Syra Health Corp. · OTC:SYRA
Syra Health — Investor Presentation (April 2024)
25 slides from Syra Health's investor presentation, Apr 10, 2024
Slide 1: Investor Presentation
Improving Healthcare INVESTOR PRESENTATION NASDAQ: SYRA April 10, 2024 www.syrahealth.com
Slide 2: Forward-Looking Statements
Nasdaq: SYRA FORWARD-LOOKING STATEMENTS Statements in this presentation about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'could
Slide 3: Syra Health
Nasdaq: SYRA SYRA HEALTH Syra Health provides innovative services and technology solutions to address some of healthcare’s biggest challenges. Our solutions are centered on prevention, improved access, and affordable care. Syra Health specializes in high-margin revenue areas such as behavioral and m
Slide 4: Our Business Units
Nasdaq: SYRA OUR BUSINESS UNITS Behavioral and Mental Health Providers Government Digital Health Population Health PARTNER-CENTRIC SOLUTIONS Healthcare Workforce Health Education Payers Life Sciences Organizations Federal Government Solutions Academic Institutions 4
Slide 5: Behavioral & Mental Health
Nasdaq: SYRA BEHAVIORAL & MENTAL HEALTH Syrenity is focused on the prevention of mental MARKET POTENTIAL U.S. Behavioral Health market size of and behavioral health concerns $132.4 Billion by 2027 With its evidence-based approach, Syrenity According to the National Alliance on includes an AI-backed
Slide 6: Digital Health
Nasdaq: SYRA DIGITAL HEALTH MARKET POTENTIAL A conversational, AI-backed chatbot solution that offers real- U.S. Digital Health market size of time customer support any time. SyraBot is available in up to 200 languages and at a fifth-grade reading level, making it fully accessible. $211B expected to
Slide 7: Population Health
Nasdaq: SYRA POPULATION HEALTH MARKET POTENTIAL U.S. Population Health market size of EPIDEMIOLOGY $20.6B Our experienced team offers epidemiological services to state and local agencies to improve public health. We analyze emerging trends and patterns in health using data-driven methods, providing
Slide 8: Health Education
Nasdaq: SYRA HEALTH EDUCATION MARKET POTENTIAL Health Education market size of HEALTHCARE TRAINING $83B To decrease health disparities and improve patient outcomes and satisfaction, we have a team of subject matter experts that create training for employees and staff of health organizations, pharmac
Slide 9: Healthcare Workforce
HEALTHCARE WORKFORCE Nasdaq: SYRA MARKET POTENTIAL U.S. Healthcare Workforce market size of We evaluate the workforce needs of our partner organizations and use agile implementation staffing methodologies to make it as seamless and cost-efficient as possible to expand our partner’s clinical personne
Slide 10: Federal Government Solutions
FEDERAL GOVERNMENT SOLUTIONS Nasdaq: SYRA MARKET POTENTIAL U.S. Healthcare Workforce market size of $700B Syra Health’s business began with a state government contract and the company continues to serve as a trusted partner to the government. Our specialized services cater specifically to the divers
Slide 11: Behavioral & Mental Health Contracts
BEHAVIORAL & MENTAL HEALTH Nasdaq: Nasdaq: SYRA SYRA CONTRACTS NAME STATE CONTRACT PERIOD VALUE Department of Human Services MS FY 2024 E&I Cooperation US 2023–2028 Syrenity Dept. of Child Services (DCS)/Competency Attainment 2022–2024 IN ~$100K per year Services (+6 years extension possible) Camden
Slide 12: Digital Health Contracts
DIGITAL HEALTH Nasdaq: SYRA SYRA Nasdaq: CONTRACTS NAME STATE CONTRACT PERIOD VALUE 2022–2026 Centene/MHS – Chatbot IN $2.2M (+2 years extension) 12
Slide 13: Population Health Contracts
POPULATION HEALTH CONTRACTS Nasdaq: SYRA SYRA Nasdaq: STAT NAME CONTRACT PERIOD VALUE E Confidential IN 2024-2025 $660K Department of Health IN FY 2024 $480K Department of Behavioral Health/Epidemiological DC 2023 - 2024 (1 year) $250K one time Studies Dept of Health/BRFSS IN 2023–2027 ~$350K annual
Slide 14: Healthcare Workforce Contracts
HEALTHCARE WORKFORCE CONTRACTS Nasdaq: SYRA NAME STATE CONTRACT PERIOD VALUE Department of Behavioral Health/BHA/CPEP and SEH DC 2023 (+5 years extension) Up to$4.75M Department of Behavioral Health/BHA/SEH DC 2023 (+5 years extension) Up to $8.90M Commissioner of Human Services MN 2023-2028 Dept. o
Slide 15: Federal Government Solutions Contracts
Federal Government Solutions Nasdaq: SYRA SYRA Nasdaq: CONTRACTS NAME STATE CONTRACT PERIOD VALUE Sub-contractor on HHS Award US 2024 - 2034 15
Slide 16: Health Education Contracts
Health Education Nasdaq: SYRA SYRA Nasdaq: CONTRACTS NAME STATE CONTRACT PERIOD VALUE Recurring Maricopa County AZ 2023-2024 trainings 16
Slide 17: Revenue
Nasdaq: SYRA REVENUE $9 - $11 M 12 10 8 $5.6 M $5.5 M 23% 6 71% 4 2 0 2022 A 2023 A 2024 E 17
Slide 18: Revenue Distribution & Margin Increase
Nasdaq: SYRA REVENUE DISTRIBUTION & MARGIN INCREASE 2022 2023 18.9% 04% 29% 25.6% Gross 6% Gross Margin Margin 96% 71% 23% Healthcare Workforce Population Health, Health Education Healthcare Workforce Population Health, Health Education and Behavioral and Mental Health and Behavioral & Mental Health
Slide 19: Capitalization Table as of December 31, 2023
Capitalization Table as of December 31, 2023 Class A Common Stock 5,588,298 shares 833,334(1) Class B Common Stock x 10 Class A shares Total Outstanding Shares 13,921,642 shares (Fully Diluted) To purchase 140,750 Options shares of Class A common stock To purchase 1,760,350 shares Warrants of Class
Slide 20: IPO
IPO Offering Size 1,615,000 Units(3) Price $4.125 per Unit IPO Net Proceeds $4.7M Management Ownership After IPO 60% Management Voting Rights 71% After IPO (3) Each Unit consists of one share of Class A common stock and one warrant to purchase one share of Class A common stock at an exercise price o
Slide 21: Investment Summary
INVESTMENT SUMMARY Nasdaq: SYRA Secured a five-year $4.75 million contract with the Secured a one-year contract with a national healthcare District of Columbia’s Department of Behavioral organization worth $660,000 to provide Healthcare Health (DBH), to support DBH's mental health Effectiveness Data
Slide 22: Syra Health Executive Leadership
Nasdaq: SYRA SYRA HEALTH EXECUTIVE LEADERSHIP Deepika Vuppalanchi, PhD Sandeep Allam, MS Priya Prasad, MBA Chief Executive Officer & President & Executive Board Chief Operating Officer & Chief Board Director Chairman Financial Officer • Deepika has more than 10 years of • Sandeep has more than 20 ye
Slide 23: Syra Health Board of Directors
Nasdaq: SYRA SYRA HEALTH BOARD OF DIRECTORS • Since March 2022, Ms. Rogers has served as the Chief Financial Officer of Johns Hopkins All Children’s Hospital. • Previously, Ms. Rogers served as the Chief Financial Officer and Chief Strategy Officer of Eskenazi Health. Sherron Rogers • Since November
Slide 24: Organization History
Nasdaq: SYRA ORGANIZATION HISTORY Healthcare Technology Company Headquartered in Carmel, Indiana CARMEL, INDIANA Incorporated in 2020 Women-Led Became publicly traded on the Nasdaq on September 29, 2023 Ticker Symbol: SYRA 175 employees 24
Slide 25: Thank You
Nasdaq: SYRA THANK YOU christined@syrahealth.com 317-385-9227 Improving Healthcare www.syrahealth.com