Voxeljet AG (NYSE:VJET) Q2 2018 Earnings Conference Call - Final Transcript

Aug 17, 2018 • 08:30 am ET

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Voxeljet AG (NYSE:VJET) Q2 2018 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Greetings, and welcome to the voxeljet AG Second Quarter 2018 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

I'd now like to turn the conference over to your host, Johannes Pesch. Please go ahead.

Executive
Johannes Pesch

Thank you, operator, and good morning, everyone. With me today are Dr. Ingo Ederer, voxeljet's CEO; and Rudi Franz, voxeljet's CFO. Yesterday, after the market closed, voxeljet issued a press release announcing its second quarter financial results for the period ended June 30, 2018. The release as well as the accompanying presentation for this conference call is available in the Investor Relations section of the company's website at voxeljet.com.

(Forward-Looking Cautionary Statements)

With that, I would now like to turn the call over to Ingo, CEO of voxeljet.

Executive
Ingo Ederer

Thank you, Johannes, and good morning, everyone. I want to thank everybody for joining us today.

Today, we will take you through some highlights of our second quarter performance and provide context on how we are well positioned for the launch of a variety of new products later this year and in 2019. This year marks the fifth anniversary since our IPO in 2013. Before we start, I would like to remind those who might be new to our company about our strategy.

Turning to slide 6. We started nearly 20 years ago as a spin-off from Technical University Munich with a clear vision in mind to replace conventional manufacturing by constantly pushing technology boundaries.

Turning to slide 7. This vision translates into a powerful strategy with clear mission statement and core values. This vision statement we shared throughout the year represents who we strive to be every day and essentially how we operate across all aspect of our business as we build this company for the long term. We are committed to executing the core pillars of our strategy, holding ourselves accountable for performance and investing in our business for the long term.

Our integrated business model is summarized on slide 8. In our Systems segment, we manufacture and sell industrial-grade, high-speed, large-format 3D printing systems geared towards mass production of complex models and molds.

In our Services segment, we operate these systems in facilities around the world, which are summarized on slide 9, to offer affordable on-demand access to our technology. This proprietary technology is reshaping the way things are made and is truly disruptive to the traditional methods of manufacturing. The future of our company will be built on our strong position in Europe, the success of our international expansion strategy, the growth potential of existing products and the introduction of new and innovative products. Slide 10 highlights our headquarters in Germany.

Turning to slide 11, we have summarized some of the applications of our products and selected customers. Today, I can say that together with our partners, we are about to reinvent the manufacturing landscape by launching the world's first