New Five-Year Financial Outlook
ResMed's new five-year financial outlook includes:

• High-single-digit revenue growth
• Earnings growth higher than revenue growth

"Since our last Investor Day in 2021, we have delivered on our commitments, and this new outlook reinforces that ResMed is well positioned to maintain its track record of strong financial performance," said Brett Sandercock, Chief Financial Officer of ResMed. "Our financial strength and low capital requirements create robust cash generation, and our capital allocation strategy will continue to prioritize innovation – through reinvestment in our core business, a disciplined and strategic approach to M&A, and a balanced capital return policy. We are confident this approach will deliver significant value to shareholders as we execute our 2030 Strategy."

2030 Strategy
ResMed will achieve its new financial goals through the execution of its clear and focused 2030 Strategy across three pillars to drive growth:

1. Grow and differentiate ResMed's unmatched core sleep apnea franchise, led by demand generation and demand capture: The 2030 Strategy is underpinned by a focus on ResMed's sleep apnea core, where ResMed is the leader in making smaller, quieter, more comfortable and more connected products that people love – all working together in a more intelligent ecosystem. ResMed will continue differentiating its technology with AI/ML to drive enhanced therapy performance, consumer appeal, and user experience. New commercial excellence and demand generation initiatives will drive more patients into ResMed's funnel, where they will be served by a robust roadmap of new products, such as the AirTouch N30i next-generation CPAP mask unveiled earlier today.
   
2. Capitalize on ResMed's market opportunity and brand advantage in broader sleep health and breathing health adjacencies: ResMed's evolution is designed to capitalize on key macro trends, including the enhanced spotlight on sleep apnea due to pharmaceuticals and consumer tech. Additionally, ResMed's strong brand and expertise in sleep health position the Company to address the large, untapped sleep health market opportunity, including 860 million people who suffer from insomnia and 480 million people who suffer from COPD.
3. Invest 7% of revenue into R&D to invent, create, and differentiate a fully integrated digital ecosystem for health technology delivered at home: With a large installed base of more than 28 million patients in its AirView platform – and more than 8.3 million patients registered to the myAir platform – ResMed seamlessly integrates devices and data to enhance provider efficiency and enable more personalized care. As ResMed's 2030 Strategy initiatives drive more patients to its funnel, the ecosystem will further build its data advantage. ResMed's leading residential care software solutions are a key enabler of its core sleep and breathing health business. They drive substantial revenue synergies, contribute to core demand generation, and provide cohesion and interoperability for ResMed's AI-driven digital platform.

Implemented in 2023, ResMed's 2030 Operating Model reorganized the company to ensure it remains product-led, customer-centric, and brand-enhanced. The 2030 Operating Model further accelerates ResMed's ability to reach consumers where they are, achieve the five-year financial outlook, and unlock value.