Alcon Q1 2023 Earnings Presentation

Q1 2023 Core operating margin¹ bridge 1Q23 vs. 1Q22, % of net sales ● ● 20.6 Alcon 1.6 0.6 Gross Margin SG&A (0.9) 1Q22 Other income/ expense Key drivers Improved underlying operating leverage from higher sales and manufacturing efficiencies, offset by unfavorable product mix from lower PCIOL sales in South Korea and increased R&D Negative 130 bps impact from currency R&D 21.9 1. Core operating margin is a non-IFRS measure. An explanation of non-IFRS measures can be found in the Appendix. (1.3) 20.6 Foreign Exchange 1Q23 15

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