#1Nestle Good food, Good life 2023 UNG Three-month sales Investor call C (9) NESCAFE#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 April 25, 2023 Nestlé three-month sales 2023 Nestle Good food, Good life#3Nestle Good food, Good life 2023 Three-month sales Mark Schneider, CEO PLANT-BASED PROTEIN Orgain Organic Protein 50 SUPERFOODS PROTEIN POWDER 89 219 19#4Key messages Strong broad-based organic sales growth of 9.3% Pricing of 9.8%, reflecting significant cost inflation RIG of -0.5%, impacted by capacity constraints and portfolio optimization, with limited demand elasticity • RIG improvement vs. Q4-2022, particularly for Zone North America and Zone AOA Ongoing portfolio optimization to focus on high-growth, high-margin products • Continued market share gains for billionaire brands ● ● ● 4 April 25, 2023 Nestlé three-month sales 2023 Nestle Good food, Good life#5Creation of joint venture with PAI Partners for frozen pizza in Europe ● ● ● ● 5 Creates a dedicated frozen pizza player in a competitive and dynamic category Proven track record of Froneri joint venture with PAI Partners Key facts Sales: CHF ~400 m in 2022 Key brands: Wagner, Buitoni and Garden Gourmet pizza Manufacturing facilities: Nonnweiler in Germany, Benevento in Italy Scope Germany, Italy, France, Spain, Switzerland, Portugal, Austria, Belgium and The Netherlands April 25, 2023 Nestlé three-month sales 2023 ORIGINAL Wagner Steinofen leckerer Knusperrand & Knusperboden MOZZARELLA VEGETARISCH NUTRI-SCORE ABCDE Nestle Good food, Good life#6Material progress on packaging in 2022 Transforming packaging footprint through redesign Eliminated 200 000 tonnes in product packaging Cut number of packaging pieces by 14 billion Reduced greenhouse gas emissions by 280 000 tonnes ● ● ● Driving next-generation solutions Reuse and refill pilots: 20 pilots in 12 countries Recyclable paper: Quality Street and KitKat Compostable paper coffee pods: Nescafé Dolce Gusto and Nespresso ● ● ● 6 April 25, 2023 Nestlé three-month sales 2023 45ge Nestle KitKat 45ge I'M PAPER RECYCLE Hovert ha P Nestle KitKat TELL US WHAT YOU THINK SOK LIMITI PAPER TRIAL I'M PAPER RECYCLE ME! 45ge TELL US WHAT YOU THINK 020 LIMITED PAPER TRIAL I'M PAPER RECYCLE Nestle Kickat TELL US WHAT YOU THINK 回回 LIMITED PAPER TRIAL Nestle Good food, Good life#72023 guidance confirmed ● ● ● 7 Organic sales growth of 6-8% Underlying trading operating profit margin between 17.0% and 17.5% Underlying earnings per share in constant currency and capital efficiency expected to increase April 25, 2023 Nestlé three-month sales 2023 Nestle Good food, Good life#8Nestle Good food, Good life 2023 Three-month sales François-Xavier Roger, CFO 184 PURINA PRO PLAN ADULT/ADULTE COMPLETE ESSENTIALS PUR PURINA#9Three-month sales growth 9 22.2 3M-2022 sales CHF bn April 25, 2023 OG +9.3% -0.5% RIG Nestlé three-month sales 2023 +9.8% +0.3% Reported sales growth +5.6% Pricing Net M&A -4.0% Foreign exchange 23.5 3M-2023 sales CHF bn Nestle Good food, Good life#10Strong growth across developed and emerging markets Sales (in CHF) % of Group sales RIG Pricing OG 10 April 25, 2023 Developed 13.5 bn 57% -1.0% 9.7% 8.6% Nestlé three-month sales 2023 Emerging 10.0 bn 43% 0.3% 10.0% 10.3% Nestle Good food, Good life#11Improved RIG in Q1-2023 versus Q4-2022 11 2.4% Q1-22 April 25, 2023 0.9% Q2-22 Nestlé three-month sales 2023 -0.2% Q3-22 -2.6% Q4-22 -0.5% Q1-23 Nestle Good food, Good life#12Zone North America Sales Real internal growth ● Pricing Organic growth 12 CHF 6.3 bn -0.8% • E-commerce momentum and recovery of out-of-home channels supported growth 12.4% Strong organic growth, driven by pricing. RIG recovering strongly versus Q4-22 April 25, 2023 11.6% Purina PetCare, coffee creamers and frozen food were the key growth drivers Nestlé three-month sales 2023 Gerber. Snacks for Baby soothe M'Chew. TEETHING STICKS Made with wholesome Grains Strawberry Apple 7 Long Lasting baby's 1st Snack for teething Comfort BREAKTHROUGH Edible Teether NO Plastic. NO medicine. Easy to Hold 6-0.53 OZ (15g) STICKS (900) individually WKNYAVED! с O Nestle Good food, Good life#13Zone Europe Sales Real internal growth ● Pricing Organic growth 13 CHF 4.9 bn -1.0% Strong organic growth led by pricing Growth supported by e-commerce momentum and out- of-home channels April 25, 2023 10.7% Purina PetCare, confectionery and coffee were the main growth contributors Nestlé three-month sales 2023 9.7% NESPRESSO NESCAFE. NESCAFE FARMERS ORIGINS ANANA Andes LENGO S MOTTE POUCES DE HECEREALE SCAFE #NESCAPE NESCAFE NO Nestle Good food, Good life#14Zone Asia, Oceania and Africa ● Sales Real internal growth Pricing Organic growth 14 CHF 4.7 bn 1.3% Strong organic growth, supported by pricing and resilient RIG • Improved mix and continued momentum of out-of-home channels supported growth April 25, 2023 9.1% 10.4% Nestlé three-month sales 2023 Infant nutrition, culinary and coffee were the key growth drivers Maggi CukupRasa Swin den 3 m O Nestle Good food, Good life#15Zone Latin America Sales Real internal growth ● Pricing Organic growth Sustained double-digit organic growth based on pricing • Growth supported by strong operational execution and continued momentum of out-of-home channels 15 CHF 3.0 bn -0.6% April 25, 2023 13.4% • Confectionery, dairy and infant nutrition were the main growth contributors Nestlé three-month sales 2023 12.8% LECHE ENTERA Fortificada Nestlē NIDO FortiCrece HIERRO VITAMINAS A, CYZINC CALCIO PROT YVITAMINA Nestle Good food, Good life#16Zone Greater China ● Sales Real internal growth Pricing Organic growth 16 CHF 1.3 bn -0.8% Positive organic growth, RIG partly impacted by the timing of Chinese New Year April 25, 2023 3.9% Nestlé three-month sales 2023 3.1% Strong operational execution, robust e-commerce momentum and continued innovation supported growth Infant nutrition and Nestlé Professional were the key growth drivers NANA 超启能恩 12155 幼儿配方奶粉(12-36月龄:3月 Nestle Good food, Good life#17Nestlé Health Science ● ● Sales Real internal growth Pricing Organic growth CHF 1.6 bn -2.2% Positive organic growth, with market share gains. RIG remains impacted by high base of comparison 17 5.0% Consumer Care saw negative growth, with a sales decrease in VMS and positive growth in active nutrition April 25, 2023 2.8% Medical nutrition recorded double-digit growth, led by pediatric and allergy products Nestlé three-month sales 2023 49 AS NO www 169 Vanilla trition Buti T PHANAGE BLOOD SUGAR Nestle BOOST cose Control BURTON carva W Nestle Good food, Good life#18Nespresso Sales Real internal growth Pricing Organic growth 18 CHF 1.6 bn -1.1% Organic growth driven by pricing. RIG impacted by post- pandemic normalization April 25, 2023 4.0% Vertuo, strong demand in out-of-home channels and innovation supported growth Nestlé three-month sales 2023 2.9% North America posted double-digit growth. Europe reported a sales decrease VAVAY MILAND INTERIO XXXXXXXXX Nestle Good food, Good life#19Broad-based growth across categories Organic sales growth % 19 9.3% Total Group April 25, 2023 7.2% Powdered and Liquid Beverages Nestlé three-month sales 2023 15.7% PetCare 8.2% Nutrition and Health Science 6.8% Prepared dishes and cooking aids 8.1% Milk products and Ice cream 13.5% Confectionery 3.1% Water Nestle Good food, Good life#20Nestle Good food, Good life 2023 Three-month sales Q&A SPELLEG ALLEGRINO SPELLEG THEATERGR SOURCE SAN PELLEGRINO TERME S.PELLEGRINO INKLING NATURAL MINERAL WATE#21Supporting slides DEPARTMENTAL STURE PM 0124-4010682, 23425 2342091 GSTIN: 06AAIFB9655812K FREE HOME DENVERY OFFER SHOP 21 April 25, 2023 Nestlé three-month sales 2023 20 Have a break, have a Kit Kat Nestle Good food, Good life#223M-2023 Operating segments - topline summary Zone North America Zone Europe Zone AOA Zone Latin America Zone Greater China Nestlé Health Science Nespresso Other Businesses Total Group 22 April 25, 2023 Sales (CHF m) 6312 4 881 4 681 3 032 1 311 1 617 1 567 69 23 470 Nestlé three-month sales 2023 RIG % -0.8 -1.0 1.3 -0.6 -0.8 -2.2 -1.1 12.7 -0.5 3M-2023 sales Pricing % 12.4 10.7 9.1 13.4 3.9 5.0 4.0 0.1 9.8 OG % 11.6 9.7 10.4 12.8 3.1 2.8 2.9 12.8 9.3 Net M&A % -2.3 1.1 -0.1 0.2 0.0 10.3 -1.3 0.0 0.3 F/X % -0.4 -5.4 -9.2 -0.6 -6.8 -1.7 -3.8 -2.3 -4.0 Reported sales growth % 8.9 5.4 1.1 12.5 -3.7 11.3 -2.2 10.5 5.6 Nestle Good food, Good life#233M-2023 Products - topline summary Powdered and liquid beverages Water Milk products and Ice cream Nutrition and Health Science Prepared dishes and cooking aids Confectionery Petcare Total Group 23 April 25, 2023 Nestlé three-month sales 2023 Sales (CHF m) 6 223 761 2 800 3 880 3 107 2 030 4 669 23 470 3M-2023 sales RIG % -1.1 -7.3 -3.7 0.3 -4.3 5.9 3.5 -0.5 Pricing % 8.3 10.5 11.8 7.9 11.1 7.6 12.2 9.8 OG % 7.2 3.1 8.1 8.2 6.8 13.5 15.7 9.3 Nestle Good food, Good life#243M-2023 historical eight quarters Period Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 24 April 25, 2023 Nestlé three-month sales 2023 RIG% 7.3 4.4 4.0 2.4 0.9 -0.2 -2.6 -0.5 Pricing % 1.3 2.1 3.1 5.2 7.7 9.5 10.1 9.8 OG % 8.6 6.5 7.2 7.6 8.7 9.3 7.5 9.3 Nestle Good food, Good life#253M-2023 currency overview US Dollar Euro Chinese Yuan Renminbi Brazilian Real Philippine Peso UK Pound Sterling Mexican Peso Canadian Dollar Japanese Yen Australian Dollar Indian Rupee 25 April 25, 2023 Nestlé three-month sales 2023 1 1 100 100 100 1 100 1 100 1 100 USD EUR CNY BRL PHP GBP MXN CAD JPY AUD INR 3M-2022 Weighted average rate 3M-2023 0.924 1.036 14.538 17.780 1.792 1.239 4.501 0.730 0.794 0.669 1.228 0.925 0.993 13.522 17.796 1.687 1.124 4.953 0.684 0.698 0.633 1.125 Variation in % 0.1 -4.2 -7.0 0.1 -5.9 -9.3 10.0 -6.3 -12.1 -5.4 -8.4 Nestle Good food, Good life#26Abbreviations 26 ● • RIG ● OG ● AOA • LATAM ● GC April 25, 2023 Organic growth Real internal growth Asia, Oceania and Africa Latin America Greater China Nestlé three-month sales 2023 Nestle Good food, Good life