Safe harbour statement This presentation may contain forward-looking - PDF document

Patrick Cescau Group Chief Executive Goldman Sachs Consumer Products Symposium 8th May 2007 Safe harbour statement This presentation may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'expects', 'anticipates', 'intends' or the negative of these terms and other similar expressions of future performance or results, including financial objectives to 2010, and their negatives are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, among others, competitive pricing and activities, consumption levels, costs, the ability to maintain and manage key customer relationships and supply chain sources, currency values, interest rates, the ability to integrate acquisitions and complete planned divestitures, physical risks, environmental risks, the ability to manage regulatory, tax and legal matters and resolve pending matters within current estimates, legislative, fiscal and regulatory developments, political, economic and social conditions in the geographic markets where the Group operates and new or changed priorities of the Boards. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report & Accounts on Form 20-F. These forward-looking statements speak only as of the date of this presentation 1

Our challenge in 2004 6 14 12 5 Operating margin (%) 10 4 USG % 8 3 6 2 4 1 2 0 0 2001 2002 2003 2004 Our position in 2004 Growth 2001-04 Market share Exposure to D&E Exposure to Europe Growth potential Clear prioritisation 2

A new business model Clear Aligned growth strategy organisation Disciplined execution Defining our growth priorities • Businesses that are attractive • Businesses where we are already advantaged • Businesses with the potential to harness our strength in D&E 3

Deodorants market share Unilever Close Competitors Others % sales 100% 75% 50% 25% 0% UK Mexico Brazil USA FranceGermany Italy Russia Poland Netherlands Belgium Spain Canada Columbia Ukraine S Africa Chile Australia Argentina Source: Euromonitor, Unilever estimates Defining our growth priorities • Businesses that are attractive • Businesses where we are already advantaged • Businesses that exploit our strength in D&E 4

Deodorants, Skin, Hair Savoury, Ice Cream, Tea 5

Vitality within Foods D&E: Foods, Home care 6

Russia and China Our growth priorities Deodorants, Skin, Hair Savoury, Ice Cream, Tea Vitality within Foods D&E: Foods, Home care Russia and China 7

Aligned organisation Unilever Executive Corporate strategy Portfolio priorities Performance management Regions Categories Functions Execution Brand and category strategies Functional excellence Innovation Customer management Business support R&D Supply chain Simplification Disciplined execution, speed, effectiveness Progress on One Unilever – Top 20 countries One top team Single head office One sales force Back office integration Regional shared services 0% 20% 40% 60% 80% 100% Completed Announced 8

Bigger, better innovation Growth momentum Underlying sales growth 6% 5% 4% 3% 2% 1% 0% Q1 2005* Q2 2005 Q3 2005 Q4 2005* Q1 2006 Q2 2006 Q3 2006 Q4 2006 Q1 2007 Annualised growth rate * Days adjusted 9

Key financials Q1 2007 2006 2005 Underlying sales growth 5.7% 3.8% 3.1% Operating margin 13.7% 13.6% 13.2% ‘Underlying’ movement in 40bps (30)bps (90)bps operating margin* Ungeared free cash flow €4.2bn €4.0bn *Before restructuring, disposals and impairments and 2006 gains on US health care and UK pensions and 2005 profit on office sale Agenda going forward • Growth our number one priority – Competitive – Profitable – Consistent • Seeking further opportunities to accelerate the transformation 10

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