Announcement PDF ASX Announcement 5 June 2025 Annual General Meeting – Presentation and Addresses Enlitic, Inc. (ASX: ENL) (“the Company”) attaches a copy of the Chair address and presentation to be made at today’s Annual General Meeting of the Company. – ENDS – This announcement was authorised for release by the Board of Enlitic, Inc. Enquiries: Enlitic Investor Relations Australia: invest_au@enlitic.com About Enlitic Enlitic is a software company that uses artificial intelligence to develop software products that manage medical imaging data in radiology (such as MRI, CT scans, X-ray and ultrasound images) and licences such products to healthcare providers. Enlitic’s products (including its current product offering and product suite under development) seek to standardise, protect, integrate, and analyse data to create the foundation of a real-world evidence platform that can improve clinical workflows, increase efficiencies, and expand capacity. Read more at enlitic.com. Enlitic’s CDIs are traded on ASX in reliance on the safe harbour provisions of Regulation S under the US Securities Act of 1933 as amended, and in accordance with the procedures established pursuant to the provisions of a no action letter dated 7 January 2000 given to ASX by the staff at the US Securities and Exchange Commission. The relief was given subject to certain procedures and conditions described in the no action letter. One of the conditions is that the issuer provides notification of the Regulation S status of its securities in communications such as this announcement. Read more at enlitic.com. Enlitic, Inc. ARBN 672 254 027 1 Chairman’s Address At Enlitic, we are seeking to address a significant issue in the healthcare industry: the growing data volumes which are unstandardized, fragmented and under-utilised. This issue significantly compromises data quality and also impacts healthcare organisations’ ability to deliver care to their patients. The products we bring to market are industry-leading and help address these problems. Research has shown that AI‑enabled analysis tools are reducing diagnosis time by up to 30%. Our software framework uses AI to create a network between our clients’ applications which facilitates better communication and enables their data to be more useful, more accurate and more efficient – this ultimately provides better care for patients. The increasing demand for data imaging in healthcare markets and the soaring data volumes associated with this drives the need for our products that are already commercially available through our Ensight 2.0 framework, components of which were delivered ahead of schedule in mid 2024. Frequent data migrations are essential for staying current with technological advancements but often introduce challenges. Our recent acquisition of Laitek also provides us with the ability to address our client’s need for safe, efficient and accurate migration of healthcare imaging data. Our data migration capabilities have been shown to significantly reduce costs and timelines as they transfer data 5 – 10 times faster than traditional methods, resulting in better outcomes for our customers and their patients. We are committed to advancing intelligent data frameworks and driving innovation and growth for the healthcare industry. We aim to empower healthcare professionals in a number of different ways to drive better patient outcomes, including: • • • • Providing them with high quality data to make accurate assessments and improve patient outcomes; Providing them with advanced tools and strategies to implement complex data migrations and allow them to stay current with innovations; Improving their data management practices and drive operational efficiency; and Facilitating value creation from their medical imaging and data migration through data standardisation, anonymisation, validation and migration. As the healthcare landscape continues to evolve, providers must harness advanced data and medical imaging technologies to deliver more effective and personalised care, and we are well placed to support healthcare providers on this journey. Our superior product offering was validated with the recently announced partnership with GE Healthcare, the largest deal done in Enlitics history, which can bring in up to $A50m of revenue into Enlitic over the next 5 years. With all these positive developments, I understand shareholders frustration over the languishing price of our CDIs, which is partly a function of broader markets and partly the idiosyncratic risk within the business which we are actively addressing. Namely, as a board, we are focused on achieving profitability to enable a sustainable business and continue to deliver strong partnerships, like GE, as well as deliver long term value to shareholders. ENLITIC, INC. AI DRIVEN DATA MANAGEMENT FOR THE MEDICAL IMAGING SECTOR Annual General Meeting 5 June 2025 Important Notice and Disclaimer This presentation has been prepared by Enlitic, Inc. (Enlitic or the Company) to provide summary information about the Company and its associated entities as at the date of this presentation, and the information in this presentation remains subject to change without notice. The Company has no obligation to update or correct this presentation. The presentation is for informational purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or the law of any other jurisdiction. The information contained in this presentation does not constitute investment or financial product advice (nor taxation or legal advice) and is not intended to be used as the basis for making an investment decision. No representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation. 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Recipients of this presentation are cautioned therefore to not place any reliance on the financial (or other) information included in the presentation. A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. All dollar values are in Australian dollars (A$) unless otherwise stated. Certain market and industry data (including industry forecasts, projections, market sizes, market shares and market positions) included in this presentation has been obtained from public filings, research, surveys or studies conducted by third parties, including industry and general publications, which has not been independently verified by the Company, as well as from the Company’s own internal estimates and research. The Company cannot warrant or guarantee the adequacy, fairness, accuracy or completeness of such information. You should note that market data and statistics are inherently predictive and subject to uncertainty and not necessarily reflective of actual market conditions. There is no assurance that any of the industry or market forecasts, including management estimates, which are referred to in this presentation will be achieved. In addition, such data involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. In addition, while the Company believes its own estimates and research are reliable, such estimates and research have not been verified by any independent source. This presentation may contain trademarks and trade names of third parties, which are the property of their respective owners. Third party trademarks and trade names used in this presentation belong to the relevant owners and use is not intended to represent sponsorship, approval or association by or with the Company. 2 Agenda Welcome & Chairman’s Address Formal Items of Business - Resolutions & Questions Closure of Annual General Meeting CEO’s Presentation - 2024 Highlights - Recent Strategic Progress - Growth Pathway & Outlook - Q&A 3 Chairman’s Address Lawrence Gozlan, Chairman 4 Board And Executive Management Board of Directors Executive Management Lawrence B. Gozlan Michael Sistenich Mr. Gozlan is the Chief Investment Officer and Founder of Scientia Capital and currently serves as a Director on several private and public company boards in Australia. Michael has over 24 years of experience in the investment banking, corporate finance and asset management industry. Sergio Duchini Darren Scotti Sergio drives strategy and growth with a strong focus on customer, innovation, M&A and corporate governance by leveraging his knowledge and experience in strategy development & implementation, accounting & finance, corporate structuring and M&A. Darren is a veteran CFO and board member with over two decades of experience managing capital. Board Chair, Non-Executive Director Non-Executive Director Executive Director & Chief Executive Officer Chief Financial Officer and Company Secretary Lisa Pettigrew Non-Executive Director Lisa has 25+ years experience in management consulting and technology services companies across multiple vertical industries, with a particular expertise in healthcare and life sciences. 5 Our Mission Enlitic’s mission is to revolutionise healthcare by leveraging AI and data, empowering evidence-based decision-making, enhancing research, and transforming healthcare delivery. Industry Problems Radiology departments are experiencing workflow and capacity challenges compounded by a lack of data standardisation that impacts data quality and stakeholders within the enterprise. Staff within the radiology departments are experiencing high rates of stress and burnout resulting from increased workloads, increasing complexity of imaging studies and conflicting demands on time. Millions of studies encompassing petabytes of data must be moved with a low margin of error and meticulous management of migration timings to ensure patient wellbeing. Solution The Enlitic solution is built upon a software framework, creating a network between applications. It houses an ecosystem that enables and supports the exchange of information or content between different interdependent applications. The framework facilitates communications between modalities, Enlitic applications, Electronic Medical Records and PACS. It features a host of AI-powered applications that enable data standardisation, de-identification, anonymisation and workflow simplification. Our healthcare data migration solution significantly reduces costs and timelines by securely preserving nonessential studies. 6 Transforming Care with Data and Technology Healthcare Providers Complex Data Migration Innovation & Growth Empowering Value Creation Productivity Improvement 7 Meeting Procedures Questions Voting Proxies Resolutions 8 Resolution 1 Re-election of Class II Director – Michael Sistenich To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: Summary of Proxies Voted Resolution 1 For 170,024,381 Open 600 Against 0 Abstain 1 “That Michael Sistenich, being eligible, offers himself for election, be elected a Director to hold office until the 2028 annual meeting of Stockholders.” 9 Resolution 2 Re-election of Class II Director – Sergio Duchini To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: Summary of Proxies Voted Resolution 2 For 170,024,381 Open 600 Against 0 Abstain 1 “That Sergio Duchini, being eligible, offers himself for election, be elected a Director to hold office until the 2028 annual meeting of Stockholders.” 10 Resolution 3 Ratification of the Company’s accounting firm To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: “To ratify selection by the Audit and Risk Committee of the Board of Directors of RSM Australia Pty Limited as independent registered public accounting firm of the Company for its fiscal year ending 31 December 2025.” Summary of Proxies Voted Resolution 3 For Open 170,024,381 600 Against 1 Abstain 1 11 Resolution 4 Ratification of Common Stock (and corresponding CDIs) under Tranche 1 of the Placement To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: “That, for the purpose of Listing Rule 7.4 and for all other purposes, Stockholders ratify and approve the issue under Listing Rule 7.1 of 87,475,190 shares of Common Stock (and corresponding CDIs over such Common Stock) at A$0.04 each to certain unrelated professional, sophisticated and other investors under Tranche 1 of the Placement on the terms and conditions set out in the Explanatory Memorandum.” Summary of Proxies Voted Resolution 4 For 123,404,501 Open 600 Against 0 Abstain 1 12 Resolution 5 Proposed issue of Common Stock (and corresponding CDIs) under Tranche 2 of the Placement To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: “That, for the purpose of Listing Rule 7.1 and all other purposes, Stockholders approve the issue of up to 102,957,349 shares of Common Stock (and corresponding CDIs over such Common Stock) at A$0.04 each to certain unrelated professional, sophisticated and other investors under Tranche 2 of the Placement on the terms and conditions set out in the Explanatory Memorandum.” Summary of Proxies Voted Resolution 5 For 123,404,501 Open 600 Against 0 Abstain 1 13 Resolution 6 Proposed issue of Common Stock (and corresponding CDIs) to Mr Michael Sistenich (and/or his nominee(s)) under Tranche 2 of the Placement To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: Summary of Proxies Voted Resolution 6 For Open 167,924,382 600 Against 2,100,000 Abstain 0 “That, for the purpose of Listing Rule 10.11 and all other purposes, subject to Resolution 5 being passed, Stockholders approve the issue of up to 1,250,000 shares of Common Stock (and corresponding CDIs over such Common Stock) at A$0.04 each to Mr Michael Sistenich (and/or his nominee(s)) under Tranche 2 of the Placement on the terms and conditions set out in the Explanatory Memorandum.” 14 Resolution 7 Proposed issue of New Options To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: “That, for the purpose of Listing Rule 7.1 and all other purposes, Stockholders approve the issue of up to 124,375,000 New Options to certain unrelated professional, sophisticated and other investors, with each New Option having an exercise price of A$0.05 and an expiry date of 3 years from the date of issue on the terms and conditions set out in the Explanatory Memorandum.” Summary of Proxies Voted Resolution 7 For Open 121,302,091 600 Against 2,102,410 Abstain 0 15 Resolution 8 Proposed issue of New Options to Mr Michael Sistenich (and/or his nominee(s)) Summary of Proxies Voted Resolution 8 For 167,921,971 To consider, if thought fit, to pass the following resolution as an ordinary resolution by the affirmative vote of a majority of the votes cast: Open Against 2,102,411 “That, for the purpose of Listing Rule 10.11 and all other purposes, subject to Resolution 7 being passed, Stockholders approve the issue of up to 625,000 New Options to Mr Michael Sistenich (and/or his nominee(s)), with each New Option having an exercise price of A$0.05 and an expiry date of 3 years from the date of issue on the terms and conditions set out in the Explanatory Memorandum.” Abstain 0 600 16 Resolution 9 Approval of Additional 10% Placement Capacity To consider, if thought fit, to pass the following resolution as a special resolution by the affirmative vote of at least 75% of the votes cast: "That, for the purpose of Listing Rule 7.1A and all other purposes, Stockholders approve the issue of Equity Securities up to 10% of the issued capital of the Company (at the time of the issue) calculated in accordance with Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Memorandum." Summary of Proxies Voted Resolution 9 For Open 168,271,971 600 Against 1,752,410 Abstain 1 17 CEO Presentation Michael Sistenich, CEO 18 What we do Enlitic is a software development company that uses artificial intelligence to develop software products that manage medical imaging data in radiology and licences such products to healthcare providers. Enlitic’s 2024 acquisition of Laitek, one of the major providers of techenabled healthcare data migration and routing services in the United States, has expanded the Enlitic portfolio to include data migration capabilities. Enlitic is at the forefront of empowering healthcare providers with its advanced data standardisation and AI-enabled solutions for medical imaging. The progress Enlitic is making is reflected in the pipeline growth and business relationships it has developed, leveraging the 2024 acquisition of Laitek to aid in that growth. 19 2024 Highlights Strategic Release of Ensight 2.0 ahead of schedule acquisition of Laitek, Inc. 129% Pipeline strengthened by acquisition of Laitek, up increase in revenue 40.5% on 2023 16 new agreements signed GE HealthCare MSA Signed with Laitek US$1.0m in savings through cost control & synergies 20 Opportunity through technology Ensight 2.0 Referring Clinics Referring Hospitals Primary Hospital Target PACS DICOM Medical imaging studies Data Migration Internal Upgrades Storage to cloud Cost Savings M&A Activity Standardised, de-identified, anonymised DICOM Medical imaging studies Target Systems Teleradiology Target VNAs PACS Archive 21 Laitek: Solving Complex Problems Efficiently An essential component of the medical imaging ecosystem TECH ENABLED DATA MIGRATION THE REALITY: HIGHLY COMPLEX THE PREMISE IS SIMPLE The process of extracting, translating and loading archived medical imaging data from one source (legacy PACS) to another source (target PACS) Reasons health systems typically undergo a migration Internal Upgrades Storage to cloud Cost Savings Many millions of studies encompassing petabytes of data are needed to be moved There is an extremely low margin of error and if performed incorrectly, may result in destruction of critical data Meticulous management of migration timings is necessary otherwise the entire PACS can crash, severely impacting patient wellbeing M&A Activity Extremely time consuming, often taking upwards of 12+ months to complete The migration software can take 10+ years and millions of dollars to develop 22 Recent Business Highlights Significant Commercial Progress • • • • Migration pipeline1 grown by more than US$60m since Laitek acquisition. Secured US$1.6m (A$2.6m) of new contract revenue to 23rd April 25, with 75% expected to be recognized in CY25. Additional US$0.6k (A$0.9m) of new contract value signed through end May 2025. Recognized Revenue in CY25 anticipated to be in the order of US$9-$11m (A$14.5-$17.5m) Business Integration & Strategy • • • Driving growth and capturing market share through AI Enabled Migrations. Technology integration incorporated into unified Product Roadmap. Cost and revenue synergies delivered ahead of expectations. GE HealthCare Collaboration • • 1. Executed binding MOU with GE HealthCare under which Laitek will work in good faith to deliver between US$3-6m per year (A$5-10m) of annual migration capacity to GEHC for next 5 years (i.e. potentially up to US$30m (A$50mn) of migration capacity). Foundational collaborator for GE HealthCare Genesis Cloud Product Suite. The dollar values represent the Company’s estimate (based on initial discussions and assessments with each potential customer) of TCV (the total contracted minimum licence revenue to be charged over the term (generally 3 years of contracts entered into with customers) of the contract), migration project revenue to be charged based on completion of milestones under the migration project, plus ancillary revenue (as applicable)) of each customer pipeline opportunity if every such opportunity was to result in a signed Licence Agreement (and the Company has assumed each such Licence Agreement has a term of 3 years) or having regard to the number and type of studies anticipated to be migrated in respect of relevant projects. There is no guarantee that any of the customer pipeline opportunities will result in any contracted clients or contracted revenue, and the dollar values indicated do not in any way represent an estimate of likely future revenue arising from those. It merely provides an indication of the potential size of the revenue opportunity presented by the customer pipeline opportunities. 23 GE HealthCare Relationship Formalized GEHC Genesis Portfolio GEHC announced a new cloud-suite of enterprise imaging solutions at HIMSS 2025. • Designed to improve patient care coordination, reduce operational costs and maintain robust security standards. • Enlitic is a foundational collaborator of this strategy with its AI-enabled data migration. • Enlitic will streamline providers’ transition from legacy on premise systems to modern infrastructures in the cloud. • Ensight suite of data standardization and management tools will be onboarded and deployed through Amazon Web Services, a key partner. Genesis Cloud Enterprise Imaging SaaS Solutions Edge Storage Vendor Neutral Archive Data Migration “Through a collaboration with Enlitic, a leader in healthcare imaging data and solutions, there will be large-scale, AI-enabled data migrations by utilizing standardized, high-quality imaging data essential for next-generation healthcare solutions. This streamlines cloud transitions so healthcare providers worldwide can adopt modern infrastructures more efficiently.” GEHC News Release March 4, 2025 24 Enlitic Combined Pipeline1 Accelerating Revenue Targets via Advancing Key Pipeline Opportunities Pipeline Pipeline remains healthy and growing • Focus on conversion and implementation. • Integrations with OEMs will drive faster time to revenue. ENSIGHT Significant growth across both OEM and Direct channels • Enhanced Migrations with Data Standardisation well received by clients MIGRATION SERVICES Migration revenues opportunities well ahead of expectations • Drive Ensight adoption to Migration customers. No. of Contracts Total Contract Value Pending Progression2 37 $32.0m Open Opportunity3 95 $55.6m OEM Channel 36 $70.6m Direct Channel 23 $4.8m Ensight Pipeline 133 $87.6m Migration Services Pipeline 59 $75.4m Combined Pipeline 173 $163.0m Pipeline Stage TOTAL All currency in USD 1. 2. 3. The dollar values represent the Company’s estimate (based on initial discussions and assessments with each potential customer) of TCV (the total contracted minimum licence revenue to be charged over the term (generally 3 years of contracts entered into with customers) of the contract), migration project revenue to be charged based on completion of milestones under the migration project, plus ancillary revenue (as applicable)) of each customer pipeline opportunity if every such opportunity was to result in a signed Licence Agreement (and the Company has assumed each such Licence Agreement has a term of 3 years) or having regard to the number and type of studies anticipated to be migrated in respect of relevant projects. There is no guarantee that any of the customer pipeline opportunities will result in any contracted clients or contracted revenue, and the dollar values indicated do not in any way represent an estimate of likely future revenue arising from those. It merely provides an indication of the potential size of the revenue opportunity presented by the customer pipeline opportunities. Pending Progression: Customers that have shown an initial interest in Enlitic’ s products but has placed the sales process on a temporary hold due to their own internal factors, such as, IT capacity or budget constraints. Open Opportunity: Customers actively engaged with Enlitic in the sales process. 25 Our Pathway to Growth Material interest