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Investor Presentation

Attractive market fundamentals | Leadership and scale | Multiple growth drivers Margin improvement | Attractive financial outlook | Compelling sustainability story Ⓒ Procurement optimization expected to contribute substantially to operational improvements in the mid-term Current scale and complexity >USD 4bn of external spend >13,600 suppliers Fragmented and dependent procurement organization Multiple procurement initiatives for standalone Sandoz Leverage scale Reduce complexity • Contract negotiation Consolidate suppliers and leverage strategic partnerships • Drive API and direct material substitution • • Optimize indirect services • Harmonize and simplify product portfolio • Exploit advanced data, analytics and digital tools Simplify organization • • Improve internal demand management Simplify internal business processes Global Head Procurement appointed Consolidate procurement team Expedite exit of agreements with Novartis 20 Management Presentation SANDOZ
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