American Shared Hospital Services · AMEX:AMS
American Shared Hospital Services — Investor Presentation (September 2018)
16 slides from American Shared Hospital Services's investor presentation, September 2018
Slide 1: Making the Best Healthcare Technology Accessible
Making the Best Healthcare Technology Accessible September 2018
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT + This presentation may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operations and future plans of American Shared Hospital Services (including statements regarding the expected continued growth in volume of the ME
Slide 3: Management Team
MANAGEMENT TEAM Years of Healthcare MANAGEMENT TEAM Experience Ernest A. Bates, M.D. 30+ Chairman and CEO Craig K. Tagawa 30+ COO and CFO Ernest R. Bates 10+ V.P. of Sales and Business Development Alexis Wallace 10+ Controller American Shared Hospital Services 3
Slide 4: Corporate Overview
CORPORATE OVERVIEW + Pioneer in single room Proton Therapy services + Supplier of Gamma Knife services since 1991 + Long-standing alliances with premier cancer centers NYSE American: AMS O/S Shares: 5.7M Share Price (9/18/18): $3.10 Revenue (1H18): $10.5M, +6.2% YoY Market Cap: $17.7M Net Income: $6
Slide 5: Selected Customer List
SELECTED CUSTOMER LIST + UC San Francisco Medical Center + Tufts Medical Center: Boston, MA + Methodist Hospital: San Antonio, TX + University of Arkansas for Medical Sciences: Little Rock, + Johns Hopkins Medical Center: Baltimore, MD AR + Yale New Haven Ambulatory Service: New Haven, + Merit Healt
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS + Operating profitability in 19 of last 20 years American Shared Hospital Services 6
Slide 7: Value Proposition
VALUE PROPOSITION + Structured as a (alternative) leasing company + Innovative financing features not available from traditional finance companies + Long Term Agreements Typically 10 years + Revenue Sharing or Fee Per Use ASHS’ RESPONSIBILITIES HOSPITAL’S RESPONSIBILITIES + Acquire equipment + Site
Slide 8: Company Strengths
COMPANY STRENGTHS + Identify healthcare technology investment opportunities with long term growth potential + Risk/benefit assessment + Early entry provides higher margin potential American Shared Hospital Services 8
Slide 9: Proton Radiation Therapy
PROTON RADIATION + NOT A NEW technology THERAPY + Clinically Advantageous + Commercial & • Protons deposit dose at tumor, Profitable: Single versus x-rays passing through the room proton beam tumor radiation therapy • Minimize damage to surrounding center tissue + Partner: The + Indications Treated
Slide 10: Bragg Peak Phenomena: 15 MV Photons vs SOBP Protons
ASHS - BRAGG PEAK PHENOMENA 15 MV PHOTONS vs SOBP PROTONS 1 American Shared Hospital Services 0
Slide 11: Photon vs. Proton Pediatric Medulloblastoma
ASHS - PHOTON VS. PROTON PEDIATRIC MEDULLOBLASTOMA % Dose Photon Beam Delivery Recommended 100 50 Proton Beam Delivery 10 1 American Shared Hospital Services 1
Slide 12: Large PBRT Opportunity
LARGE PBRT OPPORTUNITY + Currently only 27 PBRT centers in U.S. 1 American Shared Hospital Services 2 Particle Therapy Co-Operative Group. Retrieved from http://www.ptcog.ch/
Slide 13: United States PBRT Market Analysis
ASHS - UNITED STATES PBRT MARKET ANALYSIS PBRT CAPTURE RATE 15% 2 30% 3 Number of radiation therapy patients 1,011,00 1,011,00 annually in the U.S.1 0 0 Percent of radiation therapy patients 15% 30% eligible for PBRT Number of potential PBRT patients 151,650 303,300 in the U.S. Potential PBRT room m
Slide 14: Proton Therapy Market Analysis
PROTON THERAPY MARKET ANALYSIS + Current Medicare Reimbursement: approximately $1,053 per fraction (daily session). A course of treatment runs 25-30 fractions + Established centers typically treat 20-40 patients per day, per treatment room 1 American Shared Hospital Services 4
Slide 15: Proton Therapy Financial Analysis
PROTON THERAPY FINANCIAL ANALYSIS + For ASHS, each treatment room offers potential for substantial incremental Revenue and EBITDA 1 American Shared Hospital Services 5
Slide 16: Contact Details
2 Embarcadero Center, Suite 410 San Francisco, CA 94111 (415) 788-5300 www.ashs.com NYSE American: AMS
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