BTC Health Ltd Registered · ASX:BTC

BTC Health Ltd Registered — BTC Health — Shareholder Meeting (November 2010)

18 slides from BTC Health Ltd Registered's shareholder meeting presentation, Nov 17, 2010

  1. Slide 1: 2010 Annual General Meeting

    2010 Annual General Meeting For personal use only 17 November 2010, Sydney 1

  2. Slide 2: Outline

    Outline For personal use only  Year in Review  Current Focus  Portfolio Highlights and Updates  Outlook  Background Information 2

  3. Slide 3: Year in Review – Macro

    Year in Review – Macro For personal use only  Capital markets entered a recovery phase with strong gains from oversold positions  Significant realignment in global currency markets as investors digest sovereign debt levels  Governments in most OECD countries struggling to restore sustainable grow

  4. Slide 4: Year in Review – Macro

    Year in Review – Macro For personal use only  The “China Story” remains the dominant driver for investors searching for investment opportunities  Investor sentiment to resources sector remains strong and is delivering strong and rapid returns  Sentiment towards life-science sector remains muted 4

  5. Slide 5: US Venture Sector

    US Venture Sector For personal use only  Numerous recent surveys highlight dire position of the US venture market  Number of active VC firms fell 47% in 1H2010 compared to previous corresponding period1  61% of start-ups funded during 2000 have gone bust or remain private. Only 2% have gone publi

  6. Slide 6: Year in Review - Operating

    Year in Review - Operating For personal use only  Shareholders recently approved the acquisition of Titan Bioventures Management by the Fund  Fund is now essentially internally managed  Focus is on the orderly sale of assets  No new investments will be made  Board size has been reduced through

  7. Slide 7: Current Focus

    Current Focus For personal use only  As flagged previously, BTC will not be making new investments in the sector  Portfolio investments will be realised in an orderly fashion over the next 24 months  This process has begun and will continue  All mechanisms will be considered including on market

  8. Slide 8: Portfolio companies

    For personal use only Portfolio companies 8

  9. Slide 9: BTC Portfolio (as at Oct 2010)

    BTC Portfolio (as at 31 Oct 2010) For personal use only 31 October 10 Cost Price Board Valuation1 Market Valuation2 Cents per BTC Current Cents per BTC Company ASX Code Cost Price Current Value* Cents per BTC share share Value* share LISTED SECURITIES 1 Neurodiscovery NDL $ 1,500,000 2.01c $ 319,381

  10. Slide 10: Portfolio Highlights and Updates

    Portfolio Highlights and Updates For personal use only  BioComm’s investee Hatchtech successfully raises $6.3m to fund a Phase 2B trial including a clinical trial in the target paediatric market following very positive results from the Phase 2A trial. Relevare (previously CNS BIO) attempting to rai

  11. Slide 11: Portfolio Highlights and Updates

    Portfolio Highlights and Updates For personal use only  NeuroDiscovery concluded the sale of its UK-based contract services business. Change in Board signals focus on new opportunities. Strategic review underway as how best to crystallise value for shareholders.  Pacific Knowledge Systems Revenues

  12. Slide 12: Portfolio Highlights and Updates

    For personal use only Portfolio Highlights and Updates  Sensear Continues to roll out its innovative suite of products to a diverse range of markets around the world with in excess of 100 distributors in place covering many of the world’s leading geographic and industry markets. The product range p

  13. Slide 13: Outlook

    Outlook For personal use only  Capital market sentiment remains muted and IPOs are unlikely  Firmly focused on exiting portfolio holdings in an orderly manner and for fair prices  Capital will be returned to shareholders as and when funds are realised  Costs will be maintained at existing low le

  14. Slide 14: Thank you for your attendance

    For personal use only Thank you for your attendance 14

  15. Slide 15: Background information

    For personal use only Background information 15

  16. Slide 16: Pooled Development Fund Status

    Pooled Development Fund Status For personal use only  BTC has since inception been registered as a PDF  Provides investors certain tax benefits  Imposes several investment restrictions on the fund  Seeking approval to provide Board discretion to de- register as a PDF if in the best interests of

  17. Slide 17: Pooled Development Fund Status

    Pooled Development Fund Status For personal use only  Other issues to consider include:  Existing investments will not be impacted  Certain tax benefits under the PDF Act will no longer be available to the Fund or to shareholders  The Board is seeking discretion in the timing of relinquishing PD

  18. Slide 18: Capital Structure

    Capital Structure For personal use only  Ordinary shares (BTC):  74,554,108  Substantial shareholders :  Select Asset Management: 29.8%  Lazard Asset Management: 9.9%  Top 20 hold 47.3%  3,538 shareholders 18

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