Slide 1: Cochlear Limited 2019 Annual General Meeting
For personal use only Cochlear Limited 2019 Annual General Meeting 22 October 2019 Cochlear Limited 2019 Annual General Meeting Rick Holliday-Smith Chairman 1
Slide 2: Board of directors
Board of directors For personal use only From left to right: Donal O’Dwyer, Abbas Hussain, Alison Deans, Andrew Denver, Rick Holliday-Smith (Chair), Dig Howitt (CEO & President), Yasmin Allen, Glen Boreham and Bruce Robinson 3 China manufacturing facility - Chengdu 4 2
Slide 3: Cochlear's mission
For personal use only Cochlear Limited 2019 Annual General Meeting Dig Howitt CEO & President Cochlear’s mission We help people hear and be heard. We empower people to connect with others and live a full life. We transform the way people understand and treat hearing loss. We innovate and bring to ma
Slide 4: Strategic priorities
Strategic priorities For personal use only Retain market leadership Market-leading technology I World-class customer experience Grow the hearing implant market Awareness I Market access I Clinical evidence Deliver consistent revenue and earnings growth Invest to grow I Operational improvement I Stro
Slide 5: Market-leading product portfolio
Market-leading product portfolio For personal use only Cochlear implants (88% of revenue) Cochlear™ Nucleus®Plus Cochlear™ Nucleus® Cochlear™ Nucleus® 7 Cochlear™ Nucleus® Profile™ Plus with Slim Kanso® Sound Sound Processor Smart App Modiolar Electrode (CI632) Processor (CP950) (CP1000) Retain mark
Slide 6: Adults & seniors referral path and quality of life improvements
The goal for the adults & seniors segment is to build a clear and consistent referral path For personal use only Candidate Non-CI professional Goal: Motivated to treat Goal: Understands the hearing loss with the best indications for cochlear available solution implant candidacy and when to refer Ini
Slide 7: Children – Developed and emerging markets
Children – Developed markets For personal use only Cochlear implants have been established as the standard of care for newborns across many developed markets Key priorities: • Deeper penetration in some markets – US, France and Japan • Increased rate of bilateral implantation • Strengthen the treatm
Slide 8: Investing operating cash flows to drive growth
Cochlear is investing operating cash flows to drive growth For personal use only Investment priorities • Building awareness and access requires multi-year investment in Investing sales, marketing and R&D activities to grow • Aim: invest to grow, maintaining the net profit margin Delivering • Optimis
Slide 9: Innovation Focus areas
For personal use only Cochlear Limited 2019 Annual General Meeting Jan Janssen Chief Technology Officer Innovation Focus areas Hearing Outcomes Lifestyle Hearing Indications Connected Care 18 9
Slide 10: Cochlear Nucleus Profile Plus Series
Cochlear Nucleus Profile Plus Series For personal use only Designed for simpler MRI More convenient MRI scans at 1.5 and 3.0 Tesla without the need for magnet removal. No need to apply a bandage and splint for 1.5 and 3 T MRI scan Our dedication to implant reliability Built on Cochlear’s unrivalled
Slide 11: Slim Modiolar (CI532) – Key features
Slim Modiolar (CI532) – Key features For personal use only CLOSE TO THE HEARING NERVE FOR OPTIMAL HEARING PERFORMANCE CONSISTENT AND COMPLETE SCALA TYMPANI PLACEMENT Courtesy Prof. Ramos – Las Palmas / Spain ATRAUMATIC DESIGN TO PROTECT & PRESERVE THE DELICATE INNER EAR SMOOTH AND EASY INSERTION VIA
Slide 12: Nucleus Sound Processor binaural audio streaming
Nucleus 7 Sound Processor: Binaural Audio Streaming – via Phone Clip with Android For personal use only Nucleus® 7 Nucleus® 7 Sound Processor Sound Processor Phone Clip 23 Technology trends moving into clinical care for hearing implants Wireless Technology Cloud Connectivity Sensors Objective – Inte
Slide 13: Remote Check and Osia Clinical Research Device
Remote Check (pilots in UK, Germany, NZ) For personal use only • About Remote Check: • Convenient, at-home testing tool for Nucleus® 7 Sound Processor • Patient completes hearing tests at home using their mobile device • Test results & data logs automatically sent to clinician • Clinician reviews re
Slide 14: Innovation Focus areas
Innovation Focus areas For personal use only Hearing Outcomes Lifestyle Hearing Indications Connected Care 27 Cochlear Limited 2019 Annual General Meeting Rick Holliday-Smith Chairman 14
Slide 15: Resolution 1.1 Financial and other reports
Resolution 1.1 For personal use only Financial and other reports To receive and consider the Company’s Financial report, the Directors’ report and the Auditor’s report in respect of the financial year ended 30 June 2019 and to consider and, if thought fit, to pass the following resolution: 1.1 “THAT
Slide 16: Resolution 2.1 Remuneration Report
Resolution 2.1 For personal use only Remuneration Report To consider and, if thought fit, to pass the following non-binding resolution: 2.1 “THAT the Company’s Remuneration report in respect of the financial year ended 30 June 2019 be adopted.” 31 Resolution 2.1 Remuneration Report Proxies and direc
Slide 17: Resolution 3.1 Re-election of Yasmin Allen
Resolution 3.1 For personal use only Re-election of directors – Yasmin Allen To consider and, if thought fit, to pass the following resolutions as ordinary resolutions: 3.1 “THAT Mrs Yasmin Allen, being a director who is retiring in accordance with the Company’s Constitution and who, being eligible,
Slide 18: Resolution 3.2 Re-election of Donal O'Dwyer
Resolution 3.2 For personal use only Re-election of directors – Donal O’Dwyer To consider and, if thought fit, to pass the following resolutions as ordinary resolutions: 3.2 “THAT Mr Donal O’Dwyer, being a director who is retiring in accordance with the Company’s Constitution and who, being eligible
Slide 19: Resolution 3.3 Re-election of Abbas Hussain
Resolution 3.3 For personal use only Re-election of directors – Abbas Hussain To consider and, if thought fit, to pass the following resolutions as ordinary resolutions: 3.3 “THAT Mr Abbas Hussain, being a director who is retiring in accordance with the Company’s Constitution (this being the first A
Slide 20: Resolution 3.4 Re-election of Rick Holliday-Smith
Resolution 3.4 For personal use only Re-election of directors – Rick Holliday-Smith To consider and, if thought fit, to pass the following resolutions as ordinary resolutions: 3.4 “THAT Mr Rick Holliday-Smith, being a director who is opting to retire early and who, being eligible, offers himself for
Slide 21: Resolution 4.1 Securities granted to the CEO & President
Resolution 4.1 For personal use only Approval of securities to be granted to the CEO & President under the Cochlear Executive Incentive Plan To consider and, if thought fit, to pass the following resolution as an ordinary resolution: 4.1 “(a) the grant to Mr Dig Howitt, the Company’s CEO & President
Slide 22: Notes: Forward looking statements
For personal use only Cochlear Limited 2019 Annual General Meeting 22 October 2019 Notes Forward looking statements Cochlear advises that this document contains forward looking statements which may be subject to significant uncertainties outside of Cochlear’s control. No representation is made as to