Invacare — Jefferies Global Life Sciences Conference 2010
12 slides from Invacare's conference presentation, Jun 11, 2010
Slide 1: Jefferies Global Life Sciences Conference
Jefferies Global Life Sciences Conference June 11, 2010 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation 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 Distributed Products
Slide 4: Geographically Diverse
Geographically Diverse Sales & Earnings Before Taxes by Geography - (12/31/09) Europe 30% of Sales 40% of EBT North America 66% of Sales 58% of EBT Asia / Pacific 4% of Sales 2% of EBT Based on 2009 segment data as reported in 2009 Form 10-K. EBT excludes unallocated corporate SG&A and intercompany
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 Power Wheelchairs #1 #2 Custom Manual WCs #1 #1 Standard WCs #1 Patient Aids #1 Beds #1 Concentrators #1 Oxygen Transfilli
Slide 6: Global Product Innovator
Global Product Innovator XPO2™ Portable Concentrator HomeFill® Oxygen System with Perfecto2® Oxygen Concentrator Invacare® FDX™ and M2 Cylinder Power Wheelchair Invacare® Action™ Manual Wheelchair Solo2™ Transportable (Sold in Europe Only) Oxygen Concentrator Carroll Series® CS9 Series 6 Bed
Slide 7: New Opportunities - Services
New Opportunities - Services Invacare Corporation now offers services to help U.S. home medical equipment providers respond to the challenges associated with accreditation, escalating operating costs and changes in Medicare reimbursement. Nationwide network of technicians focused on repair of cons
Slide 8: Historic Results & 2010 Financial Objectives
Historic Results & 2010 Financial Objectives 2007 Result 2008 Result 2009 Result 2010 Guidance(1) Organic Growth 2.9% 7% -0.2% 0 - 1% Adjusted EPS(2): Target / Actual $1.12(3) $1.35(3) $1.58(3) $1.70 - $1.80 21% 17% 8 - 14% % Incr. vs Prior Year Free Cash Flow(2) $72.5 million $60 million $142 milli
Slide 9: Turn Around and EBITDA
Turn Around and EBITDA (Trailing 12 months As Calculated For Bank Covenants) $150 6.00 $145 5.00 $140 $135 4.00 $130 $125 3.00 $120 2.00 $115 $110 1.00 $105 $100 - Q1 '06 Q2 '06 Q3 '06 Q4 '06 Q1 '07 Q2 '07 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q4 '08 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 EBITDA 137 128 11
Slide 10: Focus - Long Term Objectives
Focus - Long Term Objectives Return to 4 – 5% Organic 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 traditi
Slide 11: Glocalization Opportunities
Glocalization Opportunities Glocalize the product offering – Take advantage of global footprint, but maintain local requirements and value-added elements Globalize supply chain management with regional fulfillment, Asian aggregation and direct container shipment Improve integrated systems plat
Slide 12: Investment Highlights
Investment Highlights Invacare is a well positioned company … Industry leading market positions Strong brand reputation with superior products Complete range of home healthcare products Strong sales and marketing coverage without major exposure to single customer Geographically diversified
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