XTPL S.A.

Investor Presentation • Nov 22, 2023

Strategy 2023-2026

Presentation for investors

22 November 2023

Disclaimer

This presentation has been prepared by XTPL S.A. ("Company") for the sole purpose of giving an introduction on the business of the Company.

The presentation:

• contains selected information only, and is not a comprehensive description of business or financial analysis of the Company;
• is not to be taken to give business, financial projections, or forecastsfor the Company;
• must not be taken to give any express or implied warranty as to accuracy or completeness of information in it by either the Company, or any members of the management, which will not now or in the future be responsible or liable for it;
• may contain forward-looking statements, which are not to be considered warrantiesrelating to financial performance.

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This presentation is not to be considered a solicitation, invitation, or offer, of any kind, whatsoever, by the Company or its representatives, to buy or sell any securities or related financial instruments of the Company, or any of the assets, business, or undertakings described in the presentation.

This presentation must not be treated as advice on law, taxation, accounting, investing or any financial instrument whatsoever.

The presentation is not an investment recommendation.

Agenda

01	Where we are, where we are headed
02	Our technology
03	Target market	07 Summary
04	Our offer

05	Strategic goals and initiatives
06	Financing the 10x growth
07	Summary

Agenda
01 Where we are, where we are headed	05 Strategic goals and initiatives
02 Our technology	06 Financing the 10x growth
03 Target market	07 Summary
04 Our offer
Strategy 2023-2026				3

. " " Strategy" " " " " " " " " " " " " " " " " 2023-2026

.

XTPL transformation geared towards a further growth in value

XTPL in 2022

Business development and sales area

Revenues from the sale of products and services	PLN 10 million
Industrial implementations	Advanced stages in several projects
Major markets	Semiconductors, displays, PCBs
Sales activities	Distributors in several markets and an interdisciplinary sales department

XTPL in 2026

Revenues from the sale of products and services	PLN 100 million
Industrial implementations	First full industrial implementations
Major markets	Semiconductors, displays, PCBs + telecommunications, biosensors
Sales activities	An extensive international network of distributors; physical sales centers in three technologically key markets, and a dedicated sales team

Operational and organizational development area

Production	Driving the first significant sales and progress in
capacity	implementation projects
Organization	A mature R&D company with a flat organizational structure where tasks are shared

Production capacity	Potential to generate up to PLN 160 million per year on average and support several full implementations on an industrial scale
Organization	A leading Polish deep tech rapidly scaling its business with a matrix of processes executed by best experts

. . . . . Where we are, " where we are headed

Business underpinned by proven needs of global players in advanced electronics

Development of technology and business

• Creating and developing the technology
• Learning the market and researching the needs of advanced electronics, including numerous meetings, conferences, fairs, technology shows
• First projects and evaluation of technology by industrial clients and academic R&D centers

2015-2021

▪ Patent applications

▪ Recognizable brand and international sales of proprietary products

XTPL today

• 5-fold YoY increase in commercial sales in 2022 (PLN 10 million YoY) – growing sales of the Delta Printing System and High Performance Materials (HPM, nanoinks)
• 9 industrial projects with the potential of approx. PLN 400 million in average annual sales – partnerships with global players in printed electronics to integrate the XTPL technology with industry

2022

▪ Continuation of R&D and IP protection (24 patents)

Business scaling

• First industrial implementation to take place in H2 2024 with subsequent integrations of XTPL modules with the industry
• 10-fold increase in revenues in 2026 (PLN 100 million) and continued sales growth in key technology destinations with new offices in Taiwan, South Korea and the United States
• Increase in production capacity in all business lines
• Continuation of R&D maintaining competitive advantages

2023-2026

Solid foundations for further business growth

The development to date laid stable foundations for the company's continued rapid growth

Stable financial position supported by proceeds from the share issue completed in July this year.

A unique and globally groundbreaking technology secured by international patents

and technologies

Effective development strategy for the commercialization of products

Promising, platform technology and strong R&D that help sustain competitive advantage

Confirmed need for the company's solutions from customers in promising industries and markets

Implementation of industrial projects at advanced stages with global players of next generation electronics

3 independent and complementary business lines Growing brand recognition on a global scale and a growing network of distributors offering XTPL solutions

An interdisciplinary team of over 70 experts

Growth geared towards shaping the nanofuture

Mission

XTPL is a leading provider of nanoprinting solutions. We shape the global nanofuture.

Vision

Ensure that global manufacturers can pursue cost-effective and scalable production of advanced, next-generation electronics by providing them with ultra-precise nanoprinting technology

Strategic goal

Commercialization of our platform technology of ultra-precise printing of nanomaterials in the area of advanced electronics.

Key development direction

. Our technology i i

Technology that changes the way electronics is produced

The XTPL technology provides solutions unattainable by any other methods available in the market and is unrivaled in terms of resolution, viscosity and size of conductive structures up to 1 um (one millionth of a meter)

Precise application and low complexity of the process

• dispensing high viscosity materials with nano-size features
• high aspect ratios just after a single pass
• ultra high resolution printing on practically any kind of substrate

Covering complex and varied substrates including curved ones, with a single continuous conductive

path

Production that is efficient and flexible timeand cost-wise

Safe for the environment

does not require corrosive solutions or electromagnetic field Legend:

	A unique area of XTPL where no competing methods exist		XTPL's general work area

Applications of XTPL's ultra-precise deposition

Conductive nanostructures deposited with high-density ink enable the production and repair of advanced electronics

UPD technology is characterized by: micro size, high viscosity, flexible shapes and diverse substrates

To find out more, go to: https://www.youtube.com/watch?v=TwQPRz5lHP Y

Strategic approach to securing intellectual property

Intellectual property is one of the key competitive advantages of XTPL. XTPL's global solutions are being systematically secured by expanding the patent cloud, protecting them from the moment the application is submitted to the patent office.

*The increase in the number of patents, from the previously reported 8 patents, is the result of a change in methodology - now protection for a given invention is counted separately for each location (country).

	Patent groups of submitted applications
UPD process	patents describing the UPD process or a device used for the process
HPM	patents protecting various nanoink formulations
Software	patents protecting the solutions implemented in the software that controls the printing device
Application fields	patents describing solutions to specific technological problems using the UPD method
Characterization and quality control	patents related to the characterization and quality control of selected components of the printing head

. . Target market

A revolution in the manufacture of advanced electronics

Nanoprinting is a technology that addresses new challenges facing the manufacturers of advanced electronics.

It ensures cost-effective, scalable and incremental reduction of the size of electronics while maintaining high resolution.

Global megatrends related to the production of advanced electronics

Miniaturization of the size and weight of electronic devices while increasing efficiency and speed of operation

Changing the forms and properties of consumer electronics:

• flexibility
• new shapes, including three-dimensional forms

Ecology: saving materials and energy in the production process and reducing the amount of waste

Development of the semiconductor industry in Europe and the United States:

• securing chip production and value chain stability, targeted 20–30% of the EU in the global semiconductor market by 2030 (vs 9% at present)
• cash flows in the form of grants and tax credits

Target market segments for XTPL

	Modules for industrial implementation			Delta Printing System (DPS)			High Performance Materials (HPM, nanotusze)
SEMICONDUCTORS	Repair of masks for photolithography Advanced packaging (microbumps) Advanced packaging (3D bonding) Side wrapping RDL (advanced packaging 2,5D) Precise tags for		SEMICONDUCTORS	3D bonding RDL prototyping Microdots printing TSV filling	University / Research	SEMICONDUCTORS	Die attach / Silver sinterpaste Advanced packaging / solder alloy	Industrial Solution Providers / R&D
	alignment packaging Repair of conductive masks, repair of color filters	Industrial Solution Providers (medium size) / Engineering Departments Electronics Manufacturers / R&D and Production Departments	DISPLAYS	3D bonding Microdots printing Color converter (QD) deposition	Departments R&D / RTO Companies Industry / R&D Departments	DISPLAYS	Displays / Side wrapping / silver FPD / Microelectronics / indium FPD / quantum dot paste	Departments Electronics Manufacturers / R&D Departments Material Solution Providers / R&D
DISPLAYS	Repair of devices, components for the manufacturing of displays		TELECOM	On-chip antenna bonding 6G antennas printing		PCB	PCB additive manufacturing / silver, copper	Departments
TELECOM	5G, 6G antennas manufacturing We are nanofuture Strategia 2023-2026		MEMS	3D bonding Printing electrodes through microchannels SU-8 photoresist printing		BIOELECTRONICS	Biosensors / gold, platinum

Growing market for XTPL solutions

USD 51 bn

value of the global market of printed, flexible and organic electronics in 2022 , up 8% YoY

USD 66 bn

estimated value of this market in 2026, with an estimated growth to USD 74bn in 2030

7%

CAGR in 2022-2026

Advanced electronics sectors in which XTPL commercializes its solutions

and conducts advanced work on industrial implementations

OLED DISPLAYS

USD 48.8 billion (2022) 2023-2030: 22.6% CAGR

ADVANCED INTEGRATED CIRCUITS USD 14.1 billion (2022)

2023-2027: 8.5% CAGR

ADVANCED PCBs

USD 8.2 billion (2022) 2023-2028: 5.5% CAGR

Other promising and target industries for XTPL

SECURITY PRINTING	USD 117.2 billion (2021) 2021-2026: 12.5% CAGR
BIOSENSORS	USD 27.8 billion (2021) 2023-2028: 9.1% CAGR

Platform character of XTPL technology

Strong development of this market is due to the growing number of new applications of printed, flexible and organic electronics in various fields. XTPL technology is used in many existing areas of the printed electronics industry or – thanks to the unprecedented precision of printing – will lead to the emergence of new areas (platform character).

xi - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 1
Our offer ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' '

Adjusted portoflio responding to customers' needs

XTPL is engaged in continuous R&D that increases the functionality and potential of individual business lines Greater commercialization of any business line drives growth in other lines

Modulesfor industrial implementation

• Nanomaterial deposition module for integration with industrial equipment
• Can be used in many areas of production; current advanced evaluations in semiconductor, FPD (flat panel display) and PCB areas
• Average module price: approx. EUR 100.000

Delta Printing System (DPS)

• XTPL technology demonstrator (technology marketing)
• Standalone system for use by electronics manufacturers in R&D and prototyping
• End buyers include scientific institutions and commercial companies
• Average DPS price: approx. EUR 170.000

High Performance Materials (HPM, nanoinks)

• Silver HPM with a high silver content and excellent stability for use in various printing techniques
• Silver products sold globally to academic and industrial partners from EMEA, USA and Asia
• Consumables for DPSs and modules

Global range of commercialization of the XTPL portfolio

XTPL successfully commercializes its products in 18 countries now and conducts technology evaluations at global players in the printed electronics sector.

8 distributors in South Korea, China, Germany, India, the British Isles, Taiwan and the United States

An effective commercialization model

Own sales and distribution of proprietary products globally

Customer value proposition

Unique solutions tailored to customer needs High performance solutions proven in industrial practice Reliable partner Cutting edge 3D microscale printed electronics technology XTPL offer Customers University departments R&D Companies Industry R&D departments Open platform for prototyping Precise and reliable results Easy to operate and maintain Advantages of XTPL Inks tailored to industrial microscale printing applications (effective exploration, development and launch) High performance materials (resolution, process ease, repeatability & durability) Industrial solution providers R&D departments Electronics manufacturers R&D departments Materials providers R&D departments Modulesfor industrial implementation Delta Printing System (DPS) High Performance Materials (HPM) Industrial solution providers Engineering departments Electronics manufacturers R&D and production departments Unique fit and efficient implementation of technology Efficient solutions on an industrial scale For the most demanding microscale printing applications Reliable partner and cooperation

Support from a Supervisory Board with diverse experience

Wiesław Rozłucki, PhD Chairman

A graduate of the Foreign Trade Department of the Central School of Planning and Statistics (now the Warsaw School of Economics); holder of a British Council scholarship at the London School of Economics; obtained a PhD degree in economic geography from the Polish Academy of Sciences (PAN).

Bartosz Wojciechowski, PhD

Deputy Chairman

Obtained a degree in law and psychology from the University of Silesia in Katowice. He also completed post-graduate studies in intellectual property law at the Jagiellonian University in Kraków. In 2018, he started a patent attorney apprenticeship.

Piotr Lembas

Supervisory Board Member

Obtained a degree in law and psychology from the University of Silesia in Katowice. He also completed post-graduate studies in intellectual property law at the Jagiellonian University in Kraków. In 2018, he started a patent attorney apprenticeship.

Beata Turlejska

Supervisory Board Member

A Managing Partner of the Leonarto Fund, responsible for managing the fund's investment portfolio. Holds a master's degree in economics in finance and is an expert in human resources management and marketing. Graduated from the Warsaw School of Economics and LazarskiUniversity.

Prof. Herbert Wirth

Supervisory Board Member

A graduate of the AGH University of Science and Technology in Kraków, Faculty of Geology and Exploration. He completed postgraduate studies in mining and engineering geology at the Wrocław University of Technology, and in project management at The George Washington University School Business and Public Management. He has a long-standing experience in global company management.

Interdisciplinary team of experts

Filip Granek (PhD) CEO

Jacek Olszański CFO

Aneta Wiatrowska (PhD) BL Director Industrial Projects 1

Mirosław Woszczyna (PhD) BL Director Industrial Projects 2 Ludovic Schneider (PhD)

BL Director HPM

Patrycja Iwańska Marketing Director

Dariusz Świderek PMO Director

Karolina Fiączyk (PhD) R&D Director

Szymon Zięba Production Director

Łukasz Kosior Business Development and Sales Manager -DPS

Daria Więcławska Business Development and Sales Manager -HPM

Marcin Cinkowski Business Development and Sales Manager –UPD System

Piotr Kowalczewski (PhD) IP Manager

experts

Technology

Long-standing team with advanced knowledge and experience in:

• chemistry
• physics
• electronics
• mechanics
• material science
• numerical simulations

Business

Leaders and highly skilled professionals who possess know-how and experience in:

• product development
• marketing & communication
• implementing innovation
• finance
• B2B sales
• capital market

XTPL's responsible business

Doing business responsibly has always been important to XTPL, and our proprietary UPD technology ensures: saving materials and energy in the advanced electronic production process, and reducing the amount of waste

• Developing ultra-precise printing technology with respect for the environment
• Commitment to reducing the carbon footprint and curbing the consumption of raw materials and waste production
• Company's headquarter location selected to ensure convenient access by public transport

Environment Equal opportunities in the workplace

• 40.7% female participation in the technology team
• Ppro-employee approach and a rich benefits package, including: private medical care, access to the XTPL corporate library and funding for English language courses

Responsible governance

• Transparent management: transparency in decision-making processes and communication with shareholders
• Fair and ethical approach to customers, suppliers and business partners

Strategic goals and initiatives 05

Expected 10x increase in product sales and rapid EBITDA growth

A 10-fold increase in revenues from the sale of products and services and high-margin business helped by the scaling of three complementary, independent business lines and operational excellence

A precise plan for sales strategy execution

PLN 100 million in revenues from the sale of products and services on the back of a plan underpinned by precise sales activities in three business lines

Adaptation of processes in individual areas to support strong growth

PROCESSES

MODULES FOR INDUSTRIAL IMPLEMENTATION	DELTA PRINTING SYSTEM (DPS)		HIGH PERFORMANCE MATERIALS (HPM, nanoinks)			GRANTS TO SUPPORT R&D
Developing comprehensive R&D solutions, including new product generations
Effective development and implementation (installation, launch and maintenance) of nanoprinting solutions, adapted to the needs of the industry	DPS sold and delivered directly and through existing and new distributors in key 3D electronics markets		Successful development and monetization (license, production) in materials for industrial applications			Effective acquisition and management of R&D grant projects
Sales centers abroad in key locations; cross- and up-selling based on successful projects
PROCUREMENT, PRODUCTION, DELIVERIES AND LOGISTICS						CUSTOMER SERVICE
Scaling and adapting performance and processes to the needs of industrial customers alongside an increase in production capacity: Ensuring industrial modules: up to approx. 100/ year, and DPSs and High Performance Materials (HPM, nanoinks) up 3–4 times						efficient customer service
MARKETING
Expert knowledge and presence in the media, reports and industry events	Online marketing communication with industrial customers		Communication about technology and its applications		Activity in 3D printed electronics communities
EMPLOYEES		KNOWLEDGE			ASSETS
Attracting talent and developing teams to grow and support the business		Collecting and sharing market data and project documentation		Adaptation of space and equipment to the needs of business lines

. XIDI . 家 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - 国际 - Financing the 10x growth

Investments planned to execute strategy and respond to customer needs

An investment program of approx. PLN 60 million in 2023–2026 to be used to drive strong growth and support the vision of the 10-fold increase in revenues from the sale of products and services

	Intensification of investments in key areas for further growth
Sales	▪ support for the sales and marketing department ▪ 3 sales centers abroad in key locations, equipped with XTPL products
Production	▪ 3-4-fold increase in production capacity in the DPS and HPM (nanoinks) business lines ▪ increasing the production capacity of industrial modules to approx. 100 units/year (printing heads, nozzles, cartridges)
R&D	▪ continuation of work on the development of existing products ▪ work on new products
	The implementation of the investment plan will also support a further increase in production of 50-60% post 2026

Expected division of the investments planned (PLN 60 million) by individual areas:

OPEX

30%

Effective cash management and strategy execution coupled with financial security

A significant part of financing secured by the lastshare issue

PLN 36.5 million gross raised as part of the offer of series V shares*

• Shares offered: 275,000 series V ordinary bearer shares issued by the Company in a private placement, representing 11.9% of the Company's stock.
• Issue price: PLN 133
• Discount: 1.5% compared to VWAP from 30 days before the issue resolution

The remaining part of the financing is to come mainly from equity (operating cash flows)

Funds employed in operating activities / net working capital in proportion to the scale of business

• grants / debt financing (as needed)

. 100 . 07 Summary 1 1

2023–2026 development strategy ensuring growth of XTPL value

The solid foundations built to date provide the opportunity for further rapid growth

Development strategy ensuring a constant increase in the company's value, taking into account market megatrends

The expected 10x increase in annual revenues to PLN 100 million by the end of 2026: sales of about 100 modules per year – this ambition can be achieved on the back of merely a third of the ongoing projects

Investment program totalling approx. PLN 60 million, generating a production potential for about PLN 160 million in annual sales, with a significant part of funding already secured

A customized offer to fit precisely identified advanced

electronics markets and their needs

Strategic goal: commercialization of platform technology, taking into account targeted markets, customized offer, operational excellence, and the strong, credible XTPL

XTPL S.A. Stabłowicka 147 54-066 Wrocław, Poland xtpl.com

Contactfor investors: investors@xtpl.com