Financial information – 5 year review

In millions of CHF (except for data per share and employees)

2019 2018 2017 2016 2015

Results Results
Sales 92 568 91 439 89 590 89 469 88 785 Sales
Underlying Trading operating profit (a) 16 260 15 521 14 771 14 307 14 032 Underlying Trading operating profit (a)
as % of sales 17.6% 17.0% 16.5% 16.0% 15.8% as % of sales
Trading operating profit (a) 13 674 13 789 13 277 13 693 13 382 Trading operating profit (a)
as % of sales 14.8% 15.1% 14.8% 15.3% 15.1% as % of sales
Taxes 3 159 3 439 2 773 4 413 3 305 Taxes
Profit for the year attributable to shareholders of the parent (Net profit) 12 609 10 135 7 156 8 531 9 066 Profit for the year attributable to shareholders of the parent (Net profit)
as % of sales 13.6% 11.1% 8.0% 9.5% 10.2% as % of sales
Total amount of dividend 7 795 (c)
7 230 7 124 7 126 6 937 Total amount of dividend
Depreciation of property, plant and equipment (d) 3 488 3 604 3 560 2 795 2 861 Depreciation of property, plant and equipment (d)
0
Balance sheet and Cash flow statement Balance sheet and Cash flow statement
Current assets 35 663 41 003 31 884 32 042 29 434 Current assets
Non-current assets 92 277 96 012 101 326 99 859 94 558 Non-current assets
Total assets 127 940 137 015 133 210 131 901 123 992 Total assets
Current liabilities 41 615 43 030 38 189 37 517 33 321 Current liabilities
Non-current liabilities 33 463 35 582 32 792 28 403 26 685 Non-current liabilities
Equity attributable to shareholders of the parent 52 035 57 363 60 956 64 590 62 338 Equity attributable to shareholders of the parent
Non-controlling interests 827 1 040 1 273 1 391 1 648 Non-controlling interests
Net financial debt (a) 27 138 30 330 21 369 13 913 15 425 Net financial debt (a)
Ratio of net financial debt to equity (gearing) 52.2% 52.9% 35.1% 21.5% 24.7% Ratio of net financial debt to equity (gearing)
Operating cash flow 15 850 15 398 14 199 15 582 14 302 Operating cash flow
as % of net financial debt 58.4% 50.8% 66.4% 112.0% 92.7% as % of net financial debt
Free cash flow (a) 11 934 10 765 9 358 10 108 9 945 Free cash flow (a)
Capital additions (d) 5 482 14 711 6 569 5 462 4 883 Capital additions (d)
as % of sales 5.9% 16.1% 7.3% 6.1% 5.5% as % of sales
0
Data per share Data per share
Weighted average number of shares outstanding (in millions of units) 2 929 3 014 3 092 3 091 3 129 Weighted average number of shares outstanding (in millions of units)
Basic earnings per share 4.30 3.36 2.31 2.76 2.90 Basic earnings per share
Underlying earnings per share (a) 4.41 4.02 3.55 3.40 3.31 Underlying earnings per share (a)
Dividend 2.70 (c)
2.45 2.35 2.30 2.25 Dividend
Pay-out ratio based on basic earnings per share 62.8% (c)
72.9% 101.7% 83.3% 77.6% Pay-out ratio based on basic earnings per share
Stock prices (high) 113.20 86.50 86.40 80.05 77.00 Stock prices (high)
Stock prices (low) 79.86 72.92 71.45 67.00 64.55 Stock prices (low)
Yield (b) 2.4/3.4 (c)
2.8/3.4 2.7/3.3 2.9/3.4 2.9/3.5 Yield (b)
0
Market capitalization 301 772 237 363 256 223 226 310 229 947 Market capitalization
0
Number of employees (in thousands) 291 308 323 328 335 Number of employees (in thousands)

(a) Certain financial performance measures, that are not defined by IFRS, are used by management to assess the financial and operational performance of the Group. The "Alternative Performance
Measures" document published under https://www.nestle.com/investors/publications provides the definition of these non-IFRS financial performance measures.
(b) Calculated on the basis of the dividend for the year concerned, which is paid in the following year, and on high/low stock prices.
(c) As proposed by the Board of Directors of Nestlé S.A.
(d) Including right-of-use assets - leased since 2017.