Growth by Choice: Good for You, Good for the Planet

5 Growth by choice: optimize portfolio rigorously Portfolio choices Exit when market attractiveness declines Choose where to play Growth by choice Evolve business model Portfolio actions Choose where to play Multiple-markets: Avoided commoditized growth segments i.e., soya sauce, wheat flour Evolve business model Myanmar: Switched to third-party distributor model Cut the tail & grow the head MENA: Cut low growth, low margin tail SKUs by 22% Protect & grow jewels Philippines: Re-organized nutrition business leading to market share gains Exit scale-back Japan: Optimization of KitKat Chocolatory boutiques Protect & grow jewels Cut the tail & Grow the head 22 22 June 8, 2023 Deutsche Bank 2023 Nestle Good food, Good life

View entire presentation