CEO MESSAGE Driven. For Life.AnnouncementDear valued investors and shareholders, This is John Rim from Samsung Biologics. To begin, I would like to extend my heartfelt appreciation for your continued interest and steadfast support of our business.Key Highlights2024 Financial Performance• Posted KRW 4.5T in consolidated revenue (YoY +23%) -Consolidated: Rev. 4,547B, OP. 1,320B (OPM: 29.0%) - Biologics: Rev. 3,497B, OP. 1,321B (OPM: 37.8%) - Bioepis: Rev. 1,538B, OP. 435B (OPM: 28.3%)• Consolidated revenue to grow +20-25% in 2025CDMOSecured 17 of the global top 20 big pharma clients *14 clients in 2023• Exceeded KRW 5T in contract volume *Signed 3 major contracts worth KRW 1T+• Launched 4 new CDO platforms *S-TensifyTM, S-AfuCHOTM, S-OptiChargeTM, S-HiconTM• Surpassed 300 regulatory manufacturing approvals *340 approvals in totalBusiness Expansion• Completion of ADC facility construction• P5 at Biocampus II to be operational in Apr. '25• Investment in PFS Mother-line (CGMP ready by Oct. 27) *Foundational set-up for future global expansion• Continued investments via Life Science Fund *Flagship Pioneening, BrickBio, Latus Bio, Generate BiomedicinesBiosimilar• SB17 (bStelara): EU launch & US FDA approval * Launched in EU, including Germany, Spain, France and the Netherlands• SB15 (bEylea):EC & US FDA approval• SB12 (bSoliris) :US FDA approval• SB16 (bProlia):Positive CHMP opinion *EMA's Committee for Medicinal Products for Human UseToday, Samsung Biologics announced our financial results for the fourth quarter and full year of 2024.Fiscal year 2024 was marked by a global economic slowdown and heightened geopolitical tensions. Despite these challenging environments, Samsung Biologics achieved robust performance through customer-centric services and operational excellence.Most notably, we achieved a transformative milestone by becoming the first company within the Korean biopharmaceutical industry to surpass KRW 4.5 trillion in annual revenue. This unprecedented financial performance, setting a new company record with an impressive 23% year-over-year growth, underscores our cutting-edge expertise, distinctive competencies, and the unwavering confidence our clients place in us, thereby reaffirming our market leadership and global competitiveness.As we embark on 2025, we are proud to announce that we have achieved a record-breaking order worth KRW 2 trillion on January 14th, the highest contract volume in our company's history. This remarkable accomplishment not only reinforces our market leadership but also fuels our continued growth momentum, and we remain dedicated to excellence in customer satisfaction by supporting the reliable supply of critical medicines to patients around the world without any delay.Looking ahead to 2025, we foresee an even more robust financial trajectory, propelled by the successful ramp-up of our Plant 4 coupled with the continued full utilization of Plants 1 through 3. Building on this momentum, we have established an annual revenue growth target of 20~25%, positioning us to surpass KRW 5 trillion mark in consolidated revenue within just 14 years of our founding. We take pride in sharing this positive outlook with our esteemed investors, reaffirming our unwavering commitment to driving sustainable growth, broadening our global presence, and optimizing shareholder value.Sustained and Stable Growth of CDMO Business Record-Breaking Contract Wins, Driven by Exceptional Capabilities and Client TrustWe reached an unprecedented milestone in 2024, surpassing KRW 5 trillion in annual contract wins, collaborating with a number of global pharmaceutical giants across the US, Asia, and Europe. This extraordinary achievement was highlighted by a succession of groundbreaking contracts that underscore our prominence in the global pharmaceutical landscape: a KRW 1.45 trillion agreement with a US-based pharmaceutical company in July, followed by a KRW 1.7 trillion contract with an Asian pharmaceutical company in October. Als