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Owens & Minor 3Q 2008 Financial Results Management Conference Call Supplemental Information October 28, 2008

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Page 1: Owens_Minor3Q2008_webcast_slides

Owens & Minor3Q 2008 Financial Results

Management Conference CallSupplemental Information

October 28, 2008

Page 2: Owens_Minor3Q2008_webcast_slides

SAFE HARBOR

Except for historical information, the matters discussed in thispresentation may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risk factors are discussed in reports filed by the company with the Securities & Exchange Commission. All of this information is available at www.owens-minor.com. The company assumes no obligation, and expressly disclaims any such obligation, to update or alter information, whether as a result of new information, future events, or otherwise.

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Revenue

$1,687 $1,748 $1,753 $1,795 $1,810

$0

$400

$800

$1,200

$1,600

$2,000

3Q07 4Q07 1Q08 2Q08 3Q08

(dollars in millions)

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Gross Margin

10.57% 10.59%

10.67%

10.60%

10.70%

10.2%

10.4%

10.6%

10.8%

3Q07 4Q07 1Q08 2Q08 3Q08

(as a percent of revenues)

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7.79%7.87% 7.82% 7.89%

7.79%

6.5%

8.2%

3Q07 4Q07 1Q08 2Q08 3Q08

(as a percent of revenues)

Selling, General &Administrative Expense

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2.43% 2.33% 2.46% 2.33%2.55%

0.0%

1.6%

3.3%

3Q07 4Q07 1Q08 2Q08 3Q08

(as a percent of revenues)

Operating Earnings

Page 7: Owens_Minor3Q2008_webcast_slides

Earnings per Share

$0.52 $0.55 $0.57$0.59 $0.61

$0.00

$0.20

$0.40

$0.60

3Q07 4Q07 1Q08 2Q08 3Q08

(diluted)

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2008 Outlook

“With our excellent performance so far this year and our success in strengthening our relationships with our customers, we are continuing to target 2008 annual organic revenue growth in the 5% to 7% range,” said Smith. “We also continue to target net income per diluted share for the year in a range of $2.30 to $2.40, which includes the expected dilution in the fourth quarter from the Burrows acquisition.”

- press release dated October 27, 2008

Page 9: Owens_Minor3Q2008_webcast_slides

Supplemental Information(dollars in millions)

$ 3.9 $ 1.7 $ 2.6 $ 0.9 $ 1.8 EBITDA(b)

2.7 2.7 2.5 2.4 2.1 Depreciation and amortization(a)

$ 1.2 $(1.0)$ 0.1$(1.5)$ (0.3)GAAP operating (losses) earnings

3Q074Q071Q082Q083Q08

Non-GAAP Reconciliation – Direct-to-Consumer

(a) Excludes amortization related to direct-response advertising costs.

(b) Earnings before interest, taxes, depreciation and amortization (EBITDA) is considered a non-GAAP financial measure under the SEC’s rules. Management believes that EBITDA is an important financial measure for use in evaluating the performance of the company’s Direct-to-Consumer (DTC) business, as it excludes charges for depreciation and amortization which relate primarily to business acquisitions and do not reflect the cash costs associated with operating the business. EBITDA should be considered in addition to, rather than a substitute for, operating (losses) earnings as a measure of financial performance.

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Supplemental Information

Schedule of Sales Days per Year

2006 2007 2008

1st Quarter 64 64 64

2nd Quarter 64 64 64

3rd Quarter 63 63 64

4th Quarter 62 63 63

Totals 253 254 255

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Owens & Minorwww.owens-minor.com

3rd Quarter 2008

Investor Relations Contacts:

Trudi Allcott [email protected] 804.723.7555

Chuck Graves [email protected] 804.723.7556