Third Point Management Activist Presentation Deck
SEGMENT PORTFOLIO INTO THREE BUCKETS:
FOCUS, DEVELOP, DIVEST
FOCUS
DEVELOP
DIVEST
Source: Third Point LLC
THIRD POINT
Nestle
Focus on key categories with high barriers to entry
where Nestlé has competitive strengths
* Advantages driven by consumer trust, technical expertise, and brand strength
Key categories include coffee, pet, nutrition (infant and medical), water
Develop other categories to create scale and competitive competency
Opportunities in chocolate, creamers, and dairy
Employ "up or out" strategy for developmental brands
Divest inherently weak and non-strategic categories
through sales, spin-offs, or other methods
* Target categories with limited brand strength and vulnerability to changing preferences
→ Opportunities include frozen food, ice cream, packaged meats, pasta, peanut milk
products, skin health, and others
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