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645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 645.75 m 562.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 570.75 m 485.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 557.75 m 485.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 555.75 m 485.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 570.75 m 562.5 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 557.75 m 562.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 555.75 m 562.5 555.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 662.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 463.86 662.98 Td (ee Months Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 650.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.35 649.98 Td (April 3, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 649.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 513.96 649.98 Td (ch 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.42 Td (Net \(Loss\) Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 635.47 Td (\(17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 635.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 635.42 Td (37.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 620.42 Td (Pretax amortization of acquisition-related intangible assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 302.15 624.95 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 620.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 620.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 605.42 Td (Restructuring costs ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.43 609.95 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 605.42 Td (12.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 605.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 590.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 590.42 Td (ax ef) Tj ET Q q 0 0 0 rg BT 89.94 590.42 Td (fect of adjustments reflected above ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.37 594.95 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 590.47 Td (\(10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 590.47 Td (\(5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 575.42 Td (Discrete tax adjustments and other tax-related adjustments ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 301.31 579.95 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 575.47 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 575.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 575.47 Td (\(3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 575.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.32 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 561.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 561.32 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 561.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 561.32 Td (52.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.10 533.25 Td (See the accompanying Notes to Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 349.18 533.25 Td ( to Non-GAAP) Tj ET Q q 0 0 0 rg BT 409.36 533.25 Td ( Financial Measures) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 742.25 Td (ENVIST) Tj ET Q q 0 0 0 rg BT 253.74 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 742.25 Td ( HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 369.13 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 730.25 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 172.77 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 214.34 730.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 244.62 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.94 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.43 730.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 317.04 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 375.66 730.25 Td ( MEASURES \(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 704.68505859375 m 209.091796875 704.68505859375 l s q 0 0 0 rg BT 50.00 706.25 Td (Adjusted Diluted Earnings Per) Tj ET Q q 0 0 0 rg BT 181.77 706.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 204.65 706.25 Td (e) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 657.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 657.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 627.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 627.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 597.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 597.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 567.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 567.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 567.75 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 670.75 m 485.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 670.75 m 489.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 670.75 m 485.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 657.75 m 485.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 670.75 m 489.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 657.75 m 562.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 567.75 m 485.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 553.75 m 485.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 551.75 m 485.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 567.75 m 562.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 553.75 m 562.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 551.75 m 562.5 551.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 674.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 453.06 674.98 Td (ee Month Period Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 662.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.35 661.98 Td (April 3, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 661.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 513.96 661.98 Td (ch 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.42 Td (Diluted \(Loss\) Earnings Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 647.47 Td (\(0.1) Tj ET Q q 0 0 0 rg BT 476.63 647.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 647.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 647.42 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 632.42 Td (Pretax amortization of acquisition-related intangible assets ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 302.15 636.95 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 632.42 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 632.42 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 617.42 Td (Restructuring costs ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.43 621.95 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 617.42 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 602.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 602.42 Td (ax ef) Tj ET Q q 0 0 0 rg BT 89.94 602.42 Td (fect of adjustments reflected above ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.37 606.95 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 602.47 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 602.47 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 587.42 Td (Discrete tax adjustments and other tax-related adjustments ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 301.31 591.95 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 587.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 587.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 587.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 587.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 572.42 Td (Dilutive impact of IPO and conversion shares as if issued at beginning of period ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 388.26 576.95 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 572.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 572.47 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 572.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.42 Td (Adjusted Diluted Earnings Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 557.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 557.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 557.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.10 514.25 Td (See the accompanying Notes to Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 349.18 514.25 Td ( to Non-GAAP) Tj ET Q q 0 0 0 rg BT 409.36 514.25 Td ( Financial Measures) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 742.25 Td (ENVIST) Tj ET Q q 0 0 0 rg BT 253.74 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 742.25 Td ( HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 369.13 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 730.25 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 172.77 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 214.34 730.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 244.62 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.94 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.43 730.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 317.04 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 375.66 730.25 Td ( MEASURES \(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 704.68505859375 m 210.1318359375 704.68505859375 l s q 0 0 0 rg BT 50.00 706.25 Td (Adjusted Diluted Shar) Tj ET Q q 0 0 0 rg BT 145.95 706.25 Td (es Outstanding) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 657.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 657.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 657.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 627.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 627.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 670.75 m 475.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 670.75 m 479.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 670.75 m 541.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 670.75 m 475.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 657.75 m 475.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 670.75 m 479.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 670.75 m 541.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 657.75 m 541.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 657.75 m 475.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 657.75 m 541.5 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 612.75 m 475.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 598.75 m 475.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 596.75 m 475.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 612.75 m 541.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 598.75 m 541.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 596.75 m 541.5 596.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.60 674.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 453.86 674.98 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 661.98 Td (\(shar) Tj ET Q q 0 0 0 rg BT 72.63 661.98 Td (es in millions\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.85 661.98 Td (April 3, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.50 661.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 498.46 661.98 Td (ch 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.85 647.42 Td (verage common stock shares outstanding - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 647.42 Td (159.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 647.42 Td (127.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.42 Td (Assumed exercise of dilutive options and vesting of dilutive restricted stock units ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 381.27 636.95 Td (F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 632.42 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.42 Td (Dilutive impact of IPO and conversion shares as if issued at beginning of period ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 376.26 621.95 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 617.42 Td (34.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 602.42 Td (verage common stock and common equivalent shares outstanding - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 602.42 Td 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65.00 578.42 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 578.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 578.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 564.32 Td (Restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 564.32 Td (12.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 564.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.32 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 550.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 550.32 Td (19.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 550.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 550.32 Td (77.3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.10 522.25 Td (See the accompanying Notes to Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 349.18 522.25 Td ( to Non-GAAP) Tj ET Q q 0 0 0 rg BT 409.36 522.25 Td ( Financial Measures) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 742.25 Td (ENVIST) Tj ET Q q 0 0 0 rg BT 253.74 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 742.25 Td ( HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 369.13 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 730.25 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 172.77 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 214.34 730.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 244.62 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.94 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.43 730.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 317.04 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 375.66 730.25 Td ( MEASURES \(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 704.68505859375 m 130.7373046875 704.68505859375 l s q 0 0 0 rg BT 50.00 706.25 Td (Cor) Tj ET Q q 0 0 0 rg BT 66.48 706.25 Td (e Sales Gr) Tj ET Q q 0 0 0 rg BT 109.62 706.25 Td (owth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.74 706.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 133.24 710.78 Td (1) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 654.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 624.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 594.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 564.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 534.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 504.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 474.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 444.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 444.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 414.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 414.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 384.75 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.75 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 354.75 110.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 654.75 m 562.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 579.75 m 562.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 565.75 m 562.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 563.75 m 562.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 459.75 m 562.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 443.75 m 562.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 354.75 m 562.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 340.75 m 562.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 338.75 m 562.5 338.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 659.43 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.25 674.98 Td (% Change ) Tj ET Q q 0 0 0 rg BT 503.33 674.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 516.52 674.98 Td (ee Month) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.10 666.98 Td (Period Ended ) Tj ET Q q 0 0 0 rg BT 503.55 666.98 Td (April 3, 2020 vs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 658.98 Td (Comparable 2019 Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 644.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 644.42 Td (otal sales growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 644.42 Td (\(17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 644.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.42 Td (Less the impact of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 615.32 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 614.42 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 614.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 600.32 Td (Discontinued products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 599.42 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 599.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 585.32 Td (Currency exchange rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 584.42 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 584.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.32 Td (Core sales growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 569.42 Td (\(14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 569.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 539.43 Td (Specialty Pr) Tj ET Q q 0 0 0 rg BT 104.84 539.43 Td (oducts & ) Tj ET Q q 0 0 0 rg BT 145.78 539.43 Td (T) Tj ET Q q 0 0 0 rg BT 151.90 539.43 Td (echnologies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 524.42 Td (otal sales growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 524.42 Td (\(21.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 524.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.42 Td (Less the impact of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 495.32 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 494.42 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 494.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 480.32 Td 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(Less the impact of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 375.32 Td (Discontinued products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 374.42 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 374.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 360.32 Td (Currency exchange rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 359.42 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 359.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.32 Td (Core sales growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 344.42 Td (\(9.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 344.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 50.00 330.53 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.92 326.45 Td ( ) Tj ET Q q 0 0 0 rg BT 59.51 326.45 Td (W) Tj ET Q q 0 0 0 rg BT 67.29 326.45 Td (e use the term core sales to refer to GAAP) Tj ET Q q 0 0 0 rg BT 227.14 326.45 Td ( revenue excluding \(1\) sales from acquired businesses recorded prior to the first anniversary ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 315.65 Td (of the acquisition \(acquisitions\), \(2\) sales from discontinued products and \(3\) the impact of currency translation. Sales from discontinued ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 304.85 Td (products includes major brands or products that Envista has made the decision to discontinue as part of a portfolio restructuring. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 294.05 Td (Discontinued brands or products consist of those which Envista \(1\) is no longer manufacturing, \(2\) is no longer investing in the research or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 283.25 Td (development of, and \(3\) expects to discontinue all significant sales within one year from the decision date to discontinue. ) Tj ET Q q 0 0 0 rg BT 496.97 283.25 Td (The portion of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 272.45 Td (sales attributable to discontinued brands or products is calculated as the net decline of the applicable discontinued brand or product from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 261.65 Td (period-to-period. ) Tj ET Q q 0 0 0 rg BT 122.32 261.65 Td (The portion of GAAP) Tj ET Q q 0 0 0 rg BT 200.72 261.65 Td ( revenue attributable to currency exchange rates is calculated as the dif) Tj ET Q q 0 0 0 rg BT 455.19 261.65 Td (ference between \(a\) the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 250.85 Td (period-to-period change in sales and \(b\) the period-to-period change in sales after applying current period foreign exchange rates to the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 240.05 Td (prior year period. ) Tj ET Q q 0 0 0 rg BT 123.81 240.05 Td (W) Tj ET Q q 0 0 0 rg BT 131.58 240.05 Td (e use the term core sales growth to refer to the measure of comparing current period core sales with the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 229.25 Td (corresponding period of the prior year) Tj ET Q q 0 0 0 rg BT 195.71 229.25 Td (. ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 742.25 Td (ENVIST) Tj ET Q q 0 0 0 rg BT 253.74 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 742.25 Td ( HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 369.13 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 730.25 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 172.77 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 214.34 730.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 244.62 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.94 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.43 730.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 317.04 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 375.66 730.25 Td ( MEASURES \(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.55 718.25 Td (\($ in millions\)) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 692.68505859375 m 300.3515625 692.68505859375 l s q 0 0 0 rg BT 50.00 694.25 Td (Reconciliation of Operating Cash Flows to Fr) Tj ET Q q 0 0 0 rg BT 243.69 694.25 Td (ee Cash Flow) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 645.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 645.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 645.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 617.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 617.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 617.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.75 362.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 589.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 589.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 589.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 559.75 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 559.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 559.75 73.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 658.75 m 485.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 658.75 m 489.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 658.75 m 562.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 645.75 m 485.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 645.75 m 562.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 645.75 m 485.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 645.75 m 562.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 559.75 m 485.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 546.75 m 485.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 544.75 m 485.5 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 559.75 m 562.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 544.75 m 562.5 544.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 662.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 463.86 662.98 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.35 649.98 Td (April 3, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 649.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 513.96 649.98 Td (ch 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.32 Td (Net Operating Cash Used in Investing ) Tj ET Q q 0 0 0 rg BT 207.69 636.32 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 636.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 636.37 Td (\(51.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 636.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 636.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 636.37 Td (\(15.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 636.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.32 Td (Net Operating Cash Provided by Financing ) Tj ET Q q 0 0 0 rg BT 228.25 622.32 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 622.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 622.32 Td (258.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 622.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 622.32 Td (24.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.32 Td (Net Operating Cash Used in Operating ) Tj ET Q q 0 0 0 rg BT 210.46 594.32 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 594.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 594.37 Td (\(62.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 594.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 594.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 594.37 Td (\(9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 594.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 579.42 Td (Less: payments for additions to property) Tj ET Q q 0 0 0 rg BT 226.59 579.42 Td (, plant and equipment \(capital expenditures\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 579.47 Td (\(13.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 579.47 Td (\(15.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 564.42 Td (Plus: proceeds from sales of property) Tj ET Q q 0 0 0 rg BT 213.48 564.42 Td (, plant and equipment \(capital disposals\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 564.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 564.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.32 Td (Free Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 550.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 550.37 Td (\(75.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 550.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 550.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 550.37 Td (\(24.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 550.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.25 742.25 Td (ENVIST) Tj ET Q q 0 0 0 rg BT 253.74 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.41 742.25 Td ( HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 369.13 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 730.25 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 172.77 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 214.34 730.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 244.62 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.94 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.43 730.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 317.04 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 375.66 730.25 Td ( MEASURES \(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.20 706.25 Td (Notes to Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 301.62 706.25 Td ( to Non-GAAP) Tj ET Q q 0 0 0 rg BT 363.85 706.25 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 441.44 706.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 686.78 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.69 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.51 682.25 Td (The pretax and after) Tj ET Q q 0 0 0 rg BT 140.10 682.25 Td (-tax amounts related to amortization of acquisition-related intangible assets are shown below for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 670.25 Td (following periods \($ in millions\). Only the pretax amounts set forth below are reflected in the amortization line item above:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 613.75 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 613.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 613.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 613.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 641.75 m 496.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 641.75 m 500.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 641.75 m 562.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 641.75 m 496.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 628.75 m 496.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 641.75 m 500.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 641.75 m 562.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 628.75 m 562.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 628.75 m 496.5 628.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 628.75 m 562.5 628.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 646.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 645.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 463.76 645.98 Td (ee-Month Period Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.85 632.98 Td (April 3, 2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 632.98 Td (Mar) Tj ET Q q 0 0 0 rg BT 519.46 632.98 Td (ch 29, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.42 Td (Pretax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 618.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 618.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 618.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 618.42 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.42 Td (After) Tj ET Q q 0 0 0 rg BT 73.90 603.42 Td (-tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 603.42 Td (15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 603.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 603.42 Td (17.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 579.78 Td (B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.33 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.15 575.25 Td (W) Tj ET Q q 0 0 0 rg BT 67.79 575.25 Td (e exclude costs incurred pursuant to discrete restructuring plans that are fundamentally dif) Tj ET Q q 0 0 0 rg BT 428.04 575.25 Td (ferent \(in terms of the size, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 563.25 Td (strategic nature and planning requirements, as well as the inconsistent frequency) Tj ET Q q 0 0 0 rg BT 380.19 563.25 Td (, of such plans\) from the ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 551.25 Td (productivity improvements that result from application of the Envista Business System. ) Tj ET Q q 0 0 0 rg BT 411.54 551.25 Td (These restructuring plans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 539.25 Td (incremental to the operating activities that arise in the ordinary course of our business and we believe are not indicative of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 527.25 Td (Envista) Tj ET Q q 0 0 0 rg BT 91.77 527.25 Td (s ongoing operating costs in a given period.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 507.78 Td (C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.33 503.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.15 503.25 Td (This line item reflects the aggregate tax ef) Tj ET Q q 0 0 0 rg BT 227.51 503.25 Td (fect of all pretax adjustments reflected in the preceding line items of the table using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 491.25 Td (each adjustment's applicable tax rate, including the ef) Tj ET Q q 0 0 0 rg BT 272.76 491.25 Td (fect of interim tax accounting requirements of ) Tj ET Q q 0 0 0 rg BT 458.53 491.25 Td (Accounting Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 479.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 111.31 479.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.72 479.25 Td (opic 740 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.94 479.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 190.51 479.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.28 479.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 459.78 Td (D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.69 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.51 455.25 Td (The discrete tax matters relate primarily to excess tax benefits from stock-based compensation, changes in estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 443.25 Td (associated with prior period uncertain tax positions and audit settlements, tax benefits resulting from a change in law) Tj ET Q q 0 0 0 rg BT 525.45 443.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 431.25 Td (changes in determination of realization of certain deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 411.78 Td (E) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.97 407.25 Td ( In connection with the initial public of) Tj ET Q q 0 0 0 rg BT 212.64 407.25 Td (fering \("IPO"\), an additional 30.8 million shares were issued on September 20, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 395.25 Td (This line item reflects the dilutive impact of these IPO shares as if outstanding as of the beginning of each period presented. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td ( In addition, certain Envista employees were previously granted Danaher Corporation \("Danaher"\) equity awards. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 371.25 Td (December 18, 2019, Danaher completed the split-of) Tj ET Q q 0 0 0 rg BT 266.52 371.25 Td (f exchange of) Tj ET Q q 0 0 0 rg BT 320.76 371.25 Td (fer of all the common shares of Envista held by Danaher in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 359.25 Td (exchange for shares of Danaher common stock. ) Tj ET Q q 0 0 0 rg BT 251.15 359.25 Td (As a result, the equity awards held by certain Envista employees to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 347.25 Td (Danaher shares have been converted into equity awards to purchase Envista's shares. ) Tj ET Q q 0 0 0 rg BT 400.22 347.25 Td (The dilutive impact of these equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 335.25 Td (awards are included in this line item to reflect the potential dilution as if outstanding as of the beginning of each period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 323.25 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 303.78 Td (F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.61 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.43 299.25 Td (The Company was in a net loss position for the three months ended ) Tj ET Q q 0 0 0 rg BT 329.78 299.25 Td (April 3, 2020, therefore no shares reserved for issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 287.25 Td (upon exercise of stock options or vesting of restricted stock units were included in the computation of diluted loss per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 275.25 Td (as their inclusion would have been anti-dilutive. However) Tj ET Q q 0 0 0 rg BT 292.70 275.25 Td (, given that the items noted in footnotes ) Tj ET Q q 0 0 0 rg BT 452.96 275.25 Td (A-D resulted in adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 263.25 Td (net income for the three months ended ) Tj ET Q q 0 0 0 rg BT 214.79 263.25 Td (April 3, 2020, the dilutive impact of stock option and restricted stock units is being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 251.25 Td (included to arrive at adjusted diluted shares outstanding.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 225.68505859375 m 235.6298828125 225.68505859375 l s q 0 0 0 rg BT 50.00 227.25 Td (Statement Regarding Non-GAAP) Tj ET Q q 0 0 0 rg BT 192.21 227.25 Td ( Measur) Tj ET Q q 0 0 0 rg BT 227.30 227.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (Each of the non-GAAP) Tj ET Q q 0 0 0 rg BT 143.22 203.25 Td ( measures set forth above should be considered in addition to, and not as a replacement for or superior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (to, the comparable GAAP) Tj ET Q q 0 0 0 rg BT 153.49 191.25 Td ( measure, and may not be comparable to similarly titled measures reported by other companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (Management believes that these measures provide useful information to investors by of) Tj ET Q q 0 0 0 rg BT 399.45 179.25 Td (fering additional ways of viewing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (Envista Holdings Corporation's \("Envista or the Company\) results that, when reconciled to the corresponding GAAP) Tj ET Q q 0 0 0 rg BT 530.13 167.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (measure, help our investors to: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 131.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 131.25 Td (with respect to ) Tj ET Q q 0 0 0 rg BT 146.82 131.25 Td (Adjusted Operating Profit \(Loss\), ) Tj ET Q q 0 0 0 rg BT 283.19 131.25 Td (Adjusted Net Income, ) Tj ET Q q 0 0 0 rg BT 373.17 131.25 Td (Adjusted Diluted Earnings Per Share and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 119.25 Td (Adjusted EBITDA, understand the long-term profitability trends of Envista) Tj ET Q q 0 0 0 rg BT 390.11 119.25 Td (s business and compare Envista) Tj ET Q q 0 0 0 rg BT 519.53 119.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 107.25 Td (profitability to prior and future periods and to Envista) Tj ET Q q 0 0 0 rg BT 303.73 107.25 Td (s peers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 83.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 83.25 Td (with respect to ) Tj ET Q q 0 0 0 rg BT 146.82 83.25 Td (Adjusted Diluted Earnings Per Share, provide investors with improved comparability for ) Tj ET Q q 0 0 0 rg BT 503.97 83.25 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 71.25 Td (Diluted EPS as share counts under GAAP) Tj ET Q q 0 0 0 rg BT 253.39 71.25 Td ( are calculated using a weighted average approach; ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (with respect to ) Tj ET Q q 0 0 0 rg BT 146.82 742.10 Td (Adjusted Diluted Shares Outstanding, allows for the impact of the IPO shares and dilution related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (the conversion of Danaher equity awards into Envista equity awards to be presented as if they were outstanding for all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (prior periods presented and for the dilutive impact of stock options and restricted stock units as the Company is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (reporting adjusted net income compared to a net loss under GAAP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (with respect to Core Sales, identify underlying growth trends in Envista) Tj ET Q q 0 0 0 rg BT 375.67 682.10 Td (s business and compare Envista) Tj ET Q q 0 0 0 rg BT 505.09 682.10 Td (s revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (performance with prior and future periods and to Envista) Tj ET Q q 0 0 0 rg BT 316.48 670.10 Td (s peers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (with respect to ) Tj ET Q q 0 0 0 rg BT 146.82 646.10 Td (Adjusted EBITDA, help investors understand operational factors associated with a company) Tj ET Q q 0 0 0 rg BT 519.22 646.10 Td (s financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (performance because it excludes the following from consideration: interest, taxes, depreciation, amortization, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (infrequent or unusual losses or gains such as goodwill impairment char) Tj ET Q q 0 0 0 rg BT 370.20 622.10 Td (ges or nonrecurring and restructuring char) Tj ET Q q 0 0 0 rg BT 538.57 622.10 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Management uses ) Tj ET Q q 0 0 0 rg BT 159.87 610.10 Td (Adjusted EBITDA, as a supplemental measure for assessing operating performance in conjunction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (with related GAAP) Tj ET Q q 0 0 0 rg BT 162.84 598.10 Td ( amounts. In addition, ) Tj ET Q q 0 0 0 rg BT 254.77 598.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 329.49 598.10 Td ( is used in connection with operating decisions, strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (planning, annual budgeting, evaluating Company performance and comparing operating results with historical periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (and with industry peer companies; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (with respect to Free Cash Flow \(the FCF Measure\), understand Envista) Tj ET Q q 0 0 0 rg BT 382.33 550.10 Td (s ability to generate cash without external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (financings, strengthen its balance sheet, invest in its business and grow its business through acquisitions and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (strategic opportunities \(although a limitation of free cash flow is that it does not take into account the Company) Tj ET Q q 0 0 0 rg BT 534.78 526.10 Td (s debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (service requirements and other non-discretionary expenditures, and as a result the entire free cash flow amount is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (necessarily available for discretionary expenditures\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Management uses these non-GAAP) Tj ET Q q 0 0 0 rg BT 192.66 478.10 Td ( measures to measure the Company) Tj ET Q q 0 0 0 rg BT 337.34 478.10 Td (s operating and financial performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (The items excluded from the non-GAAP) Tj ET Q q 0 0 0 rg BT 212.65 454.10 Td ( measures set forth above have been excluded for the following reasons:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 430.10 Td (ith respect to ) Tj ET Q q 0 0 0 rg BT 148.64 430.10 Td (Adjusted Operating Profit \(Loss\), ) Tj ET Q q 0 0 0 rg BT 285.01 430.10 Td (Adjusted Diluted Earnings Per Share and ) Tj ET Q q 0 0 0 rg BT 451.64 430.10 Td (Adjusted EBITDA: ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 104.00 403.94 cm /I1 Do Q q 0 0 0 rg BT 108.00 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 406.10 Td (e exclude the amortization of acquisition-related intangible assets because the amount and timing of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 394.10 Td (char) Tj ET Q q 0 0 0 rg BT 139.03 394.10 Td (ges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.10 Td (While we have a history of significant acquisition activity we do not acquire businesses on a predictable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 370.10 Td (cycle, and the amount of an acquisition) Tj ET Q q 0 0 0 rg BT 281.67 370.10 Td (s purchase price allocated to intangible assets and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 358.10 Td (amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 346.10 Td (Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 334.10 Td (between our newly-acquired and long-held businesses, and with both acquisitive and non-acquisitive peer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 322.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 172.08 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.72 322.10 Td (e believe, however) Tj ET Q q 0 0 0 rg BT 255.56 322.10 Td (, that it is important for investors to understand that such intangible assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 310.10 Td (contribute to revenue generation and that intangible asset amortization related to past acquisitions will recur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 298.10 Td (in future periods until such intangible assets have been fully amortized. ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 104.00 271.94 cm /I2 Do Q q 0 0 0 rg BT 108.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 274.10 Td (e exclude costs incurred pursuant to discrete restructuring plans that are fundamentally dif) Tj ET Q q 0 0 0 rg BT 490.89 274.10 Td (ferent \(in terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 262.10 Td (of the size, strategic nature and planning requirements, as well as the inconsistent frequency) Tj ET Q q 0 0 0 rg BT 489.28 262.10 Td (, of such plans\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 250.10 Td (from the ongoing productivity improvements that result from application of the Envista Business System. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 238.10 Td (These restructuring plans are incremental to the operating activities that arise in the ordinary course of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.10 Td (business and we believe are not indicative of Envista) Tj ET Q q 0 0 0 rg BT 336.38 226.10 Td (s ongoing operating costs in a given period.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 104.00 199.94 cm /I3 Do Q q 0 0 0 rg BT 108.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 131.04 202.10 Td (ith respect to the other items excluded from ) Tj ET Q q 0 0 0 rg BT 307.10 202.10 Td (Adjusted Net Income, ) Tj ET Q q 0 0 0 rg BT 397.08 202.10 Td (Adjusted Operating Profit \(Loss\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 190.10 Td (Adjusted Diluted Earnings Per Share and ) Tj ET Q q 0 0 0 rg BT 288.64 190.10 Td (Adjusted EBITDA, we exclude these items because they are of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 178.10 Td (nature and/or size that occur with inconsistent frequency) Tj ET Q q 0 0 0 rg BT 347.66 178.10 Td (, occur for reasons that may be unrelated to Envista's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 166.10 Td (commercial performance during the period and/or we believe that such items may obscure underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 154.10 Td (business trends and make comparisons of long-term performance dif) Tj ET Q q 0 0 0 rg BT 396.18 154.10 Td (ficult.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 130.10 Td (ith respect to core sales, we exclude \(1\) the ef) Tj ET Q q 0 0 0 rg BT 277.55 130.10 Td (fect of acquisitions because the timing, size, number and nature of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td (such transactions can vary significantly from period-to-period and between us and our peers, which we believe may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (obscure underlying business trends and make comparisons of long-term performance dif) Tj ET Q q 0 0 0 rg BT 439.61 106.10 Td (ficult,\(2\) sales from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td (discontinued products because discontinued products do not have a continuing contribution to operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (management believes that excluding such items provides investors with a means of evaluating our on-going operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.10 Td (and facilitates comparisons to our peers, and \(3\) the impact of currency translation because it is not under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (management) Tj ET Q q 0 0 0 rg BT 139.87 58.10 Td (s control, is subject to volatility and can obscure underlying business trends. ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 742.10 Td (ith respect to the FCF Measure, we exclude payments for additions to property) Tj ET Q q 0 0 0 rg BT 409.04 742.10 Td (, plant and equipment \(net of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (proceeds from capital disposals\) to demonstrate the amount of operating cash flow for the period that remains after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (accounting for the Company) Tj ET Q q 0 0 0 rg BT 202.91 718.10 Td (s capital expenditure requirements.) Tj ET Q endstream endobj 23 0 obj <> /View <>>>>> endobj 24 0 obj <> /View <>>>>> endobj 25 0 obj <> endobj 26 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;