425
Wright and Tornier
Creating the Premier High-Growth Extremities-Biologics Company
OCTOBER 27, 2014
1
Filed by Wright Medical Group, Inc.
pursuant to Rule to Rule 425
Under the Securities Act of 1933
Deemed filed pursuant to Rule 14a-12
Under the Securities Exchange Act of 1934
Subject Company: Wright Medical Group, Inc.
Commission File No. 001-35823


This presentation includes forward-looking statements.
These forward-looking statements generally can be identified by the use of words
such as “anticipate,”
“expect,”
“plan,”
“could,”
“may,”
“will,”
“believe,”
“estimate,”
“forecast,”
“goal,”
“project,”
and other words of
similar meaning.
Forward-looking statements in this presentation include, but are not limited to, statements about the benefits of the
transaction; potential synergies and cost savings and the timing
thereof; future financial and operating results; the expected timing of the
completion of the transaction; the combined company’s plans, objectives, expectations and intentions with respect to
future
operations,
products
and
services,
the
approvable
status
and
anticipated
final
PMA
approval
of
Wright’s
Augment
®
Bone
Graft
product,
and the positive effects such final approval is anticipated to have on the combined business.
Each forward-looking statement contained in
this presentation is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by
such statement.
Applicable risks and uncertainties include, among others, uncertainties as to the timing of the transaction; uncertainties
as to whether Tornier shareholders and Wright shareholders will approve the transaction; the risk that competing offers will be made; the
possibility that various closing conditions for the transaction may not be satisfied or waived, including that a governmental entity may
prohibit, delay or refuse to grant approval for the consummation
of the transaction, or the terms of such approval; the effects of
disruption from the transaction making it more difficult to maintain relationships with employees, customers, vendors and other business
partners; the risk that shareholder litigation in connection with the transaction may result in significant costs of defense, indemnification
and liability; other business effects, including the effects of industry, economic or political conditions outside of Wright’s or Tornier’s
control; the failure to realize synergies and cost-savings from the transaction or delay in realization thereof; the businesses of Wright and
Tornier may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish
than expected; operating costs and business disruption following
completion of the transaction, including adverse effects on employee
retention and on Wright’s and Tornier’s respective business relationships with third parties; transaction costs; actual or contingent
liabilities; the adequacy of the combined company’s capital resources; failure or delay in ultimately obtaining FDA approval of Wright’s
Augment
®
Bone Graft for commercial sale in the United States, failure to
achieve the anticipated benefits from approval of Augment Bone
Graft, and the risks identified under the heading “Risk Factors”
in Wright’s Annual Report on Form 10-K, filed with the SEC on February 27,
2014, and Tornier’s Annual Report on Form 10-K, filed with the SEC on February 21, 2014, as well as both companies’
subsequent
Quarterly Reports on Form 10-Q and other information filed by each company with the SEC.  Wright and Tornier caution investors not to
place considerable reliance on the forward-looking statements contained in this presentation.
You are encouraged to read Wright’s and
Tornier’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking
statements in this presentation speak only as of the date of this release, and Wright and Tornier undertake no obligation to update or
revise any of these statements.
Wright’s and Tornier’s businesses are subject to substantial risks and uncertainties,
including those
referenced above.
Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Cautionary Note Regarding Forward-Looking Statements       
2


Note on Non-GAAP Financial Measures
3
Wright and Tornier use non-GAAP financial measures, including EBITDA, as adjusted. Their respective
management teams believe that the presentation of these measures provides useful information to investors
and that these measures may assist investors in evaluating their respective company’s operations, period 
over period. EBITDA is calculated by adding back to net income charges for interest, income taxes and
depreciation and amortization expenses. While it is not possible to reconcile the adjusted EBITDA forecast in this
presentation to the nearest metric under U.S. generally accepted accounting principles (GAAP) of the combined
business without unreasonable effort, the adjusted EBITDA forecast excludes non-cash stock based compensation
expense and non-operating income and expense, as well as the expected impact of such items as transaction and
transition costs, impacts from the sale of Wright’s OrthoRecon business and costs associated with distributor
conversions and non-competes, all of which may be highly variable, difficult to predict and of a size that could
have substantial impact on the combined company’s reported results of operations for a period. Investors should
consider these non-GAAP measures only as a supplement to, not as a substitute for or as superior to, measures of
financial performance prepared in accordance with GAAP.


In connection with the proposed merger, Tornier plans to file with the U.S. Securities and Exchange Commission (SEC) a registration
statement on Form S-4 that will include a joint proxy statement of Wright and Tornier that also constitutes a prospectus of Tornier. 
Wright and Tornier will make the joint proxy statement/prospectus available to their respective shareholders. Investors are urged to
read the joint proxy statement/prospectus when it becomes available, because it will contain important information. The registration
statement,
definitive
joint
proxy
statement/prospectus
and
other
documents
filed
by
Tornier
and
Wright
with
the
SEC
will
be
available
free
of
charge
at
the
SEC’s
website
(www.sec.gov)
and
from
Tornier
and
Wright.
Requests
for
copies
of
the
joint
proxy
statement/prospectus and other documents filed by Wright with the SEC may be made by contacting Julie Tracy, Senior Vice President
and
Chief
Communications
Officer
by
phone
at
(901)
290-5817
or
by
email
at
julie.tracy@wmt.com,
and
request
for
copies
of
the
joint
proxy statement/prospectus and other documents filed by Tornier may be made by contacting Shawn McCormick, Chief Financial
Officer
by
phone
at
(952)
426-7646
or
by
email
at
shawn.mccormick@tornier.com.
Wright, Tornier, their respective directors, executive officers and employees may be deemed to be participants in the solicitation of
proxies from Wright’s and Tornier’s shareholders in connection with the proposed transaction. Information about the directors and
executive
officers
of
Wright
and
their
ownership
of
Wright
stock
is
set
forth
in
Wright’s
annual
report
on
Form
10-K
for
the
fiscal
year
ended December 31, 2013, which was filed with the SEC on February 24, 2014 and its proxy statement for its 2014 annual meeting of
stockholders, which was filed with the SEC on March 31, 2014. Information regarding Tornier’s directors and executive officers is
contained in Tornier’s annual report on Form 10-K for the fiscal year ended December 29, 2013, which was filed with the SEC on
February 21, 2014, and its proxy statement for its 2014 annual general meeting of shareholders, which was filed with the SEC on May
16, 2014. These documents can be obtained free of charge from the sources indicated above.  Certain directors, executive officers and
employees of Wright and Tornier may have direct or indirect interest in the transaction due to securities holdings, vesting of equity
awards and rights to severance payments. Additional information regarding the participants in the solicitation of Wright and Tornier
shareholders will be included in the joint proxy statement/prospectus.
Important Additional Information and Where To Find It
4


Wright and Tornier Agree to Merge Creating Premier
High-Growth Extremities-Biologics Company
Combination Will Offer Comprehensive Upper and Lower Extremity Product Portfolio and Broad
Global Reach
Further
Accelerates
Growth
Opportunities
in
Three
of
the
Fastest
Growing
Areas
in
Orthopaedics
Adds Significant Scale and Scope to Provide Accelerated Path to Profitability and Stronger
Financial Profile
Wright
Receives
Approvable
Letter
from
FDA
for
Augment®
Bone
Graft
Today’s Announcement
5


Products
Recent Strategic Initiatives
Extremities-Biologics company with leadership position
in in Lower Extremities --
foot & ankle
NASDAQ: WMGI     www.wmt.com
HQ in Memphis, TN; operations run out of U.S.
2013 revenue: $242M
Products sold in over 60 countries
1,000 employees globally
INBONE
®
and
INFINITY
®
Total
Ankle Systems
ORTHOLOC
®
Reconstructive
Plates
PRO-TOE
®
Hammertoe
Implants
Biologics
Business Mix
Company Summary
Completed transformation to high growth Extremities-
Biologics pure play through successful divestiture of
OrthoRecon business (Jan 2014)
Integration of Solana and OrthoPro (acquired in 1Q14)
Commercial launch of INFINITY
®
total ankle replacement
system (June 2014)
Approvable letter received from FDA for Augment®
Bone
Graft
Wright at a Glance
*2013 revenue
6
73%
27%
3%
10%
25%
62%
US
International
Other
Upper Extremities
Biologics
Foot & Ankle


Leverages direct sales
force, training capabilities
Further accelerate
growth
Bone repair, soft tissue
indications
Unique solution for
ankle and/or hindfoot fusion
Breakthrough biologic
Platform for future
growth opportunities
First clinically proven, cost-effective alternative to autograft for ankle and/or hindfoot fusion
indications
Roughly a $300M U.S. Market Opportunity
Final approval subject to customary preapproval inspections
Augment
®
Bone Graft is Approvable for Ankle and/or Hindfoot
Fusion Indications
7


Augment Accelerates Wright’s Growth Opportunities
8
Demonstrated  results  
Eliminates harvest site
complications
Patients avoid any
donor site pain
Ankle
Fusions
Hindfoot
Fusions


Extremities company with leadership position in Upper
Extremities --
shoulder
NASDAQ: TRNX     www.tornier.com
HQ in Netherlands; operations run out of U.S., France
and Ireland
2013 revenue: $311M
Products sold in 45 countries
1,076 employees globally
Aequalis Ascend Flex
Shoulder System
Latitude EV Elbow
Prosthesis
Salto Talaris Total
Ankle Prosthesis
CannuLink
Intraosseous
Fixation System
Transitioned US Sales organization into separate
dedicated Upper and dedicated Lower Extremity reps,
including a significant portion from Distributor to Direct
Global commercial launch of Aequalis Ascend Flex
convertible shoulder system (July 2013)
First and only Japanese Reversed Shoulder approval
received and commercial launch underway
Integration of OrthoHelix (acquired in 4Q12)
Tornier at a Glance
9
*2013 revenue
41%
US
International
59%
Business Mix
Products
Company Summary
Recent Strategic Initiatives
59%
19%
17%
5%
Upper Extremity
Lower Extremity
Large Joint
Sports Med &
Biologics


All stock transaction resulting in a combined equity value of approx.
$3.3B
Combined company ownership: 52% Wright / 48% Tornier existing
shareholders
For Tornier shareholders, exchange ratio implies a per share value for
Tornier that represents a 28% premium to Tornier’s closing share price
on October 24, 2014
Transaction is subject to customary closing conditions, including the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as
well as Wright and Tornier shareholder approval
Close expected in the first half of 2015
Transaction Overview
10


Creates the Premier High-Growth Extremities-Biologics Company with Comprehensive Upper
and Lower Extremity Product Portfolio and Broad Global Reach
10% of revenue 
59% of revenue
*2013 revenue
UPPER EXTREMITIES
LOWER EXTREMITIES
62% of revenue 
19% of revenue
EVOLVE®
Radial Head
INFINITY®
Total Ankle System
Aequalis™
Ascend Flex
Convertible Shoulder System
CannuLink™
Intraosseous
Fixation System
Compelling Strategic Rationale
11
Natural, highly complementary fit of both businesses that retains pure-play extremities strategy
Combined
business
will
be
better
positioned
to
increase
focus
on
the
needs
of
surgeon
specialists
and
combined
research
and
development
teams
will
power
innovation
to
enhance
patient
outcomes
Larger
combined
presence
and
product
portfolio
creates
scale
to
better
leverage
time
and
capabilities
of
sales force in the hospital contracting process


Further
Accelerates
Growth
Opportunities
in
Three
of
the
Fastest
Growing
Areas
in
Orthopaedics
Compelling Strategic Rationale
12
UPPER
EXTREMITIES
$1.7B
$2.8B
8-10%
CAGR
LOWER
EXTREMITIES
$1.1B
$1.4B
BIOLOGICS
5-6%
CAGR
$2.7B
$3.7B
8-9%
CAGR
Goal is to leverage sales force and strong product portfolio to drive accelerated growth in upper and lower extremities
Combination provides Wright with access to large, upper extremities market with leadership position
in shoulder 
Opportunities for selling biologics across expanded upper and lower extremities product portfolio
Adds diversity and scale across various geographies and product categories
Available Market ~$7.9B


Adds Significant Scale and Scope to Provide Accelerated Path to Profitability and Stronger
Financial Profile
Compelling Strategic Rationale
13
Provides needed scale for both
businesses without diluting focus
Anticipate revenue for combined
business growing in mid-teens and
adjusted EBITDA margins approaching
20% in three to four years
Cost synergies expected in the range of
$40 million to $45 million realized by
year three
Anticipate transaction will be accretive
to
the
combined
companies’
adjusted
EBITDA in second full-year after
completion of the transaction
59%
19%
5%
17%
Tornier Sales ~$330M
Upper
Extremity
Lower
Extremity
Sports Med
& Biologics
Large Joint
10%
62%
25%
3%
Wright Sales ~$300M
Upper
Extremity
Lower
Extremity
Biologics
Other
40%
41%
12%
9%
Combined Sales
$600+M
Upper Extremity
Lower Extremity
Sports Med & Biologics
Large Joints


Employees
Customers
Shareholders
Benefits to Key Stakeholders
14
Significantly expands the breadth and depth of extremity products we offer surgical
specialists
Combined products, sales and distribution talent, medical education and relationships
will allow us to increase our focus on the needs of the surgeon specialists
Dedicated research and development teams will power enhanced innovation across the
combined product portfolio to enhance patient outcomes
Benefit from being part of a larger, dynamic organization that brings together two
leading companies and offers enhanced opportunities for career growth
Blend and maximize the best of our combined talents, capabilities, technologies and
cultures to bring to life a great new company
Further expand sales in three of the fastest growing areas in orthopaedics to accelerate
the path to profitability and a stronger financial profile
Opportunity to participate in the significant upside and future growth prospects
expected from a larger, stronger, combined organization


Combined
company
to
be
called
“Wright
Medical
Group
N.V.”
and
anticipate
stock
will
continue
to be NASDAQ listed and will continue to trade under ticker “WMGI”
Incorporated in the Netherlands
Tornier headquartered here for approximately 8 years
Best supports the growth strategy driving the merger
Over the long-term, it is anticipated that this structure will provide company with more
accessible cash flow, enhancing ability to grow, creating long-term shareholder value
U.S. headquarters to remain in Memphis, Tennessee:
U.S. headquarters for Lower Extremity and Biologics business will be based  in Wright’s
existing facility in Memphis, TN and Augment team will continue to be based at its facility
in Franklin
U.S. headquarters for Upper Extremity business will be based within Tornier’s existing
facility in Bloomington, MN and its U.S. engineering center in Warsaw, IN
Leadership:
Robert Palmisano to become President and Chief Executive Officer
David Mowry to become Executive Vice President and Chief Operating Officer
Board of Directors: 5 representatives from Wright’s existing board, 5 representatives from
Tornier’s existing board
Corporate Structure
15


Timing
Expected to close in the first half of 2015
Regulatory approvals
Subject to customary closing conditions, including HSR
Subject to Wright and Tornier shareholder approval
Upcoming milestones
Wright third quarter 2014 earnings call scheduled for November 5, 2014
Tornier third quarter 2014 earnings call scheduled for November 6, 2014
Conclusion and Next Steps
16


Creating Premier High-Growth Extremities-Biologics Company
Comprehensive Upper and Lower Extremity Product Portfolio
and Broad Global Reach
Accelerated Growth Opportunities in Three of the Fastest
Growing Areas in Orthopaedics
Significant Scale & Scope to Provide Accelerated Path to
Profitability and Stronger Financial Profile
17


For additional information, please contact:
Julie Tracy
Shawn McCormick
Chief Communications Officer
Chief Financial Officer
julie.tracy@wmt.com
shawn.mccormick@tornier.com
(901) 290-5817
(952) 426-7646
www.wmt.com
www.tornier.com
NASDAQ: WMGI
NASDAQ: TRNX
18