EX-99.2 3 dex992.htm STEREOTAXIS, INC. PRESENTATION SLIDES FOR CONFERENCES Stereotaxis, Inc. presentation slides for conferences
NASDAQ: STXS
Exhibit 99.2


Forward-Looking Statements
During the course of this presentation, the Company may make projections and other forward-
looking statements regarding future events or the future financial performance of the Company,
including without limitation, statements regarding future operating results, growth opportunities
and
other
statements
that
refer
to
Stereotaxis’
plans,
prospects,
expectations,
strategies,
intentions and beliefs. These statements are subject to many risks and uncertainties that could
cause actual results to differ materially from expectations.
For a detailed discussion of risk and uncertainties that affect the Company’s business and qualify
the forward-looking statements made in this presentation, we refer you to the Company’s recent
public filings filed with the SEC, specifically the Form 10-K for the fiscal year ended December
31, 2009.
The Company’s projections and forward-looking statements are based on factors that are subject
to change and therefore these statements speak only as of the date they are given. The
Company assumes no obligation to update any projections or forward-looking statements.
In addition, regarding orders and backlog, there can be no assurance that the Company will
recognize revenue related to its purchase orders and other commitments in any particular period,
or at all, because some of these purchase orders and other commitments are subject to
contingencies that are outside of our control. These orders and commitments may be revised,
modified,
or
canceled
either
by
their
express
terms,
as
a
result
of
negotiations,
or
by
project
changes or delays.
2


Investment Considerations
Addressing market opportunity through two distinct
platforms:
Magnetic Navigation (Niobe)
Enterprise Solutions (Odyssey)
Large, high growth (+20%) cardiology ablation market
Commercial ramp began in mid 2008; leading peer
group grower in 2009 through strong fundamentals
Poised for continued growth in EP
Long term platform expansion into new markets
3


Stereotaxis
Magnetic Platform
Stereotaxis
steers the catheter’s distal tip through external magnetic fields thus
giving the physician precise remote control of therapeutic devices.
4


Stereotaxis
Value –
Magnetic Platform
Precise control of the distal tip of the catheter results in:
Exemplary safety
Effective lesion creation through
constant contact
Exceptional mapping capability 
Proven in all chambers of the heart
5


Before Stereotaxis
After Stereotaxis
Physician
Efficacy
Safety
Efficiency
In procedure room
Physician:
significant X-ray exposure
Patient:
major event rate ~2.8%
Wide standard deviation based on
patient and physician
In control room
Several applications clearly better than manual
-
VT, pediatrics, congenital heart diseases
Other applications comparable to manual
Almost no X-ray exposure
Major event rate reduced to 0.1%
Standardized process drives tighter distribution
around procedure times
High re-do rates
Clinical Environment Overview Market
6


Global EP Market
Source: Millennium Research Group (2009); Stereotaxis internal analysis
EP Procedures
Routine
AF
VT
Other
Total
Complex
Prevalence
Annual Procedures
Annual Growth
+20M
+10M
+3M
+5M
+18M
170k
100k
30k
40k
170k
<10%
25%
15%
15%
20%
Our
Focus
7


Strong
Clinical Validation
More than 150 Peer-Reviewed
Publications
Atrial
Fibrillation
30 Publications
Up
to
100%
acute
success
Improved
chronic
outcomes
Pediatric Arrhythmia
5 publications
93% acute success
Low fluoro, no complications
Congenital Heart
6 publications
90%
success
rate
“As easy as normal adults”
Ventricular Tachycardia
13 publications
Up
to
100%
acute
success
85%
freedom
at
1
year
Radiation Reduction
Patients
67%
Physicians
90%
1. Haghjoo,  JCE 2009.  2. Latcu, Arch Cardiovasc
Dis
2009.  3. Schwagten, PACE 2009.  4. DiBiase, JCE 2009.
5. Augello, Heart Rhythm 2009. 6. Schwagten, PACE 2009. 7. Haghjoo, JCE 2009.  8. Dibiase, Heart Rhythm 2009.
8
3
6
4
5
7
8
2
1


VT Comparison Study Erasmus MC
64 consecutive VT ablation patients
37 Stereotaxis
27 manual
Idiopathic & Scar-Related
No complications in Stereotaxis
group
1 tamponade/death in manual group
Conclusion: “Major
clinical & cost advantages for VT ablation”
97%
14%
170
25
8
81%
50%
228
57
13
0
50
100
150
200
250
Acute Success (%)
Recurrence (%)
Case Time (min)
Fluoro Time (min)
RF Apps
STXS
Manual
p
= 0.03
p
< 0.01
p
< 0.01
p
< 0.001
NS
9
Schwagten, et al. Eur Heart J 2010, 31(Supp):932.


Odyssey Enterprise
TM
Solutions
Odyssey Vision
10


The Odyssey Product Line
CONNECT
CINEMA
VISION
Efficiently integrate
data and control
during procedures
Standardize all labs
to increase staff
effectiveness
Drive world-class
practices by capturing,
compressing and
recording data for storage
and networking
NIOBE
Accelerate clinical
education by playing back
synchronized lab data
Drive quality of patient
care by connecting
clinical experts
Build market exposure
through live web events
showcasing clinical
capabilities
Enhance clinical
capabilities with a
robotic suite
15,000 Interventional
Standard Labs
140 Niobe
Labs
$10K / Year
$190K List
$225K -
$360K List
11


Business Model
Capital Revenue
Recurring Revenue
Niobe
Odyssey
Workstation
Odyssey
Cinema
141 Niobe
systems installed
2,500 EP labs worldwide
20+% growth; ~60% margin
25% growth (YTD 2010 vs. 2009)
80% margin
Equipment service
Technical service
Software license
1-year warranty
Niobe
Utilization
Stereotaxis
disposables
Royalty from J&J BWI
27% growth (2009 vs. 2008); 65+% margin
12


Market Adoption & Procedure Growth
Growing Worldwide Penetration
141 Systems Installed
60% US -
40% OUS
Canada -
3
United States -
77
Europe -
49
Saudi Arabia -
1
Russia -
1
China -
5
Korea -
1
Japan -
1
Singapore -
1
Taiwan -
1
Australia -
1
13


$0.0
$4.0
$8.0
$12.0
$16.0
Q1
Q2
Q3
Q4
2008
2009
2010
$11.2
$8.8
$7.2
$7.3
$5.0
$10.2
$12.4
$6.3
$11.2
$7.7
New Orders to Backlog
Revenue Momentum
Recurring Revenue
$ millions
$ millions
$0
$2
$4
$6
$8
$10
$12
$14
$16
Q1
Q2
Q3
Q4
2008
2009
2010
$7.0
$11.1
$10.6
$10.7
$12.6
$15.0
$10.6
$13.3
$12.1
$14.1
$ millions
Stereotaxis
Financial Update
14


$0.0
$4.0
$8.0
$12.0
Q1
Q2
Q3
Q4
2008
2009
2010
Total Inventory
-$20.0
-$15.0
-$10.0
-$5.0
$0.0
$5.0
Q1
Q2
Q3
Q4
Cash Flow (Burn)
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
Q1
Q2
Q3
Q4
2008
2009
2010
Operating Expenses
55.0%
60.0%
65.0%
70.0%
75.0%
Q1
Q2
Q3
Q4
2008
2009
2010
Gross Margin Percentage
$ millions
$ millions
$ millions
65.5%
68.9%
72.5%
60.8%
63.1%
65.5%
67.8%
67.6%
67.3%
$17.8
$14.8
$14.0
$18.7
$14.6
$16.1
$13.3
$14.6
$15.3
-$12.6
-$11.4
-$6.4
-$7.6
-$5.8
-$3.5
-$4.5
-$2.9
$10.5
$8.1
$4.9
$9.6
$7.5
$8.4
$7.0
$8.1
$4.4
67.2%
$15.8
$4.3
Stereotaxis
Financial Update
15
-$7.9
-$5.6
2008
2009
2010


Liquidity
$3.0
$1.3
$3.6
$0
$2
$4
$6
$8
$10
2010
Operating Cash Flow Ex A/R
BWI Debt
Accounts Receivable
Q2 2010 Cash Burn Analysis
$ Millions
$7.9
$ Millions
$26.3
$19.4
* Cash burn includes repayment of Biosense
Webster advance.
*
16
$6.6
$12.8
$4.3
$30.3
$23.8
$20.7
$22.0
$0
$5
$10
$15
$20
$25
$30
$35
Cash Burn
Cash
Credit Line Availabilty
2008
2009
TTM June
30, 2010
June 30,
2010
June 30,
2009


2010 Focus
I.
Drive Commercial Success
Clinical training/process accelerates adoption
Adoption
creates
stronger
reference
sites
Reference
sites
accelerate
capital
pipeline
&
sales
Niobe
orders generate Odyssey opportunities
Odyssey
(robotic
labs)
placements
generate
standard
lab interest
II.Strengthen EP Product Offering
Product
extensions
Odyssey
link,
Interface,
Carto
III
New
capabilities
launched
with
VDrive
* Year to Date 2010
17
Metrics
25% growth recurring revenue*
5
17
Q2 2010 orders doubled over 2009
Odyssey revenue up 164%*
Standard lab sales 36% of total
Odyssey*


Q & A
18