Investor Presentaiton

Ferrero Group Sustainability Report 2022 Executive Chairman's and Chief Executive Officer's statements Introduction Our sustainability progress Our reporting F Giovanni Ferrero Executive Chairman, Ferrero Group I'm proud to share Ferrero's 14th Sustainability Report. I am confident it demonstrates the maturity of our sustainability journey and shows the sustainable and solid way we conduct our business, everywhere we operate. The financial year 2021/2022 was particularly difficult, as war broke out, supply chains were disrupted, energy costs surged and inflation grew alongside the cost of raw materials. The Group was able to grow despite these challenges, confirming its resilience thanks to a strong governance, the dedication of its people, loved brands, a solid business model and long-lasting relationships with our suppliers. But just as importantly, the challenges we have faced and continue to face make clearer than ever that we need to increase our efforts to create a more sustainable future for all. As you will read in this report, the solid progress of our sustainability plans has not been affected. That said, I must pause and offer my thoughts and deepest sympathies to the people of Turkey and Syria, who have been affected by devastating earthquakes recently. We have a production plant in Turkey, and source a great many of our hazelnuts from the region. In addition, we have many valued partners in the country. To support the needed rescue and relief efforts for the affected communities, Ferrero has channelled donations through Save the Children to support recovery, with a particular focus on health, nutrition and education for children. Moreover, working alongside the International Labour Organization in Turkey, we have committed to deliver additional funds for earthquake relief which will primarily benefit children living in the most affected regions. As Ferrero grows and diversifies, we increasingly rely on our global workforce to support us, and we aim to engage and inspire all our people with the emotion and passion that has characterised generation after generation of the Ferrero community. We work to build a culture of trust, respect, diversity and opportunity for all, because we care about our people. We believe it is essential to always work to create an inclusive company culture that uses the full range of people talents. Our focus on people extends across the whole value chain, ensuring we uphold high standards of safety, and of human and labour rights, both within our business and throughout our supply chain. I would like to thank all the Ferrero employees and partners who work so hard to continue to serve our customers, help us succeed as a business, and support the communities which are an integral part of our business. Giovanni Ferrero Executive Chairman, Ferrero Group 04 <

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