Oneview Healthcare PLC · ASX:ONE
Oneview Healthcare — H1 2021 Earnings Presentation
36 slides from Oneview Healthcare's earnings presentation, Aug 30, 2021
Slide 1: H1 2021 Results
30 August 2021 H1 2021 RESULTS
Slide 2: Legal disclaimer
Legal disclaimer This presentation contains general information about the activities of Oneview Healthcare PLC (ABRN 610 611 768) (Oneview or Company) which is current as at 29 August 2021. It is in summary form and does not purport to be complete. It presents financial information on a statutory ba
Slide 3: Our vision
Our vision To power personalised, exemplary care experiences 3
Slide 4: Agenda
Agenda • H1 2021 in Review 9 • H2 2021 Strategy and Vision 17 • H1 2021 Financial Results and Key Trends 22 • ESG 28 • H2 2021 Outlook 32 4
Slide 5: H1 was transformational
H1 was transformational Transitioned the Care Experience Platform to the Cloud becoming the first company in our space to do so Dramatically improved our security posture across the company with ISO 27001 and ISO 27701 certifications Renewed and expanded with our largest enterprise customer in Austr
Slide 6: The patient's view
The patient’s view Digital tools to empower patients and families to control their experience and participate in care, deliver virtual care at the bedside, and collect feedback to manage patient experience CXP Cloud Start CXP Cloud Enterprise 6
Slide 7: Market Conditions
Market Conditions The global pandemic helped to dramatically accelerate the overall demand for digital health and forced healthcare providers to think differently about new virtual models of care The value proposition for bedside technology has been substantially rerated and care experience platform
Slide 8: Pace of digital transformation in healthcare
Pace of digital transformation in healthcare “Healthcare providers are extremely cost-conscious “In the next 2 years, CEOS expect digitally because they are under constant pressure to improve enabled services to be their organisation’s top priority. In patient care while maintaining profitability. C
Slide 9: H1 2021 In Review
H1 2021 IN REVIEW Oneview>
Slide 10: Improving trends in most key metrics
Improving trends in most 6% YOY growth in key metrics contracted beds (to 11,478) Expanded global footprint – contracted beds up 6% YOY to 11,478 Recurring revenue up 1.3% to €2.6M, reflecting short-term impact to recurring revenue growth as COVID-19 delayed scheduled deployments 13% Security, scala
Slide 11: H1 2021 Financial Highlights
H1 2021 Financial Highlights H121 H120 Variance €m €m (HY21 – HY20) Growth in revenue: Recurring revenue 2.6 2.6 1% Total revenue up by 13% to €3.4m as certain previously delayed installations proceeded, following COVID-19 Total revenue 3.4 3.0 +13% delays. Annualised exiting recurring revenue run r
Slide 12: Operational drivers
Operational drivers Cloud • Extremely positive response to Cloud product launch in March Hardware • Android OEM Hardware strategy finalized - will pay dividends in 2022 • Completed comprehensive testing of new Android hardware Wetek Coax Box • Deployed next generation Android STBs to customer sites
Slide 13: What does this mean for H2
What does this mean for H2 Currently in active conversations to migrate our three largest US customers to Cloud. Two of our largest Australian customers are also adopting "Cloud-first" strategies for 2022. This could see up to 5,500 existing live beds migrating to Cloud in 2022 The delivery of OEM A
Slide 14: Commercial Activity – Key Indicators
Commercial Activity – Key Indicators Hospital Beds in RFI/RFP or Unique Hospitals Visiting Number of Hospital Visits to Pricing Website Website 12,000 300 4000 267 3500 3,396 9,842 10,000 250 3000 8,000 200 2500 158 6,000 150 2000 4,755 1500 4,000 100 1000 595 2,000 50 500 - 0 0 FY 2020 YTD 2021 FY
Slide 15: Key contracts executed
Key contracts executed Northern Health is the major provider of acute, maternity, sub-acute and specialist services in Melbourne’s rapidly growing outer north. The hospital cares for over 94,000 patients and services are provided through four main campuses Children's Hospital & Medical Center is a n
Slide 16: Breaking news ...
Breaking news ... Today we went live in 281 beds at the Omaha Children's Hospital in Omaha, NE. 16
Slide 17: H2 2021 Strategy & Vision
H2 2021 STRATEGY & VISION “The global pandemic has impacted every walk of life. While the impact of COVID-19 was substantial on businesses, some industries fared much better than others in these difficult times. Moreover, research suggests that enterprises are looking at future-forward innovation to
Slide 18: Samsung partnership update
Samsung partnership update • Focus for H1 was enabling resellers to contract Cloud Start • Resellers anticipating more demand for Cloud Enterprise • Market segmentation by product offering • Currently working with Samsung and resellers to extend the GTM model to enable resale of Cloud Enterprise
Slide 19: Microsoft partnership update
Microsoft partnership update • Cloud Enterprise available in the Azure Marketplace • Fully aligned with Microsoft’s co-sell incentive programs • Microsoft Account Executives incentivized to refer leads and help close deals • Makes it easier – and more economical – for Microsoft customers to procu
Slide 20: The smart room vision
Click here to watch our 2 min Inpatient Virtual Care video The smart room vision Step 3 Step 2 Step 1 Augmented Connected Care Care Virtual Care Tech Tablets + TV, camera, microphone, digital + Vision sensor, smart lighting, whiteboard voice assistant, AI Care Existing caregivers + Remote caregivers
Slide 21: Accenture Digital Health Technology Vision
“The Accenture Digital Health Technology Vision surveyed 399 healthcare executives across six countries to learn from their perspectives. • Healthcare executives (81%) say the pace of digital transformation for their organization is accelerating. • Most (93%) report that their organization is innov
Slide 22: H2 2021 Financial Results and Key Trends
H2 2021 Financial Results and Key Trends “Everyone should take comfort from the fact that the most advanced healthcare organizations in the world have announced major cloud initiatives after much deliberation and due diligence.” Source: https://www.entrepreneur.com/article/363124 22
Slide 23: Corporate Overview
Corporate Overview Ticker ASX: ONE Share Price (AUD) $0.365 Current shares on issue (undiluted) 435.3 m Capitalisation $158.9 m Restricted Share Units & Share Options Restricted Share Units 16.7 m Share Options 13.3 m Fully Diluted Shares 465.3 m Values as at 26 August 2021 Ownership Structure 25% 1
Slide 24: HY2021 Income Statement
HY2021 Income Statement VARIANCE % € millions HY21 HY20 (HY21 – HY20) • Total revenue up 13% Recurring revenue 2.60 2.57 1% Non recurring revenue 0.80 0.45 79% • Recurring revenue increase of 1%. Growth constrained by Total revenue 3.40 3.01 13% lack of access to hospital sites Cost of sales (1.39)
Slide 25: HY2021 Balance Sheet
HY2021 Balance Sheet as at as at € millions 30-Jun-21 31-Dec-20 • Cash balance of €5.0m Assets Cash and cash equivalents 5.01 6.80 • A$1 million (€645k) investment from strategic Trade and other receivables 3.91 3.96 investors Property, plant and equipment 1.46 1.65 Intangible assets 1.08 1.03 Other
Slide 26: HY2021 Cash Flow
HY2021 Cash Flow € millions HY21 HY20 • Net cash of €5.0m at 30 June 2021 Cash flows from operating activities Receipts from customers 4.80 2.98 • Customer receipts up 61% YoY Payments to suppliers & staff (6.69) (8.08) Finance charges paid (0.06) (0.01) • Total operating cash outflow of €2.0m, dow
Slide 27: Regis Healthcare update ..
Regis Healthcare update .. Following comprehensive legal advice, the Company has launched a legal claim in the Supreme Court of Victoria, Commercial Court against aged care operator Regis Aged Care Pty Ltd (a wholly owned subsidiary of Regis Healthcare Limited) for breach of the Collaboration Agreem
Slide 28: ESG
28 ESG Oneview>
Slide 29: Why is Oneview committed to ESG?
Why is Oneview committed to ESG? Sustainable practices can: Attract more customers, lower Lead to greater social Lead to government energy consumption and credibility, attract talent, support, subsidies, reduce operational costs boost employee morale and overcoming increasing build stronger communit
Slide 30: Oneview's Purpose Statement
Oneview’s Purpose Statement Unifying the care experience For healthcare systems who lead on exemplary care, Oneview Healthcare provides digital tools for patients, families and caregivers to improve the care experience. Unifying a facility’s systems, content and services into one digital platform wi
Slide 31: Q2 Progress Dashboard
31 Q2 Progress Dashboard Oneview Healthcare ONE LEGEND ESG Quarterly Progress Dashboard - Q2 Cy cons sos co GO05.A AUNT pooea 8 moss meson PLOs.A sos = seats veson PEOoA PROSPERITY prota PROLB proc PRoZA PRODA Setting purpose Governance body composition Material issues impacting stakeholders ‘Anti-c
Slide 32: H2 2021 Outlook
H2 2021 Outlook • FY revenue guidance on track • Key drivers: – GTM Strategy building momentum – Microsoft’s Azure Marketplace – Virtual models of care now a priority for healthcare systems – Material expansion opportunities with existing customers enabled by delivery of new Android hardware • Key r
Slide 33: Conclusion
Conclusion Under the direction of our technology leadership we have dramatically transformed the Company during the “Covid year” when customers pulled back from purchasing, and now have a Cloud based product line, a dramatically enhanced security posture and a lower cost structure. We have put the f
Slide 34: Questions?
Questions?
Slide 35: Sources
Sources Slide 8 Slide 17 https://www.businesswire.com/news/home/ https://www.hcltech.com/blogs/holding-hands- 20210728005449/en/2021-Thematic- cloud-reimagining-healthcare-global-crisis Research-into-Cloud-Computing-in- Healthcare---Featuring-Amazon-Microsoft- and-Google-Among-Others--- ResearchAndM
Slide 36: Oneview – Unifying the care experience
Oneview> Unifying the care experience.