Capital Allocation and Growth Strategy

1.4% Balanced Price and Volume Growth Organic Net Sales Growth Price ■ Volume 10.4% 6-8% 2-4% Long-term Algorithm ~3% NA Price 1.5% NA Volume 1.5% International Confectionery Salty Snacks 2018-20 2021-22 2023E Long-Term Price ++ Volume + Price + Volume +++ Price + Volume ++ Source: Company Financials

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