EX-99.A.5.V 2 dp06312_exa5v.htm

EXHIBIT (a)(5)(v)



Roche
Half-Year Results 2007
July 19, 2007


      







This presentation contains certain forward-looking statements. These
forward-looking statements may be identified by words such as 'believes',
'expects', 'anticipates', 'projects', 'intends', 'should', 'seeks', 'estimates',
'future' or similar expressions or by discussion of, among other things,
strategy, goals, plans or intentions. Various factors may cause actual results
to differ materially in the future from those reflected in forward-looking
statements contained in this presentation, among others:

1   pricing and product initiatives of competitors;

2   legislative and regulatory developments and economic conditions;

3   delay or inability in obtaining regulatory approvals or bringing products to
    market;

4   fluctuations  in  currency  exchange  rates  and  general  financial  market
    conditions;

5   uncertainties in the discovery, development or marketing of new products or
    new uses of existing products, including without limitation negative results
    of clinical trials or research projects, unexpected side-effects of pipeline
    or marketed products;

6   increased government pricing pressures;

7   interruptions in production

8   loss of or inability to obtain adequate protection for intellectual property
    rights;

9   litigation;

10  loss of key executives or other employees; and

11  adverse publicity and news coverage.

Any statements regarding earnings per share growth is not a profit forecast and
    should not be interpreted to mean that Roche's earnings or earnings per
    share for this year or any subsequent period will necessarily match or
    exceed the historical published earnings or earnings per share of Roche.

For marketed products discussed in this presentation, please see full
prescribing information on our website - www.roche.com All mentioned trademarks
are legally protected


      







Additional information in relation to the offer for Ventana shares and where to
find it

These materials are for informational purposes only and do not constitute an
offer to purchase or a solicitation of an offer to sell Ventana’s common stock.
The tender offer is being made pursuant to a tender offer statement on schedule
TO (including the offer to purchase, letter of transmittal and other related
tender offer materials) filed by Roche with the Securities and Exchange
Commission (SEC) on June 27, 2007. These materials, as they may be amended from
time to time, contain important information, including the terms and conditions
of the offer, that should be read carefully before any decision is made with
respect to the tender offer. Investors and stockholders can obtain a free copy
of these materials and other documents filed by Roche with the SEC at the
website maintained by the SEC at www.sec.gov. The tender offer materials may
also be obtained for free by contacting the information agent for the tender
offer, Mackenzie Partners, at (212) 929-5500 or (800) 322-2885 (toll-free).


      







Strategic acquisitions and portfolio enhancements
Committed to technology leadership

Driving personalised healthcare

Leader in
Pharma

Leader in Diagnostics

o        THP (therapeutic antibody technology)

o        Alnylam (RNA interference technology)

o        Transgene (therapeutic HPV vaccine)

o        BioVeris (electrochemiluminescence technology)

o        454 Life Sciences (ultra fast gene sequencing)

o        NimbleGen (high-density DNA microarrays)(1)

o        Ventana (tissue-based diagnostics)(1)

o        Tanox (to be acquired by Genentech)(2)

1 Tender offer pending

2 Acquisition not yet closed/ pending regulatory approval


      







H1 2007: Diagnostics continues on growth track
Strategic acquisitions to strengthen business

Solid operating performance

o        Sales grew above market (+5 %)

o        EBITDA generation remains at industry high (30.5 % of sales)

o        Diabetes Care double-digit growth in North America (+10 %)

o        Immunochemistry continues to out-pace market (+11 %)

Genomics portfolio complete in Life Sciences market

o        454 Life Sciences: ultra-fast gene sequencing

o        NimbleGen Systems: high density microarrays*

Immunochemistry IP secured

o        BioVeris: ECL IP and expansion into clinical trial testing market

Tender offer for entry into new market segment

o        Ventana: tissue-based diagnostics**

* Acquisition not yet closed/ pending regulatory clearance

** Tender offer pending


      







Acquisitions - enable entry into four attractive markets

Sequencing

Clinical Trials
(ECL)

Microarrays

Histopathology


      







Acquisitions - complement current portfolio (2)
Expanded technology offering for in vitro diagnostics

Life Science

In Vitro Diagnostics

Patients

Testing after NA/ protein extraction

Testing on Tissue