EX-99.2 3 a53878895ex99_2.htm EXHIBIT 99.2
Exhibit 99.2

 J.P. Morgan42nd Healthcare Conference  Prahlad Singh  Chief Executive Officer  January 9, 2024 
 

 Safe Harbor  This presentation contains "forward-looking" statements which are statements relating to future events. These statements include those relating to estimates and projections of future earnings per share, cash flow and revenue growth and other financial results, developments relating to our customers and end-markets, and plans concerning business development opportunities.  Words such as "believes," "intends," "anticipates," "plans," "expects," "projects," "forecasts," "will" and similar expressions, and references to guidance, are intended to identify forward-looking statements.  Such statements are based on management's current assumptions and expectations and no assurances can be given that our assumptions or expectations will prove to be correct.  A number of important risk factors could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements. A detailed description of these risk factors can be found under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q and in our other filings with the Securities and Exchange Commission.  We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this presentation.  Guidance for future periods is provided on a non-GAAP basis and cannot be reconciled to the closest GAAP measures without unreasonable effort due to the unpredictability of the amounts and timing of events affecting the items the Company excludes from these non-GAAP measures.  The timing and amounts of such events and items could be material to the Company’s results prepared in accordance with GAAP.   2 
 

 Revolutionizing human health at an accelerated [rev] speed  Embracing the impossible to improve lives [vita]  Revvity is a company which powers new possibilities for the future of human health  3  3 
 

 Our company profile: global scale with differentiated positioning  Consumables, Services, Software  ~80%  Instruments  ~20%  Diagnostics  Life Sciences  2023E Non-Covid Revenue Mix  ~44%  AMERICAS  ~27%  EMEA  ~29%  APAC  4  ~47%  ~53%  ~$2.7B  Expanding the boundaries of human potential through science  Note: Based on guidance provided October 30, 2023 
 

 Reagents (antibodies, oligos) for biomarker analysis  Flow-based assays  Cell and gene therapy  Single-cell applications  Pre-clinical imaging  Cellular analysis  Detection instrumentation  Pioneering innovation to propel our life sciences customers’ R&D efforts  Robust solutions, through our Revvity Signals platform, for research and clinical informatics  $0.4B  Instruments  Life Sciences at-a-glance  5  ~$1.3B  2023E Revenue  $20B+  Total Addressable Market  $0.7B  Reagents, Assays, & Services  $0.2B  Software  Select brands and products  Oligos  Flow Cytometry  In Vivo Imaging   High-Content Screening   Automated Cell Counter  Note: Based on guidance provided October 30, 2023  Viral Vectors & Genetic Material  
 

 Diagnostics at-a-glance  6  ~$1.4B  2023E Revenue  $35B+  Total Addressable Market  Leading franchises dedicated to advancing human health  Newborn screening  Maternal and fetal health  Cord-blood banking  Global laboratory footprint  Autoimmune  Allergy  Infectious disease (e.g., TB)  Robust ‘omics sample prep portfolio  Liquid handling   Nucleic acid extraction  $0.7B  ImmunoDx  $0.5B  Reproductive Health  $0.2B  Applied  Genomics  Prenatal Screening Platform  Newborn Screening System  Auto-immune Assays  Infectious Disease Assays  Nucleic Acid Extraction  Automated NGS Library Prep  Maternal & Fetal Health Assays  Note: Based on guidance provided October 30, 2023  Select brands and products  NGS Assays 
 

 DISCOVER & DEVELOP  DIAGNOSE  Bringing it all together: powering innovation from Research to Reality  7  Screening  Diagnostics  Monitoring  Helping scientists to discover more and translate faster  Enabling labs to help physicians guide patient treatment  Clinical Development  Drug Discovery  Basic Research  Providing leading capabilities that facilitate decision making between research and clinical customers 
 

 Revvity’s Differentiation  8 
 

 Differentiating through our…  9  Positioning  Approach  Products 
 

 Pre-clinical innovation  Global genomic labs  Cutting-edge clinical   diagnostics  GMP manufacturing  Our approach: serving our customers as a strategic partner  10  Strategic partner for…  pin-point-base-editing-platform-presentation-v2.pdf (horizondiscovery.com)  Multiple Customer Access Points  Partnership Spotlight: PIN-POINTTM BASE EDITING TECHNOLOGY   Products   Licensing  Services  Launched reagents to enable technology evaluations and improve functional insights  Pre-clinical  Sep 2023  Clinical  May 2023  Executed first clinical licensing agreement with AstraZeneca for oncology and immune-related diseases 
 

 Cutting-edge, high-value products which provide differentiated capabilities for customers  Our products: specialized offerings that foster scientific innovation and positively impact human health  11  Product Spotlights  Enhanced Imaging Portfolio  Quantum GX3 microCT imaging solution  Proteogenomics & Multiomics Reagents  TotalSeqTM  Automated Indirect Immunofluorescence Testing   Automated Newborn Screening Workflow  Scientific Data Management & Workflow Platform  Research Platform  Autoimmune Testing Menu  UNIQO 160  EonisTM Q System 
 

 Our positioning: unique portfolio will continue to foster growth and drive attractive profitability profile  12  Strategic scientific partnerships with Pharma/Biotech across the Revvity portfolio to drive additional upside vs. underlying market growth  60%  Strong recurring revenue​ mix with accretive margin profiles  Cutting-edge scientific innovation drives strong competitive positioning  ImmunoDx  LS Reagents  Software  9-11%  25%  Differentiated, complementary pre-clinical platforms  Complete NGS solutions   LS Instrumentation  Applied Genomics  3-5%  15%  Cash flow generation to support continued investment​  Growth outperforming global birth rates  Reproductive  Health  2-4%  % of Total ‘23E Revenue ($2.7B)  Growth Profile  Note: Based on guidance provided October 30, 2023  Portfolio Solutions Included  Positioning 
 

 Current 2023E Guidance assumes +MSD organic growth in China  Our positioning: unique revenue mix in China drives differentiated performance  13  $2.7B  Total ‘23E Revenue  China  Our China exposure  ~40%  Life Sciences  ~60%  Diagnostics  Strong recovery driven by ~70% of Dx revenue from specialized ImmunoDx (e.g., autoimmune, allergy, latent TB) and ~90% from consumables  Recurring revenue now represents >50% of Life Sciences revenue, consisting of reagents and consumables  Note: Based on guidance provided October 30, 2023 
 

 Looking Ahead  14 
 

 Key focus areas in 2024   Driving cross-company innovation & building on core growth accelerators   Capturing cost efficiencies and commercial and operational synergies through sound execution  Strategically deploying capital organically and inorganically   INVESTMENT   INNOVATION   EFFICIENCY  15  Despite uncertain demand environments…  …carrying momentum into Revvity’s 2nd year 
 

 Differentiated long-term outlook through economic cycles  16  Our outlook for 2025 and beyond:  Organic Growth  200 bps above market   normal market environment assumed to be 4-6% growth  Operating Margin Expansion  75  bps / year  Adj. EPS Growth  DD  growth  Formal 2024 guidance to be provided on our upcoming 4Q23 earnings call