2021 Delivery and Strategic Choices

Unilever Guidance and building blocks of margin recovery 2022 Guidance 4.5-6.5% price led growth Maintain competitive levels of spend in BMI, R&D and Capex 2023 and 2024 margin recovery Input cost deflation • • FY UOM 16-17%, down by 140-240bps H1 more heavily impacted than H2 Margin to be restored after 2022, with the majority coming back in 2023 Pricing carry over Savings delivery 11

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