Nestle Investor Event Presentation Deck

Sustaining strong cash flow generation 15 Free cash flow 10.4% 2017* 11.8% 2018 12.9% 2019 Cash generated from operations before changes in working capital and capex 2017 restated, reflecting implementation of IFRS 15 and IFRS 16 November 29, 2022 Cash flow as % sales 12.1% 2020 10.0% 2021 2022 estimate 2025 target Trending toward 12% of sales 3 Nestlé investor seminar 2022

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