Imexhs Ltd · ASX:IME
Imexhs — Investor Presentation (May 2018)
21 slides from Imexhs's investor presentation, May 17, 2018
Slide 1: Medical Imaging Software Corporate Presentation
- to be acquired by Omni Market Tide Ltd Medical Imaging Software Corporate Presentation 1
Slide 2: Disclaimer
Disclaimer The information contained in this Presentation or subsequently provided to the Recipient of this Presentation, whether orally or in writing by or on behalf of Omni Market Tide Limited or ImExHS or its respective employees, agents or consultants (“Information”) is provided to the Recipient
Slide 3: Company Highlights
Company Highlights • Next generation Radiology and Imaging Software • Expansion into neighbouring LATAM countries with low platform risk go-to-market strategy • Established in 2012 • First collaboration in Australia planned in 2018 • Operations in Colombia, Mexico, Costa Rica, Ecuador and Peru • Add
Slide 4: Overview Revenue – 5 Years
Overview Revenue – 5 Years OVERVIEW – PRO-FORMA $5,000,000 Issue Price $0.025 $4,000,000 Market Capitalisation $22.1m Cash (Pro-forma) $6.15m $3,000,000 $AUD Shares on Issue 885.6m $2,000,000 - Quoted 355.6m $1,000,000 - Escrowed (12 to 24 months) 530m Milestone Options (2 Tranches) 100m $- 2013 201
Slide 5: Terms of Acquisition
Terms of Acquisition Consideration for ImExHS • 520 million ordinary shares • 50 million options o Exercisable at 5c, expiring 30 June 2021 Performance Milestones • 50 million options o Exercisable at 3.75c, expiring 5 years from grant date, vesting subject to ImExHS achieving an EBIT exceeding $5,0
Slide 6: Proposed Board & Key Management
Proposed Board & Key Management DR. GERMAN ARANGO CARLOS PALACIO Howard Digby* Andrew Lilley* CEO, Director Non-Executive Director Chairman Non-Executive Director Professor of Neuro-Radiology Founder and CEO of CrossPoint Company Director Company Director • Entrepreneur with > 10 years Telecommunica
Slide 7: Investment Overview
Investment Overview DE-RISKED High margin contracted future revenues DE-RISKED LEADING Next generation workflow and image management solution for healthcare facilities, built by radiologists, TECHNOLOGY for radiologists Successfully demonstrated market penetration into Mexico, Ecuador, Peru and Cost
Slide 8: Market Overview
Market Overview • Escalating healthcare costs in all markets are driving demand for cost effective solutions GEOGRAPHY MARKET (US$m)1 GROWTH (CAGR)1 • Large percentage of radiology systems in developing LATAM 417 8.1% countries use archaic analogue work flows, creating churn event opportunity to mig
Slide 9: Market Opportunity - Immediate
Market Opportunity - Immediate TOTAL HOSPITALS - PUBLIC VS PRIVATE Immediate Target Market LATAM and Brazil 1,987 1,744 1,504 905 3,707 4,423 3,883 3,508 2,715 864 687 987 768 635 COLUMBIA MEXICO ARGENTINA BRAZIL OTHER LATAM USA AUSTRALIA PRIVATE PUBLIC 9
Slide 10: What We Do
What We Do ImExHS owns software platform HIRUKO Scan Scheduled via HIRUKO Uploaded to HIRUKO Platform Archived on HIRUKO cloud-based platform Manages Billing ] 1) Business Intelligence 2) Statistical Data 4. Referring Physician 5. Billing 1. Physician requests 2. Patient receives 3. Radiologist inte
Slide 11: Supporting Radiologists
Supporting Radiologists Hiruko supporting the efficiency and user experience for Radiologists • Radiologists can o work from anywhere, on any device or browser o customise Hiruko to their own requirements and preferences • The fully integrated nature of Hiruko increases both the speed and efficiency
Slide 12: How We Do It
How We Do It Modular Independent System API Enabled Able to grow and scale as scan Hiruko can run on any Easy to integrate with other volumes increase and as new infrastructure - private or public customer or third party systems diagnostic scanners or radiology cloud and even on the to extend its va
Slide 13: Business Model
Business Model Revenue Target Target Distribution Contracts Geographies Verticals Model LATAM HEALTH CARE FACILITIES DIRECT SALES (Now) — — Private Hospitals Global Growth developing 1. Software as a Service (SaaS) branches in each new country 3-5 year contacts (paid monthly) APAC Public Hospitals (
Slide 14: ImExHS Today – Value Proposition & Competitive Advantage
ImExHS Today – Value Proposition & Competitive Advantage Radiology businesses (hospitals & clinics) prefer the Radiologists love the ImExHS Hiruko platform because ImExHS Hiruko platform because: they can: • Exceeds the capability & usability of competing high • Work from anywhere, using any device
Slide 15: ImExHS Today – Customer & Revenue Base
ImExHS Today – Customer & Revenue Base Solutions are fully developed, validated & proven: • ImExHS has deployed >200 sites in LATAM o 71 Hospitals o 180 Clinics o > 35,000 clinical devices o 190 Customers o 5 Countries • > 4.5 million new radiological studies per annum • Used by over 600 Radiologist
Slide 16: ImExHS Today – Channel Partners
ImExHS Today – Channel Partners MEXICO COSTA RICA 1 DISTRIBUTOR – displaced AGFA 2 DISTRIBUTORS, with 3 additional at contract finalization stage. Distributors are major players in market including CareStream displacement COLOMBIA ImExHS LATAM HEADQUARTERS, 2 DISTRIBUTORS EL SALVADOR 1 DISTRIBUTOR V
Slide 17: New Product Verticals Commercialisation
New Product Verticals Commercialisation § RADIOLOGY TESTING DEVELOPMENT PILOT COMMERCIAL Q4 2018 Web MPR release Q1 2019 Web 3D release RADIOLOGY § ANATOMICAL PATHOLOGY Q4 2017 Secured first commercial customer PATHOLOGY Q2 2018 Full Commercial launch CARDIOLOGY § CARDIOLOGY Pilot testing at Las Ame
Slide 18: ImExHS Tomorrow – New Markets
ImExHS Tomorrow – New Markets 2018 2019 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 LATAM Appoint Brazil Distributor Launch Appoint Other South America Distributor Launch Appoint Other Central America Distributor Launch APAC Appoint Phillipines Distributor Launch Australia Pilot APAC 2 Release APAC 3 Release NORTH AMER
Slide 19: Medical Imaging Corporate Activity
Medical Imaging Corporate Activity January 2018 November 2017 November 2017 May 2017 February 2016 August 2015 UK-private equity Amazon (mkt cap GE Health (mkt cap Permira Healthcare Philips (mkt cap $843bn) partnering $175b) and Partners IBM acquired Truven IBM acquired Merge paid $1.3bn $47bn) and
Slide 20: Public Company Comparables
Public Company Comparables VOLPARA (ASX:VHT) PRO MEDICUS (ASX:PME) ImExHS Breast X-ray imaging, Radiology imaging software, Radiology imaging software, Description transitioning to SaaS based strong 5 year contracted High growth SaaS contracts revenue order book based revenue Market Cap ($m) $105m1
Slide 21: Use of Funds Investment Highlights
Use of Funds Investment Highlights § DE-RISKED Future contracted revenue $12m $6,150,000 § LEADING TECHNOLOGY Next generation workflow and image management Sales & Marketing $3,150,000 solution for Healthcare Facilities, built by radiologists, for radiologists FDA approvals / US soft launch $150,000