Innovation in Thermo Fisher Scientific a Core Value

Innovation in Thermo Fisher Scientific, a Core Value of the Company Mitchell Kennedy Vice President & General Manager Molecular Biology Business Unit May 8 th, 2014 The world leader in serving science 1

Outline of Presentation • About Thermo Fisher Scientific • Innovation in Product Development • Applying Innovation across the Company • Community Involvement and Innovation • Summary 2

The World Leader in Serving Science Global Scale • 50, 000 employees in 50 countries • $17 billion in annual revenues • Unparalleled commercial reach • 10, 000 employees working with customers every day Unmatched Depth • Innovative technologies • Applications expertise • Lab productivity partner 3 Premier Brands

Our Scale and Depth of Capabilities Portfolio** Lab Products & Services 37% Specialty Diagnostics 19% Products Life Sciences Solutions 26% Analytical Instruments 18% Geographies ROW 4% Services 13% Asia-Pacific 18% Instruments & Equipment 26% Consumables 61% Europe 27% Pro forma revenues: $16. 8 B* 4 * Estimates based on unaudited FY 2013 revenues of both companies **Percentages calculated are based on estimates for intercompany eliminations and other accounting policy adjustments North America 51%

Vilnius Biosciences Center of Excellence • Part of Thermo Fisher since 2010 • Molecular and Protein Biology products for life science research and diagnostics • 430 employees • 80% with university degree, 10% Ph. D. • R&D Center: 90 dedicated researchers • All products are manufactured in Class D clean-room facilities • ISO 9001, ISO 14001, ISO 13485 5

Focused on What’s Most Important 6

A Mission We’re Proud Of We enable our customers to make the world healthier, cleaner and safer 7

Together We are Fulfilling Our Mission Screening for E. Coli Ensuring our drinking water is clean Keeping the public safe from radioactivity 8 Helping to reduce air pollution Improving breast cancer diagnostics Identifying peanut allergies Stopping counterfeit drugs Advancing justice through forensic science

Accelerating Customer Results Solving Analytical Challenges • Scientific instruments and equipment • LIMS and laboratory software • Process monitoring and industrial instruments • Environmental monitoring and safety 9 Improving Patient Diagnostics • Transplant diagnostics • Clinical assays • Immunodiagnostics • Microbiology • Anatomical pathology 00 Increasing Lab Productivity • Laboratory equipment • Laboratory plasticware glassware and supplies

Leading Life Sciences Technologies 10 Accelerating Scientific Discovery Advancing Personalized Medicine Applying Biology Beyond Research • • • Molecular diagnostics • Genomic medicine • Regenerative medicine • • • Molecular biology Cell biology Protein analysis Genetic analysis Human identification Synthetic biology Food safety Animal health Bioproduction

The World’s First Miniature NMR Spectrometer Portable, Affordable and Easy to Use • Accessible to chemistry students and technicians with limited NMR experience • Mobility – shareable across multiple laboratories • Low cost (at least 10 X less expensive than high-field NMR) • Shoe-box size and 10 lbs/5 Kgs Thermo Scientific pico. Spin 45 11

Q Exactive Advancing Life Science Research Bacteria population Data Prep Protein ID LC-MS/MS the new methodology with the “ …using Q Exactive, we are already seeing that within an hour or so, instead of several days, we can start getting a full spectrum. This will have a major impact on disease… ” Professor Haroun N. Shah UK Health Protection Agency 12 Microorganism ID

Unrivaled Industry Leadership Committed to Innovation Committed to Industry Leadership Ion Proton sequencer Genomics market Orbitrap Fusion Tribrid Mass Spectrometer Proteomics market NX 70 Cryostar (cryotomy applications) Cancer Diagnostics Sure. Tect PCR Food Testing R&D spend equals ~6. 5% of manufacturing revenue, >$700 M 13

Our PPI Business System is Our Discipline Quality Consistently deliver world-class products and services Productivity Improve operating and process efficiency to strengthen our competitive advantage Customer Allegiance Exceed expectations to maximize customer success 14

March Global Kaizen Week Summary of Events & Results Number of Events Conducted Participants Total Hard Savings Annualized 25 215 650, 000 $600, 000 550, 000 500, 000 $450, 000 Sites 400, 000 350, 000 300, 000 Customer Allegiance: Reduction in # of Complaints 109 Lead Time Reductions (specific sites) 72 -99% Footprint / Space created for growth 15 14 250, 000 Targeted Customer Allegiance: Reduction in Complaints 1, 366 sq. t Quality: Warranty/Scrap Reductions (annualized) $125, 000 Efficiency Savings (annualized) $475, 000 Total Hard Savings (Quality+ Efficiency) $600, 000 Achieved 120 110 100 90 80 70 60 50 40 109 70 Targeted Addressed

Kaizen Events across Life Sciences Group 16

Kaizen Teams, System Changes and Results 17

Live Our 4 i Values Every Day Integrity Intensity Innovation Involvement Honor commitments, communicate openly and demonstrate the highest ethical standards Create value by transforming knowledge and ideas into differentiated products and services for our customers 18 Be determined to deliver results with speed, excellence and a passion to succeed Make connections to work as one global team, embracing unique perspectives and treating others with dignity and respect

Thermo Fisher Foundation for Science 19

Community Involvement and Innovation: Globally Students and teachers conduct novel research while enjoying wonders of weightlessness as part of NASA-HUNCH program Employees went to Yinjing, delivered donation valued >54 k Yuan to 86 students in the "Thermo Fisher 1 on 1 program" and affected by Ya'an earthquake 2013 20 science teachers attended a workshop offered by Fisher Science Education, where they tested analyzed water samples from the Ohio River in Pittsburgh 20

Community Involvement and Innovation: Lithuania Collaboration with universities • Participation in development of study programs • Internship program: 33 scholarships for students doing their final thesis in company’s labs • Employees as part time lecturers 40% employees volunteered in 2013 • Over 3, 000 hours volunteered • 28 social projects conducted Mobile Bioclass, the first country traveling biosciences lab • Promoting science among high school students • 100 schools visited in 70 locations • 2, 500 schoolchildren and 150 teachers participated 21

Summary • Innovation can be cultivated within an organization through: • Funding projects and training to drive action • Managerial support to emphasize value and importance • Reward novelty and originality • Avoid excessive criticism of unsuccessful efforts • Tools such as PPI/Lean (or other disciplines) for a framework • Goals and objectives which require creativity • Positive change management imperative for success • Organization must be willing to adapt and evolve • Status quo cannot be accepted • Preconceptions decrease creativity 22

Questions 23