Third Point Management Activist Presentation Deck
SHARES HAVE SIGNIFICANTLY UNDERPERFORMED
EUROPEAN STAPLES PEERS
THIRD POINT
50%
Nestle
0%
(50%)
(100%)
(150%)
Nestlé Performance Gap vs. European Peer Average
Total Shareholder Return Gap, %
(6%)
1-Year
(5%)
3-Year
(20%)
5-Year
(119%)
Note: Total Shareholder Return (measured in local currency) includes dividends; Nestlé TSR on a 1, 3, 5, and 10 year basis was -5%, +22%, +45% and +135% respectively;
European Peer Index consists of SPDR MSCI European Consumer Staples Index members with market capitalization greater than $40 billion as of June 29, 2018; companies
include Anheuser-Busch InBev, British Tobacco, Danone, Diageo, Heineken, Henkel, L'Oréal, Reckitt Benckiser, Pernod Ricard, Unilever. Source: Third Point LLC; Bloomberg
10-Year
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