Manufacturing. Accelerated.
[05]
Operating leverage yields growth in EBITDA & FCF
Driven by Desktop Metal's core focus on technology & product development
Operating expenses (1) (% of revenue)
350%
Adjusted EBITDA & FCF(1) (2) (3) ($M)
$300
Our business is asset light with
Adj. EBITDA
manufacturing completed through
FCF
300%
contract manufacturers, enabling us to
$225
achieve significant leverage as
revenue scales
250%
$150
90%
60%
$75
$0
30%
($75)
0%
($150)
2019A
2020E
2021E
2022E 2023E
2024E
2025E
2019A 2020E 2021E 2022E 2023E 2024E 2025E
1.
2.
D Desktop Metal
3.
Presented financial data not inclusive of estimated public company-related costs of approximately $6M per year.
Adj. EBITDA defined as Operating Income (Loss) plus Depreciation and Amortization, adjusted for stock-based compensation. Please reference slide 39 "Reconciliation of non-GAAP financials" for additional information
regarding the non-GAAP measures. 2020E Adj. EBITDA assumes high end of 2020E revenue range ($15M - $25M).
FCF defined as Cash Flow from Operations minus Capital Expenditures. Please reference slide 39 "Reconciliation of non-GAAP financials" for additional information regarding the non-GAAP measures. 2020E FCF assumes
high end of 2020E revenue range ($15M - $25M).
27View entire presentation