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 |

As a world leader in

taste and nutrition,our

Purpose is to Inspire

Food and NourishLife.

Our Values:

Courage, Ownership, Inclusiveness,

Open-mindedness & Enterprising SpiritNourishing Life

is about Sustainability

Inspiring Food

is about Innovation

Our Purpose

Inspiring Food, Nourishing Life

© Kerry 2020 | 3 |

© Kerry 2020 | 4 |

Kerry Group is the global leader

in taste and nutrition serving the

food, beverage and pharmaceutical

industries, and is a leader in its

consumer foods categories in the

chilled cabinet.150+Sales in 150+

countries

148Manufacturing

Locations Globally

€7.2bnRevenue

in 2019

18,000+Products

26,000+Employees

1,000+R&D Scientists

Who WeAre

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

Leading Global Business

90%

10%

€903m

Trading Profit

Taste and Nutrition

18%

82%

€7.2bn

Revenue

Consumer Foods

© Kerry 2020 | 6 | 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

Co-creating with customers to

sustainably shape the future, our

consumer-led approach means we

predict growth opportunities earlier

to innovate faster

Powered by an extensive technology

portfolio, enabled by world class science

and driven by the passion and diversity

of our people, we deliver inspiring ways

to nourish life at pace and at scale

© Kerry 2020

Our Mission

Leading Business Model

© Kerry 2020 | 8 |

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

© Kerry 2020 | 9 |

Taste and Nutrition

Channel

Retail

70%

Foodservice

30%

Taste and Nutrition

© Kerry 2020 | 10 | 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

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

© Kerry 2020 | 12 |

Consumer Foods

Diversified Product Portfolio

© Kerry 2020 | 13 |

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)

© Kerry 2020 | 14 |

Sustainability

Note: 1 Carbon versus 2009 base year | 2 waste versus 2013 base year | 3 Photograph: WFP/Boone Rodriguez | The use by Kerry Group of any MCSI ESG Research LLC or its affiliates (“MCSI”) data, and the use of MCSI logos, trademarks, service marks or index names herein, do not constitute a

sponsorship, endorsement, recommendation, or promotion of [entity] by MCSI. MCSI services and data are the property of MCSI or its information providers, and are provided ‘as-is’ and without warranty. MCSI names and logos are trademarks or service marks of MCSI. | FTSE Russell (the trading name of

FTSE International Limited and Frank Russell Company) confirms that Kerry Group ‘A’ has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the

FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

External Recognition of Progress

© Kerry 2020 | 15 |

EnvironmentPortfolio Impact

PartnershipsResponsible Sourcing

-23% carbon intensity

-31% waste intensityExtensive Sugar

ReductionProgrammes

Delivering

Positive Nutrition

Founding member

of Origin Green

Vanilla Project,

Madagascar

Acess to Nutrition

Project Leche,

Honduras

RAIN Programme,

Zambia

Our Track Record in Sustainability

Our Beyond the Horizon Sustainability Strategy

© Kerry 2020 | 16 |

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

Strategy andFinancials

© Kerry 2020 | 17 |

Group Medium Term Targets

© Kerry 2020 | 18 | 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

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 | 19 |

Consistent Financial Delivery (1986-2019)

© Kerry 2020 | 20 |

0.48c

78.6cDividend

7.6c

393.7cAdjusted EPS

€14m

€903mTrading Profit

€337m

€7.2bnRevenue

+10%

CAGR

+13%

CAGR

+13%

CAGR

+17%

CAGR