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The life and_times_of_biomet_1977-2012____trine

The Life and Times of Biomet
Fiscal Years 1978 – 2012
I U Kokomo
Kokomo, Indiana

February 12,
2013

1977

 Incorporated in November
 8 Team Members
 Early Financing
 $725,000 Capital
 $500,000 SBA Guaranteed Loan
 $100,000 Revolving Line
 $125,000 Equity

1977

 Began Developing Major
Technological Advances
 Titanium Alloy
Reconstructive Products
 Direct Compression Molded
Polyethylene
 Titanium Plasma Spray
Porous Coating

1978

 Biomet Moved into Initial Facility
 $17,000 Net Sales
 $63,000 Net Loss

Recipient of Biomet’s 1st Hip Implant:
Dane Miller’s Maternal Grandmother,
Grace Shumaker

1978 - 1st Color Print Advertisement
“The Newest Manufacturer of Orthopedic Implants
is Working Nearly Around the Clock…
That’s Why the Lights Are Still On”

1979

 The Total Cruciate Condylar Knee
 Predecessor to the AGC Total Knee
 Incorporated Biomet’s 1st Compression
Molded Tibial Component

1979
 Jerry & Kenneth Miller
 Provided Biomet with Early
Equity Financing
 Served on Biomet’s Board
of Directors for many years

1980

 $1.1 Million Net Sales
 Ground-Breaking for Current Site
 Financed by Sale of Economic
Development Revenue Bonds

1981

 $1.25 Million Raised in Subordinated
Debenture Offering
 Facility Completion
 23,000 Sq. Ft.
 3 Independent Locations Vacated (53 Team Members)
 Produced Biomet’s 1st Annual Report
 Theme: “Not Just Another Year”

1982
 $1.25 Million Raised through Initial Public Offering

1983
 AGC Total Knee
 1st System to Offer Complete
Component Interchangeability
 Top Performer with Excellent
Clinical Results
 March Stock Split: 2 for 1
 July Stock Split: 2 for 1
 $11.9 Million Raised in
Secondary Public Offering

1984

 Introduction of Titanium Plasma
Spray Porous Coating
 Acquisition of Orthopedic
Equipment Company
 Expanded Biomet’s Worldwide
Market Presence

1984

 Indiana Small Business
Person of the Year
 Meeting with President Reagan

1985
 New Products
 Bi-Metric Hip for cementless
or cemented implantation
 AGC Calibrated Distractor
 Redi-Drape

1986

 Stock Split: 2 for 1
 $24.7 Million Raised in
Secondary Public Offering

1986

 Groundbreaking for 3rd Building
Addition of 66,000 Sq. Ft.
 $500,000 SBA Loan Retired Early
 Estimated $9 Million Combined
Corporate & Personal Tax Revenues
Collected as Result of Funding

1987

 Biomet Gaining National
Media Exposure as “Hot
Growth Company”

1988
 Acquisition of EBI
 Leader in Electrical Stimulation &
External Fixation Markets
 New plant in Swindon,
England Replaced
Leased Facilities

1989

 Introduction of Bi-Angular
Total Shoulder System
 1,000 Team Members
 Indiana Business Publication Names
Miller “Entrepreneur of the Year”
for High Technology Sector

1990
 EBI Introduces SpF-T Line of Spinal
Fusion Stimulators

1991

 President George Bush presented Small Business
Administration National Entrepreneurial Success
Award to Miller & Noblitt
 Biomet Led Forbes’ Honor Role of Small
Publicly Traded Companies

1991

 January Stock Split: 2 for 1
 3-Story 43,000 Sq. Ft. Facility Expansion
 11,000 Sq. Ft. Building Constructed in
Warsaw for Resorbable Material Technologies
 December Stock Split: 2 for 1

1992

 Acquisition of Lorenz Surgical in
Jacksonville
 Market Leader in Craniomaxillofacial
Fixation Products

1993

 Swedish Knee Study Reported AGC Knee
Had Lowest Revision Rate of Knees in Study
 Introduction of Maxim Total Knee System
 Biomet 3rd on Hoosier “Top 50” List

1994
 $25 Million Share Repurchase Program
 Acquisition of Kirschner
 Reconstructive & Softgoods Products
 Performance Knee
 Casting Facility in New Jersey
 Mfg. Plant in Spain

1995

 27% Increase in
International Sales
 ArCom Argon Packaged,
Compression Molded
Polyethylene

1996

 Mallory-Head Modular Calcar
Revision Series Introduced
 Provides Customized
Fixation Alternatives
 Launch of EBI DynaFix
External Fixation System

1996
 60,000 Sq. Ft. Addition to Lorenz Surgical
 Manufacturing
 R&D

1997

 Introduction of Indiana Tome
Carpal Tunnel Release System
 26 Facilities totaling 1,071,000
Sq. Ft.
 EBI Launched SpineLink
Fixation System

1998
 Biomet Merck JV
 European Launch of TRAC
Mobile Bearing Knee
 Ascent Total Knee System
Launched
 Omega 21 Spinal Fixation &
SpineLink Anterior Cervical
Systems Introduced

1999
 Alliance with Selective Genetics to
Develop Gene Therapy Products
 Introduction of Mimix Bone
Substitute Material
 Biomet Entered Worldwide Dental
Reconstructive Implant Market
with Acquisition of 3i

2000
 M2a Metal-On-Metal Hip
Articulation System
 Biolectron Acquisition
Added Non-Invasive
Electrical Stimulation

2001
 Approximately 100 New Products
& Line Extensions
 $1 Billion Net Sales
 Over 270 Million Shares
 1,500+ Sales
Representatives

2002

 $1.2 Billion Net Sales
 More than 50 Facilities
(18 Manufacturing)
 1,850 Sales Representatives
 Share Repurchase Program Initiated

2003
 Reintroduction of Constrained Liners
 Microplasty Minimally-Invasive
Instrumentation
 Expansion of Share Repurchase
Program
 50% Dividend Increase to $0.15
 5,000+ Team Members
 2,000+ Sales Representatives

2004
 Expansion of Share
Repurchase Program
 Q4 Introduction of Vanguard
Complete Knee System
 ReCap Femoral Resurfacing

2005
 Rollout of Vanguard Knee
 Domestic Introduction of Oxford Partial Knee
 Expansion of Share Repurchase Program
 500+ New Products Introduced Over the Past 6 Years

2006
 Co-Founder, President/CEO
Dane A. Miller, Ph.D. Announces Retirement
 Launch of C2a-Taper Acetabular System
 Introduction of Vanguard SSK
(Super Stabilized Knee) Revision System
 600+ New Products Introduced Over the Past
7 Years
 2,600 Sales Representatives

2007
 Company Signs Definitive Merger
Agreement With Private Equity Consortium
 Jeffrey R. Binder Named President/CEO
 Launch of E-Poly (Vitamin E Stabilized Highly
Crosslinked Polyethylene)
 Introduction of NanoTite Dental Implant
 700+ New Products Introduced Over
the Past 8 Years

2008
 Completion of the Merger with LVB Acquisition Merger
Sub, Inc.
 Launch of the Taperloc and the Balance Microplasty Stems
 25th Anniversary of Taperloc Hip Stem is Celebrated
 Launch of One Patient, our U.S. Advocacy Initiative
 Biomet products are used to help one surgeon treat one
patient, 1 million times per year
 www.onepatient.us
 ~800 New Products Introduced Over the Past 9 Years

2009
 12% Adjusted EBITDA Growth
 12% Constant Currency Growth for Global Orthopedic
Reconstructive Device Sales
 Strong Market Acceptance of New Technologies, Including:
 E1 Antioxidant Infused Bearing Technology
 Regenerex Porous Titanium Construct components
 Signature Personalized Patient Care pre-operative planning
software program, including patient-specific alignment guides
 ~900 New Products Introduced Over the Past 10 Years

2010
 8% Adjusted EBITDA Growth
 10% CC Growth for Global Orthopedic Reconstructive Device Sales
 Acquired Assets of Cartilix – Cartilage Repair Technology
 Dane A. Miller, Ph.D., Co-Founder, Former CEO, and Current Board Member
Named 2009 Phoenix Lifetime Achievement Award Winner
 Donated $3.1 Million in Medical Devices for the Haitian Relief Effort
 Q1 Introduction of Comprehensive Reverse Shoulder
 Introduced Cobalt MV (Medium Viscosity) Bone Cement for Total Joint Reconstruction
 ~ 7,500 Team Members

2011
 Receive FDA Clearance for Active Articulation E1 Dual Mobility Hip System
 Acquisition of Substantially all of the Assets of Cytosol Laboratories, Inc.
 Biomet 3i collaborates with Renishaw PLC Providing the Latest Digital Dentistry
Solutions to Laboratories, Dental Implant Professionals and Patients
 Biomet Sports Medicine’s JuggerKnot Soft Anchor Receives 2011 Medical Design
Excellence Award
 ~ 7,500 Team Members

2012
 Company Announces Offer to Acquire DePuy Trauma Business
 FDA Clearance for Two New Products:
 E1 Humeral Bearing for the Comprehensive Reverse Shoulder System
 The Comprehensive Segmental Revision System
 Company Celebrates 35 Years of Clinical Experience with the Oxford Partial Knee
System
 Global Footprint With Operations in 50+ Location

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The life and_times_of_biomet_1977-2012____trine

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The life and_times_of_biomet_1977-2012____trine