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ANNUAL REPORT

2018 / 2019
An independent Group committed to therapeutic progress to serve patient needs

Some figures

33rd

LARGEST PHARMACEUTICAL COMPANY WORLDWIDE

2nd French laboratory,
2nd European laboratory

66

SUBSIDIARIES

worldwide

100

MILLION PATIENTS

treated every day across
the world by
Servier medicines

22 000

EMPLOYEES

including 5,000 in France
(Sept 30, 2019)

A long-term investment strategy for therapeutic progress
OLIVIER LAUREAU, President of Servier

I have a very promising and confident view of our Group’s performance in an increasingly competitive world. We continue to develop our pipeline of research projects and drug candidates, while our sales growth remains strong.

THE BASIS FOR OUR ACTIONSPDF

We are inspired by our Vocation, driven by our Values and guided by our Vision. These are our pillars and our identity.

Around the world, the Servier Group’s 22,000 employees are committed to therapeutic progress to serve patient needs. Day after day, they work passionately to care for patients and save lives.

4 GOALS FOR 2021

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Launch a new
molecular entity
every three years

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Become a key
player in the field of oncology while
maintaining our position
in cardiovascular health and diabetes

Reach a revenue
of €5 billion

Reach an operating
profit of 8% to
finance our development

Strategy

A unifying strategy
SIHAM IMANI, Executive Vice President Corporate Strategy

Servier is at a pivotal moment in its transformation, and I am optimistic about its success. We have successfully rallied all employees around the same Vision and identified five strategic orientations.

PREPARING FOR THE FUTURE

During the year, the Group made new advances in the operational implementation of its five strategic orientations.

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A focus on
five therapeutic
areas

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Dynamic and
synergized
generics

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High-performing
organization

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Passionate and
empowered
people

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A differentiated
geographic
footprint

Governance

MEMBERS OF THE EXECUTIVE COMMITTEE

AN INDEPENDENT GROUPPDF

The Servier Group is governed by a non-profit Foundation, the International Servier Research Foundation (Fondation  Internationale de Recherche Servier – FIRS).

Unique in the pharmaceutical sector, the Group’s governance structure ensures its sustainability, preserves its independence and allows the reinvestment of all its profits into therapeutic progress and the development of its activities.

To ensure unity in strategy and day-to-day management, the same people serve on the executive committees of the FIRS Foundation and Servier SAS.

Financial results

Results in line with our expectations.
DOMINIQUE BRISSY, Executive Vice President Finance

The results for the 2018/2019 financial year are in line with our expectations. Servier delivered a strong performance with an 11.1% growth in revenue at constant exchange rates. Business was driven by good…

2018/2019 GROUP REVENUEPDF

€4.615 billion

EBITDAPDF

€518 million in 2018/2019, representing a sales ratio of 11.2% and an increase of 6.2% compared with the previous year.

Worldwide Presence

AN INTERNATIONAL GROUP WITH STRONG ROOTS IN FRANCEPDF

Servier’s medicines are prescribed in 149 countries. The Group’s strategy of establishing local operations enables it to offer therapeutic solutions adapted to the specific characteristics of each country.

Research and Development

Toward a new model to accelerate innovation
CLAUDE BERTRAND, Executive Vice President Research & Development

Our R&D model is constantly evolving to accelerate the delivery of medicines that respond to the real needs of patients. The establishment of the future Servier Paris‑Saclay Research Institute is a perfect illustration of our…

MEETING PATIENT NEEDS AS EFFECTIVELY AS POSSIBLEPDF

To discover new treatments that improve patients’ lives, Servier invests an average of 25% of its sales revenue (excl. generic medicines) in R&D. The Group focuses its research and development efforts in therapeutic areas where needs are substantial.

A PROMISING PIPELINEPDF

30
PROJECTS IN CLINICAL DEVELOPMENT
including 16 new molecular entities
31
RESEARCH PROGRAMS

CARDIOVASCULAR
DISEASES

CANCER

DIABETES

IMMUNE-
INFLAMMATORY
DISEASES

NEURO-
PSYCHIATRIC
DISEASES

For patients

A COMPREHENSIVE HEALTH CARE OFFERINGPDF

Every day, 100 million patients worldwide are treated with Servier medicines: medicines originating from its R&D in five therapeutic areas, quality generic medicines and e-health solutions via WeHealth™ Digital Medicine.

Learn more about our medications:

Human resources

Attracting and developing talent
NICOLAS BOUTS, Executive Vice President Human Resources

Given the changing face of our industry in terms of professions, we want all Group employees to have the means to succeed, to adapt, to take on responsibilities and to grow. At Servier, behavioral competencies like teamwork, adaptability, and respect are just as important as technical skills.

MOBILIZING AROUND THE GROUP’S PERFORMANCEPDF

Servier’s Human Resources teams are committed to supporting the performance of the Group and its employees by offering each employee a unique and meaningful professional experience, the right skills, and an innovative organization.

Transparency

Providing objective and reliable information on medicines
PHILIPPE GONNARD, Executive Vice President Global Medical Affairs

Servier strives to provide objective, high-quality medical information to the health care community to ensure that its medicines are used safely. Medical Affairs plays a fundamental role as the guarantor of the objectivity and integrity of the information provided to medical experts and communities worldwide.

COMMITTED TO A SAFE, RESPONSIBLE, AND TRANSPARENT INDUSTRYPDF

Medicines are not just another consumer product. They are subject to very strict regulations. As such, Servier has adopted responsible practices at each stage of the product chain to ensure the quality, efficacy, and safety of its products.

Perspective n°1

ACTING FOR AND WITH THE PATIENT

Since the appointment of a Chief Patient Officer in 2018, the patient approach has gained momentum within the Group. Servier works increasingly closely with patients to involve them in all stages of the medicine life cycle: from research and development to marketing and beyond.

Perspective n°2

PROMOTING ACCESS TO HEALTH CARE FOR ALL

Medical conditions vary from one continent to another. In order to respond to the diversity of health care needs, Servier relies on a broad geographic footprint that allows for close proximity to local therapeutic needs and an array of health care solutions adapted to the specific characteristics of each country.

Perspective n°3

OPENING UP R&D TO ACCELERATE INNOVATION

Servier relies on the sharing of expertise in Research & Development to accelerate innovation and provide patients with solutions that are increasingly tailored to their needs. This cross-fertilization of ideas paves the way for research that’s more dynamic, agile, and open.

Perspective n°4

BECOMING A RECOGNIZED PLAYER IN ONCOLOGY

Despite significant advances in oncology in recent years, therapeutic needs remain considerable throughout the world. This is why fighting cancer is a strategic priority for Servier.

Perspective n°5

BUILDING SERVIER’S INDUSTRIAL FUTURE TODAY

A guarantor of the quality and safety of medicines, Servier’s industrial model is part of a continuous improvement process aimed at achieving operational excellence. This approach serves the Group’s long-term strategic ambitions and responds to the trends shaping the sector.

Perspective n°6

DEVELOPING GENERIC ACTIVITIES

Through four specialized subsidiaries, the Group offers a broad range of high-quality generic medicines. This steadily evolving activity increases the number of treatment options available to patients.

Perspective n°7

MAKING A POSITIVE IMPACT ON SOCIET Y

Servier strives to embrace a more responsible, virtuous, and sustainable economic model. This model reflects the Group’s desire to ensure that all of its actions are sustainable and serve future generations.