Full Press Release Details
"Safe harbor" statement under the Private Securities
Litigation Reform Act of 1995: Statements in this presentation regarding Neuronetics, Inc. (the "Company") that are not historical facts constitute "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as "outlook," "potential," "believe," "expect," "plan," "anticipate,"
"predict," "may," "will," "could," "would" and "should" as well as the negative of these terms and similar expressions. These statements include those relating to the
Company's business outlook and current expectations for upcoming quarters and fiscal year 2024, including with respect to revenue, expenses, growth, and any statements of assumptions underlying any of the foregoing items. These statements are
subject to significant risks and uncertainties and actual results could differ materially from those projected. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this release. These risks and
uncertainties include, without limitation, risks and uncertainties related to: the Company's ability to execute its business strategy; the Company's ability to achieve or sustain profitable operations due to its history of losses; the
Company's reliance on the sale and use of its NeuroStar Advanced Therapy system to generate revenues; the scale and efficacy of the Company's salesforce; the Company's ability to retain talent; availability of coverage and
reimbursement from third-party payors for treatments using the Company's products; physician and patient demand for treatments using the Company's products; developments in competing technologies and therapies for the indications that
the Company's products treat; product defects; our revenue has been concentrated among a small number of customers; the Company's ability to obtain and maintain intellectual property protection for its technology; developments in
clinical trials or regulatory review of NeuroStar Advanced Therapy system for additional indications; developments in regulation in the U.S. and other applicable jurisdictions; the terms of our credit facility; our ability to successfully roll-out
our Better Me Provider program on the planned timeline; our self-sustainability and existing cash balances; and our ability to achieve cash flow break-even for the fourth quarter 2024 and on a full-year basis in 2025. For a discussion of these and
other related risks, please refer to the Company's recent filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available on the SEC's website at www.sec.gov. These forward-looking statements are
based on the Company's expectations and assumptions as of the date of this presentation. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this presentation as a
result of new information, future events, or changes in the Company's expectations. Company Confidential 2
Agenda NeuroStar Patient Trends Better Me Provider
Program Adolescent Indication Launch Road to Profitability Company Confidential 3
Weekly New Patient Starts by Month 600 500 400 300 200 100 - Company
Weekly New Patient Starts by Customer Type Up +22% YTD 275 250 225 200
175 150 125 100 75 50 25 - Local Consumables Company Confidential 5
NSU Attendees Help More Patients Receive Treatment 58% Greater
Utilization for NSU Attendees Practices that attend NSU consistently outperform practices that do not on a month-to-month basis. In March 2024, NSU practices performed 58% better over baseline Jan 2022 data, than sites that have not attended. NSU.
Company Confidential 6
Change Healthcare Cyber Attack More than Half of our Customers were
Impacted Has your practice been impacted by the How has your practice been impacted Change Healthcare cyber attack? by the Change Healthcare cyber attack? 54% 40% 24% 22% 60% NO YES TMS TMS TMS Prior-authorizations Patient Starts Reimbursement
Representing 105 practices *Data on file Company Confidential 7
NeuroStar Better Me Provider Pilot Program 222 Providers are
participants required to: in pilot * Clinical evidence demonstrates superior outcomes for patients who complete a course of NeuroStar therapy compared to those who do not complete treatment. However, the actual number of sessions performed is
subject to the medical judgment of the prescribing physician. The number of treatment sessions performed is not a selection criteria for entry into the Better Me Guarantee Program and will not be used as a basis to remove a provider from the
program. | 1. Data on file, Neuronetics, Inc. 8 Company Confidential 8
BMP Raises the Bar for Patient Response Time BMP Non-BMP Active BMP
PHQ-10s (Inside the Practice) Committed Rate of Successful Follow-up 13% 46% 78% (1 Business Day) BMP Non-BMP Active BMP NPL Leads (Outside the Practice) Committed Rate of Successful Follow-up 14% 58% 90% (1 Business Day) Phase 2: Feb 1, 2024
- Apr 7, 2024 Company Confidential 9
Following the 5-Standards, BMP Practices Transform the Lives of More
Patients Avg New MT's BMP Status Per Site for Q1 2024 Non-BMP Provider 3.0 Committed BMP Provider 7.3 Active BMP Provider 10.7 * Sites included were active as of Q1 2024 Company Confidential 10
BMP Practices are Helping Patients Faster Q1 2023 Q1 2024 82 days 17
days 5x Faster from potential patient interest to MT All patient interest in Local Consumable Offices; Phase 2: Feb 1, 2024 - Apr 7, 2024 vs. PY Company Confidential 11
Adolescent Launch 12
New Opportunity with Adolescent Psychiatrists New Customers 1,100+
Existing Customers Supported by Supported by 17 Capital Sales Representatives 45 Practice Development Managers Expanded opportunity Increases the value of NeuroStar system by broadening label to 8,000+ adolescent and
additional patients child psychiatrists 50% of customers treated 6,000 adolescent psych adolescents 15-21 in past year nurse practitioners Actual NeuroStar Increase awareness and Patient and Mom education among adolescents
and highly motivated parents through digital, social media, and mass media outreach Sales force size remains the same Company Confidential 13
NeuroStar is Actively Driving Consumer Awareness Hosted
Adolescent-Focused Media Event in NYC May 15, 2024 PR 22 articles & 60M+ reach to date 120%+ Google search lift 30+ social posts reaching 1.4M 2 articles within 1 week Actual NeuroStar Digital Social Patient and Mom Ads
Media Evaluating Company Confidential 14
The Neurostar Q2 Summit was the largest since inception May 17-18, 2024
The Westin Kierland, Scottsdale AZ Day 1 Day 2 Technology Overview Clinical Operationalizing Marketing System Demo Reimbursement PANEL OF EXPERTS 50% of systems sold to adolescent-focused practices! Brian
Banks, CNP Sobia Kirmani-Moe, MD Kenneth Pages, MD Shahrzad Sims, DO Founder and Managing Psychiatrist,Creator and Medical Director, Medical Director Director of Light Mental Owner of Collaborative TMS of South Tampa Aster Mental Health Wellness,
PLLC Solutions Company Confidential 15
Road to Profitability
Dollars in $000 Operating Expense Trends Variance Increase/(decrease)
Operating Expenses as % of Revenue 140% 120% 130% -3% YOY 115% Change -4% 100% YOY 100% Change 80% 60% 40% 20% 0 2022 2023 2024* Full Year Operating Expenses $84,834 $82,259 $79,000* Company Confidential 17
We Expect our Focused Strategies to Continue Building Momentum
Achieved record results in Q1 Better Me Provider Program key performance indicators: Raises the bar for response time Helps people in need 5x faster Generated awareness for adolescent indication among over 1.5 Million
people Customer impact from Change Healthcare cyber attack is improving On track to achieve cash flow breakeven in 2025 Continuing to invest in customer growth while reducing OPEX from non-commercial spend Company