Disclaimer: Forward Looking Statements

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 and 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.

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Q3 2015 Interim Management Statement

Brian Mehigan

CFO

Q3 YTD 2015 Highlights

4

› Volume growth +3.2%

› Taste & Nutrition +3.4%

› Consumer Foods +2.6%

› Pricing -2.8%

› Group trading margin up 40bps

› Taste & Nutrition +40bps

› Consumer Foods +20bps

› Net Debt of €1.4bn

› Earnings guidance for full year reaffirmed

3.4%

2.6%

3.2%

T&N Foods Group

Volume Growth

40 bps

20 bps

40 bps

T&N Foods Group

Margin Expansion

Q3 YTD 2015 Overview

› Changing marketplace - good Kerry performance in a challenging environment

› Developed markets - broadly stabilised as ‘new consumer’ landscape continues to drive innovation

› Taste & Nutrition positioning delivering success with great tasting, clean label, natural nutritious offerings addressing consumer preferences

› Developing markets - variations more pronounced, geopolitical & currency volatility affecting growth

› Asia - good growth maintained

› EMEA - remains challenging

› Deflationary input cost environment continued

› Recovery continues within competitive UK and Irish consumer foods markets

› Kerry Foods repositioned portfolio delivering on today’s consumer needs

› Key acquisitions announced will enhance our Taste & Nutrition strategy globally

5

Revenue Analysis

Q3 YTD 2015

7.7%

CURRENCY

(3.8%)

DISPOSAL/ ACQUISITION

(2.8%)

PRICE

3.2%

VOLUME

6

4.3%

GROWTH YOY

Q3 YTD 2014

Q3 YTD: Business Review – Taste & Nutrition

› Volume growth +3.4%

› Price deflation of -2.9%, reflecting customer partnership arrangements

› Margin accretion of 40bps

› Americas - Strong performance in meeting ‘new consumer’ needs

› EMEA developed markets - encouraging innovation pipeline

› EMEA developing markets - geopolitical & economic issues creating a challenging marketplace

› Asia - Strong growth driven by taste, beverage & foodservice

› Foodservice & c-store - new launches meeting trends & driving traffic

› Acquisitions of Red Arrow Products, Island Oasis & Wellmune

GROWTH

Revenue +3.4%*

Trading margin +40bps

Note: * volume growth 7

3.5%

0.8%

7.9%

3.4%

AMERICAS EMEA APAC T&N

Q3 YTD: Business Review – Consumer Foods

› Strong volume growth +2.6%

› Business performance and efficiency programmes contributed 20bps margin growth

› Price deflation of 2.4%

› Ready meals - Good growth in both chilled & frozen

› Snacking - Strong growth continued

› Mattessons Fridge raiders leading category growth

› Cheestrings continued successful growth in all regions

› Sausage category volumes impacted by reduced volume led promotions

› Spreads growing market share in a declining market

› New Denny range performing well post launch in Ireland in H1

› Good progress in channel strategy - convenience, internet & value

GROWTH

Revenue +2.6%*

Trading margin +20bps

Note: * volume growth 8

Repositioned Portfolio

9

Red Arrow

Island Oasis

Wellmune

IOI Loders

Insight Beverages

KFI Savory

Baltimore Spice

PST

Rollover Ltd

Market Leadership

Taste & NutritionConsumer

Foods

Taste Nutrition & General Wellness

DevelopingMarkets

ConsumerChannel

CustomerGeography

#1 #1

2015 Acquisitions

Lifestyle Bakery BusinessDirect to Store

Business2015 Disposals

Recent Acquisitions Announced

Location

Geographic

Sales

End Use

Markets

Technology Global leader – authentic,

clean smoke & grill taste

Industry leader – natural, cold

speciality beverage systems

Natural immunity

enhancers

US - WI (x2), Sweden,

Germany

US - NY, OH, MA US - MN

Americas | EMEA | APAC Americas Americas | EMEA | APAC

Meat & culinary Beverage ‘on-premise’

channel

Nutritional beverage &

functional foods

Total consideration of USD $735m

FY 2014: annual revenues of $301m & EBITDA of $59m

Other Updates

Global Technology & Innovation Centres

M&A

Debt Financing

11

› EMEA centre officially opened on 1 October 2015

› Investor Day held on 15 October 2015

› Portfolio repositioning - moving from dilutive to accretive

› New 10 year €750 million bond issued in September, extending the maturity profile of Group debt - used to retire existing debt & fund acquisitions

FX › Developing markets currency headwind

Raw Materials › Signs raw material deflation has reached inflection point

2015 Outlook: Summary

› Continued growth ahead of our markets

› Good Innovation pipeline

› Delivering in an era of unprecedented consumer change

› Strengthening customer partnerships via our holistic business model

› Capitalising on our market leading Taste & Nutrition positioning

› Continued investment in developing markets to meet local consumer needs

› Further investment in platforms for growth in foodservice, c-stores and etail

› New acquisitions will be integrated, while headroom for further consolidation exists

The Group is confident of delivering full year growth of 6% to 9%

in adjusted* earnings per share in 2015

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