Announcement PDF Immuron CEO, Steven Lydeamore to present at H.C. Wainwright Melbourne, Australia, September 11, 2023: Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company is pleased to advise our Chief Executive Officer, Steven Lydeamore will be presenting virtually at the H.C. Wainwright 25th Annual Global Investment Conference on September 11th. The webcast to this presentation will be available here at 7am Eastern Standard Time / 9pm Australian Eastern Standard time on September 11th. A copy of the presentation being made at the H.C. Wainwright 25th Annual Global Investment Conference is included below. This release has been authorised by the directors of Immuron Limited. - - - END - - COMPANY CONTACT: Steven Lydeamore Chief Executive Officer Ph: +61 (0)3 9824 5254 info@immuron.com About Travelan® Travelan® is an orally administered passive immunotherapy that prophylactically reduces the likelihood of contracting traveller’s diarrhoea, a digestive tract disorder that is commonly caused by pathogenic bacteria and the toxins they produce. Travelan® is a highly purified tabletised preparation of hyperimmune bovine antibodies and other factors, which when taken with meals bind to diarrhoea-causing bacteria and prevent colonisation and the pathology associated with traveller’s diarrhoea. In Australia, Travelan® is a listed medicine on the Australian Register for Therapeutic Goods (AUST L 106709) and is indicated to reduce the risk of Traveller’s Diarrhoea, reduce the risk of minor gastrointestinal disorders and is antimicrobial. In Canada, Travelan® is a licensed natural health product (NPN 80046016) and is indicated to reduce the risk of Traveller’s Diarrhoea. In the U.S., Travelan® is sold as a dietary supplement for digestive tract protection. About Traveller’s Diarrhoea Traveller’s Diarrhoea is a gastrointestinal infection with symptoms that include loose, watery (and occasionally bloody) stools, abdominal cramping, bloating, and fever, Enteropathogenic bacteria are responsible for most cases, with enterotoxigenic Escherichia coli (ETEC) playing a dominant causative role. Campylobacter spp. are also responsible for a significant proportion of cases. The more serious infections with Salmonella spp. the bacillary dysentery organisms belonging to Shigella spp. and Vibrio spp. (the causative agent of cholera) are often confused with Traveller’s Diarrhoea as they may be contracted while travelling and initial symptoms are often indistinguishable. About Immuron Immuron Limited (ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical company focused on developing and commercialising orally delivered targeted polyclonal antibodies for the treatment of infectious diseases. For more information visit: http://www.immuron.com FORWARD-LOOKING STATEMENTS: This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of research and development activities; risks relating to the timing of starting and completing clinical trials; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. H.C. WAINWRIGHT & CO. VIRTUAL PRESENTATION 11 SEPTEMBER, 2023 S t e v e n Ly d e a m o r e - C E O NASDAQ: IMRN ASX: IMC 1 SAFE HARBOR STATEMENT C e r ta i n state m e n t s m a d e i n t h i s p re s e nta t i o n a re fo r wa rd - l o o k i n g state m e n t s a n d a re b a s e d o n I m m u ro n ’s c u r re nt ex p e c tat i o n s , e st i m ate s a n d p ro j e c t i o n s . Wo rd s s u c h a s “a nt i c i p a t e s ,” “ex p e c t s ,” “ i nte n d s ,” “ p l a n s ,” “ b e l i e ve s ,” “s e e ks ,” “e st i m a te s ,” “g u i d a n c e ” a n d s i m i l a r ex p re s s i o n s a re i nte n d e d to i d e nt i f y fo r wa rd - l o o k i n g state m e n t s . A l t h o u g h I m m u ro n b e l i e v e s t h e fo r wa rd - l o o k i n g state m e n t s a re b a s e d o n re a s o n a b l e a s s u m p t i o n s , t h ey a re s u b j e c t to c e r ta i n r i s ks a n d u n c e r ta i n t i e s , s o m e o f w h i c h a re b eyo n d I m m u ro n ’s c o nt ro l , i n c l u d i n g t h o s e r i s ks o r u n c e r ta i n t i e s i n h e re n t i n t h e p ro c e s s o f b o t h d e ve l o p i n g a n d c o m m e rc i a l i z i n g te c h n o l o g y. A s a re s u l t , a c t u a l re s u l t s c o u l d m ate r i a l l y d i ffe r f ro m t h o s e ex p re s s e d o r fo re ca ste d i n t h e fo r wa rd - l o o k i n g state m e n t s . T h e fo r wa rd - l o o k i n g state m e n t s m a d e i n t h i s p re s e n ta t i o n re l ate o n l y to e ve nt s a s o f t h e d ate o n w h i c h t h e state m e n t s a re m a d e . I m m u ro n w i l l n o t u n d e r ta ke a ny o b l i gat i o n to re l e a s e p u b l i c l y a ny re v i s i o n s o r u p d ate s to t h e s e fo r wa rd - l o o k i n g state m e n t s to ref l e c t e ve nt s , c i rc u m sta n c e s o r u n a nt i c i p a te d e ve nt s o c c u r r i n g a f te r t h e d ate o f t h i s p re s e nta t i o n exc e p t a s re q u i re d b y l aw o r b y a ny a p p ro p r i a te re g u l ato r y a u t h o r i t y. Y T D F Y 2 0 2 3 re s u l t s i n t h i s p re s e nta t i o n a re s u b j e c t to a u d i t re v i e w. 2 EXECUTIVE SUMMARY Immuron Ltd (NASDAQ:IMRN) (ASX:IMC) is a globally integrated biopharmaceutical company focused on developing, and commercialising, oral immunotherapeutics for the treatment of gut mediated diseases Financial Snapshot Company Overview Business Update • Two commercially available oral immunotherapeutic products – Travelan® and Protectyn® • 4 clinical programs: Travelan®(NMRC: Phase 2 CHIM trial), Travelan®(USU: Phase 4 field study), CampETEC (Phase 2 CHIM trial), IMM-529 (Protocol development phase, Phase 2 trial) • Flagship product Travelan® growing strongly as overseas travel rebounds • Travelan® (IMM-124E) IND filed with and approved by FDA • Travelan® (IMM-124E) Phase 2 clinical trial initiated • Travelan® Uniformed Health Services University (USU) P2TD IMM-124E field clinical trial recruited 347 (~40% of target 868) • CampETEC IND approved (released from Clinical Hold) Shares on Issue 227,798,346 Total Options 14,568,559 Last Traded Price IMC: A$0.075 52 week High/Low IMC: A$0.105/0.067 IMRN: $3.21/1.39 Market Cap IMC: A$17.085m Cash & Cash Equivalents (as at 31 Dec 22) A$18.5m Major Shareholders Units Holder Results & Outlook • FY23 sales of A$1.80 million up 136% on FY22 (subject to audit review) • Evaluating options to enter international markets through distributors • Evaluating options to add to marketed products portfolio in FY24 % of CSO BNY Mellon Asset Management 78,973,505 34.7 % Management & Board 6,904,554 3.0 % Authentics Australia Pty. Ltd. 6,000,000 2.6 % Grandlodge 3,846,712 1.7 % as of 21 August 2023 3 Billion Dollar Market ADDRESSABLE MARKET & INDUSTRY OVERVIEW Traveller’s diarrhoea treatment market is large and growing at a CAGR of ~7% Industry tailwinds Travel picking up significantly following COVID lockdowns Frequent Symptom 30% - 70% of travelers experience traveller’s diarrhoea** Chief Commercial Officer has 20+ year’s experience with local and global (Asia, UK) commercial leadership roles with GSK and P&G USA Market amazon.com shopfront launched 1QFY24 Re-entry into retail pharmacies will be explored in FY24 Evaluating options: • for entry into international markets • to add marketed products to portfolio in FY24 $83m $50m $1.7b Based on US annual travel numbers and a penetration rate of 15%, the market potential is estimated at $83m* Based on EU travel numbers and a penetration rate of 15%, the market potential is estimated at $50m* Clostridioides difficile infections (CDIs) to grow to almost $1.7 billion by 2026, according to GlobalData * IMC Company Report - Travelan Market Analysis 2019 ** Centers for Disease Control and Prevention Yellow Book 4 TECHNOLOGY PLATFORM Bovine colostrum is the first milk of cows after calving. It is rich in immunoglobulins, lactoferrin, lysozyme, lactoperoxidase, growth factors and bioactive peptides. Colostrum has higher levels of protein, fat, vitamins, and minerals when compared to milk. This enables full development of the newborn calf in addition to immunity against several pathogens.* Immuron’s proprietary technology platform combines the natural human nutrition & health benefits of bovine colostrum with a novel class of specifically targeted oral polyclonal antibodies that offer delivery within the gastrointestinal (“GI”) tract and can be used to target viruses or bacteria and neutralize the toxins they produce at mucosal surfaces. STEP 1 Development of Highly Specific Vaccines STEP 2 Isolation of Hyperimmune antibody-rich bovine colostrum * Gomes et. al., NFS Journal, Volume 25, November 2021, pages 111, https://doi.org/10.1016/j.nfs.2021.10.001 STEP 3 Oral Antimicrobial therapeutics without drawbacks of antibiotics FINAL PRODUCT Toxin Neutralization + Clearance of targeted gut pathogens ✓ Reduce occurrence and reduce/relieve diarrhoea ✓ Reduce/relieve abdominal cramping ✓ Reduce/relieve gastrointestinal pain ✓ Assists repair of gastrointestinal/gut wall lining ✓ Enhance/promote immune defence ✓ Enhance/promote health liver function Australian Permitted indications; these statements have not been evaluated by the Food and Drug Administration (FDA) 5 STATUS OF PRODUCT PORTFOLIO AND KEY MILESTONES US Department of Defense grant of US$4.45 million to examine a dosing regimen for Travelan® more suited for use by the military b • Market evaluation by Lumanity confirms the Traveler’s Diarrhea market opportunity for IMM-124E (Travelan®) c • IMM-124E (Travelan®) IND was approved by the FDA in 2H2022 a • Clinical trial initiated May 2023 g • First patients enrolled in July 2023 I • Anticipated clinical study report – 1H 2024 Market evaluation by Lumanity confirms the Clostridioides difficile market opportunity for IMM-529 d • 600mg solid dose active formulation development completed • Anticipated manufacture of cGMP IMM-529 – 31 December 2023 h • Anticipated pre-IND submission to the FDA – 30 June 2024 h Travelan® - Uniformed Services University has recruited ~40% of participants in a randomized clinical trial with Travelan® to evaluate the effectiveness for prophylaxis during deployment or travel to a high traveler’s diarrhea risk region e, i • Anticipated completion of enrollment – 31 March 2024 • Anticipated completion of in-patient phase – 30 June 2024 Naval Medical Research Center Clinical Trials of CampETEC in campylobacter and enterotoxigenic E.coli (ETEC) • Animal ethics approval for Toxicology study – 22 November 2022 • Immuron sponsored Toxicology study - completed 20 December 2022 • FDA Removed Clinical Hold on Campylobacter ETEC – 8 May 2023 f a ,b,c,d,e,f g,h,i ASX Release links in appendix Immuron’s Clinical Programs Compound or brand name Indication IMM-124E Travelan® Traveler’s Diarrhea ETEC challenge IMM-529 Clostridioides difficile Infection & Recurrence Phase I Phase II Phase III Market Our Partners’ Clinical Programs Compound or brand name Travelan® CampETEC Partner Phase I Phase II Phase III Market Uniformed Services University Naval Medical Research Center *Further information on the clinical programs can be found on slide 7 6 KEY MILESTONES ANTICIPATED TO DRIVE VALUE 2H 2022 • FDA IND1 approved for single daily dose IMM-124E ETEC2 CHIM3 clinical trial a • Submitted Response Letter to • FDA Clinical Hold • Immuron sponsored Toxicology study - completed Travelan® • CampETEC • • IRB Approval4 Initiated IMM-124E ETEC2 CHIM3 clinical trial g Toxicology Study Report FDA IND1 approved (Clinical Hold released)f 2H 2023 • • 1H 2024 First patients enrolled i • Completion of In-patient phase ETEC2 CHIM3 clinical trial • • • • 600 mg solid dose active formulation development • Project strategic planning and budget development • USU6 P2TD IMM-124E field clinical trial recruitment commencement e,i • ~40% of 868 participants recruited IMM-529 Travelan® 1H 2023 • IMM-529 cGMP manufacture • • • Topline results for IMM-124E ETEC2 clinical trial Clinical Study Report Initiate NMRC5 CampETEC Campylobacter CHIM3 clinical trial Completion of In-patient phase CampETEC Campylobacter CHIM3 clinical trial IMM-529 (CDI)7 Pre-IND1 submission Completion of enrollment Completion of in-patient phase Completed; 1. Investigational New Drug; 2. Enterotoxigenic E.coli; 3. controlled human infection model; 4. Institutional Review Board; 5. Naval Medical Research Command; 6. Uniformed Health Services University of the Health Sciences; 7. Clostridioides Difficile; a,e,f,g, i ASX Release links in appendix 7 IMMURON’S CLINICAL PROGRAMS – OPPORTUNITY ASSESSMENT Lumanity* CorporateOpportunity Assessment for IMM-124E › › › › Immuron’s development of IMM-124E (hyperimmune bovine colostrum) as a prescription medication has the potential to address this unmet need Primary care physicians (PCP)s impressed with clinical efficacy endpoint targets demonstrating > 80% protection against the development of diarrhea. If base case efficacy targets are reached, IMM-124E would mostly be used by travelers going to the highest risk areas (e.g., rural Central America/Asia/Africa). Based on the estimated market size and pricing, the base case yearly revenue in USA for IMM-124E is projected at US$102M. Reaching higher efficacy goals could broaden use. Compound or brand name Indication IMM-124E - Travelan® Traveler’s Diarrhea ETEC challenge IMM-529 Clostridioides difficile Infection & Recurrence › › Opportunity Lumanity Corporate Assessment for IMM-529 › › › Infectious disease experts reacted favorably to the IMM-529 MOA, and its unique ability to target three elements of the rCDI infection – the spores, vegetative cells, and Toxin B Non-microbiome approaches (such as IMM-529) are still appealing to experts, who noted that clinical trial efficacy (reduction in relapse rate) and cost/access will be the key drivers of clinical use in recurrent patients, not mechanism of action Based on the estimated market size, anticipated payer restrictions, pricing, and competition, base case yearly revenue in USA for IMM-529 is conservatively projected at US$93M for the target patient population (limited to 2nd recurrence and later based on trial design and payer coverage) Positioning IMM-529 earlier than second recurrence and/or efficacy targets could lead to higher uptake. Phase I Phase II Phase III Market Lumanity, a leading lifescience consulting company: https://lumanity.com/company/our-story/ 8 DISTRIBUTION CAPABILITY Australia USA ANB Canada Canada Ontario, Canada Distributes to all provinces of Canada Retail Pharmacy B2B Established E-commerce Developing Immuron Limited Vancouver, BC, Canada Key Commentary • The Australian retail network includes over 3,500 pharmacies • In the USA, the key B2B customer is Passport Health - the largest network of travel medicine clinics • Immuron launched its own US shopfront on amazon.com in July 23 • Re-entry into retail pharmacies in USA will be explored in FY24 • In Canada, we are working towards a relaunch into retail pharmacy in late FY24 • We are exploring options to expand B2B business in airlines, cruise ships, health & wellness segments • We are evaluating options to enter international markets through distributors RJW Logistics Chicago, USA Distributes to all states of USA Immuron Inc. New York, USA Immuron Limited Melbourne, Australia Distributes to all states of Australia and to distributors in USA and Canada 9 BUSINESS POSITIONED FOR ORGANIC GROWTH AND NEW M&A STRATEGY M&A Strategy Organic Growth Strategy Focus on commercialised products and near-term development extensions, including: 01 Travelan®: • • Sales expansion across target geographies Growth in distribution network and sales & marketing initiatives • Product development (new formulations including once daily dosing) e.g. FDA approval 02 Protectyn®: • Sales expansion across target geographies • Growth in distribution network and sales & marketing initiatives • Product development and broader applications By pursuing growth through M&A of a fragmented market, IMC believes that it will be able to increase market geographies, sales channels and penetration driving revenue growth and ultimately shareholder value Our M&A Key Criteria focusses on: 01 Expand market verticals & product offering 02 Expand existing customer base 03 Cost & Earnings Synergies 04 Strength of IP and Management 05 Distribution network and sales & marketing by each product 10 STEVEN LYDEAMORE CHIEF EXECUTIVE OFFICER IMMURON LIMITED CONTACT INFORMATION: EMAIL: STEVE@IMMURON.COM PHONE: AUSTRALIA: +613 8892 4854 11 SCIENTIFIC REFERENCES Travelan® (IMM-124E) Travelan® has been shown to reduce both the incidence and severity of ETEC-induced diarrhea in up to 90% of volunteers Scandinavian Journal of Gastroenterology, 46:7-8, 862-868, DOI: 10.3109/00365521.2011.574726 Travelan as a broad Spectrum anti-bacterial Immuron Limited, 29 April, 2011 Travelan® demonstrates broad reactivity to Vibrio cholera strains from Southeast Asia indicating broad potential for prevention of traveler’s diarrhea US Department of Defense, Armed Forces Research Institute of Medical Sciences (AFRIM), 4 September, 2019 Travelan® prevented clinical shigellosis (bacillary dysentery) in 75% of Travelan® treated animals compared to placebo and demonstrated a significant clinical benefit US Department of Defense, Armed Forces Research Institute of Medical Sciences (AFRIM), 5 September, 2018 Travelan® able to bind and was reactive to 60 clinical isolates of each bacteria, Campylobacter, ETEC, and Shigella US Department of Defense, Armed Forces Research Institute of Medical Sciences (AFRIM), 30 January, 2017 Efficacy of hyperimmune bovine colostrum against shigellosis in rhesus macaque (Macaca mulatta), and bioactivity of HBC against common enteric pathogens Islam et al., 2020. Submitted to mSphere, American Society for Microbiology Bioactive Immune Components of Travelan® Clin Vaccine Immunol 24:e00186-16. https://doi.org/10.1128/CVI.00186-16 Hyperimmune bovine colostrum containing lipopolysaccharide antibodies (IMM-124E) has a non-detrimental effect on gut microbial communities in unchallenged mice Rachele Gore, Mitra Mohsenipour, Jennifer L Wood, Gayathri K Balasuriya, Elisa L Hill-Yardin, Ashley E Franks Administration of the Hyper-immune Bovine Colostrum Extract IMM-124E Ameliorates Experimental Murine Colitis Journal of Crohn's and Colitis, Volume 13, Issue 6, June 2019, Pages 785–797, https://doi.org/10.1093/ecco-jcc/jjy213 IMM-529 Bovine antibodies targeting primary and recurrent Clostridium difficile disease are a potent antibiotic alternative Sci Rep 7, 3665 (2017). https://doi.org/10.1038/s41598-017-03982-5 12 ASX RELEASES REFERENCED Ref Slide statement ASX Release a Travelan® (IMM-124E) IND filed with and approved by FDA Immuron Receives FDA Approval for Travelan IND Application b US Department of Defense grant of US$4.45 million to examine a dosing regimen for Travelan® more suited for use by the military Immuron awarded A$6.2 million US DoD funding for Travelan c Market evaluation by Lumanity confirms the Traveler’s Diarrhea market opportunity for IMM-124E (Travelan®) AGM Presentation d Market evaluation by Lumanity confirms the Clostridioides difficile market opportunity for IMM-529 AGM Presentation e Travelan® - Uniformed Services University has recruited more than 20% of participants in a randomized clinical trial with Travelan® to evaluate the effectiveness for prophylaxis during deployment or travel to a high traveler’s diarrhea risk region US DOD Travelan Clinical Recruitment Milestone f Immuron Announces FDA Removed Clinical Hold on New Campylobacter ETEC Therapeutic Paves Way for Clinical Trial Initiation FDA Removed Clinical Hold on Campylobacter ETEC Therapeutic g Immuron Initiates Recruitment of Travelan® Clinical Study Immuron Initiates Recruitment of Travelan Clinical Study h Immuron Board approves IMM-529 cGMP manufacturing and FDA pre-IND submission Letter to Shareholders i Immuron Announces First Patients Enrolled in Travelan® Clinical Study Immuron enrols patients in Travelan clinical study 13