Oneview Healthcare : Quarterly Activities/Appendix 4C Cash Flow Report

Unifying the care experience.

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Appendix 4C

Unifying the care experience.

For personal use only

ASX Release

Appendix 4C - Q4 2021 Quarterly Cash Flow Report

13 January 2022 - Sydney, Australia - Oneview Healthcare PLC ("Oneview" or "the Company"), a global healthcare technology company, today released its Appendix 4C - Quarterly Cashflow report for the quarter ending 31 December 2021 (Q4 FY21).

Financial Highlights

The Company had a net operating cash inflow for the first time in its history. Net operating cash inflows totaled €1.3m. This incorporates the following:

• Record receipts from customers of €5.46m (A$8.6m), up 281% on the prior quarter and up 101% vs the previous corresponding period. This included €0.78m (A$1.2m) of receipts which had been forecast for receipt in Q3 but were delayed and subsequently received in the first two weeks of Q4 2021, together with large payments from customers in respect of hardware sales and services. The final payments to suppliers in respect of these hardware sales were made in Q3. However, shipping delays due to Covid 19 resulted in delivery in Q4, at which point, customers paid upon delivery.
• The average quarterly cash outflow for 2021 was €981k which compares favorably to the average cash outflow for 2020 of €2,077k - an improvement of 53%.

Directors M Kaminski (Chairman) | N Asaria | L Berkowitz | J Fitter | J Rooney
Oneview Healthcare plc	Irish Company Reg: 513842
Block 2, Blackrock Business Park, Blackrock Co. Dublin, A94 H2X4 Ireland
ARBN 610 611 768
P [phone] E [e-mail] oneviewhealthcare.com	VAT Number 9853271T

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Unifying the care experience.

• Payments for staff costs in the quarter were €2.4m (A$3.8m), up 5% on the prior quarter driven by a small increase in headcount and commission payments to sales staff. Staff costs are up 16% vs previous corresponding period as the Company seeks to leverage its first mover advantage with Cloud.
• Administration and corporate costs of €0.8m (A$1.3m) were in line with the previous quarter.
• The Company raised a total of A$20m (€12.7m), excluding issue costs, from a timely and well- supported share placement in the quarter to new and existing institutional and high net worth shareholders.
• The Company's cash balances as at 31 December 2021 were €15.2m (A$24m), +123% vs 31 December 2020.

Payments to related parties of the entity and their associates in the quarter were comprised of directors' fees totalling €102,000.

Operational Highlights

• On 20 October, Kingman Regional Medical Center in Kingman, Arizona signed a 5-year contract for our Cloud based Care Experience Platform (CXP). This was the first deal registered by Oneview under the Microsoft "co-sell" program. This new contract will bring Oneview's CXP Cloud Enterprise to the 235-bedmulti-campus healthcare system in northwest Arizona. Hardware delivery to site has commenced and the project is expected to go live in by mid-2022.
• The Northern Health Cloud Start implementation was completed in 159 beds in Melbourne, Australia in Q4 2021. In addition, Oneview deployed Northern Health's existing TeleHealth solution across all 159 tablets to facilitate video consultations between patients and their care teams. The web-based TeleHealth service was configured and deployed within 3 business days, which is testament to the faster deployment times possible with Cloud. It has been invaluable in dealing with the surge in Covid-19 related admissions.
• The first batch of 1,719 Social Mobile GMS-certifiedhealthcare-grade 22" AIO Android devices and 749 WeTek Hybrid (Coax & IPTV) Android Set-Top Boxes were delivered to customers during the quarter.
• Contract extensions were signed during the quarter with University of California San Francisco and the University of Iowa Children's Hospital.
• In December, the Company successfully passed the third penetration test of the year for our cloud hosted software, conducted by an independent cybersecurity consultancy.
• Following the unsuccessful mediation process in Q3 in relation to Oneview's claim for breach of the Collaboration Agreement between Oneview and Regis Aged Care Pty Ltd (a wholly owned subsidiary of Regis Healthcare Limited), Oneview continues its preparation for relisting of the proceedings with the Court.

Directors M Kaminski (Chairman) | N Asaria | L Berkowitz | J Fitter | J Rooney
Oneview Healthcare plc	Irish Company Reg: 513842
Block 2, Blackrock Business Park, Blackrock Co. Dublin, A94 H2X4 Ireland
ARBN 610 611 768
P [phone] E [e-mail] oneviewhealthcare.com	VAT Number 9853271T

Unifying the care experience.

For personal use only

CEO Outlook

The recent surge in Covid cases globally has clearly had a detrimental effect on sentiment and particularly hospital staffing but to-date has had no material impact on the Company's outlook for 2022. We have maintained a high level of engagement with both prospective customers and existing customers for expansion of the Oneview platform across more beds and customers transitioning to Cloud Enterprise.

Our access to healthcare customers' locations for sales and implementation activities remains limited in some cases due to the ongoing pandemic. The sales cycle and implementation timeline for broader strategic deals has been elongated as hospitals have been primarily focused on the operational impacts of the pandemic. Despite this, we are seeing appreciation of our value proposition, as an open scalable real-time technology platform at the bedside will assist our customers to cater to the rapidly changing hybrid models of care.

Based on the solid and growing pipeline of business we expect to place fresh OEM hardware orders with suppliers in the coming weeks to ensure we can meet anticipated demand in 2022.

ESG

At the start of this year, the Company committed to a Company-wide initiative around Environmental, Social and Governance and is pleased to report continued progress, as measured against the World Economic Forum universal ESG framework. Details can be found HEREon our website and will continue to be reported on a quarterly basis.

This announcement has been approved for release by the board of Oneview Healthcare plc.

About Oneview Healthcare plc

For healthcare systems who lead on exemplary care, Oneview Healthcare plc provides digital tools for patients, families and caregivers to improve the care experience. Unifying a facility's systems, content and services into one digital Care Experience Platform at the point of care, Oneview helps providers to measure and improve experience, optimize patient flow, deliver virtual care and enable patients and families with dedicated touch and TV devices. Oneview has partnered with leading healthcare systems in the US, Australia, the Middle East and Asia to unify the care experience, in 63 hospitals.

Enquiries:

James Fitter, CEO

Helena D'Arcy, Interim CFO

Website : www.oneviewhealthcare.com

Directors M Kaminski (Chairman) | N Asaria | L Berkowitz | J Fitter | J Rooney
Oneview Healthcare plc	Irish Company Reg: 513842
Block 2, Blackrock Business Park, Blackrock Co. Dublin, A94 H2X4 Ireland
ARBN 610 611 768
P [phone] E [e-mail] oneviewhealthcare.com	VAT Number 9853271T

Unifying the care experience.

For personal use only

Appendix 4C

Quarterly cashflow report for entities subject to Listing Rule 4.7B

Name of entity

Oneview Healthcare PLC

ABN	Quarter ended ("current quarter")
610 611 768	31st December 2021

Consolidated statement of cash flows	Current quarter	Year to date (12
			€'000	months)
				€'000
1.	Cash flows from operating activities
1.1	Receipts from customers	5,458	11,688
1.2	Payments for
	(a)	research and development	-	-
	(b)	product manufacturing and	(1,580)	(4,579)
		operating costs
	(c)	advertising and marketing	(118)	(419)
	(d)	leased assets	-	-
	(e)	staff costs	(2,377)	(8,989)
	(f)	administration and corporate costs	(809)	(3,124)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	-	-
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	(3)	(56)
1.7	Government grants and tax incentives	-	1,251
1.8	Other - director's retirement payments	-	(177)
	Other - working capital movements	731	483

1.9 Net cash from / (used in) operating

activities	1,302	(3,922)

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