Investor Presentation Q1 2018

Investor Presentation First three months of 2018 Slide 5 Sales growth driven by both International Operations and North America Operations - Sales as reported – first quarter of 2018 Growth break down – first quarter of 2018 Region Region Latin America Japan & Korea (14%) +44% Local currencies Growth Share of growth North America Operations 3% 30% 4% Region China (1%) Hereof USA 3% 30% 5% International Operations 8% 70% 11% Region Region Europe 1% 2% AAMEO 11% 50% (2%) North America Operations (11%) Region AAMEO 12% 23% Region China 6% 12% Region Europe 19% Region Japan & Korea (6%) (6%) 0% Region Latin America 73% 39% Sales of DKK 26.9 billion (5%) Total sales 5% 100% AAMEO: Africa, Asia, Middle East & Oceania changing diabetes novo nordisk

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