EX-99.2 3 d91602dex992.htm EX-99.2 EX-99.2

Exhibit 99.2 STIFEL 2020 VIRTUAL HEALTHCARE CONFERENCE November 16, 2020 0Exhibit 99.2 STIFEL 2020 VIRTUAL HEALTHCARE CONFERENCE November 16, 2020 0


DISCLAIMER This presentation and the accompanying oral presentation contains“forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained herein that are not of historical facts may be deemed to be forward-looking statements. In some cases, you can identify these statements by words such as such as“anticipates,”“believes,”“plans,”“expects,”“projects,”“future,”“intends,”“may,”“should,” “could,”“estimates,”“predicts,”“potential,”“continue,”“guidance,” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements include, but are not limited to, statements about our financial performance; the growth in demand for our systems and other products; and general economic conditions, including the global economic impact of COVID-19, involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and the industry in which we operate and management's beliefs and assumptions and are not guarantees of future performance or developments and involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. As a result, any or all of our forward- looking statements in this presentation may turn out to be inaccurate. Factors that could materially affect our business operations and financial performance and condition include, but are not limited to, those risks and uncertainties described under Part I Item 1A—“Risk Factors” in our most recent Annual Report on Form 10-K, Part II Item 1A—“RiskFactors” in our Form 10-Q for the quarter ended September 30, 2020, and in other documents the Company may file with the SEC. You are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. The forward- looking statements are based on information available to us as of the date of this presentation. Unless required by law, we do not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise. This presentation contains estimates and other statistical data made by independent parties relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. 1DISCLAIMER This presentation and the accompanying oral presentation contains“forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained herein that are not of historical facts may be deemed to be forward-looking statements. In some cases, you can identify these statements by words such as such as“anticipates,”“believes,”“plans,”“expects,”“projects,”“future,”“intends,”“may,”“should,” “could,”“estimates,”“predicts,”“potential,”“continue,”“guidance,” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements include, but are not limited to, statements about our financial performance; the growth in demand for our systems and other products; and general economic conditions, including the global economic impact of COVID-19, involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and the industry in which we operate and management's beliefs and assumptions and are not guarantees of future performance or developments and involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. As a result, any or all of our forward- looking statements in this presentation may turn out to be inaccurate. Factors that could materially affect our business operations and financial performance and condition include, but are not limited to, those risks and uncertainties described under Part I Item 1A—“Risk Factors” in our most recent Annual Report on Form 10-K, Part II Item 1A—“RiskFactors” in our Form 10-Q for the quarter ended September 30, 2020, and in other documents the Company may file with the SEC. You are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. The forward- looking statements are based on information available to us as of the date of this presentation. Unless required by law, we do not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise. This presentation contains estimates and other statistical data made by independent parties relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. 1


COMPANY HIGHLIGHTS Diversified product portfolio Leading player in global Leading device solution with 12 major platforms 1 minimally invasive/non-invasive provider in the $4.1B addressing major procedure medical aesthetics markets hair restoration market categories in our target markets Customer-centric Strong R&D capabilities with Global reach with business model that expertise in non-invasive, commercial presence in expands reach beyond energy-based technologies and 60+ countries including traditional aesthetic call robotics, AI, 3D pre-operative direct selling presence in points planning and software 25 global markets 1. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 2COMPANY HIGHLIGHTS Diversified product portfolio Leading player in global Leading device solution with 12 major platforms 1 minimally invasive/non-invasive provider in the $4.1B addressing major procedure medical aesthetics markets hair restoration market categories in our target markets Customer-centric Strong R&D capabilities with Global reach with business model that expertise in non-invasive, commercial presence in expands reach beyond energy-based technologies and 60+ countries including traditional aesthetic call robotics, AI, 3D pre-operative direct selling presence in points planning and software 25 global markets 1. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 2


SCALE & INFRASTRUCTURE POISED TO DRIVE GROWTH 4 $123.3M 2019 Total Revenue 3 12,854 Systems Shipped (2019) Technology Platforms 12 1 Employees 405 Global Sales and Marketing 170 2 Team Hybrid model of direct reps, independent Countries with Direct Sales 25 contractors and distribution partners 2 170 Direct Sales & Marketing Team ~35 VeroGrafters– (1099) Countries with Distributor Agreements 36 1. Includes employees 109 based in the United States, 74 based in Canada, 60 based in Israel, and 162 in the rest of the world as of November 1, 2020. 2. Includes direct sales representatives, sales management, marketing and members of the physician engagement team as of November 1, 2020. 3. Includes all units shipped in the year ended Dec 31, 2019. 4. Total revenue for the fiscal year 2019, giving effect to the merger as if it had closed on January 1, 2018, decreased 1% year-over-year, to $123.3 million, compared to total revenue, of $124.6 million for the fiscal year 2018, giving effect to the merger as it had closed on January 1, 2018. 3SCALE & INFRASTRUCTURE POISED TO DRIVE GROWTH 4 $123.3M 2019 Total Revenue 3 12,854 Systems Shipped (2019) Technology Platforms 12 1 Employees 405 Global Sales and Marketing 170 2 Team Hybrid model of direct reps, independent Countries with Direct Sales 25 contractors and distribution partners 2 170 Direct Sales & Marketing Team ~35 VeroGrafters– (1099) Countries with Distributor Agreements 36 1. Includes employees 109 based in the United States, 74 based in Canada, 60 based in Israel, and 162 in the rest of the world as of November 1, 2020. 2. Includes direct sales representatives, sales management, marketing and members of the physician engagement team as of November 1, 2020. 3. Includes all units shipped in the year ended Dec 31, 2019. 4. Total revenue for the fiscal year 2019, giving effect to the merger as if it had closed on January 1, 2018, decreased 1% year-over-year, to $123.3 million, compared to total revenue, of $124.6 million for the fiscal year 2018, giving effect to the merger as it had closed on January 1, 2018. 3


COMPELLING GLOBAL MARKET OPPORTUNITY Global Energy-Based Aesthetic Device Market $3.4B 1 Projected CAGR of 9.7% 2018-2023 Global Non-surgical, Non-injectable, • The market for aesthetic procedures is 2 2.7M Cosmetic Procedures in 2018 large, growing, global in scale, and comprised of both surgical and non- surgical procedures 3 Global Hair Restoration Market in 2016 $4.1B • Venus Concept technologies target more than 3 million procedures annually representing a potential global market opportunity of more than $7.5 billion. Global Surgical Hair Restoration Patients in ~597K 4 2016 1. Company Estimates based on data from Medical Insight reports: “Energy-Based Body Shaping & Skin Tightening”- August 2019; “Energy-Based Aesthetic Devices”- October 2019; “Energy-Based Feminine Rejuvenation”- March 2019). Projected growth CAGR calculation. based on weighted average of expected growth CAGRs per Medical Insights of: 6.1% for Energy-Based Aesthetic Devices and 12.7% for Energy-Based Body Shaping & Skin Tightening and 15.0% for Energy-Based Feminine Rejuvenation, respectively. 2. Company Estimates based on data from ISAPS 2018 Survey: Global Cosmetic Procedures (surgical and non-surgical) = 23.3 million; Global non-surgical cosmetic procedures = 12.7 million; injectable cosmetic procedures = 10.0 million. 4 3. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 4. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. Global surgical hair restoration patients = 597k in 2016, compared to ~217k patients in 2006, a 10.7% CAGR over the period.COMPELLING GLOBAL MARKET OPPORTUNITY Global Energy-Based Aesthetic Device Market $3.4B 1 Projected CAGR of 9.7% 2018-2023 Global Non-surgical, Non-injectable, • The market for aesthetic procedures is 2 2.7M Cosmetic Procedures in 2018 large, growing, global in scale, and comprised of both surgical and non- surgical procedures 3 Global Hair Restoration Market in 2016 $4.1B • Venus Concept technologies target more than 3 million procedures annually representing a potential global market opportunity of more than $7.5 billion. Global Surgical Hair Restoration Patients in ~597K 4 2016 1. Company Estimates based on data from Medical Insight reports: “Energy-Based Body Shaping & Skin Tightening”- August 2019; “Energy-Based Aesthetic Devices”- October 2019; “Energy-Based Feminine Rejuvenation”- March 2019). Projected growth CAGR calculation. based on weighted average of expected growth CAGRs per Medical Insights of: 6.1% for Energy-Based Aesthetic Devices and 12.7% for Energy-Based Body Shaping & Skin Tightening and 15.0% for Energy-Based Feminine Rejuvenation, respectively. 2. Company Estimates based on data from ISAPS 2018 Survey: Global Cosmetic Procedures (surgical and non-surgical) = 23.3 million; Global non-surgical cosmetic procedures = 12.7 million; injectable cosmetic procedures = 10.0 million. 4 3. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 4. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. Global surgical hair restoration patients = 597k in 2016, compared to ~217k patients in 2006, a 10.7% CAGR over the period.


DIFFERENTIATED CUSTOMER-CENTRIC APPROACH Subscription Model Reduced financial barriers to entry Reduced Reduced obsolescence risk Flexible Staffing Technology Requirements Upgrades (VeroGrafters) Increased reach to patients Leverage physician time and clinic infrastructure Practice Enhancement Services 5DIFFERENTIATED CUSTOMER-CENTRIC APPROACH Subscription Model Reduced financial barriers to entry Reduced Reduced obsolescence risk Flexible Staffing Technology Requirements Upgrades (VeroGrafters) Increased reach to patients Leverage physician time and clinic infrastructure Practice Enhancement Services 5


GLOBAL AESTHETIC PRODUCT PORTFOLIO 2014 2015 2016 2016 2017 2017 2018 2018 2019 2019 2019 2019 Venus Venus Viva Venus Versa Venus Venus Venus Fiore Venus Glow NeoGraft Venus Heal Venus Bliss ARTAS Epileve Viva MD (2020) Legacy Freeze Plus Velocity • Cellulite Reduction • Skin Rejuvenation• Vascular & • Rhytids & Fine • Diode Laser • N/A• Skin Rejuvenation • FUE hair transplant • Muscle Aches• Non-Invasive • Robotic • N/A Pigmented Lesions Lines• Hair Removal (Dermabrasion) procedure• & Pain Lipolysis of FUE hair transplant • Skin Rejuvenation Abdomen & procedure • Hair Removal Flanks • Cellulite Reduction • Cellulite Reduction • Wrinkle Reduction• Vascular & • Rhytids & Fine • Diode Laser • Vaginal • Skin Rejuvenation • FUE hair transplant • Muscle spasms • Skin Tightening• Robotic • Diode Laser • Skin Tightening Pigmented Lesions Lines• Hair Removal Rejuvenation (Dermabrasion) procedure• Back Pain• Circumferential FUE hair transplant • Hair Removal • Body Contouring• Skin Rejuvenation• Skin Tightening• Soft Tissue Injuries Reduction procedure • Hair Removal• Cellulite reduction • Body Contouring Issued / Pending U.S. Patent Issued / Pending Foreign 135 / 39 102 / 19 1 1 Applications Counterpart Patent Applications 6 1. As of December 30, 2019 Procedure(s)- Procedure(s)- US: Year Launched: OUS:GLOBAL AESTHETIC PRODUCT PORTFOLIO 2014 2015 2016 2016 2017 2017 2018 2018 2019 2019 2019 2019 Venus Venus Viva Venus Versa Venus Venus Venus Fiore Venus Glow NeoGraft Venus Heal Venus Bliss ARTAS Epileve Viva MD (2020) Legacy Freeze Plus Velocity • Cellulite Reduction • Skin Rejuvenation• Vascular & • Rhytids & Fine • Diode Laser • N/A• Skin Rejuvenation • FUE hair transplant • Muscle Aches• Non-Invasive • Robotic • N/A Pigmented Lesions Lines• Hair Removal (Dermabrasion) procedure• & Pain Lipolysis of FUE hair transplant • Skin Rejuvenation Abdomen & procedure • Hair Removal Flanks • Cellulite Reduction • Cellulite Reduction • Wrinkle Reduction• Vascular & • Rhytids & Fine • Diode Laser • Vaginal • Skin Rejuvenation • FUE hair transplant • Muscle spasms • Skin Tightening• Robotic • Diode Laser • Skin Tightening Pigmented Lesions Lines• Hair Removal Rejuvenation (Dermabrasion) procedure• Back Pain• Circumferential FUE hair transplant • Hair Removal • Body Contouring• Skin Rejuvenation• Skin Tightening• Soft Tissue Injuries Reduction procedure • Hair Removal• Cellulite reduction • Body Contouring Issued / Pending U.S. Patent Issued / Pending Foreign 135 / 39 102 / 19 1 1 Applications Counterpart Patent Applications 6 1. As of December 30, 2019 Procedure(s)- Procedure(s)- US: Year Launched: OUS:


1 NEWEST ENTRANT INTO THE $1.4B BODY CONTOURING MARKET Overview Key Features 2 Diode Laser with (MP) technology Fast, comfortable treatments Non-invasive lipolysis of the abdomen 2 3 and flanks Statistically significant clinical results Cellulite reduction No consumable cost Fat reduction and skin tightening in one device 3-year warranty 1. Medical Insights: “Energy-Based Body Shaping & Skin Tightening”- August 2019 2. In individuals with a Body Mass Index (BMI) of 30 or less 3. In a 60-patient clinical study done with the Venus Bliss device, all participants received a single diode laser treatment to either their flanks or abdomen. Based on the data review, subjects saw a statistically significant reduction in adipose layer 7 thickness as measured by ultrasound, 6- and 12-weeks following treatment. Greater than 90% of the subjects found the treatment to be comfortable and the majority were satisfied with the results.1 NEWEST ENTRANT INTO THE $1.4B BODY CONTOURING MARKET Overview Key Features 2 Diode Laser with (MP) technology Fast, comfortable treatments Non-invasive lipolysis of the abdomen 2 3 and flanks Statistically significant clinical results Cellulite reduction No consumable cost Fat reduction and skin tightening in one device 3-year warranty 1. Medical Insights: “Energy-Based Body Shaping & Skin Tightening”- August 2019 2. In individuals with a Body Mass Index (BMI) of 30 or less 3. In a 60-patient clinical study done with the Venus Bliss device, all participants received a single diode laser treatment to either their flanks or abdomen. Based on the data review, subjects saw a statistically significant reduction in adipose layer 7 thickness as measured by ultrasound, 6- and 12-weeks following treatment. Greater than 90% of the subjects found the treatment to be comfortable and the majority were satisfied with the results.


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Covid-19 Affect on The Usage of Venus Velocity Global Install Base Velocity Total Usage Oct 2019 - Oct 2020 (Global) 10500 9000 7500 Minimal Usage Mid March2020 -End of April2020 Due to Covid -19 6000 4500 3000 1500 0 9 Data Captured on Oct 26,2020 Total Daily Usage (min) 01/10/2019 27/10/2019 22/11/2019 18/12/2019 13/01/2020 08/02/2020 05/03/2020 31/03/2020 26/04/2020 22/05/2020 17/06/2020 13/07/2020 08/08/2020 03/09/2020 29/09/2020Covid-19 Affect on The Usage of Venus Velocity Global Install Base Velocity Total Usage Oct 2019 - Oct 2020 (Global) 10500 9000 7500 Minimal Usage Mid March2020 -End of April2020 Due to Covid -19 6000 4500 3000 1500 0 9 Data Captured on Oct 26,2020 Total Daily Usage (min) 01/10/2019 27/10/2019 22/11/2019 18/12/2019 13/01/2020 08/02/2020 05/03/2020 31/03/2020 26/04/2020 22/05/2020 17/06/2020 13/07/2020 08/08/2020 03/09/2020 29/09/2020


IoT Insights- Devices Utilization by Global Region- Sept. 2019 - Sept.2020 EMEA LATAM NA 1750 4000 1200 1400 3000 900 1050 2000 600 700 1000 300 350 0 0 0 10 Data Captured on Oct 26,2020 Avg.Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020 Avg. Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020 Avg. Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020IoT Insights- Devices Utilization by Global Region- Sept. 2019 - Sept.2020 EMEA LATAM NA 1750 4000 1200 1400 3000 900 1050 2000 600 700 1000 300 350 0 0 0 10 Data Captured on Oct 26,2020 Avg.Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020 Avg. Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020 Avg. Daily Usage (Min) Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 Sep2020


IoT Analytics - % of Global Venus Active Device Install Base April 2020 compared to September 2020 (Covid Effect & Recovery) 90% 7% APRI L SEPT EMBER 2020 2020 11 Data Captured on Oct 26,2020IoT Analytics - % of Global Venus Active Device Install Base April 2020 compared to September 2020 (Covid Effect & Recovery) 90% 7% APRI L SEPT EMBER 2020 2020 11 Data Captured on Oct 26,2020


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Bliss Non-Invasive Fat Reduction/Body Contouring - Compelling ROI for Clinics Avg. No. Of Weekly Tx. Laser Avg. weekly Revenue per clinic 3.14 $3,308.50 Avg. No. Of Weekly Tx. RF Avg. Time to ROI (Weeks) 5.31 36.27 13 Data Captured on November 12, 2020Bliss Non-Invasive Fat Reduction/Body Contouring - Compelling ROI for Clinics Avg. No. Of Weekly Tx. Laser Avg. weekly Revenue per clinic 3.14 $3,308.50 Avg. No. Of Weekly Tx. RF Avg. Time to ROI (Weeks) 5.31 36.27 13 Data Captured on November 12, 2020


COMPRENSIVE HAIR RESTORATION PORTFOLIO 1 DIFFERENTIATED SOLUTIONS SERVING THE $4.1 BILLION GLOBAL HAIR RESTORATION MARKET MECHANICAL FUE ROBOTIC FUE • Women • High volume cases • Curly hair • Faster & higher yield • Less shaving • Market differentiation with AI • Color blind (light & blond and robotic technology hairs) • Attract patients who want the • Lower volume cases newest robotic technology • Fine tuning of specific areas • Reduce human variability and of scalp (temples/temporal fatigue peaks, post face lift) TWO COMPLEMENTARY TECHNOLOGIES 14 1. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 14COMPRENSIVE HAIR RESTORATION PORTFOLIO 1 DIFFERENTIATED SOLUTIONS SERVING THE $4.1 BILLION GLOBAL HAIR RESTORATION MARKET MECHANICAL FUE ROBOTIC FUE • Women • High volume cases • Curly hair • Faster & higher yield • Less shaving • Market differentiation with AI • Color blind (light & blond and robotic technology hairs) • Attract patients who want the • Lower volume cases newest robotic technology • Fine tuning of specific areas • Reduce human variability and of scalp (temples/temporal fatigue peaks, post face lift) TWO COMPLEMENTARY TECHNOLOGIES 14 1. International Society of Hair Restoration Surgery (ISHRS): 2017 Practice Census Results Report. 14


RESULTS 15RESULTS 15


RESULTS Before After 16 Courtesy of Joseph Hunstad, MD: Bill Kortesis, MDRESULTS Before After 16 Courtesy of Joseph Hunstad, MD: Bill Kortesis, MD


VeroBotics Development Update Implantation Update • Product Improvements: • Launching product upgrades and new accessories that improve repeatability and workflow • New software has speed and repeatability improvements • Commercial Re-launch: • Training Focus Sites in implantation • Build clinical experience / data • Dr. Chumak presentation on Robotic Implantation at ISHRS Meeting • White paper – implantation case series • Next Development Projects – workflow improvements • Cartridge improvements – easier to load, higher capacity, faster workflow • Implant mechanism upgrades – higher capacity, improved geometry and usabilityVeroBotics Development Update Implantation Update • Product Improvements: • Launching product upgrades and new accessories that improve repeatability and workflow • New software has speed and repeatability improvements • Commercial Re-launch: • Training Focus Sites in implantation • Build clinical experience / data • Dr. Chumak presentation on Robotic Implantation at ISHRS Meeting • White paper – implantation case series • Next Development Projects – workflow improvements • Cartridge improvements – easier to load, higher capacity, faster workflow • Implant mechanism upgrades – higher capacity, improved geometry and usability


RoboCor / InjectoBot Animal Studies: • Confirmed directional skin tightening effect with micro-coring and compressive wound dressing • Compared different core removal and compression methods • Understanding healing histology and biologic requirements to achieve rapid, scar-less healing In House Study • Tested coring device behind ear and on upper arm • Advanced our understanding of core removal in human skin Next: • IRB studies to continue in-vivo research and development • Finalize coring methods and parameters • Adjunctive energy-based wound healing modalitiesRoboCor / InjectoBot Animal Studies: • Confirmed directional skin tightening effect with micro-coring and compressive wound dressing • Compared different core removal and compression methods • Understanding healing histology and biologic requirements to achieve rapid, scar-less healing In House Study • Tested coring device behind ear and on upper arm • Advanced our understanding of core removal in human skin Next: • IRB studies to continue in-vivo research and development • Finalize coring methods and parameters • Adjunctive energy-based wound healing modalities


Enabling Technologies Machine Vision and Perception for Skin • Current ARTAS machine vision capabilities provide very high accuracy and repeatability • New modalities like HF Ultrasound, confocal microscopy can provide for higher resolution and intra-dermal imaging Machine Learning and AI • Teach recognition of important dermatologic features • Integrate data from diagnostics, patient data, doctor input • Personalized treatment plans or patients Increased Robotic Automation • Image-guided robotics provide precision and repeatability to significantly reduce treatment delivery variability in many procedures • Contact-less delivery – workflow improvements, ability to delegateEnabling Technologies Machine Vision and Perception for Skin • Current ARTAS machine vision capabilities provide very high accuracy and repeatability • New modalities like HF Ultrasound, confocal microscopy can provide for higher resolution and intra-dermal imaging Machine Learning and AI • Teach recognition of important dermatologic features • Integrate data from diagnostics, patient data, doctor input • Personalized treatment plans or patients Increased Robotic Automation • Image-guided robotics provide precision and repeatability to significantly reduce treatment delivery variability in many procedures • Contact-less delivery – workflow improvements, ability to delegate


KOL Feedback and Learnings Overall ideas on future of advanced tech in aesthetics: Machine Vision, AI, Robotics • Acceptance of the eventuality of robotics in aesthetics • Excited about the new capabilities in increased visualization capabilities, precision execution and new approaches Where they see robotic tech adding value to drive sustained commercial viability • Differentiated product for core physicians in a somewhat commoditized market • Personalized treatment plans for patients • Adding precision & repeatability leading to better treatment, fewer adverse events. • Ability to micro-dose, micro-needle, micro-core – manipulate tissue at the sub-millimeter level • No touch delivery of accurate and consistent treatments – ability to delegate • Ability of vision system to be able to provide real time diagnostics and objective results • Significant reduction in operator fatigue • Ability to market new robotic technology to patientsKOL Feedback and Learnings Overall ideas on future of advanced tech in aesthetics: Machine Vision, AI, Robotics • Acceptance of the eventuality of robotics in aesthetics • Excited about the new capabilities in increased visualization capabilities, precision execution and new approaches Where they see robotic tech adding value to drive sustained commercial viability • Differentiated product for core physicians in a somewhat commoditized market • Personalized treatment plans for patients • Adding precision & repeatability leading to better treatment, fewer adverse events. • Ability to micro-dose, micro-needle, micro-core – manipulate tissue at the sub-millimeter level • No touch delivery of accurate and consistent treatments – ability to delegate • Ability of vision system to be able to provide real time diagnostics and objective results • Significant reduction in operator fatigue • Ability to market new robotic technology to patients


FINANCIAL INFORMATION Q3 2020 and YTD 2020 Venus Concept Inc. Balance Sheet Summary: Supplemental Financial Information - Revenue by Geographic Area (as of September 30, 2020) Three months ended Nine months ended September 30, Increase / (decrease) September 30, Increase / (decrease) Cash: $12.8 million (Dollars in millions) 2020 2021 $ % 2020 2021 $ % United States $ 7.8 $ 10.1 $ ( 2.3) ( 23.1) % $ 22.3 $ 31.3 $ (9.0) (28.7) % Debt: $74.5 million International 12.9 16.0 ( 3.1) (19.6) % 29.8 47.2 ( 17.4) (36.8) % • Madryn Long-term debt: $66.5 Total $ 20.7 $ 26.2 $ ( 5.5) ( 20.9) % $ 52.2 $ 78.6 $ (26.4) (33.6) % million • 9% no PIK Venus Concept Inc. • Bullet payment in Supplemental Financial Information - Revenue by Type September 2022 Three months ended Nine months ended • City National Bank of Florida: September 30, Increase / (decrease) September 30, Increase / (decrease) $3.9 million (Dollars in millions) 2020 2021 $ % 2020 2021 $ % • $10.0 million facility Lease revenue $ 9.4 $ 16.4 $ ( 7.0) (42.6) % $ 23.7 $ 48.8 $ ( 25.1) ( 51.4) % System revenue 7.5 7.1 0.4 5.6 % 17.8 21.2 (3.4) (16.2) %• LIBOR + 3.25% Product revenue 2.6 1.2 1.5 125.4 % 7.1 4.1 3.0 73.3 % • Government assistance loan: Service revenue 1.1 1.5 (0.3) (23.4) % 3.6 4.4 ( 0.9) (19.2) % $4.1 million Total $ 20.7 $ 26.2 $ (5.5) (20.9) % $ 52.2 $ 78.6 $ ( 26.4) ( 33.6) % 21FINANCIAL INFORMATION Q3 2020 and YTD 2020 Venus Concept Inc. Balance Sheet Summary: Supplemental Financial Information - Revenue by Geographic Area (as of September 30, 2020) Three months ended Nine months ended September 30, Increase / (decrease) September 30, Increase / (decrease) Cash: $12.8 million (Dollars in millions) 2020 2021 $ % 2020 2021 $ % United States $ 7.8 $ 10.1 $ ( 2.3) ( 23.1) % $ 22.3 $ 31.3 $ (9.0) (28.7) % Debt: $74.5 million International 12.9 16.0 ( 3.1) (19.6) % 29.8 47.2 ( 17.4) (36.8) % • Madryn Long-term debt: $66.5 Total $ 20.7 $ 26.2 $ ( 5.5) ( 20.9) % $ 52.2 $ 78.6 $ (26.4) (33.6) % million • 9% no PIK Venus Concept Inc. • Bullet payment in Supplemental Financial Information - Revenue by Type September 2022 Three months ended Nine months ended • City National Bank of Florida: September 30, Increase / (decrease) September 30, Increase / (decrease) $3.9 million (Dollars in millions) 2020 2021 $ % 2020 2021 $ % • $10.0 million facility Lease revenue $ 9.4 $ 16.4 $ ( 7.0) (42.6) % $ 23.7 $ 48.8 $ ( 25.1) ( 51.4) % System revenue 7.5 7.1 0.4 5.6 % 17.8 21.2 (3.4) (16.2) %• LIBOR + 3.25% Product revenue 2.6 1.2 1.5 125.4 % 7.1 4.1 3.0 73.3 % • Government assistance loan: Service revenue 1.1 1.5 (0.3) (23.4) % 3.6 4.4 ( 0.9) (19.2) % $4.1 million Total $ 20.7 $ 26.2 $ (5.5) (20.9) % $ 52.2 $ 78.6 $ ( 26.4) ( 33.6) % 21


FINANCIAL INFORMATION Q3’2020 and YTD 2020 Three Months Nine Months Ended September 30 Ended September 30 2020 2019 2020 2019 Consolidated Statements of Loss: (dollars in thousands) (dollars in thousands) Revenues: Leases $ 9,431 $ 16,427 $ 23,709 $ 48,812 Products and services 11,249 9,727 28,475 29,740 Total revenue 20,680 26,154 52,184 78,552 Cost of goods sold 7,177 7,386 17,504 21,645 Gross profit 13,503 18,768 34,680 56,907 Operating expenses: Sales and marketing 5,657 9,201 18,813 28,983 General and administrative 11,291 14,445 40,442 34,637 Research and development 1,849 1,686 6,043 5,667 Goodwill impairment — — 27,450 — Total operating expenses 18,797 25,332 92,748 69,287 Loss from operations (5,294 ) (6,564 ) (58,068 ) (12,380 ) Other expenses: Foreign exchange loss 1,096 396 4,209 409 Finance expenses 1,897 2,097 6,522 5,904 Loss before income taxes (8,287 ) (9,057 ) (68,799 ) (18,693 ) Income tax (benefit) expense (966 ) (80 ) (1,010 ) 867 Net loss $ (7,321 ) $ (8,977 ) $ (67,789 ) $ (19,560 ) Three Months Nine Months Ended September 30 Ended September 30 2020 2019 2020 2019 Reconciliation of net loss to Adjusted EBITDA (in thousands) (in thousands) Net loss $ (7,321 ) $ (8,977 ) $ (67,789 ) $ (19,560 ) Foreign exchange loss 1,096 396 4,209 409 Finance expenses 1,897 2,097 6,522 5,904 Income tax expense (benefit) (966 ) (80 ) (1,010 ) 867 Depreciation and amortization 1,181 329 3,695 1,064 Stock-based compensation expense 547 313 1,603 1,732 Goodwill impairment charge — — 27,450 — Other adjustments (1) 2,178 5,950 7,572 8,600 Adjusted EBITDA $ (1,388 ) $ 28 $ (17,748 ) $ (984 ) 22 FINANCIAL INFORMATION Q3’2020 and YTD 2020 Three Months Nine Months Ended September 30 Ended September 30 2020 2019 2020 2019 Consolidated Statements of Loss: (dollars in thousands) (dollars in thousands) Revenues: Leases $ 9,431 $ 16,427 $ 23,709 $ 48,812 Products and services 11,249 9,727 28,475 29,740 Total revenue 20,680 26,154 52,184 78,552 Cost of goods sold 7,177 7,386 17,504 21,645 Gross profit 13,503 18,768 34,680 56,907 Operating expenses: Sales and marketing 5,657 9,201 18,813 28,983 General and administrative 11,291 14,445 40,442 34,637 Research and development 1,849 1,686 6,043 5,667 Goodwill impairment — — 27,450 — Total operating expenses 18,797 25,332 92,748 69,287 Loss from operations (5,294 ) (6,564 ) (58,068 ) (12,380 ) Other expenses: Foreign exchange loss 1,096 396 4,209 409 Finance expenses 1,897 2,097 6,522 5,904 Loss before income taxes (8,287 ) (9,057 ) (68,799 ) (18,693 ) Income tax (benefit) expense (966 ) (80 ) (1,010 ) 867 Net loss $ (7,321 ) $ (8,977 ) $ (67,789 ) $ (19,560 ) Three Months Nine Months Ended September 30 Ended September 30 2020 2019 2020 2019 Reconciliation of net loss to Adjusted EBITDA (in thousands) (in thousands) Net loss $ (7,321 ) $ (8,977 ) $ (67,789 ) $ (19,560 ) Foreign exchange loss 1,096 396 4,209 409 Finance expenses 1,897 2,097 6,522 5,904 Income tax expense (benefit) (966 ) (80 ) (1,010 ) 867 Depreciation and amortization 1,181 329 3,695 1,064 Stock-based compensation expense 547 313 1,603 1,732 Goodwill impairment charge — — 27,450 — Other adjustments (1) 2,178 5,950 7,572 8,600 Adjusted EBITDA $ (1,388 ) $ 28 $ (17,748 ) $ (984 ) 22