Investor Overview - Q3 2023

FOCUSING ON OPPORTUNITIES TO DRIVE MARGINS Increasing Quality Leadership Trade Promotion Optimization Comparable Operating Margin (a) 28.7% +2.2 pts 26.5% 0000 "Future-Ready" Supply Chain Marketing Effectiveness & Efficiency 2017 Continuous Productivity Mindset $ Prudent Capital Investments 2022 Above LTGM algorithm (b) Margins outperforming peers(c) (a) Non-GAAP (b) Last 5 years average organic revenue (non-GAAP) growth is 7% and last 5 years average comparable currency neutral operating income (non-GAAP) growth is 10% (c) 2017 to 2021 comparable operating margin (non-GAAP) change has outperformed selected U.S. beverage and consumer goods peers 27

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