Teva Pharmaceutical Industries Limited · TASE:TEVA

Teva Pharmaceutical Industries — Merger or Acquisition (July 2005)

16 slides from Teva Pharmaceutical Industries's merger presentation, Jul 26, 2005

  1. Slide 1: Teva Pharmaceutical Industries Ltd. - July 2005 Investor Presentation

    Filed by: Teva Pharmaceutical Industries Limited Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Companies: Ivax Corporation Commission File No. 001-09623 The following slides were part of a presentation

  2. Slide 2: Today's Presentation Contains Forward-Looking Statements

    TODAY’S STATEMENTS FUTURE SUCH SUCCESSFULLY OF BRANDED THE PHARMACEUTICAL BEING DEPENDENCE RESULTS, COMMISSION TO 2 COMPETITION UPDATE CURRENT REGULATORY FORWARD-LOOKING SOLD RESULTS, PRESENTATION OTHER PRODUCT, PUBLICLY OR ARE (“SEC”). ON INSURANCE DEVELOP IN FACTORS PATENT FROM BASED PERFORMANCE E

  3. Slide 3: Teva Acquisition of Ivax: Transaction Overview

    Teva Acquisition Transaction Complementary 3 Overview Businesses, of Ivax Strategic Geographies Rationale and Financial Technologies BenefitsA Leading Generic Company Summary

  4. Slide 4: Transaction Overview

    Transaction Teva Financed Combination 25,000 Creates Annual 4 to employees run-rate acquire cost withOverview and brings aIvax of combination sales sales together for synergies approximately at closing complementary of equity, in expected generics $7.4 debtand to billion and products, exceed innovat

  5. Slide 5: Strategic Rationale

    Strategic Brings and Enhances Ability 5 Ivax) together toRationale leadership vertical respond, exciting integration onposition a global prospects between inscale, thefor US, togrowth, API the expands (active widest with strong pharmaceutical range new presence proprietary of requirements iningredie

  6. Slide 6: Financial Benefits and Synergies

    Financial Transaction Ample Synergies Sales 6 synergies opportunities Benefits will expected come Complementary from for to become synergies efficiencies distribution accretive of upin to manufacturing, to$150 earnings million within by SG&A the first end and year ofR&D the aftersecond Consolidation

  7. Slide 7: Complementary Businesses: Revenue by Product Type

    Complementary Teva 2004 ($ 78% 11% 34% 66% API 75% 9% 8% (1) 7 in& –$4,966 Innovative Branded Generic $4,799 millions) Revenue Other Figures $3,749 $1,217 $620 $527Contribution Businesses million $523 by are basedIvax Product onAnalysis Type– $1,837available publicly million Pro Forma – $6,636 milli

  8. Slide 8: Complementary Geographies and Portfolio

    Complementary Strengthens Enhances Obtains Builds 8 leading leadership current leadership presence Geographies leadership position ininUS Latin inposition generics France, America inRussia Portfolio theincluding UKand Pipeline Czech Venezuela, Technologies Republic Chile andand gains Peru strong and

  9. Slide 9: Complementary Geographies: Revenue by Region

    Complementary ($ Teva 9 in millions) 2004 10% 64% Latin 46% 37% 17% Europe ROW 29% North 59% 12% (1) (2) –$1,245 $4,799 Revenue $495 America America $811 $704 $1,949 by Excludes Figures Geographies million 26% $316 $3,059 $860 $3,919 $42.1 are based Ivax Geography – in million $1,880 million(1) Ivax

  10. Slide 10: Complementary Technologies

    Complementary Combined Tablets Controlled 10 Capsules technology release Technologies Ointments coverage Creams includes Liquids Suspensions Soft gels Injectibles Metered dose inhalers Nasal sprays Breath actuated inhalers Breath operated inhalers

  11. Slide 11: Global Generic Pipeline and Shared Value

    GlobalinGeneric Value Shared Opportunities 11 broad combined line toResearch leverage philosophy pipeline & development Increased Development Strong scientific filings acrossatmarkets capabilities FDA Complementary Exploit and centers technology therapeutic of excellence across areas markets Increas

  12. Slide 12: Expanded Proprietary Branded Pipeline

    Expanded Maintain market Copaxone- MS Teva Oral Other targeted MS Therapeutic leaderpresence candidates Agilect/Azilect Neurology Pipeline Autoimmune for targeting Proprietary in key include Parkinson’s Alzheimer’s branded Portfolio Copaxone areas and Laquinimod Lupus Oncology Unique Respiratory Iva

  13. Slide 13: A Leading Generic Company

    A Leading Top ($ Sales KGaA Merck Sandoz+Hexal+Eon Teva+Ivax Company 13 in8millions) Alpha $M Source: Ranbaxy Mylan generic Ratiopharm rma $7,000 Generic Watson drug financial $6,000 manufacturers Company reports;$5,000 $4,000 (based Ratiopharm $3,000 on 2004 $2,000 sales)$1,000 sales—company websit

  14. Slide 14: Financial Terms of the Transaction

    Financial Purchase of 0.4235 with Consideration 14 consideration theTeva same consideration Terms shares terms perof subject share the andTransaction $26 $13 $26.00 to proration, per in cash per IvaxIvax for share, based each share via on Ivax based Ivax cash share shareholders’ election on Election

  15. Slide 15: Combination Summary

    Combination Summary Transaction Creates Compelling 15 cost brings financial and strengthens sales together rationale synergies global businesses EPS in leadership generics accretive within and complementary within generics, innovative twelve addsbusinesses months geographies, new product Substantial

  16. Slide 16: Teva Pharmaceutical Industries Ltd.

    Pharmaceutical July 2005 Industries Ltd.

Teva Pharmaceutical Industries — Merger or Acquisition (July 2005) on 6ix