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

Attractive financials supported by scale and efficiencies Underlying TOP margin* in emerging markets + 110 bps > 18% Attractive financials supported by: 2013 2022 Selective and attractive category exposure Leading positions and strong brands Scale and efficiencies Local production and deep distribution ROIC in emerging markets ROIC > Group ROIC in Zone Latin America, Zone AOA and Zone Greater China *Underlying TOP margin after allocation of central costs, comparable with Group underlying TOP margin but not comparable with Zone underlying TOP margin which is before allocation of central costs 12 June 8, 2023 Deutsch Bank 2023 Nestle Good food, Good life

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