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Novo Nordisk Capital Markets Day

5 May 2011

The global diabetes care market


Kre Schultz COO

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 2

Forward-looking statements
Novo Nordisks reports filed with or furnished to the US Securities and Exchange Commission (SEC), including the companys Annual Report 2010 and Form 20-F, both expected to be filed with the SEC in February 2011 as well as this document and written information released, or oral statements made, to the public in the future by or on behalf of Novo Nordisk, may contain forward-looking statements. Words such as believe, expect, may, will, plan, strategy, prospect, foresee, estimate, project, anticipate, can, intend, target and other words and terms of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements. Examples of such forward-looking statements include, but are not limited to: - statements of plans, objectives or goals for future operations, including those related to Novo Nordisks products, product research, product development, product introductions and product approvals as well as cooperations in relation thereto, - statements containing projections of or targets for revenues, income (or loss), earnings per share, capital expenditures, dividends, capital structure or other net financials, - statements regarding future economic performance, future actions and outcome of contingencies such as legal proceedings, and - statements regarding the assumptions underlying or relating to such statements. These statements are based on current plans, estimates and projections. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific. Novo Nordisk cautions that a number of important factors, including those described in this document, could cause actual results to differ materially from those contemplated in any forward-looking statements. Factors that may affect future results include, but are not limited to, global as well as local political and economic conditions, including interest rate and currency exchange rate fluctuations, delay or failure of projects related to research and/or development, unplanned loss of patents, interruptions of supplies and production, product recall, unexpected contract breaches or terminations, government-mandated or market-driven price decreases for Novo Nordisks products, introduction of competing products, reliance on information technology, Novo Nordisks ability to successfully market current and new products, exposure to product liability and legal proceedings and investigations, changes in governmental laws and interpretation thereof, including on reimbursement, intellectual property protection and regulatory controls on testing, approval, manufacturing and marketing, perceived or actual failure to adhere to ethical marketing practices, investments in and divestitures of domestic and foreign companies, unexpected growth in costs and expenses, failure to recruit and retain the right employees and failure to maintain a culture of compliance. Please also refer to the overview of risk factors in Risk management of the Annual Report 2010 available as of 4 February 2011 on the companys website (novonordisk.com). Unless required by law Novo Nordisk is under no duty and undertakes no obligation to update or revise any forward-looking statement after the distribution of this document, whether as a result of new information, future events or otherwise.

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 3

Capital markets expect diabetes care to continue to outgrow the general pharmaceutical industry
Growth in global prescription sales versus diabetes care sales (CAGR)
Total Prescription sales Diabetes Care sales Insulin and GLP-1 sales

18.4% 15.9% 12.3% 10.7% 12.0% 9.2% 6.4% 3.6% 7.8%

2000-2005

2005-2010

2010-2015

Source: EvaluatePharma, data retrieved January 21, 2011

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 4

Diabetes market development


Global diabetes care market by treatment class
DKK billion 200
180 160 140 120
200

Global insulin market by segments


tMU
400

OAD

Insulin

GLP-1

Total market: CAGR 11.4% Injectables: CAGR 15.6%

350 300

CAGR volume: 7.1% CAGR value*: 14.3% 34%

250

Fast acting 31% Premix 35% 30%

100 80 60 40 20

CAGR 14.3%

150 100

CAGR 7.8%
Feb 2006
Note: Monthly MAT, value figures Source: IMS

50 0

34%
Feb 2006

Long acting

36%

Feb 2011

Feb 2011

Note: *in DKK. Monthly MAT, volume figures Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 5

Sustained double-digit insulin market growth


Global insulin market growth 2006-2011
DKK billion 100

The fundamental growth drivers of the insulin market Volume Prevalence of diabetes Diagnosis rates and treatment rates Intensification of insulin regimens Growing BMI Life-length
86.7 bDKK

80

20.7 bDKK 21.6 bDKK 44.4 bDKK

60

40

Value Conversion to new generations of insulin Device penetration Price changes

20

0 MAT Feb 2006 Volume contribution Mix/price contribution MAT Feb 2011

Source: IMS, Monthly MAT, value figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 6

Globally, diabetes has become an epidemic - driven by lifestyle changes and demographics
Estimated number of people with diabetes projections appear conservative
Million people

Diagnosis and optimal treatment remains a challenge the rule of halves


100%

450 400 350 300 250 200 150 100 50 0


CAGR: 6.6%

CAGR: 2.2%

439

All people with diabetes


285
International Operations

151
JP, Korea Europe
China Japan Europe North America

50% are diagnosed


50% have access to care
50% get decent care

50%

25% 12%

2000

2010

N. America 2030

//

50% reach target

Source: International Diabetes Foundation: Diabetes Atlas, 2000 and 2009 Note: Data covers the 20-79 age-group. IO: International Operations, Japan includes Korea

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 7

The world is growing unhealthier


Prevalence of overweight and obesity in selected countries
90%

Proportion of overweight and obese of population (%)

United States Canada England France Italy

80% 70% 60% 50% 40% 30% 20% 10% 0% 1970 1980 1990 2000 2010 2020

Adapted from: Sassi, F. et al. 2009 The Obesity Epidemic: Analysis of Past and Projected Future Trends in Selected OECD Countries, OECD Health Working Papers, No. 45, OECD Publishing. Available at: http://www.ecoclimax.com/2010/10/past-and-projected-future-overweight.html

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 8

Life expectancy has on average risen by 4 months each year since 1970
Life expectancy at birth (weighted average)

69 years 56 years

1970

2010

Source: www.nationmaster.com, CIA world fact book

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 9

Life expectancy has on average risen by 4 months each year since 1970
Life expectancy at birth (weighted average)

82 years? 69 years 56 years

1970

2010

2050

Source: www.nationmaster.com, CIA world fact book

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 10

Implied development in insulin consumption


Insulin consumption in selected countries average insulin units per inhabitant
United States Germany United Kingdom Japan China

426 349 293

238

264

165 99 53 1 2000 2010 14

Sources: Calculation based on IMS volume figures and United Nations Population Division demography data

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 11

Modern insulin is replacing human insulin as human insulin replaced animal insulin
Share of total insulin volume
100%

80%

Modern insulin

60%

Human insulin
40%

20%

0% 1994

Animal insulin
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Source: IMS, annual volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 12

Modern insulin constitute more than 80% of the total insulin value market
Share of total insulin value
100%

80%

Modern insulin

60%

40%

Human insulin Human insulin

20%

0%

Animal insulin Animal insulin


1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

1994

Source: IMS, monthly MAT value figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 13

Two-thirds of insulin volume is injected via a modern pen device


Share of total insulin volume 100%

Prefilled device
80%

60%

Durable device

40%

Vial and syringe


20%

0% 1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Source: IMS, annual volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 14

Characteristics of the insulin industry


Chronic disease leading to life-long patient-drug relationship Significant and growing patient population Continuous upgrade of insulin treatment Significant usage of modern pen devices Strong brand loyalty and limited switching between therapies Many prescribers requiring significant commercial operations High volume production with significant capital investment required Limited abbreviated regulatory pathways for approval of biosimilar insulin

Significant growth

Complex to be competitive

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 15

Novo Nordisk device development for improved insulin treatment


1923 - 1985 1985 - 2010

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 16

Diabetes is chronic disease leading to long patient-drug relationship


Insulin treatment is generally characterised by strong brand loyalty and limited switching between therapies
12 years
Insulin treatment

74 years

8 years 54 years
OAD treatment

Average life expectancy with type 2 diabetes

Diagnosis of type 2 diabetes

Sources: Calvert MJ, McManus RJ, Freemantle N (2007) Management of type 2 diabetes with multiple oral hypoglycaemic agents or insulin in primary care retrospective cohort study Br J Gen Pract 57: 455-60. The British Journal of Diabetes & Vascular Disease 2008 8:92. 2005 -2008 National Health and Nutrition Examination Survey. http://www.newsobserver.com/2011/03/03/1025677/type-2-diabetes-linked-to-shorter.html#storylink=misearch. Lifeexpectancy in Individuals with type 2 Diabetes, Diabetes (2007); 56: (supp1): A596

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 17

Novo Nordisk has significant operations across the world to remain competitive

North America: ~4,000 FTEs

Europe: ~3,100 FTEs

Japan & Korea: ~900 FTEs

China: ~2,100 FTEs

International Operations: ~2,700 FTEs

FTEs represent full-time employee equivalents in Novo Nordisks sales regions (excludes a.o. employees in headquarter and manufacturing)

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 18

Insulin manufacturing process

API: insulin crystals

F&F: liquid form

Device & packaging

Fermentation

Recovery

Purification

Formulation

Filling

Assembly

Packaging

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 19

Novo Nordisks global manufacturing setup

API production Formulation & filling Assembly Packaging Device & needle manufacturing

Denmark

Formulation & filling Assembly Packaging

Clayton

Formulation & filling Assembly Packaging

Chartres

Tianjin

Koriyama
Packaging

Device manufacturing Packaging Filling plant project

Montes Claros
Formulation & filling Assembly Packaging

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 20

Novo Nordisk has sustained a global insulin market leadership position


Insulin value market share worldwide
Novo Nordisk Sanofi-Aventis Eli Lilly Others

Insulin volume market share worldwide


Novo Nordisk Sanofi-Aventis Eli Lilly Others

70% 60% 50% 40% 30%

70% 60%

51% 44% 33% 22%


20% 10% 20% 10% 50% 40% 30%

23% 22% 4%
Feb 2006 Feb 2011

1%
0%
Feb 2006 Feb 2011

0%

Source: IMS Monthly MAT, value figures

Source: IMS Monthly MAT, volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 21

through focus on improvements for patients


Modern insulin global volume market share
Novo Nordisk Sanofi-Aventis Eli Lilly Others

Prefilled device global insulin volume market share


FlexPen SoloStar KwikPen

70% 60% 50% 40% 30% 20% 10%

30%

46% 34%

20%

19%

19%

10%

10%

1%
0%
Feb 2006 Feb 2011

3%
0%
Feb 2006 Feb 2011

Source: IMS Monthly MAT, value figures

Source: IMS Monthly MAT, volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 22

with a strong portfolio of modern insulins


Strong current portfolio
20%

Novo Nordisks modern insulins global insulin volume market share


NovoMix NovoRapid Levemir

14% 9% 6%

10%

0%

Feb 2006

Feb 2011

Source: IMS Monthly MAT, volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 23

Novo Nordisk is now also expanding into earlier treatment and growing the GLP-1 class
Victoza is driving the expansion of the global GLP-1 market
GLP-1 sales in bDKK (right axis)
5%

North America constitutes the majority of the GLP-1 value market*


DKK billion 7
6

Rest of world Europe

Diabetes market share (value)

4%

Victoza
3%

26%
4 3

2%

72%

exenatide
1%

2 1

North America

0%

Feb 2006

0 Feb 2011

Source: IMS Monthly MAT, value figures (DKK)

*Annual value of diabetes market MAT February 2011 Source: IMS, Monthly value data (DKK)

Novo Nordisk Capital Markets Day

5 May 2011

The diabetes care market in the US


Jurek Gruhn SVP Region North America

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 25

Outline
The diabetes challenge Treatment of diabetes today Victoza performance Insulin market performance Focus areas and priorities

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 26

Today, diabetes affects more than 32 million Americans


Increasing prevalence of diabetes 2010: ~32 million 2015: ~40 million 2025: ~53 million

<6%

6-7%

8-9%

10-11%

12-13%

14-15%

16-17%

18-19%

Note: Improvements in therapies and medical management over time are factored in. Sources: CDC Behavioral Risk Factor Surveillance System; Narayan, Impact of Recent Increase in Incidence on Future Diabetes Burden, Diabetes Care 2006;29:2114-2116; Boyle, Projection of the year 2050 burden of diabetes in the US adult population, http://www.pophealthmetrics.com/content/8/1/29; Institute for Alternative Futures projections

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 27

Associated costs of diabetes represent a significant and increasing economic burden for society
Total annual direct medical and indirect societal costs of diabetes (billion USD) 2010: 299 bUSD 2015: 374 bUSD 2025: 514 bUSD

36 bUSD 30 bUSD 21 bUSD

46 bUSD 37 bUSD 27 bUSD

64 bUSD 52 bUSD 40 bUSD

<1b

1-2.9b

3-4.9b

5-9.9b

10-14.9b

15-24.9b

>25b

Sources: CDC Behavioral Risk Factor Surveillance System; Narayan, Impact of Recent Increase in Incidence on Future Diabetes Burden, Diabetes Care 2006;29:2114-2116; CDC, 2010 National Diabetes Fact Sheet; Boyle, Projection of the year 2050 burden of diabetes in the US adult population, http://www.pophealthmetrics.com/content/8/1/29; Institute for Alternative Futures projections

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 28

Treatment of diabetes in the US today


Share of patients by treatment class
Rapid-only 14% Premix-only 14% Basal-Bolus 29%

Insulin 24% Incretin 10%

OAD - Met/SU/TZD 55%

Basal-only 40% GLP-1 - 20%

Diet & Exercise 11%

DPP-4s 80%

Note: Insulin data include treatment with concomitant non-insulin products Source: IMS LRx Monthly Regime, 12/10 PROJECTED to Mattson Jack, NHANES IV and Ropers 2010

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 29

In the US, the insulin market is outgrowing the overall diabetes care market
US diabetes care market by treatment class
DKK billion 120 OAD Insulin GLP-1 tMU
120

US insulin volume market by segments


CAGR volume: 5.8% CAGR value*: 18.9%

100

Total market: CAGR 12.0%

100

80

80

Fast acting Premix

60

60

40

CAGR 18.9%
40

20

CAGR 5.6%
Feb 2006 Feb 2011

20

Long acting
Feb 2006 Feb 2011

Note: Monthly MAT, value figures Source: IMS

Note: * in DKK. Monthly MAT, volume figures Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 30

Victoza continues to drive GLP-1 growth


Expansion of the GLP-1 market
GLP-1 TRx scripts (thousands) 300 GLP-1 % of of diabetes market value (right axis) Number of patients (thousands)
6%
5

Victoza source of patients

250

5%

200

Victoza

4%
3

exenatide DPP-IV TZD met Insulin

150

3%
2

SU met Metformin

100

exenatide

2%

64%

50

1%

Nave
0

Mar 2010

Mar 2011

0%

Mar 2010

Mar 2011

Source: IMS, NPA Monthly data; IMS LRx Weekly Data

Note: Nave is defined as all patients who have not filled a prescription in 12 months Source: IMS, NPA Monthly data; IMS LRx 4 week average Naive and Switch/Add Script Counts

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 31

Volume growth and value upgrade drive insulin market value expansion
US insulin value market growth
DKK billion 60 Penetration of total market 80%
70% 60%

Value upgrade

Modern insulin penetration

73%

50

40

18.5 bDKK

50% 40% 30%

30 20

9.0 bDKK

Device penetration

27%

10 0

19.9 bDKK

47.4 bDKK

20% 10% 0%

February 2006 Volume growth

Mix/price growth

February 2011

Feb 2006

Feb 2011

Note: Monthly MAT, value figures Source: IMS

Note: Monthly MAT, volume figures Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 32

Novo Nordisk has increased overall insulin market share in the US


US total insulin volume market share
Novo Nordisk
70% 60% 50% 40%

US total insulin value market share


Novo Nordisk Sanofi-Aventis Eli Lilly

Sanofi-Aventis

Eli Lilly

70% 60% 50% 40%

42% 32%

37% 37% 26%

30% 20% 10% 0%

30%

26%

20% 10% 0%

Feb 2006

Feb 2011

Feb 2006

Feb 2011

Note: Monthly MAT, volume figures Source: IMS

Note: Monthly MAT, value figures (DKK) Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 33

Novo Nordisk has increased modern insulin market share in the US


US modern insulin volume market share
Novo Nordisk Sanofi-Aventis Eli Lilly

US modern insulin value market share


Novo Nordisk Sanofi-Aventis Eli Lilly

70% 60% 50% 40% 30% 20% 10% 0%

70% 60% 50%

44% 37%

42%
40% 30% 20% 10% 0%

37% 21%

19%

Feb 2006

Feb 2011

Feb 2006

Feb 2011

Note: Monthly MAT, volume figures Source: IMS

Note: Monthly MAT, value figures (DKK) Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 34

Insulin market shares and dynamics


US total insulin market shares by segment
Novo Nordisk Sanofi-Aventis Eli Lilly Conversion rate to modern insulin

100%

Short acting segment

100%

Premix segment
100%

Long acting segment

Insulin market share (volume)

80%

80%

80%

60%

60%

60%

40%

40%

40%

20%

20%

20%

0%

Feb 2006

Feb 2011

0%

Feb 2006

Feb 2011

0%

Feb 2006

Feb 2011

Source: IMS, Monthly MAT volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 35

Focus areas for the US


Expand Victoza prescribing base and access Continue modern insulin strategy of value creation by balancing profitability and access Preparing for a successful launch of Degludec and DegludecPlus

Novo Nordisk Capital Markets Day

5 May 2011

The diabetes care market in China


Ron Christie SVP Region China

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 37

China is evolving as the worlds #3 pharma market


2009 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 United States Japan France Germany China Italy Spain United Kingdom Brazil Canada Russia Turkey India Mexico South Korea Australia Greece Venezuela Netherlands Poland 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2011 Rank United States Japan China Germany France Italy Spain Brazil United Kingdom Canada Russia India South Korea Venezuela Mexico Australia Turkey Greece Poland Netherlands 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2013 Rank United States Japan China Germany France Italy Spain Brazil Canada United Kingdom Russia Venezuela India South Korea Turkey Mexico Australia Greece Poland Belgium

Source: IMS Health MIDAS, Market Prognosis October 2009. Market size ranking in constant USD

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 38

This growth has been driven by five major factors


Chinas pharmaceutical market is estimated to grow 20% per annum 2010-2015
World #2 economy in 2010 8% GDP growth for the next 5 years (government target 7.5%) 2006-2010: +46 million >50 years old 2010-2020: +180 million more Latest study estimates 92 million people with diabetes Obese population tripled from 2002 to 2010 Broaden coverage and benefits Strengthen primary care and rural healthcare services Improve disease prevention and early diagnosis Increasing M&A activity

Robust economic growth

Ageing population

Increasing incidence of chronic diseases

Sweeping healthcare reforms

Increased investment from all players

Source: IMS RDPAC presentation March 2011

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 39

Substantial growth in diabetes prevalence expected in the BRIC countries


Driven by prevalence growth in the BRIC countries
Million people 100

Diagnosis, treatment intensification and regional difference remains key challenges


% of people with diabetes 100

2010 2030
80

87
80

64
60

51 44

60

40

40

30%

24% 3%

20

8
0

13

10

10

20

0
Brazil Russia India China

People with diabetes

Diagnosed diabetics

Treated diabetics

Patients achieving targets

Source: International Diabetes Foundation: Diabetes Atlas, 2000 and 2009 Note: Data covers the 20-79 age-group. IO: International Operations, Japan includes Korea

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 40

Changing Diabetes in China - increasing awareness and diagnosis


Insulin Patient Self-management Guideline, CDS-NN Changing Diabetes bus: 3 years, 61 cities, 46,000 patients and ~200 media reports 12 more cities will be covered in 2011 Diabetes knowledge websites for both patients and physicians GDM program: 3-year, World Diabetes Foundation-Ministry of Health-Novo Nordisk programme: Establish 45 centres, train 4,725 physicians and screen 292,500 women Localised Barometer Programme Diabetes Care Campaign: Covered 90 hospitals + 200 CHC, 45,952 patients screened, 1,690 physicians and nurses educated Social Network for Endocrinologists in China & Medical Information Website: launched in Feb 2011 Leadership foras NNDU NovoCare serving more than 600,000 members since 2011 Provide comprehensive diabetes knowledge for patients and organise a variety of patient activities 24-hour hotline service - >9000 calls per month Patients follow-up calls to ensure successful insulin initiation - >66,000 calls per month

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 41

Novo Nordisk is the company with the largest focus on diabetes care in China
A total of 3,375 employees across Commercial operations in China Manufacturing R&D Hong Kong Taiwan
Heilongjiang Jilin Xinjiang Gansu Inner Mongolia Changchun

Tibet

Liaoning Beijing Shenyang Tianjing Hebei Ningxia Qinghai Shanxi Jinan Shandong Shanxi Henan Jiangsu Shanghai Hubei Chongqing Anhui Sichuan Wuhan Zhejiang Guizhou Hunan Jiangxi Yunnan Guangxi Guangdong Fujian Guangzhou Taiwan Hong Kong

Branch Office Frontiers

Hainan

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 42

The Chinese insulin market is expanding significantly predominately driven by the premix segment
Chinese diabetes care market by treatment class by value
DKK billion 6 OAD Insulin GLP-1 tMU
24

Chinese insulin market by segments

Total market: CAGR 32.4%

20

CAGR volume: 26.8% CAGR value*: 38.8%


23%

16

4
12

Fast acting

CAGR 38.8%

64% 33%

Premix

CAGR 27.8%
1

53% 14% Feb 2006

Feb 2006

Feb 2011

Long acting

13% Feb 2011

Note: Monthly MAT, value figures. IMS projects the Chinese market based on hospital data from 14% of Chinese hospitals Source: IMS

Note: *in DKK. Monthly MAT, volume figures. IMS projects the Chinese market based on hospital data from 14% of Chinese hospitals Source: IMS

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 43

Novo Nordisk is leading the total diabetes market in China


Total diabetes care value market shares
40%
Novo Nordisk Bayer-Schering Sanofi-Aventis Eli Lilly Bristol Myers-Squibb

Total insulin volume market shares


37%
70% 60%
Novo Nordisk Shanghai Fosun Sanofi-Aventis Tonghua Dongbao Eli Lilly

63%

30%

50% 40%

20%

15%
10%

30% 20%

9% 6%

13%
10% 0%

0%

4%
Feb 2011 Feb 2006

12% 5% 4%
Feb 2011

Feb 2006

Source: IMS Monthly MAT, value figures. IMS projects the Chinese market based on hospital data from 14% of Chinese hospitals

Source: IMS Monthly MAT, volume figures. IMS projects the Chinese market based on hospital data from 14% of Chinese hospitals

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 44

and maintaining clear leadership in the significant human insulin market


Human insulin value market share
Novo Nordisk Tonghua Dongbao Eli Lilly

Human insulin volume market share


Novo Nordisk Tonghua Dongbao Eli Lilly

90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


Feb 2006

90%

76%

80% 70% 60% 50% 40% 30%

74%

17% 6%
Feb 2011

20% 10% 0%
Feb 2006

17% 8%
Feb 2011

Source: IMS Monthly MAT, value figures.

Source: IMS Monthly MAT, volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 45

and maintaining a very solid leadership position in the modern insulin market
Modern insulin value market share
Novo Nordisk Sanofi-Aventis BJ Ganli Pharm

Modern insulin volume market share


Novo Nordisk Sanofi-Aventis BJ Ganli Pharm

90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


Feb 2006

Eli Lilly

90% 80% 70%

Eli Lilly

69%

53%

60% 50%

32%

40% 30% 20%

8% 6%
Feb 2011

10% 0%
Feb 2006

15% 11% 4%
Feb 2011

Source: IMS Monthly MAT, value figures

Source: IMS Monthly MAT, volume figures

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 46

Outlook for Novo Nordisk in China


Continue to collaborate with public authorities on diabetes awareness programmes Continue to be the main source of information on diabetes to doctors Continue to be the leading patient support company in the diabetes field Expand operations further into smaller cities and rural areas Launch of Victoza in second half of 2011

Novo Nordisk Capital Markets Day

5 May 2011

Closing remarks
Kre Schultz COO

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 48

Innovation is the key to sustained growth

Diabetes

Modern insulins Victoza

Degludec* DegludecPlus*

IDegLira* FIAsp*

Liraglutide in pre-diabetes and obesity

*Note: Degludec is the internal designation for insulin degludec. DegludecPlus is the internal designation for insulin degludec/insulin aspart. IDegLira is the internal designation for insulin degludec/liraglutide. FIAsp is the internal designation for fast acting insulin aspart.

Novo Nordisk Capital Markets Day

5 May 2011

Slide no 49

Capital markets expect diabetes care to continue to outgrow the general pharmaceutical industry
Growth in global prescription sales versus diabetes care sales (CAGR)
Total Prescription sales Diabetes Care sales Insulin and GLP-1 sales

18.4% 15.9% 12.3% 10.7% 12.0% 9.2% 6.4% 3.6% 7.8%

2000-2005

2005-2010

2010-2015

Source: EvaluatePharma, data retrieved January 21, 2011

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