Dentsply Sirona Inc. · NASDAQ:XRAY
Dentsply Sirona — Merger or Acquisition (January 2021)
16 slides from Dentsply Sirona's merger presentation, Jan 4, 2021
Slide 1: Dentsply Sirona Acquires Byte, Creates Enhanced Scale in Clear Aligner Market
Dentsply Sirona Acquires Byte® Creates Enhanced Scale in the Important Clear Aligner Market January 4, 2021 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement This communication, in addition to historical information, contains “forward-looking statements” regarding, among other things, future events or the future financial performance of Dentsply Sirona. Words such as “anticipate,” “expect,” “project,” “intend,” “believe,” and words
Slide 3: Today's Speakers
Today’s Speakers Donald M. Casey Chief Executive Officer Dentsply Sirona Jorge Gomez Chief Financial Officer Dentsply Sirona Neeraj Gunsagar Chief Executive Officer Byte
Slide 4: Don Casey, CEO
Don Casey, CEO S ooy + byte
Slide 5: Our Strategy & Vision
Our Strategy & Vision Grow Revenues Improve Margins Simplify the Organization Take advantage of the unique global breadth and depth of Dentsply Sirona to create more meaningful solutions for dentists built around innovative products and differentiated clinical education.
Slide 6: Compelling Strategic and Financial Rationale
Compelling Strategic and Financial Rationale Significantly enhances scale in the important clear aligner market Increases access to quality dental care for additional patients Accretive to long-term financial targets and Non-GAAP EPS in 2021 ü ü ü
Slide 7: Strategic Acquisition Provides Mutual Benefits
Strategic Acquisition Provides Mutual Benefits Global dental solutions platform with strong network of dental partners A leader in dental innovation with proven R&D engine Extensive supply chain and logistics network SureSmile® in-office clear aligner solution provides outstanding digital treatment
Slide 8: Neeraj Gunsagar, CEO of Byte
Neeraj Gunsagar, CEO of Byte e sions” + byte J] ole} 5 entsply ona
Slide 9: Leading Direct-to-Consumer, Doctor-Directed Clear Aligner Company
Leading Direct-to-Consumer, Doctor-Directed Clear Aligner Company Founded in 2017 and headquartered in Los Angeles Highly innovative platform Technology provides fast and convenient at-home aligner system Effective treatment planning overseen by network of licensed dentists and orthodontists Leverag
Slide 10: Strong Platform Offering Competitive and Differentiated Capabilities
Strong Platform Offering Competitive and Differentiated Capabilities Fast results for mild to moderate orthodontic needs ü Doctor-directed care ü Excellent patient outcomes ü 100% approval financing ü Accelerating device included ü Customer-experience driven, onshore customer service ü Advanced back
Slide 11: Jorge Gomez, CFO
Jorge Gomez, CFO Sooy + byte
Slide 12: Transaction Summary
Transaction Summary Transaction valued at ~$1.04 billion. $160 million expected tax benefit Funded with cash on hand Transaction Structure Neeraj Gunsagar and existing management team will continue to operate the business Leadership Acquisition closed on December 31, 2020 Timing Clear aligners is a
Slide 13: Strong Financial Impact and Outlook
Strong Financial Impact and Outlook Accretive to Long-Term Financial Targets Provides accretion to Dentsply Sirona’s 3-4% long-term revenue growth rate Byte expected 2021 run-rate sales of at least $200 million Combined clear aligner portfolio estimated to generate revenue run-rate in excess of $300
Slide 14: Creating Sustainable Value in 2021 and Beyond
Creating Sustainable Value in 2021 and Beyond Strengthened R&D and commercial platforms well-positioned to execute on compelling value of transaction Combined clear aligner portfolio to drive continued revenue growth, increase patient access and support dental partners Positioned to capitalize on th
Slide 15: Key Transaction Highlights
Key Transaction Highlights Significantly enhances scale in the important clear aligner market Increases access to quality dental care for additional patients Accretive to long-term financial targets and Non-GAAP EPS in 2021 ü ü ü
Slide 16: Thank You
Thank You
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