Equity raise to accelerate global growth
The business is currently performing well
PolyNovo is profitable in the key US market and is now looking to invest in andaccelerate multiple new growth opportunities and a 5X increase in production capacity
Growth is expected to be delivered through four growth vectors: geographic expansion, new indications, new products and capacity expansion
Building on recent business momentum, PolyNovo is undertaking an equity raising to continue to accelerate growth in the US, translate its success in the US to the rest of the world (including the newest markets in Canada, India and Hong Kong), and deliver new manufacturing capacity
Taking into account the costs associated with delivering this growth, management expect PolyNovo will be profitable in FY24F
Ann: Investor Presentation, page-2
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