KERRY GROUP · KERRY GROUP INTRODUCTION PRESENTATION 2016 337 6,105 0.48 50.0 7.6 301.9 14 700 Note: * before brand related intangible asset amortisation and non-trading items (net

KERRY GROUPINTRODUCTIONPRESENTATION

2016

This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Company’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 Company undertakes no obligation to publicly update any forward looking statement, whether as a result of new information, future events or otherwise.

€6.1bn Revenue €700m Trading Profit

Taste & Nutrition

Consumer FoodsTaste & Nutrition

Consumer Foods

Note: * As at 1-8-2016

ENTERPRISE VALUE* PRODUCTION LOCATIONS EMPLOYEES


2016

337

6,105

0.48

50.0

7.6

301.9

14

700

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

Emulsifiers, Hydrocolloids, Yeast, Proteins, Enzymes,

Cultures, Fermented Ingredients

34 Acquisitions

61 Acquisitions

Beverage Flavour & Bases, Syrups & Sauces, Brewing

Ingredients

Cell Nutrition, Excipients


2016

VOLUME GROWTH

Taste & Nutrition 4% to 6% p.a.

Consumer Foods 2% to 3% p.a.

Group 3% to 5% p.a.**

(** assumes market growth rate of 2% to 3% p.a.)

MARGIN EXPANSION

Taste & Nutrition 50 bps p.a.

Consumer Foods 20 bps p.a.

Group 30 bps p.a.

(plus an additional 100 bps from Kerryconnect project)

Note: * before brand related intangible asset amortisation and non-trading items (net of related tax)

CFROI 12%+ ROAE* 15%+

Savoury & Dairy 41%

Beverage 21%

Cereal & Sweet 16%

Pharma/Functional Ingredients 15%

Regional Ingredients 7%

50%

Americas

33%

EMEA

17%

Asia-Pacific

24% Beverage

18% Meats

9% Dairy

9% Bakery

6% Cereal & Bars

6% Soups, Sauces

& Dressings

5% Ice-cream & Desserts

5% Prepared Meals & Sides

5% Savoury Snacks

5% Pharma

4% Confectionery

2% Appetisers

2% Others

Savoury & Dairy

Beverage

Cereal & Sweet

Pharma/Functional Ingredients

Regional Ingredients

Emulsifiers

Enzymes

Cultures

Hydrocolloids

Colours

Proteins

Flavours

Pharma

Dairy

Flour

Fruits

Oils

Soya

Spices

Starch

Sugar

e.g. RTD nutritional beverage

Dairy protein

Hydrolysed protein

Stabilising systems

Fibre systems

Flavour systems

Flavour modulation

Nutritional lipids

High protein

Heat stable processing

Smooth texture

Digestive comfort

Fruit flavour profile

Protein flavour

High in essential fatty acids

• Savoury & Dairy Flavour Solutions• Dairy Ingredients• Culinary Sauces• Culinary Ingredients• Snack Seasonings• Meat Coating Systems• Functional Meat Systems

• Enzymes• Fermented Ingredients• Protein Fractions• Prebiotics, Probiotics, & Metabolites• Nutritional Beverages• Nutrition Solutions

• 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• Emulsifiers & Texturants

• Pharma Excipients• Cell Nutrition Proteins• Media Ingredients

• # 1 in America• # 1 in Europe• # 1 in Rest of World

• # 1 in proteins globally• # 2 in emulsifiers globally

• # 1 in America• # 1 in Europe

• # 3 globally

• We are in 5 of the top ten blockbuster drugs

Meat & Savoury Products

Meal Solutions

Dairy Products

Rest of Europe

Ireland

GB

Brand

Private Label

• Largest branded dairy supplier in Ireland

• #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

MEAT PRODUCTS

DAIRY PRODUCTS

MEAL SOLUTIONS

• #1&2 sausage brands in GB

• #2 (fastest growing) meat snacking brand in GB

• #1&2 breakfast product brands in Ireland

• #1 cooked meat brand in Ireland

• #1 GB customer brand supplier of

– chilled ready meals

– frozen ready meals

– ready to cook

We will use consumer-led insight & 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

where ever they shop.

We will work collaboratively with our customers to

ensure we create products that 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 consumers.

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

• A comprehensive programme that sets out our vision for sustainable growth

• Four critical areas of focus which reflect global concerns and issues of material importance to our shareholders,

translated into actions that help direct our day to day activities

• Directed by Senior Leadership through the Kerry Sustainability Council but with functional responsibility for

implementation that embeds sustainability within the business

Environment

Climate Change

Resource Efficiency

Waste Reduction

Marketplace

Nutrition and Health

Responsible Sourcing

Product Quality

Workplace

Our People

Business Ethics

Health and Wellbeing

Community

Social Impact

Economic Development

Shared Purpose

* Achievement of total target improvement by 2020 is dependent on completion of a planned new Combined Heat and Power (CHP) energy solution at the Listowel plant in Ireland

• 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

• Achieve 100% ISO 14001 approval (all Kerry manufacturing sites)

• Achieve an overall 13% reduction in GHG emissions by 2020 compared to baseline year 2013, reflecting an overall 25% reduction compared to baseline year 2009*

• Reduce water use by 7% by 2020 compared to baseline year 2013, reflecting an overall reduction of 11% by 2020 compared to baseline year 2011

• Reduce waste 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

• Achieve Group ISO 14001 approval targets for 2016

• Implement Kerry Carbon Reduction Projects for 2016 in line with our 2020 targets

• Implement Kerry Water Reduction Projects for 2016 in line with our 2020 targets

• Implement Kerry Waste Reduction Projects for 2016 in line with our 2020 targets

• Implement our Origin Green Programme in Ireland

• 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

• 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 100% of strategic and key supply partners are formalised as members of SEDEX and have signed our Supplier Code of Conduct

• Maintain Global Food Safety Initiative (GFSI) certification of all Kerry manufacturing sites

• 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

• Achieve 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 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

• 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

• 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


• Be a responsible neighbour by driving and supporting outreach initiatives in our local communities

• Continue to partner with the international programme to alleviate world hunger in developing regions

• Promote Kerry Community Lead Projects in each region

• Assist and actively engage in development programmes in our communities to improve – health and nutrition, entrepreneurship, amenity/community development projects, education, arts and sport, sustainable agriculture

• Assist Concern Worldwide in implementing the ‘RAIN’ (Realigning Agriculture to Improve Nutrition) project in the developing world

• Develop Kerry Community Lead Projects in each region

• Assist community development programmes in association with Kerry Vanilla Project in Madagascar

• 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



2016

As at 30-6-2016

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

Manufacturing Plants

Sales Offices


2016

Shares in issue at 30 June 2016: 175,981,485

UK 15%

North America 20%

Continental Europe | Rest of World 19%

Ireland 3%Retail 29%

Kerry Co-operative 14%

Institutions 57%

Documents

KERRY GROUP · KERRY GROUP INTRODUCTION PRESENTATION 2016 337 6,105 0.48 50.0 7.6 301.9 14 700 Note: * before brand related intangible asset amortisation and non-trading items (net