Coppersmith Presentation to Alere Inc Stockholders

PAGE 16 | Deteriorating Profitability Poor execution has led to long-term negative trends across many profitability measures ▪ Since 2009, gross margins are down 410bps, operating margins are down 640bps and Adjusted EPS is down 14% 59.0% 58.0% 57.0% 56.0% 55.0% 54.0% 53.0% 52.0% 51.0% 2009 Gross Margin 2010 2011 $2.70 $2.60 $2.50 $2.40 $2.30 $2.20 $2.10 $2.00 2012 1 2009 24.0% 22.0% 2010 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% Adjusted EPS 2011 2009 2012 Operating Margin 2010 COPPERSMITH 2011 2012 Alere's sudden appointment of a COO belies the long-term disturbing trajectory of its operations

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