Nano Dimension : Q1 2024 Earnings and Quarterly Update Presentation

Nano Dimension

Leading Manufacturing into the Future

1st Quarter 2024 Results & Earnings Call

Yoav Stern, CEO & Member of the Board Tomer Pinchas, CFO & COO

Julien Lederman, VP Corporate Development

June 3rd, 2024

Forward Looking Statements

This presentation of Nano Dimension Ltd. (the "Company" or "Nano Dimension") 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 discusses the AM industry turn around opportunity, advantages and benefits of the Company's buyback program. Because such statements deal with future events and are based on the Company's current expectations, they are subject to various risks and uncertainties. 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, 2023, 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.

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

2

Highlights for Q1 2024

Margin Expansion and Path to Profitability

Headline Financials	Business updates
▪ $13.4M Revenue	▪ Reshaping Nano Initiative delivering results
▪ 46% Gross margin (IFRS) Up from 44% in Q1/2023	▪ Expanding customer base
▪ 50% Adj. Gross margin (non-IFRS)1 Up from 47% in Q1/2023	▪ New developments across the Nano portfolio
▪ $7M Net cash burn2	▪ $147M in repurchased shares Jan 1, 2023 - Mar. 31, 2024

$13.36M

46%

50%

$7M

(vs. $14.97M)

Gross

Adjusted

Net cash

Revenue

margin

Gross margin

burn

Q1/23- spillover

235 bps YoY

265 bps YoY

75% YoY

from 2022

1. See reconciliation of IFRS to non-IFRS on slide 12
2. See reconciliation of net cash burn on slide 13

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

3

New Customers Partnering with Nano

Continued Expansion of Leading Industrial and Defense Players

New customer in	Repeat sale to a	New customer in
RF	Western	advanced
	Defense Agency	electronics

Repeat sale to a	New customer in	Repeat sale to a
US leader in	"New Space"	US defense
"New Space"		contractor

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

4

Innovation Securing Competitive Advantage

R&D Across Our Portfolio of Technologies

DeepCube Industrial AI	Robotics	Digital Solutions
▪ Expanding AI services	▪ Additive Electronics	▪ Partnering with Esko &
base with another	high-speed dispensing	Fiery, to provide a
customer	enhancement,	comprehensive, One-Stop-
▪ Deep learning-AI patent	increasing speed by 3x	Shop Digital Print Solution
granted

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

5

Reshaping Nano

Growing and Transforming the Company Financially

Growing revenue	Expanding	Optimizing
to scale	margin	operating model
2021+	2022+	2023+
Revenue	Gross margin	Operating expenses¹
	$55M		46%	$32M
					$22M
		10%
$4M
Q1/21	Q1/24	Q1/22	Q1/24	Q1/23	Q1/24
150%	36%	31%
CAGR	Expansion	Reduction

1. Excluding share-based compensation expenses (see reconciliation on slide 12)
2. See reconciliation of net cash burn on slide 13

Improving

cash usage

2023+

Net cash burn²

$27M

$7M

Q1/23 Q1/24

75%

Reduction

Cash flow

positive

2025/6

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6

The AM Industry Turn-around Opportunity

Good industry, Bad Business models

Consolidated results of 4 industry leaders¹

$1,800M $1,500M $1,200M

$900M $600M

$300M

$0M

($300M)

2012			2022
		Revenue		EBIT

Take-aways

Products & services in demand from a growing market

Poor business strategies have destroyed otherwise good businesses

Acquire great assets and turn-around for financial success

1. Sources: FactSet Fundamentals - Standardized Revenue & EBIT FY2012 - FY2022 (3D Systems Inc., SLM Solutions Group AG, Stratasys Ltd.) German Statistical business register - Revenue & EBIT (10.1.11-30.09.12) - (10.1.21-30.09.22), FX rate as of the end of the reporting period (EOS-Holding GmbH)

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

7

Buyback Program (BBP) to Strengthen Financial Profile

Creating Instant Value While Strategic Plans Materialize

$147M

In shares

repurchased

Jan 1, 2023 -

Mar. 31, 2024

~15%

Reduction in share count

Jan 1, 2023 -

Mar. 31, 2024

Approx. $4.1

Cash and equivalents value per share1

---------------------------

In buying a share for $2.72,

you are buying OVER $4.1 for $2.7

BBP has

more

"inventory"

As of

Mar. 31, 2024

1. Includes cash, deposits, and investment in securities
2. NASDAQ: NNDM - Share Price Market Close May 31st, 2024

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Distribution, Citation or Copying Without Permission is Strictly Prohibited.

8

Q&A

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9

Appendix