Slide 1: Financial Results Q1 2024
Financial Results Q1 2024 XTPL S.A. May 23, 2024
Slide 2: Executive summary
Executive summary PLN 2.7 million ▪ Taking another – fourth – industrial project to Stage 4: construction of a prototype device sales of products and services in Q1 2024 (-8% YoY) containing the XTPL module for a global partner from China operating in the FPD industry 96% share in total revenues vs.
Slide 3: Agenda
Agenda 01 Financial Results for Q1 2024 02 Technology and Business Q1 2024 03 Outlook and Summary 3
Slide 4: Financial Results Q1 2024
01 Financial Results Q1 2024 4
Slide 5: Strong growth in commercial revenues in recent years – summary of Q1 2024
Strong growth in commercial revenues in recent years – summary of Q1 2024 * figures in PLN thousand ▪ 4 DPS devices delivered and settled in Q1 2024 – 2-fold increase in this line year-on-year Revenues from the Commercial sales of commercial sales of products and services ▪ A slight decline in reven
Slide 6: Financial Results – summary for Q1 2024
Financial Results – summary for Q1 2024 ▪ Lower revenues from products and services (-8%) in Q1 2024 YoY mainly due to the lack of significant revenues from R&D * figures in PLN thousand services ▪ 4 DPS devices delivered in Q1 2024; return to Q1 2024 Q1 2023 regular seasonality of DPS orders compar
Slide 7: Cash flows – summary Q1 2024
Cash flows – summary Q1 2024 * figures in PLN thousand 35 000 668 228 2 744 30 000 565 691 1 318 1 603 25 000 20 000 7 322 15 000 27 275 10 000 19 416 5 000 0 01.01.2024 sprzedaż amortyzacja depreciation dotacje grants pozostałe other kapitał working cost of koszt investing przepływy operating koszt
Slide 8: Grant project under way and recommended funding
Grant project under way and recommended funding An international technological project with the participation of XTPL to develop a new technology for manufacturing microLED displays using selected additive techniques, including the Company’s UPD technology. ▪ implementation period: 24 months from 20
Slide 9: Technology and Business Q1 2024
02 Technology and Business Q1 2024 9
Slide 10: Global commercialization of the XTPL portfolio
Global commercialization of the XTPL portfolio XTPL successfully commercializes its products in An effective commercialization model 21 countries now and conducts technology evaluations at global players in the printed Own sales and global distribution of electronics sector. proprietary products Mod
Slide 11: Intensification of activities to gain stronger foothold in the United States
Intensification of activities to gain stronger foothold in the United States Launch of the first Demo Center Experienced Managing Director Another sale of a DPS device for North America ▪ Preparations for launching the first foreign ▪ Urs Berger hired early in 2024 ▪ Fourth sale of a DPS device in t
Slide 12: Continued commercialization of solutions with the support from international partners
Continued commercialization of solutions with the support from international partners 12 DISTRIBUTORS OF XTPL SOLUTIONS USA EMEA ASIA CWI Technical SEMITRONICS VERTEX YI XIN Sales UK and Ireland India China and Hong Kong Trident Ontos Equipment MERCONICS Electronics 3H Corporation System Technologie
Slide 13: A well-crafted portfolio that meets the needs of global clients
A well-crafted portfolio that meets the needs of global clients XTPL is engaged in continuous R&D that increases the functionality and potential of individual business lines. A greater commercialization of any business line drives growth in other lines Modules for industrial Delta Printing System Hi
Slide 14: Pipeline of geographically diversified projects of industrial implementations
Pipeline of geographically diversified projects of industrial implementations, exceeding the target PLN 100 million Illustrative process of industrial implementation of the XTPL technology STAGE 0 STAGE 1 STAGE 2 STAGE 3 STAGE 4* STAGE 5 Development of Initial contact and Technology Technology Proto
Slide 15: Achievements in four most advanced industrial projects at key Stage 4
Achievements in four most advanced industrial projects at key Stage 4 Illustrative diagram of Stage 4 – work on a prototype of an industrial device, uniqueness of each project /a /b /c /d /e /f /g Working out the Production and Physical integration Initial machine start- Delivery, launch and After t
Slide 16: Accelerated sales of the Delta Printing System
Accelerated sales of the Delta Printing System – commercialization in Q1 2024 Selected users of the Delta Printing System: ▪ 26 Delta Printing System (DPS) devices ordered in total* ▪ 4 DPSs delivered to customers in Q1 2024 ▪ 1 DPS order in Q1 2024 for another industrial customer from the USA ▪ con
Slide 17: Significant milestones in HPM (nanoinks) – commercialization in Q1 2024
Significant milestones in HPM (nanoinks) – commercialization in Q1 2024 HPM (nanoinks) sales Q1 2024 2023 8% 3% 17% 33% 58% 80% ▪ 12 orders in Q1 2024 and 105 since the start of commercialization of nanoinks (HPM) EMEA USA Asia from EMEA, USA and Asia ▪ 16 returning clients since the beginning of in
Slide 18: Further development of technology to keep the solutions unique
Further development of technology to keep the solutions unique – summary of Q1 2024 Key achievements and progress in research & development in Q1 2024: Microdots printing with single channel printing speed benchmark of 8,3 dots per second ; dot diameter: 8 - 10 μm ▪ Development of high-concentration
Slide 19: Marketing activities to support brand recognition and commercialization
Marketing activities to support brand recognition and commercialization of XTPL solutions Key marketing activities aimed at long-term positioning of the Company on the global electronics market and increasing sales opportunities: ▪ unveiling of the new xtpl.com website ▪ image and corporate visual i
Slide 20: Further expansion of the patent cloud – Q1 2024 summary
Further expansion of the patent cloud – Q1 2024 summary Intellectual property is one of the key competitive advantages of XTPL. XTPL’s global solutions are being systematically secured by expansion of the patent cloud with protection obtained from the moment of patent submission Patent groups of sub
Slide 21: Outlook and Summary
X19 03 Outlook and Summary
Slide 22: A precise plan for sales Strategy execution
A precise plan for sales Strategy execution PLN 100 million in revenues from the sale of products and services by the end of 2026 on the back of a plan underpinned by targeted sales activities in three business lines Estimated share of revenues from PLN 100 million in revenues from the sale of produ
Slide 23: Strategy is on track
Strategy is on track The development Strategy is aimed at scaling XTPL up from a mature business with an R&D profile to a leading deep tech company specializing in ultra-precise nanoprinting technology that is being commercialized together with the world’s leading manufacturers of advanced electroni
Slide 24: Summary
Summary XTPL is a global player in the rapidly growing printed electronics market, with a disruptive technology, an interdisciplinary team of experts, the ambition to increase commercial sales 10 times by the end of 2026 and the outlook for continued growth. XTPL technology saves time, materials and
Slide 25: Q&A
X19 Q&A
Slide 26: Disclaimer
Disclaimer This presentation has been prepared by XTPL S.A. (“Company”) for Any copying, distribution or dissemination of this presentation the sole purpose of giving an introduction on the business of the requires the Company's consent. Any person wishing to undertake Company. the above activities
Slide 27: Thank you
Thank you XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com Contact for investors: investors@xtpl.com Małgorzata Młynarska Mardoniusz Maćkowiak Investor Relations Manager, cc group Financial Communications Manager, cc group malgorzata.mlynarska@ccgroup.pl mardoniusz.mackowiak@ccgroup.pl +48,