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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. Forward-looking statements in this communication include the Company's expectations regarding net sales and adjusted EBITDA for the year ended December 31, 2024. Forward-looking statements are not guarantees of our future performance, are based on our current expectations and assumptions regarding our business, the economy and other future conditions, and are subject to risks, uncertainties and changes in circumstances that are difficult to predict, including the risks described in Part I, Item 1A under the heading Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2023 (the \"2023 Form 10-K. Factors that could cause future results to differ from those expressed by forward-looking statements include, but are not limited to, (i) our ability to maintain operations to support our customers and patients in the near-term and to capitalize on future growth opportunities, (ii) risks associated with acceptance of surgical products and procedures by surgeons and hospitals, (iii) development and acceptance of new products or product enhancements, (iv) clinical and statistical verification of the benefits achieved via the use of our products, (v) our ability to adequately manage inventory, (vi) our ability to recruit and retain management and key personnel, (vii) global economic instability and potential supply chain disruption caused by Russia's invasion of Ukraine and resulting sanctions, and (viii) the other risks and uncertainties more fully described in our periodic filings with the Securities and Exchange Commission (the \"SEC\"). As a result of these various risks, our actual outcomes and results may differ materially from those expressed in these forward-looking statements.\nThis 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 wrong (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 obligation 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, except as required by law.\nThe Company is unable to provide expectations of GAAP income (loss) before income taxes, the closest comparable GAAP measures to Adjusted EBITDA (which is a non-GAAP measure), on a forward-looking basis because the Company is unable to predict without unreasonable efforts the ultimate outcome of matters (including acquisition-related expenses, accounting fair value adjustments, and other such items) that will determine the quantitative amount of the items excluded in calculating Adjusted EBITDA, which items are further described in the reconciliation tables and related descriptions below. 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(3)", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:04:26.422+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b60d7a82-ceff-4bbf-85e0-4f4114723577", "parentComponentId": null }, { "bbox": { "h": 0.019, "w": 0.199, "x": 0.715, "y": 0.79 }, "kind": "paragraph", "text": "FY 2023 Adjusted Gross Margin (2)", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", 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Constant currency can be presented for numerous GAAP measures, but is commonly used by management to analyze net sales excluding the impact of changes in foreign currency rates.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Excluding the impact of these transactions, net sales growth was +7.4% on a pro forma constant currency basis for Total Orthofix and +5.8% for Spinal Implants, Biologics, and Enabling Technologies.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"kind": "image", "text": "Sea Spine", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:04:25.728+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "31a7d0ec-1193-4aa4-a519-0d5dee7472d3", "parentComponentId": null }, { "bbox": { "h": 0.029, "w": 0.13, "x": 0.71, "y": 0.94 }, "kind": "image", "text": "ORTHOFIX", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, 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"canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:04:32.232+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "33e5dbaa-de3c-44db-88aa-07e8fa138a3a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.105, "x": 0.85, "y": 0.94 }, "kind": "image", "text": "SeaSpine", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": 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All rights reserved | 21", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-01 23:04:32.232+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "75e6387a-5590-47b9-aa9a-7d28923b2b0c", "parentComponentId": null }, { "bbox": { "h": 0.459, "w": 0.95, "x": 0.044, "y": 0.25 }, "kind": "table", "text": "Proforma Historical Adjusted EBITDA ($ in millions) Q1 22 OFIX SPNE NewCo Q2 22 OFIX SPNE NewCo Q3 22 OFIX SPNE NewCo Q4 22 OFIX SPNE NewCo FY 2022 OFIX SPNE NewCo Loss before income taxes $ (4.389) $ (16.832) $ (21.221) $ 3.042 $ (15.094) $ (12.052) $ (9.372) $ (15.111) $ (24.483) $ (6.987) $ (20.287) $ (27.274) $ (17.706) $ (67.324) $ (85.030) Non-GAAP adjustments Interest expense, net $ 0.375 $ - $ 0.375 $ 0.407 $ 0.293 $ 0.700 $ 0.277 $ 0.149 $ 0.426 $ 0.229 $ 0.202 $ 0.431 $ 1.288 $ 0.644 $ 1.932 Depreciation and intangible asset amortization expense 7.516 4.202 11.718 6.512 4.295 10.807 7.570 4.341 11.911 7.421 4.349 11.770 29.019 17.187 46.206 Share-based compensation expense 4.332 2.819 7.151 4.460 3.701 8.161 4.728 3.652 8.380 4.923 3.412 8.335 18.443 13.584 32.027 Foreign exchange impact and other non-operating expense/(gain) 1.242 (0.002) 1.240 2.991 0.266 3.257 3.253 0.270 3.523 (4.195) (0.147) (4.342) 3.291 0.387 3.678 SeaSpine merger-related expenses 2.937 1.412 4.349 9.073 2.616 11.689 12.010 4.028 16.038 Strategic investments 0.970 0.372 1.342 1.824 (0.010) 1.814 0.455 0.016 0.471 0.771 (0.016) 0.755 4.020 0.362 4.382 Acquisition-related fair value adjustments (5.500) 0.125 (5.375) (10.714) 0.083 (10.631) 0.419 0.419 0.200 0.200 (15.595) 0.208 (15.387) Loss on investment securities 0.065 0.065 0.123 0.123 (0.001) (0.001) 0.001 0.001 0.188 0.188 Legal judgments/settlements 0.193 0.193 0.148 0.148 0.125 0.544 0.669 0.337 1.066 1.403 0.803 1.610 2.413 Medical device regulation 1.952 1.952 2.246 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All rights reserved | 22", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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