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Investor Presentaiton

Pricing, growth leverage and efficiencies mostly offset inflation 16.9% Underlying TOP HY-2022 + 50 bps - 40 bps * Gross margin = Sales - cost of goods sold 20 July 27, 2023 Nestlé half-year results 2023 Gross margin* + 10 bps 17.1% Margin +20 bps on a reported basis Margin +30 bps in constant currency Distribution Administration, marketing and advertising, R&D <- Underlying TOP HY-2023 Nestle Good food, Good life

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