3D Systems Corporation. (NYSE:DDD) Q4 2020 Results Earnings Conference Call March 2, 2021 8:30 AM ET Company Participants Melanie Solomon - Investor Relations Jeffrey Graves - President and Chief Executive Officer Jagtar Narula - Chief Financial Officer Andrew Johnson - Executive Vice President and Chief Legal Officer Conference Call Participants Jim Ricchiuti - Needham & Company Greg Palm - Craig Hallum Capital Group Brian Drab - William Blair Ananda Baruah - Loop Capital Paul Coster - JPMorgan Wamsi Mohan ...

Summary of 3D Systems Corporation Conference Call Company Overview - **Company**: 3D Systems Corporation (NYSE: DDD) - **Industry**: Additive Manufacturing Key Points and Arguments 1. **Company Background**: 3D Systems is a pioneer in additive manufacturing, having expanded from prototyping to industrial applications across various materials including plastics and metals [5][6][10] 2. **Cultural Shift**: The current workforce is more familiar with additive manufacturing, leading to its acceptance as a standard manufacturing method alongside traditional methods like machining and casting [6][10] 3. **Leadership Changes**: New CEO Jeffrey Graves and CFO Jagtar Narula joined the company to refocus on additive manufacturing and improve growth and margin performance [7][9] 4. **Restructuring Efforts**: The company initiated a restructuring plan aiming to reduce costs by $60 million, which has reportedly been met or exceeded [12][13] 5. **Divestitures**: The company divested non-core software businesses (GibbsCAM and Cimatron) to focus on additive manufacturing, using the cash to pay off debt and strengthen the balance sheet [13][28][36] 6. **Market Growth**: The additive manufacturing industry is projected to grow at a compounded annual growth rate of 24%, with expectations of double-digit organic growth for well-managed companies [15][16] 7. **Healthcare and Industrial Focus**: The company has organized its operations into healthcare and industrial business units, emphasizing targeted applications that benefit from additive manufacturing [11][16][18] 8. **Application Examples**: Successful applications include custom dental aligners, orthopedic implants, and emergency production capabilities for hospitals, particularly highlighted during the COVID-19 pandemic [14][21][24][23] 9. **Financial Recovery**: The company reported a rebound in Q3 and Q4, with healthcare showing significant growth as elective surgeries resumed, and industrial recovering from COVID impacts [27][29] 10. **R&D Investment**: Continued investment in R&D for printers, software, and materials is crucial for future growth, with a particular focus on materials as a key enabler for applications [30][39] Additional Important Content 1. **Barriers to Entry**: The company targets markets with high barriers to entry, such as healthcare and aerospace, where regulatory standards and quality requirements limit competition [45][47] 2. **Market Position**: 3D Systems is positioned as a full solution provider with a large installed base, allowing for ongoing service and support, which is a competitive advantage [19][20] 3. **Future Opportunities**: The company is open to potential acquisitions in niche markets related to materials and hardware that align with its additive manufacturing focus [38][39] 4. **Dental Market**: The dental segment represents 30% to 40% of the healthcare business, with significant growth potential in mass customization applications [50][52] This summary encapsulates the key insights from the conference call, highlighting the strategic direction, market opportunities, and financial performance of 3D Systems Corporation.

Financial Data and Key Metrics Changes - The company reported revenue of $135.1 million for Q3 2020, a decrease of 13% compared to Q3 2019, but an increase of 21% compared to Q2 2020, indicating a rebound in customer activity [20][21] - A loss of $0.61 per share was reported in Q3 2020, compared to a loss of $0.15 in Q3 2019, which included a $48.3 million pretax noncash goodwill impairment charge [20][21] - Non-GAAP loss was $0.03 per share in Q3 2020, compared to a loss of $0.04 per share in Q3 2019 [21][22] - Gross profit margin was reported at 43.4% in Q3 2020, slightly up from 43.3% in Q3 2019 [22] Business Line Data and Key Metrics Changes - Revenue from healthcare increased by 6.1% year-over-year to $59.8 million, driven by stronger sales in the dental market [22] - Industrial sales decreased by 23.8% year-over-year to $75.3 million, with declines across all products and services due to the pandemic [22] Market Data and Key Metrics Changes - The healthcare market showed a broad strengthening, with year-over-year growth of 6% to 7% noted, particularly in dental applications [42][43] - Industrial markets are recovering but remain down year-over-year, with a noted sequential improvement of over 20% in both healthcare and industrial segments [45] Company Strategy and Development Direction - The company is focusing on two key market verticals: healthcare and industrial, with a strategic purpose statement aimed at enabling additive manufacturing solutions [9][10] - A restructuring plan is in place to achieve $100 million in cost savings by the end of 2021, with $60 million expected by the end of 2020 [12][15] - The company has divested its Cimatron and GibbsCAM software businesses for $65 million, which are not core to its additive manufacturing focus [14][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about rising demand as economies reopen, with expectations for continued strengthening of the business moving forward [8][29] - The company is adapting to changes in supply chains, particularly in healthcare, as hospitals seek more flexible production capabilities [16][62] Other Important Information - The company ended Q3 2020 with $75.3 million in cash and cash equivalents, down $58 million since the beginning of the year [24] - An ATM equity program was initiated, with $25 million of common stock issued in Q3, leaving $125 million available if needed [26][28] Q&A Session Summary Question: What drove the sizable increase in the materials segment relative to Q2? - Management noted that customers depleted inventories during the COVID shutdown and needed to replenish as production ramped up, leading to a strong rebound [34] Question: Do you expect ongoing improvement in the top line? - Management indicated that while the year is unpredictable, they continue to see strengthening in markets and expect some seasonality patterns to persist [36] Question: Can you provide visibility on which end markets may be improving? - Management highlighted a broad strengthening in the healthcare market, particularly in dental and orthopedic areas, while industrial markets are recovering from a lower base [42][45] Question: What is the financial profile of the Cimatron and GibbsCAM businesses? - The revenue for these businesses was around $35 million to $40 million, with declining rates, and direct costs associated with the business were estimated at $20 million to $25 million [57] Question: What are the expected impacts of the Cimatron divestiture on revenues? - The divestiture is expected to close in Q4, with minimal impact on revenues until 2021 [88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ 1 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to____________ Commission File No. 001-34220 __________________________ 3D SYSTEMS CORPORATION (Exact name of Registrant as specifie ...

3D Systems Corporation (NYSE:DDD) Q2 2020 Earnings Conference Call August 5, 2020 4:30 PM ET Company Participants Jessica Stanfill – Investor Relations Jeffrey Graves – President and Chief Executive Officer Wayne Pensky – Interim Chief Financial Officer Conference Call Participants Danny Eggerichs – Craig-Hallum Capital Group Sarkis Sherbetchyan – B. Riley Financial Paul Coster – JP Morgan Brian Drab – William Blair Operator Greetings and welcome to the 3D Systems’ Q2 2020 Conference Call and Webcast. At ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to____________ Commission File No. 001-34220 __________________________ 3D SYSTEMS CORPORATION (Exact name of Registrant as specified in it ...