Investor Presentaiton

Steady Sales growth of 8% (3-year CAGR 10%) Consolidated 8% (9% CC) Sales growth 3-year CAGR 10% (11% CC) India Sales growth 12% 3-year CAGR 12% Consolidated EBITDA growth (13)% 1 Underlying Volume Growth: 2 Consolidated -5% year-on-year; 3-year CAGR 3% Standalone -6% year-on-year; 3-year CAGR 4% Note: CC Constant Currency Steady growth in India 12% (3-year CAGR 12%), Africa, USA & Middle East 12% CC (3-year CAGR 11%) and Latin America & SAARC 15% CC (3-year CAGR 28%); weak performance in Indonesia (12)% CC (3-year CAGR -2%) 3 Consolidated EBITDA margins at 17.2% (13% degrowth); margins decrease by 420 bps year-on-year; EBITDA + working media margins decrease 290 bps (5% degrowth) LO 5

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