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Investor Presentaiton

OUR UNDERPERFORMANCE STEMS FROM SEVERAL FACTORS CAPABILITIES GAPS PERFORMANCE CULTURE DISCONNECTED PURPOSE Operations & R&I Data & IT Global marketing POCT CMETAHA 15% МОЛОКО • ОТБОРНОЕ МАСЛО СЛИКАЦИЛ DANONE Faire ses yaourts maison, c'est simple des forments Danone et du lat JAMAIS MIEUX NOURRI QUE PAR Soi-MÊME! Playing not to lose Incentive not aligned to performance Insufficient contribution from purpose to value creation DIAGNOSIS 8

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