Trian Partners Activist Presentation Deck

Revitalize P&G - Together I. A Record of Underperformance II. Trian Strategic Initiatives: Regain Lost Market Share a. Organize in Way That Promotes Accountability b. Ensure Management's $12-$13bn "Productivity Plan" Delivers Results c. Fix The Innovation Machine d. Develop Small, Mid-Size & Local Brands e. Make M&A a Growth Strategy and a Core Competency f. Win in Digital g. Address Insular Culture h. Improve Corporate Governance III. Appendix: Trian Overview - 87 -

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