Bactiguard Holding Ab · OMXSTO:BACTI_B

Bactiguard Holding Ab — Q3 2018 Earnings Presentation

21 slides from Bactiguard Holding Ab's earnings presentation, Nov 6, 2018

  1. Slide 1: Bactiguard Infection Protection Q3 presentation

    Bactiguard Infection Protection Q3 presentation 6 November, 2018 1

  2. Slide 2: Financial highlights

    Financial highlights Stable development following a very strong second quarter ✓ Q3 revenues of MSEK 35.7 (34.8) - 3% higher than in 2017 ✓ License revenues were higher at MSEK 30.1 (28.3) - BD revenues were higher in Q3, while new revenues were higher last year ✓ BIP sales were lower than last year

  3. Slide 3: Operational highlights

    Operational highlights ✓ Two more tenders won in Sweden, including first for CVCs ✓ New distribution partnership with Mediplast for Scandinavia – larger sales force in Sweden and access to Denmark and Norway ✓ Partnership with Well Lead moving ahead at high pace ✓ Product approval for Egypt finally

  4. Slide 4: Media and public attention

    Media and public attention Varstingbakterie pa uppsegiing KARLSKRONA | Artkeln publiceraces 22 september 2018 En muttiresistent tarmbakterie har tagit plats bland de storsta bekymren for 3 million common procedures in stnittskyddet i Blekinge rapporterar Radio P4 Blekinge. ESBL heter den multiresist

  5. Slide 5: Recent developments in the healthcare sector

    Recent developments in the healthcare sector • Getinge - patient safety and quality-related issues (FDA remarks) in US operations - reserved SEK 1.8 billion for future US claims • Boule Diagnostics - US FDA warning for errors in Swedish production • Hansa Medical - fast-track decision by the FDA on

  6. Slide 6: Allbright report October 2018

    Allbright report October 2018 • Bactiguard one of the most equal companies ✓ 21 of 329 listed Swedish companies ✓ 50% women in the management team ✓ 2 of 5 on the Board ✓ 60% in the company as a whole ✓ 17 different nationalities • The number of equal, listed Swedish companies has increased to 14% (

  7. Slide 7: Shareholder base

    Shareholder base Share of capital % % Shareholders of capital of votes CHRISTIAN KINCH AND COMPANY 18,4% 34,8% THOMAS VON KOCH AND COMPANY 18,4% 34,8% NORDEA INVESTMENT FUNDS 9,4% 4,5% STÅHLBERG, JAN 8,9% 4,3% FJÄRDE AP FONDEN 8,4% 4,0% HANDELSBANKEN INVESTMENT 4,8% 2,3% FUNDS OTHERS 31,7% 17,5% TOT

  8. Slide 8: Market update

    8 Market update Europe • Breakthrough CVC tender in Sweden • New partnership for Scandinavia • Upscaling activities in Germany MEA CHINA • Partnership with Well Lead moving ahead • Egyptian registration finally in place • First product delivery made in Q2 • Stable overall development despite • Onboa

  9. Slide 9: Swedish presence

    Swedish presence BIP Foleys procured for 70% and BIP CVCs for 13% of total population Stockholm region & County councils Gotland without tenders 23% 30% Blekinge 2% Kronoberg 2% Kalmar 2% Västra Götaland Värmland region 3% Halland 17% 3% Skåne region Östergötland 13% 5% Source: SCB (statistics Swede

  10. Slide 10: Licensing business

    Licensing business BD (C.R. Bard) ➢ Successful partnership since 1995 ➢ Bactiguard coated Foley catheters for the US, Japan and UK/Ireland ➢ Generating stable annual revenues Vigilenz Medical Devices ➢ Bactiguard coated orthopaedic trauma implants for the ASEAN markets ➢ Focus on concluding CE proce

  11. Slide 11: Business model

    Business model Two lines of business License BIP Portfolio 1 2 3 4 BD, Vigilenz, Smartwise BIP Foley BIP ETT BIP CVC and Well Lead License BIP revenue License agreements for Direct sales of own product portfolio various applications through longstanding partnerships 11

  12. Slide 12: Financial highlights

    Financial highlights Third quarter (July-September 2018) Highlights • Revenues of MSEK 35.7 (34.8), an increase of 3% • BIP sales of MSEK 3.9 (5.2), 24% lower than last year following an all-time high in Q2 • New licence revenues from Well Lead of MSEK 3.1 (4.0 from Smartwise last year) • License re

  13. Slide 13: Revenue and EBITDA last twelve months (LTM)

    Revenue and EBITDA last twelve months (LTM) Income distribution Last twelve months • Strong revenue development, 11% • Development mainly driven by strong growth in BIP sales, 66% • EBITDA somewhat lower MSEK 27.6 (30.2) • Lower EBITDA since BIP sales represent a larger share of total sales and one-

  14. Slide 14: BIP revenues

    BIP revenues Supplied products • Revenues from BIP-products of MSEK 3.9 (5.2) in Q3 • YTD revenues amounted to MSEK 26.1 (14.5), an increase of 80% • For the full year 2017 BIP-products generated revenues of MSEK 21.8

  15. Slide 15: Development in revenues from BIP products

    Development in revenues from BIP products Supplied products Value delivered BIP products, rolling 12 mths 40 • Strong Q2 2018 35 30 • Lower activity in Q3 MSEK 25 • 80% increase YTD 20 15 • 17% CAGR over this time period. 10 5 0

  16. Slide 16: Revenue distribution

    Revenue distribution Income distribution

  17. Slide 17: Cash flow and liquidity

    Cash flow and liquidity Cash flow third quarter (July-September) • Positive operating cash flow of MSEK 4.1 (5.2) • Net Cash position of MSEK 8.4 (19.5) • Liquidity of close to MSEK 40

  18. Slide 18: Financial targets

    Financial targets Average sales growth of 20% per annum for a 5-year period, with 2015 as the base year – starting point MSEK 118.5 EBITDA margin of at least 30% at the end of the 5-year period (by 2020) Equity ratio of at least 30% Over time uphold a dividend policy of 30-50% of net profit, taking

  19. Slide 19: Concluding remarks

    Concluding remarks ✓ Revenues are growing ✓ BIP sales increased by 80% in first nine months Strong development in China and India, combined with improved product mix Swedish sales growing and breakthrough CVC tender won ✓ License revenues up in Q3, lower in first nine months BD revenues catching up

  20. Slide 20: Our vision

    OUR VISION Eliminate healthcare associated infections to 1. save lives 2. reduce cost and 3. limit antimicrobial resistance, through preventive standards of care.. 20

  21. Slide 21: Bactiguard representatives

    Bactiguard representatives Christian Kinch, CEO Switchboard +46 8 440 58 80 christian.kinch@bactiguard.se @ChristianKinch Cecilia Edström, CFO Cell phone +46 72 226 23 28 cecilia.edstrom@bactiguard.se @EdstromCecilia For additional information, please visit www.bactiguard.se 21

Bactiguard — Q3 2018 Earnings Presentation on 6ix