6months results 2002

1
6-months results - 2002
2
Forward looking Statement

• Except for the historical information presented
  herein, matters discussed in this presentation
  material are forward-looking statements that are
  subject to certain risks and uncertainties that
  could cause actual results to differ materially
  from any future results, performance or
  achievements expressed or implied by such
  statements, e.g. unforeseen exchange rate and
  interest rate fluctuations, delayed or
  unsuccessful development projects.
•  
• Statements that are not historical facts,
  including statements preceded by, followed by, or
  that include the words believes anticipates
  plans expects estimates or similar
  statements are forward-looking statements. Genmab
  is not under an obligation to up-date statements
  regarding the future following the publication of
  this presentation material nor to confirm such
  statements in relation to actual results, unless
  this is required by law.

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6-Months Results - 2002Key figures

• Operating Loss (DKK203.5M) (27.3M)
  - RD (DKK160.2M)
  (21.5M)- GA
  (DKK43.3M) (5.8M)
• Cash Burn (DKK198.6M)
  (26.7M)
• Cash Position (DKK1.56B)
  (209M)
• EPS
  (DKK8.5) (1.1)

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Forecast for 2002

• Cash Burn to-date
  DKK199M 27M
• Cash Position 30/06 DKK 1.56B
  209M
• Cash Burn for rest of 2002 DKK180-220M
  25M
• Projected Cash 31/12 DKK 1.35B
  185M
• We maintain our expectations to a more than 100
  increase in Operating Loss for 2002 compared to
  2001

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Operating Loss (DKK)H2-2002 vs. H2-2001

• 2002
  2001
• RD (160.2M) (72.3M)
• GA (43.3M)
  (17.8M)
• Operating Loss (203.5M) (90.1M)

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Net Loss (DKK) H2-2002 vs. H2-2001

• 2002
  2001
• Operating Loss (203.5M) (90.1M)
• Financial Income 18.4M 60.7M
• - Tax (0.5M)
  0.0M
• Net Loss (185.6M)
  (29.4M)

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Balance Assets (DKK)

• Cash and Equivalents 1,556.6M
• Licenses
  79.8M
• Tangible Assets
  96.9M
• Other Assets
  53.1M
• Total assets
  1,786.5M

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Balance - Liabilites (DKK)

• Shareholders Equity
  1,690.8M
• Long-term debt
  27.2M
• Short-term debt
  68.5M
• Total liabilities
  1,786.5M

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The Human Solution