Slide 1: 2012 Annual General Meeting
For personal use only USCOM 2012 Annual General Meeting Rob Phillips Executive Chairman and CEO Sydney, Australia 7th NOVEMBER 2012 www.uscom.com.au The Measure of Life
Slide 2: Agenda
Agenda For personal use only •Review of operations •Consideration of the Financial Accounts •Resolutions • 1. Election of Directors • 2. Remuneration report • 3. Resolutions •General Discussion www.uscom.com.au The Measure of Life
Slide 3: Chairman's Report
Chairman’s For personal use only Report “The foundations are in place, and we are poised for growth.” www.uscom.com.au The Measure of Life
Slide 4: Doing what we said we'd do!
Doing what we said we’d do! For personal use only “In 2012 we intend to restore sustainable operations, preserve sales, stabilise capital and establish a commercialisation strategy” 2011 AGM www.uscom.com.au The Measure of Life
Slide 5: Sales Recovering, Costs Cut
Sales Recovering, Costs Cut For personal use only FY 2012 Annual Revenue Cash Consumption 1800 4000 1600 3500 1400 3000 1200 2500 1000 $k $k 2000 800 1500 600 1000 400 200 500 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2005 2006 2007 2008 2009 2010 2011 2012 www.uscom.com.au The Measure o
Slide 6: Cash Restored
Cash Restored For personal use only Quarterly 4C results Cash on hand 3000 2500 2000 $k 1500 1000 500 0 Costs down, Sales steady, Cash up www.uscom.com.au The Measure of Life
Slide 7: Successful PP Capital Raising
Successful PP Capital Raising For personal use only $1.23m raised at 12c 20% discount at 15c price New and established investors www.uscom.com.au The Measure of Life
Slide 8: Rebuilding Value
Rebuilding Value For personal use only www.uscom.com.au The Measure of Life
Slide 9: Investment opportunity
Investment opportunity For personal use only Capitalised value of USCOM and competitors Capitalised Value 80 70 60 • Equivalent price 50 of competitors 40 75.1 64 $1.20 • Current price 30 $0.165 40.8 20 26.4 10 9.9 0 Pulsion Deltex LiDCO Uscom www.uscom.com.au The Measure of Life
Slide 10: Outstanding Science 2012
Outstanding Science 2012 For personal use only 1. USCOM included in UK NHS guidelines (UK) 2. USCOM new gold standard cardiac monitor – 6 to 8 times as accurate as catheter based PAC (Melbourne) 3. USCOM better than invasive catheters for managing sepsis (Germany) 4. USCOM to calibrate ventilator mo
Slide 11: Commercialisation strategy
Commercialisation strategy For personal use only Pharmaceuticals Ultrasound CO module Crit Care CO Monitoring module Home care Ventilation CO module Hypertension, HF and sleep monitoring Pacemaker optimisation unit - ElectroCOM www.uscom.com.au The Measure of Life Mobile Monitoring module
Slide 12: Commercialisation strategy
Commercialisation strategy For personal use only Potential annual market 25 25 $million • Partnership with instant take up of technology • 4 new markets 12 • 20% Penetration 10 • No Upgrades 6 6 • USCOM gross $84m pa • Cap val = 12xPE = $1,008m • 100m shares @ $18 USCOM 1A USCOM new monitors ultraso
Slide 13: Uscom – Product platform
Uscom – Product platform For personal use only Small, Telemetric, Continuous, Portable, USCOM App www.uscom.com.au The Measure of Life
Slide 14: IP - Adding value
IP - Adding value For personal use only USCOM has significant value in patent protected IP 22 granted patents 5 pending applications 2 registered trade marks Uscom Patent Report – 18th Oct 2012 Building a product pipeline…. www.uscom.com.au The Measure of Life
Slide 15: Why are we here?
Why are we here? For personal use only “There are no words to describe how we felt“ Abbie's mother Charlotte Pattison www.uscom.com.au The Measure of Life
Slide 16: For personal use only
For personal use only Courtesy of Dr. He, www.uscom.com.au The Measure of Life Guangdong General Hospital, NICU
Slide 17: For personal use only
For personal use only Courtesy of Dr. He, NICU www.uscom.com.au The Measure of Life Guangdong General Hospital, NICU
Slide 18: Indonesian Paediatric Intensive Care Society
For personal use only Indonesian Paediatric Intensive Care Society Prof Antonius Pudjiadi www.uscom.com.au The Measure of Life
Slide 19: For personal use only
For personal use only www.uscom.com.au The Measure of Life
Slide 20: Why we are here!
Why we are here! For personal use only “This machine is saving lives. There are no two ways about it!” Professor Brendan Smith www.uscom.com.au The Measure of Life
Slide 21: Sepsis
Sepsis For personal use only Mean Mortality % 2006-2012 30 25 20 Australia NSW 15 % Australian Rural NSW Rural 10 Bathurst USCOM 5 0 2006 2007 2008 2009 2010 2011 2012 Mortality reduced 60.7% to 4.4% (-93%) Renal failure reduced 52.7% to 2.6% (-95%) Emergency transports reduced 24.6 to 3.2% (-87%).
Slide 22: 2013
2013 For personal use only - Continue sound management - Leverage the outstanding science of USCOM into global practice - Develop new USCOM devices to meet the clinical needs of multiple markets - Expand global commercial opportunities www.uscom.com.au The Measure of Life
Slide 23: Opportunity
Opportunity For personal use only “Uscom may just be the next big Australian medical device success story. The foundations are in place, and we are poised for growth.” www.uscom.com.au The Measure of Life
Slide 24: Accounts and Resolutions
Accounts and Resolutions For personal use only Information relating to the Financial Accounts and Resolutions were included in the Notice of Meeting, dated 5th October 2012 Financial Accounts discussion and adoption Resolution 1 – Election of Christian Bernecker Resolution 2 – Election of Sheena Jac
Slide 25: Adoption of Financial Accounts
Adoption of Financial Accounts For personal use only Financial Accounts discussion and adoption “Financial Statements and Reports To receive and consider the reports of the directors and of the auditors, the income statement, balance sheet and cash flow statement for the year ended 30 June 2012.” QU
Slide 26: Resolutions
Resolutions For personal use only ALLOCATION OF PROXIES: The Chairman intends to vote in favour of all resolutions and abstain from res 3 and 8. For Against Open Total Shares (%) Hold(%) Shares (%) Hold(%) Shares (%) Hold(%) Shares Hold 1. Elect Christian Bernecker 9,717,972 22(59.46) 1,630,564(9. 4
Slide 27: Election of Christian Bernecker
Resolution 1 For personal use only Election of Christian Bernecker To consider and, if thought fit, to pass the following ordinary resolution of the Company: "That Mr Christian Bernecker, a Director having been appointed since the last AGM, retires in accordance with Rule 6.2(c) of the Company’s Con
Slide 28: Election of Sheena Jack
Resolution 2 For personal use only Election of Sheena Jack To consider and, if thought fit, to pass the following ordinary resolution of the Company: "That Ms Sheena Jack, a Director having been appointed since the last AGM, retires in accordance with Rule 6.2(c) of the Company’s Constitution and, b
Slide 29: Remuneration Report
Resolution 3 For personal use only Remuneration Report To consider and, if thought fit, to pass the following non-binding resolution of the Company: ‘That the Remuneration Report be adopted’. www.uscom.com.au The Measure of Life
Slide 30: Ratification of Private Placement of Shares
Resolution 4 For personal use only Ratification of Private Placement of Shares To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4, and for all other purposes, the issue of 2 million shares at an issue price of
Slide 31: Approval of Private Placement of Shares
Resolution 5 For personal use only Approval of Private Placement of Shares To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.1, and for all other purposes, the issue of 2,884,997 fully paid ordinary shares at a
Slide 32: Approval of Issue of Shares to Sheena Jack
Resolution 6 For personal use only Approval of Issue of Shares to Sheena Jack To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, the issue of 350,000 fully paid ordinary shares at
Slide 33: Additional Share Issue Capacity under Listing Rule 7.1A
Resolution 7 For personal use only Additional Share Issue Capacity under Listing Rule 7.1A To consider and, if thought fit, to pass the following resolution as a special resolution: "That, pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the i
Slide 34: Approval of Issue of Options to Rob Phillips
Resolution 8 For personal use only Approval of Issue of Options to Rob Phillips To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.11, and for all other purposes, the issue of 3,000,000 options to Mr Rob Phillip
Slide 35: 2012 Annual General Meeting
For personal use only USCOM 2012 Annual General Meeting Rob Phillips Executive Chairman and CEO Sydney, Australia 7th NOVEMBER 2012 www.uscom.com.au The Measure of Life