Innovation in Thermo Fisher Scientific, a Core Value of the Company

1. Innovation in Thermo Fisher Scientific, a Core Value of the Company Mitchell Kennedy Vice President & General ManagerMolecular Biology Business Unit May 8th, 2014

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

3. 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 Premier Brands

4. Our Scale and Depth of Capabilities Portfolio** Products Geographies ROW 4% Services13% LifeSciences Solutions 26% Asia-Pacific18% Lab Products & Services37% Instruments & Equipment26% North America51% Consumables 61% Analytical Instruments18% Europe27% Specialty Diagnostics19% Pro forma revenues: $16.8B* * Estimates based on unaudited FY 2013 revenues of both companies **Percentages calculated are based on estimates for intercompany eliminations and other accounting policy adjustments

5. 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

6. Focused on What’s Most Important

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

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

9. Accelerating Customer Results • Scientific instruments and equipment • LIMS and laboratory software • Process monitoring and industrial instruments • Environmental monitoring and safety • Transplant diagnostics • Clinical assays • Immunodiagnostics • Microbiology • Anatomical pathology00 • Laboratory equipment • Laboratory plasticware glassware and supplies Solving Analytical Challenges Improving Patient Diagnostics Increasing Lab Productivity

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

11. 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 10X less expensive than high-field NMR) • Shoe-box size and 10lbs/5Kgs Thermo Scientific picoSpin 45

12. Q Exactive Advancing Life Science Research Bacteriapopulation Protein ID Data Prep LC-MS/MS Microorganism ID “ …using the new methodology with the 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. ShahUK Health Protection Agency ”

13. Unrivaled Industry Leadership Committed to Innovation Committed to Industry Leadership • Ion Proton sequencerGenomics market • Orbitrap Fusion Tribrid Mass Spectrometer Proteomics market • NX70 Cryostar(cryotomy applications)Cancer Diagnostics • SureTect PCR Food Testing R&D spend equals ~6.5% of manufacturing revenue, >$700M

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

15. March Global Kaizen Week

16. Kaizen Events across Life Sciences Group

17. Kaizen Teams, System Changes and Results

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

19. Thermo Fisher Foundation for Science

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

21. 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 Collaboration with universities Participation in development of study programs Internship program: 33 scholarships for students doingtheir final thesis in company’s labs Employees as part time lecturers Community Involvement and Innovation: Lithuania

22. 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

23. Questions