Invacare — Shareholder Meeting (May 2011)
15 slides from Invacare's shareholder meeting presentation, May 19, 2011
Slide 1: 2011 Shareholder Meeting
Invacare Corporation (NYSE: IVC) 2011 Shareholder Meeting May 19, 2011 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This press release contains forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Terms such as “will,” “should,” “could”, “plan,” “intend,” “expect,” “continue,” “forecast,” “believe,” “anticipate
Slide 3: World's Largest Manufacturer and Distributor of Home Medical Equipment
World’s Largest Manufacturer and Distributor of Home Medical Equipment $1.7 billion company (NYSE: IVC) selling to over 25,000 home healthcare and medical equipment providers worldwide. Five primary product groups: Rehab Products Standard Products Respiratory Products Medical Supplies
Slide 4: One-Stop Shopping
One-Stop Shopping Sales by Product – (12/31/10) Continuing Care / Other Standard 9% 36% Rehab 30% Medical Supplies Respiratory 17% 8% 4
Slide 5: Industry Leading Worldwide Market Positions
Industry Leading Worldwide Market Positions We are the #1 player in most product lines Handi- Res- Invacare Sunrise* DeVilbiss* Pride* Drive* Medline* care* Permobil* pironics Powered Mobility #1 #2 (excluding scooters) Manual Mobility #1 #2 (active) Manual Mobility #1 (low-active) Personal Care #
Slide 6: Geographically Diverse
Geographically Diverse Sales & Earnings Before Taxes by Geography - (12/31/10) Europe 29% of Sales 33% of EBT North America 66% of Sales 61% of EBT Asia / Pacific 5% of Sales 6% of EBT Based on 2010 segment data as reported in February 3, 2011 earnings release. EBT excludes unallocated corporate SG&
Slide 7: Global Product Innovator
Global Product Innovator Invacare® Solo2® Invacare® XPO2™ Portable Transportable Oxygen Invacare® HomeFill® Oxygen Concentrator Concentrator System with Perfecto2® Oxygen Concentrator and M2 Cylinder Invacare® Action™ Manual Wheelchair Invacare® FDX® (Introducing this chair as the Power Wheelchair 7
Slide 8: Expanding Opportunities - Services
Expanding Opportunities - Services Invacare Corporation now offers services to help U.S. home and long-term care providers respond to the challenges associated with accreditation, escalating operating costs and changes in Medicare reimbursement. Invacare Rentals Short term renting of products such
Slide 9: Focus – Near Term Objectives
Focus – Near Term Objectives Improve profitability and report adjusted EPS in 2011 of $2.05 - $2.15 (2) (1) In 2011, approximately 3% - 4% organic net sales growth Reduce cost by continuing to rationalize product complexity in the supply chain (1) All guidance constitutes forward-looking state
Slide 10: Historic Results & 2011 Financial Objectives
Historic Results & 2011 Financial Objectives 2008 Result 2009 Result 2010 Result 2011 Guidance(1) Organic Growth 7% -0.2% 1% 3% - 4% Adjusted EPS(2): Target / Actual $1.35(3) $1.58(3) $1.84(3) $2.05 - $2.15 21% 17% 16% 11% - 17% % Incr. vs Prior Year Free Cash Flow(2) $60 million $142 million $105 m
Slide 11: Recent Refinancing Activity
Recent Refinancing Activity On October 28, 2010, Invacare announced the completion of a new Credit Agreement establishing a $400 million senior secured revolving credit facility maturing in October 2015. The interest rate on borrowings is determined by adding a margin of 2.5% to both LIBOR and Bas
Slide 12: Focus - Long Term Objectives
Focus - Long Term Objectives Return to 4 – 5% Organic Net Sales Growth Expand our core business – Maximize existing product categories within existing geographies. Increase spending in research and development through glocalization reinvestment. Explore new business opportunities beyond our tr
Slide 13: Globalization - Timeline
Globalization - Timeline Achieve $100 Million 2015 Execute 2011 - 2014 Realign 2010 Over the course of the five year Visioning program, where does the $100 million 2009 benefit come from? Grow the Core Cost Out Operational & Lean 13 SG&A
Slide 14: Globalization - Transformation Cycle
Globalization - Transformation Cycle Product Engineering Commercial Operations Supply Chain Local Global 2009 2014 14
Slide 15: Investment Highlights
Investment Highlights Invacare is a well positioned company … Industry leading market positions Strong brand reputation with superior and innovative products Complete range of home healthcare products Strong sales and marketing coverage without major exposure to single customer Geographica