Investor Presentaiton

Brazil's journey to become a developed economy BRAZIL DEVELOPMENTS 38% increase GDP per capita¹ Doubled government incentives to families² 14.1 9.5 6.9 6.5 Brazilian riot 2003 2013 2003 2013 CHALLENGES AHEAD Cost of doing business in Brazil is 36% higher than in developed countries and 28% higher than in emerging markets Reduction of 0.9% in total productivity in 2013 Negative productivity changes in the last decade 5.4x higher bank spread Rio 2016 65x longer to comply with fiscal regulations4 15% currency devaluation 3 Halved unemployment World's largest exporter 12.3 5.4 2003 2013 Beef, poultry, coffee, sugar, orange juice, soy and tobacco FIFA WORLD CUP Brasil 2014 FIFA World Cup and the 2016 Olympics ASTICA 19% paved roads 1.7 m km total 7.5x longer to unload and custom clearance 5 São Paulo has 18% of London Subway (km) 75% functional illiteracy 8 June 3rd & 4th, Boston | Nestlé Investor Seminar 2014 Brazilian elections 2014 Source: Brazilian Central Bank and IBGE (1) CHF '000; (2) Numbers of families; (3) 2013 vs. USD; (4) In comparison with Switzerland; (5) Brazil compared with Rotterdam Nestle

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