EX-99.1 2 staa-ex991_20.htm EX-99.1

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STAAR Surgical Investor Presentation NASDAQ: STAA | June 2022 Exhibit 99.1

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All statements that are not statements of historical fact are forward-looking statements, including statements about any of the following: any financial projections (including sales), plans, strategies, and objectives of management for 2022 or prospects for achieving such plans, expectations for sales, revenue, margin, expenses or earnings, the expected impact of the COVID-19 pandemic and related public health measures (including but not limited to its impact on sales, operations or clinical trials globally), product safety or effectiveness, the status of our pipeline of ICL products with regulators, and any statements of assumptions underlying any of the foregoing, including those relating to our product pipeline and market expansion activities. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties related to the COVID-19 pandemic and related public health measures, as well as the factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 under the caption “Risk Factors,” which is on file with the Securities and Exchange Commission and available in the “Investor Information” section of the company’s website under the heading “SEC Filings.” We disclaim any intention or obligation to update or revise any financial projections or forward-looking statement due to new information or events. These statements are based on expectations and assumptions as of the date of this presentation and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include the following: global economic conditions; the impact of the COVID-19 pandemic on markets; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before approval, or to take enforcement action; international trade disputes; and the willingness of surgeons and patients to adopt a new or improved product and procedure. 02 Forward Looking Statements

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Who Is STAAR Surgical? Exclusive manufacturer of proprietary EVO Visian® Family of Implantable Collamer® Lenses (EVO ICL) used worldwide to correct refractive error Executing against a rapidly expanding global Total Addressable Market (TAM) of millions of eyes Achieving industry-leading growth via primary and premium EVO ICL positioning, collaborative business model and clinical validation Strong financial performance includes expanding margins, EPS and cash – a rare combination of high growth & GAAP profitability 01 03 02 04 03

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Refractive Error is a Global Epidemic * Global prevalence of clinically significant astigmatism (>0.75D), Market Scope, 2019. ** BHVI, adapted from Holden et al. 2016 Ophthalmology. *** Fricke, Global Prevalence of Presbyopia and Vision Impairment from Uncorrected Presbyopia, 2018. 04 75-80% of ages 45-54 are using correction for presbyopia*** Myopia More near work, less time outdoors, cell phones, screen time, gaming, education/studying Astigmatism accompanies myopia in ~ 25% of cases* Distance Vision Presbyopia Progressive age-related condition Near Vision Half of the global population is expected to have myopia by 2050**

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The Existing Myopia Market is Millions of Eyes * Market Scope estimates for 2021 published January 2022. One Eye = One Procedure. Procedures rounded to nearest 10,000. R.O.W = Rest of World. Industry reports estimate the global market for refractive procedures will grow from 4 million annually in 2020 to 6.1 million in 2025. ** Company estimate. 05 Annual Global Refractive Procedures* 4.2 M China Latin America India USA R.O.W. W.Europe 1.1M 960K 910K 300K 210K 740K frequent replacement contact lens wearers drop out each year in the U.S. alone** Refractive Contact Lenses Eyeglasses 6 M $6 B $16 B Annual Global Spend** $48 B Opportunity

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STAAR’s TAM is Tens of Millions of Eyes * Company estimates of viable market opportunity. Bilaterally, 35 Million Myopes = 70 Million Lenses and 55 Million Presbyopes = 110 Million Lenses. 06 Myopes Myopes Myopia Eyes Presbyopia Eyes Presbyopes Presbyopes Distance Vision (Nearsightedness) Target Market Ages 21-45+ Target Market Ages 45-55+ Near Vision (Reading Glasses) Epidemiological Data STAAR Adjustments to Global Prevalence Patient Ability to Pay Distribution of Uncorrected Refractive Error Proximity to Qualified Surgeon Willingness to Undergo Refractive Procedure Surgeon Input Myopia Presbyopia 1.9 B 35 M 70 M 110 M Global Prevalence STAAR’s Opportunity* 1.7 B STAAR’s TAM* 55 M

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An Evolution in Visual Freedom 07 STAAR’S ICL TECHNOLOGY

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EVO ICL Technology 08 Natural Crystalline Lens EVO ICL™ Iris A single-piece foldable phakic intraocular lens (IOL) implanted within the posterior chamber of the eye directly behind the iris and in front of the natural crystalline lens, designed to correct refractive error…

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Why EVO ICL? Patients and Surgeons Tell Us… 09 Bio-Compatible Additive UV Protection Quality of Vision Eco-Friendly Collamer Material Upgradeable Removable Quiet in the Eye Excellent Night Vision No Dry Eye Syndrome No Capital Equipment Investment

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Happy ICL Patients * Packer, The Implantable Collamer Lens with a central port: review of the literature, Clinical Ophthalmology, 2018. 10 2 Million+ ICLs Sold Globally

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11 ICL AROUND THE WORLD

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China – Increasing Share of #1 Global Market 12 Patient roadshows, in-person and virtually on social media such as WeChat, integral to demand cycle China: the first large market to adopt our model of strategic cooperation in 2016 “Hybrid” model, which has 50+ STAAR employees on the ground in country working in concert with importer, hospitals and clinic customers. Accounts 800+ EVO ICL share of the refractive market grew from approximately 2% in 2015 to milestone 20%+ in 2020…

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United States – Executing Playbook as we Launch EVO ICL in #2 Global Market 13 Strategic Imperative Drive U.S. growth by successfully commercializing our market-transforming EVO ICL family of myopia lenses following FDA Approval on March 25, 2022 Build upon foundational work since 2019 to accelerate EVO U.S. surgeon support and utilization & Increase EVO ICL Awareness Sales, Practice Development and Clinical Support Infrastructure Expanded Surgeon Organizations and Society Engagement Strategic Agreements EVO Experience Center Meaningfully increase investment in targeted consumer marketing, digital, and influencer campaigns Artist’s Rendition Over 250 U.S. surgeons trained and certified on EVO ICL as of June 1, which is ahead of prior 200 surgeon 2Q22 target.

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Europe – Accelerating a Growth Renaissance Driving growth via Surgeon Support and Strategic Sales & Marketing Investments Increasing distributor-to-hybrid market conversions with goal of accelerating growth, e.g. France, Italy and Benelux Making sales & marketing investments that include broadening influencer and social media consumer initiatives Entering large addressable market for refractive Presbyopia Correction with EVO Viva™ EDOF lens with commercial launch at ESCRS 2022 14 * At surgeon discretion, recommendation moved to -1.0D. ** Market Scope, LLC. STAAR Surgical Global Model 2018 to 2024.

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We’re Just Getting Started… * Approximate ICL unit share of 2021 global refractive myopia market. 15 ~ 9% ICL share of global market*

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16 STAAR’s Track Record of Strong Financial Performance

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ICL Unit Growth Significantly Exceeds Refractive Industry * Market Scope, January 2019-2022. 17

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ICL Unit Growth Drives… Industry Leading Net Sales Growth ~ +25% CAGR * Initial sales outlook provided prior to COVID on January 13, 2020, was for sales mid-point of $177 million or +18% Y/Y Growth for 2020. CAGR of 26% for 2017-2021 and 24% for 2019-2021. 2022 Outlook initially provided January 10, 2022. 18 $295 Million +28% Growth 2022 Outlook

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* 2019 Includes $0.07 GILTI tax benefit. 19 Operating Margin Cash on Balance Sheet - Quarter-End GAAP EPS* Cash from Operations $ Millions STAAR’s Expanding Margins, EPS and Cash

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Recent Success and Strong Outlook First Quarter 2022 Results Reported May 4, 2022 Focus remains on advancing our strong growth trajectory for EVO ICL lenses Drive surgeon engagement and consumer-patient awareness Net sales outlook of ~ $295 million for fiscal 2022, subject to no unforeseen impact from COVID on our business, represents strong 28% Y/Y sales growth Net Sales Growth Y/Y to $63.2 Million Global ICL Unit Growth Y/Y 20 25% 29% STAAR is one of just a few U.S. publicly traded SMID-Cap Medical Technology companies with forecasted consensus annual sales growth exceeding 20% Y/Y and positive GAAP earnings Fiscal Year 2022 Outlook

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We invite you to visit STAAR’s investor website for clinical papers, examples of global consumer marketing and much more at investors.staar.com www.staar.com www.discoverevo.com