company profile 2012 - opto circuits1. anesthesia devices – a global market overview, industry...
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Company Profile 2012
This presentation may contain forward-looking statements based on the currently held beliefs and assumptions of our management, which are expressed in good faith and in their opinion reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, financial condition or performance or industry results to differ materially from the results, financial condition or performance expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. We disclaim any obligation to update this presentation to reflect future events or developments.
Disclaimer Opto Circuits (India) Ltd.
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Company Overview Opto Circuits (India) Ltd.
Established in 1992, headquartered in Bengaluru, Karnataka, India, presence in an evolving knowledge intensive medical technology industry Develops, manufactures and markets medical equipment and consumables (non invasive) and interventional devices (invasive) Leader in cardiac and vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies 193 patents and 108 pending patent applications USFDA listed and CE marked products Markets – more than 100 countries; predominant in North America, Europe and BRIC
200 Best under a Billion
(2008, 2009, 2011)
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Our Product Portfolio Opto Circuits (India) Ltd.
Medical Equipment
• Patient monitors
– Oximeters, vital signs, cardiology, respiratory and anesthesia care
• Defibrillation (AEDs)
• PAD Diagnostics
• Consumables
Interventional Devices
• Cardiac
– Bare metal stents
– Coated stents and balloons
• Peripheral coated balloons
• Replacement implants
• Catheters
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Opto Circuits (India) Ltd.
Quinton®
Burdick®
Powerheart®
Pyramis®
HeartCentrix®
CareCenter MD™
MySense Heart ®
nCompass®
nGenuity®
eTraq™
eQuality™
eVision™
PoetIQ®
MediChek®
Revo
Dior®
Magical®
Genius Magic®
Genius Taxcor®
Genius Megaflex ®
Freeway®
Joker ®
Amadeus Supercross®
eMagic™
eFlex™
Our Product Brands
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Opto Circuits (India) Ltd. Our Target Customers
Emergency Svc; Hospitals
Primary Care Physicians
Specialty Practices
Surgery Centres
Catheterization Labs
Cardiac Rehabilitation
Veterinary Facilities
Community Centres
Government Centres &
Offices
Schools & Athletics
Nursing Homes; Clinics;
Offices
Military & Veteran Clinics
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Opto Circuits (India) Ltd. OEM Portfolio
Reusable and Disposable sensors
(Consumables)
Water Traps for Gas
Benches (Consumables)
9100 CO2 Module (Anesthesia module)
We started in 1992 as OEM suppliers for pulse oximetry sensors.
Today, we white-label many consumables, chief of which are:
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Opto Circuits (India) Ltd. Facilities
R&D:
USA: Wisconsin
Washington
California
Germany: Bonn
India: Bengaluru
Manufacturing:
USA: Wisconsin
- Deerfield
- Waukesha
Rhode Island
India: Bengaluru
Chennai
Vizag
Kolkata
Parwanoo
Malaysia: Johor
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Vital Signs Monitoring
Portable Multi-Parameter Monitor
Opto Circuits (India) Ltd.
Single-Parameter Monitor
Multi-Parameter Modular Monitor
1. The Future of the Patient Monitoring Market to 2015,Global Markets, September 2009 2. The Associated Chambers of Commerce and Industry of India, Paper on Healthcare Services, March 2010
Current Global value: $7Bn
2015: $8Bn+
CAGR: 3% Growth Drivers: • Technological advances • Aging population • Infrastructure in emerging markets
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Anesthesia Monitoring Opto Circuits (India) Ltd.
1. Anesthesia Devices – A Global Market Overview, Industry Experts, May 2010
Multi-Parameter Monitor with Gas Bench
Anesthesia module
Current Global value: $4.8Bn
2016: $7.3Bn+
CAGR: 7%
Growth Drivers: • Growing safety awareness • Technology enhancements • Government regulation
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Peripheral Vascular Equipment Opto Circuits (India) Ltd.
PAD Diagnosis Monitor
PAD Diagnosis System
1. US Peripheral Vascular device Market, iData Research, May 2010 2. India PAD Statistics, The Sage Group, November 2009
Current Global Value: $180Mn
2016: $300Mn
CAGR: 8% Growth Drivers: • Peripheral Arterial Disease (PAD) awareness • New detection technologies
PAD Statistics • US: 10 mn with lower-limb PAD, <20% diagnosed by a
physician.1
• India: 20 mn PAD and critical limb ischemia are significantly underestimated.2
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External Defibrillation Market Opto Circuits (India) Ltd.
Current Global Value:$600 Mn1
2016: $842 Mn CAGR: 7%1
Growth Drivers: • Broadening awareness of the incidence of sudden cardiac
arrest • Increasing government legislation promoting or requiring
external defibrillator installation • Developing opportunity for emerging markets penetration
1. Frost & Sullivan, 2003, 2009 and company estimates
Automated and semi-automated External Defibrillators
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Cardiac Monitoring Devices Opto Circuits (India) Ltd.
ECG System
Current Global Value: $635 Mn1
2016: $754 Mn CAGR: 3.5% Growth Drivers: • Broadening global incidence of cardiac disease • Increasing acceptance of remote and continuous
monitoring technologies • Developing opportunity for emerging markets
penetration1
1. Frost & Sullivan, June 2008, 2010
Stress Testing Systems
Holter Monitoring Systems
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Stress Test & Diagnostic Workstation
Coronary Stent Market Opto Circuits (India) Ltd.
1 Global Coronary Stents Equipment Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016,Global Data, June 2010
Current Global Value: $5.4Bn1 2016: $6.5Bn CAGR: 2.5% Growth Drivers: • Dramatic rise in cardiovascular disease • Acceptance of minimally invasive procedures • Infrastructure expansion
Stainless Steel Drug-Eluting Stent
Cobalt Chromium Bare Metal Stent
Combination Device – Bare Metal Stent & Drug-Eluting Balloon
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Drug-Eluting Balloons (DEB) Opto Circuits (India) Ltd.
Drug-Eluting Balloon for Coronary use
Drug-Eluting Balloon for
Peripheral use
1. Company Estimates 2. Global Drug-eluting Balloons Pipeline Analysis, Opportunity Assessments and Market forecasts to 2016, Global Industry Analysts, Inc., April 2010
Current Global Value: ~$0.8Bn1
2016: $1.3 Bn CAGR: 7% • Germany is currently the largest market2
• India growth rate = 8.1%; Australia = 7.9%2
• DEB cost effectiveness vs. DES to drive growth2
Growth Drivers: • Minimally invasive alternative to bypass surgery • Reduction in cost and safer than DES • Aging population
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2010 2008 2007 2006 2001 2002 2004 2002
Monitoring Division
of Palco Labs, USA
Thermometer
Division
Unilever, India
N S Remedies
India
Devon & Ormed,
India
CSI, USA
Altron
Industries, India
Eurocor GMBH,
Germany
Advanced Micronic
Devices, India
Acquisitions
USA
Opto Circuits (India) Ltd.
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India
Consolidated Financial Summary Opto Circuits (India) Ltd.
Segment Mix (% to Sales)
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Note: Conversion rate of Rs. 50 to a US dollar has been considered for the above financials.
Year-ended USD Mn. USD Mn.
March 31st 2012 2011
Sales 471 317
EBITDA 126 95
PAT 114 73
Gross Profit/ Sales (%) 44% 45%
EBITDA/Sales(%) 27% 30%
PAT/Sales(%) 24% 23%
EPS (Rs.) 23.60 19.70
Dividend (%) 30 45
As on March 31st 2012 2011
Net Block 151 93
Net Worth 341 272
Net Debt 199 130
Net Current Assets 277 211
Chairman & Managing Director
Vinod Ramnani
Executive Director
Usha Ramnani
Promoter Directors
Jayesh Patel
Thomas Dietiker
Promoters and Shareholding
As on June 30, 2012
Opto Circuits (India) Ltd.
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# 83, Electronics City, Bengaluru - 560 100, Karnataka, India Phone : +91 80 28521040/ 41/ 42 | Fax : +91 80 2852 1094 E-Mail: [email protected] | Web: www.optocircuits.com
Opto Circuits (India) Ltd.