Disclaimer: Forward Looking Statements

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2 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. 2

3 Kerry Group at a Glance 6.1bn Revenue 79% 21% 750m Trading Profit 86% 14% 15bn ENTERPRISE VALUE* 130 PRODUCTION LOCATIONS Taste & Nutrition Consumer Foods Taste & Nutrition Consumer Foods 23k EMPLOYEES Taste & Nutrition World leader in Taste & Nutrition serving the food, beverage and pharmaceutical industries Consumer Foods Industry-leading manufacturer and marketer of added-value branded and customer branded chilled food products to Irish, UK and selected international markets Note: * as at

4 Key Milestones SAVOURY & DAIRY INGREDIENTS & FLAVOURS TASTE & NUTRITION Savoury & Dairy Sweet Beverage FI&A Pharma Kerry Formed Listed on Irish Stock Exchange Acquisition of Beatreme in US Enter Latin America Enter Asia-Pacific Evolving Technology Platforms Acquisition of Quest Kerry Opens Innovation & Technical Centre in Beloit 1 Kerry Programme Record year for acquisitions Global Technology & Innovation Centres Complete Acquisition of Denny Acquisition of Mattessons Wall s Acquisition of Golden Vale Acquisition of Noon Foods Acquisition of Breeo Foods Repositioned Kerry Foods Portfolio 4

5 History Financial Performance Revenue ( m) 6,131 Trading Profit ( m) % CAGR +14% CAGR Adjusted EPS* (cent) Dividend (cent) % CAGR +17% CAGR Note: * before brand related intangible asset amortisation and non-trading items (net of related tax). From 2011, with 2004 to 2010 re-presented, computer software is treated as a cost in calculating adjusted EPS 5

6 History Strategic Platform Development FLAVOURS 62 Acquisitions FUNCTIONAL INGREDIENTS & ACTIVES Emulsifiers, Hydrocolloids, Yeast, Proteins, Enzymes, Cultures, Fermented Ingredients 2000 Savoury & Dairy (DAIRY HERITAGE) Developing Markets 11 New Countries SAVOURY & DAIRY Taste & Nutrition BEVERAGE Beverage Flavour & Bases, Syrups & Sauces, Brewing Ingredients PHARMA Cell Nutrition, Excipients CEREAL & SWEET 34 Acquisitions 6

7 Sustainable Business Model Market Leadership Taste & Nutrition #1 Consumer #1 Foods Holistic Partnerships Taste Nutrition & General Wellness Developing Markets Consumer Channel Customer Geography Sustainability 1 Kerry 7

8 Group Long Term Targets (5 Years ) Growth Adjusted EPS Growth +10% p.a. by: Volume Growth Margin Expansion Taste & Nutrition 4% to 6% p.a. Taste & Nutrition 50 bps p.a. Consumer Foods 2% to 3% p.a. Consumer Foods 20 bps p.a. Group 3% to 5% p.a.** Group 30 bps p.a. (**assumes market growth rate of 2% to 3% p.a.) (plus an additional 100 bps from the Kerryconnect project) Return ROACE 12%+ CFROI 12%+ ROAE 15%+ 8

9 Taste & Nutrition at a Glance Revenue by Technology 2016 Year On Year Volume Growth Revenue by End Use Market 40% Savoury & Dairy +3.5% Savoury & Dairy 25% Beverage 5% Ice-cream & Desserts 24% Beverage 16% Pharma/Functional Ingredients 15% Cereal & Sweet 5% Regional Ingredients +8.4% Beverage +9.3% Pharma/Functional Ingredients (3.6%) Cereal & Sweet Regional Ingredients 17% Meats 9% Dairy 8% Bakery 7% Soups, Sauces & Dressings 5% Prepared Meals & Sides 5% Savoury Snacks 5% Pharma 5% Confectionery 2% Appetisers 5% Cereal & Bars 2% Others 54% AMERICAS 30% EMEA 16% ASIA-PACIFIC 74% DEVELOPED 26% DEVELOPING #1 INGREDIENTS & FLAVOURS #1 #1 MARKET POSITIONS DEVELOPING MARKETS ( 1.2BN) 9

10 Industry Supply Chain How Kerry Adds Value FUNCTIONAL INGREDIENTS & FLAVOURS Emulsifiers Enzymes Cultures Hydrocolloids Colours Proteins Flavours Pharma SCIENCE & TECHNOLOGY Integrated Solutions e.g. RTD nutritional beverage FUNCTIONALITY/ VALUE DELIVERED RETAIL BRANDS STORE BRANDS Dairy protein High protein Dairy Flour Fruits COMMODITIES Hydrolysed protein Stabilising systems Fibre systems Flavour systems Heat stable processing Smooth texture Digestive comfort Fruit flavour profile FOODSERVICE Oils Soya Spices Flavour modulation Nutritional lipids Protein flavour High in essential fatty acids Starch Sugar Note: where Kerry plays 10

11 Diversified Product Portfolio Product Groups Product Sub-groups Market Position Competitors Savoury & Dairy Cereal & Sweet Beverage Savoury & Dairy Flavour Solutions Dairy Ingredients Culinary Sauces Culinary Ingredients Snack Seasonings Meat Coating Systems Functional Meat Systems Sweet Flavours Confections & Coated Sweets Sweet Particulates Chocolate & Compounds Cereal Shapes & Agglomerates Baked & Dough Sweet Products Wet Sweet Systems Beverage Flavour Solutions Sauces & Syrups Tea & Coffee Concentrates Beverage Ingredients & Extracts Creamers & Whips # 1 in America # 1 in Europe # 1 in Rest of World # 1 in America # 1 in Europe # 1 globally Functional Ingredients & Nutrition Enzymes Fermented Ingredients Protein Fractions Prebiotics, Probiotics, & Metabolites Nutritional Beverages Nutrition Solutions Emulsifiers & Texturants # 1 in specialty proteins globally # 2 in emulsifiers globally Pharma Pharma Excipients Cell Nutrition Proteins Media Ingredients We are in 5 of the top ten blockbuster drugs 11

12 Consumer Foods at a Glance Technology Region Customers Meat Products Meal Solutions Dairy Products GB Ireland Rest of Europe Brand Private Label 12

13 Diversified Product Portfolio Segment Key Product Market Position #1&2 sausage brands in GB 5.5bn MEAT PRODUCTS #2 (fastest growing) meat snacking brand in GB #1&2 breakfast product brands in Ireland #1 cooked meat brand in Ireland Largest branded dairy supplier in Ireland 4.5bn DAIRY PRODUCTS #1 spreads brand in Ireland #1 cheese brand in Ireland #1 kids cheese snack in GB #1 customer brand dairy spreads and RTE cheese in GB 4.3bn MEAL SOLUTIONS #1 GB customer brand supplier of chilled ready meals frozen ready meals ready to cook 13

14 Growth Platforms Consumer Channel Customer Geography We will use consumer-led insight and innovative technology to develop compelling propositions that delight shoppers in our core categories meat, dairy and meals We will ensure our products are readily available to all our consumers, across all channels, when ever and wherever they shop We will work collaboratively with our customers to ensure we create products they, and their consumers, love to buy We re committed to expanding our footprint beyond the UK and Ireland into new markets, to reach new customers 14

15 Securing Sustainable Growth Embedding Sustainability in Our Business Kerry s sustainability plan represents a journey of continuous improvement an ongoing process and strategy to secure sustainable growth It offers Kerry Group a framework through which to ensure the long-term development of the organisation by building competitiveness, while at the same time enhancing the quality of life and protecting our natural resources Integrated in 1 Kerry strategies and operational activities Directed and governed by our Kerry Sustainability Council Groupwide time-bound, quantified targets established to measure progress ENVIRONMENT SUSTAINABILITY MARKETPLACE SUSTAINABILITY WORKPLACE SUSTAINABILITY COMMUNITY SUSTAINABILITY SECURING SUSTAINABLE GROWTH 15

16 Kerry s Towards 2020 Programme A comprehensive programme for sustainable growth Four critical areas of focus which reflect global concerns and issues of material importance to our shareholders, employees and suppliers, translated into actions that help direct our day-to-day activities Directed by Senior Leadership through the Kerry Sustainability Council, with functional responsibility for implementation that embeds sustainability within the business Environment Marketplace Workplace Community Climate Change Nutrition and Health Our People Social Impact Resource Efficiency Responsible Sourcing Business Ethics Economic Development Waste Reduction Product Quality Health and Wellbeing Shared Purpose Groupwide time-bound, quantified targets established to measure progress 16

17 2017 Goals Five Year Strategic Plan Aspirations 1 Kerry Sustainability Programme Towards 2020 Climate Efficiency Waste Continue to improve our environmental stewardship Drive efficiency in resource use (energy & water) Exceed in efforts to reduce waste and increase recycling Deliver on our brand sustainability strategy plan Quality Sourcing Nutrition Through our focus on science and technology development, we will generate innovative products that contribute to improving health and wellbeing across all life-stages, creating better lifestyles for people today and future generations Through our leading innovation and product development expertise, we will continue to enhance the nutritional value of our ingredients and continue to assist our valued customers Make quality a distinguishing capability Ensure responsible sourcing practices People Ethics Continue to conduct our business in a responsible and ethical manner and be an employer of choice Through our Code of Conduct we will continue to provide a safe and healthy environment in which to work Continue to embrace diversity and promote inclusion across the Group Social Economic Be a responsible neighbour by driving and supporting outreach initiatives in our local communities Continue to partner with international programmes to alleviate world hunger in developing regions Promote Kerry Community Lead Projects in each region Achieve 100% ISO approval (Kerry manufacturing sites) Achieve an overall 13% reduction in GHG emissions intensity by 2020 compared to baseline year 2013, reflecting an overall 25% reduction compared to baseline year 2009 Reduce water intensity by 7% by 2020 compared to baseline year 2013, reflecting an overall reduction of 11% by 2020 compared to baseline year 2011 Reduce waste intensity by 12% by 2020 compared to baseline year 2013, reflecting an overall 32% reduction compared to baseline year 2011 Achieve zero waste to landfill where technically feasible in each jurisdiction Leverage Kerry s Taste & Nutrition technology platforms and applications expertise to improve nutritional values of food and beverage products in partnership with our customers Deliver on our Kerry Foods Better For You Programme Partner with our customers in sustainable sourcing of strategic ingredients. Achieve Kerry sustainable sourcing targets across our raw material categories Ensure our Supplier Code of Conduct is communicated to all direct suppliers Ensure 100% of high risk supply partners are formalised as members of SEDEX Maintain Global Food Safety Initiative (GFSI) certification of all Kerry manufacturing sites Drive ethical business practices and compliance to Kerry Code of Conduct Ensure wages are competitive and all labour standards are fair, equitable and meet or exceed local guidelines Embrace diversity across our workforce, our customer base and the communities we serve Continue to improve Health & Safety metrics across all Group sites Promote training and learning opportunities to ensure ongoing development Assist and actively engage people in development programmes in our communities to improve: health and nutrition; entrepreneurship; community development; education, arts and sport; sustainable agriculture Assist NGO Partners with selected projects in the developing world Develop Kerry Community Lead Projects in each region Assist community development programmes in association with Kerry Vanilla Project in Madagascar Achieve Group ISO approval targets for 2017 Implement Kerry Carbon Reduction Projects for 2017 in line with our 2020 targets Implement Kerry Water Reduction Projects for 2017 in line with our 2020 targets Implement Kerry Waste Reduction Projects for 2017 in line with our 2020 targets Continue to advance our Origin Green Programme in Ireland Implement Kerry Global Quality Management System (GQMS) and Kerry Foods Manufacturing Standard (KFMS). Certify all plants against an accredited Global Food Safety Initiative (GFSI) standard Maintain SEDEX membership across all Group manufacturing sites Maintain SMETA or equivalent certification across all Kerry Developing Market manufacturing plants Support and partner with International Nutrition Research programmes Achieve Kerry Foods Better For You Programmes' annual goals Progress Kerry sustainable raw material sourcing objectives Promote Health, Nutrition & General Wellness through Kerry s Nutrition Centre of Excellence and the Kerry Health & Nutrition Institute Continue to advance our Origin Green Programme in Ireland Drive day to day business decisions through our defined Kerry Values Achieve annual target for all Kerry employees to have completed the Kerry Code of Conduct Training through the Learning Academy Ensure compliance with Global Health & Safety Management Systems Achieve a 5% reduction in recognised Global Health & Safety metrics across all sites Promote diversity by building a workplace that is free of prejudice and actively fosters the appreciation of diversity throughout the organisation Continue to advance our Origin Green Programme in Ireland Formalise community engagement programmes in all our communities through Kerry Community Relations Committees and Community Relations Ambassadors Share Community support best practices through Kerry Community Relations site Formalise support for employee philanthropy programmes Continue to advance our Origin Green Programme in Ireland 17

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19 Kerry Group Worldwide Manufacturing Footprint San Juan del Rio Global and Regional Technology & Innovation Centres Manufacturing Plants Sales Offices Beloit Naas Campinas Singapore Shanghai Australia Belarus Brazil Canada China Costa Rica Denmark France Germany Guatemala India Indonesia Ireland Italy Malaysia Mexico Netherlands New Zealand Panama Philippines Poland South Africa South Korea Spain Thailand Turkey UK USA 800+ R&D Scientists With expertise across all key disciplines in food science and engineering Serving our customers needs everyday Note: as at

20 Shareholder Analysis Institutions 59% Kerry Co-operative 14% Institutional Analysis North America 20% UK 16% Europe (excluding UK and Ireland) 15% Retail 27% Rest of World 5% Ireland 3% Shares in issue at 30 June 2017: 176,114,006 20

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