#1Nestlé investor seminar 2022 Unlocking agility and productivity Laurent Freixe, EVP Zone LATAM#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 This presentation contains certain financial performance measures which are not defined by IFRS. Management believes that these non-IFRS measures provide additional useful information to assess the financial and operational performance of the Group. Such measures may not be comparable to similar measures presented by other companies and are explained and/or reconciled with our IFRS measures (Consolidated Financial Statements) in the Nestlé Group Alternative Performance Measures (APMs) document available on our Investor Website. November 29, 2022 Nestlé investor seminar 2022#3Creating value through TASTY and AGILITY TASTY: SKU, recipe and packaging optimization as well as new technology deployment • CHF 1 bn P&L benefits in 2022 with additional CHF 1 bn in 2023; program to continue beyond 2023 ● 2 Net positive impact on RIG / OG of ~ 20 bps as from 2023 AGILITY: efficiency and effectiveness Enhanced ways of working at the headquarters Increased speed and effectiveness of decision-making November 29, 2022 Nestlé investor seminar 2022#4Achieving efficiencies is core to our virtuous circle of value creation 3 November 29, 2022 4 Delivering profitable growth Environmental 1 Achieving efficiencies Sustainability Economic People and Teams 3 Driving market share gains Social 2 Focusing investments on growth platforms Nestlé investor seminar 2022#5Managing multiple tensions ... 4 Supply chain crisis Labor shortage PITEIS #10 November 29, 2022 Nohteli External context Inflationary pressure Sustainability Geopolitical tensions Energy availability Nestlé investor seminar 2022#6... while becoming more agile, adaptable and productive 5 Market attractiveness Divesting under-performing or non-core businesses US CRUNCH Portfolio evolution Gerber Life Ability to win P Butterger Confectionery Herta Nestlé Skin Health Poland North Spring America Les Waters Dreyers VINCURRE November 29, 2022 STARBUCKS VITAL PROTEINS Mindful Chef persona THE BOUNTIFUL COMPANY muun Acquiring / investing in high-growth and core segments Internal context Organizational change Digital transformation O man an 6210 Nestlé investor seminar 2022#7TASTY: driving productivity, efficiencies and value creation 6 • Drive cost savings Protect margins Unlock growth ● Objectives ● November 29, 2022 Scope Group-wide Optimization of SKUS - Recipes - Packaging Approach • Data-driven ● • Cross-functional Sustainability embedded Governance: led by Nestlé Executive Board ● ● Non-negotiables Quality Safety Regulatory compliance Nestlé investor seminar 2022#8TASTY focuses on SKUs, product recipes and packaging 7 1 SKU stream Grow the head Cut the tail November 29, 2022 2 Recipe & packaging stream Formulation & packaging design Improve growth profile and margin structure via enhanced offering and price points Simplify and harmonize recipes/packaging New technologies Enhance productivity & product quality Fast-track deployment of new technologies Value up Cost savings Nestlé investor seminar 2022#9Achieving CHF 1 bn P&L benefits in 2022 & an additional 1 bn in 2023 8 1 SKU stream Grow the head Cut the tail CHF 300 m November 29, 2022 2 Recipe & packaging stream Formulation & packaging design Improve growth profile and margin structure via enhanced offering and price points Simplify and harmonize recipes/packaging CHF 700 m New technologies Enhance productivity & product quality Fast-track deployment of new technologies = Value up Cost savings CHF 1 bn Nestlé investor seminar 2022#10Expecting positive impact on RIG / OG of 20 bps as from 2023 9 November 29, 2022 SKU optimization, not just rationalization CUT THE TAIL Eliminate Slow rotation, low margin SKUs 34% of SKUs - 1% of sales 2022-2023 + GROW THE HEAD Accelerate Fast rotation, high margin SKUs and innovations 11% of SKUs - 80% of sales 2023-2024 1 Nestlé investor seminar 2022#11Growing the head drives organic growth and gross margin 10 nature RESEARCH RESULTS. PURINA ONE CHICKEN & RICE FORMULA REAL CHICKEN 151 INGREDIENT NATURAL November 29, 2022 HOCFOBIEHE BALANCE ON FILLERS Eary ingredi Accelerate fast-rotation, high margin SKUs FRENCH VANILLA Nestle Coffee mate LAAD & Riche 32 FL NOTIS NESCAFE. CLASSIC The Fullest & B Coffee Flavo ● ● ● ● ● Priority for resource allocation Perfect supply Perfect distribution On-shelf availability Right pricing Right tracking & monitoring 1 Nestlé investor seminar 2022#12Complementing our strategic portfolio management process 11 Strategic portfolio management TASTY November 29, 2022 Cell Sub-cell SKU Mexico NESCAFÉ NESCAFE Dolce Gusto NESCAFE CLÁSICO NESCAFE CLÁSICO NESCAFÉ dolca NESCAFE Taster's Choice RINDE 200 TAZAS NESCAFE CLASICO 1 Nestlé investor seminar 2022#13Optimizing cost, ensuring quality, safety and consumer preference 12 Projects Zone Savings (CHF) November 29, 2022 Coffee New blend Global 50 m NESCAFE CLASSIC PetCare In-sourcing / new formulation North America 30 m PURINA Kit& Kaboodle Indoor NIT WA Dairy New formulation AOA, LATAM 30 m MEGA TIPID PACK NOW Neste TIBAY-RESISTENSYA PetCare New recipe North America 20 m DOG CHOW FATICA DOG CHOW COMPLETE ADULY 5 Do CHOW BOMUS SIZE Health Science Complexity reduction North America 15 m SUNDOWN NATURALS VITAMIN C 1000MG 300/ mald? 2 Nestlé investor seminar 2022#14Contributing to our sustainability agenda 13 GHG reduction via new formulations Savings (CHF) GHG reduction (tonnes) November 29, 2022 Nestle NINHO Forti+ wan INSTANTANEO Nutritivo cibi zin Ferro CD Vitamina Cálcio Zinco Zin De 8 m LACTED COM SERAD DEVE SER USADO PRA ALIMENTAR 175 k LATAM / AOA G Nestle HEAR BRAN FORTIFIED TIBAY-KATAWAK TIENTS TIBAY-RESISTENSYA RETRIENTE 28 m 59 k E NOURISHING ENERGY Nestle MILO MALL ME 5 m 48 k Plastic reduction via packaging optimization Savings (CHF) Before Gerber S United States Virgin plastic reduction (tonnes) Gerber Peas Katera After 6 m 2.3 k Gasber natural for Baby Pea 24 Vittel France Before ~1 m 0.7 k After 2 Nestlé investor seminar 2022#15TASTY generates additional benefits ... SKU optimization 14 Capital efficiency Freshness Capacity release November 29, 2022 Focus behind priorities Packaging optimization Retailer benefits Sustainability Optimized container fill Recipe optimization Optimized Efficient palletization procurement Sustainability Consumer preference Resilience Enhanced technologies IP generation Sustainability Speed to market End-to-End alignment (R&D to operations) Nestlé investor seminar 2022#16... while enhancing ways of working 15 Led and owned by the business Technology powered November 29, 2022 Sense of urgency Agile mindset Internal inspiration Resilience by design Nestlé investor seminar 2022#17Building on TASTY, now launching AGILITY Launched in Q3 2022, impact expected from H2 2023 Objectives: ● ● ● 16 Shape more innovative and efficient headquarters Increase speed and quality of decision-making Identify improvements to current ways of working across headquarter locations Leverage business transformations implemented across Zones November 29, 2022 Nestlé investor seminar 2022#18Key takeaways Adapting to a changing environment with purpose and ambition TASTY ● ● ● Freeing up resources - Expecting to generate CHF 1 bn P&L benefits in 2022 and an additional CHF 1 bn in 2023 Continuing program beyond 2023 17 - AGILITY Expecting net positive impact on RIG / OG of ~ 20 bps as from 2023 Enhancing ways of working Sharpening focus, effectiveness and efficiency of the headquarters November 29, 2022 Nestlé investor seminar 2022