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 2019

 

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 14, 2019,  announcing the Registrant’s financial results for the fourth quarter and full year ended December 31, 2018, 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 2018 Financial Results,” “Full Year 2018 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and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.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 14, 2019, announcing its financial results for the fourth quarter and full year ended December 31, 2018.
     
99.2   Corporate Presentation of Nano Dimension Ltd., dated March 2019.

 

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 14, 2019 By: /s/ Yael Sandler
  Name: Yael Sandler
  Title: Chief Financial Officer

 

 

2

 

 

Exhibit 99.1

 

 

Nano Dimension Reports Fourth Quarter and Full Year 2018 Financial Results

 

Conference call to be held today at 9:00 a.m. EDT

 

Ness Ziona, Israel, March 14, 2019 – Nano Dimension Ltd., a leading additive electronics provider (NASDAQ, TASE: NNDM) , today announced financial results for the fourth quarter and full year 2018.

 

Nano Dimension reported revenues of $1,705,000 for the fourth quarter of 2018 and $5,100,000 for the full year 2018. The company ended the fourth quarter of 2018 with $3,753,000 in cash, while total loss for the fourth quarter was $3,967,000.

 

“Our organization and sales infrastructure continue to improve every day, and with it our expectation and confidence in our ability to deliver on our growth plans. In 2019, we expect to triple our revenue, with 14 to 15 million dollars in revenue for the full year,” said Amit Dror, Chief Executive Officer of Nano Dimension. “Our main goal is to increase our market share. Another goal we set for 2019 is to increase the value for customers and we plan to achieve that by increasing the range of applications, benchmarks and features supported by our system. We believe that by executing on our plan to achieve these goals we will manage to meet our growth targets, prepare for further growth and also improve our gross margin.”

 

Fourth Quarter 2018 Financial Results

 

Total revenues for the fourth quarter of 2018 were $1,705,000, compared to $427,000 in the fourth quarter of 2017 and $1,672,000 in the third quarter of 2018. The increase is attributed to commercial sales of the DragonFly Pro 3D printer that began in the fourth quarter of 2017.
   

Research and development (R&D) expenses for the fourth quarter of 2018 were $2,021,000, compared to $2,555,000 in the fourth quarter of 2017 and $2,129,000 in the third quarter of 2018. The decrease, both compared to the third quarter of 2018 and compared to the fourth quarter of 2017, was mainly attributed to a decrease in payroll and related expenses, and a decrease in materials expenses. The R&D expenses for the fourth quarter of 2018 are presented net of government grants in the amount of $4,000.

 

Sales and marketing expenses for the fourth quarter of 2018 were $1,220,000, compared to $761,000 in the fourth quarter of 2017 and $1,167,000 in the third quarter of 2018. The increase compared to the fourth quarter of 2017 was mainly attributed to an increase in payroll and related expenses and marketing and advertising expenses. The increase compared to the third quarter of 2018 was mainly attributed to an increase in travel and other sales and marketing expenses.

 

General and administrative (G&A) expenses for the fourth quarter of 2018 were $685,000, compared to $777,000 in the fourth quarter of 2017 and $685,000 in the third quarter of 2018. The decrease compared to the fourth quarter of 2017 is mainly a result of decrease in professional services expenses, and a decrease in directors’ fees. 

 

Net loss for the fourth quarter of 2018 was $3,967,000, or $0.04 per share, compared to $4,160,000, or $0.07 per share, in the fourth quarter of 2017 and $3,628,000, or $0.04 per share, in the third quarter of 2018. 

 

1

 

 

  Full Year 2018 Financial Results

 

Total revenues for the full year 2018 were $5,100,000, compared to $829,000 in 2017. The increase is due to additional sales of our products during 2018.
   
R&D expenses for 2018 were $8,623,000, compared to $10,819,000 in 2017. The decrease is mainly a result of a decrease in payroll and related expenses, as well as materials expenses. The R&D expenses for the year are presented net of government grants in the amount of $42,000.

 

Sales and marketing expenses for 2018 were $4,259,000, compared to $2,183,000 in 2017. 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 marketing and advertising expenses.
   
G&A expenses for 2018 were $3,002,000, compared to $3,363,000 in 2017. The decrease resulted primarily from a decrease in professional services expenses, as well as a decrease in directors’ fees.
   
Net loss for the full year 2018 was $15,488,000, or $0.17 per share, compared to $17,503,000, or $0.31 per share, in 2017.

 

Balance Sheet Highlights

 

As part of Nano Dimension’s preparations and actual commencement of commercial shipments of its new DragonFly Pro 3D printer during 2018, the company increased its work-in-progress and finished goods inventory and ended the year with a combined inventory of more than $3 million. The company expects a portion of this inventory to convert to revenue in the ordinary course of the coming months.
   
Cash totaled $3,753,000 as of December 31, 2018, compared to $6,103,000 on December 31, 2017. The decrease compared to December 31, 2017 mainly reflects the proceeds received from the issuance of the company’s ordinary shares in the second quarter of 2018, less the cash used in operations and the cash used for the acquisition of fixed assets during the year ended December 31, 2018. On February 2019, Nano Dimension announced the closing of a public offering of American Depositary Shares, with total gross proceeds of $12 million.

 

Shareholders’ equity totaled $15,572,000 as of December 31, 2018, compared to $18,166,000 as of December 31, 2017.

 

Conference call information

 

The com pany will host a conference call to discuss these financial results today, March 14, 2019, 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/10128505 . 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.

 

2

 

   

About Nano Dimension Ltd.

 

Nano Dimension (Nasdaq, TASE: NNDM) is a leading additive electronics provider that is disrupting, reshaping, and defining the future of how cognitive connected products are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features. 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 products and services for rapid prototyping and short-run manufacturing. For more information, please visit www.nano-di.com.

 

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. For example, Nano Dimension is using forward-looking statements in this press release when it discusses the potential of its products, expectations regarding the company’s ability to deliver on its growth plans and meeting goals, including expected revenues, and that the company expects a portion of its inventory to convert to revenue in the ordinary course of the coming months. Because such statements deal with future events and are based on Nano Dimension's current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. 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 14, 2019, 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. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.

 

NANO DIMENSION INVESTOR RELATIONS CONTACT

 

Yael Sandler, CFO |   ir@nano-di.com

 

NANO DIMENSION PR CONTACT

 

Galit Beck, Public Relations Manager | 972-542539495 |  galit@nano-di.com

 

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Consolidated Statements of Financial Position as at

 

    December 31,  
    2017(*)     2018  
    Thousand
USD
    Thousand
USD
 
             
Assets            
Cash     6,103       3,753  
Restricted deposits     107       21  
Trade receivables     94       1,313  
Other receivables     583       570  
Inventory     2,336       3,116  
Total current assets     9,223       8,773  
                 
Restricted deposits     346       347  
Property plant and equipment, net     5,172       5,200  
Intangible assets     6,755       5,983  
Total non-current assets     12,273       11,530  
Total assets     21,496       20,303  
                 
Liabilities                
Trade payables     512       1,414  
Other payables     1,683       2,178  
Total current liabilities     2,195       3,592  
                 
Liability in respect of government grants     833       895  
Other long-term liabilities     302       244  
Total non-current liabilities     1,135       1,139  
Total liabilities     3,330       4,731  
                 
Equity                
Share capital     2,307       3,291  
Share premium and Capital reserves     52,059 (**)     63,969  
Treasury shares     (1,509 )     (1,509 )
Presentation currency translation reserve     1,431       1,431  
Accumulated loss     (36,122 )     (51,610 )
Total equity     18,166       15,572  
Total liabilities and equity     21,496       20,303  

 

(*) Presented according to the change in the Company’s functional and presentation currency from NIS to U.S. dollars, effective January 1, 2018.

 

(**) Reclassified.

 

4

 

  

Consolidated Statements of Profit or Loss and Other Comprehensive Income

  

    For the Three-Month Period Ended
December 31,
    For the Year Ended
December 31,
 
    2017(*)     2018(**)     2017(*)     2018  
    Thousand
USD
    Thousand
USD
    Thousand
USD
    Thousand
USD
 
                         
Revenues     427       1,705       829       5,100  
                                 
Cost of revenues     273       1,378       409       3,594  
                                 
Cost of revenues - amortization of intangible     190       193       743       772  
                                 
Total cost of revenues     463       1,571       1,152       4,366  
                                 
Gross profit (loss)     (36 )     134       (323 )     734  
                                 
Research and development expenses, net     2,555       2,021       10,819       8,623  
                                 
Sales and marketing expenses     761       1,220       2,183       4,259  
                                 
General and administrative expenses     777       685       3,363       3,002  
                                 
Operating loss     (4,129 )     (3,792 )     (16,688 )     (15,150 )
                                 
Finance income     90       -       102       54  
                                 
Finance expense     121       175       917       392  
                                 
Total comprehensive loss     (4,160 )     (3,967 )     (17,503 )     (15,488 )
                                 
Basic and diluted loss per share (in USD)     (0.07 )     (0.04 )     (0.31 )     (0.17 )
Basic and diluted loss per ADS (in USD)     (0.34 )     (0.21 )     (1.61 )     (0.84 )

 

(*) Presented according to the change in the Company’s functional and presentation currency from NIS to U.S. dollars, effective January 1, 2018.

 

(**) For the periods from January to September 2018, the Company reclassified payroll expenses of four employees from the research and development section to the general and administration section to reflect more appropriately the operation activities of the Company. 

 

 

5

 

Exhibit 99.2

 

March 2019 NASDAQ/TASE: NNDM www.nano - di.com

 

 

2 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 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, the Company is using forward - looking statements when it discuss the potential of it’s products, target markets, strategic growth plan, the size of it’s total addressable market, expected recurring revenue growth, and the 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 , 2018 , 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 www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 3 NASDAQ / TASE : NNDM Nano Dimension is the world ’ s leading additive electronics provider, targeting the growing demand for sophisticated electronic devices that rely on sensors, antennas and PCBs Our additive manufacturing solutions are mission critical and economical for our customers www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

4 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Nano Dimension Key Driver Unmatched product portfolio Proven business model, positive traction Significant technology and first mover advantage Focused growth initiatives and execution Open - ended growth opportunities Experienced management team www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

5 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Company Timeline 2014 2016 2017 2018 Listed on Nasdaq 2016 : Early access trials with Fortune 500 companies 2018 Quarter by quarter growth Total revenue: $ 5.1 m Printer sales: 30 Listed on TASE 2014 - 2016: R&D • Developed product, materials & software • Established manufacturing • Built organization 2017 - 2018: EXECUTION First revenues from sales: Q 4 2017 • Opened U.S. headquarters • Opened Asia Pacific headquarters • Opened 4 Customer Experience Centers • Recruited 20 value - added resellers world - wide

 

 

6 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Applicable Solutions for Electronics Produced by the DragonFly Pro System • Multilayer circuit boards (PCB) • IoT devices: x IC integration x RF antenna for IoT x Battery socket • RF antennas: 1Gz – 6Ghz • RF amplifiers • BGA component support • Plug - In mini boards • Multilayer capacitors • Sensors: Torque, Touch, Strain gauge

 

 

7 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Multilayered Printed Circuit Boards (PCB) • Tens of layers in a 3 mm PCB • Reducing weeks into hours

 

 

8 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. IoT and RF Applicable Solutions IoT: IC, RF antenna, Battery socket Plug - in mini boards Printed RF antennas: 1 Gz – 6 Ghz Sensors: Touch, Torque, Strain gauge BGA component 3 D support INTERNET OF THINGS (IOT) GROWING MARKET NEEDS ARE MET WITH:

 

 

9 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. IoT Devices: Battery Holder with RF antenna Additive production 8 mm diameter PROOF OF CONCEPT DESIGN With DragonFly Pro PRODUCTION POTENTIAL: 500 pieces overnight!

 

 

10 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Harris Corporation: RF Amplifier to Space “ Results showed similar RF performance between the 3 D printed version and the baseline amplifier, clearly demonstrating the viability of 3 D printed electronics for RF circuitry. ” - Dr. Arthur Paolella , Senior scientist, Space & Intelligence Systems, Harris Corporation Joint Project for Space Systems communication satellites: 3 D Printed RF antenna designed to operate at 5.2 GHz and an RF amplifier with operation up to 6 GHz. * https://www.harris.com/impact/ 2018 / 11 /harris - to - test - 3 - d - printed - rf - systems - in - space Harris’ project has been selected for flight by the International Space Station (ISS) U.S. National Laboratory!

 

 

11 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. EMBEDDING COMPONENTS WITHIN 3 D CIRCUIT BOARDS Future Applications: Cutting - Edge Solutions FUNCTIONAL 3 D PRINTED MULTILAYER CAPACITORS

 

 

12 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Experienced Leadership Team Amit Dror CEO and Co - Founder Simon Fried US President, CBO and Co - Founder Yael Sandler CFO Jaim Nulman CTO Tim Sheehan VP Global Sales Gilad Reshef VP Sales, APAC Director Avi Reichental Chairman of the Board Dan Abraham VP Operations

 

 

13 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. High precision inkjet technology Multi - material 3 D printing Combining conductive nano - silver & dielectric polymers First additive manufacturing for functional 3D electronics + = Breaking Electronic Design Time and Cost Barriers

 

 

14 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. NASDAQ / TASE NNDM ADR ratio: 1:5 Revenues 2017 : $ 0.8 M 2018 : $ 5.1 M Market cap $ 30 M* No debt Shares outstanding 178.5 M ( 35.7 M ADS) * Average growth ~ 43 % quarter to quarter 2/2019 Public offering Select Financial Data * As of March 12, 2019 23 % 77 % Retail 23 % Institutionals 77 %

 

 

15 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Growth Trend Validates Our Products ’ Value Revenues $ Q 4 2017 $ 4 27 ,000 Q 1 2018 $ 635,000 Q 2 2018 $1,088,000 Q 3 2018 $1,672,000 Q 4 2018 $ 1, 705 ,000

 

 

16 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2018 Sales Breakdown US 53 % APAC 27 % EMEA 20% Breakdown Per Region Defense 30 % Health 6 % Tech/PCB 7% Research/Univ. 17 % Resellers 40 % Industry Breakdown

 

 

17 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2018 Highlights 17 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. DragonFly systems sold Total revenues for 2018 Leading resellers worldwide $ 5.1 M 20 Average growth quarter - to - quarter Geographic coverage - number of countries Headquarters 30 10 3 43 %

 

 

18 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2018 Highlights: USA Sold several DragonFly Pro systems to different branches of the United States Armed Forces Marked U.S. growth with additional system sales Certified U.S. Department of Defense vendor and sold DragonFly systems to several top 10 largest defense companies Strengthened footprint in North America - announced channel partnership with six resellers EXECUTION! Well positioned in the market and embraced by leading industries: Defense, Manufacturing, Electronics Decisive value proposition bolstered by expanding use cases Expanding productivity and reach of our reseller networks Expanding footprint into new sales territories Accelerating demand generation, brand awareness and value proposition at global events

 

 

19 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2018 Highlights: Asia - Pacific Established HK subsidiary Expanded regional coverage through leading resellers operating in China, Taiwan and Korea Appointed APAC Director and hired local team Commenced effective and successful Asia - Pacific DragonFly Pro system sales Set up HK office and Customer Experience Center at the Hong Kong Science Park Partnered with AURORA Group , China ’ s leading distributor of additive manufacturing systems

 

 

20 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Worldwide Reach and Expansion Distributors Customers Headquarters Footprint As of March 2019

 

 

21 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. 2017 2019 2021 2023 2025 75 51 36 27 “ All revolutions are disruptive, and Industry 4.0 is no exception. It poses risks, but offers tremendous opportunity: for new products and services, better ways to serve customers, new types of jobs, and wholly new business models. ” Industry 4.0 : Are you ready? Deloitte Review, issue 22 Growth Catalyst: IoT and Industry 4.0 Billions of new connected devices every year! IoT connected devices (billions) * * Source: statista.com Doubles every 5 years

 

 

22 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Tangible Customer Value With Attractive ROI Increase design power Protect IP Accelerate time to market Improve efficiency

 

 

23 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Significant First Mover Advantage and Timing Additive Manufacturing analysts predict 3 D printed electronics will be the next high - growth application for product innovation 2017 3 D printed electronics market size is estimated at $ 176 million, expected to reach $ 592 million in 2021 and up to $ 2.4 billion by 2025 * * Source: DataM Intelligence, 2018 0 500 1000 1500 2000 2500 3000 2017 2021 2025 3 D Printed Electronics Market: Growth Forecast* (USD Millions)

 

 

24 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Open - Ended Revenue Growth Potential INDUSTRY VERTICALS • Defense • IoT • Consumer electronics • Automotive • Aerospace • Telecom • Medical devices • Industrial RESEARCH INSTITUTES • Academic institutions and universities • Research & innovation centers ADDITIVE SERVICES • Additive service bureaus • PCB service bureaus • In - house print services

 

 

25 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Scalable Technology and Manufacturing Platform In - house DragonFly Pro system manufacturing In - house nano ink manufacturing - Capacity to meet future demand Top quality certified ISO 14001 and OHSAS 18001

 

 

26 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. The Nano Dimension Difference DOMAIN EXPERTISE TOP TIER CHANNEL TECHNOLOGY PLATFORM MISSION CRITICAL APPLICTIONS HARDWARE CONSUMABLES SOFTWARE SERVICES

 

 

27 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Proven Recurring Revenue Model That Scales Razor and blades model: As the installed base of systems grows, the portion of recurring revenues from consumables increases yr 1 yr 2 yr 3 yr 4 yr 5 Consumable revenues Printer revenues 100 % 100% 100% 100% 100%

 

 

28 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Expected Target Operating Model 2019 - 2020 Expect to triple revenues From $5.1m in 2018 to $14m - $15m in 2019 We expect 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

 

 

29 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Strategic Growth Plan Horizon 2 Growth by monetizing commercially available products and services for additive electronics design Horizon 1 Deliver higher speed production - grade additive electronics systems and more materials and services Current State Deliver hybridized capabilities that combine mechanical functionality within electrified geometries www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

30 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Key Highlights Unmatched product portfolio Proven business model, positive traction Significant technology and first mover advantage Focused growth initiatives and execution Open - ended growth opportunities Experienced management team www.nano - di.com | © 2019 Nano Dimension. All rights reserved.

 

 

31 NASDAQ / TASE : NNDM www.nano - di.com | © 2019 Nano Dimension. All rights reserved. Nano Dimension® Copyright © 20 ϭ 9 Nano Dimension Ltd. Nano Dimension, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Dimension. Printed March 2019 DragonFly ™ Follow us: @nanodimensiontech @3Dpcb www.nano - di.com NASDAQ: NNDM THANK YOU