Investor Presentaiton

Expanding opportunity Significant capital needs Innovative funding Facilitating M&A Differentiated sourcing Existing royalties created by academia and non-profits $50 $25 NIH federal funding increasing Royalty Pharma transactions Select academic & non-profit partners (2012-present, committed capital) ~$45bn Academia / non-profit CYSTIC FIBROSIS MGH FOUNDATION 1811 MASSACHUSETTS GENERAL HOSPITAL $0 1995 75% Corporate Present 25% UCLA CH Children's Hospital of Philadelphia NYU Northwestern University EMORY Duke UNIVERSITY UNIVERSITY >$100 billion invested per year globally by government, academia and research institutions (1) ROYALTY PHARMA NIH: National Institutes of Health 1. Investments from the government, academia and research institutions including the NIH, Wellcome Trust, Howard Hughes Medical Institute and others 34

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