#1Nestle Good food, Good life Nestlé's long-term strategy: Good for You, Good for the Planet Mark Schneider Chief Executive Officer NESCAFÉ Dolce Gusto NESCAFE neo NOVA CAFETERIA DENTRO DE CASA Lungo Dark 8 Perfil Generoso & Picante CAFE TORRADO MOIDO Capsula com pope compostovel 10x Imogen trave PESO LIQ.70g NESOON Dolce Gusto#2Our business is global, balanced and diversified 2022 sales of CHF 94.4 bn, with an underlying TOP margin of 17.1% Where we sell Europe 24% What we sell Beverages (incl. coffee) PetCare Nutrition & Health Science Latin America 13% North America 35% AOA 22% Prepared dishes & cooking aids 27% 19% 17% 13% Greater China 6% Milk products & ice cream Confectionery Water 12% 9% 4% Resources Number of employees R&D spend R&D locations Factories 275 000 CHF 1.7 bn 23 344 2 November 15, 2023 CECP Nestle Good food, Good life#3Our strategy Food and beverages are core, including Nestlé Health Science and nutritional health products as an additional growth platform Meet needs of modern time-constrained consumers with healthy, delicious, convenient products Bring differentiated, premium innovations to market fast Offer affordable, high-quality nutrition in developing markets Lead on climate and sustainability agenda Creating Shared Value (CSV) to generate value for shareholders and society 3 November 15, 2023 CECP Nestle Good food, Good life#4Key strategic directions shaping our portfolio in the 2020s Good for You Nestle INSTANTANED Moist Nutritivo NINHO Forti+ Cdicio 4 November 15, 2023 CECP Good for the Planet Nestle Good food, Good life#55 * Bringing tasty, balanced diets within reach for billions Transparent reporting & support for balanced diets Our human food portfolio: nutritional value and role in a balanced diet HSR <1,5 (21%) HSR 1,5-3 (22%) ≥ 3,5 HSR (37%) HSR does not apply (20%) DIGIORNO SMARTIES ORIGINAL STUFFED NESCAFE STAR CAPPICONE Lean NIDO Nestle Skim Condensed Milk NECCI IMMONITY BHE LEGUMES 25% DE SEL 57% Occasional Indulgence Treats to enjoy in moderation Mindful Enjoyment Consumed mindfully as part of a balanced diet and lifestyle Daily Goodness Consumed regularly as part of a balanced diet and lifestyle Priorities by segment plant-tasti Nestle BOOS PEPTAMEN CHELATED Specialized Nutrition Tailored to the nutrition needs of specific populations GUIDE people to enjoy more nutritious foods & indulgent foods in moderation GROW > HSR 3.5 & Specialized Nutrition by CHF 20-25 bn by 2030* Target excludes infant formula 0-12 months November 15, 2023 CECP Healthy aging and longevity Active lifestyle support Goodnes EATED BE PURINAT FOCUS FRUIT SHOTS PRO PLAN Nutritional balance AMINAMI Garden of Life PLATINUM OMEGA-3 FISH OIL pure Preventative health celltrient PROTECT celltrient PROTECT ULTIMATE ONCE DAILY Neste 怡养氨糖钙奶粉 REG S SUNITARY Nestle Good food, Good life#6Enhancing supply chain resilience & consumer relevance 6 Climate action: net zero by 2050 Packaging: 30% reduction in virgin plastic by 2025 Supply chain: 100% deforestation-free by 2025 NESTLÉ'S NET ZERO ROADMAP Our path to regeneration for future generations Solving the problem m identifying the problem. We found Neste omitted 92 mition tonnes of de gas emissions in 2005 wwwwwwww.n extent, we know Moving faster We're excited to hit the soil running. We're accelerating our work in manufacturing packaging and carbon-neutral brands. We do vesting CHF 12 spark regenerative agriculture across our supply chain, as part of a total investment Our milestones 100% deforestation free for primary by 2022 100% Scaling up Further down the greener path, we will mwest in new cheologies and fundamental changes to eur products and businesses around the globe. Switch our 100% cred 100% Uso more of vehicles to pam olby electricity in low aloustes options by 2022 100% cantile 2005 Source 50% of trough by 2025 Cut Mig plastic in our packing by thermal energy in our manufacturing Plant 200 million tes regenerative agricul methods by 2030 thim by 2025 Delivering our promise Advanced cultural techniques will deliver repeat food system at cas, supported by zero emission logistics and company operations. We all beance my remaining emissions through high- quality natural cimate solutions that bonett poopla Companies and their emissions grew air time. That's why we're promising to bo net zero based on cur 2010 baseline, so matter how uch our company grows Path to zero emisslore by 2050 -Business as Plant 20 millon bees a your Nestle Water carbon revea by 2025 agricultural methods by 2025 Emissions by operation (nition toes of CO 2018) 65.6 Sourcing our ingrediants 2.0 Manufacturing prod 11.0 Packaging our product 15 Managing legates 0.8 Travel and employee commuting 2018 2021 By 2025, we will reduce our emissions by 20% By 2030, we will reduce our emissions by 50% 2025 2030 By 2050, we will reach net zero 2050 Beyond peak carbon 6.4 million tonnes CO2eq reductions vs. business as usual (2018 baseline) • 78.4% of electricity via renewable sources . • • Beyond peak virgin plastic 10.5% reduction in virgin plastic use versus 2018 baseline 81.9% of plastic packaging designed for recycling, heading to > 95% by 2025 . • 99.1% deforestation-free in primary meat, palm oil, pulp & paper, soya & sugar chains • 88% coffee sustainably sourced 68% cocoa sustainably sourced Numbers relate to 2022 achievements, unless otherwise stated November 15, 2023 CECP Nestle Good food, Good life#7Delivering carbon reductions & supporting longer-term transformation Scope 1: Direct operations Scope 2: Indirect operations Scope 3: Value chain Investing in factory modernization Switching to renewables electricity Supporting farmer adaptation Rice husk biomass boiler Nestlé Indonesia Kejayan Factory Ganado solar project Jackson County, Texas Drought and disease resistant coffee plantlets Columbia 7 November 15, 2023 CECP Nestle Good food, Good life#8Supporting the transition to regenerative agriculture Biodiversity Increase plant and animal biodiversity above and below the ground. Water Reduce chemical farm inputs, optimize organic fertilization, biological pest control and irrigation techniques. 8 November 15, 2023 CECP Farmers Soil Scale up farming practices that protect soil health and increase soil organic matter. Livestock Integrate livestock and optimized grazing in farming systems where feasible. Nestle Good food, Good life#9Strengthening brand and product differentiation via sustainability Climate action NESCAPE Expect more from every cup. NESCAFÉ Classic is 100% responsibly sourced coffee. Make your world IT'S TIME TO THINK OUTSIDE THE CUP TO PROTECT WHAT'S INSIDE IT NESCAFE 9 November 15, 2023 CECP Human rights Nestle SOURCED COCOA SUSTAINABLY breaksGOOD Without cocoa farmers we'd be all Kit and no Kat. t's why we developed Breaks For Good. The result? Regenerative agriculture Organic for Toddler plant-tastic FORWARD for baby TR Gerber. Organic for Baby We're making baby's world plant-tastic! Nestle Good food, Good life#10How climate action is integrated into Nestlé long-term strategy Operating model: evolving the Virtuous Circle Financial performance drivers and metrics Integrated sustainability performance drivers and metrics Structural cost control CO2e reduction Contributing to better diets Underlying TOP margin improvement 10 November 15, 2023 CECP Consumer relevant innovation Sustainability investment GENERATE RESOURCES INVEST IN GROWTH FOR GOOD Brands with Purpose CAPEX ONE TEAM GROW SHARED VALUE EARN TRUST TO WIN Brand trust, corporate reputation Increased competitiveness Organic growth and share gains Nestle Good food, Good life#11How climate action is integrated into Nestlé long-term strategy Governance: integrating sustainability-linked KPIs at multiple levels of the business Sustainability committee ESG council Creating Shared Value council ⚫ Board of Director level • . Created March 2021 ⚫ Reviews sustainability agenda and how long-term strategy creates shared value . • Executive Board members . • Created November 2020 • Ensures focus and accountability across key material issues Oversees five working groups . 11 November 15, 2023 CECP External advisor panel Created 2009 • ⚫ Facilitates continuing evolution of Creating Shared Value agenda Nestle Good food, Good life#12A Board of Directors with diverse and relevant experience Year added Nationality Public Company CEO / CFO Paul Bulcke 2008 Belgian / Swiss Mark Schneider 2017 American / German Henri de Castries 2012 French Renato Fassbind 2015 Swiss Pablo Isla 2018 Spanish Patrick Aebischer 2015 Swiss Kimberly A. Ross 2018 American Dick Boer 2019 Dutch Dinesh Paliwal 2019 American Indian Hanne Jimenez de Mora 2020 Swiss Linda Majele Sibanda 2021 Zimbabwaen Luca Maestri 2022 Italian American Chris Leong 2022 Malayasian Rainier Blair 2023 American M.G Ineichen-Fleisch 2023 Swiss 12 November 15, 2023 CECP Int'l Business FMCG Retail / Brand / Marketing Financial / M&A Technology Gov't /NGO Sustainability > Nestle Good food, Good life#13Consistent and dependable shareholder returns Outperforming Global STOXX 1800 F&B Net Return Index over long-time horizons 28 years of consecutive dividend increases 1 year 3 years 5 years 10 years Nestlé -4% 14% 55% 154% CHF 0.265 STOXX F&B -12% 24% 41% 107% TSR in EUR, gross data except STOXX 10-year Data as of 30.10.2023 13 November 15, 2023 CECP CHF 181.3 bn returned to shareholders over last 15 years CHF 2.95 CHF 99.0 bn Share buybacks 1995 2022 Returns for period 2008-2022 CHF 82.3 bn Dividend payments Nestle Good food, Good life#14Our value creation model and 2025 targets Sustainable organic sales growth mid single-digit Working capital 0% of sales Operating performance Annual underlying EPS growth 6 - 10% Underlying TOP margin 17.5 -18.5% Capital discipline Capex ~ 5% of sales ROIC Free Cash Flow trending toward 12% of sales trending toward 15% Financial policy Dividend maintain practice Net Debt/ EBITDA 2.0-3.0x Share buybacks return excess cash Value creation for both society and our shareholders Organic growth may exceed the mid single-digit level if pricing is materially above the average level of the last 10 years 14 November 15, 2023 CECP Nestle Good food, Good life#15Nestlé: a dependable company 15 November 15, 2023 Astle Nutrir Cangas 'adávels CECP Nestle Criançasud Unlocking the power of food Making the greatest difference to the lives of people and pets... Protecting and enhancing the environment... Generating significant value for our shareholders and other stakeholders alike Nestle Good food, Good life#16Thank you 16 November 15, 2023 CECP NIS Dolce Gusto NESZATE Dolce Gusto neo NOVA CAPE CA NESCAFÉ Café Caseiro Dark Par ESCA olce usto eo NOVA NESCAFE Sul de Minas Espresso ORGANICO Forte & PESO LG 789 so a 5/g Nestle Good food, Good life