Investor Presentaiton
STRATEGIC DELIVERABLES
PROGRESS SINCE THE LAST EARNINGS CALL
Invest in Current Portfolio
Gross Margin: Non-GAAP gross margin of
79.8% in Q2
SG&A: 18% increase in Q2 primarily driven
by recent and upcoming product launches
Invest in Future Innovation
•
R&D: 32% increase in Q2 driven by late-
stage assets and early-stage research
CAPEX: Commercial production initiated at
the RTP facility
Business Development: Completed the
divestitures of Baqsimi and olanzapine;
announced acquisitions of DICE
Therapeutics, Sigilon Therapeutics and
Versanis Bio
Return Capital to Shareholders via:
Deliver Revenue Growth
Lilly
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Excluding Baqsimi® and sales of COVID-19 antibodies¹,
revenue grew 22% in Q2, driven by volume growth of 23%
Together, New Products and Growth Products2 contributed.
approximately 26 percentage points of volume growth in Q2
Speed Life-Changing Medicines
Dividend: Distributed over
$1 billion in Q2
Announced positive results in the Phase 3 TRAILBLAZER-
ALZ 2 study and the submission of donanemab for
traditional approval to the FDA and in the EU;
Announced the completed submission of tirzepatide in
chronic weight management to the FDA and tirzepatide
SURMOUNT-3 and -4 positive topline results; and
Announced the approval of mirikizumab in the EU and re-
submission in the U.S.
Share Repurchase: $750 million YTD
1 Sales for COVID-19 antibodies include bamlanivimab, etesevimab and bebtelovimab sold pursuant to Emergency Use Authorization or similar regulatory authorizations
2 Refer to slide 9 for a list of New Products and Growth Products
Not for promotional use
2023 Q2 EARNINGS
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