Nestlé Full-Year Results 2022

Inflation more than offset pricing, growth leverage and efficiencies 17.4% -260 bps +20 bps 17.1% +210 bps Underlying TOP FY-2021 Margin -30 bps on a reported basis and -40 bps in constant currency Gross margin* Distribution * Gross margin = Sales - cost of goods sold 26 February 16, 2023 Nestlé full-year results 2022 Administration, marketing, R&D Underlying TOP FY-2022 Nestle Good food, Good life

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