ASX: MYQ - CAPTURING ACCURATE BODY MEASUREMENTS FROM YOUR PHONE. MAY '19 - MYFIZIQ
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
ASX: MYQ Capturing accurate body measurements from your phone. May ‘19
Disclaimer
This presentation (“Presentation”) has been prepared by MyFiziq Pty Ltd (“MyFiziq” or “Company”). INVESTMENT RISK
You must read and accept the conditions in this notice before considering the information set out in An investment in MyFiziq shares is subject to known and unknown risks, some of which are beyond
or referred to in this Presentation. If you do not agree, accept or understand the terms on which this the control of MyFiziq. MyFiziq does not guarantee any particular rate of return or the performance
Presentation is supplied, or if you are subject to the laws of any jurisdiction in which it would be of MyFiziq nor does it guarantee any particular tax treatment. An investment in MyFiziq should be
unlawful to receive this Presentation or which requires compliance with obligations that have not considered as Highly Speculative and High Risk due to the start up nature of the Company and its
been complied with in respect of it, you must immediately return or destroy this Presentation and proposed business.
any other confidential information supplied to you by MyFiziq. By accepting this document, you
acknowledge and agree to the conditions in this notice and agree that you irrevocably release FINANCIAL DATA
MyFiziq from any claims you may have (presently or in the future) in connection with the provision or All dollar values in this Presentation are in Australian dollars (A$ or AUD) unless otherwise stated.
content of this Presentation.
FORWARD-LOOKING STATEMENTS
NO OFFER This Presentation may contain forward looking statements. The Australian words 'anticipate',
This Presentation is not a prospectus, product disclosure statement or other offering document 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan'
under Australian law (and will not be lodged with ASIC) or any other law. This Presentation is for and other similar expressions are intended to identify forward-looking statements. Indications of,
information purposes only and is not an invitation or offer of securities for subscription, purchase or and guidance on, future earnings and financial position and performance are also forward-looking
sale in any jurisdiction (and will not be lodged with the ASIC). statements. Forward-looking statements are subject to risk factors associated with the Company’s
business, many of which are beyond the control of the Company. It is believed that the expectations
This Presentation does not constitute investment or financial product advice (nor tax, accounting or reflected in these statements are reasonable but they may be affected by a variety of variables and
legal advice) or any recommendation to acquire shares of MyFiziq and does not and will not form changes in underlying assumptions which could cause actual results or trends to differ materially
any part of any contract for the acquisition of shares of MyFiziq. from those expressed or implied in such statements. There can be no assurance that actual
outcomes will not differ materially from these statements. You should not place undue reliance on
SUMMARY INFORMATION forward- looking statements and neither MyFiziq nor any of its directors, employees, advisers or
This Presentation contains summary information about MyFiziq, its subsidiaries and their activities agents assume any obligation to update such information.
which is current as at the date of this Presentation. The information in this Presentation is of a
general nature and does not purport to be complete nor does it contain all the information which a DISCLAIMER
prospective investor may require in evaluating a possible investment in MyFiziq or that would be None of MyFiziq’s respective advisers or any of their respective affiliates, related bodies corporate,
required in a prospectus or product disclosure statement prepared in accordance with the directors, officers, partners, employees and agents, have authorized, permitted or caused the issue,
requirements of the Corporations Act. While MyFiziq has taken every effort to ensure the accuracy submission, dispatch or provision of this Presentation and, except to the extent referred to in this
of the material in the presentation, neither the Company nor its advisers have verified the accuracy Presentation, none of them makes or purports to make any statement in this Presentation and there
or completeness of the information, or any statements and opinion contained in this Presentation. is no statement in this Presentation which is based on any statement by any of them.
NOT INVESTMENT ADVICE To the maximum extent permitted by law, MyFiziq and its respective advisers, affiliates, related
Each recipient of this Presentation should make its own enquiries and investigations regarding all bodies corporate, directors, officers, partners, employees and agents exclude and disclaim all
information in this Presentation including but not limited to the assumptions, uncertainties and liability, including without limitation for negligence or for any expenses, losses, damages or costs
contingencies which may affect future operations of MyFiziq and the impact that different future incurred by you as a result of your participation in an investment in MyFiziq and the information in
outcomes may have on MyFiziq. this Presentation being inaccurate or incomplete in any way for any reason, whether by negligence
or otherwise.
This Presentation has been prepared without taking account of any person's individual investment
objectives, financial situation or particular needs. Before making an investment decision, To the maximum extent permitted by law, MyFiziq and its respective advisers, affiliates, related
prospective investors should consider the appropriateness of the information having regard to their bodies corporate, directors, officers, partners, employees and agents make no representation or
own investment objectives, financial situation and needs and seek legal, accounting and taxation warranty, express or implied, as to the currency, accuracy, reliability or completeness of information
advice appropriate to their jurisdiction. MyFiziq is not licensed to provide financial product advice in in this Presentation.
respect of MyFiziq shares.
Statements made in this Presentation are made only as the date of this Presentation. The
Cooling off rights do not apply to the acquisition of MyFiziq shares. information in this Presentation remains subject to change without notice.
2
Corporate Overview
CAPITAL STRUCTURE CAPITAL INJECTION
Ticker ASX:MYQ
Share Placement - 4 tranches remaining * $3.8m
Share Price (as at 13/05/2019) $0.25
Current Shares On Issue 89.96m Approx. Monthly Burn $0.300m
Capitalisation (undiluted) ~$23m
SHARE HOLDER BREAKDOWN
Convertible Debt $1.4m
Enterprise Valuation (undiluted) ~$24m Staff, Board, Advisors
Top 10 Share Holders
Fully Diluted Market Capitalization ~$38m Share Holders
IPO listed in August 2015 at $0.20
~850 Shareholders
47.36% 52.36%
PERFORMANCE RIGHTS & OPTIONS
― 15.0m Class A performance shares with various
revenue milestones.
and EBIT targets Top 20 Share Holders Top 50 Share Holders
― 15.0m Class B performance shares with various
revenue milestones.
and EBIT targets
― 19m performance rights expiring on various dates. 33.82%
66.18% 81.69%
― 10.3m options with various expiry dates and prices.
Fully Diluted Shares on Issue 149.26m
* 4 remaining capital injections from ACAM
3
Company Highlights
Direct marketing reach of >90M users A number of commercial contracts
based on existing contracts signed. already signed.
Only 140,000 users required across all contracts signed Integrations ongoing ahead of apps launches in 2019.
to achieve break even based on USD$1.50 user/month.
Users/Followers Initial Target *
Strong pipeline of commercial Mayweather + Fitness 41M 400,000
Conor McGregor FAST
opportunities. 41.5M 250,000
Fitocracy 2M 500,000
The company currently has strong activity in all verticals with Toll 12,000 2,400
potential partners testing the application and discussing Evolt360 500,000 100,000
commercial terms.
High barriers of entry for competitors to
MyFiziq patents coverage.
Time & expense in obtaining sufficient baseline data to train
machine learning algorithms to obtain user specific requirements.
Extensive patent coverage and prior art.
Patents granted.
Low operational and delivery costs. Australia, USA, South Korea, Japan, Singapore.
Due to the technology being a highly scalable technology service.
* Partner targets. MYQ is reliant on the partner to achieve these targets set within the agreements. This is not a forecast by MYQ.
4
MyFiziq Board
Peter Wall Vlado Bosanac Mike Melby Nick Prosser Brian Kirkbride
Non-Executive Chairman Co-Founder & CEO Non-Executive Director Non-Executive Director Strategic Advisor
‣ Partner Lawyer, with 19+ ‣ Over 25 years experience ‣ Fitness industry ‣ 15+ years experience in ‣ Venture capital and
years experience in: in venture capital and executive. the ICT industry. private equity investor,
capital markets, corporate private equity. start-up founder, and
‣ Tech company founder ‣ Director of a number of
and strategic advice, brand executive
‣ Entrepreneur, advisor and (PayDivvy - acquired by private companies in
securities law, commercial ‣ Former GM at Nike+ Fuel
strategy consultant. Higher One, TapIt – Australia and Asia.
law and contract law. Lab & Global Head of
acquired by VC-backed
‣ Successfully funded 10+ ‣ Former founder of
‣ Non-executive director of Phunware). Business Development
start-ups. Canberra Data Centres
a number of ASX listed for Nike+
‣ Investment banker and which were acquired by
companies. ‣ Extensive public
private equity investor. Infratil and ‣ MBA, BA Economics &
company experience.
‣ LB B. Comm MAppFin Commonwealth Japanese
FFIN. ‣ Highly experienced in Superannuation
‣ MBA Entrp. Man, BA,
transaction origination. Corporation for an
Political Economy.
enterprise value of $1.16
billion in 2016.
Supported by:
Kevin Hart – Company Secretary
‣ 30+ years experience in accounting / the management and administration of public listed entities.
‣ Fellow of the Institute of Chartered Accountants.
‣ B.Comm
5
Our Technology
MyFiziq has created the ability for an individual to accurately Total Body
Fat %
track the dimensions of their body directly from a mobile phone.
‣ MyFiziq is an augmenter of current ‣ Highly accurate measurements of your CHEST
technologies. body in a 3D model using just a smart
‣ Technology is patented in major phone.
jurisdictions. ‣ Partners embed our SDK (Software
‣ Our core technology runs on the device Development Kit) into their new or
using hardware acceleration and the existing apps to gain greater WAIST
latest software. This performance allows understanding of their consumer at the
HIPS
for a seamless capture process, without same time as delivering a unique new
the need for long wait times. consumer facing capability.
‣ Images and private information never ‣ MyFiziq simplifies the collection of these
leave the phone, ensuring security and measurements and removes the margin
privacy standards are met across global of human error present in traditional
THIGHS
regions. tape measure methods.
‣ Highly scalable to existing applications
and partner technology to capture Joints INSEAM
greater data insight. mapped to a
personalized
mathematical
ACCURACY VALIDATION 1 PLATFORMS 3D model.
98% 97% 98% 97%
CHEST WAIST HIPS THIGHS
98%
REPEATABILITY
1 Both
accuracy and repeatability have been validated by Professor Timothy Ackland, Professor of Applied
Anatomy and Biomechanics, The University of Western Australia – ASX Announcement 18/10/2018.
6
Operational Overview
VERTICAL VERTICAL VERTICAL VERTICAL
Health & Fitness Medical & Insurance Apparel Corporate Wellness
Tracking the body contextually Predictive health outcomes and Ability to provide online or in- Provide employees and
with diet & workouts allowing an dynamic policy underwriting, as store accurate body employers greater understanding
increased cadence of body well as the ability to measure measurements to the retailer to of their health and in turn assist
circumference data. body fat as an indicator of health determine the correct size of them in better health outcomes
status. garments to order – reduce the by tracking physical change when
Goals & trends offer new virtual
cost of returns, increasing engaged in wellness activities in
coaching plans and refined
convenience and engagement. the work place.
workouts, user engagement & Highlights
retention.
‣ BCT Joint Venture (MYQ 50% Highlights
owner) established which has Highlights
Signed Deals to date seen > $2 million in ‣ Recently entered vertical.
license fees and capital ‣ WellteQ partnership launched
‣ Fitocracy contribution payments to ‣ Targeting the >$62 billion * ‣ POC1 Completed with
MyFiziq. wrong size return problem.
‣ Floyd Mayweather Prudential Singapore.
‣ Conor McGregor ‣ WeSure collaboration ‣ Toll deal announced and app
agreement announced. go-live scheduled for May,
‣ Evolt360
2019
* IHL Dynamic Action “Research Study: Retailers and the Ghost Economy The Haunting of Returns”
7
How It Works
Capturing body measurements involves a single person. Using the built-in help screens, the user
is guided through setting up the phone, and taking their front and side images.
End-to- Receive
1 Enter details 2 Guided Help 3 Front & Side Pictures end process Measurements
Pictures never leave the phone. in under and 3D Model
60s. data.
Watch video online
Visit https://www.myfiziq.com/media-center
8
Typical
Uncluttered
Capture Evenly lit room
background
Setup
Phone
placed at
hips height
9
Services Header Style
The MyFiziq technology can be embedded within a partner application
in various ways so that it complements existing environments. We
augment existing branding, or we can deliver a fully bespoke solution
with customised measurements.
3D Model
Partner Build MyFiziq Build
Partner is responsible for the build. Partner pays MYQ to integrate
MYQ supplies all technical documentation SDK into their existing application. Profile Card
& support. Tab Style
Chart Colors
Icons
Bespoke Build
White Label Build
A custom implementation where the
full architecture is scoped & designed. Branding of a pre-existing white
label app by MYQ. Nav style
10Key Markets
11VERTICAL
Health & Fitness
Measure your changes, track your progress, and see the transformation.
MARKET SIZE PRICING CURRENT CLIENTS
$672B
1 From US$4.99
User/month
PROBLEMS SOLVED
mHEALTH TRANSACTIONS 2018
‣ Add new value to member subscriptions.
‣ Boost member engagement and retention. CURRENT PARNER
8
‣ Biometric data layers for refined coaching, $550M
7
$486M
nutrition and fitness goals.
‣ Refined wellness plans through innovation.
‣ Combine activity from wearables with body
2, 3
change. $710M 4, 5, 6 $48M+
‣ Appeal to the vanity of the hard working member
and increase monetisation.
‣ Never before available functionality and appeal to
the vanity of the hard working member or
consumer.
1 Statista “Health & Fitness Clubs - Statistics & Facts”
2 TechCrunch 22/02/2017 “Fitbit reveals it paid $23 million to acquire Pebble’s assets“
3 MobiHealthNews 29 Feb 2018“Fitbit actually acquired FitStar for about $24.8M in the end”
4TechCrunch 14/11/2014 “Under Armour Buys Mobile Workout Veteran MapMyFitness For $150M As It Looks To Keep Pace In Digital Fitness”
5 Forbes 04/02/2015 “Under Armour Buys Health-Tracking App MyFitnessPal For $475 Million”
6 UABiz 2/4/2018 “Under Armour Reports Full Year Net Revenues Growth Of 32%; Announces Creation Of World's Largest Digital Health And Fitness Community”
7 TechCrunch 18/07/2018 “Peleton raises $550M at a valuation of $4 billion”
8 Marie Claire 25/10/2018 “You'll Never Believe How Much Kayla Itsines Is Worth” 12VERTICAL
Medical & Insurance
Understanding the consumer through digital access to dimensions, true weight and body composition
allowing predictive health outcomes and dynamic policy underwriting.
CURRENT PARTNERS COMMERCIALS IN PROGRESS
MARKET SIZE PRICING
$9.6T Starting at US$4.99
1
Policy holder/month
PROBLEMS SOLVED mHEALTH TRANSACTIONS 2018 GLOBAL INSURANCE COMPANIES
‣ With more than 100 active discussions across insurers
2
globally, BCT is in a strong position to see there is a clear $300M 3
$291M
intention from the insurance industry to move into a digital
on-line presence.
4
‣ Large and prevalent obesity issue globally with 2.2 billion $250M $50M
5
10
estimated to be overweight, worldwide.
‣ BCT has demonstrated it has advanced capability with a 6
study across 1,000 participants against BMI. BCT was $132M $240M 7
superior and removed 57% of the misdiagnosis of BMI.
‣ By using easily accessible anthropometric data through a 8
smartphone, BMI can be replaced with an accurate TBF $105M $110M 9
indicator and prevent misdiagnosis and invoke healthy
change.
1 Aon ”Insurance risk study Twelfth edition, 2017: Global Insurance Market Opportunities”
2 Healthcare Innovation 18/07/2018 “Report: Digital Health VC Funding Surges to Record $4.9 Billion in 2018”
3 Healthcare IT News 25/07/2018 “23andMe lands $300 million investment from GlaxoSmithKline”
4 Venturebeat 27/09/2018 “Butterfly raises $250 million for portable full-body ultrasound scanner”
5 Business Wire 11/09/2019 “InfoBionic Secures $50 Million in Financing to Support Continued Growth of the MoMe® Kardia System for Cardiac Arrhythmia Detection”
6 Business Wire 28/08/2018 “Outset Medical Closes $132 Million Financing to Accelerate Launch of Tablo Hemodialysis System”
7 Business Wire 14/02/2018 “HeartFlow Completes Series E Financing, Securing $240 Million”
8 Livongo 11/04/2018 “Livongo Health Raises $105 Million”
9 Business Insider 01/03/2018 “A startup that could be a good model for the JPMorgan-Amazon-Berkshire Hathaway healthcare initiative just raised an additional $US110 million.” 13
10 CNBC “More than 2 billion people are overweight or obese worldwide, says study”, Global Burden of Disease (GBD) Study IHMEVERTICAL
Corporate Wellness
MyFiziq helps employers protect and engage their employees through gamification and digital health tracking via
multiple partner applications. This results in better employee retention, less sick leave and increased ROI.
MARKET SIZE (BY 2025) PRICING CURRENT CLIENTS CURRENT PARTNERS COMMERCIALS IN PROGRESS
$84.9B Starting at US$4.99
1
Employee/month
PROBLEMS SOLVED mHEALTH TRANSACTIONS 2018 GLOBAL WELLNESS COMPANIES
‣ Current wellness platforms are competing against each
2
other with the same solution but branded differently. $UN
‣ Adding digital anthropometric capabilities with MyFiziq is
the ultimate KYC of health. Combining body circumference
3
and composition with wearables allows an added layer of $UN
data to drive wellness goals like never before.
‣ Big data with body measurements provides a new, digital 4
trackable metric never available before to users, medical $UN
professionals and insurers.
5
$UN
1 Grand View Research July 2018 “Corporate Wellness Market Worth $84.9 Billion By 2025 | CAGR 6.8%“
2 PR Newswire 08/11/2018 “GetWellNetwork Acquires HealthLoop”
3 Inc42 25/09/2018 “Netmeds Acquires JustDoc To Add Diagnostic Services To Kitty”
4 Limeade 19/09/2018 “LIMEADE ACQUIRES SITRION AND ITS AWARD-WINNING EMPLOYEE EXPERIENCE SOLUTION”
5 Mobi Health News 05/09/2018 “Meditation app Headspace acquires Alpine.AI”
$UN = Undisclosed transactions 14VERTICAL
Apparel
MyFiziq provides the ability to accurately measure a person. Not only for online purchasing of clothing, but
also in-store providing a personal shopping experience.
GLOBAL APPAREL PRICING
$1.7T
1 Starting at 5% (Gross
sale price per garment) 1
PROBLEMS SOLVED TRANSACTIONS 2017-2019 ONLINE GLOBAL APPAREL COMPANIES
‣ Returns of incorrectly sized clothing is costing retailers
2
upwards of $62.4B6 annually (2015) and a return rate of $50-70M
up to 30% and growing.
‣ Our process factors in dimensions but as importantly
3
we also factor in an individual’s shape. $UN
‣ Custom apparel made possible opening the launch of
new product lines.
4
$15M
‣ Allows reduced time-to-purchase through size auto-
matching.
‣ Increases retention and customer loyalty through better 5
$UN
engagement and personalisation.
1 Euromonitor International May 3, 2018 “Global apparel and footwear valued at US$1.7 trillion in 2017, yet millions of used clothing disposed of every year“
2 CNBC 03/10/2017 “Amazon spent at least $50 million to buy 3D body scanning start-up Body Labs, report says”
3 LiveMint 16/04/2018 “Myntra acquires wearables maker Witworks”
4 Nike 09/04/2018 “Nike Acquires Invertex”
5 The Verge 16/03/2018 “L’Oreal acquires Modiface, a major AR beauty company”
6 IHL Dynamic Action “Research Study: Retailers and the Ghost Economy The Haunting of Returns”
15Competitive Landscape
***
Mobile capability ✓ ✓ ✓ ⨯ ⨯ ✓ ✓
No additional hardware/Special Clothing ✓ ✓ ✓ ⨯ ⨯ ✓ ⨯
Customers can embed SDK into existing apps ✓ ⨯ ✓ ⨯ ⨯ ✓ ⨯
Available to partners outside of competitor ✓ ⨯ ✓ ⨯ ⨯
In future
✓ ✓
Brand specific measurements ✓ ✓ ✓ ⨯ ⨯ ✓ ✓
Online store option ✓ ✓ ✓ ⨯ ⨯
In future
✓ ✓
Medical & Insurance option ** ✓ ⨯ ⨯ ⨯ ⨯ ⨯ ⨯
Retail store option ✓ ⨯ ✓ ⨯ ⨯ ✓ ⨯
Fitness integration option ✓ ⨯ ⨯ ✓ ✓ ⨯ ✓
⨯ ⨯ ✓ ⨯ ⨯ ✓
Advertised Accuracy > 97%* ✓ Advertises “20% better
Not advertisedKey Contracts
To Date
17Mayweather Boxing + Fitness Conor McGregor FAST Fitocracy
MyFiziq forms a major part of the McGregor’s proprietary conditioning & A strategic partnership allowing over 2
Mayweather Fit gym experience by fitness system McGregorFast.com is million users to track body shape with
helping members track body change, bringing revolutionary training and tailored fitness & nutrition programs.
and workouts at home. nutrition techniques to McGregor fans
and fitness enthusiasts across the world Launch: TBA/Major release in 2019.
Launch: TBA/Major release in 2019. Target: 500,000 users/mo
Target: 400,000 users/mo (1% of 41M) via his new app.
Launch: TBA/Major release in 2019.
Target: 250,000 users/mo
Toll Logistics WeSure / WeFit Evolt360
MyFiziq has been incorporated into China based Tencent owned WeSure/
The Evolt Active App stores your body
WellteQ’s application and made WeFit has entered into a framework
composition results so you can track,
available across Toll’s Australian agreement with MyFiziq & BCT to test,
monitor, and analyse your progress. The
workforce. design, develop and integrate the
App provides instant graphs and charts
MyFiziq/BCT platform into the WeSure
Launch: May 2019 showing real-time results.
insurance platform and WeFit fitness
Target: 2,400 users/mo platform to be offered to WeChat users Launch: Q3 2019.
throughout the world. WeSure has also Target: 100,000 users/mo
requested under the binding agreement
the right to negotiate exclusivity to
mainland China.
18Patent Protection
REGISTERED
PENDING
EUROPE
CANADA
JAPAN
KOREA
USA CHINA
HONG KONG
SINGAPORE
EUROPE
INDIA
EPC Contracting States: Albania, Austria,
Belgium, Bulgaria, Croatia, Czech Republic,
Cyprus, Denmark, Estonia, Finland, France,
Germany, Greece, Hungary, Iceland, Ireland,
Italy, Latvia, Liechtenstein, Lithuania,
NEW ZEALAND
Luxembourg, Macedonia, Malta, Monaco,
Netherlands, Norway, Poland, Portugal,
Romania, San Marino, Serbia, Slovenia, AUSTRALIA
Slovakia, Sweden, Switzerland, Spain, Turkey,
United Kingdom.
Extension states: Bosnia and Herzegovina,
Montenegro.
Validation states: Morocco, Moldova.
19Highlights
Contracts / POCs / Markets
Technology & Development Updates
Body Composition Technologies Toll Logistics
Joint venture partnership with Gold Quay Capital Pte Ltd, MyFiziq will be embedded alongside a number of activity Accuracy Validation Study
MyFiziq established a new company, Body Composition challenges, rewards, health and fatigue prevention
Technologies while retaining the major shareholder in the programs with virtual coaching, blood pathology across Professor Timothy Ackland Ph.D. of Applied Anatomy &
new company at 50%. the application within the Toll offering. Initial target: 2,400 Biomechanics has concluded an average accuracy of
users/mo. Total users: 12,000. 97.5% across the four circumference measures.
$2,120,000 received from BCT JV
WellteQ: Corporate Wellness Patents Awarded
MyFiziq received $1,500,000 license payment with
$500,000 balance to be paid and approximately $620,000 MyFiziq entered into a partnership with WellteQ, a leading MyFiziq was awarded full patent status in Japan, USA,
in app development and capital contributions to date digital corporate wellness solution for employee health Australia, Singapore & South Korea.
from work completed for the BCT joint venture. engagement and HR data analytics. Both parties have Tech Advances
commenced working on a unique solution for the
Fitocracy A major SDK update in May 2018 included newly integrated
corporate wellness industry.
Fitocracy is an online fitness and social network, with over classification & image inspection machine learning models,
Prudential Singapore as well as a front camera optimised on-boarding
2 million users, that aims to help them improve their
fitness and wellness. Initial target: 500,000 users/mo. A Proof of Concept (PoC) agreement was announced and experience.
Total users: 12.5M. completed with Prudential Singapore. It delivered Single Person Experience
Prudential employees an experience via an integrated
McGregor FAST MyFiziq released its front camera, single user functionality,
wellness smartphone application and real time analytics
MyFiziq to be integrated into McGregor’s proprietary and single user on-boarding screens which eliminated the
dashboard.
fitness system. MyFiziq will be used to track body shape requirement of a second person to capture images.
BCT Presented at InsureTech Connect
in addition to hitting cardio and nutrition targets unique to Android SDK
McGregor’s fitness programs. Initial target: 250,000 Presented at ITC with a total audience of 300 Global
The base MyFiziq Android SDK is now complete and has
users/mo. Total followers: 41.5M. insurers and 6,000+ participants at InsureTech Connect
passed 3rd party penetration and security testing.
conference in Las Vegas.
Mayweather Boxing + Fitness
Market focus on Apparel
WeSure
Mayweather Boxing + Fitness mobile app integration
MyFiziq offers the ability to dimension the consumers from
completed. Body shape will be tracked alongside China based Tencent owned WeSure/WeFit has entered
across 64,000 data points to reduce incorrect sized
Mayweather fitness workouts. Initial target: 400,000 into a framework agreement with MyFiziq & BCT to test,
clothing returns and open new custom apparel
users/mo. Total followers: 41M. design, develop and integrate the MyFiziq/BCT platform
opportunities.
into the WeSure insurance platform and WeFit fitness
Evolt360
platform to be offered to WeChat users throughout the $6m Capital Raise
MyFiziq will be integrated into the Evolt platform, a device/ world. WeSure has also requested under the binding
MyFiziq Limited announced it has executed a Binding Term
machine-based intelligent body scanning technology agreement the right to negotiate exclusivity to mainland
Sheet to complete a A$6,000,000 placement with Asia
placed globally with its current partners in fitness, China.
Cornerstone Asset Management (“ACAM”). The capital
wellness, gyms, clinics and work places.
raising will see the Company receive $6m in new capital at a
Initial target: 100,000 users/mo. Total users: 500,000
110% premium to market at the time of signing. Under the
Users.
agreement, MYQ will issue 10m fully paid shares @ A$0.60
a share.
20What’s Next
Commercialisation of Existing Partners MyFiziq and WeSure
‣ Expedite work to complete projects by late 2019 with ‣ China based Tencent owned WeSure/WeFit has entered into a
announced partners: Toll, Evolt360, Mayweather Fit, Conor framework agreement with MyFiziq & BCT to test, design,
McGregor Fast, and Fitocracy. develop and integrate the MyFiziq/BCT platform into the
Signing of New Partners WeSure insurance platform and WeFit fitness platform to be
offered to WeChat users throughout the world. WeSure has
‣ As part of MyFiziq’s growth strategy, we aim to deliver another also requested under the binding agreement the right to
3-5 medium to large signed partner deals over the next year. negotiate exclusivity to mainland China.
Toll Logistics Patents
‣ MyFiziq will be embedded alongside a number of wellness & ‣ Expedite the granting of submitted patents in Canada, China,
gamification features across the application within the Toll Europe, Hong Kong, and New Zealand.
offering. MyFiziq will be paid A$5.00 per user per month on an
initial 2,400 employees whilst building out the usage to the Technology Enhancements
remaining 9600 employees over the following 12 months. ‣ Mid 2019: Production release (iOS, Android) of in-device
Evolt 360 segmentation, where images do not leave the device.
‣ Customer anticipates a July 2019 initial iOS release and then ‣ Improve the on-boarding and image capture processes.
later Android to its 500,000+ active user base over a 12 ‣ Work with BCT on expanding data collection sites to produce
month period. MyFiziq will be paid A$2.99 per user per month. one of the worlds largest body composition data studies,
Revenue Breakeven which provides accurate body composition metrics including
Total Body Fat %.
‣ Once partner go-lives commence, MyFiziq’s next focus is
working with partners to drive app downloads and user
volumes to agreed monthly user targets.
‣ To break even MyFiziq only requires 110,000 monthly users
spending AUD$2.99 per month.
21Appendix
PROJECT
Fitocracy
A strategic partnership allowing over 2 million subscribers to
track body shape with tailored fitness & nutrition programs.
‣ Fitocracy is an online fitness ‣ Fitocracy currently has over
and social network, with over 2 12.5 million active monthly
million subscribers, that aims to users that will have the
help them improve their fitness opportunity to track changes in
and wellness . their body shape and
dimension using the MyFiziq
‣ Fitocracy is targeting 500,000 technology as they follow
users within the first 12 months Fitocracy’s individual coaching
from launching the MyFiziq programs.
integration.
USERS INITIAL TARGET
‣ Fitocracy and MyFiziq will
collaborate to offer MyFiziq’s 12.5M 500,000 Users
revolutionary body shape
tracking application to the STATUS
Fitocracy community. In development
RELEASE TARGET
TBA
23PROJECT
Mayweather
Boxing + Fitness
Floyd Mayweather Boxing + Fitness is a revolutionary
fitness platform comprised of boxing fitness studios,
powered by best-in-class talent, service, and technology
and based on the training system of the most dominant
boxer of all time.
FOLLOWERS INITIAL TARGET
41M 1% of followers
STATUS RELEASE TARGET PLATFORM
In development TBA
24PROJECT
Conor McGregor FAST
McGregor’s proprietary conditioning & fitness system
McGregorFast.com is bringing revolutionary training and
nutrition techniques to McGregor fans and fitness enthusiasts
across the world via his new app.
STATUS VERTICALS FOLLOWERS
Planning Fitness & Nutrition 41.5M
PLATFORM INITIAL TARGET
250,000 Users
RELEASE TARGET
TBA
25PROJECT
Toll Logistics
‣ As part of Toll’s Corporate Wellness initiative through
our wellness partner WellteQ, MyFiziq will supply its
body measurement and body composition technology
combined into the existing data stack providing
advanced insights into employee wellness and
analytics.
‣ With an initial release to 2,400 of the 12,000
employees. MyFiziq will receive a starting revenue of
$12,000 a month from April 2019.
‣ Toll Logistics provides sophisticated supply chain
solutions to companies and individuals across the
globe.
STATUS VERTICALS
In Development Corporate Wellness
TARGET
PLATFORM
12,000 Users
RELEASE TARGET MyFiziq & WellteQ AI Corporate Wellness
May 2019 Watch at https://www.myfiziq.com/media-center
26PROJECT
WellteQ
‣ WellteQ provides a low cost, effective & accurate digital
body composition measurement tool for the global
wellness market leading to better productivity.
‣ Integration with wearables and combining body
measurements allow companies to map change along with
data collected through surveys and wearables.
‣ Commercial discussions currently underway with five
corporate partners.
MAJOR FEATURES
‣ Reduced costs ‣ Improved user health &
‣ Identify & reduce risk productivity
‣ Data intelligence ‣ Customer retention
27PARTNER
Prudential Singapore
‣ First corporate wellness Proof ‣ Users will be able to connect
of Concept (PoC) integration mainstream wearables to the
launched in October 2018 app, create a 3D model of
which focuses on Prudential’s their body, and will also gain
employees and their access to a raft of user
improvements in health benefits including
engagement within the telemedicine consultations
workforce. and rewards programs
uniquely designed by
‣ Benefits for Prudential’s Prudential.
employees include:
anthropometric tracking, ‣ Discussions are currently
tailored health prompts, underway to agree next steps
personalised goal setting and and implementation.
targets, and a user
recognition and ‣ POC successfully concluded
reinforcement platform. March 2019.
STATUS LAUNCHED VERTICAL
Completed Oct 2018 Corporate Wellness
PLATFORM
28PARTNER
Tencent WeSure
‣ MYQ has signed a binding ‣ With the diabetic and pre-diabetic
agreement with WeSure (Tencent population growing to epidemic
China insurance platform) to levels throughout China, WeSure
investigate and test the way to wants to help its current and future
embed our technology into the consumers understand the risk
WeChat platform. they pose to their health by using
the MYQ/BCT technology in its
‣ The outcome is to track users offering.
health and fitness and to
accelerate on-line underwriting ‣ In addition, WeSure has launched
and engagement in the insurance WeFit, a reward program to
space with a competitive incentivise customers to live
advantage and differentiator. healthily and access benefits and
rewards through engagement.
‣ WeSure, Tencent's insurance
platform works with well-known STAGE
domestic insurance companies to
Testing, implementation &
provide users with high-quality,
micro app design.
cost-effective insurance services,
so that users can purchase, inquire VERTICAL
and settle claims on the two
Insurance, Fitness, Wellness.
national-level life service
platforms of WeChat and QQ. PLATFORMS
29CURRENT CLIENTS
www.myfiziq com
CURRENT PARTNERS
VLADO BOSANAC DAVID TABB
CEO & Co-Founder Chief Operations Officer
+61 412 000 409 +61 422 052 805
vlado@myfiziq.com david@myfiziq.comYou can also read
