Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — Longview Acquisition — J.P. Morgan 39th Annual Healthcare Conference (January 2021)
29 slides from Butterfly Network's conference presentation, Jan 12, 2021
Slide 1: J.P. Morgan 39th Annual Healthcare Conference Presentation
J.P. Morgan 39 th Annual Healthcare Conference Presentation 1 January 1 2, 202 1
Slide 2: Disclaimer
Confidential — Not for Distribution Disclaimer 2 © 2020 Butterfly Network, Inc. This presentation is for information purposes only to assist interested parties in making their own evaluation with respect to t he proposed business combination (the “Business Combination”) between Butterfly Network, In
Slide 3: Disclaimer (cont.)
Confidential — Not for Distribution Disclaimer (cont.) 3 © 2020 Butterfly Network, Inc. 3 Important Information About the Business Combination and Where to Find It In connection with the proposed Business Combination, Longview has filed with the Securities and Exchange Commission (the “SEC”) a regis
Slide 4: The Story of Butterfly
Confidential — Not for Distribution 4 The Story of Butterfly • Driven by the vision of an innovative founder • Butterfly developed and introduced a revolutionary product • With a breakthrough technology putting ultrasound on a semiconductor chip • Pursuing ubiquity through simplicity and affordabili
Slide 5: Supported by a Clear Mission and World Class Team
Confidential — Not for Distribution Supported by a Clear Mission and World Class Team Zero selling shareholders in the transaction Visionary Leadership Strong Support Team $400mm+ of Total Funding Gioel Molinari President / Product & Software Stephanie Fielding Finance Jan Grimm Sales Dave Perri Har
Slide 6: Clinical Overview
6 Clinical Overview
Slide 7: Addressing an Unmet Need
Addressing an Unmet Need Breaking through the barriers of conventional ultrasound systems Ultrasound usage today has been constrained by high upfront system cost, limited access, and suboptimal convenience. 7 Medical Professionals’ and Patients’ Needs Ubiquity Mobility Affordability Ease - of - use
Slide 8: The Opportunity is Immense and Meaningful
of diagnostic dilemmas can be addressed through simple imaging The Opportunity is Immense and Meaningful Improving healthcare access and delivery is critical 8 of the world has no access to medical imaging 1 1. Per World Health Organization applied to current world population
Slide 9: Use-Cases: Ultrasound is Safe with Broad Applications
Use - Cases: Ultrasound is Safe with Broad Applications 9 Ultrasound Broad Clinical Utilities 9 Lung Cardiac Bladder Needle Viz ™ Retinal Detachment Carotid Vascular Access Joint Injections Trauma Fractures DVT/Blood clots Orthopedics Thyroid Airway Heart Lung Bladder OB/GYN Prostate Stones Carpal T
Slide 10: Expanding Access to Care Beyond Traditional Imaging Settings
Confidential — Not for Distribution Expanding Access to Care Beyond Traditional Imaging Settings New settings closer to patients create breakthrough economics and growth potential … in addition to expanding access to care in numerous new settings Imaging Centers Hospital Sources: 1. GE Healthcare In
Slide 11: Technology
11 Technology 11
Slide 12: Butterfly Demo
Butterfly Demo 12
Slide 13: Empowered by AI: A Revolutionary Imaging Solution
Confidential — Not for Distribution 13 © 2020 Butterfly Network, Inc. Empowered by AI A Revolutionary Imaging Solution of Hardware & Software Powered by Ultrasound - on - Chip™
Slide 14: Open Imaging Ecosystem: Devices, Content, SaaS
Confidential — Not for Distribution Open Imaging Ecosystem: Devices, Content, SaaS 14 Software Services Image Storage (PACS) & Collaboration Enterprise Workflow & Analytics Telemedicine Educational Community AI Collective Intelligence Powered AI Content Hardware Assistance and Interpretation Apps De
Slide 15: Rapid Innovation Cycle for Better Clinical Outcome
Confidential — Not for Distribution Rapid Innovation Cycle for Better Clinical Outcome Continuous i nnovation streams on both h ardware and software Hardware iQ+: Our 2nd Generation Ultrasound - on - Chip™ Software Recent Monthly Upgrades smaller probe head 15% continuous run time 2x faster frame ra
Slide 16: A Logical, Advantaged, Expected Product Roadmap
Confidential — Not for Distribution 16 A Logical, Advantaged, Expected Product Roadmap Our story of innovation only started with Butterfly iQ 2023 iQ Launched in 2018 Gen3 Probe Gen4 Probe Wearable In - Home iQ+ iQ in the Home 2022 2021 2020 2018 2024+ “Butterfly Labs” Innovation
Slide 17: Business Overview
wa Business, — Overview —
Slide 18: Disrupting a Large and Expanding Total Addressable Market
Confidential — Not for Distribution Disrupting a Large and Expanding Total Addressable Market Focus on expansion into new settings beyond legacy market with large addressable populations Sources: 1. Per WHO World Health Report Global Medical Doctors 2. Comprised of Anesthesiologists, Primary Care Ph
Slide 19: The Time for Butterfly to Transform Healthcare is Now
Confidential — Not for Distribution The Time for Butterfly to Transform Healthcare is Now 19 Macro Trends Tailwinds Aging Population Chronic Disease Proliferation Move from Hospital to Home Settings Wellness Monitoring Big Data / AI to Empower Decisions Value - Based Care Adoption POCUS in Medical E
Slide 20: E-Commerce for Individual Practitioners and Early Adopters
Confidential — Not for Distribution E - Commerce for Individual Practitioners and Early Adopters 20 © 2020 Butterfly Network, Inc. General Medicine is #1 Buying Segment… General Medicine Emergency Medicine Anesthesiology MSK Hospitalist Speciality Surgery Cardiology Rads Medical Students OB/GYN 20 D
Slide 21: Healthcare Institutions to Drive Adoption at Scale
Healthcare Institutions to Drive Adoption at Scale Strong initial adoption, excitement, and momentum 21 Butterfly has an existing footprint in most of the Top 100 US Health Systems Butterfly Enterprise
Slide 22: Plans to Access the Home Market
Plans to Access the Home Market Novice healthcare practitioners, then patients self scanning + wearables Dialysis centers Long term care Urology - Bladder Alternative sites of care In - home care 2023 Wearable In - Home 22 Primary care Urgent care Cardiovascular - CHF
Slide 23: Financials
23 Financials
Slide 24: Transaction overview: Butterfly and Longview
Confidential — Not for Distribution • Butterfly Network, Inc. (“Butterfly”) is the inventor / pioneer in the emerging field of semiconductor - based point - of - care ultra sound (“POCUS”) devices and related imaging and workflow software ₋ Founded in 2011 by visionary innovator Jonathan Rothberg (4
Slide 25: Butterfly has Substantial Growth Potential Across Multiple End-Markets
Butterfly has Substantial Growth Potential Across Multiple End - Markets 65% revenue CAGR projected from 2019 - 2024E 2020E 2024E $44mm $334mm Software iQ Commercial Plans ● Scale sales and marketing ● Execute on enterprise - level strategy ● Further develop software and analytics suite ● Plans to l
Slide 26: Robust Revenue Growth with Roadmap to Compelling Margin Profile
Robust Revenue Growth with Roadmap to Compelling Margin Profile Revenue ($ millions) 60% 77% 77% 71% 42% 2020 2021 2022 2023 2024 1. Subject to development timelines and marketing authorization iQ vs. Wearables Wearables Conservatively 0% of 2022 Revenue , 5% of 2023 Revenue, and 10% of 2024 Revenue
Slide 27: Well-Positioned for Future Growth
Confidential — Not for Distribution Well - Positioned for Future Growth 27 Strong Balance Sheet Rapid Growth Recurring Business Over $500 million of cash 1 to drive the Company through its investment phase and to expected positive cash flow Discount to Comparables Revenue projected to grow over 65%
Slide 28: The Story of Butterfly
28 The Story of Butterfly • Driven by the vision of an innovative founder • Butterfly developed and introduced a revolutionary product • With a breakthrough technology putting ultrasound on a semiconductor chip • Pursuing ubiquity through simplicity and affordability • Addressing an unmet need • To
Slide 29: Thank You
29 Thank You Important Information about the Business Combination and Where to Find It In connection with the proposed business combination between Longview Acquisition Corp. (the “Company”) and Butterfly Network, Inc. (“Butterfly”) (the “Business Combination”), the Company has filed with the Securi
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