Nestle Results Presentation Deck

Pricing, growth leverage and efficiencies mostly offset inflation 16.9% 20 Underlying TOP HY-2022 * Gross margin = Sales - cost of goods sold July 27, 2023 - Nestlé half-year results 2023 40 bps Gross margin* + 50 bps + 10 bps Margin +20 bps on a reported basis Margin +30 bps in constant currency Distribution Administration, marketing and advertising, R&D 17.1% Underlying TOP HY-2023 Nestle Good food, Good life

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