Taro Shareholder Value Creation and Strategic Overview

A-Ks 200 75 8 HOCH Research & Development - Investing for the future – $290 million over 5 years (in millions) $63.2 $59.8 $60.2 $54.5 $52.2 March 31, 2019 March 31, 2020 March 31, 2021 March 31, 2022 March 31, 2023 $30.5 $23.0 6 mos. 9/30/22 6 mos. 9/30/23 TARO

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