Third Point Management Activist Presentation Deck

SLOW RESPONSE TO INDUSTRY CHANGES HAS LED TO WEAK FINANCIAL PERFORMANCE THIRD POINT 8% Nestle 6% 4% 2% 0% Organic sales growth has slowed Nestlé organic sales, % growth 5.9% 2012 4.6% 2013 4.5% 2014 4.2% 2015 3.2% 2016 2.4% 2017 5 4 3 2 1 0 Earnings growth stalled Nestlé earnings per share, CHF 3.21 2012 3.50 2013 3.44 Note: Historical financials updated for restatements where applicable. Source: Third Point LLC; Nestlé company materials 2014 3.31 2015 3.40 2016 3.55 2017 8

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