Respiratory & Immunology: Near- Term Opportunities

Break-out session 4 Respiratory & Immunology: near- term opportunities

Richard Marshall, Senior Vice President, late-stage R&D Pablo Panella, Senior Vice President, Head of Respiratory & Immunology, BioPharmaceuticals Business Unit Gerard O’Malley, Global Franchise Head, tezepelumab, late-stage R&D Micki Hultquist, Global Franchise Head, anifrolumab, late-stage R&D

25 March 2021

Interactive event for investors and analysts. This webinar is being recorded. https://astrazeneca.zoom.us/webinar/register/WN_WkP2l8waRWiCoa9ROqIkUQ Forward-looking statements

In order, among other things, to utilise the 'safe harbour' provisions of the US Private Securities Litigation Reform Act of 1995, AstraZeneca (hereafter ’the Group’) provides the following cautionary statement: this document contains certain forward-looking statements with respect to the operations, performance and financial condition of the Group, including, among other things, statements about expected revenues, margins, earnings per share or other financial or other measures. Although the Group believes its expectations are based on reasonable assumptions, any forward-looking statements, by their very nature, involve risks and uncertainties and may be influenced by factors that could cause actual outcomes and results to be materially different from those predicted. The forward-looking statements reflect knowledge and information available at the date of preparation of this document and the Group undertakes no obligation to update these forward-looking statements. The Group identifies the forward-looking statements by using the words 'anticipates', 'believes', 'expects', 'intends' and similar expressions in such statements. Important factors that could cause actual results to differ materially from those contained in forward-looking statements, certain of which are beyond the Group’s control, include, among other things: the risk of failure or delay in delivery of pipeline or launch of new medicines; the risk of failure to meet regulatory or ethical requirements for medicine development or approval; the risk of failure to obtain, defend and enforce effective intellectual property (IP) protection and IP challenges by third parties; the impact of competitive pressures including expiry or loss of IP rights, and generic competition; the impact of price controls and reductions; the impact of economic, regulatory and political pressures; the impact of uncertainty and volatility in relation to the UK’s exit from the EU; the risk of failures or delays in the quality or execution of the Group’s commercial strategies; the risk of failure to maintain supply of compliant, quality medicines; the risk of illegal trade in the Group’s medicines; the impact of reliance on third-party goods and services; the risk of failure in information technology, data protection or cybercrime; the risk of failure of critical processes; any expected gains from productivity initiatives are uncertain; the risk of failure to attract, develop, engage and retain a diverse, talented and capable workforce; the risk of failure to adhere to applicable laws, rules and regulations; the risk of the safety and efficacy of marketed medicines being questioned; the risk of adverse outcome of litigation and/or governmental investigations; the risk of failure to adhere to increasingly stringent anti-bribery and anti-corruption legislation; the risk of failure to achieve strategic plans or meet targets or expectations; the risk of failure in financial control or the occurrence of fraud; the risk of unexpected deterioration in the Group’s financial position; and the impact that the COVID-19 global pandemic may have or continue to have on these risks, on the Group’s ability to continue to mitigate these risks, and on the Group’s operations, financial results or financial condition. Nothing in this document, or any related presentation/webcast, should be construed as a profit forecast.

2 Respiratory diseases Under recognised and under treated

Asthma COPD1 Evidence to transform care 339m 176m 384m patients attacks patients worldwide worldwide each year rd 3 • ICS2/formoterol preferred anti- cause of death in 2020, more deaths than cancer each year inflammatory reliever in asthma >50% ~34m [Symbicort] remain with severe uncontrolled disease 20% • Biologics standard of care for will die within one year severe asthma and to reduce need after 1st hospitalisation for OCS3 50% One [Fasenra] of asthma healthcare COPD exacerbation can more than • Beneficial effects on mortality costs from severe disease double the rate of lung function decline from triple therapy in COPD [Breztri]

Sources: GINA, The Global Asthma Report 2018. AZ ID:SD-3010-ALL-0017. Davis J, Trudo F, Siddall J, et.al. Journal of Sources: Adeloye D, et al. J Glob Health. 2015;5(2):020415. WHO, The top 10 causes of death [online]. GOLD, 2020 Asthma, 2019; 56:3, 332-340. Wenzel S. Am J Respir Crit Care Med. 2005;172:149-160. WAO, The management of report. Ho-TW, et al. PLoS ONE. 2014;9(12):e114866. Halpin DMG at al, Respir Med 2017;128-85:91 Source: Martinez FJ, et al. Am J Resp and Crit Care Med. 2020;201: A4214. severe asthma: economic analysis of the cost of treatments for severe asthma [online]. 1. Chronic obstructive pulmonary disease. 2. Inhaled corticosteroids 3. Oral corticosteroids. 3 Breztri and PT027: strength in inhaled medicines Next-generation medicines for mild and moderate disease

Breztri: poised to be a strong competitor PT027: first ICS/SABA1 in the fastest-growing COPD class rescue medicine for the US

COPD patients, millions Pack units sold, FY 2020, China Launch aligned TRx volume (24wks), US • Replace traditional SABA rescue approach with ‘as needed’ ICS/SABA to treat underlying inflammation

• Phase III results in H2 2021 29 “Concomitant ICS and SABA taken as needed is a preferred 16 option at Step 2” 2020 US National Asthma Education and 3 Prevention Program guidelines 2 71m T8 COPD Patients eligible Patients on triple rescue inhalers used in treated patients for triple therapy therapy the US per year Encouraging performance seen in China and US Rescue medicines Asthma programme in progress, data readout 2022+ valued at $2.5bn

Fixed triple Open triple Breztri Competitor Sources: NIH, NAEPP report: 2020 focused updates to the asthma management Source: IQVIA China hospital sales Jan-Dec 2020; IQVIA weekly data - week ending 12/03/21, Breztri week one = week ending 02/10/20, Competitor week one = week ending guidelines [online]. IQVIA, MAT sales 2020, Rescue defined as SABA only. 03/11/17. T8 markets are US, EU5, China and Japan. 1. Short-acting beta agonist. 4 Fasenra and tezepelumab: asthma leadership Greater use of biologics anticipated in severe asthma

Significant opportunity to grow Tezepelumab5: positive NAVIGATOR Phase III data in broad population

biopenetration in severe asthma 3 ↓70% ↓68% (95% CI: 60, 78) (95% CI: 58, 75) Fasenra remains key 2.66 ↓58% ↓51% ↓56%* 2.52 1 (95% CI: 47, 67) (95% CI: 33, 64) choice for high EOS (95% CI: 47, 63) 2.21 23% patients 2 2.1 ↓41%* ↓39% 2.03 (95% CI: 25, 54) (95% CI: 12, 58) ↓32% (95% CI: 8, 49) 2 3 1.73 1.7 TRx 23% | NBRx 28% 1.57 New PONENTE data in

OCS weeks 52 over ratio AAER 1 1.09 1.02 1.04 1.07 0.93 0.85 0.79 0.82

Only 15% of eligible 15% n=531 n=528 n=309 n=309 n=138 n=138 n=222 n=219 n=220 n=213 n=307 n=309 n=341 n=339 n=117 n=184 patients have access 0 Overall population EOS<300 EOS<150 EOS ⩾300 FeNO <25 FeNO ⩾25 IgE – any FEIA IgE status – any FEIA 4 to a biologic (RA positive negative ~45% in US) The first and only biologic to demonstrate AAER6 reduction irrespective of baseline blood EOS, FeNO7, and allergic status

Sources: Menzies-Gow A, et al. Poster presented at the AAAAI Annual Meeting, 26 February to 1 tezepelumab placebo Sources: Menzies-Gow A, et al. Poster presented at the AAAAI Annual Meeting, 26 February to 1 March 2021. Hanania NA, et al. Ann Intern Med. 2011;154 (9):573-82. Yancey March 2021. L45. Source: Latest market share from IQVIA, T7 markets: US, EU5, Japan. 1. SW, et al. Respir Med 2019;151:139-141. FitzGerald JM, et al. Lancet Respir Med 2018;6(1):51-64. Castro M, et al. N Engl J Med. 2018;378(26):2486-2496. Ortega HG, et al. N Engl J M 2014;371(13):1198-207. Eosinophilic 2. Total prescriptions, exit share Dec 2020 3. New-to-brand prescriptions, YTD Dec Wenzel S, et al. Lancet 2016;388(10039):31-44 5. In collaboration with Amgen Inc. 6. Annualised asthma exacerbation rate 7. Fractional exhaled nitric oxide. 2020 4. Rheumatoid arthritis. 5 Increasing presence in immunology Pursuing leadership, starting with lupus

Near term

• Enter rheumatology with anifrolumab in systemic lupus erythematosus

Adaptive Immunity Innate Immunity Tissue Mechanisms Medium term

T regulatory B-cell T effector Inflammatory Nucleic acid Eosinophil/ Th21- Tissue Stromal- cell humoral cell myeloid cell mast cell damage/ Fibrosis • Expand anifrolumab in signaling/ responses immune axis induction responses dysfunction responses Inflammasome activation barrier interferon diseases • Launch Fasenra and anifrolumab anifrolumab tezepelumab tezepelumab LCM5 In clinical Fasenra indications development brazikumab MEDI3506 (IL333) • Enter Crohn’s disease and ulcerative colitis with AZD9567 (oSGRM2) AZD9567 (oSGRM) brazikumab

Early-stage AZD5055 (PORC4) and emerging Two preclinical projects addressing tissue Long term projects Four preclinical projects in adaptive immunity Two preclinical projects in innate immunity mechanisms • Novel pathways with disruptive potential

1. T helper type 2 2. Oral selective glucocorticoid receptor modulator 3. Interleukin 33 4. Porcupine inhibitor 5. Life cycle management. Source: AstraZeneca data on file. 6 Anifrolumab: first new SLE1 treatment in 10 years Potential first-in-class MOA2 with robust efficacy. LCM plans include LN3, CLE4, myositis

TULIP 2 Phase III trial BICLA5 Pooled TULIP 1/2 Phase III trials Pooled TULIP 1/2 Phase III trials scores, overall responders Skin CLASI6 response OCS sparing without flares

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20 20 Anifrolumab 300 mg (N=107) 10 Placebo (N=94) 10 0 4 8 12 16 20 24 28 32 36 40 44 48 52 4 8 12 16 20 24 28 32 36 40 44 48 52 Weeks from Baseline Weeks from baseline

Subset of patients ≥ 10 CLASI-A score at baseline. Week 52 treatment difference: 16.3 ≥50% CLASI-A response at Week 12 95% CI: 6.3%, 26.3% treatment difference: 21.0% (95% CI: 8.1%, 34.0%); Subset of patients taking anifrolumab placebo p value: 0.001 anifrolumab placebo nominal p<0.001 anifrolumab placebo ≥ 10mg OCS per day at baseline. Early and sustained reduction Improves key organs of interest, Prevents flares while also in overall disease activity including reduction in skin activity allowing patients to taper OCS

Source: Morand E et al, ACR 2019; Late breaking abstract L17. 1. Systemic lupus erythematosus 2. Mechanism of action 3. Lupus nephritis 4. Cutaneous lupus erythematosus 5. British Isles Lupus Source: Werth et al. ACR 2020. Abstract ID: 0985 6. Cutaneous Lupus Erythematosus Assessment Group–based Composite Lupus Assessment. Disease Area and Severity Index. Source: Furie et al. ACR 2020. Abstract ID: 1827. 7 Full pipeline and news flow Upcoming milestones and key readouts

Respiratory and Immunology: near-term opportunities Upcoming milestones

Phase II Phase III Regulatory review H1 2021 anifrolumab AZD7442 Fasenra MANDARA anifrolumab TULIP Type I IFN1 receptor long-acting antibody combination IL5R Type I IFN receptor • tezepelumab - severe asthma: regulatory 6 14 lupus nephritis COVID-19 EGPA SLE submission anifrolumab brazikumab Fasenra MESSINA Type I IFN receptor SLE IL23 IL5R • Fasenra – nasal polyps: regulatory subcutaneous Crohn’s disease eosinophilic oesophagitis submission brazikumab nirsevimab7 Fasenra NATRON IL232 mAb8-YTE9 IL5R ulcerative colitis passive RSV10 immunisation hypereosinophilic syndrome H2 2021 Fasenra ARROYO PT02711 Fasenra OSTRO, ORCHID IL5R3 ICS/SABA IL5R • anifrolumab - lupus: regulatory decision chronic spontaneous urticaria asthma nasal polyps (US, EU, JP) Fasenra HILLIER tezepelumab Fasenra RESOLUTE • PT027 - asthma: Phase III data readout IL5R TSLP IL5R atopic dermatitis severe asthma COPD

tezepelumab4 Breztri Fasenra FJORD TSLP5 LABA12/LAMA13/ICS IL5R 2022 atopic dermatitis asthma bullous pemphigoid • Fasenra - eosinophilic oesophagitis, tezepelumab Highlighted in presentation hypereosinophilic syndrome: Phase III data TSLP COPD Other pipeline medicines readout

Status as of 25 March 2021. 1. Interferon 2. Interleukin 23 3. Interleukin 5 receptor 4. In collaboration with Amgen Inc. 5. Thymic stromal lymphopoietin 6. Coronavirus disease 2019 9. 7. In collaboration with Sanofi S.A. 8. Monoclonal antibody 9. Triple modification, M252Y/S254T/T256E, of the fragment crystallisable region of an IgG antibody which extends half life - Robbie, G.J., et al. Antimicrob Agents Chemother, 2013. 57(12): p. 6147-53 10. Respiratory syncytial virus 11. In collaboration with Avillion 12. Long acting beta agonist 13. Long acting muscarinic agonist 14. Eosinophilic granulomatosis with polyangiitis. 8 Questions & Answers

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9 Appendix

10 Publications

anifrolumab Trial Congress/journal Title Author Citation European League Against Rheumatism (EULAR) 2020, Oral Presentation: Early and sustained responses with anifrolumab treatment in patients with active Morand EF, Furie R, TULIP 1 and 2 2020;79(suppl. 1):2-3. Annals of the Rheumatic systemic lupus erythematosus (SLE) in 2 phase 3 trials Bruce I, et al. Diseases EULAR 2020, Annals of the Oral Presentation: Efficacy of anifrolumab in active systemic lupus erythematosus: patient subgroup Morand EF, Furie R, TULIP 1 and 2 2020;79(suppl. 1):32. Rheumatic Diseases analysis of BICLA response in 2 phase 3 trials Tanaka Y, et al. American College of Oral Presentation: Early and sustained reduction in severity of skin disease with anifrolumab Werth V, Furie R, TULIP 1 and 2 Rheumatology (ACR) 2020, treatment in patients with active SLE measured by the Cutaneous Lupus Erythematosus Disease Area 2020; 72 (suppl. 10). Morand E, et al. Arthritis & Rheumatology and Severity Index (CLASI): pooled data from 2 phase 3 studies Breztri Oral Presentation: Rate of Severe COPD Exacerbations with Budesonide/Glycopyrronium/Formoterol British Thoracic Society (BTS) Ferguson G, Rabe K, ETHOS Fumarate Dihydrate Metered Dose Inhaler (BGF MDI) Versus Dual Therapies: A Post-hoc Subgroup 2021;76:A16. 2021, Thorax Martinez F, et al. Analysis of the ETHOS trial American Thoracic Society Oral Presentation: Single-Inhaler Triple Combination Therapy with (ATS) 2020, American Journal Rabe KF, Martinez FJ, ETHOS Budesonide/Glycopyrrolate/Formoterol Fumarate Metered Dose Inhaler (BGF MDI) at Two 2020;201:2493. of Respiratory and Critical Care Ferguson GT, et al. Corticosteroid Dose Levels in COPD: ETHOS trial Medicine European Respiratory Society Poster: Exacerbation benefit by blood eosinophil counts with Rabe KF, Martinez FJ, ETHOS (ERS) 2020, European budesonide/glycopyrronium/formoterol metered dose inhaler (BGF MDI) at two ICS dose levels in 2020;56(suppl. 64):984. Ferguson GT, et al. Respiratory Journal the ETHOS trial: a subgroup analysis ERS 2020, European Poster: COPD exacerbation rates by month in the ETHOS trial with Rabe KF, Martinez FJ, ETHOS 2020;56(suppl. 64):977. Respiratory Journal budesonide/glycopyrronium/formoterol metered dose inhaler (BGF MDI) at two ICS dose levels Ferguson GT, et al. Oral Presentation: Seasonal variation in COPD exacerbation rates: ERS 2020, European Rabe KF, Martinez FJ, 2020;56(suppl. ETHOS budesonide/glycopyrronium/formoterol metered dose inhaler (BGF MDI) at two ICS dose levels in Respiratory Journal Ferguson GT, et al. 64):5238. the ETHOS trial ERS 2020, European Oral Presentation: COPD exacerbation benefits relative to pneumonia risk with Rabe KF, Martinez FJ, 2020;56(suppl. ETHOS Respiratory Journal budesonide/glycopyrronium/formoterol metered dose inhaler: analyses from ETHOS Ferguson GT, et al. 64):5230. 11 Publications, continued

Fasenra Trial Congress/journal Title Author Citation American Academy of Allergy, Asthma & Immunology (AAAAI) Poster: Elimination of Oral Corticosteroids (OCS) with (or Following) Benralizumab Treatment in OCS- Menzies-Gow A, Gurnell 2021;147(2 PONENTE 2021, The Journal of Allergy Dependent Asthmatics Using a Rapid, Personalized Algorithm: The PONENTE Trial M, Heaney LG, et al. suppl.):AB249. and Clinical Immunology AAAAI 2020, The Journal of Oral Presentation: Three-Year Safety and Efficacy of Benralizumab for Adolescent Patients with Busse WW, Bleecker ER, 2020;145(2 BORA Allergy and Clinical Severe, Uncontrolled Asthma: Results of BORA Extension Study FitzGerald JM, et al. suppl.):AB174. Immunology American Thoracic Society (ATS) 2020, American Journal Poster: Exacerbation Reduction and Early Improvements in SGRQ, Lung Function, and Symptoms of Harrison TW, Chanez P, ANDHI 2020;201:A4274. of Respiratory and Critical Care Nasal Polyposis with Benralizumab for Severe, Eosinophilic Asthma: Phase IIIb ANDHI Trial Menzella F, et al. Medicine European Academy of Allergy Oral Presentation: Benralizumab Efficacy for Severe, Eosinophilic Asthma with a Diagnosis of Nasal Canonica GW, Harrison ANDHI and Clinical Immunology 2020;75(suppl. 109):114 Polyposis: Results from the Phase IIIb ANDHI Trial TW, Chanez P, et al. (EAACI), Allergy American College of Allergy, Asthma and Immunology Poster: Comprehensive Response to Benralizumab by Patients with Nasal Polyposis and Severe, Kreindler J, Chanez P, OSTRO 2020;125(5 suppl.):S29. (ACAAI) 2020, Annals of Eosinophilic Asthma Bourdin A, et al. Allergy, Asthma & Immunology PT027 ATS 2020, American Journal of Poster: Evaluation of the Efficacy and Safety of As-needed PT027 (budesonide/albuterol MDI) Chipps BE, Albers FC, MANDALA Respiratory and Critical Care Compared to As-needed Albuterol MDI in Adults and Children 4 Years of Age or Older with 2020;201(suppl.):A3015. Reilly L, et al. Medicine Uncontrolled Moderate to Severe Asthma: Design of the MANDALA Study tezepelumab AAAAI 2021, The Journal of Poster: Efficacy and safety of tezepelumab in adults and adolescents with severe, uncontrolled Menzies-Gow A, Corren 2021;147(2 NAVIGATOR Allergy and Clinical asthma: results from the phase 3 NAVIGATOR study J, Bourdin A, et al. suppl.):AB249. Immunology AAAAI 2021, The Journal of Poster: Treatment with tezepelumab reduces serum interleukin (IL)-5 and IL-13 in patients with Pham T-H, Cook B, 2021;147(2 PATHWAY Allergy and Clinical severe, uncontrolled asthma to levels approaching those observed in healthy individuals Colice G, et al. suppl.):AB57. 12 Immunology Publications, continued

Tezepelumab, continued Trial Congress/journal Title Author Citation American Academy of Allergy, Asthma & Immunology (AAAAI) Oral Presentation: Tezepelumab efficacy in patients with allergic and non-allergic asthma: a post hoc Corren J, Colice G, 2021;147(2 PATHWAY 2021, The Journal of Allergy analysis of the PATHWAY phase 2b study Salapa K, et al. suppl):AB157. and Clinical Immunology AAAAI 2020, The Journal of Poster: Effect of Tezepelumab on Exacerbations in Patients with Severe, Uncontrolled Asthma, Ambrose CS, Corren J, PATHWAY Allergy and Clinical 2020;145(2 Suppl):AB25 According to Baseline Body Mass Index: Results from the Phase 2b PATHWAY Study Salapa K, et al. Immunology American Thoracic Society (ATS) 2020, American Journal Poster: The effect of tezepelumab on exacerbations in patients with severe, uncontrolled asthma Corren J, Ambrose C, PATHWAY 2020;201(Suppl):A4255. of Respiratory and Critical Care according to baseline serum IL-5 and IL-13 levels: results from the phase 2b PATHWAY study Salapa K, et al. Medicine ATS 2020, American Journal of Poster: Seasonal variability of exacerbations in patients with severe, uncontrolled asthma and clinical Corren J, Karpefors PATHWAY Respiratory and Critical Care 2020;201(Suppl):A4257. benefits of tezepelumab: results from the PATHWAY phase 2b study M, Hellqvist Å, et al. Medicine ATS 2020, American Journal of Poster: Eosinophil counts and fractional exhaled nitric oxide levels after cessation of tezepelumab: Pavord I, Menzies-Gow PATHWAY Respiratory and Critical Care 2020;201(Suppl):A4255. results from the PATHWAY phase 2b study A, Bengtsson T, et al. Medicine ATS 2020, American Journal of Poster: Effects of tezepelumab on asthma exacerbations and type 2 biomarkers in patients with Emson C, Corren J, PATHWAY Respiratory and Critical Care severe, uncontrolled asthma with and without nasal polyps: results from a post hoc analysis of the 2020;201(Suppl):A4256. Salapa K, et al. Medicine phase 2b PATHWAY study European Respiratory Society Poster: Efficacy of tezepelumab in patients with low and high bronchodilator reversibility in Corren J, Liu MC, Bowen PATHWAY (ERS) 2020, European 2020;56:2269. PATHWAY K, et al. Respiratory Journal American College of Chest Oral Presentation: The effect of tezepelumab on exacerbations in patients with severe, uncontrolled Corren J, Ambrose CS, 2020;158(4(suppl)):A30- PATHWAY Physicians (CHEST) 2020, asthma according to baseline inhaled corticosteroid dose: results from the phase 2b PATHWAY study Salapa K, et al. A31. Allergy and Airway American College of Allergy, Asthma and Immunology Oral Presentation: Tezepelumab efficacy in severe asthma by specific allergen sensitivity: results from Corren J, Ambrose CS, PATHWAY 2020;125(5):S5-S6. (ACAAI) 2020, Annals of the PATHWAY study Salapa K, et al. 13 Allergy, Asthma & Immunology Use of AstraZeneca conference call, webcast and presentation slides The AstraZeneca webcast, conference call and presentation slides (together the ‘AstraZeneca materials’) are for your personal, non-commercial use only. You may not copy, reproduce, republish, post, broadcast, transmit, make available to the public, sell or otherwise reuse or commercialise the AstraZeneca materials in any way. You may not edit, alter, adapt or add to the AstraZeneca materials in any way, nor combine the AstraZeneca materials with any other material. You may not download or use the AstraZeneca materials for the purpose of promoting, advertising, endorsing or implying any connection between you (or any third party) and us, our agents or employees, or any contributors to the AstraZeneca materials. You may not use the AstraZeneca materials in any way that could bring our name or that of any Affiliate into disrepute or otherwise cause any loss or damage to us or any Affiliate. AstraZeneca PLC, 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, CB2 0AA. Telephone + 44 20 3749 5000, www.astrazeneca.com