AGM 2020

May 26, 2020

Good day, ladies and gentlemen, and thank you all for joining this Labs Holdings, Inc. Conference Call. As a reminder, all phone participants will remain in a listen only mode for the duration of today's session. To get us started with opening remarks and introductions, I am pleased to turn the floor to Mr. Nick Lewin. Good morning, Nick. Good morning, and welcome to everyone partaking with us today. I would like to call to order the 2020 Annual Meeting of Shareholders of Establishment Labs Holding, Inc, which is being held virtually. I am Nick Lewin, Chair of the Board of Directors of the company. I would like to introduce the other directors who are with us today for the annual meeting: David Hung, Lisa Kaurin, Ed Shutter, Dennis Condon, Lisa Gersh and our Chief Executive Officer, Juan Jose Chacon Quiros constituting all members of our Board. Also with me today are several members of the company's senior management team, including Renee Gallietta, Chief Financial Officer and Jeremy Liviano, General Counsel. On behalf of your Board of Directors and Management, I welcome all shareholders and tenants to today at our 2020 Annual Meeting. Representatives of Markham LLP, the company's independent auditors are also partaking and will be available following the formal portion of the meeting to respond to appropriate questions submitted online from shareholders. My sincere thanks to all shareholders voting today and by proxy in advance of the meeting. Thank you for your interest in our company's mission, business and future prospects. I will now turn the meeting over to Jeremy Liviano, who will conduct the formal part of the annual meeting and serve as secretary of the meeting. Thank you, Nick. Good morning, and welcome to all of our shareholders partaking online. During the meeting, shareholders partaking online are welcome to submit questions to the virtual meeting platform by typing your questions into the Ask a Question field and clicking Submit. Questions pertinent to meeting matters will be answered following the formal portion of this meeting, subject to time constraints. Indicated in the notice of meeting and accompanying documents that were mailed to all shareholders of record as of the record date, the following matters have been proposed by the Board for approval or ratification by the shareholders. Number 1, to elect 2 Class 2 directors, each to serve for a 3 year term. Number 2, to ratify the appointment of Markham LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2020. We will consider each item in turn in the same order that they appear in the notice of meaning. The polls will open when the first matter is called to a vote and will remain open until I announce that the polls are closed. You may vote your shares during the meeting online through the virtual meeting platform. You will need the 16 digit control number included on your proxy card or voting instruction form. If you voted previously, that will not limit your right to vote online during the meeting through the virtual meeting platform and your online vote will supersede your previous vote submission. No online votes, ballots or proxies or revocations of or changes to online votes, ballots or proxies will be accepted after the polls are closed. I will announce the voting results on each matter following tabulation. I have received an affidavit from Broadridge Financial Solutions, the company's agent for distribution, certifying the notice of the annual meeting and proxy statement were sent to all shareholders of record as of April 2, 2020. This affidavit is available for inspection by any shareholder. In addition, we are informed by the Inspector of Elections that present at this meeting, in person or through representation by proxy are 13,256,819 shares of common stock, representing approximately 56.82 percent of the outstanding shares of common stock of the company as of 8 am Eastern this morning. Based on the number of shares reported as present at this meeting, I'm happy to report that a quorum exists. I will now review the proposals. The first matter to be voted on is the election of 2 Class II directors, each for a term of 3 years. The nominees for election are Lisa Kallerin and Dennis Condon. The second matter to be voted on is the ratification of the appointment of Markham LLP as the company's independent public accounting firm for the 2020 fiscal year. This concludes the business items on the agenda for this annual meeting. The polls are now closed. I have been informed by the Inspector of Elections that the preliminary vote report shows that a majority of votes cast at this meeting have been voted in favor of each of the directors nominated to serve as Class 2 directors of the company And that proposal to receive the requisite votes in favor and was therefore approved by our shareholders. We will be reporting the final voting results in a Form 8 ks to be filed with the SEC within 4 business days. This concludes the formal business of today's meeting and the formal part of this meeting is hereby adjourned. In closing, I'd like to again thank the shareholders in attendance for partaking this morning in our virtual annual meeting and for your interest in Establishment Labs. We will now take questions from shareholders related to annual meeting matters. There being no further questions, I'd like to thank all of our shareholders for taking in this annual meeting for their engagement and interest in Establishment Labs.