Kenvue IPO Presentation Deck
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IP ADDRESS: 95.24.50.50
EMAIL
We are positioned for success
PRINTING, COPYING, AND DISTRIBUTION
Strategic transformation to accelerate profitable growth
EMAIL [email protected]
Johnson Johnson
CONSUMER
Pre-2019
• Long-standing roots within Johnson
& Johnson but increasingly
PRINTING differentiated business
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EMAIL Global presence and well-
established brands
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Large and disparate portfolio: 95 24.50.50
(broad SKU lineup)
EMAIL: [email protected]
• Profitability lagging consumer peers
Managed for free cash flow
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&
CONSUMER HEALTH
2019-2022
Increased agility through route-to-
PRINTING, COPYING, AND DISTRIBUTIO market and portfolio optimization
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• Strategic transformation
implemented by current leadership
• 21% SKU reduction
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• Investment in technology and
digital capabilities
COPYING, AND DISTRIBUTION OF
• ~200bps of adjusted gross profitTED
margin expansion 1.2.com
K Kenvue
PRINTING, CYOND THE BESTREINONDE
ROADSHOW
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EMAIL User
2023 and beyond
Standalone publicly traded company
Focused and aligned leadership team
Integrated end-to-end and aligned
to industry dynamics
Disciplined capital allocation strategy
Top-line growth acceleration with
marketing and innovation
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Continue to invest in R&D and
digital capabilities
PRINTING, C
ROADSHOW
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EMAIL: user@netroadshow.
OF
OHIBIT
1 Gross profit margin adjusted for restructuring expense and amortization of intangible assets; -193bps of gross profit margin expansion on a GAAP-basis; from 2019-2022; 2 Adjusted gross profit is a non-GAAP measure. Please see the Appendix to this
presentation for a reconciliation to the most directly comparable GAAP measures
K kenvue
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6
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