Investor Overview

A unique Global Position to Create Value

Best Brand Portfolio

Seven Brands with more than $1 billion in sales each

#1 Globally*

#1 in 6 of
top 10 countries

Innovation

Launched 100+ Products in 2021

Best Cost Takeout

$1B net cost takeout (2017-2021)

Strong Regional Footprint

Net Sales by Region (2021)

57%
14%
23%
6%

North America

Strong value creation in a healthy marketplace

Latin America

Positioned to capitalize on Brazilian demand and consumer trends

Europe, Middle East & Africa

Long-term profitable growth strategy is on track

Asia

Solid growth across the region, led by India

Strong Financial Performance*

$22.0B Sales

(2021, As Reported)

Double-digit revenue growth

$2.0B Adjusted Free Cash Flow

(2021, As Reported)

Strong cash flow generation

10.8% EBIT

(2021 Ongoing, As Reported)

Focused plans to expand margins

20% TSR

(2011-2021)

Annualized Total Shareholder Return

Performance Image

Compelling long-term goals

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



Balanced capital deployment & Consistent return to shareholders

~3%

Capex as % of Net
Sales

15%+

ROIC Threshold on Aquisitions

Invested $5.4B

in our business (2017-2021)

~30%

Target Dividend
Payout Ratio

$3.5B

Share Repurchase Authorization

Returned $4.8B

to shareholders (2017-2021)

Ongoing Earnings per Share*16% CAGR from 2012 to 2021

*For more information, see Supplemental Information

** $1.5B available as of 12/31/21 and additonal authorization of 2B approved in February 2022