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Corporate Social Responsibility2016 REPORT

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As Perrigo’s CEO, it is my privilege to introduce our 2016 Corporate Social Responsibility (CSR) Report. This report underscores our

commitment to transparency with our shareholders, employees,

and communities where we conduct business and live. It serves as a valuable reminder of the importance of sustainable performance, which we define as the balance of financial performance, investing in people, and caring for the environment.

As a global provider of Quality Affordable Healthcare Products®, we are committed to driving improvement in global sustainable performance. While we take pride in what we have done, I have challenged our global workforce to drive continuous improvement on our sustainable performance results. My hope is that as you review our accomplishments highlighted in our 2016 CSR report, you will see we have a strong foundation on which to build sustainable performance.

Of special note in the West Michigan community where Perrigo was founded over 125 years ago, eight economic development agencies partnered to launch a billboard and social media campaign to demonstrate that “West Michigan has #PerrigoPride.” Thousands of people from local community agencies, businesses and our own facilities drew blue hearts on their hands and

posted images of them with messages of support across social media channels. This spontaneous demonstration of community support was inspirational and motivational at a critical junction in Perrigo’s history. I was not only moved by how the community rallied around us, but also humbled. It is a true testament to the personal impact that our business has beyond the balance sheet. We have responsibilities to many, including our owners (the shareholders), our communities and fellow employees.

Our successes and challenges over the last year have been important reminders of the need to maintain our sustainability and community commitments, especially when doing “business as usual” gets tough. Our ability to drive financial performance, while being mindful of our impact on people and our planet, will sustain Perrigo as a global provider of Quality Affordable Healthcare Products® that we want to invest in, work for, and take pride in as part of the communities where we conduct business.

I am proud of our accomplishments, and excited about the future successes that we will deliver together.

John HendricksonChief Executive Officer

A message from the CEO

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In an era of rising healthcare costs and an aging population, it’s more important than ever to ensure that consumers and patients have access to high quality medications without it being a financial burden. We take our mission to provide Quality Affordable Healthcare Products® very seriously. In 2015, Perrigo saved consumers approximately $7.5 billion worldwide, by providing high quality medicines, baby formula, pet care products, nutritional supplements, and diabetes care products that often are priced 30-50% less than the National Brands to which they compare.

Perrigo remains committed to driving down the cost of healthcare while ensuring the safety and quality of our various products meet or exceed all requirements from the U.S.

Food and Drug Administration (FDA), UK Medicines & Healthcare products Regulatory Agency (MHRA) and the many global governing bodies of the countries in which Perrigo operates.

As a top five global provider of affordable over-the-counter healthcare products, producing more than 50 billion tablets a year across more than 30 sites worldwide, Perrigo holds a leadership position in meeting the social need for affordable medicines.

Perrigo’sUnwavering Focuson Providing Quality,Affordable Healthcare

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PlanetEnvironmentalStewardship

PAGE 10

PeopleEmployee Health and Wellbeing

WHAT’S INSIDE

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PeoplePhilanthropy andOur Communities

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FinancialPerformanceSales and Financials

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Perrigo recognizes that our global footprint impacts the environmentin a variety of ways and we are committed to promoting environmental stewardship by reducing our energy usage, greenhouse gas emissions, water usage, waste and recycling.

We currently report metrics for the data points listed above across 64 of our global facilities. Metrics for new sites added through acquisitions and facility expansions are not included until they have been under Perrigo ownership for a full year. Therefore, our 2015 metrics reflect the addition of facilities gained through the acquisition of Elan Pharmaceuticals and excludes metrics from our Branded Consumer Healthcare (Omega Pharma) facilities.

Planet

5Planet

Greenhouse Gas Emissions

FY13 FY14 FY15

206

192

212

Absolute GHG Emissions*(1,000’s Metric tons of CO2-e)

FY13 FY14 FY15

130.00

125.00

120.00

115.00

110.00

105.00

100.00

95.00

128.40

108.12

110.99

Normalized GHG Emissions* Pounds CO2-e/$1000USD

Greenhouse gases (GHG) are defined as gases that absorb infrared radiation (i.e., carbon dioxide, chlorofluorocarbons, etc.), thereby trapping and holding heat in our atmosphere. They are the gases most associated with global warming and climate change. As Perrigo continues to grow and acquire new companies, it becomes increasingly important to control our GHG emissions.

OVERALL COMPANYGHG emissions increased by 10.2% or

19,624 MTCO2-e in Fiscal Year 2015 (FY15);

this increase includes the addition of new facilities to increase our future capacity. Our GHG intensity, or the amount of emissions per sales dollar to accommodate for our growth, continues to trend similarly year over year with a 2.7% increase in pounds of emissions per sales dollar, measured over the same FY15 period.

A variety of energy reduction initiatives across the company have been implemented that will yield long-term benefit regardless of our growth, which increases our confidence for long-term GHG reduction. These projects include, but are not limited to:

• Purchase of electric vehicles for company owned fleet in UK.

• Energy efficient lighting installed (or in process of being installed) in all company plants and warehouses.

• Repainting roof tops white to reduce the cooling cost in summer months.

• Installing air curtains and cooling tower automated controls.

• HVAC and other heating/cooling facility upgrades.

• Air compressor audits and other efficiency measures related to process equipment.

* Data includes all Perrigo owned facilities and leased facilities where direct manufacturing occurs.This information may be restated due to acquisitions, divestitures, or the availability of more accurate information.Note: All environmental data is reported for FY 2015, and will switch to calendar year in 2016.

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Emissions ScopeGreenhouse gas emissions are defined as either being direct or indirect emissions. They are then further categorized into three scopes.

Scope 1 includes direct emissions from owned or controlled substances (i.e., burning propane to heat a building). Scope 2 includes indirect emissions caused by purchasing energy, heat or steam. Scope 3 includes all other indirect emissions not fully controlled by the company, such as production of purchased materials (supply chain), employee commuting, etc.

Recognizing that Scope 3 emissions are especially challenging, yet play a big role in our overall impact, we are beginning the process to capture Scope 3 emissions on a limited basis, such as employee business travel and waste processing. While this report only captures Scope 1 and Scope 2 emissions, we expect to begin including Scope 3 emissions when our inventory is completed.

Planet

Emissions broken down by top five countries(FY15 emissions broken down by top five countries):

United StatesScope 1: 50,634Scope 2: 106,541Grand Total: 157,175

IsraelScope 1: 4,749Scope 2: 22,489Grand Total: 27,238

IndiaScope 1: 1,524Scope 2: 12,389Grand Total: 13,914

United KingdomScope 1: 1,988Scope 2: 4,601Grand Total: 6,590

MexicoScope 1: 1,150Scope 2: 4,332Grand Total: 5,482

SCOPE 1 UOM FY14 TOTAL FY15 TOTALDieselVolume gallons 114,329 123,595Emissions CO2-e metric tons 1,196 1,238Fuel OilVolume gallons 102,861 143,835Emissions CO2-e metric tons 1,124 1,524Liquified PetroleumGas (LPG)Volume gallons 196,925 320,955Emissions CO2-e metric tons 1,141 1,837Natural GasVolume MMBtu 846,696 976,009Emissions CO2-e metric tons 44,902 51,805Number 6 Fuel OilVolume gallons 274,547 319,742Emissions CO2-e metric tons 3,097 3,606PropaneVolume gallons 4,521 2,984Emissions CO2-e metric tons 25 17

SCOPE 2 TOTAL TOTALElectric PowerVolume kWh 224,283,357 239,999,926Emissions CO2-e metric tons 140,473 151,507

* Data includes all Perrigo owned facilities and leased facilities where direct manufacturing occurs.This information may be restated due to acquisitions, divestitures, or the availability of more accurate information.

7Planet

Traditionally, water usage is higher for pharmaceutical companies, often due to equipment cleaning and validation required to ensure there is no cross-contamination between products.

Water use trends for FY2015 were mixed for Perrigo, in terms of total water withdrawn and intensity by sales. The total water withdrawn increased by 7.8 million gallons, or 2.3%, from Fiscal Year 2014. This is primarily due to company growth and including more sites in the calculation. However, there was a 4.8% decrease in intensity, which is water used per sales dollar. Various water conservation measures were initiated during 2015 to support this reduction, including but not limited to:

• Waste Water Treatment Plant upgrades were kicked off for Perrigo

Vermont that are expected to yield energy saving of 1,340,000 KWH per year and eliminate 724 tons per year of Green House Gas emissions

• Perrigo India (PIN) implemented a process to recycle water at a rate of over 1,500 gallons per day.

• Perrigo Michigan Plant 5 implemented purified water reduction efforts in December 2014 that played a major role in this facility reducing water withdrawn by about 2 million gallons for the year.

In 2015, Perrigo Allegan operations received violations for exceedances of its pH and BOD limit for wastewater discharge, which resulted in $10,500 in total fines. The contributing factors for these exceedances were identified and corrective action plans were implemented.

Water Withdrawn and Conservation

FY13 FY14 FY15

120.00

100.00

80.00

60.00

40.00

20.00

0

101.47

88.1383.94

Water Withdrawn Normalized Total Water Gal’s/$1000 Sold

Recycling and WasteRecycling efforts for FY15 had improved results, with most areas reporting increased recycling efforts. Overall, total Perrigo

recycled waste was up by 7.9%, or over a million pounds, due to total volume increase in the recycling of plastics, corrugated materials, and a renewed focus to reduce our waste going to landfills and increase recycling across all Perrigo operations.

FY13 FY14 FY15

10,969

9,917

10,699

Total Recycled Tons (2,000 lbs)

FY13 FY14 FY15

7.000

6.000

5.000

4.000

3.000

2.000

1.000

0

6.1976

5.0675 5.0914

Recycled Volume Normalized by Sales Recycled lbs/$1000 USD

Gallons of Water

359,202

343,202

352,780 FY15

FY14

FY13

in 1000’s

8 Planet

Packaging engineers are always looking for the most efficient, yet customer friendly, method to design product packaging.

Packaging material, such as corrugate and shippers used in our U.S. facilities, on average, contains more than 50% recycled material. One third of the containerboard packaging supplied to our Michigan facilities is derived from 100% post-consumer recycled content. Additionally, 100% of OTC carton and corrugate fiber content is certified through the Sustainable Forestry Initiative or the Sustainable Forestry Council.

Packaging Sustainability

EARTH AND ARBOR DAY 2015In 2015, Perrigo held an Earth Day

competition amongst all its global sites with the theme, “Enriching those around us.” To enter, a Perrigo employee had to partner with a child on an Earth Day-focused project, such as recycling or beautifying a park. Participants had to submit a summary of what was learned, and the top team from each age group was awarded a gift card. In addition to the corporate contest, many other sites also planned their own activities to celebrate the day.

PERRIGO HOLLAND (PMH)In addition to the corporate Earth Day

2015 event, the Holland, MI Green Team hosted a free e-waste and metal collection service. In just a few short hours, they collected over 2,240 pounds in e-waste from employees, including more than 1,100 pounds in old televisions.

During Arbor Day, the Holland Green Team handed out over 300 native conifer saplings to employees who wanted to plant a tree when they got home. Their green efforts were extended to the summer, when the team took an hour from their normal meeting time to clean up litter around the property and adjoining areas.

PERRIGO MINNESOTA (PMN)In addition to corporate events, the

Perrigo Minnesota Green Team partnered with various organizations to host a drive

to collect old shoes, clothing, eyewear and cell phones. In addition, the Green Team handed out milkweed seed packets to employees, to help protect the dwindling monarch butterfly population, whose larvae depends on the plant.

In 2015, the Minnesota Green Team also introduced Perrigo’s first community garden, completely managed by volunteer Perrigo employees.

PERRIGO SOUTH CAROLINA (PSC)In June 2015, Perrigo South Carolina

(PSC) was one of 47 companies recognized by the Renewable Water Resources (ReWa) with the Compliance Excellency Award for environmental stewardship. This plaque was provided to companies making an effort for a cleaner environment and making every effort to ensure compliance.

PERRIGO INDIA (PIN)Perrigo India (PIN) advanced our efforts

to support the environment by planting and maintaining 243 trees in a 5,993-square-meter “Green Zone,” as well as reusing 40 cubic meter/day of treated waste water for the boilers and cooling towers.

In June 2015, PIN celebrated World Environment Day and its theme of “Seven Billion Dreams. One Planet. Consume with Care.” The event kicked off with inspiring words from PIN leadership on consuming less water, energy and food. Environmental films were on display throughout the day,

such as “Reducing Waste at the Work Place,” and a banner portraying the theme was displayed at the factory gate. In addition, environmental quizzes and talk contests were done, along with tree planting by several Perrigo employees.

CONTROLLING AIR EMISSIONS IN PERRIGO ISRAEL (PIL)

In February 2015, the leaders of Perrigo Israel (PIL) broke ground on a new state of the art Integrated Air Emissions Treatment Center installed in Neot Hovav, Israel, which promises to reduce air emissions significantly in the region. Representatives from the Ministry of Environmental Protection, as well as the Head of the Local Industrial Council, were there with top PIL leadership to cut the ribbon.

CREATIVITY BEFORE [NATURAL] CAPITAL

In order to reduce heat in their warehouse, Perrigo Australia (PAU) avoided adding costly, heavy energy-using air conditioners by painting their roof with a white, solar reflective paint. The polyurethane coating reflects the sunlight and reduces the amount of heat that is absorbed by the roof and transferred into the building. Initial surface temperature data shows a temperature reduction of up to 25.8ºC (46.4ºF)!

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Employees and Perrigo Culture

Whether it’s through our safe workplaces or wellness initiatives, the culture of Perrigo has always been to care for employees and encourage them to look out for each other. With more than 13,000 people now employed at Perrigo, and operations in 39 countries, maintaining a supportive culture has become more important than ever. Whether this support is provided through competitive benefits packages, development opportunities, inclusion and appreciation of differences, or being good corporate citizens, Perrigo both wants to be seen as the employer of choice, as well as a place where our employees are proud to work.

As such, Perrigo offers a number of competitive benefits and incentives. In addition to what is included in this report, also see perrigocareers.com for additional information.

People

11People | Employee Health and Wellbeing

FIT FOR LIFEIn 2015, the fit for life wellness program

produced another strong year. In addition to the 5,294 wellness screenings conducted in 2015 on employees and their spouses, the Perrigo Wellness Center (PWC), Perrigo Michigan’s state-of-the-art workout center free to employees, also saw an average use of 438 unique employees every month, and offered 1,049 different group fitness classes throughout the year, which include everything from yoga classes to healthy eating seminars.

In December 2015, Perrigo announced a new program to employees, called HEALTHYyou, which will replace the fit for life program. HEALTHYyou is a holistic approach to wellness, focusing on financial, physical and emotional well-being. In addition, HEALTHyou will be more scalable to Perrigo’s growing global footprint, while offering more resources to assist employees with their wellness journey. Results of year one of HEALTHYyou will be seen in next year’s CSR report.

Employee Wellness around the Perrigo World

CELEBRATING HEALTHY WEEK IN PERRIGO MEXICO (PMX)In August and September 2015, the employees of Perrigo Mexico (PMX) pulled

out all the stops to celebrate Healthy Week. Incorporating a superheroes theme, Healthy Week focused on the review and assessment of employee health and wellbeing. Activities included health screenings, education and activities for both employees and their children, as well as a 1K run for children and 5K race for adults, with over 579 participants!

WELLNESS IN PERRIGO INDIA (PIN)Perrigo India focused on supporting the health

of its employees and community members through activities. A blood donation camp collected life-saving blood from 69 employees. More than 150 employees took advantage of a program that offered eye exams and Hepatitis vaccinations. These activities were in addition to programs focused on diet, nutrition and heart disease. RUNNING EVENTS AND SPONSORSHIPS

Double benefits were offered through Perrigo Company Charitable Foundation sponsorship of, and employee participation in, numerous walks and runs throughout the year, such as the 2015 North Devon Marathon. Perrigo employees are encouraged to participate in these events and receive wellness program credit that can be used toward prizes and healthcare discounts.

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Occupational Health and SafetyFOCUSING ON PREVENTION AND RESPONSE

2015 was a record year for employee safety, with a Total Recordable Rate (TRR) of 1.43 across all of global Perrigo. This is down 22% over the previous year, and is a new historic low for the company. In particular, Perrigo’s Allegan operations, the company’s largest site, saw its OSHA total recordable rate drop from 2.3 in 2014, to 1.6 in 2015, a 30% year-over-year improvement and significantly lower than the pharmaceutical industry average TRR of 1.9.

Much of the reason for the dramatic

reduction was due to a new and intense emphasis on “near miss” reporting. Near miss cases are when an incident occurs yet no injuries result. This helps the facility identify unsafe behaviors and conditions, and address them before an accident resulting in injury occurs. Strongly supported at the highest level of leadership, the manufacturing operations have also extended this approach to report situations in which unsafe conditions and/or behaviors are present that could potentially result in incidents. The results include better hazard recognition and a stronger safety culture

across the corporation and beyond. Perrigo India once again deserves

recognition for its efforts. For the second year in a row, PIN achieved the Safety Award from the Maharashtra chapter of the National Safety Culture for “Meritorious Performance in Industrial Safety”. This award recognizes PIN’s ongoing focus on safety and maintaining a culture that supports employee well-being.

In 2015, Perrigo received no Health and Safety fines or violations.

Gensuite – Enabling Proactivity and TransparencySince the launch of the Gensuite Environmental Health and Safety system over two years ago, the value of the information being generated

continues to improve. We can now better analyze incidents that occur, allowing us to be even more transparent and proactive. These tools give Perrigo the ability to engage our workforce, from top leadership to the hourly associate, in pursuit of our ultimate goal of zero accidents and injuries. The continued implementation of Gensuite applications will further enhance our ability to reduce our operational impact to the environment and protect our employees. It must also be noted that this success could not have been achieved without the collaboration and support across all of Perrigo’s sites.

People | Employee Health and Wellbeing

TOTAL RECORDABLE INJURY RATE (GLOBAL)

2008 2009 2010 2011 2012 2013 2014 2015

2.5

2

1.5

1

0.5

0

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Talent,Diversity &

Compliance

People | Employee Health and Wellbeing

As shown in each of Perrigo’s employee opinion surveys, the health, success and engagement of our employees is a top priority for Perrigo. Our people – now more than 13,000* strong – remain one of Perrigo’s formal strategic pillars, and a critical attribute for the company’s success.

DIVERSITY AND INCLUSIONPerrigo is committed to promoting

diversity in all aspects of our business. This commitment is not only by gender, but by thought, experience and perspective. We believe that delivering on our promises to key stakeholders is best supported when our employee base reflects the diversity of our customer and consumer base.

In 2013, Perrigo was named a 2020 Women on Boards Company, which recognizes companies that have 20% or more of their board seats held by women, and in 2015, the board continues to be comprised of more than 25% women.

In 2015, 44% of Perrigo’s total global population was female, while approximately 39% of employees were employed outside of the U.S.†

Perrigo continues to perform a variety of activities to encourage and promote diversity, including but not limited to:

• Conducting quarterly networking forums in Perrigo Michigan, on such topics as unconscious bias and veteran education and skill equivalencies.

• Providing opportunities for employees to learn various languages, including Spanish and Hebrew.

• Being an active member of the West Michigan Hispanic Chamber of Commerce

• Assembling a formal diversity steering team to review strategy and performance at the corporate level

• Heavy participation in events to promote STEM careers for young women, including mentorship and financial sponsorship

A special celebration was held in Perrigo India for 2015 International Women’s Day, in March. The theme of the celebration this year was “Empowering Women…Empowering Humanity.” Various activities

took place during this day, including training programs for empowering women, such as self-defense techniques, and health and stress management. Female employees dressed in bright purple to symbolize Justice and Dignity - two values strongly associated with women’s equality. Currently, 12% of the workforce in Perrigo India is comprised of women located across various functions. The event was designed to celebrate the hard work of our Perrigo India female employees, appreciate their achievements, and encourage greater gender equality as part of our corporate social responsibility.

† Excludes Branded Consumer Healthcare (Omega Pharma) employees.

56% 44%

*Includes more than 2,500 employees welcomed to the company after the 2015 acquisition of Omega Pharma NV, which now operates as Perrigo Branded Consumer Healthcare. The 2017 report will highlight this group’s CSR achievements.

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In an ongoing effort to uphold our reputation as a desirable place to work for military veterans, several activities and initiatives were conducted during 2015, such as U.S. Veteran’s Day celebrations in Allegan that included a flag raising ceremony conducted by Perrigo employee veterans, an open house sponsored by the Veteran Corporate Steering team, and a video honoring those veterans that work at Perrigo.

People | Employee Health and Wellbeing

Veteran Recognition

In addition to the formal Learning Management System (LMS), Global Performance Management Systems (Success Factors), and many in-person and Web-based training offerings, mentioned in previous reports, Perrigo also employs formal programs to support employee and leadership development. Programs focused on leadership development include:

• Emerging Leaders Training (ELT) – designed to assist employees in making the transition from subject matter expert to leader, from being

responsive to responsible, and in taking initiative in idea generation, innovation, and problem solving

• Supervisor Development Program (SDP) – designed to equip frontline leaders to effectively handle the situations they face every day—setting goals, assigning work, giving praise, and resolving performance problems.

• Leadership in Action (LIA) – designed to arm Managers and above with the tools necessary to increase

their effectiveness while reducing their learning curve, positioning them to support and drive the strategic tenants crucial for long term Perrigo success.

In 2015, over 20% of the participants in LIA and over 7% of participants in ELT received promotions.

Investing in Future Leaders

15People | Employee Health and Wellbeing

TALENT MANAGEMENT AND DEVELOPMENT

Perrigo believes in providing employees with a range of opportunities to enhance current skills and build new capabilities. This focus on talent development strengthens our talent pipeline and business strategy. Perrigo remains committed to promoting from within first, as well as, encouraging cross functional training and job shadowing opportunities. In 2015, approximately 56% of open positions were filled with existing Perrigo employees.

CORPORATE COMPLIANCE AND GOVERNANCE

During a hostile take-over attempt by another company in 2015, Corporate Governance became front and center as a key topic and a significant reason why shareholders supported Perrigo’s standalone operation.

As documented in our Code of Conduct, Integrity, Respect and Responsibility continue to guide us as our core values. In 2015, Perrigo leadership, guided by the Corporate Compliance and Privacy team, continued to provide a foundation to ensure our core values can and will be followed by all employees globally.

Last year, Perrigo was once again nominated by the Corporate Secretary as the Best Compliance and Ethics Program (Large Cap). In addition, Perrigo’s Code of Conduct was rolled out to the newly-acquired Branded Consumer Healthcare (Omega Pharma) sites, and followed up with extensive in person training and orientation to the Code.

HUMAN RIGHTS AND ETHICS IN THE SUPPLY CHAIN

Respecting the human rights of our employees is a core value and one that we expect our business partners to share. As articulated in Perrigo’s Supplier Code of Conduct, Perrigo is committed to doing business with ethical companies. This means, ensuring that all products manufactured or services conducted on behalf of Perrigo are done so in a manner that does not violate any law, risk the health or wellbeing of the person involved, or violate, whether direct or indirect, any human rights. This commitment includes, but is not limited to:

• Ensuring safe working conditions for all factories involved with Perrigo production

• Prohibiting the use of any child or forced labor

• Seeking to eliminate discrimination and exploitation of all forms from the supply chain

• Strict adherence to local labor, safety and environmental laws and regulations

• Protecting Perrigo and customer brand reputation

To support this commitment, Perrigo annually conducts over 100 supplier audits. These audits are part of Perrigo’s broader Ethical and Social Compliance program, which focuses on the prequalification, monitoring, correction and enforcement of suppliers and third parties in high risk countries. Perrigo maintains dedicated teams to support this strategy, and work with suppliers to remediate where appropriate.

During the week of November 1-7, the company observed and celebrated Corporate Compliance and Ethics Week globally. With numerous activities from quizzes to contests, the purpose of this initiative was to have a fun way to increase awareness and engagement of our compliance program, as well as the resources available to employees.

Corporate Compliance Week

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Community and Philanthropy

By way of both the Perrigo Company Charitable Foundation, as well as sponsored volunteer efforts by the company and our employees, Perrigo is committed to supporting and enhancing the communities in which we operate. In addition to the money donated by the Foundation, employees exhibited their passion for community service through donations of time and money to a wide variety of causes, notably around education, healthcare, and educating youth on topics such as science, technology, engineering and math (STEM).

This report captures only a few of the volunteer and giving initiatives done by the Foundation or our employees throughout 2015.

People

17People | Community and Philanthropy

The final days leading up to the expiration of the take-over attempt by another company generated a heightened level of anxiety for Perrigo employees. In an unprecedented and touching show of support, eight West Michigan organizations came together to develop and sponsor a billboard and social media campaign – dubbed “Perrigo Pride” – to support our employees. The organizations joined together to fund several billboard displays along the three main routes in and out of the Allegan, MI locations, as well as an extensive social media campaign centered on the “heart on hand” image and the hashtag #perrigopride. The campaign generated a projected reach of nearly 305,000 mentions, including more than 1,250 social media posts.

This campaign boosted morale for Perrigo employees at a crucial time and served as a humbling reminder of the impact Perrigo has on its surrounding communities. None felt this more so than CEO John Hendrickson, who was both moved by the sign of support, and even more resolute that business can be a force for good, not just profit.

Perrigo Pride

18 People | Community and Philanthropy

The Perrigo FoundationThe Perrigo Company Charitable

Foundation is a private, non-profit organization wholly funded by Perrigo Company plc. The Foundation’s mission is to provide financial support to nonprofit organizations that enhance the health, well-being and education of individuals and families in communities that Perrigo serves. Established in August 2000 as the philanthropic arm of the company, the Foundation supports non-profit organizations that impact healthcare and education projects and programs, in addition to providing scholarship programs for local schools and the children of our employees.

For more information, see http://www.perrigo.com/about/perrigo-foundation.aspx.

In fiscal year 2015, the Foundation donated $3.72 million dollars, which represents a 23% increase from the 2.85

million donated in 2014.While numerous organizations received

foundation funding in FY15, some of the larger organizations or initiatives receiving Foundation funding included:

• Scholarship programs – Employee dependent: $305,000– Children of fallen/disabled service

men/women (Folds of Honor): $200,000

– Local school districts: $25,000• Benjamin’s Hope – Center of

excellence construction and training workshop: $200,000

• Allegan General Hospital – Upgrades to endoscopy suite and children’s health outreach: $103,000

• Stop Colon Cancer – education on early screening and prevention: $100,000

• Autism speaks – support resources and family service programs $94,000

• Kid’s food basket – meals for under-privileged youth: $55,000

• Safe Harbor Children’s Advocacy Center – child friendly equipment for medical exams: $30,000

• MS of Ireland to support activity based therapy of MS patients: $23,000

LEVERAGING CORE TALENTSPerrigo understands the importance of investing in the

education of tomorrow’s leaders, specifically in the areas of science, technology, engineering and math (STEM). STEM disciplines are a critical area of focus because they have direct implications for workforce development and future economic prosperity. In an effort to encourage children’s interest in STEM disciplines, Perrigo employees routinely volunteer their time at events promoting STEM education.

Efforts included our IT professionals setting up computers for St. John’s Home, female engineers mentoring girls interested in STEM, and participating in events focused on engineering where students have the opportunity to work side-by-side with real scientists to conduct experiments. Through these events, our employees have opportunities to share their talents and help children experience some of the fun aspects of STEM learning.

Volunteerism and Employee Activism

19People | Community and Philanthropy

Perrigo recently partnered with the Grand Rapids Drive (a West Michigan semi-professional basketball team) to raise awareness and funds for D.A. Blodgett - St. John’s (DABSJ), a local non-profit agency devoted to providing comprehensive services to children and families, including adoption, foster care, family support and mentors.

Perrigo, the Grand Rapids Drive and D.A. Blodgett - St. John’s partnered with The Score Restaurant & Sports Bar in Grand Rapids on December 8 in a fundraising event for DABSJ. Following this event, the Grand Rapids Drive and Perrigo raised additional funds during a December Grand Rapids Drive game.

Honoring K-9 PoliceOfficers

Thousands of law enforcement K-9 dogs put their lives on the line every day side-by-side with their human partners. Whether used to neutralize violent criminals, sniff out illegal or explosive materials or search for survivors of natural disasters, they are often the first officer to enter a dangerous situation.

To honor this important partnership, in 2015 Perrigo Animal Health, the manufacturer of PetAmor® brand products, encouraged Americans to show their appreciation by declaring the week of April 20 as “National Thank a Police Dog Week.” People sent thanks to a K-9 officer and their human counterpart by visiting petarmor.com/thankapolicedog.

Perrigo and the Grand Rapids Drive SupportsD.A. Blodgett – St. John’s Once again, Perrigo partnered with the Society for Women’s

Engineers to help sponsor the 2015 Corporate Engineering Challenge, which focuses on inspiring girls and young people to take interest in STEM careers. In addition to sponsorship and mentorship, Perrigo’s booth demonstrated the pharmaceutical manufacturing process in action, by allowing students to make mock “tablets” on portable equipment.

The 2015 CorporateEngineering Challenge

Aspiring female engineers press powder into tablets at the Perrigo station for the 2015 Corporate Engineering Challenge, hosted by SWE and the Kalamazoo Air Zoo.

Career QuestIn May 2015, Perrigo volunteered for the Michigan Works!

Career Quest initiative in Grand Rapids, demonstrating pharmaceutical manufacturing processes and equipment to children K through 12, as well as educating parents and teachers on how medicines are made.

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The Right Company, in the Right Place, at the Right Time

Calendar year 2015 was another landmark year for Perrigo, with record sales and financial performance. Perrigo’s total sales for 2015 were $5.35 Billion, a 28% increase from 2014 revenue of $4.17 Billion. For more details on financial data, please see the Annual Financial Report at perrigo.com/about/AnnualReport2015.pdf

Please note: The Company has changed its fiscal year end from June to December 31. Reporting in this section reflects this calendar year realignment.

FinancialPerformance

21Financial Performance | Sales and Financials

Dec 27, 2014 Dec 31, 2015 % Change Dec 27, 2014 Dec 31, 2015 % Change

Net Sales $ 4,171.6 $ 5,350.3 28% $ 4,171.6 $ 5,350.3 28% Operating Income $ 622.3 $ 520.7 -16% $ 1,129.2 $ 1,460.9 29% Net Income (Loss) $ 346.3 $ (32.8) NM $ 842.7 $ 1,088.6 29% Diluted Earnings (Loss) per Share $ 2.57 $ (0.23) NM $ 6.27 $ 7.59 21% Weighted Avg Diluted Shares Outstanding 135.0 144.6 7% 134.4 143.4 7%

Calendar Year Ended Calendar Year Ended

Financial Results - Reported (GAAP)in millions, except per share amounts

Financial Results - Adjusted (Non-GAAP)1

in millions, except per share amounts

$4,171.6(2014)

$5,350.3(2015)

Net Sales

$1,129.2(2014)

$1,460.9(2015)

Adjusted Operating Income1 (in millions)

$842.7(2014)

$1,088.6(2015)

Adjusted Net Income1 (in millions)

$7.59(2015)

$6.27(2014)

Adjusted Diluted EPS1

2014 2015

134.4

143.4

Adjusted Weighted AverageDiluted Shares Outstanding1

(in millions)

1 See page 22 for a reconciliation of Adjusted (Non-GAAP) to Reported (GAAP). We exclude certain items when monitoring and evaluating Perrigo Company plc’s ongoing financial results because we believe this provides important insight into the Company’s ongoing core business operations on a normalized basis.

22 Financial Performance | Sales and FinancialsTABLE I

PERRIGO COMPANY PLCRECONCILIATION OF NON-GAAP MEASURESSELECTED CONSOLIDATED INFORMATION

(in millions, except per share amounts)(unaudited)

Twelve Months Ended December 31, 2015

Operating Income Net Income (Loss)Diluted Earnings(Loss) per Share

Reported $ 520.7 $ (32.8) $ (0.23)Adjustments:

Amortization expense related to acquired intangible assets $ 524.1 $ 524.1 $ 3.65Losses from derivatives associated primarily with the Omega acquisition — 268.5 1.87Impairment charges 216.0 239.4 1.67Legal and consulting fees related to Mylan defense 100.3 100.3 0.70Acquisition and integration-related charges 35.2 35.2 0.25Restructuring charges 27.8 27.8 0.19Omega financing fees and loss on early debt extinguishment — 20.5 0.14Amortization of inventory and fixed asset fair value adjustments related to acquisitions 18.5 18.5 0.13Initial payment made in connection with an R&D arrangement 18.0 18.0 0.13Losses from equity method investments — 6.6 0.05Increase in litigation accrual 0.3 0.3 —Tax effect of adjustments — (137.8) (0.96)

Adjusted $ 1,460.9 $ 1,088.6 $ 7.59

Diluted weighted average shares outstandingReported 144.6

Weighted-average effect from December 28, 2014 to March 29, 2015 of 6.8 million shares issued on November 26,2014 to finance the Omega acquisition, which closed on March 30, 2015. In addition, effect of dilution as reported

amount was a loss, while adjusted amount was income*. (1.2)Adjusted 143.4

*In the period of a net loss, diluted shares outstanding equal basic shares outstanding.

Twelve Months Ended December 27, 2014

Operating Income Net IncomeDiluted Earnings

per ShareReported $ 622.3 $ 346.3 $ 2.57Adjustments:

Amortization expense related to acquired intangible assets $ 421.4 $ 421.4 $ 3.14Loss on derivatives associated with Omega acquisition — 64.7 0.48Restructuring charges 35.0 35.0 0.26Acquisition and integration-related charges 22.7 22.7 0.17Litigation settlement and loss contingency accrual 17.8 17.8 0.13Omega financing fees and loss on early debt extinguishment — 14.6 0.11Losses from equity method investments — 11.5 0.09Loss on sale of investments — 12.7 0.09R&D payment made in connection with a collaborative agreement 10.0 10.0 0.07Transfer of a rights agreement — (12.5) (0.09)Tax effect of adjustments — (101.5) (0.75)

Adjusted $ 1,129.2 $ 842.7 $ 6.27

Diluted weighted average shares outstandingReported 135.0

Weighted-average effect from November 26, 2014 to December 27, 2014 of 6.8 million shares issued on November 26,2014 to finance the Omega acquisition, which closed on March 30, 2015. (0.6)

Adjusted 134.4

Reconciliation of Non-GAAP MeasuresSelected Consolidated Information

(in millions, except per share amounts)(unaudited)

23Financial Performance | Sales and Financials

2015 Important Acheivements• Over 160 new products were introduced in 2015

• Closed the acquisition of Omega Pharma (Branded Consumer Healthcare Segment), which now provides us access to the >$30 billion European OTC market

Rx20%

Analgesics8%

SmokingCessation

6%

Cough, ColdAllergy, Sinus10%

Gastrointestinal8%

Other7%

InfantNutrition

8%

BrandedConsumer Healtcare24%

Animal Health2%

Specialty Sciences6%

API/Other 2%

2015 Consolidated Net Sales by Category*

*% based on stub period of June 28, 2015 – December 31, 2015, Excludes VMS results

24

Helping consumers access safe, effective and affordable healthcare productsPerrigo is committed to helping consumers manage their healthcare needs while also managing their costs. To help us meet our commitment, we invest in robust quality systems that enable us to manufacture high-quality products while keeping our production costs low.

Strong Corporate Governance Perrigo’s Legal and Compliance organization has created a multi-faceted Corporate Governance program that ensures global training, leadership-level and corporate-driven guidance, and local support. Their efforts have been instrumental in enabling Perrigo’s growth strategy and our ability to navigate the complexities of a dynamic global business landscape and all the challenges that landscape presents.

Complying with regulatory and legal requirements Our company is subject to numerous laws and regulations across the globe that govern everything from the way we manufacture our products to the work environment we provide our employees. In addition, the way we do business is guided by our code of ethics and corporate values, and monitored through our compliance program.

Demonstrating environmental stewardship We adhere to good manufacturing practices while keeping a close eye on our environmental impact. We have programs in place to monitor and conserve energy use, reduce waste from operations and offices, increase our recycling efforts and monitor water consumption.

Continuously improving packaging sustainability Perrigo considers environmental impact when designing and selecting materials for our packaging. More and more, companies are being asked by customers and consumers to distribute products in more ecofriendly packaging.

Protecting human rights of our global employees and challenging our partners to do the same Respecting the human rights of our employees is a core value and one that we expect our business partners to share. This includes fostering an environment where employees can contribute their ideas, ask questions, raise concerns and be respected for their abilities.

Providing a safe and healthy work environment for our employees Perrigo is committed to fostering an environment that supports employee productivity and protects them on the job. We have a strong culture of safety in all of our operations, and we provide benefits and programs that encourage health and wellness amongst all of our employees.

Establishing effective community partnershipsWe impact the communities in which we operate in many ways, through our charitable donations, volunteering and support of local businesses.

North American Base of Operations515 Eastern AvenueAllegan, Michigan 49010(269) 673-8451

Perrigo CSR Commitments

Corporate HeadquartersTreasury BuildingLower Grand Canal StreetDublin 2, Irelandperrigo.com