#1Unilever H12023 Results HEIN SCHUMACHER & GRAEME PITKETHLY 25 JUL 2023 Unilever M ROASTED GARLIC Knorr. BILLIONA L'AIL ROTI ela 160 g M MAGNUM DOUBLE SUNLOVER WHITE CHOCOLATE, MANGO SAUCE. COCONUT NEW NOUVEAU ZERO SALT/SEL Our Promise Notre promesse Made With Real Vegetables & Spice Fait de légumes et d'épices véritable LUX Magical Orchid Opulent Fragrance LUX EVERSCENT FRAGRANCE TECHNOLOGY™ 24. LONG-LASTING HOURS FRAGRANCE Fine Fragrance Body Wash PLASTIC-FREE BOX" *Persil 3IN1bio CAPSULES 10 COLCHILAR ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule TA CHA THE DEWY SKIN CREAM#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#3Unilever H12023 Results HEIN SCHUMACHER BILLIONA L'AIL ROTI Knorr. ROASTED GARLIC OF 160 g M MAGNUM DOUBLE SUNLOVER WHITE CHOCOLATE, MANGO SAUCE. COCONUT NEW NOUVEAU ZERO SALT/SEL Our Promise Notre promesse Made With Real Vegetables & Spice Fait de légumes et d'épices véritable LUX Magical Orchid Opulent Fragrance LUX EVERSCENT FRAGRANCE TECHNOLOGY™ 24. LONG-LASTING HOURS FRAGRANCE Fine Fragrance Body Wash PLASTIC-FREE BOX" *Persil 3IN1bio CAPSULES 10 COLCHILAR ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule TA CHA THE DEWY SKIN CREAM#4Unilever Unilever CEO: first impressions $ LIFEBUOY ES#5Unilever H12023 Results GRAEME PITKETHLY BILLIONA L'AIL ROTI Knorr. ROASTED GARLIC OF 160 g M MAGNUM DOUBLE SUNLOVER WHITE CHOCOLATE, MANGO SAUCE. COCONUT NEW NOUVEAU ZERO SALT/SEL Our Promise Notre promesse Made With Real Vegetables & Spice Fait de légumes et d'épices véritable LUX Magical Orchid Opulent Fragrance LUX EVERSCENT FRAGRANCE TECHNOLOGY™ 24. LONG-LASTING HOURS FRAGRANCE Fine Fragrance Body Wash PLASTIC-FREE BOX" *Persil 3IN1bio CAPSULES 10 COLCHILAR ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule TA CHA THE DEWY SKIN CREAM#6Unilever Performance highlights Continued growth across all Business Groups Growth remains price driven with volumes stable Gross margin improving. Brand & marketing investment increased New organisation driving sharper strategies and choices 6#7Unilever Performance summary Q2 growth 7.9% Underlying sales growth 8.2% (0.3)% UPG UVG H1 growth 9.1% Underlying sales growth 9.4% (0.2)% UPG UVG Price and volume UPG 11.2% (2.1)% UVG 12.5% (1.6)% 13.3% (3.6)% 10.7% 8.2% (0.2)% (0.3)% Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Competitiveness 41% Business Winning MAT¹ ¹Moving Annual Total / Last 52 weeks 7#8Unilever ● Business Winning measure at 41%, impacted by three factors Conscious choices SKU rationalisation Where to play ● ● Pricing dynamics Lead on price responsibly Manage volume impact Strategic choices Short term Consumer shifts Tier 3/4 brands Super-premium Portfolio Longer term Focused on building back to 50%+ from here and continuing to grow above market for strategic business not in the measure (15% of turnover) 8#9Unilever Financial highlights Margin Underlying operating margin 17.1% +10bps vs H1 2022 Earnings Underlying EPS +3.9% +9.2% Constant underlying EPS Cash Free cash flow €2.5bn +€0.2bn vs H1 2022 9#10Unilever Continued strategic progress Win with brands and innovation 14 €1bn+ brands 55% of turnover 11% H1 USG Move portfolio into high growth spaces 10 quarters of double-digit growth for Prestige and Health & Wellbeing Yasso acquisition Suave disposal Accelerate USA, India, China and EMs H1 USG Emerging markets 7.4% 9.1% 7.9% 10.6% Lead in channels of the future 16% dCom H1 USG 16% dCom % TO 10#11Unilever New organisation driving sharper strategies and choices 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 Clearer priorities, executed at speed Ice Cream M MAGNUM BEN&JERRY'S Cornetto 11#12Unilever Innovation driving growth in our big brands Liquid I.V. First of its kind sugar-free hydration powder LIQUIDIV. SUGAR-FREE SEE NUTRITION INFORMATION FOR SOLUM CONTENT NON GMC HYDRATION MULTIPLIER ELECTROLYTE DRINK MIX THE ELECTROLYTES OF THE LEADING SPORTS DRINK 3X HELLMANN'S ST SPICY DRESSING MEDIUM didice Ni LIQUIDIV LIQUIDIV HYDRATION MULTIPLIER HYDRATION MULTIPLIER SUGAR FREE HEUTTON FORT FOR CONTIN ELECTROLYTE DRINK MIX SUGAR FREE SENTRON INFORMATION DRINK MIN Hellmann's Extension into fast-growing intense flavour segment LIQUIDIV HYDRATION MULTIPLIER Unilever SUGAR FREE SUTRITION INFORMATION ELECTROLYTE DRINK MIX Deliciously spicy, 100% HELLMANN'S Omo Winning formula in plastic-free packaging PLASTIC FREE BOX Xpersil 3IN1bio CAPSULES ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule Magnum Continued premiumisation and indulgence MAGNUM true to pleasure STARCHASER & SUNLOVER PLEASURE IS ALWAYS ON Axe World-class fragrance driving premiumisation AXE NEW AXE GOLDEN MANGO Vaseline. NEW GLUTA-HYA SERUM BURST LOTION PRO-AGE RESTORE AXE 70X a BLUE LAVENDER NEW SMELLS FINER THAN THE FINEST FRAGRANCES Vaseline Extends into anti-aging segment AXE NEW! AQUA BERGAMOT NEW GET FIRM AND RADIANT SKIN 70X COLLAGEN FILLER 12#13Unilever ● Underlying sales growth 9.1% USG First Half (0.2)% UVG 9.4% UPG Price growth continues to moderate • Volume growth remains resilient ● • Continued growth across all Business Groups, but with different price and volume dynamics USG UPG UVG 2.5% 4.9% 7.3% 8.8% 10.6% 9.2% 10.5% 7.9% 8.2% (0.3)% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 13#14Unilever ● ● USG ● UPG UVG Beauty & Wellbeing 7.2% 7.7% 7.4% 9.5% 6.7% 7.7% (0.6)% 9.3% 2.6% 8.8% • Balanced price and volume Prestige Beauty and Health & Wellbeing grew double- digit 4.9% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Hair Care positive volume growth supported by Sunsilk and TRESemmé relaunches Core Skin Care grew mid-single digits with Vaseline extending innovation into pro-age and SPF segments 9.1% H1 USG NEW! GET FIRM AND RADIANT SKIN WITH 70X COLLAGEN FILLER 3.8% H1 UVG Vaseline. HEALTHY BRIGHT™ GLUTA-HYA SERUM BURST LOTION PRO-AGE RESTORE wysunsau ลดเลือนจุดด่าง nghinad™ cinasou noamrou Waiaod 70X คอลลาเจน บูลผิวให้เฟิร์มกระชับ Walaos | 5.1% H1 UPG 14#15Unilever USG ● UPG UVG Personal Care (0.8)% 4.9% 6.8% 6.7% 8.9% 9.1% (3.5)% 12.7% 3.0% • Volume growth positive for a second quarter • Deodorants grew double-digit driven by Rexona Skin Cleansing grew well led by Latin America and South Asia 9.0% 3.4% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 25 10.8% H1 USG NEW AXE FINE FRAGRANCE COLLECTION GERANIUM 3.2% H1 UVG **** STTY 100 500 100 FRESAD. $100 100 7.3% H1 UPG 7 15#16Unilever USG ● UPG UVG Home Care 1.4% 5.0% 9.2% 12.2% 13.6% 12.3% (3.8)% 10.2% (2.8)% Volume closely managed and recovering • In Europe, OMO (Persil) rolled out capsules with plastic-free packaging 6.7% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 • Home & Hygiene grew mid-single digit driven by Dishwash (2.1)% PLASTIC-FREE BOX" *Persil 3IN1bio CAPSULES 8.4% H1 USG 10 (2.5)% H1 UVG ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule OUR MOST POWERFUL CLEAN IN A QUICK & COLD WASH, NOW IN A PLASTIC-FREE BOX Persil OUR BEST EVER CAPSULE THAT CLEANS IN A QUICK & COLD WASH 11.2% H1 UPG 16#17Unilever USG ● UPG UVG Nutrition 3.4% 4.7% 6.2% 7.0% 11.8% 10.1% (4.1)% 11.9% (1.3)% 8.9% (2.6)% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 | ● • Scratch Cooking growth was price-led with negative volume, particularly in Europe and North America Unilever Food Solutions grew strongly with China back to double-digit growth in Q2 • Dressings grew double-digit supported by spicy mayo innovation and Superbowl campaign 10.4% (1.9)% H1 USG H1 UVG Make it DELICIOUSLY SPICY HELLMANN'S EST.1913 CHILLI MAYONNAISE MEDIUM 12.6% H1 UPG 17#18Unilever USG UPG UVG Ice Cream 2.3% (1.3)% 7.1% 9.5% 13.2% 2,9% (9.9)% 6.0% 5.6% (4.1)% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 • Out-of-home grew double-digit through price and volume, continuing to recover post-pandemic (5.8)% • In-home grew low-single digit in weak markets with lower consumption and down-trading to value brands and private label M MAGNUM DOUBLE SUNLOVER CHOCOLATE OSAUCE COCO MAGNUM DOUBLE INLOVER OCOLATE, 5.7% H1 USG 1660 COCONUT (5.2)% H1 UVG 11.5% H1 UPG 18#19Unilever USG UPG UVG USG UPG UVG Regional growth by quarter 9.0% Q2'22 16.8% Q2'22 Asia Pacific Africa €13bn TO 12.5% Q3'22 17.6% Q3'22 10.7% Q4'22 Latin America €4bn TO 15.0% Q4'22 9.9% Q1'23 18.7% Q1'23 8.3% 6.5% 1.8% Q2'23 14.3% 11.1% 2.8% Q2'23 8.9% Q2'22 4.6% Q2'22 8.3% Q3'22 5.4% Q3'22 North America €7bn TO 5.7% Q4'22 Europe €6bn TO 5.5% Q4'22 8.1% Q1'23 9.2% Q1'23 6.7% 3.6% 3.0% Q2'23 15.5% 4.3% (9.7)% Q2'23 19#20Unilever H1 2023: Turnover growth €29.6bn H1 2022 (0.2)% UVG USG 9.1% 9.4% UPG +2.7% 0.7% A&D (2.7)% Acquisitions (3.4)% Disposals (3.2)% Currency* €30.4bn H1 2023 * Currency includes both exchange rates changes impact of (5.0)% and extreme price growth in hyperinflationary markets impact of 1.9%. 20#21Unilever H1 2023: Underlying operating margin 17.0% H1 2022 0.3% Gross margin +10 bps (0.3)% +€0.4bn vs PY* Brand & marketing investment 0.1% +€30m R&D vs PY* Overheads 17.1% H1 2023 At constant FX rates 21#22Unilever Gross margin begins to build back Gross Margin Price coverage Mix Portfolio change (300)bps H119 H120 H121 H1'22 +30bps vs PY H123 H1 gross margin drivers Price coverage of total cost inflation Mix & SKU rationalisation Portfolio change: Tea exit Nutrafol acquisition 22#23Unilever H1 2023: Underlying earnings per share €1.34 8.1% Current underlying EPS (0.0)% H1 2022 Operational Finance performance costs 0.4% 9.2% Tax 3.9% (1.2)% Constant underlying EPS Minorities 1.2% Share buybacks 0.7% Other €1.46 H1 2023 (Constant) (5.3)% Currency €1.39 H1 2023 (Current) 23#24Unilever Capital allocation Operational investment BMI +€0.4bn* in H1 R&D +€30m* in H1 Capex ca. 3% for FY Portfolio shaping Suave disposal Yasso acquisition Capital returns Attractive dividend Third Tranche €750m of share buyback completed At constant FX rates 24#25Unilever 2023 outlook: growth remains the priority Priorities Continue growth momentum in new operating model Invest for growth Maintain cost and savings discipline Guidance Underlying sales growth above 5% Price growth to moderate throughout the year Increased levels of investment in BMI, R&D and Capex Net material inflation (NMI) around €2bn, of which €0.4bn is anticipated in H2 Modest improvement in UOM for the full year 25#26Q&A Unilever BILLIONA L'AIL ROTI Knorr. ROASTED GARLIC OF 160 g M MAGNUM DOUBLE SUNLOVER WHITE CHOCOLATE, MANGO SAUCE. COCONUT NEW NOUVEAU ZERO SALT/SEL Our Promise Notre promesse Made With Real Vegetables & Spice Fait de légumes et d'épices véritable LUX Magical Orchid Opulent Fragrance LUX EVERSCENT FRAGRANCE TECHNOLOGY™ 24. LONG-LASTING HOURS FRAGRANCE Fine Fragrance Body Wash PLASTIC-FREE BOX" *Persil 3IN1bio CAPSULES 10 COLCHILAR ALL NEW OUTSTANDING STAIN REMOVAL EVEN IN COLD WASHES our FASTEST dissolving capsule TA CHA THE DEWY SKIN CREAM