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Kenvue IPO Presentation Deck

PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBITED IP ADDRESS: 95.24.50.50 EMAIL: Reconciliation of the change in Net sales to Organic growth PRINTING, COPYING, AND DISTRIBUTION OF (Dollars in Millions) Self Care Skin Health and Beauty Essential Health Total Self Care Skin Health and Beauty Essential Health Total PRINTI ROADS IP ADDRESS: 95.24.50.50 EMAIL Self Care show.com Skin Health and Beauty Essential Health Total Self Care Skin Health and Beauty Essential Health Total ROADSHOW MATERIALS IS STRICTLY PROHIBITED IP ADDRESS. 95.24.50.50 EMAIL: user@netro-Reported net sales change Amount $387 (191) (300) $(104) Amount $408 91 88 $587 Amount $175 99 (12) $262 (4.2) (6.2) (0.7)% Percent 8.6% Amount $415 PRINTING, COPYING(158) (3.4) DISTRIBUTION OF ROADSHOW MATER(114) STRICTLY PROHIBITED (2.3) IP ADDRESS 95 24 $143 1.0% Percent 7.8% 2.0 1.8 4.1% Impact of foreign Acquisitions and currency divestitures Percent OW MATERIALS IS S 6.9%RESS: 95.24.50.50 $226 [email protected] 173 218 $617 2022 vs. 2021 Amount OHIBITED 2021 vs. 2020 Amount $(126) (46) (36) $(208) 2020 vs. 2019 Amour 39 14 Amount PRINTING AND ROADSHOW $53ERIALS IS STRICTLY PRC $566 80 49 $129 Amount $45 49 175 $269 Fiscal Three Months Ended April 2, 2023 vs. April 3, 2022¹ Percent COPYING, AND DIAmount OF Amount PROHIBITED 11.9%OW MATERIALS IS STR $(50) DRESS 95.24.50.50 9.8 [email protected] (34) (1.1) 7.3% (57) $(141) Amount (21) 30 $9 unt $613 21 Organic growth Amount $460 (130) 91 $421 Pe ent 10.9% 0.5 Amount Percent $282 PRINTING, COPYING, 5.4%STRIBUTION OF 125 ROADSHOW MATERIAL 2.8 STRICTLY PROHIBIT 101 EMAIL: [email protected] $508 IP ADDRESS: 95.24.50. Amount $225 133 45 $403 (1.4) 3.8% 3.5% Percent 9.5% (2.8) 1.9 2.9% Percent 15.3% 13.2 4.0 11.2% 1 We have provided estimates and ranges of certain preliminary results because our closing procedures for the fiscal three months ended April 2, 2023 are not yet complete. Our actual results for the fiscal three months ended April 2, 2023 remain subject to the completion of management's final review and our other closing procedures, or subsequent events, as well as the completion of the review of our combined financial statements. Accordingly, we caution you not to place undue reliance on our preliminary results set out below, which may differ from actual results. Our independent registered public accounting firm, PricewaterhouseCoopers LLP, has not audited, reviewed, compiled or applied agreed-upon procedures with respect to this preliminary financial data PRINTING, COPYING, AND DISTRIBUTION OF ROADSHOW MATERIALS IS STRICTLY PROHIBIT IP ADDRESS: 95.24.50.50 34 EMAIL: [email protected] K Kenvue
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