Disclaimer: Forward Looking Statements

This presentation/announcement may contain forward looking statements with projections regarding, among other things, the

Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends , cash flow,

net debt or other financial measures, the impact of foreign exchange fluctuations, the impact of raw material fluctuations and other

competitive pressures. These and other forward looking statements reflect management expectations based on currently available

data.

However, actual results will be influenced by, among other things, macro-economic conditions, food industry supply and demand

issues, foreign exchange fluctuations, raw material and commodity fluctuations, the successful acquisition and integration of new

businesses, the successful execution of business transformation programmes and other, as of today, unknown factors. Therefore

actual results may differ materially from these projections.

These forward looking statements speak only as of the date they were made and the Group undertakes no obligation to publicly

update any forward looking statement, whether as a result of new information, future events or otherwise.

© Kerry 2020 | 2 |

Kerry Group at a glance

© Kerry 2020 | 3 |

Leading Global Business

90%

10%

€903m

Trading Profit

Taste and Nutrition

18%

82%

€7.2bn

Revenue

Consumer Foods

© Kerry 2020 | 4 | Note: Financial information as per FY2019

Production Locations

148Employees

~26kSales in 150+ countries

150+

Global Headquarters

Global and Regional Technology &

Innov ation Centres

Manuf acturing Plants

Sales Of f ices

Taste and Nutrition

Americas

€3.2bn Revenue

Taste and Nutrition

Europe

€1.5bn Revenue

Taste and Nutrition

APMEA

€1.3bn Revenue

Meeting local consumer needs

The Industry’s Leading Taste & Nutrition Company

Dairy and

Savoury

Formed in 1972 1988-2012

Ingredients

and Flavours

Taste and

Nutrition

2012-Today

© Kerry 2020 | 5 |

How we have continuously reinvented ourselves over the past 50 years

Consistent Financial Delivery (1986-2019)

© Kerry 2020 | 6 |

0.48c

78.6cDividend

7.6c

393.7cAdjusted EPS

€14m

€903mTrading Profit

€337m

€7.2bnRevenue

+10%

CAGR

+13%

CAGR

+13%

CAGR

+17%

CAGR

Leading Business Model

© Kerry 2020 | 7 |

Authentic Taste

&

Nutrition, Wellness &Functionality

• Meat

• Dairy

• Meals

• Snacks

• Beverage

• Bakery & Confectionery

• Cereal & Sweet

• Pharma

Core Technologies

End-to-end Sustainability

People and Culture

Taste and Nutrition Solutions

Channels

Global

Regional

Local

Integrated Value Creation

End Use Markets

CPGs

Retailers

Foodservice

Customers

Customer-led and consumer-centric

Strategic Priorities for Growth

Authentic Taste

Nutrition, Wellness & Functionality

Developing Markets

Foodservice

Taste and Nutrition Consumer Foods

Core

Adjacencies

New Occasions

New Channels

New Customers

© Kerry 2020 | 8 |

Group Medium Term Targets

© Kerry 2020 | 9 | Note 1: Volume growth targets assume 2% above market growth rate | Note 2: Adjusted EPS growth targets in constant currency

On average across the plan

Growth

Return

T&N 4-6% Foods 2-3%

Volume growth

3-5%Margin

Expansion

+30bpsInvestments

for Growth

Adjusted EPS Growth

+10%

12%+ >80% Outperformance10%+

ROACE Cash Conversion

Dividend Growth

Total Shareholder Return

Taste and Nutrition

© Kerry 2020 | 10 |

Channel

Retail

70%

Foodservice

30%

Taste and Nutrition

© Kerry 2020 | 11 | Note: Financial information and business breakdown as per FY2019

Meat

Snacks

Dairy

Bakery & Confectionery

Meals

Cereal, Sweet & Other

Food EUMs

Beverage EUMs

Pharma EUMs

Taste and Nutrition

End Use Markets

At a glance

Americas

€3.2bnEurope

€1.5bnAPMEA

€1.3bn

72%Developed

28%Developing

Geography

Today Kerry is Positioned to Play Right Across the Global Marketplace

© Kerry 2020 | 12 | Source: Kerry Internal Estimates, Euromonitor, RTS Food Trending, MC Allegra, Technomic, GlobalData

Key Insights

→ Profound consumer led food

revolution accelerating

→ Highly fragmented

marketplace

→ Projected short to medium

term market growth of 1-3%

→ Kerry’s Co-Creation

Business Model delivering

right across all market sectors

and geographies

Top 10

Globals

Smaller

Globals

Regional

Local

Top 10

Globals

Smaller

Globals

Regional

Local

Top 10

Globals

Smaller

Globals

Regional

Local

Food

€2.2tnBeverage

€2.5tnFoodservice

€3.3tn

Diversified Product Portfolio

© Kerry 2020 | 13 |

Product Groups Product Sub-groups Market Position Competitors

Savoury & Dairy

Cereal & Sweet

Beverage

Functional Ingredients & Nutrition

Pharma

→ Savoury & Dairy Flavour Solutions→ Dairy Ingredients

→ Culinary Sauces→ Culinary Ingredients

→ Snack Seasonings→ Meat Coating Systems

→ Functional Meat Systems

→ Enzymes→ Fermented Ingredients

→ Protein Fractions→ Prebiotics, Probiotics & Metabolites

→ Nutritional Beverages→ Nutrition Solutions

→ Emulsif iers & Texturants

→ Sw eet Flavours→ Confections & Coated Sw eets

→ Sw eet Particulates→ Chocolate & Compounds

→ Cereal Shapes & Agglomerates → Baked & Dough Sw eet Products

→ Wet Sw eet Systems

→ Beverage Flavour Solutions→ Sauces & Syrups

→ Tea & Coffee Concentrates→ Beverage Ingredients & Extracts

→ Creamers & Whips

→ Pharma Excipients→ Cell Nutrition Proteins

→ Media Ingredients

→ # 1 in America→ # 1 in Europe→ # 1 in Rest of World

→ # 1 in specialty proteins globally

→ # 2 in emulsif iers globally

→ # 1 in America→ # 1 in Europe

→ # 1 globally

→ We are in 5 of the top ten blockbuster drugs

The consumer is at the centre of everything we do

© Kerry 2020 | 14 |

Kerry is a consumer-led organisation.

Our business model, structures and

strategies continue to evolve, centred

around a deep understanding of

diverse local consumer preferences

across the globe

Industry is Moving Towards Integrated Solutions

© Kerry 2020 | 15 |

Taste and Nutrition – Strategic Priorities for Growth

Authentic Taste

Nutrition, Wellness & Functionality

Developing Markets

Foodservice

Target: Organic Volume Growth of 4-6% p.a.

© Kerry 2020 | 16 |

TasteTechnologies

Nutrition &FunctionalityTechnologies

Replace

Taste and Nutrition Strategy

in Action – Clean Label

Replace ingredient(s) with

clean label alternatives –Natural flavours, colours,

preservatives and sweeteners

ReinventCustomers looking to scale their business,

while maintaining their identitye.g. Certified Organic | Non-GMO

RepositionReposition products in

the marketplace• Product positioning and format

• Packaging, culinary processing

• Small batch, home-cooked, authentic

ReduceReduce specific ingredients

and simplify product ingredient statements

• Natural ingredients that are

multi-functional

• Sugar and sodium reduction

RemoveEliminate specific

ingredient(s)• ‘No No’ lists

• BPA free

• BHT free

5 ‘R’Clean Label

Leader in Developing Markets

© Kerry 2020 | 18 |

€1.6bn

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

+10% CAGR

28%T&N

Kerry’s locally-led

approach – successfully

deployed over 20+ years

Local Understanding

Investing

Relationships

1Kerry

Building

Teams

Deep Local Deployment

Target+10% Volume growth p.a.

Leading End-to-end Partner for Foodservice

© Kerry 2020 | 19 |

→ Proprietary consumer research

→ Collaborative ideation

→ Global chefmanship and applications

expertise

→ New menu categories/ channel

offerings

→ Cross-menu application expertise

→ Turnkey solutions

→ Home delivery

→ Clean Label/Better for you

→ Tailored for you

→ Allergen free

→ Plant-based

→ Insight driven strategy

→ On-trend formats and flavours

→ Speed to market

→ Supply chain and delivery

system expertise

Menu Innovation & New Platforms Themed & Seasonal Offerings Nutrition-led Innovation

€1.8bn

30% Taste

and Nutrition

Target7%+ Volume growth p.a.

Consumer Foods

© Kerry 2020 | 20 |

Diversified Product Portfolio

© Kerry 2020 | 21 |

Category Key Products Market Position

Everyday Fresh(Meat and Dairy)

€9.0bn

Convenience Meal Solutions

€4.0bn

Food To Go

€16.3bn

No.1position

across our categories

Emerging

Leader in

Food to go

→ #1 Sausage Brand in GB

→ #1 Cooked Meats Brand in Ireland

→ #1 Dairy Spreads Brand in Ireland

→ #1 Cheese Brand in Ireland

→ #1 Customer Brand Dairy Spreads in GB

→ #1 GB Customer Brand Convenience

Meal Solutions

→ #1 Snacking brand in GB

(combined Kids Cheese and Meat category)

Strategic Growth Priorities and Targets

© Kerry 2020 | 22 |

Grow and outperform in our

No.1 positions

MeatMealsDairy

Core

Snacking Out of Home

Food to go Solutions

Expand our footprint into

AdjacenciesNew occasions

New channels

New customers

Deep Consumer

Insight

Leading Edge

Innovation

Market Responsive

Teams

Engaged Customer

Networks

Current Winning Positions Future Winning Positions

Appendix

© Kerry 2020 | 23 |

Our Beyond the Horizon Sustainability Strategy

© Kerry 2020 | 24 |

Innovation Enabling Sustainable Nutrition for over two billion people

Investing for the Future

Leading investment in RD&A to shape a sustainable food future

Sustainable by Design

Our innovation programme will be deliberately focused on delivering sustainable nutrition

Sustainable Solutions

Co-creating solutions with customers that address the industry’s biggest challenges Better for People

Enabling more sustainable nutrition for over 2 billion consumers

Better for Society

Partnering for a food system that works for everyone

Better for the Planet

Protecting the planet and vital ecosystems on which we depend

+ =

Innovation Vision Impact We Will DeliverCommitments

Responsible Sourcing

100% of priority raw materials are sustainably sourced

Climate Action

Net Zero Emissions before 2050 with absolute reduction of 1/3 by 2030

Circular Economy

Zero wate to landfill. 50% reduction in food waste. 100% plastic packaging reusable, recyclable or compostable

Better for our Customers

Sustainably growing together

Accelerating Consumer Change – Impacting End-to-end Supply Chain

© Kerry 2020 | 25 | Source: Mintel, Euromonitor, Global Data, Innova and Kerry Insight 2019

Consumer Revolution Driving Customer Transformation Reshaping Industry

Food for Life & Wellbeing

New Taste Experiences

Trust is Core

‘Made-for-me’

Managing Accelerating Fragmentation

Elevated Nutrition that Tastes Great

Being Trusted

Digital Transformation

Organisational Agility Critical

Integrated Innovation Processes

Supply Chains Being Redefined

Manufacturing Needs Evolving

Sustainability Driving Change Across the End-to-End Supply Chain

Traditional Models Being Redefined

Share Register

© Kerry 2020 | 26 | Shares in issue at 30 June 2020: 176,681,437

North America 20%

UK 13%

Continental Europe | Rest of World 23%

Ireland 2%

Institutional AnalysisInstitutions 58%

Retail 30%

Kerry Co-operative 12%