Investor Presentaiton

Investor Presentation First nine months of 2018 The branded diabetes market has a global value of DKK ~250 billion annually Slide 51 2016/17 2017/18 Growth Global diabetes market The USA -9% -3% bDKK bDKK 256 143 247 150 131 -16% 250 100 77 65 50 18% 29 34 -14% 200 25 21 -12% 12 11 -9% 150 144 132 0 Total Insulin GLP-1 DPP-IV SGLT-2 Rest of world 100 50 bDKK 3% -6% 18% 150 113 116 -1% 56 53 45 38 3% 100 3% 67 66 18% 17 18 50 31 32 9 11 0 Total Insulin GLP-1 DPP-IV SGLT-2 Total Insulin GLP-1 DPP-IV 2016/17: Covers the four quarters from Q3 2016 to Q2 2017 2017/18: Covers the four quarters from Q3 2017 to Q2 2018 Note: Constant exchange rates between periods Source: Company reported sales 42% 5 7 SGLT-2

View entire presentation