#1Unilever Unilever Q3 2023 Trading Statement & CEO Update Hein Schumacher & Graeme Pitkethly 26 Oct 2023 LUX Velvet Glow LUX JASMINE & VITAMIN E 7 BEAUTY INGREDIENTS 88#2Unilever Safe harbour statement This document may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words and terminology such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', 'will continue', 'should', 'would be', 'seeks', 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 appear in a number of places throughout this document and are based upon the intentions, beliefs, current expectations and assumptions regarding anticipated developments and other factors affecting the Group. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. 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. In addition, even if the results are consistent with the forward-looking statements contained in this announcement, those results may not be indicative of results in subsequent periods. 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 intention or 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. All subsequent written and oral forward-looking statements attributable to either the Group or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above. 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 1. Q3 Trading Statement 2. Action Plan 3. Q&A pros3 100 VELABLE CONSU Wande NEW LOOK S sahebosades Comfort Creations 30 KASHES FOO CHRO LASTING FRAGRANCE + softness HONEYSUCKLE & SANDALWOOD fabric conditioner#4Unilever Solid third quarter Price growth moderated as expected, now with positive volume growth in three Business Groups Growth driven by biggest brands and strong innovations Competitiveness remained challenging - major focus area for Action Plan Full year outlook remains unchanged Targeted Action Plan for faster growth and simplicity#5Unilever Unilever Q3 2023 Trading Statement Graeme Pitkethly pes + ITH ERGOTHIONEINE MP TECHNOLOGY TO VISIBLY FIRM PAULA'S CHOICE 25% Vitamin C Glutathione Clinical Serum UN DAMAGE UNEVEN TONE#6Unilever Q3 2023 TRADING STATEMENT Solid Q3 performance 5.2% Underlying sales growth Q3 growth 5.8% UPG (0.6)% UVG 7.7% Underlying sales growth YTD growth 8.1% UPG (0.4)% UVG 12.5% UPG Price and volume --UVG (1.6)% 13.3% (3.6)% 10.7% 8.2% 5.8% (0.2)% (0.3)% (0.6)% Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Competitiveness 38% % Business Winning MAT 6#7Unilever Q3 2023 TRADING STATEMENT Underlying sales growth 5.2% USG Third quarter (0.6)% UVG 5.8% UPG →Price growth moderated as inflation eased → Volume positive in Beauty & Wellbeing, Personal Care and Home Care → Nutrition and Ice Cream not yet back to positive volume growth Billion Euro brands accounted for 56% of Group turnover and delivered 7.2% growth D-commerce grew 17% and represented 16% turnover year to date UPG 10.6% Q3'22 UVG USG 9.2% Q4'22 10.5% Q1'23 7.9% Q2'23 5.2% Q3'23 7#8Unilever Beauty & Wellbeing 7.4% USG UPG 6.7% (0.6)% Q3'22 UVG USG Continued strong growth driven by Prestige Beauty and Health & Wellbeing 7.7% (0.6)% Q4'22 3.6% UVG 9.3% 2.6% Q1'23 Hair Care grew mid single- digit with strong growth from Sunsilk 8.8% 4.9% Q2'23 3.6% UPG 7.4% 3.6% Q3'23 Core Skin Care grew mid single-digit with volume-led growth from Vaseline SVINNOH JARNASON 76A CINE 3474 ON: 8#9Unilever Personal Care 8.0% USG UPG 8.9% (4.1)% Q3'22 UVG Volume up for third consecutive quarter USG 9.1% (3.5)% Q4'22 3.9% UVG 12.7% 3.0% Q1'23 Axe and Rexona led strong Deodorants growth 9.0% 3.4% Q2'23 4.0% UPG 8.0% 3.9% Q3'23 Dove delivered double-digit growth Dove PENER que axtollarg bany polar crushed cherries & chia milk John corporal extclonte Dove "1 revitalizante chery chia milk cerezu y Inche ve chiul 24hr Renewing Misist C bocy wash gel para b a brie 24Hr MicroMoisture Renovador 20 J.5 FL 32 1991 m. 9#10Unilever Home Care 5.3% USG UPG 13.6% (3.6)% Q3'22 UVG USG 12.3% (3.8)% Q4'22 Return to positive volume as price growth moderated 0.4% UVG 10.2% (2.8)% Q1'23 OMO and Surf delivered balanced growth 6.7% (2.1)% Q2'23 4.8% UPG 5.3% 0.4% Q3'23 Cif and Domestos grew double-digit NEW Persil ultimate touch of Comfort NEW LOOK Persil ultimate aloe vera 10#11Unilever Nutrition 5.6% USG UPG 11.8% 0.1% Q3'22 UVG -USG 10.1% (4.1)% Q4'22 Nutrition growth still driven by pricing (3.8)% UVG 11.9% -O (1.3)% Q1'23 Volume decline driven by Europe 8.9% (2.6)% Q2'23 9.8% UPG 5.6% (3.8)% Q3'23 Unilever Food Solutions maintained strong performance NEW NOUVEAU ZÉRO SALT/SEL ir Promise notre promesse Made with real vegetables & spices Fait avec de vrais légumes et des épices Per STREEZE Knorr BOUILL CON MUILLON DE BOEUF 160 g NEW NOUVEAU ZÉRO SALT/SEL Our Promise Notre promesse Made with real vegetables & spices Fait avec de vrais légumes et des épices ESER131218121ERNEME Nu Va Per Cal 11#12Unilever Ice Cream (2.8)% USG UPG 13.2% 1.0% Q3'22 UVG Volumes impacted as consumers down-trade to value brands -USG 2.9% (9.9)% Q4'22 (10.1)% UVG 6.0% (4.1)% Q1'23 Disappointing ice cream season in Europe 5.6% (5.8)% Q2'23 8.2% UPG (2.8)% (10.1)% Q3'23 Out-of-home grew low single-digit with a strong performance in Turkey 12#13Unilever Q3 2023 TRADING STATEMENT Regional growth by quarter UPG 12.5% 22'Q3 IUPG 17.6% 22'Q3 UVG IUVG Asia Pacific Africa - €7bn TO -USG 10.7% 22'Q4 USG 15.0% 9.9% 22'Q4 23'Q1 Latin America - €2bn TO 18.7% 8.3% 23'Q1 23'Q2 14.3% 23'Q2 6.1% 23'Q3 14.0% 23'Q3 UPG 8.3% 22'Q3 UPG 5.4% 22'Q3 UVG UVG North America - €3bn TO USG 5.7% O 22'Q4 USG 5.5% 22'Q4 8.1% 23'Q1 Europe - €3bn TO 9.2% 23'Q1 6.7% 23'Q2 4.3% 23'Q2 1.7% 23'Q3 1.1% 23'Q3 13#14Unilever Q3 2023 TRADING STATEMENT Q3 2023: Turnover growth €15.8bn Q3 2022 (0.6)% UVG USG 5.2% 5.8% UPG (3.8)% 0.2% A&D (0.6)% Acquisitions Currency includes both exchange rates changes impact of (10.3)% and extreme price growth in hyperinflationary markets impact of 2.6%. (0.8)% Disposals (8.0)% Currency* €15.2bn Q3 2023 14#15Unilever Q3 2023 TRADING STATEMENT 2023 outlook Priorities Continue growth momentum in new organisation Invest for growth Maintain cost and savings discipline Guidance → Underlying sales growth above 5% Price growth to continue to moderate throughout the year Increased levels of investment in BMI, R&D and Capex → Net material inflation (NMI) around €2bn for the full year → Modest improvement in UOM for the full year 15#16Unilever CEO update Hein Schumacher LUX Magical Orchid Opulent Fragrance LUX EVERSCENT FRAGRANCE TECHNOLOGY™ 24. LONG-LASTING HOURS FRAGRANCE Fine Fragrance Body Wash#17Unilever Strength & opportunities Action plan Value creation CAF NEW HELLMANN'S EST 1913 SPICY MAYONNAISE DRESSING MEDIUM Maillic with real-chilkpop 9060 11.5 FL OZ (340mL)#18U Unilever Strength & opportunities Action plan Value creation 6 CAF NEW HELLMANN'S EST 1913 SPICY MAYONNAISE DRESSING MEDIUM Maillic with real-chilkpop 9060 11.5 FL OZ (340mL)#19Unilever CEO UPDATE Unilever's strong fundamentals Categories #1 or #2 positions for 80% of our turnover¹ Well-positioned to drive category growth Brands & footprint 30 power brands driving 70%+ of our business 3.4bn daily users of our products Channels Strong distributive trade model Accelerating eCommerce and specialty channels People & organisation Experienced, engaged, expert people New organisation unlocking speed and value 1. Across 341 cells 2. S&P Global - Globescan, 2022 Unilever Geographies Most global FMCG company 60% turnover in emerging markets R&D Competitive science and technologies 20,000 patents Sustainability At the heart of our business model No. 1 corporate sustainability leader for 12 consecutive years² 19#20Unilever CEO UPDATE Past performance has not been good enough 0.8 2017 43.1 2017 1.9 18 43.6 Quality of growth: UVG% 18 1.2 19 44.0 1.6 Productivity: Gross Margin % 19 20 43.5 1.6 20 21 42.3 21 -2.1 22 40.2 22 44 2017 2.23 2017 Competitiveness: Business Winning% 42 18 2.35 18 44 19 2.55 53 Underlying EPS in € 19 20 2.48 20 53 21 2.62 21 47 22 2.57 22 20#21Unilever Total Shareholder Return below our top third ambition TSR 3-year rolling rank* Top third CEO UPDATE Mid third Bottom third 2017 2018 *ranking based on Unilever and 18 HPC and Food/Beverages peers 2019 2020 Value creation gap 2021 2022 • Volume growth behind peers Gross Margin decline Inconsistent delivery ● ● 21#22Unilever CEO UPDATE The Unilever opportunity ● ● What's working Strong science and technology capabilities Product superiority Deep sustainability belief and know-how Modern and connected global supply chain Outstanding talent base Global reach and brand portfolio Inspiring purpose for many ● ● ● What needs resolving Innovations lack scale Science and technology not leveraged across categories Not focused on all consumer benefits Sustainability strength not maximised for commercial benefit Too many long-term commitments versus short-term targets Disciplined focus on net productivity Dial up performance edge in leadership and expectations Too many small priorities Equal treatment of small and big brands Force-fitting purpose in every brand 22#23Unilever Strength & opportunities Action plan Value creation 3 S M MAGNUM INSPIRED BY¹ DOUBLE™ STARCHASER CHOCOLATE, CARAMEL, POPCORN FLAVOUR *** 00ml/00g oook 000kcal 0%* 000ml: 0000kJ/000kcal 000g: 0000kJ/000kcal PLEASE RECYCLE →#24Unilever CEO UPDATE Action plan Performance culture Faster growth Productivity & simplicity Faster growth 1. 2. 3. 4. 5. Focus first on 30 Power Brands Drive unmissable brand superiority Scale multi-year innovation Increase brand investment and returns Selectively optimise portfolio Productivity & simplicity 6. 7. 8. Build back Gross Margin Focus sustainability commitments Drive benefits of new organisation Performance culture 9. Renewed team 10. Drive and reward outperformance 24#25Unilever CEO UPDATE Faster growth Performance culture Faster growth Productivity & simplicity GAW N- 1. 3. 4. 5. Focus first on 30 Power Brands Drive unmissable brand superiority Scale multi-year innovation Increase brand investment and returns Selectively optimise portfolio 25#26Unilever CEO UPDATE Focus first on 30 Power Brands Dove Dove. MEN +CARE sunsilk CLEAR TRESemmé OPOND'S LIQUIDIV NUTRAFOL dermalogica PAULA'S CHOICE SKINCARE Vaseline. Driving 70%+ of our business Rexona AXE LUX closeup Pepsodent Хомо Sunlight Comfort Radiant Lifebuoy Ensuring consistent investment and brilliant execution Knorr HELLMANN'S EST.1913 Horlicks Cif Surf Faster growth O M MAGNUM BEN&JERRY'S Cornetto Domestos 26#27Unilever CEO UPDATE Drive unmissable brand superiority across 30 Power Brands... Today Product superiority 70% of tested turnover superior in 2023 Design Deploy Product Proposition Packaging Place Promotion Pricing Acceleration plan Expand to unmissable brand superiority Unmissable Superiority Score Faster growth Brand Power N Market Share 27#28● Unilever CEO UPDATE as we did with Domestos Power Foam Focused on Product and Price Turkey launch '22 BANYO Domestos HİJYENİK KÖPÜK ZORLU KİRLERİ SÖKER Today MAKSİMUM HİJYEN GAMASIR SUTH- NUTUP FERAHL LAYADD-DUSAKADIN FAYAN X X X Product Proposition ● Packaging Place Promotion Pricing Acceleration plan: Unmissable brand superiority Including Proposition, Packaging, Place, Promotion Underpinned by clear & measurable KPIs Domestos POWER FOAM KAUNBEATABLE STRENGTH TOYEET & BATHROOM PEN SPRAYS USE DOWN Faster growth UK launch '23 #1 SKU In 3 of 5 top UK retailers 3x higher market share in UK vs Turkey 10x higher turnover in UK vs Turkey (year 1) 4x higher penetration vs plan 28#29Unilever CEO UPDATE as we did with Dove Body Wash Today US launch '22 Dove deep moisture nourishes the driest ski nournit le pou le plus cha X X X Product ● Proposition Place ● Packaging Pricing Promotion Acceleration plan: Unmissable brand superiority Upgrading all elements of the mix, with a new, lighter pack Using proprietary nano emulsion technology Dove deep moisture nourisha tha nou la pean place 24h ng MicroMure lywail pitkie orgural 24 Hr Resument MicreMoisture 30 US2581 Faster growth US launch '23 #1 in % repeats within the cleansing category 2x growth rate YTD units vs. category +190bps penetration 52-week period vs PY 29#30Scale multi-year innovation to be market makers Unilever CEO UPDATE ● ● Beauty & Wellbeing CLCLLY MOVIN REDUCED HAIR FALL THA PONDYS டிச2மட்பார் ✔ PAU AMI FM-3 CLEAR LIDUIDI SUGAR-FREE HYDRATION MULTIPLIER CETUM. CAXXUMING SKIK RACKies LIG PANA சட்ட Personal Care P&S EVERYONE Hawra GTAYPRAYE C NEW GOES ON INSTANTLY DRY LALA! AXE PULTEATING M 100% STRONGER FIGHTS Today Home Care 500050 LOWER KILLS GERMS IN HARDEST TO REACH PLACES Sunlight Power Ultimate கள்ளான erw THAMIND READ P OUTSTANDING CLEAN WITH NO RESIDUES HAT WERKCOLD M LECHEN COL DACTIC NOX 3ent DIKT IS GOOD Nutrition mmm MICHA TECMILLUAM 102 HELLMANN'S VEGAN CHIPOTLE MAYO Knokk ₁ ZERO SALTS THE BURN SAME GREAT TASTE PLANT BASED 199 Ice Cream MAGNUM STRGHASIR SULOVIR YOU SHARE Strong R&D and science capabilities • 2-3x average project size vs 2020 Too many projects for consistent in-market execution BITES HE TIME! REPARED REDE REACA CORE C A DESEN TERMENS RE way 15 ● ● ● ● Acceleration plan ● Backed by consistently growing R&D investment • Drive market development and premiumisation Shift innovation horizon to more multi-year projects, at least doubling average project size vs 2022 Prioritise our differentiated technologies and most promising platforms with fewer, bigger projects Deliver new consumer benefits and formats, rolled out at scale Faster growth Commit to brilliant launch execution, fully resourced and supported in market 30#31Unilever CEO UPDATE ...by leveraging winning technology harder across brands Beauty & Wellbeing Skin Care 'Gluta-Hya' Glutaglow technology Vaseline ABERDELE GLUTA-HYA NO TWIN rin Vanalina CLUI A NEWAL GET FIRM AND RADIANT SKIN STE 70X COLLAGEN FILLER GET MAXIMUM GLOWING SKIN WIH GLU IA HYA+ SPF 50 SERUM BURST NOVO GET FIRM AND RADIANT SKIN 70X 10x antioxidant power of vitamin C Vaseline, Ponds Vaseline 1-2- GLUTA-HVA 50 Malina GET MAXIMUM GLOWING SKIN W.UTAHYA SPF 50 CERUN BORST $150 RE 150X NEW NEW 8.5 Personal Care Degree 12.49 Liebuoy 72 SWEA NO.1 DI DUNIA Degre Degree Dr PELT VITAMIN Deo advanced protection Microtechnology DEGREE KEEPS WORKING MULTIVITAMIN THE LADY WITH NEW WHEN OTHERS STOP MULTIVITAMIN 100% STRONGER FIGHTS DANGEROUS GERMS' Home Care STY 72hr non-stop protection - works harder than regular antiperspirants Rexona, Axe, Dove S- 72H NONSTOP PROTECTION APPROVED IN THE CRAIT-SHIRT CHALLENGE PAWAY. KI IN HAR Home Care Eco-design technology GET TOUGH ON STAINS PLASTBUSTE STAND WITH NO RESIDUES *skip IMPECCABLE RESULTS IN QUICK & COLD WASHES LESS CHEMICALS PLASTIC-FREE PACK NEW DIRT IS GOODX Outstanding cleaning, more sustainable product & packaging Omo, Sunlight 3en1 DIRT IS GOOD Nutrition Persil BE KINDER TO THE PLANET HELLMANN'S EST. 1913 VEGAN MAYO CHIPOTLE man ZE SALT Our Promise M BU Nutrition & Ice Cream Plant-based proteins E and SAME GREAT TASTE PLANT BASED ge Ice Cream HELLMANN'S EST.1913 Faster growth T VEGAN MAYO CHIPOTLE VEGAN SAME GREAT TASTE PLANT BASED 63 Same great taste, 100% plant-based Hellmann's, Knorr, Magnum, B&J's YOU SHARE? NEW! BIKE JERRES Sunico Geloo De-tisht 31#32Unilever CEO UPDATE ...by investing in cross-category science & technology platforms Sunlight Power Ultimate dishwashing experience Vanalina Beauty & CLUTA Wellb STE NOVO GET FIRM AND RADIANT SKIN 70X FILLER with RHAMNO clean Technology Biotech-derived surfactants for ultimate dishwashing experience GLOWING SKIN W.GUTAHYA SPF 50 CEBUN BLIST Sunlight 2 Waalina $150 RE 0 RHAMNO clean Sunlight Sunlight NATURE RHAMNO clean Personal Care NO.1 DI DUNIA Sunlight 2 RHAMNO clean PELT VITAMIN MULTIVITAMIN THE LADY WITH NEW MULTIVITAMIN 100% STRONGER FIGHTS DANGEROUS GERMS' Home Care e.g. Biotechnology TH TATCHA THE WATER CREAM Bioactives for moisturisation & antioxidant benefits Tatcha IMPECCABLE RESULTS IN QUICK & COLD WASHES LESS CHEMICALS PLASTIC-FREE PACK skip 3en1 DIRT IS GOOD Nutrition HELLMANN'S EST. 1913 VEGAN MAYO CHIPOTLE Faster growth SAME GREAT TASTE PLANT BASED Ice Cream New plant based biotechnology alternatives to palm oil Multiple brands NEW! BIKE JERRES Sunico Geloo De-tisht 32#33Unilever CEO UPDATE ...by investing in cross-category science & technology platforms Vanalinn CLUTA THE Beauty & Wellb Dove deep moisture www.fw.drettsha www where NOVO GET FIRM AND RADIANT SKIN 70X GLOWING SKIN W.GUTAHYA SPF 50 CEBUN BURGT Walatina Let's Change Beauty 24 hours of silky soft skin from your shower - gentle cleansing Dove $150 RE 24 hours of silky-soft skin now from your shower Personal Care Our best ever Dove Body Wash, with millions of moisturizing microdroplets. 24hr Renewing Micro Moisture Lifebuo NO.1 DI DUNIA PELT VITAMIN 0,1 MULTIVITAMIN THRILAN FUT WITH Lifebuoy SABUNANTUAN DENGAN LA NO. 1 DI DUNIA NEW MULTIVITAMIN 100% STRONGER FIGHTS DANGEROUS GERMS' Home Care e.g. Microbiome Lifebuoy MULTIVITAMIN ANTIBACTERIAL BODY 100% LEBIH KUAT LAWAN KUMAN BERBAHAYA BARU GRATIS 30% Lifebuoy MULTIVITAMIN ANTIBACTER SE 100% LAWAN KUMAN DE TOTAL NO. TIDUNA IMPECCABLE RESULTS IN QUICK & COLD WASHES Boosting skin's defences for 10-hr germ protection Lifebuoy LESS CHEMICALS PLASTIC-FREE PACK skip G 3en1 WITH DIRT IS GOOD NEW MULTIVITAMIN 100% STRONGER* FIGHTS DANGEROUS GERMS' Nutrition HELLMANN'S EST. 1913 VEGAN MAYO CHIPOTLE CLEAR MEN OFFORT MENTHOL CLEAR ICE COOL MENTHOL Suitat 480 10x CLEAR 20 SAKURA FRESH SAME GREAT TASTE PLANT BASED Faster growth Ice Cream BEST EVER AD TECH, 10x VITAMIN ACTION 100% PROTECTION AGAINST DANDRUFF Skincare-boosted anti-dandruff formula repairs & strengthens scalp Clear NEW! DENGJERRES Sunico Geloo De-tisht 33#34Unilever CEO UPDATE Increase brand investment and returns BMI €7.6bn 2017 2018 Today 2019 2020 €6.9bn 2021 €7.8bn 2022 2023 view 2024-25 view Acceleration plan ● ● ● Faster growth Focus investment in areas that drive impact Ensure consistent execution Invest more in digital media 34#35Reshaped portfolio since 2015 ● ● ● Unilever CEO UPDATE ● Rotated 20% of portfolio and improved growth profile Divested sizeable lower-growth businesses Acquired 22 businesses but not all acquisitions met expectations Better M&A since 2019 with fewer, more focused acquisitions 5 acquired brands amongst 30 Power Brands Above In-line Below M&A performance versus expectations* dermalogica *Performance of top 15 acquisitions accounting for >90% of consideration since 2015. Yasso, acquired in August 2023, is not included 2015-18 Horlicks Blueair Murad. SUNDIAL carver korea beauty inventor Quala Seventh GENERATION DSC DOLLAR SHAVE CLUB 2019 onwards LIQUIDIV Faster growth NUTRAFOL TATCHA PAULA'S CHOICE SKINCARE SMARTY PANTS vitamins OLLY 35#36Unilever CEO UPDATE Selectively optimise portfolio via sharpened M&A approach Distinctive brands, growing segments: Strong brand equity Premium positioning ● ● Clear Unilever value-add: ● ● ● Scalable in key markets: Home country scale Potential in key markets ● M&A criteria Science Innovation ● Future-fit business model: Omni-channel potential Digital footprint ● Further pruning M&A approach Focus on value-accretive bolt-on acquisitions Faster growth Higher bar for acquiring: Right to win, premium, growing No major or transformational acquisitions 36#37Unilever CEO UPDATE Productivity & simplicity Performance culture Faster growth Productivity & simplicity 6. Build back Gross Margin 7. Focus sustainability commitments 8. Drive benefits of new organisation 37#38Unilever CEO UPDATE Build back Gross Margin Gross Margin Price coverage Mix Portfolio change H1'19 *average for 2019-2022 (300)bps H1'20 H1'21 H1'22 +30bps vs PY H1'23 ● ● ● ● ● ● - - Acceleration plan Productivity & simplicity Improve mix through premiumisation Drive volume leverage Move from gross savings focus to net productivity Competitive buying Operational efficiencies and distribution SKU simplification Network optimisation Business Group specific implementation plans Capex from avg. 2.4%* to above 3% of turnover Disciplined approach to restructuring: from avg. 1.6%* to c.1% of turnover 38#39Unilever CEO UPDATE Focus sustainability commitments Climate action Net zero emissions from all our products from sourcing to point of sale by 2039 Halve greenhouse gas impact of our products across the lifecycle by 2030 Zero emissions in our operations by 2030 Replace fossil-fuel derived carbon with renewable or recycled carbon in all our cleaning and laundry product formulations by 2030 Share the carbon footprint of every product we sell Improve the health of the planet Protect and regenerate nature Deforestation-free supply chain in palm oil, paper and board, tea, soy and cocoa by 2023 Help protect and regenerate 1.5 million hectares of land forests and oceans by 2030 100% sustainable sourcing of our key agricultural crops Empower farmers and smallholders to protect and regenerate farm environments Implement water stewardship programmes in 100 locations in water- stressed areas by 2030 100% of our ingredients will be biodegradable by 2030 Supported by C1 billion Climate & Nature Fund 34 ESG commitments Waste-free world 50% virgin plastic reduction by 2025, including on absolute reduction of 100,000 tonnes 25% recycled plastic by 2025 Collect and process more plastic than we sell by 2025 100% reusable, recyclable or compostable plastic packaging by 2025 Halve food waste in our operations by 2025 Today Maintain zero waste to landfill in our factories Improve people's health, confidence and wellbeing Positive nutrition 1 billion annual sales from plant-based meat and dairy alternatives by 2025-2027 Double the number of products sold that deliver positive nutrition by 2025 30% of our portfolio to meet WHO-aligned nutritional standards by 2022 95% of packaged ice cream to contain no more than 22g/ total sugar per serving by 2025 95% of packaged ice cream to contain no more than 250 kcal per serving by 2025 85% of our Foods portfolio to help consumers reduce their salt intake to no more than Sg per day by 2022 Health and wellbeing Take action through our brands to improve health and wellbeing and advance equity and inclusion, reaching 1 billion people per year by 2030. We will focus on - Gender equity Race and ethnicity equity - Body confidence and self-esteem • Mental wellbeing Hand hygiene . Oral health Skin health and healing Equity, diversity and inclusion Achieve an equitable and inclusive culture by eliminating any blas and discrimination in our practices and policies Accelerate diverse representation at all levels of leadership 5% of our workforce to be made up of people with disabilities by 2025 Spend C2 billion annually with diverse businesses worldwide by 2025 Increase representation of diverse groups in our advertising Aspirational end goals Contribute to a fairer, more socially inclusive world Raise living standards Ensure that everyone who directly provides goods and services to Unilever will earn at least a living wage or income by 2000 Help 5 million small and medium-sized enterprises grow their business by 2025 Future of work: Help equip 10 million young people with essential skills by 2030 Pioneer new models to provide our employees with flexible employment options by 2030 Reskill or upskill our employees with future-fit skills by 2025 Acceleration plan Driving impact in 4 priority areas Climate Plastic Nature Livelihoods Productivity & simplicity Shorter-term targets starting in 2024 Our commitment to sustainability leadership remains unchanged 39