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INVESTOR EVENT 2026
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SAFE HARBOUR STATEMENT | INVESTOR EVENT 2026 | 2 This presentation may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vision’, ‘ambition’, ‘target’, ‘goal’, ‘plan’, ‘potential’, ‘work towards’, ‘may’, ‘milestone’, ‘objectives’, ‘outlook’, ‘probably’, ‘project’, ‘risk’, ‘continue’, ‘should’, ‘would be’, ‘seeks’, or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward- looking statements also include, but are not limited to, statements and information regarding Unilever’s emissions reduction and other sustainability-related targets and other climate and sustainability matters (including actions, potential impacts and risks and opportunities associated therewith). Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Unilever Group (the “Group”) (including during management presentations) in connection with this presentation. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments, future performance and other factors affecting the Group, taking into account all information currently available to us. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained in this section. Readers should not place undue reliance on forward-looking statements. Because these forward-looking statements involve known and unknown risks and uncertainties, a number of which may be beyond the Group’s control or precise estimate, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially from the forward-looking statements expressed in this presentation are: Unilever’s global brands not meeting consumer preferences; Unilever’s ability to innovate and remain competitive; Unilever’s investment choices in its portfolio management; the effect of climate change on Unilever’s business; Unilever’s ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever’s supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high-quality products; information and cybersecurity risks, including Unilever's ability to maintain a secure and reliable IT infrastructure; risks associated with rapid advancements in generative AI; execution of acquisitions, divestitures and business transformation projects, including the risks associated with the proposed transaction to combine Unilever’s Foods business with McCormick & Company, Inc., such as the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties or at all, or the difficulties and delays in the combined company achieving the synergies expected thereby, in the time frame expected by the parties or at all; economic and geopolitical risks and natural disasters; financial risks; legal and compliance risks, including failure to meet high and ethical standards, managing regulatory, tax and legal matters and practices with regard to the interpretation and application thereof, and risks related to emerging and developing ESG reporting standards including differences in implementation of climate and sustainability policies in the regions where the Group operates. The list of factors presented here is representative and should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Forward-looking statements are not predictions of future events and any forward-looking events discussed herein might not occur. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. The forward-looking statements speak only as of the date of this presentation. Except as required by any applicable law or regulation, the Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based or as a result of new information. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual events, to differ materially from those contained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Group are described in the Group’s filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Annual Report on Form 20-F 2025 and the Unilever Annual Report and Accounts 2025.
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INVESTOR EVENT 2026 01 Fernando Fernandez, CEOA PUREPLAY HPC 02 Unilever LeadershipDESIRE AT SCALE 03 Srini Phatak, CFOLEADING PERFORMANCE 04 Fernando Fernandez and Unilever LeadershipCLOSE AND Q&A | INVESTOR EVENT 2026 | 3
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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Pureplay HPC Power Brands Premium CULTUREPORTFOLIO DESIRE AT SCALE DISCIPLINE SASSY brands Influence at scale Integrated content Perfect store Pricing Productivity Talent upgrade Intensity & speed Incentives A PROFOUND TRANSFORMATION | INVESTOR EVENT 2026 | 6
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STRONG PERFORMANCE THROUGHOUT | INVESTOR EVENT 2026 | 7 1 Pro forma based on 2025 reported Unilever financials for HPC + India Foods 2024–H1 2026 peer volume per company information; TO -weighted; peer EPS 2024–H1 2026 calculated on a USD basis 11 Peers: Beiersdorf, Church & Dwight, Clorox, Colgate-Palmolive, Estee Lauder, Haleon , Henkel, Kimberly-Clark, L’Oreal, P&G, Reckitt BRAND EQUITY ~65% of turnover strengthening 1 INVESTMENT +€ 2 bn Brand & Marketing Investment vs. 2021 1 VOLUME GROWTH EARNINGS PER SHARE 4.3% 5.3% HPC PEERS 3.3% HPC PEERS ~1.5%
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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BEAUTY & WELLBEING 33% PERSONAL CARE 34% HOME CARE 30% BALANCED ACROSS HPC Pro forma based on 2025 reported Unilever financials for HPC + India Foods| INVESTOR EVENT 2026 | 9
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1 ~90% >90%1 Shared materials R&D foundation Demand Creation Model Shared routes to market Pro forma based on 2025 reported Unilever financials for HPC + India Foods | INVESTOR EVENT 2026 | 10 SHARPER AND COHESIVE
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~+300bps HPC vs. non-HPC global category growth 2022–20252 | INVESTOR EVENT 2026 | 11 1 #1 or #2 based on 322 category/country market share cells 2 Euromonitor LEADING POSITIONS IN ATTRACTIVE VERTICALS #2 BPC Business globally #1 Home Care Business in emerging markets ~90% of revenue in #1 or #2 positions 1
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SIMPLER | INVESTOR EVENT 2026 | 12 FEWER VERTICALS 16 in 2022 10 HPC 2026 FEWER BRANDS ~370 in 2022 ~180 HPC 2026 FEWER SKUS (40)% 2026 vs. 2022 2022 includes Ice Cream and Foods
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FOCUSED | INVESTOR EVENT 2026 | 13 >65% of turnover Top 10 markets Top 15 brands Top 60 cells Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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AUTHORITY EXECUTIONWELLNESS SASSY 4 BELIEFS DEFINE THE WHAT AND HOW OF OUR BRANDS
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BODY MIND HOME | INVESTOR EVENT 2026 | 16 Look better Feel better Live better WELLNESS AS A SECULAR TREND
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THE NORTH STAR OF OUR INNOVATION METABOLIC REVOLUTION MEDICAL -GRADEBIOLOGICAL AGEING ENVIRONMENTAL SHIELDS HOME AS A HAVENEXPERIENCE & PLEASUREBODY RESHAPING | INVESTOR EVENT 2026 | 17
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SASSY INJECTS DESIRABILITY AND MODERNITY | INVESTOR EVENT 2026 | 18 SUPERIORITY & INNOVATION SOCIAL- FIRST DEMAND - SCIENCE - AESTHETICS - SENSORIALS - SAID BY OTHERS - YOUNG SPIRITED
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SOCIAL Creators, communities, advocates PROFESSIONAL Experts, practitioners, services AGENTIC Search, algorithms, AI recommendations AUTHORITY SYSTEMS INCREASINGLY BUILD PERSUASION | INVESTOR EVENT 2026 | 19
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EXECUTION WINS THE STORE | INVESTOR EVENT 2026 | 20 PHYSICAL RETAIL SPECIALIST CHANNELS OMNICHANNEL DIGITAL, QUICK & SOCIAL COMMERCE | INVESTOR EVENT 2026 | 20
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AI ENABLES DEMAND CREATION MODEL | INVESTOR EVENT 2026 | 21 1.5-2x faster growth in distributive trade perfect stores vs. other outlets SHORTER INNOVATION CYCLES CONTENT AT SCALE PERFECT STORES 12x more content vs. 2024 ~3 <12 years months
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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ADJACENCIES DIGITAL DISRUPTORS GLOBAL/REGIONAL POTENTIAL PREMIUMISATIONMARKET LEADERS
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WITH POTENTIAL TO TRAVEL >40 countries 30 to 39 < 1010 to 29 | INVESTOR EVENT 2026 | 24 +600 gross margin bps vs. non-Power Brands 4.4% UVG 11 quarters 2024–2026 YTD ~80% of Unilever 2026 turnover Pro forma based on reported Unilever financials for HPC + India Foods Gruns is pictured but not in USG calculation
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DOVE: OUR BLUEPRINT FOR BRAND BUILDING UNDERLYING GROWTH of Unilever 2025 turnover >17% 2016–2023 2024–2026 YTD 11 quarters ~€7bn 2025 turnover | INVESTOR EVENT 2026 | 25 9.4% USG 7.3% UVG 5.7% USG 3.5% UVG Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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MASSIVE POTENTIAL | INVESTOR EVENT 2026 | 26 HAIR EVERYWHERE INDIA DOVE MEN EVERYWHERE ~16% Dove Hair growth2 ~5% >25% Dove India growth2 ~14% ~10% Dove Men growth2 of Dove sales 1 of Dove sales 1~18% of Dove sales 1 1 2025 Fiscal Year 2 2026 YTD
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VASELINE SHOWS THE REPEATABLE MODEL UNDERLYING GROWTH of Unilever 2025 turnover >3% 2016–2023 2024–2026 YTD 11 quarters ~€1.3bn 2025 turnover | INVESTOR EVENT 2026 | 27 13.1% USG 12.5% UVG 6.9% USG 5.2% UVG Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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MASSIVE POTENTIAL | INVESTOR EVENT 2026 | 28 LIGHT SENSORIALS AFRICALIPS ~11% Gluta-Hya growth2 ~12% ~20% Vaseline Africa growth2 ~12% Lip growth2 of Vaseline sales 1~15% of Vaseline sales 1 ~14% of Vaseline sales 1 1 2025 Fiscal Year 2 2026 YTD
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Efficacy ClinicalPowders Liquids Multi-purpose SpecialistCleansing Fragrance ACCELERATING CATEGORY LEADERS | INVESTOR EVENT 2026 | 29
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INTERNATIONALMARKET MAKING SOCIAL FIRST CLINICAL PROOF SCALING DIGITAL DISRUPTORS | INVESTOR EVENT 2026 | 30
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K18 PROVES THE MODEL | INVESTOR EVENT 2026 | 31 €115m 2023 turnover (acquired Feb 2024) €240m trailing 12-month turnover
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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LEADING POSITIONS IN HIGHER-GROWTH MARKETS 23% 14% 16% 25% 22% NORTH AMERICA EUROPE INDIA LATAM, AFRICA, MIDDLE EAST & TURKEY ASIA 62% Emerging Markets >95% #1 or #2 positions in EMs % OF TURNOVER | INVESTOR EVENT 2026 | 33| INVESTOR EVENT 2026 | 33 Pro forma based on 2025 reported Unilever financials for HPC + India Foods; Asia includes ANZ
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A SUPERIOR GROWTH FOOTPRINT IN THE US | INVESTOR EVENT 2026 | 34 22% of Unilever’s 2025 turnover € 8.5bn turnover in 2025 Pro forma based on 2025 reported Unilever financials for HPC + India Foods 11 quarters | 2024–2026 YTD VOLUME-LED GROWTH 4% UVG 5% USG PREMIUM, DIGITAL PORTFOLIO >95% ~70% >30% B&W + PC Premium eComm % of 2025 turnover
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REPLICATING THE US MODEL IN EUROPE | INVESTOR EVENT 2026 | 35 HIGHER GROWTH +100bps category growth exposure in Europe 1 MORE FOCUSED >50% of turnover in top 3 European markets 1 STRONG POSITIONS 82% of sales in #1 or #2 market share positions in Europe 2 45% 40% 15% Hair & Prestige Skin Care Fabric & Household Cleaning Deodorants & Skin Cleansing 1 Pro forma based on 2025 reported Unilever financials for HPC + India Foods 2 2025 Market Data
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| INVESTOR EVENT 2026 | 36 1 IMF World Economic Outlook; Oxford Economics 2 UN Department of Economic and Social Affairs 3 World Bank GROWTH 2x ~90% of urban population growth in Asia & Africa by 2050 2 • Rapid urbanisation • Significant female entry into the labour force RESILIENCE 2x ~30% >2x ~60% FX reserve coverage of external debt vs. 1999 3 fewer sovereign & banking crises since 2000 vs. 1980–1999 3 middle-class households by 2035 lower public debt vs. advanced economies; 76% vs. 108% 1 GDP growth vs. advanced economies 1 EMERGING MARKETS ARE RESILIENT
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INDIA: OUR EMERGING MARKET BLUEPRINT | INVESTOR EVENT 2026 | 37 PROVEN AT SCALEPORTFOLIO OMNICHANNEL SC AGILITY €6.3bn 2025 turnover >4x operating cash flow since 2014 +9m retail outlets ~4x market share vs. nearest competitor1 Every consumer Every store Right economics 16% of Unilever 2025 turnover >85bn packs sold every year 1 Average across Hair, Skin, Skin Cleansing, Laundry, Dishwash, Lifestyle nutrition
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BEING ROLLED OUT IN NEW FRONTIER MARKETS - #1 market positions - >55% of global population growth to 20301 - Urbanisation - Purchasing power expansion ~9% of Unilever 2026 turnover BANGLADESH >1%PAKISTAN ~1.5%AFRICA >3% VIETNAM ~2.5% | INVESTOR EVENT 2026 | 38 1.4bn population 255m population 175m population 102m population Pro forma based on 2025 reported Unilever financials for HPC + India Foods; 9% 2026 forecast 1 Euromonitor
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WEST TO EAST. EAST TO WEST. | INVESTOR EVENT 2026 | 39 WEST - New premium portfolio - Digital capabilities - Omnichannel - Integration with leading retailers 38% of turnover 1 EAST - Market making - Social commerce - Quick commerce 62% of turnover 1 1 Developed Market and Emerging Market TO; Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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DEVELOPED MARKETS BUILD GLOBAL BRANDS >25% India growth 2026 YTD >40 Wonder Wash markets in less than 3 years ~15% of brand sales in China FY 2025 GLOBAL POWERHOUSES PREMIUM INNOVATIONS DIGITAL DISRUPTORS | INVESTOR EVENT 2026 | 40
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OMNICHANNEL RETAIL CONNECTED COMMERCE DEVELOPED MARKETS BUILD CAPABILITIES WITH MAJOR RETAILERS Market making at national scale >10% POS CAGR at Walmart since 2024 1 ~20% POS CAGR at Amazon since 2024 1 Discovery – Conversion – Agentic | INVESTOR EVENT 2026 | 41 1 2024–2026 YTD point of sale market data
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EMERGING MARKETS LEAD NEW COMMERCE MODELS Content to commerce at scale ~40% USG CAGR on Douyin China since 2024 ~ 55% USG CAGR in India Quick Commerce since 2024 Service at speed SOCIAL COMMERCE QUICK COMMERCE | INVESTOR EVENT 2026 | 42 Q-COMM Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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1 A TRANSFORMED BUSINESS 2 SHARPER, SIMPLER FOCUSED 3 DESIRE AT SCALE 4 POWER BRANDS 5 A FAST-GROWING GEOGRAPHIC FOOTPRINT 6 GLOBAL STRATEGY LOCAL EXECUTION
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GLOBAL STRATEGY multi-year resource allocation LOCAL EXECUTION in-year performance Channels & customers Social marketing Supply chain operations Country end-to-end P&L | INVESTOR EVENT 2026 | 44 Insights & foresight Science & technology Power Brands Portfolio convergence
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FOCUSED MARKETS ORGANISATION ANCHOR MARKETS OTHER CLUSTERS FOCUS MARKETS ~40% of turnover ~15% of turnover ~45% of turnover 18 10 Pro forma based on 2025 reported Unilever financials for HPC + India Foods| INVESTOR EVENT 2026 | 45
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6 PERFORMANCE UNITS. END-TO-END OWNERSHIP. EUROPE ~14% % of Unilever | INVESTOR EVENT 2026 | 46 Pro forma based on 2025 reported Unilever financials for HPC + India Foods NORTH AMERICA ~23% % of Unilever SOUTH ASIA PACIFIC ~14% % of Unilever INDIA ~16% % of Unilever LATAM, AFRICA, MID. EAST & TURKEY ~22% % of Unilever NORTH EAST ASIA ~11% % of Unilever
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FERNANDO FERNANDEZ Chief Executive Officer SRINIVAS PHATAK Chief Financial Officer EDU CAMPANELLA Corporate Strategy Officer MAIRÉAD NAYAGER Chief People Officer PRAKASH KAKKAD Chief Legal Officer & Corporate Secretary RICHARD SLATER Chief R&D Officer WILLEM UIJEN Chief Supply Chain Officer LEANDRO BARRETO Chief Growth & Marketing Officer PRIYA NAIR President Hindustan Unilever BENJIE YAP President South Asia Pacific ASEEM PURI President North East Asia REGINALDO ECCLISSATO HERRISH PATEL President Europe External Appointment President North America LED BY AN EXPERIENCED EXECUTIVE TEAM | INVESTOR EVENT 2026 | 47 President LATAM, Africa, Middle East & Turkey
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CONSISTENT, TOP-TIER PERFORMANCE | INVESTOR EVENT 2026 | 48 BROAD-BASED COMPETITIVE CONSISTENT >2% 4-6% Underlying sales growth Underlying volume growth HIGH TEENS ROIC
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| INVESTOR EVENT 2026 | 49 01 02 03 04 STRATEGY & PORTFOLIO ARE SET ELEVATED BRANDS WITH MOMENTUM COMMERCIAL & OPERATIONS MACHINE CONSISTENT, TOP-TIER PERFORMANCE
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NOW SEE IT IN ACTION 2026
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INVESTOR EVENT 2026 01 A PUREPLAY HPC 02 DESIRE AT SCALE 03 LEADING PERFORMANCE 04 CLOSE AND Q&A Fernando Fernandez, CEO Unilever Leadership Srini Phatak, CFO Fernando Fernandez & Unilever Leadership | INVESTOR EVENT 2026 | 1
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LEADING PERFORMANCE | INVESTOR EVENT 2026 | 2
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TOP 1/3 rd FINANCIAL DELIVERY | INVESTOR EVENT 2026 | 3 All metrics on underlying basis. Growth over 2024 - 9M26; profit over 2024 - 1H26; working capital and ROIC 2025; cash return 2024 - 2 6e Pro forma based on 2025 reported Unilever financials for HPC + India Foods EPS based on H1 26 run rate vs. 2023 base. EPS, working capital, Cash return are Group inc. Foods GROWTH PROFIT CASH +260 bps Gross margin +200 bps Higher BMI and R&D 17 % Cumulative EPS growth in hard FX > € 17 bn returned to shareholders Portfolio Reshaped while accelerating growth 4.8 % USG 3.3 % UVG 4.4 % Power Brand UVG 19 % ROIC - 11 % Negative working capital % of turnover
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DESIRE DELIVERY CULTURE IN A POSITION OF STRENGTH | INVESTOR EVENT 2026 | 4 Top - tier = top third ranking Pro forma based on 2025 reported Unilever financials for HPC + India Foods BRAND EQUITY ~65% of turnover strengthening PERFECT STORE Active in all markets PREMIUM 48% of turnover MORE DIGITAL 500k creators NEW MODELS Social - Comm Quick - Comm TALENT 30% changes in top leadership roles ACCOUNTABILITY 90%+ P&L ownership REWARD 5x differentiated reward SUPPLY CHAIN Top - tier supplier with >80% of customers
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VALUE CREATION 4 - 6 % USG >2 % UVG Hard Currency Earnings growth ~100 % Cash conversion UNDERPINNED BY: Razor sharp focus; uncompromising resource allocation 1 Supply chain re - engineered for structural advantage 2 More impactful, higher return BMI 3 Mitigate stranded cost, drive productivity 4 | INVESTOR EVENT 2026 | 5 Strong balance sheet to invest and return capital 5 CONFIDENCE IN CONSISTENT DELIVERY
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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Average volume growth 2024 - 9M26 Pro forma based on 2025 reported Unilever financials for HPC + India Foods Power Brands ~80% US + India 38% UVG CAGR 2024 - 9M26 STRONGHOLDS SUPPORT >2% UVG Bolt - ons | INVESTOR EVENT 2026 | 8 4.4 % 3.9 % 2.1 % Market volume growth
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100% OF INCREMENTAL BMI RAZOR SHARP FOCUS ON GROWTH | INVESTOR EVENT 2026 | 9 PRIORITY CELLS KEY CHANNELS & CUSTOMERS BRAND EXPANSION Market Leaders Digital Disruptors 35 >50% of turnover Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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FOUR LEADERSHIP POSITIONS TO DELIVER ~65% OF GROWTH | INVESTOR EVENT 2026 | 10 >50 % of turnover from 35 cells Pro forma based on 2025 reported Unilever financials for HPC + India Foods ~65 % of growth from 4 focus areas ~ €7bn ~ €6bn ~ €8.5bn > €6bn 10 Top markets 10 Verticals DEODORANTS AXE
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CLUSTER MARKETS ~15% POWER BRAND FOCUS INNOVATION TAKERS NON - POWER BRANDS ~20% PORTFOLIO RESILIENCE IN EMERGING MARKETS €1 BILLION OF DISPOSALS CLEAR ROLE FOR REST OF PORTFOLIO | INVESTOR EVENT 2026 | 11 ~20% and ~15% of turnover Pro forma based on 2025 reported Unilever financials for HPC + India Foods SIMPLE & PROFITABLE SECURE CATEGORY ADVANTAGE
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STRONGER R&D FOR COMPOUNDING ~ € 750 m Annual R&D spend | INVESTOR EVENT 2026 | 12 ~ € 240 m New US centre ~ € 35 m New India capabilities Leverage our stock of R&D Shifting resources to India World - class partnerships AI accelerated innovation Invest above turnover growth Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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INVESTING COMPETITIVELY, INCREASING DIGITAL Digital ~40% Social ~35% Traditional ~25% €7bn Brand & Marketing Investment + €2bn Brand & Marketing Investment vs. 2021 | INVESTOR EVENT 2026 | 13 % of deployed media Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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CLEAR ROADMAP FOR MARGIN DELIVERY | INVESTOR EVENT 2026 | 15 19.1 % ~ 22 – 23 % HPC Peers* *2025 turnover - weighted average of large listed HPC peers Pro forma based on 2025 reported Unilever financials for HPC + India Foods GROSS MARGIN UPSIDE BMI EFFICIENCY CHANGE HOW WE OPERATE SUSTAIN OUR PRODUCTIVITY ENGINES SCALE DISRUPTIVE SOLUTIONS + RAPID ROI: NEW INVESTMENT DISCIPLINE SIMPLIFY PROCESSES TECH AND AI ENABLED ENTERPRISE + Underlying Operating Margin
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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EVERY COST, RE - EVALUATED | INVESTOR EVENT 2026 | 17 FY 2025 Pro Forma Turnover € 39 bn Cost of Goods Sold € 20 bn Gross Margin > 48 % Brand Investment > 18 % UOM > 19 % €20bn Surfactants, Active Chemicals, & Fragrances ~50% Other Materials Production & Supply Chain Overheads Distribution COST OF GOODS SOLD Pro forma based on 2025 reported Unilever financials for HPC + India Foods Packaging
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| INVESTOR EVENT 2026 | 18 RE - ENGINEERING OUR COST BASE SUSTAIN OUR PRODUCTIVITY ENGINES VALUE CHAIN INTEGRATION RESHAPE CAPEX PROCUREMENT 3.0 VOLUME & POSITIVE MIX BUY BETTER PRODUCTIVITY CAPEX 01 02 03 01 03 02 SCALE DISRUPTIVE SOLUTIONS
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SUSTAIN OUR PRODUCTIVITY ENGINES | INVESTOR EVENT 2026 | 19 Pro forma based on 2025 reported Unilever financials for HPC + India Foods BUY BETTER PRODUCTIVITY CAPEX ~ 1% p.a. ahead of market inflation Deliver consistently +2 % UVG ~60 % M arginal contribution <4 Years payback >50 % Productivity capex + 10 - 20 bps Gross margin + 20 - 30 bps Gross margin VOLUME & POSITIVE MIX
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RAPID PRODUCTIVITY CAPEX PAYBACK LATAM deodorants 2.9 years payback + 600 bps + 130 bps Indonesia Home Care 1.7 years payback | INVESTOR EVENT 2026 | 20 LATAM deodorants gross margin INSOURCING OPTIMISATION & COST SAVINGS Indonesia Home Care gross margin ~ €35m spend ~ €35m spend
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PALM CHAIN > €700m * · Value across oleo chain · Savings · Security · Traceability FRAGRANCES > €100m * · 3 Houses: UK, India and US · Innovation and speed · Significant cost advantages PLASTICS > €150m * · Global Production Hubs · Centralised design · Leading Technology & Efficiency SCALE DISRUPTIVE SOLUTIONS: VALUE CHAIN INTEGRATION | INVESTOR EVENT 2026 | 21 * Capital invested
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with productivity capex >50% 3.3 % 2024 - 26 3.6 % 2027 - 29 HOME CARE COST OPTIMISATION | INVESTOR EVENT 2026 | 22 Pro forma based on 2025 reported Unilever financials for HPC + India Foods SCALE DISRUPTIVE SOLUTIONS: RESHAPE CAPEX BEAUTY & PERSONAL CARE GROWTH, SERVICE and AGILITY
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SCALE DISRUPTIVE SOLUTIONS: PROCUREMENT 3.0 Pro forma based on 2025 reported Unilever financials for HPC + India Foods Core Going deeper with more Unilever expertise Other Leverage partners with specialist capabilities STRATEGIC PORTFOLIOS Surfactants · Fragrance · Chemicals · Packaging · Media MATERIALS & TECHNOLOGY INTELLIGENCE SPECIALIST NEGOTIATORS ENHANCED RISK MANAGEMENT CAPABILITIES Additional instruments and structures DOUBLE SPEND TO €7bn A cross non - core inputs, services & tech PERFORMANCE BASED PARTNERSHIPS Agentic enabled workflows | INVESTOR EVENT 2026 | 23
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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BMI: HIGHER IMPACT, HIGHER RETURN | INVESTOR EVENT 2026 | 25 01 12x more content 02 ~90% lower cost of asset production 03 04 ~90% of website content LLM discoverable 10 - 15% higher returns with Rapid ROI Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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RAPID ROI: NEW INVESTMENT DISCIPLINE 1. ALLOCATE 2. PRE - TEST 3. MONITOR 70% of turnover by end - 2027 04 | INVESTOR EVENT 2026 | 26 Pro forma based on 2025 reported Unilever financials for HPC + India Foods US , India & Brazil d eployment driving significant benefits 10 - 15% higher returns with Rapid ROI 4. RETURNS AND REALLOCATE
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RAPID ROI: DOVE CASE STUDIES 1.0x 1.1x 2.0x 2.3x 2.5x 4.4x Dove Men Clinical Deodorants Dove Men Premium Deodorants Dove Bar Launch-month ROI August 2026 ROI ROI (x) = Media - attributed sales divided by cost Chart shows launch month and August 2026 ROI based on paid media ROAS = Return On Advertising Spend Granular analysis of sales uplift data across channels Optimise bidding & media deployment Dynamic allocation of resources to optimise ROAS | INVESTOR EVENT 2026 | 27
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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| INVESTOR EVENT 2026 | 29 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY Confirming €1.2bn restructuring spend 2027 - 29 € 1 bn savings by 2029 ORGANISATION • Leaner centre • 30 P&L operating units 2 /3 rd PROCESS & TECHNOLOGY • 7 key processes re - wired, enabled by agentic • GBS best - in - class delivery • Radical reduction in non - core IT applications • ZBB approach to non - people and 3rd party spends 1/3 rd
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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INVESTING TO DRIVE GROWTH & CAPITAL RETURNS 1. GROWTH & PRODUCTIVITY 2. M&A 3. CAPITAL RETURNS ~ 60 % Dividend payout ratio € 4.5 bn Share buybacks (2027 – 2029) No transformative acquisitions / disposals Bolt - ons : €1.5bn average spend p.a. ~ 23 % of turnover for brand, R&D & capex investment > 50 % of capex to productivity initiatives Pro forma based on 2025 reported Unilever financials for HPC + India Foods | INVESTOR EVENT 2026 | 31
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CONFIDENT IN ~100% CASH CONVERSION INVENTORY DEBTORS Agentification of processes & reduction of overdues CREDITORS | INVESTOR EVENT 2026 | 32 Optimisation & expanded supplier financing Pro forma based on 2025 reported Unilever financials for HPC + India Foods Inventory cash release 2027 - 29 Zero - based inventory € 350 m Cash conversion cycle vs. peers # 2
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| INVESTOR EVENT 2026 | 33 SIGNIFICANT CASH INFLOW FROM FOODS TRANSACTION $15.7bn proceeds are subject to certain closing adjustments. No refinancing in current financial plan. Pro forma based on 2025 reported Unilever financials for HPC + India Foods $15.7BN / ~ €14.0BN INFLOW €5bn €6bn Remainder ~1.8x No refinancing until 2028 • Tax, restructuring, separation & other costs • Debt paydown • Debt / SBB • End - 2027 leverage (Net debt / UEBITDA) Submitted on schedule Q4 26 / Q1 27 Mid - 2027 at latest • Aiming for faster close • Unilever share consolidation • MKC S - 4 filing • Regulatory clearance • MKC shareholder vote ON TRACK On/around closing • Regulatory filings • Carveout financials
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INVESTMENTS & JVs OFFER FLEXIBILITY | INVESTOR EVENT 2026 | 34 • 19.9% shareholding • #1 Ice Cream company • +33% share price since listing • 50% holding • Sells Lipton iced tea concentrate to bottlers • > €200m Unilever net income from JVs & Assoc. Dividends expected in 2027 • 9.9% future shareholding • Global flavour powerhouse • Strong EPS accretion ~ €6bn estimated value of holdings
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DISCIPLINED APPROACH TO M&A ATTRIBUTES PRIORITIES Leaders in narrow verticals Super growth stage Digitally native Structural growth trends Strong science Clinical evidence Fit with our capabilities International potential Beauty, Wellbeing and Personal Care US = for US & the Globe India = for India & Emerging Markets | INVESTOR EVENT 2026 | 35
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PROVEN TRACK RECORD ACQUISITIONS COMPLETED 14 2020 to 2025 MORE SELECTIVE SUCCESS RATE ~ 80 % 2020 to 2025 MORE SUCCESSFUL SPEED TO SCALE 2 years TO DOUBLE SALES TRACK RECORD CONTINUES # 1 US deodorants* DR SQUATCH 2 x revenue in 18 months MINIMALIST * Unilever Group has taken leadership of US deodorants category. Minimalist revenue run rate. Success rate: vs internal plan wei ghted by turnover at period end. Doubling time: time taken to double revenue for combined HPC acquisitions since 2020. Mid - 2019 acquisitions of OLLY & Tatcha inc luded as 2020 given B&W focus. | INVESTOR EVENT 2026 | 36
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1 SHARPER RESOURCE ALLOCATION 2 SUPPLY CHAIN RE - ENGINEERED 3 BMI: HIGHER IMPACT AND ROI 4 MITIGATE STRANDED COST, DRIVE PRODUCTIVITY 5 STRONG CASH & CAPITAL RETURNS 6 VALUE CREATION
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| INVESTOR EVENT 2026 | 38 4 - 6% Underlying Sales Growth UVG of > 2 % Modest margin improvement (UOM) Fuelled by gross margin Top 1/3rd shareholder returns Bolt - on M&A focused on US, India Cash conversion Net Debt / EBITDA ROIC Growth & productivity Portfolio reshaping Capital returns Increased capex; >50% on productivity Growing dividend with ~60% payout €4.5bn of s hare buybacks 2027 - 29 ~ 2x High teens ~100% GROWTH ALGORITHM CASH GENERATION CAPITAL ALLOCATION HIGH CONFIDENCE IN VALUE CREATION DELIVER ABSOLUTE PROFIT GROWTH IN LINE WITH TOP 1/3 rd TSR AMBITION TSR peers for Remuneration peer group ROIC = Underlying operating profit after tax / annual average invested capital
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| INVESTOR EVENT 2026 | 39 REVENUE, USG/UVG & MARGIN OTHER HOME CARE BEAUTY & PERSONAL CARE ~65% ~30% ~5% NEW REPORTING - PRIMARY USG & PERFORMANCE COMMENTARY HAIR CARE SKIN CARE WELLBEING DEODORANTS SKIN CLEANSING ORAL CARE FABRIC CLEANSING HOME & HYGIENE FABRIC ENHANCERS Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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| INVESTOR EVENT 2026 | 40 REVENUE & USG/UVG ASIA EUROPE NORTH AMERICA LATIN AMERICA, AFRICA, MIDDLE EAST & TURKEY INDIA ~14% ~25% ~16% ~22% ~23% NEW REPORTING – SECONDARY EMERGING MARKETS DEVELOPED MARKETS ~ 62 % Revenue splits are 2025. Pro forma based on 2025 reported Unilever financials for HPC + India Foods . Africa, Middle East & Turkey accounts for ~8% of revenue, and moves from the Asia Pacific Africa region to Latin America, Afr ica , Middle East & Turkey ~ 38 %
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ENTERING 2027 WITH MOMENTUM | INVESTOR EVENT 2026 | 41 GROWTH MARGIN 4 - 6% Underlying Sales Growth >2% Underlying Volume Growth Modest UOM improvement €550 - 750m inflation impact on COGS Net finance costs <3% on average net debt Underlying effective tax rate ~26% End 2027 leverage ~1.8x net debt / UEBITDA €500 - 600m restructuring Dividends from TMICC & McCormick OTHER FINANCIALS Pro forma based on 2025 reported Unilever financials for HPC + India Foods
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LEADING PERFORMANCE | INVESTOR EVENT 2026 | 42
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IN ACTION LEANDRO BARRETO CHIEF MARKETING OFFICER - UNILEVER
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CREATORS COMMERCE ALGORITHMS AI ASSISTANTS RECOMMENDATION ENGINES SEARCH SAME FUNDAMENTALS. MORE FORCES SHAPING CHOICE BRAND TRUSTED. REMEMBERED. DESIRED. EASY TO FIND. | INVESTOR EVENT 2026 | 2
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Science Aesthetics Sensorials Said by others Young spirited SASSY BRANDS | INVESTOR EVENT 2026 | 3 SUPERIORITY & INNOVATION SOCIAL-FIRST DEMAND
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| INVESTOR EVENT 2026 | 4 PEOPLE + AI WORKING TOGETHER BIGGER, BETTER, FASTER INNOVATION ALWAYS ON FORESIGHT 60k FASTER CONCEPTS hours 5 3 months 25M+ 2x FORMULATION DISCOVERY INNOVATION SIZE data points predicting appeal largercontinuous signals
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HIGHER EFFICACY & MULTI-BENEFIT SKIN CARE
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ADVANCED HAIR LONGEVITY & STYLING | INVESTOR EVENT 2026 | 6
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SUPERIOR, CLINICALLY-PROVEN CARE
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WELLBEING, CONVENIENCE, PLEASURE
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HOME AS A HAVEN | INVESTOR EVENT 2026 | 9
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Science Aesthetics Sensorials Said by others Young spirited SASSY BRANDS | INVESTOR EVENT 2026 | 10 SUPERIORITY & INNOVATION SOCIAL-FIRST DEMAND
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LEARNING AT SCALE | INVESTOR EVENT 2026 | 11 FOUR CAPABILITIES, ONE SYSTEM RECOMMENDATION AT SCALE CONTENT AT SCALE INFLUENCE AT SCALE MEDIA AT SCALE
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AI MAKES SUPERIORITY MORE VALUABLE PEOPLE + LLMs TODAYYESTERDAY SAID BY OTHERS PEOPLE AI REWARDS EVIDENCE WE HAVE IT AT SCALE 15K+ >80% Active Patents Product Superiority | INVESTOR EVENT 2026 | 12
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A CENTURY OF SCIENCE: MACHINE-READABLE 150K proprietary scientific documents connected PROPRIETARY INTELLIGENCE | INVESTOR EVENT 2026 | 13 ALWAYS - ON OPTIMISATION PLATFORM PARTNERSHIPS
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TOP MARKETS WITH A UNILEVER BRAND IN THE TOP THREE TRACKED POSITIONS IMPROVED IN SIX MONTHS #1 8/10 91% | INVESTOR EVENT 2026 | 14 SELECTED EXAMPLES: WHERE WE ACT, RECOMMENDATION IMPROVES
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CONTENT AT SCALE: FASTER, BETTER DRIVES BRAND CONSISTENCY AT SCALE 12X more content ~90% lower cost per asset +23% purchase intent | INVESTOR EVENT 2026 | 15
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500K+ 1.5X CREATORS HIGHER ROI THAN BRAND CONTENT PEOPLE RETAIN BRAND -SAFETY CONTROL AI HELPS FIND, VET, BRIEF AND MEASURE | INVESTOR EVENT 2026 | 16 INFLUENCE AT SCALE: GLOBAL CAPABILITY, LOCAL VOICES
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THE COMMUNITY BECAME THE MEDIA HAIR MASK BRAND IN THE USA #1 | INVESTOR EVENT 2026 | 17 MARKET SHARE IN 4 MONTHS +240bps
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ONE UNILEVER MEDIA PLANNING | BUYING | DATA | LEARNING BUY SMART DIGITAL BIDDING Media Efficiencies | 25+ markets 14% CONVERT RETAIL MEDIA AI 44 ALLOCATE RAPID ROI Media ROI increase MEDIA AT SCALE: BETTER DECISIONS | INVESTOR EVENT 2026 | 18 Retailers | 22 markets 10-15%
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AS AI SCALES, CULTURE MATTERS MORE | INVESTOR EVENT 2026 | 20
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150 YEARS OLD. AND GROWING. | INVESTOR EVENT 2026 | 21
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FROM INNOVATION-DRIVEN CONTENT... …TO CONTENT-DRIVEN INNOVATION CONTENT CREATORS RECOMMENDATION BUY IN ONE EXPERIENCE. CHINA SHOWS THE WAY | INVESTOR EVENT 2026 | 22
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TURNING SCALE INTO LEARNING POWER | INVESTOR EVENT 2026 | 23 BETTER DECISIONS IN EVERY MARKET LEARNING BILLIONS OF INTERACTIONS TRAVELS
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DESIRE AT SCALE IS WORKING | INVESTOR EVENT 2026 | 24 LARGER, MORE PREMIUM INNOVATION x2 #1 OR #2 BRAND POWER ~87% >80% PRODUCT SUPERIORITY
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2026 AND THIS IS
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Herrish Patel, CEO Personal Care NA, President Unilever US UNILEVER U.S.
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A TRANSFORMED U.S. BUSINESS | INVESTOR EVENT 2026 | 2 2024 2025 BEAUTY & PERSONAL CARE WELLBEING U.S. turnover by business, €bn | BPC = Beauty & Personal Care, including Dr. Squatch and WILD. 2026F = latest full-year forecast. 2023 +8.5bn 2025 turnover >4% 15 quarter UVG 22% of Unilever 2025 turnover 2026*
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Copyright © 2025 Accenture. All rights reserved. 3 PORTFOLIO OF LEADING FUTURE FIT BRANDS *FY 2025; United States turnover only | INVESTOR EVENT 2026 | 3 #1 SHARE LEADERSHIP ACROSS 9 SEGMENTS MARKET MAKERS DIGITAL DISRUPTORS €3bn+ €0.5–€1.0bn €0.2bn–€0.5bn 7.5% 3- Year CAGR #1 Non-edible brand in WalMart
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MULTI YEAR BIG BETS FOR SUPERIOR GROWTH Science led superiority and modern demand creation for continuous premiumization. | INVESTOR EVENT 2026 | 4 Expand Dove1 Supercharge Deodorants3 Win in Men’s4 Expand Vaseline2 Accelerate Styling Leadership 5 Market Making Nutrient Support 8 Lock Hydration Leadership 6 Lead Female Wellbeing 7 10 Digital Disruption 9 Science Led Superiority
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Technology Platforms SCIENCE Premium formats & material AESTHETICS Beauty Led, Skincare SENSORIALS Bridgerton, limited editions SAID BY OTHERS Playful, youth-led YOUNG SPIRITED | INVESTOR EVENT 2026 | 5 EXPAND DOVE’S SUPERPOWER
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Superior formula designed for men’s skin Upgraded designs, superior quality perception Fragrance ranges transform basic hygiene Creator ecosystems build communities & fuel men’s passions Desirable LTEs, youthful energy SCIENCE AESTHETICS SENSORIALS SAID BY OTHERS YOUNG SPIRITED WIN IN MEN’S | INVESTOR EVENT 2026 | 6
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CREATOR SCALE 12K+ pieces of content 10K+ engaged creators 95% In-store for 5 months ALWAYS ON UNMISSABLE LIMITED EDITION ~45 % purchasers new to Dove $150M limited-edition sales in ’26 20% Gen Z purchases (190 index vs core) NEW BUYERS GEN Z | INVESTOR EVENT 2026 | 7 WINNING IN CULTURE TURN FANDOM INTO A SOCIAL-TO-SALES FLYWHEEL MAKE CULTURAL FANDOM INSTANTLY SHOPPABLE
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Digital Sales Growth 1.2x the market 3x Unit Growth Vs. the market +26% Sales Growth Vs. Industry Peers TOP TIER SUPPLIER TO STRATEGIC THOUGHT PARTNER | INVESTOR EVENT 2026 | 8
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Make brands desired Join demand to sale Make markets Category creation at national scale Connected commerce and convenience Cultural relevance and discovery The full U.S. business 222 retailers. One capability set, deployed wherever the economics work. The capabilities we’re building will outlast the moment to power the next horizon of growth in the U.S. PARTNERING WITH THE FUTURE OF RETAIL
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Copyright © 2025 Accenture. All rights reserved. 10 DEFINING THE FUTURE OF CATEGORIES Affordable Premiumization Benefit Led Lifestyles & Occasion Regimen 70% Category Leaders across 9 segments 1# of Portfolio Sales in Categories we Lead | INVESTOR EVENT 2026 | 10
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on search and purchase in PC on Amazon Measure & Optimize how AI + Agents discover + recommend WINNING AGENTIC DISCOVERY AND COMMERCE Mockup for illustrative purposes only. Product placement does not represent a live campaign # Across gender neutral, men's and women's focused prompts in Deodorants & Skin Cleansing in LLMs across ChatGPT, Google AI, Alexa1# 1# WIN AI DISCOVERY & RECOMMENDATION | INVESTOR EVENT 2026 | 11 PERSONAL CARE DOVE
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Copyright © 2025 Accenture. All rights reserved. 12 | INVESTOR EVENT 2026 | 12
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DOVE PLAYBOOK OMNICHANNEL EXECUTION PREMIUM PORTFOLIO | INVESTOR EVENT 2026 | 13 U.S. CAPABILITIES AND BRANDS THAT TRAVEL
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INDIA Priya Nair CEO & Managing Director, Hindustan Unilever Ltd.
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Source: Numerator, L3M Aug’26 Category Penetration, Pentrack | HH: Number of Households 2% 2% 8% 13% 17% Hair Masks Suncare Bodywash Dishwash Liquid Laundry Liquid Face Cleansing <1%Value Seeker Affluent SOAPSLAUNDRY TEA SHAMPOO 1.3X1.2X 1.5X 1.7X XX X X AVERAGE CONSUMPTION/ H OUSEHOLD MAT APR ‘26 Indonesia Penetration Index to India 16X17X 7X 3X 2X60X+ QUARTERLY CATEGORY PENETRATION HUL has substantial market making headroomConsumption increases sharply with affluence | INVESTOR EVENT 2026 | 2 INDIA FMCG CONSUMPTION PRESENTS A SIGNIFICANT RUNWAY FOR GROWTH
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3.5x 4x 2.5x 4x 4x 5x MARKET SHARE VS. NEAREST COMPETITOR Hair Care Skin Care Skin Cleansing Laundry Dishwash Lifestyle Nutrition €6.3BN 6 85BN+ 9/10 Households use one or more of our brands 9M+ Outlets reached #1 Employer of Choice 2025 Turnover Brands > € 300 Mn Packs sold in a year | INVESTOR EVENT 2026 | 3 Market Leadership basis Nielsen MAT Sep’26; #1 Employer of choice based on Brand Perception study by InsideIIM in top Indian Bschools in 2025. Turnover milestone of > € 300 Mn based on trailing 12 months turnover for SQ’26; Conversions based on a constant exchange rate of ₹97.6/€ UNILEVER IN INDIA HAS THE UNDISPUTED LEADERSHIP & CAPABILITIES TO WIN
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VOLUME-LED REVENUE GROWTH UNIFIED INDIA ORGANISATION ELEVATED DESIRE ON BRANDS SHARPER RESOURCE ALLOCATION EXECUTION STEP-UP ACROSS CHANNELS | INVESTOR EVENT 2026 | 4 OVER THE PAST YEAR, WE HAVE STRENGTHENED OUR MARKET LEADERSHIP IN INDIA
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UNDERLYING SALES GROWTH % Underlying Sales Growth (USG): Increase in turnover for the period, excluding any change resulting from acquisitions and disposals Underlying Volume Growth (UVG): Volume growth including the impact of mix of turnover realisation of products sold| INVESTOR EVENT 2026 | 5 SQ'25 DQ'25 MQ'26 JQ'26 SQ'26 Underlying Volume Growth 2% 15% 10% 7% 5% 4% 6% 5% 7% SHARPER EXECUTION HAS TRANSLATED TO STRONGER VOLUME-LED REVENUE GROWTH
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| INVESTOR EVENT 2026 | 6 LAUNDRY POWDERS LAUNDRY BARS LAUNDRY LIQUIDS DISH WASH ACCELERATING GROWTH THROUGH COMPETITIVE SHARE GAINS
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STRONG MULTI-YEAR BETS TO WIN IN INDIA ACCELERATE HOME CARE LIQUIDS1 2 3 4 SCALE DOVE ACROSS BPC BUILD A MASSTIGE BEAUTY POWERHOUSE WIN IN HAIR CARE 5 8 MARKET MAKING FACE CLEANSERS & LIGHT MOISTURISERS 7 BUILDING HORLICKS AS A SUPERFOOD NUTRITION SUPPLEMENT 6 MARKET MAKING DEODORANTS WIN IN THE EXPLODING WELLBEING MARKET | INVESTOR EVENT 2026 | 7
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BIG CITIES TIER 4 + RURAL Online MT GT Online Large GT Small GT POWER SPENDERS PREMIUMISERS DEMOCRATISERS MT GT Indonesia HHI France HHI Parts of Africa HHI 5% of population 60% of population 35% of population Rural Value Seekers 2X Urban Affluent X SMALL TOWNS | INVESTOR EVENT 2026 | 8 HHI: Household Disposable Income 2Y Shampoo Market Delta (Online + Offline) SUCCESS IN INDIA IS WINNING IN DISTINCT GROWTH CELLS
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BIG CITIES TIER 4 + RURAL Online MT GT Online Large GT Small GT POWER SPENDERS PREMIUMISERS DEMOCRATISERS MT GT Indonesia HHI France HHI Parts of Africa HHI SMALL TOWNS Cover more outlets & efficient feet on street Partnerships & on platform investments In - store investments & category captaincy Higher frequency of service & specialised ecosystems | INVESTOR EVENT 2026 | 9 HHI: Household Disposable Income BUILDING A SEGMENTED FRONTLINE TO WIN IN INDIA
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PREMIUMISERS Indonesia HHI POWER SPENDERS France HHI DEMOCRATISERS Parts of Africa HHI | INVESTOR EVENT 2026 | 10 HHI: Household Disposable Income OUR PORTFOLIO IS UNIQUELY POSITIONED TO WIN
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Science Aesthetics Said by others YouthfulSensorials Blockbuster Proprietary Technology Packaging Design Hub in India Unilever Fragrance House in Mumbai Large Scale Creator Ecosystem Design and test for Gen Z | INVESTOR EVENT 2026 | 11 WE WILL CONTINUE TO ELEVATE OUR BRANDS
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| INVESTOR EVENT 2026 | 12 AND INNOVATE ACROSS ALL KEY PRICE POINTS
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WINNING IN AN OMNI- CHANNEL INDIA
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AVAILABILITY VISIBILITY CONVERSION DIGITISATION QUICK COMMERCE Pin-code level dark store availability Winning on search & browse Content that converts & targeted sampling AI–led optimisation engine OPEN FORMAT STORES Store specific expanded assortment Category leadership & retail theatre Shopper soulmate programs Image recognition & digitised tracking HEALTH & BEAUTY STORES Curated beauty portfolio Premium assets & assisted selling Beauty advisors Beauty tech TRADITIONAL GROCERS Assortment & coverage High impact physical visibility Access packs Shikhar & IQ “PERFECT” LOOKS DIFFERENT BY CHANNEL; EXECUTION DISCIPLINE REMAINS CONSISTENT | INVESTOR EVENT 2026 | 14
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Synthetic human images created using generative AI to support illustrative and visual storytelling and do not represent actua l persons. >50% USG IN QUICK COMMERCE AI-ENABLED AVAILABILITY ENGINE CATEGORY BUILDING PARTNERSHIPS +1400bps improvement in Customer Reported Fill Rate #2 Advantage Survey Rank TARGETED PERFORMANCE MARKETING 1.2X better ROAS | INVESTOR EVENT 2026 | 16 ROAS: Return on Advertisement Spend; Quick commerce USG for the period SQ’26; Rank #2 Advantage Survey for Blinkit & Swiggy Instamart WINNING QUICK COMMERCE END-TO-END FROM AVAILABILITY TO CONVERSION
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20,000+ stores serviced in 200+ towns In-Store Brand Building Category Development Dedicated Organisation Growth vs previous period Per Store Assortment Growth 3X 11%+ Synthetic human images created using generative AI to support illustrative and visual storytelling and do not represent actua l persons. | INVESTOR EVENT 2026 | 18 SQ 26 vs SQ 25 Secondary Gross Sales Value growths; Assortment growth for SQ’26 TRANSFORMING NEIGHBORHOOD OPEN FORMAT STORES WITH AN ELEVATED RETAIL EXPERIENCE
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175,000 specialist stores across 150+ top towns In-Store Brand Building Assisted Selling Curated Portfolio Growth vs previous period Per Store Assortment Growth 1.4X +9% Synthetic human images created using generative AI to support illustrative and visual storytelling and do not represent actua l persons. | INVESTOR EVENT 2026 | 19 SQ 26 vs SQ 25 Secondary Gross Sales Value growths; Assortment growth for SQ’26 STRENGTHENING OUR EXECUTION IN HEALTH & BEAUTY
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AI-LED OUTLET LEVEL RECOMMENDATIONS INTERNAL & EXTERNAL SIGNALS IDENTIFY OPPORTUNITIES HUL SHIKHAR CAPTURE DEMAND 1.3MN ACTIVE USERS ~33K BILLS GENERATED PER DAY DOUBLE - DIGIT ASSORTMENT GROWTH IN TRADITIONAL TRADE Synthetic human images created using generative AI to support illustrative and visual storytelling and do not represent actua l persons. | INVESTOR EVENT 2026 | 20 All figures relate to SQ’26- USING TECHNOLOGY TO FURTHER ENHANCE OUR DEEP RURAL SCALE AND ACCURACY
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Synthetic human images created using generative AI to support illustrative and visual storytelling and do not represent actual persons. | INVESTOR EVENT 2026 | 21 Massive India opportunity Multi-year portfolio bets Desire at Scale Segmented Go-To-Market IN SUMMARY
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FRONTIER MARKET OPPORTUNITY