St. Jude Medical — Merger or Acquisition (October 2005)
20 slides from St. Jude Medical's merger presentation, Oct 17, 2005
Slide 1: St. Jude Medical to Acquire Advanced Neuromodulation Systems
St. Jude Medical to Acquire Advanced Neuromodulation Systems Establishing a Complementary Platform for Growth Webcast Presentation October 17, 2005 Contra TANS
Slide 2: Forward Looking Statement and Additional Information
Any statements made regarding the proposed transaction between St. Jude Medical, Inc. and Advanced Neuromodulation ‘Systems, inc., the expected timetable for completing the transaction, successful integration of the business, benefits of the ‘transaction, potential clinical success, regulatory appro
Slide 3: Transaction Highlights
Transaction Highlights Dan Starks Chairman, President & Chief Executive Officer @ ST. JUDE MEDICAL | ANS
Slide 4: Complementary growth platform
¥ v Complementary growth platform ~ Natural expansion of St. Jude Medical implantable microelectronics technology Diversifies St. Jude Medical's long-term growth drivers. — Immediate scale in $1 billion plus neuromodulation marketplace Upside opportunities in large, underpenetrated markets - Extensi
Slide 5: Financial Highlights
Financial Highlights Executive Vice President & Chief Financial Officer @ ST. JUDE MEDICAL
Slide 6: Transaction terms
I «2 Pconscecton P esinaes cosy | eS @ ST. JUDE MEDICAL
Slide 7: Adds at least percentage points of growth to St. Jude Medical in 2006
Adds at least 5 percentage points of growth to St. Jude Medical in 2006 Accretive to EPS in 2007 Neutral to consensus earnings expectations ‘in 2006 Positive effect on gross margins
Slide 8: $500 million cash on hand
+ $500 million cash on hand * $1 billion available under existing bank credit facilities @ ST. JUDE MEDICAL
Slide 9: ANS Overview
ANS Overview Chris Chavez ANS President & Chief Executive Officer @ ST. JUDE MEDICAL
Slide 10: $1 billion plus market today
$1 billion plus market today — Spinal cord stimulation is largest current market. Growing 20+% annually. Drivers include: — Technology advancements - size of device, longevity of power source, enhanced programmability ‘Market awareness and acceptability = Growing patient population — Recent regulato
Slide 11: ANS Broad Current Product Portfolio
ANS Broad Current Product Portfolio Spinal Cord Stimulation (SCS) + Implantable devices that resemble cardiac devices in appearance and function + Currently marketed and approved for chronic pain + Interfere with the transmission of pain signals to the brain + Current products: ~ Rechargeable implan
Slide 12: Powerful New Products in 2005
Powerful New Products in 2005 Axxess® Tripole 8™ C-Series™ Placer™ = Rapid mTs™ Programmer® GenesisRC™ Eon™ @ ST. JUDE MEDICAL
Slide 13: ANS revenue history and guidance
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 ANS Guidance" @ ST. JUDE MEDICAL ; | ANS 18 ~
Slide 14: Extensive Potential Pipeline for New Indications
Slide 15: Combined Profile
Combined Profile Dan Starks Chairman, President & Chief Executive Officer @ ST. JUDE MEDICAL
Slide 16: Continue to Diversify St. Jude Medical Growth Drivers
Slide 17: ANS will operate as a new division of St. Jude Medical
. ANS will operate as a new division of St. Jude Medical - Chris Chavez to be division President - ANS management team is expected to remain with ‘St. Jude Medical Headquarters to remain in Plano, Texas Continue to operate dedicated sales force Leverage St. Jude Medical resources and expand intemati
Slide 18: Tender offer to commence by October 25, 2005
+ Tender offer to commence by October 25, 2005 + Customary regulatory approvals + Expected to close by the end of year
Slide 19: Complementary growth platform
¥ v Complementary growth platform ~ Natural expansion of St. Jude Medical implantable microelectronics technology Diversifies St. Jude Medical's long-term growth drivers. — Immediate scale in $1 billion plus neuromodulation marketplace Upside opportunities in large, underpenetrated markets - Extensi
Slide 20: Searchable text section of graphics
Searchable text section of graphics shown above St . Jude Medical to Acquire Advanced Neuromodulation Systems Establishing a Complementary Platform for Growth Webcast Presentation October 17, 2005 [LOGO] [LOGO] Fo rward Looking Statement and Additional Information Any statements made regarding the p
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