3D PRINTERS & MATERIALS | PRODUCTS

Full-year 2018 resultsParis, 3 April 2019

SAFE HARBOR

This presentation contains statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-lookingstatements reflect current expectations for results and future events.

Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance orevents to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks,uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targetsinclude, among other things: the risks and uncertainties mentioned in this press release; the strength of the competition; market growth; currency fluctuations;interest rate fluctuations; raw materials price fluctuations; armed conflicts or political instability; obtaining the export authorizations that may be required forcertain activities; control of costs and expenses; changes in tax legislation, rules, regulations or enforcement; our ability to successfully keep pace with technologychanges; our ability to attract and retain qualified personnel and key personnel; the evolution, interpretation and uniform application and implementation ofInternational Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain and manufacturing bottlenecks; theperformance of our business partners (subcontractors, agents, suppliers, etc.).

Some of these risk factors are set forth and detailed in our Reference document. This list of risks, uncertainties and other factors is not exhaustive. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effects on our targets.

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CONTENTS

1. 2018 operational highlights

2. 2018 financial highlights

3. Strategy and outlook

3

2018 operational highlights

Raphaël Gorgé, Executive Chairman

4

2018 RESULTS REFLECT CONTINUED PROGRESS AND EXECUTION OF OUR STRATEGIC PRIORITIES

5

SOUNDFINANCIALS

DIFFERENTIATING TECHNOLOGIES

▪ 2018 revenue objective achieved

▪ Continued strong revenue growth in 2018 (+75%)

▪ EBITDA and cash generation from operating activities continuing improvement

▪ Launch of new 3D printers: ProMaker LD-3, ceramic MOVINGLight® V10, and ProMaker LD-20

▪ Confirming strong position of Prodways Group in the dental market

INTEGRATED OFFERING

▪ Strengthening in the machine business with the acquisition of 100% of the US 3D printer maker Solidscape

▪ Strenghtening in the on-demand part business with the acquisition of a majority stake (70%) in the US service bureau VARIA 3D

2018: DELIVERING HIGH-DOUBLE DIGIT AND PROFITABLE GROWTH

6

EBITDA SHOWING CONTINUED IMPROVEMENT

Revenue

€ million

EBITDA1

€ million

1 EBITDA: Profit (loss) from continuing operations before depreciation, amortization and provisions, and before free share allocation expenses

-2,9

-4,9

-1,2

1,2

2015 2016 2017 2018

+75% REVENUE GROWTH SINCE THE IPO IN 2017

17,8

25,2

34,8

61,0

2015 2016 2017 2018

SOLIDSCAPE: A MAJOR ACQUISITION WITHIN THE MACHINE BUSINESS ADDING NEW WAX BASED TECHNOLOGY

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SOLIDSCAPE

#1global market

leader in jewelry

+$10MRevenue expected

in 2019

+5,000global installed

base of 3D printers

• 66 people in Merrimack, USA• Multiple synergies: sales & marketing, R&D, complementary

technologies• Consolidate Prodways Group’s Machine business and presence in the

USA• Unique jewelry service & reseller network

S350, S390S500

WAX S series

20

18

20

18

A PORTFOLIO OF TECHNOLOGIES EXPANDING TO A GROWING NUMBER OF INDUSTRIAL APPLICATIONS

P4500P2000

L serie

P1000

LD20LD10 LD3

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Laser sintering

DLPPlastic & ceramic

Wax

Rapid Additive Forging

Production

Hearing aids

Dental

Rapid prototyping

Production

R&D

ProductionJewelery

V10

S300 series S500

2018 financial highlights

Pierre-Olivier Gisserot, CFO

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2018 P&L HIGHLIGHTS

10(1) EBITDA : Profit (loss) from continuing operations before depreciation, amortization and provisions, and before free share allocation expenses

(€ million) FY2018 FY2017 Change H2 2018 H2 2017 Change

REVENUE 60,9 34,8 +75,0% 33,3 20,2 +65,4%

EBITDA1 1,2 (1,2) nm 1,0 (0,1) -

PROFIT (LOSS) FROM CONTINUING OPS

(3,9) (5,5) nm (1,8) (2,3) nm

OPERATING INCOME (5,0) (6,6) nm (2,6) (3,4) nm

Taxes (0,7) (1,2) nm (0,2) (1,5) nm

NET INCOME (5,7) (7,7) nm (2,7) (4,8) nm

NET INCOME – GROUP PART (5,5) (7,6) nm (2,6) (4,7) nm

IMPROVED PROFITABILITY

2018 DIVISIONS HIGHLIGHTS

Triple-digit growth rate boosted by Software performance and Solidscape acquisition

EBITDA significantly improved

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SYSTEMS PRODUCTS

17,4

38,4

FY

Revenue (€M)

-1,6

1,1

FY

EBITDA1 (€M)

FY2017

FY2018

17,822,9

FY

Revenue (€M)

0,8 0,5

FY

EBITDA1 (€M)

+120,8%-37,5%

Revenue up +28,2% year-over-year boosted by On-demand manufacturing

EBITDA impacted by sustained investments

1 EBITDA: Profit (loss) from continuing operations before depreciation, amortization and provisions, and before free share allocation expenses

FY2017

FY2018

FY2017

FY2018

FY2017

FY2018

+28,2%

Change in net cash position as of December 31, 2018

CONTINUED PROGRESS IN CASH FLOW FROM OPERATIONS

12

€ million

INVESTMENT AND M&A DRIVEN BY SOLIDSCAPE ACQUISITION AND INVESTMENT IN ON-DEMAND MANUFACTURING ACTIVITY

Strategy and outlook

Raphaël Gorgé, Executive Chairman

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SURDIFUSE-L’EMBOUT FRANÇAIS ACQUISITION: UNLOCKING VALUE THROUGH 3D PRINTING

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SURDIFUSE-L’EMBOUT FRANÇAIS

Tier 1French custom ear tips manufacturer

+€3MRevenue expected

in 2019

50%3D printed production

• 40 people in Paris and Lyon, France• French leader and one of the European leaders in ear tips for hearing

aids and customized hearing protectors

CONSOLIDATE PRODWAYS GROUP POSITION IN

THE CUSTOM EARMOLD MARKET

DEVELOP A 100% DIGITAL AND 3D PRINTED

PRODUCTION

STRENGTHEN SALES & MARKETING TO BOOST

INDUSTRY MARKET POSITION

SOLIDSCAPE: IMPLEMENTING COMMERCIAL, TECHNICAL AND OPERATIONAL SYNERGIES

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DL

MERGER OF PRODWAYS AND

SOLIDSCAPE OFFICES IN THE USA

COMMERCIAL DEVELOPMENT

IN THE US

LAUNCH IN JANUARY 2019 OF

THE SOLIDSCAPE DL PLASTIC PRINTER

R&D

ON-DEMAND MANUFACTURING: GROWING INTEREST IN SERIES AND COLLABORATION

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Scanning and data preparation

Design

3D printing

Automaticloader/ unloader

Process automation

Packaging

LAUNCH OF OUR FIRST AUTOMATED ALIGNERS PRODUCTION SYSTEM TO ADDRESS THE BOOMING CLEAR ALIGNERS MARKET

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Unique end-to-endsolution

Producing up to 2,300 aligners / dayusingProdways’machinesand materials

Access to the largest 100% digital and 3D printing market

POWERING INNOVATIVE MANUFACTURING

CONTINUE TO BUILD ON OUR UNPARALLEL OFFERING

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DESIGNING AND PRODUCING INNOVATION

SOLUTIONS FOR IMPROVING LIVES

Materials and machines development

Sales and marketing enhancement

Series production and partnerships

Digital development

Development of a 100% digital earmold production

3D dental lab

2019 OBJECTIVE

19

17,8

25,2

34,8

60,9

2015 2016 2017 2018 2019e

€ million

2019 revenue : at least 15% revenue growth

Doube-digit EBITDA margin businesses

Loss making businesses shaping the future of

the Group

Manage profitability

Software

Rapid prototyping

Materials

Serie production

RAF

Machines

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