Nano Dimension Mergers and Acquisitions Presentation Deck
Paying a Premium for Dilutive, Smaller Desktop Metal With →$200M
Revenue and ~$200M(1) Cash Loss in 2022 Just Doesn't Add Up
Transaction leaves Stratasys shareholders with just ~60% ownership of combined company
Desktop Metal Will Own ~40% of the Combined Company Despite Contributing Nothing
But Weak Performance
($ in millions)
Desktop Metal has 22%
of revenue of the
combined company(2)
*Desktop Metal generates
an annualized (2) GROSS
LOSS of ($5mm)
Desktop Metal generates
an annualized (2) negative
adjusted EBITDA of
($156mm)
Desktop Metal is burning
cash vs. Stratasys has
cash
2023E
2022A
2021A
2020A
Highly dilutive to Stratasys
ownership
Combined Revenue
$862
$217, 25%
$17,3%
$645, 75%
$857
$209, 24%
$648, 76%
$719
$112, 16%
$607, 84%
$537
$521, 97%
Combined Company
Stratasys
Dilutive to EPS- doubling
from ($1.24) to ($2.44)(²)
Source: Desktop Metal and Stratasys SEC filings, Desktop Metal and Stratasys press releases, FactSet and Consensus Estimates
Note: (1) Cash Flow from Operations less Capital Expenditures; (2) Represents Q1 2023 annualized financials
Combined Non-GAAP Net Income
2023E
($730)
2022A ($740)
2021A
2020A
Desktop Metal
($245)
($240)
($87)
($99)
($104)
($90)
Burns cash
($4)
($14)
$12
$10
NANODIMENSION
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