#1Nestle Good food, Good life CAGNY 2022 Structurally gearing our portfolio for mid single-digit growth François-Xavier Roger EVP, Chief Financial Officer NESPRESSO#2Disclaimer This presentation contains forward looking statements which reflect Management's current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. 2 February 25, 2022 CAGNY Nestle Good food, Good life#3Our business is global, balanced and diversified 2021 sales: CHF 87.1 bn Where we sell AMS 45% EMENA 30% What we sell Beverages (incl. coffee) PetCare Nutrition & Health Science Prepared dishes & cooking aids 27% 18% 15% 14% Milk products & ice cream Confectionery Water AOA 25% 12% 9% 5% Resources Number of employees R&D spend 276 000 CHF 1.7 bn 3 February 25, 2022 CAGNY Factories 354 Nestle Good food, Good life#44 Resilient financial results in 2021 Organic sales growth 3.6% Underlying TOP margin 17.7% 7.5% 17.4% 2020 2021 2020 Return on invested capital 2021 Underlying EPS (in CHF) +5.8% in constant currency 4.21 4.42 2020 2021 Free cash flow (CHF bn) Cash returned to shareholders (CHF bn) 14.7% 14.2% * 10.2 8.7 2020 * Excluding Wyeth impairment February 25, 2022 CAGNY 14.5 13.9 2021 2020 2021 2020 2021 Nestle Good food, Good life#5Portfolio geared for mid single-digit organic sales growth 5 Organic sales growth 7.5%* • Investments in fast-growing categories. and geographies Sustainable mid single-digit (4-6%) • Fast-paced innovation. 3.5% 3.6% • Increased digitalization 3.0% 2.4% • Market share gains • Portfolio rotation 2017 2018 2019 2020 2021 2022 and beyond * Reflects elevated demand related to COVID-19 February 25, 2022 CAGNY Nestle Good food, Good life#6Playing in the fastest growing categories in food and beverage Nestlé presence CAGR 2017-21 #1 or #2 player Top 10 player Meat Substitutes 19.1% Limited presence Meal Kits 18.6% Fresh Coffee Beans 9.8% Edible Oils 9.0% Condensed Milk 8.8% Fresh Ground Coffee Pods 8.0% Energy Drinks 8.0% Cat Food 7.8% Other Savoury Snacks 7.8% Stock Cubes and Powders 7.6% Source: Euromonitor (categories above CHF 4 bn value RSP) 6 February 25, 2022 CAGNY Operating in 7 out of top 10 Nestle Good food, Good life#7Portfolio increasingly focused, premiumized and digital Sales Category Product mix Channel 2012 2021 Coffee 19% PetCare 12% Health Science 2% Coffee 26% PetCare 18% Plant-based Health Science 7 February 25, 2022 CAGNY 1% 6% Premium 11% Premium 35% E-commerce 3% E-commerce 14% Nestle Good food, Good life#8Outperforming in our largest categories and future growth platforms Winning share in our largest categories Building platforms for the future 7.5% 6.8% PetCare 5.1% 4.8% Coffee Market size (retail value) CHF 144 bn CHF 86 bn Organic growth 2017-2021* 5.1% 16.8% 22.6% 21.6% Vitamins, minerals & supplements Meat alternatives CHF 112 bn CHF 5 bn Market Nestlé 8 Source: Euromonitor *Vitamins, minerals & supplements is 2018-2021 and meat alternatives is 2019-2021 to reflect the timing of Nestlé's entrance to the category February 25, 2022 CAGNY Nestle Good food, Good life#9Increasing differentiation across categories, with market share gains Focusing on value-added products V VEGAN Nestle NAN SUPREMEPTO TYDIGESTION 41.5g LIVE LONG ALT 5 HMO 5 HMO COMPLEX essentia % cells gaining/holding 65% share Broad-based market share gains >60% 45% 2017 2018 2019 2020 2021 Increasing focus on differentiation particularly on premium, affordable and functional offerings ~80% of sales where we are the market leader or close follower 9 February 25, 2022 CAGNY Nestle Good food, Good life#10Rapid innovation to better capture consumer trends Premiumization STARBUCKS CHERRY BLOSSOM STRAWBERRY LATTE LIMITED EDITION SOFUERENAY GOURMET REVELATIONS 4x 57g More than 60 fast-track projects leading to launches within 6-12 months in 2021 Affordability MOUSSE WITH CHICKEN Maggi Masala Magic NEW NESCAFE 3661 CREAMY WHITE 15 KES Plant-based food Garden Gourmet VEGGIE Harvest Gourmet 嘉植 素焼茄子 高壬占总|无相因此 Sustainability Nestle L'ATELIER. INCOA FEVES DE CACAO 35% of sales 12.0% organic growth 19% of emerging market sales • 7.7% organic growth • 16.8% organic growth . ~ CHF 800 m sales • 4 brands achieved carbon neutrality in 2021 • • Converted all straws from plastic to paper (4.5 bn annual quantity) • 10 February 25, 2022 CAGNY Digitalization MyMeal Plan Tails .com 14.3% of sales in e- commerce 51% of marketing investment spent online Nestle Good food, Good life#11Stepping up investments behind growth platforms 4.4% Capex as % of sales 5.8% 2017 2018 2019 2020 2021 2022 2023 11 February 25, 2022 CAGNY Short-term increase in capex to meet higher demand NEW Revolutionary Discovery Scoperta Rivoluzionaria Revolutionare Entdeckung NESPRESSO PURINA PRO PLAN® LIVECLEAR Reduces allergens on cat hair' Ridue gli allergani sul pelo del gate STERILISED ADULT 1+ TURKEY YEARS ACC NESPRESSO Nestle Good food, Good life#12Combined with continuous prudent M&A activity Zenpep VITAL PROTEINS aimmune freshly muun THERAPEUTICS FALSE GROVE BLUE BOTTLE ATRIUM SWEET EARTH COFFEE INNOVATIONS Tails .com persona NATURAL FOODS Acquisitions 2017 Divestitures US 100 GRAND Butterfinger CRUNCH Baby Ruth Gerber Life Nestlé Skin Health Dreyer's Herta U.S Ice Cream Confectionery > 85 CHF 6.8 bn + 80 bps VINLUIRE THE BOUNTIFUL COMPANY Poland Spring BORN IN MAINE North America Waters 2021 ~ 30% of Transactions closed or announced since 2017, equivalent to ~20% of Group sales Sales from acquired businesses in 2021* Organic sales growth contribution in 2021* Underlying TOP margin expansion since 2017 * From acquisitions between 2017-2021 12 February 25, 2022 CAGNY Nestle Good food, Good life#1313 Creating significant value for shareholders 3.00 CHF 27 years of dividend increases in CHF 0.00 1995 CHF 102 bn since 2005 2.80 2021 Number of shares outstanding Share buybacks Total shareholder return* 3.9 bn CHF 80 bn since 2005 15-year TSR: 14% CAGR vs. 10% for STOXX F&B Share price 130 2.8 bn 2005 2021 CHF 182 bn returned to shareholders since 2005 CHF 30 2005 * Total Shareholder Returns (TSR): Share price appreciation plus dividend reinvestment. Both Nestlé and peer median STOXX 1800 Global Food and Beverage are calculated in EUR. All data is gross except STOXX 15-year where net data is used as gross values are unavailable. Source Bloomberg Data as of 31.12.2021 February 25, 2022 CAGNY 2021 Nestle Good food, Good life#14Our mid-term value creation model Sustained mid single-digit organic sales growth 14 February 25, 2022 CAGNY Continued moderate underlying trading operating profit margin improvements Continued prudent capital allocation and capital efficiency improvements Value creation for both society and our shareholders Nestle Good food, Good life#15Thank you! 15 February 25, 2022 CAGNY since 1986 Gourmet Garden Veggie Gensations GLORIOUS A LA SIMPLY Nestle Good food, Good life