#1Nestle Good food, Good life Nine-month sales 2023 Investor call NESCAFÉ#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 October 19, 2023 Nestlé nine-month sales 2023 Nestle Good food, Good life#3Nestle Good food, Good life Nine-month sales 2023 Mark Schneider, CEO 176 PURINAT felix SO GUT WIE ES AUSSIEHT AUSSI BON DE BEAU 3 Wata M IN GELEE EN DELE SAUMON, SARDINE, U P 7+ C#4Key messages 4 ● ● ● ● Strong broad-based organic sales growth of 7.8% Pricing of 8.4%, reflecting historic input cost inflation Real internal growth (RIG) of -0.6%, impacted by portfolio optimization and capacity constraints RIG expected to turn positive for the second half Positive RIG in the third quarter when adjusted for one less trading day Portfolio optimization starting to deliver Continued robust growth for PetCare and coffee Short-term supply constraints at Nestlé Health Science Further strengthened nutrition strategy and stepped-up efforts to support a balanced diet - - October 19, 2023 Nestlé nine-month sales 2023 Nestle Good food, Good life#5Nestlé Health Science confirming mid-term objectives 5 Significant growth and synergy opportunity Market expected to grow at a mid single-digit rate. Vitamins, minerals and supplements category has returned to positive growth Cost synergy opportunities of 300 basis points Key achievements to date Market share gains for medical nutrition (+400 bps since 2021) - Leading position in U.S. e-commerce with #1, 2 and 5 brands in vitamins, minerals and supplements Vitamins, minerals and supplements expansion into 25 new markets since 2022 - Pure Encapsulations with strong double-digit growth for 9M-2023 Delivery of cost synergies on track Short-term supply constraints for vitamins, minerals and supplements IT integration issue surfaced in August during consolidation of U.S. packaging sites Constraints expected to be resolved by early 2024 - - - October 19, 2023 2025 objectives* for Nestlé Health Science confirmed with a 6-month delay *High single-digit organic growth and underlying TOP margin > 18% Nestlé nine-month sales 2023 Nestle Good food, Good life#6Creating economic opportunities for the world's youth 6 NELCO October 19, 2023 HAH NESZATE Nestlé nine-month sales 2023 NESCAFE NESCAFE 10 years of Nestlé Needs YOUth ● ● ● Making people more employable Inspiring the next generation of farmers Turning young innovators into entrepreneurs Nestle Good food, Good life#72023 guidance confirmed ● ● ● 7 Organic sales growth guidance in the 7% to 8% range Underlying trading operating profit margin expected to be between 17.0% and 17.5% Underlying earnings per share in constant currency expected to increase between 6% and 10% October 19, 2023 Nestlé nine-month sales 2023 Nestle Good food, Good life#8Nestle Good food, Good life ( Segredo Mew degudo 7 VENING Maggi Meu, Segredo 7 VEGETAIS Nine-month sales 2023 François-Xavier Roger, CFO#9Nine-month sales growth 9 69.1 9M-2022 sales CHF bn October 19, 2023 OG +7.8% -0.6% RIG Nestlé nine-month sales 2023 +8.4% -0.8% Reported sales growth -0.4% Pricing Net M&A -7.4% Foreign exchange 68.8 9M-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 October 19, 2023 Developed 40.2 bn 58% -1.3% 8.2% 6.9% Nestlé nine-month sales 2023 Emerging 28.6 bn 42% 0.3% 8.6% 9.0% Nestle Good food, Good life#11RIG trending to positive territory 11 -2.6% Q4-22 RIG as reported October 19, 2023 -0.5% Q1-23 -1.1% Nestlé nine-month sales 2023 Q2-23 -0.3% Q3-23 RIG adjusted for number of trading days Key factors ● ● ● Moderation of new pricing Benefits of portfolio optimization Increased marketing investments Nestle Good food, Good life#12Seeing benefits of portfolio optimization 12 Freeing up resources Discontinuation of low-growth, low-margin businesses nearly completed Annualized impact: ~ CHF 0.7 bn sales ● ● Reallocating resources Material improvement in customer service levels* ● October 19, 2023 Nestlé nine-month sales 2023 91% Dec-22 Mar-23 * Excludes Nestlé Health Science Jun-23 97% Sep-23 Nestle Good food, Good life#13Pricing moderating 13 10.1% Q4-22 October 19, 2023 9.8% Q1-23 Nestlé nine-month sales 2023 9.1% Q2-23 6.3% Q3-23 Key factors ● ● High base of comparison Cost inflation moderating for some commodities, while remaining at high level Nestle Good food, Good life#14Zone North America Sales Real internal growth Pricing Organic growth CHF 19.0 bn 14 -0.9% Broad-based organic growth despite a challenging consumer environmen October 19, 2023 8.9% • Favorable mix and strong momentum in e-commerce and out-of-home channels supported growth Nestlé nine-month sales 2023 8.0% • Purina PetCare, Nestlé Professional and Starbucks out-of-home products were the key growth drivers PREPLACE KEURIG GF MEDIUM BOAST PER CARLE 1193 OFER STARBUCKS PIKE PLACE ROAST OF A WAN PERL STARBUCKS VERANDA BLEND TEATS WAL WECHAN LOND BOAST GROUND VE BLE KEURIC FREYCLABLE STARBUCKS BUTTERY & SMOOTH NOTES CARAMEL NA ROUND COFETTA BERAKS Nestle Good food, Good life#15Zone Europe Sales ● Real internal growth Pricing Organic growth CHF 14.1 bn 15 -2.3% Strong organic growth led by pricing. RIG impacted by capacity constraints and portfolio optimization • E-commerce momentum and out-of-home channels supported growth October 19, 2023 11.1% Nestlé nine-month sales 2023 8.8% Purina PetCare, coffee and confectionery were the main growth contributors GOURMET REVELATIONS Contras MOUSSE WITH CHICKEN PURINA GOURMET REVELATIONS Nestle Good food, Good life#16Zone Asia, Oceania and Africa Sales Real internal growth Pricing Organic growth 16 CHF 13.2 bn October 19, 2023 0.0% Strong organic growth, driven by pricing • Continued momentum for e-commerce and out-of-home channels supported growth Nestlé nine-month sales 2023 8.6% Infant nutrition, culinary and coffee were the key growth drivers 8.6% MILO O 0 Nestle Good food, Good life#17Zone Latin America ● Sales Real internal growth Pricing Organic growth 17 CHF 9.1 bn October 19, 2023 -0.6% Sustained double-digit organic growth led by pricing Strong operational execution and continued momentum of out-of-home channels supported growth Nestlé nine-month sales 2023 10.5% Confectionery, infant nutrition and coffee were the main growth contributors 10.0% ***** 61 NOVO Note Mucilon CEREAL INFANTIL seleção Da NATÚReza Cereais, Banana e Maçã TEXTURA ADEQUADA PARA BEBES RO 535 WALL A ZERO ADRES CAO SAD SANTE COM ALACTIS ARMS MANDA A EXPRESSA DE DO CON ALTO AD ER DA TE PR Bad COMO USAR frutor, logurtes e receitinhas com PROBIOTICO Blac pode contribuir part d SAUDE DO INTESTINO RACE co 100g OG MEST WISHES O Cagaya Nestle Good food, Good life#18Zone Greater China ● ● ● Sales Real internal growth Pricing Organic growth 18 CHF 3.6 bn October 19, 2023 2.3% Positive organic growth, driven by both RIG and pricing Strong sales developments for out-of-home businesses and e-commerce momentum supported growth Nestlé nine-month sales 2023 2.6% Nestlé Professional, confectionery and culinary were the key growth drivers 4.9% 原味鲜 蒸鱼豉油 呻造酱油 0添加 P Ob | 3重鲜 净含量:450毫升 0 太太乐 原味鲜 特级红烧酱油 酿造酱油 WHILS 专利技术業發公司 e pressures wri XX 太太乐 芝麻香油 净含量/规格:100毫升 Nestle Good food, Good life#19Nestlé Health Science ● ● Sales ● Real internal growth Pricing Organic growth Pricing-led organic growth, with negative RIG • Consumer Care saw negative growth, reflecting short- term supply constraint for vitamins, minerals and supplements in the third quarter 19 CHF 4.9 bn October 19, 2023 -1.9% Nestlé nine-month sales 2023 4.4% Active nutrition posted mid single-digit growth, driven by Orgain and Vital Proteins Medical nutrition recorded double-digit growth 2.5% EN YOU LOVE, WITHOUT THE PLASTIC CON VITAL PROTEINS COLLAGEN PEPTIDES Collagen Peptides per Set Skin, Haik, Nall-Joier Sq Grass Fed Pasture Unflavored Dietary Supplement NET WT 9.33 OZ (265) Nestle Good food, Good life#20Nespresso ● ● Sales Real internal growth Pricing Organic growth Organic growth driven by pricing and sequentially improving RIG 20 CHF 4.6 bn • Vertuo, strong demand in out-of-home channels and innovation supported growth October 19, 2023 1.6% Nestlé nine-month sales 2023 3.5% 5.2% North America posted double-digit growth. Europe reported positive growth NESPRESSO NESPRESSO Nestle Good food, Good life#21Broad-based growth across categories Organic sales growth % 21 7.8% Total Group October 19, 2023 6.7% Powdered and Liquid Beverages Nestlé nine-month sales 2023 13.1% PetCare 6.3% Nutrition and Health Science 5.3% Prepared dishes and cooking aids 6.6% Milk products and Ice cream 10.1% Confectionery 3.5% Water Nestle Good food, Good life#22Q&A 8804 Have a break, have a KK KitKat Nestle DARK DARK Nestle Good food, Good life#23Nestle Good food, Good life PANNA MEDICI TOSCANA 1564 ACQUA PANNA TOSCANA ACQUA MINERALE NATURALE OLIGOMINE Supporting slides#249M-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 24 October 19, 2023 Sales (CHF m) 19 027 14 144 13 223 9 139 3 624 4 850 4 617 205 68 829 Nestlé nine-month sales 2023 RIG % -0.9 -2.3 0.0 -0.6 2.3 -1.9 1.6 8.3 -0.6 Pricing % 8.9 11.1 8.6 10.5 2.6 4.4 3.5 1.5 8.4 9M-2023 sales OG % 8.0 8.8 8.6 10.0 4.9 2.5 5.2 9.8 7.8 Net M&A % -2.2 -2.4 -0.1 0.0 0.1 3.8 -0.6 0.0 -0.8 F/X % -6.1 -5.2 -13.3 -4.3 -10.6 -5.9 -5.7 -5.1 -7.4 Reported sales growth % -0.3 1.3 -4.8 5.7 -5.7 0.5 -1.2 4.7 -0.4 Nestle Good food, Good life#259M-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 25 October 19, 2023 Nestlé nine-month sales 2023 Sales (CHF m) 18 257 2 606 8 100 11 470 8 649 5 735 14 012 68 829 9M-2023 sales RIG % -0.3 -6.9 -3.0 -0.8 -3.2 2.2 2.6 -0.6 Pricing % 7.0 10.4 9.6 7.1 8.5 7.9 10.4 8.4 OG % 6.7 3.5 6.6 6.3 5.3 10.1 13.1 7.8 Nestle Good food, Good life#269M-2023 historical eight quarters Period Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 26 October 19, 2023 Nestlé nine-month sales 2023 RIG% 4.0 2.4 0.9 -0.2 -2.6 -0.5 -1.1 -0.3 Pricing % 3.1 5.2 7.7 9.5 10.1 9.8 9.1 6.3 OG % 7.2 7.6 8.7 9.3 7.5 9.3 8.0 6.0 Nestle Good food, Good life#279M-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 27 October 19, 2023 Nestlé nine-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 9M-2022 0.953 1.012 14.415 18.625 1.778 1.194 4.692 0.742 0.744 0.673 Weighted average rate 9M-2023 1.229 0.902 0.978 12.866 18.014 1.625 1.122 5.066 0.670 0.654 0.603 1.095 Variation in % -5.3 -3.4 -10.7 -3.3 -8.6 -6.0 8.0 -9.8 -12.1 -10.4 -10.9 Nestle Good food, Good life#28Abbreviations ● OG • RIG AOA • LATAM • GC 28 October 19, 2023 Organic growth Real internal growth Zone Asia, Oceania, and Africa Zone Latin America Zone Greater China Nestlé nine-month sales 2023 Nestle Good food, Good life