CSL Ltd Annual Report 2020

Therapeutic Areas Platform Plasma Fractionation Immunology Haematology Respiratory Cardiovascular and Metabolic Influenza Vaccines (Seasonal, Pandemic) Transplant Recombinant Technology Cell and Gene Therapy Cell-based Adjuvanted Egg-based Innovation is in our DNA and we are committed to delivering novel therapies to patients in our core TAs. In our industry, bringing new products to market is lengthy and complex, given the need for extensive testing in the clinic to ensure the safety and efficacy of our product candidates. Today, we contribute around 10% of our sales to R&D to develop clinical candidates and discover newmolecules. Over the 2030 timeframe, we will see the results frommajor clinical programs in emerging TA’s like CVM and transplant that have the potential to fill unmet patient need. We are also growing our early stage portfolio, through our in-house capabilities and through collaborations with external partners, to find the next generation of therapies that will treat patients in the coming years. Efficiency and reliable supply is critical for meeting the increasing demand for our core plasma products, such as HIZENTRA ® and PRIVIGEN ® , and our emerging cell-based influenza vaccine products. As one of the global leaders in plasma fractionation, we look for opportunities to invest in capital projects that will increase our ability to meet the needs of patients. We approach the next decade of growth being the most efficient derived-plasma operator in the market and aim to serve more patients through a network strategy that requires investments in technology, operational excellence and process improvement. Outside plasma, we have plans to increase capacity and optimise processes for our cell-based influenza vaccine products. Sustainable growth of our business requires that patients who will benefit most from our therapies have access and that we also capture the value that our products brings to patients. Global demand for our core products is increasing and we are committed to grow our business by maximising the value of our franchises. For our therapeutic areas, we will continually expand our portfolio of products to deliver unmet need to patients and value to stakeholders. We see potential in the years ahead to create enhanced value and to better serve our patients through the use of data, connectivity and technologies that can improve our operations and increase our understanding of the patient experience. Today, we are taking the necessary steps to enable digital transformation throughout the business. We are a trusted partner in protecting public health, and through our unique capabilities and expertise, take such responsibility seriously. We have partnered with governments for influenza pandemic vaccine manufacturing and our response to COVID-19 has demonstrated how CSL can respond with flexibility and purpose to events that impact global health. The 2030 strategy will bring new opportunities and new ways of doing business. Today, we are more than 27,000 employees and growing. Guiding us, both internally and in the evolving world around us, are the core CSL Values we established years ago: Patient Focus, Innovation, Integrity, Collaboration and Superior Performance. Delivering on our 2030 strategy is not without risk, and we provide more detail on the material risks that could affect the execution of our strategy in the next section. CSL Limited Annual Report 2020 13