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1 28 October 2026 Fernando Fernandez & Srinivas Phatak Q3 2026 Trading Statement
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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. Safe harbour statement
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3 3.8% 4.7% HPC 2.7% 3.8% Consistent performance with superior volume growth POWER BRANDS >2% Medium Term Ambition 3.3% 4.9% 2024 to 2026 YTD 2026 YTD 3 2024-2026 YTD represents average UVG across 11 quarters. Comparative figures have been represented to reflect the demerger of the Ice Cream Business Group. “Unilever HPC” represents Unilever HPC and Retained Foods perimeter following the announced combination of Unilever Foods and McCormick on 31 March 2026.
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4 Strong growth and volume 5.2% USG with 2.9% UVG Power Brands leading 5.8% USG with 3.3% UVG Broad-based strength across HPC 7.0% USG with 4.1% UVG Emerging markets momentum Asia Pacific Africa 10.1% USG, Latin America 8.5% USG Pricing step up in response to higher commodity costs 2.3% UPG 1 2 3 4 5 Performance powered by Desire at Scale 4 HPC represents Unilever HPC and Retained Foods perimeter following the announced combination of Unilever Foods and McCormick on 31 March 2026.
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5 Unilever 5.2% Underlying sales growth 2.9% Underlying volume growth 2.3% Underlying price growth Unilever Volume and PricePower Brands 5.8% Underlying sales growth 3.3% Underlying volume growth 2.4% Underlying price growth Comparative figures have been represented to reflect the demerger of the Ice Cream Business Group. Strong volume delivery, with pricing step up 1.7% 2.1% 2.9% 5.5% 2.9% 4.0% 4.2% 3.8% 5.8% 5.2% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 UVG UPGUSG 5 2YR UVG CAGR 2.5% 2.0% 3.3% 2.3%
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6 Good momentum, led by Hair Care performance Beauty & Wellbeing €3.5bn turnover Wellbeing declined high- single digit in Q3, including phasing impacts Hair Care momentum continued, with double digit growth from Dove, Sunsilk, Clear and K18 Skin Care grew mid-single digit, led by Vaseline. Strong performances from Hourglass, Paula’s Choice and Dermalogica 5.7% Q3 USG 3.6% 2.1% 2.3% 2.8% 1.9% 6.9% 3.6% 5.1% 4.7% 3.6% 8.1% 5.7% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3 UVGQ3 UPG 6 UVG UPGUSG
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7 Personal Care €3.6bn turnover Pricing step up in response to higher commodity costs and a normalised promotional environment Deodorants grew mid-single digit, driven by Americas strength and product superiority High-single digit growth in Skin Cleansing was broad- based across geographies Broad-based growth, strong brand equity following FIFA World Cup 2026 6.3% Q3 USG 3.8% 2.4% 1.0% 0.6% 1.1% 6.8% 3.8% 4.1% 5.1% 3.7% 5.9% 6.3% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3 UVGQ3 UPG 7 UVG UPGUSG
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8 Home Care €3.1bn turnover Pricing actions to offset commodity inflation landing successfully in market Competitive performance driving double-digit volume growth in our largest markets India and Brazil Multi-year innovation platforms Omo Wonder Wash and Cif Infinite Clean continue to scale across markets Strong volume growth continues with accelerated pricing 9.1% Q3 USG 5.4% 3.6% 2.5% 4.0% 6.2% 8.6% 5.4% 3.1% 4.7% 6.1% 9.1% 9.1% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3 UVGQ3 UPG 8 UVG UPGUSG
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9 Foods €3.1bn turnover Targeted actions on US condiments with new innovations and price actions Good Emerging Markets performance in Latin America and Asia Pacific Africa Unilever Food Solutions grew low-single digit, with volume growth in North America and China Emerging markets and UFS strength offset by developed markets retail 0.1% Q3 USG (1.1)% 1.3% 1.3% 1.3% 2.4% (0.1)% (1.1)% 3.4% 2.3% 2.2% 0.2% 0.1% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3 UVGQ3 UPG 9 UVG UPGUSG
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10 Emerging markets drove strong, volume-led growth 10.1% 5.8% Asia Pacific Africa 45% of Group turnover 4.1% 8.5% Q3 USG 6.5% UVG 1.9% UPG Latin America 15% of Group turnover (0.7)% Q3 USG (2.5)% UVG 1.8% UPG North America 22% of Group turnover (1.7)% (0.4)% (1.3)% Europe 18% of Group turnover 10 Q3 USG UVG UPG Q3 USG UVG UPG
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11 Strong operating performance driving turnover +6.7% Q3 2025 turnover UPG Acquisitions Currency Q3 2026 turnover UVG Disposals €12.4bn €13.3bn USG 5.2% 2.9% 2.3% 1.4% (0.6)% A&D 0.8% 0.6% Turnover FY 2026 currency impact (2)%1 (1) Based on spot rates in October plus extreme price growth above 26% in hyperinflationary markets11
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12 Full year 2026 outlook upgraded 12 FY USG of 4% to 6%, within multi- year guidance range FY UVG of at least 3% H2 USG of around 5% GROWTH FY modest improvement in underlying operating margin vs 20.0% in 2025 MARGIN
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13 Consistent performance, average 2.7% UVG over last 11 quarters Strong Q3 - continued volume delivery and pricing acceleration Foods separation on track Unlocking our potential as a focused HPC company 1 2 3 4 Perform and transform 13
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14 Q&A
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15 Other financial guidance for 2026 • Capex above 3% of turnover • Restructuring at around 1.0% of turnover • Leverage of around 2x net debt / underlying EBITDA • Net finance costs less than 3% on average net debt • Underlying effective tax rate to remain around 26% • Currency impact1 on full year expected to be around (2)% on turnover and around (30)bps on underlying operating margin 15 (1) Based on spot rates in October plus extreme price growth above 26% in hyperinflationary markets