Oneview Healthcare PLC · ASX:ONE
Oneview Healthcare — FY2021 Earnings Presentation
27 slides from Oneview Healthcare's earnings presentation, Feb 25, 2022
Slide 1: Full Year 2021 Results
25 February 2022 FULL YEAR 2021 RESULTS
Slide 2: Legal disclaimer
Legal disclaimer This presentation contains general information about the activities of Oneview Healthcare PLC (ABRN 610 611 768) (Oneview or Company) which is current as at 25 February 2022. It is in summary form and does not purport to be complete. It presents financial information on a statutory
Slide 3: FY2021 Overview
FY?O?1 Overview Oneview>
Slide 4: FY2021 Financial highlights (€m)
FY2021 Financial highlights (€m) Recurring Total revenue €5.35 ▲ 5% revenue €9.73 ▲ 37% Gross Gross margin €5.31 ▲ 12% margin %1 55% ▼ -12% Cash (€6.18) ▶ - Operating EBITDA operating expenses2 (€11.49) ▲ 5% Cash Net loss after tax (€8.19) ▼ -13% balance €15.2 ▲ 223% 1 Gross profit margins reduced t
Slide 5: Quarterly cashflow trend
Quarterly cashflow trend • The company had a net operating cash inflow for the first time in its history. Net operating cash inflows totaled €1.3m • Receipts from customers of €5.46m (A$8.6m), up 280% on the prior quarter and up 101% vs the previous corresponding period • The average quarterly cash
Slide 6: FY2021 Operational highlights
FY2021 Operational highlights Feb 2021 May 2021 Aug 2021 Nov 2021 • Signed significant GTM • Key customer testimonial • Accepted to Microsoft’s • Raised A$21m (€13.4m) partnerships with webinar with NYU Azure Marketplace as a additional equity (before costs) Samsung and Caregility Langone Health tra
Slide 7: Connected patient room
Connected patient room Oneview>
Slide 8: The connected patient room
The connected patient room A scalable, future-proof bedside technology platform that integrates and unifies systems to support: ü better patient engagement ü greater patient comfort ü improved safety 8 ü hybrid care models
Slide 9: Delivering the connected patient room
Delivering the connected patient room Single bedside technology platform that enables new hybrid models of care in inpatient settings and creates a pathway to “Augmented Care” using AI in the future Now Next Future Virtual care on tablets enabling tactical Virtual care on the patient’s television Ar
Slide 10: Laying the foundation
Laying the foundation Oneview>
Slide 11: Cloud deployment
Cloud deployment VPN setup Hospital IT • Cloud solutions launched 30th March 2021 Client device network (incl. Wi-Fi) with assistance from Microsoft’s Fast Track for Azure program Media Hosting • CXP Cloud Start: Light weight solution that Server-side network can be deployed quickly Application Serv
Slide 12: Enterprise android hardware
Enterprise android hardware Oneview Hybrid Coax Set-Top-Box • Price to customer less than half that of Windows set-top-box • Supports both IPTV and legacy coaxial TV infrastructure, ensuring “backwards compatibility” for older hospitals and unlocks expansion opportunities with existing customers • I
Slide 13: Information security & data privacy
Information security & data privacy • The threat – and cost – of data breaches and cybersecurity attacks in healthcare has never been higher • We do our utmost to minimise the security risk and to protect patient data • Improved security features are continuously added to new software releases • We
Slide 14: Product innovation
Product innovation • 20% of RFPs in 2021 included requirements for a Patient Communication Board to replace the traditional patient room whiteboard • Leveraging platform to create up-sell opportunities aligned to the business driver of digitalisation • Ensuring the care team have real-time informati
Slide 15: Financial information
Financial information Oneview>
Slide 16: FY2021 Income Statement
FY2021 Income Statement Variance % • Recurring revenue increase of 5% due to € millions FY21 FY20 (FY21 – FY20) increase in live beds Recurring revenue 5.35 5.11 5% Non recurring revenue 4.38 1.99 120% • Sales of hardware and services (non- Total revenue 9.73 7.10 37% recurring revenue) increased by
Slide 17: FY2021 Balance Sheet
FY2021 Balance Sheet as at as at • Cash balance of €15.2m € millions 31-Dec-21 31-Dec-20 Assets • Equity fundraises of A$21m (€13.4m), before Cash and cash equivalents 15.18 6.80 costs Trade and other receivables 2.54 3.96 Property, plant and equipment 1.28 1.65 • Payables increased as Company avail
Slide 18: FY2021 Cash Flow
FY2021 Cash Flow • Net cash at 31 Dec 2021 of €15.2m € millions FY21 FY20 Net cash used in operating activities (4.03) (7.82) • Total operating cash outflow of €4.0m, Cash flows from investing activities down 48% on the pcp Purchase of property, plant and equipment (0.07) (0.05) Acquisition of intan
Slide 19: 2022 Outlook
2022 Outlook Oneview>
Slide 20: FY2021 Operating conditions
FY2021 Operating conditions COVID continued to create very challenging operating conditions for hospitals and slowed our ability to deploy contracted beds 20
Slide 21: Key commercial pipeline metrics
Key commercial pipeline metrics • After a fallow period in 2020 and Q1 2021, inbound RFIs and RFPs have accelerated steadily despite the ongoing pandemic • 65% of FY2021 procurement activity was in H2 • The first two months of this year have seen a further acceleration in activity with 6 separate RF
Slide 22: FY2022 Market trends
FY2022 Market trends Conditions remain challenging, but create opportunity for strategic solutions Margins are down Costs are up • Estimated that more than a third of hospitals ended • In January 2022, nearly a quarter of hospitals 2021 with negative margins1 experienced critical staffing shortages3
Slide 23: US hospital market – $178B support package
US hospital market – $178B support package “Approaching two years into the pandemic, policymakers have provided substantial support for hospitals and other health care providers to compensate for lost revenue and higher expenses associated with the COVID-19 pandemic. The legislative actions are desc
Slide 24: The global nursing shortage
The global nursing shortage “Burnout among nurses, physicians, and other healthcare workers was a pervasive problem even before the onset of the COVID-19 pandemic and the staffing shortage continues. This was exemplified in an April survey from the American Nurses Foundation, which found that the pa
Slide 25: Current market conditions/outlook
Current market conditions/outlook • Pandemic has led to a paradigm shift in the perceptions of value for bedside technology • Initial technology response to the pandemic was sporadic and unstructured • Actively engaged in strategic conversations with major US health systems who are contemplating way
Slide 26: Regis Healthcare update
Regis Healthcare update Following comprehensive legal advice, the Company has launched a legal claim in the Supreme Court of Victoria, Commercial Court against aged care operator Regis Aged Care Pty Ltd (a wholly owned subsidiary of Regis Healthcare Limited) for breach of the Collaboration Agreement
Slide 27: Q&A
27 Qé&A Oneview>