Nestlé Full-Year Results 2022

Sustaining strong operating cash flow generation Cash flow as % sales Cash generated from operations 20.1% 20.1% 20.1% 20.0% 19.3% 19.5% 12.9% 11.8% 12.1% 10.4% 10.0% Free cash flow 7.0% 2017 2018 2019 2020 2021 2022 Impacted by decision to temporarily increase inventories and high capex level Cash generated from operations before changes in working capital; 2017 restated, reflecting implementation of IFRS 15 and IFRS 16 29 February 16, 2023 Nestlé full-year results 2022 Nestle Good food, Good life

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