Xtpl Sa · GPW:XTP
Xtpl Sa — Q1 2018 Earnings Presentation
44 slides from Xtpl Sa's earnings presentation, May 15, 2018
Slide 1: XTPL S.A. – Investors' Presentation Q1 2018
shaping global nanofuture XTPL S.A. – INVESTORS’ PRESENTATION Q1 2018 Dr. Filip Granek, CEO Maciej Adamczyk, COO Date: 15 - 05 -2018 xt-pl.com
Slide 2: Overview
OVERVIEW xt-pl.com 2
Slide 3: Who are we?
WHO ARE WE? XTPL S.A. is a company operating in the nanotechnology segment. The interdisciplinary team of XTPL develops on a global scale an innovative technology, protected by international patent application, enabling ultra- precise printing of nanomaterials. XTPL’s solution has all the features o
Slide 4: What is our goal?
WHAT IS OUR GOAL? Mission: XTPL is the leader in providing nanoprinting capabilities. We are shaping global nanofuture. Vision: We will support companies to outperform on their markets by using XTPL’s unique expertise & solutions in nanoprinting. xt-pl.com 4
Slide 5: What is our strength?
WHAT IS OUR STRENGTH? TECHNOLOGY BUSINESS interdisciplinary, well-balanced business leaders & highly skilled team, with vast knowledge & professionals who possess know- experience in: how & experience in: • chemistry • product development • physics • marketing & communication • electronics • impleme
Slide 6: What is our solution?
WHAT IS OUR SOLUTION? Nanoprinting system designed by XTPL makes it possible to precisely apply to the printing surface a special ink specifically formulated for this purpose in the company’s laboratories. Under the influence of an external electric field, the nanoparticles in the ink create conduct
Slide 7: Technology overview
TECHNOLOGY OVERVIEW Advanced characterization -@2. ba — 2 Printed nanometric conductive lines i) 1 Nano-basec inks formulation X TPL
Slide 8: Nanoprinting
NANOPRINTING nanometric conductive line human hair nanometric conductive line human hair XTPL XTPLAgAgLine Line nanoprinting may soon revolutionise sectors such as: ultra-precise printing enables achieving conductive lines up printed electronics, solar cells, touch screens, wearable to several hundr
Slide 9: XTPL's printing process
XTPL’s PRINTING PROCESS During the process of line formation, the printing head deposits a properly An external alternating electric field causes nanoparticles to assemble in a clearly formulated ink - nanoparticles in a mixture of solvents - on a non-conductive defined and controlled way to form a
Slide 10: XTPL's printing process
XTPL’s PRINTING PROCESS Functionality of the lines: electrically conductive, optically, biologically and chemically active Nanomaterials: metallic & semiconductor Line width: from 100 nm to 3 μm Line length: up to cm range Aspect ratio: 1, in the single run of the printing head Very low voltage appl
Slide 11: XTPL's printing process compared to other methods
XTPL’s PRINTING PROCESS COMPARED TO OTHER METHODS XTPL METHOD xt-pl.com 10
Slide 12: Protected intellectual property
PROTECTED INTELLECTUAL PROPERTY XTPL's printing method and the ink formula are covered by the patent application submitted in collaboration with Unique nano-ink Printing head the British law firm, Gill Jennings & Every LLP. The patent protection will be extended to around 30 countries. Patent cloud
Slide 13: Application segments
APPLICATION SEGMENTS xt-pl.com 11
Slide 14: Application segments
APPLICATION SEGMENTS OPEN DEFECT REPAIR - removing broken metallic links for: BIOSENSORS • solar cells • displays TFT/LCD/OLED PRINTED ELECTRONICS • integrated circuits (IC) • printed circuit boards (PCB) • multichip modules (MCM) • photolithographic masks SMART PACKAGING SOLUTIONS WEARABLES TRANSPA
Slide 15: Application segments
X TPL APPLICATION SEGMENTS
Slide 16: Open defect repair – removing local defects in metallic links
OPEN DEFECT REPAIR – REMOVING LOCAL DEFECTS IN METALIC LINKS • micro- and nano-conductive structures are indispensable in the broadly understood electronics • the most common production defects in producing such micro- and nano-structures are: o breaking of conductive paths due to local lack of cond
Slide 17: Open defect repair - current standard
OPEN DEFECT REPAIR - CURRENT STANDARD LCVD (Laser Chemical Vapour Deposition), DLD (Direct Laser Deposition), FIB (Focused Ion Beam) extremely complex (LCVD, FIB) limited possibility to obtain 10 µm and less (LCVD, DLD); Current No alternative…? destruction of the active systems in integrated circui
Slide 18: Open defect repair - XTPL's value proposition
OPEN DEFECT REPAIR - XTPL’S VALUE PROPOSITION REQUIREMENTS increased total length of the conductive ADVANTAGES lines XTPL’S TECHNOLOGY allows for low cost repair There is a demand for cost-effective repair of the severed will address those lines a new technology requirements does not require any tox
Slide 19: Open defect repair – removing local defects in metallic links
OPEN DEFECT REPAIR – REMOVING LOCAL DEFECTS IN METALIC LINKS There is a demand for a new technology for repairing XTPL’s technology will address those requirements by damaged conductive structures eliminating all the disadvantages of current methods xt-pl.com 13
Slide 20: Open defect repair - comparison of methods
OPEN DEFECT REPAIR - COMPARISON OF METHODS FIB LCVD XTPL* Impact on Parameter (initial lab results) Minimal feature size [um] < 0.05 >5 0.2 – 1 flexibility of process Deposition rate [um3/s] 0.05 10 50 throughput Maximal line length <100 um mm range cm range flexibility of process Vacuum chamber req
Slide 21: Transparent conductive films (TCF)
TRANSPARENT CONDUCTIVE FILMS (TCF) • TCF layers are used in the production of displays, solar cells and touch screens • Currently, the most commonly used TCF layers are based on indium-tin oxide (ITO). • Layers based on ITO are not flexible (a significant limitation for electronics manufacturers), t
Slide 22: Transparent conductive films – current standard
TRANSPARENT CONDUCTIVE FILMS – CURENT STANDARD multistep, complicated process Current technology low optical transparency & low conductance No alternative…? lack of flexibility expensive – based on rare element - idium yes ! there is xt-pl.com 18
Slide 23: Transparent conductive films - XTPL's value proposition
TRANSPARENT CONDUCTIVE FILMS - XTPL’S VALUE PROPOSITION ADVANTAGES Operation of displays, REQUIREMENTS full transparency solar cells, touchscreens XTPL has developed highest conductance or smartphones include such technology and is excellent conductance parameters parameters among others currently i
Slide 24: Printed electronics
PRINTED ELECTRONICS • printed electronics will favor the spread of cheaper, energy-efficient electronics for applications such as: o flexible displays, o touch screens, o smart labels, o active clothing, o and others • the value of this market is estimated at approx. USD 9.3 billion • in 2027, the f
Slide 25: Financial results
FINANCIAL RESULTS xt-pl.com 25
Slide 26: P&L
P&L The name of the position Q1 2017 (PLN '000) Q1 2018 (PLN '000) A. Net revenues from sales and equivalent, including: 442,59 779,65 - from subsidiaries and affiliates 0,00 0,00 I. Net sales revenues (including subsidies) 442,59 779,65 B. Operating expenses 1 176,51 1 645,63 I. Depreciation and am
Slide 27: Cash flow
CASH FLOW Q1 2017 (PLN '000) Q1 2018 (PLN '000) A. Cash flows from operating activities I Net profit (loss) -736,53 -841,47 II. Total adjustments 76,23 -9,71 1. Depreciation and amortisation 112,10 116,06 2. Profit (loss) due to exchange differences 0,00 0,00 3. Dividend and share in profits 0,00 -2
Slide 28: Stock quotations
STOCK QUOTATIONS On 16 April 2018 the Extraordinary Meeting of the Shareholders of the Company adopted a resolution on seeking admission and introduction of the Company’s shares to the regulated marked operated by Giełda Papierów Wartościo-wych w Warszawie S.A. [Warsaw Stock Exchange]. The intention
Slide 29: Shareholding structure
SHAREHOLDING STRUCTURE XTPL’s founders, Filip Granek and Sebastian Młodziński, as well as the investor Konrad Pankiewicz (who finances the company through the company Leonarto) control more than 50% of votes at the General Meeting. The shareholding structure also includes two German investment funds
Slide 30: Highlights in Q1 2018
HIGHLIGHTS IN Q1 2018 xt-pl.com 29
Slide 31: Wiesław Rozłucki joins XTPL's Supervisory Board
WIESŁAW ROZŁUCKI JOINS XTPL’S SUPERVISORY BOARD In connection with the resignation of Mr Piotr Janczewski, on 16 April 2018 the Extraordinary Meeting of the Shareholders of the Company appointed Mr Wiesław Rozłucki, the former president and cofounder of the Warsaw Stock Exchange (GPW) as a member of
Slide 32: Decision of the EGMS on the change of the listing market
THE DECISION OF THE EGMS OF THE COMPANY ON THE CHANGE OF THE LISTING MARKET On 16 April 2018 the Extraordinary Meeting of the Shareholders of the Company adopted a resolution on seeking admission and introduction of the Company’s shares to the regulated marked operated by Giełda Papierów Wartościo-w
Slide 33: Commencement of development works on the beta version of the laboratory printer
COMMENCEMENT OF DEVELOPMENT WORKS ON THE BETA VERSION OF THE LABORATORY PRINTER Based on the results from (internal) alpha testing conducted in the last months of 2017 at the Issuer’s application laboratory, as well as the feedback on the needs of potential customers collected by the Issuer’s busine
Slide 34: Intensification of business development activities
INTENSIFICATION OF BUSINESS DEVELOPMENT ACTIVITIES In Q1 2018 business development team worked intensively to build a solid pipeline in two areas: • sale of laboratory printers (research & prototyping segment) - product dedicated for R&D centers, both scientific and commercial (in the pipeline over
Slide 35: Establishment of the marketing and public relations department
ESTABLISHMENT OF THE MARKETING AND PUBLIC RELATIONS DEPARTMENT Beginning January 2018, the Company has established a marketing and public relations department. The new department is headed by Marta Jankiewicz - manager with many years of experience in the field of marketing and communication, busine
Slide 36: Future goals
FUTURE GOALS xt-pl.com 34
Slide 37: Stages of commercialization
STAGES OF COMMERCIALIZATION STAGE I (completed) STAGE II (underway) STAGE III Sale of equipment to R&D centers & conclusion of Sale of the industrial equipment and provision of Prototype development. JDAs. the complexed solutions. • MVP on offer (minimum viable product) in the form of a lab printer
Slide 38: Implementation status of goals for the public offer
IMPLEMENTATION STATUS OF GOALS FOR THE PUBLIC OFFER Task Current state Set up of Business Development • Two business development leaders recruited (start: October/November) Department, Sales Department and other • ID TechEX market survey done, April 2017 marketing activities • Participation in IDTec
Slide 39: Most important strategic actions planned
MOST IMPORTANT STRATEGIC ACTIONS PLANED ACTION TIMING Assembly & internal complex test of β-version printer Q1 2018 JDA with mature players in verified application segments - leading to industrial implementation in the future 2018 Initiation of Advisory Board H1 2018 Patent family development 2018 T
Slide 40: XTPL Submicron Lab Printer – β-version concept
XTPL SUBMICRON LAB PRINTER – β-VERSION CONCEPT Lab Printer β-version will allow for: • validation of the technology • showcasing it to the research & development departments of prospective customers • building technological relationships • customers to create prototypes • defining other potential us
Slide 41: Worldwide recognition
WORLDWIDE RECOGNITION “We would consider “…if successfully “…unique and very “…make a clear value the implementation scaled, would fit attractive feature proposition for this of the XTPL very well into the for next generation market segment.” technology…” Technological silicon solar cells.” Roadmap…
Slide 42: Selected awards & grants
SELECTED AWARDS & GRANTS WINNER FINALIST GRANT THE ECONOMY AWARD OF THE CLIMATE VENTURE SME INSTRUMENTS PRESIDENT OF THE REPUBLIC OF SUMMIT POLAND ANDRZEJ DUDA 2017 IDTECHEX PRINTED ELECTRONICS RPO TECHNICAL DEVELOPMENT INPHO MANUFACTURING AWARD VENTURE SUMMIT NCBR FAST PATH MIT ENTERPRISE FORUM POL
Slide 43: Summary – most important assets
SUMMARY – MOST IMPORTANT ASSETS Great Global Strong Clear Market technology team strategy response 40
Slide 44: Thank You
investors@xt-pl.com M. +48 717 072 204 XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xt-pl.com Thank You