ZimVie — Q2 2024 Earnings Presentation
14 slides from ZimVie's earnings presentation, Aug 1, 2024
Slide 1: A Global Dental Leader
A Global Dental Leader August 2024 Exhibit 99.2
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within the meaning of federal securities laws, including, among others, any statements about our expectations, plans
Slide 3: ZimVie: A Global Dental Leader
ZimVie: A Global Dental Leader Powerful, market-leading portfolio of premium implants, restorative implant solutions, biomaterials solutions, and digital dentistry technologies 8 Million 8 million U.S. patients seek treatment for tooth loss annually 25% Only 25% receive tooth replacement Focused on
Slide 4: Clear Strategy for Value Creation
Clear Strategy for Value Creation Completed sale of spine business in April 2024 Paid down $275M of debt, significantly improving balance sheet health Reducing corporate overhead, IT and legal costs following sale of spine business Optimizing manufacturing operations through automation Improving the
Slide 5: Dental Implants: Portfolio Overview
Addressing comprehensive needs of oral surgeons and dental clinicians with a wide range of indications Key Products Full range of abutments, copings and analogs TSX ® Implant T3® PRO Implant Recent Launches T3 ® PRO Implant Encode® Emergence Healing Abutment TSX ® Implant Azure™ Multi-Platform Solut
Slide 6: Biomaterials: Portfolio Overview
Key Products Recent Launches Puros® Allograft Bone Block Barrier Membranes Xenograft and Synthetic Bone Grafts RegenerOss® Cortico–Cancellous Particulate RegenerOss® Bone Graft Plug Puros® Allograft Products Biotivity™ A/C Plus Membrane Biomaterials: Portfolio Overview Expanding the pool of patients
Slide 7: Digital Dentistry: Portfolio Overview
Key Products Recent Launches Digital Dentistry: Portfolio Overview Generating implant pull-through with efficient, fully integrated tooth replacement workflow solutions BellaTek® System GenTek™ System SmileZ Today ® RealGUIDE™ Software RealGUIDE™ Software Virtual Treatment Planning CAD/CAM Workflow
Slide 8: End-to-End Solutions Save Time and Improve the Clinician and Patient Experience
Virtual Treatment Planning Custom Surgical Guide Kits Delivering digital workflow enhancements to save clinician time and improve patient satisfaction AI facilitated reconstruction procedures require 3 fewer hours of human labor* ZimVie Encode Emergence workflow reduces chair time and saves one rest
Slide 9: Financial Profile & Outlook
Financial Profile & Outlook Net Sales Adjusted EBITDA Q2 2024* FY 2024 $116.8M $16.1M(1) $450M-$460M $60M-$65M(2) Drivers of Progress Expanding portfolio adoption within large, underserved dental markets Reducing expense profile to improve margins Best-in-class portfolio and commitment to ongoing in
Slide 10: Committed to Executing Strategic Transformation
Committed to Executing Strategic Transformation Address and reduce stranded costs Optimize manufacturing & supply chain capabilities Position the business for sustainable growth Continue innovating and driving digital adoption to optimize our customer experience and increase total patient implant pr
Slide 11: Appendix
Dp Appendix < ZimVie
Slide 12: Note on Non-GAAP Financial Measures
Note on Non-GAAP Financial Measures This presentation includes non-GAAP financial measures that differ from financial measures calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). These non-GAAP financial measures may not be comparable to similar measures reported by
Slide 13: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA ($ in thousands) [1] Restructuring activities to better position our organization for future success based on the current business environment and sale of the spine business. [2] Acquisition, integration, divestiture and related expenses for the three and six months
Slide 14: Reconciliation of Adjusted Net (Loss) Income and Adjusted EPS
Reconciliation of Adjusted Net (Loss) Income and Adjusted EPS (in thousands, except per share data) [1] Restructuring activities to better position the organization and the expenses incurred were primarily related to severance and professional fees.. [2] Acquisition, integration, divestiture and rel