Third Quarter 2025 Financial Results Welcome and Participants Dr. Jeffrey Graves President & Chief Executive Officer Phyllis Nordstrom Executive Vice President & Interim Chief Financial Officer Monica Gould November 5, 2025 Investor Relations 2 Forward Looking Statements Certain statements made in this presentation that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involv ...

Core Viewpoint - 3D Systems Corporation reported a decrease in revenue and net loss for the third quarter of 2025, but anticipates sequential growth in the fourth quarter driven by improvements in key markets and new product launches [4][5][6]. Financial Results Summary - Revenue for Q3 2025 was $91.2 million, a 19% decrease from $112.9 million in Q3 2024 [3][6]. - Gross profit was $29.4 million with a gross profit margin of 32.3%, down from 36.9% in the prior year [3][7]. - Operating expenses were $50.7 million, significantly lower than $222.5 million in Q3 2024, leading to an operating loss of $21.3 million [3][8]. - Net loss attributable to 3D Systems Corporation was $18.1 million, an improvement from a loss of $178.6 million in the same quarter last year [3][8]. - Diluted loss per share was $(0.14), compared to $(1.35) in Q3 2024 [3][8]. Segment Performance - Healthcare Solutions revenue decreased by 22% to $42.8 million compared to the prior year [7]. - Industrial Solutions revenue decreased by 16% to $48.5 million compared to the prior year [7]. - The decline in revenue was attributed to lower sales volume and the divestiture of the Geomagic business [7]. Outlook - The company expects sequential revenue growth of 8% to 10% in Q4 2025, driven by increased sales in Healthcare, Industrial markets, and consumer markets [4][5]. - Gross margins are anticipated to stabilize, with increased volumes expected to offset short-term pressures from a heavier mix of printer sales [4][5]. Financial Liquidity - As of September 30, 2025, total cash was $114.2 million, with total debt of $122.6 million [9][10]. - Cash and cash equivalents decreased by $75.8 million since December 31, 2024, primarily due to cash used in operations and financing activities [10].

Core Insights - Velo3D, Inc. will release its Q3 2025 financial results on November 10, 2025, after market close [1] - An earnings conference call will be held on the same day at 2:00 p.m. Pacific Time [2] - The company is recognized for its advanced metal additive manufacturing technology, which is transforming aerospace and defense supply chains [1][4] Company Overview - Velo3D specializes in metal 3D printing technology, also known as additive manufacturing (AM), which enhances the production of high-value metal parts [4] - The company has addressed limitations of legacy metal AM technology, enabling the design and production of previously impossible parts [5] - Velo3D's integrated solution includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, all powered by the Intelligent Fusion manufacturing process [5] Industry Impact - Velo3D's technology supports innovation in various sectors, including space exploration, aviation, power generation, energy, and semiconductors [5] - The company has established partnerships with notable innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research [5] - Velo3D was named one of Fast Company's Most Innovative Companies for 2024, highlighting its impact in the industry [5]

Core Insights - 3D Systems will release its financial results for Q3 2025 on November 4, 2025, after market close [1] - A conference call and webcast to discuss these results is scheduled for November 5, 2025, at 8:30 a.m. Eastern Time [2] Company Overview - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, founded by Chuck Hull [3] - The company provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3] - 3D Systems aims to transform manufacturing through innovative solutions and a commitment to collaboration with customers [3]

Core Insights - Stratasys has launched the iAM Marketplace, an independent platform aimed at enhancing access to additive manufacturing materials and solutions, thereby expanding its total addressable market within the polymer additive manufacturing industry [1][4]. Group 1: iAM Marketplace Overview - The iAM Marketplace is a hardware-agnostic platform that offers the widest selection of high-quality polymer materials, engineering services, and products in the polymer additive manufacturing sector [1][5]. - This platform aims to streamline purchasing processes and support more agile supply chains for manufacturers globally [1][2]. Group 2: Strategic Partnerships and Offerings - The iAM Marketplace consolidates the materials expertise of iSQUARED, Forward AM, and assets from Nexa3D, leveraging decades of innovation in additive manufacturing [2][5]. - It complements Stratasys' exclusive materials portfolio, providing manufacturers with both high-performance certified materials and a broad range of options from an open marketplace [3][4]. Group 3: Market Positioning and Future Plans - The launch of the iAM Marketplace is seen as a significant advancement in Stratasys' materials strategy, allowing the company to serve the entire additive manufacturing industry more effectively [4]. - The platform is designed to cater to diverse manufacturing needs, focusing on cost, performance, and specific use-case solutions [4].

Core Insights - The company reported a mixed performance in Q3 2025, with overall revenue under pressure but strong growth in the medical unit, particularly in the cardiac segment, driven by the acquisition of FEops and advancements in AI-driven simulation technology [5][6][17]. Business Highlights - The medical unit achieved double-digit growth, with a record revenue of EUR 33.3 million, up more than 10% compared to Q3 2024 [18][22]. - The cardiac segment saw significant advancements, including the release of a new version of FEops' heart guide and additional clinical evidence supporting the benefits of cardiac planners [6][7]. - The software segment experienced a 7% revenue decline to EUR 10.3 million, attributed to macroeconomic headwinds and unfavorable foreign exchange impacts, although 83% of the revenue was recurring [19][24]. - The manufacturing segment faced challenges, with a 17% revenue decline to EUR 22.7 million, but showed slight improvement compared to Q2 2025 [25][26]. Financial Performance - Consolidated revenue for Q3 2025 was EUR 66.3 million, a 3.5% decrease from the previous year, with a gross profit margin of 56.8% [17][27]. - Adjusted EBIT for the quarter was EUR 2.9 million, with an adjusted EBIT margin of 4.4% [17][20]. - The company generated a net profit of EUR 1.8 million, increasing its net cash position to EUR 67.7 million, driven by strong free cash flow [18][30]. Future Outlook - The company maintained its full-year guidance for 2025, expecting revenues between EUR 265 million and EUR 280 million and adjusted EBIT between EUR 6 million and EUR 10 million [33]. - The management expressed confidence in the company's resilience and ability to capture growth opportunities once market conditions improve [33].

Financial Data and Key Metrics Changes - Consolidated revenue for Q3 2025 was EUR 66.3 million, a decrease of 3.5% compared to the same period last year, despite a 2% growth from Q2 2025 [15][16] - Gross profit margin remained strong at 56.8%, consistent with the margin for the first nine months of 2025 [15][23] - Adjusted EBIT for Q3 2025 was EUR 2.9 million, representing an adjusted EBIT margin of 4.4% [15][17] - Net profit for the quarter was EUR 1.8 million, with a net cash position increasing to EUR 67.7 million [15][25] Business Line Data and Key Metrics Changes - Materialise Medical achieved record revenue of EUR 33.3 million, growing over 10% compared to Q3 2024 [16][19] - Materialise Software revenue decreased by 7% to EUR 10.3 million, impacted by macroeconomic conditions [20] - Materialise Manufacturing revenue declined by 17% to EUR 22.7 million, reflecting ongoing market challenges [22] Market Data and Key Metrics Changes - Materialise Medical accounted for 50% of total revenue, while Materialise Software and Manufacturing contributed 16% and 34%, respectively [16][17] - The software segment's transition to a subscription-based model saw 83% of revenue being recurring, up from 74% in the previous year [21] Company Strategy and Development Direction - The company is focusing on growth in the cardiac segment, having acquired FEops to enhance its capabilities in AI-driven simulation technology [5][6] - Continued investment in R&D, particularly in the medical segment, is planned to drive future growth [19] - The company is also expanding its presence in the defense sector, leveraging additive manufacturing capabilities to meet industry needs [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic headwinds affecting the software and manufacturing segments but expressed confidence in the company's resilience and growth potential [28] - The guidance for fiscal year 2025 remains unchanged, with expected revenues between EUR 265 million and EUR 280 million and adjusted EBIT between EUR 6 million and EUR 10 million [28] Other Important Information - The company reported a strong balance sheet with cash reserves increasing to EUR 132 million [25][26] - Capital expenditures for Q3 amounted to EUR 5.3 million, with a significant portion allocated to non-recurring investments [26] Q&A Session Summary Question: Update on medical segment exposure and growth potential - Management indicated that existing markets like CMF and orthopedics are mature, while new markets such as cardiac and respiratory are expected to grow faster in the future [33] Question: Size of aerospace and defense as a percentage of revenue - Aerospace has shown continuous growth, while defense is a newer segment with potential for future growth [34][35] Question: Manufacturing profitability and recovery prospects - Management highlighted cost reduction measures already in place and emphasized the need for recovery in European and automotive markets to improve profitability [37][38]

Core Insights - 3D Systems and Dussur established the National Additive Manufacturing Innovation Company (NAMI) to support Saudi Arabia's Vision 2030 Program, focusing on advanced 3D printing technologies in the defense and energy sectors [1][2] - NAMI has achieved significant milestones, including partnerships with major companies like Saudi Electric Company and Lockheed Martin, enhancing local manufacturing capabilities [4][5] Group 1: Company Developments - NAMI reached critical milestones in deploying advanced 3D printing technologies across Saudi Arabia's energy and defense sectors [4] - Saudi Electric Company acquired a 30% stake in NAMI to enhance production efficiency and reduce costs for spare parts [5] - Lockheed Martin is collaborating with NAMI to manufacture military and aerospace components, reinforcing Saudi Arabia's role in global supply chains [5] Group 2: Industry Impact - The partnership with Saudi Electric Company aims to accelerate the adoption of 3D printing for energy infrastructure applications and develop a skilled workforce [5] - NAMI signed a $26 million framework agreement with Modern Isotope Factory for manufacturing tungsten components, aligning with localization goals [5] - The collaboration with Lockheed Martin is expected to enhance the adoption of additive manufacturing in the aerospace and defense sectors, utilizing 3D Systems' Direct Metal Printing technology [5]

Core Insights - Amaero Ltd is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for advanced manufacturing in defense, space, and aviation industries [1][23] - The company reported significant revenue growth and production scaling during the September Quarter of 2025, with a revenue of A$4.7 million, reflecting a 445% increase from the previous year [7][13] Financial Performance - Revenue for the September Quarter was A$4.7 million, with A$4.1 million from powder sales and A$0.6 million from Powder Metallurgy Hot Isostatic Pressing (PM-HIP) manufacturing [7] - The company ended the quarter with a cash and restricted cash balance of A$50.9 million [7] - Updated financial guidance for FY2026 estimates revenue between A$30 million to A$35 million, with approximately 40% expected in the first half and 60% in the second half [11] Manufacturing and Production - Production of finished powder increased by approximately 240% from the previous quarter, but was still insufficient to meet demand, resulting in a backlog of A$0.5 million in unfilled orders [7][13] - Customer powder shipments rose from 4,900 kg in Q4 FY2025 to 12,410 kg in Q1 FY2026, a sequential increase of 153% [7] - The company is scaling manufacturing operations, transitioning to two 10-hour shifts, 6 days per week on two atomizers [7] Strategic Collaborations - Amaero completed a collaboration with Castheon/ADDMAN to improve C103 material properties, establishing itself as a preferred supplier for advanced propulsion and thermal protection systems [5] - An exclusive, long-term supplier agreement was signed with Knust-Godwin for titanium alloy powders [10] - A five-year exclusive supplier agreement was also established with Titomic for refractory and titanium alloy powders [14] Leadership and Organizational Changes - The Chairman and CEO relocated to Chattanooga, Tennessee, to oversee the scaling of production [4] - Key leadership hires include Brett Paduch as CFO and Mark Struss as VP of Manufacturing Operations, enhancing the company's operational capabilities [15] Industry Positioning - Amaero is positioned as a key enabler in the adoption of cold spray technologies for mission-critical defense and aerospace applications [18] - The company aims to address vulnerabilities in the U.S. domestic supply chain and establish resilient manufacturing capabilities [19]

Core Insights - Nano Dimension Ltd. is collaborating with ALOFT AeroArchitects and Spectrum Networks to utilize Markforged composite 3D printing systems for producing certified, flight-ready components for high-profile aircraft [1][6] Group 1: Technology and Innovation - Spectrum Networks has adopted Markforged's FX10 platform and Continuous Fiber Reinforcement (CFR) technology to manufacture replacement parts, significantly reducing lead times from months to weeks [2][3] - The SPN 31 LED retrofit, developed to replace outdated halogen fixtures, exemplifies the use of CFR technology to enhance structural integrity and surface finish for direct installation [3][4] - Each part produced undergoes automated laser micrometer inspection, generating a layer-by-layer conformance report, which aids in regulatory acceptance by the FAA and global aviation authorities [5] Group 2: Market Demand and Impact - In 2024, Spectrum Networks produced over 10,000 certified flight parts using Markforged printers, contributing to the modernization of aircraft interiors and reducing operational downtime [4] - The collaboration between ALOFT and Spectrum demonstrates the capability of Markforged technology to meet stringent safety, quality, and performance standards in the aerospace sector [6] Group 3: Company Overview - Nano Dimension Ltd. focuses on advanced digital manufacturing technologies across various industries, including defense, aerospace, and automotive, emphasizing rapid deployment and sustainable practices [7]