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7 April 2014

SLM Solutions Group –a leader in metal based 3D printing

Company presentation

Disclaimer

1

This Presentation has been produced by SLM Solutions Group AG (in the course of formation) (the “Company”) and no one else and is furnished to you solelyfor your information.

This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry inwhich the Company operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts,sometimes identified by the words “believes,” “expects,” “predicts,” “intends,” “projects,” “plans,” “estimates,” “aims,” “foresees,” “anticipates,” “targets,” andsimilar expressions. The forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources, contained inthis Presentation are solely opinions and forecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantlyfrom any anticipated development. None of the Company or any other person guarantees that the assumptions underlying such forward-looking statements arefree from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of theforecasted developments.

No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates,targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly,none of the Company or any other person or any of its parent or subsidiary undertakings or any of such person’s officers or employees accepts any liabilitywhatsoever arising directly or indirectly from the use of this document.

By reviewing this Presentation you acknowledge that you will be solely responsible for your own assessment of the Company, the market and the marketposition of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance ofthe Company’s business.

This publication constitutes neither an offer to sell nor an invitation to buy securities.

This Presentation speaks as of 07-Apr-14. Nothing shall under any circumstances, create any implication that there has been no change in the affairs of theCompany since such date.

This presentation is not for publication or distribution, directly or indirectly, in or into the United States of America. This presentation is not an offer of securitiesfor sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended,and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being madein the United States. No offer or sale of transferable securities is being, or will be, made to the public outside Germany and Luxembourg. Offers in Germanyand Luxembourg will be made exclusively by means of and on the basis of a prospectus that will be published and will be available free of charge inter alia atthe Company.

SLM Solutions Group overview

2

1

Balanced mix of industry veterans and highly experienced management with complementary technological, operational and capital markets skill sets

Experienced and dedicated management team

3

Market Development, PR Key client relationships

Corporate Finance Accounting and Controlling IT, Facility Management Legal, Compliance Investor Relations

Sales and Product Marketing

Technology Innovation Application Technology Key Account Management

Responsibilities

Relevant experience

PriorProfessional Experience

Hans IhdeFounder / Shareholder

Chairman of Supervisory Board

Henner SchönebornEVP, Founder / Shareholder

Uwe BögershausenCFO

43 years28 Years15 Years

CEO MCP Group CEO MTT Group CEO SLM Solutions Group Commercial education

Hydraulic and Pneumatic Engineer

Application Consultant Master degree in

Technology Economics and in Mechanical Engineering and Design

CFO Derby Cycle AG (IPO) CFO aleo solar AG (IPO) Roland Berger Master degree in

Economics from University of Oldenburg

Research & Development Purchasing and Logistics Production Quality Service Key client accounts

Dr Markus RechlinCEO

22 Years

Bain Capital Boston Consulting Draeger Medical PhD in Engineering from

RWTH Aachen

Source: Company information

SLM Solutions Group – a leader in metal 3D printing

4

Key products A leading metal 3D printing company

SLM 280HL

SLM 500HL

(a) As subsidiary of MCP group | (b) Number of machines brought to market via SLM HL: 76 thereof 4 demo machines, via Fockele & Schwarze: 5, via MTT: 6, 46 Realizer machines were brought to market and serviced by SLM Solutions GroupSource: Company information

SLM 125HL

Historical origins in rapid prototyping technology(a)

Paved the way for today’s primary focus: 3D printing for industrial volume production and prototyping

A leader in selective laser melting technology

Installed base of 133(b) SLM systems as per 31-Dec-13

28 SLM machines sold in 2013

>80 employees in 2 locations as of 31-Dec-13

Selective Laser Melting

77%

Rapid Prototyping

23%Germany

32.9%

Asia/Pacific22.5%

EU ex Germany20.0%

US16.9%

RoW7.7%

SLM Solutions Group – a global company

5(a) Bonuses and discounts not allocated to regionsSource: Company information. Based on IFRS financials

Total 2013: €21.6m Total 2013: €21.6m

Revenue split by segmentRevenue split by region(a)

International revenues:

67.1%

11.9

17.5

21.6

1.2

1.9

2.5

10.0%

11.1%

11.5%

2011 2012 2013

Revenue Adjusted EBITDA Adjusted EBITDA margin

SLM Solutions Group – rapid and profitable growth

6Note: Based on IFRS financials(a) EBITDA adjusted for one-off costs related to entry of Parcom Deutschland I GmbH & Co. KG, one-off costs related to IPO and other non-recurring costs. Source: Company information

Strong revenue growth and margin expansion (€m)

Strong organic growth with CAGR of approx. 35%

Healthy and increasing adjusted EBITDA margin

Disciplined fixed cost base and asset light business model support profitability and returns

Growth resulting in scale effects in production and raw materials procurement

CAGR:

35%

45%

# of SLMmachines sold

7 21 28

(a) (a)

SLM Solutions Group – a deep rooted 3D printing heritage

7Note: History of SLM Solutions Group and its predecessors Source: Company information

Rapid prototyping

Since 1970

Development of SLM technology

1998 - 2002

Fibre Laser technology

2003

First company to process aluminum and titanium

2006

400 Watt technology

2007

2009

Hull–Core technology

2011

Multi laser technology &automated powder handling devices

2013

Drive industrial application of 3D metal based printing technology

2014 onwards

SLM 500HL

SLM 125HL

SLM 280HL

SLM 250HL

Minimal penetration to date of an enormous addressable market

8Source: CODEX Partners, Wohlers

100%

0.1%

Manufacturing market (2012) 3D printing market (2012)

<

Opportunity

$10.5tn $2bn

3D printing today as a % of the manufacturing market

“The global economy is worth about $70 trillion, and manufacturing accounts for more than 15%, which is $10.5tn.

If AM grows to capture just 1% of this global manufacturing market, that’s $105bn”

Source: Wohlers

Implied metal 3D printing market size of $0.2bn (~9% of 3D printing

is metal based 3D printing)

Metal 3D printing is believed to be at an inflection point

9

Phases of customer adoption process

Source: Roland Berger, Broker research

Rev

enue

opp

ortu

nity

TimeToday

Industrial companies for volume production

Academic and R&D

Industrial companies for prototyping

SLM Solutions Group – one of few pure play metal 3D players

10

Materials Industries Revenues

Name HQ Stee

l

Tita

nium

Alu

min

um

Nic

kel

Cob

alt-C

hrom

e

Prec

ious

allo

ys

Oth

er m

ater

ials

Den

tal

Hea

lthca

re

Aut

omot

ive

Aer

ospa

ce

Tool

mak

ing

Jew

elry

2012

in €

m

Number of metal

3D printing systems sold in 2012(a)

EOS DE x x x x x x x x x x x x x nm 44

DE x x x x x x x x x x 18 21

Concept Laser DE x x x x x x x x x x x x x 18 43

Arcam SE x x x x x 16 23

Realizer DE x x x x x x x x x x x 4 14

Renishaw UK x x x x x x x nm 12

PhenixSystems(b) FR x x x x x x x x 4 10

(a) Sorted by estimated revenues of metal 3D printing systems sold in 2012(b) Acquired by 3D Systems in July 2013Source: Company information, company register, Creditreform, CODEX Partners, Wohlers

Key considerations

SLM Solutions Group one of few pure play 3D metal printing companies

Our solutions provide ready-to-use parts in volume and excel across speed, quality and cost

Density grade of up to 99.9%, comparable to the highest quality of “traditional” manufacturing processes

Main competitors are Concept Laser and EOS

Different technology than Arcam

Our flagship product: The SLM 500HL

Latest generation turbine blades Titanium Hip Implant

11

Impeller

Key considerations

Designed for industrial applications

Developed since 2010 with early involvement of key customers during development

Highest build rate among laser technologies available in the market today(a)

Build chamber has been designed according to the advice of automotive and

Build chamber of 500 x 280 x 325 mm

Multi laser technology with up to 4 scan heads (4x400W)

Hull-core technology with 2 scan heads (2x400W and 2x1000W)

Optional Beam Switch (400W/1000W) for hull-core strategy

Automatically exchangeable build chamber to allow for continuous machine usage, ie no time required for cooldown of object (“Wechselbauraum”)

Automatic powder handling / sieving station

Strong interest from customers – 4 prototypes sold

Mid 2014 start of serial production planned

(a) Source: CODEX partnersSource: Company information

Key investment highlights

12

2


13

3D Printing: Massive addressable market nearing inflection point with a long runway for growth

Sweet spot positioning in the 3D printing industry targeting the most attractive segments

A leader in 3D metal printing market with excellent technology and differentiated solution

Excellent IP portfolio and application know-how

Diverse and growing blue chip customer base

1

2

3

4

5

Massive market potential

Superior positioning

A technology leader

Barriers to entry

Proven technology

1 2 2

4

6

8

11

2009 2011 2013 2015 2017 2019 2021

3D printing is a highly disruptive technology

14

Rapidly growing expanding market opportunity (global market size)

3D Printing awareness has significantly increased over time

(a) Represents Google search popularity of “3D printing” over time (searches done for a particular term, relative to the total number of searches done on Google over time)Source: Wohlers Associates, Google, press articles, Broker research

1

2005 2007 2009 2011 2013

February 10, 2011The Economist published cover article “Print me a Stradivarius: How a new manufacturing technology will change the world”

November 12, 2012GE Aviation acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing

Rapid Quality Manufacturing, Inc.

= Google trends development(a)

(US$bn)The 3D Printing market is expected to grow at 25% CAGR, partially by replacing traditional manufacturing processes

but also by creating its own unique applications

Sweet spot positioning targeting the most attractive segments

15

Strong and accelerating growth in metal 3D printing

2

SLM covers all relevant end markets

4%7% 8% 10% 12% 14%

17%20%

24%28%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Direct parts production as a % of overall 3D

Printing market

Direct parts production has been increasing

SLM’s target segments represent ca. 84% of total end market

Source: Wohlers Associates, CODEX Partners, Broker research, Company presentations

= SLM Solutions Group end market

125

144

166

207

2009 2010 2011 2012

Aerospace20%

Service center18%

Healthcare14%

Dental13%

Academic Institutions

13%

Automotive6%

Others16%

(New system units sold)

Estimated revenue growth significantly higher, as

capabilities and prices of units sold have increased

(Metal 3D printing systems installed by industry worldwide in 2012)

$0.2bn

$0.6bn 3D printed direct parts production

(US$bn)

$0.4bn$0.3bn

53%

91%

9%

12%

17%

19%

2012 2012

Significant upside from developing consumables and service business

All materials Only metal€1,701m €161m

(Worldwide, in €m and %, 2012)

Metal

Other

Contract manufacturing

(job shop)

Services (maintenance

etc.)

Metal sales (material)

Systems

€31m

€27m

€19m

€85m

Number of units

97%

82%

3%

18%

2012 2012

Substantial upside opportunities for SLM Solutions Group

3D metal printing offers most attractive opportunities

Revenues7,770 €460m

Source: CODEX Partners, Wohlers

(Worldwide, in # of systems and €m, 2012)

Metal

Other materials

(207)

(7,563)

€85m

€375m

2

16

SLM Solutions Group operates in the 3D metal market which is characterised by high value-added printers. Within this market, the Company is focused on printer systems and will develop the consumables business

3D metal printing with different value proposition compared to plastics

17

2

Mac

hine

sO

utpu

t exa

mpl

eC

usto

mer

se

gmen

ts Consumers

Professionals (eg architects)

SMEs

Industrial companies

Service bureaus

Research institutes

Note: Plastics cover broader range of applicationsSource: Company information

Consumer plastic Industrial metalIndustrial plastic

Industrial companies

Service bureaus

Research institutes

Indu

stria

l ap

plic

atio

n

The power of metal 3D printing vs traditional manufacturing methods

18

2

Materials/alloys

Sizes & shapes

Density

Stability

Surface

Biocompatibility

Texture

Prototyping

Repair

Lower capex

Flexible location

No storage cost

Direct part cost

Weight

Maintenance

Part integration

Eco balance

Material saving

Additive Manufacturing Optimized Part Design+Same or superior part properties Higher speed & flexibility Lower total cost of ownership

Source: Company estimate for illustrative purposes

voxeljet

ExOne

Arcam ABEOS Concept LaserRenishawPhenix Systems

Relevancefor metal

Powder Bed Fusion technology is most relevant for metal 3D printing

19

Powder bed fusion Thermal energy selectively fuses regions of a powder bed Key technologies: Selective Laser Melting, EBM

Metals,polymers

Technology Materials

Directed energy deposition Focused thermal energy is used to fuse materials by

melting as the material is deposited Metals

Sheet lamination Sheets of material are bonded to form an object Metals,

paper

Binder jetting Liquid bonding agent is selectively deposited to join

powder material

Metals, polymers,

foundry sand

Material jetting Droplets of build material are selectively deposited Polymers,

waxes

Material extrusion Material is selectively dispensed through a nozzle or

orifice Polymers

Vat photopolymerization Liquid photopolymer in a vat is selectively cured by

light-activated polymerizationPhotopolymers

(a) Powder bed fusion technology accounting for 81% of metal based 3D systems sold as per CODEX Partners analysisSource: ASTM International Committee F42 on Additive Manufacturing Technologies; Roland Berger, CODEX Partners

3

Companies with this technology

Met

al te

chno

logi

es

Others

Mcor Technologies

TRUMPF

Optomec

DMG Mori Seiki

81%(a)

Selective Laser Melting and EBM are complementary powder bed fusion technologies

20

3

Split of powder bed systems sold (2012):

Acetabular cups

Higher build rates but comparable overall processing time due to higher post processing requirements

Especially suited for some materials with high melting temperature, e.g. titanium, cobalt chrome

Suited for complex parts and geometries Suited for a broad range of weldable materials,

particularly well suited for aluminum, titanium, cobalt chrome, tool steel and nickel based materials

Better surface finish

Higher resolution

Minimize post processing

High recycle rate at consumables

Dental caps

Pitot tube Pitot tube

Selective laser melting Electron beam melting

Note: Split of powder bed systems sold based on CODEX (2012 data)Source: Company information

EBM14%

Selective Laser Melting

86%

21

Illustrative build-up speed and resolution of selected powder bed fusion systems(a)

(a) Based on 2012 Wohlers report(b) Measured by layer thicknessSource: CODEX Partners, company estimates

SLM Solutions Group delivers top quality at high speed

3

Max

imum

bui

ld-u

p sp

eed

in c

m³/h

Low High

High

Resolution(b)

EBM

Functionality

Speed

Surface finish

Accuracy

Performance

Low

Build speed advantage due to multi laser technology

616

211

55

2

7

21

28

2011 2012 2013

SLM 250HL/SLM 280HL SLM 125HL SLM 500HL

SLM Solutions Group well positioned due to its technological advantages

22

3

(a) According to CODEX Partners(b) Based on company estimateSource: Company information, CODEX Partners, Wohlers, broker research

SLM Solutions Group has recently shown high growth Market share expansion

(SLM HL systems sold globally p.a.)

SLM Solutions' key differentiators

Highest build rate in its class due to multi laser technology(a)

Patented bi-directional loader movement

Automated powder and build part handling

Large build chamber size appropriate to address many common product dimensions

Open architecture allowing for diverse applications and materials used

166 207

7 21 28

2011 2012 2013

Total market SLM Solutions

(New

sys

tem

uni

ts s

old)

Revenue growth significantly higher driven by average sales price growth due to

larger size and capabilities

~4% ~10% ~13% SLM market share (of total metal market)

SLM machine ASP (€’000):

473 537

CAGR: +7%

2011 2013

Powder Bed: 124

Powder Bed: 167

35% growth based on powder bed systems

(b)

23

100%

Monolaser400W

(a) Productivity accounted without powder deposition time(b) Productivity depending on number of layers melted with 1000W laserSource: Company information

Up to 200%

2x 400W2 ScannerSLM 280HL

Up to 400%

4x 400W4 ScannerSLM 500HL

1x 400W1x 1000W1 ScannerSLM 280HL

~150 – 300%(b)

2x 400W2x 1000W2 ScannerSLM 500HL

~300 – 600%(b)

SLM Solutions Group with powerful multi laser technology

3

Build rate(a)

Beam switch patent

Other companies focused on hull-core with single laser

Hull-Core Technology

Multiple laser

SLM Solutions Group early adopter of technology

Established SLM technology:

− Advanced exposure strategy for overlapping areas

− Laser beams positioned next to each others in gas stream

Selected R&D focus areas:

New powder cassette

Tailored microstructure production

Melt pool temperature monitoring

Laser power management and control


24

4

Strong experience and knowledge

Exclusive experience with innovative solutions

− e.g. laser parameter settings

History of technology leadership

SLM Solutions Group holds a number of key patents, providing an excellent level of protection for its technology

Dr. Dieter Schwarze and his team are renowned researchers and developers of the SLM technology. He and his team transferred all rights to the company

More than 30 patent applications since 2009; approx. one patent application filed per month in 2013

Excellent proprietary IP portfolio

Extensiveprocess know-

how

Key targets:

Increase efficiency

Improve robustness and reliability

Reduce total operating risk for customers

Research & Development


SLM Solutions Group has a blue chip customer base and its global reach is expanding…

25

5

SLM Solutions Group has exposure to attractive end markets and has longstanding relationships with blue chip customers

The market continues the shift from rapid prototyping to industrial applications

SLM Solutions Group is well positioned to capitalise on this trend given SLM Solutions' technology and customer base

SLM Solutions Group is already operating in key industries Selected blue chip customers

Source: Company website

Aerospace Automotive

Healthcare Energy

General Electric Global Research

General Electric Aviation

General Electric Energy

Alstom

Siemens

BMW

Airbus Innovation Works (EADS)

NASA

SpaceX

BEGO

More than 60 universities and research institutes

Polyshape

Citim

Fruth

Aviation

…with key customers advancing from prototyping to volume production

26

General Electric – Jet Engines

GE has a global team of 600 engineers at 21 sites driving additive manufacturing technologies

Operates a full-scale additive manufacturing facility in Ohio

SLM Solutions' machines help GE to increase precision and productivity in this field and the company’s benefit from a strong partnership

GE forecasts to manufacture 100k additive parts for GE Aviation by 2020

GE believes that ~450kg weight reduction per aircraft engine can be achieved through 3D direct manufacturing

GE is one of SLM Solutions' largest customers and an important development partner

GE makes significant effort in 3D printing

Product examples: Fuel nozzles for Jet Engines and Ultrasound Transducers

5

Source: GE company data

Business model and strategy

27

3

SLM Solutions Group is focused on the “core” of 3D printing

28

Software / design libraries

Service bureaus

3D Printing “solution” providers

3rd party manufacturers

Materialise

Shapeways

Proto Labs

Stratasys

3D Systems

EOS

EnvisionTEC

voxeljet

Arcam

Concept Laser

ExOne

Materialise Materialise

Stratasys

3D Systems

3 Shape

NetFabbExOne

voxeljet

3D SystemsStratasys

Note: Represents selected 3D printing companies“Solution” includes primarily systems but also accessories and associated services and consumables

Source: Company information and public information

Core SLM business leveraging rapid prototyping experience

29

Consumables

Services

Metal casting machines

Vacuum casting

Complementary equipment

Metal alloys

Resins

Nylon

Jobshop

Small-batch production

Prototyping

Maintenance of machines

Metal-based 3D printing systems

All using Selective Laser Melting

Complementary equipment

Automation equipment

Metal powders

Other consumables like filter,

recoater blades, etc.

Benchmarks

Engineering

Maintenance of machines

Jobshop

Equipment Deep rooted heritage in selling metal-based systems

Experienced in capturing recurring consumables revenues

Service experience helps understand the needs of 3D printing customers

Rapid Prototyping(Casting)

Selective Laser Melting(Metal Printing)

Sales 2013A: €16.6m

77% of total sales

Sales 2013A: €4.9m

23% of total sales Note: Based on IFRS financialsSource: Company information

30

Continued focus on R&D

Offer even more productive and excellent solutions to customers Continued investment in R&D especially around developing

in-house capabilities and expanding current offerings Further enhancement of IP portfolio Investments in software development to further enhance our

solutions applicability and user experience

Develop metal powder

business Develop metal powder business by adding manufacturing

capabilities through acquisitions or partnerships

Sales force and services

network

Capitalize on platform expansion to catalyze larger machine sales Develop a global platform with local presence Build sales force exclusively focused on selling our 3D printing

solutions Expand sales presence in North America and establish a sales

presence in Asia Develop new demo centers to promote brand awareness Focus on expanding service offering pre- and post sales Strengthen offering of service / maintenance contracts and

trainings for customers

We strive to become a global leader in metals based 3D printing for industrial applications


Provide materials and services support

Highly attractive business model focused on building the installed base and driving recurring revenue

31

Sale of 3D printers

Build installed base

Drive recurring revenueDrive market adoption

Continued innovation

R&D Industrialcustomers

(a) As per December 2013(b) Number of machines brought to market via SLM HL: 76 thereof 4 demo machines, via Fockele & Schwarze: 5, via MTT: 6, 46 Realizer

machines were brought to market and serviced by SLM Solutions GroupSource: Company information

Installed base of 133(a)(b)

Headquarters

Distribution partners

Lübeck, Germany

Detroit

US subsidiary

32

Further expand global sales, application and service footprint


Set up 2 additional sales and service offices in California and the South East

Hire 2 more sales and 3 more service and application professionals

Hire 1 COO / General Manager

Americas

Expand sales offices in Spain, Italy Hire 2 sales professionals in Italy and Spain Hire professionals and trainees for backup in sales,

application and material science in Lübeck Add distribution partners

EMEA

Setup Singapore subsidiary as a sales, application and service hub in Asia

Qualify Japanese distributor with full sales application and service facility

Renew agency / distributor in Australia / New Zealand

APAC

• Invest in additional demo centers• Establish on site service centers for multiple production machine orders• Ability to seize on selected sales and service network acquisitions

Reduced unit costs expand SLM Solutions Group’s addressable market

33Source: Company estimate for illustrative purposes

Complexity

Co

st

Cost per part early machines

Addressable Market Today

Traditional Manufacturing

Cost per partcurrent machines

Further reduction of cost per part

Illustrative development of cost per part and addressable market

Industrial companies for volume production

Industrial companies for prototyping

Operations

34

4

Production capability

35

Production area expanded in July 2013 from 200m2 to over 600m2

28 FTE (including 12 purchasing and logistics FTEs)

8 assembly stations with power, gas and water supply

Current production area sufficient to produce up to 100 machines p.a.

− 20 days per machine times 8 assembly stations = 100 machines p.a. (one shift) given 250 working days p.a.

− Opportunity to improve flow of material (Kanban, SAP, flow assembly) and to reduce cycle time to below 20 working days per machine

− 8 machines already delivered in December 2013

Each machine is thoroughly tested (including test runs) before shipment

Close collaboration with R&D to capture opportunities for cost reduction and reduced cycle times

Joint effort between production, logistics and purchasing to implement lean manufacturing concepts, e.g. 5S, CIP manufacturing processes


Quality management

36

ISO 9001 certified since 1995

Continuous improvement of quality management system

− 7 new quality procedures and 25 new forms released in 2013

End control of every machine produced

− Self control by assembly workers

− Systematic functional test by dedicated end control team

− Significant reduction of installation effort since introduction in Q4 / 2012

Six sigma initiative recently launched


Well diversified supplier base

37

Sourcing strategy

Sourcing of primarily standard off-the-shelf-components, e.g. electrical / pneumatic components, PC

Partnering with local suppliers for special mechanical parts and components

Sourcing of high value parts and components (e.g. laser and optical components) from preferred partners

Sourcing of complete preassembled modules instead of single parts, e.g. recoater

SLM segment: top 15 suppliers make up for 68% of total purchasing value in 2013

Sour

cing

val

ue %

of t

otal

(201

3)

Top 15 suppliers

68%

13%

PowderLaser and optical components Licenses SoftwareOther parts and components

Note: Selective Laser Melting makes up for more than 75% of the total purchasing value in 2013 Source: Company information

R&D – the “backbone” of SLM Solutions Group

38

12 FTE (or 15% of SLM Solutions Group(a)) in process, system, materials, SW / electronics and mechanical engineering Additional contracted resources (mechanical engineering, SW and research institutions) Investments in prototypes, equipment and tools

− €1.6m(b) spent on R&D in 2013

Input: voice of customers and other stake holders

Close relationships to customers

Adapting products to customer needs

Collecting feedback from sales, marketing, production and service

Ongoing consideration of new technologies

R&D pipeline

Methods/ know-how

Patent applications

Innovations Options

/ upgrades Enhancements

/ facelifts

Laser power management, melt pool monitoring, Quasi monocrystalline microstructure

SLM 500HL, PSA 500 Twin optics,

new recoater SLM 280HL

12 new technologies

17 new products

Recent examples

Process

Resources & organization

(a) Represents figures as of December 31, 2013(b) Includes approx. €165k for testing laboratorySource: Company information

Products and intellectual property

39

5

SLM Solutions Group and its predecessors have a history of innovation…

40

1996 – 1998 Basic Research F&S Stereolithography GmbH, Trumpf GmbH and Fraunhofer Institute for Laser Technology (ILT)

1998 – 2002 Fockele & Schwarze (F&S) research leading to IP with today more than 30 own patents and applications

2002 F&S/SLM Solutions(a) partner to develop, produce and market the SLM Technology to industrial requirements

2003 Launch of first Fibre Laser technology with the MCP SLM 250

2006 Launch of SLM 100 as an entry model

2007 Launch of the 400 Watt technology

2009 Launch of the new SLM 250HL

World Wide cross license agreement with Trumpf, EOS and Fraunhofer ILT

2011 Launch of SLM 125HL and SLM 280HL with hull and core (400W & 1000W) technology and 3D laser technology

2012 Introduction of SLM 500HL and the multi laser technology

2013 Launch of SLM 500HL with additional automated powder handling devices

(a) In 2002 SLM Solutions Group was known as MCP. MCP changed its name to MTT Technologies Group in 2008. MTT Technologies GmbH, Lübeck was renamed into SLM Solutions GmbH in 2010Source: Company information

…and created a technology leader in metal 3D printing with a differentiated solution

Highest build rate in its class due to multi laser technology and 3D optics. Laser options:

- Twin laser technology: 2x 400 Watt lasers

- Quadruple laser technology: 4x 400 Watt lasers

- Hull & core double laser technology: two sets of 1x1000 Watt + 1x400 Watt lasers each

Patented bi-directional loader movement

Closed loop powder cycle

Layer control system (LCS)

Automated exchangeable build chamber to allow for continuous machine usage

Open architecture allowing for diverse applications and materials used

Comparable density, resistance and accuracy ofcast components

41

Latest generation turbine blades Titanium Hip Implant Impeller

Key technological highlights and USPs


Excellent IP portfolio and clear R&D roadmap

42

Long-term relationships with universities and R&D institutes

− Shared projects create synergies for innovation

Feedback from other clients also translates into future improvements

Strong brand attracts engineering talent

High tech ecosystem

Strong R&D investment

Continued R&D spending

Hiring of human capital key focus

Excellent track record of R&D department

History of innovation

At the fore front of the industry for certain key milestones:– Multi laser strategies– Automated powder handling– 3D optics– Bi-directional loader movement– Automated exchangeable build chamber

Excellent IP position

SLM Solutions Group holds a number of key patents, providing an excellent level of protection for its technology

Dr. Dieter Schwarze and his team are renowned researchers and developers of the SLM technology. He and his team transferred all rights to the company

More than 30 patent applications since 2009; approx. one patent application filed per month in 2013


R&D focus areas

43

Enlarged build envelope

Higher build rate – faster recoating & multilaser

Robustness 24/7

New powder cassette

Tailored microstructure production

Melt pool temperature monitoring

Laser power management and control

Process monitoring & control

Optimized powder and build part handling

Data management – storage & export

User friendliness

Easy maintenance

Cost of machine and associated peripherals

Standardization, modularization and flexible customization

Remote operation and service


Functionality

Speed

Surface finish

Accuracy

Performance

Higher operating speed

Weight reduction more than 60%

Operable under higher temperature

Selected relevant R&D focus areas

44

Strengthens part robustness for high temperature applications eg turbine blades

Quasi single crystalline structure

Requires correct parameters (power, speed, layer thickness, beam diameter) to be used with 1000W laser

New powder cassette (powder conveyor/container)Tailored microstructure production (quasi single crystalline)


Real time heat map

Monitoring of melt pool temperature for quality assurance

Selected relevant R&D focus areas (continued)

45

Improved real time laser power monitoring

Improved quality assurance

Process monitoring and control Laser power management and control

Start

End


SLM Solutions Group‘s technology covers the most relevant metals...

46

Aluminium Cobalt-Chrome Inconel TitaniumTool Steel and Stainless Steel

Material Properties

Light weight Good alloying properties Good processability

(casting and pressing etc) Good electrical conductivity

High toughness High strength Good bio-compatibility Good corrosion resistance

High corrosion resistance Excellent mech.strength High creep rupture strength

up to 700°C Outstanding weldability

High strength, low weight High corrosion resistance Good bio-compatibility Low thermal expansion Good machinability

High hardness and toughness

High corrosion resistance Good machinability

Applications

Aerospace Automotive General industrial

applications

Dental Medical implants High temperature

Aerospace Gas turbines Rocket motors Nuclear reactors Pumps Turbo pump seals Tooling

Bio-material for implants Aerospace F1 motor sport Maritime applications

Plastic injection and pressure diecasting moulds

Medical implants Cutlery and kitchenware Maritime Spindles and screws

Alloys

AlSi12 AlSi10Mg AlSi7Mg AlSi9Cu3 AlMg4,5Mn0,4Other Materials on request

Co212-f acc to ASTM F75 Inconel 625 Inconel 718 Inconel HX (2.4665)

Pure titanium Ti6Al7Nb Ti6Al4V Grade X materials

on request

1.2709 1.4404 (316L) 1.2344 (H 13) 1.4540 (15-5PH)Other Materials on request

Propeller for racing boatsas scaled model for flow measurements

Dental caps and crowns in cobalt-chrome

Turbine blade of latest generation with internal conformal cooling

channels to improve performance of jet engines

Individual Hip Implant in Titanium made for an Australian patient

Mould inserts with integrated, surface conformal cooling channels. Photo with kind permission of Gardena AG


...with a diverse and competitive product portfolio

47

SLM produces excellent metal printers based on powder bed fusion technology

Key differentiators vs. direct competition include multilaser systems and quality of output

Functionality

Speed

Surface finish

Accuracy

Performance

SLM 125HL SLM 280HL SLM 500HL

SLM

sys

tem

s 125 x 125 x 75mm chamber Entry level tool able to handle

broad range of metal components

280 x 280 x 350mm chamber Multi laser technology

500 x 280 x 325mm chamber Automates the management

of powder and eliminates manual handling of loads

Multi laser technology

Max. build speed – 15 ccm / h – 35 ccm / h – 70 ccm / h

Units sold ’13E(a) – 5

– 19 SLM 280HL

– 2 SLM 250HL – 2 (launch in Dec-13)

Oth

er/ a

dditi

onal

pr

oduc

ts – PSM 100– PSH 100– PSX

Powder recovery for each system for emptying the process chamber and refilling the powder container

(a) Invoiced machinesSource: Company information

Next step: Integrating SLM machines into complex production processes

Inert atmosphere Safe powder handling Short processing times Closed-loop powder cycle Automatic sieving and feeding

48

Example: PSX – automated powder handling

PSA 500 prototype – fully automated powder handling Example: Process set up

Schematic of process enhancing integration


Financial overview

49

6

50

Strong and growing adj. EBITDA margin in the range from approx. 10-12% from 2011-13 on group level

Strong and growing EBITDA margin of 14% achieved in 2013 in the SLM segment

Stable and increasing

margin profile

Asset lightbusiness

model Tangible asset light business model with low ongoing capex requirement

Strong order pipeline Currently in discussions with potential customers for a total of 133 SLM machines

Outlook Positive outlook on key metrics for 2014 and beyond

35% CAGR achieved between 2011-13 on group level

99% CAGR achieved between 2011-13 in the SLM SegmentAttractive

sales growth

Attractive financial profile and outlook


Note: Based on IFRS financialsFigures for 2011 and 2012 based on SLM Solutions GmbH and for 2013 based on SLM Solutions Holding GmbH.

(a) EBITDA adjusted for one-off costs related to financing, one-off costs related to IPO and other non-recurring costs (unaudited).Source: Company information

Strong revenue, adjusted EBITDA and margin growth

51

Revenue Adjusted EBITDA(a) Adj. EBITDA(a) (% of revenue)in €m in €m in %

4.2

11.216.67.7

6.2

4.90.1

2011A 2012A 2013A

21.6

35% p.a.

Increasing margin Strong revenue growth achieved with 35% growth p.a.

77% of revenue in 2013 generated by SLM segment vs. 23% in RP segment

Revenue increase generated from organic growth only

Adjusted EBITDA grew by 45% p.a. and thus even higher than revenue as economies of scale start to be realized and a mix in products is shifted towards SLM 500HL

Unadjusted EBITDA of €2.3m in SLM segment and €0.2m in RP segment (bridge effects of -€0.4m) in 2013

11.9

17.5

1.21.9

2.5

2011A 2012A 2013A

45% p.a.

10.0%

11.1%

11.5%

2011A 2012A 2013ARP segmentSLM segment Other / consolidation

52

Adjusted operating expenses as % of total output Comments

SLM SolutionsGmbH

SLM SolutionsHolding GmbH

SLM SolutionsGmbH

Raw materials and consumables used

Personnel costs

Other operating expense (net of other operating income)

Note: Based on IFRS financials Total output includes revenue, changes in inventories and internally produced and capitalized development costsBased on adjusted costs. Other operating expenses 2013A adjusted for one-off costs related to financing (€0.2m) and one-off costs related to IPO (€0.1m) and personnel costs in 2013A adjusted for other non-recurring costs (€0.1m)


Operating expenses primarily related to raw materials and consumables used

Raw materials and consumables used are the largest individual cost position

− Continued potential to decrease raw material costs given economies of scale from higher purchasing volumes and less expenses related to the prototype of the SLM 500HL as it is entering series production

Share of personnel costs relatively stable over the observed period

Share of other operating expenses is increasing over the observed period, particularly given an increase of the overall organization and setup

54.0% 54.1% 51.2%

23.3% 19.5% 20.8%

13.3% 16.2% 16.9%

2011A 2012A 2013A

22%

9%

28%

41%

2013A

7%

53%

6%

34%

2013A

Strong balance sheet and tangible asset light business

53Note: Based on IFRS financialsSource: Company information

Balance sheet SLM Solutions Holding GmbH Comments

Cash and cash equivalents

Intangible assets

Tangible assets

Others (particularly trade receivables and inventories etc.)

Pension plans and similar commitments

Other liabilities

Financial liabilities

Equity

Assets Equity & Liabilities

Strong capitalisation with €14.7m equity (approx. 41% of total liabilities and equity) per December 2013

Solid cash position with cash and cash equivalents of €2.4m per December 2013 and undrawn credit lines of up to €3m

Financial liabilities of €8.0m per December 2013 attributable to a shareholder loan by Parcom Deutschland I GmbH & Co. KG; amount converted into capital reserves in Q1 2014

Tangible asset light financial model with only €2.1m (approx. 6% of total assets) per December 2013

Intangible assets of €19.0m (approx. 53% of assets) per December 2013, thereof the vast majority attributable to PPA effects of €17.6m

€35.6m €35.6m

0.0 0.2

1.90.4% 0.9%

8.4%

2011A 2012A 2013A

Trade working capital at year end driven by a strong Q4 − low capex before one-time effects

54Note: Based on IFRS financials

Total output includes revenue, changes in inventories and internally produced and capitalized development costs (a) Based on total output in 2012A of SLM Solutions GmbH Source: Company information

Capex overview in €m

Trade working capital overview

3.4 4.9 5.92.3

4.65.8

‐1.8 ‐2.7 ‐2.0

3.9

6.89.830.2%

35.6% 43.7%

2011A 2012A 2013A

in €m

SLM SolutionsGmbH


SLM SolutionsGmbH

Trade receivables Inventories Trade payables Total trade working capital as % of total output

Comments

Trade receivables driven by strong Q4 sales that lead to high trade receivables at year end

Shortening of production lead times is secured by inventory

Prototype production of new SLM 500HL also caused an increase in inventory in 2013

Comments

Increase in capex in 2013 primarily driven by activated development costs, the expansion of the production facility in Luebeck, the set up of a consumables testing laboratory in Luebeck and a demo center in the USA

Generally low capex requirement observed historically

Capex Capex as % of total output

SLM SolutionsGmbH


(a)


Seasonality of business − Q4 generally the strongest in terms of revenue

55

Comments

Note: The numbers in this graph are not audited and are derived solely from our internal accounting records, which are in accordance with the German Commercial Code (“HGB”). Deviations of the numbers shown in this graph from sales numbers determined, or to be published, in accordance with IFRS for the first, second, third and / or fourth quarter of the years 2011, 2012 and / or 2013 are likely, in particular due to different methods used for accruals. Historical seasonality is no guaranty of similar seasonal patterns in the future. Investors should not rely on our past results as an indication of our future performance. Midpoint based on average

Source: Company information derived from internal reporting for the years 2011, 2012 and 2013; revenue recognition based on date of invoice

15%

24% 23%

38%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Q1 Q2 Q3 Q4

Quarterly revenue pattern shows seasonality, which is driven by various effects such as budget spending of clients at year end and an important trade fair (Euromold) in Q4

Q1 typically is the weakest quarter; Q4 generally is the strongest quarter, accounting for approx. 35-40% of total revenue recorded in the respective year

It is expected that the revenue development throughout the year will continue to show a seasonal pattern going forward

Quarterly revenue distributionas % of total respective yearly revenue

Considerations on taxes and pensions

56

Tax considerations

German statutory tax rate relevant for SLM Solutions Holding GmbH: approx. 31% (15% for corporate income tax, 15% for trade tax purposes)

SLM Solutions Holding GmbH may benefit from tax loss carry forwards in Germany reducing the effective tax rate

Expected effective tax rate of SLM Solutions Holding GmbH (current income taxes + deferred taxes): approx. 30%

Pension liabilities

As per 2013, SLM Solutions Holding GmbH is expected to have a approx. €3.1m pension and similar commitment deficit

Net pension costs amounted to approx. €0.2m in 2013 (€0.1m service costs, €0.1m interest costs)

Note: Based on IFRS financialsSource: Company information

57

IPO proceeds finance our clearly defined strategy

Strengthening of sales force and

services network

Capitalize on platform expansion to catalyze larger machine sales Develop a global platform with local presence Build sales force exclusively focused on selling our 3D printing

solutions Expand sales presence in North America and establish a sales

presence in Asia Develop new demo centers to promote brand awareness Focus on expanding service offering pre- and post sales Strengthen offering of service / maintenance contracts and

trainings for customers

IPO proceeds Develop metal powder business by adding manufacturing capabilities through acquisitions or partnerships

Develop consumables

business

Offer even more productive and excellent solutions to customers Continued investment in R&D especially around developing

in-house capabilities and expanding current offerings Further enhancement of IP portfolio Investments in software development to further enhance our

solutions applicability and user experience

Continued focus on R&D


Financing of the 3 initiatives and growth leads to increase in working capital requirements

Financing of working capital

1

3

2

Strong sales pipeline in place

58

Note: All machines with expected delivery in 2014


SLM machine split in 2013 vs. current pipeline (per Feb-14) Comments

Strong pipeline in place that already today reflects a shift towards the SLM 500HL machine

− Pipeline contains 17 SLM 500HL machines, constituting approx. 13% of the total pipeline already as per February 2014 vs. approx. 7% in 2013

Currently in discussions with potential customers for a total of 133 SLM machines

− Pipeline of 133 machines equals currently installed base

SLM machine pipeline (per Feb-14)

79

133

3010 5 2 7

Lead /first offer

Seriousoffer stage

Benchmarkordered

Positivefeedback

on benchmark

Verbalconfirmation

Won Total

14

133102

17

SLM125

SLM280

SLM500

Total

(a)

(a) Includes also a few units of the old SLM 250 machines

# of machines

28 133

18% 11%

75% 77%

7% 13%

2013 Current pipelineSLM 125HLSLM 280HLSLM 500HL

(a)(1)

# of machines

HL HL HL

(a)

Management outlook positive on allkey metrics

59

Revenue

Continued growth expected given our strong order pipeline and given shipments of the SLM 500HL

which is entering series production

Benefits from expansion of our sales network already visible

2013A

EBITDAEBIT

Net income

Scale benefits from higher number of machines and increased purchasing volumes

EBITDA margin in line with competitors

Benefits from EBITDA development expected to flow through to net income

No external financing post the IPO expected

Potential benefits from tax loss carry forwards

Comments Outlook

Revenue: €21.6m

Adjusted EBITDA(a): €2.5m (margin of 11.5%)

Adjusted EBIT(a): €1.9m (margin of 8.8%)

Adjusted net income(b): €1.0m

Note: Based on IFRS financials(a) EBITDA and EBIT adjusted for one-off costs related to financing, one-off costs related to IPO and other non-recurring costs(b) Net income adjusted for one-off costs related to financing, one-off costs related to IPO, other non-recurring costs and PPA related deferred taxesSource: Company information

Summary

60

7


61

3D Printing: Massive addressable market nearing inflection point with a long runway for growth

Sweet spot positioning in the 3D printing industry targeting the most attractive segments

A leader in 3D metal printing market with excellent technology and differentiated solution


Diverse and growing blue chip customer base

1

2

3

4

5

Massive market potential

Superior positioning

A technology leader

Barriers to entry

Proven technology

Appendix

Financials

62

Adjustments relate to acquisitions effects impacting 2013 financials

63

Comments

Adjustments include the following items:

− One-off costs related to financing result from the stake acquired by Parcom Deutschland I GmbH & Co. KG for structuring of financing

− One-off costs related IPO are mainly audit related and related to the transition of IFRS accounting standards

− Other one-off non-recurring costs related to the board formation

− PPA related deferred taxes

Adjusted EBITDA, adjusted EBIT and adjusted net income are proxies for the financial performance in the absence of any acquisition / transaction related effects

Adjustment bridge

2013A

Reported EBITDA 2.1

One-off costs related to financing 0.2

One-off costs related to IPO 0.1

One-off other non-recurring costs 0.1

Adjusted EBITDA 2.5

Depreciation and amortization expense -0.6

Adjusted EBIT 1.9

Interest expense -0.6

Income taxes 0.2

Deferred tax relating to PPA -0.5

Adjusted net income 1.0

in €m



1

2

3

4

1

2

3

4

Seasonality of business − Quarterly distribution of machine sales

64

CommentsQuarterly shipment of machines and equivalent value

€m

Note: Numbers represent only machine numbers and equivalent shipping value and can therefore differ from quarterly reporting going forward. This information is derived from internal accounting records for the years 2012 and 2013-.The numbers are not audited and are derived solely from our internal accounting records. Deviations from numbers published for the first, second, third or fourth quarter in 2013 are possible due to different methods used for accruals. Historical seasonality is no guaranty of similar seasonal patterns in the future. Investors should not rely on our past results as an indication of our future performance

Source: Company information derived from internal reporting for the years 2012 and 2013; numbers are unaudited; revenue recognition based on shipment date

In 2012, the number of machines shipped increased gradually from Q1 to Q4

− The average selling prices increased due to a shift towards more SLM 280HL being sold towards the end of the year

In 2013, the number of machines sold from Q1-Q3 was relatively stable and increased significantly in Q4

− The average selling prices from Q1-Q3 varied significantly due to the sales mix

− The average selling prices were highest in Q4 as the majority of machines sold were SLM 280HL and due to the introduction of the SLM 500HL

Historically relatively low predictability of quarterly distribution of machine sales

0.7

1.3

3.4

4.9

2.4

3.1

2.0

7.6

Q1 Q2 Q3 Q4

2012 2013

2Number of machines shipped

5 4 6 6 5 9 12

Income statement

65

in €m 2011A 2012A 2013A CAGR 11-13Revenue 11.9 17.5 21.6 34.5%

growth (%) 46.7% 23.2%Changes in inventories 0.6 1.1 0.6Internally produced and capitalized development costs 0.2 0.4 0.2

Total output 12.8 19.0 22.4 32.4%Raw materials and consumables used -6.9 -10.3 -11.4

Gross profit 5.9 8.7 10.9 36.4%Gross profit margin (% of revenue) 49.2% 49.9% 50.6%

Personnel costs -3.0 -3.7 -4.7Other operating income 0.4 0.4 0.4Other operating expense -2.1 -3.5 -4.6

EBITDA 1.2 1.9 2.1 32.5%Adjusted EBITDA 1.2 1.9 2.5 44.5%

Adjusted EBITDA margin (% of revenue) 10.0% 11.1% 11.5%Depreciation & amortization expense -0.4 -0.4 -0.6Amortization PPA related 0.0 0.0 -1.5

Operating result (EBIT) 0.8 1.5 0.0 n.m.Adjusted Operating result (EBIT) 0.8 1.5 1.9 51.0%

Adjusted EBIT margin (% of revenue) 7.0% 8.6% 8.8%Interest income 0.0 0.0 0.0Interest expense -0.2 -0.3 -0.6

Income before income taxes (EBT) 0.6 1.3 -0.6EBT margin (% of revenue) 5.1% 7.1% -2.8%

Income taxes -0.2 -0.3 0.2Net income 0.4 0.9 -0.4 n.m.Adjusted net income 0.4 0.9 1.0 53.9%

Adjusted net income margin (% of revenue) 3.6% 5.2% 4.7%



SLM SolutionsGmbH

SLM SolutionsGmbH

Information regarding changes in the reporting entities and acquisition effects

66

SLM Solutions Holding GmbH, predecessor of the listing entity SLM Solutions Group AG (in the course of formation), has acquired SLM Solutions GmbH, the operating business, with financial effect at the end of 2012

SLM Solutions Group AG (in the course of formation) holds 100% in SLM Solutions GmbH, which is the only subsidiary of SLM Solutions Holding GmbH

SLM Solutions GmbH consolidated financial statements based on IFRS for 2012 for all figures shown, except for balance sheet data, with comparative figures for 2011, with both years being audited

In addition, SLM Solutions Holding GmbH consolidated financial statements based on IFRS are shown for 2013 for all figures and 2012 for balance sheet data, with both years being audited

Due to the acquisition of SLM Solutions GmbH at the end of 2012, the figures shown for SLM Solutions Holding GmbH are impacted by effects related to the Purchase Price Allocation (“PPA”)

SLM Solutions Group AG

SLM Solutions GmbH

SLM Solutions NA Inc.

100%

100%

Description Structure

(a) In the course of formation. Source: Company information

(a)

in €m 2013ACash flows from operating activities

Net income -0.4Amortization, depreciation and impairments 2.1Net interest expense 0.6(Income) losses from investments 0.0Increase in inventories -1.1Increase in trade receivables -1.2Pensions liabilities 0.0Decrease in trade payables -0.8Change in other assets and liabilities 1.0Changes in income tax receivables, deferred tax assets and tax provisions -1.0Change in provisions 0.2

Net cash provided by (used in) operating activities -0.5Cash flows from investing activities

Payments relating to Business Combinations, net of cash received -8.0Purchase of tangible and intangible assets -1.9Work performed by the enterprise and capitalized -0.2Proceeds and (payments) from sales of investments, intangibles and PPE 0.0

Net cash used in investing activities -10.0Cash flows from financing activities

Capital injection by shareholder 8.0Proceeds from issuance of debt 7.6Repayment of debt -2.8Repayment of leasing liabilities -0.1Interest paid -0.1

Net cash provided by (used in) financing activities 12.5Net increase (decrease) in cash and cash equivalents 2.1Cash and cash equivalents at beginning of period 0.3Other 0.0

Cash and cash equivalents at end of period 2.4

Cash flow statement

67Note: Based on IFRS financialsSource: Company information


Balance sheet

68

Assets

in €m 2012A 2013ACurrent assets

Cash and cash equivalents 0.3 2.4Trade receivables 4.6 5.8Inventories 4.9 5.9Income tax receivables 0.0 0.2Other current assets 8.3 0.3

Total current assets 18.1 14.6Non-current assets

Intangible assets 19.8 19.0Tangible assets 1.2 2.1Other non-current assets 0.1 0.0

Total non-current assets 21.1 21.0Total assets 39.3 35.6




Balance sheet

69

Liabilities & equity

in €m 2012A 2013ACurrent liabilities

Trade payables 2.7 2.0Other current financial liabilities 2.3 0.1Finance lease obligation 0.1 0.0Provisions 0.2 0.4Tax provisions 0.5 0.0Deferred revenue 0.0 0.0Other current liabilities and accrued expenses 9.2 2.2

Total current liabilities 15.1 4.7Long-term liabilities

Long-term financial liabilities 0.6 8.0Pension plans and similar commitments 3.3 3.1Deferred revenue 0.0 0.0Deferred tax liabilities 5.4 5.2Finance lease obligation 0.1 0.0

Total long-term liabilities 9.4 16.2Equity

Common stock 0.0 0.1Reserves 8.0 15.1Retained earnings 0.0 0.0Current net profit -0.3 -0.4Foreign currency translation 0.0 0.0Non-controlling interest 7.1 0.0

Total equity 14.8 14.7Total liabilities and equity 39.3 35.6




Appendix

Business

70

Powder bed fusion and metal deposition methods

71

Powder bedmethods

Depositionmethods

Maximum size ofpart(s)

Limited by the processchamber (typ. Ø: 250mm, height: 160mm)

Limited by thehandling system

Complexity ofpart(s) Nearly unlimited Limited

Accuracy ≥0.02 – 0.1mm ≥ 0.1mm

Build-up ispossible on…

- Flat surface- Flat preforms

- 3D surface- On existing parts

Roughness Rz 30 – 50 μm 60 –500 μm

Layer thickness ≥0.03 – 0.1mm ≥0.3 – 3.0mm

Comparison Evaluation

Comparison of metal deposition vs. powder bed / selective laser melting methods (examples)

Powder bedmethods

Depositionmethods

Build rate

Complexity ofpart(s)

Surface finish

Source: Company information, Fraunhofer ILT and Aerosud Group (Wohlers Conference Euromold November 2012), CODEX Partners, Company information

Selective Laser Melting vs Selective Laser Sintering Technology

72

Developed by Dr. Fockele and Dr. Schwarze Developed by Dr. Carl Deckard and Dr. Joe Beaman Acquired by 3D Systems

Metal is fully melted into structures A high-powered laser is used to fuse powdered materials (metal, plastic, ceramics, glass) on a powder bed, using a 3D design program, layer by layer

Homogenous mass, superior product characteristics Disadvantage for metal: multiple process steps required; inferior product properties; only partially melted

Almost exclusively used for polymer 3D printing today Today different names are used for essentially same technology− Selective Laser Melting SLM Solutions Group

owns name rights for SLM− DMLS used by EOS− Laser Cusing Concept Laser

Selective Laser Sintering Selective Laser Melting


Usage of metal 3D printing in key industries

Description Benefits

Aerospace Production of complex, small series parts

Very complex geometries, low tolerances and extreme requirements

Many small series parts Weight reduction

Tool making Production of tools and molds High degree of maturity Small quantities Partially: complex geometries

Healthcare Production of orthopedic implants (~US$2.5bn market),

surgical fixations/ instruments (~US$50bn market) and other medical components

High maturity, quality requirements Increasing demand for personalized implants

(e.g. skull, facial) Trend towards outsourcing to contract Manufacturers

Dental Production of fixed dentures/ structures (crowns, bridges, inlays)

Each part is individual (series = 1) Small parts that can be rapidly built

Automotive Production of prototype(-like) parts and small-series parts Some applications with small series and particularly high demands (race)

Energy Production and repair of gas & oil turbine components Faster repair Conformal internal cooling channels

73

1

2

3

4

5

Source: DMRC, Wohlers Associates, CODEX Partners

6

Extensive process knowhow: SLM process parameters

74Source: Ishikawa-Characteristic of Influences with regards to the Part Quality

Entry into industrialised production by increasing productivity

75

Choice of the most economical manufacturing process depending on various factors

Characteristics driving application in industrialized production:

Technical necessity for high-precision parts production

Difficult geometries (e.g. component reduction)

Potential to reduce number of process steps

Cost reduction

Factors driving choice of manufacturing process: Number of units, complexity and individuality of the component geometry, change sequence, requirements for surface quality, number of necessary result processing areas, need for subsequent manufacturing steps, possibility of reduction of number of components, request to dimensional tolerance, need volume and weight-optimized manufacturing, delivery speed

Die Casting

Powder Techniques(a)

High-speed Cutting

3D printing

LowGeometric Part Complexity

High

1m

1

Pro

duct

ion

Qua

ntity

(a) Powder Techniques = Powder Metallurgy Sintering(b) MIM = Metal Injection MoldingSource: ETH, MTU Aero Engines quoted in Morgan Stanley, Capital Goods: 3D Printing

MIM(b)

Investment Casting

SLM offers a wide range of products…

Produces highly complex metal components using fine metal powders from 3 D CAD-data files

Patented bidirectional loader movement offers a safe filter system and highly efficient protective gas consumption due to internal recirculation of inert gas at laminar flow

Offers software to process CAT / STL-data files as a standard feature which is also used for slicing and support generation

Can process most metals. Stainless Steel, Tool Steel, Cobalt-Chromium, Inconell, Aluminum and Titanium have been processed successfully already

76

SLM 125HL

Provides a build chamber of 280 x 280 x 350 mm and an excellent double beam technology. This will improve not only the laser beam profile but also the quality factor of components

New bidirectional loader movement, field-proven, latest software does support a production-oriented data preparation for specific applications and highly optimised building processes

Covers a wide range of metals. Stainless Steel, Tool Steel, Cobalt-Chromium, Super Alloys, Aluminum and Titanium have been processed successfully already

SLM 280HL

System ParametersBuild Chamber in mm (x/y/z) 125 x 125 x 75 (125)Laser Power 100/200 W, YLR-Faser-LaserBuild Speed 15 ccm/hPract. Layer Thickness 20 µm – 75 µmMin. Scan Line / Wall Thickness 140 – 160 µmOperational Beam Fokus variable 70 µm – 130 µmDimensions in mm (B x H x D) 1350 x 1900 (2400) x 800Weight Circa 700 kg

System ParametersBuild Chamber in mm (x/y/z) 280 x 280 x 350Laser Power 400 / 1000 W, YLR-Faser-LaserBuild Speed(a) 20 ccm/h / 35 cm/hPract. Layer Thickness(a) 20 µm – 75 µm / 150 µmMin. Wall Thickness 150 / 1000 µmOperational Beam Focus 70 – 120 µm / 700 µmDimensions in mm (B x H x D) 1800 x 1900 (2400) x 1000Weight Circa 1000 kg

(a) Depending on material, position of the component geometry


…providing a suitable solution for every client

Build chamber of 500 x 280 x 325 mm and excellent double beam technology. Each of the two fibre lasers (400 + 1000W) operate on the powder bed by a 3D scanning unit. Two of these units are working at the same time

The transport of metal powder is done by a continuous conveying system. This automates the management of powder and eliminates the manual handling of loads with bottles and containers

The system does offer a leading software in rapid prototyping. Magic AutoFab, to process CAD/STL-data files as a standard feature which is also used for slicing and support generation

77

SLM 500HL

Automatic Powder Sieving Station PSA 500 and Build Volume Handling Unit. The machine is equipped with a special screw system for emptying the process chamber overflow funnel and refilling the powder container under an inert gas atmosphere

The electrically operated build volume is carried out to a container station to empty the whole build powder into a funnel

The system is equipped with an additional ultrasonic device to support the sieving procedure. Fine mesh filters and sieves are standard and commercially available products and pre-assembled with a 100 µm mesh insert

PSA 500

System ParametersBuild Chamber in mm (x/y/z) 500 x 280 x 325Laser Power 2x 400, and optional 2x 1000 W YLR-Faser-LaserBuild Speed(a) 70 ccm/hPract. Layer Thickness 20 µm – 200 µmMin. Scan Line / Wall Thickness 160 – 180 µmOperational Beam Fokus 80 – 150 µm / 700 µmDimensions in mm (B x H x D) 3000 x 2000 (2500) x 1100Weight Circa 2000 kg

System ParametersOne PSA 500 may deliver four parallel Systems SLM® 500HL

Tank volume, depending on the build cylinder circa 60 L – 100 LSieving process under full load (Aluminium) 5 hoursSieving process under full load (Titanium) 4.5 hoursSieving process under full load (Tool Steel and Stainless Steel) 3 hours

Dimensions in mm (B x H x D) 3500 x 2200 x 2700Weight (without powder) Circa 2500 kg

(a) Subject in technical modificationsSource: Company information

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