Deutsche Bank Investor Presentation — June 2021

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JAS '18 OND '18 JFM '19 AMJ '19 JAS '19 OND '19 JFM '20 AMJ '20 JAS '20 OND '20 JFM '21RESULTS & MOMENTUM

Organic Sales Growth

JFM ’20 –JFM ‘21Average +5%

JAS ’18 –OND ’19COVID6%17%22%

JFM '19 AMJ '19 JAS '19 OND '19 JFM '20 AMJ '20 JAS '20 OND '20 JFM '21RESULTS & MOMENTUM

Core Earnings Per Share Growth

JFM ’20 –JFM ‘21Average +15%

JFM '19 AMJ '19 JAS '19 OND '19 JFM '20 AMJ '20 JAS '20 OND '20 JFM '21RESULTS & MOMENTUM

Currency Neutral Core Earnings Per Share Growth

JFM ’20 –JFM ‘21Average +20%

JFM '19 AMJ '19 JAS '19 OND '19 JFM '20 AMJ '20 JAS '20 OND '20 JFM '21RESULTS & MOMENTUM

Strong Adjusted Free Cash Flow Productivity

JFM ’20 –JFM ‘21+102%

In quarterly dividend

FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21Dividend per share over time:RETURNING VALUE TO SHAREOWNERS$7.5bn $7.8bn $8.0bn$5.0bn$7.4bn$11.0bn

FY'19 FY'20 FY'21 Estimate

Dividends Share RepurchaseSTRONG CASH RETURN TO SHAREOWNERS

GROWINGHome Care +27%

Skin and Personal Care +6%

Personal Health Care +3%

Baby Care -2%ORGANIC SALES

Pre-COVID JAS ’18 –OND ’19 Average

During -COVID JFM ’20 –JFM ’21 AverageU.S. MARKET SHARES

FY'19 FY'20 FYTD P3M

April 2021GLOBAL MARKET SHARES

Country Combinations

# Grew/Held Value Share FY'16 FY'17 FY'18 FY'19 FY'20 FYTD

MarGlobal P&G Monthly

Value Share vs. Year Ago

FY'16 FY'20 FY'17 FY'19 FY'18 FY'21Representative BasketSpot Price Change

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