Medical Action is a leading global manufacturer and supplier of high quality single use / disposable medical products Market leadership in many of our key product lines
35 year reputation for superior value, quality and service
Publicly traded on NASDAQ since 1984
Net Sales approaching $450 million
Nearly 1,500 employees
Strong history of acquisition-related and organic growth
After many years of significant growth and profitability, we have experienced some challenges in the last two years
Medical Action has established a Strategic Plan of Action to return to profitability
Medical Action has a history of solid top line growth performance …
We know how to be profitable, 10 of the past 13 fiscal years had Operating Margins above 8%
Operational Turnaround has occurred Split into SBU structure has been key to drive accountability and focus – very successful to date
Shown continuous operational improvements since 4Q2012 in Operating Income and Debt reduction
In 3Q2013, expect to begin experiencing the previously mentioned benefits from raw materials reductions and the newly implemented cost savings initiatives
Becoming a Significant , established and successful player in large and growing market.
Aging population expected to increase utilization
Increased use of disposable medical supplies and devices
Corporate initiatives - Focus on Improving Core Operations Sales force effectiveness and discipline
Cost and expense management
Production planning and efficiencies, including raw materials management
Continue Measured Growth Opportunities Leverage our broad national footprint to deepen our relationships with our best customers
Increase profitable “share of wallet”
Rationalizing the Business Fix low margin or underperforming product offerings
Create a culture of performance measurement and accountability
Large Addressable Market $307+ billion global medical device market, going to nearly $350 billion by 2016 1
$105+ billion U.S. medical device market 2
$38 billion U.S. disposable medical supplies market, growing to over $46 billion by 2016 3
Key Growth Drivers Aging population, increasingly with chronic conditions Healthcare infrastructure is stressed already
Growing shortage of Registered Nurses
Penalties to be levied for Hospital Acquired Conditions (“HACs”)
Increased use of disposables Infection prevention
Time management
Cost controls
Improve patient outcomes