2022 Full Year Guidance and Strategic Outlook
Progress 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.
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