Company: STAA
Filing Date: 2025-10-02
Form Type: DFAN14A
Source: 0001213900-25-095514
Chunk: 11

Company: STAAR SURGICAL CO
Filing Date: 2025-10-02
Form: DFAN14A
Chunk 11
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Monthly) 1 A

Broadwood Partners, L.P. Refractive Procedures Are Down Globally 16 Weakened consumer confidence has negatively impacted demand for refractive surgeries around the world ▪ Refractive procedures – including for STAAR’s ICLs – are cash pay, discretionary and premium purchases, 2 typically costing the consumer thousands of dollars out - of - pocket 3 ▪ Accordingly, consumer confidence has historically been the most significant factor driving demand for refractive surgery 3 — There has been a strong correlation (r 2 = 0.62) between consumer confidence and refractive surgery volumes in the U.S. over the last 25 years 3 ▪ As consumer confidence has deteriorated post - pandemic, so too have global refractive surgery volumes — After several years of strong growth, procedure volumes declined by approximately 10% in 2024 3 — Global ICL unit volumes fared modestly better, declining by approximately 2% 4 3% 8% 0% (10%) 17% 12% 23% (10%) 2017 2018 2019 2020 2021 2022 2023 2024 1. Source: STAAR Annual Reports on Form 10 - K for the fiscal years from 2016 to 2024. 2. Source: STAAR Q4 2024 Earnings Call, February 11, 2025. 3. Source: Wells Fargo Research Note, April 21, 2025. 4. Source: Needham Research Note, May 21, 2025. 2 Year - Over - Year Growth in Number of Refractive Procedures Globally 1 A

Broadwood Partners, L.P. Inventory Levels in China Grew Substantially, Causing Near - Term Disruption 17 In February 2025, the Company reported significant excess inventory in China, which had several knock - on effects 1. See Canaccord Genuity and William Blair Research Notes, February 11, 2025. 2. Source: STAAR Press Release, February 11, 2025. 3. Source: STAAR Press Release, August 7, 2024. 4. Source: FactSet. 3 ▪ In February 2025, STAAR reported Q4 2024, surprising the Street 1 with a significant revenue miss and the disclosure that the amount of inventory held by