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USCOM LIMITED — Investor Presentation 2009
Sep 16, 2009
65979_rns_2009-09-16_8fe50190-fbb5-45c2-874e-1f2ab81baaf4.pdf
Investor Presentation
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USCOM (ASX: UCM) Broker Briefings SEPTEMBER 2009
www.uscom.com.au
The Measure of Life
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USCOM – Summary
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Medical device Company with emerging “gold standard”
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heart monitor with multiple clinical applications
• 70% revenue growth last fin. year, cash flow break even in Q4 2009, and ready to rapidly grow sales through our US based global partner
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Further growth opportunities with development of
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additional markets and products
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GFC impact on end user hospital demand is uncertain,
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but early indications are for strong take-up
www.uscom.com.au
The Measure of Life
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Business Milestones
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Jan 2007 – Paul Butler appointed CEO, Daniel Fah appointed
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CFO, and Nick Schicht appointed General Manager
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New executive team proposed and implemented
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restructuring of business and new strategic US objectives • Operational restructure - cost reduced from $5.2m (FY07) to $3.1m (FY 09)
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Global marketing strategy - US focused marketing alliance
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July 2007 - CEO relocated to USA
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Dec 2008 - Agreement signed with Spacelabs Healthcare Inc.
www.uscom.com.au
The Measure of Life
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Strategic Partnership
Spacelabs Healthcare Developer, manufacturer and distributor of medical equipment and services:
- Spacelabs has exclusive distribution of the USCOM 1A in the Americas, Europe, Middle East, Africa, India, Australia (Medtel) for the in hospital market
OSI Systems Inc. (Parent of Spacelabs Healthcare .) Revenues $623m (FY09), Cap US$363m (FY09) Equity
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$600,000 ($0.30 per share) for 5% of Uscom Ltd
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Option to purchase additional 2m shares at $0.375
www.uscom.com.au
The Measure of Life
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USCOM – Applications
Current applications – In Hospital market
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Sepsis
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Post cardiac surgery
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Nurse led CO measurement
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Anesthesia monitoring
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ED trauma resuscitation
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Liver transplantation
Unpartnered applications - New Markets
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Electrophysiology –potential partners such as Guidant, Medtronic or Saint Jude Medical
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• Heart failure
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Hypertension
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Drug/Medical research
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Organ procurement
www.uscom.com.au
The Measure of Life
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USCOM – Investment
SPP
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Offer to existing shareholders to purchase up to $15,000 worth of shares at $0.63
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Looking to raise up to $1.26M
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As at 30 June 2009 Uscom had cash reserves of $1.9M
Use of Funds
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Increase our capability to support our global distribution partners
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Spacelabs Healthcare in North America, Latin America, Europe, Australia, Middle East and Africa
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Pacific Medical Systems in Asia
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o LEA Medizintechnik in Germany and Turkey o Develop partnership opportunities in Japan
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Develop market opportunity in;
o Electrophysiology sector o Heart failure o Hypertension
- Additional working capital
www.uscom.com.au
The Measure of Life
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Key Financial Achievements
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$1,613k
$ -599
www.uscom.com.au The Measure of Life
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www.uscom.com.au
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Key Financial Achievements
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The Measure of Life
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Key Financial Achievements
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www.uscom.com.au The Measure of Life
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Primary product – USCOM 1A
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www.uscom.com.au
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The Measure of Life
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USCOM – Standard of Care
Fluid - “The change in SV with PLR was the only haemodynamic index with significant predictive ability” 91% +ve predictive value. Critical Care 2009;13:R111
ICU/PAC – “ USCOM.. may safely replace PAC in many clinical situations that call for advanced hemodynamic monitoring.” Am J Surgery 2008:196(Dec);961-968
Pediatric Sepsis – “Subsequent haemodynamic support directed to goals of …… cardiac index of 3.3-6.6l/min/m[2] ” Crit Care Med 2009;37:666-688
Organ Procurement– 15% increase in organs for transplantation using USCOM optimisation compared to BP and CVP. Chest 2008; 134(Abst): s21003
Liver Transplantation - Editorial questioning the use of PAC after publication of studies suggesting replacement by USCOM in Liver Transplantation. Liver Transpl 2008;14:917-918
Pacemakers- “USCOM device operated by trained nurse can provide a simple, accurate, and fast non- invasive method for the AVI optimization in CRT.” PACE 2007 30;1: 50–55.
www.uscom.com.au
The Measure of Life
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Emerging standard of care
135 peer reviewed publications and presentations 17 Papers and 29 articles, abstracts and posters FY09
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Emergency, Pediatrics, Cardiac transplantation, Electrophysiology, Heart Failure, Emergency transport, Anesthesia, Liver transplantation, ICU, Septic shock, Pre-eclampsia, Pulmonary hypertension, Nurse outreach, Organ procurement, Haemodialysis, Neonates, infants, Children etc……..
www.uscom.com.au
The Measure of Life
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IP - Adding value
USCOM has significant value in patent protected IP
24 patent applications 18 granted patents 11 different applications 2 new US patents since June 2008 Peter Treloar, Patent Attorney, Uscom Patent Report Building a product pipeline….
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www.uscom.com.au
The Measure of Life
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Share price 09
| Spacelabs partnership | Spacelabs partnership | |||||
|---|---|---|---|---|---|---|
| FY | Share Price | Revenue | Cap value | |||
| 2008 | 0.18 | $0.984m | $6.84m | |||
| 2009 | 0.77 | $1.630m | $30.8m | |||
| www.uscom.com.au | The Measure of Life |
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Market Performance
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PWC BioForum Ed. 29 Q4 FY2009 www.uscom.com.au The Measure of Life
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Equity Structure
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|---|---|
|Listed:|Dec 2003 (ASX Code: UCM)|
|Total Issued shares:|40,000,000|
|SPP Maximum issue:|2,000,000|
|Top 5 shareholders:|70% of shares|
|ROBERT ALLAN PHILLIPS|16,590,000|
|GARY DESMOND DAVEY|6,000,000|
|BELL POTTER NOMINEES LTD |2,124,836|
|OSI SYSTEMS|2,000,000|
|DRP CARTONS (NSW) PTY LTD |1,248,730|
|www.uscom.com.au|The Measure of Life|
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USCOM – Summary
-
Medical device Company with emerging “gold standard”
-
heart monitor with multiple clinical applications
• 70% revenue growth last fin. year, cash flow break even in Q4 2009, and ready to rapidly grow sales through our US based global partner
-
Further growth opportunities with development of
-
additional markets and products
-
GFC impact on end user hospital demand is uncertain,
-
but early indications are for strong take-up
www.uscom.com.au
The Measure of Life
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www.uscom.com.au The Measure of Life