Coppersmith Presentation to Alere Inc Stockholders slide image

Coppersmith Presentation to Alere Inc Stockholders

PAGE 26 | HM Operating Performance ▪ The operating results of Alere's Health Management business are a disaster by almost any measure (dollars in millions) Health Management Organic Growth Health Management EBITDA Margin Net Change to Goodwill 50% 40% 30% 20% 10% 0% -10% -20% 2007 2008 NM 17.1% 463 ▪ The alleged "stabilization" of Health Management in 2012 cited by management, i.e. zero growth, belies its continued margin decline 2008 48.9% 24.8% 817 2009 -HM EBITDA Margin 2009 2010 -2.1% 21.5% 142 2011 2010 ➡HIS Organic Growth -8.6% 18.3% (969) COPPERSMITH 2012 2011 -10.7% 12.5% (353) 2012 0.2% 7.6% 25
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