Third Point Management Activist Presentation Deck

ORGANIZATION DESIGN STILL TOO COMPLEX AND BUREAUCRATIC Nestlé structure Zone AMS: Americas THIRD POINT Laurent Freixe Zone AOA: Asia, Oceania and sub-Saharan Africa Wan Ling Martello Chief Financial Officer François-Xavier Roger Nestlé Waters Maurizio Patarnello Corporate Communications. Eugenio Simioni Chairman of the Board Nestle Paul Bulcke Chief Executive Officer Mark Schneider Nestlé Business Excellence Chris Johnson Chief Technology Officer Stefan Palzer Operations Magdi Batato Nestlé Health Science Greg Behar Strategic Business Units, Marketing, Sales and Nespresso Patrice Bula Zone EMENA: Europe, Middle East, North Africa Marco Settembri Human Resources Source: Third Point LLC; Nestlé company materials Peter Vogt Corporate Governance Compliance & Corporate Services David P. Frick Current design suboptimal ܀ ܀ Company managed through confusing mix of geographic zones and categories Too many layers of management Complex decision-making process Unclear lines of responsibility 28

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