Owens&Minor Investor Day Presentation Deck
73
Where We Were ... and Where We Are Today
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5 years ago...
Service issues causing customer losses
Significant revenue and Adjusted EBITDA
decline in legacy business
Challenges with cash flow and cash balance
Unsustainable debt levels
Downgraded to as low as CCC+ rating
Net leverage as high as ~7x
Proprietary to Owens & Minor, Inc.
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Today...
Delivering on 2023 commitments.
Retaining and winning new business
Returned to normal business trajectory
Improving Adjusted EBITDA
Higher margin Patient Direct business now
accounts for 80% of Adjusted EBITDA
Generated $600M of operating cash flow YTD
Reduced net debt by $500M YTD
Net leverage ratio below 4x
Reconciliations for Non-GAAP measures are presented in the Appendix
MOwens
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