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MACH7 TECHNOLOGIES LIMITED Investor Presentation 2023

Oct 8, 2023

65285_rns_2023-10-08_a4b417bd-be08-4011-a7a5-b57a2bc42a89.pdf

Investor Presentation

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ASX Announcement

9 October 2023

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MACH7 INVESTOR DAY PRESENTATION

Mach7 Technologies Limited (“Mach7” or the “Company”) (ASX:M7T), a company specialising in innovative medical imaging software solutions, provides the attached presentation for the Investor Day being held today from 8.30-11am AEDT.

Investors can register for the briefing via the following link: https://mach7t.zoom.us/webinar/register/WN_EYnhMa0gQz2BKf7UMfJ8Yg

A recording of the Investor Day will be available after the event on Mach7’s Investor Relations website (https://www.mach7t.com/about-us/investors).

Released on authority of the Board by: Mike Lampron Managing Director and Chief Executive Officer

For more information, please contact:

Françoise Dixon Head of Investor Relations Mach7 Technologies Limited +61 (0) 412 292 977 [email protected]

About Mach7 Technologies:

Mach7 Technologies (ASX:M7T) is a medical imaging systems provider that develops innovative image management and viewing solutions for healthcare organisations. The core of these offerings is the Mach7 Enterprise Imaging Solution, encompassing Enterprise Data Management, Enterprise Diagnostic Viewing and Diagnostic Workflow applications. Mach7’s Enterprise Data Management solution, consisting of a powerful Vendor Neutral Archive (VNA) and data administration tools, allows for the fast storage, access, retrieval and viewing of images across a healthcare network with connectivity to the Cloud. In July 2020, Mach7 acquired Client Outlook and the eUnity Enterprise Diagnostic Viewing technology to augment Mach7’s Enterprise Data Management and Diagnostic Workflow applications. eUnity is a zero-footprint, FDA-approved, image viewing solution that makes images accessible on any workstation. This offers healthcare professionals consolidated access to all patient images and data, ensuring clinical staff have timely access to the right information to diagnose and treat patients. Uniquely, the company also gives customers independence to deploy its solutions either on a component basis or in a unified comprehensive platform. Mach7 has built a global network of diverse customers that range from expansive Integrated Delivery Networks, National Health Systems, medical research facilities, and large academic medical institutions to regional community hospitals, private radiology practices, and independent provider groups. Visit Mach7t.com.

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Mach7 Technologies Limited (ASX:M7T) ABN: 26 007 817 192 Registered Office: Level 4, 96 – 100 Albert Road, South Melbourne, VIC 3205 T: +61 3 9692 7222

www.mach7t.com

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Mach7 Technologies Investor Day

9 October 2023

Mach7 Technologies ASX: M7T

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Disclaimer “forward looking” statements

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Summary of information: This presentation contains general and background information about Mach7 Technologies Limited (“M7T”) activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise all the information that an investor should consider when making an investment decision. This presentation is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or under any other law. The presentation does not purport to contain all the information that a prospective investor may require in assessing a possible investment in M7T nor does it contain all the information which would be required in a prospectus prepared in accordance with the requirements of the Corporations Act 2001 (Cth). The information provided is in summary form, has not been independently verified, and should not be considered to be comprehensive or complete. It should be read solely in conjunction with the oral briefing provided by M7T and all other documents provided to you by M7T. The information in this presentation remains subject to change without notice. M7T is not responsible for providing updated information and assumes no responsibility to do so.

Not financial product advice: This financial information provided in this presentation is for information purposes only. The information contained in this presentation is of a general nature only and is not a financial product, investment advice or a recommendation to acquire M7T securities and has been prepared without taking into account the objectives, financial situation or needs of any person or entity. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. M7T is not licensed to provide financial product advice in respect of its securities or and other financial products. Cooling off rights do not apply to the acquisition of M7T securities. M7T assumes that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and potential investment and will conduct its own investigation.

Disclaimer: M7T and its related bodies corporate and each of their respective directors, agents, officers, employees and advisors expressly disclaim, to the maximum extent permitted by the law, all abilities (however, caused, including negligence) in respect of, make no representations regarding, and take no responsibility for, any part of this presentation and make no representation or warranty as to the currency, accuracy, reliability or completeness of any information, statements, opinions, conclusions or representations contained in this presentation. In particular, this presentation does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or future performance of M7T.

Future performance: This presentation contains certain forward-looking statements and opinions. The forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forwardlooking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of M7T. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

Risks: An investment in M7T securities is subject to investment and other known and unknown risks, some of which are beyond the control of M7T. You should have regard to the ‘Key Risks’ section of this presentation which outlines some of these risks.

Not an offer: This presentation is not, and should not be considered as, an offer or an invitation to acquire securities in M7T or any other financial products and neither this document nor any of its contents will form the basis of any contract or commitment. This presentation is not a prospectus. Offers of securities in M7T will only be made in places which, or to persons to whom it would be lawful to make such offers. This presentation must not be disclosed to any other party and does not carry any right of publication. Neither this presentation nor any of its contents may be reproduced or used for any other purpose without the prior written consent of M7T.

No distribution in the US: This presentation is not an offer of securities for sale in the United States. Any securities to be issued by M7T have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. No public offer of the securities is being made in the United States and the information contained herein does not constitute an offer of securities for sale in the United States. This presentation is not for distribution directly or indirectly in or into the United States or to US persons.

Monetary values: Unless otherwise stated, all dollar values are in Australian dollars (AUD$). The information in this presentation remains subject to change without notice.

Sophisticated and professional investor: By attending this presentation, you present and warrant that (i) if you are in Australia, you are a person to whom an offer of securities may be made without a disclosure document as defined in the Corporation Act 2001 (Cth) (“Corporation Act”)) on the basis that you are exempt from the disclosure requirements of Part 6D.2 in accordance with Section 708(8) or 708(11) of the Corporations Act; (ii) if you are in the United States, you are a qualified institutional buyer (as defined under Rule 144A Under the U.S. Securities Act; (iii) if you are outside Australia and the United States, you are a person to whom an offer and issue of securities can be made outside Australia without registration, lodgement or approval of a formal disclosure document or other filing in accordance with the laws of that foreign jurisdiction. If you are not such a person, you are not entitled to attend this presentation. Please return this presentation and any copies and do not provide this presentation to any other person.

No distribution: Distribution of this presentation may be restricted by law. Persons who come into possession of this presentation should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable security laws.

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Agenda
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Welcome & Overview

Sales Overview

Mike Lampron, CEO David Madaffri, COO

VNA Demonstration Clinical Demonstration Q&A

Jeff Hastings, Technical Sales Manager Kristi Creasey, Senior Clinical Specialist

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Unless otherwise stated, all dollar values are in Australian dollars (AUD) .

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Welcome & Overview Mike Lampron, CEO

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About Mach7 Technologies (ASX:M7T)
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Mach7 Technologies develops innovative image management and viewing solutions that form the core of an integrated enterprise imaging ecosystem.

We give healthcare organizations the independence and flexibility to deploy our solutions according to their needs, either through individual product components or via a unified, comprehensive end-to-end enterprise imaging platform. In this way, we help our customers to;

  • improve efficiency

  • achieve operational cost savings

  • leverage their existing IT investments

  • improve the experience for patients and medical professionals and

  • support healthier outcomes.

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Mach7 History – Key Milestones
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Mach7 Selected
Mach7 Listed on
Mach7 Mach7 Acquires for Veterans
the Australian
Technologies Client Outlook Health
Stock Exchange
Founded (eUnity) Administration
(ASX)
Contract
2010 2018 2022
2007 2016 2020 2023
Mach7
Recognized as
Mach7 Signs
First Mach7 Best in KLAS Top
Hospital
Pilots; Performer for
Authority of
First eUnity Universal Viewer
Hong Kong
Customer Install and Vendor
(HAHK)
Neutral Archive
(VNA) Segments
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Our AI Position
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AI Market Dynamics:

  • According to Signify Research, the medical imaging AI market was estimated at US$576 million and is forecast to reach almost US$1.75 billion by 2027

  • Major drivers for the use of AI in medical imaging include the increasing number of imaging procedure volumes creating additional workload for radiologists as well as the introduction of new reimbursements for AI adoption in the US.

  • M&A activity has commenced with 9 acquisitions in the last year, including pharmaceutical giant, Bayer, acquiring Blackford Analysis, and ultrasound modality vendors GE Healthcare and Philips acquiring Caption Health and DIA Imaging Analysis respectively.

AI Ready - Data Storage, Management & Orchestration

Deployment, integration, data depth, data management and data orchestration are key requirements for AI enablement

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Mach7 VNA

Mach7 Data Pool

  • Barriers remain for widespread adoption of AI with reimbursement limited across all clinical segments, especially beyond the US; a lack of evidence demonstrating the health economic benefits, including return-on-investment for providers; and the regulatory process to enable commercialisation of algorithms is lengthy and expensive for AI vendors.

Total contracted annual studies archived (new studies only): >30,000,000 Annual study range (smallest to largest customer): 10,000 to 6,500,000

Migrated studies are also stored in VNA (examples of large migrations): 22.6M,16M studies, 300 TB etc.

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Our Customer Composition
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Customer & Product Profile[1]

ClientOutlook Acquisition Impact

  • Acquisition Date: 14 July 2020

  • Acquisition cost: $35M

  • Revenue at Acquisition: $8M

  • Single product – eUnity Diagnostic Viewer

  • Previously a tender partner with Mach7 VNA

  • Previously Mach7 was a reseller of eUnity Viewer

  • Complete product suite – front & back-end post FY20

  • FY23 sales order value predominantly VNA + Viewer or cross-selling of Viewer to existing VNA customers

  • Sales pipeline has grown 4-fold since acquisition

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$25.0
$20.0
$15.0
$10.0
$5.0
$-
Cross Sales Viewer Only VNA + Viewer VNA Only
FY 2020 FY 2021 FY 2022 FY 2023
Sales Orders TCV (A$M)
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FY23 Sales Orders by Number of Customers
Viewer VNA Cross Sales
17 7 7 6
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1. Excludes Professional Services component of sales orders. “Cross Sales” means the customer had one product then bought the other; “VNA + Viewer“ means the customer bought both products together.

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FY23 Highlights
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Record Sales Orders (TCV)[1 ] $40.3M +$7.1M or 21% on PCP[2]

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Record Revenue $30.1M +$3.0M or 11% on PCP

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CARR [3]
$20.6M
+$3.6M or 21% on PCP
$24.8M at July 2023
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ARR [4]
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$17.0M run rate
+$2.6M or 18% on PCP
$17.7M run rate July 2023
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New contracts in high growth market Akumin Nuvodia VHA & DIA in Q1 FY24

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EBITDA (adjusted) [5]
$2.5M
-$1.3M or -34% on PCP
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NPAT
-$1.0M
+$3.1M or 75% on PCP
NPATA [6]
$7.2M
+$2.8M or 61% on PCP
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Strong financial position Cash: $23.4M 30 June 23 $25.9M 3 July 23 no debt

1. TCV – Total Contract Value; 2. PCP – Prior Corresponding Period.; 3. CARR: Contacted Annual Recurring Revenue; 4. ARR: Annual Recurring Revenue; 5. EBITDA adjusted for 9 foreign exchange impacts and non-cash share-based payments; 6. NPATA: (Net Profit After Tax and before Amortisation) is NPAT adjusted for amortisation of acquired intangibles

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Outlook
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Fragmentation Complex Renewal Sales pipeline
opportunities opportunities opportunities opportunities
Fragmented imaging More complex reading Large FY24 renewal Largest and most
market with long-time environments and remote program will provide diverse pipeline of sales
legacy vendors losing workforces becoming the the opportunity to re- opportunities in Mach7
market share. norm. price and extend history.
Dynamics continuing to Enterprise imaging license terms.
skew toward ambulatory strategies require Generating FY24 expectations
from acute care settings. innovation and additional revenue in 20% sales order
Opportunities created for
Mach7’s enterprise
imaging products which
serve both markets.
interoperability to give
hospital networks and
private groups a
simplified image
management and
diagnostic viewing
some cases and
extending contract
life cycles in other
cases.

growth
15-25% revenue
growth
Lower opex growth
than revenue growth
solution from any Cashflow positive in
location. FY24

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Sales Overview David Madaffri, COO

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approved by the Board

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Our Solution – Enterprise Imaging Platform
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Enterprise Data Management

Enterprise Diagnostic Viewing

Workflow Orchestration

Vendor Neutral Archive

eUnity Enterprise Diagnostic Viewer

Communication Workflow Engine

  • ✓ Consolidate ALL Images across the enterprise

  • ✓ Allows customers to take control of their data

  • ✓ Leverage existing I.T. infrastructure

  • ✓ Store in native format or wrap in DICOM

  • ✓ On-premise or via Cloud infrastructure

  • ✓ Zero Footprint HTML -5 Viewer -100% Fidelity

  • ✓ 3D/MIP/MPR/ Mammography /Pet CT

  • ✓ Image enable the EMR

  • ✓ Image enablement for downtime PACS solution

  • ✓ Research and A.I. test platform

  • ✓ Data Normalization through Dicom Tag Morphing ✓ Dicom Routing for complex workflows

  • ✓ Sophisticated A.I. Workflow Optimization

  • ✓ Data Anonymization

  • ✓ Image Lifecycle Management

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Our Solution – Workflow Solutions
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Quality Control

Enterprise Worklists

Viewer Mobility

Extending Radiology Tools to Enterprise

Making Clinicians More Efficient

Improving Clinician Collaboration

  • ✓ Image Quality Control

  • ✓ Patient Data Security

  • ✓ Optimize Billing Capture

  • ✓ Provide Clinicians with Custom Worklists

  • ✓ Streamlines Patient Rounds

  • ✓ Provides visualization of all Patient activity

  • ✓ Allows Bedside Consults with Patients

  • ✓ Seamless Collaboration between Physicians ✓ Images Anywhere, Anytime on Demand

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Mach7 Global Network - Scalability and Flexibility
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More than 165 customers spanning 15 countries Hospitals and healthcare entities around the world deploy Mach7’s solutions and innovative technologies. We have built a global network of diverse customers that range from expansive Integrated Delivery Networks, National Health Systems, medical research facilities, and large academic medical institutions, to regional community hospitals, children’s health centers and independent provider groups.

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Customers and Partners
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Partnerships focused on Meaningful Value to Support Patient Care Augmenting and expanding Mach7’s Enterprise Imaging Solution through innovative and collaborative partnerships designed to provide elevated value to healthcare providers around the globe.

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Our Solution – Flexible Worklist Utilisation
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Custom

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Our Product Rankings
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Best in KLAS 2023: Universal Viewer Segment

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2
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Placed #2 overall for second year in a row

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1
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Held the #1 spot for most of CY 2022

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1
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Currently in #1 rank in live data in KLAS*

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96%
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Notable performance: 96% “yes” response to “Would you buy again.”

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Mach7 VNA (Vendor Neutral Archive)

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Ranked alongside large legacy PACS vendors by KLAS including GE, Agfa and Philips.

V12 of the Mach7 VNA being rolled out at customer sites; expected to drive scores up over the coming year.

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v12
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CIO, on functionality and upgrades: “Mach7 Technologies is really configurable. It allows us to do things that other VNAs haven’t been able to do. We interact with other vendors’ VNAs at other locations, and those VNAs don’t have any of the same flexibility that we have in Mach7 Technologies’ system. We couldn’t do what we do without Mach7 Technologies’ system.” Provided to KLAS Research January 2023

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  • on 4 Aug 2023

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Major Contract Wins
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New customers expand geographic and sectoral footprint

FY23 Highlights – New Customers Buy Entire Enterprise Imaging Platform:

  • St. Paul’s Hospital HK - a private hospital with ~500 beds and more than 20 departments. The capital contract has TCV of $1.52M.

  • Nuvodia - a US radiology and IT service provider focusing on outpatient imaging centres. The subscription contract has a 5-year term with a TCV of $2.5M.

  • Akumin – an outpatient radiology service provider with a network of 234 outpatient radiology and oncology centers and approximately 1,000 hospitals and health system clients across 48 states. The capital contract has a 10-year term with TCV of $16.7M.

Q1 FY24 Highlights – Public Sector Entry and Outpatient Focus:

  • Veterans Health Administration (VHA) - National Teleradiology Program (NTP) contract. Phase I will see Mach7’s VNA and eUnity viewer solutions form the core of NTP’s NextGen PACS and has a potential TCV of $11.7 million with a 12-month implementation fee period then a fee/study subscription licence over a 3-year term.

  • Diagnostic Imaging Associates (DIA) – an onsite and teleradiology service provider to public and private radiology departments throughout Oklahoma and surrounding states. The subscription contract has a TCV of $3.7M and a 5-year term.

  • Hospital Authority of Hong Kong (HAHK) – 5-year extension of HAHK VNA and eUnity Support and Maintenance and professional services. Total value of extension is $15.26m with recurring revenue value of $12.36m ($2.47m annually). Professional services component of $2.9m delivered / recognised on as needed basis.

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VNA Demonstration Jeff Hastings, Technical Sales Manager

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Clinical Demonstration Kristi Creasey, Senior Clinical Specialist

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Questions

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Appendix

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Our Markets
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Diverse Market Segments and Global Footprint

  • Integrated Delivery Networks (IDNs)

165+ Customers in 15 Countries

  • US public health system (new market in FY24)

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  • International hospital authorities

  • Regional and community hospital systems

  • Academic medical institutions

  • Medical research facilities

  • Independent provider groups

  • Imaging Centres

  • Teleradiology service providers

  • Strategic partnerships

  • Children’s health centres

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Our Value Proposition
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Fits Individual Needs

We can fit into customers’ existing technology infrastructure or adapt as it changes, such as in the number of servers at a customer site or whether they are centralised, in the cloud, or a hybrid.

Designed for the Enterprise

The foundation is in the enterprise, not individual departmental systems. The Mach7 platform and its modular software solutions have focused on integration, workflow, scalability, and performance.

Flexible Workflows

Flexibility of workflows – with an intuitive and graphical interface, users can customise workflows to meet the needs of individual departments and users.

Lasting Technology

Our software-only solution can stay with customers even as their hardware changes over time. It easily scales to adapt to the customer’s changing environment, such as additional sites acquired due to mergers.

Solves Immediate Needs

The modularity of the solution allows users to implement only the features they absolutely need, and its software-only design is capable of being used on customers’ existing IT infrastructure.

Customer Partnerships

We value our customers’ input and have taken measures to ensure open lines of communication to ensure their feedback reaches us.

Flexible Contract Terms

Cutting Edge Technology

Global Company

Mach7’s modular solution allows us to offer flexible contractual agreements that fit the varying budgetary needs of healthcare organisations.

Our solutions give organisations a connected, vendor neutral infrastructure built on a modern technology stack that allows them to grow, adapt and innovate.

Mach7 is a global company with a focus on healthcare imaging. Because of our size relative to the biggest industry players, we have the agility and flexibility to adapt quickly.

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KLAS – Defined
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The Best in KLAS report recognises software and services companies who excel in helping healthcare professionals improve patient care.

KLAS surveys’ healthcare IT customers (providers) throughout the calendar year and releases its final findings in Q1 of the following calendar year. That is, Best in KLAS 2023 is based on data accumulated through data surveys and insights in CY 2022.

A Best in KLAS award signifies to the healthcare IT industry the commitment and partnership that the top vendors should provide.

Best in KLAS is highly competitive and based on customer experiences and satisfaction. The goal of most healthcare IT providers is to be listed in the “Solution Comparison” section as these are the healthcare IT companies that have reached the minimum customer survey threshold and scored high enough to be ranked as one of the best for their competitive field.

The Best in KLAS report recognizes software and services companies who excel in helping healthcare professionals improve patient care.

All rankings are a direct result of the feedback of thousands of customers and providers over the last year.

While “Best in KLAS” designates the #1 overall rank based on weighted scores, being positioned in the top 4 is considered the best of the pack and creates tremendous visibility in the markets as the IT companies that present the best value and customer satisfaction.

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Our Revenue Model
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Revenue model caters to client funding needs

Flexible revenue model allows for both subscription (“SaaS”) and capital licences, generally on 5-year terms.

Equivalent Contracts: Equivalent Contracts: Capital Licence Capital Licence Subscription Licence Subscription Licence
Activity/Timing Fee Type Revenue
Recognition
Contribution
CARR/ARR
Revenue
Recognition
Contribution
CARR/ARR
Sales Order Signed/ Software
delivered
Licence Fee 100%
eg: $1M
CARR
eg: $0.2M p.a.
0% CARR
eg: $2.4M over 5yrs
= $0.48M p.a.
Implementation/
Migration/Training
Professional Service Fee
(one-off)
Milestone related
eg: $0.3m
0% Milestone related
eg: $0.3m
0%
Software Live/
First Productive Use(FPU)
Annual Support Fee
(20% of contract value)
20% annually
eg: $0.2M p.a. over
5yrs = $1M
ARR
eg: $0.2M p.a.
Licence Fee 20% annually
eg: $.048M p.a.
ARR
eg: $0.48M p.a.
Year 1 Revenue $1.5M $0.78M
Total Contract Value (TCV) Over 5-Years $2.3M $2.7M

CARR= Contracted Annual Recurring Revenue: ARR + annual subscription licence fees and annual support fees where customer is yet to reach FPU ARR= Annual Recurring Revenue: annual subscription licence fees + annual support fees recognised as revenue upon the customer achieving FPU TCV= Total Contract Value: capital software licence fee/ annual subscription fee, professional service fees and annual support fees over life of contract; FPU= First Productive Use; SaaS = Software as a Service

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Mach7 University
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  • Innovative solution to deliver training that fits work schedules and lifestyles.

Course Catalog Examples

  • Clinical Studio Overview

  • eUnity 7.0 Overview

  • Unlimited attendees and unlimited access to informational videos, instructor-led training courses, and interactive knowledge-sharing sessions.

  • eUnity Mammography

  • Hanging Protocols for Administrators

  • Mach7 Tech QC

  • Universal Worklist Overview

  • Advanced Visualization Overview

  • Courses are tailored to specific roles, such as System Administrators and Clinical Super-Users. Many courses offer ASRT CE credits to help technologists retain their registry status.

  • DICOM Routing

  • eUnity 7.2 New Features

  • eUnity System Administrator Overview

  • • Mach7 VNA V12

  • Management Studio for Administrators

  • Universal Worklist for Administrators

  • Predictable forecasting and budgeting of training costs via simple annual subscription.

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Our Leadership Team
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Mike Lampron Chief Executive Officer

Mike is the CEO of Mach7 Technologies. With over 20 years of experience in business and operational management for Healthcare IT companies, Mike brings a broad experience ranging from private start-up organizations to established companies such as IBM and GE. Mike was previously the CEO for a National Teleradiology Company and has a proven ability to drive results through a combination of astute analysis, innovative execution, and cross-functional teamwork. Mike is responsible for our customers’ success while driving excellence throughout Mach7.

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Dyan O’Herne Chief Financial Officer

Dyan is the Chief Financial Officer of Mach7 prior to which she spent seven years in financial controller roles. With the benefit of tenure and leadership positions, Dyan has a deep knowledge of the Company’s finances, operations, history and culture. She is a Chartered Accountant with more than 20 years’ experience in senior finance roles including with Aon Insurance Managers and PricewaterhouseCoopers immediately prior to joining Mach7 .

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David Madaffri Ravi Krishnan Chief Operating General Officer Manager, APAC

Ravi is a founding partner of Mach7 Technologies and is an accomplished image management professional with nearly 2 decades of domain-based experience with the technology intricacies which drive medical imaging.

David is the Chief Operating Officer of Mach7, having held the role of Global Vice President of Sales previously. David began his career as a Radiologic Technologist and later managed the Imaging Services at Sharp Memorial Hospital in San Diego, CA. After leaving Sharp, he worked in Process Improvement Consulting, Implementation Services, and later Sales for both IDX and GE. For the past 12 years, David has worked for Philips Healthcare in a variety of sales leadership roles. Just prior to joining Mach7, David served as Philips’ Vice President of Sales for Enterprise Diagnostic Informatics for North America.

Ravi is a Medical Imaging Informatics and image workflow expert. He has been instrumental in the growth of industryleading healthcare teams in Asia Pacific including GE Healthcare and Agfa Healthcare. As one of the two cofounders of Mach7, Ravi has built the design philosophy and technical strategy for Mach7.

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Lisa Thompson Vice President, Services

Lisa is the Vice President of Services for Mach7, including Professional Services and Client Support. Lisa brings over 18 years of experience in the healthcare software industry working with radiology, cardiology, patient access and enterprise software. Before joining Mach7, Lisa was Senior Director of Professional Services at GE Healthcare and VP Services and Support for QuadraMed/Harris Healthcare. Lisa has led teams responsible for professional services, support, implementation quality, operational excellence, business integration, and process management. Lisa holds a Black Belt in Six Sigma and is experienced in Lean and Change Management.

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Bob Tranchida Vice President, Marketing

Bob is Mach7’s Vice President of Marketing. With over 25 years of experience in the direct medical provider and healthcare IT space, he is a seasoned expert with vast experience and knowledge in many types of organizations, from IT startups to Fortune 500 organizations like Philips. Bob has held many leadership roles within these organizations, spanning product management, program management, strategic account management and marketing. He brings a deep well of knowledge, passion and energy to the leadership team and is focused on building out Mach7’s strategic global marketing programs.

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Andrew Volkening Vice President, Product

Andrew is a veteran imaging informatics leader with deep industry knowledge gained from over 20 years in healthcare imaging. He began his career as a Field Service Engineer and became PACS Administrator at Sunnybrook Health Sciences Center, one of Canada’s foremost teaching and research hospitals as well as the nation’s largest trauma center. Andrew’s direct experience managing PACS has given him the unique ability to understand the customer perspective and focus on relevant solutions that address their specific clinical imaging needs. Andrew is also an imaging researcher who has earned awards for his work developing Canadian guidelines for lossy compression.

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Our Board of Directors
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David Chambers

Outgoing Non-Executive Chairman

David has more than 30 years’ extensive experience in the Healthcare and Life Science industry and a proven track record in healthcare IT systems through a series of senior executive roles in Australia, North America, Europe, and Asia. David up until recently acted as Managing Director, Asia-Pacific, of Allscripts Healthcare Solutions, a NASDAQ listed billion-dollar global leader in Healthcare Technology, retiring after close to seven years, on 30th June 2020. Prior to that David was General Manager, Asia and ANZ with Carestream Health. He was former chief executive of ASX-Listed health software business Pro Medicus Limited. David also served eleven years with Agfa Healthcare, including managing their Informatics group in Asia Pacific, and culminating in his elevation to Vice President of Agfa North America.

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Mike Lampron Managing Director

Mike is the Chief Executive Officer and Managing Director of Mach7 Technologies. With over 20 years of experience in business and operational management for Healthcare IT companies, Mike brings a broad experience ranging from private start-up organizations as well as long established companies such as IBM and GE. Mike was previously the Chief Executive Officer for a National Teleradiology Company and has a proven ability to drive results through a combination of astute analysis, innovative execution and cross-functional teamwork. Mike is responsible for our customers’ success while driving excellence throughout Mach7.

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Philippe Houssiau

Outgoing Non-Executive Director

Philippe held a variety of executive roles as Partner with PriceWaterhouse and PwC, CEO of Agfa Healthcare, where he transitioned the business from being an Analog Film manufacturing outfit to become a world leader in Imaging and Health IT, CEO of Alliance Medical, the leading European Imaging Services Provider and CEO/Chairman of the Rhapsody Healthcare Interoperability business, now Lyniate. Philippe also ran the CSC/DxC Healthcare business in the UKI and Netherlands and held many board and Chair positions, in Imaging and Healthcare. He currently serves as the CEO of MAK-System, the leading Blood Management Software company and as Chairman of Corilus (Primary Care). Philippe is based in Antwerp, Belgium.

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Rob Bazzani Non-Executive Director

Rob spent 20 years with the global consulting firm KPMG, where he served as Chairman of KPMG Victoria, National Managing Partner for KPMG Australia’s Enterprise Division and National Managing Partner for KPMG’s M&A Division. Whilst in these roles, Rob was a member of KPMG’s National Executive Committee which oversees and is responsible for the Firm’s turnover, strategic decision making, profitability and operations. Rob has a demonstrated track record of leading and growing large scale and complex businesses. He has played a significant role in advising clients on commercial maters, corporate governance, M&A and has engaged with Government and Regulators. With extensive experience in corporate advisory, Rob has deep commercial and industry knowledge across financial services, asset and wealth management, property, insurances and consumer & industrial markets.

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Eliot Siegel, MD Non-Executive Director

Dr. Eliot Siegel is the Professor and Vice Chair of information systems at the University of Maryland School of Medicine, Department of Diagnostic Radiology, and the Chief of Radiology and Nuclear Medicine for the Veterans Affairs Maryland Healthcare System. Under his guidance, the VA Maryland Healthcare System became the first filmless healthcare enterprise in the World. He has written over 300 articles and book chapters about PACS and digital imaging and has edited six books on the topic. Dr. Siegel is a fellow of the the American College of Radiology and is a Board member of Carestream Health, a billion-dollar global company in digital radiography and computed radiography systems and serves on numerous advisory boards in medical imaging.

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Contact Us

Investor Relations, Mach7: Françoise Dixon +61 (0) 412 292 977 [email protected]

Registered Office: Level 4 | 100 Albert Road, South Melbourne, VIC

This document was authorised for release to the ASX by Mike Lampron, Managing Director and Chief Executive Officer

Mach7 Technologies

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