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Investor Overview

A unique Global Position to Create Value

Best Brand Portfolio

Multiple brands with more than $1 billion in revenue

Innovation

Launched 100+ Products in 2022

Best Cost Takeout

$700 million of fixed cost take out (2017-2022)

Investor Overview

Strong Regional Footprint

Net Sales by Region (2022)

58%
North America
16%
Latin America
20%
Europe, Middle East & Africa
6%
Asia
6% Asia, 16% Latin America, 20% Europe, Middle East, and Africa, and 58% North America

Financial Performance*

$20.0B Sales

(2022, As Reported)

Solid revenue delivery

$820M Free Cash Flow

(2022, As Reported)

6.4% CAGR (2018-2022)

6.9% EBIT

(2022 Ongoing, As Reported)

Focused plans to expand margins

6% TSR

(2012-2022)

Annualized Total Shareholder Return

Performance Image

Compelling Long-Term Value Creation Goals

Long Term Images

5-6%Annual organic net sales growth

11-12%EBIT margin

7-8%FCF as % of net sales

Top-QuartileS&P 500 Total Shareholder Return

Long-Term Goals

Long-Term Goal Supplemental Information

Balanced Capital Deployment & Consistent Return to Shareholders

~3%

Capex as % of Net
Sales

15%+

ROIC Threshold on Aquisitions

Invested $5.1B

in our business (2018-2022)

~30%

Target Dividend
Payout Ratio

$2.6B

Share Repurchase Authorization**

Returned $5.0B

to shareholders (2018-2022)

Ongoing Earnings per Share*8% CAGR from 2013 to 2022

Supplemental Information

*For more information, see Supplemental Information

** $2.6B available as of 12/31/22