Slide 1: Annual General Meeting
For personal use only Annual General Meeting N ovem b er 12th 2008,Syd ney,Australia Optimising circulation and saving lives! www.uscom.com.au The Measure of Life
Slide 2: Rob Phillips, Chairman
For personal use only R o b Phillip s Chairman www.uscom.com.au The Measure of Life
Slide 3: Introduction
Introduction For personal use only Board of Directors: Mr Rob Phillips Mr Paul Butler Mr Bruce Rathie Mr Roman Zwolenski Proxies Received: 18,281,415 shares or approximately 48% of the ordinary shares in Uscom Limited. www.uscom.com.au The Measure of Life
Slide 4: Meeting Agenda
Meeting Agenda For personal use only • Chairman’s presentation • Chief Executive’s presentation • Resolutions: Election of directors Remuneration Report Director’s option plan • Questions www.uscom.com.au The Measure of Life
Slide 5: Chairman's Report
For personal use only Chairman’s R ep o rt www.uscom.com.au The Measure of Life
Slide 6: Introduction: 2008 – Year of delivering on long term strategy
Introduction For personal use only 2008 – Year of delivering on long term strategy 2007 AGM objectives and results Consolidate Board and management – small and effective • Sound operations – increased revenue and decreased costs • Develop IP – 2 new US patents (26 applications, 16 granted) • Pursue
Slide 7: Board and management
Board and management For personal use only • Small and efficient Board and Management • Board - Rob Phillips (Clinical Science), Paul Butler (CEO), Bruce Rathie (Legal, banking), Roman Zwolenski (Devices) • Observers – Daniel Fah (CFO), Nick Schicht (Head Australian Operations) • CEO located to US,
Slide 8: Sound Operations
Sound Operations For personal use only Sales Revenue Cash Consumption $959,083 $ -1,848,352 www.uscom.com.au The Measure of Life
Slide 9: IP - Adding value
IP - Adding value For personal use only USCOM has significant value in patent protected IP 26 patent applications 16 granted patents 2 new US patents in 2008 Peter Treloar, Patent Attorney, Uscom 2008 Patent Report Building a product pipeline…. www.uscom.com.au The Measure of Life
Slide 10: Standards of Care
Standards of Care For personal use only 2008 Moved toward clinical standards of care objectives with 14 peer reviewed papers 49 presentations Total to June 30 2008 - 177 Evidence for re-imbursement…. www.uscom.com.au The Measure of Life
Slide 11: Standards of Care: Cedars-Sinai ICU
Standards of Care For personal use only Cedar’s Sinai ICU – Home of the PAC catheter and Drs Swan and Ganz Is there still a place for the Pulmonary Artery Catheter in the ICU Practice? “USCOM may safely replace the PAC in many clinical applications.” Jain S, Vafa A, Margulies DR, Liu W, Wilson MT, A
Slide 12: Standards of Care
Standards of Care For personal use only In excess of 180 units worldwide www.uscom.com.au The Measure of Life
Slide 13: Marketing Partnerships
Marketing Partnerships For personal use only The most effective method for Uscom to rapidly exploit our technology across multiple regions and multiple applications is through the establishment and sustenance of powerful market leading partnerships • CEO is US located • Discussions are on going • We
Slide 14: Investors: Share Price
Investors For personal use only Share Price • Start/finish - $0.36 to $0.18 • Year range - $0.14 to $0.40 • Year vol - 2,522,800 (-18%) • Vol weighted index 08 - $0.27 www.uscom.com.au The Measure of Life
Slide 15: Investors
Investors For personal use only Australian Financial Review 7-10-08 www.uscom.com.au The Measure of Life
Slide 16: 2009 Strategy
2009 Strategy For personal use only • Delivering on long term goals – going about our business • Marketing – Support international market partnerships •Develop new sector partnerships • Sound operations – Consolidate commercial opportunity • Develop IP and new products – Shareholder value • Science
Slide 17: 2008 to 2009
2008 to 2009 For personal use only Poised to “optimise the opportunity of great science, great people, innovative culture and sound operations.” www.uscom.com.au The Measure of Life
Slide 18: Paul Butler, CEO
For personal use only P aul B utler CE O www.uscom.com.au The Measure of Life
Slide 19: Uscom
Uscom For personal use only • Great Product • USCOM 1A’s are in clinical use today • Providing valuable information www.uscom.com.au The Measure of Life
Slide 20: Progress
Progress For personal use only • Increased brand awareness • Providing non-invasive haemodynamic information efficiently, effectively and in real time • Building a solid base • Education and marketing collateral • Developing strategic relationships www.uscom.com.au The Measure of Life
Slide 21: Costs were contained
Costs were contained For personal use only • Ensure the ongoing viability of the company • Core Activity • Continue to promote the USCOM 1A • Maintain all regulatory • Further develop the product • Create awareness of the company www.uscom.com.au The Measure of Life
Slide 22: Results
Results For personal use only Co st R ed uctio ns 2008 3.532 2007 5.225 0 1 2 3 4 5 6 $M Incre ase in P ro d u ct R e v e nu e 2008 959 2007 871 500 550 600 650 700 750 800 850 900 950 1000 $000' www.uscom.com.au The Measure of Life
Slide 23: Markets
Markets For personal use only Gained m om entum Achieved a sim ilar d oub ling revenue from num b er of unit sales to $125K to $215K 2007,how ever A$ revenues w ere d ow n A stro ng year, revenues increased b y 30% even tho ugh w e sell into this m arket in U S$ Results fairly flat w here d ifficult
Slide 24: Uscom Technology
Uscom Technology For personal use only • Presented at major global medical conferences • Education and training tools help overcome barriers to adoption • Highly advanced, High quality and Intuitive www.uscom.com.au The Measure of Life
Slide 25: Outstanding Features
Outstanding Features For personal use only • Innovative marketing strategies • New functionality – now includes real time Oxygen Delivery. OXYCOM www.uscom.com.au The Measure of Life
Slide 26: Achievements
Achievements For personal use only • Raised awareness • Created a solid base • Enabled organisations to recognise the enormous potential….and how they can contribute to the outcome www.uscom.com.au The Measure of Life
Slide 27: Partnership Process
Partnership Process For personal use only • Identify priorities • Internalise information • Build a business case • Test the market • Garner support amongst their peers www.uscom.com.au The Measure of Life
Slide 28: Outlook
Outlook For personal use only • Advanced discussions • Very optimistic • Exciting, differentiating product • Close to the tipping point www.uscom.com.au The Measure of Life
Slide 29: Moving Forward
Moving Forward For personal use only • Further details as we progress • Thank you for ongoing support • Create Value • Position Uscom to take full advantage www.uscom.com.au The Measure of Life
Slide 30: Rob Phillips, Chairman
For personal use only R o b Phillip s Chairman www.uscom.com.au The Measure of Life
Slide 31: Resolutions
Resolutions For personal use only Information relating to Resolutions included in the Notice of Meeting, dated 22nd September 2008 Resolution 1 – Re-election of Bruce Rathie Resolution 2 – Remuneration report Resolution 3 – Options for CEO QUESTIONS? www.uscom.com.au The Measure of Life
Slide 32: Resolutions: Allocation of Proxies
Resolutions For personal use only ALLOCATION OF PROXIES: The Chairman intends to vote in favour of all resolutions. FOR AGAINST OPEN 1. Re-election of Bruce Rathie 17,671,486 169,000 434,218 2. Remuneration report 17,640,117 183,350 434,218 3. Options for CEO 16,817,705 1,021,281 434,218 www.uscom.c
Slide 33: Resolution – Re-election of Bruce Rathie
Resolutions For personal use only Resolution 1 – Re-election of Bruce Rathie To consider and, if thought fit, to pass the following ordinary resolution of the Company: ‘Mr Bruce Rathie retires by rotation in accordance with Rule 6.4 of the Company’s Constitution, and, being eligible, offers himself
Slide 34: Resolution - Remuneration Report
Resolutions For personal use only Resolution 2 - Remuneration Report To consider and, if thought fit, to pass the following ordinary resolution of the Company: ‘That the Remuneration Report be adopted’. www.uscom.com.au The Measure of Life
Slide 35: Resolution – Approval for options to the CEO
Resolutions For personal use only Resolution 3 – Approval for options to the Chief Executive Officer To consider and, if thought fit, to pass the following ordinary resolution: ‘That approval be given to the issue of options to the Chief Executive Officer of the Company.’ www.uscom.com.au The Measur
Slide 36: Questions
Questions For personal use only www.uscom.com.au The Measure of Life
Slide 37: For personal use only
For personal use only www.uscom.com.au The Measure of Life
Slide 38: AGM 2008 Presentations: Chairman's Presentation
AGM 2008 Presentations For personal use only Chairman’s Presentation Slide 1 On behalf of the directors and staff of USCOM I would like to warmly welcome you all to our fifth Annual General Meeting of Uscom Limited. Slide 2 My name is Rob Phillips. I am the Chairman and Director of Clinical Science
Slide 39: Chairman's Presentation notes
Slide 7 I believe we have a tight, skilled and experienced management team well equipped to efficiently manage the Company at this stage in its history. The Board and management of the Company remain unchanged with myself and Paul Butler, the CEO, as Executive Directors, and Bruce Rathie, with legal
Slide 40: Chairman's Presentation notes
products to market. These discussions are on going and we are confident of successful outcomes. Further information will be announced as appropriate. Slide 14 Our share price began the year at $0.36, ranging from a high of $0.40 to a low of $0.15, and finishing the year at $0.18. The annual volume w
Slide 41: Chief Executive's Review of operations
Chief Executive’s Review of operations Thank you Rob. Slide 1 I would like to start by thanking our shareholders for their support throughout the year and for For personal use only their patience. Uscom has a great product which is gaining international acceptance. USCOM 1A’s are in clinical use tod
Slide 42: Chief Executive's Review notes
strong interest. Our organisational capabilities have ensured that we have increased our profile in the medical community. Developed innovative marketing strategies, delivered quality product on time and managed our available capital effectively and responsibly. Slide 8 All of these things have help
Slide 43: Resolutions
Resolutions Slide 1 Thank you Paul. I would now like to move on to the next items on the agenda, including 3 resolutions. For personal use only Slide 2 Information relating to each of the three resolutions was included in the Notice of Meeting dated 22nd September 2008. The first resolution relates