Investor presentation - Bell Potter Healthcare Conference
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ONCOSIL MEDICAL LIMITED ABN 89 113 824 141 ASX | OSL
Level 5, 7 Eden Park Drive, Macquarie Park, NSW 2113 AUSTRALIA
TELEPHONE +61 2 8935 9629
WEB www.oncosil.com
ASX Announcement
20 November 2025
OncoSil Medical to present at the 2025 Bell Potter Healthcare Conference
Sydney, Australia – 20 November 2025: OncoSil Medical Limited (ASX: OSL) today announces an upcoming
presentation by Mr Nigel Lange, CEO & Managing Director at the 2025 Bell Potter Healthcare Conference at
3.00pm AEDT today in Sydney, Australia.
A copy of the presentation is attached.
Authorisation & Additional Information
This announcement was authorised by the Chairman of OncoSil Medical Limited.
For further information, please contact:
About OncoSil Medical
OncoSil Medical (ASX:OSL) is a global medical device company focused on Interventional Oncology. OncoSil Medical’s mission is to
improve the outcomes for people living with cancer by utilizing the selected and targeted intratumoural placement of Phosphorous-32
(32P) Microparticles in addition to chemotherapy.
OncoSil Medical has developed OncoSil™ device for the treatment of unresectable locally advanced pancreatic cancer. Its targeted
approach enables healthcare professionals to deliver a greater radiation dose directly into the tumour compared to external beam
radiotherapy, while sparing surrounding critical organs.
Pancreatic cancer is the 12th most common cancer in men and the 11th most common cancer in women across the globe, with 500,000
new cases detected every year1. Since pancreatic cancer is generally diagnosed at a later stage, it has a poor prognosis for long-term
survival.
OncoSil™ has received CE Marking approval, providing marketing authorisation in both the EU and the UK. OncoSil™ is designated as a
breakthrough device in both Europe and the United States. It is currently approved for sale in 30+ countries including European Union,
United Kingdom, Turkey and Israel, with commercial treatments using the device already undertaken in Spain, Italy, Austria, Greece,
Turkey, and Israel.
To learn more, please visit: www.oncosil.com/
1. https://gco.iarc.fr/en
Mr. Nigel Lange
CEO & Managing Director
E: nigel.lange@oncosil.com
T: +49 30 300 149 3043
Mr. Tim Luscombe & Mr. David Wood
Joint Company Secretaries
E: tim.luscombe@bio101.com
david.wood@bio101.com
T: +61 429 707 079 & +61 408 393 670
Ms. Julia Maguire
The Capital Network
Media and Investor Enquiries
E: julia@thecapitalnetwork.com.au
T: +61 2 7257 7338
1
OncoSil
Intratumoural placement of 32P for
locally advanced pancreatic cancer
Nigel Lange, 20 November 2025
Bell Potter Healthcare Conference 2025
Disclaimer
This Presentation has been prepared by OncoSil Medical Ltd (ASX:OSL) (OncoSil or the Company) to provide a general overview of the Company. This Presentation and the information contained may require further
explanation and/or clarification. Accordingly, this Presentation and the information contained should be read in conjunction with past and future ASX announcements made by OncoSil and should not be relied upon as an
independent source of information. Please contact OncoSil and/or refer to the Company's website www.oncosil.com for further information.
Not an Offer for Securities
Nothing in this Presentation constitutes investment advice or should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in the Company, in any jurisdiction.
This presentation is not exhaustive of all of the information a potential investor or their professional advisers would require. This presentation does NOT constitute a “Prospectus" or a "Disclosure Document” (as defined in
the Corporations Act 2001 (Cth) (Corporations Act)) and has not been, and will not be, lodged with the Australian Securities and Investments Commission or any other regulatory authority. Accordingly, it is not required
to contain, and may not necessarily contain, all of the information that a Prospectus or like Disclosure Document would be required to contain pursuant to the Corporations Act.
The distribution of this presentation in jurisdictions outside Australia may be restricted by law. Persons who come into possession of this presentation should observe any such restrictions. Any failure to comply with such
restrictions may constitute a violation of law. Please refer to the international offer restrictions section of this presentation.
This document does not constitute any part of any offer to sell, or the solicitation of any offer to buy, any securities in the United States or in any jurisdiction in which such offer would be illegal. The New Shares have not
been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold , directly or indirectly, in the United States
except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
Forward-Looking Statements
This document contains certain forward-looking statements as at the date of this presentation relating to OncoSil’s business, which can be identified by the use of forward-looking terminology such as “promising”, “plans”,
“anticipated”, “will”, “project”, “believe”, “forecast”, “expected”, “estimated”, “targeting”, “aiming”, “set to”, “potential”, “seeking to”, “goal”, “could provide”, “intends”, “is being developed”, “could be”, “on track”, or similar
expressions, or by express or implied discussions regarding potential filings or marketing approvals, or potential future sales of product candidates. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no assurance that any
existing or future regulatory filings will satisfy the FDA and other national and international authorities’ requirements regarding any one or more product candidates, nor can there be any assurance that such product
candidates will be approved by any authorities for sale in any market or that they will reach any particular level of sales, nor that that any specific objective of the Company will be achieved or that any particular
performance of the Company or of its shares will be achieved.
In particular, the Company's expectations regarding the approval and commercialisation of the product candidates could be affected by, amongst other things, unexpected trial results, including additional analysis of
existing data, and new data; unexpected regulatory actions or delays, or government regulation generally; changes in legislation or regulatory requirements, our ability to obtain or maintain patent or other proprietary
intellectual property protection; competition in general; government, industry, and general public pricing pressures; and additional factors that involve significant risks and uncertainties about our Company, products,
product candidates, financial results and business prospects. Should one or more of these changes, risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed, estimated or expected. OncoSil is providing this information as of the date of this document and does not assume any obligation to update any forward-looking
statements contained in this document as a result of new information, future events or developments or otherwise. There is NO guarantee of future performance - actual results and future outcomes will in all likelihood
differ from those outlined herein. You are urged to consider all of the above and advice from your own advisers carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on the
forward-looking statements. The information in this presentation is not financial product advice, is not an offer to invest in the securities of OncoSil and does not take into account your investment position or objectives,
financial situation or any particular requirements. For these and other reasons, you are strongly recommended to obtain your own up to date independent legal, financial and investment advice – those acting without such
advice do so at their own risk.
Disclaimer
This Presentation and any supplemental materials have been prepared by OncoSil based on available information. Although reasonable care has been taken to ensure the facts stated in this presentation are accurate
and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of such information and opinions and no
reliance should be placed on such information or opinions. To the maximum extent permitted by law, none of OncoSil or any of its members, directors, officers, employees, or agents or corporate advisors, nor any other
person accepts any liability whatsoever for any loss, however arising, from the use of the presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or
negligence on the part of OncoSil or any of its directors, officers, employees or agents.
The information contained in this presentation is current as at 19 November 2025.
2
Corporate Overview
OncoSil Medical | 13 November 2025
GICS:
Health Care – Pharmaceuticals,
Biotechnology & Life Sciences (Life
Sciences Tools & Services)
ASX code: OSL
Market cap: $24.7 million
Shares on Issue: 18.83 million
Share price: $1.31 (as at 13-Nov-25)
52-week high: $3.60
52-week low: $0.80
Average daily volume: 31,654
Free float: 66.2%
Cash on Hand (30-Sep-25) $5.92 million
3
OncoSil Medical Major Shareholders | 13 November 2025
Washington H. Soul Pattinson
(Pengana Capital Group Limited)
18.18%
State Street Australia Ltd
(Australian Ethical Investment Limited)
6.93%
TOP 20 54.0%
$0.90
$1.10
$1.30
$1.50
$1.70
$1.90
0
100,000
200,000
300,000
400,000
500,000
13-Jun-25 13-Jul-25 13-Aug-25 13-Sep-25 13-Oct-25
Share Price Performance
Volume LHS Share Price ($) RHS
Depth in Interventional Oncology and Nuclear Medicine Commercialisation
Experienced Board and Management
Dr Jon
Bell MD
Chief Medical
Officer
12 years’ experience as
consultant interventional
radiologist and an internationally
recognised expert in
interventional oncology.
Shelley
Steyn
Chief Financial
Officer
Extensive experience in senior
accounting, commercial and
financial analysis, and audit roles
across listed and private
companies.
Dr Thomas
Duthy
Non-executive
Chairman
20+ years of experience across
financial markets, corporate
development and board-level roles,
involved in numerous successful
M&A transactions.
Nigel
Lange
Managing Director
& CEO
Executive Director
30+ years’ experience in
medical device industry.
Served as Group COO and
Interim Group CEO of
Sirtex Medical (ASX:SRX).
Lel
Smits
Non-executive
Director
Award-winning entrepreneur,
director and investor relations
advisor, serving as a Director on
Australian Shareholders’
Association since 2021.
4
Renzo
DiCarlo
Head of
Transformation
A proven nuclear medicine
executive Renzo brings over 25
years’ experience in therapeutic
drugs and medical devices.
Recent Achievements
5
Completion of recruitment at
PANCOSIL trial and data
presented at CIRSE’25
Congress
for novel percutaneous delivery
Completion of recruitment
at TRIPP-FFX trial for
label expansion with
additional chemotherapy -
FOLFIRINOX
Innovation funding
approval (NUB status 1)
across 120 German
Hospitals
Engagement with US FDA
on Distal
Cholangiocarcinoma
dossier
Fit-out completed
for second
manufacturing facility
in Sydney, Australia
First patient
treatments at
Germany and
Portugal
MDR Approval
received with lifting
of post-market
restrictions
German Federal Joint
Committee (G-BA) tender
in final stages for
appointing CRO
Commercialising
targeted radiotherapy
for pancreatic cancer
• OncoSil Medical is commercialising the OncoSil device, an implanted device (brachytherapy) delivering targeted radiation (32P)
to pancreatic tumours
• OncoSil device is now approved for sale in over 34 countries via CE Mark
• Commercial ramp-up has commenced in FY26, driven by significant growth in existing European markets
• Increasing market access via label expansion combining new delivery methods and new chemotherapy combinations1
• Platform technology can be leveraged into other cancer indications (Bile duct cancer, liver, glioblastoma)
• Experienced Board & Management team in the commercialisation of interventional oncology devices
>US$4.2bn global
addressable market
with no competition3
• Granted Breakthrough designation in the EU, UK and US with extensive patent coverage across all key geographies
• Large global pancreatic cancer patient population of ~510k p.a and targeting locally unresectable population of ~153k (~30%)
with the market expected to increase by 37% by 20352
• Negligible survival improvement in over 20 years with <12% survival rates at 5-years and 8.5 months median overall
• Patient recruitment completed for PANCOSIL & TRIPP-FFX trials, targeting:
Percutaneous delivery to drive market access and clinical adoption globally
Label expansion in addition to standard-of-care chemotherapy (FOLFIRINOX)
Executive Summary
References: 1. Subject to Regulatory Approval. 2. Globocan 2022 data . 3 179,000 global locally advanced pancreatic cancer population multiplied by US$24k average price
6
Significant
achievements
over CY25
• Received MDR Approval which includes the removal of all existing post-market restrictions (OSPREY registry)
• Patient recruitment completed for PANCOSIL study and preliminary data presented at CIRSE 2025 Congress (a groundbreaking
delivery method for OncoSil device)
• Patient recruitment completed for TRIPP-FFX trial (to expand OncoSil device label with additional chemotherapy combination)
• Second manufacturing facility in Sydney, Australia activated and ready to undergo validation.
• Constructive discussions with US FDA on the regulatory pathway for OncoSil device in Bile Duct Cancer (dCCA)
• German Federal Joint Committee (G-BA) tender process underway to appoint a CRO
• First patient treatments completed at Germany and Portugal
Catalyst rich
CY25/26
• Strong commercial momentum and growing hospital adoption across existing markets: Austria, Germany, Greece, Israel, Italy,
Portugal, Spain, Turkey, and the UK
• Tender finalisations expected to drive significant revenue growth
• Finalisation of G-BA tender process to appoint CRO and commence recruitment for the G-BA trial
• Label expansion targeting:
• Percutaneous delivery for Interventional Radiology (PANCOSIL study)
• Combination with standard-of-care chemotherapy - FOLFIRINOX (TRIPP-FFX study)
• First commercial production at Sydney manufacturing facility (H1 CY26)
• Publication of real-world clinical data to support market access and drive adoption
• Accelerating commercial activities through expanded market access and new geographic opportunities across the Nordics and MENA
regions1
• TGA Approval – in review
Executive Summary
7
References: 1. Subject to Regulatory Approvals.
Pancreatic Cancer Prognosis has Remained Unchanged for 40 Years1
Changes in survival, 1971-72 to 2010-11
Incidence
All Cancers
Testis
Malignant Melanoma
Prostate
Hodgkin Lymphoma
Breast
Uterus
NHL
Cervix
Larynx
Bowel
Bladder
Kidney
Leukaemia
Ovary
Myeloma
Stomach
Brain
Oesophagus
Lung
Pancreas
0% 25% 50% 75% 100%
Survival rates are very poor:
• 8.5 months overall median survival
• <12% reach 5-year survival2
• Lower survival rate than any other
cancer3
• The number of cases and deaths
both estimated to increase by 40%
before 20353
New therapeutic options urgently needed
8
References: 1. Cancer Research UK. www.cancerresearchuk.org/health-professional/cancer-statistics/survival/common-cancers-compared#heading-Three (accessed September 2024).
2. American Cancer Society. Cancer Facts & Figures 2023. https://www.cancer.org/content/dam/cancer-org/research/cancer-facts-and-statistics/annual-cancer-facts-and-figures/2023/2023-
cancer-facts-and-figures.pdf. 3. United European Gastroenterology. Pancreatic Cancer Across Europe: Taking a united stand. https://ueg.eu/files/771/b7ee6f5f9aa5cd17ca1aea43ce848496.pdf.
Surgical resection remains the only potentially curative treatment for pancreatic cancer1
Pancreatic Cancer Stage at Diagnosis
RESECTABLE
19
Surgical resection with
curative intent
Median OS
Treatment
% of patients
at diagnosis 15%
LOCALLY ADVANCED
Palliative therapies
(CT or ICT/CCRT)1,7,8,10
30%
METASTATIC
Palliative therapies
(usually CT only)1,8
55%
~13 11.1
+
<6 8.5
months
[GEM]4
months
[GEM-NP]5
months
[FOLFIRINOX]6
months3,7
months2
30% of LAPC patients show metastatic
progression within 3-6 months9,10
9
Abbreviations: CT: Chemotherapy; ICT: Induction chemotherapy; CCRT: Concurrent chemoradiation therapy.
References: 1. Ducreux M et al. Ann Oncol 2015; 26 (Suppl 5): v56–68. 2. van Dam JL et al. Eur J Cancer. 2022; 160: 140–149. 3. Chang JS et al. Cancer Res Treat 2018; 50: 562–574 (suppl data). 4. Burris HA 3rd et al. J Clin Oncol 1997; 15: 2403–2413.
5. Von Hoff DD et al. N Engl J Med 2013; 369: 1691–1703. 6. Conroy T et al. N Engl J Med 2011; 364: 1817–1825. 7. Balaban EP et al. J Clin Oncol 2016; 34: 2654–2668. 8. National Comprehensive Cancer Network (NCCN) Clinical Practive Guidelines in Oncology:
Pancreatic adenocarcinoma. Version 1.2020. 9. Huguet et al. J Clin Oncol 2010. 10. Mukherjee et al, Lancet Oncol 2013.
OncoSil Device
OncoSil is intended for the treatment of
locally advanced unresectable pancreatic
cancer, in addition to
gemcitabine-based chemotherapy
(combination with FOLFIRINOX
currently in trials)
OncoSil is a single-use
brachytherapy device
comprised of microparticles
and a diluent
OncoSil is currently implanted
directly into a pancreatic
tumour via injection
under endoscopic
ultrasound guidance
98% of all radiation is
delivered within
81 days of injection
causing damage to
cancer cell DNA and
killing malignant cancer
cells with no damage to
surrounding tissue
Percutaneous delivery is transformational
and anticipated to significantly accelerate
market penetration:
Expanding the number of treating
clinicians to include Interventional
Radiologists
Broader patient access and points of care
Outpatient day procedure – complete
within 20 minutes
Conscious sedation (patient awake)
Patient recruitement at PANCOSIL study
completed and preliminary data presented
at CIRSE 2025 Congress
Targeting H2 CY26 to make OncoSil
commercially available to Interventional
Radiologists
Requires only one supervised procedure
given simplicity and familiarity with
standard, everyday, biopsy procedures
Driving increased resection rates, downstaging, survival benefits and quality of life
10
4 clinical studies supporting commercialisation demonstrate efficacy, safety and tolerability in LAPC
Growing Body of Evidence
Unresectable Locally Advanced Pancreatic Cancer (LAPC)
Unresectable LAPC
or Borderline-Resectable LAPC
Metastatic PDAC
Study PanCO Study 1 OncoPaC-1 Study2 Propensity Score Weighted Landmark Analysis 3 Comparative Analysis 4 Metastatic Study 5
Treatment
OncoSil +
Chemotherapy a
OncoSil +
gemcitabine/
nab-paclitaxel
OncoSil +
Chemotherapy b
Chemotherapy b
(± Chemoradiotherapy)
OncoSil +
Chemotherapy b
Chemotherapy b
+ SBRT
OncoSil +
Chemotherapy a
Sample Size 42 (50 ITT) 9
50
35 at landmark
54
51 at landmark
42 59 14
Local Disease Control
Rate at 16 weeks
90.5% 77.8% nr nr nr nr 100%
Objective Response Rate 31.0% 22.2% nr nr nr nr 57.1%
Disease Control Rate 100% 100% nr nr nr nr 100%
Surgical Resection
with Curative Intent
23.8% 0 28.6% 12.1% 22% 0% 7.1%
Downstaging 33.3% not reported 31.4% 13.6% 23.8% 3.4% 7.1%
Local PFS, median 9.8 months 27.3 months 15.6 months 9.3 months 18.9 months 14.1 months 12.2 months
Distant PFS or PFS (PFS),
median
9.3 months PFS 12.2 months PFS 14.2 months 10.7 months 20.0 months 14.0 months 9.2 months PFS
Overall Survival, median 15.5 months 27.3 months 20.0 months 12.3 months 22 months 14 months 13.8 months
p=0.002
p=0.006
p=0.03
p=0.03
p=0.058
vs.
p<0.001
p=0.003
HR 0.62
p=0.040
HR 0.59
p=0.023
HR 0.45
p=0.014
vs.
11
Key: a Gemcitabine/nab-paclitaxel or FOLFIRINOX chemotherapy; b gemcitabine/nab-paclitaxel, gemcitabine or FOLFIRINOX chemotherapy; Abbreviations: LAPC, locally advanced pancreatic cancer; PDAC, pancreatic ductal adenocarcinoma; PFS, progression-free survival.
Use of OncoSil for borderline-resectable LAPC or metastatic pancreatic ductal adenocarcinoma (mPDAC) is off-label.
References: 1. Ross PJ et al. Results of a single-arm pilot study of 32P microparticles in unresectable locally advanced pancreatic adenocarcinoma with gemcitabine/ nab-paclitaxel or FOLFIRINOX chemotherapy. ESMO Open February 2022; 7 (1): 100356. 2. OncoSil Medical Ltd. Data on file.
3. Lim A et al. Combined phosphorus-32 implantation and chemotherapy alone for locally advanced pancreatic cancer: a propensity-score weighted landmark analysis. Gastrointest Endosc 2025 May 8. 4. Lim A et al. Comparison of combined chemotherapy and stereotactic body radiation
therapy with combined chemotherapy and phosphorus-32 microparticle intra-tumoural implantation in patients with locally advanced pancreatic adenocarcinoma. Presented at Digestive Disease Week (DDW2025) scientific meeting in San Diego, USA, 3–6 May 2025.
5. Lim A et al. Outcomes of phosphorus-32 microparticle intratumoral implantation added to chemotherapy in patients with metastatic pancreatic adenocarcinoma. iGIE 2024 July 2; ePub 1–9.
Significant Commercial Opportunity
Existing Priority Markets
Target Market
Pancreatic Cancer
Incidence p.a.1
Locally Advanced
Pancreatic Cancer2
Market Opportunity
(A$m)3
UK 11,852 3,556 138
Spain 9,282 2,785 108
Italy 16,111 4,833 188
Germany 22,587 6,776 264
Greece 2,343 703 27
Austria 2,250 675 26
Turkiye 9,012 2,704 105
Portugal 2,217 665 26
Israel 1,249 375 15
Total (Existing) 76,903 23,071 898
Near-Term Target Markets
South Korea 10,046 3,014 117
France 16,538 4,961 193
Denmark 1,454 436 17
Finland 1,570 471 18
Norway 1,275 383 15
Switzerland 2,056 617 24
Saudi Arabia 666 200 8
Hong Kong 1,116 335 13
Netherlands 3,689 1,107 43
Belgium 2,433 730 28
Total (New) 40,843 12,253 477
OncoSil device remains at the early-
stage of commercialization in existing
geographies with ~A$898m market
size
Expanding to ~A$1,375m addressable
market over next 18 –24 months
Market Penetration expected to now
accelerate over the near-term driven by:
Percutaneous Delivery following a
target H2 CY26 label expansion
Commencement of Patient
Recruitment for the G-BA Trial
12
Reference: 1. Globocan 2025 data. 2 Calculated as 30% of Pancreatic Cancer Incidence. 3 Local
Price in EUR converted to AUD (EURAUD) 1.77
Accelerating Commercialisation
Enhancing market access via label extension
13
Program Description Key Milestones Commercial Impact
PANCOSIL
Feasibility and safety of CT-guided percutaneous
radionuclide therapy with OncoSil device +
Chemotherapy in non-progressive locally advanced
pancreatic cancer
• Patient recruitment completed
• Initial results were presented at CIRSE 2025
• Regulatory submission target of Q1 CY26
– Added to Label and targeted commercial
launch in EU and UK markets in H2 CY26
Accelerates market penetration with
lower barriers to adoption via a new
method of delivery for a new medical
speciality (Interventional Radiology)
TRIPP-FFX
Efficacy and Safety of Oncosil combined with standard
FOLFIRINOX chemotherapy vs. FOLFIRINOX chemotherapy
alone
• Patient recruitment completed
• Results expected at H1 CY26
• Target Regulatory submission H2 CY26
• Added to Label in all approved jurisdictions H2 CY26
Accelerates market penetration with
label expansion to include coverage
of OncoSil device in addition to
standard-of-care chemotherapy
(FOLFIRINOX)
Bile Duct
Cancer
Bile Duct Cancer (Distal Cholingiocarcinoma - dCCA)
For approval by US FDA under Human Device Exemption
(HDE)
• Discussions remain ongoing and constructive with
US FDA
• OncoSil submitted additional data to support HDE
application
Small addressable market however a
supportive pathway to US market
entry for LAPC
13
Commercial significance of G-BA Trial and beyond
Unlocking Market Potential in Germany
14
G-BA approval
received Oct-24
Tender
process for
CRO started in
May-25
Expecting first
treatment in G-BA
trial in H1 CY26
First patient
treatment at Germany
in Oct-25 (outside of
trial)
Public insurance reimbursement for
OncoSil device in Germany for trial participants
Opportunity to participating hospitals to receive
reimbursement for patients not participating in trial
5 hospitals already received positive decision from
public health funds to start OncoSil treatments
before G-BA trial starts
Opportunity to open
20 additional sites
before start of G-BA
trial
Commercial significance of G-BA Trial and beyond
Unlocking Market Potential in Germany
The top 50 German pancreatic cancer centers performed approximately 5,000 complex pancreatic
surgeries in 20241, accounting for 43% of all such procedures nationwide.
These high-volume centers represent our primary targets for commercial adoption, alongside their
anticipated participation in the G-BA trial2.
15
References: 1. https://www.aok.de/pp/hintergrund/mindestmengen/mindestmengen-transparenzkarte-2026/ 2. The centers with appropriate nuclear medicine facilities capable of delivering OncoSilTM device.
583
212
171 150 148 148 143 142 142 139 126 124 113 102 98 96 93 92 82 82
0
100
200
300
400
500
600
700
Complex Pancreatic Surgeries in 2024
Accelerating growth in existing territories
Unlocking Market Potential in Europe
Country Key Milestones Commercial Importance
Spain
• OncoSil available in 11 hospitals
• 6 hospitals routinely ordering and treating with OncoSil
• Over 70 patients treated with OncoSil device until now
• Largest revenue-contributing market
• Strong referral acceptance from oncologists and surgeons
• Strong growth in usage and revenue
Italy
• 5 hospitals routinely ordering and treating with OncoSil
• First tender agreement signed, further tenders to be finalized in Q1
CY26
• OncoSil adopted by two leading hospitals — University of
Verona and San Camillo Forlanini Hospital
• Revenue contribution expected to increase significantly in H1
CY26 following finalisation of individual tender agreements
Greece
• 1 hospital routinely ordering and treating with OncoSil
• Training underway at 2 additional hospitals
• Significant revenue contributor despite small population size
• Intention to publish local real-world data
Israel
• 1 hospital routinely ordering and treating with OncoSil
• Training underway at 2 additional hospitals
• OncoSil approved by Clalit Health Services — second largest
health insurer in Israel
• Despite logistical challenges, treatment well accepted by key
opinion leaders (KOLs) and integrated in clinical practice
Turkey
• 3 hospitals routinely ordering and treating with OncoSil
• Training completed at 6 hospitals; first patient treatments pending
• 45% resection rate in real-world setting
• One of the largest potential markets in oncology and nuclear
medicine treatments
• Ongoing referral education initiatives to increase patient flow
16
Commercial ramp up with upside expected from new market access initiatives
Outlook
17
Unit volumes are expected to ramp up materially following onboarding
activities in existing initial markets in CY26
Volumes in existing markets are expected to underpin growth from market
entry expectations over the near-term
OncoSil has an aspirational target of 5–10% market penetration in
existing and near-term target markets implying up to 3,532 units p.a.
Label expansion activities enhancing market access including:
• Percutaneous delivery method for new clinician
group (Interventional Radiologists); and
• Combination with FOLFIRINOX chemotherapy
This is provided for illustrative purposes only. It is not a forecast nor is there any guarantee that the market penetration, unit sale pricing or sales volume could or will be achieved. It also assumes regulatory product approvals which have not been obtained. As
illustrative - it should not be relied upon in making an investment decision.
Market
Penetration
5% 7.5% 10%
Units 1,766 2,649 3,532
Revenue
(A$m)
69 103 138
Significant catalysts over the next 12 months
Upcoming Milestones
18
First commercial dose
supply from Sydney,
Australia facility
Regulatory submission for
percutaneous application
References: 1. Indicated in Distal Cholingiocarcinoma. 2. Subject to regulatory Review. 3. Subject to approval following PANCOSIL study.
Q1
CY2026
Q2
CY2026
Finalisation of GBA
trial design
Review of real-world data
from OSPREY registry
Recruitment
starts in G-BA
trial
Regulatory submission for
label expansion to include
FOLFIRINOX
Q3
CY2026
Q4
CY2026
First OncoSil
treatment at France
Expansion of label to include
FOLFIRINOX chemotherapy
Label expansion to include
Percutaneous Delivery
Application for
HAS/FORFAIT
Innovation in France
Completion of regulatory
processes and launch in
MENA
Results of
TRIPP-FFX trial
Macquarie Cyclotek site
Technology & Innovation
19
Macquarie Operations in process of final validation (95% complete) – completion target Q1 CY26
New Target from ANSTO being used in the validation with more capacity, quality and versatility. Quartz
Ampoule from Mo-Sci fully implemented.
The site is ready to receive, process and measure Hot Target.
New dispensing doses of 50, 100, 150 and 250 Mbq are being validated for therapy.
Cyclotek ISO 13485 process have started – completion target H1 2026.
The R&D target schedule has been developed with ANSTO, Lucas Heights. ANSTO has agreed to increase
reactor spots to meet growing demand.
Nigel Lange
CEO & M
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