Lifecare ASA

Investor Presentation • Apr 23, 2025

Transforming diabetes care

Next -generation continuous glucose monitoring

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The information in this presentation has been prepared by Lifecare (the "Company"). This presentation does not constitute a recommendation regarding any securities of the Company. By accepting to attend this presentation and/or receive this information, you agree to be bound by the following limitations and provisions:

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High-growth MedTech opportunity

Next-generation diabetes medtech

Implantable sensors for CGM: small, long-lasting and calibration-free

~ USD 5 billion addressable market

CGMs the fastest growing diabetes tech segment, implantable sensors 15%+ potential market penetration

Capital efficient path to commercialization

Partner-led GTM enabling fast ramp up, limited financing needs for regulatory approvals and production

Near-term value inflection points

Veterinary market commercial launch 2025, CE mark 2026 and human market commercial launch 2027

2nd mover advantage, initial focus on Europe

Eversense FDA approval and commercialization in USA paves the way

Peak revenue potential of USD 1 billion +

Sustainable long-term at high levels assuming 20-30% market share in a growing market

Diabetes – an unresolved, growing global health crisis

Diabetes is a chronic trillion-dollar health care challenge that will continue to rise over the coming years. In 2024, 12% of global health expenditure was spent on diabetes

~600 million people are living with diabetes globally, of which 110 million need glucose monitoring among Type 1 and insulin-dependent Type 2 patients

Diabetes caused 3.4 million deaths in 2024 – 1 death every 6 seconds.

So urce: IDF Atlas, 11th edition 2025 Internatio nal Diabetes Federatio n 4

A tipping point for continuous glucose monitoring: more patients, broader use, bigger impact

2 million

New Type 1 CGM users globally in 2024

First ever

CGM recommendation for Type 2 diabetes in American Diabetes Association 2025 Standards of Care

Historic high

of publications related to continuous glucose monitoring

CGMs have become the de facto standard for diabetes management – the future is "inject and forget"

Pin prick blood glucose

The past The present The future

monitoring Body-worn CGMs Lifecare seamless CGMs – inject and forget

CGMs the fastest growing diabetes tech segment with 12.5% CAGR estimated 2022-2030

Assuming CGM penetration of 90% in North America and 67% in Europe by 2035 for Type 1, and 45% and 35% for Type 2 respectively

Implantables set to be the fastest growing segment within CGM tech going forward

The future of CGM: what sets Sencell apart

* Clinically accepted accuracy

The osmotic advantage

High accuracy and convertibility

Osmotic pressure 100% linked to glucose variations with potential for superior accuracy and consistency

1

Proven and interference-resistant

High stability in real-world use and less affected by external substances (e.g., food, drinks, medications)

Long-wear, frictionless performance

Stable readout over 6+ months, no need for recalibration using finger pricks – frictionless for patients and providers

Translating rapid market growth into Lifecare value

Base case peak revenue: ~ USD 900 million on implantable penetration of 15% and Sencell market share of 25%

Conservative peak revenue: ~ USD 500 million. Optimistic peak revenue: ~ USD 1.2 billion

Revenues sustainable at high levels as the market continues to expand even with increased competition

Pet market offers fast regulatory path and revenue potential

USD 1 billion market opportunity (2 million dogs)

Fast regulatory path to commercial launch Q4 2025

Utilizes existing tech and production capabilities

Positive impact on human market readiness

Peak revenue opportunity of USD 40 million

Potential for USD 10 million + revenue near-term

Focused, capital efficient path to commercialization

Scalable, partner-driven B2B model enabling fast ramp-up

Activities

Lead

Additional financing closely tied to near-term value inflection points and commercialization

Ambitions for 2030: Impact, scale and profitability

\$200m+

Lifecare annual revenue

75k+ Patients treated per annum

35%+ EBITDA margin

~0.5% Total share of CGM target market

A platform built for more

Adding geographies

Targeted markets in MENA, India and Pacific. Reaching 400M people in highdensity regions with unmet needs

Expanding

scope

Focus on lifestyle and prevention. Addressing non-insulin dependent diabetes, pre-diabetes and health optimization

Building a platform

Addressing multiple health conditions with the same core sensor architecture

Experienced and proven team driving Lifecare forward

Executive leadership team

Joacim Holter Chief Executive Officer

Renete Kaarvik Chief Financial Officer

Andreas Pfützner Chief Scientific Officer

Board and advisory team with strong track record

Morten Foros Krohnstad Chair of the Board

Prof. David Klonoff Chair of the Advisory Board

Transforming diabetes care with implantable precision sensors for continuous glucose monitoring

Founded in 2006

HQ in Bergen, Norway

Specialized and experienced team

Partner-driven GTM model with global potential

Preparing for commercial scale-up and production

Listed on Oslo Børs (ticker: LIFE) Next-generation CGM 6-month+, fully implantable, calibrationfree glucose sensor solution

Protected innovation

Unique miniaturized system based on osmotic pressure. Full control over design, production, and IP. Protected until 2038.

Substantial investment to date

More than NOK 300 million invested in CGM product development.

Summary

~ USD 5 billion addressable market

Near-term value inflection points Capital-efficient path to commercialization

Peak revenue potential of USD 1bn+