Third Point Management Activist Presentation Deck

NESTLÉ CAN USE PROCEEDS FROM ASSET SALES FOR ACQUISITIONS AND SHARE REPURCHASES Source: Third Point LLC THIRD POINT Nestle Acquisitions ܀ ܀ Strategically increase exposure to key categories with better long-term prospects Leverage global scale and take smaller brands into new geographies Drive earnings accretion Share repurchases ܀ ܀ Opportunistic time to repurchase shares ahead of inflection in sales and margins Share repurchases are lower risk than acquisitions and less dilutive to return on invested capital Drive earnings accretion OPPORTUNITY TO CREATE HIGHER QUALITY PORTFOLIO WITHOUT EARNINGS DILUTION 26

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