Uphealth, Inc. · OTC:UPHL
Uphealth — SPAC Merger (November 2020)
48 slides from Uphealth's SPAC merger presentation, Nov 23, 2020
Slide 1: UpHealth Investor Presentation November 2020
UpHealth Investor Presentation November 2020 Exhibit 99.2
Slide 2: Disclaimer
Disclaimer This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination among UpHealth Holdings, Inc. (“UpHealth”), Cloudbreak Health, LLC (“Cloud
Slide 3: Disclaimer (continued)
Disclaimer (continued) Important Information And Where To Find It In connection with the Proposed Business Combination, GigCapital2 intends to file a registration statement on Form S-4, including a proxy statement/prospectus (the “Registration Statement”), with the Securities and Exchange Commission
Slide 4: Overview of GigCapital2
Overview of GigCapital2 Dr. Raluca Dinu CEO, President & BOD Member Dr. Avi Katz Executive Chairman Neil Miotto BOD Member GigCapital2 Leadership Team GigCapital2, Inc. Overview Executive Chairman and Founding Managing Partner of GigCapital Global and all its entities, including GigCapital2 Founder,
Slide 5: Presenters
Presenters Dr. Chirinjeev Kathuria Co-Chairman & Co-Founder Al Gatmaitan, DSc, FACHE Co-Chief Executive Officer Martin Beck Chief Financial Officer Ramesh Balakrishnan Co-Chief Executive Officer Mariya Pylypiv, Ph.D. Vice Chairwoman, Co-Founder & Chief Strategy Officer
Slide 6: Vision
Vision
Slide 7: UpHealth: Reshaping Healthcare Across the Continuum of Care
UpHealth: Reshaping Healthcare Across the Continuum of Care Create a single, integrated provider of best-in-class technologies and services essential to personalized, affordable and effective care Digital Pharmacy Global Telehealth Integrated Care Management Behavioral Health Multifaceted integrated
Slide 8: Powering Healthcare's Digital Transformation
Powering Healthcare’s Digital Transformation Global Telehealth Integrated Care Management Digital Pharmacy Behavioral Health Enabling healthier communities Transforming care delivery Simplified digital front door, connecting evidence-based care, workflows and services
Slide 9: UpHealth at a Glance: A Unified Global Digital Health Platform
US Healthcare Venues Served by Domestic Telehealth 1,800+ UpHealth at a Glance: A Unified Global Digital Health Platform End Markets Served Health Systems / Medical Groups Employer Health Government Ministries Leading secure electronic prescribing provider of compounded and retail medications, deliv
Slide 10: Investment Highlights
Integrated Global Health Platform Addressing Massive Markets and Critical Needs Opportunities to Drive Additional Organic & Synergistic Growth Executive Team with Demonstrated Operational, Financial and Technical Expertise Bookings Provide Exceptional Visibility into Accelerating Topline Growth & Pr
Slide 11: Opportunity
Opportunity
Slide 12: UpHealth Addresses Critical Needs in Healthcare Delivery
UpHealth Addresses Critical Needs in Healthcare Delivery Aging Population 46M adults 65+ in the U.S., expected to grow by 18M within 10 years(1) Rising Chronic Illness Burden In U.S., 81% of hospital admissions, 91% of prescriptions and 76% of physician visits attributable to chronic care(2) Healthc
Slide 13: COVID Accelerated Years of Digital Health Progress in Months
COVID Accelerated 10 Years of Digital Health Progress in 3 Months Immediate COVID-19 impact on health systems Long-term impact of psychic trauma, mental illness, alcohol and substance abuse Interrupted care on chronic conditions Impact of resource restriction on urgent non-COVID conditions and acute
Slide 14: UpHealth at the Nexus of Multiple Global Growth Markets
UpHealth at the Nexus of Multiple Global Growth Markets Sources: 1) Fortune Business Insights; 2) McKinsey & Company; 3) Fierce Healthcare; 4) Centers for Medicare & Medicaid Integrated Care Management Digital Pharmacy Behavioral Health Global Telehealth $500B U.S. Drug Prescription Market(3) $61B G
Slide 15: An Emerging Growth Leader in the Fastest Growing Markets
An Emerging Growth Leader in the Fastest Growing Markets $500B4 10x eRx increase in 1Q205 $61B growing at 25.2% CAGR through 20272 $250B US healthcare spend that could be virtualized in 20203 1 in 5 Americans have behavioral health disorders3 $100B - $140B in incremental behavioral health spend in 2
Slide 16: Guiding an Integrated, Coordinated & Personalized Care Experience
Guiding an Integrated, Coordinated & Personalized Care Experience Integrated & Coordinated Care Teams Siloed, Episodic Care & Specialty Services Cumbersome & Complex Single Encounter Personalized & Guided Care Experience Inaccessible, Inefficient, Poor Experience Frictionless, Engaging & Easy to use
Slide 17: Integration Roadmap Codifies Long-Term Vision, Upside
Integration Roadmap Codifies Long-Term Vision, Upside UpHealth will drive extensive topline growth across the platform through new contracts, expanded capabilities, integrations and cross-sell opportunities Q1 – Q2 2022 Q3 – Q4 2021 Q3 – Q4 2022 Q1 – Q2 2021 Expand digital dispensary and Telehealth
Slide 18: A Digital Front Door Enabling The Continuum of Care
Integrated Care Management Intelligence, Powered by Thrasys Integrated Full Service ePharmacy Capabilities, Powered by MedQuest Provider Augmentation, Powered by Glocal Tele-psychiatry Capabilities, Powered by Transformations Tele-interpretation Services, Powered by Cloudbreak Tele-stroke Services,
Slide 19: Platform
Platform
Slide 20: Delivering Market Leading Solutions Across Four Capabilities
Delivering Market Leading Solutions Across Four Capabilities Digital Pharmacy Global Telehealth Integrated Care Management Behavioral Health Full-service online pharmacy offering retail and compounded medications Global provider of virtual consultations and local care spanning the care continuum Ext
Slide 21: Integrated Care Management Platform
Integrated Care Management Platform Public funding Premiums / membership Clinical network Home and community-based team Patients and families Health Funding Care managers Payments for outcomes, quality, performance Care community Integrated Plan / Provider Networks Model of Care syntranet™ Core Plat
Slide 22: Global Telehealth – Domestic By The Numbers
Global Telehealth – Domestic By The Numbers (in 2020) Monthly Minutes of Usage Encounters per Month Video Endpoints U.S. Based Healthcare Venues Languages Covered 1.5M+ 100,000+ 14,000+ 1,800+ 250+ Surrounds patients with their clinical care team on a single call Any Device | Any Language | Anywhere
Slide 23: Global Telehealth - International
Global Telehealth - International Virtual on-demand clinic for identifying patients and automated TeleCRM Clinical decision support system for differential diagnosis, investigation, treatment protocols, etc. Primary health terminal with remote examination and instant diagnostics Automated medicine d
Slide 24: Digital Pharmacy
Digital Pharmacy Digital Pharmacy At a Glance A full-service retail pharmacy, licensed in all 50 states Delivery of compounded and manufactured prescriptions Operates a 40,000 square foot facility with the ability to expand another 40,000 square feet at the same location eMedplus system certified by
Slide 25: Tech-Enabled Behavioral Health By The Numbers
x Tech-Enabled Behavioral Health By The Numbers (in 2020) Psych MDs 27 Nurse Practitioners 10 Providers 160+ Substance Abuse Segment At a Glance Mental Health Segment At a Glance Rehabilitation and substance abuse services, operating seven entities in Florida. Dramatically expanded use of telehealth
Slide 26: Delivering Value to Patients, Providers & Payors
Patients Award-winning design blending on-site, at-home and telehealth care delivery Delivering access to care across primary, behavioral and pharmacy service lines Payors Enabling the management of healthcare spend for national populations and complex patients Delivering cost-effective care through
Slide 27: Extensive Reach Across Major Health Systems & Payors Globally
Extensive Reach Across Major Health Systems & Payors Globally UpHealth’s digital health services are currently utilized globally across the continuum of care and touch over 1,800 healthcare venues in the US and beyond Academic Specialty Community Payor / Gov’t / Other
Slide 28: A US-Based Business with a Global Footprint
A US-Based Business with a Global Footprint UpHealth’s platform will be comprised of a global network of patients, providers and payors, addressing complex care challenges in developed and developing markets Current Operations / Agreements 4 National Regional International 2 1 2 4 1 2 Behavioral Hea
Slide 29: Financials
Financials
Slide 30: Strong Profitability for Reinvestment in Growth
Strong Profitability for Reinvestment in Growth Profitable business lines enable substantial reinvestment in UpHealth’s growth engines, while platform synergies offer upside beyond the $24M EBITDA forecast for 2021 Notes: The UpHealth financial information presented is unaudited, includes non-GAAP f
Slide 31: Combination of Predictable Growth & Profitability
Combination of Predictable Growth & Profitability Year-over-Year Growth % 69% 78% EBITDA Margin % 12% 12% 20% 74% CAGR 127% CAGR Integrated Care Management Global Telehealth Digital Pharmacy Behavioral Health 2020E Revenue by Business Line 2020E EBITDA by Business Line Notes: The UpHealth financial
Slide 32: 2021 Revenue Bridge
2021 Revenue Bridge By Business Unit By Growth Category Behavioral Health Global Telehealth Integrated Care Management Digital Pharmacy Notes: The UpHealth financial information presented is unaudited, includes non-GAAP financial measures and reflects the pro-forma combination of the individual busi
Slide 33: Visibility Into Near-Term Incremental Revenue Growth
$20M Visibility Into Near-Term Incremental Revenue Growth UpHealth has extensive visibility into accelerating near-term growth, $55M of which is contracted in 2021, representing 69% of the Company’s 2021 projected growth $47M Global Telehealth $8M Integrated Care Management $8M Expansion & New $12M
Slide 34: Team
Team
Slide 35: UpHealth Executive Leadership Team
UpHealth Executive Leadership Team Martin Beck Chief Financial Officer Jeffery Bray Chief of Legislative & Regulatory Affairs Azfar Malik, MD President, Behavioral Health Mariya Pylypiv, Ph.D. Vice Chairwoman, Co-Founder & Chief Strategy Officer Al Gatmaitan, DSc, FACHE Co-Chief Executive Officer &
Slide 36: Executive Leadership Biographies
Ramesh Balakrishnan Co-Chief Executive Officer, UpHealth Dr. Balakrishnan is a serial entrepreneur who has founded and profitably exited several technology companies. Dr. Balakrishnan worked as director of application Products at Measurex Corp., after which Dr. Balakrishnan joined Asyst Technologies
Slide 37: UpHealth Executive Leadership Team (continued)
UpHealth Executive Leadership Team (continued) Syed Sabahat Azim, MD Chief Executive Officer, International Dr. Azim is Chief Executive Officer of UpHealth’s International Operations and leads Glocal Healthcare (division of UpHealth). Dr. Azim served the Indian government in various positions like t
Slide 38: UpHealth Executive Leadership Team (continued)
UpHealth Executive Leadership Team (continued) Azfar Malik, MD, MBA, DFAPA President, Behavioral Health Dr. Malik is a President of Behavioral Health Division of UpHealth. Dr. Malik is Founder, President and CEO of Sunshine Residential Facilities. Dr. Malik is President & CMO center Pointe Behaviora
Slide 39: Organizational Chart
Organizational Chart Syed Sabahat Azim, MD Chief Executive Officer, International Nashina Asaria Chief Product & Marketing Officer Jamey Edwards Chief Operating Officer Bobby Kathuria, MD Acting Chief Medical Officer Martin Beck Chief Financial Officer Jeffery Bray Chief of Legislative & Regulatory
Slide 40: Valuation
Valuation
Slide 41: Financial Benchmarking to Peers
2021E Revenue Growth(3) Financial Benchmarking to Peers 2021E EBITDA Margin(3) Peer Group Mean Notes: Sources: Company filings, Bloomberg estimates as of market close on November 20, 2020 Forecasts based on company estimates in S-4 filings Gray bar denotes pending SPAC transaction The UpHealth finan
Slide 42: Valuation Benchmarking to Peers
Valuation Benchmarking to Peers 2021E Revenue Multiple Peer Group Mean UpHealth discount to peers (64%) (28%) (29%) (22%) (23%) 6% (42%) (66%) (65%) 2% (28%) (1) Notes: Sources: Company filings, Bloomberg estimates and values as of market close on November 20, 2020 Gray bar denotes pending SPAC tran
Slide 43: UpHealth Has Enormous Near-term Potential to Trade Up
UpHealth Has Enormous Near-term Potential to Trade Up Notes: Sources: Company filings, Bloomberg and FactSet estimates and values as of market close on November 20, 2020 EV / Revenue calculated using forward looking revenue (fiscal year ended after IPO and ’21E Revenues) Peer Group Mean Valuations:
Slide 44: Transaction
Transaction
Slide 45: Transaction Summary
Transaction Summary Estimated Transaction Sources & Uses Pro Forma Enterprise Valuation at Close Illustrative Post-Transaction Ownership Breakdown Notes: Projections use UpHealth estimates; assumes no redemptions; The amounts from the various sources of cash may change based on (i) the amount of SPA
Slide 46: Summary
Summary
Slide 47: UpHealth Concluding Thoughts
A Rare Financial Profile with Exceptional Visibility into Future Growth Substantial Opportunity to Drive Untapped Organic and Synergistic Value An Executive Team with Demonstrated Operational, Financial & Technical Expertise An Integrated Global Platform Serving Four Massive Digital Health Markets 1
Slide 48: For More Information
For More Information: GigCapital2 - www.gigcapital2.com UpHealth, Inc. - www.uphealthinc.com For GigCapital2 Information, Contact: Jordan M. Darrow Darrow Associates ir@gigcapital2.com For UpHealth & Cloudbreak Information, Contact: Investor Relations: Constantine Davides - constantine.davides@westw