ZIMMER BIOMET HOLDINGS, INC.

Non-GAAP Financial Guidance

For the Year Ending December 31, 2020

Full-year 2020 financial guidance:

Projected Year Ending December 31, 2020

2020 reported and constant currency revenue growth

2.5%

- 3.5%

Foreign Currency Exchange Impact(1)

Neutral

Adjusted Operating Profit Margin(2)

27.0%

- 28.0%

Adjusted Tax Rate(2)

16.0%

- 17.0%

Adjusted Diluted EPS(2)

$8.15

- $8.45

Free Cash Flow(2)

$1.1 - $1.3 billion

(1)

Expected to be negative in the first half of the year and slightly positive in the second half of

the year based on current foreign currency exchange rates

(2)

These measures are non-GAAP financial measures for which a reconciliation to the most

directly comparable GAAP financial measure is not available without unreasonable efforts.

See "Forward-LookingNon-GAAP Financial Measures."

Forward-LookingNon-GAAP Financial Measures

We calculate forward-lookingnon-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. For instance, we exclude the impact of certain charges related to restructuring and other cost reduction initiatives and certain legal and tax matters. We have not provided quantitative reconciliations of these forward-looking non- GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. For example, the timing of certain transactions is difficult to predict because management's plans may change. In addition, the company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-lookingnon-GAAP financial measures may be materially different from the corresponding GAAP financial measures.

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Zimmer Biomet Holdings Inc. published this content on 04 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2020 19:43:00 UTC