Investor Event Rohit Jawa, Head of Manila, 30th November 2015 Philippines: The Country 22% 100M Daily Wage Earners

Population 2.4M 23 Overseas Filipino Workers (OFW) Median Age (Youngest in SEA) 1M 93% Outsourcing Employees Simple Literacy Rate 45% 6.5% Urban-dwellers Unemployment Rate 44 M 25% Active internet Poverty Incidence users inc. mobile Philippines: Strong Consumption Story

Sustained GDP and Strong Macroeconomic Significant Market Consumption Growth Fundamentals Development Opportunities

. Low Inflation

7% 7% . Current Accounts Surplus 6% 6% 6% 6% 5% 5% 1.7x . Relatively Stable Forex

2012 2013 2014 2015 . Decreasing Debt to GDP GDP Consumption 2010 2020

Source: Philippine Statistics Authority Source: Central Bank of the Philippines Source: Unilever Philippines Living Standard Measure Unilever in the Philippines: Positioned to Win

Deep Local Roots Wide Distributive Reach #1 or #2 in 80% of Portfolio

75% Controlled Coverage #1 #2

100% Dressings 75%80% Hair 60% Fab Clean

40% Ice Fab Con Savoury Cream 20% Face

0% Oral Market Weighted Value 88 year heritage 0 200 360400 600 800 1000 Deos Established 1927 No. of Outlets ('000) Unilever Philippines: 4G Growth Model

Consistent Competitive Profitable Sustainable

Business Winning Share USLP embedded in our brands and operations 7% CAGR €1B Margin: +100 bps 75% avg. increase last 10 years

2005 2010 2015 Turnover 2013 2014 2015

*at current PHP:EUR exchange rate Unilever Philippines: Landing Global Category Choices

Personal Care Home Care Foods Ice Cream

Gross Margin FabClean Volume Growth Return on Invested Capital helped by Premium PC Profit before Overheads

CAGR = 8.0% 1.9x +300bps +1240bps

2013 2015 2013 2015 2013 2015 2013 2015 Grow Volumes through Improve Capital Build Premium Mixes Step-up Profitability Market Development Productivity Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation

Drive Penetration Growth More Stores, Better Stores, Expand in New Geographies Winning in the Better Served and Channels Marketplace

Winning through Simplify with Project Half More with Less Continuous Improvement

Strong Talent Bench Employer of Choice Empowered Culture Winning with People

USLP FOR GROWTH Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation Winning with Brands and Innovation Global Brands with Local Relevance

Sunsilk

#1 Shampoo Variant #1 Fabric Cleaning SKU 90% of Tamarind Dishes Winning withToni Brands & Guy and Innovation Play Good, Better, Best 300 250 Hair Ice Cream – 250 300 200 Toni & Guy 200 Magnum 250 250

150 Tresemme 150 for Men 200 Cornetto Disc 200 Dove 100 Cornetto Core 150 100 Pinipig Cornetto Disc 150 VaselineTresemme 50 Sticks Dove for Men 100 Cornetto Core 50 Dove Pinipig Clear 0 SPI 50 100 SPI Sticks Sunsilk 0

50 SPI SPI Winning with Brands and Innovation Fill White Spaces

Enter New Categories Future Proof with Adjacencies

Post Wash Male Grooming Toilet Care Skin Cleansing Dishwash Winning with Brands and Innovation Step up Digital

Reach Content Data

More than half of brands with Reach >30%

70% Share of Impressions

96% of Assets Mobile-enabled

* Based on Q3 2015 metrics Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation

Drive Penetration Growth More Stores, Better Stores, Expand in New Geographies Winning in the Better Served and Channels Marketplace Winning in the Marketplace Drive Penetration Growth

Core of the Core More Users Mental and Physical Availability

Top 10% SKU = 50% Turnover 93% of Core Brands growing in Penetration vs PY

75% Brand Equity scores gaining

67% SKUs increased distribution Double digit Core of Core growth

*from Unilever Core brand tracking NIS – Numeric In Stock SSS – Sari-Sari Stores (Mom & Pop Stores) Winning in the Marketplace More Stores, Better Stores, Better Served

Reach Expansion Market to Shopper Supported by Technology

Knorr Dove Meal Station Masterbrand 401K360k 1.7x

212K210k

OUTLET MAPPING

2012 2015 No. of Stores 40% increase in Promoters Sustained Double-digit Growth in investment Small Stores Sales Winning in the Marketplace Expand in New Geographies and Channels

Outer Islands Drug & Dept Channel Proximity Channel

Growth = 1.3x Growth = 1.2x Growth = 2.0x

*Growth vs Unilever Philippines Average Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation

Drive Penetration Growth More Stores, Better Stores, Expand in New Geographies Winning in the Better Served and Channels Marketplace

Winning through Simplify with Project Half More with Less Continuous Improvement Winning through Continuous Improvement Simplify with Project Half

Fewer SKUs Fewer, Bigger Activations Leaner Organisation

Average Project Size Local Overheads 30% Reduction Incremental Turnover % of Turnover

+60%

+110bps Reduction over 3 years Winning through Continuous Improvement More with Less

Return on Marketing Supply Chain Cost Driving Cash Investment

2012 to 2015 2012 2015

5% +260bps 2x - 4 - 31 Marketing spend Materials cost Non-materials savings from 2013 days days savings p.a. cost improvement

Working Capital Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation

Drive Penetration Growth More Stores, Better Stores, Expand in New Geographies Winning in the Better Served and Channels Marketplace

Winning through Simplify with Project Half More with Less Continuous Improvement

Strong Talent Bench Employer of Choice Empowered Culture Winning with People Winning with People Build Talent

Strong Talent Bench Employer of Choice Empowered Culture

• Bias for Action 76% Score High Potential Global Filipino List Cover Talents (Top Unilever Quartile) 100% • Strong Collaboration WL4 1 = 5

125% WL3 = 24 23

85% WL2 = 127 45

Ranked in the Top 3 in the past 3 years Source: Unilever Global People Survey Accelerating 4G growth in the Philippines

UNILEVER COMPASS

Winning with Global Brands with Play Good, Better, Fill White Spaces Step Up Digital Local Relevance Best Brands & Innovation

Drive Penetration Growth More Stores, Better Stores, Expand in New Geographies Winning in the Better Served and Channels Marketplace

Winning through Simplify with Project Half More with Less Continuous Improvement

Strong Talent Bench Employer of Choice Empowered Culture Winning with People

USLP FOR GROWTH Sustainable Growth Doing Well and Doing Good

Health and Well-being Environment Livelihood

2010 to 2014 Reduction*

-47%

-32% 12th Year 600,000 kids nourished 1,500 door-to-door resellers 500 Perfect Communities

* from Manufacturing Operations Unilever Philippines : Conclusion

Sharper Category choices Compass

Winning with Brands &  Philippines: A Strong Consumption Story Innovation  Unilever Philippines: Positioned to Win Winning in the Marketplace  Clear Portfolio Choices  4G Delivery – Consistent, Competitive, Winning through Continuous Profitable and Sustainable Growth Improvement  Compass Growth Model to Win Winning with People

Sustainable Living: More growth, Lower costs, Less risk, More trust USLP IN ACTION BUILDING GLOCAL BRANDS WITH KNORR AGILITY & COST

Margin: +100 bps avg. increase last 10 years