Third Point Management Activist Presentation Deck

LARGE EXPOSURE OUTSIDE KEY CATEGORIES WEIGHING ON GROWTH THIRD POINT 6% Nestle 4% 2% 0% Key categories already growing 3-4% Organic sales, % growth 4.1% CY16 2.9% CY17 3.6% 1918 6% 4% 2% 0% Other categories barely growing 2% Organic sales, % growth 2.0% CY16 1.6% CY17 CURRENT PORTFOLIO UNLIKELY TO SUSTAINABLY DELIVER MID-SINGLE DIGIT % ORGANIC SALES GROWTH 1.6% Note: Using category results for Powdered and Liquid Beverages, Pet Care, Nutrition and Health Science, and Water as proxy for key categories; Historical financials updated for restatements where applicable. Source: Third Point LLC; Nestlé company materials 1q18 19

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