Kenvue IPO Presentation Deck

PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBITED IP ADDRESS 95.24.50.50 EMAIL Realize the extraordinary power of everyday care PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBITED IP ADDRESS 95.24.50.50 EMAIL: [email protected] • • World's largest pure-play consumer health company¹ . World class, global portfolio built over the last 135 years Operates in large and growing consumer health market PRINTING, COP Differentiated portfolio of iconic brands ROADSHOW IP ADDRESS: 997 attractive categories EMAIL [email protected] Poised to benefit from consumer health trends Sustainable top-line growth in attractive categories . 1 Largest by revenue in 2022 I kenvue . Clear sources of STRIBUT DISTRIBUTION OF competitive advantage HIBITED EMAIL [email protected] I and global footprint Strong commitment to our HealthYERIALS IS STRICTLY PROHIBITED OPRYING, AND DISTRIBUTION OF chain Lives Mission IP ADDRESS: 95 24.50.50 EMAIL: [email protected] Deep connection with consumers builtINTING COPYING ND Efficient cost base supporting gross upon trust and human empathy ROADSHOW MATERIALS I IP ADDRESS: 95.24.50.50 margin expansion Product portfolio recommended by EMAIL user@netraddow Significant cash flow and disciplined healthcare professionals and experts financial philosophy Healthy balance sheet management Consumer-focused innovation backed by science Digital-first mindset delivering better consumer health experiences Scaled and purpose-built global supply Proven leadership team with deep industry experience PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBITED IP ADDRESS 95.24.50.50 netroadshow.com Strong and improving profitability $22 € Robust financial profile and disciplined financial policy TW • show.com • Focused on driving long-term value creation through sustaining profitable growth Durable cash ($) flow generation TRIBUTION OF EMAIL: [email protected] COPYING, AND DISTRIBUTION OF ADSHOW MATERIALS IS STRICTLY PROHIBIT STRICTLY PROHIBITED Disciplined capital allocation PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBIT IP ADDRESS 95.24.50.50 21 EMAIL: [email protected]

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