Commercial in Confidence

Capital Raising

Presentation

December 2016For

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This presentation does not constitute investment, legal, taxation or other advice and the

presentation does not take into account your investment objectives, financial situation or particular

needs. You are responsible for forming your own opinions and conclusions on such matters and

should make your own independent assessment of the information presented. No responsibility is

accepted by dorsaVi or any of its respective officers, employees, agents, advisers or associates for

any of the information or for any action taken by you on the basis of that information. Any and all

use of the information is at your own risk.

Certain information may relate to protected intellectual property rights owned by dorsaVi Ltd (the

"Company”). Except as required by law, no representation or warranty, express or implied, is

made as to the accuracy, completeness or correctness of the information, opinions and

conclusions, or as to the reasonableness of any assumption contained in this presentation. By

receiving this information and to the extent permitted by law, you release dorsaVi and its

respective officers, employees, agents, advisers and associates from any liability (including,

without limitation, indirect or consequential loss or damage, or loss or damage arising by

negligence) arising as a result of the reliance by you or any other person on anything contained in

or omitted from this document or presentation.

DISCLAIMERF

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INVESTMENT HIGHLIGHTS

• Global business targeting over $250bn market opportunity in OHS – FDA, CE Mark, TGA approved

• FY 16 revenue 2.3 times FY15:

• Strong start to Q217, following record Q117

• US 1H17 revenue on track to exceed US FY16 revenue

• US reimbursement supporting US roll out

• Large operational leverage:

• Costs stable – R&D and regulatory approval expense has been sunk

• US agency model resulting in rapid uptake

• Launch of smaller and easier to use v6 unit in February 2017:

• Expected to drive further sales growth and penetration

• Lower COGS, attractive margins and payback

• Annuity revenues emerging from the OHS ViSafe product:

• Successful launch in UK and US markets

• Signed first major customer Crown Resorts for myViSafe, strong pipeline of further large customersFor

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2016 IN REVIEW – HIGHLIGHTS FROM AN EXCEPTIONAL YEAR

1. Grew revenue from $1.35M to $3.0M, reduced expenditure by $1.4M

2. V6 sensor development on time and budget (App based, less COGS, cross platform and fast)

3. Successful launch of OHS ViSafe product into the UK and US markets with plan for annuity revenue

4. Achieved strong growth in clinical & sports markets with 350 devices in the field

5. Signed on with scale partners for US and UK clinical markets (Select Medical (US) & YPP (UK))

6. Launched agent model in the US to enable rapid uptake and revenue growth in OHS market

7. Existing reimbursement codes supporting US roll out

8. Reimbursement strategy progressed with the launch of registry sites lead by US Clinical KOLs

9. Launched a 3 year incentive program to reward exceptional performance of senior staff

10. Commercial pilots with medical device and pharma companies

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REVENUE UP 2.3 TIMES ON LOWER COST BASE

dorsaVi Ltd (ASX : DVL)

Share price $0.50

Shares on issue 149,914,616

Market capitalisation $75.0M

2013 2014 2015 2016 Q1 2017

Revenue 398,607 529,380 1,358,218 3,019,000 1,004,000*

EBITDA (2,148,749) (3,852,593) (8,684,709) (5,915,567) N/A

Loss from

continuing

operations

(1,659,235) (3,562,024) (8,036,161) (5,237,102) N/A

Cash position $13.97M $5.74M $6.04M $5.77M

142221 236

608

1,004

85

139

380

684

143

127

250

720

29

42

492

1,008

0

500

1,000

1,500

2,000

2,500

3,000

FY13 FY14 FY15 FY16 FY17

$ T

ho

usa

nd

dorsaVi Customer Revenue

Q4

Q3

Q2

Q1

*unaudited results

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STRONG GLOBAL GROWTH

UKAU US

$0.0M

$0.2M

$0.4M

$0.6M

$0.8M

$1.0M

$1.2M

$1.4M

$1.6M

$1.8M

$2.0M

FY2015 FY2016 FY2017 FY2015 FY2016 FY2017 FY2015 FY2016 FY2017

dorsaVi Sales Revenue

Q4

Q3

Q2

Q1

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IMMINENT RELEASE OF V6 SENSORS – GAME CHANGER

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Launch of myViSafe™

• Mini sensors

• Manual Handling App

• Video training

• Pre employment screening

MARKET EXCITED BY THE EASE OF APPLICATION

Dec 2016 Feb 2017 Apr 2017

New cloud-based

clinical application for:• Running

• Knee

New cloud-based

clinical application for:• Low Back

• Walking

• Functional

• Hamstring

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SUCCESSFUL LAUNCH OF OHS PRODUCT INTO US & UK

• Work injuries estimated to cost over $250B p.a. (US)

• Large untapped market with appetite for data

• Unique IP leading to reduced injuries & costs

• Interventions involving:

• Job assessment

• Equipment change

• Pre-employment screening

• Better decisions based on fact, not opinion

• Scalable business model driven through agents and insurers

• Market characterised by 1000s of corporates

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ViSafe IN ACTION

Remove

‘Train Stop’

Putting ‘Train Stop’ to gauge

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COMPELLING OFFERING LEADING TO ANNUITY REVENUE

Problem for major corporates:

• Lack of visibility on injuries and

costs

• Poor ability to understand and

change issues

dorsaVi offering:

• ViSafe projects (real data from

the field)

• Provides insights, risk matrix and

solutions

• Now offers an ongoing barometer

to identify risks through

myViSafe™

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ACHIEVED STRONG GROWTH IN CLINICAL & SPORTS

160 devices in

the market

24,000 physios

(0.5% penetration)

85 devices in

the market

48,000 physios

10 devices in FY15 80 devices in FY16

25 devices added in Q1 FY17

105 devices in the market

284,000 physical therapists

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CLINICAL PLATFORM TO MANAGE DATA, REPORTS AND

COMMUNICATION

Patient

Live Assessment Live Training Monitoring Biofeedback Exercises Reports

Doctor

Physio

Specialist

Employer

$

Insurer

Hospital

PATIENT REPORTS AND

DATA

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SIGNED WITH SCALE PARTNERS IN THE US & UK

Targeting large and company-owned franchise networks

• UK – YPP

• US – Relationship with Select Medical

Collaborative product development

• Product commercially released: ViPerform AMI

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LAUNCHED AGENT MODEL FOR RAPID REVENUE GROWTH

Scalable model:

• Direct sales representatives in

key markets

• Sales partnerships with agents

(win work & provide assessors)

• Insurers and Insurance Brokers

• Centralised analysis

Stages of OHS ViSafe work

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EXISTING REIMBURSEMENT CODES SUPPORTING US ROLL OUT

• Initial target of $35 per session through existing reimbursement code 97750

• Billing multiple codes per session (Average billing >$150 per session)

• Relationships building with groups like Select Medical and other groups

• Commercial pilot with Select Medical ahead of schedule (Aim: 20 devices in 12 months)

(Devices implemented in 24 of their 2,000 sites in 6 months)

• Pilot with Select Medical exceeding revenue targets (on revenue per device)

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REIMBURSEMENT STRATEGY PROGRESSED WITH REGISTRY

• US-based patient registry launched for low back pain to support reimbursement strategy

• Low Back Registry will recruit over 1,500 US-based low back pain patients in the first 18 months

• Initial 3 sites, headed by Washington DC-based PM&R Physician, Dr Mehul Desai

• Longitudinal study will monitor patient outcomes using ViMove

• Registry data will generate a series of medical publications highlighting the importance of ViMove data

• The registry forms part of dorsaVi’s reimbursement strategy for the US clinical market

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COMMERCIAL PILOTS WITH WORLD LEADERS

• Unique insights coming from these commercial research projects

• Each project will lead to multiple new publications and potential new IP

• 45,000 individual data sets and building daily

• Medical device and pharmaceutical companies now using dorsaVi as an outcome measure

65+RESEARCH PROJECTS

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Proposed

Capital Raising

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CAPITAL RAISING

• dorsaVi Ltd (dorsaVi) intends to raise A$6.0-8.0m via a Placement and Share Purchase Plan (SPP) at $0.46

per share

• $3.0-5.0m Placement to sophisticated and institutional investors under listing rule 7.1 and 7.1A

• $2.0m to be subscribed for by major shareholder Starfish, subject to shareholder approval at the EGM to

be held in January 2017. Starfish will be scaled back by up to $1.0m if institutional placement is

oversubscribed.

• $1.0m Share Purchase Plan to existing shareholders

• Funds will be used for:

• Recruitment and signing of additional OHS agents in the US to rapidly scale revenue

• Working capital to fund new product launch of v6 in anticipation of sales growth

• General working capital

• Summary of outlook for 2017:

• Revenue growth to continue into 2017 – Q2 performing to expectations

• US revenue growing strongly – 1H17 expected to exceed FY16

• Further US agents to be signed in new states - supporting ongoing US sales growth

• Costs to remain stable from FY16 – large operational leverage

• Launch of v6 to clinical market in February 2017 expected to drive further sales, lower COGS and

improved margins

• Expecting to sign additional large myViSafe customers like Crown Resorts – will grow annuity

revenue base

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CAPITAL RAISING

Indicative Timetable*

Company in trading halt Friday 9th December 2016

SPP record date Monday 12th December 2016

Capital raising announced and resumption of ASX trading Tuesday 13th December 2016

Dispatch SPP offer documents to eligible shareholders Wednesday 14th December 2016

SPP opens Wednesday 14th December 2016

Placement settlement (Tranche 1) Friday 16th December 2016

Placement allotment (Tranche 1) Monday 19th December 2016

SPP closes Thursday 19th January 2017

EGM to approve Starfish placement Friday 20th January 2017

Starfish placement subscription and allotment Monday 23rd January 2017

*The company reserves the right to vary these dates

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About dorsaVi

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Non Executive Director

Michael Panaccio

Chairman

Herb Elliott

Non Executive Director

Greg Tweedly

Non Executive Director

Ash Attia

Director & CEO

Andrew Ronchi

CFO

Damian Connellan

CIO

Meagan Blackburn

CPO

Muhammad Umer

CMO

Megan Connell Head of Sales and

Operations Europe

Zoë Whyatt

Head of Sales and

Operations Australia

Matt May

Head of Sales and

Operations US

Mark Heaysman

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OUR BUSINESS: SOLID FOUNDATION FOR GROWTH

• Three key business divisions with diversified revenue streams

• Organisational health and safety

• Clinical

• Elite sports

• Market leader with first mover advantage

• Patent protected technology

• Significant barriers to entry and limited competition

• FDA approval

• TGA approval

• CE Mark

• Currently focused on three key geographies

• United States

• United Kingdom

• AustraliaFor

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THE HARDWARE AND PRODUCTS

• Patent protected movement algorithms

on medical-grade sensor technology

• Function-specific applications which

deliver meaningful movement data to our

target markets

• OHS solution to determine, measure and mitigate high risk activities

• Significant appetite for innovative manual handling solutions

• Executive and board-level focus on reducing injuries and

associated costs

• Budget readily available

• Clinical solution with turnkey applications for low back, running and a

range of other functional measures

• Early adopter advocates in key geographic markets of

Australia, USA and UK

• Distribution partners in USA and UK

• Elite sporting solution used in off-field environments

to measure stress and prevent injury

• Widespread use across many codes – AFL,

NRL, NBA, NFL

• Sporting business growing via word of

mouth

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?

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dorsaVi™

Andrew Ronchi

PhD (Eng), B.App.Sci (Physio)

Chief Executive Officer

Level 1, 120 Jolimont Road,

East Melbourne, Victoria 3002

Office: +61 9652 2192 | Mobile: +61 417 882 267

ar@dorsaVi.com | dorsaVi.com

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