#1Unilever Q1 2022 Trading Statement Alan Jope & Graeme Pitkethly 28th April 2022 Jed סורו Lexm opinby гор OWO JULI INNO2+ PINDE 3L + ECONÓMICO matic OMO detergente líquido para DILUIR ECOLÓGICO NUEVO detergente líquido OMO PARA DILUIR RINDE 3L + ECONÓMICO + ECOLÓGICO 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. 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. 2#3Alan Jope Unilever Q1 2022 Trading Statement 28th April 2022 Jed סורו Lexm opinby гор OWO JULI INNO2+ PINDE 3L + ECONÓMICO matic OMO detergente líquido para DILUIR ECOLÓGICO NUEVO detergente líquido OMO PARA DILUIR RINDE 3L + ECONÓMICO + ECOLÓGICO U Unilever#4Unilever Contents Q1 2022 Overview & Strategic Priorities Q1 2022 Results & Outlook Alan Jope Graeme Pitkethly#5Unilever Challenging operating environment Heightened Inflation Significantly increased Net Material Inflation Russia / Ukraine Unilever Focused on employee safety We will not profit from Russia Covid Continues TE AURORA Recent China lockdowns Freeanz Photograp 5#6Unilever Q1 2022 Delivery Q1 Growth Underlying Sales Growth 7.3% -1% Underlying Volume Growth ¹Moving Annual Total / Last 52 weeks 0.3% Pricing Growth 1.0% 1.6% 4.1% 4.9% 8.3% FY'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Competitive Growth 58% % Business Winning MAT¹ 6#7Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMs 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 7#8Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMS 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 8#9Unilever 1. Winning with our brands 13 €1bn+ brands 51% of turnover 8.8% Q1'22 USG Dove Rexona LUX Knorr M MAGNUM Sunlight BEN&JERRY'S OMO sunsilk HELLMANN'S EST.1913 Lipton AXE a#10Unilever ● ● 1. Winning with our brands Beauty & Personal Care Bigger, better innovations and product superiority Positive Beauty Dove deep moisture neishes the drie sk noun lopesula plus che Transforms even the driest skin in just one shower. New Dove body wash with microbiome nutrient serum. 4' 4 4 Dove Dove Dove Made O Let's Change Beauty Superior product, winning proposition 98% biodegradable formulation Knorr Foods & Refreshment Chicken STOCK CUBES ZERO SALT Our Promise Future Foods Knorr Veggie STOCK CUBES ZERO SALT Our Promise Full of flavour, with sustainably formed veggies horr Beef TOCK CUBES Rich in flavour, zero salt Supports transition to healthier nutrition ZERO SALT Our Promise Full of flavour, me with been ● ● BUB OMO Home Care Clean Future UNBEATABLE STAIN REMOVAL 1ST TIME BATUBALIO DERIVED CLEANING AMENTS RECTABLE BEFORE AFTER DIRT IS GOOD X Naturally derived cleaning enzymes Superior cleaning at lowest washing temperatures 10#11Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMS 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 11#12Unilever 2. Portfolio change Total Acquisitions Q1 '22 USG contribution (bps contribution to Q1 '22 USG from acquisitions since '17) USG acquisitions USG excl. acquisitions 7.3% 0.8% 6.5% Prestige Beauty EXFOLIATE Murad. USG Q1 14% RESURGENCE Targeted Wrinkle Corrector Correcteur ciblé pour les rides High Growth Spaces BALANCE Living proof full dry volume & texture spray gesk weubles 28211750 special eansing dermalogica ¹Health Food Drinks + Vitamins, Minerals & Supplements Functional Nutrition¹ OLLY CLEANSING CRANBERRY Cranberry & Vitamin C MULTIPLIER OLLY BEAT THE BLOAT USG Q1 18% OLLY. MISS MELLOW 30 REASURE www LIQUIDIV HYDRATION MULTIPLIER ELECTROLYZE DRINK A CD GRAPE 45 OLLY. C ACTIVE ELDERBY NYDRATION ACEAST LIQUIDIV HYDRATION MULTIPLIER ELECTROLYTE DRIK ONCORD GRAPE OLLY. IMMUNITY SLEEP +ELDERBERRY O 12#13Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMS 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 13#14Unilever 3. Accelerating in USA, India and China USG% Q1 '22 USG% Q1 '21 FY Turnover Growth (€bn) 8.3 €9.9bn FY'21 TO 8.9% 4.7% FY '18 FY '19 FY '20 9.9 FY '21 4.6 FY '18 €5.6bn FY'21 TO 10.4% 21.4% FY '19 FY '20 5.6 FY '21 2.6 FY '18 €3.3bn FY'21 TO 6.4% 30.9% FY '19 FY '20 3.3 FY '21 14#15Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMS 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 15#16Unilever 4. Channels - eCommerce * Omni +5% 2% 27% Q1 2022 eCom growth '16 '17 E2 Alibaba.com Pure play +8% '18 eCom TO contribution '19 COMPRA AGORA '20 eB2B +67% 14% '21 Q1 '22 REUSE YOUR BOTTLE FOR LIFE MADE OF 100% RECYCLED PLASTIC Channel-specific Innovation REFILL FOR DILUTION Persil ecorefill bio O LEVER Ps+water 441 PLANT-BASED STAIN REMOVERS 86% LESS PLASTIC Dove BO WAKE Dove Buy refer 50% LESS PLASTIC Dove Dove Dove Dry West Robyn Draag het een keertje extra Robijn NEW Dove body wash reusable bottle & concentrate refill Less Plastic ✓ Less Water Shipped v More ways to care v REUSABLE IS Beautiful nieuw Robijn DRY WASH SPRAY Kleding Pink Sensation nieuw Robin DRY WASH SPRAY nsboute Original 8 16#17Unilever Five clear strategic priorities 1. Win with brands and innovation 2. Move portfolio into high growth spaces 3. Accelerate USA, India, China and EMS 4. Lead in channels of the future 5. Purpose -led, future-fit organisation & culture 17#18Unilever ● ● ● ● 5. A new, future-fit organisation Simpler, faster, more agile More category-focus Greater empowerment and accountability On track for July 2022 Business Groups Beauty & Wellbeing Unilever Corporate Centre Personal Care Home Care Nutrition Unilever Business Operations Ice Cream 18#19Graeme Pitkethly Q1 2022 Results 28th April 2022 Jed סורו Lexm opinby гор OWO JULI INNO2+ PINDE 3L + ECONÓMICO matic OMO detergente líquido para DILUIR ECOLÓGICO NUEVO detergente líquido OMO PARA DILUIR RINDE 3L + ECONÓMICO + ECOLÓGICO Unilever#20Unilever Results summary ● ● Underlying Sales Growth ● 7.3% Q1 USG -1% Q1 UVG 8.3% Q1 UPG A solid quarter, with a strong topline across all divisions Landing pricing in response to further rises in input costs Carefully managing volume impact around the business USG 5.7% UPG UVG Q1'21 5.0% 2.5% Q2'21 Q3'21 4.9% Q4'21 7.3% 8.3% -1% Q1'22 20#21Unilever USG UPG UVG USG UPG UVG Regional growth by quarter 9.9% Q1'21 4.3% Q1'21 Asia / AMET / RUB €7bn TO 5.7% Q2'21 1.1% Q2'21 2.3% Q3'21 North America €3bn TO 2.0% Q3'21 5.7% Q4'21 6.5% Q4'21 9.1% 8.5% 0.5% Q1'22 8.5% 6.6% 1.8% Q1'22 7.2% Q1'21 -2.3% Q1'21 11.9% Q2'21 4.0% Q2'21 Latin America €2bn TO 8.7% Q3'21 Europe €3bn TO 0.3% Q3'21 8.5% Q4'21 -0.8% Q4'21 9.8% 16.4% -5.7% Q1'22 0.7% 5.4% -4.4% Q1'22 21#22Unilever Q1 2022: Turnover growth €12.3bn Q1 2021 (1)% UVG USG 7.3% 8.3% UPG +11.8% 0.7% A&D 0.6% (0.1)% Acquisitions Disposals €13.5bn Q1 2022 (Constant) 3.5% Currency €13.8bn Q1 2022 (Current) 22#23Unilever ● ● ● Beauty & Personal Care 7.1% Q1 USG (0.3)% Q1 UVG 7.4% Q1 UPG Pricing accelerated across all categories Some volume impact in Hair and Skin Cleansing Another strong quarter for Prestige, with double digit growth Rexona Growth Segments LUX Flaw-Less Skin بشرة مقالب Best 72-hour protection Growth Geographies LILY Vitamin C+E, Glycerine UPGRADE TODAY FIRST EVER 72H NONSTOP PROTECTION WITH MOTIONSENSE وسنامين وره السامي لورد واليناست HAKTHROU It Won't Let You Down. VITAMIN C Unilev FIRST STEP TO YOUR FLAW-LESS COMPLEXION New Lux bars Rexona Rexona 72H VITAENS GLYCERINE LUX Growth Channels 2倍补水去屑力 含头皮水养精华层层渗透 CLEAR清扬 -48h | 新配方 Clear China relaunch Purposeful Brands protection T kind after shaving CLEAR 清扬去同 多效水術修护型: NEW Dove with 100% natural caring oil. Our best care for all underarms. A Dove Gw Enillion Dove N original Dove deodorant relaunch 23#24Unilever ● ● ● ● Foods & Refreshment 6.5% Q1 USG (0.6)% Q1 UVG 7.1% Q1 UPG Good In-home growth off a strong comparator Hellmann's double digit growth; Knorr and Magnum high single- digit Food service now back above pre- Covid-19 (+8% vs 2019) Strong Out of Home Ice Cream momentum Growth Segments HELLMANN'S HELLMANN'S HELLMANN'S EST.1913 EST.1913 VEGAN CHIPOTLE MAYO VEGAN MAYO BACONNAISE Plant-based alternatives NUEVO RINDE MÁS DE Knorr Growth Geographies VEGAN MAYO GARLIC Knorr RINDE MÁS WATCH ¡PRUÉBALO YA! +RENDIMIENTO +SABOR +AHORRO COME MAS VERDURAS Value and health Growth Channels DE VEGETARISCHE SLAGER™ S PLUIMFEEST BURGER sche burger pan Vegan mit vitamine B bron vane 100 ge vegan 2 stuks SAY YES TO OUR PEPPERONAY plant-based NEW The new irresistible Vegan PepperoNAY pizza now available at Domino's. G E Domino's The Vegetarian Butcher Purposeful Brands 08 COCO FO MAYO FO FOR 51 TACKLES FOOD WASTE HELLMANN'S Hellmann's 'reduce food waste' 24#25Unilever ● ● Home Care 9.2% Q1 USG (2.9)% Q1 UVG 12.5% Q1 UPG Double digit growth in Fabric Cleaning, led by price Fabric Enhancers off to a solid start in key markets Clean Future innovations landing across markets Home & Hygiene lapping a high base (+10% up on 2019) Growth Segments WITHOUT COMFORT THE ROSA Sunlight MEM DIU SKV 100% PROTECT CLOTHES AGAINST THE DAMAGE OF WASHING Superior fabric conditioner Growth Geographies COMFORT NEW NEW Comfort ultimate care Sunlight 100% 0% NATURAL* DISHWASH MILD ON HANDS With Japanese sakura and grapefruit fragrance Bio-surfactant hand dishwash Comfort 第一芍白茶 Pa 金纺 埃新护衣留香珠 1 PEONY eje Growth Channels R 使香料技 480 Comfort Comfort Comfort mfort 金纺 金纺 金纺 ******* 焕新护衣留香珠 黑法草+西起家 200g 链香料技 488 **: 200g HASTA 20% DE AHORRO 2001- 锁香科技 450 净含量:200g RINDE 3L. 新护衣甜香珠 ***8 **-140 锁器科技 43 Comfort fragrance beads China Purposeful Brands * 锁骨科技 48小社特大醫書个 * 2000 ZABAM 24 Omfort Comfort 金纺 滨新护农國香珠 城新护有關香豌 锁香科技 48MA NUEVO KalaPARA DILUIR jabón líquido IMBATIBLE CONTRA LAS MANCHAS US PRECIO SUGERIDO ALA REPUESTO ECONÓMICO. OMO's 90% plastic reduction 25#26Unilever -9% Tea Further inflationary pressure March vs January -6% Coffee 0% Cocoa 5% Sugar Based on average spot prices Source: Reuters, World Bank Pink Sheets 11% 12% Palm Kernel 13% Polypropylene) 16% 0 0 0 0 1 Aluminium Natural gas US 21% 30% Maize 32% Wheat 33% Crude Palm 35% Soybean Oil 50% Brent Crude Natural gas Europe 26#27Unilever Commodities at the top-end of 10-year trading ranges 10-year ranges (avg. spot price for each period) 2016 2017 2018 2019 2020 2021 Jan'22 Feb'22 Mar 22 1,777 UL commodity basket (Proportion of '21 spend by commodity group) Palm ~€2.5bn Crude Palm and Palm Kernel Agriculture excl. Palm ~€4.5bn Soybean Oil, grains, vegetables, sugar, starch, fruit, tea, coffee, dairy Crude Derivatives ~€5bn Resin packaging, petrochemicals Others ~€5bn Chemicals, flavours, fragrances, cartons, aluminium Source: World Bank Pink Sheets Crude Palm ($/mt) Palm Kernel ($/mt) Soybean Oil ($/mt) Brent Crude ($/bbl) Aluminium ($/mt) 2013 2014 2015 871 897 1,055 109 1,847 837 1,120 906 99 1,867 663 903 756 52 736 1,301 1,288 815 44 751 1,665 1,604 850 54 1,968 639 926 789 71 2,108 601 665 765 64 1,794 752 824 838 42 1,704 1,131 1,533 70 1,345 1,385 1,470 2,473 2,196 86 1,522 2,443 2,441 1,596 96 1,957 116 3,498 3,246 3,006 Mar '22 index (vs '20 at 100) 236 296 234 273 205 27#28Unilever GM (bps) UPG% NMI¹ (€bn) Unprecedented levels of inflation (150) 100 (30) (160) 30 110 10 80 50 60 50 30 (55) (120) 7.2% Expect margins to be restored during 2023 and 2024 2.4 4.8% 1.4 3.3% 0.6 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 ¹Net Material Inflation = market inflation post impacts of hedging, procurement actions, product reformulations and currency movements 1.6% 0.3% 0.2 0.1 2.9% 1.3 8.3% Q1 2019 2020 2021 3.6 1.5 2.1 4.8 2.7 H2 2.1 H1 2022 2022 Jan Latest View View 28#29Unilever Outlook 2022 Priorities Continuing growth momentum Invest for growth while managing inflationary pressure Implementing new operating model Maintaining cost and savings discipline 2022 Guidance Towards top end of 4.5-6.5% growth range, led by price Maintain competitive levels of spend in BMI, R&D and Capex through turbulent period ● • H1 UOM 16-17% ● • FY UOM at the bottom end of 16-17% range Expect to restore margin during 2023 and 2024 29#30Unilever Q1 2022 Trading Statement Alan Jope & Graeme Pitkethly 28th April 2022 Jed סורו Lexm opinby гор OWO JULI INNO2+ PINDE 3L + ECONÓMICO matic OMO detergente líquido para DILUIR ECOLÓGICO NUEVO detergente líquido OMO PARA DILUIR RINDE 3L + ECONÓMICO + ECOLÓGICO Unilever