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Royalty Pharma-2026-JPM.pdf

上传人: 明**** 编号:1069788 2026-01-17 35页 1.40MB

1、J.P.Morgan Healthcare ConferenceJanuary 13,2026This presentation has been prepared by Royalty Pharma plc(the“Company”),is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities.The information set forth herein does not purport to

2、 be complete or to contain all of the information you may desire.Statements contained herein are made as of the date of this presentation unless stated otherwise,and neither the delivery of this presentation at any time,nor any sale of securities,shall under any circumstances create an implication t

3、hat the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof.This presentation contains statements that constitute“forward-looking st

4、atements”as that term is defined in the United States Private Securities Litigation Reform Act of 1995,including statements that express the Companys opinions,expectations,beliefs,plans,objectives,assumptions or projections regarding future events or future results,in contrast with statements that r

5、eflect historical facts.Examples include discussion of Royalty Pharmas strategies,financing plans,growth opportunities and market growth.In some cases,you can identify such forward-looking statements by terminology such as“may,”“might,”“will,”“should,”“expects,”“plans,”“anticipates,”“believes,”“esti

6、mates,”“target,”“forecast,”“guidance,”“goal,”“predicts,”“project,”“potential”or“continue,”the negative of these terms or similar expressions.Forward-looking statements are based on managements current beliefs and assumptions and on information currently available to the Company.However,these forward

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1. **业绩表现**:2025年投资组合收入指引中点为32.25亿美元(同比增长约15%),ROIC 15.7%,ROIE 22.9%。 2. **资本配置**:新增8项特许权交易,宣布价值47亿美元,部署资本26亿美元;回购12亿美元股票,股息中个位数增长。 3. **增长驱动**:2020-2025e年CAGR 11-14%,2030年目标收入47亿美元;合成特许权交易创新高(2025年达47亿美元)。 4. **投资策略**:65%资本投向已获批产品,开发阶段成功率90%(行业基准52%);2026-2027年多项III期临床结果潜在释放峰值特许权收入超21亿美元。 5. **股东回报**:目标2025-2030年每股投资组合现金流超7.5美元(CAGR 11%+),年化总股东回报中双位数。
**增长动力何在?** **投资回报如何?** **未来布局怎样?**
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