Novartis : Q4 2021 Presentation

Participants	Company overview	Pharmaceuticals	Oncology	Financial review	Conclusion	Appendix

Q4 2021 Results

Investor presentation

1 Investor Relations │ Q4 2021 Results

Participants	Company overview	Pharmaceuticals	Oncology	Financial review	Conclusion	Appendix

Disclaimer

This presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, that can generally be identified by words such as "potential," "expected," "will," "planned," "pipeline," "outlook," or similar expressions, or by express or implied discussions regarding potential new products, potential new indications for existing products, potential product launches, or regarding potential future revenues from any such products; or regarding potential future, pending or announced transactions, including the acquisition of Gyroscope Therapeutics; regarding potential future sales or earnings of the Group or any of its divisions or products; or by discussions of strategy, plans, expectations or intentions; or regarding the Group's liquidity or cash flow positions and its ability to meet its ongoing financial obligations and operational needs; or regarding the strategic review of Sandoz; or regarding our commitment to carbon neutral emissions by 2030 and net zero emissions by 2040. Such forward-looking statements are based on the current beliefs and expectations of management regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. You should not place undue reliance on these statements. In particular, our expectations could be affected by, among other things: liquidity or cash flow disruptions affecting our ability to meet our ongoing financial obligations and to support our ongoing business activities; the impact of the COVID-19 pandemic on enrollment in, initiation and completion of our clinical trials in the future, and research and development timelines; the impact of a partial or complete failure of the return to normal global healthcare systems including prescription dynamics, particularly in oncology and generics; global trends toward healthcare cost containment, including ongoing government, payer and general public pricing and reimbursement pressures and requirements for increased pricing transparency; uncertainties regarding potential significant breaches of data security or data privacy, or disruptions of our information technology systems; regulatory actions or delays or government regulation generally, including potential regulatory actions or delays with respect to the development of the products described in this presentation; the potential that the strategic benefits, synergies or opportunities expected from the transactions described, including Gyroscope Therapeutics, may not be realized or may be more difficult or take longer to realize than expected; the uncertainties in the research and development of new healthcare products, including clinical trial results and additional analysis of existing clinical data; our ability to obtain or maintain proprietary intellectual property protection, including the ultimate extent of the impact on Novartis of the loss of patent protection and exclusivity on key products; safety, quality, data integrity, or manufacturing issues; uncertainties involved in the development or adoption of potentially transformational technologies and business models; uncertainties regarding actual or potential legal proceedings, investigations or disputes; our performance on environmental, social and governance measures; general political, economic and business conditions, including the effects of and efforts to mitigate pandemic diseases such as COVID-19; uncertainties regarding future global exchange rates; uncertainties regarding future demand for our products; and other risks and factors referred to in Novartis AG's current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this presentation as of this date and does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.

DARPin® is a registered trademark of Molecular Partners AG.

2 Investor Relations │ Q4 2021 Results

Participants	Company overview	Pharmaceuticals	Oncology	Financial review	Conclusion	Appendix

Participants

Vas Narasimhan	John Tsai
Chief Executive Officer	Head of Global Drug Development and CMO
Harry Kirsch	Richard Saynor
Chief Financial Officer	CEO, Sandoz
Marie-France Tschudin	Karen Hale
President, Novartis Pharmaceuticals	Chief Legal Officer
Susanne Schaffert	Samir Shah
President, Novartis Oncology	Global Head Investor Relations

3 Investor Relations │ Q4 2021 Results

Participants	Company overview	Pharmaceuticals	Oncology	Financial review	Conclusion	Appendix

Vas Narasimhan

Chief Executive Officer

Company overview

4 Investor Relations │ Q4 2021 Results

Participants	Company overview	Pharmaceuticals	Oncology	Financial review	Conclusion	Appendix

Novartis presents an attractive profile for investors

1		2		3		4		5
Clear		Attractive		Strong mid/late-		Platform		Balanced capital
strategy		growth profile		stage portfolio		leadership		allocation
Delivering on		Confident in 4%+		Breadth and depth,		Continue to develop		Aims to combine
strategy as a focused		sales CAGR (2020		20+ assets with		leadership across		investing in core
medicines company,		to 2026), above peer		USD ≥1bn potential,		TPD, Cell, Gene,		business and returning
powered by		median growth		fuel further growth		RLT, xRNA platforms		excess capital to
technology platforms		beyond 2026		to 2030 and beyond				shareholders
		High 30s IM margin

TPD - Targeted Protein Degradation RLT - Radioligand Therapy

5 Investor Relations │ Q4 2021 Results