Taro Shareholder Value Creation and Strategic Overview

6 ☐ Strategy and Opportunity Complex, niche products TARO CREATE SUSTAINABLE REVENUE STREAMS Differentiation: Technically complex products COST LEADERSHIP ㅁ Vertical integration: Development through Manufacturing (API and Finished Dosage) □ Optimize operational costs ㅁ ☐ Regulatory barriers to entry Speed to market BALANCE PROFITABILITY AND INVESTMENTS FOR FUTURE ☐ Development of complex generics ☐ Growth both organically and through strategic business development

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