Investor Presentation - First Nine Months of 2016

Investor presentation First nine months of 2016 Slide 106 Long term financial targets: Operating profit growth and operating margin Operating profit growth New long term financial target Operating margin Previous long term financial targets 35% Previous long term financial targets 45% 30% 25% 30% 20% 15% 10% 15% 5% 0% 0% 2011 2012 2013 2014 2015 2016 New Target¹ 2011 2012 2013 2014 2015 No Target² Note: The long term financial targets are based on an assumption of a continuation of the current business environment 2 A new target for operating margin has not been established 1 New long-term target established in connection with the Q3 2016 report changing diabetes® novo nordisk

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