Johnson & Johnson Investor Presentation — July 2021

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2Q 2021 Investor Update 2Introduction

Vice President, Investor Relations

Safe Harbor Statement

INTRODUCTIONThispresentation includes forward -looking statements within themeaning ofthePrivate Securities Litigation Reform Actof1995 .Any statements, other than statements ofhistorical fact, including, without limitation, our

financial guidance and related projections and statements regarding ourability tomeet such projections intheanticipated timeframe, ifatall;statements regarding continued procurement ofAV7909 under ourexisting

contract with BARDA ;thefulldelivery in2021 ofvaccines procured under theJuly 2021 ACAM 2000 ®option exercise ;thepotential award ofanew procurement contract forraxibacumab ;thestrength ofthenaloxone

market and thetiming and number ofnaloxone competitor entrants expected byyear end;thetiming oftheanticipated appellate decision onrelated pending patent litigation ;progress across thevaccines,

therapeutics, and devices portfolios and anticipated timing and number ofregulatory submissions ;thestrength ofourCDMO business unit and demand forbiologics services ;capacity expansion inourCDMO business

portfolio ;timing ofCDMO revenues, ourCDMO backlog and opportunity funnel ;thestability oftheU.S.government’s priority forprocuring solutions topublic health threats ;thedurability ofourbusiness and growth

potential ;remaining ontrack with respect toour2024 strategy ;capital expenditures and total contract value ;and any other statements containing thewords “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,”

“targets,” “forecasts,” “estimates” and similar expressions inconjunction with, among other things, discussions oftheCompany’s outlook, financial performance orfinancial condition, financial and operation goals,

product sales, government development orprocurement contracts orawards, government appropriations, manufacturing capabilities, and thetiming ofcertain clinical trials and regulatory approvals areforward -looking