Hikma Pharmaceuticals PLC

Hikma Pharmaceuticals PLC

This document, which has been issued by Hikma Pharmaceuticals PLC (the Company ), comprises the written materials/slides for a presentation. This document and its contents are confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose without the consent of the Company. This document is intended for distribution in the United Kingdom only to persons who have i) professional experience in matters relating to investments who fall within Article 9(5); or ii) high net worth companies or unincorporated associations falling within Article 49, in each case of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or to those persons to whom it can otherwise lawfully be distributed. The contents of this presentation are only available to such persons and any persons of any other description should not act upon the contents of this document or any other information supplied with it. This document does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, any shares in the Company to any person in any jurisdiction to whom it is unlawful to make such offer or solicitation in such jurisdiction, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. Some of the information is in draft form and has not been legally verified. Neither the company nor any party is under any duty to update or inform you of any changes to such information. In particular, it should be noted that the financial information relating to the Company contained in this document may not have been audited and in some cases is based on management information and estimates. No reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of such persons affiliates, directors, officers or employees, advisors or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted for any such information or opinions or any use which may be made of them. Neither this document nor any copy of it may be taken or transmitted in or into the United States, its territories or possessions, or to any US person (as defined by Regulation S of the US Securities Act of 933 (the Securities Act )) or distributed, directly or indirectly, in the United States, its territories or possessions or to any US person. Neither this document nor any copy of it may be taken or transmitted in or into Australia, Canada or Japan or to Canadian persons. Certain statements in this presentation, are forward-looking statements under the US federal securities laws, including the Private Securities Litigation Reform Act of 995. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak as only of the date of this presentation. By participating in or listening to this presentation or by accepting any copy of this document, you agree to be bound by the foregoing limitations.

Excellent track record of delivering strong growth Group revenue ($ million) CAGR 05-4: 2% 400 200 000 800 600 400 200 2 0 2005 0 2006 0 2007 0 2008 0 2009 0 200 0 20 0 202 0 203 0 204

Operating across the US, the Middle East and North Africa and Europe INJECTABLES Selling specialised generic and branded injectable products globally $73m 48% of Group revenue GENERICS Selling non-injectable generic products across the US BRANDED Selling branded generics and in-licensed products across the MENA region 3 $26m 5% of Group revenue 27 MANUFACTURING SITES IN COUNTRIES 6 R&D CENTRES For the year ended 3 December 204 $55m 37% of Group revenue

Benefiting from a diversified business model 204 revenue by business segment 204 revenue by region 37% 43% 48% 5% 5% 6% Branded Injectables Generics MENA US Europe & ROW 4

Branded

Strong market position in the MENA region MENA top 0 market share (by $ value) 0% Hikma 5-year CAGR (reported): 9% 9% Hikma 5-year CAGR (constant currency): 2% 2 8% 7% 7% MENA market 5-year CAGR: 8% 3 6% 5% 4% 4% 3% 3% 3% 2% 2% 2% 0% Sanofi GSK Novartis Pfizer Hikma Merck & Co Spimaco Astrazeneca Novo Nordidk Tabuk 2 3 4 5 6 7 8 9 0 6 IMS Health, YTD December 204. Private retail sales for top 9 MENA markets, excluding injectables and government tenders 2 Constant currency based on 2009 exchange rates 3 Source: IMS Health

Large and experienced sales team and local manufacturing footprint Over,800 sales people across MENA Morocco 46 $730.9 m Algeria 30 Tunisia 65 Libya 9 Jordan 23 $786.6 m Egypt Lebanon 544 74 Jordan Iraq 50 $98.0 m Saudi Arabia 266 Kuwait 6 Bahrain 6 Qatar UAE 50 6 Oman 9 Sudan 85 Yemen 3 Hikma UAE Sharjah 7 Sales and distribution Manufacturing plants

Developing our Branded pipeline to meet growing demand in specific therapeutic areas Branded launches by therapeutic area 6% 22% % 8% 23% 30% 8% 9% 39% 0% 23% 2% 38% 3% 6% 4% 6% 8% 5% % 5% 48% 2% 2% 3% 203 204 205E 206E 69 launches 59 launches Expecting to launch around 200 products over the next two years Cardiovascular Anti-infectives Opthalmic Dermatology & creams 8 Central Nervous System Diabetes Oncology Others

Injectables

Building strong market positions in the US, MENA and Europe EUROPE 0.5% of Injectables revenue US MENA 76.9% of Injectables revenue KEY 7 MANUFACTURING PLANTS 2 R&D CENTRES 2.6% of Injectables revenue 0 204 Injectables revenue

Successfully growing our US market share by value US generic Injectables market share (million eaches) US generic injectables market share ($ million) 45.0% 40.0% 39.9% 20.0% 8.0% 7.5% 35.0% 6.0% 30.0% 4.0% 25.0% 20.0% 2.0% 0.0%.0% 9.6% 5.0% 0.0% 5.0% 3.0% 3.0% 4.5% 4.4% 3.6% 2.0%.6%.4%.4%.3%.3% 8.0% 6.0% 4.0% 2.0% 6.% 6.% 5.4% 5.3% 5.% 4.2% 4.% 3.4% 3.2% 0.0% 0.0% Source: IMS Healthcare, YTD 2/204 Source: IMS Healthcare, YTD 2/204 Market Share Market Share Dec 203 Dec 204 Change Volume 3.9% 3.0% (0.9) ppt Dec 203 Dec 204 Change Value 4.0% 6.% +2. ppt

Strong product pipeline will drive future growth US Injectables product pipeline at 3 December 204 Includes 9 more differentiated products Hikma products Bedford products 96 3 82 62 Includes 0 2 products that are more differentiated or developed through R&D partnerships 83 5 40 20 Pipeline products Bedford products to be tech transferred & re-launched Products under development 2 Products counted excluding dosage forms and strengths 2 More differentiated products, or products being developed through R&D partnerships, are counted excluding dosage forms and strengths

Generics

Leveraging our FDA approved manufacturing facilities in MENA for the US market US Jordan Saudi Arabia 4 20% of Generics revenue is generated from products manufactured in our MENA facilities

Building a strong product pipeline in niche market segments Generics expected launches, 205 to 2020 20 8 3 6 4 3 4 2 0 3 8 0 7 4 6 2 4 2 0 3 5 5 3 3 205 206 207 208 209 2020 Patches & transdermals Orals - controlled release Orals - other specialised Opthalmics 5 Oncology Other dermatologics Inhalations Other orals

Summary

Building a leading provider of generic pharmaceuticals Delivering high quality, affordable medicines to patients Leading global injectables manufacturer Leading pharmaceutical manufacturer in MENA and emerging markets High quality provider of non-injectable generics in the US 7 Six key strategic priorities Commercial opportunities Pipeline development Operational excellence Investing for growth Employees Sustainability