Nano Dimension Ltd · NASDAQ:NNDM
Nano Dimension — Q1 2023 Earnings Presentation
18 slides from Nano Dimension's earnings presentation, Jun 29, 2023
Slide 1: Leading Manufacturing into the Future: Q1 2023 Results & Earnings Call
Nano Dimension Leading Manufacturing into the Future 1 st Quarter 2023 Results & Earnings Call Yoav Stern, Chairman & CEO Yael Sandler, CFO Julien Lederman, VP Corporate Development June 29 th , 2023
Slide 2: Forward Looking Statements
Forward Looking Statements ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 2 This presentation of Nano Dimension Ltd . (the “Company” or “Nano Dimension”) contains “forward - looking statements” within the meaning of the Private
Slide 3: Important Information About the Special Tender Offer
Important Information About the Special Tender Offer ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 3 This presentation is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to se
Slide 4: Business Highlights – Q1 2023
Business Highlights – Q1 2023 Important Milestones Underscore Strong Business Momentum • Strong growth trajectory & increasing margins ▪ $14.97M record quarterly revenue ▪ 44% gross margin (IFRS); adjusted gross margin of 47% (non - IFRS) 1 ▪ 43% YoY quarterly revenue growth ▪ 556% YoY quarterly inc
Slide 5: Financials – Q1 2023
Financials – Q1 2023 ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 5 Q1 2023 Q1 2022 In USD $14.97M $10.43M Revenue $6.6M $1.0M Gross Profit (IFRS) 44% 10% Gross Margin (IFRS) $7.1M $4.2M Adjusted Gross Profit (non - IFRS) 1 4
Slide 6: Strong Growth and Increasing Margins
40% 47% 0% 15% 30% 45% 60% Q1 2022 Q1 2023 Strong Growth and Increasing Margins Robust Year - on - Year Results Revenue Adjusted Gross Margin % (non - IFRS) 1 $14.97M +43% YoY $10.43M $0M ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Proh
Slide 7: Steady & Strong Revenue Growth
$4M $5M $10M $20M $39M $44M $48M $0M $15M $30M $45M $60M $75M Q2 2021 LTM Q3 2021 LTM Q4 2021 LTM Q1 2022 LTM Q2 2022 LTM Q3 2022 LTM Q4 2022 LTM Q1 2023 LTM 2023 Run Rate (Q1 2023 Annualized) Steady & Strong Revenue Growth Consistent Last Twelve Months (LTM) Revenue Growth for Past 8 Quarters ©2023
Slide 8: Significantly Outperforming Peers
Based on Q1 2023 – Q1 2022 YoY Revenue Increase % / Decrease % ([DDD, DM, MKFG, SSYS] Q1 2023 filings) 1 Peer Group Avg. includes the average of DDD, DM, MKFG, SSYS Q1 2023 – Q1 2022 YoY Revenue increase % / decrease % (9%) (9%) (5%) 10% (7%) 43% (10%) 0% 10% 20% 30% 40% 50% Peer Group Avg. 1 Signif
Slide 9: M&A Synergies Showing Results
Q3 2022 Q1 2023 M&A Synergies Showing Results 50% Organic Revenue Growth from Q3/2022 to Q1/2023 Demonstrating Strong Synergies from M&A +50% ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 9
Slide 10: Significant Sales Wins
$8M $12M $0M $5M $10M $15M Q1 2022 Q1 2023 Significant Sales Wins Systems Product Line Revenue +45% YoY Top 10 global defense contractor ... Western gov. defense agency Western research innovation center Compared to SSYS Q1 (26%) in systems revenue YoY 1 Q1 2022 Q1 2023 (26%) YoY 1 Slide 13 in Strat
Slide 11: New Product and Tech Advancements
New Product and Tech Advancements Sharp and Continued Focus on Advancements in Our Core Business New systems and materials - New Micro - AM systems designed for micron (µm) - level resolution of industrial parts - New materials for high - performance ceramics, along with durable and transparent poly
Slide 12: Increase in SSYS Special Tender Offer Price to $20.05
Increase in SSYS Special Tender Offer Price to $20.05 From $18.00 to $20.05 Per Share in Cash To Learn More About Nano’s Vision for Stratasys, As Well As Details of the Tender Offer Visit www.StratasysValueNow.com Contact Georgeson Toll - Free at (877) 668 - 1646 for Information on How to Tender • 5
Slide 13: Q&A
Q&A ©2022 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 13
Slide 14: Appendix
Appendix NANODIMENSION Electrifying Additive Manufacturing”
Slide 15: Reconciliation for Non-IFRS Measures
Reconciliation for Non - IFRS Measures ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 15 EBITDA is a non - IFRS measure and is defined as income before taxes, excluding depreciation and amortization expenses and amortization of
Slide 16: Reconciliation for Non-IFRS Measures
Reconciliation for Non - IFRS Measures ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 16 Amounts in thousands of USD The following are reconciliations of income before taxes, as calculated in accordance with International Finan
Slide 17: Fuel to Become Industry Leader With Capital to Support Growth
Fuel to Become Industry Leader With Capital to Support Growth Multiple of Cash Balance¹ to Annual Net Cash Used in Operating Activities² 1 Including cash, cash equivalents, investment in trading securities, and short and long - term unrestricted bank deposits ([MKFG, DM, VLD] Q4/FY 2022 filings) 0.6
Slide 18: Key Metrics Q1 2023
Key Metrics Q1 2023 Amounts in thousands of USD 3 Excluding expenses related to proxy activity ©2023 Nano Dimension. All Rights Reserved. Distribution, Citation or Copying Without Permission is Strictly Prohibited. 18 Cash Flow Balance Sheet Income Statement Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q