector: Electronics, PCB, PCBA, IH, ATE, NANO DIMENSION Electro Mechanics, Micro-Mechanics, MEMS, etc. Vision To transform the electronics sector into an environmentally friendly & economically efficient additive manufacturing Industry 4.0 – enabling a one- production-step-conversion of
Slide 22: The Problem
THE PROBLEM Designs Traditional manufacturing, especially for prototyping, is slow. There are many steps to the process with days to weeks in-between. PCBs This is slow and costly with a range of Intellectual Property Risk and Environmental Hazards. Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimen
Slide 23: Return on Investment: Prototyping
RETURN ON INVESTMENT - PROTOTYPING AME changes what is possible for prototyping. WEEKS Proof of Concept (PoC) & DESIGN ECAD TESTING TOOLING PRODUCTION PROTOTYPING ○ Accelerate Product Development and reduce Time-To-Market (TTM) ○ In-House Rapid Prototyping with Nano Dimension AME Systems PoC & DESIG
Slide 24: Return on Investment: Production
RETURN ON INVESTMENT - PRODUCTION AME changes what is possible for production. MONTHS Proof of Concept (PoC) & DESIGN ECAD TESTING TOOLING PRODUCTION PROTOTYPING ○ Eliminate need for tooling ○ Consolidate Assembly Steps ○ Low Mix / High Volume Production with Nano Dimension AME System PoC &PROTO- DE
Slide 25: Traditional PCB Footprint
TRADITIONAL PCB FOOTPRINT 1% Around 90% of all PCBs are 1% 1% 2% • China manufactured in the APAC region. • Vietnam 2% China is the largest producer with • South Korea around 43% market share followed by • Taiwan 5% Japan and South Korea with 15% and 13%, respectively. Singapore 13% Philippines Inte
Slide 26: AME / 3D Printed Electronics Market
AME / 3D PRINTED ELECTRONICS MARKET IDTechEX (2019) • The total market for 3D printed electronics will be worth $2.3 billion $M 3D PRINTED ELECTRONICS MARKET by 2029 and will be dominated by the professional PCB prototyping 4500 market segment. The educational and industrial production market segmen
Slide 27: AM / 3D Micro-Printing Market
AM / 3D MICRO-PRINTING MARKET Bottom up Top down $1.5B* Micro injection molding $300B* $3.3B* Micro CNC 5%** • Micro electronics TAM • Optics • Semi conductors $15B • Sensors CAGR 20% • Medical devices $5.8B* Micro laser cutting CAGR 5% $6B* EDM * By 2025, Market Research Report, Artizon, 2020 ** By
Slide 28: Table of Contents
• Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Appendix Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 28
Slide 29: Nano Dimension: Financial Data
N A N O D I M E N S I O N : F I N A N C I A L D ATA NASDAQ Shares Outstanding: NNDM ~249 million * • Significant trend of Gross Margin ADS ratio: 1:1 improvements More than $50M invested in R&D, over 6 years • Revenue 2018 - 2019 - 2020: $5.1M - $7.1M - $3.4M March 31st, 2021: Cash: $1.47 billion **
Slide 30: Fail-Safe Biotech-Like Investment Model
FA I L S A F E “ B I O T E C H - L I K E ” I N V E S T M E N T M O D E L Since Covid-19’s eruption – it is not about quarterly Revenue curve. We are focused on upside through accelerating Product Technological Edges (Upside like Biotech). BUT we have sold approx. 60 machines already. Contrary to Bio
Slide 31: Table of Contents
• Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Appendix Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 31
Slide 32: AME Allows New Designs
AME ALLOWS NEW DESIGNS Traditional design of printed High Performance Electronic Devices™ circuit boards (Hi-PEDs™) not otherwise possible Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 32
Slide 33: 3D Printed Electronics with AME Technology
NANO DIMENSION 3D PRINTED ELECTRONICS WITH AME TECHNOLOGY The possibilities to integrate electronic applications with AME Technology are abundant. Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 33
Slide 34: Hi-PEDs Example: Functional Capacitors
EXAMPLE OF Hi-PEDs™: F U N C T I O N A L C A PA C I T O R S B Y A D D I T I V E M A N U FA C T U R I N G • Produced simultaneously during the additive manufacturing of PCBs • Reduce the total size of the PCB • Freeing surface area for mounting other PCB components Design Actual Nasdaq: NNDM I www.na
Slide 35: Hi-PEDs Example: In-PCB Planar DC-DC Up Converter Transformer
EXAMPLE OF Hi-PEDs™: IN PCB PLANAR DC-DC UP CONVERTER TRANSFORMER • The most common DC-DC Up Converters are units mounted on a PCB • By producing the device as an integrated part of the PCB, surface area usage, assembly time, and other overhead costs are reduced. Nasdaq: NNDM I www.nano-di.com | © 2
Slide 36: Hi-PEDs Example: Vertically Stacked ICs
EXAMPLE OF Hi-PEDs™: V E R T I C A L LY S TA C K E D I N T E G R AT E D CIRCUITS (ICS) Stacked ICs have a higher circuitry density than traditional PCBs by allowing ICs to be mounted and interconnected on top of each other. Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved.
Slide 37: Nano Dimension Evolution
NANO DIMENSION EVOLUTION DragonFly® IV 24/7 printing in a compact system DragonFly® LDM 2.0 Integrated AI Software Fast Prototyping & Sample Special Ink Solutions Production Smart management for printer uptime DragonFly® LDM 2.0 Q2 2021 Simple and fast operation Fast Prototyping & Sample D
Slide 38: 2nd and 3rd Generation AME
Since April 2021 Fabrica / TERA 250 3 Machines already w/paying customers • 2nd Generation • 3rd Generation AME AME Code: ”BF Code: ”HB” 2022/3 and on 2023/4 and on Development is on Development is on the way the way Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 38
Slide 39: TERA Stitching
TERA 250 - STITCHING * Stitching between tiles enables large build volume printing oe | a & gs NANOFABRICA
Slide 40: Fabrica / TERA Additional Patents
Fabrica - TERA - 250 Additional 6 Patents Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 40 www.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Slide 41: Our Customers Are Innovators in Leading Markets
O U R C U S T O M E R S A R E I N N O VAT O R S I N L E A D I N G M A R K E T S AUTOMOTIVE & RESEARCH AEROSPACE DEFENSE MEDICAL INDUSTRIAL The DragonFly LDM AME Technology Keep your IP in your lab Reduce time to market AME optimizes System enables you to enables you to reduce with the DragonFly LDM
Slide 42: Global Customers
GLOBAL CUSTOMERS Nano Dimension Customers: • 3 Multi-billion US$ defense manufacturers • 2 European defense companies and multiple Secret Service Agencies • 1 Multi-billion US$ valued technology conglomerate • Multiple leading research institutions around the world Nasdaq: NNDM I www.nano-di.com | ©
Slide 43: Make Your Own Hardware and Deep Learning
“People who are really serious about software should make their own hardware” Alan Kay “People who are really serious about manufacturing should develop their own Deep Learning” Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 43
Slide 44: Optimizing Capex, Opex and Revenue Opportunities
Endless opportunities to optimize Capex, Opex, revenue opportunities, new design space and use cases Fleet of DragonFly IV / BF [Design House] Materials quality • Prototype factory monitoring • Defect detection Variance management • Yield optimization Including • Up time optimization IN • Process Op
Slide 45: Continuous Data Collection and Deep Learning Models
Continuous Data collection at global scale and creation/refinement of multi-purpose deep learning models Models to optimize yield Mechanical metrics Temperature sensor Models to optimize throughput Sounds sensor Models to optimize quality % Humidity sensor <> 3D object metrics Models to optimize eff
Slide 46: Cloud-Based Deep Learning Framework for Self-Learning Machines
Cloud base Deep Learning Framework for Self Learning machines Design and Prototype customers and eco system players CUSTOMER A: OPTIMIZE OPEX Sensor Fusion 11010011101010011001010011101010011 110101001100101001110101001110010 01111100101010011001010011101 1101001010100110010100101 110110010011001010
Slide 47: Industry 4.0 Growth Opportunities
Industry 4.0 - Growth opportunities for industry Hi-PEDs wide DeepElectronic Devices = High Performance Learning Adoption for manufacturing Med-PEDs = Medium Performance Electronic Devices NANODIMENSION Nano Dimension Customers: Premium Hi-PEDs PCB factories or OEM producers Customers, Suppliers & P
Slide 48: Investment Highlights
INVESTMENT HIGHLIGHTS Growth company with significant technology and first mover advantage. • ~60 3D Printing Machines in market with leading defense & research organizations. • Shortening prototyping time while creating multi-layer Hi-PEDs™ in house. • R&D of unique, miniaturized, lower weight solu
Slide 49: Fabrication Services: NaNoS Shop
F A B R I C AT I O N S E R V I C E S : N a N o S ® S H O P • Nano Services (NaNoS®) is an offering for customers who need to get their hands- on complex, multilayered high-performance electronics with a quick turnaround time. • Provide 3 different services to customers around the globe with its fabr
Slide 50: Why Additive Manufacturing for Electronics?
W H Y A D D I T I V E M A N U FA C T U R I N G F O R E L E C T R O N I C S ? AME provides important value drivers that are critical for technological progress. ACCELERATE PROTECT time to market IP INCREASE IMPROVE design possibilities efficiency Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension
Slide 51: Key Capabilities with Hi-PEDs
K E Y C A PA B I L I T I E S W I T H H i - P E D s Advanced RF Advanced Packaging Advanced Sensor Solutions Solutions Solutions Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 51
Slide 52: Business Model: Recurring Revenue Model That Scales
B U S I N E S S M O D E L : R E C U R R I N G R E V E N U E M O D E L T H AT S C A L E S “Razor-Razorblade” Model: • As the installed base of systems CONSUMABLE REVENUE grows, the recurring revenues from GROWTH consumables increases. • Positive trend of increased ink consumption by customers is a va
Slide 53: Business Model
Business model Razor Razor Blade Hardware Materials Purchase price Recurring revenue $350K ~$100K / machine / year Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 53
Slide 54: Revenue Drivers
REVENUE DRIVERS Emerging Technologies AME drives: • Communication 5G/RF • Fast time-to-market • Heterogeneous Integrations • IP safety in-house rapid prototyping and production • Aerospace (i.e., micro-satellites) • Interactive development • Defense • Device performance gains • Medical (i.e., in-v
Slide 55: Table of Contents
• Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Customer Cases Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 55
Slide 56: Case Studies and Cooperation
C A S E S T U D I E S & C O O P E R AT I O N Details: Appendix 1 I. Research Institutes: CBN-IIT II. Aerospace: HARRIS III. Defense: HENSOLDT IV. Medical: PIEZOSKIN V. Automotive: REHAU Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 56
Slide 57: Table of Contents
• Nano Dimension at a Glance • The Opportunity • The Technology and Product Offering • Financial Highlights • Customer Cases Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 57
Slide 58: Fail-Safe Biotech-Like Investment Model
FA I L S A F E “ B I O T E C H - L I K E ” I N V E S T M E N T M O D E L Since Covid-19’s eruption – it is not about quarterly Revenue curve. We are focused on upside through accelerating Product Technological Edges (Upside like Biotech). BUT we have sold approx. 60 machines already. Contrary to Bio
Slide 59: Post Corona World: Moving Supply Chain In-House
P O S T C O R O N A W O R L D : M O V I N G S U P P LY C H A I N ‘ I N H O U S E ’ • "The global supply chain right now is disrupted; we are seeing disruptions across the board... the high-tech industry is heavily reliant on China and parts of Asia." (Bloomberg)² • “ ...heat from the Trump administr
Slide 60: Thank You
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 60 THANK YOU NASDAQ: NNDM Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 60 60 Copyright © 2021 Nano Dimension Ltd. Nano Dimension, DragonFl
Slide 61: Appendix 1
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 61 APPENDIX 1 NASDAQ: NNDM Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 61 61 Copyright © 2021 Nano Dimension Ltd. Nano Dimension, DragonF
Slide 62: Customer Case I: CBN-IIT, Italy
C U S T O M E R C A S E I : C B N - I I T, I TA LY The suitability of the DragonFly system to rapidly and affordably manufacture functional prototypes, combined with the broad ecosystem of applications for health and energy harvesting, makes it an ideal choice for our team to achieve higher performa
Slide 63: Cooperation Case II: Harris, USA
C O O P E R AT I O N C A S E I I : H A R R I S , U S A The ability to manu- facture RF systems in- house offers an exciting new means for rapid and affordable prototyping and volume manufacturing. The results of the study provide substantial motivation to develop this technology further. Dr. Arthur
Slide 64: Customer Case III: Hensoldt, Germany
C U S T O M E R C A S E I I I : H E N S O L D T, G E R M A N Y Military sensor solutions require performance and reliability levels far above those of commercial HENSOLDT and Nano components. To have Dimension Achieve high-density components Breakthrough in quickly available with Electronics 3D Prin
Slide 65: Customer Case IV: Piezoskin, Italy
C U S T O M E R C A S E I V : P I E Z O S K I N , I TA LY Nano Dimension’s AME technology helped us to achieve an original product prototype, in which wires and connectors were eliminated and the package was minimized, to obtain an optimal user experience. It simplified the manufacturing process, as
Slide 66: Customer Case V: REHAU, Germany
C U S TO M E R C A S E V: R E H A U , G E R M A N Y With the DragonFly LDM Smartification is no longer we will drive forward just a vision for us. REHAU’s “Electronics into REHAU is developing Polymers” strategy to improved products for the speed up in-house smart home and IoT electronics developmen
Slide 67: Appendix 2
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 67 APPENDIX 2 NASDAQ: NNDM Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 67 67 Copyright © 2021 Nano Dimension Ltd. Nano Dimension, DragonF
Slide 68: Nano Dimension Management
NANO DIMENSION MANAGEMENT Yoav Stern, Chairman & CEO Zivi Nedivi, President • President & CEO, DVTEL, Video Software company. • CEO Cyalume Technologies Inc., chemical-lighting solutions • Chairman, Bogen Corporation • COO of Lumenis Ltd., Laser & Light energy-based technologies, • Executive Chairma
Slide 69: Nano Dimension Management
NANO DIMENSION MANAGEMENT Dr. Jon Donner, General Manager, Tamir Margalit, VP R&D • VP R&D at Kitov.ai, a 3D inspection, robotics NanoFabrica Division and AI, and before that as the • Founder of NanoFabrica • FPD Division President and as Chief Product • PhD in nano optics in the group of Romain Qui
Slide 70: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 70 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 70 70 NASDAQ : NNDM
Slide 71: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 71 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 71 71 NASDAQ : NNDM
Slide 72: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 72 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 72 72 NASDAQ : NNDM
Slide 73: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 73 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 73 73 NASDAQ : NNDM
Slide 74: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 74 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 74 74 NASDAQ : NNDM
Slide 75: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 75 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 75 75 NASDAQ : NNDM
Slide 76: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 76 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 76 76 NASDAQ : NNDM
Slide 77: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 77 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 77 77 NASDAQ : NNDM
Slide 78: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 78 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 78 78 NASDAQ : NNDM
Slide 79: R&D, Product Development, Go-To-Market, Synergetic M&A
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 79 R&D Product Go- Development To- Market Synergetic M&A Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 79 79 NASDAQ : NNDM
Slide 80: Appendix 3
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 80 APPENDIX 3 NASDAQ: NNDM Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 80 80 Copyright © 2021 Nano Dimension Ltd. Nano Dimension, DragonF
Slide 81: Certifications
C E R T I F I C AT I O N S In-house DragonFly system In-house nano ink manufacturing Top quality certified manufacturing – ISO14001 and OHSAS18001 FCC, CE, UL, CSA, EAC capacity to meet future demand ISO 45001 and RoHS Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 81
Slide 82: New Manufacturing Possibilities with the DragonFly LDM
N E W M A N U F A C T U R I N G P O S S I B I L I T I E S W I T H T H E D R A G O N F LY L D M High-Performance Electronic Devices™ : Hi-PEDs™ RF AMPLIFIER FOR SPACE PRINTED CAPACITORS ○ Light weight ○ High Accuracy Capacitors ○ Integrated design Integrated in the board ○ < 1db gain difference ○ 50
Slide 83: Vision: Bridging the Gap
VISION: BRIDGING THE GAP DragonFly LDM & Ink Materials AME TECHNOLOGY Design Proof of Concepts Prototype & Early Fabrication of HiPEDs™(High Performance Electronic Devices) TRADITIONAL TRADITIONAL PRINTED INTEGRATED CIRCUITS CIRCUIT BOARDS (PCB) (IC, Chips, CPU, ASICs) Nasdaq: NNDM I www.nano-di
Slide 84: Nano Dimension Offering
NANO DIMENSION OFFERING AME 3D-PRINTING SYSTEMS NaNoS® DRAGONFLY LDM, DRAGONFLY LDM 2.0 3D FABRICATION SERVICE ○ System ○ Co-creation / Design ○ Training and Support ○ Prototyping ○ Leasing Options ○ Low Volume Production Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 8
Slide 85: Product Possibilities with 3D Electronics
PRODUCT POSSIBILITIES WITH 3D ELECTRONICS Electronics integration (MEMS, Real 3D Embedded Electronics for Sensors, Transistors, ICs, Opto, Piezo, Heterogenous Integration Chem-Electro, Magnetics, Motion) 3D Printed Electronics Components AME Hi-PEDs™ Multi Stacking ICs, Packages, (Capacitor, Inducto
Slide 86: Moving into the Future
MOVING INTO THE FUTURE ADVANCED PRODUCTS: RAPID PROTOTYPING DIGITAL INVENTORY HiPED FABRICATION Benefits: Shorten your Time-to- Benefits: Produce better, lighter, Benefits: The future will allow Market, reduce cost and increase cost-effective products by business models based on part innovation with
Slide 87: Strategic Acquisitions
S T R AT E G I C A C Q U I S I T I O N S - A p r i l 2 0 2 1 • Nano will leverage its strong financial position for even greater success through a strategic investments program. • Recent investments include: • DeepCube - a world leader in Machine Learning/Deep Learning (ML/DL) technology. • Nanofabr
Slide 88: Medical Devices: Neuralink; Injection Molding Optical Connectors
MEDICAL DEVICES – NEURALINK (ELON MUSK) “Part arrived and it looks awesome” INJECTION MOLDING – OPTICAL CONNECTORS “ (Nanofabrica’s tech) could be a game changer for us Reducing lead time from 4 months to 1 day” Sr. Director HW
Slide 89: Injection Molding: Electronic Connectors
INJECTION MOLDING - ELECTRONIC CONNECTORS “ A mold for a large connector with micron precision elements can cost $500K! Your mold can eliminate this cost” “I looked at the parts you had shipped… they look fantastic” Principle Eng. Advance tech (TE is a Swiss / US listed company, $12Bn revenue, senso
Slide 90: Medical Devices Miniaturization
MEDICAL DEVICES MINIATURIZATION • working with principal scientist Phillips innovative technologies • 3 projects: 1. “miniature factory” 2. Optical connectors 3. High performance X-ray element Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 90
Slide 91: Injection Molding: Agriculture
INJECTION MOLDING - AGRICULTURE Setting up a new manufacturing line cost $3M …Nanofabrica can remove this risk” Esteban R. VP R&D Customer: INJECTION MOLDING – PRECISION MANUFACTURING (BETA #3) “I have been following precision AM market for years, and am (Israeli, recently sold to Orbia for excited
Slide 92: Injection Molding: Polymer Engineering
INJECTION MOLDING – POLYMER ENGINEERING ““it's astonishing how good your mold is..totally crazy how detailed” “a mold within 1 hour that has a 1µm resolution is a game- changer” Lead of AM molding project (Swedish, traded, $3Bn, leader in polymer and specifically rubber products) Nasdaq: NNDM I www.
Slide 93: Customer Quotes
CUSTOMER QUOTES Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 93
Slide 94: Optics: Sick Sensors; Mechanical Parts
OPTICS – SICK SENSORS IOT “we have many sensors a year but in short runs of 1000 each. NF can make this much more cost effective” “Head of portfolio management” MECHANICAL PARTS “…The gears are working, and lifetime looks also good.” / Head of AM Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimensio
Slide 95: Government Agency
Government Agency Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 95 www.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Slide 96: Competition
COMPETITION Other companies: Old World Labs, Multiphoton optics, Microlight3D Fabrica Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 96
Slide 97: Commercial Synergy, Technological Synergy
COMMERCIAL SYNERGY TECHNOLOGICAL SYNERGY Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 97
Slide 98: There Is an Elephant in the Room: Corona
THERE IS AN ELEPHANT IN THE ROOM CORONA IS AFFECTING BUSINESSES IN 2020-21 W O R K I N G A S S U M P T I O N : AT L E A S T U N T I L Q 3 / 2 0 2 1 All present customers were out-of-office until July 2020. Some until now. (Mostly USA) • Chinese companies returned on 10/2020 but still delaying all pu
Slide 99: Present Investment Thesis Is New Plan for 2021
PRESENT INVESTMENT THESIS IS NEW PLAN FOR 2021: RIDING THE ELEPHANT • Started a Prototyping/Fabrication Services Business: NaNoS (Nano Services) • Expand NaNoS as revenue generator, but mainly as a route for DragonFly purchases once CapEx are released post Corona • M&A search directed at targets tha
Slide 100: Appendix 4
Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 100 APPENDIX 4 NASDAQ: NNDM Follow us: @nanodimensiontech @3Dpcb www.nano-di.com Nasdaq: NNDM I www.nano-di.com | © 2020 Nano Dimension. All rights reserved. 100 100 Copyright © 2021 Nano Dimension Ltd. Nano Dimension, Drag
Slide 101: Post Corona World: Moving Supply Chain In-House
P O S T C O R O N A W O R L D : M O V I N G S U P P LY C H A I N ‘ I N H O U S E ’ “Even as China comes back online, we are beginning to wonder if Covid-19 will impact other supply-oriented geographies… …While China is improving, the supply chain for the electronics industry may yet see substantial
Slide 102: Post Corona World: Bringing Factories Back to the U.S.
P O S T C O R O N A W O R L D : M O V I N G S U P P LY C H A I N ‘ I N H O U S E ’ OCTOBER 12th, 2020: The American Dream: Bringing Factories Back to the U.S.(1) A report from the McKinsey Global Institute found “180 products across value chains for which one country accounts for 70% or more of expo
Slide 103: Traditional PCB History
TRADITIONAL PCB HISTORY Pre-PCB electronic circuit with rat's nest wiring. Before the 1950s, electronic circuits were assembled using individual wires to connect each of the components (Pic 1). The components were then mounted on what were known as tag strips and sockets. The first circuit boards we
Slide 104: Traditional PCB Mounting
TRADITIONAL PCB MOUNTING Through-Hole Electronics Surface Mount Electronics The vast majority of electronic circuits are now made using Printed Circuit Boards (PCBs). These are copper-clad fiberglass or epoxy boards that have the copper selectively etched away to leave conductive traces. Components
Slide 105: PCB vs. AME
PCB VS. AME • Single-sided PCBs are very limiting in terms of connection topology. With single-sided PCBs, most circuits require the ability to join two conductive tracks using a wire. • Double-sided PCBs alleviate this problem by allowing connections through holes from one side of Double PCB Layer
Slide 106: Traditional PCB Layers
T R A D I T I O N A L P C B L AY E R S World PCB production by type 5% 16% Single sided 2-6 layers 8-16 layers 15% 37% 18+ layers Microvia Substrate Flex & R-Flex 12% Many PCB designs, particularly analog or high- frequency digital circuits, employ a ground Source: TTMTechnologies 13% plane. This is
Slide 107: Traditional PCBs: Mechanics
TRADITIONAL PCBs: MECHANICS The physical strength of fiberglass board makes it possible to use a traditional PCB as a mechanical component in a device as well as an electrical one. This is a crude form of structural electronics. Rigid PCBs can be connected together The CrazyFlie quadcopter using fle
Slide 108: Traditional PCBs: Heat
T R A D I T I O N A L P C B s : H E AT Components such as power semiconductors can generate a lot of heat thatmust be dissipated in order to keep the device running within temperature tolerances. Temperature is responsible for 55% of all electronic circuit failures. Specifically, the failure rate of
Slide 109: PCBs SWOT Analysis
P C B s S W O T A N A LY S I S Strengths Weaknesses • Established technology: ~$60bn industry. • Either expensive to prototype locally or slow to prototype • Physically strong. remotely (7 to 21 day turnaround from China). • High electrical conductivity (σ =5.96×107S/m) from • Cost single unit cost
Slide 110: Hi-PEDs Example: Low Pass Filter
EXAMPLE OF Hi-PEDs™: L O W PA S S F I LT E R ( L P F ) LPF uses AME capacitors fabricated simultaneously inside the AME board together with strip lines. The AME capacitor and the strip line can be placed on any AME layer or on different layers in the AME board With Commercial Capacitors -30dB X-ray
Slide 111: Hi-PEDs Example: Side Mount/Contact and Inserted Components
EXAMPLE OF Hi-PEDs™: S I D E M O U N T / C O N TA C T A N D INSERTED COMPONENTS • Enables the use of an area not common for PCB components • Enables the creation of customized small PCBs that can be inserted into a socket a) b) Figure 1 X-ray view of a) inserted, and b) side mounted components solde
Slide 112: Hi-PEDs Example: Built-in Power Transformers
EXAMPLE OF Hi-PEDs™: B U I LT I N P O W E R T R A N S F O R M E R S In Board Power DC–DC Up AC-AC Voltage Converter AC-AC Up Transformer with Converter (x10) ferrite core Nasdaq: NNDM I www.nano-di.com | © 2021 Nano Dimension. All rights reserved. 112