St. Louis Investor Conference

Wrap-up Where We Were ▸ Focused Equity Agreement Compliance ▸ Wholesaler performance defined by means ... not results ▸ Regions autonomous Business Units ▸ Decentralized retail execution ▸ Fragmentation many programs too Where We Are ▸ Wholesalers focused on Excellence ▸ AOE results means and Centralization and Standardization ▸ Leverage size Fewer, bigger ▸ Chain Execution ... category management ▸ Simplify the complex through technology Where We Are Going ▸ Best in Class Sales Machine ▸ Managing the complexity ... Turning the complex into routine ▸ Leveraging our scale and strength Doing fewer things, bigger and better ▸ Executing with Military Like Precision ... Focused, aligned, working as one Brands Affordability Market share Availability Profitability Process, Information, Technology & Innovation People Cost to

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