Investor Presentaiton
Nestlé 2023 Half-Year Results
Thursday 27th July 2023
Moving on to slide 5 and our business as a force for good section I would like to highlight our
work on sourcing deforestation-free palm oil.
Palm oil is a very versatile vegetable oil used in a number of our categories. It is quite efficient
with regards to land use per ton produced but, of course, it needs to be responsibly farmed.
Nestlé is committed to that. We pursue high-tech solutions, like the satellite tracking system,
which we adopted as the first large-scale user to monitor our palm oil supply chain. At the other
end of the spectrum, we are closely involved in on-the-ground measures, working with small-
holder farmers to find sustainable and equitable solutions. We leave no stone unturned. We
are now nearing 96% deforestation-free sourcing for palm oil and will continue to disclose this
number annually.
Getting to deforestation-free and staying there will be a constant effort and we are committed
to it in the name of avoiding deforestation around the world and protecting our climate.
Slide: 2023 guidance updated
This takes us to slide 6 and our updated outlook for the year. Based on the stronger-than-
expected Organic Growth and Real Internal Growth development in the first half, we now
increase our Organic Growth guidance for the full year to a range of 7-8%. While it is prudent
in volatile times to leave some downside protection, I would like to share my personal
expectation that we intend to hit the upper half, if not the upper end of this range. We fully
confirm all other items of our 2023 guidance and believe that our strong first half financials put
us in a very good position to meet or exceed those.
With this I would like to hand over to François.
I look forward to answering your questions later.
François-Xavier Roger, Nestlé SA, Chief Financial Officer:
Slide: Title Slide
Thank you, Mark, and good morning or afternoon to all.
Slide: Half-year sales growth
Let me start with the highlights for the first six months of 2023.
Organic growth reached 8.7% with pricing of 9.5%, reflecting the impact of cost inflation
received over the last two years.
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