Invacare : Baird Healthcare Conference Presentation – 09.14.21

I N V A C A R E C O R P O R A T I O N

Presentation (NYSE: IVC)

Healthcare Conference

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I N V A C A R E C O R P O R A T I O N

Forward Looking Statements

This presentation contains forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that describe future outcomes or expectations that are usually identified by words such as "will," "should," "could," "plan," "intend," "expect," "continue," "forecast," "believe," and "anticipate" and include, for example, any statement made regarding the company's future results, financial condition and the impact of COVID-19. Actual results may differ materially as a result of various risks and uncertainties, including those expressed in the cautionary statements and Risk Factors sections in the company's annual reports on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission. The company may not be able to predict and may have little or no control over many factors or events that may influence its future results and, except as required by law, shall have no obligation to update any forward-looking

statements.

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Financial results presented are as of June 30, 2021, unless otherwise noted. Forward-looking information reported on a specified date is provided herein as of such date and is not updated or reaffirmed as of a later date hereby.

Non-GAAP Measures

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This presentation will reference certain non-GAAP financial information, including, but not limited to, Adjusted EBITDA, constant currency net sales and free cash flow. For a description and reconciliation of non-GAAP measures presented in this document, please see the Appendix attached to this presentation. Any non-GAAP financial information is not a substitute for, and should be read in conjunction with, GAAP financial information.

Invacare Corporation: Baird Healthcare Conference - Sep 14, 2021

Making Life's Experiences Possible

O R P O R A T I O N

Who We Are

Headquartered near Cleveland, OH

3,400 employees worldwide

TTM Revenues $858M as of Jun 30, 2021

What We Do

Celebrating over 40 years of Making Life's Experiences Possible

Design, manufacture and distribute durable medical equipment for congenital, acquired and degenerative conditions

Distribute products to private and government medical equipment providers and residential care providers typically used in non-acute care settings

24-Hours of Care - Move, Rest, Breathe, Hygiene

I N V A C A R E C

Sales by Segment (TTM as of Jun 30,2021)

N.Amer.	Europe
56%
40%

APAC 4%

Safe patient handling and hygiene

• Safe transfers for resident and caregiver safety
• Daily hygiene products

Custom power and manual wheelchairs and custom seating

• Alternative drive controls and touch-screen technology
• Informatics
• Elite recreational sports equipment

Respiratory therapy products

• Stationary and portable oxygen concentrators
• HomeFill® oxygen refilling systems

Long-term care beds and therapeutic support surfaces

• Pressure relief for wound healing and prevention
• Continued pressure monitoring

Invacare Corporation: Baird Healthcare Conference - Sep 14, 2021

Reported Net Sales *

ON		$450		$858
	$403
T I
	$400		Million*
A		$350	$324
O R
	$300
E C O R P	(in millions)	$250
$200
$150
R			$105
C A		$100
	$50
V A			$26
	$0
N
	Lifestyle	Mobility & Respiratory	Other
I
		Seating

* TTM sales as of June 30, 2021

Broad Product Line with High Clinical Value

Lifestyle (47%)

Globally focused on home healthcare and post-acute care, including aids for daily living, walking aids, lifts, wheelchairs, beds and surfaces

Mobility & Seating (38%)

Custom power and custom manual wheelchairs, seating and positioning, and power add-ons

Respiratory (12%)

Stationary concentrators and ambulatory oxygen such as portable concentrators and refilling devices for portable tanks

Other (3%)

Services and rentals

Invacare Corporation: Baird Healthcare Conference - Sep 14, 2021

I N V A C A R E C O R P O R A T I O N

Initiatives Accelerating Our Multi-Year Strategy to Return to Profitability

Award winning clinical solutions and full product pipeline:

• Launched center-wheel,front-wheel and rear-wheel drive standing positioning system with clinical and social benefits of vertical positioning, including pediatric standing system
• First wirelessly remote-controlled portable oxygen concentrator
• First with hydroforming technology that allows production of manual wheelchairs with significantly higher performance without increased weight
• Invacare Ampla Action bariatric wheelchair - winner of the Red Dot Award: Product Design 2019, Platinum
  A'Design Award, and German Design Award 2020

Operational improvements to expand margins and accelerate profitability:

• Benefit of expanded standard gross margin from plant consolidations in Europe and favorable product mix
• Near-termmargins negatively impacted by supply chain challenges including higher material, labor and freight costs but the company has implemented actions to mitigate the impact

Partnership with Birlasoft Solutions to modernize business with flexible IT systems to:

• Drive operational efficiencies
• Improve our customers' experience
• Generate substantial cost savings over time

Invacare Corporation: Baird Healthcare Conference - Sep 14, 2021