TRUSCREEN GROUP LIMITED logo

Presentation to Annual Meeting of Shareholders

AGM27 August 2019TRUIndustrials

CEO
AGM Presentation

August 2019

To provide primary
screening for cervical

cancer in developing

nations via the

TruScreen device –the

latest single-visit, real

time screening

technology solution.

TRUSCREEN’S MISSION

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TruScreenAugust 2019 CEO Presentation

At the Start of the year we set
our key business priorities as

Increase sales

of TruScreen

Enhance our

distribution

networks

Expand

manufacturing

capability

Export low

technology

manufacturing

to key market

Submit and

gain adoption

in selected

international

government

screening

programmes

Continue to be

assessed and

endorsed by

key opinion

leaders and

government

policy setters

FY19 PRIORITIES, RESULTS & BUSINESS HIGHLIGHTS

TruScreenAugust 2019 CEO Presentation3

FY19 PRIORITIES, RESULTS & BUSINESS HIGHLIGHTS
TruScreenAugust 2019 CEO Presentation4

-Sales up 132% to NZ $1.9m

-Total Revenue up 43% to

NZ$3.11m

-New Distribution agreements in

Russia, Zimbabwe, Saudi, Israel,

Sri Lanka

-China Pilot Studies

-Continued work with aid

organisations in East Africa

-WHO Recognition to increase

access to international programs

and funding organisations

-Pilot in-house manufacturing

facility established

-Investigating overseas

assembly/manufacturing

-Successful Capital Raise Oct

2018

-New NED Con Hickey appointed

Aug 2018

-New Chairman Appointed Sept

2018

-New Chief Financial Officer

Appointed Nov 2018

-Migrated from NZAX to NZX

Main Board Dec 2018

FY19 Results and Highlights:

CONTINUE ON OUR STRATEGY
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Drive Sales and

Growth from

Geographic

Footprint

Strategic

Partnerships

and

Relationships

Manufacturing

Capabilities

-Underpinned

by Research and

Development

People and

Capability

Building our internationally approved device, experiencing sales momentum in key markets through a global distribution

model

87% of deaths from cervical cancer occur in low and middle

income nations

There is limited lab infrastructure and diagnostic technicians

TruScreenmeets the market demand

TruScreenAugust 2019 CEO Presentation

THE OPPORTUNITY
AFRICA

226M

MEXICO

31M

LATIN

AMERICA

120M

RUSSIA

44M

CHINA

401M

Screening age population -solution for cervical cancer screening needed

Ref: Based on U.S Central Intelligence Agency (CIA) World Factbook

MIDDLE

EAST

70M

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TruScreenAugust 2019 CEO Presentation

INDIA

302M

THE OPPORTUNITY
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Screening

Population

(x1M)

Target Market

Share

No. of

Women

(x 1M)

Screen

Annually

(x 1M)

NZD $1M

China4018%32.0810.6986.49

Mexico316%1.860.626.38

Russia446%2.640.8810.35

Africa2262%4.521.5122.16

India 3023%9.063.0231.09

Mid East702%1.400.475.49

Latam1201%1.200.404.71

Total119452.7617.59166.67

NZD : USD0.68

TruScreen’s addressable market is NZD $166m

Fourth most

common cancer

worldwide

1BN+ women of

screening age in

low and middle

income

countries

87% of deaths

occur in low and

middle income

nations

TruScreenAugust 2019 CEO Presentation

COMMERCIAL STRATEGY
•Lacking lab infrastructure

•High prevalence ofHPV &

cervical cancer

•Governments investing in

women’s health

•Market need for portable

real time accurate screening

technology

Build Awareness

•Key Opinion Leaders

engagement

•Social Media

•Medical conferences​

•Clinical trials/studies

Strong Sales Momentum

•Total Sales FY19 > 190

Devices

•Annuity revenue with SUS

orders> 150,000 SUS units

Global Distribution

•31 countries

•Pilot public healthinitiatives

Research and Development

•2

nd

generation device

TARGETING LOW/MIDDLE

INCOME COUNTRIES

MARKET ENTRY &

DEVELOPMENT

SUCCESS TO DATE

Expand Distribution ​

•Local distributorstrategy

•Public health initiatives

•Partnerships with Non-

Government Organisations and

Government agencies

Technology transfer to key

markets

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TruScreenAugust 2019 CEO Presentation

SALES DATA-FY2019
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COMMERCIALISED IN MULTIPLE MARKETSSALES FOCUS

Commercial stage cervical cancer screening technology

•Key Focus is on China (400m women of screening

age)

•Use AIIMS report to open Govt sales in India

•Continue to support current second tier markets –

Russia, South East Asia and Vietnam, Mexico and

Middle East

•Continue to work with aid organisations in East Africa

•Receiving recognition from key NGO’s: UNITAID, the

World Health Organisation and Clinton Health Access

Initiative

TruScreenAugust 2019 CEO Presentation

SALES DATA-FY2019
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ACCELERATING SALES OF DISPOSABLE SUS

ACCELERATING SALES GROWTH

TruScreen(Units) SUS Growth

TruScreenAugust 2019 CEO Presentation

World’s biggest
cervical cancer market

(Screening age population: 400M)

52% of TruScreen sales

Initial distribution agreement

signed 2014

KEY MARKET: CHINA

Screening Programs

•Various programs run by Central, State and Municipal governments, plus charities and major

state owned enterprises (e.g. Sinopec)

Market Presence

•COGA (Chinese Obstetricians & Gynaecologists Association) –screen 20,000 women in

public hospitals. Commenced Nov 2018, 52 Hospitals installed, completion in 2020

•Western China target 190 hospitals

•Hospital target usage of SUS: 150/m, with some using 1,000/m

Pipeline

•KOL support from COGA

•CDC program: Target is adoption in 3,000 women and children’s hospitals

•COGA program: Target to Open up 200 public hospitals in 2019

•West China: Target 90 devices in 2019 and another 100 in 2020 for government screening

program -up to 2M women every two years

•Target Installation in 50 ‘Breast and Cervical Cancer Centres’ in rural areas in 2019

commencing with Xinjian province in the far west

•‘Medical Checkup’ centres-target at least 50 in 2019, and then expand

FACTS

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TruScreenAugust 2019 CEO Presentation

KEY MARKET: LATIN AMERICA
Screening Programs

•Split between Central Govt and State Health Secretariats, public Insurance agencies (ISSTE and

IMES), armed forces and state owned monopolies –e.g. Pemex

•New central government is conducting an overhaul of the National Health administration and

TruScreen will adjust its plans to suit

Market Presence

•Installed in National Cancer Institute

•Installed in ‘Health Train’, ISSTE, Pemex and state-owned hospitals

Pipeline

•Central and State Government Health Secretariats

•National health insurer, ISSSTE -500,000 pap tests p.a. (installed in 4 ISSTE hospitals)

•National oil monopoly, PEMEX -60,000 pap tests p.a. (installed in 2 Pemex hospitals)

•Private lab and clinic chains

Mexico

31Mwomen of screening age

8% of TruScreen sales

Initial distribution agreement

signed 2015

FACTS

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TruScreenAugust 2019 CEO Presentation

KEY MARKET: RUSSIA
Screening Programs

•No central government screening programs

•State and municipal governments conduct ad hoc programs

Market Presence

•Distribution agreement with IMSystemswith initial orders in Feb 2019

•Advanced payment of USD $250k for multiple TruScreenDevices and Single Use Sensors

(SUS)

•IMSystemshas extensive expertise in the distribution of medical equipment and devices in

Russia and partnerships with global brands and manufacturers, including GE Healthcare.

Pipeline

•Evaluated by ROSZDRAVNADZOR (Russia FDA)

•Major target is State Government Health Systems, starting with St Petersburg

•Private clinics and hospitals

44Mwomen of screening age

20% of TruScreen sales

Original agreement in 2015

New agreement distribution

agreement signed in Feb 2019

FACTS

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TruScreenAugust 2019 CEO Presentation

KEY MARKET: INDIAN SUBCONTINENT
Screening Programs

•Split between Central Govt and State Health agencies and govt institutions –Armed Forces,

State Rail et al.

•Central government has mandated that all women over 25 be screened for breast and cervical

cancer

Market Presence

•Engaged major distributor (KLAB) –700 employees

•Commenced marketing in three regions

Central –Delhi NCR, Madhya Pradesh, Haryana, Teleganaand Maharashtra

North East -Manipur and Assam

South –Tamil Nadu

Pipeline

•All India Institute of Medical Science (AIIMS)

•Central and state governments (aim for inclusion in the 2020 National Ministry of Health

Budget)

•Armed Forces Hospitals and Armed Forces Medical Research Centre

•Major Private Hospital Groups (e.gFortis, Apollo)

•Tenders for State Screening Programs

India

300Mwomen of screening age

Initial distribution agreement

signed 2017

Sales commenced in FY18

FACTS

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TruScreenAugust 2019 CEO Presentation

KEY MARKET: AFRICA
Screening Programs

•Step 1: National Aids Council (NAC) of Zimbabwe

•Step 2: Use this for both government and NGO support for other projects in East Africa –

Malawi and Mozambique submission being prepared

•Collaborating with DYSIS Medical and WISAP Medical Technology GmbH

Market Presence

•TruScreen selected by Zimbabwe NAC program for more than 800,000 HIV-affected women

•Ministry of Health supported aid grant application to use TruScreen for a national screening

program

Pipeline

•Evaluated by National Aids Council of Zimbabwe

•Target East and Southern African countries with high HIV prevalence

FACTS

227M women of screening age

13.1Mwomen suffer from HIV

Zimbabwe 7% of TruScreen sales

HIV+ women up tox5 increased

risk of developing cervical cancer

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TruScreenAugust 2019 CEO Presentation

KEY MARKET: SOUTH EAST ASIA
Screening Programs

•Government Hospitals, Private Hospitals and Government programs.

•No organised Screening

Market Presence

•Distributor Appointed

•Several medical expert delegations conducted

•Presented to Key Opinion Leaders and MOH administration

•Evaluated by Appraisal Committee of MOH

Pipeline

•Hanoi O & G Hospital to conduct pilot programme

•Stage 1: 1000 patients

•Stage 2: 5000 patients

•Target: TruScreenadopted as a national screening programme

Vietnam

26Mwomen of screening age

Initial distribution agreement

signed 2016

Pilot Programme Commenced in

August 2019

FACTS

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TruScreenAugust 2019 CEO Presentation

Current Capacity
•Established in-house EOA (Electrical Optical Assembly)

manufacturing facility at CSIRO

•Increased capacity: Expandable to 200 units/month

•Can be doubled in short time to meet demand

•R&D tax offset

Future Capacity

•improvement in gross profit per device

•Cost reduction initiatives:

•Bring high tech processes in-house

•Technology transfer to key markets –‘local device’ for

domestic registration

MANUFACTURING

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TruScreenAugust 2019 CEO Presentation

Strategic Partnerships
& Relationships

•Endorsement from Key

Opinion Leaders

•Government public

health adoption

•Major screening

programmes

•Build NGO funding

support for TruScreen

programmes

•Enhance distribution

networks and key

partnerships

Manufacturing

Capabilities

•Expand capacity

•Lower cost

•Potential overseas

assembly -but key IP

processes retained by

TRU

•Underpinned by

Research and

Development Ongoing

product improvement

•Ongoing product

improvement

•SUS Counterfeit

prevention

Build on Revenue

Streams

•Drive Sales and growth

from geographic

footprint

•Sustainable Recurring

Revenue Stream

•Transition early adopters

to commercial users

•Further regulatory

approvals and clinical

trials

People & Capability

•Social media marketing

campaign to raise

awareness and position

of Executives as Thought

Leaders

•List on Australian Stock

Exchange

•Investment in skilful

people

•Investigating further

cost-reduction strategies

PLANNING FOR GROWTH

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TruScreenAugust 2019 CEO Presentation

FY18 Goals and Strategic Progress
Tony HoMartin DillonGuy Robertson

ChairmanChief Executive OfficerChief Financial Officer

tonyho@truscreen.commartindillon@truscreen.comguyrobertson@truscreen.com

Investor relations enquiries: truscreen@we-buchan.com

CONTACT

www.TruScreen.com

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Disclaimers
This presentation should be viewed in conjunction with TruScreen’s Financial Statements for the 12 months to 31 March 2019 and the accompanying NZX release.

The information presented is a snapshot and does not contain supporting information necessary to make an investment decision.It is not intended to act as a

recommendation to acquire TruScreen shares. There can be no assurancethatactual outcomes will notmaterially differ from the forward looking statements presented.

A number of important factors could cause actual results or performanceto differ materiallyfromtheforward-looking statements.Theforward-looking statements are

based on information available toTruScreen as at thedateof this presentation. Except as requiredby law (including the NZAX ListingRules), TruScreen undertakes no

obligation to provide any additional orupdatedinformation whether asa result of new information, future events or results or otherwise. TruScreen, its advisers,

affiliates,related bodiescorporate, directors, officers,partners, employees and agents make no representation or warranty, express or implied, as to thecurrency, accuracy,

reliabilityor completeness ofinformation in this presentation.

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Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.