Nestle Investor Event Presentation Deck
Our value creation model and 2025 targets
21
Sustainable organic
sales growth
mid single-digit
Working capital
0% of sales
Dividend
Operating performance
Underlying
TOP margin
17.5 -18.5%
maintain practice
increase y-o-y in CHF
Annual underlying
EPS growth
6 - 10%
Capital discipline
Capex
~ 5% of sales
Financial policy
Net Debt / EBITDA
2.0-3.0x
Organic growth may exceed the mid single-digit level if pricing is materially above the average level of the last 10 years
Underlying EPS growth in constant currency. Underlying EPS growth and ROIC targets exclude any significant M&A activity
Working capital calculated on a 5-quarter average
November 29, 2022
Free Cash Flow
trending toward
12% of sales
ROIC
trending toward 15%
Value creation for both society and our shareholders
Share buybacks
return excess cash
Nestlé investor
seminar 2022View entire presentation