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Q4 & FY21 Financial Results: February 1, 2022

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0% found this document useful (0 votes)
152 views36 pages

Q4 & FY21 Financial Results: February 1, 2022

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Q4 & FY21 Financial Results

February 1, 2022

Confidential – Internal Use Only


Forward-Looking Statements
Statements included in this presentation that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Gilead
cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include those
relating to: the impact of the COVID-19 pandemic on Gilead’s business, financial condition and results of operations; the development, manufacturing and distribution of Veklury as a
treatment for COVID-19, including the uncertainty of the amount and timing of future Veklury sales and Gilead’s ability to effectively manage the global supply and distribution of Veklury;
Gilead’s ability to achieve its anticipated full year 2022 financial results, including as a result of potential adverse revenue impacts from COVID-19, increases in R&D expenses and potential
revenues from Veklury; Gilead’s ability to make progress on any of its long-term ambitions or strategic priorities laid out in its corporate strategy; Gilead’s ability to accelerate or sustain
revenues for its virology, oncology and other programs; Gilead’s ability to realize the potential benefits of acquisitions, collaborations or licensing arrangements, including those involving
Arcus Biosciences, Inc. and Merck & Co., Inc.; Gilead’s ability to initiate, progress or complete clinical trials within currently anticipated timeframes or at all, the risk that FDA may not
remove clinical holds currently in place on any clinical trials, the possibility of unfavorable results from ongoing and additional clinical trials, including those involving Trodelvy,
domvanalimab, etrumadenant, magrolimab, quemliclustat and remdesivir, and the risk that safety and efficacy data from clinical trials may not warrant further development of Gilead’s
product candidates or the product candidates of Gilead’s strategic partners; Gilead’s ability to submit new drug applications for new product candidates or expanded indications, including
Trodelvy and Yescarta, in the currently anticipated timelines; Gilead’s ability to receive regulatory approvals in a timely manner or at all, including approvals for Hepcludex, Tecartus,
Trodelvy, Yescarta and lenacapavir, and the risk that any such approvals may be subject to significant limitations on use; Gilead’s ability to successfully commercialize its products; the risk
of potential disruptions to the manufacturing and supply chain of Gilead’s products; pricing and reimbursement pressures from government agencies and other third parties, including
required rebates and other discounts; a larger than anticipated shift in payer mix to more highly discounted payer segments; market share and price erosion caused by the introduction of
generic versions of Gilead products; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the
products, including Tecartus, Trodelvy and Veklury; and other risks identified from time to time in Gilead’s reports filed with the SEC, including annual reports on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K. In addition, Gilead makes estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and
related disclosures. Gilead bases its estimates on historical experience and on various other market specific and other relevant assumptions that it believes to be reasonable under the
circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. There may be
other factors of which Gilead is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ significantly from these
estimates. Gilead directs readers to its press releases, annual reports on Form 10-K, quarterly reports on Form 10-Q and other subsequent disclosure documents filed with the SEC. Gilead
claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements.
The reader is cautioned that forward-looking statements are not guarantees of future performance and is cautioned not to place undue reliance on these forward-looking statements. All
forward-looking statements are based on information currently available to Gilead and Gilead assumes no obligation to update or supplement any such forward-looking statements other
than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.

2
Contents

Q421 & FY21 Key Takeaways 4-5

Commercial Highlights 6-14

CMO Updates 15-23

Financial Performance 24-29

Appendix 30-36
Gilead Q421 & FY21 Key Takeaways
• Exceeded 2021 full year revenue by 11% compared to initial guidance at the midpoint
• EPS impacted by legal settlement and Arcus opt-in expense
Strong Financial • Veklury continued to play key role in pandemic; 2021 full year revenue of $5.6B
Results • Biktarvy grew $1.4B (19% YoY) to $8.6B for FY21
• Effectively managed $1.3B Truvada and Atripla LOE impact

• Received MAA approval for Trodelvy in 2L mTNBC


Recent Regulatory • Received sBLA approval for Tecartus in aALL; submitted sBLA and MAA for Yescarta 2L LBCL
Approvals & Filings • Received expanded Veklury label in the U.S. (2022) and EU (2021)
• Submitted BLA filing for Hepcludex

• Dosed first patient in Phase 1 oral COVID nucleoside for treatment of COVID-19 in Jan 2022
Active Pipeline • 2+ long-acting candidates moving into clinical development for HIV treatment
Expansion • Opted into 4 Arcus assets in Q421, adding 6 clinical stage programs with 3+ more planned
Continuing in 2022 • Collaborations with Merck exploring Trodelvy and Keytruda combinations
• Over 20 planned initiations, including 15 Trodelvy trials, 7 of which are Phase 3

4 Note: aALL – adult acute lymphocytic leukemia. BLA – biologics license application. LBCL - large B cell Confidential
lymphoma. LOE– Internal Use
– loss of Only
exclusivity. MAA - marketing authorization application. mTNBC – metastatic triple-negative breast cancer.
sBLA – supplemental biologics license application.
2022 Focus: Select Key Catalysts Across Portfolio
1H22 2H22
Program Trial Indication Update Status Program Trial Indication Update Status
Potential sBLA/MAA
TROPiCS-02 HR+/HER2- mBC Phase 3 topline readout TROPiCS-02 HR+/HER2- mBC
submission
Trodelvy
EVOKE-02 1L NSCLC Phase 2 FPI EVOKE-03 1L NSCLC Phase 3 FPI
Trodelvy
ASCENT-03 1L mTNBC PD-L1- Phase 3 FPI Magrolimab ENHANCE-3 1L Unfit AML Phase 3 FPI1

ASCENT-04 1L mTNBC PD-L1+ Phase 3 FPI Yescarta ZUMA-7 2L LBCL MAA decision

ZUMA-7 2L LBCL sBLA decision Tecartus ZUMA-3 aALL MAA decision


Yescarta
ZUMA-5 R/R FL MAA decision Hepcludex MYR301 HDV BLA decision

Lenacapavir CAPELLA HIV Tx in HTE NDA decision Domvanalimab ARC-7 1L NSCLC Phase 2 PFS data

Etrumadenant ARC-6 CRPC Interim Phase 2 data

Quemliclustat ARC-8 1L PDAC Phase 2 PFS data

Completed On Track

Note: aALL – adult acute lymphocytic leukemia. AML – acute myeloid leukemia. BLA – biologics license application. CRPC – castrate-resistant prostate cancer. FL – follicular lymphoma. FPI – first patient in. HDV – hepatitis D virus. HIV -
human immunodeficiency virus. HR+/HER2- mBC - hormone receptor positive, human epidermal growth factor receptor 2 negative metastatic breast cancer. HTE – heavily treatment-experienced. LBCL - large B cell lymphoma. MAA -
5 marketing authorization application. mTNBC – metastatic triple-negative breast cancer. NDA – new drug application.
Confidential NSCLC – Use
– Internal non-small
Only cell lung cancer. PDAC - pancreatic ductal adenocarcinoma. PFS – progression free survival. R/R –
relapsed/refractory. sBLA – supplemental biologics license application. Tx – treatment. 1 Subject to shifts in timeline pending resolution of FDA partial clinical holds.
Commercial
Highlights
& Market
Dynamics

Confidential – Confidential
Internal Use Only
– Internal Use Only
Commercial Revenue Highlights Q421

Veklury®
$1,357
$4.5B HIV Product Sales
Up 7% YoY, up 8% QoQ
-30% YoY

HCV
$393
Trodelvy

$5.8B
-7% YoY
$118
HIV Total Product Sales excluding Veklury
$4,538
+141% YoY +7% YoY Up 8% YoY, up 7% QoQ
Cell Therapy
$239
+47% YoY

HBV/HDV

$7.2B Total Product Sales


$265
+9% YoY
Down 2% YoY, down 3% QoQ
Other
$250
-2% YoY

(in $M except as otherwise noted)

7 Note: HBV – hepatitis B virus. HCV – hepatitis C virus. HDV – hepatitis D virus. HIV - human immunodeficiency
Confidential
virus. – Internal Use Only
Veklury: Continues to Play Key Role in Pandemic
U.S. COVID-19 Hospitalizations1

155K

139K

$1,357M $5,565M
Q421 Sales FY21 Sales
99K

62K
>50% ~10M
55K
51K
56K 56K Patients hospitalized Patients globally
50K
45K
40K 41K
44K in the U.S. treated treated with
37K 36K 38K
with Veklury2 remdesivir3

COVID-19 INSIGHT: Veklury Q4 sales declined sequentially, reflecting


10/1 10/8 10/15 10/22 10/29 11/5 11/12 11/19 11/26 12/3 12/10 12/17 12/24 12/31 1/7 1/14
lower hospitalization rates following the Delta variant surge.

1 Source: IntegriChain 852 & 867 and HHS | Latest Data Date: 01/14/2022
2 Source: Healthverity Data and PINC AI™ Healthcare Data White Paper: Data that informs and performs, September 14, 2021. PINC AI™ Applied Sciences, Premier Inc. https://offers.premierinc.com/rs/381-NBB-
8 525/images/Premier-Healthcare-Database-Whitepaper-Final.pdf Confidential – Internal Use Only
3 Patients treated and utilization estimates are based on global Veklury, global remdesivir, and generic remdesivir volume donated and shipped for distribution. Within the US, assumed average treatment course is 5.5 vials/patient

and ex-US, assumed average treatment course is 6.25 vials/patient.


HIV: Another Record Quarter of Biktarvy Sales
Product Sales ($M)

$4,538
$4,257
$252 $3,938
$4,189 $252 $2.5B $8.6B
$285
$3,650
$590
Q421 Sales FY21 Sales
$567 $298
$602
$286
$596 • 11% QoQ Growth • 19% YoY Growth
$578 • 22% YoY Growth • Offsetting $1.3B LOE impact

$3,696
$3,438 $3,302
$3,044
$2,786

$473M • Up 9% QoQ, driven by favorable


seasonal pricing & inventory dynamics
Q421 Sales • Down 1% YoY, due to lower net price

Q420 Q121 Q221 Q321 Q421 COVID-19 INSIGHT: Year-over-year improvement in HIV treatment market,
U.S. Europe Other Int'l but screening and diagnoses rates remain below pre-pandemic levels.

9 Note: Biktarvy (bictegravir 50 mg, emtricitabine 200 mg, tenofovir alafenamide 25 mg) tablets. Descovy (emtricitabine
Confidential 200 mg,
– Internal Usetenofovir
Only alafenamide 25 mg) tablets.
Biktarvy: Leading and Growing in Market Share
U.S. Treatment TRx Share1
U.S. HIV Treatment Market
45%

42% BVY • Modest recovery with overall Tx market up


40%
1.5% YoY, though down 1% QoQ
35%

30%
5% Share Gain in 2021
TRx Share

25%

20%

15%

10%
#1 prescribed regimen in the U.S. 2

5%
6% New
Entrants
0%

>1 in 2 start on Biktarvy3

1 Source: IQVIA NPA Weekly; Descovy, Truvada and gF/TDF PrEP Volume excluded. New entrants include 2 new branded HIV treatments launched in the past 36 months. Based on the mixed reimbursement model, injectable

products will flow through both retail and non-retail channels and could cause underrepresentation in retail data due to buy and bill option. Note: This information is an estimate derived from the use of information under license
from the following IQVIA information service: NPA and LAAD. IQVIA expressly reserves all rights, including rights of copying, distribution and republication.
10 2 Source: Weekly IQVIA NPA MD Q421. Biktarvy #1 prescribed HIV regimen in the U.S. in Q421. Confidential – Internal Use Only
3 Source: Naïve U.S. Share based on longitudinal patient claims from IQVIA LAAD.
HCV: Market Share Growth Starts
Product Sales1 ($M)

$549
$510

$129
$423 $117 $429
$393

$96 $93 $111


$85
$135
$98 $94 Sales declined 7% YoY; down 8% QoQ
$99
• Gilead market share grew modestly sequentially in both
the U.S. and EU
$327

$229
$258 • Maintaining 50-60% share across core markets
$224 $209

COVID-19 INSIGHT: HCV patient starts were flat quarter-over-quarter


Q420 Q121 Q221 Q321 Q421 with some seasonal recovery in EU but continued declines in the U.S.
U.S. Europe Other Int'l

1 HCV includes Epclusa, the authorized generic version of Epclusa, Harvoni, the authorized generic version of Harvoni, Sovaldi and Vosevi.
11 Confidential – Internal Use Only
US Sources: IQVIA, Integrichain, New Patient Starts excludes PAP. EU Source: Country Q4 EU5 and December LE (non-EU5) submissions. Base is DAA Market.
HBV / HDV: Leveraging Commercial Footprint
Product Sales1 ($M)

$265
$244 $247 Sales grew 17% YoY; up 8% QoQ
$237
$220 • YoY growth driven by demand in all geographies
$115 • Sequential growth primarily driven by seasonal
$115 $114 inventory build and favorable pricing dynamics
$123
$116

$28
$16 $29
$24
$23

$113 $104
$122 Q421 sales of $12M, flat QoQ
$81 $90
• 2022 plans to secure reimbursement for commercial
launches in several major European countries
Q420 Q121 Q221 Q321 Q421
U.S. Europe Other Int'l

1HBV includes Hepsera, Vemlidy and Viread. HDV Hepcludex sales of $6M reflect amount in Gilead books in Q1 after MYR acquisition closed.
12 Note: Hepcludex (bulevirtide) is conditionally authorized by the European Commission for treatment ofConfidential
chronic HDV.– Internal Use
Its safety Only
and efficacy have not been established in the United States or in other regions where it has not received
regulatory approval.
Trodelvy: Strong Momentum Heading into 2022
Product Sales1 ($M)

$118

$9
$101 Approved for 2L mTNBC in the U.S., EU, Great
$1 Britain, Switzerland, Australia, and Canada
$89

$72

$49
$100
$109 $118M 17% 84%2
Sales in Q421 QoQ Growth YoY Growth

COVID-19 INSIGHT: Oncology patient visits in the U.S. for testing and
Q420 Q121 Q221 Q321 Q421 diagnosis remain behind pre-COVID levels.
U.S. Europe

1 The acquisition of Immunomedics closed in Q420, and Gilead recognized $49M of the full $64M Trodelvy sales in Q420. The remaining $15M of sales were previously recognized by Immunomedics prior to the acquisition.
13 Confidential – Internal Use Only
2 YoY Growth reflects the full Q420 revenues of $64M compared to Q421 revenues of $118M.
Cell Therapy: Strong Q4 Momentum with 47% YoY Growth
Product Sales ($M)

$239
$222
$219

$191
$57 Sales grew 41% YoY; Up 4% QoQ
$41 $47

$163 $31 • Q4 YoY growth driven by continued demand in LBCL and


expansion into FL
$34
• sBLA decision for 2L LBCL expected in April 2022

$178 $175 $182


$160
$129

Sales grew 68% YoY; Up 21% QoQ


• Continued uptake in MCL1 in the U.S and geographic
Q420 Q121 Q221 Q321 Q421 expansion in ACE
• Strong early launch momentum in adult ALL in the U.S.
Yescarta Tecartus

Note: ACE – Australia, Canada, and Europe. ALL - acute lymphocytic leukemia. FL – follicular lymphoma. LBCL – large B-cell lymphoma. MCL – mantle cell lymphoma. sBLA – supplemental biologics license application.
14 Confidential – Internal Use Only
1 Tecartus for the treatment of relapsed / refractory MCL has been granted accelerated approval by the FDA and conditional approval by the EMA.
CMO
Updates

Confidential – Confidential
Internal Use Only
– Internal Use Only
Expanding Indications for COVID-19 Treatment

Advancing Oral Program

Adults and adolescents requiring hospitalization (U.S.) or • GS-5245, a novel antiviral oral
supplemental oxygen (EU) COVID nucleoside

• FPI in Phase 1 trial in January


Adults not on supplemental oxygen at increased risk of 2022
disease progression (EC Conditional Marketing
Authorization – Dec 2021)1 • Pending data, registrational trial
initiation expected in 2H22
Non-hospitalized patients at high risk for disease
progression (US sNDA approval – Jan 2022)2

Note: FPI – first patient in. 1 In December 2021, the European Commission (EC) approved a variation to the Conditional Marketing Authorization to include adults who do not require supplemental oxygen and are at an increased risk of
progressing to severe COVID-19. The EC’s decision is supported by results from a Phase 3 randomized, double-blind, placebo-controlled trial to evaluate the efficacy and safety of a three-day course of Veklury for intravenous (IV) use
16 Confidential – Internal Use Only
for the treatment of COVID-19 in non-hospitalized patients at high risk for disease progression. 2 In January 2022, the FDA granted accelerated approval of a supplemental new drug application (sNDA) for Veklury for the treatment of
non-hospitalized patients who are at high risk of progression to severe COVID-19, including hospitalization or death. Results from Phase 3 PINETREE study in non-hospitalized patients at high risk of disease progression.
Targeting HIV Lifecycle With Long-Acting Portfolio
GS-2872 + GS-5423 bNAb
1 Class: bNAb Class: bNAb
Phase: 1b Phase: Exploratory

Islatravir1 GS-5894 GS-1614 LA Tenofovir


2 Class: NRTI Class: NNRTI Class: NRTI Class: NRTI
Phase: 2 Phase: 1 Phase: Pre-IND Phase: Discovery
1 Virus Entry
Human
Immunodeficiency 3 Lenacapavir GS-4182 Multiple Capsid Programs
Virus Class: CAI Class: CAI Class: CAI
2 Reverse 5 Phase: 2-3, NDA Phase: Pre-IND Phase: Discovery
Transcription

LA Bictegravir GS-6212
Class: INSTI Class: INSTI
CYTOPLASM Phase: 1 Phase: Pre-IND
6 4
3 Nuclear Entry Maturation
GS-1720 INSTI
& Capsid Class: INSTI Class: INSTI
Disassembly Phase: Pre-IND Phase: Discovery

GS-1156
5 6 Class: PI
Phase: Discovery
Assembly &
1 Merck’s investigational islatravir. Note: bNAb - broadly neutralizing antibody. CAI - capsid assembly inhibitor. IND -
Budding investigational newOnly
drug. INSTI - integrase strand transfer inhibitor. LA - long-acting. NDA - new drug application; NRTI -
NUCLEUS 4 Integration Confidential – Internal Use
nucleoside reverse transcriptase inhibitor. NNRTI - non-nucleoside reverse transcriptase inhibitor. PI - protease inhibitor.
17
Long-Acting Pipeline Positioned To Be Best-in-Disease
Treatment Prevention
Dosing Every Foundation Partner Dosing Every Foundation

Lenacapavir NNRTI Lenacapavir2 PURPOSE 1 and 2


Phase 1
6 Months Phase 3

1 Week
Lenacapavir Islatravir1 Potential Approval in 2025
Phase 2

LA Bictegravir
1-3 Months Lenacapavir2 Phase 1 “With 6-month dosing, if
approved, lenacapavir would
Islatravir
3 Months Lenacapavir2 IND TBD have the potential to be a true
game changer.”
2 bNAbs
6 Months Lenacapavir2 Phase 1b POC
- Monica Gandhi, MD, MPH; Professor of Medicine, Division of HIV, Infectious Disease and
Global Medicine, UCSF; Director: UCSF Center for AIDS Research

Note: Lenacapavir is an investigational agent and is not approved by any regulatory authority for any use; its safety and efficacy are not established. Merck’s islatravir is an investigational agent and is not approved by any regulatory authority for any use;
its safety and efficacy are not established. 1 FDA has placed a partial clinical hold on the Phase 2 long-acting oral trial of Merck’s islatravir and lenacapavir. 2 FDA has placed a clinical hold on trials with injectable lenacapavir due to vial compatibility.

18
18 Presented strong lenacapavir 6-month efficacy data for HTE population; NDA submitted.
Confidential – Internal Use Only
Growing Momentum: Robust Trodelvy Portfolio


Existing Trials •
Phase 3 FPI completed in 2-3L NSCLC
Ongoing Phase 3 TROPiCS-04 in mUC
Planned Phase 3 Trial Initiations
on Track • Phase 2 Solid Tumor Basket on-track
1L mTNBC

• Accelerating Trodelvy programs Breast 1L mTNBC


7+ Planned across indications
Phase 3 • Combining with SOC in 1L mTNBC
and 1L NSCLC

Breast 1L NSCLC

• Phase 3 HR+/HER2- mBC


TROPiCS-02 • PFS and interim OS expected in Q122
Readout • Pending data, potential filing in 2H22 Bladder Bladder

Note: FPI – first patient in. HR+/HER2-mBC - hormone receptor positive, human epidermal growth factor receptor 2 negative metastatic breast cancer. mTNBC – metastatic triple-negative breast cancer. mUC – metastatic urothelial
19 Confidential – Internal Use Only
cancer. NSCLC – non-small cell lung cancer. OS – overall survival. PFS – progression free survival. SOC – standard of care.
Exploring Magrolimab’s Potential Across Indications

Hematology Trials Solid Tumor Trials

Indication Stage Update Magrolimab Indication Stage Update

No longer pursuing 1L Head and


1L HR MDS Ph 1b Ph 2 FPI completed in Q321
Accelerated Approval1 Neck

Solid tumor
1L HR MDS Ph 3 Partial clinical hold1 (mNSCLC, Ph 1b/2 FPI completed in Q421
mSCLC, mUC)

1L TP53mt AML Ph 3 Partial clinical hold1 1L mTNBC Ph 2 FPI completed in Q421

1L Unfit AML Ph 3 FPI targeted in 2H222 Colorectal Ph 2 Planned for 2022

Note: AML – acute myeloid leukemia. FPI – first patient in. HR MDS – higher risk myelodysplastic syndrome. mNSCLC – metastatic non-small cell lung cancer. mSCLC – metastatic small cell lung cancer. mTNBC – metastatic triple-negative
20 breast cancer. mUC – metastatic urothelial cancer. 1 FDA placed partial clinical holds on trials evaluating
Confidential
magrolimab
– Internal
in combination
Use Onlywith azacitidine as well as the fully enrolled DLBCL and multiple myeloma study. 2 Subject to shifts in
timeline pending resolution of FDA partial clinical holds.
Cell Therapy: Reinforcing Best-in-Class LBCL Data
ZUMA-1: 3L LBCL ZUMA-7: 2L Relapsed/Refractory LBCL ZUMA-12: 1L High-Risk LBCL

43% >4x 2.5x 89%


5-Year OS ORR
Median EFS 2-year EFS
• 92% of study patients • High rate of rapid and
alive at 5 years durable responses
needed no additional with 78% complete
cancer treatment response
after their one-time
• 73% of patients
infusion of Yescarta
remained in response
• Durable responses
• Median follow-up of
strongly associated
15.9 months
with peak CAR T-cell
expansion

Note: EFS – event free survival. LBCL - large B cell lymphoma. OS – overall survival. ORR – objective response rate.
21 Confidential – Internal Use Only
Source: ZUMA-1 Neelapu SS, et al. N Engl J Med. 2017;377:2531-2544. ZUMA-7 ASH Presentation by Locke et al., 2021. ZUMA-12 ASH Presentation by Neelapu et al., 2021
2022 Focus: Select Key Catalysts Across Portfolio
1H22 2H22
Program Trial Indication Update Status Program Trial Indication Update Status
Potential sBLA/MAA
TROPiCS-02 HR+/HER2- mBC Phase 3 topline readout TROPiCS-02 HR+/HER2- mBC
submission
Trodelvy
EVOKE-02 1L NSCLC Phase 2 FPI EVOKE-03 1L NSCLC Phase 3 FPI
Trodelvy
ASCENT-03 1L mTNBC PD-L1- Phase 3 FPI Magrolimab ENHANCE-3 1L Unfit AML Phase 3 FPI1

ASCENT-04 1L mTNBC PD-L1+ Phase 3 FPI Yescarta ZUMA-7 2L LBCL MAA decision

ZUMA-7 2L LBCL sBLA decision Tecartus ZUMA-3 aALL MAA decision


Yescarta
ZUMA-5 R/R FL MAA decision Hepcludex MYR301 HDV BLA decision

Lenacapavir CAPELLA HIV Tx in HTE NDA decision Domvanalimab ARC-7 1L NSCLC Phase 2 PFS data

Etrumadenant ARC-6 CRPC Interim Phase 2 data

Quemliclustat ARC-8 1L PDAC Phase 2 PFS data

Completed On Track

Note: aALL – adult acute lymphocytic leukemia. AML – acute myeloid leukemia. BLA – biologics license application. CRPC – castrate-resistant prostate cancer. FL – follicular lymphoma. FPI – first patient in. HDV – hepatitis D virus. HIV -
human immunodeficiency virus. HR+/HER2- mBC - hormone receptor positive, human epidermal growth factor receptor 2 negative metastatic breast cancer. HTE – heavily treatment-experienced. LBCL - large B cell lymphoma. MAA -
22 marketing authorization application. mTNBC – metastatic triple-negative breast cancer. NDA – new drug application.
Confidential NSCLC – Use
– Internal non-small
Only cell lung cancer. PDAC - pancreatic ductal adenocarcinoma. PFS – progression free survival. R/R –
relapsed/refractory. sBLA – supplemental biologics license application. Tx – treatment. 1 Subject to shifts in timeline pending resolution of FDA partial clinical holds.
Robust Pipeline with Upcoming Catalysts
PHASE 1 PHASE 2 PHASE 3, FILED, or APPROVED
Magrolimab anti-CD472,5
DLBCL
Sacituzumab govitecan-hziy
Basket study (incl. NSCLC)
Sacituzumab govitecan-hziy
1L mTNBC (PD-L1+)
Sacituzumab govitecan-hziy
HR+/HER2- mBC
Trodelvy®
2L mUC
55
Magrolimab anti-CD47 Magrolimab anti-CD47 Sacituzumab govitecan-hziy Sacituzumab govitecan-hziy Trodelvy®
Solid Tumors HNSCC 1L mTNBC (PD-L1-) 2-3L NSCLC 2L mTNBC Clinical stage
Etruma combinations (ARC-9) Magrolimab anti-CD475 Sacituzumab govitecan-hziy Magrolimab anti-CD475 Tecartus® (brexu-cel) programs1
Oncology

mCRC MM 1L NSCLC 1L HR MDS R/R Adult ALL

Etruma combinations (ARC-6)2 Magrolimab anti-CD47 Magrolimab anti-CD476 Magrolimab anti-CD475 Yescarta® (axi-cel)
mCRPC TNBC 1L Unfit AML 1L AML R/R FL

Dom + zim ± etruma (ARC-7)


NSCLC

Yescarta® (axi-cel)
Brexu-cel
Pediatric ALL
Durva ± dom (PACIFIC-8)
Stage 3 NSCLC
Dom + zim vs. zim vs. chemo
(ARC-10) 1L NSCLC
Yescarta® (axi-cel)
2L LBCL
11
1L LBCL
Potential clinical
Lenacapavir/islatravir oral Vesatolimod TLR-7 agonist Lenacapavir capsid inhibitor Hepcludex® (bulevirtide)3 Veklury® (remdesivir)
combination HIV LA VS HIV Cure HIV PrEP HDV COVID-19 Outpatient stage opt-in
Viral Disease

Lenacapavir capsid inhibitor Lefitolimod TLR-9 agonist Lenacapavir capsid inhibitor assets
HIV LA VS HIV Cure HIV LA HTE

bNAb combination Hepcludex® (bulevirtide)

7
HIV Cure HDV

Selgantolimod TLR-8
agonist HBV Cure

Selonsertib ASK1 inhibitor Cilofexor/ firsocostat/ semaglutide Cilofexor FXR agonist Filgotinib JAK-1 inhibitor Filgotinib JAK-1 inhibitor
Inflammatory

DKD combination NASH PSC Crohn’s Disease Ulcerative Colitis


U.S. and EU
Disease

approvals or AA
Galapagos
Gilead Program Kite Program Publicly Announced Planned Program Optionable Partner Program
in 20217
7 clinical stage programs4

Note: FDA placed clinical holds on all injectable lenacapavir programs due to vial quality concerns. FDA approved medicines shown: Trodelvy® for 2L mTNBC, Trodelvy® for 2L mUC (accelerated approval), Yescarta® for 3L LBCL, Yescarta® R/R FL (accelerated
approval), Tecartus® for R/R adult ALL and MCL (accelerated approval), Veklury® for COVID-19. 1. Program count does not include potential partner opt-in programs or publicly announced planned programs. 2. Phase 1b/2 trials. 3. Conditionally authorized by the
European Medicines Agency (EMA) for the treatment of chronic HDV infection in adults with compensated liver disease in July 2020. 4. Includes six Phase 1 clinical stage programs and one Phase 2 clinical stage program. 5. FDA placed partial clinical holds on trials
evaluating magrolimab in combination with azacitidine as well as the fully enrolled DLBCL and MM study. 6. Subject to shifts in timeline pending resolution of FDA partial clinical holds. 7. Approval count does not include MAA approval for filgotinib for ulcerative
colitis in Q4’21. AA – accelerated approval. ALL - acute lymphocytic leukemia. AML - acute myeloid leukemia. axi-cel - axicabtagene ciloleucel. bNAb - broadly neutralizing antibody. brexu-cel - brexucabtagene autoleucel. DKD – diabetic kidney disease. DLBCL -
diffuse large B cell lymphoma. dom - domvanalimab. durva - durvalumab. etruma - etrumadenant. EV – emerging viruses. FL - follicular lymphoma. HNSCC – head and neck squamous cell carcinoma. HR MDS – higher risk myelodysplastic syndrome. HR+/HER2-mBC -
23 hormone receptor positive, human epidermal growth factor receptor 2 negative metastatic breast cancer. HTE – heavily Confidential – Internal UseLAOnly
treatment-experienced. – long acting. LBCL - large B cell lymphoma. mCRC – metastatic colorectal cancer. mCRPC – metastatic castrate-
resistant prostate cancer. MM – multiple myeloma. mTNBC – metastatic triple-negative breast cancer. mUC - metastatic urothelial carcinoma. NASH – nonalcoholic steatohepatitis. NSCLC – non small cell lung cancer. PrEP - pre-exposure prophylaxis. PSC – primary
sclerosing cholangitis. quemli – quemliclustat. R/R - relapsed / refractory. TLR - toll-like receptor. VS – virologically suppressed. zim – zimberelimab.
Financial
Performance

Confidential – Confidential
Internal Use Only
– Internal Use Only
EPS Impacted by Legal Settlement and Arcus Opt-In
Q421 Non-GAAP1 EPS FY21 Non-GAAP1 EPS

2 2

1 Non-GAAP financial information generally excludes acquisition-related expenses including amortization of acquired intangible assets and inventory step-up charges in cost of goods sold, acquired IPR&D expenses, and other items that are

considered unusual or not representative of underlying trends of Gilead’s business, fair value adjustments of equity securities and discrete and related tax charges or benefits associated with changes in tax related laws and guidelines.
25 Please refer to the accompanying press release for GAAP to non-GAAP reconciliations. 2 Guidance midpoints represents
Confidential the midpoints
– Internal Use Onlyof our FY21 non-GAAP EPS guidance shared on October 28, 2021. Q4 midpoint is calculated using the FY
guidance less the three quarters reported year to date on October 28, 2021.
Strong Fourth Quarter Results
YoY Product Sales Down 2% YoY
Q420 Q421
Non-GAAP1; in millions, except percentages and per share amounts Change
• Driven by lower Veklury sales, partially
Product Sales $7,328 $7,160 -2% offset by growth in HIV
Veklury 1,938 1,357 -30%
• Excluding Veklury, sales were up 8% driven
Product Sales excluding Veklury $5,390 $5,803 8% by growth in Biktarvy and contributions
COGS 918 2,111 130% from Cell Therapy and Trodelvy
Product Gross Margin 88% 71%
Gross Margin Down 1,700 bps YoY
R&D 1,512 1,984 31%
• Impacted by a $1.25B legal settlement
Acquired IPR&D - -
charge
SG&A 1,499 1,642 10%
Operating Expenses Up 20% YoY
Non-GAAP Costs and Expenses $3,929 $5,737 46%
Non-GAAP Operating Income $3,492 $1,507 -57% • Primarily driven by Arcus opt-in net
expense of $625M, increased clinical
Operating Margin 47% 21%
activities for Trodelvy and magrolimab,
Effective Tax Rate 16% 32% and increased commercial investment
Non-GAAP Net Income $2,762 $866 -69%
• Partially offset by a prior year expense
Non-GAAP Diluted EPS $2.19 $0.69 -69%
related to an amended agreement with
Shares used in per share calculation-diluted 1,259 1,262 0% Galapagos
1 Non-GAAP financial information generally excludes acquisition-related expenses including amortization of acquired intangible assets and inventory step-up charges in cost of goods sold, acquired IPR&D expenses, and other items that are

26 considered unusual or not representative of underlying trends of Gilead’s business, fair value adjustments of equity– securities
Confidential andOnly
Internal Use discrete and related tax charges or benefits associated with changes in tax related laws and guidelines.
Please refer to the accompanying press release for GAAP to non-GAAP reconciliations.
Solid Financial Execution in FY21
YoY
FY20 FY21
Non-GAAP1; in millions, except percentages and per share amounts Change Product Sales: Up 11% YoY
Product Sales $24,355 $27,008 11% • Driven by increased sales of Veklury
Veklury 2,811 5,565 98%
• Excluding Veklury, product sales were
Product Sales excluding Veklury $21,544 $21,443 0%
generally flat primarily due to LOEs in the
COGS 3,294 4,538 38% U.S., offset by growth in Biktarvy and
Product Gross Margin 87% 83% contributions from Cell Therapy and
Trodelvy
R&D 4,857 5,226 8%
Acquired IPR&D - 19 NM
SG&A 4,834 4,974 3% Operating Expenses: Up 5% YoY
Non-GAAP Costs and Expenses $12,985 $14,757 14% • Primarily driven by the Arcus opt-in net
Non-GAAP Operating Income $11,704 $12,548 7%
expense of $625M, timing of clinical
activities for Trodelvy and magrolimab and
Operating Margin 47% 46% increased commercial investment
Effective Tax Rate 19% 20%
Non-GAAP Net Income $8,958 $9,190 3%
• Partially offset by lower Veklury and prior
year expense related to an amended
Non-GAAP Diluted EPS $7.09 $7.28 3% agreement with Galapagos
Shares used in per share calculation-diluted 1,263 1,262 0%
1 Non-GAAP financial information generally excludes acquisition-related expenses including amortization of acquired intangible assets and inventory step-up charges in cost of goods sold, acquired IPR&D expenses, and other items that are

27 Confidential
considered unusual or not representative of underlying trends of Gilead’s business, fair value adjustments of equity– securities
Internal Use
andOnly
discrete and related tax charges or benefits associated with changes in tax related laws and guidelines.
Please refer to the accompanying press release for GAAP to non-GAAP reconciliations. NM - Not Meaningful.
2022 Guidance
Feb 1, 2022 Revenue Guidance
• Total Product Sales, excluding Veklury
Total Product Sales $23.8B - $24.3B
expected to grow 2-4% YoY
Product Sales ex-Veklury $21.8B - $22.3B
• Veklury sales weighted to Q122
Veklury Sales ~$2B
• HIV Q122 sales expected to decline more
Non-GAAP
significantly than prior years as a result of
Product Gross Margin 85% - 86% favorable gross-to-net adjustments in Q421

R&D Expense Mid-single digit % decline Product Gross Margin


SG&A Expense Flat • Reflects impact of new royalty associated
with legal settlement
Operating Income $10.7B - $11.5B
Effective Tax Rate ~20% Operating Expenses
Diluted EPS $6.20 - $6.70 • Reflects continued pipeline investment and
increased commercial activity
GAAP Diluted EPS $4.70 - $5.20

This financial guidance reflects the impact of recent corporate development transactions as well as funding for ordinary course partnering activities in 2021 but excludes the effects of any potential future extraordinary acquisitions,
collaborations and investments, the exercise of significant opt-ins or options related to collaboration programs where Gilead has such rights with its collaboration partners, and any other transactions or items that have not yet been
28 identified or quantified. Total interest expense and amortization from all issued debt is expected to beConfidential – Internal
approximately Use Only
$900 million for full year 2022. This guidance is subject to a number of risks and uncertainties. See Forward-Looking
Statements on page 2. Please refer to the accompanying press release and for GAAP to non-GAAP reconciliations.
29 Confidential – Internal Use Only
Appendix

Confidential – Internal Use Only


GAAP to Non-GAAP Reconciliation of Outstanding
Adjusted Debt and Adjusted EBITDA
in billions where applicable Dec 31, 2020 Mar 31, 2021 Jun 30, 2021 Sep 30, 2021 Dec 31, 2021
Total Debt, net $31.40 $30.17 $30.18 $27.69 $26.70
Debt Discounts, Premiums and Issuance Costs 0.20 0.20 0.19 0.19 0.18
Liability related to sale of future royalties1 (1.11) (1.11) (1.12) (1.12) (1.12)
Total Adjusted Debt1 $30.50 $29.25 $29.25 $26.75 $25.75

Last Twelve Months Ended

Dec 31, 2020 Mar 31, 2021 Jun 30, 2021 Sep 30, 2021 Dec 31, 2021
Net Income attributable to Gilead $0.12 $0.30 $5.16 $7.39 $6.23
Add: Interest Expense2 & Other Income (expense), net 2.40 2.63 3.07 2.30 1.64
Add: Tax 1.58 1.66 1.58 1.96 2.08
Add: Depreciation 0.29 0.30 0.31 0.32 0.32
Add: Amortization3 1.28 1.52 1.80 2.03 2.12
Add: Acquired in-process research and development expenses4 5.86 5.82 1.39 0.24 0.18

Add: Litigation matter5 0.00 0.00 0.00 0.00 1.25


Adjusted EBITDA6 $11.52 $12.22 $13.32 14.24 $13.81

Adjusted Debt to Adjusted EBITDA ratio6, 7 ~2.65x ~2.39x ~2.20x ~1.88x ~1.86x
1. Represents a funding agreement with RPI Finance Trust that was assumed as part of our acquisition of Immunomedics under which Immunomedics received cash in exchange for perpetual, tiered royalty payments on worldwide sales of Trodelvy. This funding
agreement is classified as debt. 2. Total interest expense and amortization from all issued debt is expected to be approximately $900 million for full year 2022. 3. Beginning in Q4 2020, includes acquisition-related amortization of inventory step-up charges. 4.
Beginning in Q3 2020, adjusted EBITDA excludes all acquired IPR&D expenses which comprise a separate line item on our Condensed Consolidated Statements of Operations. Prior to the change, adjusted EBITDA excluded some, but not all charges aggregated within
31 acquired IPR&D expenses. Prior periods have been recast to reflect the change. Acquired IPR&D expenses reflect IPR&D Confidential
impairments– as
Internal
well as Use Only costs of externally developed IPR&D projects, acquired directly in a transaction other than a business
the initial
combination, that do not have an alternative future use, including upfront payments related to various collaborations and the initial costs of rights to IPR&D projects. 5. Represents a charge related to a legal settlement. 6. Represents the last twelve months of
adjusted EBITDA. 7. Adjusted EBITDA and adjusted debt to adjusted EBITDA ratio are non-GAAP performance measures used by our investors and analysts to assess the overall operating performance in the context of financial leverage.
Robust Pipeline with Upcoming Catalysts
PHASE 1 PHASE 2 PHASE 3, FILED, or APPROVED
Magrolimab anti-CD472,5
DLBCL
Sacituzumab govitecan-hziy
Basket study (incl. NSCLC)
Sacituzumab govitecan-hziy
1L mTNBC (PD-L1+)
Sacituzumab govitecan-hziy
HR+/HER2- mBC
Trodelvy®
2L mUC
55
Magrolimab anti-CD47 Magrolimab anti-CD47 Sacituzumab govitecan-hziy Sacituzumab govitecan-hziy Trodelvy®
Solid Tumors HNSCC 1L mTNBC (PD-L1-) 2-3L NSCLC 2L mTNBC Clinical stage
Etruma combinations (ARC-9) Magrolimab anti-CD475 Sacituzumab govitecan-hziy Magrolimab anti-CD475 Tecartus® (brexu-cel) programs1
Oncology

mCRC MM 1L NSCLC 1L HR MDS R/R Adult ALL

Etruma combinations (ARC-6)2 Magrolimab anti-CD47 Magrolimab anti-CD476 Magrolimab anti-CD475 Yescarta® (axi-cel)
mCRPC TNBC 1L Unfit AML 1L AML R/R FL

Dom + zim ± etruma (ARC-7)


NSCLC

Yescarta® (axi-cel)
Brexu-cel
Pediatric ALL
Durva ± dom (PACIFIC-8)
Stage 3 NSCLC
Dom + zim vs. zim vs. chemo
(ARC-10) 1L NSCLC
Yescarta® (axi-cel)
2L LBCL
11
1L LBCL
Potential clinical
Lenacapavir/islatravir oral Vesatolimod TLR-7 agonist Lenacapavir capsid inhibitor Hepcludex® (bulevirtide)3 Veklury® (remdesivir)
combination HIV LA VS HIV Cure HIV PrEP HDV COVID-19 Outpatient stage opt-in
Viral Disease

Lenacapavir capsid inhibitor Lefitolimod TLR-9 agonist Lenacapavir capsid inhibitor assets
HIV LA VS HIV Cure HIV LA HTE

bNAb combination Hepcludex® (bulevirtide)

7
HIV Cure HDV

Selgantolimod TLR-8
agonist HBV Cure

Selonsertib ASK1 inhibitor Cilofexor/ firsocostat/ semaglutide Cilofexor FXR agonist Filgotinib JAK-1 inhibitor Filgotinib JAK-1 inhibitor
Inflammatory

DKD combination NASH PSC Crohn’s Disease Ulcerative Colitis


U.S. and EU
Disease

approvals or AA
Galapagos
Gilead Program Kite Program Publicly Announced Planned Program Optionable Partner Program
in 20217
7 clinical stage programs4

Note: FDA placed clinical holds on all injectable lenacapavir programs due to vial quality concerns. FDA approved medicines shown: Trodelvy® for 2L mTNBC, Trodelvy® for 2L mUC (accelerated approval), Yescarta® for 3L LBCL, Yescarta® R/R FL (accelerated
approval), Tecartus® for R/R adult ALL and MCL (accelerated approval), Veklury® for COVID-19. 1. Program count does not include potential partner opt-in programs or publicly announced planned programs. 2. Phase 1b/2 trials. 3. Conditionally authorized by the
European Medicines Agency (EMA) for the treatment of chronic HDV infection in adults with compensated liver disease in July 2020. 4. Includes six Phase 1 clinical stage programs and one Phase 2 clinical stage program. 5. FDA placed partial clinical holds on trials
evaluating magrolimab in combination with azacitidine as well as the fully enrolled DLBCL and MM study. 6. Subject to shifts in timeline pending resolution of FDA partial clinical holds. 7. Approval count does not include MAA approval for filgotinib for ulcerative
colitis in Q4’21. AA – accelerated approval. ALL - acute lymphocytic leukemia. AML - acute myeloid leukemia. axi-cel - axicabtagene ciloleucel. bNAb - broadly neutralizing antibody. brexu-cel - brexucabtagene autoleucel. DKD – diabetic kidney disease. DLBCL -
diffuse large B cell lymphoma. dom - domvanalimab. durva - durvalumab. etruma - etrumadenant. EV – emerging viruses. FL - follicular lymphoma. HNSCC – head and neck squamous cell carcinoma. HR MDS – higher risk myelodysplastic syndrome. HR+/HER2-mBC -
32 hormone receptor positive, human epidermal growth factor receptor 2 negative metastatic breast cancer. HTE – heavily Confidential – Internal UseLAOnly
treatment-experienced. – long acting. LBCL - large B cell lymphoma. mCRC – metastatic colorectal cancer. mCRPC – metastatic castrate-
resistant prostate cancer. MM – multiple myeloma. mTNBC – metastatic triple-negative breast cancer. mUC - metastatic urothelial carcinoma. NASH – nonalcoholic steatohepatitis. NSCLC – non small cell lung cancer. PrEP - pre-exposure prophylaxis. PSC – primary
sclerosing cholangitis. quemli – quemliclustat. R/R - relapsed / refractory. TLR - toll-like receptor. VS – virologically suppressed. zim – zimberelimab.
Oncology Pipeline
New listing since Q3’21 Change since Q3’21
Breakthrough Therapy Designation P PRIME Designation
Planned program

Phase 1 Phase 2 Phase 3 Filed Updates since Q3’21


Trodelvy® (sacituzumab govitecan-hziy) 2L mTNBC sBLA Approved; MAA Approved MAA approved
Trodelvy® (sacituzumab govitecan-hziy) 2L mUC sBLA Approved
Sacituzumab govitecan-hziy (GS-0132) HR+/HER2- mBC
Sacituzumab govitecan-hziy (GS-0132) 2-3L NSCLC New
Sacituzumab govitecan-hziy (GS-0132)1,2 1L mTNBC (PD-L1+)
Sacituzumab govitecan-hziy (GS-0132)1,2 1L mTNBC (PD-L1-)
Sacituzumab govitecan-hziy (GS-0132)1,2 1L NSCLC
Magrolimab anti-CD47 (GS-4721)3,4,5 1L HR MDS P
Magrolimab anti-CD47 (GS-4721)4,5 1L AML
Magrolimab anti-CD47 (GS-4721)1,6 1L Unfit AML
Dom + zim vs. zim vs. chemo (ARC-10)7 1L NSCLC
Gilead Oncology

Durva ± dom (PACIFIC-8)1,8 Stage 3 NSCLC


Sacituzumab govitecan-hziy (GS-0132) Basket (incl. NSCLC)
Magrolimab anti-CD47 (GS-4721) HNSCC
Magrolimab anti-CD47 (GS-4721) Solid Tumors
Magrolimab anti-CD47 (GS-4721)5 MM New
Magrolimab anti-CD47 (GS-4721) TNBC New
Dom + zim ± etruma (ARC-7)7 NSCLC New
Etruma combinations (ARC-9)7 mCRC New
Magrolimab anti-CD47 (GS-4721)5 DLBCL Phase 1b/2
Etruma combinations (ARC-6)7 mCRPC Phase 1b/2 New
AB308 + zim (ARC-12)7 Advanced Cancers Phase 1/1b New
Flt3R agonist (GS-3583) Advanced Cancers Phase 1a
Anti-c-KIT (GS-0174) TCR Phase 1a
Anti-SIRPα (GS-0189) Advanced Cancers Phase 1a
MCL1 inhibitor (GS-9716) Advanced Cancers Phase 1a
CCR8 (GS-1811) Advanced Cancers Phase 1a
Quemli + zim + gem/nab-pac (ARC-8)7 mPDAC New
Pionyr Solid Tumors 2 clinical stage programs
Opt-

Agenus Solid Tumors 1 clinical stage program


ins

Tizona Advanced Cancers 1 clinical stage program


1 Publicly announced planned program (non-exhaustive). 2 In collaboration with Merck. 3 Breakthrough and PRIME designation and Promising Innovative Medicine from MHRA. 4 Additional MDS and AML cohorts within other ongoing Phase 1b study. 5 Program timeline
pending resolution of FDA partial clinical hold on studies evaluating magrolimab in combination with azacitidine as well as the fully enrolled DLBCL and MM study. 6 Subject to shifts in timeline pending resolution of FDA partial clinical holds. 7 In collaboration with
Arcus Biosciences. 8 In collaboration with Arcus Biosciences and AstraZeneca. AML - acute myeloid leukemia. DLBCL - diffuse large B cell lymphoma. dom - domvanalimab. etruma - etrumadenant. durva - durvalumab. gem/nab-pac - gemcitabine/nab-paclitaxel.
33 HNSCC – head and neck squamous cell carcinoma. HR+/HER2-mBC - hormone receptor positive, human epidermal growth Confidential – Internal
factor receptor Use Only
2 negative metastatic breast cancer. HR MDS – higher risk myelodysplastic syndrome. mCRC – metastatic colorectal cancer. mCRPC
– metastatic castrate-resistant prostate cancer. MM – multiple myeloma. mPDAC - metastatic pancreatic ductal adenocarcinoma. mTNBC – metastatic triple-negative breast cancer. mUC - metastatic urothelial carcinoma. NSCLC – non small cell lung cancer. quemli –
quemliclustat. TCR - transplant conditioning regimen. zim – zimberelimab.
Oncology Cell Therapy Pipeline
Phase 1 Phase 2 Phase 3 Filed Updates since Q3’21
Yescarta® (axi-cel) R/R FL sBLA Approved; Type II Filed

Tecartus® (brexu-cel) R/R Adult ALL sBLA Approved; Type II Filed


Cell Therapy

Yescarta® (axi-cel) 2L LBCL sBLA Filed, Type II Filed EMA Type II variation filed

Yescarta® (axi-cel) 1L LBCL

Brexu-cel Pediatric ALL Pivotal

KITE-222 (CLL-1) R/R AML New

KITE-363 (CD19/20 bicistronic) 3L+ LBCL New

New listing since Q3’21 Change since Q3’21


Breakthrough Therapy Designation P PRIME Designation

34 Confidential – Internal Use Only


ALL - acute lymphocytic leukemia. AML - acute myeloid leukemia. axi-cel - axicabtagene ciloleucel. brexu-cel - brexucabtagene autoleucel. FL - follicular lymphoma. LBCL - large B cell lymphoma. R/R - relapsed / refractory.
Viral Diseases Pipeline
Phase 1 Phase 2 Phase 3 Filed Updates since Q3’21
Veklury® (remdesivir) COVID-19 Outpatient sNDA Approved FDA approval granted 21Jan22
EV

Oral CoV prodrug (GS-5245) COVID-19 New

Lenacapavir capsid inhibitor (GS-6207)1 HIV LA HTE NDA and MAA Filed

Lenacapavir capsid inhibitor (GS-6207)1 HIV PrEP

Lenacapavir capsid inhibitor (GS-6207)1,2 HIV LA VS

Lenacapavir/islatravir oral combination3 HIV LA VS

bNAb combination (GS-5423, GS-2872)4 HIV Cure


HIV

Lefitolimod TLR-9 agonist (GS-1703)4 HIV Cure

Vesatolimod TLR-7 agonist (GS-9620)4 HIV Cure

Elipovimab bNAb (GS-9722) HIV Cure

Therapeutic vaccines5 HIV Cure New

Long acting bictegravir (GS-9883) HIV LA

Hepcludex® (bulevirtide)6 HDV P BLA Filed BLA filed


HBV & HDV

Hepcludex® (bulevirtide) HDV

Selgantolimod TLR-8 agonist (GS-9688) HBV Cure

New listing since Q3’21 Change since Q3’21


Breakthrough Therapy Designation P PRIME Designation
1Program timeline pending resolution of FDA clinical hold on the use of injectable lenacapavir in borosilicate vials in all ongoing clinical studies for HIV treatment and HIV pre-exposure prophylaxis (PrEP). 2 Phase 2 study being
conducted in treatment naïve patients to support virologically suppressed indication. 3 Subject to Gilead and Merck co-development and co-commercialization agreement. Phase 2 trial enrollment temporarily paused to allow the
companies to consider potential protocol adjustments. 4 Non-Gilead sponsored trial(s) ongoing. 5 Clinical collaboration with Gritstone. 6 Conditionally authorized by the European Medicines Agency (EMA) for the treatment of chronic
35 Confidential
HDV infection in adults with compensated liver disease in July 2020. bNAb - broadly neutralizing antibody. – Internal
EV – emerging Use Only
viruses. HTE – heavily treatment-experienced. LA – long acting. PrEP - pre-exposure prophylaxis. TLR - toll-like
receptor. VS – virologically suppressed.
Inflammatory Diseases Pipeline
Phase 1 Phase 2 Phase 3 Filed Updates since Q3’21
Filgotinib JAK-1 inhibitor (GS-6034)1 Ulcerative Colitis MAA Approved MAA approved
Inflammatory Disease

Filgotinib JAK-1 inhibitor (GS-6034)1 Crohn’s Disease

TPL2 inhibitor (GS-5290) Inflammatory Bowel Disease

IRAK4 inhibitor (GS-5718) Inflammatory Bowel Disease

IRAK4 inhibitor (GS-5718) Rheumatoid Arthritis

IRAK4 inhibitor (GS-5718)2 Lupus

α4β7 inhibitor (GS-1427) Inflammatory Bowel Disease

Cilofexor FXR agonist (GS-9674) PSC


Fibrotic
Disease

Cilofexor/firsocostat/semaglutide combination3 NASH

Selonsertib ASK1 inhibitor (GS-4997) DKD


Opt-

Galapagos Inflammatory and Fibrotic Diseases 7 clinical stage programs


ins

New listing since Q3’21 Change since Q3’21


Breakthrough Therapy Designation P PRIME Designation

36 Confidential
1 In collaboration with Galapagos. 2 Screening/enrollment paused pending evaluation of preliminary preclinical – Internal
findings. Use Only
3 Clinical collaboration with Novo Nordisk.DKD – diabetic kidney disease. NASH – nonalcoholic steatohepatitis. PSC
– primary sclerosing cholangitis.

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