Mondelez International : 2024 Presentation Q1

Q1 2024 RESULTS

April 30, 2024

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements. All statements other than statements of historical fact are "forward-looking

statements" for purposes of federal and state securities laws. Words, and variations of words, such as "will," "may," "expect," "would," "could," "might," "intend," "plan," "believe," "likely," "estimate," "anticipate," "objective," "predict," "project," "drive," "seek," "aim," "target," "potential," "commitment," "outlook," "continue," "goal" or any other similar words are intended to identify our forward-looking statements. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in these forward-looking statements. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this presentation except as required by applicable law or regulation. In addition, historical, current and forward-lookingsustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. For important information on forward-looking statements, please see our earnings release for Q1 2024 on our investor website at https://www.mondelezinternational.com/investors.

NON-GAAP FINANCIAL MEASURES

All results shared with this presentation are non-GAAP unless noted as "reported", in which case we are referring to our results on a GAAP basis. Please see GAAP to non-GAAP reconciliations at the end of this presentation for comparable GAAP measures. Refer to the definitions of these measures in our earnings release for Q1 2024 located at https://www.mondelezinternational.com/investors in addition to the appendix on slide 24 of this presentation.

2

AGENDA

1. Business & Strategy Update - Van de Put
2. Financial Outcomes - Zaramella
3. 2024 Outlook - Zaramella
4. Q&A - Van de Put & Zaramella

3

SOLID START TO THE YEAR WITH STRONG PROFIT DELIVERY

1. Solid top-linegrowth with strong pricing execution
2. Continued momentum in Emerging Markets
3. Strong profit dollar growth from effective cost management and pricing
4. Strong free cash flow generation of $1B
5. Continued brand & capabilities investments

4

SOLID START TO THE YEAR WITH STRONG PROFIT DELIVERY

Organic Net	Adjusted Gross	A&C Change	Adjusted	Free Cash Flow
Revenue Growth	Profit Growth1	in Spend1	EPS Growth1

Q1 +4.2% +11.6% +HSD +16.3% $1.0B

2024	Vol/Mix	-2.1pp
	Price	+6.3pp

5 1 At cst FX

MDLZ CORE CATEGORIES CONTINUING TO DEMONSTRATE RESILIENCE

North America	Europe	Emerging Markets
consumer confidence MIXED	consumer confidence STABLE	consumer confidence Strong
Volume	Volume	Volume
Change	Change	Change
L3M	L3M	L3M
-1.1%	+1.0%	+3.3%
US Biscuits	Biscuits & Chocolate	Biscuits & Chocolate
category1	category2	category3

• Volume declines, due to higher elasticities and declines in frequency
• Shift to Online, Club & Dollar
• Increased promo intensity

• Volume growth has slowed, but holding better than broader FMCG
• Optimism about economic outlook
• Higher elasticities & shift to smaller pack-sizes

• Resilient demand & low elasticities, but sensitive on price points
• Strong preference continues for branded products
• Growth of premium offers

1 NielseniQ, NA Cookies & Crackers Volume Data, L3M as per April 26 2024, NR weighted

6 2 NielseniQ, Europe Snacking Monitor (17 countries), Biscuits + Chocolate Category Volume Data, L3M as per April 26 2024, NR weighted;

3 NielseniQ, Key Emerging Markets (20 countries), Biscuits + Chocolate Category Volume Data, L3M as per April 26 2024, NR weighted; China scanner data excluded due to significant channel shifts - tracked and non-tracked channels for China netting to a total volume growth of +LSD in L3M

FOCUS AND ACCELERATE OUR STRATEGIC GROWTH AGENDA

Scale sustainable

snacking

Drive M&A

Expand

distribution

Reinvest

into brands

									2050 net-zero
						Ricolino	targets
						validated by SBTi
			+100k stores	ERP system
			integration in Q1
200 years	added in
emerging markets
Cadbury UK		in Q11

7 1 Internal Sales & Distribution data; directly serviced stores; YTD March 31 2024

STRONG, RESILIENT AND AGILE CHOCOLATE BUSINESS

Chocolate category is growing volume

despite significant pricing

Chocolate Category Growth1

Structurally advantaged

with large growth opportunities

High	Low
private
brand

+3.9% +4.7%

+8.3%

+5.6%

+14.3%+14.1%

+7.3%

loyalty	label	Large EM
	opportunity
Iconic
brand		Big premium/
portfolio
	seasonal
		opportunity
	Playing for
	LT growth

2018

2019

2020

2021

2022

2023

24'YTD

Volume

Price

8 1 Category growth based on Nielsen Global Data, as of April 26 2024 for measured channels in key markets where the company competes. Category growth data for some Emerging Markets has been substituted with MDLZ revenue growth data due to data availability issues (e.g. India).

AGENDA

1. Business & Strategy Update - Van de Put
2. Financial Outcomes - Zaramella
3. 2024 Outlook - Zaramella
4. Q&A - Van de Put & Zaramella

9

SOLID TOP-LINE GROWTH WITH STRONG PRICING EXECUTION IN Q1

Total MDLZ
Organic Net Revenue Growth	Emerging Markets	Developed Markets
	39% of Total MDLZ Revenue1	61% of Total MDLZ Revenue1
Q1 2024	Q1 2024	Q1 2024

+4.2% +8.3%+1.4%

Vol/Mix	Vol/Mix	Vol/Mix
-2.1%	+0.1%	-3.6%

10	1 FY23 net revenues; 2 +7.8% ex-Argentina