1. business and industrial
2. manufacturing

Investor Overview
Jeff Armstrong
Chief Executive Officer
Keith Marchiando
Chief Financial Officer
March 2015
NASDAQ: PRCP
Public Release
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Safe Harbor Statement
Cautionary Statement
Certain statements made or incorporated by reference in this presentation
reflect management’s estimates and beliefs and are intended to be, and are
hereby identified as, “Forward-Looking Statements” for purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These statements often include words such as “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate”, or similar expressions. These
statements are based on certain assumptions that Perceptron has made in
light of its experience in the industry as well as its perspective of historical
trends, current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. Actual results may
differ materially from the anticipated results because of risks and
uncertainties. These risks and uncertainties are set forth in Perceptron’s
Annual Report on Form 10-K and other filings from time to time with the
Securities and Exchange Commission. We disclaim any obligation to publicly
update our forward- looking statements after the date of this presentation.
Public Release
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Global metrology company offering best-inclass advanced manufacturing solutions
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Founded in 1981 with headquarters in Michigan.
15 sales, service and support offices worldwide.
3D laser-optic machine vision & robot guidance systems.
Real-time, non-contact measurement and automation.
Extensive hardware and software intellectual property.
Significant competitive advantages.
Global standard for several major car makers.
Profitable with a strong balance sheet.
New management team tasked to reinvigorate growth and
increase shareholder value.
Perceptron enables better quality and lower costs for
industrial manufacturing customers
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Product & Service Offerings
• 3D machine vision solutions for:
– Production line measurement systems:
Real time 100% measurement, analysis and feedback
– Production line assembly systems:
Automated assembly, analysis and feedback
– Off-line 3D measurement products:
Robotic, portable and Coordinate Measuring Machines
• Value proposition to manufacturing customers:
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Improve quality: In process control and as finished goods
Reduce costs: Minimize scrap/rework and increase automation
Shorten product development: Reverse engineering tools
Global solutions with local support: Training, service, and
support from company locations worldwide
– Complete offerings: Turnkey, fully integrated solutions
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Production Line Measurement
Reduced scrap and labor costs with better quality
100% Real Time, Automated Robotic Inspection
Over 900 active installations, in over 200 plants, with 40+
automobile makers and Tier 1 suppliers.
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Production Line Robotic Assembly
Reduced labor costs with better quality
Fully Automated Robotic Installation with 100% Inspection
Door Installation
Roof Installation
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3D Scanning & Measurement
Higher throughput & productivity with better quality
3D scanning solutions for reverse engineering and inspection
Handheld
Coordinate Measuring
Machines (CMMs)
Portable CMMs
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Recent Acquisitions
Perceptron Takes Leadership Position in Coordinate Measuring Machines
with High Value, High Quality CMMs and Easy to Use Software
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Strong Acquisition Business Case
• Perfectly aligned with our Strategic Objectives
• Vertical integration provides a direct vehicle for 3D Scanning sales
• Increases industry diversification from ~ 5% to 20%
• Very low technical and business integration risk
• Notionally adds 25% top line revenue - growing at a 15% CAGR
• Total Addressable Market of $1.8 billion annual CMM spend
• Access to 6X more core automotive customer metrology spend
• Low cost to scale with our existing Sales Teams
• Reasonable purchase valuations for an established, growing
business and a fully developed software suite
• Deal leaves us with a very strong balance sheet
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Fully Integrated Solutions
Developing a portfolio of leading edge, integrated products
 Robot
 CMM
Movers
 Vector
 Portable
Software
 TouchDMIS
 ScanWorks
Scanners
 Helix
 V Series
 Smart3D
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Recent Product Announcements
Smart3D™ Portable Laser Scanning
– Productivity breakthrough for reverse engineering and
modeling. Automated and easy to use with Helix technology.
– $22.5K price point for commercial reverse engineering
– Higher range, inspection grade solutions coming
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Recent Product Announcements
Coord3 Benchmark™ Hybrid CMM
– Fully integrated, easy to use, 3D scanning
coordinate measuring machine
– Incorporates technology of recent
acquisitions with a Perceptron scanner
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Recent Product Announcements
AutoScan™ Automated Robotic Scanning
– Productivity breakthrough for manufacturing metrology
– Collaborative Fanuc or UR robot with Helix technology
– Fully integrated, turnkey product
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Served Market Segments
$5 Billion Potential Market
Robotic Automation
Other 3D Scanning
CMM - Auto
CMM - Aerospace
Industrial Metrology
CMM - Machine
Shop
CMM - Other
Our direct addressable market – just in automotive has increased to approximately $750M
Based on Frost & Sullivan, IHS and management’s best estimates
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Financial Overview
Income from Continuing Operations
Revenue
$6,130
$57,379
$54,307
$60,886 $59,612
$50,847
$38,287 $40,199
$2,650
$2,827
2011
2012
$2,427
$70
$(1,345)
$(6,595)
2008
2009
2010
2011
Americas
2012
2013
2014
2008
2009
2010
2014 Revenue Profile
Europe
31%
2013
2014
Asia
23%
46%
$18.3 Mil.
$27.8 Mil.
Public Release
$13.5 Mil.
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Competitive Advantages
 Technological
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Best in industry laser optical scanners
Fully integrated software with extensive analysis tools & ease of setup
Significant, ongoing R&D to develop innovative solutions
Patents covering hardware and software intellectual property
 Customer focus
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Training, service, and support from company locations worldwide
Able to deliver turnkey, fully integrated solutions
Software and documentation published in 13 languages
Deep experience = lowest financial, schedule and performance risk
 Extensive industry knowledge:
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Automotive market and technical leader
Global standard for several OEMs with ~ 60% in-line market penetration
Solutions for a wide range of industry needs
Strong relations with robot makers and integrators
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Strategic Roadmap for Success
• Profitable Organic Growth
• Industry Diversification
• Broaden and Extend Our Technical Leadership
• Maintain Operational Excellence and Fiscal Discipline
Commitment to Growth and
Increasing Shareholder Value
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Profitable Organic Growth
• Global auto production forecast 4% CAGR for 2015-2020:
– Exceed that by expanding our customer relationships
o Inline measurement forecast >10% CAGR
o Gain new customers (Tier 1 suppliers, agricultural, etc.)
o Leverage CMM sales with our existing customer base
• 3D scanning market forecast 8-11% CAGR for 2015-2020:
– Match that performance with new products and new customers
o Deliver new, innovative and cost effective products
o Improve direct and VAR channels to market
• Scanning CMM market forecast 15% CAGR for 2015-2020:
– Match that performance
o Deliver easy to use, fully integrated, price competitive products
o Enable Coord3 continued 15% CAGR
o Shared sales channels with 3D Scanning products
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Industry Diversification
• Target 30% diversification by the end of FY17.
– Coord3 acquisition takes us from 5% to 20% non-automotive
• Pursue while the automotive cycle is favorable.
• CMM growth provides diversification into aerospace,
machinery, and energy.
• 3D Scanning provides broad industry diversification, higher
gross margins, and a higher CAGR.
• Capitalize on our worldwide sales, support, and relationships.
• We will continue to strive to lead the automotive metrology
market where we have strong growth opportunities.
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Extend Technical Leadership
• Target R&D spend on adjacent and transformational products.
• Continue software ease of use initiatives for a much broader
market with lower skill levels.
• Increase our competitive advantages through partnerships.
• Continue to maintain leading edge sensor performance.
• Focus on low cost, quick feedback, lean start-up activities.
• We will deliver more new products in the next nine months
than at any similar period in our history.
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Maintain Fiscal Discipline
• Focus on profitable top line growth
• Target our product mix for higher gross margins:
– Maintain a 45% gross margin benchmark
• Reduce SG&A costs & increase operating income:
– Drive operational efficiencies as we grow the top line
• Maintain operational excellence:
– Focus on continued high customer satisfaction
• Prudent capital allocation:
– Wise use of cash to maximize shareholder value.
– Maintain a strong balance sheet.
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Investment Proposition
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New management team
Charter for growth and increased shareholder value
Industry leading metrology technology and services
Global infrastructure base to leverage
Strong and growing automotive base to leverage
Large and growing adjacent markets
Top line growth will enable profit expansion
Financially strong with solid cash flow
On track to achieve fiscal 2015 growth objectives
Lower multiples compared to peers
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Thank you for your time and interest.
Questions?
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