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Investor Presentaiton

• Africa, USA & Middle East delivers seventh consecutive quarter of • • double-digit sales growth • Continued momentum; double-digit sales growth of 12% (constant currency); 3-year constant currency CAGR of 11% EBITDA margins decreased by 160 bps year-on-year largely due to higher marketing investments Dry Hair category (that comprises slightly over half of the business) grew in mid-single digit, while the FMCG category grew in double digits Strong sales growth momentum continues in Southern Africa In line with our strategy of driving category development, there have been increased investments across the Dry Hair and FMCG categories

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