Enhancing Lives by Advancing the Art of Plastic Surgery - R&D DAY PRESENTATION Jamie, Actual Sientra Patient
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Enhancing Lives by Advancing the Art of Plastic Surgery R&D DAY PRESENTATION Jamie, Actual Sientra Patient
SETTING THE STANDARD FOR PLASTIC SURGERY Exclusivity to Board-Certified Plastic 01 05 Unrivaled Safety + Clinical Data Surgeons 02 Brought Shaped Implants to Market 06 Industry-Leading 20-year Platinum20™ Warranty 03 Continued Innovation (5th Gen) on Broad Portfolio of Silicone Gel Implants 07 Plastic Surgery Consultants Focused on Practice Growth 04 Advanced AlloX2® the Only Tissue Expander 08 Charitable Giving Programs with Aspiration Port 2
SIENTRA: EVOLVING INTO A FULL AESTHETICS COMPANY Eyes, Ears, Nose $1.0 Face, Neck, 8% Brow Breast $1.4 $4.0 11% 30% Toxin/Filler $3.0 Breast Breast Non-Breast 22% Augmentation Reconstruction Body $3.9 29% Retail Market Size in Billions of Dollars * Ronan Solutions, Aesthetic Industry Insights, Dec. 12, 2021. Data on File. 1 Gluteal augmentation (including fat grafting), thigh/other body fat grafting, Tummy Tuck, liposuction, lipectomy, gastric balloon, excision of excess skin. 3
SIGNIFICANT ADDRESSABLE MARKET Near-Term Addressable Market Opportunity1 (Millions) § Significant opportunity for U.S. Aesthetic Breast Implants $280 growth via deeper penetration across existing U.S. Reconstructive Breast Implants $115 markets and entry into new Ex U.S. markets: U.S. Tissue Expanders $180 § Japanese approval in Scar Management $30 August 2020 § Health Canada approval Japan Breast Implants $15 in Q1 2022 Canada Breast Implants $20 Fat Grafting (Breast) $160 Near-Term Addressable Market $800 1 Market size based on company estimates and American Society of Plastic Surgeons annual statics report (2019)
• A leader in Reconstruction • Grow into a full Aesthetics Company • Double our revenue in the next 3 years 5
TOP TRENDS IN PLASTIC SURGERY: BREAST AESTHETICS REMAINS #1 REVENUE GENERATOR 5-Year Category Revenues (US)* Total 5-Year Revenues* $4.0 Breast $14 B $3.9 $3.4 $3.4 Body $11B $3.3 Breast $3.0 Toxin/Filler $11 B $2.9 $2.8 Toxin/ Filler $2.7 Face, Neck, Brow $4 B $2.5 Eyes, Ears, Nose $3 B $2.1 $2.1 Body $1.4 $1.0 $1.0 $0.9 $0.9 Face/Neck/Brow $0.6 $0.6 $0.6 Eyes/Ears/Nose 2018 2019 2020 2021 * Ronan Solutions, Aesthetic Industry Insights, Dec. 12, 2021. Data on File. 7
SINCE COVID IN EARLY 2020, HOSPITAL PURCHASES OF IMPLANTS/EXPANDERS HAVE SOFTENED Purchase Volume (units) Gel Implants & Breast Expanders 800000 700000 -12% -3% +11% 600000 185946 • COVID may have 167277 -5% continued to impact 174049 164592 hospital access at 500000 152153 local/regional levels 400000 • Implant purchases declined -4.4% YoY 300000 • Expander purchases 488087 515939 declined at higher 459111 450972 rate of -7.5% 430984 200000 100000 0 2017 2018 2019 2020 2021 Implants Expanders Reference: IQVIA, SMART-Medical Device Supply Edition, Gel Implants & Breast Expander purchases, Q1 2017-Q4 2021 8
SIENTRA RECONSTRUCTION SHOW STRONG MOMENTUM GAINS +3.8 SHARE PTS Sientra Reconstruction Market Share Based on IQVIA- Hospital Purchase Volume* 15.0% 2021 Market Updates 15% 14% 13.5% • 2021 gel implants & expanders market estimated at >$220M* 13% 12.9% • Implants: $95M 12% 10.9% • Expanders: $125M 11% 10% 9.7% • Sientra has incrementally gained 9.1% +3.8 share points share since 2019 closing 2021 at 9% 9.2% 1.4X YoY 13.5% 8% 7.2% • 1.4x vs 2020 7% • 1.9x vs 2019 6% 6.6% 2019 2020 2021 Implants Expanders All Reconstruction (blended) Reference: IQVIA, SMART-Medical Device Supply Edition, Gel Implants & Breast Expander purchases, Q1 2017-Q4 2021
AESTHETIC BREAST IMPLANT PROCEDURAL VOLUME 2021 AT A 4-YEAR HIGH Aesthetic Breast Implant Procedural Volume by Procedure Type Augmentation Revision Aug Mastopexy w/Implants Other 650,000 564,783 +20% 4,698 550,000 +9% 471,387 - 5% Mastopexy 81,745 458,191 433,845 3,862 w/Implants: 14% 450,000 5,409 Mastopexy 64,958 94,836 Mastopexy Mastopexy w/Implants: 14% w/Implants: 21% 55,979 w/Implants: 13% 153,990 Revision Aug: 27% 350,000 134,050 108,158 Revision Aug: 28% Revision Aug: 24% 140,710 Revision Aug: 32% 250,000 150,000 324,350 Primary Primary 255,216 Primary 268,517 Primary Augmentation: 57% Augmentation: 56% 231,747 Augmentation: 57% Augmentation: 53% 50,000 -50,000 2018 2019 2020 2021 Ronan Data: February 7, 2022. History & Trends > Breast Procedures > Incl. Augmentation, Mastopexy with implants, and Revision (Removal/Replacement)
SIENTRA AUGMENTATION CONTINUES STRONG GAINS IN 2021 WITH 2.2x SHARE GROWTH SINCE 2019 Cosmetic Breast Implants Category | Sientra Share by Year Based on Procedural Units Shipped1 10.0% 9.5% ain +17 pts 9.0% g 8.0% h are s 7.0% 2x 6.5% 6.0% Growth in Sientra brand 5.0% 4.7% awareness amongst breast 4.0% augmentation considerers2 3.0% • In one year, Sientra brand 2.0% awareness doubled from 16% to 1.0% 33%, becoming the #2 most recognized brand2 0.0% FY 2019 FY 2020 FY 2021 1 Sientra Share - Procedural Units Shipped (includes evaluation units, warranty but excludes sizers and Japan) compared to Ronan Solutions: Primary + Secondary Augmentation Data. 2 Sientra brand awareness and tracking study, February 2022. 11
TIMEFRAME TO TREATMENT CUT IN HALF 2020 2020 40 months 4 months Begins Average time between Seeks Consult Average time between Has BA Surgery Considering BA when a woman first with Surgeons consultation and surgery starts thinking about BA and going in for consult 2022 2022 19 months 8 months Begins Seeks Consult Has BA Surgery Considering BA with Surgeons Reference: January 2022: Sientra Market Research, data on file * Data on file 12
SIENTRA GROWTH DRIVERS 2022-23 U.S. Centric / Untapped Market Consumer Activation New/existing account growth: Digital media connects • Surgeon Education / Training thousands of patients with Market Penetration • Value-add programs/services surgeons • Sales structure and support Consumer Voice Line Extensions Int’l Expansion Influencers drive message of choice and empowerment Japan, Canada, China Dermaspan w/ 6 tabs Low Profile Plus Sientra Academy Cutting edge practice Market Builders management training Consumerization New Products AlloX2 Pro Portfinder Reconstruction Educate, Support, Connect Broadened Aesthetic Offering Fat Grafting 13
UNRIVALED SAFETY AND CLINICAL DATA * 4 *The clinical studies from these manufacturers are not designed to be compared head-to-head. Each individual company’s own individual and published rates were presented 1Stevens WG, Calobrace MB, Alizadeh A, Zeidler KR, Harrington JL, d’Incelli RC. Ten-year core study data for Sientra’s Food and Drug Administration - approved round and shaped breast implants with cohesive silicone gel. Plast Reconstr Surg. 2018;141(4S):7S-19S. 2Mentor Worldwide LLC. Patient Decision Checklist: MemoryShape & MemoryGel: https://www.breastimplantsbymentor.com/MENTOR- implant-safety-information. Accessed December 2021 3Allergan Sales, LLC. Patient Decision Checklist: https://www.natrellesurgeon.com/Content/PDF/Augmentati on_Consent_Form.pdf. Accessed December 2021 4Sientra, Inc. Patient Decision Checklist: https://sientra.com/app/uploads/2021/10/MDC-0748-R2- Patient-Decision-Checklist-AUG-v1.pdf. Accessed April 2022 14
WHAT MATTERS MOST TO RECON SURGEONS Current Importance in Selecting Total Top-2 Box n=49 Implant Brands (Table Stakes) Manufacturer is consistent in having an available supply of everything I need 88% The manufacturer is easy to do business with 86% Has the lowest complication rates among all U.S. implant brands 86% Offers implants in width, projection & volume increments that meet all 84% patient's needs Is easy to use in surgery 73% Has high strength cohesive gel that provides improved shape retention 69% Provides good training and educational information to me / my practice 61% The manufacturer is highly regarded on podium talks, papers, etc. 57% The manufacturer brings innovative products to the market 57% Is a brand I've never experienced a serious issue with 57% Reference: January 2022: Sientra Market Research, data on file 15
THE POWER OF THE SIENTRA RECON PORTFOLIO Sientra has a portfolio of breast products that can help minimize potential disruptions and give control back to the surgeon Common Complications The Benefit of Sientra Expanders & Implants • Animation deformity • Postoperative pain and • AlloX2: Revolutionary dual-port design and Sub-pec discomfort integral drain allow for less invasive - non- • Loss of pectoral function surgical - draining of serous fluid. • Potential higher rupture rates • Sientra Silicone Gel Implants (HSC+): The highest level of gel fracture resistance • Seroma/infection available without the compromise of an Pre-pec • Wrinkling and rippling overly firm implant1 • Healing complications 1. Kinney BM, Jeffers LLC, Ratliff GE, Carlisle DA. Silicone gel breast implants: science and testing. Plast Reconstr Surg. 2014;134(1S):47S-56S. 16
WHAT MATTERS MOST TO AUG SURGEONS 2022 Importance in Selecting Top-2 Box n=71 Implant Brands (Table Stakes) The manufacturer is easy to do business with 93% Offers implants in width, projection & volume increments that meet all patient's needs 90% Manufacturer is consistent in having an available supply of everything I need 87% Has the lowest complication rates among all U.S. implant brands 80% Is easy to use in surgery 76% Has the most comprehensive and longest warranty 76% The manufacturer has attractive price points on its products 72% Has a warranty that covers removal of an implant if the patient is unsatisfied with their results for any reason 70% Has high strength cohesive gel that provides improved shape retention 69% Is a brand I've never experienced a serious issue with 66% The manufacturer brings innovative products to the market 62% • N=71, Augmentation Surgeon Sample. Base Sizes Shown by Survey Period. • Q18/19: Please indicate how important each statement is when selecting a breast implant manufacturer for breast surgeries on a Reference: January 2022: 17 scale of 1 Sientra Market to 5. You Research, can select data on from any number file 1 to 5, where 1 means "Not at all Important" and 5 means "Extremely Important".
HCP BUYING DRIVERS TABLESTAKES RECON: PRODUCT SUPERIORITY 1. Portfolio + breadth of sizes, 1. Training & education widths, projections 2. Innovative products 3. Best in class warranty 2. Positive experience with, safety of product AUG: ADDED VALUE 1. Best in class warranty 3. Reliability of partner 2. Attractive price points 3. Innovative products and marketing programs Source: Sientra Consumer Market Research, 2022
WHAT MATTERS MOST TO AUG PATIENTS = WHAT MATTERS TO AUG SURGEONS #1 #2 51% 49% #3 43% Category 1 Category 2 Category 3 Surgery Procedure Cost Implant Safety Complications Reference: January 2022: Sientra Market Research, data on file 19
MODERN DECISION MAKING FOR PLASTIC SURGERY Empowered Consumers 50% 47% 39% 50% of patients do their 47% rely on 39% rely on their overall experience own research ratings & reviews (doctor or office) Reference: January 2022: Sientra Market Research, data on file 20
2022: AMPLIFIED CONSUMER CAMPAIGN 20 M+ Consumers Reached 500,000+ Patients Educated and Nurtured 80,000+ Search for Surgeon
OUR PROMISE SAFETY SECURITY Unrivaled safety and clinical results. Sientra Peace-of-mind is everything. Sientra offers the latest generation of implants with stands by our premium implants with the low complication rates, so that you and industry’s most comprehensive your patients can feel confident in your 20-year warranty. choice with Sientra. SATISFACTION SURGEONS Exclusively available through BCPSs so The highest rated silicone gel breast patients can feel confident in the most implant brand in the US. skilled and qualified hands. *Realself.com Accessed February 2022 22
A COMPANY OF FIRSTS
A STORY OF CONTINUOUS INNOVATION First Shaped Implant AlloX2 Pro – MRI to Market in US Compatible Tissue Expander Exclusive, Latest Butterfly Strong Focus on Generation, High Partnership Reconstruction Strength Gel 2021 2022 2012 AlloX2 – Only AuraGen – Fat Tissue Grafting First to Market Expander with System Tabbed Tissue Integrated 2021 Expanders Aspiration Port Dermaspan 2016 2007 24
Building a Roadmap Keeping up with the Evolution of Medical Knowledge Replace and Regenerate Understand Regenerative Function and Enhance capabilities, performance Implants tissue Devices engineering
FOCUS Breast Augmentation Breast Reconstruction Post-Op Management Non-Breast • Natural looking • Best-in-class expansion • Treat and prevent • Full body augmentation with safe options scarring transformation and predictable • Aesthetic reconstruction • Promote healing and • Safe and predictable outcomes with safe and predictable quick recovery solutions • Complete portfolio for outcomes, with a natural all breast needs look and feel • Lead the next • Complete portfolio for all generation of breast reconstruction augmentation offering needs • Innovative solutions for an aesthetic breast reconstruction • Complication prevention and management 26
SIENTRA’S LONG-TERM STRATEGIC VISION YR. 5 NON-SILICONE BREAST PRODUCTS PORTFOLIO ENHANCEMENTS o Large Sizes NEXT GEN o Complete implant BREAST EXPANSION NON-BREAST portfolio YR. 3 PRODUCTS o Complete expander portfolio FAT GRAFTING (non-breast) o Small volume options (face, hands,…) ADJACENCIES o Lumpectomy YR. 1 options o Solutions for post- o Body op management o Nipple recon FAT GRAFTING alternatives (breast) o Other implantable devices used during breast ALLOX2 PRO surgery (MRI-compatibility) EXECUTION AND NEW PRODUCTS – REVENUE THE FUTURE – NON-BREAST I N N O V AT I O N F R A M E W O R K G E N E R AT O R S + I N N O V AT I O N
WHAT MAKES US DIFFERENT?
SIENTRA’S PORTFOLIO 29
PORTFOLIO High-Strength Cohesive Breast Tissue Expanders BIOCORNEUM® Softspan™ Silicone Gel Breast for Breast Reconstruction Advanced Scar Treatment Extremity Expanders Implants • Available in 2 cohesive gel • Patented2 AlloX2® dual • #1 performing, preferred, • Allows for expansion of options - HSC & HSC+ port design with integrated and recommended scar gel skin for local wound • Unmatched shape retention drain improves clinical of plastic surgeons4 coverage and softness, with highest outcomes3 • Only advanced scar • Widest array of options on gel fracture resistance and • Dermaspan™ single port treatment with FDA- the market gel-shell integration1 design for soft, cleared Silishield® • Backed by best-in-class comfortable expansion patented crosslinked Platinum20™ Warranty medical grade silicone and SPF 305 1. Kinney et l., Silicone Gel Breast Implants: Science and Testing, Plast. Reconstr. Surg., 2014:134(1S):47S-56S 2. U.S. Patent Nos. 8,454,690 and 10,709,851 3. Fairchild et al., Safety and Efficacy of Smooth Surface Tissue Expander Breat Reconstruction, Aesth. Surg., 2020:40(1):53-62 4. Data on File. 30 5. U.S. Patent Nos. 5,741,509; 8,021,683; 8,802,133; 9,336,546; and 9,795,706
DESIGN FEATURES UNIQUE TO ALL SIENTRA IMPLANTS Exclusive High-Strength Cohesive Gel Fill Level Gel Optimal fill ratio Engineered for shape retention and high designed resistance to fracture, while maintaining to provide and maintain a remarkably soft feel1 the desired breast shape in combination with the slope of the chest wall Flat Back Design Allows implants to conform to the chest wall, creating a Highest Level of Gel-Shell smooth lateral edge designed Integration to limit palpability and Provides greater adherence of the gel wrinkling fill to the shell, resulting in an implant that maintains both strength and softness 1 1. Kinney et l., Silicone Gel Breast Implants: Science and Testing, Plast. Reconstr. Surg., 2014:134(1S):47S-56S 31
WHAT IS DIFFERENT ABOUT SIENTRA’S GEL TECHNOLOGY? It’s all about Chemistry! Low Strength Silicone (non-Sientra) High Strength Silicone (Sientra only) Pendant vinyl groups cause the polymers to run parallel to the End block vinyl groups allow for polymers to align perpendicular to hydride cross-linkers, resulting in more compact and restricted the hydride cross-linkers, resulting in less restricted, more flexible polymers. polymers. 32
WHAT IS DIFFERENT ABOUT SIENTRA’S GEL TECHNOLOGY? It’s all about Chemistry! Low Strength Silicone is like… High Strength Silicone is like… Parallel Aligned Random Alignment of Collagen Fibers Collagen Fibers Of Scar Tissue Of Normal Dermis (more rigid, less (more flexible, tensile strength) high tensile strength) SCAR DERMIS Pendant vinyl groups cause the polymers to run parallel to the End block vinyl groups allow for polymers to align perpendicular to hydride cross-linkers, resulting in more compact and restricted the hydride cross-linkers, resulting in less restricted, more flexible polymers. polymers. 33
OPTIMAL BALANCE BETWEEN STRENGTH AND SOFTNESS Gel strength and softness of all implant types.1 Sientra implants are remarkably strong, yet soft to the touch. Sientra implants show minimum trade-off in softness in order to achieve greater gel strength. 1. Kinney et l., Silicone Gel Breast Implants: Science and Testing, Plast. Reconstr. Surg., 2014:134(1S):47S-56S 34
UNRIVALED SAFETY AND CLINICAL DATA * 4 *The clinical studies from these manufacturers are not designed to be compared head-to-head. Each individual company’s own individual and published rates were presented 1Stevens WG, Calobrace MB, Alizadeh A, Zeidler KR, Harrington JL, d’Incelli RC. Ten-year core study data for Sientra’s Food and Drug Administration - approved round and shaped breast implants with cohesive silicone gel. Plast Reconstr Surg. 2018;141(4S):7S-19S. 2Mentor Worldwide LLC. Patient Decision Checklist: MemoryShape & MemoryGel: https://www.breastimplantsbymentor.com/MENTOR- implant-safety-information. Accessed December 2021 3Allergan Sales, LLC. Patient Decision Checklist: https://www.natrellesurgeon.com/Content/PDF/Augmentati on_Consent_Form.pdf. Accessed December 2021 4Sientra, Inc. Patient Decision Checklist: https://sientra.com/app/uploads/2021/10/MDC-0748-R2- Patient-Decision-Checklist-AUG-v1.pdf. Accessed April 2022 35
SIENTRA’S WARRANTY 36
SIENTRA PLATINUM20™, THE BEST WARRANTY IN THE INDUSTRY LIFETIME FREE implant replacement for implant rupture (any size or style) 20 Year Up to $5,000 for uncovered fees and costs due to implant rupture 20 Year FREE implant replacement for complications of capsular contracture (Baker Grade III/IV), late forming seroma and double capsule 2 Year Up to $2,000 for uncovered fees and costs due to capsular contracture (Baker Grade III/IV), late forming seroma and double capsule 37
ALLOX2 PLATFORM
TISSUE EXPANDER LINES AlloX2 Dermaspan Softspan Extremity Expanders
ALLOX2 – ELEVATING PATIENT CARE PLATFORM FOR THE ONLY TISSUE EXPANDER PUBLISHED EVIDENCE ON FUTURE OF EXPANSION WITH DRAIN PORT CLINICAL BENEFITS TECHNOLOGY Integrated drain for post-op “The unique feature of the AlloX2 Addressing pain points with aspiration and access to the provides surgeons easy access to current expansion options. periprosthetic space. the periprosthetic space without altering any of the other characteristics of a tissue expander. This resulted in a reduced time to drain removal and facilitated management of postoperative seroma and infection.”1 40 1 Momeni et al., The Impact of Device Innovation on Clinical Outcomes in Expander-based Breast Reconstruction, Plast. Reconstr. Surg. 2020: 7(12)
ALLOX2 PLATFORM EVOLUTION ALLOX2 PRO 41
ALLOX2 PRO FEATURES AND BENEFITS 6 Suture Tabs • Better fixation Nonmetallic Ports and Reduced Magnet Size: • MRI compatibility • Reduced image artifacts in CT’s Improved Depth Location • Less interference with • Precise and easy location radiotherapy treatment of fill and drain ports Anatomical shape Handheld device • Softer feel for patient comfort • Convenient port location Unique, Proprietary Drain for Seroma Aspiration • Soft and pliable drain for easy insertion and removal • Published evidence on benefits of drain’s ability for fluid aspiration, diagnostic sampling, pocket irrigation, and antibiotic delivery.
ALLOX2 PRO KEY DIFFERENCES AlloX2 AlloX2 Pro Ports (fill and drain) 2 Titanium Ports 2 Peek Ports (metallic) (plastic) Magnet(s) 2 1 superficial (1 inside each port - 2.66 cm3) (0.30 cm3) Metal 6.01 cm3 0.36 cm3 (94% reduction) MRI Compatibility No Yes Imaging/Radiation Interference Standard Reduced Fixation Tabs 3 6 Fill/Drain Ports’ Needles 21/18 gauge 18/18 gauge Port Location Magnetic Port Locator Magnetic Port Locator OR PortFinder Patient Comfort Standard Softer and more pliable Surface Smooth and Textured Smooth
AURAGEN 44
SIENTRA + AURAGEN: TOTAL BODY TRANSFORMATION, THE NEXT WAVE IN AESTHETICS Total Body Transformation Fat is “relocated” from unwanted areas • Broadens opportunity in plastic surgery to add volume where desired. Minimal OR time, using one’s own tissue. market with addition of highly differentiated, FDA-cleared fat grafting technology • Drives additional revenue growth and TAM Art Science opportunity in Sientra’s core breast aesthetics market Natural Looking Long-Lasting, Ultimate sculpting predictable results tool with flexibility to Evidence of high fat • Expands Sientra’s TAM opportunity through create desired retention, fat outcomes concentration, and addition of non-breast aesthetic cell viability1,2 applications – including the significant market for face, hands and body 1 An et al., Comparative Analysis of Two Automated Fat-processing Systems, Plast. Reconstr. Surg. - Global Open: January 2020 - Volume 8 - Issue 1 - p e2587 2 Phase I Gluteal Augmentation Study – Independent Investigator Study. Data on File. 45
FAT GRAFTING NATURALLY ALIGNS WITH SIENTRA’S CORE BREAST BUSINESS AND EXPANDS INTO NEW AESTHETIC MARKETS Additional Revenue Bundling from Existing Opportunity Accounts Door Opener Convert New with Product Accounts Differentiation Non-Breast Revenue from Plastic Breast Procedures reduction without implants, implant gluteal augmentation, Surgery where Implants removal, autologous reconstruction body, face, hands Applications are not Used
FAT GRAFTING IS TRENDING IN MEDIA COVERAGE OF BREAST PROCEDURES 47
CLINICAL BENEFITS OF FAT GRAFTING IS SUBJECT OF INCREASED STUDY 48
ROADMAP TO LAUNCH Commercial Design + BTS – Market Seeding / Manufacturing Scale Up Soft Launch Q4 2021 2022 Q1 2023 200 Patients Clinical Study • Main Endpoint: Fat Retention at 12 months • 10 sites • 100 Recon / 100 Augmentation Acquisition Launch 49
2022 – A YEAR OF LAUNCHES
PLANNED LAUNCHES Q1 2022 2022 2022 Q1 2023 Dermaspan Low Profile AlloX2 Pro + Fat Grafting 6 tabs Plus PortFinder System Implants Product Portfolio New Product New Product Improvement Enhancement 51
SIENTRA’S LONG-TERM STRATEGIC VISION YR. 5 NON-SILICONE BREAST PRODUCTS NEXT GEN NON-BREAST EXPANSION YR. 3 PRODUCTS FAT GRAFTING (non-breast) PORTFOLIO ADJACENCIES ENHANCEMENTS YR. 1 FAT GRAFTING (breast) ALLOX2 PRO Innovation backed up by science and clinical data (MRI-compatibility) Beyond breast – Full Body Transformation EXECUTION AND NEW PRODUCTS – REVENUE THE FUTURE – NON-BREAST I N N O V AT I O N F R A M E W O R K G E N E R AT O R S + I N N O V AT I O N
HOW DOES THIS FIT INTO THE FINANCIAL MODEL?
FY 2021 REVIEW $ Millions 2019 2020 2021 21 V 20 21 V 20 $ Change % Change Global Net Sales 46.4 55.0 81.5 26.5 48% COGS 16.4 23.6 35.9 (12.3) -52% Gross Margin 30.0 31.4 45.6 14.2 45% GM % 64.7% 57.1% 55.9% Operating Expense S&M 35.5 37.4 44.9 (7.5) -20% R&D 9.2 8.7 8.7 0.0 0% G&A 35.0 32.3 25.0 7.3 23% Total Non-GAAP Op Ex 79.7 78.4 78.6 (0.1) 0% Non-GAAP EBITDA (49.7) (47.0) (33.0) 14.1 30% 54
2022 FOCUS AND FUTURE PERSPECTIVE $200M SIEN Pathway Perspective 2024+ Revenue NG Op Ex Op Profit 55
CORPORATE FOCUS • A leader in Reconstruction • Grow into a full Aesthetic Company • Double our revenue in the next 3 years 56
QUESTIONS? 57
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