Velan Investor Presentation Q1 F2024
Disclaimer
The following investor presentation provides an analysis of the consolidated operating results and financial position of Velan Inc. ("the Company") for the
quarter ended May 31, 2023. This investor presentation should be read in conjunction with the Company's audited consolidated financial statements for
the years ended February 28, 2023 and 2022. The Company's consolidated financial statements have been prepared in accordance with International
Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS"). The significant accounting policies upon which
these consolidated financial statements have been prepared are detailed in Note 2 of the Company's audited consolidated financial statements. All
foreign currency transactions, balances and overseas operations have been converted to U.S. dollars, the Company's reporting currency. This investor
presentation was approved by the Board of Directors of the Company on July 6, 2023. Additional information relating to the Company, including the
Annual Information Form and Proxy Information Circular, can be found on SEDAR at www.sedar.com.
NON-IFRS AND SUPPLEMENTARY FINANCIAL MEASURES
In this investor presentation, the Company has presented measures of performance or financial condition which are not defined under IFRS ("non-IFRS
measures") and are, therefore, unlikely to be comparable to similar measures presented by other companies. These measures are used by
management in assessing the operating results and financial condition of the Company and are reconciled with the performance measures defined
under IFRS. Reconciliations of these amounts can be found at the end of this presentation. The Company has also presented supplementary financial
measures which are defined at the end of this presentation.
FORWARD-LOOKING INFORMATION
This investor presentation may include forward-looking statements, which generally contain words like "should", "believe", "anticipate", "plan", "may",
"will", "expect", "intend", "continue" or "estimate" or the negatives of these terms or variations of them or similar expressions, all of which are subject to
risks and uncertainties. These risks and uncertainties are disclosed in the Company's filings with the appropriate securities commissions. While these
statements are based on management's assumptions regarding historical trends, current conditions and expected future developments, as well as other
factors that it believes are reasonable and appropriate in the circumstances, no forward-looking statement can be guaranteed and actual future results
may differ materially from those expressed herein. The Company disclaims any intention or obligation to update or revise any forward-looking
statements contained herein whether as a result of new information, future events or otherwise, except as required by the applicable securities laws.
The forward-looking statements contained in this presentation are expressly qualified by this cautionary statement.
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