1. Fact
Book
2007-2008
Investor Relations
Katherine A. Owen
Vice President, Strategy
and Investor Relations
Public & Media Relations
J. Patrick Anderson
Vice President,
Corporate Affairs
2825 Airview Boulevard
Kalamazoo, MI 49002
t: 269 385 2600
2. Table of
Contents
Stryker Overview
Company Leadership............................................................................................................ 2
Summary of Results Years Ending December 31 ................................................................ 3
Net Sales as Reported........................................................................................................... 4
Net Earnings as Reported ..................................................................................................... 5
Adjusted Net Earnings from Continuing Operations............................................................ 6
Diluted Net Earnings per Share as Reported ........................................................................ 7
Adjusted Diluted Net Earnings per Share from Continuing Operations............................... 8
2007 Product Portfolio Sales................................................................................................ 9
2007 Orthopaedic Implant Product Sales ............................................................................. 10
2007 MedSurg Equipment Sales .......................................................................................... 11
2007 Sales by Geography..................................................................................................... 12
Market Segment Overview
Medical Technology Market Overview
2007 Worldwide Market ...................................................................................................... 14
Orthopaedic Market Segment Overview
2007 Worldwide Market by Product .................................................................................... 15
2007 Worldwide Market by Company ................................................................................. 16
2007 Worldwide Market by Geography............................................................................... 17
Orthopaedic Implant Segment Overview
2007 Worldwide Reconstructive Market.............................................................................. 18
2007 Worldwide Spinal Market ........................................................................................... 19
2007 Worldwide Trauma & Craniomaxillofacial Market .................................................... 20
2007 Worldwide Orthobiologics Market.............................................................................. 21
MedSurg Equipment Segment Overview
2007 Worldwide Operating Room Equipment Market ........................................................ 22
2007 Worldwide Endoscopy Market.................................................................................... 23
2007 North American Patient Handling Market................................................................... 24
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Fact Book 2007-2008
3. Stryker
Overview
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Fact Book 2007-2008 1
4. Company
Leadership
John W. Brown Chairman of the Board
Stephen P. MacMillan President and Chief Executive Officer
J. Patrick Anderson Vice President, Corporate Affairs
Dean H. Bergy Vice President and Chief Financial Officer
Xavier Berling Representative Director and President, Japan
Patrick J. Beyer President, EMEA (Europe, Middle East, Africa)
Lonny J. Carpenter Vice President and General Manager, Medical
James L. Cunniff President, Pacific
William R. Enquist President, Global Endoscopy
Andrew Fox-Smith President, International
Curtis E. Hall, Esq. Vice President and General Counsel
Curt R. Hartman President, Global Instruments
Stephen Si Johnson Vice President, Group President, MedSurg
James E. Kemler Vice President, Group President, Biotech, Osteosynthesis and Development
Ronald L. Lancaster Vice President, Development
Edward B. Lipes Executive Vice President
Lee D. Lovely Vice President and General Manager, Canada and Latin America
Eric Lum Vice President, Tax
Vivian Masson President, Osteosynthesis
Michael P. Mogul President, Orthopaedics
Katherine A. Owen Vice President, Strategy and Investor Relations
James B. Praeger Controller
Michael W. Rude Vice President, Human Resources
Timothy J. Scannell President, Spine
Elizabeth A. Staub Vice President, Regulatory Affairs and Quality Assurance
Bronwen R. Taylor Vice President, Internal Audit and Compliance
Thomas R. Winkel Vice President and Secretary
Bryant S. Zanko Vice President, Business Development
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Fact Book 2007-2008 2
5. Stryker Overview
Summary of Results Years Ending December 31
As Reported
2007 2006 % Change
Net Sales $6,001 $5,147 17%
Net Earnings 1,017 778 31%
Diluted Net Earnings per Share 2.44 1.89 29%
Dividends per Share 0.33 0.22 50%
Adjusted Results
2007 2006 % Change
Net Sales $6,001 $5,147 17%
Adjusted Net Earnings
from Continuing Operations¹ 999 824 21%
Adjusted Diluted Net Earnings per Share
from Continuing Operations² 2.40 2.00 20%
Adjusted Return on Sales 17% 16%
Adjusted Return on Average Equity 21% 22%
$ in millions (except per share amounts)
1. See page 6 for the reconciliation to adjusted net earnings from continuing operations.
2. See page 8 for the reconciliation to adjusted diluted net earnings per share from continuing operations.
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Fact Book 2007-2008 3
10. Stryker Overview
Adjusted Diluted Net Earnings per Share
from Continuing Operations*
$2.60 2.40
$2.40
$2.20 2.00
$2.00
1.65
$1.80
$1.60 1.37
$1.40
1.03
$1.20
$1.00 0.80
0.63
$0.80
0.52
0.41
$0.60
0.34
$0.40
$0.20
$0.00
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Annual
13% 21% 27% 21% 27% 29% 33% 20% 21% 20%
Growth Rate
* RECONCILIATION TO ADJUSTED DILUTED NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Reported Diluted Net Earnings per Share $0.15 $0.03 $0.52 $0.63 $0.81 $1.07 $1.08 $1.57 $1.89 $2.44
Adjustments (Net of Tax):
Inventory Step-Up in Cost of Sales 0.01 0.32 - - - - - - - -
Goodwill/Workforce Intangible Amortization 0.01 0.03 0.03 0.03 - - - - - -
Purchased In-Process Research & Development 0.14 - - - - - 0.30 0.04 0.13 -
Income Taxes on Repatriation of Foreign Earnings - - - - - - - 0.07 - -
Acquisition-Related, Restructuring and Special Charges (Credits) 0.06 0.03 - - 0.03 - - - - -
Extraordinary Loss - - - 0.01 - - - - - -
Intangible Asset Impairment - - - - - - - - - 0 .03
Net Earnings and Gain on Sale of Discontinued Operations (0.02) (0.01) (0.03) (0.04) (0.04) (0.04) - (0.03) (0.02) (0.07)
Subtotal 0.20 0.37 - - (0.01) (0.04) 0.29 0.08 0.11 (0.04)
Adjusted Diluted Net Earnings per Share from Continuing Operations $0.34 $0.41 $0.52 $0.63 $0.80 $1.03 $1.37 $1.65 $2.00 $2.40
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Fact Book 2007-2008 8
11. Stryker Overview
2007 Product Portfolio Sales
Orthopaedic
Implants
Trauma and
60%
Craniomaxillofacial
Spinal
Hips
Other Reconstructive
Medical
Beds & Stretchers
Knees
Endoscopy
MedSurg
Operating Room
Equipment
Equipment
40%
MedSurg Equipment
Orthopaedic Implants
$ in Millions
Constant
Currency
2007 2006 % Change
Orthopaedic Implants $3,571 $3,110 15% 12%
MedSurg Equipment 2,430 2,037 19% 17%
Total $6,001 $5,147 17% 14%
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Fact Book 2007-2008 9
12. Stryker Overview
2007 Orthopaedic Implant Product Sales
Knees
Other
Reconstructive
Trauma and
Craniomaxillofacial
Hips
Spinal
60% of Total Company Sales
$ in Millions
4,000
3,571
3,500
3,110
2,850
3,000
2,556
2,500 2,192
1,798
2,000
1,537
1,406
1,334
1,500 1,191*
1,000
500
0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Annual
Growth Rate N.M. 12% 5% 9% 17% 22% 17% 12% 9% 15%
* Proforma results assuming 12 months of sales for both Stryker and Howmedica. Orthopaedic Implant product sales as reported in 1998 were
$410 million.
N.M. = Not Meaningful
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Fact Book 2007-2008 10
13. Stryker Overview
2007 MedSurg Equipment Sales
Operating Room
Equipment
Medical
Beds & Stretchers
Endoscopy
40% of Total Company Sales
$ in Millions
2,430
2,400
2,037
2,100
1,759
1,800
1,461
1,500
1,210
1,012
1,200
884
900 736
648
597*
600
300
0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Annual
N.M. 9% 14% 20% 14% 20% 21% 20% 16% 19%
Growth Rate
* Proforma results assuming 12 months of sales for both Stryker and Howmedica. MedSurg equipment sales as reported in 1998 were $577 million.
N.M. = Not Meaningful
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Fact Book 2007-2008 11
14. Stryker Overview
2007 Sales by Geography
United States
EMEA Region
Japan
Pacific Region
Canada &
Latin America
Region
United States: 64%
International: 36%
$ in Millions
Constant
Currency
2007 2006 % Change
United States $3,851 $3,298 17% 17%
International 2,150 1,849 16% 9%
Total $6,001 $5,147 17% 14%
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Fact Book 2007-2008 12
15. Market
Segment
Overview
The data set forth in this Market Segment Overview is derived, in part, from third party sources, including publicly reported
information to the extent available. We are unable to independently verify the information that comes from third party
sources. Moreover, the total market segment size and the market segment share of the companies included is
necessarily based on estimates as many companies do not report the specific information identified by market segments
as classified in this Market Segment Overview. The data presented is based on our definition of the market segments.
Accordingly, while we believe that this data is representative, it is presented only to provide the reader with a broad
overview and should not be relied on.
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Fact Book 2007-2008 13
16. Medical Technology Market Overview
2007 Worldwide Market
Top Medical Technology Companies ($ in Billions)
Total Total
Estimated Estimated
Med Tech Company
Sales Sales
Rank Company
1. J&J 21.7 61.1
2. G.E. 17.0 172.7
3. Siemens 14.2 101.6
4. Medtronic 12.9 12.9
5. Baxter 11.3 11.3
6. Covidien 10.4 10.4
7. Philips 8.9 36.7
8. Boston Scientific 8.4 8.4
9. Abbott 6.3 25.9
10. Stryker 6.0 6.0
11. Becton Dickinson 5.5 6.6
12. Cardinal Health 5.0 89.4
13. B. Braun 4.5 4.5
14. 3M 4.0 24.5
15. Zimmer 3.9 3.9
16. St. Jude 3.8 3.8
17. Smith & Nephew 3.4 3.4
17. Hospira 3.4 3.4
19. Olympus 2.9 9.7
20. Beckman Coulter 2.8 2.8
21. Synthes 2.7 2.7
22. Terumo 2.6 2.6
22. Fresenius 2.6 9.7
24. Onex 2.5 2.5
24. Alcon 2.5 5.6
26. C.R. Bard 2.2 2.2
26. Biomet 2.2 2.2
28. Dentsply 2.0 2.0
29. Varian Medical 1.8 1.8
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Fact Book 2007-2008 14
17. Orthopaedic Market Segment Overview
2007 Worldwide Market by Product
Arthroscopy
Orthobiologics Hyaluronic Acid
Other
Operating Room
Equipment
Trauma and
Craniomaxillofacial
Reconstructive
Joint Replacement
Spinal
Market Size: $31.6 Billion
$ Growth: 11%
Stryker participates in shaded areas above
Estimated ($ in Billions)
Percent Growth
of Market Rate
Implants Sales
Knees $5.9 19% 11%
Spinal Devices 5.1 16% 11%
Hips 5.0 16% 11%
Trauma & Craniomaxillofacial 4.4 14% 12%
Orthobiologics 2.5 8% 13%
Hyaluronic Acid 1.0 3% 9%
Extremities & Bone Cement 0.9 3% 19%
Subtotal $24.8 79% 12%
Percent Growth
of Market Rate
Equipment & Other Sales
Operating Room Equipment $3.0 9% 11%
Arthroscopy 2.4 8% 11%
Other 1.4 4% 3%
Subtotal $6.8 21% 9%
Total Orthopaedic Market $31.6 100% 11%
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Fact Book 2007-2008 15
18. Orthopaedic Market Segment Overview
2007 Worldwide Market by Company
Other
Stryker
Biomet
Smith & Nephew
Synthes
J&J
Medtronic
Zimmer
Market Size: $31.6 Billion
$ Growth: 11%
Estimated ($ in Billions)
Orthopaedic Orthopaedic Orthopaedic
Sales Market Share Growth Rate
Company Total Sales
Stryker $6.0 $5.0 16% 16%
J&J 61.1 4.0 13% 10%
Zimmer 3.9 3.7 12% 11%
Medtronic* 12.9 3.3 10% 9%
Synthes 2.7 2.7 9% 13%
Smith & Nephew* 3.4 2.6 8% 16%
Biomet 2.2 1.9 6% 5%
Other N/A 8.4 26% 9%
Total Market N/A $31.6 100% 11%
* Proforma
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Fact Book 2007-2008 16
19. Orthopaedic Market Segment Overview
2007 Worldwide Market by Geography
United States
EMEA Region
Japan
Pacific Region
Canada & Latin
America Region
Market Size: $31.6 Billion
$ Growth: 11%
Stryker participates in all geographic markets
Estimated ($ in Billions)
Percent of Growth Constant Currency
Geographic Market Market Rate Growth Rate
2007
United States $19.7 62% 10% 10%
EMEA Region 7.9 25% 16% 7%
Pacific Region 1.6 5% 14% 7%
Japan 1.5 5% (5)% (3)%
Canada & Latin America Region 0.9 3% 10% 8%
Total Market $31.6 100% 11% 9%
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Fact Book 2007-2008 17
20. Orthopaedic Implant Segment Overview
2007 Worldwide Reconstructive Market
Knees
Extremities &
Bone Cement
Hips
Market Size: $11.8 Billion
$ Growth: 12%
Stryker Growth: 12%
Stryker participates in all segments above
Estimated
Market Share
Company
Zimmer 26%
J&J 21%
Stryker 20%
Smith & Nephew* 12%
Biomet 10%
Other 11%
* Proforma
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Fact Book 2007-2008 18