nestle financial analysis

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Exhibit 1: 4-Yr Income Statement of Nestle SA in Swiss CHF m Narratives CY2010 CY2011 CY2012 CY2013 Revenues 87,906 83,642 89,721 92,158 Other Revenues 109 128 210 215 Total Revenues 88,015 83,770 89,931 92,373 Cost Of Goods Sold 44,775 44,127 47,500 48,111 Gross Profit 43,240 39,643 42,431 44,262 Selling General & Admin Expenses 27,799 24,997 27,295 28,115 R&D Expenses 1,403 1,423 1,413 1,503 Other Operating Expenses 317 145 121 303 Total Operating Expenses 29,519 26,565 28,829 29,921 Operating Income 13,721 13,078 13,602 14,341 Interest Expense -828 -527 -552 -580 Interest And Investment Income 58 87 108 199 Net Interest Expense -770 -440 -444 -381 Income (Loss) On Equity Investments 1,010 866 1,253 1,264 Other Non-Operating Income (Expenses -6 19 -24 -2 PBT before unusual items 13,955 13,523 14,387 15,222 Merger & Restructuring Charges -492 -134 -170 -294 Impairment Of Goodwill -337 -16 -14 -114 Gain (Loss) On Sale Of Investments 14 34 41 583 Gain (Loss) On Sale Of Assets 29 0 135 -1,173 Other Unusual Items, Total -778 -491 -443 -523 Legal Settlements -584 -341 -369 -380 PBT after unusual items 12,391 12,916 13,936 13,701 Income Tax Expense 3,343 3,112 3,259 3,256 Earnings From Continuing Operations 9,048 9,804 10,677 10,445 Minority Interest In Earnings -271 -317 -449 -430 Earnings from discontinued Operation 25,456 0 0 0 Net Income 34,233 9,487 10,228 10,015

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Nestle Financial analysis

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Exhibit 1: 4-Yr Income Statement of Nestle SA in Swiss CHF millionNarratives CY2010 CY2011 CY2012 CY2013Revenues 87,906 83,642 89,721 92,158Other Revenues 109 128 210 215Total Revenues 88,015 83,770 89,931 92,373Cost Of Goods Sold 44,775 44,127 47,500 48,111Gross Profit 43,240 39,643 42,431 44,262Selling Generl ! "d#in $%&enses 27,799 24,997 27,295 28,115R!' $%&enses 1,403 1,423 1,413 1,503Other O&erting $%&enses 317 145 121 303Total !eratin" #$!enses 29,519 26,565 28,829 29,921!eratin" %n&o'e 13,721 13,078 13,602 14,341(nterest $%&ense )828 )527 )552 )580(nterest "nd (nvest#ent (n*o#e 58 87 108 199Net %nterest #$!ense (770 (440 (444 (381(n*o#e +,oss- On $.uit/ (nvest#ents 1,010 866 1,253 1,264Other 0on)O&erting (n*o#e +$%&enses- )6 19 )24 )2P)T *efore unusual ite's 13,955 13,523 14,387 15,2221erger ! Restru*turing Chrges )492 )134 )170 )294(#&ir#ent Of Good2ill )337 )16 )14 )114Gin +,oss- On Sle Of (nvest#ents 14 34 41 583Gin +,oss- On Sle Of "ssets 29 0 135 )1,173Other 3nusul (te#s, 4otl )778 )491 )443 )523,egl Settle#ents )584 )341 )369 )380P)T after unusual ite's 12,391 12,916 13,936 13,701(n*o#e 4% $%&ense 3,343 3,112 3,259 3,256#arnin"s +ro' Continuin" !erations 9,048 9,804 10,677 10,4451inorit/ (nterest (n $rnings )271 )317 )449 )430#arnin"s fro' ,is&ontinue, !erations 25,456 0 0 0Net %n&o'e 34,233 9,487 10,228 10,015Exhibit 1: 4-Yr Income Statement of Nestle SA in Swiss CHF millionExhibit 2: 4-Yr alance Sheet of Nestle SA in Swiss CHF millionNarratives CY2010 CY2011 CY2012Csh nd Short 4er# (nvest#ents 16,915 8,502 9,788Re*eiv5les 13,039 14,434 14,020(nventor/ 7,925 9,255 8,9396re&id $%&enses 748 900 821Other Current "ssets 370 233 452Total Current -ssets 38,997 33,324 34,020Gross 6ro&ert/ 6lnt "nd $.uient 45,834 49,270 52,315"**u#ulted 'e&re*ition )24,396 )25,299 )25,739Net Pro!ert. Plant an, #/ui!'ent 21,438 23,971 26,576Good2ill 27,031 29,008 32,688,ong)4er# (nvest#ents 14,280 15,790 16,565'eferred 4% "ssets, ,ong 4er# 1,911 2,476 2,899Other (ntngi5les 7,728 9,356 13,018Other ,ong)4er# "ssets 256 166 111Total -ssets 111,641 114,091 125,877"**ounts 6/5le 12,592700 13,584700 14,627700"**rued $%&enses 2,798700 2,909700 3,078700Short)4er# 8orro2ings 7,516700 10,535700 13,490700Current 6ortion Of ,ong)4er# 'e5t9C&itl ,ese 5,261700 5,861700 5,175700Current 6ortion Of C&itl ,ese O5ligtions 68 57 52Current (n*o#e 4%es 6/5le 1,079700 1,417700 1,608700Other Current ,i5ilities, 4otl 900 926 619Total Current 0ia*ilities 30,146100 35,232100 38,597100,ong)4er# 'e5t 7,251700 6,016700 8,834700C&itl ,eses 232 191 1741inorit/ (nterest 731 1,477700 1,6577006ension ! Other 6ost)Retire#ent 8enefits 5,280700 7,105700 8,360700'eferred 4% ,i5ilit/ 0on)Current 1,371700 2,060700 2,240700Other 0on)Current ,i5ilities 4,763700 5,213700 5,008700Total 0ia*ilities 49,043100 55,817100 63,213100Co##on Sto*: 347 330 322Retined $rnings 88,422700 80,116700 80,3977004resur/ Sto*: )11,108700 )6,722700 )2,078700Co#&rehensive (n*o#e "nd Other )15,794700 )16,927700 )17,634700Total Co''on #/uit. 61,867100 56,797100 61,007100Total #/uit. 62,598100 58,274100 62,664100Total 0ia*ilities an, #/uit. 111,641100 114,091100 125,877100Exhibit 2: 4-Yr alance Sheet of Nestle SA in Swiss CHF millionCY20137,15213,3578,38276241330,06653,118)26,22326,89531,03916,8652,24312,673661120,44216,0727003,1857007,2417004,403700441,27670074032,91710010,1657001981,5647006,2797002,6437004,10170056,30310032285,252700)2,196700)20,80370062,575100 20416.1164,139100120,442100Exhibit !: 4-Yr Cash Flow Statement of Nestle SA in Swiss CHF millionNarratives CY2010 CY2011 CY2012Net in&o'e 34,233 9,487 10,228'e&re*ition ! "#orti;tion 2,552 2,422 2,655"#orti;tion Of Good2ill "nd (ntngi5le "ssets 124 111 1022e!re&iation an, -'orti3ation 2,676 2,533 2,757"#orti;tion Of 'eferred Chrges 506 392 292+Gin- ,oss