Selective Laser Melting at its best. SLM Solutions company presentation 2015

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SLM Solutions company presentation 2015

(2)

E-Mail

Fon

Fax

mobil

Germany

www.slm-solutions.com

A presentation by:

SLM Solutions

Roggenhorster Str. 9c

D-23556 Lübeck

Joar Næss

Kaspo Maskin AS

+47 95197677

+47 73969600

jn@kaspo.no

SLM Solutions company presentation 2015

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The Company

The History

The Technology

The Products

Target Aerospace

Target Medical

Target Automotive

Target Tooling

Why choose SLM Solutions?

Future Outlook

10 facts about SLM Solutions

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The Company

1

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Lübeck | Roggenhorster Straße 9c

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Welcome to the North!

53°52´N, 10°42´O, MEZ

(7)

AEROSPACE

AUTOMOTIVE

TOOLING

HEALTHCARE

ENERGY

SLM Solutions Group is already operating in keyindustries

(8)

The History

2

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SLM Solutions Group – a deep rooted 3D printing heritage

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 9

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The Technology

3

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Metal based 3D printing is for industrial applications –

direct part manufacturing

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Leading industrial companies see the potential of

metal based 3D printing

GE quotes:

“By 2020 GE Aviation will manufacture

more than 100,000 additive parts for

the leap in GE9X engines.”

“In the next 5 years we will invest more

than 3.5 billion US$ in new equipment to

produce advanced components.”

“Complexity comes for free”

“Additive manufacturing is just a great

game changer!”

Note: Statements by General Electric, https://www.ge.com/stories/additive-manufacturing

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Powder bed fusion technology is most relevant for metal 3D printing

• Voxeljet • ExOne • Arcam AB • EOS

Powder bed fusion

 Thermal energy selectively fuses regions of a powder bed

 Key technologies:

Selective Laser Melting, EBM

Prototyping, direct part Metals,

polymers

Directed energy deposition  Focused thermal energy is used

to fuse materials by melting as the material is deposited

Direct part, repair Metals

Sheet lamination

 Sheets of material are bonded to form an object Prototyping, direct part Metals, paper Binder jetting

 Liquid bonding agent is selectively deposited to join powder material

Prototyping, direct part, casting molds Metals, polymers, foundry sand Material jetting

 Droplets of build material are  selectively deposited Prototyping, casting patterns Polymers, waxes Material extrusion

 Material is selectively dispensed

through a nozzle or orifice Polymers Prototyping

Vat photopolymerization

 Liquid photopolymer in a vat is selectively cured by

light-activated polymerization

Prototyping Photopolymers

(a) Powder bed fusion technology accounting for 77% of metal based 3D systems sold as per CODEX Partners analysis Source: ASTM International Committee F42 on Additive Manufacturing Technologies; Roland Berger, CODEX Partners

M

eta

l t

ec

h

n

o

lo

gi

es

Others

• Mcor Technologies 77%(a) 17

Technology

Materials Typical markets

Relevance for metal

Companies with this technology

• Concept Laser • Renishaw • Phenix Systems • TRUMPF • Optomec • DGM Mori 13

(14)

Data preparation for the SLM-machine

Decide on orientation of

failure free .stl

DatDecide aset

Generate

support structures

Cut the part in even

slices digitally (slicing)

Generate the Laser

operation info (hatching)

(15)

Powder bed fusion: SLM process

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16

Important Material and Part Properties

Surface

Strength

Accuracy

Stress

Density

Hardness

2-4% less than rolled

material

±

50µm / 100 mm

2-4% less than rolled

material

~ 99.7 %

Rz



30 µm

Preheated powder and

platform up to 200

o

C

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Surface quality of SLM process

graphics courtesy of RWTH Aachen-Germany

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Quality Control System.

Layer Control System.

Specification

•

Image documentation after powder application.

•

Automatic analysis of the captured image data and

following error detection.

•

Possibility of manual adjustment of conditions and limits

for error detection.

Advantages

•

Automatic and immediate identification of individual

process errors instead of analysing the hole platform.

•

Possibility of post-coating on some error patterns.

•

Time and cost savings by:

•

automatic unloading of process critical parts

during a job.

•

finish uncritical parts by trouble-free process flow.

Figure: Single images for error

detection and analysis..

Figure: Automatic error detection of

individual process errors.

Figure: Automatic error detection

of the hole platform.

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Quality Control System.

Process Control System.

Specification

•

Automatic monitoring data from all sensors every two seconds.

•

Control and output of temperature, oxygen control, process pressure and filter

conditions.

Advantages

•

Ensuring consistent process conditions.

•

Process control used as a security guard.

•

Possibility for the input of individual limits.

•

Documentation and the possibility of error feedback.

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SLM Solutions Groupʹs technology covers the most relevant metals…

Aluminium

Cobalt-Chrome

Inconel

Titanium

Tool 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  AlMg4,5Mn0,4

Other 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

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The Products

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SLM Solutions ̶ German engineering with a global reach

Germany

37,7%

Asia/

Pacific

10,8%

EU ex

Germany

19,1%

US

23,8%

RoW

8,6%

Total

2014

: Mio. 33.6

International

revenues:

62.3%

Key products

International sales split

(b)

(23)

Products

NEW 400 Watt Laser



Produces highly complex metal components using fine

metal powders from 3D 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, Inconel, Aluminum and Titanium have

been processed successfully already

System Parameters

Build Chamber in mm (x/y/z) 125 x 125 x 75 (125) Laser Power 400 W, YLR-Fibre-Laser

Build Speed 15 ccm/h

Pract. Layer Thickness 20 µm – 75 µm Min. Scan Line / Wall Thickness 140 – 160 µm Operational Beam Fokus variable 70 µm – 130 µm

Dimensions in mm (B x H x D) 1350 x 1900 (2400) x 800

Weight Circa 700 kg

Source: Company information

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Up to 2x 400 Watt Lasers

Products

simultaneously!



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

System Parameters

Build Chamber in mm (x/y/z) 280 x 280 x 350

Laser Power 400 / 1000 W, YLR-Fibre-Laser or dual 400 W Build Speed(a) _{20 ccm/h / 35 cm/h}

Pract. Layer Thickness(a) _{20 µm – 75 µm / 150 µm} Min. Wall Thickness 150 / 1000 µm

Operational Beam Focus 70 – 120 µm / 700 µm Dimensions in mm (B x H x D) 1800 x 1900 (2400) x 1000

Weight Circa 1000 kg

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

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Up to 4x 400 Watt Lasers

Products

simultaneously!



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

System Parameters

Build Chamber in mm (x/y/z) 500 x 280 x 325

Laser Power 2x 400, optional 2x 1000 W YLR-Fibre-Laser or 4 x 400 W Lasers

Build Speed(a) _{70 ccm/h} Pract. Layer Thickness 20 µm – 200 µm Min. Scan Line / Wall Thickness 160 – 180 µm

Operational Beam Fokus 80 – 150 µm / 700 µm Dimensions in mm (B x H x D) 3000 x 2000 (2500) x 1100

Weight Circa 2000 kg

(a) Subject in technical modifications Source: Company information

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SLM Solutions company presentation 2015 26

Productivity

Build rate (cm³/h)

+235%

+68%

Single-laser

400W

Twin-laser

2x 400W

Quad-laser

4x 400W

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Target Aerospace

5

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28

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Weight reduction potential

Aerospace projects

10.000,‒ € per Kg

Aircraft design

1.000,‒ € per Kg

Automobile industry

10,‒ € per Kg

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Aircraft Application

•

lightweight parts

•

substitution of solid

mass to boost

production

•

Engineered materials

•

Courtesy of

LZN-Hamburg-Germany and

Airbus

•

Re-designed aircraft

bracket

•

Height 342 mm

•

Material: Al and Ti

•

Build time for two parts:

41:23h

•

Original design

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Example

Courtesy Uni Chemnitz, Airbus, Liebherr aerospace

Hydraulic valve

housing in wing

Postmanufactured part

made of Titanium alloy

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General Electric

•

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

Jet Engines

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

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Industrial revolution: complexity through SLM Technology!

9x1

Weight

No. Of components

Durability

-25%

-95%

5x

GE Leap-Engine

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34

Target Medical

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35

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SLM Solutions company presentation 2015 36

SLM Manufacturing tolerances

Deviation

Distribution

Standard

Deviations

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37

Industrial revolution: cheaper!

Costs

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SLM Case Study Medical Hip Implant

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39

Sucessful conclusion

(Theatre Images*)

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Latest project ‒ Skull bone repair near eyeball

CAD-Design of

implant

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41

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42

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Target Automotive

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44

SLM CASE STUDY AUTOMOTIVE

Results 3D optical measurement rear

Part: Automotive heat shield

L: 285,17mm

H: 192,78 mm

B: 160,92 mm

V: 141.10 cm³

Automotive

heat shield ALUMINIUM!

At first tests with exhaust system

detected the need of additional

shielding complex Alu-parts was

just printed out in SLM-machine in

complex shape.

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45

Large structures and designs

Re-designed automotive front axle part

Height 320mm

Material: Al

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46

Tire mould production with SLM

Design and build mould segments easily

Very thin details possible

Material: Al, steels

Fast build time!

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Target Tooling

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Industrial revolution: faster

Cycle time

-30%

Cooling channels

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49

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Advantages:

•

Reduction of cycle time by 35 %

•

Ideal design of size, form and function

of cooling channels

•

Quality improvement of injection

moulding

50

Injection mould for

GARDENA

garden tool

SLM production of tool insert

(51)

51

Why choose

SLM Solutions?

(52)

SLM Solutions – a leader in metal based 3D printing



Key scientific employees among the pioneers in metal based 3D printing since 1998

(a)



62% of revenues outside of Germany in 2014



Very low penetration today with significant growth potential



Metal based 3D printing at inflection point



Excellent R&D and IP portfolio



Multi laser technology and hull-core technology



Long term relationships



Strong order intake

Deep rooted 3D printing

heritage

German engineering with

a global reach

Enormous addressable

market

Technological leadership

position

Expanding blue chip

customer base



Revenue CAGR of 55,5% and increasing EBITDA margin (adjusted) of 18% of SLM

segment

Profitable growth



Strengthening of sales force & services network, consumables business and R&D

Clear growth strategy

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53

The power of 3D printing vs. traditional manufacturing methods

Additive Manufacturing + Optimized Part Design

Same or superior part properties

Higher speed and flexibility

Lower total cost of ownership



Materials/alloys



Prototyping



Direct part cost



Sizes & shapes



Repair



Weight



Density



Lower capex



Part integration



Stability



Flexible location



Eco balance



Surface



No storage cost



Material saving



Biocompatibility



Texture

(54)

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

54

SLM Solutions Group has recently shown high growth

Insgesamt wurden 8 (Vorjahr: 3) Maschinen vom

Typ SLM 125HL, 43 (Vorjahr: 17) Maschinen vom

Typ SLM 280HL und 11 (Vorjahr: 4) Exemplare

der größten Maschine SLM 500HL bestellt. Im

Auftragseingang des Vorjahres waren zudem 2

Bestellungen über die aktuell nicht mehr angebotene

SLM 250HL enthalten.

0

5

10

15

20

25

30

35

40

45

50

2011

2012

2013

2014

State

12.06.2015

Diagrammtitel

SLM 250 HL / SLM280 HL

SLM 125 HL

SLM 500 HL

19

3

11

6

1

16

5

4

43

(a) According to CODEX Partners

Source: Company information, CODEX Partners, Wohlers, broker research

8

20

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Productivity of selective laser melting (SLM)

Build part

Quality

(56)

56

Direct and indirect SLM productivity

Potential benefits

Examples

Direct

Freedom of geometry

Bionic geometrics

Built time

Prototypes

Part cost

Dental caps

Part Properties

Orthopedic implants

+

Indirect

Function

Conformal cooling

Speed & Flexibility

Turbine maintenance & repair

Weight

Aircraft parts

Part integration

Engine parts

Eco Balance

Material savings

(57)

57

Improving the build part cost structure

Build Part Cost

Today

Build Part Cost

2020

100



What are the levers?



What is the potential?

16

51

33

?

Metal Powder

Machine & Peripherals

Personell

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58

Several levers to reduce machine related part cost

5

4

36

24

18

9

Setup, cool down &

removal

Powder deposition &

laser melting

Downtime

Machine not used

Consumables & supplies

Maintenance & repair

Metal powder loss & scrap

100

Higher build rate is a key driver



Higher build rate



Exchangeable build chamber



Multi machine operation



Reliability & robustness



Speed of service response



Gas type & consumption



High MTBF



Easy maintenance & repair



Remote service



Process monitoring & control



Closed loop powder feeding



Price for machine & peripherals

(initial investment)



Enlarged build envelope

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59

Long term experienced and stable distributor network!

2003

2007

2006

2012

2014

(60)

60

Solid share price development ‒ diversified shareholder

structure

Share price development

as of May 8, 2015

Shareholder structure

as of May 8, 2015

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Future Outlook

(62)

•

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

62

Research & Development focus areas

Functionality

Speed

Surface finish

Accuracy

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Selected relevant R&D focus areas

New powder cassette

(powder conveyor/container) implemented

Tailored microstructure production

(quasi single crystalline) achieved



Higher operating speed



Strengthens part robustness for high temperature

applications e.g. turbine blades



Weight reduction more than 60%



Quasi single crystalline structure



Operable under higher temperature



Requires correct parameters (power, speed, layer

thickness, beam diameter) to be used with 1000W

laser

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64

Selected relevant R&D focus areas (continued)

Process monitoring and control

(currently in R&D)

Laser power management and control

(currently in R&D)



Real time heat map



Improved real time laser power monitoring



Monitoring of melt pool temperature

for quality assurance



Improved quality assurance

Sta

rt

En

d

Start

End

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65

Next step:

Integrating SLM machines into complex production processes

Example:

PSX ‒ automated powder

handling

PSA 500 prototype – fully

automated powder handling

Schematic of process

enhancing integration

Example:

Process set up

•

Inert atmosphere

•

Safe powder handling

•

Short processing times

•

Closed-loop powder cycle

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66

Further expansion of global sales, application and service footprint

Lübeck, Germany

Detroit



Set up 2 additional sales and

service offices in California and

the East Coast(done!)



Hire 2 more sales and 3 more

service and application

professionals



Hire 1 COO /

General Manager (done!)

Americas

EMEA



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

APAC



Setup of Singapore subsidiary

as a sales, application and

service hub in Asia(done!)



Qualify Japanese distributor

with full sales application and

service facility(done!)



Setup office in

Shanghai(processed)



Establish presence in

India(processed)



Renew agency / distributor in

Australia / New Zealand



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

Headquarters

Distribution partners

US subsidiary

Singapore subsidiary

Singapore

(67)

www.slm-solutions.com

(68)

68

Disclaimer

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 solely for your information.

This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which 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,” and similar expressions. The forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources, contained in this Presentation are solely opinions and forecasts which are uncertain and subject to risks. A multitude of factors can cause actual events to differ significantly from any anticipated development. None of the Company or any other person guarantees that the assumptions underlying such forward-looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted 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 liability whatsoever 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 market position 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 of the Company’s business. This publication constitutes neither an offer to sell nor an invitation to buy securities.

This Presentation speaks as of 01-May-15. Nothing shall under any circumstances, create any implication that there has been no change in the affairs of the Company 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 securities for 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 made in 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 Germany and 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 at the Company.