#1Unilever at Deutsche Bank Graeme Pitkethly & Hanneke Faber Paris, 15th June 2022 30 HELLMANN'S HELLMANN'S HELLMANN'S EST.1913 EST.1913 VEGAN MAYO CHIPOTLE VEGAN VEGAN MAYO BACONNAISE VEGAN VEGAN MAYO GARLIC Unilever NUTRITION Al VEGAN#2Unilever NUTRITION Contents Unilever Overview Unilever Nutrition Graeme Pitkethly Hanneke Faber 2#3Unilever NUTRITION 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. 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 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 2021. 3#4Unilever Unilever €52bn 2021 turnover Ice Cream 7bn Nutrition 13bn Beauty & Wellbeing 10bn Unilever Home Care 11bn Note: all figures as of full year 2021 Personal Care 12bn 3 consecutive years in top 'masters' category by Gartner 3.4bn people use our products everyday Developed Markets 42% Emerging Markets 58% 190 countries sell our products *** #1 CPG employer of choice in over 50 markets 92% of our leaders in markets are local#5Unilever Unilever €27bn from our €1bn+ brands Dove Rexona Knorr LUX M MAGNUM Sunlight OMO S Note: all figures as of full year 2021 BEN&JERRY'S sunsilk HELLMANN'S Lipton AXE 4 consecutive years as most effective marketer >80% of turnover increasing or stable brand power LONG LIVE CLOTHES Degree perstar THE ✔ Ⓒ Comfo Omfort fort altimate curt ultimate Lure CIRC Le D 72H NONSTOP PROTECTION WORKS HARDE HAN REGULAR ANTIPERSP ANTS MAN INT 45 Digital hubs live in 38 markets NEW 125 Top of GlobeScan Sustainability Leaders survey for 10 years OMO TOUGH ON STAINS KINDER TO THE PLANET MAKE TASTE, NOT WASTE. PR E OMO HELLMANN'S REAL NAVORHERI Leader in Dow Jones Sustainability Index since 2014 5 сл#6Unilever 5 clear strategic priorities that are delivering Win with brands and innovation 8.8% from 13 €1bn+ brands Move portfolio into high growth spaces Prestige: 14%, Functional Nutrition: 18% Accelerate USA, India, China and EMS USA: 8.9% India: 10.4% China: 6.4% Note: all figures refer to Q1 2022 Underlying Sales Growth unless otherwise stated Lead in channels of the future eCom: 27%, 14% of turnover Future-fit organisation and culture New organisation from 1 July 2022 6#7Unilever Acquiring majority stake in Nutrafol NUTRAFOL Womon Hair Wellness from Within UNT NUTRAFOL Women's Balance Weltness from Whi NUTRAFOL Mon Har Welness from Withn TONCES A NUTRAFOL Postpartum ir Wellness From within ● ● ● Announced acquisition in May '22 #1 dermatologist recommended hair growth brand in the U.S. Will become part of our Beauty & Wellbeing Business Group 7#8Unilever 2022 Priorities 1. Sustaining the step-up in growth and competitiveness 2. Navigating through unprecedented cost inflation 3. Delivering the new organisation on 1 July 2022 8#9Unilever Priority 1: Sustaining the step-up in growth and competitiveness Underlying Sales Growth 3.7% 51% 2016 2.8% Business Winning (MAT) 44% 2017 42% 44% 2016 2017 2018 2019 USG: 2016-2018 restated due to treatment of hyperinflation UOM: 2017 & 2018 restated due to treatment of IFRS 16 53% 3.2% 2018 53% 2020 2021 2.9% 58% 2019 Q1 2022 MAT 16.4% 1.9% 2016 2020 Underlying Operating Margin 19.1% 17.7% 2017 18.6% 4.5% 2018 2021 2019 7.3% Q1 2022 18.5% 18.4% 2020 2021 9#10Unilever Crude Palm ($/mt) Soybean Oil Priority 2: Navigating through unprecedented cost inflation 2018 2019 2020 2021 639 ($/mt) 789 5-year ranges (avg. spot price for each period) Brent Crude 71 ($/bbl) 601 765 64 752 838 42 1,131 Jan '22 70 1,345 1,385 1,470 96 Mar Mar '22 index '22 (vs '20 at 100) 1,777 1,957 116 236 234 273 0.2 Net Material Inflation¹ €bn 1.3 3.6 4.8 2020 2021 2022 2022 Jan View Mar View 0.3% 2020 UPG % 1.3% 4.5% H1'21 H2 '21 8.3% Source: World Bank Pink Sheets ¹Net Material Inflation = market inflation post impacts of hedging, procurement actions, product reformulations and currency movements Q1 '22 10#11Unilever Priority 3: Delivering the new organisation on 1 July 2022 Business Groups Simpler, faster, more category focused Beauty & Wellbeing Unilever Corporate Centre Personal Care Home Care Nutrition Unilever Business Operations Ice Cream 11#12Hanneke Faber Nutrition Business Group President Unilever Nutrition Paris, 15th June 2022 30 HELLMANN'S HELLMANN'S HELLMANN'S EST.1913 EST.1913 VEGAN MAYO CHIPOTLE VEGAN VEGAN MAYO BACONNAISE VEGAN VEGAN MAYO GARLIC Unilever NUTRITION Al VEGAN#13Unilever NUTRITION 3% 2017 Unilever Nutrition: A €13bn leader with momentum... Accelerating Growth Underlying Sales Growth, % 2018 2019 2020 2021 Q1'22 Profitable Underlying Operating Margin Accretive to Unilever 50% 2017 #1 Business Group size including Ekaterra; growth and competitiveness numbers exclude Ekaterra Competitive % Turnover Winning Value Share T 2018 2019 2020 Responsible € 2021 Q1'22 Moving Annual Total World Benchmarking Alliance 2021 ranking top 350 global Food & Ag companies 13#14Unilever NUTRITION A concentrated brand line-up, led by two strong global brands Top 2 Brands: almost 60% of turnover including: Horlicks Brooke Bond Unox Bango FY 2021 turnover HELLMANN'S EST.1913 SINCE 1838 14#15Unilever NUTRITION Knorr: A €4.4bn mega-brand in practically all countries where Unilever operates Large, steadily growing SINCE 1838 €4.4bn Veggie STOCK CUBES Bouillon ZERO 8x SALT Our Promise Full of flavour, with sustainably farmed veggies Gluten free Very profitable* Accretive Knorr Aromat INSAPORITORE IN POLVERE Inson impegno sole lodato 5 家樂 COND FY 2021 financials, *GM accretion to total Nutrition business Large range of scratch cooking aids 2倍自制限价 RE 浓缩鸡汁 调味料 Seasonings 净含量: 1千克 A Other Soup Meal Solution Bouillon & Seasonings Knorr Fix SPAGHETTI BOLOGNESE Gwarantujemy Warzywa ze zrównoważonego rolnictwa Sposób na urozmaicona diet Doskonały smak Dodaj: 300 g makaronu 300 g mięsa mielonego 100 g tartego żółtego sera 4 porcje >50% Emerging Markets NOWE OPAKOWANIE TEN SAM SMAK Meal Solutions D EM SINCE 1838 Knorr Almost 1/3 in Food Service 'In Home' UFS Eat for Good 'Eat for Good': Focus on more variety, more vegetables and sustainable sourcing SINCE 1838 15 Ⓡ#16Unilever NUTRITION 15 FL 02 MASIMIL Hellmann's: A €1.9bn brand in 70+ countries Large & Profitable €1.9bn HELLMANN'S EST.1913 REAL MAYONNAISE SAME CREA Made with cage free eggs TASTE 15ml 420 kJ 102 kcal 5%' 2800 k 681 kcal Real HELLMANN'S EST.1913 SAME REAL 100% free-range eg Committed to sustainably sourced oils 100% RECYCLED PET FY 2021 Financials 250ml Fast growing Double digit '20-21 CAGR HELLMANN'S ESTING SAME LIGHT MULTIONHAINE 100% RECYCLED BOTTLE www. HISEE Light HELLMANN'S EST.1913 VEGAN MAYO VEGAN Vegan Stronghold in Mayonnaise Mayonnaise Perpation HELLMANN'S EST.1913 CHILLI MAYONNAISE MEDIUM IRRESISTIBLY CREAMY & SPICY www.w P DOK 21 15 3211120a Weighted towards Developed markets HELLMANN'S EST.1913 ROASTED GARLIC MAYONNAISE IRRESISTIBLY GARLICKY Flavoured Mayo D EM c. 20% in Food Service 'In Home' MAKE TASTE NOT WASTE HELLMANN'S WERE ON THE SIDE OF FOOD REAL UFS Ou Global campaign HELEMANNS DON VICAN WEMA SE HELLMANN'S EST.1913 16#17Unilever NUTRITION Horlicks & Boost: A €0.6bn Functional Nutrition powerhouse, Horlicks acquired in 2020 ALLER CALLY ROVEN Large €0.6bn 1.00 Horlicks CLASSIC MALT 500g Kid's Nutrition PROVEN Very profitable* XE Accretive Boost MINS FY 2021 financials, *GM accretion to total Nutrition business Two strong brands India the primary market Boost Horlicks Horlicks Women's PLUS 100% RDA OF CALCIUM SONE NUTRIT ATION CALSEAL FORMULA SPECIALIS OF VITAMINS D & K2 NUTRITION FOR STRONG BONES caramel NO ADDED SUOM Horlicks Diabetes PLUS NITROC MANAGE LOOD 1-2 SCIENTIFICALLY FORMULATED TO HELP MANAGE BLOOD SUDAR vanilla SUPPORTS WEIGH MANAGEMENT NO ADDED India Horlicks Protein PLUS 34% PROTEIN TRIPLE SCIENTIFICALLY DESIGNED HIGH PROTEIN DRINK High Science Adult Functional Nutrition TS vanilla 17#18Unilever NUTRITION The Vegetarian Butcher: Acquired in 2019 as part of our plant-based strategy Fast growing c. 70% 2Y CAGR THE VEGETARIAN BUTCHER™ Vegetarian UNBELIEVABALLS high protein say-based balls THE VEGETARIAN BUTCHER ™ FY 2021 financials Geography and product expansion WHAT THE CLUCK vegan chicken-style chunks. fuegan Sequential white space entries Wide, locally relevant Butcher's Range THE VEGETARIAN BUTCHER™ Vegan MAGIC MINCE high protein soy-based crumbs fuegan Strong exposure to Food service UFS 'In Home' THE VEGETARIAN BUTCHER Vegan PATTY ON THE BACK fuegant 226 9 2 portions Premium Raw Burger Innovation EXPERT OPINIE/ MAY 25 2022/ BYDORIENDECKERS 1 in 3 burgers at Burger King in Belgium is The Veg Butcher BURGER KING: "1 OP 3 VERKOCHTE WHOPPERS IN BELGIE IS VEGGIE" IN GESPREK MET VIC DRESEN MARKETING MANAGER BELUX BURGER KING Plant-based Menu NEW BURGER KING POWERED F ING www.foodservicealliance.be Try it to Believe it THE VEGETARIAN BUTCHER NEW VEGAN PEPPERONAY AVAILABLE NOW TRY THE TV'NAH SANDWICH The new irresistible Plant-based Tu'nah sandwich now available at Starbucks. Food service Partnerships ACHET + TM 18#19Unilever NUTRITION A global business with good exposure to faster-growing countries and channels 55% in Emerging Markets Developed Markets Top 5: USA Netherlands UK Germany France FY 2021 turnover Emerging Markets Top 5: India China Indonesia Mexico Philippines 1/3 outside of Traditional Retail Away from Home c. 20% (mostly restaurants) e-commerce c. 10% Retail c. 70% 19#20Unilever NUTRITION ..in a growing market with a dynamically changing landscape Strong trends underpinning market growth Ubet Eats COOKING RENAISSANCE FOOD NOW VALUE REDEFINED HEALTHIER LIVING CONSCIOUS CHOICES DIASPORA'S Hybrid Work: 2/3 of Companies Recipe Inspiration Wanted UL Nutrition: >50% e-commerce growth in 2021 Cash Strapped and Flush Top consumer need Plant-based, Food Waste, Plastic, Sustainably Sourced 1 in 25 is a Migrant The Taste of Home to the World ...in a global Food System that needs change 30% of GHG Emissions Deforestation Biodiversity loss Hunger increasing (1 Bn) Obesity, too 1/3 of Food wasted 20#21Unilever NUTRITION Our Ambition: 'To be a World-Class Force for Good in Food' World class = Top third growth & financial performance in the Foods industry Force for Good = Doing well by doing good (for people & planet) 21#22Unilever NUTRITION Unilever Nutrition: Strategic Priorities 1. Ever Healthier Portfolio - increasing our exposure to fast-growing spaces 2. Boldly Healthier Core - holistically superior products, superior every day & seasonal execution, leading the industry 3. Powered by the new Organisation - more category focus and domain expertise 22#23Unilever NUTRITION Ever Healthier Portfolio: 80%+ of sales in growing segments* now, up from < 50% in 2018 2018 Stagnant or Growing Declining Segments Segments Turnover Split ekaterra In THE VEGETARIAN BUTCHER Out BAKING COOKING & SPREADS COMPANY POSIAL Балтимор Horlicks Future Focus *Product segments with market growth in line or ahead the total market (Euromonitor) alsa Functional Nutrition Scratch Cooking Aids BERTOLLI 2021 Stagnant or Declining Segments Growing Segments Turnover Split 23#24Unilever NUTRITION Boldly Healthier Core: Key for people and planet Consumers want to eat healthier 73% intend to eat healthier 41% want to eat more vegetables 1 in 4 reduce salt and meat consumption Companies are expected to act 72% feel companies have a big role in the availability and access of healthy food 2 in 3 more likely to buy from companies with a strong health mandate 1 in 3 are more likely to buy products with sustainable credentials than 2 years ago Sources: i) FMCG GURUS: Evaluating the Uncertainty & Future Outlook of COVID-19; ii) 2020 Global Sweetener report: Health Focus; iii) Kantar Epanel Understanding Healthy Eating; iv) Euromonitor International's Voice of the Consumer: Health and Nutrition Survey; v) NielsenIQ: An inside look into the 2021 global consumer health and wellness revolution and Global Health & Wellness study 24#25Unilever NUTRITION Boldly Healthier Core: A new product design framework for Holistic Product Superiority Old PRODUCT PERFORMANCE Product Benchmarking New Framework (from 2019) REAL HONEST AUTHENTIC Clean & Clear Ingredient Label BETTER FOR PLANET Sustainable Packaging & Sourcing BETTER FOR ME Sustainable Nutrition PRODUCT PERFORMANCE Product Benchmarking Holistically Superior* 75% 2019 88% 2021 *within luated products, c.50% of Nutrition turnover 25#26Unilever NUTRITION Boldly Healthier Core: Recent holistic superiority examples Knorr CALDO DE POLLO REDUCIDO 25% EN SODIO DELICIOSO SABOR nuestro Compromiso Sabor irresistible, menos sodio* Sin conservadores** Foto ilustrativa Cont. Neto 63 g (6 cubos) *Comparado con Knorr Caldo de Pollo regular en cubo HELLMANN'S EST.1913 VEGAN MAYO SAME GREAT TASTE, 100% PLANT BASED VEGAN Growth & Margin accretion ***** Less and NO salt 500 rendida + MÁS + PORCIONES 16 25 SIN CON RINDE MAS Segin instrucciones de preparacion SINCE 1838 Knorr Knorr RINDE MÁS Rendidor y sazonador para carne molida Veggie STOCK CUBES Energy 38 kJ Fat Saturates Sugars Salt <0.5 g Og 0.2 g <0.5 g 9 kcal <1% <1% 1% <1% 0%* Energy per 100ml: 38 kJ/9 kcal - NUEVO 20 care sa 88709 154 BBQ 160g More plant based DED MENDE DE VEGETARISCHE SLAGER™ Vegan KIPSTUCKJES veganistische stukjes op basis van soja, rijk aan wil de netmums CON fuegan ZERO 8x SALT Our Promise Full of flavour, with sustainably farmed veggies Gluten free 0% SUGAR NEW 100% TASTE 100% TASTE 0% SUGAR Lipton. ZERO SUGAR Peach ICE TEA Royco BUMBU KALDU RASA AYAM Komitmen Kami Rasa Ayam Berkualitas Yang Direbus Lama Gorom Berlodium Chat NO Sugar Royco BUMBU KALDU RASA AYAM Strong growth Reduce Sugar Tax exposure 100 SUGAR Lipton Green ZERO ICE TEA SUGAR Fortification petillant TM 100% REDBLE Komitmen Kami Rasa Ayam Berkualitas Yang Direbus Lama Garam Beriodium 26#27Unilever NUTRITION Boldly Healthier Core: Enabled by the world-class R&D expertise Microstructure & Texture Innovative Processing Culinary Experience PATENTED PATENTED Positive Nutrition Natural Protection Circular Packaging Headquarter @ The Hive, the €85m Innovation Centre in the 'Silicon Valley of Food' in the Netherlands BERK 1355 hive Unilever Foods Innovation Centre 27#28Unilever NUTRITION Boldly Healthier Core: Comes to life with outstanding execution - every day HELLMANN MAYD HELL TU GUTES UBER DEN kaufen REAL TELLERRAND HINAU 100% FREE HELLMANN REAL Sa Knoss MEDT mest In-store HELLMANN'S OF LIGHT 100% MAKE TASTE NOT WASTE Scan do cade lowd your FREE WASTNSFOR E HACK ON MOD MA 25 kaufen GRATIS Knorr *** K 40 Verzaubere dein Lieblinsgericht Bert Coac Knorr, Knorr MAKE TASTE NOT WASTE FREE COMMENTFOOR 940 n JULEL Online Recepedia China Knorr - Local celebrity endorsement as a part of our shoppable content ecosystem 28#29Unilever NUTRITION Royco Knorr Knorr Knorr Winning every season Ramadan IFTAR VAKTI KNORR VAKTİ Knorr Royco HORY K RASA AYAM Knorr CHICKEN METEO Rendang Kentang Jamur Sajikan berkah kebaikan dalam kelezatan dengan Royco *Dibandingkan dengan produk Royco sebelumnya IFTAR VAKTI KNORR VAKTİ Lezzetlykten KNORR VAKTI Eat for Good Share t Good Ramadan Kareer KALDU TERBAIK Unilever Knar Knorr Ramadan MAGIC Superbowl SCORE BIG WITH GAME DAY DIPS FEEE HELLMANN'S TOME Onion HELLMANS www HELLMANN'S REAL WATERBERE bao CUSTOM C GRILL UP BOOTIMES GEILL IP 4000 S ENCKISE Knorr BBQ Season GRILL UP GOOD TIMES AVERITES 20 ww ***** $749 2/3 D SANTEH E DINNERS CREATE A FAMILY FAVORITE TONIGHT! FWD RECIPES AT WWW.KNO.COM N MIX IT UP THIS BBQ SEASON HELLMANN'S AG 2/$3 Knorr www 3 HELLMANN'S 53 VECAN 29#30Unilever NUTRITION Industry-leading Boldly Healthier initiatives... 'Future Food' Commitments €1 billion plant-based meat and dairy sales (by 2025-27) Halve food waste in our direct operations by 2025 2x the number of products that deliver positive nutrition by 2025 Continue to lower calories, salt and sugar November 2020 Regenerative Agriculture Knorr launches regenerative agriculture projects to reduce food's climate impact Published: 01/11/2021 Average read time: 2 minutes Knorr's plan for 50 regenerative agriculture projects is predicted to reduce greenhouse gas emissions and water use by an estimated 30% while improving biodiversity, soil health and livelihoods. November 2021 Positive Nutrition Unilever to set new benchmark for Healthy Nutrition Published: 07/03/2022 Average read time: 3 minutes Unilever today announced that it will be the first global Foods company to publicly report the performance of its product portfolio against at least six different government-endorsed Nutrient Profile Models (NPM) as well as its own Highest Nutritional Standards (HNS). March 2022 30#31Unilever NUTRITION The new Unilever organisation is an opportunity for Nutrition Simpler, Faster, More Agile Direct P&L ownership and resource allocation Direct Supply Chain ownership Category focus and domain expertise Alth hive Unilever Foods Innovation Centre Walmart Unilever Food Solutions More empowered and accountable Matrix Organizati'. Project A Project B Project C HR 4 Finance IT Marketing Operations For ************* 00000 0000000000 'We are all chefs' D 31#32Unilever NUTRITION ● In summary We have a very attractive Nutrition business... ... with a transformed portfolio Our focus on boldly healthier products positions us well for the future The business will be enhanced by the new organisation 32#33Unilever at Deutsche Bank Graeme Pitkethly & Hanneke Faber Paris, 15th June 2022 30 HELLMANN'S HELLMANN'S HELLMANN'S EST.1913 EST.1913 VEGAN MAYO CHIPOTLE VEGAN VEGAN MAYO BACONNAISE VEGAN VEGAN MAYO GARLIC Unilever NUTRITION Al VEGAN