Unilever CEO Fernando Fernandez and Warren Ackerman, Head of European Consumer Staples Research at Barclays, sat down to discuss the combination of Unilever’s Foods business with McCormick & Company. The conversation focused on the strategic rationale for the transaction and how it positions both businesses for long-term value creation. For Unilever, the transaction will create a more focused portfolio, with greater exposure to higher-growth categories and a clearer positioning as a leading HPC pureplay. For Foods, the combination brings together complementary portfolios and capabilities to form a global flavour leader, well positioned to compete in attractive, growing segments. Overall, the transaction reflects a continued focus on portfolio quality, disciplined capital allocation and the delivery of sustainable, long-term growth. 00:00:00 Introduction 00:01:05 Rationale and value creation 00:18:05 Financial implications and execution 00:26:57 Fernando’s vision of Unilever as a pureplay HPC company Discover why Unilever offers a compelling investment case: https://www.unilever.com/investors/why-invest-in-unilever/

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