Baxter Hillrom Acquisition Presentation
Baxter long-term standalone financial outlook¹
2021 - 2024
Financial Outlook
Sales Growth²
CAGR
BAX Standalone
Outlook
4%-5%
Adjusted Operating
Margin Expansion
50+ bps annually
300+ bps 2021-2024
Adjusted Diluted EPS
Low Double Digits
CAGR
Free Cash Flow
Conversion3
80%+
Baxter standalone outlook does not assume any impact from the proposed transaction
Baxter
¹Non-GAAP financial measures referenced in this slide, which are presented on a standalone basis for Baxter, include constant currency sales growth, adjusted operating margin expansion, adjusted diluted EPS CAGR,
and free cash flow conversion. Further discussion of Non-GAAP financial measures and reconciliations to comparable U.S. GAAP measures can be found herein and are available at www.baxter.com. 2Assumes current
foreign exchange rates. ³Operating cash flow less capital expenditures divided by adjusted net income.
HI Hillrom 15View entire presentation