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Viatris (VTRS) investor relations material
Viatris Evercore ISI 8th Annual HealthCONx Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business structure and strategy
Operates as three distinct businesses: global generics, established brands, and a growing innovative segment.
Focused on reinforcing the base business while adding innovative assets from both internal pipeline and external deals.
Completed over 51 business development deals, including the Aculys transaction in Japan, to support global infrastructure.
Strategic review underway to optimize company structure and costs for future growth.
Aims for sustainable revenue and earnings growth beyond 2026.
Financial performance and outlook
Returned over $1 billion to shareholders through dividends and share repurchases this year.
Internal expectations for annual revenue growth exceed the Street's estimate of a couple hundred million dollars.
Base business expected to deliver about $200 million in sustainable annual growth, with additional upside from innovative assets.
Targeting operating leverage and EBITDA growth from $4 billion to $4.5 billion over the next three to five years.
Cost savings from the enterprise review will be realized over three years, with most benefits expected to drop to the bottom line.
Capital allocation and business development
Generates about $2 billion in free cash flow annually, split evenly between shareholder returns and growth investments.
Capital deployment strategy is flexible, adjusting between shareholder returns and business development based on market conditions.
Focused on acquiring accretive, in-market assets, particularly in Japan and the U.S.
Recent Aculys deal in Japan added two CNS assets and is expected to drive growth in a challenging market.
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