Syra Health Corp. · OTC:SYRA
Syra Health — Investor Presentation (June 2024)
32 slides from Syra Health's investor presentation, Jun 13, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION NASDAQ: SYRA June 13, 2024 www.syrahealth.com
Slide 2: Forward-Looking Statements
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,' 'estimate,
Slide 3: Prevention, Accessibility, and Affordability at Our Core
PREVENTION, ACCESSIBILITY, AND HIGH PROFIT MARGIN AFFORDABILITY AT OUR CORE Behavioral and Syra Health is a rapidly growing healthcare technology company that Mental Health provides innovative services and solutions for the multibillion-dollar healthcare market Population Health • Syra Health’s prop
Slide 4: We Empower Key Partners Across the Healthcare Ecosystem
WE EMPOWER KEY PARTNERS ACROSS THE HEALTHCARE ECOSYSTEM Academic Providers Payers Institutions Life Sciences Government Organizations Nasdaq: SYRA 4
Slide 5: $132.4 Billion Behavioral & Mental Health
BEHAVIORAL & MENTAL HEALTH Healthcare Challenge According to NAMI, 20% of adults living in the U.S. experience mental illness annually. Student mental health is also worsening. According to the CDC, 16.39% of youth (ages 12-17) reported suffering from at least one major depressive episode in the pas
Slide 6: Revenue Streams: Subscription Fees, Employer Programs, Telehealth
Revenue Streams: Monthly/Annual Subscription Fees, Tiered Subscription Plans, In-App Purchases, Employer Programs, Health Insurance Partnerships, Telehealth services Nasdaq: SYRA 6
Slide 7: $211 Billion Digital Health
DIGITAL HEALTH Healthcare Challenge A plethora of non-customized digital health products makes it hard to choose the right solution. High costs make it difficult for small to mid-sized providers and health systems to enter the digital health market. MARKET SIZE U.S. Digital Health market size of $21
Slide 8: Conversational AI-powered chatbot companion
Conversational AI-powered chatbot designed as a companion —helping users feel connected, engaged, Culturally competent AI companion and empowered in their healthcare experience. Reduces Increases Improves access Customizable for various support calls by member / user to care and member population at
Slide 9: CarePlus Top Features
CarePlus offers a range of key features designed to improve efficiency and streamline clinical workflows. These include customizable templates, e-prescribing, laboratory integration, and MARKET patient portal access. ONC certified. • Primary Care – • Endocrinology Family Medicine • Infertility • Car
Slide 10: $20.6 Billion Population Health
POPULATION HEALTH Healthcare Challenge Relevant data, services, and analytical insights are sought to support healthcare decision-making and public health policies. MARKET SIZE $20.6 Billion 19.5% U.S. Population expected to Health market size of grow at CAGR of Nasdaq: SYRA 10
Slide 11: Population Health
POPULATION HEALTH Epidemiology Data Hub And Services Our experienced team analyzes emerging trends and Our Data Hub is a sophisticated solution for mining patterns in health using data-driven methods, which relevant public health data with the ability for partners to provide a deeper understanding f
Slide 12: $24.1 Billion Healthcare Workforce
HEALTHCARE WORKFORCE Healthcare Challenge Data from the Health Resources and Services Administration show the healthcare workforce shortage continues. Healthcare organizations seek innovative solutions that train, stabilize, and retain their workforces. MARKET POTENTIAL U.S. Digital Health market si
Slide 13: Healthcare Workforce
HEALTHCARE WORKFORCE Workforce Optimization Comprehensive Support Services Strategies We provide: Syra Health uses agile staffing methodologies, data- • Recruitment Services • Healthcare Workforce Development driven insights, and predictive analytics to identify • Training and Educational Resources
Slide 14: $83 Billion Health Education
HEALTH EDUCATION Healthcare Challenge Additional provider training and patient education are needed to address health disparities and improve outcomes. MARKET POTENTIAL Health Education market size of $83 Billion expected to grow at CAGR of 10% Nasdaq: SYRA 14
Slide 15: Health Education
HEALTH EDUCATION Healthcare Training Patient Education We have a team of subject matter experts who create We offer comprehensive patient education learning for relevant topics such as trauma-informed solutions that help our customers improve care and social determinants of health to increase intrin
Slide 16: Government Solutions
GOVERNMENT SOLUTIONS Syra Health serves as a trusted partner to the government. Whether we are working together at the federal, state, or local level, our specialized services cater specifically to the diverse needs of government healthcare. Our solutions ensure efficient management, cost-effectiven
Slide 17: Delivering Innovative Solutions for Federal Healthcare Programs
DELIVERING INNOVATIVE SOLUTIONS FOR FEDERAL HEALTHCARE PROGRAMS CONTRACTS NAME CONTRACT PERIOD VALUE Sub-contractor with Caduceus Healthcare on HHS Award 2024 - 2034 Ceiling at $75B Sub-contractor with LUKE on DHA Award 2024 - 2034 Ceiling at $43B Nasdaq: SYRA 17
Slide 18: Key Strategies That Will Deliver Outstanding Financial Growth
KEY STRATEGIES THAT WILL DELIVER OUTSTANDING FINANCIAL GROWTH Maximize our strengths in our most Utilize our core strengths to Improve operational efficiencies profitable areas increase the Total Addressable through process optimization, Market of our Federal automation, and technology government bu
Slide 19: Revenue Growth and Diversification
REVENUE GROWTH AND DIVERSIFICATION Q1 2023 Q1 2023 7% Q1 2024 19% Population Health, Digital Health, Population Health, Digital Health, Behavioral and Mental Health, Behavioral and Mental Health, and Health Education and Health Education 93% 81% Healthcare Healthcare Workforce Workforce 47% Revenue
Slide 20: Annual Revenue & Guidance
$9-$11M ANNUAL REVENUE & GUIDANCE $5.6M $5.5M $1.4M 2020 2021 A 2022 A 2023 A 2024 E Began trading on Company Inception Nasdaq: SYRA 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 Class B Common Stock 833,334(1)x 10 Class A shares Total Outstanding Shares 14,102,427 shares Options To purchase 164,750 shares of Class A common stock Warrants To purchase 1,760,350 shares of Class A common stock Cash
Slide 22: IPO
IPO Offering Size 1,615,000 Units(2) Price $4.125 per Unit IPO Net Proceeds $4.7M Management Ownership After IPO 60% (2) 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: Syra Health Executive Leadership
SYRA HEALTH EXECUTIVE LEADERSHIP 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 years of • Priy
Slide 24: Syra Health Board of Directors
SYRA HEALTH BOARD OF DIRECTORS • Since March 2022, Ms. Rogers has served as the Chief Financial Officer of Johns Hopkins All Children’s Sherron Hospital. Rogers • Previously, Ms. Rogers served as the Chief Financial Officer and Chief Strategy Officer of Eskenazi Health. • Since November 2018, Dr. Da
Slide 25: Our History
OUR HISTORY Healthcare Women-Led Technology Company Became publicly Headquartered in traded on the Carmel, CARMEL, Nasdaq on Indiana INDIANA September 29, 2023 Incorporated in 2020 Ticker Symbol: SYRA Active Contracts in 19 States 175 employees Nasdaq: SYRA 25
Slide 26: Thank You!
Thank You ! For More Information 1119 Keystone Way N #201, christined@syrahealth.com 317-385-9227 Contact Carmel, IN 46032 www.syrahealth.com 463-345-8950 Nasdaq: SYRA
Slide 27: Behavioral & Mental Health Contracts
BEHAVIORAL & MENTAL HEALTH CONTRACTS NAME STATE CONTRACT PERIOD Greenville County School District – Special Education Psychologist Services SC 2024–2025 (+5 annual extensions) Department of Human Services MS 2024 E&I Cooperation US 2023–2028 Syrenity Dept. of Child Services (DCS)/Competency Attainme
Slide 28: Digital Health Contracts
DIGITAL HEALTH CONTRACTS NAME STATE CONTRACT PERIOD Centene/MHS – Chatbot IN 2022–2026 (+2 years extension) Nasdaq: SYRA 28
Slide 29: Population Health Contracts
POPULATION HEALTH CONTRACTS NAME STATE CONTRACT PERIOD Health Equity Accelerator Plan ME 2024–2025 Comprehensive Needs Assessment and Community Health Improvement Plan for Middlesex County NJ 2024 2024–2025 Confidential IN Department of Health IN 2024 2024–2025 Shelby County Health Department TN 202
Slide 30: Healthcare Workforce Contracts
HEALTHCARE WORKFORCE CONTRACTS NAME STATE CONTRACT PERIOD Putnam/Northern Westchester Board of Cooperative Education Services – Behavioral NY 2024–2025 (+ 4 years extension) Analysts Little Rock School District – Behavioral Analysts AR 2024–2025 Department of Public Safety – Statewide Nursing Contra
Slide 31: Healthcare Workforce Contracts (Con't)
HEALTHCARE WORKFORCE (Con’t) CONTRACTS NAME STATE CONTRACT PERIOD 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 2023–2025 State of West Vi
Slide 32: Health Education Contracts
HEALTH EDUCATION CONTRACTS NAME STATE CONTRACT PERIOD Health Care Authority – Behavioral Health Training Wash. 2024–2025 Maricopa County – Health Equity Training AZ 2023–2024 Sedgwick County Health Department – Substance Use 2024–2028 Disorder and Overdose Prevention Training KS Nasdaq: SYRA 32