Slide 1: Annual General Meeting
Slide 2: Rob Phillips, Chairman
Slide 3: Board of Directors
Board of Directors: Mr Rob Phillips Mr Gary Davey Mr Roman Zwolenski Dr Fred Berry Mr Luke Fay Proxies Received: 317,191 shares or ie than 1% of the ordinary: shares in USCOM Limited, =
Slide 4: Meeting Agenda
Meeting Agenda ao e Chairman’s presentation e Chief Executive’s presentation e Resolutions: = Adoption of the Financial Report Re-election of directors Remuneration Report e Questions
Slide 5: What is USCOM?
Slide 6: Non-invasive haemodynamics
« Non-invasive haemodynamics ¢ Portable « Simple to use « Safe and accurate « Left & Right heart ¢ Operated by nurses or paramedics « Cost-efficient - NO consumables ¢ Real alternative to invasive method: PA catheter
Slide 7: New wave of evidence against the PA catheter
« New wave of evidence against the PA catheter.
Slide 8: JAMA articles and editorial, October 2005
° JAMA: 2 articles and editorial, October 2005 - One study terminated: negative outcomes ° Not support routine use of PAC in any group 10t improve outcomes for critically ill “,...could be viewed as justifying ‘pulling pulmonary artery catheter’ from routine use.’
Slide 9: USCOM in Annals of Thoracic Surgery
* USCOM in Annals of Thoracic Surgery, October 2005 ° Presented as accurate alternative to PAC ° Ne “study to be presented tomorrow at ANZICS. - USCOM s 4 times more accurate than PAC * MOMENTUM FOR OUR CASE AGAINST PAC
Slide 10: Chairman's Report
Slide 11: Important progress
IMPORTANT PROGRESS IN: SCIENCE __ TECHNOLOGY — MARKETING _ FOCUS: CUSTOMER SALES _
Slide 12: Units sold: revenue up 25%
- 30 UNITS SOLD: REVENUE UP 25% - STAFF INCREASED FROM 147023 __ - 7 NEW SALES STAFF IN Aust, Europe & U.S. - 24 INTERNATIONAL MED. CONFERENCES _
Slide 13: Launch of US operations, first sale
- LAUNCH OF U.S. OPERATIONS - FIRST SALE - U.S. MANAGEMENT TEAM IN PLACE _ »EUROPEAN EXECUTIVE APPOINTED “GREAT PROGRESS INSCIENCE & TECH. __
Slide 14: Revenue, costs and loss
“REVENUE FROM SALES: —_ $480,107 » TOTAL REVENUE: $1,269,086 - TOTAL COSTS: $3,815,004 - LOSS: $2,545,918
Slide 15: Cash from customers and cash in hand
“CASH FROMCUSTOMERS: — $606,548 “NET DECREASE INCASH: $2,779,716 * CASH IN HAND AT JUNE 30: $10,545,218 28
Slide 16: =
=
Slide 17: USCOM is meeting its milestones
* USCOM is meeting its milestones. - A great product with a long sales cycle. « Time to convert: A challenge & frustration. * Committed to delivering 100+ unit sales. * Adequate cash & other resources. | * USCOM an important role in medical practice. ;
Slide 18: Gary Davey, Chief Executive
Slide 19: Chief Executive's Report
Slide 20: Customer base is changing
CUSTOMER BASE IS CHANGING: - ¢ SHIFTING FROM DISTRIBUTORS TO END-USERS . S ¢ MARGINS IMPROVING * EARLY RELIANCE ON ASIA SHIFTING TO EQUAL SHARE BETWEEN
Slide 21: Sales by region: USA, Other, Australia
USA OTHER AUSTRALIA Ce a
Slide 22: Milestones in 2005
Slide 23: Milestones in 2005 - USA
Milestones in 200 ¢ U.S. FDA approval * U.S. Partners in ER, Paediatrics & Anaesthetics | * U.S. Management team (Bary Zakar & Julie Sloniger) * First U.S. sale: July 2005 (Direct Sale, Orlando, Florida)
Slide 24: Milestones in 2005 - Science & Technology
®& - Science & Technology. stones in z 200 « 7 new studies presented — 24 exhibitions * 3 published in peer-reviewed journals _
Slide 25: Milestones in 2005 - Science & Technology
ee: Milestones in 20 O05 - Science & Technology * 3 major technology advancements
Slide 26: Milestones in 2005 - Science & Technology
}5 - Science & Technology * 3 major technology advancements
Slide 27: Milestones in 2005 - Australia
Milestones im 2005 - Australia « Direct Sales organisation for Australia = | «5 new sales executives recruited, covering | Sydney, Brisbane, Melbourne & Adelaide « Promising early results * Rural Health model: Broken Hill case 2 study USCOM paid for in 18! month’
Slide 28: Milestones in 2005 - Australia: Dr Brendan Smith
§ - Australia Milestones in 200 “The biggest single advantage is — that you can do it completely — non- invasively.” | Dr Brendan Smith Area Clinical Director of Anaesthetics and Critical Care, Far West Area Health : Service, Broken Hill, New South Wales
Slide 29: Milestones in 2005 - Australia: Dr Brendan Smith
Milestones in 2005 - Australia “It ts harmless to a patient and so’ easy to use, you can use it over and over again.” Dr Brendan Smith | Area Clinical Director of Anaesthetics and Critical Care, Far West Area Health : Service, Broken Hill, New South Wales
Slide 30: Milestones in 2005 - Australia: Dr Brendan Smith
O% - Australia “Not only has it made the treatment much more rational and much easier and quicker to do.. nae: Dr Brendan Smith _© Area Clinical Director of Anaesthetics and Critical Care, Far West Area Health : _~ Service, Broken Hill, New South Wales
Slide 31: Milestones in 2005 - Australia: Dr Brendan Smith
Milestones in 2005 - Australia ....dt has actually completely chansat diagnosis in some cases.” a Dr Brendan Smith | Area Clinical Director of Anaesthetics and Critical Care, Far West Area Health : Service, Broken Hill, New South Wales
Slide 32: Milestones in 2005 - Australia: Dr Brendan Smith
O% - Australia “This machine is saving lives. There are no two ways about it.” Dr Brendan Smith Area Clinical Director of Anaesthetics and Critical Care, Far West Area Health : Service, Broken Hill, New South Wales
Slide 33: Milestones in 2005 - Europe
Milestones in 2005 - Europe ee: « UK-based manager appointed * Distribution network expanded: Netherlands & Israel * Great Ormond Street Hospital collaboration ¢ Hannover University Med School collaboration | -
Slide 34: Milestones in 2005 - Asia
Milestones in 2005 - ASIA * Regulatory approval for Japan & Korea + Awaiting approval for Taiwan * 17 units sold in Asia region for FY ‘05 ¢ North China distributor appointed — 5 orders. cerns
Slide 35: Outlook for FY '06
Slide 36: Unit sales 100+
UNIT. SALES 100+
Slide 37: 100+ unit sales by region
CHINA EUROPE MID EAST U.S. AUSTRALIA TOTAL: 1 Bo - - © & Oo 7 OO+ SALES
Slide 38: Cash at beginning and end of quarter
Cash at beginning of quarter ae $10,545,218 Net increase (decrease) in cash held ($1,364,082). Cash at end of quarter ~~ $9,181,136. + $410,000 either one-time only or annual costs. : ¢ $200,000 relating to U.S. launch — = —
Slide 39: Slide 39
Slide 40: Rob Phillips, Chairman
Slide 41: Allocation of Proxies
ALLOCATION OF PROXIES: Allocated to Chairman: 118,011 votes for Resolutions 1,2:.& 3.126, O11 voles for. Resolution 4. The Chairman intends to vote in favour ofall resolutions. FOR AGAINST. ABSTAIN. ‘1: Adoption of Financial Report 1991800 2: Election of Mr R. Zwolenski 197,910 1,270 O 3. Election o
Slide 42: Questions
Slide 43: Slide 43