Ocular Health Market Growth Strategy

Clearly defined capital allocation framework Key priorities ③ Invest in organic growth drivers Invest in R&D Investment Organic growth Dividends Capital enhancements Disciplined BD&L and M&A о Return to shareholders Expect to pay regular cash dividend beginning in 2020 at approximately 10% of 2019 core net income¹ Alcon Returns to shareholders Operating cash flow Share buyback Business Development & Licensing (BD&L) Mergers & Acquisitions (M&A) Targeting investment grade credit rating 1. Future dividend policy, including potential dividend increases, will be subject to recommendation by the new Alcon Board of Directors and shareholder approval 25

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