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Management Presentation

Attractive market fundamentals | Leadership and scale | Multiple growth drivers Margin improvement | Attractive financial outlook | Compelling sustainability story E Expanding breadth and depth of pipeline 2x expected overall launch contribution to net sales in the next five years¹ >400 Generics in pipeline 25 Biosimilars in pipeline ~3x number of Biosimilars in development over the last five years Increasing contribution from complex products Focused on high-value opportunities -50% of launch contribution to net sales expected to be derived from Biosimilars in the next five years >USD 145bn of originator sales covered² >USD 206bn of originator sales covered³ 1. Compared to prior five years, for both Generics and Biosimilars; 2. LoE value covered based on Company analysis using Sandoz IP and IP database; 3. Originator sale covered based on Company analysis using Evaluate Pharma; at full year prior to expected market formation year. 16 Management Presentation SANDOZ
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