2020 Operating Expenses

Change in the commercial cycle in 2019 ⚫ Shift by 3 to 15 months of the equipment delivery to the customer ⚫ The order taking and installation activities remained unchanged ⚫ The cash stream remained unchanged: deposit at order and final payment at acceptance ⚫ Decreased working capital thanks to reduced time from equipment production to installation One-time transition impact on equipment revenue, as equipment billing (at delivery) are delayed until customer site readiness Up to December 2018 Sales Agreement Since January 2019 Sales Agreement Cash cycle unchanged EOS Downpayment Equipment Delivery Site Preparation by the Customer [3 to 15 months] Installation & Acceptance Site Preparation by the Customer [3 to 15 months] Equipement Delivery CONNECTING IMAGING TO CARE Installation & Acceptance Final Payment imaging April 2021 14

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