#1Innovation at Unilever: Deep dive webcast Richard Slater Chief R&D Officer 23rd June 2021 Dove 5 thre ring Dove glowing Dove purifying detox Unilever Dove deep moisture kin-natural nourishers#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. 2#3Unilever Innovation: One of Unilever's 5 strategic choices 1. Develop our portfolio into high growth spaces 2. Win with our brands as a force for good, powered by purpose and innovation 3 Accelerate in USA, India, China and leverage emerging markets strength 4. Lead in the channels of the future 5. Build a purpose-led, future-fit organisation and growth culture Operational Excellence 3#4Unilever Innovation at Unilever ● World-class R&D Delivering superior and sustainable innovations for competitive advantage Focused science and technology initiatives Developing science and technology for the future Transformed innovation portfolio Clear priorities, focus on bigger projects and discipline in execution Delivering strategy through innovation To transform the core, premiumise and access high growth spaces#5Unilever Innovation at Unilever ● World-class R&D Focused science and technology initiatives Transformed innovation portfolio Delivering strategy through innovation 5#6Unilever Creating superior and sustainable products Unilever TOUGHER ON STAINS NEW So Q PLANT BASED 100% RECYCLED BOTTLE STAIN REMOVERS + Persil bio 38 3 DIRT IS GOOD KINDER TO OUR WORLD DIRT IS GOOD X Lifebuoy buoy Lifebuoy SOFT-SURFACE DISINFECTANT KILLS 99.9% GERMS BotaniTECH™ WENGINEMENTS (0) PERMATOLOGICALLY TESTED Soft Surface Disinfectant Brutal on germs. Up to 24h Antibacterial Protection Kills 99.99% of bacteria & viruses Gentle on you. NEW 6#7Unilever A world-class R&D function Deep science and technology expertise 5,000 colleagues, 51% female >20,000 patents Global scale and local knowledge Eight global technology hubs Ten regional innovation hubs Innovative partner ecosystem Local presence in >60 markets >1 billion digital connections every day Consumer obsession Automated labs of the future Deep local connection and insights Cutting-edge digital technology Agile, consumer- centric innovation Rapid, superior product design Al accelerating product innovation 7#8Unilever Innovation at Unilever World-class R&D Focused science and technology initiatives Transformed innovation portfolio Delivering strategy through innovation 8#9Unilever Focused science and technology initiatives Renewable ingredients LO O 3 examples Next generation biology Plant-based a#10Unilever Focused science and technology initiatives Bio-surfactants Sunlight A MEM DIU S 100% The Vi 100% MOI THÀNH PHẦN LÀM SẠCH GỐC THỰC VẬT MỀM DỊU VỚI DA TAY Renewable and biodegradable Harnessing bio-technology Superior mildness Renewable ingredients Carbon capture OMO 田珠 2013 OR FRANKE RA URL. 歐洲樱花手 净含量: x)同步 World-first innovative pilot Surfactant from waste emissions 'Test and learn' launch in China Plastics alternatives Skip OMO 00 X Persil First-ever paper detergent pilot Sustainably-sourced pulp Collaboration with Pulpex 10#11Unilever Focused science and technology initiatives Microbiome Biome key for skin, hair, oral and gut wellbeing World-leader, >100 patents Innovative partnerships Next generation biology Skin barrier Dove Competitors Novel pro-lipids technology Stimulates skin to self-repair Clinically proven to work on driest skin in 2 hours Lifebuoy Immunity Lifebuoy Activ Silver+ works with your SKIN'S IMMUNITY and fights germs" WORLD'S NO Lifebuoy Clinically-proven, superior technology Stimulating skin's natural immunity NEW Proven effective on Covid-19 viruses 11#12Unilever Focused science and technology initiatives: Plant-based Dairy-free and vegan HELLMANN'S EST.1913 HELLMANN'S VEGAN MAYO BO HELLMANN'S VEGAN MAYO HELLMANN'S HELLMANN'S VEGAN VEGAN MAYO MAYO New Food Innovation Centre Taste and structure is key Launched on biggest brands Plant-based Meat alternatives CORE= G THE VEGETARIAN BUTCHER PATTY ON THE BACK High- PREMIUM BURGER fuegan 226 ge 2 portions Sustainable and plant-based Superior taste and texture Novel partnerships (Biotech) Green polymers × Removes stains first time ole Made with plant-based stain removers Alternative to petrochemicals Superior stain removal Renewable and biodegradable 12#13Unilever Innovation at Unilever World-class R&D Focused science and technology initiatives Transformed innovation portfolio Delivering strategy through innovation 13#14Unilever Transforming how we innovate Sharper innovation strategies New innovation strategies for all categories Choices behind high growth spaces Focus on differentiated technologies and winning products Superior Products Doubled testing vs 2019 From <50% to >65% of turnover tested winning Developed a new 'holistic superiority' approach Fewer, bigger activities executed with discipline X More than doubled project size Stopped >30% of projects Cut time to market by 30%#15Unilever Innovation at Unilever World-class R&D Focused science and technology initiatives Transformed innovation portfolio Delivering strategy through innovation 15#16Unilever Delivering strategy through innovation S Core Transformation Premiumisation Mi Future Growth Spaces 16#17Unilever Delivering strategy through innovation Ⓒ Core Transformation Premiumisation Mi Future Growth Spaces 17#18Unilever Rexona - Superior performance at the core 81% of people experience wetness and odour issues Unique, patented technology, 72-hour protection Superior vs competition Rexona NEW FIRST EVER 72H NONSTOP PROTECTION HOWEVER MUCH YOU MOVE Rexona 72H ACTIVADO POR EL MOVIMIENTO SENSITIVE NO IRRITA LA PIEL DERMATOLOGICAMENTE PROBADO 150ml-89 Rexona 72H ACTIVADO POR EL MOVIMIENTO XTRACOOL AVTRANSPIRANTE F 150 ml-89 Rexona 72H ACTIVADO POR EL MOVIMIENTO V8 ANTORANSPMANTEALON 150 ml-89 NETO Rexona 72H ACTIVADO POR EL MOVIMIENTO IVE DRY AATITRANSPARANTE ARE 150 ml-89 CONT Rexona Rexona Rexona 72H ATIVADO PELO MOVIMENTO COTTON DRY 72H ATIVADO PELO MOVIMENTO POWDER DRY Core Transformation DE PROTEÇÃO SECAE FRESCA ANTITRANSPIRANTE AEROSOL DE PROTEÇÃO SECAE FRESCH ANTITRANSPIRANTE AEROSO 72H ATIVADO PELO MOVIMENTO ACTIVE EMOTION DE PROTEÇÃO SECA FRESCA AASITRANSPIRANTES Rexona 72H ATIVADO PELO MOVIMENTO BAMBOO DE PROTEÇÃO SECA FRESCA ANTIGRANTE COOL It Won't Let You Down. 18#19Unilever Knorr - Healthier portfolio transformation Reducing salt a key WHO nutrition objective 1000s of digital experiments in rapid time Patented technology: all the taste but zero salt Knorr SINCE 1038 Knorr SINCE 1838 Veggie BOUILLON NEW S RICH FLAVOUR Core Transformation WITH ZERO SALT ZERO SALT Our Promise Full of flavour, with sustainably farmed veggies Gluten free Zero Salt 19#20Unilever Dove body wash - Proven superior mildness Clinically-proven, superior moisturisation on core body wash Patented, '12-HSA' technology; skin care benefits on a wash-off Sustainable packaging; 100% recycled bottles Dove pampering shea butter nourish Dove glowing 3ww butter & Dove purifying detox Dove deep moisture skin-natural nourishers only soft skin Dove renewing S Dove sensitive skin hypoallergenic es skin NEW formula with skin-natural moisturizers for instantly soft skin & lasting nourishment. Proven lasting care for the skin you live in. Core Transformation NEW FORMULA 100% recycled bottle .moisture renew blend 20#21Unilever OMO Concentrate - Unbeatable cleaning & affordability S Largest laundry brand in Latin America Dilute at home format uses 75% less plastic, less water and chemicals Affordable and convenient, driving market share performance * OMO REFIL REFIL RL ATE 25% DESCONTO OMO lavagemperfeita PARA DILUIR 500 ml 500ml faz 3 REFIL REFIL R ATE 25% BE DESCONTO Brilhante LIMPEZA TOTAL ROM TECHOLOGIE BRILHO ATIVO PARA DILUIR 500ml 500ml faz 3 Core Transformation 21#22Unilever Delivering strategy through innovation G Core Transformation Premiumisation mi Future Growth Spaces 22#23Unilever M MAGNUM Magnum Double Caramel – True to pleasure 38862 MAGNUM® true to pleasure M MAGNUM ALMOND M CM DOUBLE RUBY BERRIES&CREAM M MM M MAGNUM MAGNUM MAGNUM WHITE CHOCOLATE MAGNUM M CLASSIC DOUBLE "GOLD CARAMEL BILLIONAIRE MAGNUM M RECYCL NEW DOUBLE GOLD CARAMEL BILLIONAIRE MADE TO BE BROKEN USES PLASTIC Premiumisation Magnum pints - highly successful format innovation Unique double layer technology with superior taste and sensory experience Advanced food- grade recycling technology - 100% recycled tubs 23#24Unilever Lux Botanicals - Premium, nature-based innovation 全新 LUX 精致植物芬芳 绽放灵动魅力 LUX BOTANICALS 溫周煥活 天堂鸟兽与捜结对接連 Chlo RR-550) STORY LUX BOTANICALS NEW LUX BOTANICALS WITH HONEY FOR NATURALLY GLOWING SKIN NEW LUX BOTANICALS *********************** GLOWING SKIN LOTUS & HONEY CREATED FR PARABEN LUX BOTANICALS Premiumisation Exotic sensorials and clinically-proven skin care benefits Locally tailored, launched in China ecommerce, rolling out across Asia Facilitating trade-up from bar soap to liquids 24#25Unilever Dove Hair Therapy: Premium skin care into hair care *3-step system vs. non conditioning shampoo Dove hair therapy care of hair's celular level breakage remedy shampoo/shampooing nutrient-lock serum +97% less breakage +97% moins de cassures Dove hoir therap breakage Dove V hair therapy care at hair's celular level NEW Breakage Remedy Instantly strengthens hair at a cellular level. 97% less breakage after one use*. Dove hoir therap Unilever Dove Nutrient-lock-serum Premiumisation Premium hair care segment growing at 30% Patented formula with clinically-proven superiority to luxury brands 160 API vs core range 25#26Unilever Dove Refillable Deo - Premium and sustainable KIND TO YOUR SKIN, KIND TO THE PLANET New Dove 0% aluminum deodorant, Buy once, refill for life Premiumisation Buy once and refill 50% less plastic 98% recycled plastic 100% recyclable Premium design and ecommerce potential Ultra mild to skin and 48 hour odour protection 26#27Unilever Delivering strategy through innovation G Core Transformation Premiumisation mi Future Growth Spaces 27#28Unilever Innovation in high growth spaces Lifebuoy Lifebuoy DISINFECTANT HILLS S BotaniTECH Soft Surface Di Laundry Brutal on germs. Up to 24h Antibacterial Protection Kills 99.99% of bacteria & viruses Hygiene * il Home & Hygiene I I I I Skin Cleansing I I 3D KOREAN GLOW new POWER SERUM brighten smooth and hydrate Skin care Deodorants 60x VITAMIN Oral Care Prestige beauty Hair Care Skin Care I Prestige Beauty I I I I OLLY Functional nutrition I I BEAUTY BEAUTÉ I Functional Nutrition I Mi I I Plant-based Foods | Future Growth Spaces Berkil Plant-based foods Scratch Cooking Ice Cream Priority focus area#29Unilever Olly - Innovation-led growth OLLY LOVIN' LIBIDO OLLY. SUPPORTS A HEALTHY DRIVE & SENSATION OLLY. Ashwagandha, Damiana & Maca CAPSULES DISTARY SUPPLEMENT HAPPY HOO-HA SUPPORTS VAGINAL HEALTH & pH BALANCE Multi-Strain Female-Focused Probiotic 25 CAPSULES DIETARY SUPPLEMENT OLLY. CLEANSING CRANBERRY SUPPORTS URINARY TRACT HEALTH Cranberry & Vitamin C 40 CAPSULES DIETARY SUPPLEMENT OLLY BEAT THE BLOAT REDUCES BELLY BLOAT Digestive Enzymes, Dandelion, Ginger & Fennel CAPSULES DIETARY SUPPLEMENT OLLY. MISS MELLOW SUPPORTS A BALANCED MOOD Chasteberry, Isoflavones & Dong Quai 30 CAPSULES DIETARY SUPPLEMENT Mi Future Growth Spaces Ambition for €3 billion Functional Nutrition business over next few years Clear and simple consumer benefit- focused variants and accessible formats Opportunity to leverage Unilever scale science & technology 29#30Unilever HOURGLASS Hourglass Red 0 - Prestige vegan beauty RED O mi Future Growth Spaces Unilever R&D expertise applied to Prestige beauty First vegan alternative to carmine (beetles) Cruelty-free, with no compromise to colour, vibrancy and intensity 30#31Unilever Summary: Innovation at Unilever ● World-class R&D Delivering superior and sustainable innovations for competitive advantage Focused science and technology initiatives Developing science and technology for the future Transformed innovation portfolio Clear priorities, focus on bigger projects and discipline in execution Delivering strategy through innovation To transform the core, premiumise and access high growth spaces 31#32Innovation at Unilever: Deep dive webcast Richard Slater Chief R&D Officer 23rd June 2021 Dove 5 thre ring Dove glowing Dove purifying detox Unilever Dove deep moisture kin-natural nourishers