#1Bernstein European Strategic Decisions Conference Marc Engel, Chief Supply Chain Officer & Richard Slater, Chief R&D Officer 23rd September 2020 1 Unilever#2Unilever Safe harbour statement This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', or the negative of these terms and other similar expressions of future performance or results, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the 'Group'). They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; the effect of climate change. on Unilever's business; Unilever's ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. A number of these risks have increased as a result of the current COVID-19 pandemic. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Annual Report on Form 20-F 2019 and the Unilever Annual Report and Accounts 2019.#3Unilever 2.5bn 48k suppliers consumers reached 12 1.3bn people helped to improve health and hygiene billion euro brands Home Care 21% Beauty & Personal Care 42% Foods & Refreshment 37% 190 countries Unilever 90% local leaders 60% sales in emerging markets 14 of the top 50 global consumer brands Dove Lifebuoy sunsilk LUX im Brooke Bond FAMILY ESTO 1659 closeup Comfort Lipton Sunlight Knorr Rexona POND'S Pepsodent#4U Unilever Our emerging markets footprint continues to be a strength OO Depth India's largest FMCG company Strong #1 share position 97% local managers Unilever product in every Indonesian household GDP growth (PPP adjusted) 2020-2030 IMF, IFS Breadth >€500m €100m to €500m 16 markets 21 markets Opportunity Contributing over 60% of global GDP growth by 2030 Seeding the future#5Unilever Macro uncertainty requires extreme agility Wide range of economic outlooks Asia Rising Covid-19 cases Europe North America Middle East Latin America Africa Mar May Jul Sep COVID-19 cases: 7-day rolling average cases per day (6th September 2020) 2019 2020 2021 2022 2023 2024 J Volatile currencies and commodities F M A Crude M JA S J EUR/ BRL#6Unilever Significant short term demand shifts O Hygiene Q2 2019 USG 5% €4bn TO H1 2020 Q2 2020 USG 26% €8bn TO H1 2020 In Home Eating Q2 2019 Q2 2020 USG 0% USG 17% Hygiene: Skin Cleansing + Home & Hygiene Personal Care: Personal Care excl. Skin Cleansing Laundry Q2 2019 USG 9% €4bn TO H1 2020 Q2 2020 USG (1)% €7bn TO H1 2020 Personal Care Q2 2019 USG 3% Q2 2020 USG (10)% Prestige Q2 2019 USG 8% €0.3bn TO H1 2020 Q2 2020 USG (10)% €26bn Turnover H1 2020 Q2 2019 USG 4% €2bn TO H1 2020 Out of Home Q2 2020 USG (42)%#7Unilever The Unilever Supply Chain Reach 2.5 billion consumers daily 448 distribution centres 5.3 million shipments per annum E Unilever 5000- 48,000 suppliers n 221 production sites 3,352 production lines 844 third party manufacturers producing 16% of volumes#8u Unilever us The Connected Supply Chain: Creating competitive edge through an agile and efficient value ecosystem Agility and resilience Future-fit talent Unilever Reshape asset and cost base Core enablers Digital transformation Positive for people and planet Partnerships for purpose#9Unilever Challenges to business continuity in H1 Import and export restrictions Major changes in buying behaviour XOMO BENUJERRY'S Dove www Knorr Sunlight HELLMANNS Domestos Cif LOVE beauty AND panu Vaseline SariWangi National lockdowns T Lipton L. Need to unlock capacity and capability Management of workforce Shift to working remotely#10Unilever Step up in growth in ecommerce Requires changes in our supply chain setup +78% eB2B eB2B excludes UFS +58% Pure play BUY +120% Omnichannel +48% Brazil +59% China +177% USA Q2 Growth +62% 8% % of H1 Total Sales ● ● ● ● ← Portfolio Fulfilment Order to deliver time Winning with the demand algorithms#11Unilever Agility in our own supply chain processes 룸 574 Acceleration of complexity reduction Multi-location sourcing Agile sales & operational planning Strategic stockholding Wayn Cash management Are we Selling? (by Country) Cluster MCO North America des S.Asia Latin America SEAA Europe Europe Europe SFAA Latin America SEAA Europe Europe Africa SEAA NMR North America Are we producing? (Top 50 Sites by TO) Coandy Country Are we producing? (Top 50 Sites by TO) 299 RECOVERED 183 1292 2019 TO (EM) Service Status Opone Real time information and digital transformation#12U Unilever Reshape the cost and asset base Transformation programmes 5S Manufacturing ZBB Logistics Restructuring program 10.0 Strong savings €2bn Fixed asset intensity#13Unilever A business committed to people and planet XOMO BENBJERRY'S Pepsodent Climate Net zero emissions 2039 ......... Dive Knorr Sunlight ANC HELLMANNS Oumestos WEN Cif LOVE bennin AND WIFE Vaseline Rexona ANT SariWangi Lipton PRE Nature Deforestation free 2023 Plastic Inequality 50% reduction in virgin plastic 2025 A fairer and more socially inclusive world Clean Future Fossil fuels eliminated from cleaning products 2030 Enabled through digital transformation, transparency and partnerships for purpose#14U Unilever Supply chain at the heart of a winning Unilever Strategy remains strong and "Covid resistant" Short pause on transformation, now back to acceleration Future fit to support the "new normal" in consumer demands#15Richard Slater Chief R&D Officer 23rd September 2020 1 Unilever#16R&D VISION To innovate boldly for people and planet#17U Unilever Proud history of innovation Dove original moisturising cre AB Dove caring hand wash use Apoyo ansion deap B ало อายเกรี әәл OTRA FOTO Do caring indulgi Unbeatable 30mins ovon in Persil non bio small& & mighty Unbeatable in 30 mins even in Persil non bio small &mighty MAGNUM (M) true to pleasure MAGNUM#18A strong and connected R&D team Sustainability at our core Differentiated science and technology Global scale and local connectivity, & agility Global Centre of Excellence Key multi-market hub 18#19Unilever Leveraging our strengths in response to COVID-19 Business continuity husa >50% of R&D resource flexed through the year Over 800 new material and supplier approvals 10x increase in use of our Digital R&D tools Lifebuoy Lifebuoy com protection handwash Total 10 Innovation A IMMUNITY BOOSTING HAND SANITIZER Total 10 LIFEBUOY THE WORLD'S 1ST TO REPORT ITS HANDWASH AND SANITIZER ARE OVER 99.9% EFFECTIVE AGAINST THE COVID-19 CORONAVIRUS "As per lab test. Washing hands with soap & water or use of alcohol-based sanitizer is one of the recommended measures to reduce spread of Coronavirus First global company to prove effectiveness against SARS-2-CoV virus 300 Lifebuoy hand hygiene SKUS launched in 60 markets in 8 weeks Innovation programme on-track and launches delivered on-time Communities Domex 500ml x 24 Bottes €100m Unilever donations to fight the pandemic Converting R&D pilot plants to sanitiser production facilities Expert advice: 'Ask A Scientist' through social media +100m impressions#20Unilever Impactful Innovation through Strategy, Discipline and Agility Discipline Agility Strategy 000 Sharp Category innovation strategies with clear choices Focus on high growth spaces (channel/ portfolio) Defined right to win and differentiated propositions 梁 Identify, align and support scale innovation bets Ruthlessly cut the tail to re-invest (-34% YTD) Decisive post-launch reviews: Power-up, Pivot or Kill 0 O BERE New, agile and iterative innovation process Unlocking creativity and speed (30% faster average speed to market) Driving engagement in teams and better outcomes#21Sustainability at our core Unilever Clean Future#22Unilever Clean Future - our differentiated Home Care strategy High carbon chemistry Petro-chemicals 100% renewable or circular feedstocks Low carbon products that work in quick and cold wash Wastage of water 100% Biodegradable Water efficiency & biodegradability Single use plastic BOTTLE MADE WITH OCEAN PLASTIC that's why I'm gray Recyclability, PCR Refill & re-use Distrust in chemicals Products designed for consumer trust 22#23Superior performance Greener formulations Recycled Plastic packaging TOUGHER ON STAINS NEW PLANT BASED 100% RECYCLED STAIN BOTTLE REMOVERS + REMOVES STAINS FIRST TIME WITH PLANT BASED STAIN REMOVERS Persil bio KINDER TO OUR WORLD 100% RECYCLABLE 7 387 FRESHNESS THAT LASTS DIRT IS GOOD X DIRT IS GOOD X#24U Unilever Superior mildness for hands 100% renewable actives From sustainable biotechnology PHÙ HỢP CHẤT LƯỢNG NHẬT BẢN* Sunlight EXTRA MỀM DỊU MÊM DIU CHO DÀ 100% THÀNH PHẦN LÀM SẠCH GỐC THỰC VẬT Ka BỆNH VIỆN ĐA Ở TRUNG ƯƠNG LIỆU TRUNG CHỨNG NH 100% TỪ NHỰA TÁI SINH THẦN THIỆN VỚI MÔI TRƯỚC Ở Sunlight COD 100% MỚI THÀNH PHẦN LÀM SẠCH GỐC THỰC VẬT MỀM DỊU VỚI DA TAY 24#25Unilever Smaller, lighter and better value for consumers 75% plastic reduction Delivered outstanding early results OVO LECONÔMICO 3L REFILE FAZ RENDE MUITO FAZ OMO 3L lavagemperfeita REFIL concentrado para DILUIR 500 ml O MELHOR DE OMO DE UM JEITO INTELIGENTE = PARA PAGAR* MENOS *Comparado ao 3L da mesma marca. I 1 COLOQUE 2,5L DE ÁGUA 2 OMO COMPLETE COM 500 ML DE OMO REFIL CONCENTRADO DILUIR 3 MISTURE BEM E USE#26Unilever Differentiated Science & Technology#27Over half of consumers experience odour or wetness issues X3 efficacy and first ever clinical strength in an aerosol Differentiated patented technology Rexona maximum protection aerosol Rexona maximum protection Rexona maximum protection CLEAN SCENT 3x s 96H STRONGER MEN Rexona maximum protection 3x| CLEAN SCENT STRONGER 96H MEN Rexona maximum protection aerosol MEN Rexona maximum protection MEN Rexona maximum protection roll-on 3x NEW CLEAN SCENT STRONGER 96H MEN Rexona maximum protection CLEAN SCENT 3x#28760% global increase in hand sanitizers* 6 months from concept to launch Dove Kills 99.99% of virus and bacteria plus provides 8hr moisturisation ind nitizer moisturization 8FLOZ/237mL * Global market growth in previous 12 weeks Dove new nourishing hand sanitizer lavender & chamomile 99.99% effective against germs 8h moisturization 2FLOZ/59mL new Dove nourishing hand sanitizer deep moisture 99.99% effective against germs 8h moisturization 8 FL.OZ/237mL Dove new nourishing hand sanitizer deep moisture 99.99% effective against germs. 8h moisturization 2 FL.OZ/59mL new Dove nourishing hand sanitizer shea butter & warm vanilla 99.99% effective against germs 8h moisturization 8 FL.OZ/237mL Dove new nourishing hand sanitizer shea butter & warm vanilla 99.99% effective against germs 8h moisturization 2 FL.CZ/59mL#29Vegan / plant based market worth $31bn by 2026 Invested €85m into state of the art foods innovation centre Consumer preferred taste and experience Plant-based Menu NEW HELLMANN'S EST.1913 VEGAN MAYO FREE FROM EGGS NO ARTIFIC NO ANTIAL COLOURS ARTIFICIAL FLAVOURS BURGER KING BY VEGETARIAN Try it to Believe it RICH & CREAMY HELLMANN'S EST.1913 Knorr BEEF WE NEED TO TALK... LENTIL SPAG BOL YOU COMPLETE US CHEAT ON MEAT WITH KNORR VEGGIE STOCKS Com M MAGNUM VEGAN REE Kinos M MAGNUM VEGAN VEGAN CLASSIC Vegetable VEGAN DO VEGAN VEGAN ALMOND#30Global scale and local connectivity & agility Unilever#31Design for e-commerce Unilever 10X ecommerce growth vs. FMCG average Happiness through the letterbox Innovative packaging solutions for environment and consumers Dove. REA Dove ·天猫定制礼盒 POND'S·天猫定制礼盒 OF INIMON 20 4120131- SIDSTE Kinh Pantry ROUGES BLUE FRUITS MORE CAS REPREF Ent POND'S·天猫定制礼盒 STRENY Dove WANT ICE CREAM NOW? MAGNUM Breyers GET THE BRANDS YOU LOVE DELIVERED A MOMENT TO feel good BEN&JERRY'S half SELECTION OF 48 TEAS AND HERBAL INFUSIONS CREAM Lipton ICE CREAM shop= ers Uber Eats FOORBASH GRUBHUB BENGJERATE talenti. ECO CHOICES hate free www CONCO RITYSING LOVE beauty AND planet COCONUT WATER & MIMOSA FLOWER volume and bounty MORE BEAUTY, LESS BOTTLE SULFATE FREE CONCENTRATED SHAMPOO 50% 30% 6.75 FL OZ- 199.6 mL MIXPACK 54 Sun ALL THE 831 MORE BEAUTY, LESS BOTTLE 13.5 OZ Love Beauty and Planet bottle PACKED TO FIT THROUGH YOUR LETTERBOX! FOR YOUR DAILY WASH & WHEN YOU NEED THAT EXTRA POWER#32Unilever R&D in Unilever Innovate Boldly for People & Planet#33Dus Sustainability at our core Differentiated Science and Technology Global scale and local connectivity & agility Future-focus: Digital Technology unlocking innovation ALH Act.Hub#34Unilever Unilever: purpose led, future fit Broad portfolio and footprint Sustainable business model Operational agility ↓↑#35Bernstein European Strategic Decisions Conference Marc Engel, Chief Supply Chain Officer & Richard Slater, Chief R&D Officer 23rd September 2020 1 Unilever