Perrigo Presentation
University of Illinois
April 9, 2014
127 years old and still growing Organic growth top and bottom line Reinventing ourselves with new segments and disciplined acquisitions 2
A 127-year History of Quality
Affordable Healthcare Products®
Unico
Holdings
1887
1921
2005
2006
2007
2008
2010
2011
2012
2013
2014
Introduction of
“private label”
3
Growth & Achievements
Since 2009*
Focused on Operational Excellence / Five Pillars
Adj. gross margin expansion of
179%
Revenue growth of 106% to >$4B
Cash flow from operations growth of 171% to $700M
SKUs growth of
50% from
12,000 to 18,000
*Figures represent FY2009 data compared to the midpoint of 2014 guidance
Adjusted operating income growth of 259%
4
Strong Consistent Growth…
Balanced Combination of Organic and Inorganic Contribution
$3.5
4
Contribution to
PRGO CAGR
(2005-13)
$1.8
Inorganic 8%
Organic 8%
$3.2
$2.8
3
Total sales ($B)
$2.3
$2.0
$1.7
2
$1.0
1
$1.4
$1.4
$0.4
$0.6
$0.8
$1.5
$1.2
$0.4
$0.1
$0.5
$1.3
$1.5
$1.6
$1.6
$1.7
$1.8
$0.9
$1.0
$1.0
2005
2006
2007
2008
2009
2010
2011
2012
2013
9%
9%
9%
14%
15%
18%
20%
22%
23%
0
Adj. Operating
Margin*:
Total 16%
>1,400 BPS Expansion
*See Appendix for reconciliation of adjusted operating margin to GAAP
Note: Organic sales exclude the effects of acquisitions; acquisitions and their subsequent growth remain in inorganic sales in years following the acquisition; Adj. operating margin data prior to FY07 may not be comparable to succeeding years due to recasting of financials
5
Stock Performance
F O C U S O N AD J U S T E D G R O S S AN D O P E R ATI N G M AR G I N * E X PAN S I O N
1H:FY14
Rev. 5-Year CAGR 14%
FY13
$180
Rev. 5-Year CAGR 15%
FY11
$160
Rev. 5-Year CAGR 15%
FY09
$140
April 9, 2014
127 years old and still growing Organic growth top and bottom line Reinventing ourselves with new segments and disciplined acquisitions 2
A 127-year History of Quality
Affordable Healthcare Products®
Unico
Holdings
1887
1921
2005
2006
2007
2008
2010
2011
2012
2013
2014
Introduction of
“private label”
3
Growth & Achievements
Since 2009*
Focused on Operational Excellence / Five Pillars
Adj. gross margin expansion of
179%
Revenue growth of 106% to >$4B
Cash flow from operations growth of 171% to $700M
SKUs growth of
50% from
12,000 to 18,000
*Figures represent FY2009 data compared to the midpoint of 2014 guidance
Adjusted operating income growth of 259%
4
Strong Consistent Growth…
Balanced Combination of Organic and Inorganic Contribution
$3.5
4
Contribution to
PRGO CAGR
(2005-13)
$1.8
Inorganic 8%
Organic 8%
$3.2
$2.8
3
Total sales ($B)
$2.3
$2.0
$1.7
2
$1.0
1
$1.4
$1.4
$0.4
$0.6
$0.8
$1.5
$1.2
$0.4
$0.1
$0.5
$1.3
$1.5
$1.6
$1.6
$1.7
$1.8
$0.9
$1.0
$1.0
2005
2006
2007
2008
2009
2010
2011
2012
2013
9%
9%
9%
14%
15%
18%
20%
22%
23%
0
Adj. Operating
Margin*:
Total 16%
>1,400 BPS Expansion
*See Appendix for reconciliation of adjusted operating margin to GAAP
Note: Organic sales exclude the effects of acquisitions; acquisitions and their subsequent growth remain in inorganic sales in years following the acquisition; Adj. operating margin data prior to FY07 may not be comparable to succeeding years due to recasting of financials
5
Stock Performance
F O C U S O N AD J U S T E D G R O S S AN D O P E R ATI N G M AR G I N * E X PAN S I O N
1H:FY14
Rev. 5-Year CAGR 14%
FY13
$180
Rev. 5-Year CAGR 15%
FY11
$160
Rev. 5-Year CAGR 15%
FY09
$140