© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL London Healthcare Conference November 20-21, 2019
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
London Healthcare Conference November 20-21, 2019
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Safe Harbor - Forward Looking Statements
Statements in this presentation which are not purely historical, including statements regarding the Company’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, such as: the Company’s expectations regarding the completion of the public offering, its expectations with respect to granting the underwriters a 30-day option to purchase additional shares and the anticipated use of net proceeds from the offering, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that the Company’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the effect of changing economic conditions, trends in the products markets, variations in the Company’s cash flow, market acceptance risks, and technical development risks. The Company’s business could be affected by a number of other factors, including the risk factors discussed in the preliminary prospectus supplement relating to the offering and the documents incorporated by reference therein, which include the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this presentation. The Company disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this presentation.
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Cryoport – A Trusted Partner to Life Sciences Companies
Life sciences company focused on providing mission critical, proprietary temperature-controlled solutions
Unique capabilities include core competencies to ship, store and deliver biologics in a cryogenic or temperature- controlled state such as:
CAR-T and allogeneic therapies
Human and animal reproductive materials
Animal vaccines
Stem cells
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Quarterly Revenue Trends
$5.3M
$3.0M
$4.0M
$4.6M
Q3-2019 over Q3-2018 growth: 81%
and continued sequential growth
$3.3M
Continued quarterly revenue growth fueled by revenue expansion from existing clients and new clients Commercial
Biopharma revenue increased to $2.6M
Bioservices acquisition contributed $1.2M in revenue for Q3-2019
$5.7M
$2.9M$2.7M
$6.7M
$8.5M
Commercialized Therapies Global Bioservices
$9.6M
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Adjusted EBITDA
$(820,977)
$(428,922) $(435,328)$(334,774)
$250,226
$1,176,715
JUN-18 SEP -18 DEC-18 M AR -19 JUN-19 SEP -19
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Snapshot of the Regenerative Medicine Market
ClinicalTrials
Underway Worldwide by End of Q3 20191,052 Clinical Trials
Ph. I: 363 • Ph. II: 594 • Ph. III: 95
Number of Clinical Trials Utilizing Specific
RM/AT Technology: Q3 2019
TISSUE ENGINEERING
CELL THERAPY
Total: 218Ph. I: 41Ph. II: 147Ph. III: 30
Total: 46Ph. I: 6Ph. II: 23Ph. III: 17
Total: 418Ph. I: 201Ph. II: 201Ph. III: 16
GENE THERAPYGENE-MODIFIED CELL THERAPY
Total: 370Ph. I: 115Ph. II: 223Ph. III: 32
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Revenue Trends & Clinical Trial Growth
Biopharma growth driven by commercial revenue. Clinical trial pipeline continues to grow.
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Cryoport Systems’ Differentiators
Scientifically
Engineered Shippers
Near Real-time
Monitoring
& Automated
Escalation
Alerts
Biostorage
Continuous
RequalificationComprehensive
Logistics
Consulting
Rigorous Process
Intelligent Informatics
Fully Integrated System, Processes and Equipment Supported by the Life Sciences
Industry’s Most Advanced Informatics Platform and 24/7/365
Personnel
All Systems, Processes, and
Platforms Integrate to Support Chain of
Compliance™ Requirements
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Engineered and validated for safe transport of fragile biologics in dynamic shipping conditions
Non-hazardous liquid nitrogen dry vapor technology eliminates cellular degradation
Cryogenically stable temperature providing 10-day dynamic holding time and enabling global reach
Over a decade of data recorded regarding our Cryoport Express® Shippers
International Air Transport Association (IATA) / International Safe Transit Association (ISTA) certified
The C3™ shipper seamlessly integrates Cryoport’s expertise in packaging, informatics and logistics for the secure transport of life science commodities requiring 2-8°C temperatures
Cryoport Express® Shippers are Validated for Safe,Effective and Efficient Transport
Cryoport Express® Shippers are designed to be non-hazardous and capable of
maintaining temperatures of under -150°C for 10 days under dynamic conditions.
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Cryoport Advanced Therapies Shippers™
Cryoport anticipates enhanced regulatory requirements including full traceability of equipment and
processes for improper cold chain management impacting the integrity of cell and gene therapies.
Commercial and Clinical partners requested traceability for commodity history, historical use,
performance, handling, cleaning and disinfection of equipment.
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Minimizing Risk and Maximizing Success
CHAIN OF COMPLIANCETM
Traceability of the Equipment and Processes
Supporting each Client’s or Patient’s Therapy
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
The Cryoportal® Logistics Management Platform
Secure; 21 CFR, Part 11
Compliant
Chain-of-Custody and Chain-of-
Condition; cloud-based archival
Unit level performance tracking
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Reporting
Near real-time monitoring
Proactive alerts and escalation
Appropriate lane optimization
Corrections; Redirections;
Interceptions; Recharging alerts
Cryoportal® can integrate with
manufacturers, hub services,
partner systems, etc.
Automated scheduling
Risk Management Intervention Capable
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
The Cryoportal® & SmartPak IITM Interface
In near real-time, Cryoport and customers can monitor and track every shipment and key statistics,
including Chain of Compliance™, through our integrated SmartPak II™ and Cryoportal® systems.
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Client Base of Leading Companies
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Clinical Trials Drive Growth in Biopharma
425
180 19154
54 Phase III clinical trials supported by Cryoport, 3 commercial launches
Commercial Launches:KYMRIAH® by NovartisYESCARTA® by Gilread/KiteZYNTEGLO™ by bluebird bio
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Designed to Provide Solutions for the Growing Cellular Therapy Market
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Yescarta® And Kymriah® Global Ramp Continues
$79 million Q3 2019 vs. $82 million FY2018 commercial revenue for Kymriah®
$118 million in net commercial Yescarta® revenue Q3 2019 vs $75 million for Q3 2018
Both therapies have successfully treated patients in Germany, U.K., France, Italy and Spain
Supporting entire cell therapy clinical trial portfolios for Novartis and Gilead
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
bluebird bio – ZyntegloTM
Received EU approval June 3rd , 2019 and carried PRIME designation
EMA approved refined commercial drug manufacturing specifications in October
Launching in Germany first, followed by UK and Italy
Announced plan for a rolling BLA filing in the U.S. for ZyntegloTM by end of 2019
Indicated for Patients 12 years and older with certain forms of Transfusion-Dependent BetaThalassemia (TDT)
One-time autologous gene therapy that adds functional copies of a modified form of the BetaGlobin gene into a patient’s own hematopoietic (blood) stem cells (HSC’s)
Supporting 13 ongoing clinical trials
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Global Partnership with Lonza
Founded 1897
Over 15,500 employees
CHF $5.5 billion of revenue in 2018
Supporting over 150 cell and gene companies
More than 100 sites and offices
Largest cellular manufacturing facility in the world located outside of Houston, TX
Common clients include bluebird bio, Adaptimmune, Mesoblast, and Cellectis
Manufacture autologous and allogeneic therapies as well as viral vectors
Complicated manufacturing and distribution processes require system integration
All stakeholders require visibility during process
Require ability to scale for commercialization
Must have repeatable processes for product quality
Process efficiency needed to help control costs
Accelerated timelines challenging industry
Evolving regulatory landscape must be considered
Client needs drive partnership
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Cryoport & Lonza (Cell & Gene Mfg) Site Map
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Cryoport Expands into Biostorage
Accretive acquisition
$1,200,000 revenue for Q3 2019
Approx. 340 mechanical freezers (-80c & -20c)
Approx. 140 LN2 freezers (-196c)
Key clients include MD Anderson Cancer Center, Methodist Hospital, Texas Children's Hospital, Mesoblast, Bellicum, Merck, Baylor University, etc.
Long term contracts with recurring and growing revenues
Strategically located in Houston, TX
Proprietary CryoTrax biosample management and process control software
Clients include:
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Q3-2019 Financial Snapshot
Statements of Operations Data:
(in thousands) Q3-2019 Q3-2018 growth %
Net Revenues 9,583$ 5,285$ 81%
Global Logistics Solutions
Biopharma 7,460 4,472$ 67%
Animal Health 219 230 -5%
Reproductive Medicine 735 584 26%
Global Bioservices 1,169 -
Cost of revenues 4,956 2,549
Gross profit 4,627 2,736 69.1%
Loss from operations (12,352) (2,161)
Adjusted EBITDA 1,177 (429)
Net loss (12,469)$ (2,144)$
Net loss per share - basic and diluted (0.35)$ (0.07)$
Balance sheet data:
(in thousands) 30-Sep-19
Cash and s-t investments 93,502$
Working capital 96,626
Total assets 135,021
Long term obligations, less current portion 19,020
Total stockholders' equity 110,329
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Financial Highlights: Q3-2019
$93.5M Cash/
Short-term
Investments
Cryogene business
contributes $1.2M in
revenue for the quarter
Gross Margin
48.3%(52.3% excluding acc.
stock-based comp.
expense
Revenue
$8.5M
up 81%
Strong
embedded
growth with
existing clients
$2.6 million revenue from
commercial biopharma
clients (+368%)
Adjusted EBITDA
positive $1.2M
from ($0.4M) in Q3-2018
Supporting 425
clinical trials • US 360
• EMEA 55
• APAC 10
Biopharma
revenue
up 67%
35.7M shares o/s
Adjusted EPS
($0.35)(($0.05) excluding acc. stock-
based comp. expense)
Reproductive
Medicine
up 26%
54 Phase III
trials
All comparisons are on a Q3-2019 over Q3-2018 basis
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Summary
Large & rapidly developing market for temperature-
controlled logistics for the life sciences industry
Market leader with long-term client agreements
Strategically positioned with diversified client base
Leading, proprietary solutions: Cryoportal® Logistics
Management Platform and SmartPak II™ Condition
Monitoring System technology
Highly advanced and validated Cryoport Express®
shippers
Cryogene acquisition is the first step in a strategy to
augment our market leading position
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Appendix
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Capitalization Table
Type: Authorized Shares
Preferred Stock: 2,500,000
Preferred Class A 800,000 -
Preferred Class B 585,000 -
Common Stock 100,000,000 35,843,532
Warrants 1,134,883
Stock Options 6,768,434
Fully diluted 43,746,849
2018 Plan (reserved) 2,753,790
Warrant Detail
1,011,460 3.57$ 07/2020
123,423 6.00$ 03/2020 to 05/2020
1,134,883
© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Management
Jerrell Shelton, Chief Executive Officer
Robert Stefanovich, Chief Financial Officer
Mark W. Sawicki, Ph.D., Chief Commercial Officer
Bret Bollinger, Chief Technology Officer
Phil Wilson, Senior Vice President - Global Operations & Supply Chain
Joseph Rotino, Vice President of Quality Assurance & Regulatory Affairs
Rob Jones, Vice President of Global Bioservices
Thomas Heinzen, Vice President - Corporate Development & Investor Relations
Board of Directors
Jerrell Shelton, Chairman of the Board
Richard Berman, Lead Director
Daniel M. Hancock
Robert Hariri, PhD, MD
Ramkumar Mandalam, Ph.D.
Edward Zecchini
Management & Board of Directors
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© 2019 Cryoport, Inc. All Rights Reserved | CONFIDENTIAL
Science. Logistics. Certainty.
NASDAQ: CYRX
Thank you!
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