Investing for Growth

Unilever We have sharper, more distinctive Business Group strategies Beauty & Wellbeing Personal Care Home Nutrition Ice Cream Care €12bn €13bn €12bn €13bn €8bn Value creation High Growth Growth Growth and margin Growth Growth and ROA Margin Accretive Accretive Dilutive vs UL Position Slightly accretive Dilutive Challenger Leader Emerging market leader Big brand leader Category builder Focus Purpose. Science. Desire Extend leadership Category development Boldly healthier Premium and OOH - Cap. allocation Acquisitions - Disposals Priority Limited Limited Selective pruning where needed Indicative size of Business Groups, Nutrition excludes ekaterra Focused Limited 11

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