{ "docId": "019dd923-5e88-73ef-bd5b-0b91e1ee6a0d", "docSlug": "b55f29c98435fd8f", "documentTitle": "J.P. Morgan Healthcare Conference 2025", "authorId": "JPMorgan", "authorName": "Boston Scientific", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 4, "pageCount": 21, "prevPage": 3, "nextPage": 5, "slideType": "appendix_disclosure", "function": "other", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text", "paragraph", "logo_grid" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd5b-0b91e1ee6a0d/4", "deckHref": "/decks/019dd923-5e88-73ef-bd5b-0b91e1ee6a0d", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-0b91e1ee6a0d.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-0b91e1ee6a0d#slide-4", "components": [ { "bbox": { "h": 0.11, "w": 0.91, "x": 0.045, "y": 0.76 }, "kind": "paragraph", "text": "Operational Structure: We have aggregated our core businesses into two reportable segments: MedSurg and Cardiovascular, each of which generates revenues from the sale of medical devices. There are three operating segments within MedSurg: Endoscopy, Urology and Neuromodulation and two within Cardiovascular: Cardiology and Peripheral Interventions. There are 8 business units within our operating segments. With the exception of Cardiology, each of our operating segments also represents a business unit. In addition, our Cardiology operating segment is comprised of the following four business units: Interventional Cardiology Therapies, Watchman, Cardiac Rhythm Management and Electrophysiology.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5cde0c6f-bc2c-4046-a890-3c304c36913f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.91, "x": 0.045, "y": 0.44 }, "kind": "paragraph", "text": "All revenue growth rates are operational unless otherwise noted. Operational net sales growth is a non-GAAP measure that excludes the impact of foreign currency fluctuations. Organic net sales growth is a non-GAAP measure that excludes the impact of foreign currency fluctuations and net sales attributable to acquisitions and divestitures for which there are less than a full period of comparable net sales.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6e87c33a-b947-4a8c-a970-48cf16a60d56", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.91, "x": 0.045, "y": 0.53 }, "kind": "paragraph", "text": "Adjusted operating margin, adjusted earnings per share (EPS) and related growth rates are non-GAAP measures that exclude the impacts of certain charges (credits) which may include amortization expense, goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), investment portfolio net losses (gains) and impairments, restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits), EU MDR implementation costs, debt extinguishment net charges, deferred tax expenses (benefits) and discrete tax items.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "79597084-a4e8-4546-b564-4ca1ba3fa70e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.91, "x": 0.045, "y": 0.285 }, "kind": "paragraph", "text": "Non-GAAP Financial Measures: This presentation contains non-generally accepted accounting principles in the United States (GAAP) measures (denoted with *) in talking about our Company's performance. These non-GAAP financial measures are not in accordance with U.S. GAAP and should not be considered in isolation from or as a replacement for the most directly comparable GAAP financial measures. Further, other companies may calculate these non-GAAP financial measures differently than we do, which may limit the usefulness of those measures for comparative purposes. The reconciliations of those non-GAAP measures to their most comparable GAAP measures are contained within this document including appendices attached to the end of this presentation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "85a71e36-c5f3-49a7-a60b-f91ba42cce6e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.91, "x": 0.045, "y": 0.71 }, "kind": "paragraph", "text": "Estimates of future financial performance represent the Company's long-term goals and are not intended as guidance. See slide 2, \"Safe harbor for forward-looking statements.\"", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b32fe03f-8f1d-4ae8-97c2-675972f7058a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.91, "x": 0.045, "y": 0.89 }, "kind": "paragraph", "text": "Use of Document: Amounts reported in millions within this presentation are computed based on the amounts in thousands. As a result, the sum of the components reported in millions may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying unrounded amounts.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b9b1af07-de1b-48ea-a9b5-6139280ddd1a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.91, "x": 0.045, "y": 0.65 }, "kind": "paragraph", "text": "Free cash flow (FCF) is a non-GAAP measure calculated as operating cash flows less net purchases of property, plant, and equipment and internal use software. A reconciliation of FCF to operating cash flows, the most directly comparable GAAP financial measure, is contained in appendices attached to the end of this presentation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c1d5f4d8-a48d-440b-990a-63e3245c5569", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.91, "x": 0.045, "y": 0.215 }, "kind": "paragraph", "text": "Market Estimates: Unless noted otherwise, all references to market sizes, market share positions, and market growth rates are BSX internal estimates.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d6dbfcaa-7ba2-48a7-a678-852341560e6c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.065, "w": 0.476, "x": 0.107, "y": 0.055 }, "kind": "title", "text": "Financial disclaimers", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "85cc7614-c633-4589-be92-c0fbb07b6d72", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Annotation", "slug": "annotation", "agent": "Designer", "layer": "slide", "matchId": "8bb6a2b0-58f1-4ec7-9d70-3c40ac7d0f51", "evidence": "paragraph/paragraph: Non-GAAP Financial Measures: This presentation contains non-generally accepted accounting principles in the United States (GAAP) measures (denoted with *) in talking about our Company's performance.", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }