1、1Q4 20242 200,000 250,000 300,000 350,000 400,000 450,00020172018201920202021INVESTORS ARE HIGHLY INTERESTED IN THE FERTILITY SERVICES INDUSTRY DUE TO ITS ROBUST TAILWINDS,LARGE SIZE,AND COMPELLING GROWTH OPPORTUNITIES.The U.S.fertility sector is estimated to be$11B+in 2023,across in vitro fertiliza

2、tion(IVF),genetic testing,reproductive tissue storage,donor services,and medication,growing at 12%+annually Growing awareness and utilization of IVF and related services is creating an ever-larger addressable market opportunityStrong,long-term demand drivers include rising infertility rates,increasi

3、ng social awareness and acceptance,a rise in same-sex couples and single mothers by choice,and expanding insurance coverageHighly fragmented provider landscape of local and regional clinics,and platforms of scale are able to leverage best practices,invest in leading technology,attract new physician

4、partners,and improve operationsHIGHLIGHTSBY THE NUMBERS(1)HW internal estimates based on data from Allied Market Research,Cision PR Newswire,and Global Markets Insights(2)ASRM(2024),note“ART”stands for Assisted Reproductive Technology(3)Represents Prenatal and Newborn Genetic Testing Market(4)HHS(20

5、24)(5)GoodRx(6)CDC(ART Datasets)1 in 40infants born in the U.S.in 2022 due to successful ART cycles(2)2.5xaverage number of IVF cycles required to achieve pregnancy(4)$15K-$30Kaverage cost for one cycle of IVF(5)21%increase in number of egg freezing cycles from 2021 to 2022(2)10%CAGR for annual ART

6、cycles in the U.S.from 2017 to 2021(6)500IVF clinics in the United States(6)2023 Revenue Segmentation by Service TypeU.S.FERTILITY SECTOR SIZING(1)COVID-19 ImpactedAnnual Number of ART Cycles Performed in the U.S.IVFReproductive Tissue Storage and Donor ServicesGenetic Testing(3)$3.9B$2.4B$4.9B$11B2