With that said, I would like to thank all of our current and former shareholders for their support, and I
cannot thank enough our thousands of employees both past and present around the world, and all of our current and former directors of the board who have served the Company from when I first joined Mylan until today. It is their tireless efforts and
steadfast commitment, as well as the sacrifices and support of their families, that truly put Viatris in the powerful position we find ourselves in today. They should be recognized and applauded, and we should all be so very proud.
Forward-Looking Statements
These remarks contain
forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include, without limitation, statements that today
Viatris stands tall, solid, and squarely on the path to continuing to make a real difference in healthcare for many years to come; having line of sight to reaching our leverage target of 3x debt to adjusted EBITDA, all while maintaining our
investment grade credit rating; in Phase 2, beginning in 2024, we will focus our work over the next decade and beyond on building on our current strengths, investing up the value chain, and adding innovation across the full healthcare spectrum in a
way we believe no other company in our sector has before; we expect our current global platform to continue to produce powerful, substantial, and strong free cash flows and that this will enable us to deliver on our future capital allocation
priority of returning approximately 50% of our free cash flow generation to shareholders, while we use the remainder to make significant additional investments in our current pipeline, expand our branded and innovative portfolio through executing
strategic licensing and partnership deals, and being opportunistic about business development as well as mergers and acquisitions; as he departs the board of directors and moves into his new role as Chairman Emeritus and Strategic Advisor,
Mr. Coury has never been more proud or more confident in the strength and position of our Company; that the clear and orderly transition of our leadership will continue to enhance the companys progress and growth going forward; with
Melinas election and Scott A. Smith fully at the helm as our new CEO and continuing to solidify his new organizational structure in the focus areas previously mentioned, Mr. Coury has never been more excited about, or more confident in,
the future prospects of our Company, our colleagues and all of our stakeholders, including our shareholders; the goals or outlooks with respect to Viatris Inc.s (Viatris or the Company) strategic initiatives, including
but not limited to the Companys two-phased strategic vision and potential and announced divestitures and acquisitions; the benefits and synergies of acquisitions, divestitures or our global restructuring
program; future opportunities for the Company and its products; and any other statements regarding the Companys future operations, financial or operating results, capital allocation, dividend policy and payments, stock repurchases, debt ratio
and covenants, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competitions, commitments, confidence in future results, efforts to create, enhance or otherwise unlock the value
of our unique global platform, and other expectations and targets for future periods. Forward-looking statements may often be identified by the use of words such as will, may, could, should,
would, project, believe, anticipate, expect, plan, estimate, forecast, potential, pipeline, intend,
continue, target, seek and variations of these words or comparable words. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those
expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the possibility that the Company may be unable to realize the intended benefits of, or achieve the
intended goals or outlooks with respect to, its strategic initiatives (including but not limited to announced divestitures); the possibility that the Company may be unable to achieve intended or expected benefits, goals, outlooks, synergies and
operating efficiencies in connection with acquisitions, divestitures, or its global restructuring program within the expected timeframe or at all; with respect to previously announced divestitures, such divestitures not being completed on the
expected timelines or