Photocure ASA · OSL:PHO

Photocure ASA — Q2 2005 Earnings Presentation

21 slides from Photocure ASA's earnings presentation, Aug 12, 2005

  1. Slide 1: PhotoCure ASA Presentation of Second Quarter 2005

    PhotoCure ASA Presentation of Second Quarter 2005 12 August 2005

  2. Slide 2: Highlights second quarter 2005

    Highlights second quarter 2005 „ Hexvix® – Launch initiated in Sweden – NDA filed in the US – Negotiations with potential licensees outside the Nordic region „ Metvix® – European sales volumes continue to grow – Launched in Spain and Portugal – Filed for Bowen’s disease in the EU „ R&D – Acne proof-

  3. Slide 3: Hexvix - a breakthrough in bladder cancer diagnostics

    HEXVIX® - a breakthrough in bladder cancer diagnostics

  4. Slide 4: Hexvix - business update

    Hexvix - business update „ Solid scientific platform – Started with data from University of Lausanne in 2000 – App. 800 patients in clinical studies – 3 phase III studies in 50 leading university hospitals in the US and Europe – Long term patent protection (2018/2019) „ Regulatory approvals ahead of

  5. Slide 5: Hexvix - challenges in fighting bladder cancer

    Hexvix - challenges in fighting bladder cancer „ Demographic trends indicate that bladder cancer is a significant and growing health problem – 4th most common cancer in terms of prevalence in men – Smoking is the most common reason – Mean age at diagnosis: 65 – Many female patients not properly diag

  6. Slide 6: Hexvix - large market potential for diagnostics

    Hexvix - large market potential for diagnostics Region Incidence Prevalence Number of cystosciopies (new patients (patients with per year) bladder cancer) Nordic 6,000 23,000 120,000 Europe 118,000 470,000 2,430,000 US & 71,000 280,000 1,450,000 Canada Total 195,000 773,000 4,000,000 App. 20 cystosc

  7. Slide 7: Hexvix - procedure in the operating room

    Hexvix - procedure in the operating room One Preparation of Instillation of Visualisation of bladder Hexvix kit Hexvix solution Hexvix in bladder cancer per patient followed by cystocopy after one hour

  8. Slide 8: Hexvix - key medical benefits

    Hexvix - key medical benefits „ Diagnosis of more patients with CIS „ Diagnosis at earlier stages „ Diagnosis of more papillary lesions (1 of 4 tumors overlooked when not using Hexvix) „ Improves patient management – Improved diagnosis leads to more adequate treatment – Improved quality of life for

  9. Slide 9: Hexvix - detection, treatment and follow-up

    Hexvix - detection, treatment and follow-up Suspicion bladder cancer High suspicion bladder cancer Clinical examinations: White light cystoscopy Symptoms: Cytology + Hematuria Cystoscopy (flexible scopes) Blue light cystoscopy (Blood in urine) + Biopsies TURB Flexible scopes Ridgid scopes General pr

  10. Slide 10: Hexvix - blue light equipment is the key to success

    Hexvix - blue light equipment is the key to success „ Availability of blue light equipment – Key equipment manufacturers; Storz, Wolf, Olympus – Rigid white light sytem app. € 30 000 – Add on cost app. € 7 000 for blue light – Total new cystoscope including tools cost app. € 50 000 „ Average life sp

  11. Slide 11: Metvix - roll out continues

    METVIX® - roll out continues

  12. Slide 12: Metvix - Galderma sales increase 118% in units

    Metvix - Galderma sales increase 118% in units Metvix Sales - Galderma 2003 - 2005 „ Sales increase in units of 118% vs Q2 2004 and increase of 7000 25% vs Q1 2005 6000 „ Launch in Spain and Portugal in 5000 Q2 2003 4000 „ Continuing to file new marketing Units 2004 3000 2005 authorisation applicati

  13. Slide 13: Metvix - Nordic sales increase 21% in units

    Metvix - Nordic sales increase 21 % in units Metvix Sales - Nordic 2003 - 2005 „ Sales increase in units of 21% vs 4000 Q2 2004 3500 3000 „ Working on reimbursement in 2500 2003 Norway and Finland (units) 2000 2004 2005 „ Focus on building volume in 1500 existing centers for AK indication 1000 500 „

  14. Slide 14: Metvix - business update

    Metvix - business update „ Strengthening the position of Metvix in non-melanoma skin cancer by filing for Bowen’s disease in 22 EU countries „ Pre cancerous skin lesions (AK) in the US – Discussing clinical program for Aktilite with FDA „ Skin cancer (BCC) in the US – Discussing BCC clinical program

  15. Slide 15: Financial Statements (Group)

    Financial Statements (Group)

  16. Slide 16: Profit & Loss

    Profit & Loss In accordance with IFRS 2005 2004 2005 2004 2004 31.03 - 30.06 31.03 - 30.06 All figures in NOK 1,000 01.01 - 30.06 01.01 - 30.06 01.01 - 31.12 8 874 9 607 Sales revenues 17 673 19 786 36 855 3 908 3 908 Signing fee and milestone revenues 7 817 7 817 40 954 12 782 13 516 Sales, signing

  17. Slide 17: Balance Sheet

    Balance Sheet In accordance with IFRS 2005 2004 2004 Figures in NOK 1,000 30.06 30.06 31.12 Machinery & equipment 1 906 2 474 2 080 Financial fixed assets - 6 250 - Inventory 13 950 20 251 17 533 Receivables 17 223 15 344 16 146 Securities 84 325 129 000 111 219 Cash & cash equivalents 15 777 15 819

  18. Slide 18: Cash Flow Statement

    Cash Flow Statement In accordance with IFRS Six months ended 2004 30.06.2005 30.06.2004 01.01 - 31.12 Loss before taxes -20 259 -31 608 -45 323 Interest paid -32 -56 -103 Other operational items -17 739 -11 280 -4 822 Net cash flow from operations -38 030 -42 944 -50 248 Cash flow from investments 7

  19. Slide 19: Goals and Milestones

    Goals and Milestones

  20. Slide 20: Strategic and operational goals

    Strategic and operational goals (Presented in February 2005) „ Launch Hexvix program STATUS: – Complete MRP procedure in EU/EEA countries YES – March 2005 – Launch initiated in Nordic countries YES – June 2005 – File NDA in US YES – June 2005 – Secure licencing partner Negotiations ongoing „ Continu

  21. Slide 21: Current business focus

    Current business focus „ Hexvix® – Negotiate and sign licencing agreement – Build strong long-term Nordic market position „ Metvix® – Sales growth in existing markets – Launches in new markets „ Research and development – Acne: complete development plan – Cervix: complete POC study (Q4 2005) – Colon

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