Procter & Gamble: at Deutsche Bank dbAccess Global Consumer Conference (Deutsche Bank 2026 Presentation)

DEUTSCHE BANK

June 3, 2026

REGULATION FD AND G DISCLOSURE

For a full reconciliation, please visit: https://www.pginvestor.com

AGENDA

• Business Results
• Restructuring Update
• Strategy
• Near-term Interventions
• Q&A

RESULTS

ORGANIC SALES GROWTH

FY '20 FY '21 FY '22 FY '23 FY '24 FY '25 FY '26

Q1-Q3

ORGANIC SALES

Q1-Q3 FY '26

Skin & Personal Care Hair Care

Personal Health Care Oral Care

Home Care Grooming Feminine Care Baby Care Fabric Care Family Care

+6%

+5%

+2%

+2%

+2%

+1%

flat flat flat

-2%

GLOBAL MARKET SHARES

TOP 50 Category/

Country Combinations

38

33

30

32

31

29

# Grew/Held Value Share

24

28

26

23

Global share data through Mar 2026

RESULTS

CORE EPS GROWTH

FY '20 FY '21 FY '22 FY '23 FY '24 FY '25 Q1-Q3

FY '26

PRODUCTIVITY RESULTS

per year

FY 2026 GUIDANCE SUMMARY

Core EPS Growth

+0% to +4%

+0% to +4%

85% to 90%

LONG-TERM GROWTH ALGORITHM

Grow Ahead

Organic Sales of the Market

Mid-to-High

Core EPS Single Digits

Share Growth

Improve Margins

Adjusted Free Cash Flow Productivity

Top-Third TSR

RESTRUCTURING UPDATE

ACCELERATING OPPORTUNITIES

2-YEAR NON-CORE RESTRUCTURING

PORTFOLIO CHOICES

SUPPLY CHAIN

ORGANIZATION DESIGN

ACCELERATING OPPORTUNITIES

2-YEAR NON-CORE RESTRUCTURING

PORTFOLIO CHOICES

• Brand Exits

• Select Brand Divestitures

• Potential Market Exits

ACCELERATING OPPORTUNITIES

2-YEAR NON-CORE RESTRUCTURING

SUPPLY CHAIN

• Production Efficiency

• Faster Innovation

• Reliability & Resilience

ACCELERATING OPPORTUNITIES

2-YEAR NON-CORE RESTRUCTURING

ORGANIZATION DESIGN

• Integrated, Faster Decision Making

• Better & Broader Career Opportunities

• Well Rounded End-to-End Leadership Talent

• Up to 7,000 Non-manufacturing Roles (~15%)

TEGY

PORTFOLIO

PERFORMANCE DRIVES BRAND CHOICE

ORGANIZATION

EMPOWERED • AGILE ACCOUNTABLE

SUPERIORITY

TO WIN WITH CONSUMERS

CONSTRUCTIVE DISRUPTION

ACROSS OUR BUSINESS

PRODUCTIVITY

TO FUEL INVESTMENTS

INTEGRATED GROWTH STRA

MEDIA

FRA TION

GMENTA

INFLATION

RETAIL

L E

ANDSCAP

EXTERNAL LANDSCAPE CHANGES

NEAR-TERM INTERVENTIONS

TO ACCELERATE GROWTH

CONSUMER

FIRST

TRANSFORM BRAND BUILDING

HOLISTIC PARTNERSHIPS WITH RETAILERS

STRONGER CORE & BIGGER MORE INNOVATION