Emyria Expansion & Strategic Update Webinar Presentation
Released
Released
Announcement PDF
ASX : EMD
Responding To
Australia’s Mental
Health Crisis
Advanced therapies.
Compassionate care.
28 August 2025
Company Update
Disclaimer
This presentation has been prepared by Emyria Limited ACN 625 085 734 (Company or Emyria). This presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any
person to sell or purchase securities in Emyria in any jurisdiction. This presentation contains general information only and does not consider the investment objectives, financial situation and needs of individual investors.
Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial adviser having regard to their personal objectives, financial
situation and needs before taking any action. No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability or adequacy of any statements, estimates, opinions or other information, or
the reasonableness of any assumption or other statement, contained in this presentation. Nor is any representation or warranty (express or implied) given as to the accuracy, completeness, likelihood of achievement or
reasonableness of any forecasts, prospective statements or returns contained in this presentation. Such forecasts, prospective statements or returns are by their nature subject to significant uncertainties and contingencies,
many of which are outside the control of Emyria. To the maximum extent permitted by law, Emyria and its related bodies corporate, directors, officers, employees, advisers and agents disclaim all liability and responsibility
(including without limitation any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, this presentation.
An investment in Emyria securities should be considered speculative and is subject to investment and other known and unknown risks, some of which are beyond the control of Emyria. Emyria does not guarantee any rate of
return or the absolute or relative investment performance of Emyria securities. The distribution of this presentation including in jurisdictions outside Australia, may be restricted by law. Any person who receives this presentation
must seek advice on and observe any such restrictions.
This release may contain certain forward-looking statements with respect to matters including but not limited to the financial condition, results of operations and business of Emyria and certain of the plans and objectives of
Emyria with respect to these items. These forward-looking statements are not historical facts but rather are based on Emyria's current expectations, estimates and projections about the industry in which Emyria operates, and its
beliefs and assumptions. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates", "guidance" and similar expressions are intended to identify forward looking statements and should be
considered an at-risk statement. Such statements are subject to certain risks and uncertainties, particularly those risks or uncertainties inherent in the process of developing technology and in the endeavour of building a
business around such products and services. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of
Emyria, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward looking statements. Emyria cautions shareholders and prospective shareholders not to place
undue reliance on these forward-looking statements, which reflect the view of Emyria only as of the date of this release. The forward-looking statements made in this announcement relate only to events as of the date on which
the statements are made. Emyria will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date
of this announcement except as required by law or by any appropriate regulatory authority.
All medicines carry risks and specialist prescribers, such as registered psychiatrists, are best placed to assess the suitability of a new medication against a patient’s individual circumstances and medical history before
proceeding. Adverse effects of MDMA include high blood pressure, increased pulse rate, faintness, and panic attacks, and in some rare cases it can cause loss of consciousness or trigger seizures. Other side effects include
involuntary jaw clenching, decreased appetite, restless legs, nausea, headache, sweating and muscle/joint stiffness. Adverse effects of psilocybin can include temporary increase in blood pressure and a raised heart rate. There
may be some risk of psychosis in predisposed individuals. The effects of MDMA and psilocybin are unlikely at low doses in the treatment regimens used in psychedelic-assisted psychotherapy while appropriately managed in a
controlled environment with direct medical supervision. The risk profile of the MDMA inspired compounds is currently unknown.
The availability of these products is subject to the safety and efficacy of the products being tested through clinical trials. Emyria makes no representations or warranties as to the safety or efficacy of the products or the products’
ability (or the ability of its key compounds) to be used in the treatment of indications such as PTSD. There are currently no approved products containing MDMA, psilocybin or MDMA inspired compounds that the TGA has
evaluated for quality, safety and efficacy.
2
Advanced therapies. Compassionate care.
Corporate Overview
ASX: EMD Trading Information
Share Price
Last Traded Share Price
A$0.050
12-Month low / high
A$0.021 / 0.058
Shares Outstanding3
664,160,825
Unlisted Options2
150,390,328
Market Capitalisation 1
~A$32.0M
Last Cash Position 2
~A$4,685M
Shareholding
Substantial Shareholder
Shareholder
%
#1 Holder: Greg Hutchinson, Exec. Chairman2
6.42%
39%
Top 50
NOTES:
1. As of close of market 27 August 2025
2. As reported in June 2025 Quarterly Report, with an additional $1,115m approved at 19 August 2025 EGM
3. Post Tranche 2 allotment
3
Advanced therapies. Compassionate care.
Mental Health Is Australia’s #1, Rising,
Chronic Health Problem
Inaki Ereno
Figure2 : Types of serious illness by age and sex, 2009 to 2021
Bupa CEO
18%
16%
Depression / Anxiety
14%
12%
10%
8%
Mental health is the new pandemic
but the provision of mental health …
services is very fragmented, not
only in Australia but everywhere.
6%
Cancer
4%
2%
Inaki Ereno
0%
2009
2013
2017
2021
Bupa’s Global CEO
May 17, 2025 - 9.00am
4
Advanced therapies. Compassionate care.
Major Funders Are Spending Hundreds of Millions Each Year on Mental Health
Private
Health Insurers
Department of
Veterans’ Affairs
Other
Insurers
$2B
The Government spends
on veteran mental
health each year. 2
Life insurers … paid out more than
spent by Medibank on mental health
hospitalisations in last 10 years,
$219M/yr
$300M/yr
$2.2B in 2024
for retail mental health claims in 2024 4
Almost three in four (veterans) are
estimated to have met criteria for a mental
disorder at some stage in their lifetime. 3
in 2024 alone. 1
Only 26% of insured adults
SOURCES:
1. https://www.heraldsun.com.au/health/mental-health/alarming-research-shows-extent-of-mental-health-crisis-in-australia/news-story/66f6937a316f9dd54673c5a6f692b232
2. https://www.dva.gov.au/sites/default/files/twrp_mhpr.pdf
3. https://www.dva.gov.au/news/latest-stories/report-hospitalisations-suicidality-and-self-harm-released#:~:text=The%20Australian%20Government%20is%20committed,%E2%80%93%20Veterans%20&%20Families%20Counselling%20Service.
4. https://www.abc.net.au/news/2025-07-16/spike-in-mental-health-illness-claims-super-funds-delay-payouts/105531022
5
Advanced therapies. Compassionate care.
Australia’s Unique Opportunity
An Access Pathway For Psychedelics to Treat our Most Serious and Urgent Mental Health Conditions
MDMA-assisted therapy
Australia
for PTSD
is the FIRST jurisdiction in the
world to reschedule two
promising treatments
Psilocybin-assisted therapy
for Depression
6
Advanced therapies. Compassionate care.
Total Addressable Market | PTSD
Adults with difficult to treat PTSD in Australia
Early Target Markets
~29,000 current patients
Australian Adults
With PTSD
~1,500,000
~7% of all adults
Serviceable Addressable
Market (SAM)
1
~585,000
eligible for MDMA-AT
~50% with treatment resistance
~78% of these, medically suitable
With Hospital Cover (~5% Adults 2)
~34,000 current patients
Veterans (~17% of Veterans w PTSD 34)
~2,000 new cases / yr
Workers Compensation
(~12% of mental health WC claims 5)
~$33,000
6
/ Treatment
SOURCES:
1. https://www.abs.gov.au/statistics/health/mental-health/national-study-mental-health-and-wellbeing/latest-release#key-statistics
2. https://www1.racgp.org.au/newsgp/clinical/new-treatment-for-resistant-depression-added-to-pb
3. https://www.dva.gov.au/newsroom/vetaffairs/vetaffairs-vol-40-no3-december-2024/lets-talk-about-post-traumatic-stress-disorder
4. https://www.dva.gov.au/sites/default/files/twrp_mhpr.pdf
5 https://www.safeworkaustralia.gov.au/system/files/documents/1702/work-related-mental-disorders-profile.pdf
6. Average full treatment cost assuming 3 treatment cycles completed
7
Advanced therapies. Compassionate care.
Total Addressable Market | Treatment Resistant Depression
Adults with difficult to treat depression in Australia
Early Target Markets
~20,000 current patients
Australian Adults With
Major Depression
~1,100,000
~4% of adults have
major depression
1
Serviceable Addressable
Market (SAM)
~411,000
eligible for Psilocybin-AT
~33% treatment resistant depression
(TRD)
with Hospital Cover (~5% Adults 2)
~18,300 current patients
Veterans (~11.1% of Veterans w TRD 3)
~1,000 new cases / yr
Workers Compensation
(~7% of mental health WC claims 4)
~$22,000
5
/ Treatment
SOURCES:
1. https://www.abs.gov.au/statistics/health/mental-health/national-study-mental-health-and-wellbeing/latest-release#key-statistics
2. https://www1.racgp.org.au/newsgp/clinical/new-treatment-for-resistant-depression-added-to-pb
3. https://www.dva.gov.au/sites/default/files/twrp_mhpr.pdf
4 https://www.safeworkaustralia.gov.au/system/files/documents/1702/work-related-mental-disorders-profile.pdf
5. Average full treatment cost assuming 2 treatment cycles completed
8
Advanced therapies. Compassionate care.
Emyria Has Overcome Major Barriers To Psychedelic Delivery
And Is Now Building An Operational Moat
Skilled
Therapists
Authorised
Prescribers
Proven
Clinical Model
9
Secure
Drug Supply
Third
Party
Funding
Fit-for- Purpose
Facilities
Advanced therapies. Compassionate care.
Emyria’s P-AT Treatment Model
Medication, ~90 hours of Supervised Intensive Psychotherapy, Follow-Up
ACTIVE TREATMENT PROTOCOL
DOSING
CYCLE 1
DOSING
CYCLE 2
Dosing
Day 1
(8 hrs)
Dosing
Day 2
(8 hrs)
Follow up
Therapy
Sessions x 3
Follow up
Therapy
Sessions x 3
SCREENING AND
PREPARATION
DOSING
CYCLE 3
Dosing
Day 3
(8 hrs)
PTSD only
Follow up
Therapy
Sessions x 3
Each dosing cycle (medication and therapy)
~$10,000 / patient
10
Advanced therapies. Compassionate care.
FOLLOW-UP PERIOD
(12 months from last
Treatment Cycle)
Emyria’s PTSD Program Is Delivering Results
Case Study Kate | From “Permanent Disability” To Back at Work
MDMA-AT
commenced
5 years
PCL-5 < 30
Kate’s story: First responder
70
60
• PTSD due to cumulative workplace traumas
PCL-5 SCORE 1
50
40
6m
30
• Stuck, terrified and tortured by her unrelenting
symptoms and her psychological defenses.
20
10
• Despite all efforts and commitment, treatment and
therapy resistant
0
2018
2019
2020
2021
2022
2023
2024
Date
SOURCES:
1. The PCL-5 is a self-administered, 20-item self-report tool used to measure PTSD symptoms according to diagnostic DSM-5 criteria (Diagnostic and Statistical
Manual of Mental Disorders, 5th Edition).
11
• Myriad of therapies: EMDR, in-vivo, ACT, CBT,
mindfulness, somatic exercises, TMS, imagery
rescripting, nightmare rescripting. Different
psychotropic medications
Advanced therapies. Compassionate care.
Following MDMA-AT, Kate is back at work after
nearly 5 years.
Emyria’s PTSD Program Is Delivering Durable Results
Durable symptom and quality of life improvement, beyond 6 months from a single treatment
Average PCL-5 1 Scores by Visit
(up to 6 months follow-up)
Typical last treatment
Emyria Real-World Data as of
August 1st 2025
>60% of
patients no
longer meet
criteria for
PTSD diagnosis
Patients continue to improve after active treatment has ended.
Baseline
End of
1st Cycle
End of
End of
2nd Cycle 3rd Cycle
3 months after
end of treatment
6 months after
end of treatment
SOURCES:
1. The PCL-5 is a self-administered, 20-item self-report tool used to measure PTSD symptoms according to diagnostic DSM-5 criteria (Diagnostic and Statistical Manual of Mental Disorders, 5th Edition).
12
Advanced therapies. Compassionate care.
80% of
patients have
a clinically
significant
improvement
Emyria’s PTSD Program Is Delivering Results
Durable symptom and quality of life improvement, beyond 6 months from a single treatment
Baseline
Our Empax Model matches
Phase 3 trial outcomes out to 6
months.
% of patients with
PTSD diagnosis after
course of treatment 1
0% drop-out
MDMA-AT
Phase 3 Trials 2
4%
drop-out
SOURCES:
1. The PCL-5 is a self-administered, 20-item self-report tool used to measure PTSD symptoms according to
Diagnostic and Statistical Manual of Mental Disorders, 5th Edition. Scores of <32 = “loss of diagnosis”
2. S. Mitchell 2023, G. Mitchell 2023
3. See ASX release 28th May 2025
13
Advanced therapies. Compassionate care.
Empax PTSD
Program
Real-World
Program 3
Medibank Agreement
Emyria is the only provider Medibank has currently partnered with
Multi-year agreement1
Fully fund eligible, screened patients1
Uncapped patient numbers1
Initially MDMA-AT for PTSD1
Treatments have commenced in Perth2
Treatment to take place in hospital setting1
SOURCES:
1. See ASX Release 16 June 2025
2. See ASX Release 26 August 2025
14
Advanced therapies. Compassionate care.
Other Funders
DVA > Workers Compensation > Others
Workers Compensation and
other funders
Case by case funding approval occuring
First responders more likely to experience PTSD2
DVA to fund Psychedelic Assisted
Therapies for its members1
1.https://www.blackdoginstitute.org.au/news/first-responder-ptsd-rates-rise
2.https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fhealth%2Fmental-health%2Fdva-to-fund-psychedelic-medi
cine-for-veterans-with-ptsd-depression%2Fnews-story%2F4a56bca1577561bf22fe6368f3d2fb91&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE&V21spcbehaviour=append
15
Advanced therapies. Compassionate care.
Emyria’s PTSD Program | Return-To-Work Progress
To Date, 10 Out of 10 Patients With Work-related PTSD Have Returned To Work 6 M Post-treatment
6-8 weeks
0%
working
6-months
25%
planning return
to work
100%
back to gainful
employment
Start of treatment
End of treatment
6m post treatment
16
Advanced therapies. Compassionate care.
Emyria’s Funded Care Pathways Pipeline
Medibank’s PTSD program in WA is the first of many potential funded care pathways
Scoping
Planning
Payer 1
(Melbourne)
Payer 1
(Melbourne)
Payer 2
(Perth)
Payer 2
(Brisbane)
Payer 2
(Perth)
Payer 1
(Brisbane)
Payer 1
(Perth)
Payer 1
(Sydney)
Payer 3
(WA)
Payer 1
(Sydney)
Active 1
Payer 2
(Brisbane)
Payer 1
(Brisbane)
Payer 3
(Perth)
PTSD
Depression
New indications
SOURCES:
1. See ASX Release 18 June 2025
17
Payer 1
(Perth)
Advanced therapies. Compassionate care.
:Further future growth supported by
Adding Payers (eg. Workers Comp, DVA, etc) •
Adding Sites (WA, Qld, + others in planning) •
Expanding indications beyond PTSD and TRD •
To Meet Rising Patient Demand, Emyria Is Accelerating a National Roll-out
(1) Community Clinic 1
3
1
2
(2) Perth Clinic 2
Current
Sites
Near term potential sites
SOURCES:
1. See ASX release 14th April 2025
2. See ASX release 29 July 2025
18
(3) Avive Clinic (QLD) 3
Advanced therapies. Compassionate care.
Emyria’s Growth Strategy
Total Funded Dosing Days Available / week
Secure Site Partners > Grow Capacity > Optimise Utilisation
Additional East Coast
sites under consideration
Future target
Avive site
active
(Qld)
Expansion
within WA 1
35
WA
10
4
today
Q3
Q4
SOURCES:
1. See ASX Release 26 August 2025
19
Currently
active or in
preparation
Advanced therapies. Compassionate care.
Emyria (ASX:EMD) | Upcoming Milestones
Target activities
Grow capacity nationally
Expand funded programs to
via new site partners
include Depression Treatment
Optimise utilisation to
Expand funders for our
grow revenues
programs
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Advanced therapies. Compassionate care.
Why Invest Now?
Unique Timing. Proven Model. Overcome High Barriers To Entry. Programs Funded.
is tackling some of the most serious
health challenges of our generation
First Mover
Advantages
21
High Barriers
Overcome
Advanced therapies. Compassionate care.
Immediate Growth
Potential
Emyria Board
Significant Clinical Services & Global Innovation Expertise
Greg Hutchinson
Dr Michael Winlo
Dr Karen Smith
Dr Mohit Kaushal
Prof Sir John Tooke
Executive Chairman
Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Health Service Leadership:
Research & Data Expertise:
Biopharma Executive:
Health IT Strategist:
5D Clinics
Ex-Palantir healthcare lead,
Medical Doctor and Stanford MBA
100+ clinical trials and 20+
regulatory approvals; Former Chief
Medical Officer and Global Head of
R&D at Jazz Pharma
Key role in Oak Street Health's
$10.6B acquisition by CVS Health;
Served in Obama’s Health IT task
force; Adjunct Professor at
Stanford
Former CEO Sonic HealthPlus
leading 40+ clinics
22
Advanced therapies. Compassionate care.
Clinical Service & Health Payer
Expertise:
Former President of the Academy of
Medical Sciences, influential roles at
BUPA and past advisor to Google
DeepMind
Contact Information
Greg Hutchinson
ghutchinson@emyria.com
Mary-Ann Rennie
mrennie@emyria.com
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