1、Nestl.We unlock the power of food to enhance quality of life for everyone,today and for generations to come.Annual Review 2022Our purposeContentsAccompanying reportsCorporate Governance Report 2022Compensation Report 2022Financial Statements 2022You can find more informationabout the Nestl Group at

2、Find out more about Creating Shared Value at coverPurina ONE+Plus Joint Health Formula Purina ONE+Plus Joint Health Formula dry dog food combines nature and research for results,with a SmartBlend of high-quality ingredients,plus fish oil and glucosamine,for a formula that supports dog joint health a

3、nd mobility.2 Letter to our shareholders 6 Generating value through our strategy 10 Innovating to unlock the power of food 14 Creating shared value 24 Accelerating data-driven digitalization 28 Connecting through our brands 44 Financial review 68 Corporate Governance and Compliance 75 Shareholder in

4、formationNestl.Unlocking the power of food to enhance quality of life for everyone,today and for generations to come.We constantly aim to push the boundaries of what is possible with food,beverage and nutritional health products to promote better health,greater accessibility andaffordability,effortl

5、ess preparation,protection of our natural resources andenjoyment.Nestl Annual Review 20221In 2022,our organic growth was strong,with resilient RIG and responsible pricing to reflect significant cost inflation.Asummary of the 2022 full-year results can be found in the table to the right.*Financial pe

6、rformance measures not defined by IFRS.For further details,see Financial review on page 46.Group sales(in CHF)Organic growth*Real internal growth*94.4 billion 8.3%0.1%Underlying trading operating profit*(in CHF)Underlying trading operating profit margin*Underlying trading operating profit margin*16.