HighGravityData

BioMarin Pharmaceutical — Oct 29, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001048477-24-000149
Open on SEC.gov ↗
Showing in the filing
VOXZOGO country access expansion
“more than 20 additional countries”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 12
VOXZOGO country access expansion for FY2027
“more than 20 additional countries”
Total Revenues for FY2027
“Approximately $4 billion”
Non-GAAP Operating Margin for FY2026
“40%”
Non-GAAP Operating Margin
“low- to mid-40% range”
Operating cash flow for FY2027
“More than $1.25 billion”
Total revenues CAGR for FY2034
“Mid-teen compound annual growth rate (CAGR)”
Total revenues compound annual growth rate (… for FY2034
“Mid-teen”
Treatments for Skeletal Conditions revenue o…
“greater than $5 billion”
Total Revenues for FY2024
“$2,790 to $2,825”
Non-GAAP Operating Margin % for FY2024
“26.5% to 27.5%”
Non-GAAP Diluted EPS for FY2024
“$3.25 to $3.35”
Weighted-Average Diluted Shares Outstanding … for FY2024
“approximately 200 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Achondroplasia represents a global 24,000 total addressable patient population (TAPP). While the U.S. is the largest single market opportunity, markets outside of the U.S. represent approximately 90% of eligible patients. BioMarin is in the process of pursuing VOXZOGO access into more than 20 additional countries by 2027, providing the opportunity for even more children of all ages to benefit from the only approved medicine for the treatment of achondroplasia. • Enzyme Therapies continue to be a significant driver of growth, with revenues increasing 13% year-to-date, compared to the same period in 2023. As outlined at Investor Day, BioMarin is implementing new initiatives to drive sustained growth of the Enzyme Therapies across the approximately 80 countries where these medicines are available. Value Commitment • During the quarter, the company made significant progress executing its financial strategy to deliver on its value commitment to stakeholders. Year-to-date, BioMarin’s GAAP Operating Margin of 15.3% expanded 6.4 percentage points Y/Y and Non-GAAP Operating Margin of 27.7% expanded 7.6 percentage points Y/Y while GAAP Diluted EPS of $1.56 increased 103% Y/Y and Non-GAAP Diluted EPS of $2.60 increased 63% Y/Y. These measures of profitability increased at rates faster than revenue growth, representing the company’s focus on operational efficiency. • During the quarter, the company continued to benefit from its ongoing $500 million cost transformation program announced at Investor Day
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.