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PHARMX TECHNOLOGIES LIMITED Interim / Quarterly Report 2021

Feb 23, 2021

65560_rns_2021-02-23_b1aa72a1-47cc-4a6a-98fb-3f7800873009.pdf

Interim / Quarterly Report

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Corum Group Limited ABN 25 000 091 305 Level 3, 120 Sussex Street, Sydney NSW 2000 www.corumgroup.com.au

Market Release

24 February 2021

Corum building positive momentum

Corum Group Limited (ASX:COO) (Corum) is pleased to announce its interim results for FY21.

  • Group revenue $6.64m UP 33% on pcp

  • Underlying EBITDA $2.2m UP 2,501% on pcp

  • Cash on hand $7.6m

Key operational highlights

  • Completion of the PharmX acquisition. Corum acquired the remaining 57% of equity in PharmX for $7.9m

  • Successful capital raise. Corum undertook a 1 for 3 Non-renounceable Rights issue to raise $5.6m before costs at 4.2cps to part fund the PharmX acquisition

  • Strategic placement to Arrotex pharmaceuticals. Corum secured Arrotex pharmaceuticals, Australia’s largest generic and private label OTC company as a strategic shareholder. This placement raised a further $3.3m at 5.5cps and Dennis Bastas, Executive Chairman of Arrotex joined the Corum Board

  • Revenue growth of $6.64m was an increase of 33% on pcp aided by the PharmX acquisition. Expenses continue to be closely controlled

  • Underlying EBITDA of $2.2m was an increase of 2,501% on pcp.

  • Corum ended the half with a strong cash balance and is well positioned to take advantage of strategic opportunities as they occur

  • Cash from operating activities was positive $559k vs $1,315 negative in pcp

Commenting on the results, Corum Managing Director, Julian Sallabank said: “I am pleased with the continued progress that we have achieved in the half year. We will continue to focus on profitable growth of our healthcare business and look to augment that growth through disciplined healthtech acquisitions”.

- ENDS -

This announcement has been authorised for lodgment by Julian Sallabank, Managing Director

For further information contact:

Julian Sallabank, Managing Director

Investor email: [email protected]

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Corum Group | Corum Health | Corum eCommerce | PharmX corumgroup.com.au
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Corum Group Limited ABN 25 000 091 305 Level 3, 120 Sussex Street, Sydney NSW 2000 www.corumgroup.com.au

About Corum Group

Corum Group Limited [ASX:COO] (Corum) is an Australian company limited by shares that owns businesses in technology and software development.

For more than 30 years Corum has been using its deep industry expertise and extensive relationships to develop PointOf-Sale, Dispensing and Management software for pharmacy head offices and retail stores and a range of eCommerce and ordering solutions throughout Australia.

Corum is determined to offer the best solutions to its customers through the products, services and processes of each of its businesses.

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Corum Group | Corum Health | Corum eCommerce | PharmX corumgroup.com.au
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Corum Group Limited

H1 FY21 Results 24 February 2021

Important Notice & Disclaimer

This presentation has been prepared by Corum Group Limited (COO or the Company or Corum). It should not be considered as an offer or invitation to subscribe for, or purchase any shares in COO, or as an inducement to purchase any shares in COO. No agreement to subscribe for securities in COO will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.

This presentation is not a prospectus, product disclosure document, or other offering document under Australian law or under the law of any other jurisdiction. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of an individual investor. It is not a financial product advice and the Company is not licensed to, and does not provide, financial advice.

This presentation may contain forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of past and present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this presentation, are expected to take place. Such forward-looking statements do not guarantee of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors many of which are beyond the control of the Company, its Directors and management.

assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this document will actually occur or that the assumptions on which those statements are based are exhaustive or will prove to be correct beyond the date of its making.

Readers are cautioned not to place undue reliance on these forward-looking statements. Except to the extent required by law, the Company has no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this presentation.

Readers should make their own independent assessment of the information and take their own independent professional advice in relation to the information and any proposed action to be taken on the basis of the information. To the maximum extent permitted by law, the Company and its professional advisors and their related bodies corporate, affiliates an each of their respective directors, officers, management, employees, advisers and agents and any other person involved in the preparation of this presentation disclaim all liability and responsibility (including without limitation and liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this presentation. Neither the Company nor its advisors have any responsibility or obligation to update this presentation or inform the reader of any matter arising or coming to their notice after the date of this presentation document which may affect any matter referred to in the presentation.

Although the Company believes that the expectations reflected in the forwardlooking statements included in this presentation are reasonable, none of the Company, its Directors or officers can give, or gives, any

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2

H1 FY21 Key Highlights

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Financials
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  • Revenue $6,642k , an increase of 33% on pcp

  • Heath Services $5,774k, up 43% on pcp

  • eCommerce $780k, down 18% on pcp

  • Underlying EBITDA $2.2m[(1)] compared to $0.1m in pcp, up 2,501%

  • Underlying NPAT of $1.5m[(2)] compared to a loss of ($0.5)m in pcp

  • Underlying EPS of 0.31 cents per share[(2)] compared to a loss of 0.11 cents per share in pcp

  • Operating cashflow was $559k in the half

  • Cash on hand at 31 December 2020 of $7.6m

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  • (1) Excluding PharmX + BAMM legal costs / restructuring / redundancy $0.8m

3

(2) Excluding PharmX + BAMM legal costs / restructuring / redundancy $0.8m, BAMM Settlement $1.5m, fair value adjustments $1.7m

H1 FY21 Ke Hi hli hts y g g

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PharmX Acquisition
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  • Acquisition of the 57% equity in PharmX that Corum did not already own

  • The Corum Board expect the acquisition to be earnings per share accretive in its first year

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Capital Raising
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  • Corum undertook a 1 for 3 Non-Renounceable Rights issue (“Offer”) to raise $5.6 million before costs at 4.2 cps as part funding for the acquisition

  • The Corum Board and their related entities participated fully for their respective entitlements & collectively hold 28% of the listed equity

  • Strategic placement to Arrotex Pharmaceuticals raising a further $3.3m at 5.5 cps

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Corporate
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  • Appointment of Julian Sallabank as CEO and Managing Director effective 1 September 2020

  • Board Renewal complete with the appointment of Jayne Shaw (Oct 20) and Dennis Bastas (Dec 20) further enhancing the capabilities & reach of the Corum Board

  • Secured Arrotex Pharmaceuticals as a strategic shareholder . Arrotex is Australia’s largest generic and private label OTC company servicing 3,400 pharmacies

  • Concluded BAMM agreement – Research & Development now in house providing greater control over product development

4

Australian Pharmacy Market

Corum operates primarily within the Australian pharmacy sector as a software vendor & technology provider

Australian Pharmacies[2]

Group Market Segment[1]

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13% 15%
34%
38%
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Buying Groups Banners Groups Brands

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PBS Registered
3%
95% Private Hospitals
2%
Public Hospitals
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Australian Pharmacy Market Share[2]

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38% My Chemist Retail Group
Sigma Healthcare Ltd
10%
$20bn EBOS Group Ltd
Australian Pharmaceutical
12%
23% Industries
Other
18%
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1Corum Estimates 2IBIS World April 2020

5

Corum Group

Corum Group is a key enabler of Australian community pharmacy through its diversified pharmacy digital infrastructure

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Revenue Source
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  • Dispense, Point of Sale and Head Office software (subscriptions under licences) FY20 Pro-forma

  • • Typically payable quarterly in advance 18% 13%

  • • Pre-eminent electronic ordering gateway

  • • Platform access and usage charges payable monthly for agreed term 82% 87%

  • • Outsourced payment processing platform eCommerce PharmacyHealth Services

  • Outsourced payment processing platform

  • • Primarily transaction value-based charges payable quarterly in advance, monthly or per transaction

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6

Our Pharmacy Software Solutions

Corum Health is a key enabler of Australian community pharmacy through it’s Dispense, Point of Sale and Head Office pharmacy digital infrastructure

Solutions

  • Medication dispense systems are highly regulated

  • ePrescribing ready in a post COVID environment

  • • Corum Clear Dispense ( CCD ) in market and expanding rapidly

  • Manage front of house cash collection

  • Also serve as stock ordering and control system Retail

  • • Corum Clear Retail ( CCR ) focused on enhancing existing functionality and performance

  • Pharmacy group management solutions

  • RPM is the market leading head office system

  • • Corum Clear Enterprise ( CCE ) scheduled for pilot 4Q FY21

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7

PharmX Overview

PharmX is the pre-eminent electronic ordering gateway for Australian pharmacy with a long track record of delivering the stability and reliability required by the high order volumes of pharmacies

  • Key Pharmacy Benefits Key Supplier Benefits

  • • Access all wholesalers • Single access point to Australian pharmacy

  • • Broad range of POS systems •

  • supported including all major Facilitates electronic ordering vendors without customised interfaces

  • Connecting 5,500+ • Increases ordering efficiency Increases pharmacy supply chain saving valuable staff time pharmacies to their efficiency suppliers

  • • Broad range of direct suppliers connected and accessible Connected Wholesalers Selected Connected Suppliers

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PharmX Opportunities

There is a renewed strategic focus , the Corum Board believes the past 3 years of equity holder litigation have acted as a significant distraction to the strategic focus of PharmX

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Capital Investment
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Corum will provide PharmX with capital investment to achieve growth ambitions based on expected profitability and managed risk

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Extend Supplier Depth
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PharmX is focused on expanding the number of platform connected suppliers given the efficiency benefits for the pharmacy supply chain

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Additional Services
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PharmX management have identified a range of potential additional services to further improve pharmacy supply chain efficiency

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Alternative Markets
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Potential exists for the deployment of the PharmX technology platform across alternative market opportunities

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eCommerce

Corum eCommerce provides its clients a simple and efficient outsourced payment processing platform

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ReConnect oneCard

Secure payment solution primarily used by Real Estate agents without the need to maintain their own secure payment IT infrastructure

eCpay

Corporate grade payment solution offering customised features that is fast, reliable and secure and can be integrated to client requirements

Our eCommerce Solution

  • Secure PCI compliant payment gateway

  • Provides clients an efficient payment method for customers

  • Avoids the need for clients to maintain expensive payment systems

  • Full support desk service

Select Clients

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10

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Financials

H1 FY21 Financial Snapshot

Results1
H1 FY20
H1 FY21
∆ PCP
Revenue
$5,011
$6,642
33%
Health Services2
$4,056
$5,862
45%
eCommerce
$955
$780
-18%
Expenses
($4,926)
($5,203)
6%
EBITDA (reported)
$85
$1,439
1,593%
EBITDA (underlying)3
$85
$2,211
2,501%
Results1
H1 FY20
H1 FY21
∆ PCP
Revenue
$5,011
$6,642
33%
Health Services2
$4,056
$5,862
45%
eCommerce
$955
$780
-18%
Expenses
($4,926)
($5,203)
6%
EBITDA (reported)
$85
$1,439
1,593%
EBITDA (underlying)3
$85
$2,211
2,501%
Results1
H1 FY20
H1 FY21
∆ PCP
Revenue
$5,011
$6,642
33%
Health Services2
$4,056
$5,862
45%
eCommerce
$955
$780
-18%
Expenses
($4,926)
($5,203)
6%
EBITDA (reported)
$85
$1,439
1,593%
EBITDA (underlying)3
$85
$2,211
2,501%
Results1
H1 FY20
H1 FY21
∆ PCP
Revenue
$5,011
$6,642
33%
Health Services2
$4,056
$5,862
45%
eCommerce
$955
$780
-18%
Expenses
($4,926)
($5,203)
6%
EBITDA (reported)
$85
$1,439
1,593%
EBITDA (underlying)3
$85
$2,211
2,501%
Revenue
Health Services2
eCommerce
Expenses
EBITDA (reported)
EBITDA (underlying)3
$5,011
$4,056
$955
($4,926)
$85
$85
$6,642
$5,862
$780
($5,203)
$1,439
$2,211
33%
45%
-18%
6%
1,593%
2,501%
  • Increases in Health Services revenue in line with expectations mainly due to PharmX contribution

  • Continued focus on organisational efficiencies and revenue generation delivered significant uplift in EBITDA

  • First revenue uplift since FY16 and EBITDA Margin of 37%

Sales Revenue ($000’s)

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H2
$7,352 H2
$6,473 H2
$5,348 $4,813H2 H2
$4,605
H1
$8,201 $7,034H1 $5,828H1 $5,321H1 $4,511H1 $5,977H1
FY16 FY17 FY18 FY19 FY20 FY21
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Underlying EBITDA ($000’s) & EBITDA Margin (%) [4]
$4,000 37.0% 40.0%
$3,000 30.0%
$2,000 20.0%
$2,211
$1,000 10.0%
- 0.0%
FY16 FY17 FY18 FY19 FY20 H1 FY21
Underlying EBITDA EBITDA Margin
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  • 1Refer to Page 22 in the appendix for detailed financial statements

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  • 2 Includes unallocated segment revenue of $88k in H1 FY21 and $24k in H1 FY20

  • 3Adjusted to exclude one-off costs – see Page 13 Profit & Loss for detail on underlying calculations 4FY16 to FY20 is reported EBITDA, H1 FY21 is adjusted underlying EBITDA

12

Underlying Result Reconciliation

EBITDA H1 FY21 NPAT H1 FY21
Underlying EBITDA $2,211
Revenue $6,642 Depreciation & Amortisation, interest and tax ($710)
Expenses ($5,203) Underlying NPAT $1,501
Reported EBITDA $1,439 PharmX + BAMM legal costs / restructuring /
redundancy
($772)
PharmX + BAMM legal costs /
restructuring / redundancy
$772 BAMM settlement
FV adjustment on PharmX investment
($1,468)
$1,727
Underlying EBITDA $2,211 Reported NPAT $988

Underlying Results Reconciliation

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$0.7m
$0.8m
$2.2m
$1.7m
$1.5m $1.5m
$1.0m
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Underlying EBITDA

Depreciation & Underlying NPAT BAMM Settlement FV adjustment on PharmX + BAMM Reported NPAT Amortisation, PharmX investment legals / restructuring interest and tax / redundancy

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13

Positive Cashflow Momentum

Net cash from / (Used in) Operating Activities ($’000)[1]

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Operating cashflow improvement a key
$559 focus for new Board
• Positive H1 run rate in FY21
$191

Cost optimisation a focus to minimise
COVID-19 impact

Cashflow data excludes any PharmX
contribution which was accrued during
FY20
($1,315)
H1 FY20 H2 FY20 H1 FY21
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14

1Adjusted to remove the impact of an R&D tax incentive credit received

Strategic Priorities

  • Improve sales performance in core pharmacy software

  • Continued focus on cost optimisation

  • Realise operating leverage in technology business

  • Corum Clear to be the lead solution suite

  • Streamline product range going forward

  • Focusing on return on development spend

  • Health software and related technologies

  • Leverage core pharmacy position and industry relationships

  • Disciplined approach to profitable growth

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15

FY21 Interim Summary

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Profitability restored & generating cash

Platform For Growth

Healthtech Focus

First revenue uplift since Over the past 12 months Provides investors exposure FY16 and EBITDA Margin Corum has put in place to a long established of 37% combined with strengthened healthcare, pharmacy technology Positive H1 run rate in technology and commercial business with a strategy to FY21 capabilities to target growth augment growth through disciplined healthtech acquisitions

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Refreshed Board & management with significant equity

Corum has strengthened its pharmacy sector relationships and access through Board renewal[1] and the acquisition of PharmX

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16

1Refer to Page 20-21 in the appendix for director profiles

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Questions

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Appendix

Corporate Overview

Corum Group Limited (ASX:COO) Corum Group Limited (ASX:COO)
Share Price 9.0cps
Market Capitalisation $55.49m
Enterprise Value (Cash 31/12/20) $47.87m

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Share Price Performance [1]
12c 8
8c
4
4c
0c 0
Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21
Volume Share Price
Volume (m)
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Capital Structure Capital Structure
Shares on Issue (m) 596.8
Options / Perf Rights (m) 5.6
Diluted Issued Capital (m) 602.4
Major Shareholders – 22 February 2020 Major Shareholders – 22 February 2020 Major Shareholders – 22 February 2020
Shares (m) %
Lujeta Pty Ltd 110.6 18.53
Arrotex Investments 60.0 10.05
National Nominees Limited 34.6 5.80
Lyell Pty Ltd 28.1 4.70
Mersault Pty Ltd 26.8 4.49
DG Manuel & AE Leary 26.7 4.47
Benki Pty Ltd 19.7 3.29
Ginga Pty Ltd 21.1 3.54
Milburn Pty Ltd 16.0 2.68

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19

1iress

Board & Management

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Nick England - Chairman
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Nick has over 35 years of consulting and senior executive experience in Australia, the UK and Europe.

Nick held senior management roles with Alliance UniChem PLC (now AB Walgreens) which operates more than 18,000 pharmacies across multiple countries. As Group Director of Alliance UniChem, Nick was responsible for developing opportunities with key global network partners.

Nick’s experience includes roles with direct responsibility for managing strategy, sales and business performance.

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Julian Sallabank - Managing Director
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Julian has vast experience in senior executive and board roles for both private and ASX listed companies operating in the medical technology and recruitment sectors.

Primary areas of expertise are strategic planning, commercialisation and organisational development of both domestic and international businesses.

Most recently Julian was Managing Director of an early stage medical innovation fund investing in and commercialising digital health, diagnostics, medtech and therapeutics; collaborating with the Murdoch Children’s Research Institute.

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Jon Newbery - Non-Executive Director
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Jon brings to Corum over 30 years of senior executive and board roles for ASX listed companies in the technology, telecommunications, engineering and facilities management sectors.

Jon is currently Head of Corporate Finance and Projects for ASX listed Downer EDI with responsibility for strategic acquisitions and disposals for the group.

Previously Jon held roles as Chief Executive Officer of ASX listed Clarity OSS Limited and as Non-Executive Chairman of UK based platform developer IMX Software.

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20

Board & Management

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Jayne Shaw - Non-Executive Director
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Ms Shaw has significant experience in healthcare management and an experienced clinical background in nursing. Ms Shaw has acted in senior management roles in two Australian private hospitals and established an Australian and international consulting business which was sold to Healthsouth, a large US Healthcare company.

After this, Jayne became the co-founder of Vision Group, a business that was successfully listed on the ASX.

Jayne has been a member of a number of private healthcare boards involved with specialist consolidation including cardiology, cancer care, orthopaedics, and women’s health and has continued to work with private equity firms on local and International Healthcare transactions.

Ms Shaw also holds positions on the boards of Mable Technologies, The Woolcock Research Institute, and The Citadel Group, and as Chairman of BCAL Diagnostics.

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Dennis Bastas - Non-Executive Director
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Dennis has operated as an entrepreneur in Australia’s pharmaceutical sector since 2002 when he founded his first generic pharmaceutical company Genepharm. Over the past two decades he has gained extensive experience in the global pharmaceutical manufacturing industry and the Australian and Asian retail pharmacy market.

Dennis is currently the majority shareholder and Executive Chairman of two of Australia’s leading generic pharmaceutical companies, Arrotex Pharmaceuticals and Juno Pharmaceuticals.

Arrotex Pharmaceuticals is Australia’s largest generic pharmaceutical and private label OTC medicines company. Arrotex Pharmaceuticals was formed following the merger of Arrow Pharmaceuticals and Apotex Australia in July 2019 and is today Australia’s largest privately owned pharmaceutical company. Arrotex distributes medicines that account for over 30% of all PBS prescriptions dispensed in Australian pharmacies.

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21

Profit & Loss

Profit & Loss (A$000's)
Revenue
Health
eCommerce
Expenses
Materials and consumables
Employee Benefits
Occupancy
Marketing
Technology, communication and cloud costs
Legal
Other
Share based payments
R&D tax benefit
Total Expenses
Statutory EBITDA
EBITDA (Underlying)
Depreciaition and amortisiation
EBIT (Underlying)
Finance costs
Income tax expense / (benefit)
NPAT (Underlying)
One-off Items
BAMM & ParmaX Legal Cost & Termination Payments
Fair value adjustment of investments / impairment
BAMM Settlement
Statutory NPAT
H1 FY19 H2 FY19 H1 FY20 H2 FY20 H1 FY21
$6,642
$5,862
$780
($1,040)
($3,384)
($53)
($60)
($385)
($386)
($92)
-
$197
($5,203)
$1,439
$2,211
($781)
$1,430
($20)
$91
$1,501
($772)
$1,727
($1,468)
$988
∆ PCP
33%
44.5%
-18.3%
81.2%
-12.1%
-37.6%
-74.9%
33.7%
306.3%
338.1%
-12.4%
5.6%
1592.9%
2501.2%
103.9%
579.9%
-16.7%
405.6%
593.8%
425.0%
∆ H2 FY20
$5,845 $5,385 $5,011 $5,632 $6,642 33% 18%
$4,698
$1,147
($542)
($3,931)
($390)
($262)
($278)
($54)
($188)
-
$328
$4,315
$1,070
($600)
($3,180)
($3)
($363)
($258)
($288)
($350)
-
$100
$4,056
$955
($574)
($3,849)
($85)
($239)
($288)
($95)
($21)
-
$225
$4,763
$869
($629)
($3,327)
($39)
($235)
($306)
($396)
($135)
($18)
$363
$5,862
$780
($1,040)
($3,384)
($53)
($60)
($385)
($386)
($92)
-
$197
44.5%
-18.3%
81.2%
-12.1%
-37.6%
-74.9%
33.7%
306.3%
338.1%
-12.4%
23.1%
-10.2%
65.3%
1.7%
35.9%
-74.5%
25.8%
-2.5%
-31.9%
-100.0%
-45.7%
($5,317) ($4,942) ($4,926) ($4,722) ($5,203) 5.6% 10.2%
$528 $443 $85 $910 $1,439 1592.9% 58.1%
$528 $443 $85 $910 $2,211 2501.2% 143.0%
($209) ($201) ($383) ($418) ($781) 103.9% 86.8%
$319 $242 ($298) $492 $1,430 579.9% 190.7%
-
($161)
-
($61)
($24)
$18
($26)
($300)
($20)
$91
-16.7%
405.6%
-23.1%
130.3%
$158 $181 ($304) $166 $1,501 593.8% 804.2%
-
($2,450)
-
-
($2,094)
-
-
-
-
-
$314
-
($772)
$1,727
($1,468)
($2,292) ($1,913) ($304) $480 $988 425.0% 105.8%

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22

Balance Sheet

Balance Sheet (A$000's)
Current assets
Cash and cash equivalents
Trade and other receivables
Inventories
Income tax receivable
Other assets
Total
Non-current assets
Investments
Property, plant and equipment
Right of use assets
Intangibles
Deferred tax assets
Security deposits
Total
Total assets
Current Liabilties
Trade and other payables
Provisions
Lease Liabilty
Deferred revenue
Total
Non-current liabilities
Other payables
Provisions
Lease Liabilty
Deferred Tax liabilty
Total
Total Liabilities
Net assets
FY20 H1 FY21
$2,323
$7,623
$3,826
$1,426
$64
$34
$1,700
$779
$1,928
$1,904
$9,841
$11,766
$2,686
-
$525
$537
$702
$512
$4,674
$18,244
$551
$949
$199
$199
$9,337
$20,441
$19,178
$32,207
$3,628
$5,476
$1,202
$1,152
$422
$457
$226
$194
$5,478
$7,279
-
$698
$192
$174
$311
$86
-
$1,143
$503
$2,101
$5,981
$9,380
$13,197
$22,827
$9,841 $11,766
$2,686
$525
$702
$4,674
$551
$199
-
$537
$512
$18,244
$949
$199
$9,337 $20,441
$19,178 $32,207
$3,628
$1,202
$422
$226
$5,476
$1,152
$457
$194
$5,478 $7,279
-
$192
$311
-
$698
$174
$86
$1,143
$503 $2,101
$5,981 $9,380
$13,197 $22,827

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23

Share Registry

Top holders as of 22 February 2021

Rank Name Units % Units
1 LUJETA PTY LTD 110,573,181 18.53
2 ARROTEX INVESTMENTS HOLDING 1 PTY LTD 60,000,000 10.05
3 NATIONAL NOMINEES LIMITED 34,583,841 5.80
4 MERSAULT PTY LTD 26,766,667 4.49
5 BENKI PTY LTD 19,655,748 3.29
6 MR DAVID GERALD MANUEL + MS ANNE ELIZABETH LEARY 18,666,667 3.13
7 LYELL PTY LTD 17,388,974 2.91
8 MILBURN PTY LTD 15,988,641 2.68
9 GINGA PTY LTD 14,414,488 2.42
10 MRS PENELOPE KING 13,333,334 2.23
11 LINK ENTERPRISES (INTERNATIONAL) PTY LTD 13,090,345 2.19
12 MR GRANT POVEY 12,000,000 2.01
12 SEVENIRON PTY LTD 12,000,000 2.01
14 LYELL PTY LTD 10,666,666 1.79
15 SANDHURST TRUSTEES LTD 9,761,905 1.64
16 CANCELER PTY LTD 9,600,000 1.61
17 MR DAVID GERALD MANUEL + MS ANNE ELIZABETH LEARY 8,000,000 1.34
17 MR TYSON WELLMAN 8,000,000 1.34
19 GABODI PTY LIMITED 7,197,334 1.21
20 MR JOHN LAGANA 6,800,586 1.14
Totals: Top 20 holders of FULLY PAID ORDINARY (Total) 428,488,377 71.80
Total Remaining Holders Balance 168,268,412 28.20

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24

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Corum Group Limited

Contact: [email protected]