NASDAQ:BLFS Investor Presentation October 2014 Safe Harbor Statement This presentation contains forward-looking statements, including, but not limited to, statements concerning the anticipated business and operations of our new joint venture, the potential utility of and market for its planned products and services, its expected finances, potential revenue growth and market expansion, and third party projections regarding the future market for regenerative medicine and cold chain packaging and instrumentation services. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including among other things, reliance upon SAVSU for completing the development and manufacturing of biologistex CCM’s products; uncertainty regarding market adoption of products; uncertainty regarding third party market projections; market volatility; competition; litigation; and those other factors described in our risk factors set forth in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law. 2 NASDAQ: BLFS Best-in-class life sciences tools provider Solid revenue from stable, traditional markets 3 Strong growth potential in emerging markets $12M cash, no debt OVERVIEW 4 BIOPRESERVATION COLD CHAIN MANAGEMENT 5 PRODUCTS & SERVICES 6 Two Complementary Biopreservation Tools Platforms Biopreservation Media for Cells 7 Precision Shipping Containers BIOPRESERVATION IN REGENERATIVE MEDICINE Source Material Preservation Media Temperature Controlled Container Cell Factory Patient Preservation Media Temperature Controlled Container Manufactured Products COLD CHAIN MANAGEMENT 8 Best-in-Class Biopreservation Storage Media Engineered to improve yield and extend shelf-life Better cell yield More precious cells saved, reduced variable costs Longer shelf-life Lower customer MFG CAPEX requirements 9 HYPOTHERMIC STORAGE AND SHIPPING MEDIA HypoThermosol FRS® Decreases free radical accumulation in cold storage process Balances intracellular state at low temperatures 10 CRYOPRESERVATION / FREEZE MEDIA CryoStor® 11 Mitigates molecular cell stress during freezing and thawing BETTER CELL YIELD more precious cells saved, reduced cost Condition of cells after 5 days of cold storage Traditional Home Brew Media 12 BioLife Storage Media Impact of Biologic Stability on Overall Yield and Cost Increased yield leads to … … decreased cost Source Material Manufactured Cell Products LESS Required LESS Required Yield Yield Cost 13 Cost LIMITED SHELF-LIFE Increased CAPEX requirements Distribution range limited by short shelf-life - multiple production facilities required 14 LONGER SHELF-LIFE Reduced CAPEX Requirements BioLife Solutions Preservation Media Performance Extends Shelf Life to Support Worldwide Distribution 15 BIOPRESERVATION COLD CHAIN MANAGEMENT 16 TRADITIONAL SHIPPER TECHNOLOGY: STYROFOAM “BEER COOLER” 17 DEMAND FOR BIOPRESERVATION EQUIPMENT COLD CHAIN SHIPPERS AND INSTRUMENTS (BILLIONS) $6 $5.1 $5 $4 $3.2 $3 $2 $1 $0 2013 Source: Biopreservation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 (Transparency Market Research, April, 2014) 18 2018 Biologistex CCMSM: Breakthrough Disruptive Technology • Super-insulation provides superior temperature regulation • Built-in, real-time payload monitoring and communication electronics • Extremely durable – reusable shipper • Innovation driving best quality practices in logistics of regenerative medicines • Temp excursion and geofence location alerts 19 Biologistex CCMSM: Breakthrough Disruptive Technology • Joint venture with SAVSU • Investments by BioLife • Exclusive, worldwide marketing and distribution • SAVSU supplies shippers • BioLife manages and operates the JV • OPEX reimbursement • Sharing generated cash based on ownership • 20 year term 20 Biologistex CCMSM Marketing 21 • Leverage existing customers for rapid roll-out • Other regenerative medicine customers • Traditional biobanking • Pharma/vaccine companies • Establishing expert position in cold chain management science CONTRACT MANUFACTURING SERVICES • Utilizing excess production capacity • Niche provider of aseptic media formulation, fill, and finish services • New multiyear agreement with Somahlution, LLC 22 OUR MARKETS 23 WE SERVE TRADITIONAL AND EMERGING MARKETS Traditional Markets • Stable, growing (in $M) • Well-established relationships • Reliable income streams Biobanking Emerging Market • Explosive growth (in $B) • BioLife products embedded in 130 trials Drug Discovery Cold Chain Management 24 Regenerative Medicine DEMAND FOR BIOPRESERVATION MEDIA (MILLIONS) $900 $820.0 $700 Major growth driver expected to be Regenerative Medicine $500 $345.0 $300 $100 2004 2019 Source: Biopreservation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 (Transparency Market Research, April, 2014) 25 BIOBANKING • Umbilical cord blood banks • Adult stem cell banks • Tissue banks • Biorepositories • Hair transplant physicians 26 GLOBAL BIOPRESERVATION FOR BIOBANKING MARKET REVENUE (USD MILLIONS) 5000 $3,899 4000 3000 $1,871 2000 1000 0 2014 2019 Source: Investor Presentations, Annual Reports, KOL Opinions, Primary Interviews, TMR Analysis 27 DRUG DISCOVERY • Pharmaceutical companies • Cell suppliers • Toxicity testing labs 28 GLOBAL BIOPRESERVATION FOR DRUG DISCOVERY MARKET REVENUE (USD MILLIONS) 600 $535 400 $239 200 0 2014 2019 Source: Investor Presentations, Annual Reports, KOL Opinions, Primary Interviews, TMR Analysis 29 REGENERATIVE MEDICINE • Commercial cell therapy and tissue engineering companies • Hospital-based stem cell transplant centers • University-based clinical research labs 30 SIGNIFICANT GROWTH OPPORTUNITY IN REGENERATIVE MEDICINE Stroke ALS ALD & MS AMD UTD* AMI CHF & DCM Liver Disorders GVHD Spinal Disorders HIV Lymphoma Melanoma Autoimmune Dis. AML Incontinence Cancer UTD* Wound healing Joint Repair CLI Cancer * UNABLE TO DISCLOSE 20+ 31 Pre-Clinical 33 Phase I 60 Phase II 13 Phase III BioLife Products Embedded in Cell-Based Immunotherapy CURRENT CUSTOMERS CURRENTLY EVALUATING Several other highprofile, development stage immunotherapy companies; unable to disclose at this time 32 GLOBAL REGENERATIVE MEDICINE MARKET REVENUE (USD BILLIONS) $23.3 25 20 15 10 5 $3.6 0 2012 Source: visiongain – December 2013 33 2024 INVESTMENT OPPORTUNITY 34 Well Positioned for Future Growth • Over 500 existing customers • Growing adoption in expanding biobanking and drug discovery markets • Embedded in rapidly emerging regenerative medicine market with products incorporated in over 130 clinical trials, 13 of which are in Phase III • New biologistex CCMSM service positioned to provide novel/superior cold chain management solution • Production capacity to support $100M revenue 35 DEVELOPMENTS SINCE EQUITY RAISE Terminated low margin contract manufacturing agreement – March Executed new contract manufacturing agreement with Somahlution LLC to produce DuraGraft™ - June Granted Patent number 8,642,255, titled “MATERIALS AND METHODS FOR HYPOTHERMIC COLLECTION OF WHOLE BLOOD” Products now adopted in 130 clinical trials 15 cancer immunotherapy customers Received Frost & Sullivan 2014 Technology Innovation Leadership Award for Biopreservation Media Formed joint venture biologistex CCMSM with SAVSU Technologies to market smart, precision thermal shippers with a cloud-based logistics management service 36 INVESTMENT FUNDAMENTALS June 30, 2014 Cash and Investments $11.9M Total Debt $0.00 Total Stockholder Equity $13.4M Shares Outstanding 12M 3/25/14 – issued 3.6M shares at $4.30 Options most in the money Warrants most at $4.75 – debt conversion/equity raise 37 1.4M 7.4M Average Stock Price Since Equity Raise $2.62 Average Volume 100,000 shares Market Cap $30M Public Float 52% Price is volatile due to low liquidity - stock is undiscovered Price includes $1/share of cash Revenue multiple is low vs. comparables Stock price and market cap do not reflect value of current/future business 38 Continued adoption of core products – creates tremendous upside as customers gain approvals to market regenerative medicine products and therapies Launch of biologistex CCMsm cold chain management service – complementary to core business Niche, profitable CMO business 39 NASDAQ:BLFS BioLife Solutions, Inc. 3303 Monte Villa Parkway, Suite 310 Bothell, WA 98021 For additional questions or comments, please contact: Michael Rice | President and CEO [email protected] | (425) 686-6003 Daphne Taylor | CFO, VP - Finance & Administration [email protected] | (425) 686-6002 40
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