Third Point Management Activist Presentation Deck

DESPITE OWNING MANY UNDERPERFORMING AND NON-STRATEGIC BUSINESSES, NESTLÉ HAS BARELY MADE ANY SIZABLE DIVESTITURES THIRD POINT 199 Nestle Nestle NET WT1.55 02 (43.8g US Confectionary (~1% sales) Raisinets CRUNCH CRE MILK CHOCOLA with C 100 GRAND SweetARTS LaffyTafty RETA ROPES Completed and proposed disposals account for less than 2% sales CION ✔ SweetARTS CHEWYSOURS SUR Baby Ruth Butterfinger Gerber Life Insurance (~1% sales) Gerber Life Insurance Company Note: US Confectionary sold to Ferrero in March 2018; strategic review underway for Gerber Life Insurance. Source: Third Point LLC; Nestlé company materials; Google Images ELEVATED MULTIPLES AND STRONG STRATEGIC DEMAND MAKE NOW A GOOD TIME TO SELL ASSETS 20

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