Orthofix Investor Presentation Deck
Forward Looking Statements
This presentation contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of
the Securities Act of 1933, as amended, relating to our business and financial outlook, which are based on our current beliefs, assumptions, expectations,
estimates, forecasts and projections. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "projects," "intends," "predicts," "potential," or "continue" or other comparable terminology. Such forward looking statements
include, but are not limited, to, statements relating to: expectations regarding future financial performance in the short- and long-term, including, without
limitation, revenue (and the source thereof), expenses (including anticipated spend and savings/synergies), adjusted gross margin, adjusted EBITDA loss, free
cash flow burn, compound annual growth rate, liquidity runway, and the Company's ability to generate favorable sales mix of higher gross margin products;
expectations regarding investment in inventory and spinal implant sets and regarding product launches and line extensions; availability under the Company's
credit facility; the benefits of initiatives, including investments in a direct sales strategy and in product development and enhancements to existing products;
planned discontinuation of products; the Company's growth and taking of market share; the Company's ability to lower its manufacturing costs; and the
Company's ability to reduce organization complexity and the benefits thereof. These forward looking statements are not guarantees of our future performance
and involve risks, uncertainties, estimates and assumptions that are difficult to predict, including the risks described under the heading "Risk Factors" in our
Form 10-K for the fiscal year ended December 31, 2022 and subsequent Form 10-Qs filed with the Securities and Exchange Commission (the "SEC"). Factors that
could cause or contribute to such differences may include, but are not limited to: risks related to the integration of the legacy Orthofix and SeaSpine businesses
and the ability of the combined company to realize the expected long term financial and other benefits of their merger; surgeons' and hospitals' willingness to
adopt our newly launched products; the ability of newly launched products to meet the needs of surgeons and patients, including as a result of the lack of clinical
validation of products in limited commercial (or "alpha") launch; continued pricing pressure, whether as a result of consolidation in hospital systems, competitors
or others, as well as exclusion from major healthcare systems; the risk of supply shortages and associated disruption to product sales, including as a result of our
dependence on a limited number of third-party suppliers for components and raw materials, as a result of the pandemic, or otherwise, and our ability to
adequately manage inventory; global economic instability and potential supply chain disruption, including as a result of Russia's invasion of Ukraine and
resulting sanctions; our ability to recruit and retain management and key personnel; our ability to continue to invest in medical education and training, product
development, and/or sales and marketing initiatives at levels sufficient to drive future revenue growth; general economic and business conditions in the markets
in which we do business, both in the U.S. and abroad; and the other risks and uncertainties more fully described in our periodic filings with the SEC. This list of
risks, uncertainties, and other factors is not complete. We discuss some of these matters more fully, as well as certain risk factors that could affect our business,
financial condition, results of operations, and prospects, in reports we file from time to time with the SEC, which are available to read at www.sec.gov. Any or all
forward looking statements that we make may turn out to be inaccurate (due to inaccurate assumptions that we make or otherwise), and our actual outcomes
and results may differ materially from those expressed in these forward looking statements. You should not place undue reliance on any of these forward looking
statements. Further, any forward looking statement speaks only as of the date hereof, unless it is specifically otherwise stated to be made as of a different date.
We undertake no obligati on to update, and expressly disclaim any duty to update, our forward looking statements, whether as a result of circumstances or
events that arise after the date hereof, new information, or otherwise.
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