Cipla Ltd. — Investor Presentation 2019

Aug 7, 2019

71h August, 2019

• (1) BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
• (2) National Stock Exchange of India Limited Listing Department Exchange Plaza, 51h floor, Plot no. C/1, G Block, Sandra Kurla Complex, Sandra (East), Mumbai- 400 051

Scrip Code: 500087

Scrip Code: CIPLA EQ

(3) SOCIETE DE LA BOURSE DE LUXEMBOURG Societe Anonyme 35A Boulevard Joseph II, L-1840 Luxembourg

Sub: Investor Presentation

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed investor presentation dated 71h August, 2019.

This is for your information and record.

Thanking you,

Yours faithfully, For Cipla Limited

Rajendra Chopra Company Secretary

Encl: as above

Prepared by: Mandar Kurghode

Investor Presentation Q1FY20

07-08-2019

Disclaimer

Except for the historical information contained herein, statements in this presentation and the subsequent discussions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, our growth and expansion plans, our ability to obtain regulatory approvals, technological changes, fluctuation in earnings, foreign exchange rates, our ability to manage international operations and exports, our exposure to market risks as well as other risks. Cipla Limited does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Information relating to any medical products or medical devices contained herein is provided by Cipla for general information purposes only. Information on any of the medical products or medical devices may vary from country-to-country. A reference to a medical product or a medical device does not imply that such medical product or medical device is available in your country. The commercial availability of the medical products or medical devices listed herein in your country is dependent on the validity and status of existing patents and/or marketing authorizations related to each. An independent enquiry regarding the availability of each medical products or medical device should be made for each individual country.

The product information contained herein is not intended to provide complete medical information, and is not intended to be used as an alternative to consulting with qualified doctors or health care professionals.

Nothing contained herein should be construed as giving of advice or the making of a recommendation and it should not be relied on as the basis for any decision or action. It is important to only rely on the advice of a health care professional.

Key milestones achieved in the quarter:

1	India &South Africa Private	India continues strong secondary performance across key therapies and outpacing the•market in Respiratory and Cardiology•South Africa private business continues to outperform the market; grew over 2 times themarket at 7.3%1
2	US GenericsRamp-up	Approvals received for Ambrisentanand Pregabalin•Respiratory trials for generic Advair on track••IP-enabled Cinacalcet continued to drive growth in the business; US Court of Appeals inthe Third Circuit dismissed innovator's motions in appeal for injunction
3	New Investments	•Acquired worldwide rights (excluding Greater China) of ZEMDRI™ (IV Plazomicin) fromAchaogenInc. in a Chapter 11, U.S. Bankruptcy Code auctionSigned a definitive agreement to form a manufacturing JV and opened office in China;•critical milestone in the journey to establish a respiratory franchise in the market•Executed transaction for development and commercialization of inhaled itraconazoleinUS with Pulmatrix
4	Operations	Received EIR for Kurkumbhplant for the inspection conducted by the United States Food•and Drug Administration (USFDA) from 11th March 2019 to 20th March 2019
5	Profitability	•Despite significant global volatility and revenue deferrals for the quarter, profitabilitymaintained1. As per IQVIA MAT Jun'19
Investor Presentation: Q1FY203

Cipla furthers Anti-Microbial Resistance (AMR) stewardship with acquisition of key anti-infective ZEMDRI™ (IV Plazomicin)

ZEMDRI (IV Plazomicin)

• A novel aminoglycoside with a robust clinical data package and convenient once daily dosing
• Strong commercial synergies with IV Tramadol1 in the Institutional Specialty space

TransactionDetails		•AcquiredfromAchaogenInc.inaChapter11,U.S.BankruptcyCodeauctionofAchaogen'sassetsCiplahasacquiredworldwiderightsofZEMDRI™(excludingGreaterChina)•withitsalliedassetsandlimitedliabilities
United States	FDA ApprovedandCommercial	•ApprovedforpatientswithcUTI(complicatedUrinaryTractInflection),includingpyelonephritis•DataoncUTIwithconcurrentbacteremiaincludedinclinicalsectionandactivityagainstcarbapenemresistantisolatesincludedinmicrobiologysection
European Union	Filed andunder-review	•RegulatorysubmissionfocusedoncUTI,includingpyelonephritis,BSI(BloodSteamInflection)duetoCRE(Carbapenem-resistantEnterobacteriaceae)andinpatientswithlimitedtreatmentoptions

1. Avenue Therapeutics second tranche contingent on key label conditions

Financial Performance – Q1FY20

1 Others: Includes CNV business, Vet and others; SAGA includes South Africa, Sub-Saharan Africa and Cipla Global Access; Percentages have been rounded-off

India (Rx + Gx)

• Cipla continued to perform well across key therapeutic areas:
  • Strong prescription trends across therapies
  • Continued to maintain leadership position (#1 IPM Rank) across Respiratory and Urology
  • Chronic therapies continue to drive a significant share of growth and grew 14% vs 12% market growth
  • Respiratory growth at 14% vs market growth of 9% and Cardiology grew by 18% vs market growth of 12%

1. IQVIA Q1-FY20

North America: Significant growth driven by contribution from limited competition assets

1 Only DTM revenues of new launches considered; Including contribution from Cinacalcet

SAGA1 : South Africa, Sub-Saharan Africa and Cipla Global Access

South Africa:

• As per IQVIA (IMS) MAT Jun'19, South Africa business grew at more than two times the market at 7.3% in the private market
• Acquired portfolio of Mirren in the OTC space delivered over 10% growth
• Tender business to rebase in-line with new tender supplies in Q2

1. Financial numbers are rounded off | 2. As per IQVIA MAT Jun'19

EM, Europe and API

• Biosimilars franchise in the EM: Partnership with Alvotech on adalimumab biosimilar for select emerging markets
• Quarter impacted by deferral of despatches to the first week of July and the continuing challenges in the middle eastern markets

• 44% year on year increase driven by strong performance in key products and contribution from new launches
• Market share of FPSM in over 14% across Europe, as per IQVIA MAT Mar'19; UK share over 10% now

• New product launch in ARV
• Strong momentum continues in seedings and lock-ins

Key priorities for the upcoming quarters:

India

1

2

3

4

• o Drive further growth in Chronic portfolio
• o Launch key patient-focused initiatives in Respiratory
• o Improved execution on the acute portfolio by focusing on micro-market segments

South Africa / SAGA

• o Drive private market portfolio to deliver growth in the overall business offsetting impact of new tender supplies
• o Evaluate portfolio choices in Global Access

US:

• o Focus on limited competition launches in the later part of Q3
• o Drive ramp-up in existing limited competition assets
• o Smooth transition of IV Plazomicin into Cipla portfolio

Quality and Compliance

• o Respond to USFDA within the stipulated time for the observations at API plant in Virgonagar, Bangalore
• o Continue to operate our facilities globally with the highest level of compliance and control

Thank you

Registered Office :

Cipla Limited, Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013

For any queries, please contact Naveen Bansal Investor.Relations@cipla.com

For more information please visit www.cipla.com