Investor Presentaiton
Nestlé 2023 Half-Year Results
Thursday 27th July 2023
Luca Borlini, Nestlé S.A, Head of Investor Relations:
Slide: Title slide
Good afternoon, and good morning to everyone. A warm welcome to the Nestlé First Half
2023 Results Webcast and thanks for joining.
I am Luca Borlini, Head of Nestlé Investor Relations. Today, I'm joined by our CEO, Mark
Schneider, and our CFO, François Roger.
Mark will begin with key messages and discuss the full year 2023 guidance. François will
follow with a review of the first half 2023 sales and profit figures. We will then open the lines
for your questions.
Slide: Disclaimer
Before we begin as usual, please take note of our disclaimer. Now I hand over to Mark.
Mark Schneider, Nestlé S.A. Chief Executive Officer:
Slide: Title Slide
Thank you, Luca, and a warm welcome to our conference call participants today. As always,
we appreciate your interest in our company.
We believe that we have a strong and convincing set of results for the first half, delivering on
key metrics where we had indicated improvement earlier this year. Based on that, we look
towards the second half and the year 2024 with confidence.
Very importantly, after several years of day-to-day crisis management, we have seen signs of
further normalization in our operating environment in the first half. This allows us to be more
strategic and more forward-looking in the way we manage our business. We're getting back to
our proven virtuous circle of managing for steady and profitable growth.
Slide: Key Messages
We are pleased to report strong and broad-based organic growth of 8.7% for the first half of
2023.
Pricing was 9.5%, reflecting significant input cost inflation over the last two years.
As you know, we had cautioned you about expectations for the development of volume and
mix in the second quarter.
Against that backdrop we were quite pleased with the resilient Real Internal Growth, the sum
of volume and mix, which came in at -0.8%. Given that our own voluntary portfolio optimization
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