Annual General Meeting - Addresses & Presentations
Released
Released
Announcement PDF
30 April 2025
Annual General Meeting – Presentations & Addresses
Doctor Care Anywhere Group PLC (ASX:DOC, “Doctor Care Anywhere” or “the Company”) releases
the presentations and addresses to be given at its Annual General Meeting (“AGM”) today,
Wednesday 30 April 2025 at 17:00 (AEST) / 08.00 (BST).
Details of how to attend the AGM have been shared with all shareholders, with instructions
provided in our ASX release on 2 April 2025.
This ASX announcement has been authorised for release by the Board of Directors.
About Doctor Care Anywhere:
Doctor Care Anywhere Group PLC is one of the UK’s largest private providers of telehealth
services. The Company works with insurers, healthcare providers and corporate customers to
connect patients to a range of digitally enabled telehealth services on its proprietary platform. It
is committed to delivering the best possible patient experience and clinical care through digitally
enabled, joined up, evidence-based pathways.
Doctor Care Anywhere Group PLC
ARBN 645 163 873
13-15 Bouverie Street, 2nd Floor London EC4Y 8DP
AGM
30th April 2025
1
© 2025 Doctor Care Anywhere
Important Notice and Disclaimer
This presentation is for information purposes only and it is
not financial product or
investment advice. The
presentation is not intended to be comprehensive or
provide all information required by investors to make an
informed decision on any investment in Doctor Care
Anywhere Group PLC, incorporated in England and Wales
with company number 08915336 and registered as a
foreign company in Australia ARBN 645 163 873 (the
"Company"). In preparing this presentation, the Company
did not take into account the investment objectives,
financial situation or particular needs of any particular
reader.
Readers should obtain their own investment, legal and
tax advice before taking any action on any information
dealt with in the presentation.
Whilst this presentation is based on information from
sources which are considered reliable, no representation
or warranty, express or implied, is made or given by or on
behalf of the Company, any of its directors, or any other
person about the accuracy, completeness or fairness of
the information or opinions contained in this
presentation.
No responsibility or liability is accepted by any of them
for that information or those opinions or for any errors,
omissions, misstatements (negligent or otherwise) or for
any communication written or otherwise, contained or
referred to in this presentation.
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Neither the Company nor any of its directors, officers,
employees, advisors, associated persons or subsidiaries
are liable for any direct, indirect or consequential loss or
damage suffered by any person as a result of relying upon
any statement in the presentation or any document
supplied with this presentation, or by any future
communications in connection with those documents
and all of those losses and damages are expressly
disclaimed.
All amounts are in British pounds (£ or GBP) unless
otherwise indicated. 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.
Investors should also be aware that certain financial data
included in this presentation
including EBITDA and
measures described as “pro forma”, are "non-IFRS
financial information” under ASIC Regulatory Guide 230
(Disclosing non-IFRS financial information). The non-IFRS
financial information financial measures do not have a
standardised
meaning
prescribed
by
Australian
International Financial Reporting Standards (AIFRS) and,
therefore, may not be comparable to similarly titled
measures presented by other companies, nor should they
be construed as an alternative to other financial measures
determined in accordance with AIFRS. Investors are
cautioned, therefore, not to place undue reliance on any
non-IFRS financial measures included in this presentation.
This presentation may contain forward-looking statements
regarding the Company’s intent, belief or current
expectations with respect to its business and operations,
market conditions, results of operations and financial
conditions. Words such as ‘will’, ‘may’,
‘expect’,
‘indicative’, ‘plan’, ‘intend’, ‘seek’, ‘would’, ‘should’, ‘risk’,
‘forecast’ and similar expressions indicate forward-looking
statements which reflect the Company’s current views
with respect to future events and are subject to change and
involve risks, uncertainties and assumptions that could
cause actual outcomes to differ materially from the
outcomes anticipated. Accordingly, readers should not
place undue reliance on forward-looking statements.
Any opinions expressed reflect the Company’s position at
the date of this presentation and are subject to change.
Subject to applicable law, the Company assumes no
obligation to update, review or revise any information
contained in this presentation, whether as a result of new
information, future events or otherwise. Past performance
cannot be relied upon as a guide to future performance.
References to Doctor Care Anywhere in this presentation
are to the Doctor Care Anywhere Group including the
Company and all subsidiaries, unless stated otherwise.
Doctor Care Anywhere Board & Executive Management
Board members
Appointed
John Stier
Chair, independent non-executive
director
May 2022 (Chair since March 2023)
Matthew Addison
Non-executive director
October 2024
Sam Shah
Independent non-executive director
January 2025
David Ravech
Non-executive director
April 2015
Laura O’Riordan
Chief Executive Officer
January 2025
Seema Sangar
Chief Financial Officer
March 2024
Andrew Bellingham
Chief Product & Digital Officer
January 2025
Executive team members
Chair’s Address
John Stier, Chair
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© 2025 Doctor Care Anywhere
DCA - A year of growth and progress
• 2024 - Impressive Financial Improvements
• Delivered growth vs 2023 across key financial measures
• Met all market financial guidance
• A strengthened leadership team
• New leadership with decades of experience in healthcare, technology, and
operational efficiency
• Leadership team brings a proven track record of driving growth, innovation, and
margin improvements in complex and highly regulated industries.
• 2025 goals
•
•
•
•
•
Strengthen and expand current relationships
Sign transformational new business
Drive continued material margin expansion
Accelerate digital delivery to drive scalable growth
Continue to develop innovative clinical pathways
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Clinician-Led, Product-Driven: Innovating Healthcare Together
The NEW leaders that are driving DCA forward
Chairman
Chief Executive Officer
Laura O’Riordan
Chief Financial Officer
Sangar
© 2025Seema
Doctor Care
Anywhere
Chief of Staff
Dr Sam Shah
Chief Customer Officer
Jamie Aspinall
Zoe Sullivan
Chief Operations Officer
Kristien Bateman
Non-Executive Director
Non-Executive Director
Matthew
Addison
David Ravech
John Stier
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Non-Executive Director
Chief Product & Digital Officer
Andrew
Bellingham
Chief Medical Officer
Anushka Mehrotra
Right Time, Right Strategy –
Unlocking Opportunity
Laura O’Riordan,
Chief Executive Officer
7
© 2025 Doctor Care Anywhere
Annual General Meeting 2025
Welcome & agenda
Review of 2024: Key Achievements
Financial Performance Overview
Strategic Priorities for 2025
Growth Opportunities
Closing Remarks
8
© 2025 Doctor Care Anywhere
Our winning formula
£39.3m
711k
Revenue +9% BAU on FY23 Consultations in 2024
24/7
365 Day Operation
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© 2025 Doctor Care Anywhere
+90%
'Excellent' clinical
quality
284k
650
3.1m
Patient Contacts in 2024
98% Call Answered
Employed Staff
Eligible lives
+75
10 Years
90s
NPS Score
73% Returning Patient
Market Experience
Appointment booking
time
Financial Highlights 2024
Continued improvement in all financial metrics
£39.3m
Revenue (A$77.1m)
+9% BAU on FY23
58%
Underlying gross
profit margin
up from 46% in FY23
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© 2025 Doctor Care Anywhere
Underlying EBITDA
loss reduced to
£0.5m (A$1.0m)
Down from £5.9m in FY23
42%
Underlying
contribution margin
Up from 28% in FY23
£4.4m
(A$8.6m)
cash in hand at 31 Dec 2024
Sufficient resources through
to profitability
Underlying cash
generation in
H2 2024
First time in Company’s
history metric achieved
Drive continued growth
Double our revenue and generate at least 15% EBITDA in 3 to 5 years
Annual revenue (£m)*
Underlying EBITDA (£m)
15.0
90
80
10.0
70
5.0
60
50
-
40
(5.0)
30
FY22
FY23
(10.0)
20
10
(15.0)
FY22
FY23
FY24
3 to 5 Years
(20.0)
Aim to at least double our revenue in next 3 to 5 years
EBITDA margin of at least 15% in same period
*2022-2024 revenue figures based on BAU revenue
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© 2025 Doctor Care Anywhere
FY24
3 to 5 Years
Key Priorities – 3 to 5 years
Strengthen and expand current relationships
Become a more strategic partner to our customers by helping them to delight their users, solve
business challenges, improve health outcomes, reduce costs, unlock new service
opportunities.
Sign transformational new business
Gain at least a 10% share of UK’s £682m virtual health market by accelerating conversion from
our strong pipeline of opportunities with PMI’s and Corporates and new channels.
Drive continued material margin expansion
Simultaneously growing our top line while continuing to materially reduce our cost of sales
and non operating costs.
Accelerate digital delivery to drive scalable growth
Using AI navigation tools and systems integration into customer apps to create seamless and
smoother patient journeys.
12
Key Priorities – 3 to 5 years
Strengthen and expand current relationships
Become a more strategic partner to our customers by helping them to delight their
users, solve business challenges, improve health outcomes, reduce costs, and
unlock new service opportunities.
Sign transformational new business
Gain at least a 10% share of UK’s £682m virtual health market by accelerating
conversion from our strong pipeline of opportunities with PMI’s and Corporates and
new channels.
Drive continued material margin expansion
Simultaneously growing our top line while continuing to materially reduce our cost
of sales and non operating costs
Accelerate digital delivery to drive scalable growth
Using AI navigation tools and systems integration into customer apps to create
seamless and smoother patient journeys
13
Strengthen existing client relationships
New proposition development and service expansion will ignite customer and revenue growth
Existing client
Revenue & Customer Growth £
3.5 million
customers
Existing clients
3 million
customers
Pathway navigation to integrated care pathways across
multiple conditions e.g. GLP-1s and Women’s Health
Drive user activation and conversion.
Expanded digital care pathways supported by
technology & expanded clinician skill mix.
Core GP offering and scalable platform
2 million
customers
2023
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Existing client
© 2025 Doctor Care Anywhere
2024
2025
New services & increased scope
2026
A sustainable business model
Lowering our cost to serve and increasing revenue from existing clients will further increase gross margin
3.3m Eligible lives at the end of 2024
Only 1.2m activated lives, leaving 2.1m as further opportunity
Average no of consultations per activated life per year of c0.65
Just an additional 5% of activated lives would generate revenue growth of £1.9m
Increased Revenue
Reduced Cost to serve
Increased skills mix
Reduced appointment times
Increased Gross Margin
Ability to price more
2025
15
2026 2027-29
© 2025 Doctor Care Anywhere
competitively and grow top
line faster
2025
2026 2027-29
Key Priorities – 3 to 5 years
Strengthen and expand current relationships
Become a more strategic partner to our customers by helping them to delight their
users, solve business challenges, improve health outcomes, reduce costs, and unlock
new service opportunities.
Sign transformational new business
Gain at least a 10% share of UK’s £682m virtual health market by accelerating conversion
from our strong pipeline of opportunities with PMI’s and Corporates and new channels.
Drive continued material margin expansion
Simultaneously growing our top line while continuing to materially reduce our cost of
sales and non operating costs.
Accelerate digital delivery to drive scalable growth
Using AI navigation tools and systems integration into customer apps to create seamless
and smoother patient journeys.
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© 2025 Doctor Care Anywhere
In a pressured market, challenges demand solutions.
Our business uniquely turns obstacles into solutions and opportunities
Increased NHS Pressure
Scalable established digital platform
to provide additional capacity
Struggling NHS service with average primary care
wait of 2 weeks
Growing Telehealth Demand
£2.7 billion UK telehealth market size with a
CAGR of 10-12%
Differentiated PMI specific solution
Demand for Employer Led Solutions
Focused solutions on highest absence
rates i.e. MSK & Mental Health
7% annual growth in employer-led health offerings
Increased PMI Uptake
7% Growth in PMI across the UK
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© 2025 Doctor Care Anywhere
DCA Solution
Suite
Primary care digital pathways
reducing referrals
DCA's Wide Range of Services =
Solution to a Market-Wide Health need
Enhanced clinical
support
Digital primary care
clinical intervention
Total population of
68 million
requiring care from
a faltering NHS
31.3 million total working
population employer’s
need to support
3.8 million working
population with chronic
health conditions needing
employer's support
Digital led triage &
pathway navigation
User
engagement &
activation
DCA Solution Suite
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Key Priorities – 3 to 5 years
Strengthen and expand current relationships
Become a more strategic partner to our customers by helping them to delight their
users, solve business challenges, improve health outcomes, reduce costs, and unlock
new service opportunities.
Sign transformational new business
Gain at least a 10% share of UK’s £682m virtual health market by accelerating conversion
from our strong pipeline of opportunities with PMI’s and Corporates and new
channels..
Drive continued material margin expansion
Simultaneously growing our top line while continuing to materially reduce our cost of
sales and non operating costs
Accelerate digital delivery to drive scalable growth
Using AI navigation tools and systems integration into customer apps to create
seamless and smoother patient journeys
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Margin expansion 1: Gross Margin
2024 GM
58%
Increase skills Mix
Currently 60:40
ppt Increase
We can further reduce our cost to serve and increase GM %
Introduce
10-minute
appointments
ppt Increase
GP: Other Clinicians
% Appointments moved to 10 mins*
*(using 2024 number as base)
Margin expansion 2: Overheads
Significant opportunity to reduce non-operating costs
3 to 5 Year Target:
Non operating costs to reduce from c43% to 20% of revenue.
Improve
efficiency and
reduce spend by
using fewer
systems
Simplifying the
way we do
things.
Automating
processes and
reducing manual
input
Transformation
programme
completed in Q1
2025, materially
reducing run rate
spend
Procurement
Reduce 3rd party
spend by
leveraging
economies of
scale
21
Key Priorities – 3 to 5 years
Strengthen and expand current relationships
Become a more strategic partner to our customers by helping them to delight their
users, solve business challenges, improve health outcomes, reduce costs, and unlock
new service opportunities.
Sign transformational new business
Gain at least a 10% share of UK’s £682m virtual health market by accelerating conversion
from our strong pipeline of opportunities with PMI’s and Corporates and new channels..
Drive continued material margin expansion
Simultaneously growing our top line while continuing to materially reduce our cost of
sales and non operating costs
Accelerate digital delivery to drive scalable growth
Using AI navigation tools and systems integration into customer apps to create seamless
and smoother patient journeys
22
Digital infrastructure to enable business growth
Our platform today has the foundations without additional investment
Security &
Governance
Regulatory
Compliance
User verification
Data integrity &
availability
SAFETY
Scalability
Interoperability
Cloud Services
Process automation/
Open APIs
Single Sign-On SSO
Client journey
Flexibility
Modular care
pathways
Configuration/
customisation
White label or
integrated solution
USER NEEDS
AI
Digital Pathway
navigation
COST
integration
SPEED
Differentiated Digital Care Pathways in Primary Care
Delivering scalable, digital-first managed care solutions that improve clinical
outcomes & drive cost efficiencies
+ Clinician Skill
mix
+ GP Virtual
Consultation
+ DCA app/ web
+ White label
app/web
Pre 2024
2024
+ Extend
Clinician Skill
mix
+ Diagnostics/
Health
Assessments
+ Digital care
pathways
+ SSO
2025
+ Digital care
pathways
+ Integrated
digital care
pathways
2026
Clinical Outcomes, Client Value and Differentiation
+ Smart Pathway
Navigation
+ Asynchronous
consultations
+ AI triage
2027
24
Closing
comments
25
© 2025 Doctor Care Anywhere
A Business Performing, A Market Undervaluing
Proven growth and a sustainable business model. More opportunity to come.
DCA has significant growth opportunity
Efficient, Well-Managed, and Cost-Effective
business model
Demonstrated consistent strong year on year
financial progress
Our market performance does not reflect our
financial performance and future opportunity
of this yet!
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Thank you for your time
Strengthen and expand current
relationships
New invigorated leadership
team
Sign transformational new
business
Strong organic growth
Drive continued material margin
expansion
Sustainable margin & profit
improvements
Accelerate digital delivery to
drive scalable growth
Innovative product roadmap
27
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© 2025 Doctor Care Anywhere
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