Manufacturing. Accelerated.

[01] Additive manufacturing industry to grow 11x over next decade Propelled by shift from prototyping to mass production of end use parts 25% CAGR $146B Evolution of the AM market Additive 1.0 Additive manufacturing market size(1) $150B . Key players now off-patent, leaving them with minimal differentiation and commoditized technology Company adoption of additive manufacturing for end-use parts (2) $120B 5% 18% 46% Significant loss in market share to open 2016 2019 2022E source and low cost providers $90B Have not participated in market growth due to focus on design and rapid prototyping $60B Additive 2.0 • Additive 2.0 innovation is being driven by VC- funded, emerging players across printers, materials and parts businesses New players are driving advances in speed, accuracy, material variety and build volume Focus on mass production and end-use parts is driving market growth 2000 Source: Wohlers Report 2020 Research 1. D Desktop Metal Source: Wohlers Report 2020 (2000 actuals - 2029 forecast); 2030 figure based on management calculations. 2. Source: "3D printing: hype or game changer?" Ernst & Young Global Report 2019. 3. Compound annual growth rate. $30B $0.6B 9% CAGR (3) → $1B $OB 555555 555555 2002 2004 2006 2008 2010 2012 Additive 1.0 2014 2016 20% CAGR $12B 2018 2020 2022 2024 Additive 2.0 2026 2028 2030 8

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