Third Point Management Activist Presentation Deck
NESTLÉ NOT LIVING UP TO ITS POTENTIAL
→ Nestlé has been too slow to react to significant changes across the
consumer products industry given structural issues around strategy,
portfolio, and organization, and thus operates far below its potential
CEO Mark Schneider has acknowledged the need for improvement,
but pace and magnitude of change seem insufficient and reflect
Nestlé's staid, sometimes sclerotic, culture and tendency toward
incremental improvements
→ Nestlé is losing market share across its categories to both smaller,
more nimble competitors and larger, more focused competitors
* As a result, financial performance has been weak and shares have
underperformed
Source: Third Point LLC
THIRD POINT
Nestle
THIRD POINT, ONE OF NESTLÉ'S LARGEST
INVESTORS, OFFERS THIS ROADMAP TO ENSURE
NESTLÉ MAINTAINS ITS COMPETITIVE POSITION
AND ACHIEVES LONG-TERM SUCCESS
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