Oneview Healthcare PLC · ASX:ONE
Oneview Healthcare — Investor Presentation (November 2020)
47 slides from Oneview Healthcare's investor presentation, Nov 18, 2020
Slide 1: Capital Raising Investor Presentation
For personal use only Capital Raising Investor Presentation 1 8 TH N O VE M BE R 2 0 2 0 ASX:ONE O N E VI E W H E A L T H C A R E P L C | A B R N 6 1 0 6 1 1 7 6 8 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
Slide 2: Important Notice
Important Notice This presentation is dated 18th November 2020 and has been prepared by Oneview Healthcare PLC (the Company or Oneview) (Presentation). By accessing or attending this Presentation, you acknowledge that you have For personal use only read and understood the terms set out in this 'Impo
Slide 3: Important Notice
Important Notice For personal use only Financial Information All financial information in this Presentation are in Euros unless otherwise specified. All references starting with FY refer to the financial period ended 31 December. Investors should note that this Presentation has been prepared in acco
Slide 4: Important Notice
Important Notice For personal use only Disclaimer Bell Potter Securities Limited (lead manager) is acting as the sole and exclusive lead manager and bookrunner to the Offer. To the maximum extent permitted by law, the Company and the lead manager and their respective related bodies corporate and aff
Slide 5: Investment highlights
Investment highlights For personal use only 1. Recurring revenue growth: subscription software model with multi-year contracts and strong annual recurring revenue growth, live beds up 30% YoY1 2. Cloud transformational: Move to full SaaS platform is expected to shorten sales/implementation cycles an
Slide 6: Background
Background For personal use only • Founded in 2008 and listed in 2016, Oneview Healthcare (ONE) is a technology company digitizing the point of care to improve the care experience • Now singularly focused on healthcare with our Care Experience Platform • Track record of success with leading hospital
Slide 7: H1 2020 highlights
H1 2020 highlights For personal use only 30% ⬈ 21% ⬈ 40-50% 30% ⬊ YoY growth in live YoY growth in Revenue growth YoY decrease in beds to 9,068 beds recurring revenue expected 2020 H1 operating expenses to 2020 H21 expected 2020 vs 2019 70% ⬈ 58 ⬈ 49% ⬈ 3 Gross profit margin Hospitals live or of One
Slide 8: Market opportunity
Market opportunity For personal use only Significant opportunity in target markets, with global demand creating market entry potential. Market penetration estimated at around 20%1 in the US market EUROPE 4.1m ASIA beds 970k Nil ONE beds2 6,6933 9.4m ONE beds 1,306 NORTH AMERICA 85k ONE beds 3,589 1
Slide 9: Our business model
Our business model For personal use only Subscription software with multi-year contracts and strong “stickiness” means high customer lifetime value • Recurring revenue from software usage with 80% gross margin • OEM purpose-built hardware solutions developed over last 12 months expected to deliver g
Slide 10: COVID-19
COVID-19 For personal use only COVID-19 has demonstrated the need for new virtual models of care highlighting the importance of bedside technology and Oneview’s value proposition CUSTOMER NEEDS RESPONDING ACCELERATING Needed reliable video at the Formed a cross-functional team Demonstrated the power
Slide 11: What problems are we solving?
What problems are we solving? For personal use only Patients expect more… Clinicians are stretched… Executives need to do more with less… • Patients bring consumer • Clinicians are stretched, and burn- • Healthcare systems are under expectations to their healthcare out and attrition are expensive fi
Slide 12: The solution
The solution For personal use only ✓ more control for patients and families ✓ more time for care teams ✓ less complexity for hospital leadership Page 12 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
Slide 13: The patient's view
The patient’s view For personal use only Digital tools to enable patients and families to control their experience and participate in care, deliver virtual care at the bedside, and collect feedback to manage patient experience Personalized for patients Engaging, informing and connecting Page 13 NOT
Slide 14: The care teams' view
The care teams’ view For personal use only Digital tools for care teams to optimize patient flow and manage patient experience Oneview Hospital Self-service operational insight Driving care team workflow Page 14 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
Slide 15: The Oneview digital platform
The Oneview digital platform For personal use only Oneview’s secure, flexible and scalable platform is the digital infrastructure for content, apps and services at the point of care. Our new cloud tiers enable customers to benefit from faster, easier and lower-cost implementation and operation Page
Slide 16: Cloud deployment
Cloud deployment For personal use only Cloud deployment is expected to make it faster, easier and lower-cost to implement and operate Oneview’s Care Experience Platform, providing competitive advantage • We’re accelerating our cloud migration: full SaaS platform planned end Q1 2021 • Expecting TCO r
Slide 17: Purpose-built hardware
Purpose-built hardware For personal use only Our purpose-built Android™ hardware, designed for the hospital and delivered by OEM partners, provides the flexibility for different points of care, customer needs and budgets • Moved from off-the-shelf Windows hardware to purpose-built Android hardware •
Slide 18: Why we're different
Why we’re different For personal use only Enterprise success with leading healthcare systems across four continents • Cloud deployment: customers can benefit from bedside technology in weeks not months • Access to the Android app eco-system, with partnerships to offer end-to- end solutions and servi
Slide 19: Partnering with leading hospitals
Partnering with leading hospitals For personal use only Operational at leading hospitals across the globe, including 3 of the top 20 US hospitals, as rated by US News. From the newest, most technologically advanced hospitals to the oldest, most challenging facilities, we’ve delivered solutions US CU
Slide 20: Proactive management
Proactive management For personal use only Strategic decisions and pro-active cost-management have positioned us for sustainable growth with a highly-focused, experienced team • Refocused on core revenue-generating product Product & • Refreshed leadership in technology driving greater productivity T
Slide 21: Experienced board
Experienced board For personal use only An experienced board of healthcare and finance experts James Fitter Mark McCloskey* Michael Kaminski Joseph Rooney Dr Lyle Berkowitz CEO President & Founder Chairman Non-Exec Director Non-Exec Director James has been CEO of Oneview Mark has over 20 years exper
Slide 22: Outlook
Outlook For personal use only • Full SaaS platform anticipated end Q1 2021 • Hybrid Android STB anticipated availability Q1 2021, enabling support for legacy coax Product & infrastructure partnerships • Caregility partnership enables delivery of end-to-end telehealth solution • Cloudbreak partnershi
Slide 23: Operating metrics
Operating metrics For personal use only 40,000 51 €8.2m Opportunities ARR 35,000 in CRM opportunity1 30,000 16,631 25,000 13,376 • Significant YOY growth in Live Beds - Hardware supply 20,000 chain impacts (now resolved) due to COVID-19 also affected contract conversion and sales opportunities 15,00
Slide 24: Capital raising details
Capital raising details • Equity raising to raise approximately A$8.751m comprising – For personal use only • a non-underwritten placement to raise approximately A$1.75m (Placement) under existing placement capacity; and • if the Placement is successful, a fully underwritten entitlement offer (Entit
Slide 25: Use of funds
Use of funds For personal use only • The funds raised under the Placement and Entitlement Offer will be used to: • Accelerate cloud development - 12-month acceleration of migration to Cloud Enterprise following recent success of Cloud Start to capitalize on market opportunity • Invest in Sales and m
Slide 26: Indicative timeline
Indicative timeline For personal use only Capital Raising Events Dates Trading Halt and announcement of Offer Monday, 16 November 2020 Placement bookbuild Monday, 16 & Tuesday, 17 November 2020 Announcement of results of Offer and existing CDIs resume trading Wednesday, 18 November 2020 Settlement o
Slide 27: Risk Factors
Risk Factors For personal use only This section describes some of the potential key risks associated with Oneview's business and an investment in Oneview. The risks associated with Oneview's business and the general risks set out in the "2019 Annual Report to Shareholders" issued on 31 March 2020 (A
Slide 28: Risk Factors – Key Transaction Risks
Risk Factors – Key Transaction Risks 1.1 – Underwriting risk Oneview has entered into an underwriting agreement under which the Lead Manager has agreed to fully underwrite the Entitlement Offer, subject to the terms and conditions of For personal use only the underwriting agreement between Oneview a
Slide 29: Risk Factors – Key Transaction Risks (UWA risk cont.)
Risk Factors – Key Transaction Risks (UWA risk cont.) • Any of the warranties or representations by Oneview in the agreement are or become untrue or incorrect; • Oneview is in default of any of the terms of the underwriting agreement and that default is not remedied by Oneview within 2 business days
Slide 30: Risk Factors – General Risks
Risk Factors – General Risks For personal use only 2.1 - COVID-19 related risks Oneview is currently monitoring the actual and potential impact of COVID-19 on its business and the broader economy. Given the high degree of uncertainty surrounding the extent and duration of government and regulatory r
Slide 31: Risk Factors – General Risks
Risk Factors – General Risks For personal use only 2.2 - Economic and government risks The future viability of Oneview is also dependent on a number of other factors affecting performance of all industries and not just the technology industry, including, but not limited to, the following: • general
Slide 32: Risk Factors – Strategy Risks
Risk Factors – Strategy Risks 3.1 - Failure to successfully implement its business strategy Oneview derives its revenue from the sale and associated installation of the Oneview solution and relies on its ability to develop new products, features and enhancements to the Oneview For personal use only
Slide 33: Risk Factors – Financial Risks
Risk Factors – Financial Risks For personal use only 4.1 - Funding requirements, including reduced access to funding In the future, Oneview could be required to raise capital through public or private financing or other arrangements. There is no certainty as to the extent to which the Offer will rai
Slide 34: Risk Factors – Operational Risks
Risk Factors – Operational Risks 5.1 - Failure to retain existing customers and attract new business / contracts For personal use only Oneview’s business relies on the ability to retain its existing customers, secure new customers and contracts, and maintain business relationships. There is a risk t
Slide 35: Risk Factors – Operational Risks
Risk Factors – Operational Risks For personal use only 5.7 - Significant unanticipated costs or delays might arise in relation to Oneview’s business Cost estimates are made in advance of undertaking a contract and are dependent upon assumptions, estimates and judgments, which may ultimately prove to
Slide 36: Risk Factors – Operational Risks
Risk Factors – Operational Risks For personal use only 5.12 - Integration risk Oneview depends on the performance and integration capability of the Oneview solution with customers’ existing systems. The functionality and accessibility of the platform is important to customers and any disruption or i
Slide 37: Risk Factors – Regulatory Risks
Risk Factors – Regulatory Risks For personal use only 6.1 - Public healthcare funding and other changes to laws, regulations and policies Oneview’s business plan and strategy has been formulated based on the prevailing healthcare policy from the time of listing until present, in its focus markets (i
Slide 38: Appendix I: Financial Statements
For personal use only Appendix I: Financial Statements Page 38 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES 38
Slide 39: H1 2020 Income Statement
H1 2020 Income Statement • Recurring revenue increase of 21% due to increase in For personal use only live beds in the US, Australia and Thailand • Sales of hardware and services (non-recurring revenue) reduced by 69% due to the impact of the Covid-19 pandemic which restricted our ability to proceed
Slide 40: H1 2020 Balance Sheet
H1 2020 Balance Sheet For personal use only • Cash balance of €5.1m • Only debt is PPP loan in US, which is likely to be forgiven under the "CARES" Act Page 40 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
Slide 41: H1 2020 Cash Flow
H1 2020 Cash Flow For personal use only • Net cash at 30 June 2020 of €5.1m • Total operating cash outflow of €5.1m, down 8% on the pcp. • Tight cost control initiatives implemented in late 2019, combined with restructuring in early 2020, result in significantly reduced operating expenses • Cash bur
Slide 42: Appendix II: Foreign Selling Restrictions
For personal use only Appendix II: Foreign Selling Restrictions Page 42 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES 42
Slide 43: Foreign Selling Restrictions
Foreign Selling Restrictions For personal use only This document does not constitute an offer of new CHESS depositary interests over fully paid ordinary shares (New Securities) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to an
Slide 44: Foreign Selling Restrictions
Foreign Selling Restrictions For personal use only Ireland This document (and any accompanying document) are only addressed to and directed at persons in Ireland who are "qualified investors" for the purposes of, or who otherwise comprise a limited number of persons (not exceeding 149 persons) for t
Slide 45: Foreign Selling Restrictions
Foreign Selling Restrictions For personal use only Singapore This document and any other materials relating to the New Securities have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other docum
Slide 46: Foreign Selling Restrictions
Foreign Selling Restrictions For personal use only United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services
Slide 47: Unifying the care experience.
For personal use only Unifying the care experience. Page 47 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
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