Investor Presentaiton

OUTLOOK: ACCELERATING TOPLINE AND INVESTMENTS FOR SUSTAINABLE GROWTH 20191 Long Term Targets Organic Net Revenue growth² 2-3% 3%+ Adj. EPS growth² (cst fx) 3-5% HSD Free Cash Flow ~$2.8B $3B+ Interest expense, net ~$450 million Adj. Effective Tax Rate % Share repurchase 1. Please see slide at end of deck regarding GAAP to Non-GAAP reconciliations on our 2019 outlook 53 2. 2019 Currency Impact on Revenue of (3)% and Adjusted EPS of $(0.07), based on Jan 25, 2019 published FX rates (source: XE.com) Low 20s ~$2B Mondelez. International SNACKING MADE RIGHT

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