Uscom Limited · ASX:UCM
Uscom — Shareholder Meeting (November 2013)
41 slides from Uscom's shareholder meeting presentation, Nov 13, 2013
Slide 1: AGM Presentation 13th November 2013
USCOM (ASX: UCM) For personal use only AGM Presentation 13th NOVEMBER 2013 www.uscom.com.au The Measure of Life
Slide 2: Rob Phillips, Executive Director
For personal use only Rob Phillips Executive Director www.uscom.com.au The Measure of Life
Slide 3: Introduction
Introduction For personal use only Board of Directors: Mr Rob Phillips Ms Sheena Jack Mr Christian Bernecker Company Secretary – Ms Catherine Officer Proxies Received: 22,378,753 shares or approximately 31.5% of the 71,048,986 ordinary shares in Uscom Limited. www.uscom.com.au The Measure of Life
Slide 4: Agenda
Agenda For personal use only •Review of Operations •Plans FY 2014 •Summary •Financial Statements and Reports •Resolutions • 1. Election of Director • 2. Remuneration report • 3. Private Placement Ratification – Pulsecor Acquisition • 4. Private Placement Ratification – Working Capital August • 5. Pr
Slide 5: Director's Report
For personal use only Director’s Report www.uscom.com.au The Measure of Life
Slide 6: 2013 Highlights
2013 Highlights For personal use only • Pulsecor acquisition with revenue • Minimum $6.6m 5yrs China sales deal – underwrites profitability for 5 yrs with current operations • Sales manager appointed – UK based to expand Europe and US sales • Operational consolidation • Foundations for profitability
Slide 7: Why?
Why ? For personal use only “Bringing together noninvasive and accurate central blood flow and central blood pressure measurement has been the “holy grail” of cardiovascular medicine. Uscom has now done this.” Rob Phillips Uscom CEO/Chairman www.uscom.com.au The Measure of Life
Slide 8: Why?
Why ? For personal use only + + Other BP devices + Heart Vessels + Uscom BP+… demonstrates what others cant! www.uscom.com.au The Measure of Life
Slide 9: Why is Important
Why is Important For personal use only cBP is better than brachial BP “central pulse pressure is more strongly related to vascular hypertrophy, extent of atherosclerosis, and cardiovascular events than is brachial blood pressure” Artery Research 2009;3: 125-7 www.uscom.com.au Hypertension 2007;50:19
Slide 10: cBP - A New Standard of Care
Why is Important For personal use only cBP - A New Standard of Care www.uscom.com.au The Measure of Life
Slide 11: Pulsecor Acquisition
Pulsecor Acquisition For personal use only Rationale • Scientific, operational and strategic synergy – 1+1=3 • Great product - with 34 patents and 4 trademarks • FDA, CE and TGA clearance • US re-imbursement • BP market is established and growing ($15 billion+) • Global revenue opportunities • Produ
Slide 12: IP Value – Product Pipelines
IP Value – Product Pipelines For personal use only USCOM BP+ 13 granted patents 34 granted patents 3 pending applications 4 registered trade marks Uscom Patent Report – June 2013 6 registered trade marks Uscom Patent Report – Sept 2013 Building a product pipeline…. www.uscom.com.au The Measure of Li
Slide 13: IP Value
IP Value For personal use only Major Ultrasound method patents Uscom owns; Doppler monitoring of Cardiac Output Doppler monitoring of Oxygen delivery Doppler monitoring of Cardiac Pressure and Flow Strong IP position…. www.uscom.com.au The Measure of Life
Slide 14: Leading Global Science 2013
Leading Global Science 2013 For personal use only 1. USCOM reduces mortality by 90% and cost of care by 45% in adult sepsis over 6 yr Australian practice audit 2. USCOM improved management of sepsis in children in 2 leading studies (UK and Canada) 3. USCOM new method for measuring heart function; Br
Slide 15: BUSH Sepsis Protocol
B U S H BUSH Sepsis Protocol For personal use only Protocol Mean Mortality % 2006-2012 30 25 20 Australia NSW % 15 Australian Rural NSW Rural Bathurst USCOM 10 5 0 2006 2007 2008 2009 2010 2011 2012 Smith BE, Phillips RA, Madigan V, West MJ. Decreased Mortality, Morbidity and Emergency Transport in
Slide 16: BUSH Sepsis Protocol
B U S H BUSH Sepsis Protocol For personal use only Protocol Conclusion: “USCOM management of septic shock …… was associated with ….. a reduction in mortality of 94%, renal failure by 90% and emergency transport costs by 87% in sepsis and septic shock patients in a rural Australian centre between 200
Slide 17: USCOM – Why we are here!
USCOM – Why we are here! For personal use only “This machine is saving lives. There are no two ways about it!” Professor Brendan Smith www.uscom.com.au The Measure of Life
Slide 18: BUSH Adoption in China
BUSH Adoption in China For personal use only The Shandong visual collaboration initiative Real time visual collaboration with Shandong Provincial Hospital and 12 regional www.uscom.com.au The Measure of Life hospitals in the Shandong Province
Slide 19: China Pioneer Pharma
China Pioneer Pharma For personal use only - Shanghai based medical distribution company - Revenue ≈ 1.5b RMB (260m AUD) - 1000 third party partners - 20,000 hospitals - More to come - Minimum $6.6m or $1.33m pa over 5 years for China alone - Targets $8.3m ($1.66m pa) - Uscom cash consumption 2013 -
Slide 20: Global Sales Manager
Global Sales Manager For personal use only - Steve Haken - UK based to service Europe and US - Prior ICU experience - MBA from Imperial College - Widely known and respected - 16yrs prior device experience – GE, Medtronic, Philips, Novartis, Welch Allyn, Pfizer and Drager - USCOM and BP+ responsibili
Slide 21: Operations: Annual Revenue
Operations For personal use only Annual Revenue 1800 1600 1400 1200 1000 $k 800 600 400 200 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FY 2013 www.uscom.com.au The Measure of Life
Slide 22: Operations: Net Loss and Cash Consumption
Operations For personal use only Net Loss after Income Tax Cash Consumption 4000 4000 3500 3500 3000 3000 2500 2500 $k $k 2000 2000 1500 1500 1000 1000 500 500 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2005 2006 2007 2008 2009 2010 2011 2012 2013 FY 2013 www.uscom.com.au The Measure of Life
Slide 23: New Revenue
New Revenue For personal use only BP+ Revenue 300 250 Uscom purchase 200 $k 150 +79% 100 50 +150% ? 0 2011 2012 2013 2014 www.uscom.com.au The Measure of Life
Slide 24: UCM Share price 2013
UCM Share price 2013 For personal use only 25 23 21c 21 19 17 15 +223% 13 11 9 9.1c 7 5 7/2/12 8/2/12 9/2/12 10/2/12 11/2/12 12/2/12 1/2/13 2/2/13 3/2/13 4/2/13 5/2/13 6/2/13 VWAP 15c www.uscom.com.au The Measure of Life
Slide 25: Successful PP Capital Raising
Successful PP Capital Raising For personal use only $1.05m raised at 15 and 20c New and established investors www.uscom.com.au The Measure of Life
Slide 26: 2014 Strategy
2014 Strategy For personal use only - Focus on sales, distribution and revenue - Develop BP+ for global manufacture and sale - Push USCOM to must have status - Continue sound operational management - Pursue strategic opportunities www.uscom.com.au The Measure of Life
Slide 27: Summary and outlook
Summary and outlook For personal use only • Two proven regulatorily approved devices with significant value • An established and stable business team • Focus on global sales, licensing, revenues and strategic partnerships • Profitability underwritten by long term sales agreements • Balance sheet str
Slide 28: Summary
Summary For personal use only “2013 was a great year for Uscom, and 2014 is looking even better. The building blocks have been positioned for profitability and rapid growth” www.uscom.com.au The Measure of Life
Slide 29: Summary
Summary For personal use only www.uscom.com.au The Measure of Life
Slide 30: Rob Phillips, Chairman
For personal use only Rob Phillips Chairman www.uscom.com.au The Measure of Life
Slide 31: Accounts and Resolutions
Accounts and Resolutions For personal use only Information relating to the Financial Accounts and Resolutions were included in the Notice of Meeting, dated 11th October 2013 Financial Accounts discussion and adoption Resolution 1 – Election of Christian Bernecker Resolution 2 – Remuneration Report R
Slide 32: Adoption of Accounts
Adoption of Accounts For personal use only Financial Accounts discussion and adoption “Financial Statements and Reports To receive and consider the reports of the directors and of the auditors, the income statement, balance sheet and cash flow statement for the year ended 30 June 2013.” QUESTIONS? w
Slide 33: Resolutions: Allocation of Proxies
Resolutions For personal use only ALLOCATION OF PROXIES: The Chairman intends to abstain from voting on res 2. For Against Open Total Shares (%) Hold(%) Shares (%) Hold(%) Shares (%) Hold(%) Shares Hold 1. Elect Christian Bernecker 22,265,531 25(67.57) 3,500(0.02) 1(2.7) 109,722 11(29.73) 22,378,753
Slide 34: Resolution – Election of Christian Bernecker
Resolutions For personal use only Resolution 1 – Election of Christian Bernecker To consider and, if thought fit, to pass the following ordinary resolution of the Company: "That Mr Christian Bernecker, a Director having been appointed since the last AGM, retires in accordance with Rule 6.4 of the Co
Slide 35: Resolution – Adoption of the Remuneration Report
Resolutions For personal use only Resolution 2 – Adoption of the Remuneration Report for the Year Ended 30th June 2013 To consider and, if thought fit, to pass the following non-binding resolution of the Company: ‘ That the Remuneration Report for the year ended June 2013 (as set out by the Company’
Slide 36: Resolution – Ratification of Private Placement for Pulsecor Assets
Resolutions For personal use only Resolution 3 – Ratification of Private Placement of Shares for the Acquisition of Pulsecor Assets To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4, and for all other purposes
Slide 37: Resolution – Private Placement for Working Capital (August 2013)
Resolutions For personal use only Resolution 4 – Approval of Private Placement of Shares for Working Capital (August 2013) To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4, and for all other purposes, the iss
Slide 38: Resolution – Private Placement for Working Capital (September 2013)
Resolutions For personal use only Resolution 5 – Approval of Private Placement of Shares for Working Capital (September 2013) To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.14, and for all other purposes, the
Slide 39: Resolution – Issue of Shares to Sheena Jack
Resolutions For personal use only Resolution 6 – Approval of Issue of Shares to Nonexecutive Director Sheena Jack To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, the issue of 16
Slide 40: Resolution – Additional Share Issue Capacity Rule 7.1A
Resolutions For personal use only Resolution 7 – Additional Share Issue Capacity under Listing Rule 7.1A (Special Resolution) To consider and, if thought fit, to pass the following resolution as an ordinary resolution: "That, pursuant to and in accordance with ASX Listing Rule 7.1A and for all other
Slide 41: Questions and Discussion?
Questions and Discussion? For personal use only USCOM 1A www.uscom.com.au The Measure of Life