#1②Envista First Quarter 2022 Earnings Presentation May 4, 2022#2Forward Looking Statements Certain statements in this presentation are "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things, the impact of the COVID-19 pandemic, including new variants of the virus, the pace of recovery in the markets in which we operate, global supply chain disruptions and potential staffing shortages, the conditions in the U.S. and global economy, the markets served by us and the financial markets, the impact of our debt obligations on our operations and liquidity, developments and uncertainties in trade policies and regulations, contractions or growth rates and cyclicality of markets we serve, the effect of the intraoral scanner acquisition on our business relationships, operating results, share price or business generally, the failure to realize the expected benefits from the intraoral scanner acquisition or the recent divestiture of our treatment unit and instrument business, fluctuations in inventory of our distributors and customers, loss of a key distributor, our relationships with and the performance of our channel partners, competition, our ability to develop and successfully market new products and services, the potential for improper conduct by our employees, agents or business partners, our compliance with applicable laws and regulations (including regulations relating to medical devices and the health care industry), the results of our clinical trials and perceptions thereof, penalties associated with any off-label marketing of our products, modifications to our products that require new marketing clearances or authorizations, our ability to effectively address cost reductions and other changes in the health care industry, our ability to successfully identify and consummate appropriate acquisitions and strategic investments, our ability to integrate the businesses we acquire and achieve the anticipated benefits of such acquisitions, contingent liabilities relating to acquisitions, investments and divestitures, security breaches or other disruptions of our information technology systems or violations of data privacy laws, our ability to adequately protect our intellectual property, the impact of our restructuring activities on our ability to grow, risks relating to currency exchange rates, changes in tax laws applicable to multinational companies, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, risks relating to product, service or software defects, risks relating to product manufacturing, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole or limited sources of supply, the impact of regulation on demand for our products and services, labor matters, international economic, political, legal, compliance and business factors, and disruptions relating to war, terrorism, climate change, widespread protests and civil unrest, man-made and natural disasters, public health issues and other events. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Annual Report on Form 10-K for fiscal year 2021 and our Quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date of this presentation and except to the extent required by applicable law, we do not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise. 2 Envista#3Overview - Execution despite macro challenges • • • Delivered Core Sales Growth* of 5.4% and Adjusted EBITDA margin* of 19.7% Disciplined execution delivered MSD core sales growth, led by our Ortho and Implant businesses while adjusted EBITDA margin was the highest in the last 4 quarters The Envista Business System (EBS), and its focus on continuous improvement, advances our long-term strategic priorities while driving results in the face of macro- environment headwinds We continue to transform our portfolio, the recent addition of an IOS business supports our long-term transformation and is an important step in our journey to digitize, personalize and democratize dental care 3 Results relate only to continuing operations except for cash flow measures. *Core sales growth and adjusted EBITDA margin are non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. Envista#4Progress on Strategic Priorities Transforming Envista into a higher growth, higher margin company Priority Accelerate growth through strategic organic investments Expand operating margins through disciplined execution and reductions in structural costs Building a better, stronger, growth- oriented portfolio . Results . . • Continued strength in orthodontics; Spark core sales growth* >100% vs. Q1 2021 Implants delivered HSD core sales growth*, despite lockdown in Shanghai in last week of quarter Innovation delivering >350 bps in core sales growth* driven by Spark, N1, and Damon Ultima Achieved 19.7% Adjusted EBITDA margin*; up 120 bps sequentially vs. Q4 2021 • EBS continues to drive reduction in structural costs Continue to invest in long-term strategic priorities Closed the acquisition of Carestream intraoral scanner business (post-Q1) Rebranded Imaging portfolio to Dexis Strong balance sheet; significant flexibility for capital deployment 4 *Core sales growth and adjusted EBITDA margins are non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. Envista#5Q1 2022: Financial Metrics Strong execution driving solid core sales growth* and profitability • Core Sales Growth* 5.4% GAAP EPS $0.39 Adj. Diluted EPS* $0.47 · Adjusted EBITDA* Adj. EBITDA Margin* $124.6M 19.7% Free Cash Flow*,** -$16.3M Core Sales Growth* - - Solid growth across most of the portfolio, despite China lockdowns Specialty grew by >11% vs. Q1 2021 Profitability - Solid growth and EBS-driven cost savings offset by significant increases in customer facing activities, & investments in long-term growth *Core sales growth, adjusted diluted EPS, adjusted EBITDA, adjusted EBITDA margin and free cash flow are non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. **Cash flow items presented include both continuing and discontinued operations. 5 Envista#6Specialty Products & Technologies Investing to accelerate long-term growth Revenue Core Sales* +11.2% Adjusted Operating Profit Margin* $397.1 $366.5 ($m) Sales 26.4% 22.2% Adjusted Operating Margin . • N Nobel Biocare Ormco SPARK CLEAR ALIGNER SYSTEM Orthodontics - Solid MSD growth in core Brackets & Wires - Strong growth in North America and Emerging Markets - Spark continues to accelerate Implant-based Tooth Replacements - - Strong growth in EU and North America; offset by temporary lockdown in Shanghai, China - Accelerating growth in regeneratives and prosthetics Profitability - YOY margin decline driven by long-term investments in key growth initiatives and increase in customer facing activities - Adjusted operating margin expanded 10 bps sequentially, vs. Q4 2021 Q1 2021 Q1 2022 * Core sales growth and adjusted operating profit margin are non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. 6 Envista#7Equipment & Consumables Kerr Metrex DEXIS INFECTION PREVENTION Solid performance in Imaging & Restorative; offset by Infection Prevention Revenue Core Sales* -3.3% Adjusted Operating Profit Margin* ($m) $246.1 $234.3 21.4% 20.7% Sales Adjusted Operating Margin Q1 2021 Q1 2022 • Core Sales Growth* - Strong growth in Resto/Endo driven by robust sell-out - Solid MSD growth in Imaging - Infection Prevention declined vs. pandemic peak; Expect continued weakness in Q2, followed by rebound in 2H Profitability - Strong expansion of operating margins in Imaging & Resto/Endo - Overall margins negatively impacted by Infection Prevention (vs. pandemic peak in prior year) * Core sales growth and adjusted operating profit margin are non-GAAP financial measures. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. 7 Envista#8Cash Flow & Balance Sheet Strong Balance Sheet - Flexibility to continue transforming portfolio Free Cash Flow** Summary ($M) • Balance Sheet - Ended Q1 with cash balance of >$1 billion Q1'22 Q1'21 Operating cash flow* $3.5 $16.6 · Capital expenditures, net* $19.8 $8.3 Free cash flow**** $(16.3) $8.3 - Significant flexibility for capital deployment remains even after Carestream Dental IOS acquisition Free Cash Flow - Includes cash flow from discontinued operations Capital expenditures remain focused on growth *Cash flow items presented are consolidated and include both continuing and discontinued operations. **Free cash flow is a non-GAAP financial measure. For a reconciliation to the most directly comparable GAAP measures, please see Appendix. 8 Envista#99 2022 Full Year Guidance Confirming full year guidance; adding outlook for DEXIS IOS Key Metric Revenue -Core Growth -IOS Acquisition Adj. EBITDA Margin Guidance Range Q2 Full Year MSD 6% - 8% $5 $10 Million High Teens $35 - $45 Million >20% Note: These forward-looking estimates do not reflect future gains and charges that are inherently difficult to predict and estimate due to their unknown timing, effect and/or significance, such as certain future gains or losses on the sale of investments, acquisition or divestiture-related gains or charges, discrete tax items and legal contingency provisions Envista#1010 Summary & Key Takeaways Dental is an attractive market with strong secular growth trends → Envista is strategically differentiated with a proven track record of execution Significant opportunity to accelerate growth, improve margins, & create value for patients, customers, employees, and shareholders Envista#1111 Q&A Envista#1212 Appendix Envista#1313 Reconciliation of Adjusted Gross Profit ($ in Millions) Gross Profit Restructuring costs and asset impairments A Adjusted Gross Profit Gross Margin (Gross Profit / Sales) Adjusted Gross Margin (Adjusted Gross Profit / Sales) Three Months Ended $ April 1, 2022 374.1 April 2, 2021 $ 358.4 (0.3) 373.8 2.9 361.3 59.2 % 58.5 % 59.2 % 59.0 % See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#1414 Reconciliation of Adjusted Operating Profit ($ in Millions) Consolidated Three Month Period Ended April 1, 2022 April 2, 2021 Operating Profit $ 91.5 $ 95.1 Amortization of acquisition-related and other intangible assets 23.5 20.6 Restructuring costs and asset impairments A $ 3.7 7.8 Contingent loss reserves B 1.0 International tax credit c Transaction costs D (6.5) 3.3 $ 116.5 $ 123.5 18.5 % 20.2 % Adjusted Operating Profit Adjusted Operating Profit as a % of Sales Specialty Products & Technologies Operating Profit $ 70.3 $ 78.4 Amortization of acquisition-related and other intangible assets 14.7 14.9 Restructuring costs and asset impairments A 4.0 3.4 International tax credit c (1.7) - Contingent loss reserve B 1.0 $ 88.3 $ 22.2 % 96.7 26.4 % Adjusted Operating Profit Adjusted Operating Profit as a % of Sales Equipment & Consumables Operating Profit $ 45.5 S 45.0 Amortization of acquisition-related and other intangible assets 8.8 5.7 Restructuring costs and asset impairments A (0.9) 1.9 International tax credit c (4.8) Adjusted Operating Profit $ 48.6 $ 52.6 Adjusted Operating Profit as a % of Sales 20.7 % 21.4 % See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#15Reconciliation of Adjusted Net Income ($ in Millions) Three Months Ended April 1, 2022 April 2, 2021 Net Income From Continuing Operations Amortization of acquisition-related and other intangible assets Restructuring costs and asset impairments A Contingent loss reserves International tax credit C Transaction costs D B 70.4 61.8 23.5 20.6 3.7 7.8 1.0 (6.5) 3.3 Non-cash interest expense-convertible senior notes E 4.6 Tax effect of adjustments reflected above F (5.7) (7.7) Discrete tax adjustments and other tax-related adjustments G Adjusted Net Income (4.8) (1.7) $ 84.9 $ 85.4 15 See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#16Reconciliation of Adjusted Diluted Earnings Per Share Diluted Earnings From Continuing Operations Per Share Amortization of acquisition-related and other intangible assets Restructuring costs and asset impairments Contingent loss reserves International tax credit c Transaction costs D B A Non-cash interest expense-convertible senior notes E Tax effect of adjustments reflected above F Discrete tax adjustments and other tax-related adjustments Adjusted Diluted Earnings Per Share G Three Months Ended April 1, 2022 April 2, 2021 0.39 $ 0.35 0.13 0.12 0.02 0.04 0.01 (0.04) 0.02 0.03 (0.03) (0.04) (0.03) (0.01) $ 0.47 S 0.49 16 See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#17Reconciliation of Adjusted EBITDA ($ in Millions) Net Income From Continuing Operations Interest expense, net Income taxes Depreciation Amortization of acquisition-related and other intangible assets Restructuring costs and asset impairments A Contingent loss reserves International tax credit c Transaction costs Adjusted EBITDA D B Three Months Ended April 1, 2022 April 2, 2021 70.4 $ 61.8 5.9 18.0 15.5 15.6 7.8 8.5 23.5 20.6 3.7 7.8 1.0 (6.5) 3.3 S 124.6 $ 132.3 17 See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#18Reconciliation of Core Sales Growth1 % Change Three Month Period Ended April 1, 2022 vs. Comparable 2021 Period Consolidated Total sales growth Plus the impact of: Currency exchange rates Core sales growth Specialty Products & Technologies Total sales growth Plus the impact of: Currency exchange rates Core sales growth Equipment & Consumables Total sales growth Plus the impact of: Currency exchange rates Core sales growth 3.1 % 2.3 % 5.4 % 8.3 % 2.9 % 11.2 % (4.8)% 1.5 % (3.3)% 1 We use the term "core sales" to refer to GAAP revenue excluding (1) sales from acquired businesses recorded prior to the first anniversary of the acquisition ("acquisitions"), (2) sales from discontinued products and (3) the impact of currency translation. Sales from discontinued products includes major brands or products that Envista has made the decision to discontinue as part of a portfolio restructuring. Discontinued brands or products consist of those which Envista (1) is no longer manufacturing, (2) is no longer investing in the research or development of, and (3) expects to discontinue all significant sales within one year from the decision date to discontinue. The portion of sales attributable to discontinued brands or products is calculated as the net decline of the applicable discontinued brand or product from period-to-period. The portion of GAAP revenue attributable to currency exchange rates is calculated as the difference between (a) the period-to-period change in sales and (b) the period-to-period change in sales after applying current period foreign exchange rates to the prior year period. We use the term "core sales growth" to refer to the measure of comparing current period core sales with the corresponding period of the prior year... 18 Envista#19Reconciliation of Operating Cash Flows to Free Cash Flow ($ in Millions) Three Months Ended April 1, 2022 April 2, 2021 Net Operating Cash Provided by (Used in) Investing Activities Net Operating Cash Provided by (Used in) Financing Activities 5.1 S (5.5) 5.3 S (469.6) Net Operating Cash Provided by Operating Activities Less: payments for additions to property, plant and equipment (capital expenditures) Free Cash Flow 3.5 $ 16.6 S (19.8) (16.3) $ (8.3) 8.3 19 See the accompanying Notes to Reconciliation of GAAP to Non-GAAP Financial Measures Envista#20ENVISTA HOLDINGS CORPORATION NOTES TO RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (UNAUDITED) A We exclude costs incurred pursuant to discrete restructuring plans that are fundamentally different (in terms of the size, strategic nature and planning requirements, as well as the inconsistent frequency, of such plans) from the ongoing productivity improvements that result from application of the Envista Business System. These restructuring plans are incremental to the operating activities that arise in the ordinary course of our business and we believe are not indicative of Envista's ongoing operating costs in a given period. B Represents accruals for certain legal matters. C The international tax credit relates to a ruling from the Brazilian Supreme Court. D These transaction costs are primarily related to the pending acquisition of Carestream Dental's intraoral scanner business. E Non-cash interest expense represents accretion of the debt discount associated with the convertible senior notes due 2025. We adopted Accounting Standards Update 2020-06 on January 1, 2022 and as a result there is no longer a debt discount that requires amortization. F This line item reflects the aggregate tax effect of all pretax adjustments reflected in the preceding line items of the table using each adjustment's applicable tax rate, including the effect of interim tax accounting requirements of Accounting Standards Codification Topic 740 Income Taxes. G The discrete tax matters relate primarily to excess tax benefits from stock-based compensation, changes in estimates associated with prior period uncertain tax positions and audit settlements, tax benefits resulting from a change in law, and changes in determination of realization of certain deferred tax assets. 20 20 Envista#21Statement Regarding Non-GAAP Measures Each of the non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies. Management believes that these measures provide useful information to investors by offering additional ways of viewing Envista Holdings Corporation's ("Envista" or the "Company") results that, when reconciled to the corresponding GAAP measure, help our investors to: with respect to Adjusted Gross Profit, Adjusted Operating Profit, Adjusted Net Income, Adjusted Diluted Earnings Per Share and Adjusted EBITDA, understand the long-term profitability trends of Envista's business and compare Envista's profitability to prior and future periods and to Envista's peers; with respect to Core Sales, identify underlying growth trends in Envista's business and compare Envista's revenue performance with prior and future periods and to Envista's peers; with respect to Adjusted EBITDA, help investors understand operational factors associated with a company's financial performance because it excludes the following from consideration: interest, taxes, depreciation, amortization, and infrequent or unusual losses or gains such as goodwill impairment charges or nonrecurring and restructuring charges. Management uses Adjusted EBITDA, as a supplemental measure for assessing operating performance in conjunction with related GAAP amounts. In addition, Adjusted EBITDA is used in connection with operating decisions, strategic planning, annual budgeting, evaluating Company performance and comparing operating results with historical periods and with industry peer companies; and with respect to Free Cash Flow (the "FCF Measure"), understand Envista's ability to generate cash without external financings, strengthen its balance sheet, invest in its business and grow its business through acquisitions and other strategic opportunities (although a limitation of free cash flow is that it does not take into account the Company's debt service requirements and other non- discretionary expenditures, and as a result the entire Free Cash Flow amount is not necessarily available for discretionary expenditures). 21 21 Envista#22Statement Regarding Non-GAAP Measures (Continued) Management uses these non-GAAP measures to measure the Company's operating and financial performance. The items excluded from the non-GAAP measures set forth above have been excluded for the following reasons: • With respect to Adjusted Gross Profit, Adjusted Operating Profit, Adjusted Net Income, Adjusted Diluted Earnings Per Share and Adjusted EBITDA: • • • • We exclude the amortization of acquisition-related and other intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition's purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly-acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies. We believe, however, that it is important for investors to understand that such intangible assets contribute to revenue generation and that intangible asset amortization related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. With respect to the other items excluded from Adjusted Gross Profit, Adjusted Net Income, Adjusted Operating Profit, Adjusted Diluted Earnings Per Share and Adjusted EBITDA, we exclude these items because they are of a nature and/or size that occur with inconsistent frequency, occur for reasons that may be unrelated to Envista's commercial performance during the period and/or we believe that such items may obscure underlying business trends and make comparisons of long-term performance difficult. With respect to core sales, we exclude (1) the effect of acquisitions and divested product lines because the timing, size, number and nature of such transactions can vary significantly from period-to-period and between us and our peers, which we believe may obscure underlying business trends and make comparisons of long-term performance difficult, (2) sales from discontinued products because discontinued products do not have a continuing contribution to operations and management believes that excluding such items provides investors with a means of evaluating our on-going operations and facilitates comparisons to our peers, and (3) the impact of currency translation because it is not under management's control, is subject to volatility and can obscure underlying business trends. With respect to the FCF Measure, we adjust for payments for additions to property, plant and equipment (net of the proceeds from capital disposals) to demonstrate the amount of operating cash flow for the period that remains after accounting for the Company's capital expenditure requirements. 22 22 Envista#23Thank You Envista