Oneview Healthcare PLC · ASX:ONE
Oneview Healthcare — H1 2019 Earnings Presentation
30 slides from Oneview Healthcare's earnings presentation, Aug 30, 2019
Slide 1: Oneview Healthcare Plc 2019 Half Year Results Presentation
For personal use only Oneview Healthcare Plc 2019 HALF YEAR RESULTS PRESENTATION 30 August 2019
Slide 2: Legal disclaimer
Legal disclaimer For personal use only This presentation contains general information about the activities of Oneview Healthcare PLC (ABRN 610 611 768) (Oneview or Company) which is current as at 30 August 2019. It is in summary form and does not purport to be complete. It presents financial informa
Slide 3: Presenters
For personal use only Presenters James Fitter, CEO John Kelly, CFO 3
Slide 4: Today's discussion
Today’s discussion For personal use only • 1H 2019 Highlights ………………………… Pg. 7 • Healthcare Update …….………………… Pg. 11 • Senior Living Update …………….……..… Pg. 21 • 1H 2019 Financial Results • Income Statement ……………………… Pg. 26 • Balance Sheet ………………………….... Pg. 27 • Cash-Flow ……………………………........ Pg. 28
Slide 5: Our vision
For personal use only Our vision To power personalized, exemplary care experiences. 5
Slide 6: Unifying the care experience
Unifying the care For personal use only experience. Oneview addresses a Oneview helps caregivers Oneview’s secure, flexible person’s unique spend less time on non- platform serves as an open biopsychosocial needs, clinical tasks and more time ecosystem that provides restores a sense of control deliv
Slide 7: H1 Results and Highlights
H1 Results and For personal use only Highlights 7
Slide 8: 1H 2019 results and highlights
1H 2019 results and highlights For personal use only Recurring revenue +48% Operating expenses –19% Record receipts from to €2.12m (A$3.46m) vs to €9.80m vs €12.15m customers – 1H 2019 PCP €1.43m (A$2.31m) receipts of €5.8m +52% over prior corresponding period Total revenue -4% to Live beds +33% to
Slide 9: 2020 outlook
2020 outlook For personal use only Strongest US healthcare First US customer for Senior Operating expenses down pipeline in recent years Living Resident Experience further 10%-15% to ~€16m live in US First enterprise customer Strong sales pipelines for for Senior Living Care Senior Living products i
Slide 10: Rightsizing our cost base
Rightsizing our cost base For personal use only We have made meaningful 2020 will see material progress rightsizing our cost reduction in contract base in the last 2 years. engineering costs following Operating expenses 31% below the delivery of the Senior 2017 peak Living care management product 10
Slide 11: Healthcare Update
11 For personal use only HEALTHCARE UPDATE
Slide 12: Live vs. contracted business
Live vs. contracted business Deployment of currently contracted beds which are not yet live will drive material For personal use only growth (~50%) in recurring revenue Beds Beds 12,000 10,751 10,000 Contracted not yet live, 3,775 8,000 6,976 6,000 4,000 Live, 6,976 2,000 0 Live Contracted (includin
Slide 13: Conversion of contracted business
Conversion of contracted business For personal use only As outlined at the AGM, deployment activity during the half was negatively impacted by certain events beyond our control: Access to beds impacted by Regulatory approvals and Continue to expect vast higher than expected construction delays at tw
Slide 14: Key operating metrics
Key operating metrics Contract negotiations progressing positively albeit more slowly than anticipated. For personal use only 14,047 13,376 IPO Jun-18 Dec-18 Jun-19 10,383 10,710 10,751 9,667 9,454 9,483 6,976 6,258 5,228 5,155 5,508 4,452 3,775 3,292 3,118 1,998 1,896 1,294 Live and installed Contr
Slide 15: Gen deployments in US and Australia
Gen 3 deployments in US and Australia For personal use only Gen 3 Android platform now deployed at NYU Langone, BJC Healthcare, Mater Misericordiae, Randwick Children’s and UCSF Precision Cancer Center. Customer feedback very positive: “Oneview is a game-changer in the “Oneview is a platform where w
Slide 16: Business drivers to break even
Business drivers to break even For personal use only 1. Strong pipeline of large-scale 3. Material expansion opportunities 5. Significant momentum developing opportunities in the US healthcare with existing customers in Senior Living business with tailwind market. Three major US systems from Aged Ca
Slide 17: Patient experience - a new concept for many
Patient experience - a new concept for many For personal use only Source: HIMSS Analytics Technology Snapshot: Patient Engagement Solutions Q3 2018 Patient engagement experience HIMSS Analytics estimates HIMSS Analytics didn’t track adoption is currently less than (based on Prospective Buyer patient
Slide 18: Future Product Roadmap
For personal use only Future Product Roadmap 18
Slide 19: Inpatient product focus
Inpatient product focus Consumerism and consolidation are driving competition in the US market, and For personal use only demand for technology to improve the patient experience, ensure consistency of care and enable operational efficiencies Unify the patient experience Measure & Manage Enhance Conv
Slide 20: Scalability, Optimization, Innovation
For personal use only Scalability Optimization Innovation • New Android Hardware & Coax • Real-Time Patient Sentiment • Voice Assistant Support • Education Enhancements • Open API • HL7 Processing Improvements • Meal Ordering Enhancements • Virtual Care • PaaS Cloud Deployment • Sensors 20
Slide 21: Senior Living Update
For personal use only SENIOR LIVING UPDATE 21
Slide 22: Senior Living comprises products
Senior Living comprises 3 products For personal use only Care Management Solution (CMS) Resident-Centric Solution Circle of Care App • Digital source of truth for all resident • Fully digitized resident care • Community-branded mobile wellness data experience application • Holistic overview of resid
Slide 23: Enabling personalized care
Enabling personalized care For personal use only The Oneview Care Management Our comprehensive suite of features The unique platform architecture System is deployed on Microsoft’s will allow care teams to access real- supports cloud sync capabilities, Azure Cloud and offers Aged Care time resident d
Slide 24: CMS: Right-time right place
CMS: Right-time right place For personal use only Single view for resident Access to information at the Compliance and ease of wellness point of care auditability • Digital source of truth for all • Real time care information • Fully digitized resident care resident wellness data available to allow
Slide 25: 1H 2019 Financial Results
For personal use only 1H 2019 Financial Results 25
Slide 26: Income statement
Income statement • Recurring revenue increase of 48% - total Variance €’m 1H19 1H18 For personal use only revenue decrease of 4%. (1H19 – 1H18) Recurring revenue 2.12 1.43 48% Non recurring revenue 1.44 2.29 -37% • Period end headcount decreases from 153 to Total revenue 3.55 3.71 -4% 127 (-17%) giv
Slide 27: Balance sheet
Balance sheet For personal use only As at As at €’m 30 June 2019 30 June 2018 • Successful equity raise during period. Cash on Assets Cash and cash equivalents 18.08 9.33 hand of €18.08m. Cash is held primarily in EUR, Trade and other receivables 5.29 5.39 USD and AUD proportionate to forecasted Pro
Slide 28: Cash flow
Cash flow For personal use only €’m 1H19 1H18 • Net cash at 30 June 2019 of €18.08m. Net Cash flows from operating activities monthly cash burn at June 2019 is €1.35m, down Receipts from customers 5.81 3.82 from €1.45m in the PCP. Payments to suppliers (4.32) (6.15) Payments to employees (7.00) (8.4
Slide 29: Questions?
29 For personal use only Questions?
Slide 30: Unifying the care experience
For personal use only Unifying the care experience.