Slides
Page 1
Q1 2025 Earnings Presentation May 8, 2025
Page 2
P 2 Forward-Looking Statements & Legal Disclaimers This presentation and the accompanying oral commentary may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are predictions and subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Forward -looking statements may be identified by words such as “anticipate,” “expect,” “intend,” “could,” “ would,” “may,” “will,” “believe,” “continue,” “estimate,” “look forward,” “forecast,” “goal,” “target,” “project,” “outlook,” “guidance,” “future,” and similar words or expressions, as well as by discussions of future events or results. Forward -looking statements include, but are not limited to, expectations regarding regu latory approvals; physician acceptance, endorsement, and use of our products; the realization of anticipated benefits from product approvals; the impact of regulatory actions; product liability risks; risks associated with international operations and expansion; and other external factors including economic, industry, and political conditions beyond the Company’s control. These statements are made as of the date of this presentation, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. For additional information and further discussion of these and other risks and uncerta inties, please refer to the “Risk Factors” section of the Company’s most recent Annual Report on Form 10 -K and other filings with the Securities and Exchange Commission. AVITA Medical’s products are Rx only. Please reference the Instructions for Use for more information on indications, contrain dications, warnings, precautions and adverse events. In the United States, RECELL® is approved for use in the treatment of thermal burn wounds and full -thickness skin defects. Use of RECELL in other patient populations is either prohibited by United States law or may be made available pursuant to a relevant investigational device exe mption granted by the FDA (and likewise limited by United States law to investigational use only). 2024.Q4 v9
Page 3
2023 BURN & TRAUMA, SINGLE -PRODUCT $1.3B TAM (U.S.) 2019 BURN -O N LY, SINGLE -PRODUCT $455M TAM (U.S.) FROM A $455M U.S. BURN MARKET to a $3.5B+ Acute Wound Care Opportunity 2025 BURN & TRAUMA, MULTI -PRODUCT $3.5B TAM (U.S.) Scaling TAM through Portfolio Expansion and Efficient Execution 1 Multi -Product Strategy Enables Case -Level Revenue Growth 2 Positioned for Leadership in $3.5B+ U.S. Market3 Long-Term BURN & TRAUMA, M U LTI-PRODUCT >$3.5B TAM P 3 * Total Addressable Market (“TAM”). U.S. market size derived from third -party claims reports and internal analysis based on skin graft CPT codes tied to diagnosis code of specified wound types. Estimates are subject to change based on procedure trends, product adoption, and payer dynamics.
Page 4
P 4 COMPATIBLE SOLUTIONS Revenue Per Case Potential Across Our Acute Wound Portfolio (1) RECELL plus a meshed split -thickness skin graft. (2) FDA granted 510(k) clearance for Cohealyx on December 19, 2024. (3) Typical course of treatment for a 10% to 20% total body surface area wound; estimates only. RECELL 1 Epidermal replacement Cohealyx2 Dermal matrix PermeaDerm Dressing Two-Stage Procedure: Full -Thickness Wound TBSA: 10% to 20% Potential Revenue Per Case 3 Our TAM expands from $450 million to $1.5 billion in burn market alone $2,000 – $4,000 $6,500 – $13,000 ~ $28,500 – $57 ,000 $20,000 – $40,000
Page 5
$10 $22 $29 $34 $50 $64 120% 32% 17% 47% 28% 61%† $0 $20 $40 $60 $80 $100 $120 2019* 2020* 2021* 2022 2023 2024 2025F† Commercial Revenue ($ in millions) Annual Global Revenue $100-$106 +47% CAGR‡ HISTORICAL ANNUAL REVENUE Sustained Revenue Growth and Strong CAGR ‡ Estimated compound annual growth rate (CAGR) through December 30, 2025, assuming the midpoint of commercial revenue guidance for FY2025. * The fiscal year for AVITA Medical previously ended on June 30. Denotes annualized global revenue for the impacted years. † Represents the midpoint of commercial revenue guidance for FY 2025. P 5