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Management Presentation

Attractive market fundamentals | Leadership and scale | Multiple growth drivers | Margin improvement | Attractive financial outlook | Compelling sustainability story Attractive and growing market with increasing share in Biosimilars Off-patent market1 Gross sales, in USD bn 208 23 185 2022 Generics Biosimilars Key drivers 420 CAGR '22-'31 Supportive demographic trends +8% 122 +20% Challenged healthcare systems Growing value of loss of exclusivity 298 +5% 2031 1. Based on Company analysis using IQVIA Analytics Link MAT12-2022 data in LCUSD at gross price, excludes certain sizeable markets with no or limited Sandoz operations; 2022-2031 CAGR for Biocomparable, Early Entry Generics and Generics as defined by IQVIA and includes all ATC and NFC forms 9 Management Presentation Shifting share towards Biosimilars Increasing market adoption of Generics and Biosimilars SANDOZ
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