Owens&Minor Investor Conference Presentation Deck
Safe Harbor
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This presentation is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in
compliance with the SEC's Fair Disclosure Regulation. This presentation contains certain "forward-looking" statements made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the statements in this presentation
regarding our expectations with respect to our 2022 financial performance, the Apria transaction, including related synergies and the expected performance
of the Apria business, as well as statements related to the impact of COVID-19 on the Company's results and operations and the Company's expectations
regarding the performance of its business. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual
results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Investors should refer to Owens &
Minor's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC including the sections captioned "Cautionary Note
Regarding Forward-Looking Statements" and "Item 1A. Risk Factors," and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed
with or furnished to the SEC, for a discussion of certain known risk factors that could cause the Company's actual results to differ materially from its current
estimates. These filings are available at www.owens-minor.com. Given these risks and uncertainties, Owens & Minor can give no assurance that any
forward-looking statements will, in fact, transpire and, therefore, cautions investors not to place undue reliance on them. Owens & Minor specifically
disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
This presentation includes certain combined financial information which reflects the sum of the relevant financial information for the Company and Apria
without any other adjustments and refer to such presentation as on a "combined" basis for the applicable period. This combination does not comply with
U.S. GAAP or with the rules for pro forma presentation. As a result, the combined financial information included in this presentation may differ from pro
forma financial information prepared in accordance with U.S. GAAP and the rules and regulations of the SEC, and any such differences could be material.
Numerical figures included in this presentation have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in various tables
may not be arithmetic aggregations of the figures that precede them. As such, the corresponding percentage aggregations may not sum to 100%.
We present certain potential cost savings as an adjustment to Combined Adjusted EBITDA because we expect them to be a permitted addback pursuant to
agreements that govern our indebtedness. These potential cost savings are based on assumptions and estimates that could be proved to be incorrect, and
accordingly should not be viewed as a projection of future performance.
Certain financial measures included herein are not made in accordance with U.S. GAAP and use of such terms varies from others in the same industry.
Management uses these non-GAAP financial measures internally to evaluate our performance, evaluate the balance sheet, engage in financial and
operational planning and determine incentive compensation. Non-GAAP financial measures should not be considered as alternatives to measures derived
in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools and you should not consider them in isolation or
as substitutes for results as reported under U.S. GAAP. The appendix to this presentation includes a reconciliation of these non-GAAP financial measures
to the most directly comparable financial measures calculated in accordance with U.S. GAAP.
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