Medical Supplies

1 | Financial data as of May 2010

Medical Supplies

2 | Financial data as of May 2010

VisionWe will be the best performing “Supplies” company in the Medical Device Industry.

Mission StatementWe will grow our business by delivering quality healthcare products with great value. This will be accomplished while maintaining a high level of profitability through world class operational efficiencies, commitment to customer satisfaction, and the growth and development of our employees.

3 | Financial data as of May 2010

Medical Supplies has…

A culture of winning, based upon the integrity, performance, and accountability of our people. We can and will affect the lives of our employees, our partners, and our customers.

4 | Financial data as of May 2010

Medical Supplies Marketplace Dynamics

• Our competitors basically fall into two different classes –BD, Bard, 3M, Hospira, Welch-Allyn or Private Label offerings from distributors such as Medline, Cardinal, McKesson, PSS

• Care providers are continually looking to drive down their controllable costs

• Large IDN customers are looking to be treated outside of any GPO affiliation and sometimes outside of typical distribution channels

• Migration of care to lower costs settings continues → Homecare, SurgiCenters

We continue to sell value beyond price in many commoditized markets

5 | Financial data as of May 2010

Medical Supplies-Strengths

• Sales expertise

• Channel partners

• Efficient supply chain

• Quality products / Brand preference

• New product pipeline

6 | Financial data as of May 2010

Medical Supplies Overview

2009 Net Sales: $1.7B

Leading provider of a broad range of high quality products used to improve patient care, including traditional wound care, incontinence, SharpSafety diagnostic and monitoring electrodes, operating room kits and accessories

#1 or #2 market positions across core product categories

Nursing Care

Medical Surgical

Original EquipmentManufacturer

2009 Sales by Product Group

SharpSafety12%

45%

19%

24%

7 | Financial data as of May 2010

Revenue by Care Setting

Hospital

Extended Care

Home Care

Physician Office

Ambulatory

8 | Financial data as of May 2010

Medical Supplies

• Broad portfolio of leading brands: Kendall, Curity, Devon, Medi-trace, Kangaroo, Monoject, Magellan

• Strong field sales presence • Strong brand name recognition and leadership positions• Clinically strong sales force• Solid clinician relationships• Product innovation• Products are differentiated based on quality and innovation and are preferred by

clinicians

• Wound Care• Incontinent Care • Open Suction • Urology• Enteral Feeding/

GI Access

CompetitiveAdvantages

Nursing Care

Key Products• OR and Positioning

and Essentials • Peri-natal • Electrodes and Paper • Chemo Safety • Collection Systems

Monitoring & OR Products

Leading provider of a broad range of high quality products used to improve patient care

• ISO certified design services

• World class manufacturing

• Custom drug delivery devices

Custom Product Solutions (OEM)

• Needles & syringes

• PreFill flush syringes

• Sharps disposal

SharpSafety

9 | Financial data as of May 2010

• Wound Care

• Incontinence Care

• Open Suction

• Enteral Feeding/ GI

• Urology

Nursing Care

10 | Financial data as of May 2010

• Needles & Syringes

• Sharps Disposal

• Prefilled Syringes/IV Access

SharpSafety

11 | Financial data as of May 2010

Monitoring & OR• OR Products

• Peri-natal

• Electrodes & Recording Chart Paper

• Chemotherapy Protection & Safety

• Collection Systems

12 | Financial data as of May 2010

Custom Product Solutions (OEM) ISO certified design services and world class manufacturing are combined to develop and

deliver high quality, custom medical and drug delivery devices built to meet customer specifications, budget and schedule.

• Manufacturing CapabilitiesInjection Molding ExtrusionHydrogel Mixing and Formulation RF WeldingBottle/Syringe Filling Custom ConvertingLaminating Ultrasonic WeldingDie Cutting Textile ConvertingElectrode Assembly Electronic PCB AssemblySuture Braiding/Monofilaments Rigid and Flexible PackagingSilicone Molding Absorbable and Non-Absorbable Polymers High-Speed Assembly Kit Manufacturing

• Customer Support ServicesChemical Testing PrototypingBiocompatibility Testing Design ValidationProject Management SterilizationDesign for Manufacturing Design Services

Covidien:Corporate Overview