Slide 1: FY23 Results Presentation
Manufacturing innovation made reality FY23 Results Presentation 1 September 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. Progress on Strategic Initiatives 2. FY23 Highlights 3. FY23 Financial Results 4. Operational Update 5. Company Outlook 3
Slide 4: Progress Made in Strategic Core Commercialisation Initiatives
Progress Made in Strategic Core Commercialisation Initiatives 1 Grow customer revenue 2 Reduce costs and dependency on tax incentives and optimize grants 3 Educate the market on cold spray technology 4 Scale all revenue-generating activities across all active regions 4
Slide 5: Progress Made on Strategic Initiatives… Grow customer revenue
Progress Made on Strategic Initiatives… 1 Grow customer revenue Strategic Initiatives 1 & 2 1 • *FY22 customer receipts was skewed by 2 Reduce costs and dependency on tax incentives and optimize grants the AUD 2.2 million TKF 1000 sale to TWI, UK. FY20 FY21 FY22 FY23 $’000 $’000 $’000 $’000 • **FY23
Slide 6: Progress Made on Strategic Initiatives
Progress Made on Strategic Initiatives 3 Educate the market on cold spray technology Strategic Initiatives 3 & 4 1 • Titomic is now creating a higher volume 4 Scale all revenue-generating activities across all active regions of parts for clients. FY20 FY21 FY22 FY23 • Enable the cold spray market by
Slide 7: FY23 Highlights – A challenging and successful year
FY23 Highlights – A challenging and successful year Financials • Total revenue of AUD 4.5m despite Neos shortfall, Repkon delay, and delay of sale to Sabanci University • Raised AUD 5.1m before costs through institutional placement and significant investment by Repkon of AUD 2.2m (December 2022) Cap
Slide 8: FY23 Financial Results
FY23 Financial Results
Slide 9: Profit & Loss
Profit & Loss FY23 FY22 Earnings Summary $’000 $’000 Revenue 4,450 5,321 Less Expenses (18,830) (22,293) Profit (loss) before Income Tax (14,380) (16,972) Less Tax - - Net profit (loss) After Tax (14,380) (16,972) 9
Slide 10: Cash flow and balance sheet
Cash flow and balance sheet FY23 FY22 Statement of Cash Flows $‘000 $‘000 Net cash used in operating activities (7,702) (10,161) Net cash used in investing activities (2,785) (1,962) Net cash from financing activities 4,850 11,324 Net decrease in cash and cash equivalents (5,637) (799) FY23 FY22 Sta
Slide 11: FY23 Operational Update
FY23 Operational Update
Slide 12: Further narrowed commercial focus
Armaments Ballistic Protection Structures Additive Manufacturing Tooling Metal Restoration Wear Resistance Corrosion Protection Coating & Repair Further narrowed commercial focus Radiation Shielding 12
Slide 13: Scaling all revenue-generating activities across all active regions
Scaling all revenue-generating activities across all active regions Global production, supply and service network to meet our customer’s needs with 11 resellers across USA, Titomic Europe Titomic-Repkon & Reseller Pursuing Joint Ventures (Tooling) Titomic Resellers - Asia Titomic USA Titomic Reselle
Slide 14: Defined product and solutions portfolio to target customers
Defined product and solutions portfolio to target customers TKF Custom 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 co
Slide 15: Route to markets enabling growth in all regions
Route to markets enabling growth in all regions Systems and consumables, with multiple routes to market. Routes to Market System sale to JV company Solution Offering Ongoing revenue stream of powders and Joint Ventures consumables Actively pursuing an additional 2 Broad range of machine solutions +2
Slide 16: Proven track record of execution
Proven track record of execution Performance to plan with progress across focus applications Category Application Prior to FY2022 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 Validate Technology Custom system design System install Armaments JV Agreement with Repkon System build JV Registered JV Product
Slide 17: Trusted by a global, growing customer base
Trusted by a global, growing customer base 17
Slide 18: Titomic Remains Optimistic for FY24
Titomic Remains Optimistic for FY24 3 Steps to Success 1. Reduced ongoing costs by 30% 2. Successful capital raise 3. Accelerate commercialisation through successful sales a) Pipeline at record size and expanding b) Reseller network growing rapidly c) Clearly defined and efficient marketing d) Defin
Slide 19: Q&A Thank you for attending
Q&A Thank you for attending Titomic Limited, Ground Floor 365 Ferntree Gully Road, Mount Waverley, Victoria 3149, Australia PO Box 225, Mount Waverley, Victoria 3149, Australia
Slide 20: Appendices
Appendices
Slide 21: Leadership with proven industry experience
Leadership with proven industry experience A combined 165 years of cold spray experience across the staff and board Board of Directors Humphrey Nolan Mira Ricardel Andreas Schwer Dag Stromme Richard Willson Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director N
Slide 22: 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 23: Structures – Additive Manufacturing
Structures – Additive Manufacturing 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 receive
Slide 24: Coating & Repair
Coating & Repair Titomic extending asset life Why? Done Next • Huge market opportunity of $53b • Expansion 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 Europ
Slide 25: Glass Mould Solution
Glass Mould Solution DuraMoldTM 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 • Successful site accep
Slide 26: Armaments & Tooling
Armaments & Tooling Titomic enabling high performance, rapid manufacturing. Armaments 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 config
Slide 27: 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