Nano Dimension Mergers and Acquisitions Presentation Deck
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Nano Dimension's All Cash Offer is the Superior Alternative for
Stratasys Shareholders
DI Desktop Metal™
Highly dilutive and money-
losing
Overpriced
Significant value uncertainty
Significant time to close
Dilutive transaction - giving away
-40% ownership to buy a money-
losing company
Significant expected Desktop
Metal losses are not offset by
announced cost synergies
Merger with de-SPAC with history
of overpromises that destroyed
$3.8 BILLION (2) shareholder value
Uncertain longer-term value relies
on ambiguous theoretical
synergies and to-be-proven Desktop
Metal growth story
X Lengthy and uncertain time to
close driven by requirement for two
shareholder votes and regulatory
review
NANODIMENSION
Near-Term Certainty-Guaranteed Cash
via Nano's Special Tender Offer
$18 per share offer delivers all cash, near-term, premium
value to Stratasys shareholders
Nano has cash on hand to complete the special tender
offer
Tendering shareholders receive cash promptly following the
closing of the special tender offer
Provides a premium above relevant Stratasys trading
metrics:
26% premium to the unaffected price as of
March 3rd, 2023
39% premium to the 60-day VWAP as of March 3rd,
2023
13% premium to Stratasys' own advisor's last target
price (3)
The transaction has the full support of Nano's management
team and Board of Directors and the deal is NOT subject to
Nano shareholder approval or any court approval
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3D SYSTEMS
Little cash consideration
Money-losing company;
transaction leaves no cash for
future operations
Significant share value
uncertainty(1)
Significant time to close
Stratasys shareholders only
receive $7.50 in cash in addition to
3D Systems shares
X Stock portion of consideration is
contingent on highly uncertain
combined equity value
Majority of equity research analysts
rate NYSE: DDD either 'hold' or
'sell'(4)
Unstable balance sheet: Combined
company would have depleted cash
resources and would likely need to
raise dilutive capital
Lengthy and uncertain time to
close driven by requirement for two
shareholder votes and regulatory
review
Source: Company filings, FactSet
Note: Market data as of 5/30/2023; (1) 3D System's proposed acquisition is an unsolicited non-binding indicative proposal that is subject to rejection or negotiation by Stratasys' Board of Directors; due to stock component, the value of the
transaction consideration fluctuates day by day; (2) Decrease in equity value since the de-SPAC transaction on 12/10/2020; (3) J.P. Morgan suspended equity research coverage of Stratasys on March 12, 2023 due to conflict of interest;
(4) Research analysts per FactSet as shown on chart on pg. 9
NANODIMENSION
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