Coloplast — Earnings Release 2016

Nov 2, 2016

Please see enclosed pdf.

Highlights

� Organic revenue growth was 7%. Revenue in DKK was up by 6% to DKK
14,681m.

� Organic growth rates by business area: Ostomy Care 9%, Continence Care
5%, Urology Care 9% and Wound & Skin Care 6%.

� Gross profit was up by 5% to DKK 10,032m. At constant exchange rates,
the gross margin was 69% compared to 68% last year. In DKK, the gross margin
was 68%, against 69% last year.

� EBIT before special items was up by 7% to DKK 4,846m. The EBIT margin
before special items was 34% at constant exchange rates, against 33% last year.
Measured in DKK, the EBIT margin was 33%.

� EBIT was impacted by a further provision of DKK 750m to cover potential
settlements and costs in connection with the lawsuits in the United States
alleging injury resulting from the use of transvaginal surgical mesh products
designed to treat pelvic organ prolapse and stress urinary incontinence.

� EBIT after special items was DKK 4,096m for an EBIT margin after
special items of 28% at constant exchange rates. Measured in DKK, the EBIT
margin was 28%.

� The full-year net profit before special items was up by 15% to DKK
3,728m, while diluted earnings per share before special items were also up by
15% to DKK 17.53.

� Net profit for the year after special items was DKK 3,143m, against DKK
899m last year.

� The free cash flow amounted to DKK 2,425m, DKK 444m (15%) less than
last year. Adjusted for payments made in connection with lawsuits alleging
injury resulting from the use of transvaginal surgical mesh products, the free
cash flow was an inflow of DKK 4,023m against DKK 2,786m in 2014/15.

� ROIC after tax before special items was 49% against 48% last year.

� The Board of Directors recommends that the shareholders attending the
general meeting to be held on 5 December 2016 approve a year-end dividend of
DKK 9.0 per share. This brings the dividend paid for the year to DKK 13.5 per
share, as compared with DKK 12.5 per share last year.

Financial guidance for 2016/17

� We expect organic revenue growth of 7-8% at constant exchange rates and
of 5-6% in DKK.

� We expect an EBIT margin of 33-34% at constant exchange rates and at
about 33% in DKK.

� Capital expenditure is expected to be about DKK 700m.

� The effective tax rate is expected to be about 23%.