Manufacturing. Accelerated.
Select peers operational benchmarking
Advanced manufacturing Tech-enabled industrials
87%
71%
CY'19A-
CY'21E
Revenue
CAGR
CY'21E
19-21E
21-25E
AM average: 3%
16%
16%
15%
12%
7%
5%
1%
3%
94%
AM average: 52%
Gross
margin
53%
54%
53%
51%
CY'21E
EBITDA
margin(2)
2024E
2025E
28%
23%
AM average: 19%
36%
25%
13%
TE average: 9%
Legacy AM
LAM average: (9%)
Overall average (1): 8%
(3%)
(7%)
(10%)
TE average: 69%
76%
76%
75%
61%
18%
49%
N.A.
32%
30%
25%
LAM average: 46%
Overall average (1): 65%
49%
35%
43%
TE average: 31%
LAM average: 10%
Overall average (1): 29%
29%
11%
9%
2024E
2025E
UNIVERSAL DISPLAY
CORPORATION
PROTOLABS
materialise
A AUTODESK
AXON
Manufacturing. Accelerated.
ptc
COGNEX
RENISHAW.
AMETEK®
stratasys
3D SYSTEMS
D Desktop Metal
innovators you can count on
1.
Overall average excludes Legacy AM players.
D Desktop Metal
2. Presented financial data not inclusive of estimated public company-related costs of approximately $6M per year.
3. Source: Desktop Metal projections based on management estimates; peer projections based on company filings and FactSet as of August 25, 2020.
34
4.
Peers are ordered in descending CY'19A — CY'21E revenue CAGR.
5.
N.A. denotes "not available" due to limited disclosure on broker estimates.View entire presentation