Colgate-Palmolive Company Investor Presentation — February 2018

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Consumer Analyst Group

of New York Conference

February 23, 2018 February 2018

Notice for Investor Presentation

Our presentation and the related webcast contain non -GAAP financial measures, which differ from our reported results prepared

in accordance with U.S. generally accepted accounting principles (GAAP). These non -GAAP financial measures of operating

results, such as gross profit margin and operating profit, exclude items that, either by their nature or amount, management

would not expect to occur as part of the Company’s normal business on a regular basis, such as restructuring charges, charges

for certain litigation and tax matters, gains and losses from certain divestitures and certain unusual, non -recurring items.

We may also refer to organic sales growth, which is Net sales growth excluding the impact of foreign exchange, acquisitions

and divestments, or to free cash flow before dividends, which we define as Net cash provided by operations less Capital

expenditures. A complete, quantitative reconciliation between our reported results and these non -GAAP financial measures

is available in the “Investor Center” section of our website at https://www.colgatepalmolive.com .

Our presentation and the related webcast are integrally related and are intended to be presented and understood together.

In addition, they may contain forward -looking statements (as that term is defined in the U.S. Private Securities Litigation Reform

Act of 1995 or by the Securities and Exchange Commission (the SEC) in its rules, regulations and releases) that set forth

anticipated results based on management’s current plans and assumptions. These statements are made on the basis of our

views and assumptions as of this time and we undertake no obligation to update these statements whether as a result of new

information, future events or otherwise, except as required by law or by the rules and regulations of the SEC. Moreover, we

do not, nor does any other person, assume responsibility for the accuracy and completeness of those statements. We caution

investors that forward -looking statements are not guarantees of future performance and that actual events or results may differ

materially from those statements. For information about factors that could impact the Company’s business and cause actual

results to differ materially from forward -looking statements, refer to the Company’s filings with the SEC (including, but not

limited to, the information set forth under the captions “Risk Factors” and “Cautionary Statement on Forward -Looking