Orthofix International N.V. http://www.alacrastore.com/company-snapshot/Orthofix_International_N_V-1068922 Monday, October 06, 2008 6:57:35 PM 1068922 Orthofix International N.V. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/CMT_0000450200moodys/CMT_0000450200htmlGlobal Credit Research Issuer Comment ## AUG #### Issuer Comment: Orthofix International N.V. Moody's Comments on Orthofix No change to ratings following recent developments Moody's commented on the ratings of Orthofix International...8/15/2008 1:24:35 AMhtmlOrthofix International N.V.Orthofix International N.V.806921294150.0000NewsIssuer CommentCMT_0000450200Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/664454spcred/664454normThe latest News from S&Pglobal8/11/2008 3:43:56 PM100News664454Netherland AntillesHealth Care EquipmentEmerging MarketsLatin AmericaGlobal IssuersCorporationsHealth CareNewsBOSTON (Standard&Poor's) Aug. 11, 2008--Standard&Poor's Ratings Services today affirmed its ratings on Netherlands Antilles-based Orthofix International N.V., including the 'BB-' corporate credit rating. The rating outlook remains stable. The affirmation follows the company's announcement that it will likely need to obtain a credit agreement waiver or amendment from its lenders as a result of its weaker-than-expected performance and noncash impairment charge. "Despite recent operating shortfalls and the difficult credit markets, we believe that the company's revenue growth, product portfolio, and reasonable leverage--about 3x adjusted debt to EBITDA by our calculations--will enable Orthofix to obtain an amendment," said Standard&Poor's credit analyst Jesse Juliano. "We also believe that the company's financial risk profile has some cushionANT35101010 351010 3510 35Orthofix International N.V.375523EMERGINGLATAMERICAOFIXNEWSGLOBISSCORPHealthCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/664455spcred/664455normThe latest Research Update from S&Pglobal8/11/2008 3:43:00 PM175Research Update664455Netherland AntillesHealth Care EquipmentEmerging MarketsLatin AmericaGlobal IssuersCorporationsHealth CareResearch UpdateOn Aug. 11, 2008, Standard&Poor's Ratings Services affirmed its ratings on Netherlands Antilles-based Orthofix International N.V., including the 'BB-' corporate credit rating. The rating outlook remains stable. The affirmation follows the company's announcement that it will likely need to obtain a credit agreement waiver or amendment from its lenders as a result of its weaker-than-expected performance and noncash impairment charge. Despite recent operating shortfalls and the difficult credit markets, we believe that the company's revenue growth, product portfolio, and reasonable leverage (about 3x adjusted debt to EBITDA by our calculations) will enable Orthofix to obtain an amendment. We also believe that the company's financial risk profile has some cushion at the current rating level to partially offset smallANT35101010 351010 3510 35Orthofix International N.V.375523EMERGINGLATAMERICAOFIXRESUPDUSA68751QOrthofix Holdings Inc.405440LATAMERICAEMERGINGUSAGLOBISSCORPHealthCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1906629ccbn/T1906629norm...Good morning. My name is Tabitha and I will be your conference operator today. At this time, I would like to welcome everyone to The Orthofix International Guidance Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (OPERATOR INSTRUCTIONS) As a reminder, ladies and gentlemen, this conference is being recorded today, Thursday, August #, ####. Thank you. I would now like to introduce Mr. Dan Yarbrough, Vice President of Investor Relations of Orthofix. Mr. Yarbrough, please begin. ... 8/7/2008 5:05:00 PMOrthofix International54.0000FinalOrthofix International Q2 2008 Earnings Conference Call TranscriptOFIX11:00am ETTranscriptT1906629Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/BW-0001-26811833newstex/BW-0001-26811833xml Jul. ##, #### (Business Wire) -- Orthofix International N.V. (NASDAQ:OFIX) announced today that it will host a conference call and webcast on Thursday, August #th at ##:## AM Eastern Time to discuss the Companya€™s earnings for the...070000000701400007014017040000000401600004016018040160487/21/2008 3:21:51 PM180000001800800018004000Business WireBW-0001-26811833ORTHOFIX INTERNATIONAL N VOFIXNewsNewstexhttp://www.alacrastore.com/storecontent/bir/779114bir/779114normOrthofix International N.V.Netherlands AntillesManufacturing: Orthopedic devices used to immoblize and patch bone to stimulate new growth.38413391129FIOFIX5/30/2008 6:25:00 AM779114Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/T1817669ccbn/T1817669norm...Good morning. My name is Jason, and I will be your conference operator today. At this time I would like to welcome everyone to the Orthofix first quarter #### earnings results conference call. (OPERATOR INSTRUCTIONS) I would now like to turn the call over to Mr. Dan Yarbrough, Vice President of Investor Relations of Orthofix. Mr. Yarbrough, you may begin your conference. ... 5/1/2008 6:06:00 PMOrthofix International54.0000FinalQ1 2008 Orthofix International Earnings Conference Call TranscriptOFIX11:00am ETTranscriptT1817669Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/643950spcred/643950normThe latest Full Report from S&Pglobal4/21/2008 3:26:22 PM400Full Report643950Netherland AntillesHealth Care EquipmentEmerging MarketsLatin AmericaGlobal IssuersCorporationsHealth CareFull ReportDiverse revenue stream; Solid niche positions; and History of aggressively reducing debt leverage. Highly competitive markets; and Weak cash flows in 2006 and 2007. The rating on Netherlands Antilles-based Orthofix International N.V. is based on the company's highly competitive markets, willingness to increase debt leverage for acquisitions, and the recent shortfall of operating cash flow. These factors are offset partially by the company's diverse revenue stream, solid niche positions, and history of aggressively reducing debt leverage following an acquisition. Orthofix is a leading provider of minimally invasive medical devices predominantly serving the spine, reconstruction, and trauma markets. The company has leading positions and patent protection in the bone growth stimulation (BGS) market. The company also provides specialty fixation, vascular therapy,ANT35101010 351010 3510 35Orthofix International N.V.375523EMERGINGLATAMERICAOFIXFULLGLOBISSCORPHealthCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/643951spcred/643951normThe latest Summary from S&Pglobal4/21/2008 3:26:22 PM175Summary643951Netherland AntillesHealth Care EquipmentEmerging MarketsLatin AmericaGlobal IssuersCorporationsHealth CareSummaryThe rating on Netherlands Antilles-based Orthofix International N.V. is based on the company's highly competitive markets, willingness to increase debt leverage for acquisitions, and the recent shortfall of operating cash flow. These factors are offset partially by the company's diverse revenue stream, solid niche positions, and history of aggressively reducing debt leverage following an acquisition. Orthofix is a leading provider of minimally invasive medical devices predominantly serving the spine, reconstruction, and trauma markets. The company has leading positions and patent protection in the bone growth stimulation (BGS) market. The company also provides specialty fixation, vascular therapy, bracing, biologics, cold therapy, and pain management products. Orthofix operates in competitive markets prone to pricing pressure. In the BGS market, Orthofix must vieANT35101010 351010 3510 35Orthofix International N.V.375523EMERGINGLATAMERICAOFIXSUMMARYGLOBISSCORPHealthCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_806921294moodys/COP_806921294htmlGlobal Credit Research Credit Opinion ## MAR #### Credit Opinion: Orthofix International N.V. Orthofix International N.V. Netherlands Antilles Ratings Category Moody's Rating Outlook Negative Corporate Family Rating -Dom Curr B# Orthofix...Credit Opinion3/27/2008 4:17:00 PMOrthofix International N.V.806921294150.0000NewshtmlOrthofix International N.V.COP_806921294Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_151697_809768772moodys/PR_151697_809768772htmlGlobal Credit Research Rating Action ## MAR #### Rating Action: Orthofix Holdings Inc. (US) Moody's Downgrades Orthofix to B#; outlook negative Approximately $### million of rated debt affected New York, March ##, #### -- Moody's Investors...Rating Action3/27/2008 1:15:21 AMOrthofix Holdings Inc. (US)809768772150.0000Newshtml806921294Orthofix International N.V.Orthofix Holdings Inc. (US); Orthofix International N.V.PR_151697_809768772Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1781243ccbn/T1781243norm...Good morning. My name is Michelle, and I will be your conference operator today. At this time I would like to welcome everyone to the Orthofix International guidance conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question-and-answer period. (OPERATOR INSTRUCTIONS). As a reminder, ladies and gentlemen, this conference is being recorded today, February ##, ####. Thank you. I would now like to introduce Mr. Dan Yarbrough, Vice President of Investor Relations of Orthofix. Mr. Yarbrough, you may begin your conference. ... 2/27/2008 5:06:00 PMOrthofix International54.0000PreliminaryOrthofix International Guidance Announcement TranscriptOFIX8:30am ETTranscriptT1781243Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1777978ccbn/T1777978norm...Good morning. My name is Jennifer and I will be your conference operator today. At this time, I would like to welcome everyone to the Orthofix fourth-quarter financial results conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. (OPERATOR INSTRUCTIONS). As a reminder, ladies and gentlemen, this conference is being recorded today, February ##, ####. Thank you. I would now like to introduce Mr. Dan Yarbrough, Vice President, Investor Relations of Orthofix. Mr. Yarbrough, you may begin your conference. ... 2/22/2008 4:05:00 PMOrthofix International54.0000FinalQ4 2007 Orthofix International Earnings Conference Call TranscriptOFIX10:00am ETTranscriptT1777978Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/PR_149299_809768772moodys/PR_149299_809768772htmlMoody's Reviews Orthofix's Ba# CFR for Possible DowngradeRating Action2/15/2008 12:31:19 AMOrthofix Holdings Inc. (US)809768772150.0000Newshtml806921294Orthofix International N.V.Orthofix Holdings Inc. (US); Orthofix International N.V.PR_149299_809768772Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1748550ccbn/T1748550normOrthofix International at Wachovia Healthcare Conference2/4/2008 5:05:00 PMOrthofix International54.0000FinalOrthofix International at Wachovia Healthcare Conference TranscriptOFIX11:15am ETTranscriptT1748550Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1733641ccbn/T1733641norm1/14/2008 6:08:00 PMOrthofix International54.0000FinalOrthofix International at JPMorgan Healthcare Conference TranscriptOFIX10:00am PT... - JPMorgan - AnalystGood morning. I am [Chris Pasquali] from the JPMorgan med tech team, and we are pleased this year to have Orthofix with us at the conference for the first time. And presenting for them is going to be Alan Milinazzo, the Company's Chief Executive Officer. ... TranscriptT1733641Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/612376spcred/612376normThe latest Summary from S&P11/9/2007 11:09:01 AMSummary175global612376Netherland AntillesHealth Care EquipmentEmerging MarketsLatin AmericaGlobal IssuersCorporationsHealth CareSummaryThe rating on Netherlands Antilles-based Orthofix International N.V. is based on the company's highly competitive markets, significant debt leverage, and the recent shortfall of operating cash flow. These factors partly are offset by the company's diverse revenue stream, solid niche positions, and history of aggressively reducing debt leverage. Orthofix is a leading provider of minimally invasive medical devices predominantly serving the spine, reconstruction, and trauma markets. The company has leading positions and patent protection in the bone growth stimulation (BGS) market. The company also provides specialty fixation, vascular therapy, bracing, biologics, cold therapy, and pain management products. Orthofix operates in competitive markets prone to pricing pressure. In the BGS market, Orthofix must vie for market share against well-entrenched players withANT35101010 351010 3510 35Orthofix International N.V.375523EMERGINGLATAMERICAOFIXSUMMARYGLOBISSCORPHealthCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1673989ccbn/T1673989norm11/6/2007 6:07:00 PMOrthofix International54.0000FinalQ3 2007 Orthofix International Earnings Conference Call TranscriptOFIX11:00am ET...Good morning. My name is Amy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Orthofix Third Quarter Financial Results Conference Call. All lines have been placed on mute to prevent any background noise, after the speakers remarks there will be a question and answer period. (OPERATOR INSTRUCTIONS) As are reminder ladies and gentlemen, this conference is being recorded today, November #, ####. Thank you. I would now like to introduce Mr. Dan Yarbrough, Vice President of Investor Relations of Orthofix. Mr. Yarbrough, you may begin your conference. ... TranscriptT1673989Credit & Investment ResearchThomson StreetEvents