Third Point Management Activist Presentation Deck

PROPOSED CHANGES CAN MATERIALLY IMPROVE THE LONG-TERM, OPERATING AND FINANCIAL TRAJECTORY OF THE BUSINESS Stronger and more sustainable growth *Faster and more responsive organization with more focused strategy Better organic sales growth from greater exposure to higher growth key categories Higher margins from announced productivity savings and improved category mix Proceeds from divestitures recycled into acquisitions and share repurchase THIRD POINT Potential to double EPS over the next 5 years Nestlé earnings per share, CHF Nestle 3.21 2012 Note: Historical financials updated for restatements where applicable. Source: Third Point LLC; Nestlé company materials 2% CAGR 3.55 2017 15% CAGR 7.00 2022 4

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