Butterfly Network, Inc. · NYSE:BFLY
Butterfly Network — J.P. Morgan 41st Annual Healthcare Conference 2023
19 slides from Butterfly Network's conference presentation, Jan 12, 2023
Slide 1: J.P. Morgan 41st Annual Healthcare Conference Presentation
J.P. Morgan 41st Annual Healthcare Conference Presentation January 12th, 2023
Slide 2: Legal Statements
Legal Statements Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Butterfly Network, Inc.’s (the “Company”) actual results may differ from its e
Slide 3: Agenda
Agenda Who We Are Mission & Vision The problem we are solving The Butterfly Solution Competition Why Butterfly Financial Progress The Butterfly Investment Case
Slide 4: Who We Are
Who We Are Butterfly is the most versatile, affordable, and intuitive imaging solution on the market Founded in 2011 Ultrasound-on-Chip TM Most Versatile Offices in Burlington (HQ), Platform Global reach With >20 Presets on a single, New York, Palo Alto, Taiwan 800+ Patents issued and 100+ countries
Slide 5: Our Mission. Our Vision.
Our Mission. To democratize healthcare by making medical imaging accessible to everyone. Our Vision. That all people, everywhere, get the right care, driven by the right clinical decisions at the right time.
Slide 6: The problem we are solving
The problem we are solving Many clinical decisions are made with incomplete information. Butterfly is here to change that. 2/3 80% 50% World’s population lack access Of diagnostic Of diagnosis and management to medical imaging.1 dilemmas can be solved with changed with imaging at initial simple imag
Slide 7: The Butterfly Solution
The Butterfly Solution Butterfly completes the information gap with powerful insights, delivered in an intuitive and easy way… To a complete solution Our comprehensive solution unlocks the true potential of ultrasound information once and for all. From innovation Ultrasound-on-Chip Our Ultrasound-on
Slide 8: Butterfly does what traditional Point-Of-Care Ultrasound (POCUS) cannot do
Butterfly does what traditional Point-Of-Care Ultrasound (POCUS) cannot do… Butterfly offers a holistic solution that outperforms in technology, workflow, & customer experience Legacy Cart-Based Traditional Butterfly Network Incumbents Point-of-Care Low-end: $5-30k Mid-range: $45-60k ~$15-30K+ for f
Slide 9: Easy. Everywhere. Economical.
Butterfly goes where POCUS cannot go… By making Butterfly easy, and demonstrating its economic value, we will go where competitors cannot… Health Systems International Expansion Home Adjacent Value Streams Path to Home Easy. Everywhere. Economical. International / Geographic Expansion Butterfly’s ac
Slide 10: Butterfly's Product Portfolio is evolving to fit the needs of all of our customers
Butterfly’s Product Portfolio is evolving to fit the needs of all of our customers A fit-to-purpose product portfolio will drive clinical practice improvements and widespread adoption… Ultrasound Experts All Clinicians Patient & Caregiver Clinicians trained on Clinicians without No ultrasound knowle
Slide 11: Only Butterfly has the technology platform for rapid portfolio development
Only Butterfly has the technology platform for rapid portfolio development… Ultrasound Experts All Clinicians Patients and Caregivers B lines detected Today: 2023 Phase I: 12-24 months Phase II: 24-36 months Software Infrastructure Ultrasound-on-chip Fully Integrated CMOS Versatile ● Device ● Whole
Slide 12: Butterfly is disrupting and expanding the traditional TAM
Butterfly is disrupting and expanding the traditional TAM By making Butterfly easy, and proving its economic value, we will go where traditional POCUS can’t and become as ubiquitous as the stethoscope… Phase II: BFLY as ubiquitous as the Stethoscope ~$100BN*** TAM Value ($) Phase I: BFLY as Advanced
Slide 13: Why Butterfly: Health Systems & Medical Education
Health Systems & Medical Education Why Butterfly Health Systems are adopting Butterfly’s enterprise software solution to deploy our portfolio of products at historic scale The Butterfly Enterprise Solution Butterfly BlueprintTM provides a system-wide ultrasound platform integrated seamlessly into cl
Slide 14: Why Butterfly: International Expansion
International Expansion Why Butterfly Butterfly is solving the information gap at scale in developed and developing countries The Butterfly Global Health Solution Our team now has the end-to-end (HW, SW, Education and AI) capabilities and solution to train thousands of practitioners anywhere A.I Rem
Slide 15: Why Butterfly: Home
Home Why Butterfly Butterfly will deliver powerful clinical information from the home to patients and practitioners alike We see the home as the final frontier for Butterfly to deliver powerful clinical insights for millions of patients suffering from chronic conditions… Key Applications for patient
Slide 16: Why Butterfly: Adjacent Value Streams
Adjacent Value Streams Why Butterfly Butterfly is solving the information gap in Veterinary Medicine and becoming part of the standard physical exam… The Butterfly Veterinary Opportunity Butterfly is transforming Veterinary Medicine by empowering Veterinarians with clinical insights and information
Slide 17: Financial Progress & Continued Growth
Financial Progress & Continued Growth BFLY has grown exponentially since it launched and 2022 has seen notable achievements 2022 Accomplishments • Reiterate 2022 guidance of $73-$76 million and Adjusted EBITDA loss of $155 - $145 million • Implemented plan to extend cash runway to 2025 • $5 million
Slide 18: The Butterfly Investment Case
The Butterfly Investment Case Butterfly is transforming healthcare and will create significant value for patients, practitioners and shareholders… Butterfly Butterfly Building Value • Technologically unique • Groundbreaking innovation in Ultrasound-on-ChipTM platform • Butterfly solves the informati
Slide 19: Thank you.
nly Thank you.
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