Introducing KerryThe World’s Leading Taste & Nutrition Company

February 2020

Our Purpose: Inspire Food • Nourish Life

As a world leader in

taste and nutrition,

our Purpose is

to Inspire Food and

Nourish Life.

Inspiring Food is

about Innovation

Nourishing Life is

about Sustainability

Our Values:Courage, Ownership, Inclusiveness,

Open-mindedness & Enterprising Spirit

Who We Are

Kerry Group is a global leader

in taste and nutrition serving

the food, beverage and

pharmaceutical industries,

and a leading supplier of

added-value brands and

customer-branded foods to

the Irish, UK and select

international markets

© Kerry 2020 | 3

Globally Connected Winning Locally

26,000+Employees

1,000+R&D Scientists

151ManufacturingLocations Globally

150+Sales in 150+ countries

18,000+Products

€7.2bnRevenue in 2019

What We DoLeading to better food, in a better way, for a better future

Our Technologies Our Approach Our Expertise Our Solutions Our People

Authentic Taste,Nutrition,

Wellness & Functionality

Collaboration with our customers and working

with their suppliers

Culinary & InsightsDevelopment & ApplicationsProduct Process Technologies

Global Technology CentresNutrition Discovery CentresState-of-the-art pilot plants

Unparalleled integrated solutions capability

across a wide variety of end use markets

(Beverage, Meat, Bakery & Confectionery, Cereal & Sweet, Meals, Dairy, Snacks, Pharma)

Largest Taste & Nutrition Foundational

Technology Portfolio

Holistic Partnerships

End to End Expertise

Branded & Bespoke Product Solutions

26,000+ People Passionate About Food

117 Nationalities includingNutritionists, Flavourists,

Chefs, Food Scientists, Mixologists, Regulatory and

Marketing Specialists

How We Work with Customers:Our Unique Business Model

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A. Foundational Technologies – Authentic Taste, Nutrition, Wellness & Functionality

B. Unique integrated technology value creation approach –deployed through specialist end use market teams

C. Unparalleled channel and customer access

3 Kerry’s business model comprises 3 core inputs

Where We OperateGlobally Connected, Winning Locally

© Kerry 2020 | 6

Tralee, Co. Kerry, Ireland Naas, Kildare, Ireland

Beloit, Wisconsin, U.S.

Countries withManufacturingfacilities

© Kerry 2018 | 7

1972 Started as a Dairy Cooperative

3,000+ Dairy suppliers

100% SDAS certified under Origin Green programme

1.19bn Litres of milk supplied

From Our From Food For Food Heritage …

Making better more authentic and delicious taste experiences that also

meet nutritional needs

A leading supplier of added-value branded and customer-branded

chilled food products

Taste & Nutrition Kerry Foods

… to the World’s Leading Taste and Nutrition Company

8 Global and Regional Technology & Innovation Centres

18k+ Products

151 Manufacturing Facilities

REVENUE IN 2019€6.0bn

Taste & Nutrition

© Kerry 2019 | 10

TasteTechnologies

Nutrition &FunctionalityTechnologies

Replace

Taste & 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 identity

e.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 Health & Nutrition Institute

80+Research

Papers

200+Nutrition Articles

15White Papers

8Specialised Webinars

20Research Partners

1,000+R&D

Scientists

No.1 Sausage brand in GB and Ireland

No. 1 Kids cheese snack brand in GB

No. 1 Dairy spreads brand in Ireland

No. 1 Meat snack brand in GB

Kerry Foods

REVENUE IN 2019€1.3bn

2019 Financial Performance

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Revenue

€7.2bn

Trading Profit

€903m

Group Revenue by Division

83% Taste & Nutrition

17% Consumer Foods

Group Trading Profit by Division

90% Taste & Nutrition

10% Consumer Foods

Volume Growth(Like-for-like) of

+2.8%

Free Cash Flowof

€515m

Group TradingMargin of

12.5%

Constant Currency Adjusted EPS

+8.3%

Total Dividend per Share up 12.0% to

78.6 cent

Return on Average Capital Employed of

11.8%

(74% cash conversion)

Strategic Priorities for Growth

Authentic Taste

Consumer Foods

Nutrition, Wellness &

Functionality

Developing Markets

Core

Adjacencies

NEW OCCASIONS

NEW CHANNELS

NEW CUSTOMERSFoodservice

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Taste & Nutrition

15

Nourishing a better world

kerrygroup.com/sustainability

Sustainability Pillars

Sustainable Growth

Environmental Sustainability

Marketplace Sustainability

WorkplaceSustainability

CommunitySustainability

16© Kerry Group 2019 |

Towards 2020 – Sustainable Development

2019 Highlights

Climate Change Resource EfficiencyWaste Reduction

Nutrition & HealthResponsible SourcingProduct Quality

Our PeopleBusiness Ethics Health & Wellbeing

Social ImpactEconomic DevelopmentShared Purpose

REDUCTION IN CARBON

INTENSITY

Versus 2013 base year

REDUCTION IN WASTE

INTENSITY

Versus 2013 base year

RESEARCH, DEVELOPMENT

& APPLICATION

Industry leading investment

SUSTAINABLE FUNDING

ARRANGED

ESG linked revolving credit facility

HEALTH & SAFETY

Reduction in recordable

incidents

EMPLOYEE PARTICPATION IN

THE KERRY WAY WORKSHOPS

Courses completed

PROJECT LECHE

Honduran teachers trained

on nutrition

RAIN PROGRAMME

Farmers trained on

conservation

23% €291.5m 17% 1,000

31% €1.1bn 90% 190

Environmental Sustainability

Marketplace Sustainability

WorkplaceSustainability

CommunitySustainability

We aim to protect the natural environment and enhance the lives of the people who create and consume our products

Project ‘RAIN’ Addressing food security, Niger, West Africa

Project Leche Improving nutrition, Honduras

Special Olympics Building more inclusive communities, UK & Ireland

Key Community Projects

The World’s Leading Taste & Nutrition Company @WeAreKerry