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ANNUAL REPORT 2010 Solutions for a Safer and Healthier World Sales by Segment Sales by Geography (in millions) (in millions) Healthcare Asia $207 $50 Optoelectronics EMEA $137 $126 Security Americas $251 $419 OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 30 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end- product markets. EPS* Operating Cash Flow (millions) $1.39 $52.2 $44.5 $0.91 $0.74 -$2.3 -$0.7 -$0.30 ’07 ’08 ’09 ’10 ’07 ’08 ’09 ’10 *Non-GAAP EPS excludes impairment, restructuring, and other non-recurring charges. These non-GAAP figures are provided to allow for the comparison of underlying earnings, net of non-recurring items, providing insight into the ongoing operations of OSI Systems, Inc. FELLOW SHAREHOLDERS | Fiscal 2010 was an exceptional For example, our Healthcare division successfully introduced year for OSI Systems as we continued to deliver strong the élance, an ultra-lightweight, versatile patient monitor, to growth in operating income, earnings and cash flow. We also the Chinese market where it has been enthusiastically positioned ourselves well for the future with the introduction accepted. The élance, which was developed in our state-of- of several new products and services in our Security and the-art R&D facility in Suzhou, China, is particularly well Healthcare divisions. Our operating income grew over 50% suited for international markets and has enjoyed favorable from the prior year with all three divisions making a notable receptions in India, Europe and Latin America.
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