Unilever Investor Event Presentation Deck

Unilever Net material inflation (NMI) expected to continue into H1 2023 Commodity costs Higher year-on-year raw material costs, partly a result of favourable covers in H1 2022 Supplier conversion costs Labour and energy inflation affecting raw material processing costs for suppliers Currency USD strength raises the local cost of raw materials Our current estimate for NMI in H1 2023 is in the region of €2bn, with a range of possible outcomes 27

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