Syra Health Corp. · OTC:SYRA
Syra Health — Investor Presentation (May 2024)
27 slides from Syra Health's investor presentation, May 17, 2024
Slide 1: Investor Presentation
Improving Healthcare INVESTOR PRESENTATION NASDAQ: SYRA May 17, 2024 www.syrahealth.com
Slide 2: Forward-Looking Statements
Nasdaq: SYRA FORWARD-LOOKING STATEMENTS Statements in this presentation about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'could
Slide 3: Syra Health
Nasdaq: SYRA SYRA HEALTH Syra Health is a healthcare technology company that provides innovative services and technology solutions to address some of healthcare’s biggest challenges. Our solutions are centered on prevention, improved access, and affordable care. We specialize in high-margin revenue
Slide 4: Our Business Units
Nasdaq: SYRA OUR BUSINESS UNITS Behavioral and Mental Health Providers Government Digital Health CUSTOMER–CENTRIC Population Health SOLUTIONS Healthcare Workforce Health Education Payers Life Sciences Organizations Federal Government Solutions Academic Institutions 4
Slide 5: Behavioral & Mental Health
Nasdaq: SYRA BEHAVIORAL & MENTAL HEALTH MARKET POTENTIAL Syrenity is an evidence-based platform focused on By 2027 U.S. Behavioral Health the prevention of mental and behavioral health concerns $132.4 market size of Billion Syrenity provides an AI-backed diary for continual According to the National
Slide 6: Digital Health
Nasdaq: SYRA DIGITAL HEALTH MARKET POTENTIAL U.S. Digital Health market size of A conversational, AI-backed chatbot solution that offers real- time customer support any time. SyraBot is available in up $211B to 200 languages and at a fifth-grade reading level, expected to grow at CAGR of making it f
Slide 7: Population Health
Nasdaq: SYRA POPULATION HEALTH MARKET POTENTIAL U.S. Population Health market size of EPIDEMIOLOGY $20.6B Our experienced team offers epidemiological services to state and local agencies to improve public health. We analyze emerging trends and patterns in health using data-driven methods, providing
Slide 8: Healthcare Workforce
HEALTHCARE WORKFORCE Nasdaq: SYRA MARKET POTENTIAL U.S. Healthcare Workforce market size of We evaluate the workforce needs of our customers and use agile implementation staffing methodologies to make it as seamless and cost-efficient as possible to expand our customer’s clinical personnel. $24.1B e
Slide 9: Federal Government Solutions
FEDERAL GOVERNMENT SOLUTIONS Nasdaq: SYRA MARKET POTENTIAL Syra Health’s business began working with the government at the state Estimated size of federal government and local levels. As the Company has grown, Syra Health continues to contracts serve as a trusted partner to government and its agenci
Slide 10: Health Education
Nasdaq: SYRA HEALTH EDUCATION MARKET POTENTIAL Health Education market size of HEALTHCARE TRAINING $83B To decrease health disparities and improve patient outcomes and satisfaction, we have a team of subject matter experts that create training for healthcare providers whether they are in private pra
Slide 11: Behavioral & Mental Health Contracts
BEHAVIORAL & MENTAL HEALTH Nasdaq: Nasdaq: SYRA SYRA CONTRACTS NAME STATE CONTRACT PERIOD VALUE Department of Human Services MS FY 2024 E&I Cooperation US 2023–2028 Syrenity Dept. of Child Services (DCS)/Competency Attainment 2022–2024 IN ~$100K per year Services (+6 years extension possible) Camden
Slide 12: Digital Health Contracts
DIGITAL HEALTH Nasdaq: Nasdaq: SYRA SYRA CONTRACTS NAME STATE CONTRACT PERIOD VALUE 2022–2026 Centene/MHS – Chatbot IN $2.2M (+2 years extension) 12
Slide 13: Population Health Contracts
POPULATION HEALTH CONTRACTS Nasdaq: SYRA Nasdaq: SYRA NAME STATE CONTRACT PERIOD VALUE Health Equity Accelerator Plan ME 2024–2025 Comprehensive Needs Assessment and Community Health NJ 2024 Improvement Plan for Middlesex County 2024–2025 Confidential IN $660K Department of Health IN FY 2024 $480K 2
Slide 14: Healthcare Workforce Contracts
HEALTHCARE WORKFORCE CONTRACTS Nasdaq: SYRA NAME STATE CONTRACT PERIOD VALUE State of Missouri MO 2024 –2025 Douglas County, Nebraska NE 2024–2025 Department of Behavioral Health/BHA/CPEP DC 2023 (+5 years extension) Up to$4.75M Department of Behavioral Health/BHA DC 2023 (+5 years extension) Up to
Slide 15: Healthcare Workforce Contracts (Con't)
HEALTHCARE WORKFORCE (Con’t) CONTRACTS Nasdaq: SYRA NAME STATE CONTRACT PERIOD VALUE Fairfax County VA 2024 –2025 Ohio Veterans Home OH 2023 (+3 years extension) Dept of Administration – Statewide KS 2023–2028 (+6 years extension) Osawatomie State Hospital KS 2023–2028 Dept of Corrections VA 2023–20
Slide 16: Federal Government Solutions Contracts
FEDERAL GOVERNMENT SOLUTIONS Nasdaq: Nasdaq: SYRA SYRA CONTRACTS NAME STATE CONTRACT PERIOD VALUE Sub-contractor with Caduceus Healthcare on HHS Award US 2024 - 2034 Ceiling at $75B Sub-contractor with LUKE on DHA Ceiling at $43B Award US 2024 - 2034 16
Slide 17: Health Education Contracts
HEALTH EDUCATION Nasdaq: Nasdaq: SYRA SYRA CONTRACTS NAME STATE CONTRACT PERIOD VALUE Recurring Maricopa County AZ 2023-2024 trainings Substance Use Disorder and Overdose 2024–2028 Prevention Training KS 17
Slide 18: Quarterly Revenue Distribution
Nasdaq: SYRA QUARTERLY REVENUE DISTRIBUTION Q1 2023 Q1 2024 7% 19% Healthcare Workforce Population Health, Behavioral and Healthcare Workforce Population Health, Digital Health, Mental Health, and Health Education Behavioral and Mental Health, and Health Education 18
Slide 19: Annual Revenue Distribution
Nasdaq: SYRA ANNUAL REVENUE DISTRIBUTION 2022 2023 6% 23% Healthcare Workforce Population Health, Behavioral and Healthcare Workforce Population Health, Behavioral and Mental Health, Health Education Mental Health, Digital Health, and Health Education 19
Slide 20: Annual Revenue & Guidance
Nasdaq: SYRA ANNUAL REVENUE & GUIDANCE $9 - $11 M 12 10 8 $5.6 M $5.5 M 23% 6 71% 4 2 0 2022 A 2023 A 2024 E 20
Slide 21: Capitalization Table as of March 31, 2024
Capitalization Table as of March 31, 2024 Class A Common Stock 5,769,087 shares 833,334(1) Class B Common Stock x 10 Class A shares Total Outstanding Shares 14,102,427 shares To purchase 164,750 Options shares of Class A common stock To purchase 1,760,350 shares Warrants of Class A common stock Cash
Slide 22: IPO
IPO Offering Size 1,615,000 Units(3) Price $4.125 per Unit IPO Net Proceeds $4.7M Management Ownership After IPO 60% (3) Each Unit consists of one share of Class A common stock and one warrant to purchase one share of Class A common stock at an exercise price of $6.50 per share, exercisable until th
Slide 23: Investment Summary
INVESTMENT SUMMARY Nasdaq: SYRA Syra Health secures a $450,000 contract with the Shelby Secured a one-year contract with a national healthcare County Health Department in Tennessee to Bolster the organization worth $660,000 to provide Healthcare County's Population Health Initiatives. Two additional
Slide 24: Syra Health Executive Leadership
SYRA HEALTH EXECUTIVE LEADERSHIP Nasdaq: SYRA Deepika Vuppalanchi, PhD Sandeep Allam, MS Priya Prasad, MBA Chief Executive Officer & President & Executive Board Chief Operating Officer & Chief Board Director Chairman Financial Officer • Deepika has more than 10 years of • Sandeep has more than 20 ye
Slide 25: Syra Health Board of Directors
Nasdaq: SYRA SYRA HEALTH BOARD OF DIRECTORS • Since March 2022, Ms. Rogers has served as the Chief Financial Officer of Johns Hopkins All Children’s Hospital. • Previously, Ms. Rogers served as the Chief Financial Officer and Chief Strategy Officer of Eskenazi Health. Sherron Rogers • Since November
Slide 26: Our History
Nasdaq: SYRA OUR HISTORY Healthcare Technology Company Headquartered in Carmel, Indiana CARMEL, INDIANA Incorporated in 2020 Active Contracts in 19 States Women-Led Became publicly traded on the Nasdaq on September 29, 2023 Ticker Symbol: SYRA 175 employees 26
Slide 27: Thank You
Nasdaq: SYRA THANK YOU christined@syrahealth.com 317-385-9227 Improving Healthcare www.syrahealth.com