PAINCHEK LTD — Interim / Quarterly Report 2020

Jan 21, 2021

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December 2020 Quarterly Update

PHILIP DAFFAS, CEO & MD

PAINCHEK LTD | ASX:PCK

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PainChek® gives a voice to people who cannot reliably verbalise their pain

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THE INITIAL SIZE OF THE PROBLEM

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400M pre-verbal children

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50M people living with dementia

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25-42%

of hospital beds occupied by people with dementia

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1. Ecology Communications Group. www.ecology.com/birth-death-rates

2. World Alzheimer Report 2016

3. Germossa et al. BMC Nursing (2019) 18:40

4. Tsai, I. P., Jeong, S. Y. S., & Hunter, S. (2018). Pain assessment and management for older patients with dementia in hospitals: an integrative literature review. Pain Management Nursing , 19 (1), 54-71.

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WHERE PAINCHEK S TARTED

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CARERS OF THOSE WHO CAN’T Australian SELF-REPORT Residential THEIR PAIN Aged Care

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PAINCHEK® PR OV EN PR ODU CT AND BU S INESS MODEL

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71,318 beds under contract in Aged Care – up 123% year on year

884 Aged Care facilities contracted across four continents – up 133% year on year

260,000+ documented clinical assessments – up 240% year on year

“Since we introduced PainChek® as a standard pain assessment tool for cognitively impaired residents in our facility, we have had a 72% increase in the number of pain assessments completed . This has translated into more pain interventions applied , including PRN medications and therapy-based solutions” — Matt Kowald, General Manager, Barossa Village

“Under the restrictions required for COVID-19, PainChek has been even more beneficial. As a non-contact digital healthcare solution supportive of our social distancing requirements, we have continued to use PainChek to safely assess our residents living with dementia and cognitive impairment” — Jim Murray, Facility Manager, Allambie Heights Village

“Pain and behaviour management often go hand in hand and PainChek® has provided us with a simple but effective tool to diagnose that a person has pain and effectively manage that pain. As a result, we now have a number of documented cases of reduced use of behaviour medications (such as antipsychotics) and an improvement in the quality of life for the residents ” — Yvonne Ayre, General Manager, Regents Garden

Figures based on December 2020 Quarterly Update

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NOW EXPANDING INTO LARGER MARKET SECTORS

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Residential Disabilities Aged Care CARERS OF THOSE WHO CAN’T SELF-REPORT THEIR PAIN Home Care

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Hospitals
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NEW MARKET S ECTORS – PROGRESS TO DATE

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NEW MARKET S ECTORS – PROGRESS TO DATE

Residential Aged Care

$300M annual market

• More than 880 RAC’s with PCK licenses

• More than 260,000 assessments to date

• Post grant ARR of $3M AUD

• More than 3,000 carers trained across 4 continents

• International expansion in place in UK, NZ, Singapore

• Currently exploring new entry into SE Asia, mainland Europe and Canada for 2021 – US target 2022

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NEW MARKET S ECTORS – PROGRESS TO DATE

Residential Aged Care

$300M annual market

• More than 880 RAC’s with PCK licenses

• More than 260,000 assessments to date

• Post grant ARR of $3M AUD

• More than 3,000 carers trained across 4 continents

• International expansion in place in UK, NZ, Singapore

Disabilities

• Large market

• First license agreements in place with The (size being

• Nulsen Group and The Disability Trust - 6 defined)

• month pilots

• Number of new opportunities being explored within large NDIS sector locally and overseas

• Currently exploring new entry into SE Asia, mainland Europe and Canada for 2021 – US target 2022

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NEW MARKET S ECTORS – PROGRESS TO DATE

Residential Aged Care

$300M annual market

• More than 880 RAC’s with PCK licenses

• More than 260,000 assessments to date

• Post grant ARR of $3M AUD

• More than 3,000 carers trained across 4 continents

• International expansion in place in UK, NZ, Singapore

Disabilities

• Large market

• First license agreements in place with The (size being

• Nulsen Group and The Disability Trust - 6 defined)

• month pilots

• Number of new opportunities being explored within large NDIS sector locally and overseas

• Currently exploring new entry into SE Asia, mainland Europe and Canada for 2021 – US target 2022

Home Care

• 5 local pilots progressing positively and concluding January 2021

• Commercial models established for market launch in Q1 C2021

• Canadian launch with AlayaCare in January 2021

• UK partnerships with HC providers in progress

Est $1Bn global market

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NEW MARKET S ECTORS – PROGRESS TO DATE

Residential Aged Care

$300M annual market

• More than 880 RAC’s with PCK licenses

• More than 260,000 assessments to date

• Post grant ARR of $3M AUD

• More than 3,000 carers trained across 4 continents

• International expansion in place in UK, NZ, Singapore

Disabilities

• Large market

• First license agreements in place with The (size being

• Nulsen Group and The Disability Trust - 6 defined)

• month pilots

• Number of new opportunities being explored within large NDIS sector locally and overseas

• Currently exploring new entry into SE Asia, mainland Europe and Canada for 2021 – US target 2022

Home Care

• 5 local pilots progressing positively and concluding January 2021

• Commercial models established for market launch in Q1 C2021

• Canadian launch with AlayaCare in January 2021

• UK partnerships with HC providers in progress

Est $1Bn global market

• Hospitals • Est $1Bn Ramsey Hospital Research Foundation study with frail patients commencing in WA in Q1 global C2021 – results to support basis for larger roll market out

• Philips Healthcare European research project for pain management and minimise risk of a delirium

• Local hospital distribution partnership being explored to extend market access

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ADDITIONAL LARGE MARKET : PRE-VERBAL CHILDREN’S APP

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Large market opportunity with 400 million pre-verbal children worldwide* and 100 million first time parents each year

Difficult to discern whether pre-verbal children are in genuine pain or crying due to hunger, tiredness etc

PainChek “faces only” clinical study has validated high correlation with current manual pain assessment tools – results now being peer reviewed

Potential users include children’s hospitals, post natal wards, parents, grandparents, babysitters & health care professionals CE & TGA clearance targeted for Q2 CY21

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* PainChek ASX posted Company presentation 28 [th] November 2019 12 |
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PAINCHEK® F U LLY DI G I TAL CAPABILITY

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Speeds up global access to market

Cost effective business model

Addresses pandemic needs

“With the advent of COVID-19, IRT Group rapidly changed its rollout approach to PainChek, adopting a remote training approach & running in excess of 72 video conferencing sessions across its 21 residential aged care centres. The PainChek app has allowed IRT to provide employees with an innovative pain assessment & management tool that enables them to practice safe distancing whilst assessing & managing resident pain.”

Alex Reed, Strategic Projects Manager, Aged Care Centres at IRT

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BU ILDING WOR LD’ S LAR G ES T PAIN AS S ES SMENT DATABAS E

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Future product development – understanding pain face expressions Thought leadership for the global market

Partnerships with therapeutic companies

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PROV IDING CLI ENTS WI TH CR I TI CAL PAIN DATA INS IGHTS

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GLOBAL MARK ET ACCES S I NCR EAS ING

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Regulatory clearance received
Regulatory in progress
Partnerships
Sales presence / sales in progress
Australian CMS partners
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WHERE PAINCHEK I S G OI NG –

A U N I V E R S A L P A I N M A N A G E M E N T T O O L F O R A L L P E O P L E E V E R Y W H E R E

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giving a voice to people who cannot reliably verbalise their pain

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WHERE PAINCHEK I S G OI NG –

A U N I V E R S A L P A I N M A N A G E M E N T T O O L F O R A L L P E O P L E E V E R Y W H E R E

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documenting
the voice
of people
who can
reliably
verbalise
their pain
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U N I V E R S A L P A I N A S S E S S M E N T , T H A T M E A S U R E S A N D I N F O R M S

….and now the Universal system for those who fluctuate between the two

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U NIV ERSAL PAI N AS S ES SMENT F OR MU LTIPLE GLOBAL MARK ETS

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DISABILITIES
GPs,
&
OUTPATIENT HOSPITALS
ALLIED
& FIRST AID
HEALTH
CLINICS
PainChek
Kids
HOSPITALS
HOME CARE
HOME GPs,
CARE PainChek &
Adult PAEDIATRIC
SPECIALIST
DAY CARE
S
CENTRES
AGED
CARE
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CATALYSTS FOR 2021

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0 1 0 3 0 5 0 7
Launch Home Care TGA & CE Mark Australian Expansion of
dementia product in submission for pre- Government Adults and
Australia & Canada – Q1 verbal children trial outcomes Children Apps into
2021, Europe – CY 2021 product – Q2 2021 research report Mainland Europe –
– Q2 2021 2021 ongoing
Universal Solution FDA de Novo Launch pre-verbal Adult and
launch in all clearance submitted children’s product pre-verbal
markets – in Australia & UK –
for US market – children’s US
Q1 2021 CY 2021 Q2/Q3 2021 launch – 2022
0 2 0 4 0 6 0 8
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N.B. COVID-19 is impacting global clinical trials – the above timings have been adapted based on best current estimates

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December 2020 Quarterly Update

PHILIP DAFFAS, CEO & MD

PAINCHEK LTD | ASX:PCK