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Section 1: 6-K (REPORT OF FOREIGN PRIVATE ISSUER)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of: March 2018

 

Commission file number: 001-37600

 

NANO DIMENSION LTD.

(Translation of registrant’s name into English)

 

2 Ilan Ramon

Ness Ziona 7403635 Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F           Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(1):_____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(7):_____

 

 

 

 

 

 

CONTENTS

 

This Report of Foreign Private Issuer on Form 6-K consists of the Registrant’s press release issued on March 15, 2018, announcing the Registrant’s financial results for the fourth quarter and full year ended December 31, 2017, which is attached hereto as Exhibit 99.1, and the Registrant’s corporate presentation which was posted on its website, which is attached hereto as Exhibit 99.2.

 

The second paragraph and the sections titled “Fourth Quarter 2017 Financial Results,” “Full Year 2017 Financial Results,” “Balance Sheet Highlights,” and “Forward-Looking Statements,” and the IFRS financial statements in the press release are incorporated by reference into the registration statements on Form F-3 (File No. 333-217173) and Form S-8 (File No. 333-214520) of the Registrant, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit No.

 

99.1   Press Release issued by Nano Dimension Ltd. on March 15, 2018, announcing its financial results for the fourth quarter and full year ended December 31, 2017.
     
99.2   Corporate Presentation of Nano Dimension Ltd., dated March 2018.

  

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Nano Dimension Ltd.

(Registrant)

     
Date: March 15, 2018 By: /s/ Yael Sandler
  Name:  Yael Sandler
  Title: Chief Financial Officer

 

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Section 2: EX-99.1 (PRESS RELEASE ISSUED BY NANO DIMENSION LTD. ON MARCH 15, 2018, ANNOUNCING ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2017)

Exhibit 99.1

 

 

Nano Dimension Reports Fourth Quarter and Full Year 2017 Financial Results

 

Conference call to be held today at 09:00 a.m. EDT

 

Ness Ziona, Israel, March 15, 2018 – Nano Dimension Ltd., a leading additive electronics provider (NASDAQ, TASE: NNDM), today announced financial results for the fourth quarter and full year 2017.

 

Nano Dimension reported revenues of $440,000 (NIS 1,525,000) for the fourth quarter of 2017 and $861,000 (NIS 2,984,000) for the full year 2017. The company ended the fourth quarter of 2017 with $6,103,000 (NIS 21,159,000) in cash, while total loss for the fourth quarter was $4,202,000 (NIS 14,568,000).

 

“During the fourth quarter of 2017, after about three years of intensive product development of our 3D printer, inks and software, and after a year of beta testing, we began commercial sales of our Dragonfly 2020 Pro 3D printer,” said Amit Dror, Chief Executive Officer of Nano Dimension.

 

“We believe that, as first to market with proprietary additive electronics products and services, we are well positioned to capture the expanding demand for rapid design and manufacturing of smart, connected products.”

 

“We expanded our sales team and, recognizing the importance of the U.S. market to our growth and revenue generation, opened a North American headquarters in Silicon Valley and relocated our Chief Business Officer and Co-Founder Simon Fried to lead our expansion,” remarked Mr. Dror.

 

“I am very pleased that, concurrent with our first commercial product launch, we opened two Customer Experience Centers and successfully onboarded our first 10 international value-added resellers – an initial channel foundation that we intend to double in number during 2018.”

 

“During the first quarter of 2018, we added $13.8 million of cash to our balance sheet upon the completion of a public offering. We believe that with this cash infusion, we have the required financial strength and flexibility to scale sales and marketing globally and to expand our channel reach and presence.”

 

“We are encouraged by the quality and strength of our growing reseller channel and the positive product performance feedback provided by our customers. Looking ahead toward the year 2020, we expect revenue CAGR at a rate of 100% and gross profit margin to converge on 50%. With anticipated revenue growth from DragonFly 2020 Pro 3D printers and materials, we expect that cash use in operations could decline by approximately 50% by 2020,” concluded Mr. Dror.

 

Fourth Quarter 2017 Financial Results

 

Total revenues for the fourth quarter of 2017 were $440,000 (NIS 1,525,000), compared to $46,000 (NIS 175,000) in the fourth quarter of 2016 and $143,000 (NIS 506,000) in the third quarter of 2017. The increase is attributed to commercial sales of the DragonFly 2020 Pro 3D printer that began in the fourth quarter of 2017.
   

Research and development (R&D) expenses for the fourth quarter of 2017 were $2,602,000 (NIS 9,022,000), compared to $2,465,000 (NIS 9,479,000) in the fourth quarter of 2016 and $2,907,000 (NIS 10,259,000) in the third quarter of 2017. The decrease compared to the third quarter of 2017 was mainly attributed to a decrease in share-based payment expenses from grants to R&D employees, and a decrease in materials expenses. The decrease in NIS compared to the fourth quarter of 2016 resulted primarily from a decrease in share-based payment expenses from grants to R&D employees. The expenses in the fourth quarter of 2017 in USD increased compared to the expenses in the fourth quarter of 2016 in USD due to changes in the exchange rate of the dollar compared to the NIS.

 

The R&D expenses for the fourth quarter of 2017 are presented net of government grants in the amount of $14,000 (NIS 49,000).

 

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Sales and marketing expenses for the fourth quarter of 2017 were $772,000 (NIS 2,676,000), compared to $352,000 (NIS 1,352,000) in the fourth quarter of 2016 and $512,000 (NIS 1,806,000) in the third quarter of 2017. The increase compared to the fourth quarter of 2016 was mainly attributed to an increase in payroll and related expenses. The increase compared to the third quarter of 2017 was mainly attributed to an increase in marketing and advertising expenses.

 

In the fourth quarter of 2017, we decided to present our sales and marketing expenses separate from other operating expenses. Thus, for comparison we have reclassified the expenses in previous years.

   
General and administrative (G&A) expenses for the fourth quarter of 2017 were $767,000 (NIS 2,658,000), compared to $1,075,000 (NIS 4,135,000) in the fourth quarter of 2016 and $659,000 (NIS 2,325,000) in the third quarter of 2017. The decrease compared to the fourth quarter of 2016 was mainly attributed to a decrease in professional services expenses. The increase compared to the third quarter of 2017 resulted primarily from an increase in professional services expenses.
   
Net loss for the fourth quarter of 2017 was $4,202,000 (NIS 14,568,000), or $0.07 (NIS 0.24) per share, compared to $3,858,000 (NIS 14,837,000), or $0.08 (NIS 0.3) per share, in the fourth quarter of 2016 and $4,152,000 (NIS 14,650,000), or $0.06 (NIS 0.22) per share, in the third quarter of 2017.

 

Full Year 2017 Financial Results

 

Total revenues for the full year 2017 were $861,000 (NIS 2,984,000), compared to $46,000 (NIS 175,000) in 2016. The increase is due to additional leases and sales of our products during 2017.
   

R&D expenses for 2017 were $11,233,000 (NIS 38,947,000), compared to $4,038,000 (NIS 15,525,000) in 2016. The increase is mainly a result of the cessation of the capitalization of development cost in the fourth quarter of 2016.

 

The R&D expenses for the year are presented net of government grants in the amount of $168,000 (approximately NIS 582,000).

 

Sales and marketing expenses for 2017 were $2,267,000 (NIS 7,859,000), compared to $1,005,000 (NIS 3,864,000) in 2016. The increase resulted primarily from an increase in salaries and related personnel expenses, reflecting an increase in the number of sales and marketing employees and an increase in travel expenses.
   
G&A expenses for 2017 were $3,491,000 (NIS 12,101,000), compared to $3,813,000 (NIS 14,660,000) in 2016. The decrease resulted primarily from a decrease in salaries and related personnel expenses, reflecting a decrease in options expenses and a decrease in professional services expenses for accounting, legal, and other G&A activities.
   
Net loss for the full year 2017 was $18,173,000 (NIS 63,005,000), or $0.32 (NIS 1.11) per share, compared to $8,965,000 (NIS 34,470,000), or $0.22 (NIS 0.85) per share, in 2016.

 

Balance Sheet Highlights

 

As part of Nano Dimension’s preparations and actual commencement of commercial shipments of its new DragonFly 2020 Pro 3D printer during 2017, the company increased its work-in-progress and finished goods inventory and ended the year with a combined inventory of more than $2 million. The company expects a portion of this inventory to convert to revenue in the ordinary course of the coming months.
   
Cash totaled $6,103,000 (NIS 21,159,000) as of December 31, 2017, compared to $12,379,000 (NIS 47,599,000) on December 31, 2016.  The decrease compared to December 31, 2016 mainly reflects the proceeds received from the issuance of the company's ordinary shares in the second quarter of 2017, less the cash used in operations and the cash used for the acquisition of fixed assets during the year ended December 31, 2017. On February 2018, Nano Dimension announced the closing of a public offering of American Depositary Shares, with a total gross proceeds of $13.8 million.

 

Shareholders’ equity totaled $18,166,000 (NIS 62,982,000) as of December 31, 2017, compared to $19,302,000 (NIS 74,218,000) as of December 31, 2016.

 

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Conference call information

 

The company will host a conference call to discuss these financial results today, March 15, 2018, at 09:00 a.m. EDT (03:00 p.m. IST). Investors interested in participating are invited to register for the conference call here: http://dpregister.com/10117242. Dial-in numbers, including a local Israeli number and instructions, will be provided upon registration. U.S. Dial-in Number: 1-866-777-2509, International Dial-in Number: 1-412-317-5413. Please request the “Nano Dimension NNDM call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

 

For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension’s website at http://investors.nano-di.com/events-and-presentations.

 

About Nano Dimension Ltd.

 

Nano Dimension (TASE: NNDM, NASDAQ: NNDM) is a leading additive manufacturing company that is disrupting, reshaping, and defining the future of how electronics are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features and rely on printed circuit boards (PCBs). Demand for circuitry, including PCBs - which are the heart of every electronic device - covers a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension’s 3D printed electronics solutions for rapid prototyping and short-run manufacturing.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, we are using forward-looking statements when we discuss that we are well positioned to capture the expanding demand for rapid design and manufacturing of smart, connected products, doubling our channel foundation, that we have the required financial strength and flexibility to scale sales and marketing globally and to expand our channel reach and presence, expected revenue CAGR, gross profit margin, anticipated revenue growth from DragonFly 2020 Pro 3D printers and materials, expected cash use in operations, and converting inventory to revenue. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 15, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 

 

CONTACT INVESTOR RELATIONS: 
Miri Segal-Scharia

CEO

MS-IR LLC 
917-607-8654 
msegal@ms-ir.com

 

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Consolidated Statements of Financial Position as at

 

   December 31,   Convenience translation into US dollars
(NIS 3.467 = $1)
December 31,
 
   2016   2017   2017 
   Thousand
NIS
   Thousand
NIS
   Thousand
USD
 
             
Assets            
Cash   47,599    21,159    6,103 
Restricted deposits   500    369    107 
Trade receivables   149    325    94 
Other receivables   2,979    2,024    583 
Inventory   -    8,097    2,336 
Total current assets   51,227    31,974    9,223 
                
Restricted deposits   425    1,201    346 
Property plant and equipment, net   7,712    17,930    5,172 
Intangible assets   26,095    23,419    6,755 
Total non-current assets   34,232    42,550    12,273 
Total assets   85,459    74,524    21,496 
                
Liabilities               
Trade payables   2,612    1,775    512 
Other payables   4,954    5,836    1,683 
Total current liabilities   7,566    7,611    2,195 
                
Liability in respect of government grants   2,420    2,886    833 
Other long-term liabilities   1,255    1,045    302 
Total non-current liabilities   3,675    3,931    1,135 
Total liabilities   11,241    11,542    3,330 
                
Equity               
Share capital   5,446    6,682    1,927 
Share premium   118,820    169,325    48,839 
Treasury shares   (5,260)   (5,260)   (1,517)
Warrants   4,375    203    59 
Capital reserve from transactions with controlling shareholders   1,866    1,866    538 
Capital reserve for share-based payments   19,575    23,775    6,857 
Accumulated loss   (70,604)   (133,609)   (38,537)
Total equity   74,218    62,982    18,166 
Total liabilities and equity   85,459    74,524    21,496 

 

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Consolidated Statements of Profit or Loss and Other Comprehensive Income

  

   For the Three-Month Period Ended
December 31,
       Convenience translation 
       Convenience translation into US dollars
(NIS 3.467 = $1)
   For the Year Ended
December 31,
   into US dollars (NIS 3.467 = $1)
Year ended December 31,
 
   2016   2017   2017   2016   2017   2017 
   Thousand
NIS
   Thousand
NIS
   Thousand
USD
   Thousand
NIS
   Thousand
NIS
   Thousand
USD
 
                         
Revenues   175    1,525    440    175    2,984    861 
                               
Cost of revenues   72    979    282    72    1,471    424 
                               
Cost of revenues - amortization of intangible   668    670    193    668    2,676    772 
                               
Total cost of revenues   740    1,649    475    740    4,147    1,196 
                               
Gross loss   (565)   (124)   (35)   (565)   (1,163)   (335)
                               
Research and development expenses, net   9,479(*)   9,022    2,602    15,525(*)   38,947    11,233 
                               
Sales and marketing expenses   1,352(*)   2,676    772    3,864(*)   7,859    2,267 
                               
General and administrative expenses   4,135(*)   2,658    767    14,660(*)   12,101    3,491 
                               
Operating loss   (15,531)   (14,480)   (4,176)   (34,614)   (60,070)   (17,326)
                               
Finance income   695    322    92    695    366    105 
                               
Finance expense   1    410    118    551    3,301    952 
                               
Total comprehensive loss   (14,837)   (14,568)   (4,202)   (34,470)   (63,005)   (18,173)
                               
Basic and diluted loss per share (in NIS/USD)   (0.3)   (0.24)   (0.07)   (0.85)   (1.11)   (0.32)
Basic and diluted loss per ADS (in NIS/USD)   (1.5)   (1.18)   (0.34)   (4.25)   (5.57)   (1.61)

 

*   Reclassified 

 

 

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Section 3: EX-99.2 (CORPORATE PRESENTATION OF NANO DIMENSION LTD., DATED MARCH 2018.)

Exhibit 99.2

 

 

March 2018 NASDAQ/TASE: NNDM Making Additive Manufacturing Intelligent

 
 

2 NASDAQ / TASE : NNDM 2 NASDAQ / TASE : NNDM Forward Looking Statements This presentation of Nano Dimension Ltd . (the “Company”) contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws . Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward - looking statements . For example, we are using forward - looking statements when we discuss the potential of our products, customer added value, expanding our network of global resellers, our target markets, our 2018 market and channel expansion plans, our strategic growth plan, converting early access and beta users into customers, the size of our total addressable market, our 2018 market and channel expansion plans, moving our sales and operation to Silicon Valley and expanding our sales force, expected recurring revenue growth, and our 2018 - 2020 expected target operating model . Forward - looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain . Such expectations, beliefs and projections are expressed in good faith . However, there can be no assurance that management’s expectations, beliefs and projections will be achieved and actual results may differ materially from what is expressed in or indicated by the forward - looking statements . Forward - looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward - looking statements . For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report for the year ended December 31 , 2016 , filed with the SEC . Forward - looking statements speak only as of the date the statements are made . The Company assumes no obligation to update forward - looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward - looking information except to the extent required by applicable securities laws . If the Company does update one or more forward - looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward - looking statements .

 
 

3 NASDAQ / TASE : NNDM 3 NASDAQ / TASE : NNDM DISRUPT. SHAPE. DEFINE. How Smart Products are Made 3 NASDAQ / TASE : NNDM Nano Dimension is the world’s leading additive electronics provider. The company is disrupting, shaping, and defining how electronics are made. With its unique 3D printing technology, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features and rely on encapsulated sensors, antennas and printed circuit boards.

 
 

4 NASDAQ / TASE : NNDM 4 NASDAQ / TASE : NNDM Company Overview Listed on the TASE in 2014 and on Nasdaq in 2016 Raised $59 million to date - Developed printer - Developed materials - Established manufacturing - Built organization Since 2016, conducted comprehensive early access trials with Fortune 500 companies Opened two customer experience centers Opening U.S. Headquarters Started commercial shipments of our first product during Q4 2017

 
 

5 NASDAQ / TASE : NNDM 5 NASDAQ / TASE : NNDM 5 NASDAQ / TASE : NNDM PRINTING ANTENNAS MINIATURIZING MODULES EMBEDDING ELECTRONIC COMPONENTS WITHIN CIRCUIT BOARDS ENCAPSULATING SENSORS Making Additive Intelligent and Connected

 
 

6 NASDAQ / TASE : NNDM 6 NASDAQ / TASE : NNDM We are at the Heart of Industry 4.0 Convergence 6 NASDAQ / TASE : NNDM Mechanical  design Additive manufacturing Electronics design  & manufacturing Digital production : cloud, big data, AI

 
 

7 NASDAQ / TASE : NNDM 7 NASDAQ / TASE : NNDM Our Technology is Breaking Design Barriers High precision inkjet technology Multi material 3 D printing Combining conductive nano - metals & polymers First additive manufacturing for functional 3 D electronics + =

 
 

8 NASDAQ / TASE : NNDM 8 NASDAQ / TASE : NNDM We Built Comprehensive Manufacturing Capabilities In - house 3 D printer manufacturing In - house nano ink manufacturing - Capacity to meet future demand Top quality certified ISO14001 and OHSAS18001

 
 

9 NASDAQ / TASE : NNDM 9 NASDAQ / TASE : NNDM NASDAQ / TASE NNDM ADR level 3 Ratio: 1:5 Total funding to date $59M Market Cap $41M* Shares outstanding 62M ** (equivalent to 12.4M ADS) Public float ≈ 78 % ** Cash $ 6.1 M ** no debt Select Financial Data * As of March 13 , 2018 ** As of December 31 , 2017 *** Officers, Directors and over 5 % shareholders 78 % 22% Public float 78% Interested parties’ holdings *** 22% **

 
 

10 NASDAQ / TASE : NNDM 10 NASDAQ / TASE : NNDM Case Study 1 : In - Mold Electronics In - mold electronics Variety of HMI applications Automotive, IoT, wearables and consumer electronics Rapid prototyping that is ready in hours instead of weeks Short - run manufacturing up to 100,000 economically Up to 80 % design cycle - time reduction Link to Video: https://www.youtube.com/watch?v=aakciTeO 8 QU

 
 

11 NASDAQ / TASE : NNDM 11 NASDAQ / TASE : NNDM Case Study 2 : Functional Circuit Boards Functional multilayered PCBs Variety of smart products Automotive & consumer electronics Rapid prototyping that is ready in hours instead of weeks Short - run manufacturing up to 100,000 economically Up to 80% design cycle - time reduction Link to Video: https://www.youtube.com/watch?v=jV 5 gCNDlpco

 
 

12 NASDAQ / TASE : NNDM 12 NASDAQ / TASE : NNDM We Deliver Tangible Customer Value Increase design power Protect IP Accelerate time to market Improve efficiency

 
 

13 NASDAQ / TASE : NNDM 13 NASDAQ / TASE : NNDM Open - Ended Growth Potential INDUSTRY VERTICALS • Defense • Automotive • Industrial • Aerospace • Consumer electronics & IoT • Telecom • Medical devices RESEARCH INSTITUTES • Academic institutions and universities • Research & innovation centers ADDITIVE SERVICES • Additive service bureaus • PCB service bureaus • In - house print services

 
 

14 NASDAQ / TASE : NNDM 14 NASDAQ / TASE : NNDM Total Addressable Market Additive Manufacturing industry analysts predict that 3 D printed electronics is likely to be the next high - growth application for product innovation, with its market size forecasted to reach $ 2.8 billion by 2025 * * Source: SmarTech Publishing, 2016 * 0 500 1000 1500 2000 2500 3000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenues Forecast - 3D Printed Electronics (USD Millions)

 
 

15 NASDAQ / TASE : NNDM 15 NASDAQ / TASE : NNDM SEE WHAT OUR CUSTOMERS SAY ABOUT US Adopted by Leading Fortune 500 Companies “We were so impressed with Nano Dimension’s 3 D printers that we quickly moved to make them central to our entire digital infrastructure.” - Bodo Huber, CEO of PHYTEC “Demonstrate double - sided, multi - layer circuits, with no - touch manufacturing labor. Such development is planned to lead to cost reductions of $400K per small satellite, thus providing enormous market capabilities for both entities.” - Space Florida, Harris Corporation collaboration with Nano Dimension “There is a lot of enthusiasm around the DragonFly 2020 Pro 3D Printer in terms of technological breakthrough, and how it can radically change development processes. Our objective is to use the system to simplify workflows and design increasingly complex parts – which will include PCBs and embedded circuits – with many more functions than are possible with traditional manufacturing techniques.” - Olivier Vancauwenberghe , Sensor Research Manager at Safran Tech

 
 

16 NASDAQ / TASE : NNDM 16 NASDAQ / TASE : NNDM 2018 Market and Channel Expansion Plans Expand global marketing and sales team MARKETING MULTI - CHANNELS Double our global resellers network NNDM CEC, California Intensify trade show and open house activities Build second channel through additive and PCB service bureaus Open multiple Customer Experience Centers Form strategic alliances with industry leaders

 
 

17 NASDAQ / TASE : NNDM 17 NASDAQ / TASE : NNDM We are Expanding Our Global Coverage Resellers Customers Headquarters March 2018 Footprint

 
 

18 NASDAQ / TASE : NNDM 18 NASDAQ / TASE : NNDM First 3 D Printed Electronics as a Service We have launched the first digital manufacturing service for on - demand electronics smart products, prototypes and short - run production. Our manufacturing capabilities allow us to produce professional - grade printed circuitry, encapsulated sensors and printed antennas within days. Nano Dimension digital services accelerate time - to - market and deliver valuable services across the entire product life cycle.

 
 

19 NASDAQ / TASE : NNDM 19 NASDAQ / TASE : NNDM Experienced Leadership Team Zeev Bregman Advisory Board Itschak Shrem Co - Chairman of the Board Shlomo Magdassi Advisory Board Avi Reichental Co - Chairman of the Board Ofir Baharav Director Yael Sandler CFO Amit Dror CEO and Co - Founder Simon Fried US President, CBO and Co - Founder Hila Elimelech VP Materials Avi Shabtai VP R&D Shachar Kedem VP Customer Care

 
 

20 NASDAQ / TASE : NNDM 20 NASDAQ / TASE : NNDM The Nano Dimension Difference DOMAIN EXPERTISE CHANNEL ACCESS TECHNOLOGY PLATFORM QUALITY EXPERIENCE HARDWARE CONSUMABLES SOFTWARE SERVICES

 
 

21 NASDAQ / TASE : NNDM 21 NASDAQ / TASE : NNDM Bridging the Mechatronics Gap with SolidWorks Add - In Link to Video: https://www.youtube.com/watch?v=rj4PsbFtuVM • We partnered with Dassault Systemes SOLIDWORKS to deliver a first - of - its - kind add - in for embedded electronics design and printing using the DragonFly 2020 Pro 3 D printer. • The add - in empowers designers to select conductive and dielectric materials and combine them into a single structure to print complex geometric structures with embedded electronics.

 
 

22 NASDAQ / TASE : NNDM 22 NASDAQ / TASE : NNDM Strategic Growth Plan Current State Monetize commercially available products and services for additive electronics design 01 Horizon 1 Deliver higher speed production grade additive electronics systems and more materials 02 Horizon 2 Deliver hybridized capabilities that combine mechanical functionality within electrified geometries 03

 
 

23 NASDAQ / TASE : NNDM 23 NASDAQ / TASE : NNDM Growing Opportunities Funnel • Successfully concluded year - long beta program with tier - 1 users • Converted beta users into customers • Launched first commercial product 11/2017, already sold 8 systems • Opened 2 Customer Experience Centers to support our sales growth • Gaining new prospects and customers • Doubling our coverage in 2018 from 10 to 20 resellers • Moving our sales operation to Silicon Valley and expanding our sales force

 
 

24 NASDAQ / TASE : NNDM 24 NASDAQ / TASE : NNDM Recurring Revenue Model Razors and blades: As the install base of printers grows, the portion of recurring revenues from consumables increases significantly yr 1 yr 2 yr 3 yr 4 yr 5 Consumable revenues Printer revenues 100 % 100% 100% 100% 100%

 
 

25 NASDAQ / TASE : NNDM 25 NASDAQ / TASE : NNDM Expected Target Operating Model 2018 - 2020 We expect a revenue CAGR of at least 100% We expect a gross profit margin of 50 % * We expect cash used in operations to decline by approximately 50 % by 2020 *Excluding cost of revenues derived from amortization of intangible assets

 
 

26 NASDAQ / TASE : NNDM 26 NASDAQ / TASE : NNDM Summary Unmatched product portfolio Innovative business model Significant technology strength Focused growth initiatives Open - ended growth opportunities Experienced management team

 
 

27 NASDAQ / TASE : NNDM 27 NASDAQ / TASE : NNDM Copyright © 20 ϭϴ Nano Dimension Ltd. Nano Dimension, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Dimension. Printed March 2018 DragonFly™ Follow us: @nanodimensiontech @ 3 Dpcb www.nano - di.com NASDAQ: NNDM THANK YOU

 

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