#1Unilever at Deutsche Bank GRAEME PITKETHLY CFO FERNANDO FERNANDEZ PRESIDENT BEAUTY & WELLBEING JUN 2023 Unilever Dove GERANIOLOGIST RECOMMENDED deep moisture nourishes the driest skin nourrit la peau la plus sèche 24hr Renewing Micro Moisture body wash | nettoyant corporel 24 Hr Renouvellement Micro Moisture 20 U.S. FL OZ 591 mL NUTRAFOL WOMEN'S VEGAN GROWTH NUTRACEUTICAL UPLEMENT WAS GAD 120 CAPSULES C NUTRAFOL WOMEN'S BALANCE HAIR GROWTH NUTRACEUTICAL T20 CAPSULES SETARY SUPPLEMENT er en Bor dynami skin retinol serum NUTRAFOL POSTPARTUM HAIR GROWTH NUTRACEUTICAL DIETARY SUPPLEMENT 120 CAPSULES D retinoid com complexe de rétinoides a 3,5% + squalane squalane 3.5% r NUTRAFOL WOMEN HAIR GROWTH NUTRACEUTICAL 120 CAPSULES DIETARY SUPPLEMENT high-dose wrinkle Serum#2Unilever Safe harbour statement This document 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. Forward-looking statements also include, but are not limited to, statements and information regarding the Unilever Group's (the 'Group') emissions reduction targets and other climate change related matters (including actions, potential impacts and risks associated therewith). These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance or outcomes. 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 Russia/Ukraine war. 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 2022 and the Annual Report on Form 20-F 2022. 2#3UAgenda Unilever Unilever Overview Beauty & Wellbeing Graeme Pitkethly Fernando Fernandez 3#4Unilever Unilever €60bn Turnover 16.1% Underlying operating margin €5.2bn Free cash flow 5 Business Groups Personal Care Beauty & Wellbeing €12bn €14bn Top 5 markets 1. 2. 3. 4. 5. United States India China Brazil Indonesia Home Care €12bn Nutrition €14bn Ice Cream 59% €8bn people use 3.4bn our products everyday of turnover in Emerging Markets Note: all figures as of Full Year 2022 4#5Unilever Unilever 14 billion Euro brands 3 bigger than €4bn Dove Knorr XOMO 3 between €2bn and €4bn Rexona 8 between €1bn and €2bn ත BEN&JERRY'S M MAGNUM HELLMANN'S EST.1913 Comfort Sunlight Lifebuoy AXE sunsilk 54% of turnover LUX >50% of innovation funnel has differentiated technology >€900m annual spend on R&D Top Sustainability leader for 12 years (Globescan) Masters status for 5th year running (Gartner's Supply Chain report) PLASTIC-FREE BOX *Persil 3IN1bio LINE 3 CAPSULES 10 INTRETIN ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule TULINE 4 >> Note: all figures as of Full Year 2022 5#6Unilever Building blocks in place for higher growth Clear strategy Portfolio focus Priority to big brands Growth markets Channels of the future ● ● ● 5 Business Groups with sharpened category focus Billion Euro brands grow ahead of Unilever average US, India and China our top priority markets Digital commerce now 15% of turnover Note: all figures as of Q1 2023#7Unilever Building blocks in place for higher growth Clear strategy Portfolio focus Priority to big brands Growth markets Channels of the future Sharpened portfolio Suave LIQUIDIV Out Lipton In NUTRAFOL Horlicks Flora PAULA'S CHOICE SKINCARE OLLY 17% of portfolio rotated since 2017 Note: all figures as of Q1 2023 7#8Unilever Building blocks in place for higher growth Clear strategy Portfolio focus Priority to big brands Growth markets Channels of the future Sharpened portfolio Out Suave Lipton LIQUIDIM™ In NUTRAFOL Flora Horlicks OLLY PAULA'S CHOICE SKINCARE Step-up in execution Product superiority Impactful innovation Digital transformation Sustainability Note: all figures as of Q1 2023 8#9Unilever Investing for higher growth Brand and marketing investment Increasing absolute BMI 2021 €7.8bn 2022 2023-25 Research & development 2021 Increasing absolute R&D €0.9bn 2022 2023-25 Capex Increasing Capex as % turnover 2021 2.7% 2022 2023-25 9#10Unilever Q1 results show continued progress Q1 growth 10.5% Underlying sales growth 10.7% (0.2)% UPG UVG Price and volume UPG 8.3% 11.2% (1.0)% UVG (2.1)% 12.5% (1.6)% 13.3% (3.6)% 10.7% (0.2)% Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Competitiveness 48% % Business Winning MAT¹ ¹Moving Annual Total / Last 52 weeks 10#11Unilever A new organisation, better strategic and operational execution Beauty & Wellbeing Dove Sunsilk LIQUIDIV Fueling Life's Adventures dermalogica Personal Care Dove Rexona Unilever Corporate Centre AXE Signal Home Care XOMO Sunlight Comfort Cif Nutrition Knorr HELLMANN'S Horlicks Brooke Bond Cheers Your Senses Unilever Business Operations Clear priorities, executed at speed Ice Cream M MAGNUM BEN&JERRY'S Cornetto 11#12Beauty & Wellbeing FERNANDO FERNANDEZ PRESIDENT BEAUTY & WELLBEING JUN 2023 Unilever ТАТС НА THE SILK CREAM LIQUIDIV HYDRATION MULTIPLIER+ POWERED BY CTT (Cellular Transport Technology] Immune Support Drink MA.. Apwrit fo Shea Ncisture JAMAICAN BLACK CASTOR OIL STRENGTHEN & RESTORE LEAVE-IN CONDITIONER w/ Shea Butter, Peppermint & Apple Cider Vinegar NATURAL CHEMICALLY PROCESSED, OR HEAT STYLED HAIR 11/312 y#13Unilever A fast-growing market, premiumising and pivoting to online Sizeable, fast-growing € 385bn at 4-6% growth Skin Care € 145 bn Hair Care € 80 bn Source: Euromonitor (FY 2022) Health and Wellbeing (VMS) € 160 bn Fragmenting and Premiumising VMS SKIN HAIR 36% FMCG 10% 10% A unique channel footprint 50% 55% 17% Source: Kantar (FY 2022), Euromonitor (FY 2022). 29% 80% 28% 46% 22% 17% ■ Health & Beauty/ Specialist Retail Digital Commerce Grocery#14Unilever A €12bn Unilever Beauty & Wellbeing business €12bn FY'22 Turnover CR Vastine Rire Established 1912 Hair Care Ⓡ 3.8% 3Y USG CAGR ('20-'22) 105 Skin Care Ⓡ Hair Care Health & Wellbeing (H&W) Prestige Beauty Skin Care PAULA'S der CHOICE ica TA SKINCARE A Prestige Beauty Ⓡ Asia Pacific Africa Europe Latin America North America NORLYS Fueling Life's Adventures Ⓡ Health & Wellbeing#15Unilever Positions of strength in Emerging Markets, investing in portfolio development Margin-accretive to Unilever Turnover 20% 80% Profit 28% 72% Beauty & Wellbeing Rest of Unilever Strongholds in Emerging Markets Turnover 52% 48% Relative Market Share 0.7 2.3 North America, Europe and North Asia Emerging Markets Investing in portfolio development Turnover >20% <80% Investment 30% 70% Prestige Beauty and Health & Wellbeing Core Hair & Skin#16Unilever We must accelerate growth in our Core and sustain strong performance of Prestige and H&W UL Market Core Hair & Skin Growth vs Market UL Market Prestige Beauty UL Market Health & Wellbeing B&W '22 Operating Margin 19%#17Unilever Our financial growth model Ruthless focus on volume growth and mix, shift to high growth channels Beauty & Wellbeing Core Hair & Skin Prestige and Health & Wellbeing Growth >5% Accelerate Turnover Sustained Double Digit 100% 70% 30% Margin Modest Expansion Sustain Expand#18Unilever Consumer trends that inform our strategy Inclusive Beauty Increased demand for authenticity, transparency and science Due to unprecedented access to information Transformational Results Indulgence Blurring of Beauty and Wellbeing Premiumisation Makes specialist and online channels economically viable#19Unilever Where we will focus CORE HAIR & SKIN Shift resources to high growth potential and most profitable cells Focus and increased investment in 6 strongest brands dance C) PRESTIGE AND HEALTH & WELLBEING Focus on market-beating growth in the US 3000 Use strongest brands to step change growth in Developed Markets PAULA'S ויר LEN ca SKINCARE entures#20Unilever Portfolio development increasing exposure to premium Leading positions in well-defined segments DTC Skin PAULA'S CHOICE Ingredients Expert AN/15 PAULA'S CHOICE PRESTIGE BEAUTY INTERTOE MATO Hair Growth NUTRAFOR HEALTH & WELLBEING Acquisitions Strong organic growth (€bn) 1.5 1.0 ~2.5 Acquired Growth Post Full Year '22 Turnover Acquisition Turnover Disposals Sale of Suave Suave COCONUT OIL INFUSION DAMAGE REPAIR SHAMPOO for dry dameged hair QuenchLock Technology™ in formulation SALON PROVEN QUALITY CYTO Cruelty-Free 12.6 FL UZ T373mL) 100% Reduces exposure to low-growth value segment in North America#21Unilever Future-fit portfolio in the US, with potential for global expansion Reshaping our US Portfolio... Prestige and Health & Wellbeing Core Hair & Skin Full Year '22 Turnover with a stable of brands ●●● to expand internationally PAULA'S CHOICE dermalogica SKINCARE HOURGLASS NUTRAFOL Ⓡ ТАТСНА. LIQUIDIV Ⓡ#22Unilever Tome Frizz & Shine THICK, CURLY HAIR Codifying how we will win Shea Moisture COCONUT & HIBISCUS HOLD & SHINE MOISTURE MIST w/S Protein & Neem Ol FAIR TRADE Savyb PURPOSE A distinctive strength Shen Noisture COCONUT & HIBISCUS FRIZZ FREE CURL MOUSSE /Silk Protein & Neem O Moisturies & Curl Deline THICK, CURLY HAIR FAIR TRADE ANCE BUTTER 7.5 1 / 222 11/23 24 Cleanse & Hydrate THICK, CURLY HAIR Sheafl oisture COCONUT & HIBISCUS CURL & SHINE SHAMPOO /Silk Protein & Neem Ol FAIR TRADE SAEA AUIDER Shea Moistur efice Free & Color Se 138/384 mi COCONUT & HIBISCUS CURL & SHINE CONDITIONER /Silk Protein & Neem Ol Moisturice & Sohn THICK, CURLY HAIR FAIR TRADE BOEK FUTTER Calor Safe 136/384 SCIENCE Plans to scale 新配方 28 天根源净屑 CLEAR 清扬 男士 活力运动冰爽型 头皮护理去屑洗发露 0.00 DESIRE Knowledge built through acquisitions TA CHA THE DEWY SKIN CREAM#23Unilever Unilever brings outstanding science leveraged across Core Hair, Skin and Prestige 100 Avog ocalobal 44039 innov-iubs partnerships Winning Science 10x Anti-Oxidant Power through GAP 75% increase in Skin Strength through Pro-Lipids 8x Stronger Hair through 3D Fortifying Technology 3D Bonding POND'S AGE MIRACLE SOA HYA-COLLAGEN VITAMIN C Ultimate Creates a 3D bond building network throughout the keratin (xyz-axis) REPLENISHING PRO-LIPIDS Application at Scale Fast-growing Consumer Cohorts Premium Segments and Formats High-value Hero Products Series inser DermaSeries hydrating facial cleanser & Derma face cream Living proof triple bond complex HUR STRENGTHENE 501N FORTIFIANT CHED 45 ml €1.5 POZUS overnight face criam DermaSu hydrating body lotion#24Unilever ONUT OIL UTTER Prestige activity systems are being scaled in the Core ry Dry OCKS IN MO RELIEVES EXTREME Bignit Makeitsg Treatment PAULA'S CHOICE 60 ml / 2 fl. oz. WITH ACETYL GLUCOSAMINE + PURSLANE All Skin Types 7 DRAMATICALLY RE THE LOOK OF A REINFORCES A 20 ml / 0.67 fl. oz. 30 ml / 1 fl. oz. CLI LA REVE Premium Innovation Marketing Capability Aesthetics Sensorials sedal CO-CREATIONS Expert PRESENTA Influencer Marketing Howard Murad, M.D. Recommendation Channel Expertise refo Dove NO ES UN SHAMPOO MÁS 1 LÍNEA NATURAL A BASE DE PLANTAS In-Store Execution/ Partnership Q Shopee Shopee Mall- Super Brand Day POND'S STEP INTO THE GLOW STAGE EXCLUSIVE DEAL: LIMITED EDITION NFT DIGITAL COLLECTIBLE UP TO 40% OFF with 20x Glutaboost-C Digital Commerce O PONDS M#25Unilever India Hair from 43% to 55% share in 10 years PURPOSE #StopTheBeauty Test SCIENCE 98% less breakage Dove hair therapy come of his coul breakage repair leave-on solution nutri-lock senum DESIRE Dove hair therapy care at hold's cellular level breakage repair shampoo sulphate-free nutri-lock serum Dove hair therapy care at hair's cellular level breakage repair conditioner nutri-lock serum Skinification of hair#26Unilever VASELINE winning in Asia and on its way to the €1bn mark PURPOSE Heal the world's skin SCIENCE 10x power of Vitamin C Vaseline. HEALTHY BRIGHT™ GLUTA-HYA SERUM BURST LOTION DEWY RADIANCE ผิวดูกระจ่างใส ฉ่าโกลว์ กลูต้าโกลว์TM ไฮยาลูรอน ในอาชนาไมต์ 10X เหนือกว่า วิตามินซี 10 เท่า DESIRE Vaseline. HEALTHY BRIGHT™ GLUTA-HYA SERUM BURST UV LOTION FLAWLESS GLOW ลดเลือนจุดด่างคํา ผิวดูโกลว์ กลูต้าโกลว่า ไฮยาลูรอน โปร-เรตินอล 10X เหนือกว่า วิตามินซี 10 เท่า INTER Vaseline. HEALTHY BRIGHT™ GLUTA-HYA SERUM BURST LOTION OVERNIGHT RADIANCE REPAIR พบบ่ารุงผิวในข้ามคืน เสมือนมากเขียน 10 แผ่น กลูต้าไกล TM ไฮยาลูรอน อะมิโน เปปไทด์ คอมเพล็ก teg ปารุงสาลิก ในข้ามคืน 10X วิตามินซี 10 เท่า Premium sensorials#27Unilever Tear Across AL ORATION JLUTION LIQUID I.V. >€0.6bn turnover, 5x since acquisition LIV. ORAL REHYDRATION SOLUTION OSMOL CERTIF as no PURPOSE CEM Add to Tear Across LIV. RE ORAL REHYDRATION SOLUTION SMO CEP PB Gen 3853 Gate WA 88124-1585 Dia Pe Bicarbonate Selem Be HI-CT 09755 10€ Hydration for all CA CRV as part of our out of plastic p pa SCIENCE LIQUIDIV Fueling Life's Adventures HYDRATION MULTIPLIER® ELECTROLYTE DRINK MIX LEMON LIME NON GMO POWERED BY CTTⓇ 00 1 Stick. Faster Hydration Than Water Alone. LIQUIDIN 10-0.56oz (15g) Stick Packs 3x electrolytes vs sports drinks DESIRE We the People LIQUID IV UNBOXING BU Influencer network at scale#28Unilever PAULA'S CHOICE, largest Prestige acquisition, growing 20%+ BEAUTY BEGINS WITH Colmannes W TRUTH Research-first skin care BOOST PAULA'S CHOICE Peptide BOOSTER WITH AMINO ACID COMPLEX All Skin Types 20 ml / 0.67 fl. 02 Expert Credentialing: 8 US Beauty Awards in Q1 TikTok @paulaschoiceuk The ultimate glowy duo Global TikTok Views +250% YOY#29Unilever NUTRAFOL, largest H&W acquisition, growing at 80%+ ng PURPOSE self-co You are NOT ALONE. Shed the Silence J TikTok @nutrafol barbati spoje o WorbliM SCIENCE These hair supplements for work for all hair types #1 Dermatologist- recommended DESIRE NUTRAFOL WOMEN HAIR GROWTH NUTRACEUTICAL" DIETARY SUPPLEMENT 120 CAPSULES Industry-leading retention rate#30Unilever Key takeaways Priority: accelerate growth through volume and premiumisation Restore competitive growth in core Shift resource to Emerging Markets, focus India Anchor Developed Markets and China portfolio in Prestige and H&W Win through Purpose. Science. Desire DOW#31Unilever Thank you. HYDRATION made easy NON GMO LIQUIDIV Fueling Life's Adventures 1Stick. Faster Hydration Than Water Alone. MOLIME 16 HYDRATION MULTIPLIER ELECTROLYTE DRINK MIX 16-04 Backets POWERED BY CTT DO LIQUI#32Beauty & Wellbeing FERNANDO FERNANDEZ PRESIDENT BEAUTY & WELLBEING JUN 2023 Unilever ТАТС НА THE SILK CREAM LIQUIDIV HYDRATION MULTIPLIER+ POWERED BY CTT (Cellular Transport Technology] Immune Support Drink MA.. Apwrit fo Shea Ncisture JAMAICAN BLACK CASTOR OIL STRENGTHEN & RESTORE LEAVE-IN CONDITIONER w/ Shea Butter, Peppermint & Apple Cider Vinegar NATURAL CHEMICALLY PROCESSED, OR HEAT STYLED HAIR 11/312 y