Nestle Investor Event Presentation Deck

Restoring gross margin is key to enabling growth investments 6 48.3% 2017 48.7% 2018 Gross margin (Sales - Cost of good sold) / Sales November 29, 2022 49.0% 2019 49.1% 2020 47.8% 2021 2022 estimate ● • Implement responsible pricing ● ● Drivers ● Premiumize product offerings Drive cost efficiencies Secure strong growth leverage Manage portfolio actively Excluding Nestlé Skin Health. 2017 restated to reflect implementation of IFRS 15, IFRS 16 and reclassification of certain cost items from marketing and administration to cost of goods sold 1 Nestlé investor seminar 2022

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