Pharma International Company Corporate Presentation
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Pharma International Company Corporate Presentation January 2017 Version 4.27 Contents • Company Overview • Profile and Financial Performance • MENA Operating Environment • Plan and Focus Areas • Key People and Contacts • Execution Credentials 2 © 2017 Pharma International Company Pharma International Company Overview For the past 22 years, we have dedicated ourselves to helping patients, caregivers, regulators and payers across MEA to improve cost of care and health outcomes by providing affordable, quality generic pharmaceuticals in a broad range of therapeutic areas. Mission Pharma International Company (PIC) is a biopharmaceuticals company dedicated to serving patients, healthcare professionals and payers across the Middle East and Africa region. Vision PIC aspires to become the leading Biopharmaceutical partner for key stakeholders keen on improving health outcomes, cost of care and the wellbeing of patients and their care-givers. PIC aims to achieve $300mn in annual revenue by 2020 through organic growth. 3 © 2017 Pharma International Company Milestones and Progress PIC Has Been Primed To Become A Regional Industry Leader 1994 2000 2003 2009 2015 Pharma Manufacturing PIC Becomes PIC Becomes Acquisition of International plant is licensed ISO 9001-14001 ISO 18001 Manufacturing Company (“PIC”) by JMOH Compliant Compliant site in KSA is incorporated 2001 2002 2006 2012 2014 The company launches The company PIC obtains the PIC Opens its Investors acquire Tidilor® and introduces its first Irish Medicines Injectable majority share in Pharmaxin ®, its cephalosporin Board’s Cephalosporins PIC first ever Cefodox® certification plant products 4 © 2017 Pharma International Company Contents • Company Overview • Profile and Financial Performance • MENA Operating Environment • Plan and Focus Areas • Key People and Contacts • Execution Credentials 5 © 2017 Pharma International Company PIC Current Performance Sales Performance and Forecast Sales Value ($ Mn) CAGR 19.12% 123.7 105.2 95.6 77.8 71.8 62.8 43.3 2011 Actual 2012 Actual 2013 Actual 2014 Actual 2015 Actual 2016 Actual 2017 Forecast 6 © 2017 Pharma International Company PIC’s Regional Footprint Our relentless focus on quality and the wellbeing of patients allowed us to emerge as one of the fastest growing companies in Saudi Arabia, Iraq and Jordan, with market presence in over 25 markets across the Levant, the GCC, Africa and parts of Eastern Europe. 7 © 2017 Pharma International Company Our Teams Jordan Lebanon KSA Iraq UAE 1 Country Manager 1 Country Manager 1 Country Director 1 Regional Director 1 Regional Director 1 Sales & Collection 1 Sales Admin Officer 9 Supervisors 2 Sales Managers 1 Country Manager Manager 2 Supervisors 76 Medical Reps 7 Supervisors 3 Supervisors 13 Supervisors 1 Marketing 1 Accountant 2 Marketing 1 Marketing 67 Med & Sales Reps 16 Medical Reps 1 Marketing 127 Medical Reps 15 Medical Reps 1 Marketing 1 Regulatory Manager 1 Training and 1 Accountant 7 Sales Admin Officers 1 Regulatory Assistant Effectiveness 1 Regulatory Manager 1 Sales Admin Officer 1 Sales Admin Officer 2 Sales Managers Kuwait Bahrain Qatar Oman Yemen 1 Senior Medical Rep 2 Medical Reps 1 Sales Manager 1 Senior Medical Rep 1 Country Manager 1 Medical Rep 1 Senior Medical Rep 2 Medical Reps 2 Sales Admin Officers 3 Medical Reps 2 Sales Supervisors 18 Medical Reps Tunisia Sudan Libya Mauritania Kenya 1 Country Manager 3 Line Managers 1 Country Manager 1 Country Manager 1 Team Leader 6 Medical Reps 1 Team Leader 1 Sales Manager 4 Medical Reps 2 Medical Reps 3 Medical Reps 4 Medical Reps Uganda Tanzania Ethiopia Ukraine 1 Manager 1 Sales Manager 1 Sales Manager 10 Supervisors 1 Team Leader 1 Supervisor 5 Medical Reps 75 Medical Reps 3 Medical Reps 5 Medical Reps 8 © 2017 Pharma International Company PIC’s Therapy Area Presence Since our establishment in Jordan in 1994, we have cultivated a thriving culture of innovation, amply demonstrated by the depth and breadth of our product portfolio of over 200 products spanning across key therapeutic classes, including Anti- infectives, Nervous System, Respiratory System, Cardio Vascular and Lifestyle conditions. Revenue by Therapy Area Top 10 Products 2015 Brand Generic Name Class Cefixime 3rd generation cephalosporin Others Cefpodoxime 6% 3rd generation cephalosporin proxetil 61% 3% Cefuroxime Axetil 2nd generation cephalosporin Angiotensin receptor blocker 0.3% Valsartan 2% (ARB) Ciprofloxacin Fluoroquinolone Histamine H2-receptor 4% Ranitidine HCl 3% antagonist Clopidogrel Inhibitor of ADP-induced Bisulfate platelet aggregation 6% 6% Clarithromycin Macrolide antibiotic Diclofenac NSAID 9% Gamma-aminobutyric acid Pregabalin analogue 9 © 2017 Pharma International Company Our Manufacturing Capabilities And Certification Main Plant Cephalosporins Plant The Main Plant covers a total area of about 9,300 The Cephalosporin plant covers a total area of 5,000 m2 that is equipped to produce the following m2 that is equipped to produce the following dosage dosage forms: forms: • Tablets • Tablets • Capsules • Capsules • Liquids • Dry Suspensions • Creams, Ointments and gels • Injections • Suppositories • Medicated shampoos Accreditations in 2015 GMP Certificates ISO Certificates • Jordan • Iraq • 9001 • Saudi Arabia • Sudan • 14001 • Ireland • Yemen • GCC • Tanzania • Chad 10 © 2017 Pharma International Company Contents • Company Overview • Profile and Financial Performance • MENA Operating Environment • Plan and Focus Areas • Key People and Contacts • Execution Credentials 11 © 2017 Pharma International Company Although Real GDP Growth Has Slowed Down In MENA, Middle East And Africa Is Still The Second Fastest Growing Pharmaceutical Market Real GDP Growth (%) Market Size - 2015 5.0% 4.0% 433 11.9% 3.0% 7.8% Bn 7.2% [VALUE] 6.3% 2.0% 3.3% 3.8% 2.0% US US Dollars/ CAGR 2016-20 159 149 1.0% 68 38 20 17 16 0.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 World (Market Exchange Rates) MENA USA APAC EU 5 LATAM MEA CEE CIS India * Source: The Economist Intelligence Unit, January 2017 * Source: IMS 12 © 2017 Pharma International Company Source: The Economist Intelligence Unit, IMS Branded Generics Have Grown Faster Than Innovators; Growth Specially Driven By KSA, UAE & Egypt BGx CAGR ('13-'15) Ox CAGR ('13-'15) Kuwait 76% 12% 11% -3.1% -1.5% UAE 58% 21% 20% 24.4% 10.4% KSA 49% 24% 26% 20.0% 10.9% Lebanon 48% 24% 27% 6.6% -4.6% Tunisia 45% 35% 17% 3.8% -1.1% Algeria 41% 41% 15% 6.7% 6.1% Egypt 39% 39% 20% 17.8% 15.7% Jordan 33% 34% 32% -7.6% -7.0% Morocco 32% 45% 22% 1.1% -3.0% Total 47% 30% 22% 13.4% 8.1% Below market average Original Branded Generics Other Unbranded Generics Above market average 13 © 2017 Pharma International Company Source: IMS MENA Health Indicators are a Proxy For Sustained Growth MENA Countries Health Expenditure Per Capita (USD) 3,071 Share of healthcare expenditure out of the country’s total expenditure 14.2% 13.7% 2,405 2,466 2,320 11.6% 2,272 10.7% 9.9% 10.5% 8.7% 8.2% USD 1,442 6.0% 5.6% 4.9% 6.5% 5.8% 932 987 5.8% 4.8% 785 798 806 3.9% 667 3.9% 594 447 376 282 202 14 © 2017 Pharma International Company Source: World Bank - Health Nutrition and Population Statistics Key Therapeutic Area Growth Across Emerging Markets The patent expiry of several key The reason behind such enormous growth is 20% antipsychotics and anti-depressants the massive number of patent expiries. Almost contribute to the rapid growth of CNS half of the asthma and COPD market drugs are drugs market between 2014 and 2018 set to lose patent protection by 2016 14% Fast Growing 12% Prevalence across the MENA Fast Growing region and India make this 10% segment a very attractive market driven by high prices, Fast Growing new diagnosis and generic CAGR Fast Growing 8% Growing penetration One of the promising segments for generic participants to 6% Growing venture into between 2012 and Stable 2017 is oncology as drugs worth $15bn are set to lose 4% patent protection by 2015 2% 0% Cardiovascular CNS Oncology Rheumatology Respiratory Diabetes Others Bubble size represents market value Source: Frost & Sullivan analysis 15 © 2017 Pharma International Company Contents • Company Overview • Profile and Financial Performance • MENA Operating Environment • Plan and Focus Areas • Key People and Contacts • Execution Credentials 16 © 2017 Pharma International Company PIC’s Key Strategic Goals 1 2 3 Achieve Leadership Build And Sustain A Expand Regional Through High Diversified Product Footprint Portfolio Quality Products 17 © 2017 Pharma International Company PIC Focused Therapeutic Areas Areas of Choice IMS Prognosis 2014-2018 ATC Class (MENA Projections 2014-2018) CAGR (%) Primary Care • Cardiovasculars Alimentary Tract and Metabolism 14.5% • Diabetes Blood and Blood-Forming Organs 14.6% • Respiratory • Anti-infectives Cardiovascular System 14% Dermatologicals 13% Specialty Care Genito-urinary System and Sex Hormones 12.4% • CNS Systemic Anti-infectives 10.9% • Oncology Antineoplastic and Immunomodulating 13.3% Agents Musculo-skeletal System 13.6% Game Changers • Hepatitis C Central Nervous System 13.8% • Biosimilars Respiratory System 12.7% 18 © 2017 Pharma International Company Source: IMS Health and Economist Intelligence Unit Focus Therapeutic Areas Anti-infectives Diabetes GIT • Leverage on PIC’s strong • Develop a broad diabetes • Building a high-value presence in the anti-infectives portfolio including novel insulin specialized portfolio leveraging segment. delivery systems and oral on the existing GI portfolio • Expand PIC’s regional hypoglycaemic agents. • Selectively target innovative leadership in oral and sterile • Target generic fixed-dose products in Ulcerative Colitis, Grow Cephalosporines combinations in addition to IBS, IBD and Crohn's Disease. • Target licensing opportunities licensed-in novel molecules. focused on novel, newer • Invest in Phase III assets generation Cephalosporines targeting MEA rights. and Penems. Oncology Respiratory Biosimilars • Develop strategic partnerships • Develop strategic technology • Target EU/US based biosimilar with specialty oncology players. partnerships for mDPI and leaders for partnership across • Target broad-based therapeutic selected pMDI products.