CSL Ltd. — Capital/Financing Update 2023

Jun 13, 2023

For immediate release

14 June 2023

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Market Update

CSL Limited (ASX:CSL; USOTC:CSLLY) today updates investors on the impact of foreign currency movements on the Company’s fiscal year (FY) 23 forecast profit. CSL now expects a foreign currency headwind of ~USD $230 million to $250 million, up from USD $175 million anticipated at the time of the half year result.

Constant currency profit guidance for FY23[1] remains unchanged, albeit now skewed to the top end of the range.

CSL also notes the broad range of published analyst profit projections for FY24. Following finalisation of next year’s budget, CSL advises NPATA[2] is expected to grow ~13 – 18%[3] to ~USD $2.9 billion - $3.0 billion at constant currency[4] .

In compiling financial forecasts, a number of key variables that may have a significant impact on guidance have been identified and are included in the footnote[5] .

Investor Call

CSL’s Chief Executive Officer and Managing Director, Paul McKenzie and Chief Financial Officer, Joy Linton will today host a call to provide commentary on today’s market update.

Date: Wednesday 14 June 2023 Time: 10.00am (AEST) - - Please register via the following link: https://s1.c conf.com/diamondpass/10031358 jan4im.html

Detailed financial and operational performance will be provided at the Company’s results announcement on 15 August 2023.

Authorised by Fiona Mead Company Secretary

For further information, please contact:

Investors:

Bernard Ronchi Director, Investor Relations CSL Limited P: +61 3 9389 3470 E: bernard.ronchi@csl.com.au

Stephen McKeon Director, Investor Relations CSL Limited P: +61 402 231 696 E: stephen.mckeon@csl.com.au

Media:

Jimmy Baker Communications CSL Limited P: +61 450 909 211 E: jimmy.baker@csl.com.au

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1 At CSL’s result announcement in February 2023, the Company provided guidance for FY23 of:

• Revenue growth of 28 – 30% at constant currency[1] , and

• NPATA[1] attributable to CSL shareholders of approximately $2.7 billion to $2.8 billion at constant currency.

• 2 NPATA is adjusted to exclude impairment and amortisation of acquired intellectual property, business acquisition and integration costs and other acquisition accounting adjustments.

3 Growth calculations – estimates only:

	FY23(USD)	Growth	Growth	FY24	FY24	(USD)
Top end of NPATA	$2,800m
guidance @ CC
FX Headwind – top	~250m
end of estimate
NPATA1 guidance at	$2,550m	13%	18%	$2,880m		$3,010m	@FY23 FX
reported rates							rates

• 4 Constant currency (CC) removes the impact of exchange rate movements, facilitating the comparability of operational performance.

5 Key variables that could cause actual results to differ materially include: the success and timing of research and development activities; decisions by regulatory authorities regarding approval of our products as well as their decisions regarding label claims; competitive developments affecting our products; the ability to successfully market new and existing products; difficulties or delays in manufacturing; ability to collect plasma; trade buying patterns and fluctuations in interest and currency exchange rates; legislation or regulations that affect product production, distribution, pricing, reimbursement, access or tax; acquisitions and divestitures; research collaborations; litigation or government investigations; and CSL’s ability to protect its patents and other intellectual property.

2