7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 1/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 2/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 3/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 4/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 5/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 6/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 7/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 8/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 9/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 10/19
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7/23/2019 Financial Performance on Square Pharma
http://slidepdf.com/reader/full/financial-performance-on-square-pharma 11/19
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@n|ha o}}hq}
qxwjephw woqne?*=8 qnkh} ?*== qnkh} ?*17 qnkh}
Ojoi~}n} }let} qloq qlh `n|ha o}}hq qxwjephw woqne to} o} lndl o} ?*17 qnkh} okejd
qlwhh ~how}* Lethphw) nq ahminjha qe ?*== qnkh} nj qlh `eiietnjd ~how* Nj 7228+20 qlhqxwjephw }ekhtloq njmwho}ha qe ?*=8 qnkh}*
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1* Qeqoi o}}hq qxwjephw woqne6 Qlh Qeqoi O}}hq Qxwjephw n} }nkniow qe n|ha o}}hq qxwjephw
}njmh geql kho}xwh} o mekroj~$} h``hmqnphjh}} nj dhjhwoqnjd }oih} whphjxh wek
njph}qkhjq} gomc njqe qlh mekroj~* Qeqoi O}}hq Qxwjephw hpoixoqh} qlh h``nmnhjm~ e`
kojodnjd oii e` qlh mekroj~$} o}}hq}*
Qeqoi o}}hq} qxwjephw woqne ; Dwe}} Qxwjephw%Qeqoi O}}hq}
@eiietnjd qogih }let} qlh woqne} e` Qeqoi o}}hq} qxwjephw woqne ]xowh Rlowkomhxqnmoi}
nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
QOQE 2*40 qnkh} 2*4< qnkh} 2*>= qnkh}
Ojoi~}n} }let} o dwoaxoi `oii e` mekroj~„} qeqoi o}}hq qxwjephw* Nj 722=+21) nq to} 2*>=
qnkh}) ahminjha qe 2*4< qnkh} nj qlh `eiietnjd ~how oja qlhj odonj ahminjha }indlqi~ qe
2*40( nj 7228+20*
Ahgq Woqne} e` ]xowh Rlowkomhxqnmoi}
Ahgq Woqne}+
Qlh ahgq woqne kho}xwh} qlh rwerewqnej e` qeqoi o}}hq} rwepnaha g~ qlh `nwk„} mwhanqew}*
?* Ahgq woqne
7* Qnkh}+Njqhwh}q+Howjha ,QNH. woqne
?* Ahgq woqne6 Qlh woqne e` qeqoi ahgq qe qeqoi o}}hq}) dhjhwoii~ moiiha qlh ahgq woqne)
kho}xwh} qlh rhwmhjqodh e` xja} rwepnaha g~ qlh mwhanqew}*
Ahgq woqne ; Qeqoi Ahgq % Qeqoi O}}hq}
@eiietnjd qogih }let} qlh Ahgq woqne} e` ]xowh Rlowkomhxqnmoi} nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
Ahgq woqne =?( 10( =4(
Moimxioqnjd qlh ahgq woqne) th mokh qe }hh qloq qln} mekroj~ n} jeq qloq lndli~ ihphwodhaejh* Nj 722=+21) nq to} =4() nj 7221+28) nq }xaahji~ thjq xr qe 10() oja qloj odonj nj
7228+20) nq minkgha aetj qe =?(* O inqqih gnq e` `ixmqxoqnej n} }hhj lhwh nj ahgqkojodhkhjq) tlnml n} omqxoii~ jeqlnjd gxq qlhnw }qwoqhdnm keph* Qlh who}ej ghlnja
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}xml ixmqxoqnej n} ghqqhw xjahw}qojaogih ewk qlh goiojmh }lhhq* Nj 7221+28) qlhmekroj~ lo} n}}xha iejd+qhwk ieoj) tlnml lorrhj} qe gh GQA =<>)?>=)2<2 qloq n} to~qee lndl qloj qlh rwhpnex} ~how„} ieoj) tlnml n} GAQ =0)811)?8< qloq omqxoii~ njmwho}haqlh qeqoi ahgq qlx} wh}xiqnjd nj o lndl ahgq woqne*
7* Qnkh}+Njqhwh}q+Howjha ,QNH. woqne6 Qlh qnkh njqhwh}q howjha woqne kho}xwh} qlh ogninq~qe khhq Mejqwomqxoi njqhwh}q ro~khjq}*
Qnkh}+Njqhwh}q+Howjha woqne ; HGNQ % Njqhwh}q Mlowdh}
@eiietnjd qogih }let} qlh qnkh}+njqhwh}q+howjha ,QNH. woqne} e` ]xowh Rlowkomhxqnmoi}
nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
QNH woqne ??*=2 qnkh} ?1*>7 qnkh} ??*?7 qnkh}
Th moj }hh `wek qln} woqne ojoi~}n} qloq) qln} mekroj~ lo} mephwha qlhnw njqhwh}q
h|rhj}h} ?? qnkh} nj 722=+21) ?8 qnkh} nj 7221+28 oja ?? qnkh} nj 7228+20* Nq khoj}
qlh~ loph rhw`ewkha rwhqq~ kxml }okh nj 722=+21 oja 7228+20 gxq lo} qochj o
an``hwhjq ieec nj 7221+28* O} nj 7221+28 qlh~ n}}xha o inqqih lndl jxkghw e` iejd+qhwk
ieoj} oja aeh} jeq loph deea inxnanq~ re}nqnej) qlhnw HGNQ ghmokh lndl qlx} kocnjd
QNH o inqqih lndl o} thii*
RWE@NQNGNINQ^ WOQNE6
Rwe`nqogninq~ n} qlh jhq wh}xiq e` o jxkghw e` reinmnh} oja ahmn}nej}* Rwe`nqogninq~ woqne}
}let qlh mekgnjha h``hmq} e` inxnanq~) o}}hq kojodhkhjq oja ahgq ej erhwoqnjd wh}xiq}*
Qlhwh owh exw nkrewqojq rwe`nqogninq~ woqne} qloq th owh denjd qe ojoi~vh6
?* Jhq Rwe`nq Kowdnj
7* Dwe}} Rwe`nq Kowdnj
=* Whqxwj ej O}}hq
1* Whqxwj ej Hxnq~
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?* Jhq Rwe`nq Kowdnj6 Jhq rwe`nq kowdnj kho}xwh} qlh rhwmhjqodh e` homl }oih} aeiiow whkonjnjd o`qhw oii me}q} oja h|rhj}h) njmixanjd njqhwh}q) qo|h}) oja rwh`hwwha }qemc anpnahja} loph ghhj ahaxmqha*
Jhq Rwe`nq kowdnj ; Jhq njmekh oponiogih qe qlh }qemcleiahw} % dwe}} qxwjephw
@eiietnjd }let} qlh Jhq Rwe`nq Kowdnj e` ]xowh Rlowkomhxqnmoi} nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
Jhq Rwe`nq Kowdnj ?0*18( 72*70( ?4*0>(
Qlh Jhq Rwe`nq Kowdnj to} ?4*0>( nj 722=+21) njmwho}h qe 72*70( nj 7221+28 oja qlhj
odonj ahmwho}ha qe ?0*18( nj 7228+20*
Qlh konj who}ej qloq qlh rwe`nq kowdnj ahminjha n} lndl me}q* Lndl me}q) nj qxwj)dhjhwoii~ emmxw} axh qe njh``nmnhjq erhwoqnej}* Rwe`nq kowdnj oi}e ahminjha ghmox}h nj7228+20 ]xowh Rlowkomhxqnmoi} x}ha o ieq e` iejd+qhwk ahgq* Qln} njpownogi~ wh}xiqhanj kewh njqhwh}q me}q) tlnml gwexdlq qlh Jhq njmekh aetj*
7* Dwe}} Rwe`nq Kowdnj6 Qlh dwe}} rwe`nq kowdnj kho}xwh} qlh rhwmhjqodh e` homl }oih}aeiiow whkonjnjd o`qhw qlh `nwk lo} rona `ew nq} deea}*
Dwe}} Rwe`nq Kowdnj ,DRK. ; Dwe}} rwe`nq % Dwe}} qxwjephw
@eiietnjd }let} qlh Dwe}} Rwe`nq Kowdnj e` ]xowh Rlowkomhxqnmoi} nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
Dwe}} Rwe`nq Kowdnj =0*?>( =8*21( =1*4<(
]e) qlh Dwe}} Rwe`nq Kowdnj lo} whkonjha rwhqq~ kxml }qogih qlwexdlexq qlh tleih
qlwhh ~how}* Nq njmwho}ha }ieti~ homl ~how* Nq njanmoqh} qloq ]xowh Rlowkomhxqnmoi n}
kojodnjd nq} ]oih} oja Me}q e` Deea} ]eia phw~ thii*
Whqxwj ej Qeqoi O}}hq} ,WEO.6 Whqxwj e` qeqoi o}}hq kho}xwh} qlh okexjq e` Jhq
Njmekh howjha g~ xqninvnjd homl aeiiow e` Qeqoi O}}hq}* Qlh hxoqnej n}6
Whqxwj ej Qeqoi O}}hq} ,WEO. ; Jhq njmekh oponiogih qe qeqoi mekkej }lowhleiahw} %
Qeqoi o}}hq}
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@eiietnjd }let} qlh Whqxwj ej Qeqoi O}}hq} e` ]xowh Rlowkomhxqnmoi} nj an``hwhjq
~how}6
^how 7228+20 7221+28 722=+21
WEO ?7*81( ?8*<<( ?0*87(
]e) whqxwj ej qeqoi o}}hq} ahmwho}ha dwoaxoii~ qlwexdlexq qlh ~how}* Qln} ko~ loph
emmxwwha ghmox}h ]xowh x}ha kewh ahgq njojmnjd nj 7228+20 oja 7221+28 mekrowha
qe 722=+21 tlnml wh}xiqha nj kewh njqhwh}q me}q oja gwexdlq qlh Jhq njmekh aetj*
1* Whqxwj ej Hxnq~ ,WEH.6 Whqxwj ej Hxnq~ kho}xwh} qlh okexjq e` Jhq Njmekh
howjha g~ xqninvnjd homl aeiiow e` Qeqoi mekkej hxnq~* Nq n} qlh ke}q nkrewqojq e` qlh
’Geqqek injh‛ woqne* G~ qln}) th moj `nja exq let kxml qlh }lowhleiahw} owh denjd qe
dhq `ew qlhnw }lowh}* Qlh hxoqnej n}6
Whqxwj ej Hxnq~ ,WEH. ; Jhq njmekh oponiogih qe mekkej }lowhleiahw} % Qeqoi
mekkej hxnq~
@eiietnjd }let} qlh Whqxwj ej hxnq~ e` ]xowh Rlowkomhxqnmoi} nj an``hwhjq ~how}6
^how 7228+20 7221+28 722=+21
Whqxwj ej Hxnq~ ?<*7?( 77*88( 7?*?=(
Qlhwh`ewh) qlh Whqxwj ej Hxnq~ njmwho}ha nj 7221+28 gxq ahmwho}ha o inqqih nj 7228+20*
Qln} odonj ko~ loph lorrhjha axh qe qlh n}}xh e` kewh iejd+qhwk ahgq nj 7228+++20*
_xoinqoqnph ojoi~}n} ,]TEQ ojoi~}n}.
Qlh `eiietnjd ]TEQ ojoi~}n} morqxwh} qlh konj }qwhjdql} oja thocjh}}h} tnqlnj qlh
mekroj~) oja ah}mwngh} qlh errewqxjnqnh} oja qlwhoq} e` qlh mekroj~*
]qwhjdql}6
Lndli~ h|rhwnhjmha ]hjnew H|hmxqnph} }ekh e` tlek lo} iemoi ojanjqhwjoqnejoi }ndjn`nmojq rlowkomhxqnmoi inqhwoqxwh*
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Deea whrxqoqnej tnql lndl nkodh*
H``nmnhjq) }cniiha) h|rhwnhjmha oja ahanmoqha }qo`` khkghw}
Iowdh mx}qekhw Go}h oja rweaxmq ahphierkhjq morogninqnh} oja exq}qojanjd
rwe`h}}nejoi }hwpnmh}*
Wh}exwmh} owh oponiogih nj Gojdioah}l
]xowh rlowko n} ogih qe koch ghjmlkowcnjd khanmnjh}
Njmwho}njd rwh}hjmh nj qlh kowchq
Whdxioqew~ rhw`ewkojmh n} }qwejd oja re}nqnph
Hkrie~hh kegninq~ n} iethw qloj qloq e` nq} wnpoi*
Thocjh}}6
Jej+oponiogninq~ e` lndl qhmljeied~
Hphw~qlnjd n} jeq ewdojnvha*
Qnkh mej}xknjd ahmn}nej kocnjd rwemh}}
Njmewwhmq khqlea ew meiihmqnjd wh}exwmh} oja njphjqew~ kojodhkhjq
Iomc e` o}}hq kojodhkhjq oja ahgq*
Knjnkxk rwe`nq nj mekrown}ej tnql eqlhw}*
Errewqxjnqnh}
Dephwjkhjq ]xrrewq
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Gojcnjd oja nj`ewkoqnej qhmljeied~
Mwhanq injh tnql thii cjetj `ewhndj gojc moj dhow xr nq} `ewhndj
h|mlojdh gx}njh}}*
Hjqhwnjd nj jht owhjo rweaxmq lhir} qe dwet mx}qekhw}$ mej`nahjmh*
Errewqxjnq~ qe qoch kowchq }lowh oto~ wek wnpoi} g~ e``hwnjd jht
njjepoqnph rweaxmq ew }hwpnmh}*
Errewqxjnq~ qe hjqhw njqe qlh diegoi kowchq*
Qlwhoq}6
Lncnjd rwnmh e` wot koqhwnoi}6 Kewh oja kewh `omqewnh}) h}rhmnoii~ }koii ejh}) owh
`omnjd mie}xwh axh qe rwnmh lnch e` wot koqhwnoi}* O} th owh fx}q hjqhwha nj qlh kowchq nq
tnii gh o dwhoq qlwhoq `ew x}*
Njoahxoqh Rethw }xrri~6 Qlh njax}qw~ }exwmh} oi}e giokha iomc e` oahxoqh rethw
}xrri~ `ew kocnjd qlh njax}qw~ kewh pxijhwogih* Th loph qe `omh qlh }okh rwegihk
lhwh oja `ew qln} koj~ njax}qwnh} owh }lxqqnjd aetj jet ao~}*
Khwdhw} oja Omxn}nqnej
@whxhjq Mxwwhjm~ Ahpoixoqnej
Mekrhqnqew} owh kxml nj rlowkomhxqnmoi njax}qwnh}
Mekrhqnqew} owh e``hwnjd njjepoqnph jht rweaxmq oja }hwpnmh} whdxiowi~*
Koqmlnjd qlhk n} whoii~ lowa*
EPHWOII @NJOJMNOI ]XKKOW^ e` ]xowh Rlowkomhxqnmoi}+
O`qhw ojoi~vnjd oii qlh woqne}) th loph exja exq qlh eiietnjd nj`ewkoqnej6
?* Inxnanq~ Woqne}6 Nj qlh inxnanq~ woqne th moj }hh qloq geql mxwwhjq woqne oja xnmc
woqne nkrwepha ephw qnkh kowdnjoii~* Qlh }nqxoqnej to} oike}q }qogih*
7* Omqnpnq~ Woqne}6 Njphjqew~ qxwjephw) Qeqoi O}}hq Qxwjephw) @n|ha O}}hq Qxwjephw oii
loa ghhj whioqnphi~ }qogih qlwexdlexq qlh qlwhh ~how}* Ophwodh Meiihmqnej rhwnea n} oi}e
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phw~ deea* Qlh eji~ rwegihk lhwh n} qlh Ophwodh meiihmqnej rhwnea tlnml n} to~ lndl*
Lethphw) }xml o }nqxoqnej n} omqxoii~ rwhqq~ kxml jewkoi ew gnd mekrojnh}*
=* Ahgq Woqne}6 Lhwh Ahgq woqne lo} nkrwepha ephw qnkh oja QNH lo} whkonjha rwhqq~
kxml }qogih*
1* Rwe`nqogninq~ Woqne}6 Orowq `wek Dwe}} Rwe`nq Woqne) ke}q e` qlh Rwe`nqogninq~ woqne}
loph omqxoii~ ahmwho}ha nj 7228+20* Oiqlexdl qlh ahmwho}h woqh n} phw~ knjnkoi }qnii nq n}
o rwegihk `ew ]xowh oja qlh~ jhha qe qw~ qe nkrweph qlh}h woqne}*
@wek qlh qeqoi ojoi~}n}) th moj }xkkownvh qloq ]xowh Rlowkomhxqnmoi} Iqa* lo} ghhj
aenjd rwhqq~ deea qlwexdl exq qlh ~how}* Nq n} qwxh qloq io}q ~how qlhwh whqxwj ana ahminjh
gxq nq n} }qnii rwhqq~ kxml }oqn}`omqew~* Qlhwh`ewh) th moj mejmixah qloq ]xowh
Rlowkomhxqnmoi} Iqa* n} o deea hjexdl mekroj~ qe njph}q ej*
Whmekkhjaoqnej6@eiietnjd qwexgih} exja nj ojoi~}n}6
Kojodhkhjq }lexia hkrlo}n} qe whaxmh qlh an``hwhjmh} ghqthhj Ophwodh meiihmqnej
rhwnea oja ophwodh ro~khjq rhwnea* Nq tnii} wh}xiq} inxnanq~ e` qlh mekroj~*
Kojodhkhjq }lexia qw~ qe gee}q xr nq} xnmc oja mxwwhjq woqnej} & qlh howjnjd} rhw
}lowh*
Mekroj~ }lexia whaxmh nq} ahrhjahjm~ ej ahgq ghmox}h nq n} phw~ wn}c~*
Kojodhkhjq moj njmwho}h qlhnw rwe`nq gh`ewh qo| n` qlh~ n` qlh~ moj mxq qlh `njojmnoi me}q
oja x}h ih}} ahgq mornqoi*
Mejmix}nej
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Qln} whrewq lo} qte nahjqnmoi rowq}* Nj qlh `nw}q rowq th loph moimxioqha `nph ~how} woqne e`
]xowh rlowko ojjxoi whrewq e` njojmnoi ~how 722=+7220*
Th loph moimxioqha qlhnw woqne} oja Axrejq ojoi~}n}* Ojoi~vnjd mekrojnh}„
rhw`ewkojmh mekrowh qe qlh }xowh rlowkomhxqnmoi mekroj~ oi}e kho}xwha nj qln} rowq
e` qlh whrewq*