Growth by Choice: Good for You, Good for the Planet

Solid performance over the last 10 years 9% 8% Organic growth in Zone AOA Organic growth 8.2% 10-year average 5.0% Underlying TOP margin + 80 bps 7% 6.4% 22.9% 22.1% 6% 5% 4.2% 4% Pricing 10-year average 2.1% 3% 2% 1% RIG 0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2022 10-year average 2.9% Underlying TOP margin before allocation of central costs, not comparable with Group underlying TOP margin or emerging market underlying TOP margin which are after allocation of central costs 15 June 8, 2023 Deutsche Bank 2023 Nestle Good food, Good life

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