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

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4 Kerry Group at a Glance Unique Positioning to Deliver on Today and Tomorrow s Consumer Needs 130 PRODUCTION LOCATIONS #1 PLAYER TASTE & NUTRITION INNOVATION PARTNER 17bn ENTERPRISE VALUE 6.4bn REVENUE 781m TRADING PROFIT 24,000 EMPLOYEES CATEGORY LEADER CONSUMER FOODS 79% TASTE & NUTRITION 21% CONSUMER FOODS LEVERAGING CONSUMER TRENDS 88% TASTE & NUTRITION 12% CONSUMER FOODS Financial Results as of FY2017 Enterprise Value as of 16 February

5 Kerry Leading to Better over the past 45 years Our Food & Beverage Heritage Kerry Formed Launch of Kerry Group plc Acquisition of Beatreme in US Enter Latin America Enter Asia-Pacific Evolving Technology Platforms Founded in Rich Dairy Heritage From Food, For Food Investment in new Technology Platforms Pioneering Sustainable Approach to Serve Today s Consumers 1 Kerry Programme Global Technology & Innovation Centre Architecture Complete DAIRY & SAVOURY INGREDIENTS & FLAVOURS TASTE & NUTRITION 5

6 History Financial Performance Revenue ( m) 6,408 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 6

7 Performance Delivering Growth & Return Volume (LFL) Trading Margin Adjusted EPS* (CCY) Volume (LFL) +4.3% Trading Margin 12.2% Adjusted EPS (CCY) +9.4% ROACE* Free Cash Flow Dividends Note: * before brand related intangible asset amortisation and non-trading items (net of related tax) 1 expressed as a percentage of adjusted earnings after tax 7

8 How Kerry is Leading to Better Through Our Customers Lens, Kerry Offers Way More Drivers of Value-add Foundational Technologies Development & Applications Culinary & Insights Product Process Technologies Integrated Solutions Single Ingredient Multiple Ingredients Offering Value-add 8

9 Kerry Business Model Foundational Technologies Integrated Technology Value Creation Channels & Customers Authentic Taste Nutrition, Wellness & Functionality Culinary & Insights Development & Applications Product Process Technologies Taste & Nutrition Solutions Retail & Foodservice Kerry Foresight & Insight Consumer, Customer, Sensory & Analytical, Market and Regulation 9

10 Kerry Business Model Foundational Technologies Integrated Technology Value Creation Channels & Customers Global & Regional CPG Authentic Taste Dairy, Savoury, Smoke & Grill, Citrus, Tea & Coffee, Beverage & Sweet Culinary & Insights Development & Applications Product Process Technologies Emerging/ Natural Brands Global & Regional Retailers (Store Brands) Kerry Brands Retail Farm ingredients and third party commodities Nutrition, Wellness & Functionality Proteins, Fibre, Enzymes, Probiotics, Fermented Ingredients, Texturants Meat Dairy Meals Snacks Beverages Bakery & Confectionery Cereal & Sweet Pharma Taste & Nutrition Solutions Kerry Foresight & Insight Consumer, Customer, Sensory & Analytical, Market and Regulation Global & Regional Chains Independent Operators Convenience Brands Emerging Channels Pharma Consumer Food Service 10

11 Strategic Priorities for Growth Taste & Nutrition Consumer Foods Core Authentic Taste Nutrition, Wellness & Functionality Developing Markets Foodservice New occasions New channels New customers Adjacencies 11

12 Group Long Term Targets ( ) On average across the 5 years Volume Growth Growth Margin Expansion Taste & Nutrition 4% to 6% p.a. Taste & Nutrition 40 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 2% above market growth rate Adjusted EPS* +10% p.a. Return ROACE 12%+ Cash conversion >80% Relative TSR outperforming peers *Assumes constant currency I TSR = Total Shareholder Return I Cash conversion is expressed as a percentage of adjusted earnings after tax Adjusted EPS and ROACE are calculated before brand related intangible asset amortisation and non-trading items (net of related tax) 12

13 Disciplined M&A Right Strategy Right Impact Authentic Taste Foundational Technologies Integrated Technology Value Creation Channel & Customers Growth Nutrition, Wellness & Functionality Expand Routes to Market Authentic Taste Nutrition, Wellness & Functionality Culinary & Insights Development & Applications Product Process Technologies Taste & Nutrition Solutions Kerry Foresight & Insight Consumer, Customer, Sensory & Analytical, Market and Regulation Retail & Foodservice Consumer Margin Developing Markets Return 13

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15 Taste & Nutrition at a Glance Revenue % TOTAL FOOD 69% 16% Meat TOTAL FOOD SERVICE 25% 15% Food Service Chain End Use Market 13% Bakery & Confectionery 12% Cereal, Sweet & Other 11% Meals 10% Dairy 7% Snacks Channel 8% Food Service Independent Operators 2% Food Service Convenience 75% Retail 26% Beverages 5% Pharma Regional View Developed & 53% 30% 17% Developing 73% AMERICAS EMEA ASIA PACIFIC View DEVELOPED 27% DEVELOPING 15

16 Today Kerry is Positioned to Play Right Across the Global Marketplace Key Insights Profound consumer led food revolution at unprecedented pace Highly fragmented marketplace Projected short to medium term market growth of 1-3% Local FOOD 2.2TN Top 10 Globals Smaller Globals Local BEVERAGES 2.5TN Top 10 Globals Smaller Globals Local FOODSERVICE 3.3TN Top 10 Globals Smaller Globals Kerry s Holistic Business Model delivering right across all market sectors and geographies Regional Regional Regional Source: Kerry Internal Estimates, Euromonitor, RTS Food Trending, MC Allegra, Technomic, Globaldata 16

17 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 17

18 Kerry Taste & Nutrition Our Unparalleled Go-To-Market Footprint Naas 2 Global Technology & Innovation Centres 6 Regional Technology & Application Centres San Juan del Rio Beloit Shanghai Singapore Bangalore 64 RD&A Locations & Commercial Hubs Campinas Durban No. 1 investment in R&D 18

19 Kerry s Unique Taste & Nutrition Positioning Pure & Simple Clean Label; Trusted; No Artificial Ingredients, Free From Taste Authentic & Familiar Cooking Style; Authentic; Taste of Time; Ethnic Free From Nutrition Food Intolerance; Low/No/Reduced Lactose; Gluten Free; Clean/Cleaner Label Better For You Reduced Sugar; Salt and Fat; Balanced Choice Pleasure & Indulgence New Taste; Fine Dining; Patisserie and Coffeehouse Experiences Fresh & Invigorating Taste without Compromise; Fresh; Healthy Halo; Natural Mood Good For You Protein Fortification; Carbohydrate Quality; Healthy Lipids; Micronutrient Fortification; Naturally Good For You Tailored For You Infant and Toddler; Performance and Healthcare Nutrition; Weight Management 19

20 Strategic Priorities for Growth Taste & Nutrition Authentic Taste Nutrition, Wellness & Functionality Developing Markets Foodservice 20

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22 Consumer Foods at a Glance Category Brands & Customers Channels EVERYDAY FRESH FOOD-TO-GO CONVENIENCE/ HIGH STREET OUT OF HOME ONLINE CONVENIENCE MEAL SOLUTIONS SUPERMARKETS 22

23 Diversified Product Portfolio Category Key Products Market Positions EVERYDAY FRESH (Meat and Dairy) 10.5bn CONVENIENCE MEAL SOLUTIONS 4.3bn No.1 position across our categories #1 Sausage Brand GB and Ireland #1 Cooked Meats Brand 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 FOOD-TO-GO 12bn Emerging Leader in Food-to-go #1 Kids Cheese Snack Brand in GB #1 Meats Snack Brand in GB 23

24 Strategic Growth Priorities & Targets On average volume growth across the 5 years Current Winning Positions Future Winning Positions New occasions Dairy Meals No.1 positions Meat New channels Snacking Out of Home Food-to-go Solutions Grow and outperform in our Core 1-2% New customers Expand our footprint into Adjacencies +10% Deep Consumer Insight Leading Edge Innovation Market Responsive Teams 24

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26 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 26

27 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 27

28 Kerry Group Worldwide Global Headquarters Global and Regional Technology & Innovation Centres Manufacturing Plants Sales Offices Australia Belarus Brazil Canada China Costa Rica Denmark France Germany India Indonesia Ireland Italy Malaysia Mexico Netherlands New Zealand Panama Philippines Poland South Africa South Korea Spain Thailand Turkey UK USA 900 Scientists With expertise across all key disciplines in food science and engineering Serving our customers needs everyday Note: as at

29 Shareholder Analysis Institutions 58% Kerry Co-operative 14% Institutional Analysis North America 19% UK 14% Continental Europe Rest of World 22% Retail 28% Ireland 3% Shares in issue at 31 December 2017: 176,182,405 29

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