Investor Presentaiton
Beamtree Holdings Limited - Cornerstone Investment
Beamtree (formerly PKS) is a leading software technology company in the large and fast-growing global healthcare solution market. Beamtree
Overview
Commentary and acquisition
Sector
Industry
Location
Health Care Equipment & Services
Subscription software distribution
Australia, New Zealand, Singapore, Malaysia, South Africa, Europe, USA
Investment Date
Jun-19
Current Market Cap
A$145m¹
Acquisition Value
A$19.5m
Board representative
Mike Hill
Share price performance (last two years)
0.80
0.60
0.40
0.20
•
Beamtree (formerly PKS) provides a highly scalable, proprietary subscription-based Clinical
Decision Support, that enables automation efficiency in pathology and hospitals
205.1%
16.6%
•
A special purpose acquisition company was created by Bombora called Qpro Holdings in
October 2018 which then acquired PKS Holdings Ltd and became the front door listing vehicle
on the ASX in June 2019
In April 2020, Beamtree acquired 100% of Pavilion Health in an all scrip transaction at $8.5m
implying a 1.9x FY19 revenue multiple and 5.1x FY19 Operational EBITDA multiple. The
acquisition of Pavilion Health is consistent with Beamtree's growth strategy to acquire
complimentary healthcare technology companies and expand beyond pathology into the
hospital sector
In August 2021, Beamtree acquired healthcare analytics firm Ainsoff for $1m through a mix of
cash and scrip. Ainsoff is a clinician-led healthcare analytics company with three ready-for-
market product applications that reduce the risk of death for seriously ill patients in hospital
and automate other key clinic processes.
In August 2021, Beamtree acquired Potential (X), for $19.6m (1.8x FY21 revenue and 7.4x FY21
operational EBITDA) through a mix of scrip and cash. Potential (X) is an Australian pioneer in
health data with unrivalled expertise in health data collection, standardisation and
benchmarking of clinic and financial outcomes. The acquisition doubled Beamtree's revenue to
$20m
Mike Hill, MD of Bombora and Chairman of Beamtree, was instrumental in driving the above
acquisitions to its success through Bombora's active management philosophy
The Bombora Special Investments Growth Fund (BSIGF) remains a substantial shareholder of
Beamtree
Sep-19
Dec-19
Mar-20
Jun-20
-ASX:BMT
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
.
-ASX Small Ind. (rebased)
1.
As at 30 September 2021.
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