Disclaimer: Forward Looking Statements

This presentation/announcement may contain forward looking statements with projections regarding, among other things, the

Group’s strategy, revenues, earnings, trading profit, trading margin, finance costs, tax rate, capital expenditure, dividends, cash

flow, net debt or other financial measures, the impact of foreign exchange fluctuations, the impact of raw material fluctuations

and other competitive pressures. These and other forward looking statements reflect management expectations based on

currently available data.

However, actual results will be influenced by, among other things, macro-economic conditions, food industry supply and

demand issues, foreign exchange fluctuations, raw material and commodity fluctuations, the successful acquisition and

integration of new businesses, the successful execution of business transformation programmes and other, as of today,

unknown factors. Therefore actual results may differ materially from these projections.

These forward looking statements speak only as of the date they were made and the Group undertakes no obligation to

publicly update any forward looking statement, whether as a result of new information, future events or otherwise.

2

Kerry Group at a GlanceUnique Positioning to Deliver on Today and Tomorrow’s Consumer Needs

4Financial Results as of FY2016 | Enterprise Value as of 9 October 2017

79% TASTE & NUTRITION

21% CONSUMER FOODS

24,000EMPLOYEES

130PRODUCTION

LOCATIONS

€16bnENTERPRISE

VALUE

#1PLAYERTASTE &

NUTRITION

€6.1bnREVENUE

CATEGORY LEADER

CONSUMER FOODS

€750mTRADING PROFIT

INNOVATION PARTNER

LEVERAGING CONSUMER

TRENDS86% TASTE & NUTRITION

14% CONSUMER FOODS

Kerry – Leading to Better over the past 45 yearsOur Food & Beverage Heritage

5

1972 1986 1988 1993 1998 2000 2010 2017Kerry Formed

Launch of Kerry Group plc

Acquisition of Beatreme

in USEnter Latin

AmericaEnter

Asia-Pacific

Evolving Technology Platforms

1 Kerry Programme

Global Technology & Innovation Centre

Architecture Complete

Founded in Rich Dairy Heritage – From Food, For Food

Investment in new Technology Platforms

Pioneering Sustainable Approach to Serve Today’s Consumers

DAIRY & SAVOURY INGREDIENTS & FLAVOURS TASTE & NUTRITION

History Financial Performance

6

Revenue 1986-2016 (€m) Trading Profit 1986-2016 (€m)

Adjusted EPS* 1986-2016 (cent) Dividend 1986-2016 (cent)

+17%CAGR

+14%CAGR

+13%CAGR

+10%CAGR

337

6,131

0.48

56.0

7.6

323.4

14

750

Note: * before brand related intangible asset amortisation and non-trading items (net of related tax). From 2011, with 2004 to 2010 re-presented, computer software is treated as a cost in calculating adjusted EPS

Progress vs Current Strategic Plan

7* Assumes neutral currency and raw materials | ** Assumes market growth of 2% - 3% p.a. | *** Includes 100 bps benefit arising from the Kerryconnect project

Adjusted EPS, ROACE & ROAE are calculated before brand related intangible asset amortisation and non-trading items (net of related tax)

Realising Group Targets

Growth

Return

KPI Target (p.a.)*4 Year Performance

2013-2016

Adjusted EPS growth 10%+ +8.4% +9.8%constant currency

Volume growth 3% to 5%** +3.2% ✓

Margin expansion +50bps*** +70bps ✓

ROACE 12%+ 13.8% ✓

ROAE 15%+ 17.7% ✓

CFROI 12%+ 11.5% –

How Kerry is Leading to BetterThrough Our Customers’ Lens, Kerry Offers Way More

8

Integrated Solutions

Multiple Ingredients

Single Ingredient Offering

Value-add

Foundational Technologies

Drivers of Value-add

Culinary & Insights

Development & Applications

Product Process Technologies

Kerry Business Model

9

Development & Applications

Culinary & Insights

Product Process Technologies

Taste & Nutrition Solutions

Authentic Taste

Nutrition, Wellness & Functionality

Retail & Foodservice

Kerry Foresight & InsightConsumer, Customer, Sensory & Analytical, Market and Regulation

Foundational Technologies

Integrated Technology Value Creation Channels & Customers

Kerry Business Model

10

Global & Regional Chains

Channels & Customers

Global & Regional CPG

Emerging/Natural Brands

Global & Regional Retailers (Store Brands)

Kerry Brands

Independent Operators

Brands

Emerging Channels

Pharma

Convenience

Retail

FoodService

Consumer

Authentic TasteDairy, Savoury, Smoke & Grill, Citrus, Tea & Coffee, Beverage & Sweet

Farm ingredients and third party commodities

Foundational Technologies

Nutrition, Wellness & FunctionalityProteins, Fibre, Enzymes, Probiotics, Fermented Ingredients, Texturants

Meat

Dairy

Meals

Snacks

Beverages

Bakery & Confectionery

Cereal & Sweet

Pharma

Product Process Technologies

Development & Applications

Kerry Foresight & InsightConsumer, Customer, Sensory & Analytical, Market and Regulation

Taste & Nutrition Solutions

Culinary & Insights

Integrated Technology Value Creation

Strategic Priorities for Growth

11

Authentic Taste

Nutrition, Wellness &

Functionality

Developing Markets Foodservice

Taste & Nutrition Consumer Foods

Core

Adjacencies

New occasions

New channels

New customers

Group Long Term Targets (2018–2022)On average across the 5 years

12

GrowthVolume Growth Margin Expansion

Taste & Nutrition 4% to 6% p.a. Taste & Nutrition 40 bps p.a.

Consumer Foods 2% to 3% p.a. Consumer Foods 20 bps p.a.

Group 3% to 5% p.a.** Group 30 bps p.a.

**Assumes 2% above market growth rate

Adjusted EPS* +10% p.a.

ReturnsROACE 12%+ Cash conversion >80%

Relative TSR – outperforming peers

*Assumes constant currency I TSR = Total Shareholder Return I Cash conversion is expressed as a percentage of adjusted earnings after tax

Adjusted EPS and ROACE are calculated before brand related intangible asset amortisation and non-trading items (net of related tax)

19%APMEA

28%EUROPE

Taste & Nutrition at a GlanceRevenue %

53%AMERICAS

74%DEVELOPED

26%DEVELOPING

16% Meat

12% Bakery & Confectionery

12% Cereal, Sweet & Other

12% Meals

9% Dairy

7% Snacks

27% Beverages

5% Pharma

TOTAL FOOD

68%

End Use Market

TOTAL FOOD SERVICE

25%

Channel

15% Food Service Chain

8% Food Service Independent Operators

2% Food Service Convenience

75% Retail

Regional View

Developed & Developing View

14* In the new structure

Today Kerry is Positioned to Play Right Across the Global Marketplace

15Source: Kerry Internal Estimates, Euromonitor, RTS Food Trending, MC Allegra, Technomic, Globaldata

Key Insights

• Profound consumer led

food revolution at unprecedented pace

• Highly fragmented

marketplace

• Projected short to

medium term market growth of 1-3%

• Kerry’s Holistic

Business Model

delivering right across all market sectors and

geographies

FOOD€2.2TN

BEVERAGES€2.5TN

FOODSERVICE€3.3TN

Top 10 Globals

Smaller Globals

Regional

Local

Top 10 Globals

Smaller Globals

Regional

Local

Top 10 Globals

Smaller Globals

Regional

Local

Diversified Product Portfolio

16

Product Groups Product Sub-groups Market Position Competitors• Savoury & Dairy Flavour Solutions• Dairy Ingredients• Culinary Sauces• Culinary Ingredients• Snack Seasonings• Meat Coating Systems• Functional Meat Systems

• Enzymes• Fermented Ingredients• Protein Fractions• Prebiotics, Probiotics, & Metabolites• Nutritional Beverages• Nutrition Solutions• Emulsifiers & Texturants

• Sweet Flavours• Confections & Coated Sweets• Sweet Particulates• Chocolate & Compounds• Cereal Shapes & Agglomerates • Baked & Dough Sweet Products• Wet Sweet Systems

• Beverage Flavour Solutions• Sauces & Syrups• Tea & Coffee Concentrates• Beverage Ingredients & Extracts• Creamers & Whips

• Pharma Excipients• Cell Nutrition Proteins• Media Ingredients

Savoury & Dairy

• # 1 in America• # 1 in Europe• # 1 in Rest of World

• # 1 in specialty proteins globally• # 2 in emulsifiers globally

• # 1 in America• # 1 in Europe

• # 1 globally

• We are in 5 of the top ten blockbuster drugs

Cereal & Sweet

Beverage

Functional Ingredients & Nutrition

Pharma

Kerry Taste & Nutrition –Our Unparalleled Go-To-Market Footprint

RD&A Locations & Commercial Hubs64

Regional Technology & Application Centres6

Global Technology & Innovation Centres2

17No. 1 investment in R&D

Naas

Beloit

Campinas

San Juan del Rio

Durban

Shanghai

Singapore

Bangalore

Kerry’s Unique Taste & Nutrition Positioning

18

Pure & Simple

Clean Label; Trusted;

No Artificial Ingredients,

Free From

Authentic & Familiar

Cooking Style; Authentic;

Taste of Time; Ethnic

Pleasure &

Indulgence

New Taste; Fine Dining;

Patisserie and

Coffeehouse Experiences

Fresh & Invigorating

Taste without Compromise;

Fresh; Healthy Halo;

Natural Mood

TasteFree From

Food Intolerance;

Low/No/Reduced Lactose;

Gluten Free; Clean/Cleaner Label

Better For You

Reduced Sugar;

Salt and Fat;

Balanced Choice

Tailored For You

Infant and Toddler; Performance

and Healthcare Nutrition;

Weight Management

Good For You

Protein Fortification; Carbohydrate

Quality; Healthy Lipids;

Micronutrient Fortification;

Naturally Good For You

Nutrition

Strategic Priorities for Growth

19

Nutrition, Wellness &

Functionality

Taste & Nutrition

Authentic Taste FoodserviceDeveloping

Markets

Kerry Business Model – Delivering Above Market Growth Rates

20* On average across the 5 years of the plan

End Use Market

CAGR (%) 2018-2022

4-6%

4-6%

0-2%

4-6%

4-6%

5-7%

5-7%

5-7%

Meat Dairy

Meals

Snacks

Beverages

Bakery & Confectionery

Cereal & Sweet& Other

Pharma

Volume Growth Targets*

Consumer Foods at a Glance

22

Category Brands & Customers Channels

FOOD-TO-GOEVERYDAY FRESH

CONVENIENCE MEALSOLUTIONS

ONLINE

OUT OF HOME

SUPERMARKETS

CONVENIENCE/ HIGH STREET

Diversified Product Portfolio

23

Category Key Products Market Positions

EVERYDAY FRESH(Meat and Dairy)

€10.5bn

CONVENIENCE MEAL SOLUTIONS

€4.3bn

FOOD-TO-GO

€12bn

• #1 Sausage Brand GB and Ireland

• #1 Cooked Meats Brand Ireland

• #1 Dairy Spreads Brand in Ireland

• #1 Cheese Brand in Ireland

• #1 Customer Brand Dairy Spreads in GB

• #1 GB Customer Brand Convenience Meal Solutions

• #1 Kids Cheese Snack Brand in GB

• #1 Meats Snack Brand in GB

No.1position

across our categories

Emerging Leader in

Food-to-go

Strategic Growth Priorities & TargetsOn average volume growth across the 5 years

24

Current Winning Positions

1-2%Grow and outperform in our

No.1 positions

MeatMealsDairy

Core

Future Winning Positions

+10%

Snacking Out of Home Food-to-go Solutions

Expand our footprint into

Adjacencies

New occasions

New channels

New customers

Deep Consumer Insight

Leading Edge Innovation

Market Responsive Teams

25

‘Securing Sustainable Growth’Embedding Sustainability in Our Business

Kerry’s sustainability plan represents a journey of continuous improvement

– an ongoing process and strategy to secure sustainable growth

It offers Kerry Group a framework through which to ensure the long-term development of the organisation by building competitiveness, while at the same time enhancing the quality of life and protecting our natural resources

• Integrated in 1 Kerry strategies and operational activities

• Directed and governed by our Kerry Sustainability Council

• Groupwide time-bound, quantified targets established to measure progress

ENVIRONMENT SUSTAINABILITY

MARKETPLACE SUSTAINABILITY

WORKPLACE SUSTAINABILITY

COMMUNITY SUSTAINABILITY

26SECURING SUSTAINABLE GROWTH

Kerry’s ‘Towards 2020’ Programme

• A comprehensive programme for sustainable growth

• Four critical areas of focus which reflect global concerns and issues of material importance to our shareholders, employees

and suppliers, translated into actions that help direct our day-to-day activities

• Directed by Senior Leadership through the Kerry Sustainability Council, with functional responsibility for implementation

that embeds sustainability within the business

Environment

Climate Change

Resource Efficiency

Waste Reduction

Marketplace

Nutrition and Health

Responsible Sourcing

Product Quality

Workplace

Our People

Business Ethics

Health and Wellbeing

Community

Social Impact

Economic Development

Shared Purpose

27

Groupwide time-bound, quantified targets established to measure progress

Beloit

Campinas

San Juan del RioShanghai

Singapore

Naas

Global and Regional Technology & Innovation Centres

Manufacturing Plants

Sales Offices

Kerry Group Worldwide

28

Manufacturing Footprint

Australia

Belarus

Brazil

Canada

China

Costa Rica

Denmark

France

Germany

Guatemala

India

Indonesia

Ireland

Italy

Malaysia

Mexico

Netherlands

New Zealand

Panama

Philippines

Poland

South Africa

South Korea

Spain

Thailand

Turkey

UK

USA

Serving our customers’ needs everyday

800+ R&D ScientistsWith expertise across all key disciplines in food science and engineering

Note: as at 31-12-2016

Durban

Bangalore

Shareholder Analysis

29

North America 20%

UK 16%

Europe (excluding UK and Ireland) 15%

Rest of World 5%

Ireland 3%

Institutional Analysis

Retail 27%

Kerry Co-operative 14%Institutions 59%

Shares in issue at 30 June 2017: 176,114,006