1st Quarter 2024 Financial Results & Corporate Update May 6, 2024 Exhibit 99.2
This Slide Presentation Includes Forward-Looking Statements 2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements concerning: BioNTech’s expected revenues and net profit/(loss) related to sales of BioNTech’s COVID-19 vaccine, referred to as COMIRNATY where approved for use under full or conditional marketing authorization, in territories controlled by BioNTech’s collaboration partners, particularly for those figures that are derived from preliminary estimates provided by BioNTech’s partners; the rate and degree of market acceptance of BioNTech’s COVID-19 vaccine and, if approved, BioNTech’s investigational medicines; expectations regarding anticipated changes in COVID-19 vaccine demand, including changes to the ordering environment and expected regulatory recommendations to adapt vaccines to address new variants or sublineages; the initiation, timing, progress, results, and cost of BioNTech’s research and development programs, including BioNTech’s current and future preclinical studies and clinical trials, including statements regarding the timing of initiation, enrollment, and completion of studies or trials and related preparatory work and the availability of results, and the timing and outcome of applications for regulatory approvals and marketing authorizations; the targeted timing and number of additional potentially registrational trials, and the registrational potential of any trial BioNTech may initiate; discussions with regulatory agencies; BioNTech’s expectations with respect to intellectual property; the impact of BioNTech’s acquisition of InstaDeep Ltd. and its collaboration and licensing agreements; the development, nature and feasibility of sustainable vaccine production and supply solutions; and BioNTech's estimates of revenues, research and development expenses, selling, general and administrative expenses, and capital expenditures for operating activities. 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You should review the risks and uncertainties described under the heading “Risk Factors” in BioNTech’s Report on Form 6-K for the period ended March 31, 2024 and in subsequent filings made by BioNTech with the SEC, which are available on the SEC’s website at www.sec.gov. These forward-looking statements speak only as of the date hereof. Except as required by law, BioNTech disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this presentation in the event of new information, future developments or otherwise.
Financial Results Jens Holstein, Chief Financial Officer3 Strategic Outlook Ryan Richardson, Chief Strategy Officer4 Pipeline Update Özlem Türeci, Co-founder & Chief Medical Officer2 1st Quarter 2024 Highlights Ugur Sahin, Co-founder & Chief Executive Officer1
1 1st Quarter 2024 Highlights Ugur Sahin, Founder & Chief Executive Officer
2024 Strategic Priorities and Achievements in Q1 2024 5 1. Partnered with Duality Biologics; 2 Partnered with Genentech, a member of the Roche group 3. Partnered with Pfizer. HER2 = human epidermal growth factor receptor 2; ADC = antibody drug conjugate, HR = hormone receptor; AACR = American Association for Cancer Research: mRNA = messenger ribonucleic acid; PDAC = pancreatic ductal adenocarcinoma; NSCLC = non-small cell lung cancer; TROP2 = trophoblast cell-surface antigen 2. Presented clinical data at AACR for our mRNA cancer vaccines autogene cevumeran (BNT122)2 in PDAC and BNT116 in NSCLC Appointed Annemarie Hanekamp as Chief Commercial Officer starting in July First patient dosed in Phase 3 clinical trial evaluating our HER2 ADC BNT323/DB-13031 in HR+/HER2-low breast cancer Received Fast Track designation for our TROP2-ADC BNT325/DB-13051 for the treatment of platinum-resistant ovarian epithelial cancer, fallopian tube cancer, or primary peritoneal cancer Advancing variant-adapted COVID-19 vaccine for the 2024/2025 season3 Clinical Execution in Oncology Commercial Readiness in Oncology COVID-19 Leadership Appointed further expertise in global commercial group to drive first global product launch Appointed General Manager US who has commenced building out US commercial operations
Intraindividual variability & intratumoral heterogeneity driving evasion and secondary resistance mechanism Addressing the Fundamental Challenge in Cancer Treatment Cancer cells Genetically diverse & adaptable5-20 years – up to 10,000 mutations Mutations DNA Mutation Healthy Cell Mutations Mutations Mutations Mutations Individual patients 6 Alexandrov L et al., Nature 2019; Kandoth C et al., Nature 2013; Yizhak K et al., Science 2019; Lim Z & Ma P, J Hematol Oncol 2019; Quazi MA et al., Ann Oncol 2017; Maryusk A et al., Cancer Cell 2023.
Our Oncology Approach 7 Strategy Portfolio covering compound classes with synergistic mechanisms of action • Immunomodulators • Targeted therapies • Individualized and off-the-shelf mRNA vaccines Programs across a wide range of solid tumors and stages of treatment Programs with first-in-class and / or best-in-class potential Unique therapeutic combinations Goals Address the continuum of cancer Bring novel therapies to cancer patients and establish new treatment paradigms Open up novel options to combine platforms and therapies
Towards a Potentially Curative Approach to Cancer: Differentiated Combinations Space for potentially curative approaches Immunomodulators Novel checkpoint inhibitors, cytokines, immune agonists mRNA vaccines Targeted therapy ADCs, CAR-T, TCR-T, small molecules SynergySynergy Synergy 8 ADC = antibody-drug conjugate; CAR = chimeric antigen receptor; TCR-T = T-cell receptor engineered T cell; IO = immune oncology. Immunomodulators • Focus on the most relevant and crucial IO pathways • Targeting different complementary players in the complex cancer immunity cycle may promote a thorough and durable anti-tumor effect mRNA cancer vaccines • Could eliminate polyclonal residual disease with individualized vaccines for potential long-term impact • Polyspecific activity by targeting multiple antigens at once Targeted therapy • Potent and precise therapies could rapidly reduce tumor burden • Designed to have clinical efficacy across the entire disease continuum including late lines
Our Next Stage of Growth in Oncology 9 2024 2025 2026+ 10+ potentially registrational trials in 2024 Build out commercial organization ahead of potential launches Plan to start combination trials Pivotal data updates in 2025 and beyond to support potential submissions Potential launches in multiple indications as early as 2026
2 Pipeline Update Özlem Türeci, Co-Founder & Chief Medical Officer
Our Multi-Platform Immuno-Oncology Pipeline Today 11 1. Partnered with Genentech, member of Roche Group; 2. Partnered with Regeneron; 3. Partnered with Genmab; 4. Partnered with OncoC4; 5. Partnered with DualityBio; 6. Partnered with MediLink Therapeutics. *Two phase 1/2 clinical trials in patients with solid tumors are ongoing in combination with immune checkpoint inhibitor +/- chemotherapy NSCLC = non-small cell lung cancer; SCLC = small cell lung cancer; mCRPC = metastatic castration resistant prostate cancer; HPV = human papillomavirus; PDAC = pancreatic ductal adenocarcinoma; CRC = colorectal cancer; CLDN = claudin; IL = interleukin; 1L = first line; R/R = relapsed/refractory; HER2/HER3 = human epidermal growth factor 2/3; sLeA = sialyl-Lewis A antigen; TROP2 = trophoblast cell-surface antigen 2; TNBC = triple negative breast cancer. Phase 1 Phase 1/2 Phase 2 Phase 3 BNT211 (CLDN6) Multiple solid tumors BNT311/GEN10463 (acasunlimab; PD-L1x4-1BB) Multiple solid tumors BNT312/GEN10423 * (CD40x4-1BB) Multiple solid tumors BNT313/GEN10533 (CD27) Multiple solid tumors BNT316/ONC-392 (gotistobart)4 (CTLA-4) Multiple solid tumors BNT151 (IL-2 variant) Multiple solid tumors BNT142 (CD3xCLDN6) Multiple CLDN6-pos. adv. solid tumors BNT325/DB-13055 (TROP2) Multiple solid tumors BNT316/ONC-392 (gotistobart)4 (CTLA-4) anti-PD-1/PD-L1 experienced NSCLC BNT323/DB-13035 (HER2) Multiple solid tumors BNT324/DB-13115 (B7H3) Multiple solid tumors BNT323/DB-13035 (HER2) HR+/HER2-low met. breast cancer BNT116 Adv. NSCLC BNT152 + BNT153 (IL-7, IL-2) Multiple solid tumors BNT221 Refractory metastatic melanoma BNT321 (sLea) Metastatic PDAC BNT322/GEN10563 Multiple solid tumors Autogene cevumeran (BNT122)1 Multiple solid tumors BNT314/GEN10593 (EpCAMx4-1BB) Multiple solid tumors mRNA Next generation IO Cell therapy Legend Small molecules ADCs BNT326/YL2026 (HER3) Multiple solid tumors BNT311/GEN10463 (acasunlimab; PD-L1x4-1BB) R/R met. NSCLC, +/- pembrolizumab BNT1112 aPD(L)1-R/R melanoma, + cemiplimab BNT113 1L rel./met. HPV16+ PDL-1+ head and neck cancer, + pembrolizumab Autogene cevumeran (BNT122)1 1L adv. melanoma, + pembrolizumab Autogene cevumeran (BNT122)1 Adj. ctDNA+ stage II or III CRC BNT1162 1L adv. PD-L1 ≥ 50% NSCLC, + cemiplimab Autogene cevumeran (BNT122)1 Adj. PDAC, + atezolizumab + mFOLFIRINOX BNT316/ONC-392 (gotistobart)4 (CTLA-4) Plat.-R. ovarian cancer, + pembrolizumab BNT316/ONC-392 (gotistobart)4 (CTLA-4) mCRPC, + radiotherapy BNT411 (TLR7) Multiple solid tumors BNT321 (sLea) adjuvant PDAC, +mFOLFIRINOX BNT323/DB-13035 (HER2) HER2-expressing rec. endometrial cancer PLANNED NEW NEW NEW
Focus on Clinical Trial Execution in Oncology 0 100 200 300 400 500 600 2020 2021 2022 2023 Q1 2024 + 424% BNT316/ONC-392 (gotistobart)1 anti-PD-1/PD-L1-experienced NSCLC BNT323/DB-13032 HR+, HER2-low met. breast cancer Autogene cevumeran (BNT122)3 Adj. PDAC, + atezolizumab + mFOLFIRINOX Autogene cevumeran (BNT122)3 Adj. CRC BNT113 PDL-1+, HPV16+ HNSCC, + pembrolizumab Phase 3 Phase 3 Phase 2 Phase 2 Phase 2 1. Partnered with OncoC4; 2. Partnered with DualityBio; 3. Partnered with Genentech, member of the Roche group. * Includes BNTX trials and partnered trials. PD-1 =programmed cell death protein 1; HR = hormone receptor; HER2 = human epidermal growth factor receptor 2; NSCLC = non-small cell lung cancer; PDAC = pancreatic ductal adenocarcinoma; CRC = colorectal cancer ; HPV = human papillomaviruses; HNSCC = head and neck squamous cell carcinoma. Select ongoing mid- to late-stage trials Average quarterly patient enrollment in trials* On track to have 10+ potentially registrational trials by YE 2024 # of P at ie nt s En ro lle d Quarterly average per year
BNT327/PM80021: a PD-L1/VEGF- A Targeting Bispecific Antibody 13 1. Partnered with Biotheus; PD-L1 = programmed cell death ligand 1; VEGF-A = vascular endothelial growth factor A; CTx = chemotherapy; 1/2L = first/second-line; TNBC = triple-negative breast cancer; SCLC = small cell lung cancer; SABCS = San Antonio Breast Cancer Symposium; ESMO = European Society for Medical Oncology; ORR = objective response rate; DCR = disease control rate, ITT = intention-to-treat; IO = immuno oncology; CTFI = chemotherapy-free interval; TTP = time to progression; PR = partial response; SD = stable disease; PD = progressive disease; CR = complete response. Phase 2 (NCT05918133): clinical activity of BNT327/PM8002 in combination with nab-paclitaxel in 1L TNBC Jiong Wu et al. Presented at SABCS 2023. Poster#PS08-06 Phase 2 (NCT05879068): clinical activity of BNT327/PM8002 in combination with paclitaxel in 2L SCLC Ying Cheng et al. Presented at ESMO 2023. Poster#1992P C ha ng e fr om B as el in e (% ) -100 60 40 0 -20 -40 -80 20 -60 CRPDSDPR Response ORR, % 78.6 DCR, % 95.2 - - - + + - + ○ + + √ ○ + + ○ - + + + + - √ ○ - - - - - + - ○ - - - ○ - - √ + - √ ○ - - - + - - IO-naïve + IO-treated ○ CTFI < 30 days √ TTP < 3 months Response ITT (n=36) IO-naïve (n=22) IO-treated (n=14) ORR, % 61.1 72.7 42.9 DCR, % 86.1 81.8 92.9 Ongoing trials across several indications and favorable safety profile established in > 600 patients Plan to start 2 pivotal trials in end 2024/begin 2025 Strong single compound activity, and high ORRs observed in combination with CTx in various indications CRPDSDPR -90 -70 -50 -30 -10 10 30 50 70
BioNTech – Full Exploitation of Cancer Vaccine Target Space 14 1. iNeST is being developed in collaboration with Genentech, a member of the Roche Group. *autogene cevumeran (BNT122); ** Amount of tumor antigens varies across programs; *** T cell responses analyzed by ex vivo multimer staining analysis in blood. TNBC = triple-negative breast cancer; MAGE = melanoma-associated antigen; NY-ESO-1 = New York esophageal squamous cell carcinoma-1; HPV = human papillomavirus E7. Individual patient samples (blood and tissue) Artificial intelligence- driven neoantigen prediction On-demand tailored RNA manufacturing Individualized immuno- therapy Mapping of mutations Fixed combination of shared tumor antigens** Multi-antigen approach tailored to each indication Neo- antigens Individualized therapy Multiple shared antigens Off-the-shelf therapy iNeST1,* FixVac individualized Neoantigen-Specific immunoTherapy Fixed Antigen Vaccine ANTIGEN 1 ANTIGEN 2 ANTIGEN 3 ANTIGEN 4 Strong vaccine- induced ex vivo CD8+ T cell responses across different cancer types*** 10.3% 10.1% HPV16-E7 Head & Neck Cancer BNT113, HARE40 trial Mutant Neoantigen TNBC, BNT114 TNBC-MERIT trial 5% MAGE-A3 Melanoma, BNT111, Lipo-MERIT trial 2.1% NY-ESO-1 Melanoma , BNT111, Lipo-MERIT trial mRNA- Lipoplex platform
High-Magnitude, Sustained Immunity upon Neoantigen mRNA Vaccination 15 HLA = human leukocyte antigen; IFN = interferon; PDAC = pancreatic ductal adenocarcinoma; TNBC = triple-negative breast cancer; CICON = International Cancer Immunotherapy Conference; ESMO = European Society for Medical Oncology. Adjuvant TNBC Vaccine-induced T cells persist over multiple years T cells are high-magnitude COX7A2(A84V) GVADVLLYR / HLA-A*1101 CLINT1(T472I) VSKILPSTW / HLA-B*5701 UTP6(H137Y) YSNKPALW / HLA-B*5701 0.015 0.055 0.064 4.5 Years after treatment start Mean Individual T cells are multiclonal T cells are functional 0 100 200 0 2 4 6 300 600 Days after treatment start P er c en t o f C D 8+ P01 PPP1R15B(S278T) Melanoma Sahin et al, NATURE 2017 & data on file Adjuvant PDAC Rojas et al, NATURE 2023 Multimer+ IFNγand TN IFNγ+ Prime Half-life Boost Half-life Life- spans Vaccine Booster Pe rc en ta ge o f a ll bl oo d ce lls Türeci, CICON 2023/ESMO 2020
Growing Portfolio of Cancer Vaccine Candidates Across Multiple Solid Tumors 16 1. Partnered with Genentech, member of Roche Group; 2. Sponsored by Regeneron. iNeST = individualized Neoantigen Specific Immunotherapy;1L = first line; R/R = relapsed/refractory; CRC = colorectal cancer; PDAC = pancreatic ductal adenocarcinoma; TNBC = triple-negative breast cancer; HPV = human papillomavirus; HNSCC = head and neck squamous carcinoma; NSCLC = non-small cell lung cancer; ADT = androgen deprivation therapy; CTx = chemotherapy; PFS = progression-free survival; ASCO = American Society of Clinical Oncology; AACR = American Association for Cancer Research; SITC = Society for Immunotherapy of Cancer; ESMO-IO = European Society for Medical Oncology Immono-Oncology. Six ongoing Phase 2 trials with cancer vaccine candidates in multiple disease settings Individualized vaccine: iNeST1 FixVac Adjuvant 1L R/R R/R Post-adj. Neo-adj, mCR 1L Multiple settings CRC Phase 2 PDAC Phase 2 Melanoma Phase 2 Solid Tumors Phase 1 Melanoma Phase 2 TNBC Phase 1 Prostate Cancer Phase 1/2 HPV16+ HNSCC Phase 2 NSCLC Phase 1 & 2 Autogene cevumeran (BNT122) Monotherapy Autogene cevumeran (BNT122) + Atezolizumab Autogene cevumeran (BNT122) + Pembrolizumab Autogene cevumeran (BNT122) + Atezolizumab BNT111 +/- Cemiplimab BNT114 BNT112 Monotherapy & + Cemiplimab + ADT BNT113 + Pembrolizumab vs. Pembrolizumab BNT116 Monotherapy & Cemiplimab or CTx Study ongoing Study started in Q4 2023 Data presented from investigator- initiated Ph 1 study at ASCO 2022 & AACR 2024 and published (Rojas et al. Nature.2023) Enrollment completed Analysis of PFS as primary endpoint will be based on events and define when we will report results Enrollment completed Data presented at AACR 2020 Manuscript in preparation Enrollment completed, study is ongoing Data presented from Ph1 at SITC 2021 and published (Sahin et al., Nature 2020) Manuscript in preparation Discontinued Data presented at SITC 2021 Study ongoing Data presented at ESMO-IO 2022 Ph 1 study ongoing Data presented at SITC 2023 and AACR 2024 Ph 2 in 1L NSCLC started in Q3 20232
Autogene Cevumeran (BNT122)1 Investigated in a Phase 2 Randomized Trial vs Watchful Waiting in Adjuvant Colorectal Cancer 17 1. Partnered with Genentech, member of Roche Group. 2. Kotani et al. Nature 2023, Nakamura et al. ESMO 2023; 3. André T et al. J Clin Onc. 2015 CT = computer tomography; CRC = colorectal cancer; SoC = standard of care; qxw = every X week(s); ctDNA = circulating tumor DNA; (m)DFS = (median) disease-free survival; OS = overall survival; RFS = relapse-free survival; TTR = time to response; TTF = time to treatment failure. Autogene cevumeran (BNT122) 15 doses: 6×q1w, 2×q2w, 7×q6w Observational watchful waiting Adjuvant SoC chemotherapy for 12–24 weeksInclusion criteria Patients with surgically-resected Stage II (high-risk) or Stage III CRC Screening 1 ctDNA status (post-operative) Screening 2 neoantigen selection for vaccine manufacture Screening 3 final eligibility (ctDNA-positive) n=164 R 1:1 Biomarker: BNT122 irrespective of ctDNA status (n=15) iNeST manufacturing ≤20 neo-epitopes Exploratory: BNT122 recurrent disease at Screening 3 (n≤20) Key endpoints Status • First patient dosed (randomized cohort): December 2021 • Study on track Primary: Disease-free survival Efficacy: RFS, TTR, TTF, OS Change in ctDNA status Phase 2, multi-site, open-label, randomized, controlled trial (NCT04486378) Historical efficacy in CRC patients2, 3 mDFS in ctDNA+ patients: 6 months 5-year DFS rate: stage II (high-risk) ~80%, stage III ~66% 5-year OS rate: stage II (high-risk) ~88%´, stage III ~76%
Autogene Cevumeran (BNT122)1 Investigated in a Phase 2 Randomized Trial vs SoC in Resected PDAC 18 1. Partnered with Genentech, member of Roche Group; 2. Conroy T. et al. JAMA Onc. 2022. SoC = standard of care; PDAC = pancreatic ductal adenocarcinoma; (m)DFS = (median) disease-free survival; (m)OS = (median) overall survival; FPD = first patient dosed Key endpoints Primary: DFS Secondary: DFS rates, OS, OS rates and safety Status • Recruitment ongoing • FPD October 2023 Inclusion criteria Screening Part A Determine ≥5 neo-epitopes from blood and tumor samples for custom manufacture of BNT122 Screening Part B Confirm patient eligibility based IN/EX criteria n=260 R 1:1 Treatment phases and dosing schedules During the study, patients are monitored at scheduled intervals until recurrence of PDAC, occurrence of new cancers, or unacceptable toxicity, whichever occurs first. Randomization 6-12 weeks following surgery Autogene cevumeran (BNT122) + atezolizumab + mFOLFIRINOX mFOLFIRINOX IMCODE003: Phase 2, open-label, multicenter, randomized trial (NCT05968326) • Resection margin • Nodal involvement Stratification factors Historical efficacy of mFOLFIRINOX monotherapy2 mDFS = 21.4 months, 5-year DFS = 26.1% mOS = 53.5 months, 5-year OS = 43.2% • Patients with resected PDAC • No prior systemic anti- cancer treatment for PDAC • No evidence of disease after surgery
Autogene Cevumeran (BNT122)1 Vaccine Response Correlates with Delayed PDAC Recurrence 1. Partnered with Genentech, member of Roche Group. PDAC = Pancreatic ductal adenocarcinoma; OS = overall survival, RFS = relapse-free survival. Phase 1, investigator-initiated trial in resectable PDAC: 3-year follow-up data Balachandran V et al. Presented at AACR 2024. # CT025 & Rojas et al. Nature. 2023. 19 At risk Responder 8 8 7 6 2 0 Non-responder 8 6 5 2 0 0 8 8 7 5 0 8 5 1 1 0 1.5-year median follow-up 3-year median follow-up 0 20 40 60 80 100 R FS (% ) Months 0 20 40 60 80 100 Years Median RFS: Not reached Median RFS: 13.4 months Immune responder (n = 8) Immune non-responder (n = 8) 0 6 12 18 24 30 0 1 2 3 4 Median RFS: Not reached Median RFS: 13.4 months P = 0.003, HR: 0.08 (0.01-0.4) P = 0.007, HR: 0.14 (0.03-0.59)
~ 85% of NSCLC patients express ≥1 TAA > 60% of NSCLC patients express ≥2 TAAs FixVac: Identification of Shared Tumor Antigen (TAA) Sets that Cumulatively Cover a Major Proportion of Patients 20 Data on file. TAA = tumor-associated antigen; RT-qPCR = real-time quantitative polymerase chain reaction; NSCLC = non-small cell lung cancer; TCGA = The Cancer Genome Atlas; GTEx = genotype-tissue expression; TEA = tissue engineering acoustophoretic; TRON = Helmholtz Institute for Translational Oncology; KK-LC-1 = Kita-Kyushu lung cancer antigen 1; MAGE = melanoma-associated antigen; PRAME = preferentially expressed antigen in melanoma; CLDN = claudin.. . Target selection for BNT116 – lung cancer1 Expression of tumor-associated antigens2,3,4 Next Generation Sequencing Evaluation I RT-qPCR (isoforms-indep.) Evaluation II RT-qPCR (includ. Isoforms) Target Selection and Revision RNAseq Databases TCGA: 466 lung adenocarcinoma (LUAD) TCGA: 415 lung squamous Carcinoma (LUSC) GTEx: 2719 health tissue specimen TEA: 119 healthy tissues (TRON) In-house Sample Material • 52 LUAD samples • 55 LUSC samples • 57 other Lung-Cancer samples • 176 healthy tissue samples Warehouse Targets Detailed target profiles including literature mining and epitope prediction Target discovery Candidate evaluation I/II TARGET FORCE Candidates for RT-qPCR evaluation Candidates for in depth evaluation Final target set for FixVac 261 predicted candidates 63 selected candidates in EVA I/II 15 selected candidates In silico analysis of transcript abundance of the six BNT116 TAAs in an NSCLC cohort In-house assessment of expression of the six BNT116 TAAs, Mage-A3, CLDN6. KK-LC-1, PRAME, MAGE-A4, and MAGE-C1 in a cohort from clinical routine using RT-qPCR (n=184)
N = 130N = 130 BNT116: Broad Evaluation in NSCLC as Monotherapy and in Combination 21 1. Sponsored by Regeneron; NSCLC = non-small cell lung cancer; FIH= first in human; PD-L1 = programmed cell death ligand 1; TPS = tumor proportion score; RECIST = Response Evaluation Criteria in Solid Tumors; ECOG PS = eastern cooperative oncology group performance status; DLT = dose limiting toxicity; ORR = overall response rate; DoR = duration of response; DCR = disease control rate; DDC = duration of disease control; PFS = progression-free survival; OS = overall survival; TEAE = treatment emergent adverse events; SAE = serious adverse event ; CRT = chemoradiotherapy. Primary Endpoints: DLT occurrence during Cycle 1, safety Secondary Endpoints: ORR, DoR, DCR, DDC, PFS, OS OS follow-up every 3 months for up to 24 months after end of treatment Primary Endpoint: ORR Secondary Endpoints: OS, PFS, DOR, TEAEs, SAEs LuCa-MERIT-1: FIH, Open Label Phase I Trial Evaluating Safety, Tolerability, and Preliminary Efficacy of BNT116 Alone and in Combinations in NSCLC (NCT05142189) EmpowerVax-Lung1: Phase 2 Study of Cemiplimab in Combination with BNT116 vs. Cemiplimab Monotherapy in First-Line Treatment of Patients with Advanced NSCLC with PD-L1 ≥50% (NCT05557591) Inclusion criteria Cohort 1–4: Unresectable (Stage III) or metastatic (Stage IV) NSCLC Cohort 5: Unresectable (Stage III) NSCLC after CRT Cohort 6: Resectable (Stage II or III at diagnosis) NSCLC Cohort 1, 4 and 5: ECOG PS 0-2 Cohort 2, 3 and 6: ECOG PS ≤1 Key inclusion criteria • Advanced untreated NSCLC (Stage IIIB, IIIC or IV squamous or non-squamous NSCLC, who are ineligible for surgical resection or definitive chemoradiation) • PD-L1 expression TPS ≥50% • At least 1 radiographically measurable lesion by RECIST 1.1 • ECOG-PS ≤1 BNT116 + cemiplimab (n=20) (frail patients) Optional: cemiplimab from cycle 3 onwards BNT116 monotherapy (n=30) Deme D. et al. SITC. 2023. BNT116 + cemiplimab (n=20) (PD-L1 ≥ 50%, progressive disease on PD-1 or PD-L1 inhibitor as first line/adj. Tx) BNT116 + docetaxel (n=20) Öven BB et al. AACR. 2024. BNT116 + cemiplimab (n=20) (after concurrent CRT) BNT116 + cemiplimab + carboplatin + paclitaxel (neoadj. therapy) > surgery > BNT116+ cemiplimab (adjuvant therapy) (n=20) 1 2 3 4 5 6 R 1:1 Arm A: Cemiplimab Arm B: BNT116 + cemiplimab Up to 24 months or until disease progression
Preliminary Results of BNT116 Show Encouraging Antitumor Activity and Manageable Safety Profile in Combination with Docetaxel 22 FIH = first in human; ORR = objective response rate; DCR = disease control rate; (m)PFS = (median) progression-free survivial; (m)OS = (median) overall survival; PR = partial response; SD = stable disease; PD = progressive disease; NSCLC = non-small cell lung cancer. Phase 1 FIH study (NCT05142189): Clinical activity and tolerability Öven BB. et al. Presented at AACR 2024. #CT051. Cohort 3 BNT116 + docetaxel (n=20) ORR, n (%) 6 (30) DCR, n (%) 17 (85) mPFS, m 4.4 Ch an ge o f t ar ge t l es io n su m fro m b as el in e (% ) -60 -50 -40 -30 -20 -10 0 10 20 30 40 50 60 0 50 100 150 200 250 300 350 Study day Overall response Best overall response PR SD PD Be st c ha ng e of ta rg et le si on s um fro m b as el in e (% ) -60 -50 -40 -30 -20 -10 0 10 20 30 Best overall response PR SD PD BNT116 + docetaxel shows activity in heavily pretreated patients with NSCLC Baseline PR –Partial response SD – Stable disease PD – Progressive disease Patient Historical efficacy of docetaxel monotherapy (Garon et al. Lancet. 2014): • ORR ~10% • mPFS ~ 3 months • mOS ~ 9 months Safety: • Manageable safety profile, comparable to other FixVac candidates • No signs of the combination treatment increasing the severity or duration of the adverse events were observed.
BioNTech at ASCO 2024 23 1. Partnered with Genmab; 2. Partnered with Biotheus; 3. Partnered with MediLink; 4. Partnered with Genentech, a member of the Roche group. Related Program Indication Study BNT311/ GEN1046 (acasunlimab)1 2L non-small cell lung cancer Phase 2 BNT327/PM80022 Cervical cancer and platinum- resistant ovarian cancer Phase 1/2 BNT327/PM80022 Non-small cell lung cancer Phase 1/2 BNT326/YL2023 Non-small cell lung cancer & breast cancer Phase 1 Autogene cevumeran (BNT122)4 Colorectal cancer Epidemiological study BNT211 Germ cell tumors Real-world data Across portfolio Data for making informed decisions about the direction of further development
3 Financial Results Jens Holstein, Chief Financial Officer
Q1 2024 Key Financial Figures1 25 1. Financial information is prepared and presented in Euros and numbers are rounded to millions and billions of Euros in accordance with standard commercial practice. 2. Consists of cash and cash equivalents of €8,976.6 million and security investments of €7,962.7 million, as of March 31, 2024. (Loss) before tax €(1.31) €(332)m€188 m €16.9 bn Total revenues (Loss) per Share Total cash plus security investments2
Q1 2024 Financial Results 26 1. Numbers have been rounded, numbers presented may not add up precisely to the totals and may have been adjusted in the table context. Presentation of the consolidated statements of profit or loss has been condensed. 2. BioNTech’s profit share is estimated based on preliminary data shared between Pfizer and BioNTech as further described in BioNTech's Report on Form 6-K for the three months ended March 31, 2024, filed on May 6, 2024. Any changes in the estimated share of the collaboration partner's gross profit will be recognized prospectively. Total revenues consist of COVID-19 vaccine revenues and other revenues as further described in BioNTech's Report on Form 6-K. 3. Adjustments to prior-year figures relate to costs for external legal advice in connection with certain legal litigations from general and administrative expenses to other operating expense to reflect changes in the internal reporting also in the external reporting. (in millions €, except per share data)1 2024 2023 Revenues2 187.6 1,277.0 Cost of sales (59.1) (96.0) Research and development expenses (507.5) (334.0) Sales and marketing expenses (15.6) (12.2) General and administrative expenses (117.0) (111.8) Other operating income less expenses3 4.4 (68.6) Operating income / (loss) (507.2) 654.4 Finance income less expenses 175.4 53.3 Profit / (Loss) before tax (331.8) 707.7 Income taxes 16.7 (205.5) Profit / (Loss) for the period (315.1) 502.2 Earnings / (Loss) per share Basic earnings / (loss) for the period per share (1.31) 2.07 Diluted earnings / (loss) for the period per share (1.31) 2.05 Three months ended March 31st Three months ended March 31st
Revenue guidance considerations: Top-line sensitivity mainly dependent on the following factors • Vaccination rates and price levels in markets where significant Comirnaty sales are expected • Inventory write-downs • Anticipated revenues related to service businesses, including InstaDeep, JPT Peptide Technologies, IMFS and from the German pandemic preparedness agreement 2024 Financial Year Guidance Reiterated1 27 1. Excluding external risks that are not yet known and/or quantifiable, including, but not limited to, the effects of ongoing and/or future legal disputes or related activity. 2. Numbers include effects identified from additional in-licensing arrangements, collaborations or potential M&A transactions to the extent disclosed and are subject to update due to future developments. 3. Anticipated expenses related to external legal advice in connection with legal litigations is not reflected in SG&A but in other operating expenses for the 2024 financial year. Guidance does not include and may be impacted by potential payments resulting from the outcomes of ongoing or future legal disputes or related activity, such as judgments or settlements. 4. The Company does not expect to report a positive net income figure for the 2024 financial year and expects the majority of our 2024 global revenues for Comirnaty to be recorded in the second half of the year. IMFS = BioNTech’s Innovative Manufacturing Services FY 2024 Guidance FY 2024 revenues Total revenues €2,500 – €3,100 m FY 2024 expenses, operating income and capex4 R&D expenses2 €2,400 – €2,600 m SG&A expenses3 €700 – €800 m Capital expenditure for operating activities €400 – €500 m
4 Strategic Outlook Ryan Richardson, Chief Strategy Officer
COVID-19 Vaccine Market Dynamics and Outlook1 1. Partnered with Pfizer. 2. Subject to regulatory approvals. WHO = World Health Organisation; ICMRA = International Coalition of Medicines Regulatory Authorities; EMA = European Medicines Agency; VRBPAC = Vaccines and Related Biological Products Advisory Committee; ACIP = Advisory Committee on Immunization Practices; FDA = Food and Drug Administration. WHO/ICMRA and EMA strain recommendations received for JN.1 variant May 2024 Expected Launch & Shipment shortly after approvals August 2024 Monitoring of emerging variants Planning for: Late summer launch in over 80 geographies of 2024 seasonally adapted vaccine2 Opening of private markets in selected geographies Significant increases in supply of pre-filled syringe doses Vaccine Development Possible FDA approval Possible EU approval Late July 2024April 2024 Expected VRBPAC strain selection June 2024 Expected ACIP recommendation 29 Expected regulatory submissions Potential expedited timeline for variant-adapted vaccine development
Innovative and Diversified Pipeline Poised to Drive Long-Term Growth 1. Listed indications reflect indications currently included in ongoing or planned clinical trials conducted by BioNTech or partners, including some indications only in Phase 1/2 clinical trials. Potential commercial opportunities of investigational programs are subject to the timing and successful outcome of clinical development, regulatory approval, and commercialization. BNT programs considered in each drug class: mRNA cancer vaccines: autogene cevumeran (BNT122), BNT116, BNT111, BNT113; Immunomodulators: BNT316, BNT311, BNT312, BNT327, BNT321; Antibody Drug Conjugates (ADCs): BNT323, BNT325, BNT324, BNT326; Cell Therapies: BNT211; Non-Covid ID: BNT163, BNT164, BNT165, BNT166, BNT167. Investing in innovative therapies across drug classes with blockbuster potential Drug Class Data Update(s) Expected in 2024 or 2025 Potential First Submission Year Potential Market Opportunity1 mRNA cancer vaccines 2027 Establish new pillar of individualized and off-the-shelf treatments with potential to address adjuvant and metastatic stage cancers, incl. CRC, PDAC, melanoma and NSCLC Immunomodulators 2027 Multiple potential next generation checkpoint immunomodulator backbones with potential to address NSCLC, HNSCC, TNBC, and SCLC ADCs 2026 Multiple fast follower and first-to-market opportunities with potential to address BC, NSCLC, EC, and PROC patients Cell Therapies2 2027 First-in-class potential for CAR-T + mRNA vaccine combination therapy with potential to address CLDN6+ testicular, ovarian and lung cancers Infectious Disease (Non-COVID) 2028 Infectious Disease vaccines with potential to address shingles, HSV, malaria, TB, mpox and HIV
Investing Through Waves of Innovation with the Aim to Transform Medicine 31 Mid Term 1st wave of oncology launches planned from 2026 onwards Unlock value with initial combination trials Expanding across indication and treatment lines Long Term Goal of 10 indication approvals in oncology by 2030 Initial launches of 2nd wave products Multi-product immunotherapy Company 10+ mid- to late- stage trials in 2024: Near Term Build out commercial organization ahead of potential launches
Save the date Annual General Meeting May 17, 2024 Innovation Series: Digital & AI October 1, 2024 Innovation Series November 14, 2024
Thank you
Appendix
Advancing our Pipeline: Select Data Milestones in 2024 35 1. Partnered with Genmab; 2. Partnered with OncoC4; 3. Partnered with DualityBio; 4. Partnered with Biotheus; 5. Partnered with Pfizer. NSCLC = non-small cell lung cancer, R/R = relapsed/refractors. Program Indication Targeted Milestone Oncology BNT311/GEN1046 (acasunlimab)1 R/R met. NSCLC, +/- pembrolizumab Phase 2 data BNT312/GEN10421 Multiple solid tumors Ph1/2 expansion cohort data BNT316/ONC-392 (gotistobart)2 Multiple solid tumors Ph1/2 expansion cohort data BNT323/DB-13033 Multiple solid tumors Ph1/2 expansion cohort data BNT325/DB-13053 Multiple solid tumors Ph1/2 data BNT327/PM80024 Multiple solid tumors Phase 2 data Infectious Disease BNT162b25 COVID-19, Omicron XBB.1.5 monovalent vaccine Phase 2/3 data BNT1675 Shingles Phase 1 trial update