#1Deutsche Bank Global Consumer Conference 2021 Alan Jope & Sanjiv Mehta 7th June 2021 LIQUIDIV HYDRATION MULTIPLIER POWERED BY CTT Keilala Transport Technolog IMU Yummy www the MUSIC OF JUSTIN BIEBER GUAVA HIBISCUS Add to 160s of water Net W. lc 560 u Unilever#2Unilever Safe Harbour Statement This presentation 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 Unilever Annual Report and Accounts 2020.#3Unilever Agenda 1 2 3 Unilever Overview Portfolio: Prestige Beauty and Functional Nutrition Markets: Digitalisation in India Summary 3#4Unilever Key facts €51bn 18.5% turnover 190 countries underlying operating margin Note: all figures as of full year 2020 €7.7bn free cash flow 60% sales in emerging markets Top 5 markets: USA India Brazil China Indonesia Unilever Most effective marketer for 4 consecutive years Home Care 21% Lifebuoy Foods & Refreshment 37% Unilever Overview 14 of the top 50 global consumer brands Dove sunsilk Beauty & Personal Care 42% Brooke im Bond FAMILY Knorr LUX closeup Comfort Lipton POND'S Pepsodent Sunlight Rexona#5Unilever Unilever's differentiating strengths Powerful portfolio of leading category and brand positions NUEVO Rexona clinical BERNAT 3x... MEN Rexona clinical EXPERT aerosol 3x- 81% brands #1 or #2 in their market 96 Rexona clinical 3x 3x STRONGER PROTECTION FOR REALLY REALLY REALLY TESTING DAYS 50% of turnover from 13 billion Euro brands Strong presence in growth markets of the future Leading positions in top 10 future growth markets 12 markets with >€1bn annual sales The global leader in sustainable business TOUGHER ON STAINS NEW Se O 0 PLANT BASED 100% RECYCLED REMOVERS BOTTLE Persil blo Unilever Overview Top of GlobeScan Sustainability Leaders survey for 10 years KINDER TO OUR WORLD DIRT IS GOOD X DIRT IS GOOD Leader in Dow Jones Sustainability Index since 2014 31 5#6Unilever Strong start to the year Operational excellence Penetration Innovation Design for channel Brand purpose Fuel for growth Competitiveness 57% % Business Winning MAT Unilever Overview Q1 Growth Underlying Sales Growth 5.7% 4.7% Underlying Volume Growth 6#7Unilever Five strategic choices 1. Develop our portfolio into high growth spaces 2. Win with our brands as a force for good, powered by purpose & innovation 3. Accelerate in USA, India, China and leverage EM strength 4. Lead in the channels of the future 5. Build a purpose-led, future-fit organisation and growth culture Unilever Overview Operational Excellence 7#8Unilever Strategic choices 1. Develop our portfolio into high growth spaces 2. Win with our brands as a force for good, powered by purpose & innovation 3. Accelerate in USA, India, China and leverage EM strength 4. Lead in the channels of the future 5. Build a purpose-led, future-fit organisation and growth culture Portfolio Operational Excellence 8#99 + do 17% 72% Laundry Home & Hygiene Skin Cleansing Deodorants Oral Care Hair Care Skin Care Prestige Beauty Functional nutrition I Plant-based foods Scratch cooking Ice Cream 3 €16bn M&A capital deployed '15-20 L‒‒ I Priority focus area Unilever Portfolio evolution into higher growth spaces Portfolio#10Unilever Focus on high growth spaces Living proof. repair leave-in dephens Dassfors ce e transfor ASIA Living P AS BOCA PLEINE C Scale Living p BBM multi-task styler PTOO! Iti-tasking olam Living proof. Living proof." resto maskaro Prestige Beauty $156bn market, growing ~7% High growth treatment # MACARO 20401 frameam SLEEP FOR A HEALTHY SLEEP CYCLE Melatonin, L-Theanine & Botanicals Y SUPPLEMENT OLLY. Potential in growth countries UM- GOODBYE STRESS KEEP CALM & STAY ALERT GABA, L-Theanine & Lemon Baim OLLY. OLY I BEAUTY FROM THE INSIDE OUT OLLY OLLY Route to leadership SLEEP FOR A HEALTHY SLEEP CYCLE Melatonin, L-Theanine & Botanicals Functional Nutrition 60 Portfolio APPLEMENT LLY OLLY BEAUTY FROM THE INSIDE OUT UNDENIABLE BEAUTY HAIR, SKIN & NAILS Biotin, Keratin Vitamin C & E VMS: $140bn market, growing >7% Branding & technology sensitive 10#11Unilever Prestige Beauty: Future fit operating model €3bn ambition 2015 2016 2017 2018 2019 €0.7bn 2020 +21% Q1 USG >50% %eCommerce Portfolio Geography footprint Asia 14% Europe 22% North America 63% Category footprint Other Hair 8% 12% Skin Care 80% 11#12Unilever 8 purpose led prestige beauty brands 7 Dermalogica Living proof. restore shampoo we drynes du yhether hair PONG 26 € 8 bydrae pure les doma doncier aus passie e8FL OZ US S logica Auermalogica Living Proof Living proof. conditioner ndryness da vibly headeller hale bydata et répare les dom der x chevette pour dering dermalogica CONDITIONER APSKA TRAMPOOING 226 m 3 FL OZ US Living proof perfecting spray gesbeyond moisture for mga smoothness & shor in plus qu'in hydra brame fortifie, Fasse et de armalogica NOTICION CONDITIONING DETANUNGSA 236me8FL OZ US DRATANTE DELANTE dermalogica 2015 2017 Kate Somerville Kate Somerville Goat Milk Hourglass HOURGLASS HOURG noHאפרw ១ñOH -១UOH 2015 2017 KE Murad KAA Murad. Environmental Shield DES SOR LOMONE, Buddies Essential-C Cleanser Garancia Nettoyant essentiel-c ARANCIA AQUAT REVES TU 2015 2019 REN CLEAN SKINCARE EVERCALM GENTLE CLEANSING GEL GEL NETTOYANT DOUX VISAGE CLEAVEATTNET SOOTHES AND BACANCES DANT ET REQUILICON SENSITIVE SK PEROX SENG VURS 150 ml/5.1 fic US Portfolio REN REN CLEAN SKINCARE EVERCALM™ GENTLE CLEANSING GEL GEI, NETTOYANT DOUX VISAGE CLEAN TO ST TATCHA THE ESSENCE a COOTHES AND BALENCES ANT KT uCCOUNT HENSITIVE SKIN 150 ml/5.1 for LS Tatcha 2015 2019 12#13Unilever Prestige Beauty: Framework for growth String of pearls model Purpose led Unilever PRESTIGE Growth channels www Get 15% Off Your First Order Sign up to save on your first order SIGN ME UP Digital first Kate Somerville. essive Exfolining Tastmest Prairement Exfolian e60ml FL C dermalogiGe face mapping A PROFESSIONAL SKIN ANALYSIS ANALYZE YOUR SKIN Portfolio Impactful innovation RED O 13#14Unilever Functional Nutrition: Building scale €3bn ambition 2018 2019 2020 €1.1bn 2020 annualised +54% Q1 USG ONNIT >80% sales via eCommerce Portfolio SMARTYPANTS #1 selling multivitamin on Amazon OLLY #1 VMS brands in Target 14#15Unilever 6 acquired Functional Nutrition brands since 2018 Equilibra equilibra equilibra IMMUNO-ENERGY In & My 14 13 YURAN Yum equilibra equilibra MEDITERRANEAN DETOX 4ACTIONS BEAUTY An-Age Ant-Dan 10 60 40 Liquid I.V. LIQUIDIV Fueling Life's Adventures Yumm Vamma Yummy YURMU LIQUIDIV Farling Life's Adventures LIQUIDIN HYDRATION MULTIPLIER HYDRATION kades 19 ELECTROLYTE DRINK MIX 1Stick. Multiply Your Hydration Met 16 PONI CIT equilibra BEAUTY SLEEP Sp&Rol 2018 2020 60 GUMMIES KIDS FORMULA SMARTY PANTS OLLY I BEAUTY FROM THE INSIDE OUT DIETARY SUPPLEMENT MULTOMEGA Olly OLLY. me UNDENIABLE BEAUTY HAIR, SKIN & NAILS" SmartyPants SMARTYPANTS Biotin, Keratin, Vitamins C & E SMARTY PANTS WOMEN'S FORMULA van D3 for IMMUNITY GRAPEFR vitamino DOMES SMARTY PANTS PRENATAL FORMULA 2019 2020 ISOVE ONNIT Horlicks TOTAL STRENGT PREWORKOUT 982 OOO Onnit ONNIT Horlicks CLASSIC MALT 500 g A FAR ***** CLINICALLY STUDIED EFFECTIVE NT WY ALPHA BRAIN MEMORY & FOCUS ONNIT EARTH GROW L INGREDIENT 90 CAPSULES 4.02 1412 G 2020 ONNIT MCT OIL ON-DAIRY CREAMER MTWT, WE CAPSULES 1115 2021, Portfolio 15#16Unilever Functional Nutrition: Framework for growth Differentiated model LIQUID Unilever Health & Wellbeing MUZ THE PERFECT TE Channel shift OLLY O PROBIOTIC KIDS A110 Priority markets WOMEN'S OLLY ollywellness ollywellness Gummies for the whole crew. ❤❤❤. Available at @samsclub. #ollywellness #happyinsideout 1d 165 likes 1 DAY AGO V Log in to like or comment. W FOR A HEALTHIER TOMORROW SMARTY SMARTY PANTS SMARTY PANTS PRENATAL FORMULA PANTS MILT CHICAT ito FETAL DEVELO vimind ANTY Digital and DTC CHENCY WOMEN'S FORMULA MUT and OMEGA DI for IMMUNITY Sarin 12 for ENERGY an or BONES KIDS FORMUL Portfolio www MULT and OMEGA 3 amin SMMUNITY utamin for BONES Sign up and get 10% OFF your first order of SmartyPants! Plus, you'll get VIP access to exclusive sales and new launches. Enter email address SUBMIT X 16#17Unilever Strategic choices 1. Develop our portfolio into high growth spaces 2. Win with our brands as a force for good, powered by purpose & innovation 3. Accelerate in USA, India, China and leverage EM strength 4. Lead in the channels of the future 5. Build a purpose-led, future-fit organisation and growth culture India Operational Excellence 17#18Unilever HUL: India's largest FMCG Company €5 bn 25% Turnover Operating margin + €3 bn In last decade c. 90% Of our business has category leadership 1 Employer of choice Across industries +1000bps In last decade 9 out of 10 Households use one or more of our brands Hindustan Unilever Limited +2200bps Gender balance in last decade 136k Shakti women micro enterpreneurs Brands in 8m+ Stores Plastic neutral By 2021 5th Largest Indian company by market capitalisation of € 66 bn 000 Horlicks India CLASSIC HALT Largest M&A in FMCG in India >1.3 tn litres Water conservation potential created#19Unilever India a land of opportunities Insolvency and Bankruptcy Code India is reforming GST Goods & Services Tax Ease of doing business rank improved +79 Demographics dividend 1.05 bn working class population 1/3rd are millennials 80% nuclear households by 2030 FMCG has huge headroom to grow Health Food Drinks Instant Coffee Face Wash Body Lotion Washing Liquids Dishwash Liquid Soup Hair Conditioner Body Wash 2% Low category penetration Elite Affluent Aspirers Strivers Strugglers 2016 2% 6% 15% 45% 24% 31% India Indonesia Income pyramid moving towards a diamond China X FMCG per capita consumption 2025 5% 11% India 20% 46% 18% 2X 3X 19#20Unilever Beauty & Personal Care Hair care CAGR 11% FY'10-11 FY20-21 Relative Market Share 3X Only a mother makes her daughter stronger from the roots CLINIC PLUS strong & long CLINIC PLUS+ Straddling price - benefit pyramid Hair lakbe Rs. 432 (€5) CLINIC Sachet at PLUI Rs.1 (€0.012) indulekha™ TRESemmé CLEAR NOTHING TO HIDE Dove sunsilk ER CREATIONS CLINIC PLUS+ High end naturals Salon care Anti-dandruff Daily damage care Mass beauty Family €2.1 bn LOVE 3400 Portfolio transformation 3401 KERATIN SMOOTH HAIR SERUM CAMELLIA OIL Hair Mask for damage repair Dove Intense Damage Repair HAIR MASK India Exe TRESemmé indulekha Botanique AUTOR & VERIORE MILECTION Botanique SATMAYA AMTOS MON 20#21Unilever Home Care CAGR 11% FY'10-11 Fabric Wash Surf CHOO FY20-21 Profitability 8X Relative Market Share 2X daag achhe hain Surf excel H More benefits Upgrading with new benefits Ewheet heel Wheel RID انی Surf excel Surt excel MATIC Rising income MEN PRO Surf excel EVGA Comfort I €1.7 bn love care GRATUD BO Surf excel MOVE 19 3 POWER OF 10 HANDS 14-79 Trat protec OF FIGHT GERMS WITH NATURE'S SUPERPOWER. Impactful Innovations wa 2 MO U FIGHTS nature protect SUPERCHARGED FORMULA WITH NEEM EXTRACT India Get dazzling brightness in half the water: NEW Rin Keep Shining Based on a we peous Reformh Surf excel SMART SPRAY 10 ONLY REMOVES STAINS IN FRONT OF YOUR EYES Surf excel SMART SPRAY FUSTAIN ni 21#22Unilever Foods & Refreshment CAGR 12% Tea FY'10-11 FY20-21 Secured market leadership in Tea Brookg Bend Red Label Brooke Bond Taste of togetherness O Winning in many Indias' Milk Masters Caffeine Champs Mouthfeel Maniacs Flavour Fanatics. Punjab & Karnataka Same brand designed for different preferences Recognising Heterogeneity Taaza LOURDAT Samp €1.6 bn Bond Taaza Lipton Greentea Reduce your belly fat with Green Tea Market Development AADAT DAAL LO prop Bruder Bead Red Label Natural Care Galanty Bel min Lipton India JAPANISE MATCHA H LIPTON JAPANESE MATCHA GREEN TEA 100% finely ground green tea leaves from Nishio, Japan. 22#23Unilever India's Digital Evolution Internet penetration 2015 302 m 2021 761m Cost of 1 GB data $ 08 5 $ 2015 US$ 4 2021 US$ 10c India Average monthly data consumption per user 2015 0.8 GB 2021 13 GB 23#24Unilever Reimagining HUL: Journey to an Intelligent Enterprise Source Yesterday Manufacture ●● Distribute ●● ‒‒‒ ‒‒‒ Sales Operations Ecosystem Tomorrow Consumer Ecosystem Data, Tech & Analytics India Customer Ecosystem Transforming from linear value chain to non linear and interconnected ecosystems 24#25Unilever Consumer Ecosystem Interconnected Engagement smartpick try experience buy 0 Systems BE BEAUTIFUL.IN Cleanipedia Ⓡ++Ⓡ Ⓡ USHOP Lakme DTC Engagement& Feedback Navigate the shopper to purchase Generating Better Insights Deploying Communication Effectively Faster & Better Innovation Crafting Effective Communication Consumer signal to launch in half the time Agile Innovation Hub ENGAGEMENT Centre FONDS Project Devilliers India JARVIS PeopleWorld POND'S 15 POND'S Attributing media to growth POND'S ADVANGE 25#26Unilever Customer Ecosystem Capability Impact Demand Generation eComm, USHOP (DTC) & MyKirana (B2C) Ambition to double contribution E Demand Capture Shikhar (eB2B ordering) App based call & personalised recommendation ₹ Digi Payment Retailer credit ❤ Demand Fulfilment Data & Analytics Route optimisation, assortment recommendation India d Last mile Delivery Next day delivery > 500k Kiranas (traditional grocers) connected; 2 Year plan folded in 6 months 26#27Unilever Operations Ecosystem Plan & Source TH Artificial Intelligence led commodity and demand forecasting Machine Learning powered intelligent planning for distributors Make Manufacturing & distribution network transformation DIGITAL FACTORY Digitally enabled agile manufacturing India Deliver & Service Automated storage & picking Integrated routing & delivery Moving towards a Hi-Tech and Intelligent Supply Chain 27#28Unilever Powered by Data, Tech & Analytics LIVE WIRE Forecasting Data Operations Data Operations Data Lake ‒‒‒‒‒ ‒‒‒‒‒ ‒‒‒‒ Consumer Data Lake External Ecosystem Data Fulfilment Data Customer Data Lake Store Sell in Chanakya.. Augmenting decision making by E-WIRE Basket Data Point of Sale Data India 28#29Unilever Summary Good start to the year through continued focus on operational excellence Clear strategic choices Portfolio evolution underway and new businesses building well Summary Driving competitive advantage through digitalisation#30Unilever Our vision Our vision is to be the global leader in sustainable business. We will demonstrate how our purpose-led, future-fit business model drives superior performance, consistently delivering financial results in the top third of our industry. Summary#31Deutsche Bank Global Consumer Conference 2021 Alan Jope & Sanjiv Mehta 7th June 2021 LIQUIDIV HYDRATION MULTIPLIER POWERED BY CTT Keilala Transport Technolog IMU Yummy www the MUSIC OF JUSTIN BIEBER GUAVA HIBISCUS Add to 160s of water Net W. lc 560 u Unilever