2023 INVESTOR DAY
Veralto/World-class enterprise built and strengthened over time
ADJUSTED
ADJUSTED
SALES
OPERATING PROFIT*
OPERATING MARGIN*
$4.9b
$1.1b
PREMIER
FINANCIAL PROFILE
Financial data below based on 3-year averages from 2020-2022
✓ MSD core sales growth*
✓ 57% recurring sales
Mid-
20's
~9.5%
CAGR
~$0.8b
~11%
CAGR
✓ 57% gross profit margin
High-
teens
✓ 23% Adj. EBITDA margin*
~$140m
2022
2002
2022
2002
2002
2022
✓ >100% FCF conversion*
Veralto
80 ACQUISITIONS
UNDER DANAHER
~20%
ROIC IN 2022
Track Record of Strategic Growth, Margin Expansion and Compounding Returns
Notes: CAGR statistic reflects both core sales growth and impact of acquisitions;
2002 amounts reflect the results of the Veralto operating companies that were owned by Danaher as of that date. These companies were reported within the Process and Environmental Controls reporting segment within Danaher's financial reporting for 2002;
The Company defines Return on Invested Capital (ROIC) as the adjusted operating profit margin (non-GAAP) for acquired businesses divided by the sum of the acquisition purchase price for those businesses
*See appendix for reconciliations to non-GAAP measures; 2020-2022 averages can be calculated based on the non-GAAP measures provided in the appendix
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