40%

22%

38%

2014ALMA

CIS/Noram

Europe

September 2014

New governance

December 2014

New Comex team

2014 2015

TOWARDS

July 2015

Manifesto roll-out

October 2015

Streams activation

TRANSFORMATION in Motion

No. 2 worldwide

Early life Nutrition

No. 1 worldwide

Fresh Dairy ProductsNo. 2 worldwide Waters

No. 1 in Europe

Medical Nutrition21%

20%

7%

52%

USA+Canada+CIS

EUROPE

40%NORAM

CIS

22%

ALMA

28%

AsiapacLatamMiddleEastAfrica

Figures based on FY 2014 results

Source: Epidemiology studies on yogurt covenring 170,000 people

Yogurt retail volume worldwide growth (tonnes)

Source: Euromonitor

45%

6%

38%

11%

Plain still Plain sparkling Aquadrinks HOD

> +5%

≈3%

> +20%

> +10%

Carbonates Juice Packaged Water Others

World average

Over 65s as percent of total population

Sou

rce:

US

Cen

sus

Bu

rea

u; K

alo

ram

aIn

form

ati

on

0 5 10 15 20 25 30

HCPs

2008 2014

€1 bn

•

•

•

••

•

••

•

••••

•••

••

••

More efficiency More focus on business

and activation Scale and transversality

New mindset & process to animate the performance

Short & long-term value creation reconciliation

Agility and anticipation

Fuel the growth with local talents

Develop adaptative Leaders with evolving capabilities