Third Point Management Activist Presentation Deck
TO REVERSE UNDERPERFORMANCE, NESTLÉ MUST ADOPT A
#Nestlé NOW MINDSET
STRATEGY
PORTFOLIO
ORGANIZATION
THIRD POINT
Assessment
Nestle
Strategy vaguely defined
and raises questions about
focus and capital allocation
Management not moving
quickly enough to exit
underperforming and
non-strategic businesses
Insular, complacent, and
bureaucratic organization is
overly complex, moves glacially,
and misses too many trends
m
m
Recommendation
BE SHARPER. Clarify total company and
category-specific strategies, improve
transparency, add food & beverage
expertise to Board
BE BOLDER. Divest as much as 15% of
sales and financial stake in L'Oréal. Recycle
proceeds into M&A / buybacks to better
align portfolio around key categories
Note: Nestlé management highlighted coffee, pet, nutrition, and water as key categories. Source: Third Point LLC; Nestlé company materials
BE FASTER. Simplify organizational
structure and split internally into three
divisions (organized around categories) to
improve focus, agility, and accountability
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