SUSTAINABILITY: NEW THINKING IN PRACTICE

‘We live in a world of finite resources’

Consumer is driving

business approach to sustainability

SUSTAINABILITY BUSINESS CASE

Health & wellnessSustainable/ethical

consumerismOnline

connectivity/transparency

BUSINESS PERFORMANCE

Raw material shortagesWater scarcityBiodiversity loss

EXPANDING POPULATION

INCREASING CONSUMPTION

GLOBALISATION CLIMATE CHANGE

StrategyBrand

Product range

Carbon & energy regulation

SUSTAINABILITY: A KEY DRIVER OF BUSINESS PERFORMANCE

‘Sustainable practice will drive sustainable business growth’

Enhance reputation

‘licence to operate’

Build trust with customers and all stakeholders

Improve business efficiencies

Drive innovation Manage risk Inspire our people

BUSINESS DOESN’T OWN ITS REPUTATION, IT EARNS IT!

SUSTAINABILITY: SUMMARY BUSINESS CASE

Create shared value for business, it’s customers,

agricultural producers, suppliers, investors and employees

BUILDING SUSTAINABLE COMMUNITIES AND IMPROVING LIVELIHOODS

SUSTAINABILITY IS CENTRAL TO KERRY’S MISSION STATEMENT

Kerry Group is committed to the highest standards of business and ethical behaviour, to

fulfilling our responsibilities to the communities which we serve and to the creation of long

term value for all stakeholders on a socially and environmentally sustainable basis

INTRODUCING KERRY

KERRY WORLDWIDE LOCATIONS KIF SALES BY REGION 2012

* As at 31-03-2013

Americas44%

Asia-Pacific 17%EMEA 39%

Ingredients & Flavours €4,225mConsumer Foods €1,712m

Ingredients & Flavours €506mConsumer Foods €130m

Consumer Foods 29%

Ingredients& Flavours 71%

Consumer Foods 21%

Ingredients& Flavours 79%

Note: sales in the Republic of Ireland were < 10% of Group revenue

REVENUE 2012 TRADING PROFIT 2012

8

Consumer Foods Sales are to UK and Ireland

› Revenue €5.8bn

› EBITDA €673m**

› Enterprise Value €9bn*

› Market Capitalisation €8bn*

› Listed on both the Irish and

London Stock Exchanges

› Operations in 24 countries

› Sales to 140 countries

› 140 manufacturing sites

› 24,000 employeesHead Offices Manufacturing Plants Sales Offices

› Kerry Ingredients & Flavours develops, manufactures and delivers innovative taste systems, functional and nutritional ingredients and integrated solutions for the food, beverage and pharmaceutical markets

› The largest player in the ingredients and flavours market

› 2012 revenues were €4.2bn

› The customer derives maximum synergies through utilising Kerry’s broad range of food and beverage technologies, applications and culinary expertise and processing capabilities

› No. 1 position in Savoury & Dairy and Cereal & Sweet and key leading positions in Beverage, Pharma and Functional Ingredients

OUR INGREDIENTS & FLAVOURS’ BUSINESS

TECHNOLOGY END USE MARKET

KERRY INGREDIENTS & FLAVOURS REGION

Savoury & Dairy Systems &

Flavours 44%

Cereal & Sweet Systems &

Flavours 20%

Beverage Systems & Flavours

17%

Pharma/Functional Ingredients

9%

Regional Ingredients 10%

Beverage 22%

Meats 18%

Bakery 13%

Dairy 9%

Soups, Sauces & Dressings 7%

Cereal & Bars 6%

Prepared Meals & Side Dishes 6%

Savoury Snacks 5%

Ice-cream & Desserts 4%

Confectionery 4%

Pharma 4%

Appetisers 2%

Americas 44%

EMEA 39%

Asia-Pacific 17%

KERRY DELIVERS IN COLLABORATION WITH OUR CUSTOMERS

TASTE

CONVENIENCE NUTRITIONCONSUMERPREFERREDSOLUTIONS

VALUE

INGREDIENTS & FLAVOURS’ STRONG CUSTOMER ALLIANCES

147.5 147.8 156.4 167.1185.9

4.7% 4.9% 4.6% 4.5% 4.4%

-100.0%

-80.0%

-60.0%

-40.0%

-20.0%

0.0%

020406080

100120140160180200220

2008 2009 2010 2011 2012

R&D Expenditure % of KIF Revenue*

GLOBAL TECHNOLOGY & INNOVATION CENTRES

R&D EXPENDITURE

GLOBAL TECHNOLOGY APPLICATION AND CULINARY LEADERSHIP

Note: * 2008 to 2010 re-presented in line with management reporting changes

San Juan del Rio

BeloitNaas

Johor Bahru Shanghai

› Best-in-class global development and applications model

› Layer and leverage development and process capability

› Raw material category technology management

› Ensure regional development and management of customised system technologies while maintaining global alignment

› Develop flavours and technical ingredients platforms globally with regional product management and application

› Significant investment in technology know-how and applications via acquisitions

› Execute through Kerry Global Technology & Innovation Centres supported by Regional Development & Application Centres

KERRY FOODS

Kerry Foods is a leading

manufacturer of added-value

branded and customer branded

chilled foods to the UK and Irish

consumer foods markets

OUR CONSUMER FOODS’ BUSINESS

CONSUMER FOODS SIGNIFICANT CUSTOMERS

REGION TECHNOLOGY CUSTOMERS

› Supplies added value chilled foods across Ireland and the UK

› 2012 revenues of €1.7bn

› Has achieved #1 brand position in most of its markets through a process of organic growth, acquisitions and strategic investment

› Leading supplier of chilled products to all the major supermarkets including in the UK, Tesco, Morrisons, Sainsbury’s and Asda and in Ireland, Tesco, SuperValu and Dunnes

› Key brands include Richmond, LowLow, Wall’s, Dairygold, Charleville, Mattessons, Cheestrings, Denny

GB

Ireland

Other

Meat & Savoury Provisions

Meal Solutions

Dairy Products

Brand

Private Label

KERRY GROUP SUSTAINABLE GROWTH MODEL – 1 KERRY POSITIONING

› 1 Kerry embraces Group’s ‘Dual

Strategy for Growth’

- building on our global leadership

in ingredients & flavours and our

chilled foods’ leadership position in

the UK and Irish markets

› All divisions are well advanced in

the implementation of ‘go-to-

market’ strategies in line with 1

Kerry vision objectives

1 KERRY BUSINESS TRANSFORMATION

OPERATING MODELSBUSINESS STRATEGIES KERRYCONNECT

Kerry Ingredients

& Flavours

‘Go-to-market Strategy’

Kerry Foods

‘Go-to-market Strategy’

Securing Sustainable

Growth

‘Enabling better business’

Standardised ways of

working

Common data

Integrated ICT system

Driving market leadership

and global alignment

Optimising scale and

efficiency benefits

Building talent for a

global organisation

‘SECURING SUSTAINABLE GROWTH’ EMBEDDING SUSTAINABILITY IN OUR BUSINESS

› 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 ENVIRONMENT ECONOMIC

SOCIAL

EquitableBearable

Sustainable

Viable

Kerry’s Sustainability plan represents a journey of continuous improvement

– an ongoing process and strategy to secure sustainable growth

SECURING SUSTAINABLE GROWTH

ENVIRONMENT SUSTAINABILITY

MARKETPLACE SUSTAINABILITY

WORKPLACESUSTAINABILITY

COMMUNITYSUSTAINABILITY

KERRY SUSTAINABILITY JOURNEY: EMBEDDING SUSTAINABILITY IN OUR BUSINESS

› Sustainability is at the heart of our

business strategy

› Integrated in 1 Kerry strategies and operational activities

› Executed and delivered by

business leadership and key

functions

› Groupwide time-bound, quantified

targets established to measure

progress.

› Directed and governed by our Kerry

Sustainability Council

KERRY GROUP: 1 KERRY SUSTAINABILITY APROACH

WORKPLACE COMMUNITYMARKETPLACEENVIRONMENT

FOCUS AREAS

1 KERRY SUSTAINABILITY PROGRAMME 2012-2015

1 ENVIRONMENTClimate Efficiency Waste

Aspirations

Three Year Strategic Plan

2013 Goals

2 MARKETPLACEQuality Sourcing Nutrition

Aspirations

Three Year Strategic Plan

2013 Goals

3 WORKPLACEPeople Ethics

Aspirations

Three Year Strategic Plan

2013 Goals

4 COMMUNITYSocial Economic

Aspirations

Three Year Strategic Plan

2013 Goals

PROGRESS IN ENVIRONMENTAL SUSTAINABILITY

› We have programmes in place to measure, manage and reduce climate change impacts - good progress recorded in carbon, energy, water conservation and waste minimisation

› Joined Carbon Disclosure Project 2010

› Partnering with farmers and our customers in sustainable sourcing of strategic ingredients and supply chain initiatives

To achieve targeted 8% reduction in greenhouse gas emissions by the end of 2012 and an overall

12% reduction in emissions by 2014 compared to the baseline year 2009

Reduce water use by 4% by 2014 (compared to baseline year 2011)

Reduce waste by 6.5% by 2014 (compared to baseline year 2011)

KERRY’S RESPONSIBILITY TO THE MARKETPLACE

› As the world’s leading supplier of food and beverage ingredients and flavours, Kerry recognises and embraces our responsibility to our customers and to the broader community to provide nutrition that can be consumed with confidence as part of a well balanced diet

UNDERSTANDING AND DELIVERING ACROSS THE NUTRITIONAL MANAGEMENT SPACE

KERRY’S NUTRITION AND HEALTH PORTFOLIO

KERRY FOODS: ‘BETTER FOR YOU PROGRAMME’

SUSTAINABLE SOURCING

› Partnering with our suppliers and customers in sustainable sourcing of strategic ingredients and

supply chain initiatives

› SEDEX Membership

› Partnering with our Dairy Farmers in Ireland in sustainable milk production

› On farm sustainability programme

› Focus on Profit Programme

› Kerry milk contract to 2025

› Kerry Group investment in milk processing

› Kerry is committed to implementation of Origin Green Programme across our manufacturing

and dairy supplier base in Ireland

IRELAND’S SUSTAINABILITY CREDENTIALS

Ireland has specific natural advantages

› Temperate climate, plentiful rainfall, no water

irrigation, rich soil

› 80% grassland vs. 40% in mainland EU

› Lowest greenhouse gas emissions per kg of milk

solids

› Lowest water stress index in the world

Ireland has an enviable reputation for animal care and

stockmanship

› Excellent quality milk

We have one of the most favourable environmental and

animal welfare conditions in the world

SUSTAINABILITY WORKPLACE PROGRAMMES

› Central to our success is the commitment, skill and creativity of our people

› Our focus:

› Through our Kerry Code of Conduct we focus critical attention on ethical business practices

and provision of a safe and healthy workplace

› Provision of structured training and development programmes

› Embed social responsibility as a way of working

› Embrace diversity across our workplace, our customer base and the communities we serve

› Ensure competitive wages and fair/equitable labour standards

SUSTAINABILITY PROGRAMMES IN OUR COMMUNITIES

› Kerry continues to support outreach activities in our local communities and has developed

specific programmes focusing on:

› Health and Nutrition

› Entrepreneurship

› Amenity/Community Development

› Education, Arts and Sport

› Sustainable Agriculture

KERRY GROUP/CONCERN ‘RAIN’ PROJECT IN AFRICA

› Pioneering initiative to improve undernutrition and reduce mortality rates in children in developing

world

› 5 year programme launched in December 2011

› Pilot ‘RAIN’ ( Realigning Agriculture to improve Nutrition) project in Zambia

› Project aims to identify sustainable ,scalable, replicable solutions for prevention of undernutrition

› To influence international policy in relation to prevention of childhood stunting

› And provide valuable learnings around integrated agriculture and nutrition in reducing child

mortality and undernutrition

SUSTAINABILITY OUR JOURNEY

Our sustainability goals will be achieved through continued:

› Successful execution of our 1 Kerry Sustainability Programme 2013-2015

› Collaboration with our valued customers

› Engagement with all our stakeholders

› Passion, capabilities and commitment of our Kerry people

› Implementation of Origin Green Programme

Sustainability critical to our Business Performance, Development and Profitable Growth

SECURING SUSTAINABLE GROWTH

ENVIRONMENT SUSTAINABILITY

MARKETPLACE SUSTAINABILITY

WORKPLACESUSTAINABILITY

COMMUNITYSUSTAINABILITY