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A sustainable business model based on innovation and ... - Roche

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<strong>Roche</strong>’s unique window of opportunity<br />

<strong>Roche</strong>’s unique positi<strong>on</strong><br />

Stability of<br />

<str<strong>on</strong>g>business</str<strong>on</strong>g> <str<strong>on</strong>g>model</str<strong>on</strong>g><br />

Peers<br />

Growth<br />

<strong>Roche</strong><br />

Bridging the cliffs,<br />

Cost-cutting,<br />

Diversificati<strong>on</strong><br />

2007 2013-14<br />

The industry<br />

Low replacement power of current<br />

earnings levels<br />

Poor pipelines<br />

Cost cutting<br />

<strong>Roche</strong><br />

Extended stability<br />

Low generic exposure<br />

Investment into the future<br />

6

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