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The Life and Times of Biomet
  Fiscal Years 1978 – 2012
         I U Kokomo
      Kokomo, Indiana

        February 12,
           2013
1977

   Incorporated in November
   8 Team Members
   Early Financing
   $725,000 Capital
           $500,000 SBA Guaranteed Loan
           $100,000 Revolving Line
           $125,000 Equity
1977

   Began Developing Major
    Technological Advances
       Titanium Alloy
        Reconstructive Products
       Direct Compression Molded
        Polyethylene
       Titanium Plasma Spray
        Porous Coating
1978

   Biomet Moved into Initial Facility
   $17,000 Net Sales
   $63,000 Net Loss
Recipient of Biomet’s 1st Hip Implant:
  Dane Miller’s Maternal Grandmother,
           Grace Shumaker
1978 - 1st Color Print Advertisement
   “The Newest Manufacturer of Orthopedic Implants
        is Working Nearly Around the Clock…
          That’s Why the Lights Are Still On”
1979

   The Total Cruciate Condylar Knee
       Predecessor to the AGC Total Knee
       Incorporated Biomet’s 1st Compression
        Molded Tibial Component
1979
   Jerry & Kenneth Miller
       Provided Biomet with Early
        Equity Financing
       Served on Biomet’s Board
        of Directors for many years
1980

   $1.1 Million Net Sales
   Ground-Breaking for Current Site
       Financed by Sale of Economic
        Development Revenue Bonds
1981

   $1.25 Million Raised in Subordinated
    Debenture Offering
   Facility Completion
       23,000 Sq. Ft.
       3 Independent Locations Vacated (53 Team Members)
   Produced Biomet’s 1st Annual Report
       Theme: “Not Just Another Year”
1982
   $3.5 Million Net Sales
   $1.25 Million Raised through Initial Public Offering
1983
   AGC Total Knee
       1st System to Offer Complete
        Component Interchangeability
       Top Performer with Excellent
        Clinical Results
   March Stock Split: 2 for 1
   July Stock Split: 2 for 1
   $11.9 Million Raised in
    Secondary Public Offering
1984

   Introduction of Titanium Plasma
    Spray Porous Coating
   Acquisition of Orthopedic
    Equipment Company
       Expanded Biomet’s Worldwide
        Market Presence
   $10.6 Million Net Sales
1984



   Indiana Small Business
    Person of the Year
   Meeting with President Reagan
1985
   New Products
       Bi-Metric Hip for cementless
        or cemented implantation
       AGC Calibrated Distractor
       Redi-Drape
1986

    Stock Split: 2 for 1
    $44.1 Million Net Sales
    $24.7 Million Raised in
     Secondary Public Offering
1986

   Groundbreaking for 3rd Building
    Addition of 66,000 Sq. Ft.
   $500,000 SBA Loan Retired Early
       Estimated $9 Million Combined
        Corporate & Personal Tax Revenues
        Collected as Result of Funding
1987

   Biomet Gaining National
    Media Exposure as “Hot
    Growth Company”
1988
   Acquisition of EBI
       Leader in Electrical Stimulation &
        External Fixation Markets
   New plant in Swindon,
    England Replaced
    Leased Facilities
   $97.6 Million Net Sales
   Stock Split: 3 for 2
1989

   Introduction of Bi-Angular
    Total Shoulder System
   Stock Split: 3 for 2
   1,000 Team Members
   Indiana Business Publication Names
    Miller “Entrepreneur of the Year”
    for High Technology Sector
1990
   $162.4 Million Net Sales
   EBI Introduces SpF-T Line of Spinal
    Fusion Stimulators
1991

   President George Bush presented Small Business
    Administration National Entrepreneurial Success
    Award to Miller & Noblitt
   Biomet Led Forbes’ Honor Role of Small
    Publicly Traded Companies
1991

   January Stock Split: 2 for 1
   3-Story 43,000 Sq. Ft. Facility Expansion
   11,000 Sq. Ft. Building Constructed in
    Warsaw for Resorbable Material Technologies
   December Stock Split: 2 for 1
1992

   $274.8 Million Net Sales
   Acquisition of Lorenz Surgical in
    Jacksonville
       Market Leader in Craniomaxillofacial
        Fixation Products
1993

   Swedish Knee Study Reported AGC Knee
    Had Lowest Revision Rate of Knees in Study
   Introduction of Maxim Total Knee System
   1,760 Team Members
   Biomet 3rd on Hoosier “Top 50” List
1994
   $373.3 Million Net Sales
   $25 Million Share Repurchase Program
   Acquisition of Kirschner
       Reconstructive & Softgoods Products
       Performance Knee
       Casting Facility in New Jersey
       Mfg. Plant in Spain
1995

   27% Increase in
    International Sales
   ArCom Argon Packaged,
    Compression Molded
    Polyethylene
1996

   Mallory-Head Modular Calcar
    Revision Series Introduced
      Provides Customized
       Fixation Alternatives
   Launch of EBI DynaFix
    External Fixation System
   $535.2 Million Net Sales
1996
   60,000 Sq. Ft. Addition to Lorenz Surgical
      Manufacturing
      R&D
1997

   Introduction of Indiana Tome
    Carpal Tunnel Release System
   $580.3 Million Net Sales
   2,500 Team Members
   26 Facilities totaling 1,071,000
    Sq. Ft.
   EBI Launched SpineLink
    Fixation System
1998
   Biomet Merck JV
   European Launch of TRAC
    Mobile Bearing Knee
   $651.4 Million Net Sales
   2,750 Team Members
   Ascent Total Knee System
    Launched
   Omega 21 Spinal Fixation &
    SpineLink Anterior Cervical
    Systems Introduced
1999
   Alliance with Selective Genetics to
    Develop Gene Therapy Products
   $757.4 Million Net Sales
   Introduction of Mimix Bone
    Substitute Material
   Biomet Entered Worldwide Dental
    Reconstructive Implant Market
    with Acquisition of 3i
2000
   M2a Metal-On-Metal Hip
    Articulation System
   $920.6 Million Net Sales
   Stock Split: 3 for 2
   Biolectron Acquisition
    Added Non-Invasive
    Electrical Stimulation
   4,000 Team Members
2001
   Approximately 100 New Products
    & Line Extensions
   $1 Billion Net Sales
   Stock Split: 3 for 2
   Over 270 Million Shares
   4,600 Team Members
   1,500+ Sales
    Representatives
2002

   Approximately 80 New Products
   $1.2 Billion Net Sales
   More than 50 Facilities
    (18 Manufacturing)
   4,900 Team Members
   1,850 Sales Representatives
   Share Repurchase Program Initiated
2003
   Approximately 85 New Products
   Reintroduction of Constrained Liners
   Microplasty Minimally-Invasive
    Instrumentation
   $1.4 Billion Net Sales
   Expansion of Share Repurchase
    Program
   50% Dividend Increase to $0.15
   5,000+ Team Members
   2,000+ Sales Representatives
2004
   $1.6 Billion Net Sales
   Expansion of Share
    Repurchase Program
   33% Dividend Increase to $0.20
   Q4 Introduction of Vanguard
    Complete Knee System
   ReCap Femoral Resurfacing
   5,300+ Team Members
   2,200+ Sales Representatives
2005
   $1.9 Billion Net Sales
   Rollout of Vanguard Knee
   Domestic Introduction of Oxford Partial Knee
   25% Dividend Increase to $0.25
   Expansion of Share Repurchase Program
   500+ New Products Introduced Over the Past 6 Years
   6,000+ Team Members
   2,400+ Sales Representatives
2006
   $2.0 Billion Net Sales
   Co-Founder, President/CEO
    Dane A. Miller, Ph.D. Announces Retirement
   Launch of C2a-Taper Acetabular System
   Introduction of Vanguard SSK
    (Super Stabilized Knee) Revision System
   20% Dividend Increase to $0.30
   600+ New Products Introduced Over the Past
    7 Years
   6,300 Team Members
   2,600 Sales Representatives
2007
   $2.1 Billion Net Sales
   Company Signs Definitive Merger
    Agreement With Private Equity Consortium
   Jeffrey R. Binder Named President/CEO
   Launch of E-Poly (Vitamin E Stabilized Highly
    Crosslinked Polyethylene)
   Introduction of NanoTite Dental Implant
   700+ New Products Introduced Over
    the Past 8 Years
   6,500 Team Members
   2,700+ Sales Representatives
2008
   $2.4 Billion Net Sales
   Completion of the Merger with LVB Acquisition Merger
    Sub, Inc.
   Launch of the Taperloc and the Balance Microplasty Stems
   25th Anniversary of Taperloc Hip Stem is Celebrated
   Launch of One Patient, our U.S. Advocacy Initiative
      Biomet products are used to help one surgeon treat one
        patient, 1 million times per year
      www.onepatient.us
   ~800 New Products Introduced Over the Past 9 Years
   7,200+ Team Members
   3,000+ Sales Representatives
2009
   $2.5 Billion Net Sales
   12% Adjusted EBITDA Growth
   12% Constant Currency Growth for Global Orthopedic
    Reconstructive Device Sales
   Strong Market Acceptance of New Technologies, Including:
      E1 Antioxidant Infused Bearing Technology
      Regenerex Porous Titanium Construct components
      Signature Personalized Patient Care pre-operative planning
        software program, including patient-specific alignment guides
   7,200+ Team Members
   3,000+ Sales Representatives
   ~900 New Products Introduced Over the Past 10 Years
2010
   $2.7 Billion Net Sales
   8% Adjusted EBITDA Growth
   10% CC Growth for Global Orthopedic Reconstructive Device Sales
   Acquired Assets of Cartilix – Cartilage Repair Technology
   Dane A. Miller, Ph.D., Co-Founder, Former CEO, and Current Board Member
    Named 2009 Phoenix Lifetime Achievement Award Winner
   Donated $3.1 Million in Medical Devices for the Haitian Relief Effort
   Q1 Introduction of Comprehensive Reverse Shoulder
   Introduced Cobalt MV (Medium Viscosity) Bone Cement for Total Joint Reconstruction
   ~ 7,500 Team Members
   3,000+ Sales Representatives
   900+ New Products Introduced Over the Past 11 Years
2011
   $2.7 Billion Net Sales
   Receive FDA Clearance for Active Articulation E1 Dual Mobility Hip System
   Acquisition of Substantially all of the Assets of Cytosol Laboratories, Inc.
   Biomet 3i collaborates with Renishaw PLC Providing the Latest Digital Dentistry
    Solutions to Laboratories, Dental Implant Professionals and Patients
   Biomet Sports Medicine’s JuggerKnot Soft Anchor Receives 2011 Medical Design
    Excellence Award
   ~ 7,500 Team Members
   3,000+ Sales Representatives
   900+ New Products Introduced Over the Past 12 Years
2012
   $2.8 Billion Net Sales
   Company Announces Offer to Acquire DePuy Trauma Business
   FDA Clearance for Two New Products:
      E1 Humeral Bearing for the Comprehensive Reverse Shoulder System
      The Comprehensive Segmental Revision System
   Company Celebrates 35 Years of Clinical Experience with the Oxford Partial Knee
    System
   8,000 Team Members
   3,000+ Sales Representatives
   Global Footprint With Operations in 50+ Location

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The life and_times_of_biomet_1977-2012____trine

  • 1.
  • 2. The Life and Times of Biomet Fiscal Years 1978 – 2012 I U Kokomo Kokomo, Indiana February 12, 2013
  • 3. 1977  Incorporated in November  8 Team Members  Early Financing  $725,000 Capital  $500,000 SBA Guaranteed Loan  $100,000 Revolving Line  $125,000 Equity
  • 4. 1977  Began Developing Major Technological Advances  Titanium Alloy Reconstructive Products  Direct Compression Molded Polyethylene  Titanium Plasma Spray Porous Coating
  • 5. 1978  Biomet Moved into Initial Facility  $17,000 Net Sales  $63,000 Net Loss
  • 6. Recipient of Biomet’s 1st Hip Implant: Dane Miller’s Maternal Grandmother, Grace Shumaker
  • 7. 1978 - 1st Color Print Advertisement “The Newest Manufacturer of Orthopedic Implants is Working Nearly Around the Clock… That’s Why the Lights Are Still On”
  • 8. 1979  The Total Cruciate Condylar Knee  Predecessor to the AGC Total Knee  Incorporated Biomet’s 1st Compression Molded Tibial Component
  • 9. 1979  Jerry & Kenneth Miller  Provided Biomet with Early Equity Financing  Served on Biomet’s Board of Directors for many years
  • 10. 1980  $1.1 Million Net Sales  Ground-Breaking for Current Site  Financed by Sale of Economic Development Revenue Bonds
  • 11. 1981  $1.25 Million Raised in Subordinated Debenture Offering  Facility Completion  23,000 Sq. Ft.  3 Independent Locations Vacated (53 Team Members)  Produced Biomet’s 1st Annual Report  Theme: “Not Just Another Year”
  • 12. 1982  $3.5 Million Net Sales  $1.25 Million Raised through Initial Public Offering
  • 13. 1983  AGC Total Knee  1st System to Offer Complete Component Interchangeability  Top Performer with Excellent Clinical Results  March Stock Split: 2 for 1  July Stock Split: 2 for 1  $11.9 Million Raised in Secondary Public Offering
  • 14. 1984  Introduction of Titanium Plasma Spray Porous Coating  Acquisition of Orthopedic Equipment Company  Expanded Biomet’s Worldwide Market Presence  $10.6 Million Net Sales
  • 15. 1984  Indiana Small Business Person of the Year  Meeting with President Reagan
  • 16. 1985  New Products  Bi-Metric Hip for cementless or cemented implantation  AGC Calibrated Distractor  Redi-Drape
  • 17. 1986  Stock Split: 2 for 1  $44.1 Million Net Sales  $24.7 Million Raised in Secondary Public Offering
  • 18. 1986  Groundbreaking for 3rd Building Addition of 66,000 Sq. Ft.  $500,000 SBA Loan Retired Early  Estimated $9 Million Combined Corporate & Personal Tax Revenues Collected as Result of Funding
  • 19. 1987  Biomet Gaining National Media Exposure as “Hot Growth Company”
  • 20. 1988  Acquisition of EBI  Leader in Electrical Stimulation & External Fixation Markets  New plant in Swindon, England Replaced Leased Facilities  $97.6 Million Net Sales  Stock Split: 3 for 2
  • 21. 1989  Introduction of Bi-Angular Total Shoulder System  Stock Split: 3 for 2  1,000 Team Members  Indiana Business Publication Names Miller “Entrepreneur of the Year” for High Technology Sector
  • 22. 1990  $162.4 Million Net Sales  EBI Introduces SpF-T Line of Spinal Fusion Stimulators
  • 23. 1991  President George Bush presented Small Business Administration National Entrepreneurial Success Award to Miller & Noblitt  Biomet Led Forbes’ Honor Role of Small Publicly Traded Companies
  • 24. 1991  January Stock Split: 2 for 1  3-Story 43,000 Sq. Ft. Facility Expansion  11,000 Sq. Ft. Building Constructed in Warsaw for Resorbable Material Technologies  December Stock Split: 2 for 1
  • 25. 1992  $274.8 Million Net Sales  Acquisition of Lorenz Surgical in Jacksonville  Market Leader in Craniomaxillofacial Fixation Products
  • 26. 1993  Swedish Knee Study Reported AGC Knee Had Lowest Revision Rate of Knees in Study  Introduction of Maxim Total Knee System  1,760 Team Members  Biomet 3rd on Hoosier “Top 50” List
  • 27. 1994  $373.3 Million Net Sales  $25 Million Share Repurchase Program  Acquisition of Kirschner  Reconstructive & Softgoods Products  Performance Knee  Casting Facility in New Jersey  Mfg. Plant in Spain
  • 28. 1995  27% Increase in International Sales  ArCom Argon Packaged, Compression Molded Polyethylene
  • 29. 1996  Mallory-Head Modular Calcar Revision Series Introduced  Provides Customized Fixation Alternatives  Launch of EBI DynaFix External Fixation System  $535.2 Million Net Sales
  • 30. 1996  60,000 Sq. Ft. Addition to Lorenz Surgical  Manufacturing  R&D
  • 31. 1997  Introduction of Indiana Tome Carpal Tunnel Release System  $580.3 Million Net Sales  2,500 Team Members  26 Facilities totaling 1,071,000 Sq. Ft.  EBI Launched SpineLink Fixation System
  • 32. 1998  Biomet Merck JV  European Launch of TRAC Mobile Bearing Knee  $651.4 Million Net Sales  2,750 Team Members  Ascent Total Knee System Launched  Omega 21 Spinal Fixation & SpineLink Anterior Cervical Systems Introduced
  • 33. 1999  Alliance with Selective Genetics to Develop Gene Therapy Products  $757.4 Million Net Sales  Introduction of Mimix Bone Substitute Material  Biomet Entered Worldwide Dental Reconstructive Implant Market with Acquisition of 3i
  • 34. 2000  M2a Metal-On-Metal Hip Articulation System  $920.6 Million Net Sales  Stock Split: 3 for 2  Biolectron Acquisition Added Non-Invasive Electrical Stimulation  4,000 Team Members
  • 35. 2001  Approximately 100 New Products & Line Extensions  $1 Billion Net Sales  Stock Split: 3 for 2  Over 270 Million Shares  4,600 Team Members  1,500+ Sales Representatives
  • 36. 2002  Approximately 80 New Products  $1.2 Billion Net Sales  More than 50 Facilities (18 Manufacturing)  4,900 Team Members  1,850 Sales Representatives  Share Repurchase Program Initiated
  • 37. 2003  Approximately 85 New Products  Reintroduction of Constrained Liners  Microplasty Minimally-Invasive Instrumentation  $1.4 Billion Net Sales  Expansion of Share Repurchase Program  50% Dividend Increase to $0.15  5,000+ Team Members  2,000+ Sales Representatives
  • 38. 2004  $1.6 Billion Net Sales  Expansion of Share Repurchase Program  33% Dividend Increase to $0.20  Q4 Introduction of Vanguard Complete Knee System  ReCap Femoral Resurfacing  5,300+ Team Members  2,200+ Sales Representatives
  • 39. 2005  $1.9 Billion Net Sales  Rollout of Vanguard Knee  Domestic Introduction of Oxford Partial Knee  25% Dividend Increase to $0.25  Expansion of Share Repurchase Program  500+ New Products Introduced Over the Past 6 Years  6,000+ Team Members  2,400+ Sales Representatives
  • 40. 2006  $2.0 Billion Net Sales  Co-Founder, President/CEO Dane A. Miller, Ph.D. Announces Retirement  Launch of C2a-Taper Acetabular System  Introduction of Vanguard SSK (Super Stabilized Knee) Revision System  20% Dividend Increase to $0.30  600+ New Products Introduced Over the Past 7 Years  6,300 Team Members  2,600 Sales Representatives
  • 41. 2007  $2.1 Billion Net Sales  Company Signs Definitive Merger Agreement With Private Equity Consortium  Jeffrey R. Binder Named President/CEO  Launch of E-Poly (Vitamin E Stabilized Highly Crosslinked Polyethylene)  Introduction of NanoTite Dental Implant  700+ New Products Introduced Over the Past 8 Years  6,500 Team Members  2,700+ Sales Representatives
  • 42. 2008  $2.4 Billion Net Sales  Completion of the Merger with LVB Acquisition Merger Sub, Inc.  Launch of the Taperloc and the Balance Microplasty Stems  25th Anniversary of Taperloc Hip Stem is Celebrated  Launch of One Patient, our U.S. Advocacy Initiative  Biomet products are used to help one surgeon treat one patient, 1 million times per year  www.onepatient.us  ~800 New Products Introduced Over the Past 9 Years  7,200+ Team Members  3,000+ Sales Representatives
  • 43. 2009  $2.5 Billion Net Sales  12% Adjusted EBITDA Growth  12% Constant Currency Growth for Global Orthopedic Reconstructive Device Sales  Strong Market Acceptance of New Technologies, Including:  E1 Antioxidant Infused Bearing Technology  Regenerex Porous Titanium Construct components  Signature Personalized Patient Care pre-operative planning software program, including patient-specific alignment guides  7,200+ Team Members  3,000+ Sales Representatives  ~900 New Products Introduced Over the Past 10 Years
  • 44. 2010  $2.7 Billion Net Sales  8% Adjusted EBITDA Growth  10% CC Growth for Global Orthopedic Reconstructive Device Sales  Acquired Assets of Cartilix – Cartilage Repair Technology  Dane A. Miller, Ph.D., Co-Founder, Former CEO, and Current Board Member Named 2009 Phoenix Lifetime Achievement Award Winner  Donated $3.1 Million in Medical Devices for the Haitian Relief Effort  Q1 Introduction of Comprehensive Reverse Shoulder  Introduced Cobalt MV (Medium Viscosity) Bone Cement for Total Joint Reconstruction  ~ 7,500 Team Members  3,000+ Sales Representatives  900+ New Products Introduced Over the Past 11 Years
  • 45. 2011  $2.7 Billion Net Sales  Receive FDA Clearance for Active Articulation E1 Dual Mobility Hip System  Acquisition of Substantially all of the Assets of Cytosol Laboratories, Inc.  Biomet 3i collaborates with Renishaw PLC Providing the Latest Digital Dentistry Solutions to Laboratories, Dental Implant Professionals and Patients  Biomet Sports Medicine’s JuggerKnot Soft Anchor Receives 2011 Medical Design Excellence Award  ~ 7,500 Team Members  3,000+ Sales Representatives  900+ New Products Introduced Over the Past 12 Years
  • 46. 2012  $2.8 Billion Net Sales  Company Announces Offer to Acquire DePuy Trauma Business  FDA Clearance for Two New Products:  E1 Humeral Bearing for the Comprehensive Reverse Shoulder System  The Comprehensive Segmental Revision System  Company Celebrates 35 Years of Clinical Experience with the Oxford Partial Knee System  8,000 Team Members  3,000+ Sales Representatives  Global Footprint With Operations in 50+ Location