1、Q2 FY 2026 ResultsJanuary 22,2026EARNINGS EARNINGS RELEASERELEASEBUSINESS BUSINESS RESULTSRESULTSQ2 FY 2026 Second quarter results heavily impacted by base period dynamics and underlying market trends.Organic sales were in-line with prior year.Pricing+1%offset by volume-1%.7 of 10 product categories

2、 grew or held organic sales for the quarter.Global aggregate value share is down 20 basis points,with 25 of our top 50 category/country combinations holding or growing share for the quarter.Core earnings per share were$1.88,in-line with the prior year.On a currency-neutral basis,core EPS was$1.85.Q2

3、 FY 2026 RESULTSQ2 FY 2026 RESULTSQ2 FY 26Organic Sales Growth+0%Organic Volume Growth-1%Core EPS Growth+0%Currency Neutral Core EPS Growth-2%Adjusted Free Cash Flow Productivity88%Q2 FY 2026 RESULTSQ2 FY 2026 RESULTS2%3%1%2%2%0%Q1 FY 25Q2 FY 25Q3 FY 25Q4 FY 25Q1 FY 26Q2 FY 26Q2 FY 2026 RESULTSQ2 FY

4、 2026 RESULTSOrganic Sales GrowthOrganic Sales Growth Organic volume declined 1 point.Pricing contributed 1 point to organic sales growth.Mix was neutral.Core gross margin Core operating margin Total productivity savings5%2%1%6%3%0%Q1 FY 25Q2 FY 25Q3 FY 25Q4 FY 25Q1 FY 26Q2 FY 26Q2 FY 2026 RESULTSQ2

5、 FY 2026 RESULTSCore EarningsCore Earnings-PerPer-Share GrowthShare Growth-50 basis points-70 basis points+270 basis points Core Gross margin ex-FX Core Operating margin ex-FX-30 basis points-80 basis points4%3%3%5%3%-2%Q1 FY 25Q2 FY 25Q3 FY 25Q4 FY 25Q1 FY 26Q2 FY 26Q2 FY 2026 RESULTSQ2 FY 2026 RES

6、ULTSCurrencyCurrency-Neutral Core EPS GrowthNeutral Core EPS GrowthTOP 50 Category/Country Combinations#Grew/Held Value Share 23263330323831282925Global share data through Nov 2025;US through Dec 2025GLOBAL MARKET SHARESGLOBAL MARKET SHARESSEGMENT SEGMENT RESULTSRESULTSQ2 FY 2026 4%3%-2%Organic Sale