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

Transcription

1 Selective Laser Melting at its best

2 A presentation by: Joar Næss Kaspo Maskin AS mobil Fon Fax SLM Solutions Roggenhorster Str. 9c D Lübeck Germany 2

3 10 facts about SLM Solutions The Company The History The Technology The Products Target Aerospace Target Medical Target Automotive Target Tooling Why choose SLM Solutions? Future Outlook 3

4 1 4 The Company

5 Lübeck Roggenhorster Straße 9c 5

6 Welcome to the North! N, O, MEZ 6

7 SLM Solutions Group is already operating in keyindustries AEROSPACE AUTOMOTIVE TOOLING HEALTHCARE ENERGY 7

8 2 8 The History

9 SLM Solutions Group a deep rooted 3D printing heritage SLM 280 HL SLM 125 HL Hull Core technology SLM 500 HL Multi laser technology & automated powder handling devices 2013 Drive industrial application of 3D metal based printing technology 2014 onwards SLM 250 HL 2011 First company to process aluminum and titanium 400 Watt technology Fibre Laser technology 2006 Development of SLM technology 2003 Rapid prototyping Since

10 3 10 The Technology

11 Metal based 3D printing is for industrial applications direct part manufacturing 11

12 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, 12

13 Metal technologies Powder bed fusion technology is most relevant for metal 3D printing Technology Materials Typical markets Relevance for metal Companies with this technology Powder bed fusion Thermal energy selectively fuses regions of a powder bed Key technologies: Selective Laser Melting, EBM Metals, polymers Prototyping, direct part 77% (a) Arcam AB EOS Concept Laser Renishaw Phenix Systems Directed energy deposition Focused thermal energy is used to fuse materials by melting as the material is deposited Metals Direct part, repair TRUMPF Optomec DGM Mori Sheet lamination Sheets of material are bonded to form an object Metals, paper Prototyping, direct part Mcor Technologies Binder jetting Liquid bonding agent is selectively deposited to join powder material Metals, polymers, foundry sand Prototyping, direct part, casting molds Voxeljet ExOne Material jetting Droplets of build material are selectively deposited Polymers, waxes Prototyping, casting patterns Material extrusion Material is selectively dispensed through a nozzle or orifice Polymers Prototyping Others Vat photopolymerization Liquid photopolymer in a vat is selectively cured by light-activated polymerization Photopolymers Prototyping 13 (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 17

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) 14

15 Powder bed fusion: SLM process 15

16 Important Material and Part Properties Surface Strength Accuracy Rz 30 µm 2-4% less than rolled material ± 50µm / 100 mm Stress Density Hardness 16 Preheated powder and platform up to 200 o C ~ 99.7 % 2-4% less than rolled material

17 Surface quality of SLM process graphics courtesy of RWTH Aachen-Germany 17

18 Quality Control System. Layer Control System. Figure: Automatic error detection of the hole platform. 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 Figure: Single images for error detection and analysis.. 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. 18 Figure: Automatic error detection of individual process errors.

19 Quality Control System. Process Control System. Figure: Extract of the sensor representation in the process constrol system of the Selective Laser Melting System. Specification 19 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.

20 SLM Solutions Groupʹs technology covers the most relevant metals Aluminium Cobalt-Chrome Inconel Titanium Tool Steel and Stainless Steel Light weight High toughness High corrosion resistance High strength, low weight High hardness and toughness Good alloying properties High strength Excellent mech.strength High corrosion resistance High corrosion resistance Material Properties Good processability (casting and pressing etc) Good bio-compatibility Good corrosion resistance High creep rupture strength up to 700 C Good bio-compatibility Low thermal expansion Good machinability Good electrical conductivity Outstanding weldability Good machinability Aerospace Dental Aerospace Bio-material for implants Plastic injection and pressure Automotive Medical implants Gas turbines Aerospace diecasting moulds Applications General industrial applications High temperature Rocket motors Nuclear reactors F1 motor sport Maritime applications Medical implants Cutlery and kitchenware Pumps Maritime Turbo pump seals Spindles and screws Tooling AlSi12 Co212-f acc to ASTM F75 Inconel 625 Pure titanium AlSi10Mg Inconel 718 Ti6Al7Nb (316L) Alloys AlSi7Mg AlSi9Cu3 Inconel HX (2.4665) Ti6Al4V Grade X materials on request (H 13) (15-5PH) AlMg4,5Mn0,4 Other materials on request Other materials on request 20

21 4 21 The Products

22 SLM Solutions German engineering with a global reach Key products International sales split (b) RoW 8,6% US 23,8% Germany 37,7% EU ex Germany 19,1% Asia/ Pacific 10,8% International revenues: 62.3% Total 2014: Mio

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 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 23

24 Products Up to 2x 400 Watt Lasers 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 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 Source: Company information 24

25 Products Up to 4x 400 Watt Lasers simultaneously! Build chamber of 500 x 280 x 325 mm and excellent double beam technology. Each of the two fibre lasers ( W) 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 µm Operational Beam Fokus 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 25

26 Productivity Quad-laser 4x 400W Twin-laser 2x 400W Single-laser 400W +235% Build rate (cm³/h) +68% 26

27 5 Target Aerospace 27

28 World air traffic over 24 hours! 28

29 Weight reduction potential Aerospace projects , per Kg Aircraft design 1.000, per Kg The amount of money industries are willing to pay to safe 1 Kg Automobile industry 10, per Kg 29

30 Aircraft Application Smart (internal) Structures and Designs lightweight parts substitution of solid mass to boost production Engineered materials Courtesy of LZN- Hamburg-Germany and Airbus 30 Re-designed aircraft bracket Height 342 mm Material: Al and Ti Build time for two parts: 41:23h Original design

31 Example Courtesy Uni Chemnitz, Airbus, Liebherr aerospace Hydraulic valve housing in wing Postmanufactured part made of Titanium alloy 31

32 General Electric 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 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 Source: GE company data 32

33 Industrial revolution: complexity through SLM Technology! Weight No. Of components -25% GE Leap-Engine 9x1 Durability 5x -95% 33

34 6 34 Target Medical

35 Building up dental bridges in high accuracy 35

36 SLM Manufacturing tolerances Deviation Distribution Standard Deviations 36

37 Industrial revolution: cheaper! -70% Costs 37

38 SLM Case Study Medical Hip Implant Aceptabular cup for Hip repair - Courtesy of Royal Perth hospital 38

39 Sucessful conclusion (Theatre Images*) *Images captured by Robert Day 39

40 Latest project Skull bone repair near eyeball CAD-Design of implant 40

41 During surgery 41

42 CT-Scan after surgery Courtesy Prof. Marcin Kozakiewicz 42

43 7 43 Target Automotive

44 SLM CASE STUDY AUTOMOTIVE Results 3D optical measurement rear Automotive heat shield ALUMINIUM! L: 285,17mm H: 192,78 mm B: 160,92 mm V: cm³ 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. Part: Automotive heat shield 44

45 Large structures and designs Re-designed automotive front axle part Height 320mm Material: Al Build time: 88:16h 45

46 Tire mould production with SLM Design and build mould segments easily Very thin details possible Material: Al, steels Fast build time! 46

47 8 47 Target Tooling

48 Industrial revolution: faster Cooling channels Cycle time - 30% 48

49 Build sequence of conformal cooling insert 49

50 Injection mould for GARDENA garden tool SLM production of tool insert SLM production of tool insert Advantages: Reduction of cycle time by 35 % Ideal design of size, form and function of cooling channels Quality improvement of injection moulding 50

51 9 Why choose SLM Solutions? 51

52 SLM Solutions a leader in metal based 3D printing Deep rooted 3D printing heritage German engineering with a global reach Enormous addressable market Technological leadership position Expanding blue chip customer base Profitable growth 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 Revenue CAGR of 55,5% and increasing EBITDA margin (adjusted) of 18% of SLM segment Clear growth strategy Strengthening of sales force & services network, consumables business and R&D 52

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 Source: Company estimate for illustrative purposes 53

54 SLM Solutions Group has recently shown high growth Diagrammtitel SLM 250 HL / SLM280 HL SLM 125 HL SLM 500 HL State 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 (a) According to CODEX Partners Source: Company information, CODEX Partners, Wohlers, broker research 54

55 Productivity of selective laser melting (SLM) Quality Build part Time Cost 55

56 Direct and indirect SLM productivity Direct + Indirect Potential benefits Freedom of geometry Built time Part cost Part Properties Function Speed & Flexibility Weight Part integration Eco Balance Examples Bionic geometrics Prototypes Dental caps Orthopedic implants Conformal cooling Turbine maintenance & repair Aircraft parts Engine parts Material savings Direct cost benefits currently only for complex parts and small lots 56

57 Improving the build part cost structure Metal Powder Machine & Peripherals What are the levers? What is the potential? Personell 33 Build Part Cost Today??? Build Part Cost 2020 Note: Illustrative, SLM Solutions company estimate for sample build part, CoCr, no overhead included 57

58 Several levers to reduce machine related part cost Higher build rate is a key driver Powder deposition & laser melting Levers for part cost reduction - machine & peripherals Higher build rate Remote service Exchangeable build chamber Process monitoring & control Multi machine operation Closed loop powder feeding Reliability & robustness Price for machine & peripherals Speed of service response (initial investment) Gas type & consumption Enlarged build envelope Setup, cool down & removal 24 High MTBF Easy maintenance & repair 18 Machine not used Downtime Maintenance & repair Consumables & supplies Metal powder loss & scrap 58

59 Long term experienced and stable distributor network!

60 Solid share price development diversified shareholder structure Share price development as of May 8, 2015 Shareholder structure as of May 8,

61 10 Future Outlook 61

62 Research & Development focus areas Functionality Speed Surface finish Accuracy Performance 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

63 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 Source: Company information 63

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 Start rt En dend Source: Company information 64

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 Automatic sieving and feeding Source: Company information 65

66 Further expansion of global sales, application and service footprint Americas Lübeck, Germany APAC 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!) Detroit Singapore 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 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 Headquarters US subsidiary Distribution partners Singapore subsidiary 66

67 Thank you for listening!

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 anoffer 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. 68