Nestle Investor Event Presentation Deck

Creating significant value through portfolio management 19 Positive and material impact from M&A + 50 bps Average contribution to organic growth 2017-2021 From transactions between 2017-2021 November 29, 2022 ~ 1/3 of underlying TOP margin increase since 2017 Addressing underperforming businesses Examples Dairy Middle East & North Africa Removed commoditized dairy products from portfolio D2C Japan Discontinued 80% of SKUs to remove complexity Dairy Brazil Eliminated loss-making SKUs such as Moça Doceria 4 Nestlé investor seminar 2022

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