Artivion, Inc. · NYSE:AORT
Artivion — Investor Presentation (August 2026)
23 slides from Artivion's investor presentation, August 2026
Slide 1: Corporate Overview
Corporate Overview August 2026 © 2026 Artivion, Inc. 1
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT Statements made in this presentation that look forward in time or that express management’s beliefs, expectations, or forecasts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect
Slide 3: An Aortic Disease-Focused Company
AN AORTIC DISEASE-FOCUSED COMPANY ~$444 MILLION FY25 REVENUE; ~$90 MILLION FY25 EBITDA AORTIC VALVE STENOSIS <65 YRS ALLOGRAFT MECHANICAL VALVES VALVES AORTIC DISSECTION & ANEURYSMS Aneurysm SURGICAL STENT SEALANT GRAFTS Dissection © 2026 Artivion, Inc. 3
Slide 4: Experienced Leaders
EXPERIENCED LEADERS Decades of combined experience and leadership in the medical device industry Lance Berry John Davis Jean Holloway Simona Zannetti EVP, COO & CFO Chief Commercial Officer SVP, GC, CCO & CS SVP, Clinical Research & Chief Medical Officer Pat Mackin Chairman, President & CEO Previous
Slide 5: Opportunity Overview
OPPORTUNITY OVERVIEW Leveraging the Most Comprehensive Aortic-Focused Portfolio in Healthcare for Durable Revenue Growth and EBITDA Margin Expansion Highly Differentiated Aorta Expert Global Sales Force Limited Competition with Focused Products in Focused End Markets High Barriers to Entry Technolo
Slide 6: Driving Sustained Double-Digit Revenue Growth & 2x+ EBITDA Growth
DRIVING SUSTAINED DOUBLE-DIGIT REVENUE GROWTH & 2x+ EBITDA GROWTH Highly Differentiated, High Growth, Gross Margin Highly Defendable High Margin Expansion + Double Digit Base Business Businesses SG&A Leverage Revenue Growth Stent 2x+ Preservation Gross margin Services Grafts expansion through mix
Slide 7: Highly Differentiated, Highly Defendable Base Business
HIGHLY DIFFERENTIATED, HIGHLY DEFENDABLE BASE BUSINESS Strong Positions in Segments with Limited Competition and No Anticipated New Entrants Market 2025 # Major Growth Differentiation Global TAM Position/ Revenue Competitors Profile Share Only Preservation Mid Decellularized Services $96M $150M #1 /
Slide 8: On-X Aortic Heart Valve
ON-X AORTIC HEART VALVE POST APPROVAL STUDY (PAS) VS. PROACT IDE 5-year real-world results demonstrate even better patient outcomes than predicted by the On-X aortic heart valve PROACT IDE study COMPOSITE PRIMARY ENDPOINT Only Mechanical 5.39% vs 1.83%, p<0.0001; N=229 Heart Valve Maintained at a Lo
Slide 9: On-X: High Growth, High Margin, with Market Upside
On-X: HIGH GROWTH, HIGH MARGIN, WITH MARKET UPSIDE New Recently Published Data Across Three Leading Journals to Drive Potential $100 million Upside to Addressable U.S. Mechanical Heart Valve Market 5-year PAS Data Presented in April 20241 Demonstrated 87% Reduction in Major Bleeding Validated On
Slide 10: On-X: Significant Market Opportunity for Profitable, Cash Generating Product Line
On-X: SIGNIFICANT MARKET OPPORTUNITY FOR PROFITABLE, CASH GENERATING PRODUCT LINE Current On-X Remaining Mechanical BPV <65 Market Total Global On-X Business Valve Market Opportunity Expansion Opportunity Market Opportunity ~$150M ~$400M Only mechanical heart valve indicated for Low INR of 1.5– 2.
Slide 11: High Growth Stent Graft Business
HIGH GROWTH STENT GRAFT BUSINESS Focused on More Complex, Less Competitive Segments Artivion Stent Graft Growth: 18% 3-year CAGR1 Advanced Stent Graft Segment Mature Stent Graft Segment MARKET GROWTH RATE: MID-TEENS MARKET GROWTH RATE: MID-SINGLE DIGITS Frozen Elephant Trunk (E-vitaTM Open Neo)
Slide 12: U.S. Complex Aortic Arch Market Portfolio
U.S. COMPLEX AORTIC ARCH MARKET PORTFOLIO Innovation Leader in Space with Acceptable Reimbursement; New MS-DRG Code 209, effective October 1, 2025 Arcevo LSA NEXUS ONE Pivotal Trial Enrolling PMA Approved; Recently Acquired AMDS NEXUS DUO / TRE PMA Approved PMA Pipeline NEXUS Ascending NEXUS LSA PM
Slide 13: Aortic Arch Focused R&D Pipeline
AORTIC ARCH FOCUSED R&D PIPELINE Step Function Revenue/EBITDA Growth Catalysts via Multipronged PMA Pipeline of High Margin Products Regulatory Path 2025 2026 2027 2028 2029 2030 2031 2032+ Hybrid Dissection Prosthesis US PMA Approved AMDS in June 2026 Endovascular Arch Branch US PMA Approved in Ap
Slide 14: Early U.S. Launch of AMDS Hybrid Prosthesis
EARLY U.S. LAUNCH OF AMDSTM HYBRID PROSTHESIS High growth, high margin business with limited competitive alternatives PMA approved in June 2026 Strong reordering patterns reflect positive user experience supported by growing body of evidence New MS-DRG Code 209, effective October 1, 2025 $15
Slide 15: AMDS PERSEVERE US IDE Study
AMDSTM PERSEVERE US IDE STUDY Full IDE data demonstrates AMDS use significantly lowers 30-day Major Adverse Events (MAEs) compared to hemiarch control ACUTE DEBAKEY TYPE I (ADTI) Through Hospital WITH MALPERFUSION Full 30-Day Discharge Data Data Hemiarch Reference Cohort Avg.¹ (n=790) PERSEVERE² (n=
Slide 16: TRIOMPHE IDE Trial Demonstrates Safety & Effectiveness
TRIOMPHE IDE TRIAL DEMONSTRATES SAFETY & EFFECTIVENESS FDA Approved for the endovascular treatment of chronic dissections involving the aortic arch who are high risk for open surgical repair 30-DAY N=60 (Co-Primary Performance Goal p Value 1-YEAR Endpoints) PMA Approved in Clinical Failure1 15.0% 35
Slide 17: ARTIZEN Pivotal IDE Study
ARTIZEN PIVOTAL IDE STUDY Prospective, Non-randomized, Non-blinded, Double-arm, Multicenter (US & EU ≈ 30 Sites) PRIMARY PATIENT GROUP • 117 patients: Chronic dissection or Aneurysm • Primary endpoint: Freedom from major adverse events (MAEs) within 1-year post-index procedure: all-cause mortality,
Slide 18: New Long-Term Study Shows Excellent Survival & Durability with the Ross Procedure
NEW LONG-TERM STUDY SHOWS EXCELLENT SURVIVAL & DURABILITY WITH THE ROSS PROCEDURE Published in JACC: Journal of The American College of Cardiology in June 2026 STUDY DESIGN • 455 consecutive adult Ross procedures at a single high-volume Ross center from Actuarial Survival After the 2011–2019; 95% (n
Slide 19: Differentiated Business Model with Highly Leverageable Global Infrastructure
DIFFERENTIATED BUSINESS MODEL WITH HIGHLY LEVERAGEABLE GLOBAL INFRASTRUCTURE Significant EBITDA Margin Expansion Opportunity Gross Margin Scalable Global Leverageable Global Reinvesting in R&D Expansion Sales Force G&A Infrastructure Highly Accretive Product ~200 Global Direct Sales Consistent inves
Slide 20: Full Year 2026 Revenue Guidance
FULL YEAR 2026 REVENUE GUIDANCE GROWTH DRIVERS + Continued strength in existing products On-X and aortic stents $90.0M + Positive new data supporting the benefits of AMDS and On-X aortic valves $480M- Revenue* ($) $443.6M $496M + Continued adoption of AMDS following Y/Y cc. 13% 7-11% receipt FDA PMA
Slide 21: Revenue Growth and Operating Leverage to Drive Adjusted EBITDA Expansion
REVENUE GROWTH AND OPERATING LEVERAGE TO DRIVE ADJUSTED EBITDA EXPANSION FULL YEAR 2026 ADJUSTED EBITDA EXPECTATIONS* DRIVERS Expect continued operating leverage to be $90.0M driven by gross margin expansion, global sales force and G&A infrastructure Adjusted $89.6M $92M- EBITDA ($) $99M *Now includ
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS Category-defining products & expanding aortic market leadership Global infrastructure with substantial leverage opportunity Concentrated end markets with expert sales organization Base business driving consistent and sustainable free cash flow High-margin, low-competi
Slide 23: © 2026 Artivion, Inc.
© 2026 Artivion, Inc.