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DERMIRA | Skin Science Re-envisioned, Re-examined, and Re-imagined CORPORATE PRESENTATION JUNE 2017 Jefferies Annual Healthcare Conference - June 2017 Skin Science Re-envisioned, Re-examined, and Re-imagined Corporate Presentation

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DERMIRA |

Skin Science Re-envisioned, Re-examined, and Re-imagined

CORPORATE PRESENTATION – JUNE 2017

Jefferies Annual Healthcare Conference - June 2017

Skin Science Re-envisioned, Re-examined, and Re-imagined

Corporate Presentation

Forward-looking Statements

CORPORATE PRESENTATION - JUNE 2017

This presentation contains "forward-looking" statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our business strategy, objectives and opportunities; market sizes and potential market growth opportunities; future business and product development, clinical and regulatory plans and anticipated timing with respect to such plans; product goals, attributes and performance; the successful completion of, and timing expectations for the receipt and announcement of topline efficacy and safety data from, our clinical trials; and our 2017 financial guidance. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements, including, but not limited to, those related to the successful development, regulatory approval and commercialization of our product candidates; the costs of our development programs; our ability to obtain necessary additional capital; the design, implementation and outcomes of our clinical trials, including related to further analysis of the results of our studies; the outcomes of meetings with regulatory agencies; our dependence on third-party clinical research organizations, manufacturers and suppliers; market acceptance of our potential products; our ability to develop and maintain collaborations and license products and intellectual property; the impact of competitive products and therapies including generics and biosimilars; our ability to manage the growth and complexity of our organization; our ability to maintain, protect and enhance our intellectual property; and our ability to continue to stay in compliance with applicable laws and regulations. You should refer to the section entitled “Risk Factors” set forth in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings we make with the Securities and Exchange Commission (SEC) from time to time for a discussion of important factors that may cause our actual results to differ materially from those expressed or implied by our forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of this presentation except as may be required by law.

This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Projections, assumptions and estimates of the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. The trademarks included herein are the property of the owners thereof and are used for reference purposes only.

We use our website (www.dermira.com) and LinkedIn page (www.linkedin.com/company/dermira-inc-) as channels of distribution of information about our company, product candidates, planned announcements, attendance at upcoming conferences and other matters. Such information may be deemed material information and we may use these channels to comply with our disclosure obligations under Regulation FD. Therefore, investors should monitor our website and our LinkedIn page in addition to following our SEC filings, press releases, public conference calls and webcasts.

2

Large, growing, underserved

specialty market with

significant unmet needs

CORPORATE PRESENTATION - JUNE 2017

Unique OpportunityBuilding the leading innovator in an evolving dermatology landscape

Scientific advances creating

opportunity for innovative, new

treatment approaches

Value creation

via efficient development

and commercialization

Consolidating segment

with few companies

focused on true innovationBringing biopharma

innovation to skin disease

3

Dermira Highlights

• To improve the lives of patients with dermatologic diseasesMISSION

CORPORATE PRESENTATION - JUNE 2017

Uniquely positioned to build leading innovator in dermatology

• To bring biotech ingenuity to medical dermatology by delivering

differentiated, new therapies to the millions of patients living with chronic

skin conditionsSTRATEGY

• Key management behind past dermatology successes

• Innovative, late-stage portfolio

• Strong balance sheet

STRENGTHS

• Glycopyrronium tosylate (formerly DRM04) for hyperhidrosis (positive

Phase 3 data):

• Topical anticholinergic for large, underserved population

• Cimzia for psoriasis (positive Phase 3 data):

• TNF inhibitor with unique molecular structure for $5.2B psoriasis market1

• Olumacostat glasaretil (formerly DRM01) for acne (in Phase 3):

• Topical ACC inhibitor targeting sebum production for $4.2B market2

3 PROGRAMS

WITH POSITIVE

CONTROLLED

CLINICAL DATA

1. Decision Resources, Psoriasis, Definition and Forecast, December 2015.

2. IMS National Sales Perspectives, 2016.

4

The Next Wave of InnovationThree late-stage programs with positive Phase 2b and/or Phase 3 data

Program, Indication Pre-Clinical Phase 1 Phase 2 Phase 3

Glycopyrronium tosylate

(formerly DRM04)

Topical anticholinergic

(hyperhidrosis)

Cimzia

(certolizumab pegol)

Injectable TNF inhibitor

(psoriasis)

Olumacostat glasaretil

(formerly DRM01)

Topical ACC inhibitor targeting

sebum production (acne)

Early Research Programs5

MOA undisclosed

(dermatologic diseases)

CORPORATE PRESENTATION - JUNE 2017

1. Estimate provided as of May 8, 2017. NDA submission is subject to completion of registration-enabling activities.

2. In September 2016, Dermira granted Maruho Co., Ltd. an exclusive license to develop and commercialize glycopyrronium tosylate for hyperhidrosis in Japan.

3. Estimate provided as of May 8, 2017. sBLA to be submitted by UCB as a supplement to the existing Cimzia BLA.

4. Estimate provided as of May 8, 2017.

5. In August 2016, Dermira entered into an exclusive option and license agreement with Takeda Pharmaceutical Company pursuant to which it acquired an option to license exclusive worldwide rights for up to three early-stage programs as

potential topical treatment options for dermatologic diseases.

Next Anticipated

MilestoneCommercial

Rights

Submit NDA

H2 20171

WW rights

ex-Japan2

Submit sBLA

Q3 20173

Dermatology

rights in U.S.

and Canada

Topline P3 data

H1 20184 WW rights

Candidate

selection

and opt-in

WW rights

upon opt-in

5

Hyperhidrosis & Glycopyrronium Tosylate

Hyperhidrosis: At-a-glanceHigh prevalence, negative impact, high demand

Patient with axillary hyperhidrosis

o Hyperhidrosis is excessive sweating beyond what is

physiologically required to maintain normal thermal regulation

• ~75% of U.S. hyperhidrosis sufferers say that excessive

sweating negatively impacts social life, sense of wellbeing,

emotional health and mental health1

CORPORATE PRESENTATION - JUNE 2017

1. Doolittle et. al., Hyperhidrosis: an update on prevalence and severity in the United States. Arch. Archives Dermatol Res 308:743-749, 2016.

o 4.8% of U.S. population (~15M people) estimated to have

hyperhidrosis1

• Condition impacts men and women; onset typically occurs

under the age of 20 years1

• 70% (~11M) have severe excessive sweating in at least one

body area1

• 65% (~10M) have axillary (underarm) disease1

• ~34% (~5M) have severe axillary disease that is barely

tolerable and frequently interferes or is intolerable and always

interferes with daily activities1

o “More than half of [hyperhidrosis sufferers] are desperate

enough to indicate they would pay anything for a

treatment to stop the sweating.”1

7

Glycopyrronium tosylate (GT): Topical Hyperhidrosis TherapyInhibits sweat gland activation by blocking acetylcholine receptor

o GT designed to block sweat production

• Acts as cholinergic receptor antagonist

• Inhibits interaction between acetylcholine and cholinergic receptors responsible for sweat gland activation

• Proprietary, topical formulation of novel form of anticholinergic approved for systemic administration in other indications

CORPORATE PRESENTATION - JUNE 2017

Illustration by Matt Squillante

8

GT: ATMOS-1&2, ARIDO Phase 3 Trials CompletedData to support NDA 2H171

Two randomized, double-blind, vehicle-controlled trials

o 697 adult and adolescent (9+ years) patients with primary axillary hyperhidrosis

o Co-primary efficacy endpoints (week 4)

• ≥4-point improvement in 11-point ASDD2

• Average absolute change from baseline in gravimetrically-measured sweat production

o Secondary endpoints (week 4)

• ≥2-grade improvement in 4-point HDSS2

• ≥50% reduction in gravimetrically-measured sweat production2

CORPORATE PRESENTATION - JUNE 2017

1. Estimate provided as of May 8, 2017. NDA submission is subject to completion of registration-enabling activities.

2. As measured by proportion of patients that achieve endpoint.

3. ICH = International Council on Harmonization.

n=344, 353

0

Vehicle, QD

(n=234)

GT, 3.75% concentration, QD

(n=463)

Ra

nd

om

iza

tio

n

AT

MO

S-1

an

d A

TM

OS

-2

Pla

ce

bo

-co

ntr

oll

ed

(2

x)

Screening

Week 48

Open-Label Extension:

ARIDO (n=564)(>80% of ATMOS-1 and ATMOS-2 patients

elected to enroll in ARIDO)

To assess long-term safety to provide safety

data for ≥100 patients on GT for ≥12 months

per ICH guidelines3

2 41 3

9

GT: Positive Topline Phase 3 DataBeneficial effects shown on sweating severity1

CORPORATE PRESENTATION - JUNE 2017

1. Data are presented from intent-to-treat (ITT) population (all randomized patients dispensed study medication) except for ATMOS-1 ITT (Ex-AC) population, which represents results of pre-specified sensitivity analysis that led to exclusion of an

analysis center (AC), consisting of 14 patients (9 and 5 of whom received glycopyrronium tosylate and vehicle only, respectively) with extreme outlier data in gravimetric measurement of sweat. ASDD response rate refers to subjects’ rating the

severity of their sweating on a scale from 0-10 (Item 2 of the ASDD PRO instrument). P-values are an indication of statistical significance reflecting the probability of an observation occurring due to chance alone. P-values of 0.05 or less (denoted

by *) typically represent statistically significant results. P-values shown above represent comparisons to corresponding data observed in patients who received vehicle only.

28.3%

52.8%

26.9%

66.1%

0%

20%

40%

60%

80%

100%

53.2%

72.4%

53.3%

77.3%

0%

20%

40%

60%

80%

100%

-92.2-110.3

-200

-150

-100

-50

0

23.7%

56.5%

27.8%

61.6%

0%

20%

40%

60%

80%

100%

Co-Primary Endpoints:

ASDD Response Rate at Week 4

(% of patients w/ ≥4-point improvement from baseline)

ATMOS-1 (ITT) ATMOS-2 (ITT)

Vehicle GT Vehicle GT

N: 115 229 119 234

p<0.001*

p<0.001*p<0.001*

Change in Sweat Production at Week 4

(average change from baseline, mg per 5 min.)

Secondary Endpoints:

HDSS Response Rate at Week 4

(% of patients w/ ≥2-point improvement from baseline)

p<0.001*p<0.001*

Sweat Production Response Rate at Week 4

(% of patients w/ 50% reduction from baseline)

p<0.001* p<0.001*

ATMOS-1 ATMOS-2 (ITT)

ITT ITT (Ex-AC) Vehicle GT

Veh. GT Veh. GT

N: 115 229 110 220 119 234

-91.9-104.9

p=0.065

-90.6-96.2

p=0.001*

ATMOS-1 (ITT) ATMOS-2 (ITT)

Vehicle GT Vehicle GT

N: 115 229 119 234

ATMOS-1 (ITT) ATMOS-2 (ITT)

Vehicle GT Vehicle GT

N: 115 229 119 234

10

GT: Safety & Tolerability ProfilePhase 3 data show GT generally well tolerated, anticholinergic effects manageable

o Most common AEs in Phase 3 clinical trials

• Dry mouth, application site pain, dilated pupil (mydriasis), headache, sore throat (oropharyngeal pain), upper

respiratory tract infection, blurred vision, urinary hesitation and dry eye

• Dry mouth, dilated pupil, blurred vision, urinary hesitation, dry eye and dry skin are well-known, reversible

side effects of anticholinergic effects

o Low rate of study discontinuation due to AE

CORPORATE PRESENTATION - JUNE 2017

Rate of study discontinuation due to AE

Phase 3 study ATMOS-1 ATMOS-2

GT 3.5% (8/229) 3.8% (9/234)

Vehicle 0.9% (1/115) 0.0% (0/119)

11

Psoriasis & Cimzia

Cimzia: Significant U.S. Market OpportunityLarge, unsatisfied, underpenetrated psoriasis population

o Psoriasis affects ~8.4M people in the United States1

• Chronic disease requiring long-term treatment

• ~20% with moderate-to-severe disease1

o U.S. sales of branded, systemic therapies: $4.6B in 2014 and projected to reach $6.9B by 20242

o Treatment transformed by TNF inhibitors

• Market-leading systemic, biologic treatment

• >15-year safety record as 1st line biologic therapy

o However, market remains underpenetrated

• ~50% of patients remain unsatisfied with current treatments3

• Only 10.4% of moderate-to-severe patients use biologics4

• Cimzia potential advantages may help fill the void

CORPORATE PRESENTATION - JUNE 2017

1. Decision Resources, Psoriasis, Epidemiology, 2016.

2. Decision Resources, Psoriasis, Definition and Forecast, December 2015.

3. Armstrong et al., JAMA 2013, data from 2003-2011, represents percent of moderate-to-severe plaque psoriasis patients.

4. Decision Resources, Pharmacor, Market Forecast Assumptions, December 2015.

13

Cimzia: Marketed, Unique Anti-TNFAttractive foundation for expansion into dermatology

CORPORATE PRESENTATION - JUNE 2017

1. UCB Full Year Report 2016.

2. UCB 2016 Annual Report.

o Pegylated, antibody fragment marketed by UCB

• Molecular characteristics may offer potential efficacy, safety advantages

o Launched in 2008, €1.3B 2016 net sales (+21% y/y)1

• Approved in other large inflammatory indications

• Available in 62 countries, >98,000 patients treated2

o Phase 3 data and molecular characteristics present opportunity for attractive product profile in psoriasis

14

Cimzia: Attractive Partnership with UCB

• Dermira promotes to dermatologists in United States and Canada; UCB retains all other rights

• International co-development partnershipSTRUCTURE

CORPORATE PRESENTATION - JUNE 2017

Leveraging Dermira expertise to bring Cimzia to dermatology

• Dermira receives share of gross margin1 from Cimzia sales attributed to

dermatologists for all indications in United States and Canada

• Dermira share between 90% and, on sales >$150M in any one year, 50%

PROFIT SHARE

• Dermira funds:

‒ Development plan cost up to specified amount between $75-95M

‒ 50% of any additional development plan or pediatric study cost

‒ Dermira internal cost

DEVELOPMENT

UCB

CONTRIBUTION

1. Following approval in psoriasis, profit share is based on gross margin after subtracting cost of certain commercialization support services provided by UCB.

2. EU approval milestone payments are contingent on pricing and reimbursement approvals in certain EU countries.

3. “Non-qualified companies” include any company that (1) is not engaged in the development or commercialization of a pharmaceutical product or does not maintain Dermira as an operating entity with ≥50% of its executive management

team intact for ≥1 y, (2) lacks capital to complete development obligations or does not have ability to raise capital to fulf ill commercial activities and other obligations to UCB, or (3) does not agree to complete development obligations (if

no regulatory approval for Cimzia for psoriasis in United States, Canada or EU at time of acquisition).

• $109.5M in cash and equity investment

‒ Invested $20M in equity

‒ Up to $36M development milestone payments, all earned

‒ Up to $40M commercial + $13.5M EU approval milestone payments2

• UCB may terminate if Dermira is acquired by biologic TNF inhibitor

company or other non-qualified company3CoC PROVISION

15

Cimzia: Phase 3 ProgramPrimary endpoints achieved, sBLA submission planned for Q3 20171

CORPORATE PRESENTATION - JUNE 2017

1. Estimate provided as of May 8, 2017.

2. LD = loading dose of Cimzia: 400 mg at start of treatment (week 0), week 2 and week 4.

n=234, 227Co-Primary Endpoints

(PASI 75, PGA)

0 Week 12 Week 24 Week 48

Placebo

Week 36

LD2 Cimzia200mg q2w

Cimzia 400mg q2w

Ra

nd

om

iza

tio

n

n=559

0 Week 12 Week 24 Week 48

Placebo

Week 36

LD2 Cimzia200mg q2w

Cimzia400mg q2w

Ra

nd

om

iza

tio

n

Enbrel 50mg biw

CIM

PA

SI-

1 a

nd

CIM

PA

SI-

2

Pla

ce

bo

-co

ntr

oll

ed

(2

x)

CIM

PA

CT

Ac

tive-c

on

tro

lle

d

Screening

Screening

Data for sBLA

Primary Endpoint (PASI 75)Data for sBLA

Wash-

out

Maintenance Period

Long-term treatment

Maintenance therapy

Maintenance Period

Long-term treatment

Maintenance therapy

Effect of Cimzia in patients initially treated with Enbrel

Week 144

Week 144

Open-Label

Extension

Open-Label

Extension

16

PASI 75 at w 16

(co-primary endpoint in

CIMPASI-1 and CIMPASI-2 studies)2

PGA at w 16

(co-primary endpoint in

CIMPASI-1 and CIMPASI-2 studies)3

PASI 75 at w 12

(primary endpoint in

CIMPACT study)1

Cimzia: Competitive Profile in PsoriasisPhase 3 data support strong and competitive product profile

CORPORATE PRESENTATION - JUNE 2017

1. The comparison to HUMIRA® is based on cross-study comparison based on published Phase 3 data. In CIMPACT trial, one of secondary endpoints included a comparison of efficacy of CIMZIA to ENBREL® based on PASI 75 response rates at

week 12. At week 12, CIMZIA achieved superiority at 400 mg dose and non-inferiority at 200 mg dose compared to ENBREL.

2. PASI 75 = proportion of treated patients who achieved a 75% improvement in the clinical grading scale called the Psoriasis Area and Severity Index.

3. PGA = proportion of treated patients who achieved a 2-point improvement to a final score representing clear or almost clear skin on a five-point clinical grading scale called the Physician’s Global Assessment.

• Provide a unique, new anti-TNF option to dermatologists with PASI 75 scores

similar to Humira and superior to Enbrel with 400mg q2 week dosing1OBJECTIVE

0%

20%

40%

60%

80%

100%

200 mg q2w 400 mg q2w Placebo 200 mg q2w 400 mg q2w Placebo 200 mg q2w 400 mg q2w Placebo

Res

po

nse

ra

te

Cimzia primary Phase 3 efficacy results

CIMPACT study (n=559) CIMPASI-1 study (n=234) CIMPASI-2 study (n=227)

17

Acne & Olumacostat Glasaretil

Olumacostat glasaretil (OG):Large Market, Significant Unmet Need$4.2B market with limited therapeutic options1

CORPORATE PRESENTATION - JUNE 2017

• One of the most common skin diseases (up to 50M U.S. prevalence)2

• QOL impact estimated to be comparable to that associated with epilepsy, asthma, diabetes or arthritis3

• Acne treatment guidelines recommend targeting multiple pathogenic factors

1. IMS National Sales Perspectives, National Prescription Audit, 2013 U.S. gross sales of prescription acne products.

2. American Academy of Dermatology, Acne, Accessed February 2017.

3. Mallon et al., British Journal of Dermatology, April 1999.

4. Decision Resources, Psoriasis, Definition and Forecast, December 2015.

Product class Sales4 Target Limitations

Topical retinoids $1.0B Follicular hyperkeratinization Skin irritation, moderate efficacy

Topical, oral antimicrobials $2.6B P. acnes, inflammation Bacterial resistance, waning efficacy

Oral isotretinoin $0.6BExcess sebum production,

follicular hyperkeratinizationSignificant systemic toxicity

19

CORPORATE PRESENTATION - JUNE 2017

OG: Novel Molecule with Differentiated MOATargeting ACC, key regulator of sebum production

OG targets sebum production topically

• Prodrug specifically targets acetyl coenzyme-A carboxylase (ACC), key regulator of sebum production

• Sebum production is key aspect of acne pathophysiology not addressed by available topical therapies

• Opportunity to target sebum production with topical therapy and limit systemic toxicity

20

OLUMACOSTAT

GLASARETIL

OG: 420-patient Phase 2b Study CompletedStandard design based on published FDA draft guidance

Randomized, double-blind, vehicle-controlled, dose-ranging trial

o 420 moderate-to-severe adult acne patients1

o FDA-recommended primary efficacy endpoints (week 12)

• Inflammatory lesion count: Absolute change from baseline

• Non-inflammatory lesion count: Absolute change from baseline

• IGA: Proportion of patients achieving ≥2-point improvement

CORPORATE PRESENTATION - JUNE 2017

0 Week 12

Screening

En

d o

f fo

llo

w-u

p

Treatment period

OG (7.5% QD)

OG (7.5% BID)

Vehicle (0% QD)

Vehicle (0% BID)

OG (4.0% QD)

Ran

do

miz

ati

on

1. Principal inclusion criteria: Adults with ≥20 inflammatory lesions, ≥20 non-inflammatory lesions and Investigator’s Global Assessment (IGA) score of 3-4.

21

OG: Positive Topline Phase 2b DataSafety and efficacy support initiation of Phase 3 program

CORPORATE PRESENTATION - JUNE 2017

1. Data represent average changes from baseline. As recommended in published FDA guidance, data are presented from intent-to-treat (ITT) population, defined as all randomized patients dispensed study product. Vehicle group represents all

patients who received vehicle (qd or bid). Missing values handled using Markov Chain Monte Carlo multiple imputation. IGA (Investigator’s Global Assessment) = investigator’s assessment of disease severity based on FDA-recommended 5-point

scale ranging from score of 0, representing clear skin, to 4, representing severe disease. IGA response rate reflects % of patients achieving ≥2-point improvement in IGA score from baseline. P-values are an indication of statistical significance

reflecting the probability of an observation occurring due to chance alone. P-values of 0.05 or less (denoted by *) typically represent statistically significant results. P-values shown above represent comparisons to corresponding lesion count

reductions and IGA response rate observed in the combined vehicle group.

9.8%

21.6%

19.2%

25.9%

0%

10%

20%

30%

40%

50%

Vehicle 4.0% QD 7.5% QD 7.5% BID

-10.7-14.6 -14.5 -15.0

-9.3

-15.3-13.4

-17.5

-35

-30

-25

-20

-15

-10

-5

0

-40.0%

-54.8% -53.3% -55.6%

-28.7%

-42.1%-36.6%

-47.8%

-100%

-80%

-60%

-40%

-20%

0%

Inflammatory Non-inflammatory

Vehicle

4.0%

QD

7.5%

QD

7.5%

BID Vehicle

4.0%

QD

7.5%

QD

7.5%

BID

N: 102 106 110 101 102 106 110 101

26.7 26.3 27.6 27.2 37.5 36.7 35.3 35.1

Changes in Lesion Counts at Week 121

Ab

so

lute

p=0.001*

IGA Response Rate at Week 121

p=0.004*

Perc

en

t

p=0.003*p=0.004*

p<0.001*

p=0.004*p=0.050*

p<0.001*

p=0.002*p=0.004* p<0.001*

p=0.014*p=0.152

p=0.024*

p=0.063

Avg. baseline

lesion count:

22

OG: Safety & Tolerability ProfileWell tolerated with expected, topical side-effect profile

Most common AEs

o Phase 2a study:

• Application-site conditions, frequently observed in clinical trials of topical products

• Upper respiratory tract infections, considered unrelated to treatment

o Phase 2b study1:

• Application-site itching (pruritus)

• Common cold (nasopharyngitis) and upper respiratory tract infection, considered unrelated to

treatment

CORPORATE PRESENTATION - JUNE 2017

1. Represents events across all dose groups treated with OG in safety population (n=316).

23

OG: CLAREOS-1 & 2, CLARITUDEPhase 3 program initiated, topline data expected H1 20181

Two randomized, double-blind, vehicle-controlled trials

o 1,400 adult and adolescent (9+ years) patients with moderate-to-severe acne2

o FDA-recommended co-primary efficacy endpoints (week 12)

• Inflammatory and non-inflammatory lesion counts on the face: Absolute changes from baseline

• IGA: Proportion of patients achieving ≥2-point improvement and a grade of 0 or 1 from baseline

o Secondary endpoints (week 12)

• Inflammatory and non-inflammatory lesion counts on the face: Percentage changes from baseline

• IGA: Proportion of patients achieving ≥2-point improvement from baseline

CORPORATE PRESENTATION - JUNE 2017

1. Estimate provided as of May 8, 2017.

2. Principal inclusion criteria: ≥20 inflammatory lesions, ≥20 non-inflammatory lesions and Investigator’s Global Assessment (IGA) score of 3-4.

3. One trial will allow gel applied to acne-affected areas on the chest, back or shoulders for real-world safety; no efficacy endpoints will be measured on these areas.

Open-Label Extension:

CLARITUDE (n~700)

To assess long-term safety, ≥100 patients on

olumacostat glasaretil for ≥12 months per ICH

guidelines

0 Week 48

OG (5.0% BID)

Week 12

2:1

Ra

nd

om

iza

tio

n

Screening

Vehicle (0% BID)

n~700x2

CL

AR

EO

S-1

an

d C

LA

RE

OS

-2

Pla

ce

bo

-co

ntr

oll

ed

(2

x)3

24

25

Strong Financial Position

CORPORATE PRESENTATION - JUNE 2017

o Total cash

• $433.1 million as of March 31, 20171

o Shares outstanding

• 41.5 million (as of May 1, 2017)

o 2017 financial guidance2:

• Collaboration and license revenue of $4.3M

• $165-175M in operating expenses, including ~$20M in stock-based compensation

• Over $325M in cash and investments at year-end 2017

• Sufficiently capitalized to fund operations into H1 2019

1. Includes cash, cash equivalents and short- and long-term investments. Does not include approximately $278.1 million in net proceeds from May 2017 convertible debt offering.

2. Estimates provided as of May 8, 2017, and does not include approximately $278.1 million in net proceeds from May 2017 convertible debt offering.

• Announce OG Phase 3 topline results1

• Submit Cimzia sBLA1

(Q3)

• Submit GT NDA1,2

Reported topline data for CIMPACT, final Cimzia Phase 3 trial (Q1)

Held FDA pre-NDA meeting for GT (Q1)

Announced initiation of OG Phase 3 Acne Trials (Q1)

Successful Execution & Upcoming Milestones

H12017

H22017

H1

2018

CORPORATE PRESENTATION - JUNE 2017 26

1. Estimates provided as of May 8, 2017.

2. NDA submission is subject to completion of registration-enabling activities.

• Continue to evaluate portfolio expansion opportunities

• Present & publish data from clinical programs

• Commercial/launch readiness preparation

Dermira HighlightsBringing biopharma innovation to skin disease

CORPORATE PRESENTATION - JUNE 2017

• Large, growing, underserved

specialty market with significant

unmet needs

• Value creation via efficient

development and commercialization

• Scientific advances creating

opportunity for innovative, new

treatment approaches

• Consolidating segment with few

companies focused on true

innovation

• Singular focus on dermatology

• Experienced management team

• Focused strategy to identify,

develop and commercialize

innovative, differentiated products

• Three programs with positive

controlled clinical studies

• Strong balance sheet

Unique opportunity in

dermatology

Uniquely positioned to

succeed

27

DERMIRA |

Thank You

Company Contact:

Ian Clements, PhD

[email protected]

CORPORATE PRESENTATION – JUNE 2017

©2017 Dermira, Inc. All rights reserved. “Dermira” is a registered trademark in the United States and other countries. A trademark application for “Dermira” and logo is pending in the United States. All other service marks, trademarks and tradenames appearing in this presentation are the property of their respective owners. Solely for convenience, the trademarks and tradenames referred to in this presentation appear without the ® and ™ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights, or the right of the applicable licensor to these trademarks and tradenames. The information herein is for informational purposes only and represents the current view of Dermira, Inc. as of the date of this presentation (or as of an earlier date if specifically noted).