QHR Technologies Inc. TSXV: QHR

Transcription

1 QHR Technologies Inc. TSXV: QHR

2 Disclaimer This presentation has been prepared by QHR Technologies Inc. using its best efforts to realistically and factually present the information contained. However, subjective opinion, dependence upon factors outside QHR Technologies Inc. s control and outside information sources unavoidably dictate that QHR Technologies Inc. can not warrant the information contained to be exhaustive, complete or sufficient. In addition, many factors can affect our business plan which could significantly alter the results intended by QHR Technologies Inc., rendering the business plan unattainable or substantially altered. Therefore, interested users should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions. This business plan and presentation do not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to the success of QHR Technologies Inc. s proposed ventures. 2

3 Investment Highlights High Growth and High Margin: Revenue CAGR of 30% over last 4 years; high growth rate expected to continue; EBITDA margin approx. 25% Recurring Revenue: Over 60% recurring revenue & 95% customer retention rate Market Leader in EMS: Full service offering (payroll, HR, staff scheduling & financials) is one of the leading software offerings which has resulted in significant RFP wins Market Leader in EMR: One of Canada s largest Electronic Medical Records (EMR) platforms; Utilized by over 2,000 physicians with 1,000 additional physicians on legacy billing systems Resistant to Economic Downturns: Healthcare industry standard of care is maintained Highly Experienced Management Team Proven Consolidator: Ability to execute on accretive acquisitions Attractively valued compared to peers 3

4 Corporate Share Structure Shares Issued 28,053,259 Common Shares $9,851,745 Paid in Capital Directors, Officers, Employees & Family Approx. 10M or 35% of Common Shares Options Number Exercise Price Expiry Date 1,400,000 $0.25 Jul 31, 2013 Warrants Number 2,000,000 Exercise Price $0.60 (1 st Year) $0.70 (2 nd Year) Expiry Date June 30, 2011

5 About QHR QHR Technologies Inc. (QHR) is a publicly traded Canadian company specializing in software designed to improve the efficiency of professionals in healthcare and other markets. The company currently offers an integrated Enterprise Management Solution (EMS) and an Electronic Medical Records (EMR) solution. EMS Division: Develops and delivers integrated human resource management, payroll, staff scheduling and financial software systems for the healthcare and social services sector EMR Division: Provides electronic medical records applications for physicians medical offices 6

6 Corporate Structure QHR Technologies Inc. (QHR) Corporate Operations QHR Software Inc. Quadrant HR TM HR, Payroll, Staff Scheduling, Financials Optimed Software Corporation Accuro TM Clinic & Physician Software Cloudwerx Corp. Data Hosting Service EMS division EMR division

7 Management & Directors Al Hildebrant President & CEO Started New Horizon Technologies in June 1997 which became QHR Software Inc. in June 2000 through a public offering Started Total Care Technologies in 1991, a healthcare staff scheduling software vendor (now Kronos) Charles LaFlèche Executive VP of Business Development Founded Momentum Healthware Inc. in 1995 which became a Microsoft Gold business partner Director of QHR since November 2006 Larry Smith COO QHR Software Former COO of Total Care Technologies and former President of Vadim Systems Tom Mamic, CA CFO Former President and CEO of Agrisoma Biosciences Systems Experience in a variety of managerial roles for both private and public technology companies Fred Chapman General Manager Optimed Software Served in various roles at Clinicare from including his most recent position as COO Chairman of the Board: Douglas Blakeway Directors: Al Hildebrandt, Charles LaFlèche, Robert McGowan, Dr. Ernest Wigmore, Ian MacPherson, Dr. Tom Kinahan, Victoria Withers 5

8 Revenue & EBITDA Growth QHR Revenue QHR EBITDA 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000, Months Ended 9/30/ Months Ended 9/30/2009 Recurring Revenue 2,250,000 3,000,000 3,800,000 4,800,000 2,966,512 4,987,932 Annual Revenue 4,228,705 4,721,439 5,893,650 6,521,364 4,480,366 9,980,328 2,500,000 2,000,000 1,500,000 1,000, , ,000-1,000, Months 9 Months Ended Ended 9/30/2008 9/30/2009 Annual EBITDA -580, , , , ,940 2,200,368

9 Quarterly Revenue & Earnings 4,000,000 QHR Technologies Jul 1/06-Sep 30/09 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , ,000 Q3 '06 Q4 '06 Q1 '07 Q2 '07 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q4 '08 Q1 '09 Q2 '09 Q3 '09 Revenues 1,503,97 1,340,90 1,289,95 1,321,81 1,509,81 1,772,10 1,671,43 1,515,67 1,293,2 2,042,0 3,446,60 3,234,23 3,298,49 Proft (Loss) 227,065 16,434 17,563 21,233 60, , ,988 11, , , , , ,605 9

10 Recurring Revenue Recurring Revenue 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, A 2006A 2007A 2008A 2009E 2010E Recurring 2,250,000 3,000,000 3,800,000 4,800,000 7,200,000 12,500,000 10

11 EMS Division Workforce Suite

12 Competition Workforce Suite *includes Staff Scheduling

13 EMS Division Quadrant Financials

14 Competition Financials Suite

15 Market Footprint Clients by Healthcare Sector

16 EMR Division QHR s EMR Division Clinic Software and Service Recurring Revenue model

17 EMR Division Optimed Software Corp. Total of over 62,000 physicians in Canada Only approved EMR vendor in Saskatchewan and one of only 4 approved vendors in Manitoba 900 physicians on Optimed s Accuro EMR (31% increase from 2008) Fully Functional & Integrated Well suited for specialists #1 ranked national EMR vendor according to Canadian EMR ( Clinicare Acquisition: Has brought total physicians supported by QHR s EMR system (Optimed) to over 3,000 with over 2,000 utilizing EMR Recurring EMR division revenue incl. Clinicare will be in excess of $6 mil. per year (total consolidated QHR 2010 recurring revenue will be over $12 mil.) Approved in Ontario (1 of 6) and Manitoba (1 of 4)

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19 EMR Market: BC, AB, SK, MB, ON Physicians BC 9,600 AB 6,800 SK 1,750 18,150 MB 2,300 ON 23,683 25,983 ===== 44,133

20 EMR Division Highlights Acquisition of Clinicare makes QHR s Optimed one of the most widely used EMR platforms by physicians in Canada Recurring revenue of over $6 mil. per year (incl. Clinicare) Manitoba Health announced Optimed as 1 st Approved vendor Manitoba Market now open to Optimed; 2,300 doctors Saskatchewan SMA announced Optimed as 1 st Approved & only vendor 760 doctors of 1,400 potential already supported by Optimed Calgary Scientific Inc. partnership for Optimed s Accuro EMR Product Provides DI Image and report access via the Web and iphone Exclusive on Sask, Manitoba & Quebec; Partnered in Alberta Clinicvault merging with SEBO hosting systems to form Cloudwerx QHR s EMR platform is highly transferable to the U.S. market

21 Contact Al Hildebrandt President & CEO Phone: (250) Cell: (250)

22 APPENDIX

23 Acquisition History #1 Whidden Systems (Mar 2003) DOS based payroll for 10,000 employees in NS and PEI $400k/year revenues, 6 employees Purchased for $250k over 2 years #2 Accuro EMR product (Apr 2004) Purchased SW Asset from Optimedirect Corp (Dr. Tom Kinahan) $550k / 4 months Foundation EMR product for Optimed 5 of 7 staff still with Optimed 69 physician clients (65 still with Optimed) #3 Medsoft Billing SW rights in Sask (Jun 2006) 488 doctors generating $23k/year Paid founder $125k over 3 ½ years #4 Medicentre EMR product (formerly Rave) purchased from iqmedix (Oct 2006) in Sask $250k cash 1 support staff (still with Optimed) #5 Exan DOS based Billing system in BC (my original Medical experience company) Announced as 150 doctors but in reality less than 40 doctors, mostly GP s Paid $55k, no staff #6 National Medical (Aug 2007) Purchased company, EMR software and 450 physicians clients in Alberta Announced by Wolf as acquisition on Feb 6/07, but that one fell apart by Jun 20/07 By that time, all staff but 4 where gone (2 staff today) Paid 2M shares ($600k) #7 Clinicvault Inc. (Sep 2008) EMR Hosting operations for 5 EMR products, 5 staff (4 staff today) Paid $600k in debt assumption & shares #8 Momentum Financial product (Jan 2009) Paid $5M + $1.7M debt assumption Strong Microsoft alliances 30% of clientbase already overlapped Overlap in $25M LTC Ontario Market & RFP s 7 staff, Winnipeg office (now 10) #9 Cloudwerx Data Solutions (July 2009) Purchased SEBO data centre assets and clientbase $455,000 (700,000 QHR $0.65) 5 staff, Calgary office #10 Clinicare Corporation (Dec 2009) Paid $5.3M including $1.8M debt assumption 1,450 doctors, 26 year old EMR pioneer Inherited 35 staff, Calgary office (now 27)

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