Danone Unveils Strategic Vision for 2025-2028: Leading the Future of Health and Nutrition

Today, Danone is hosting a Capital Market Event to unveil its mid-term strategy and value creation roadmap for the 2025-2028 period. Building on the strong foundation reestablished over the past two years, Danone's future will be driven by science and innovation, operational excellence, and proactive portfolio management.

Key Strategic Focus Areas:

• Category Pivot: Gradual realignment of focus areas, particularly Protein and Gut Health.
• Business Model Expansion: Accelerating growth in Away-from-home and Medical Nutrition sectors.
• Geographic Footprint: Further expanding its global presence.

Antoine de Saint-Affrique, Chief Executive Officer, remarked:

"The Danone of today is very different from the Danone of two years ago. We now have the right fundamentals in place to transform Danone into a truly science-based, consumer and patient-centric company, with a stronger focus on our unique health-driven mission. The food industry is at a tipping point where health and the role of food in health will become more critical than ever. This positions us to lead in a different world."

Financial Projections: Committed to a long-term value compounding model, Danone aims to consistently deliver attractive returns, expecting:

• Like-for-like net sales growth between +3% and +5% annually for 2025-2028.
• Recurring operating income growth to outpace net sales growth.

This financial guidance is anticipated to enable Danone to achieve a structurally double-digit Return on Invested Capital (ROIC) and progress towards its long-term ambition of generating €3 billion in free cash flow.