NANO DIMENSION LTD. FORM 6-K - OTC Backend
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NANO DIMENSION LTD.
FORM 6-K
(Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16)
Filed 03/15/18 for the Period Ending 03/15/18
Telephone 00-972-73-7509142
CIK 0001643303
Symbol NNDM
SIC Code 3672 - Printed Circuit Boards
Industry Electronic Equipment & Parts
Sector Technology
Fiscal Year 12/31
http://www.edgar-online.com
© Copyright 2021, EDGAR Online, a division of Donnelley Financial Solutions. All Rights Reserved.
Distribution and use of this document restricted under EDGAR Online, a division of Donnelley Financial Solutions, Terms of Use.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: March 2018
Commission file number: 001-37600
NANO DIMENSION LTD.
(Translation of registrant’s name into English)
2 Ilan Ramon
Ness Ziona 7403635 Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(7):_____
CONTENTS
This Report of Foreign Private Issuer on Form 6-K consists of the Registrant’s press release issued on March 15, 2018, announcing the Registrant’s
financial results for the fourth quarter and full year ended December 31, 2017, which is attached hereto as Exhibit 99.1, and the Registrant’s corporate presentation
which was posted on its website, which is attached hereto as Exhibit 99.2.
The second paragraph and the sections titled “Fourth Quarter 2017 Financial Results,” “Full Year 2017 Financial Results,” “Balance Sheet Highlights,”
and “Forward-Looking Statements,” and the IFRS financial statements in the press release are incorporated by reference into the registration statements on Form F-
3 (File No. 333-217173) and Form S-8 (File No. 333-214520) of the Registrant, filed with the Securities and Exchange Commission, to be a part thereof from the
date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
Exhibit No.
99.1 Press Release issued by Nano Dimension Ltd. on March 15, 2018, announcing its financial results for the fourth quarter and full year ended December
31, 2017.
99.2 Corporate Presentation of Nano Dimension Ltd., dated March 2018.
-1-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Nano Dimension Ltd.
(Registrant)
Date: March 15, 2018 By: /s/ Yael Sandler
Name: Yael Sandler
Title: Chief Financial Officer
-2-
Exhibit 99.1
Nano Dimension Reports Fourth Quarter and Full Year 2017 Financial Results
Conference call to be held today at 09:00 a.m. EDT
Ness Ziona, Israel, March 15, 2018 – Nano Dimension Ltd., a leading additive electronics provider (NASDAQ, TASE: NNDM) , today announced financial
results for the fourth quarter and full year 2017.
Nano Dimension reported revenues of $440,000 (NIS 1,525,000) for the fourth quarter of 2017 and $861,000 (NIS 2,984,000) for the full year 2017. The company
ended the fourth quarter of 2017 with $6,103,000 (NIS 21,159,000) in cash, while total loss for the fourth quarter was $4,202,000 (NIS 14,568,000).
“During the fourth quarter of 2017, after about three years of intensive product development of our 3D printer, inks and software, and after a year of beta testing,
we began commercial sales of our Dragonfly 2020 Pro 3D printer,” said Amit Dror, Chief Executive Officer of Nano Dimension.
“We believe that, as first to market with proprietary additive electronics products and services, we are well positioned to capture the expanding demand for rapid
design and manufacturing of smart, connected products.”
“We expanded our sales team and, recognizing the importance of the U.S. market to our growth and revenue generation, opened a North American headquarters in
Silicon Valley and relocated our Chief Business Officer and Co-Founder Simon Fried to lead our expansion,” remarked Mr. Dror.
“I am very pleased that, concurrent with our first commercial product launch, we opened two Customer Experience Centers and successfully onboarded our first 10
international value-added resellers – an initial channel foundation that we intend to double in number during 2018.”
“During the first quarter of 2018, we added $13.8 million of cash to our balance sheet upon the completion of a public offering. We believe that with this cash
infusion, we have the required financial strength and flexibility to scale sales and marketing globally and to expand our channel reach and presence.”
“We are encouraged by the quality and strength of our growing reseller channel and the positive product performance feedback provided by our customers.
Looking ahead toward the year 2020, we expect revenue CAGR at a rate of 100% and gross profit margin to converge on 50%. With anticipated revenue growth
from DragonFly 2020 Pro 3D printers and materials, we expect that cash use in operations could decline by approximately 50% by 2020,” concluded Mr. Dror.
Fourth Quarter 2017 Financial Results
● Total revenues for the fourth quarter of 2017 were $440,000 (NIS 1,525,000), compared to $46,000 (NIS 175,000) in the fourth quarter of 2016 and $143,000
(NIS 506,000) in the third quarter of 2017. The increase is attributed to commercial sales of the DragonFly 2020 Pro 3D printer that began in the fourth
quarter of 2017.
● Research and development (R&D) expenses for the fourth quarter of 2017 were $2,602,000 (NIS 9,022,000), compared to $2,465,000 (NIS 9,479,000) in the
fourth quarter of 2016 and $2,907,000 (NIS 10,259,000) in the third quarter of 2017. The decrease compared to the third quarter of 2017 was mainly attributed
to a decrease in share-based payment expenses from grants to R&D employees, and a decrease in materials expenses. The decrease in NIS compared to the
fourth quarter of 2016 resulted primarily from a decrease in share-based payment expenses from grants to R&D employees. The expenses in the fourth quarter
of 2017 in USD increased compared to the expenses in the fourth quarter of 2016 in USD due to changes in the exchange rate of the dollar compared to the
NIS.
The R&D expenses for the fourth quarter of 2017 are presented net of government grants in the amount of $14,000 (NIS 49,000).
1
● Sales and marketing expenses for the fourth quarter of 2017 were $772,000 (NIS 2,676,000), compared to $352,000 (NIS 1,352,000) in the fourth quarter of
2016 and $512,000 (NIS 1,806,000) in the third quarter of 2017. The increase compared to the fourth quarter of 2016 was mainly attributed to an increase in
payroll and related expenses. The increase compared to the third quarter of 2017 was mainly attributed to an increase in marketing and advertising expenses.
In the fourth quarter of 2017, we decided to present our sales and marketing expenses separate from other operating expenses. Thus, for comparison we have
reclassified the expenses in previous years.
● General and administrative (G&A) expenses for the fourth quarter of 2017 were $767,000 (NIS 2,658,000), compared to $1,075,000 (NIS 4,135,000) in the
fourth quarter of 2016 and $659,000 (NIS 2,325,000) in the third quarter of 2017. The decrease compared to the fourth quarter of 2016 was mainly attributed
to a decrease in professional services expenses. The increase compared to the third quarter of 2017 resulted primarily from an increase in professional services
expenses.
● Net loss for the fourth quarter of 2017 was $4,202,000 (NIS 14,568,000), or $0.07 (NIS 0.24) per share, compared to $3,858,000 (NIS 14,837,000), or $0.08
(NIS 0.3) per share, in the fourth quarter of 2016 and $4,152,000 (NIS 14,650,000), or $0.06 (NIS 0.22) per share, in the third quarter of 2017.
Full Year 2017 Financial Results
● Total revenues for the full year 2017 were $861,000 (NIS 2,984,000), compared to $46,000 (NIS 175,000) in 2016. The increase is due to additional leases
and sales of our products during 2017.
● R&D expenses for 2017 were $11,233,000 (NIS 38,947,000), compared to $4,038,000 (NIS 15,525,000) in 2016. The increase is mainly a result of the
cessation of the capitalization of development cost in the fourth quarter of 2016.
The R&D expenses for the year are presented net of government grants in the amount of $168,000 (approximately NIS 582,000).
● Sales and marketing expenses for 2017 were $2,267,000 (NIS 7,859,000), compared to $1,005,000 (NIS 3,864,000) in 2016. The increase resulted primarily
from an increase in salaries and related personnel expenses, reflecting an increase in the number of sales and marketing employees and an increase in travel
expenses.
● G&A expenses for 2017 were $3,491,000 (NIS 12,101,000), compared to $3,813,000 (NIS 14,660,000) in 2016. The decrease resulted primarily from a
decrease in salaries and related personnel expenses, reflecting a decrease in options expenses and a decrease in professional services expenses for accounting,
legal, and other G&A activities.
● Net loss for the full year 2017 was $18,173,000 (NIS 63,005,000), or $0.32 (NIS 1.11) per share, compared to $8,965,000 (NIS 34,470,000), or $0.22 (NIS
0.85) per share, in 2016.
Balance Sheet Highlights
● As part of Nano Dimension’s preparations and actual commencement of commercial shipments of its new DragonFly 2020 Pro 3D printer during 2017, the
company increased its work-in-progress and finished goods inventory and ended the year with a combined inventory of more than $2 million. The company
expects a portion of this inventory to convert to revenue in the ordinary course of the coming months.
● Cash totaled $6,103,000 (NIS 21,159,000) as of December 31, 2017, compared to $12,379,000 (NIS 47,599,000) on December 31, 2016. The decrease
compared to December 31, 2016 mainly reflects the proceeds received from the issuance of the company's ordinary shares in the second quarter of 2017, less
the cash used in operations and the cash used for the acquisition of fixed assets during the year ended December 31, 2017. On February 2018, Nano
Dimension announced the closing of a public offering of American Depositary Shares, with a total gross proceeds of $13.8 million.
● Shareholders’ equity totaled $18,166,000 (NIS 62,982,000) as of December 31, 2017, compared to $19,302,000 (NIS 74,218,000) as of December 31, 2016.
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Conference call information
The com pany will host a conference call to discuss these financial results today, March 15, 2018, at 09:00 a.m. EDT (03:00 p.m. IST). Investors interested in
participating are invited to register for the conference call here: http://dpregister.com/10117242 . Dial-in numbers, including a local Israeli number and
instructions, will be provided upon registration. U.S. Dial-in Number: 1-866-777-2509, International Dial-in Number: 1-412-317-5413. Please request the “Nano
Dimension NNDM call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano
Dimension’s website at http://investors.nano-di.com/events-and-presentations.
For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-
di.com/events-and-presentations.
About Nano Dimension Ltd.
Nano Dimension (TASE: NNDM, NASDAQ: NNDM) is a leading additive manufacturing company that is disrupting, reshaping, and defining the future of how
electronics are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly
sophisticated features and rely on printed circuit boards (PCBs). Demand for circuitry, including PCBs - which are the heart of every electronic device - covers a
diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly
from Nano Dimension’s 3D printed electronics solutions for rapid prototyping and short-run manufacturing.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995
and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations
of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current
expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from
those described in or implied by the statements in this press release. For example, we are using forward-looking statements when we discuss that we are well
positioned to capture the expanding demand for rapid design and manufacturing of smart, connected products, doubling our channel foundation, that we have the
required financial strength and flexibility to scale sales and marketing globally and to expand our channel reach and presence , expected revenue CAGR, gross
profit margin, anticipated revenue growth from DragonFly 2020 Pro 3D printers and materials, expected cash use in operations, and converting inventory to
revenue. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the
heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 15, 2018, and in
any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
CONTACT INVESTOR RELATIONS:
Miri Segal-Scharia
CEO
MS-IR LLC
917-607-8654
msegal@ms-ir.com
3
Consolidated Statements of Financial Position as at
Convenience
translation into
US dollars
(NIS
3.467 = $1)
December 31, December 31,
2016 2017 2017
Thousand Thousand Thousand
NIS NIS USD
Assets
Cash 47,599 21,159 6,103
Restricted deposits 500 369 107
Trade receivables 149 325 94
Other receivables 2,979 2,024 583
Inventory - 8,097 2,336
Total current assets 51,227 31,974 9,223
Restricted deposits 425 1,201 346
Property plant and equipment, net 7,712 17,930 5,172
Intangible assets 26,095 23,419 6,755
Total non-current assets 34,232 42,550 12,273
Total assets 85,459 74,524 21,496
Liabilities
Trade payables 2,612 1,775 512
Other payables 4,954 5,836 1,683
Total current liabilities 7,566 7,611 2,195
Liability in respect of government grants 2,420 2,886 833
Other long-term liabilities 1,255 1,045 302
Total non-current liabilities 3,675 3,931 1,135
Total liabilities 11,241 11,542 3,330
Equity
Share capital 5,446 6,682 1,927
Share premium 118,820 169,325 48,839
Treasury shares (5,260) (5,260) (1,517)
Warrants 4,375 203 59
Capital reserve from transactions with controlling shareholders 1,866 1,866 538
Capital reserve for share-based payments 19,575 23,775 6,857
Accumulated loss (70,604) (133,609) (38,537)
Total equity 74,218 62,982 18,166
Total liabilities and equity 85,459 74,524 21,496
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Consolidated Statements of Profit or Loss and Other Comprehensive Income
For the Three-Month Period Ended Convenience
December 31, translation
into US dollars
Convenience (NIS
translation into 3.467 = $1)
US dollars For the Year Ended Year ended
(NIS 3.467 = $1) December 31, December 31,
2016 2017 2017 2016 2017 2017
Thousand Thousand Thousand Thousand Thousand Thousand
NIS NIS USD NIS NIS USD
Revenues 175 1,525 440 175 2,984 861
Cost of revenues 72 979 282 72 1,471 424
Cost of revenues - amortization of
intangible 668 670 193 668 2,676 772
Total cost of revenues 740 1,649 475 740 4,147 1,196
Gross loss (565) (124) (35) (565) (1,163) (335)
Research and development expenses, net 9,479(*) 9,022 2,602 15,525(*) 38,947 11,233
Sales and marketing expenses 1,352(*) 2,676 772 3,864(*) 7,859 2,267
General and administrative expenses 4,135(*) 2,658 767 14,660(*) 12,101 3,491
Operating loss (15,531) (14,480) (4,176) (34,614) (60,070) (17,326)
Finance income 695 322 92 695 366 105
Finance expense 1 410 118 551 3,301 952
Total comprehensive loss (14,837) (14,568) (4,202) (34,470) (63,005) (18,173)
Basic and diluted loss per share (in
NIS/USD) (0.3) (0.24) (0.07) (0.85) (1.11) (0.32)
Basic and diluted loss per ADS (in
NIS/USD) (1.5) (1.18) (0.34) (4.25) (5.57) (1.61)
* Reclassified
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Exhibit 99.2 March 2018 NASDAQ/TASE: NNDM Making Additive Manufacturing Intelligent
2 NASDAQ / TASE : NNDM 2 NASDAQ / TASE : NNDM 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,” “estimates” and similar expressions or variations of such words are intended to identify forward - looking statements . For example, we are using forward - looking statements when we discuss the potential of our products, customer added value, expanding our network of global resellers, our target markets, our 2018 market and channel expansion plans, our strategic growth plan, converting early access and beta users into customers, the size of our total addressable market, our 2018 market and channel expansion plans, moving our sales and operation to Silicon Valley and expanding our sales force, expected recurring revenue growth, and our 2018 - 2020 expected target operating model . Forward - looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain . Such expectations, beliefs and projections are expressed in good faith . However, there can be no assurance that management’s expectations, beliefs and projections will be achieved and actual results may differ materially from what is expressed in or indicated by the forward - looking statements . Forward - looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward - looking statements . For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report for the year ended December 31 , 2016 , filed with the SEC . Forward - looking statements speak only as of the date the statements are made . The Company assumes no obligation to update forward - looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward - looking information except to the extent required by applicable securities laws . If the Company does update one or more forward - looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward - looking statements .
3 NASDAQ / TASE : NNDM 3 NASDAQ / TASE : NNDM DISRUPT. SHAPE. DEFINE. How Smart Products are Made 3 NASDAQ / TASE : NNDM Nano Dimension is the world’s leading additive electronics provider. The company is disrupting, shaping, and defining how electronics are made. With its unique 3D printing technology, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features and rely on encapsulated sensors, antennas and printed circuit boards.
4 NASDAQ / TASE : NNDM 4 NASDAQ / TASE : NNDM Company Overview Listed on the TASE in 2014 and on Nasdaq in 2016 Raised $59 million to date - Developed printer - Developed materials - Established manufacturing - Built organization Since 2016, conducted comprehensive early access trials with Fortune 500 companies Opened two customer experience centers Opening U.S. Headquarters Started commercial shipments of our first product during Q4 2017
5 NASDAQ / TASE : NNDM 5 NASDAQ / TASE : NNDM 5 NASDAQ / TASE : NNDM PRINTING ANTENNAS MINIATURIZING MODULES EMBEDDING ELECTRONIC COMPONENTS WITHIN CIRCUIT BOARDS ENCAPSULATING SENSORS Making Additive Intelligent and Connected
6 NASDAQ / TASE : NNDM 6 NASDAQ / TASE : NNDM We are at the Heart of Industry 4.0 Convergence 6 NASDAQ / TASE : NNDM Mechanical design Additive manufacturing Electronics design & manufacturing Digital production : cloud, big data, AI
7 NASDAQ / TASE : NNDM 7 NASDAQ / TASE : NNDM Our Technology is Breaking Design Barriers High precision inkjet technology Multi material 3 D printing Combining conductive nano - metals & polymers First additive manufacturing for functional 3 D electronics + =
8 NASDAQ / TASE : NNDM 8 NASDAQ / TASE : NNDM We Built Comprehensive Manufacturing Capabilities In - house 3 D printer manufacturing In - house nano ink manufacturing - Capacity to meet future demand Top quality certified ISO14001 and OHSAS18001
9 NASDAQ / TASE : NNDM 9 NASDAQ / TASE : NNDM NASDAQ / TASE NNDM ADR level 3 Ratio: 1:5 Total funding to date $59M Market Cap $41M* Shares outstanding 62M ** (equivalent to 12.4M ADS) Public float ≈ 78 % ** Cash $ 6.1 M ** no debt Select Financial Data * As of March 13 , 2018 ** As of December 31 , 2017 *** Officers, Directors and over 5 % shareholders 78 % 22% Public float 78% Interested parties’ holdings *** 22% **
10 NASDAQ / TASE : NNDM 10 NASDAQ / TASE : NNDM Case Study 1 : In - Mold Electronics In - mold electronics Variety of HMI applications Automotive, IoT, wearables and consumer electronics Rapid prototyping that is ready in hours instead of weeks Short - run manufacturing up to 100,000 economically Up to 80 % design cycle - time reduction Link to Video: https://www.youtube.com/watch?v=aakciTeO 8 QU
11 NASDAQ / TASE : NNDM 11 NASDAQ / TASE : NNDM Case Study 2 : Functional Circuit Boards Functional multilayered PCBs Variety of smart products Automotive & consumer electronics Rapid prototyping that is ready in hours instead of weeks Short - run manufacturing up to 100,000 economically Up to 80% design cycle - time reduction Link to Video: https://www.youtube.com/watch?v=jV 5 gCNDlpco
12 NASDAQ / TASE : NNDM 12 NASDAQ / TASE : NNDM We Deliver Tangible Customer Value Increase design power Protect IP Accelerate time to market Improve efficiency
13 NASDAQ / TASE : NNDM 13 NASDAQ / TASE : NNDM Open - Ended Growth Potential INDUSTRY VERTICALS • Defense • Automotive • Industrial • Aerospace • Consumer electronics & IoT • Telecom • Medical devices RESEARCH INSTITUTES • Academic institutions and universities • Research & innovation centers ADDITIVE SERVICES • Additive service bureaus • PCB service bureaus • In - house print services
14 NASDAQ / TASE : NNDM 14 NASDAQ / TASE : NNDM Total Addressable Market Additive Manufacturing industry analysts predict that 3 D printed electronics is likely to be the next high - growth application for product innovation, with its market size forecasted to reach $ 2.8 billion by 2025 * * Source: SmarTech Publishing, 2016 * 0 500 1000 1500 2000 2500 3000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenues Forecast - 3D Printed Electronics (USD Millions)
15 NASDAQ / TASE : NNDM 15 NASDAQ / TASE : NNDM SEE WHAT OUR CUSTOMERS SAY ABOUT US Adopted by Leading Fortune 500 Companies “We were so impressed with Nano Dimension’s 3 D printers that we quickly moved to make them central to our entire digital infrastructure.” - Bodo Huber, CEO of PHYTEC “Demonstrate double - sided, multi - layer circuits, with no - touch manufacturing labor. Such development is planned to lead to cost reductions of $400K per small satellite, thus providing enormous market capabilities for both entities.” - Space Florida, Harris Corporation collaboration with Nano Dimension “There is a lot of enthusiasm around the DragonFly 2020 Pro 3D Printer in terms of technological breakthrough, and how it can radically change development processes. Our objective is to use the system to simplify workflows and design increasingly complex parts – which will include PCBs and embedded circuits – with many more functions than are possible with traditional manufacturing techniques.” - Olivier Vancauwenberghe , Sensor Research Manager at Safran Tech
16 NASDAQ / TASE : NNDM 16 NASDAQ / TASE : NNDM 2018 Market and Channel Expansion Plans Expand global marketing and sales team MARKETING MULTI - CHANNELS Double our global resellers network NNDM CEC, California Intensify trade show and open house activities Build second channel through additive and PCB service bureaus Open multiple Customer Experience Centers Form strategic alliances with industry leaders
17 NASDAQ / TASE : NNDM 17 NASDAQ / TASE : NNDM We are Expanding Our Global Coverage Resellers Customers Headquarters March 2018 Footprint
18 NASDAQ / TASE : NNDM 18 NASDAQ / TASE : NNDM First 3 D Printed Electronics as a Service We have launched the first digital manufacturing service for on - demand electronics smart products, prototypes and short - run production. Our manufacturing capabilities allow us to produce professional - grade printed circuitry, encapsulated sensors and printed antennas within days. Nano Dimension digital services accelerate time - to - market and deliver valuable services across the entire product life cycle.
19 NASDAQ / TASE : NNDM 19 NASDAQ / TASE : NNDM Experienced Leadership Team Zeev Bregman Advisory Board Itschak Shrem Co - Chairman of the Board Shlomo Magdassi Advisory Board Avi Reichental Co - Chairman of the Board Ofir Baharav Director Yael Sandler CFO Amit Dror CEO and Co - Founder Simon Fried US President, CBO and Co - Founder Hila Elimelech VP Materials Avi Shabtai VP R&D Shachar Kedem VP Customer Care
20 NASDAQ / TASE : NNDM 20 NASDAQ / TASE : NNDM The Nano Dimension Difference DOMAIN EXPERTISE CHANNEL ACCESS TECHNOLOGY PLATFORM QUALITY EXPERIENCE HARDWARE CONSUMABLES SOFTWARE SERVICES
21 NASDAQ / TASE : NNDM 21 NASDAQ / TASE : NNDM Bridging the Mechatronics Gap with SolidWorks Add - In Link to Video: https://www.youtube.com/watch?v=rj4PsbFtuVM • We partnered with Dassault Systemes SOLIDWORKS to deliver a first - of - its - kind add - in for embedded electronics design and printing using the DragonFly 2020 Pro 3 D printer. • The add - in empowers designers to select conductive and dielectric materials and combine them into a single structure to print complex geometric structures with embedded electronics.
22 NASDAQ / TASE : NNDM 22 NASDAQ / TASE : NNDM Strategic Growth Plan Current State Monetize commercially available products and services for additive electronics design 01 Horizon 1 Deliver higher speed production grade additive electronics systems and more materials 02 Horizon 2 Deliver hybridized capabilities that combine mechanical functionality within electrified geometries 03
23 NASDAQ / TASE : NNDM 23 NASDAQ / TASE : NNDM Growing Opportunities Funnel • Successfully concluded year - long beta program with tier - 1 users • Converted beta users into customers • Launched first commercial product 11/2017, already sold 8 systems • Opened 2 Customer Experience Centers to support our sales growth • Gaining new prospects and customers • Doubling our coverage in 2018 from 10 to 20 resellers • Moving our sales operation to Silicon Valley and expanding our sales force
24 NASDAQ / TASE : NNDM 24 NASDAQ / TASE : NNDM Recurring Revenue Model Razors and blades: As the install base of printers grows, the portion of recurring revenues from consumables increases significantly yr 1 yr 2 yr 3 yr 4 yr 5 Consumable revenues Printer revenues 100 % 100% 100% 100% 100%
25 NASDAQ / TASE : NNDM 25 NASDAQ / TASE : NNDM Expected Target Operating Model 2018 - 2020 We expect a revenue CAGR of at least 100% We expect a gross profit margin of 50 % * We expect cash used in operations to decline by approximately 50 % by 2020 *Excluding cost of revenues derived from amortization of intangible assets
26 NASDAQ / TASE : NNDM 26 NASDAQ / TASE : NNDM Summary Unmatched product portfolio Innovative business model Significant technology strength Focused growth initiatives Open - ended growth opportunities Experienced management team
27 NASDAQ / TASE : NNDM 27 NASDAQ / TASE : NNDM Copyright © 20 ϭϴ Nano Dimension Ltd. Nano Dimension, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Dimension. Printed March 2018 DragonFly™ Follow us: @nanodimensiontech @ 3 Dpcb www.nano - di.com NASDAQ: NNDM THANK YOU
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