Investor Presentaiton

Nestlé 2023 Half-Year Results Thursday 27th July 2023 Let's now shift focus to the results of our seven operating segments, beginning with Zone North America, where we saw 10.0% organic growth, with inflation-related pricing of 11.0%. RIG at -1.0% was resilient in the context of portfolio optimization actions and capacity constraints, particularly for Purina PetCare, Perrier water and Coffee creamers. Excluding these impacts, RIG was slightly positive in North America in the first half. The Zone delivered broad-based growth across brands and categories, driven by favorable mix and continued momentum in e-commerce. The Zone saw market share gains in Pet food, Frozen meals as well as Soluble and portioned coffee. By product category, the largest growth contributor was Purina PetCare, which reported growth in the mid-teens, with positive RIG. The Beverages category, including Starbucks products, Coffee mate and Nescafé, posted high single-digit growth. Sales of Nestlé Professional and Starbucks out-of-home products grew at a strong double-digit rate. Frozen food reported flat growth, partly impacted by portfolio optimization actions in Canada. We are seeing positive market share trends across brands, including gains for Stouffers, Jack's and California Pizza Kitchen. The Zone's underlying trading operating profit margin increased by 280 basis points, mainly as a result of the divestment of a majority stake in Freshly and portfolio optimization initiatives. Pricing and cost efficiencies also helped to offset significant cost inflation received over the last two years. Slide: Zone Europe Next is Zone Europe. Organic growth was 8.9%, driven by pricing linked to significant input cost inflation received over the last two years. RIG was -2.4%, following a high base of comparison and portfolio optimization actions. It is worth remembering that over the last two years RIG increased by more than 6% for the first half. Growth in Zone Europe was supported by strong sales development for e-commerce and continued momentum for out-of-home channels. The Zone saw market share gains in Pet food, Confectionery and Infant Nutrition. By geography, the U.K., Türkiye and Central & Eastern Europe were the lead contributors to growth. By product category, the key growth driver was Purina PetCare, fueled by premium brands Felix, Gourmet and One. Growth for PetCare was strong across all channels, particularly in e- commerce. Confectionery reported high single-digit growth with strong demand for KitKat. 6

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