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8-K - FORM 8-K - 3D SYSTEMS CORP | f8k_011111.htm |
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www.3dsystems.com
NASDAQ:TDSC
Presentation
January 2011
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Forward Looking Statements
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3D Content-To-Print Leader
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Marketplaces
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Profile And Presence
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Services
Materials
Systems &
Other
Other
Balanced Revenue Composition
First Nine Months 2010-Recurring Revenue Represented 69% of Total Revenue
Revenue Buckets
Geography
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Experienced Management Team
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Technology Rich Portfolio
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Proprietary Performance Materials
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Diversified Customer Base
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Revenue Growth Drivers
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Growth Strategy
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Marketplace Opportunities
Source: 3D Systems
3D Aerospace
$400 Million
$600 Million
$1 Billion
$500 Million
$500 Million
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Multiple Revenue Sources
Print Services
Personal Printers
Production Printers
Recurring Materials & Services Revenues
3D Print Technology
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Print Services
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3Dproparts™ Breadth
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Design To Manufacturing Source
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Personal & Professional Printers
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Personal
Printers
Printers
• Desktop
• Office
• Small format
• Simple, easy to use
Professional
Printers
Printers
• Groupware
• Office, model shop
• Small and mid
format
format
• Material properties
Production
Printers
Printers
• Productionware
• Manufacturing
floor
floor
• Small to large
format
format
• Extreme
productivity
productivity
Printer Positioning
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Democratizing Access
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MCAD ARC & Jewelry Solutions
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Personal Printers
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Production Printers
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Healthcare Solutions
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Aerospace and Defense Solutions
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Automotive and Motorsports Solutions
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Shareholder Value
Maximize Free Cash
Flow Operations
Flow Operations
Integrate Targets,
Harvest Synergies
Harvest Synergies
Target & Close
Suitable Acquisition
Candidates
Suitable Acquisition
Candidates
10 Acquisitions in 14 Months
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Competitive Advantage
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Damon Gregoire Senior Vice President & CFO
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Nine Months 2010 Operating Results
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Across-The-Board Revenue Growth
2009
2009
2009
2009
2009
23%
104%
82%
39%
18%
$9.5
$19.2
$8.1
$14.7
$23.4
$32.5
$35.5
$41.8
$11.7
$14.5
($ in millions)
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Revenue Quality and Mix
Printers
• Materials and services
made up 69% of total
revenue for the first
nine months of 2010
made up 69% of total
revenue for the first
nine months of 2010
• Recurring revenue
contributed 75% of
our gross profit margin
for the first nine
months of 2010
contributed 75% of
our gross profit margin
for the first nine
months of 2010
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Gross Profit Margin Trend
Q3-10
45.4%
45.4%
Q1-10
45.3%
45.3%
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Available cash as of October 26, 2010 was $25.4 million after using $11.0
million for acquisition activities since September 30, 2010
million for acquisition activities since September 30, 2010
• Net income of $5.4 million included $2.4 million of non-cash expenses
• Cash position increased from the previous quarter to $33.8 million, after
funding our acquisitions of CEP, ProtoMetal and Express Pattern
funding our acquisitions of CEP, ProtoMetal and Express Pattern
• We continue to carry no debt on our balance sheet
• Inventory decreased $1.2 million from the second quarter of 2010
**Percents are rounded to the nearest whole number
Working Capital Management
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Operating Leverage
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Revenue and margin expansion, coupled with operating costs
containment and optimization resulted in an improved
bottom line and stronger balance sheet
containment and optimization resulted in an improved
bottom line and stronger balance sheet
Bottom Line
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Strong
balance sheet
coupled with
operating leverage
allows us to fund
our strategic initiatives
Balance Sheet Management
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Current and planned investments in all areas are evaluated as
part of our overall strategic plan
part of our overall strategic plan
R&D spending to enhance competitive advantage
Acquisitions must be accretive
Capital expenditures built around R&D and revenue generation,
not back office spending
ROI-based with an eye on the future
Investment Philosophy and Execution
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This target model is not intended to constitute financial guidance related to the company’s expected
performance. It is based upon management’s current expectations concerning future events and trends and is
necessarily subject to uncertainties.
performance. It is based upon management’s current expectations concerning future events and trends and is
necessarily subject to uncertainties.
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Operating Model
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Actual Results
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Q3 2010
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YTD 2010
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Revenue
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$150.0
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$200.0
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$41.5
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$108.3
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Gross Profit
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48%
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58%
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45%
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45%
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SG&A
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25%
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23%
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26%
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28%
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R&D
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8%
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7%
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7%
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7%
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Operating Income
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15%
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28%
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12%
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10%
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Net Income After Tax
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10%
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20%
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13%
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9%
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Depreciation & Amortization
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4%
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4%
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5%
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5%
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Capital Expenditures
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2%
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2%
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1%
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1%
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Recurring Revenue
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70%
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80%
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65%
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69%
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Progress Towards Long Term Operating Model
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Investor Composition
*As of 12/9/10
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Well Positioned For the Long Term
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