42nd Annual JP Morgan Healthcare Conference

Animal health poised for strong, sustainable growth Innovation and market expansion are increasing opportunities Expected Market Growth ($B)1 ~$45B 1 4-6% CAGR $55B-$65B 4-6% CAGR $70B-$85B 2022 2027 2032 1 Source: Zoetis internal estimates based on industry data for core animal health market and diagnostics, genetic tests and biodevices. Key market drivers in the next 5-10 years Increasing medicalization Growing human-animal bond • Innovating to treat chronic diseases and improve wellness ● ● ● ● Expanding global population and animal protein demand Advancing sustainable animal agriculture zoetis

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