3.

Analyses by segment

3.1 Operating segments

Revenue and results

In millions of CHF
2019

of property, plant and

income/(expenses) (c)
Underlying Trading

restructuring costs
operating profit (b)

Net other trading

and amortization
operating profit

Depreciation
impairment

equipment
of which

of which
Trading
Sales (a)

Zone EMENA 18,834 3,567 3,394 (173) (37) (133) (742)

Zone AMS 33,154 6,998 6,159 (839) (199) (216) (1,047)
Zone AOA 21,602 4,908 3,658 (1,250) (517) (79) (741)
Nestlé Waters 7,821 922 740 (182) (21) (87) (453)
Other businesses (d) 11,157 2,089 2,026 (63) 7 (18) (527)
Unallocated items (e) — (2,224) (2,303) (79) (16) (20) (203)
Total 92,568 16,260 13,674 (2,586) (783) (553) (3,713)

In millions of CHF
2018 *

of property, plant and

income/(expenses) (c)
Underlying Trading

restructuring costs
operating profit (b)

Net other trading

and amortization
operating profit

Depreciation
impairment

equipment
of which

of which
Trading
Sales (a)

Zone EMENA 18,932 3,545 3,206 (339) (41) (250) (769)

Zone AMS 30,975 6,496 6,053 (443) (117) (142) (1,033)
Zone AOA 21,331 4,834 4,482 (352) (215) (70) (771)
Nestlé Waters 7,878 865 683 (182) (54) (96) (435)
Other businesses (d) 12,323 2,036 1,794 (242) (59) (14) (716)
Unallocated items (e) — (2,255) (2,429) (174) (14) (79) (200)
Total 91,439 15,521 13,789 (1,732) (500) (651) (3,924)

* 2018 comparatives adjusted, see Note 1 Accounting policies, Changes in presentation – analyses by segment.
(a) Inter-segment sales are not significant.
(b) Trading operating profit before Net other trading income/(expenses).
(c) Included in Trading operating profit.
(d) Mainly Nespresso, Nestlé Health Science, Nestlé Skin Health (until beginning of October 2019) and in 2018 Gerber Life Insurance.
(e) Refer to the Segment reporting accounting policies above for the definition of unallocated items.

Extract from the Consolidated Financial Statements of the Nestlé Group 2019
3. Analyses by segment (continued)

3.1 Operating segments

Invested capital
and other information

In millions of CHF
2019

non-commercialized
intangible assets (c)

intangible assets (d)

Capital additions
intangible assets
Invested capital

Impairment of

Impairment of
Goodwill and

goodwill and
Zone EMENA 7,227 5,008 (38) — 1,083
Zone AMS 10,158 23,306 (64) (155) 1,804
Zone AOA 4,044 12,027 (575) (565) 862
Nestlé Waters 3,487 1,387 (102) (34) 848
Other businesses (a) 1,781 5,949 — (5) 606
Unallocated items (b) and inter-segment eliminations 1,587 713 — (15) 279
Total 28,284 48,390 (779) (774) 5,482

In millions of CHF

2018

non-commercialized
intangible assets (c)

intangible assets (d)

Capital additions
intangible assets
Invested capital

Impairment of

Impairment of
Goodwill and

goodwill and

Zone EMENA 6,696 5,105 (138) (16) 1,422

Zone AMS 10,051 23,849 (43) (14) 7,356
Zone AOA 4,930 13,258 (297) — 1,103
Nestlé Waters 3,382 1,481 (59) (3) 884
Other businesses (a) 2,792 12,822 (89) (53) 3,593
Unallocated items (b) and inter-segment eliminations 1,572 623 — (36) 353
Total 29,423 57,138 (626) (122) 14,711

(a) Mainly Nespresso, Nestlé Health Science, Nestlé Skin Health (until beginning of October 2019) and in 2018 Gerber Life Insurance.
(b) Refer to the Segment reporting accounting policies above for the definition of unallocated items.
(c) Included in Operating profit.
(d) Included in Trading operating profit.

Extract from the Consolidated Financial Statements of the Nestlé Group 2019
3. Analyses by segment (continued)

3.2 Products
Revenue and results

In millions of CHF
2019

income/(expenses) (b)
Underlying Trading

property, plant and

restructuring costs
operating profit (a)

Net other trading

operating profit

impairment of

equipment
of which

of which
Trading
Sales
Powdered and Liquid Beverages 23,221 5,197 4,701 (496) (180) (63)
Water 7,391 846 667 (179) (21) (85)
Milk products and Ice cream 13,268 2,706 1,678 (1,028) (415) (106)
Nutrition and Health Science 14,990 3,314 3,092 (222) (32) (70)
Prepared dishes and cooking aids 12,188 2,170 1,857 (313) (107) (124)
Confectionery 7,888 1,332 1,241 (91) (18) (47)
PetCare 13,622 2,919 2,741 (178) 6 (38)
Unallocated items (c) — (2,224) (2,303) (79) (16) (20)
Total 92,568 16,260 13,674 (2,586) (783) (553)

In millions of CHF
2018 *

income/(expenses) (b)
Underlying Trading

property, plant and

restructuring costs
operating profit (a)

Net other trading

operating profit

impairment of

equipment
of which

of which
Trading
Sales

Powdered and Liquid Beverages 21,620 4,879 4,553 (326) (108) (100)
Water 7,409 775 603 (172) (49) (92)
Milk products and Ice cream 13,217 2,506 2,397 (109) (21) (42)
Nutrition and Health Science 16,188 3,306 2,795 (511) (239) (79)
Prepared dishes and cooking aids 12,065 2,161 2,029 (132) (27) (83)
Confectionery 8,123 1,391 1,279 (112) (17) (50)
PetCare 12,817 2,758 2,562 (196) (25) (126)
Unallocated items (c) — (2,255) (2,429) (174) (14) (79)
Total 91,439 15,521 13,789 (1,732) (500) (651)

* 2018 comparatives adjusted, see Note 1 Accounting policies, Changes in presentation – analyses by segment.
(a) Trading operating profit before Net other trading income/(expenses).
(b) Included in Trading operating profit.
(c) Refer to the Segment reporting accounting policies above for the definition of unallocated items.

Extract from the Consolidated Financial Statements of the Nestlé Group 2019
3. Analyses by segment (continued)

3.2 Products
Invested capital
and other information

In millions of CHF
2019

non-commercialized
intangible assets (b)

intangible assets (c)

intangible assets
Invested capital

Impairment of

Impairment of
Goodwill and

goodwill and
Powdered and Liquid Beverages 6,223 8,300 (34) (182)
Water 3,342 1,464 (102) (34)
Milk products and Ice cream 3,295 2,818 (33) (394)
Nutrition and Health Science 5,445 23,960 — —
Prepared dishes and cooking aids 3,258 5,345 (10) (4)
Confectionery 2,693 1,242 (595) —
PetCare 4,244 10,202 — (145)
Unallocated items (a) and intra-group eliminations 1,679 2,015 (5) (15)
Total 30,179 55,346 (779) (774)

In millions of CHF
2018

non-commercialized
intangible assets (b)

intangible assets (c)

intangible assets
Invested capital

Impairment of

Impairment of
Goodwill and

Powdered and Liquid Beverages 6,745 4,224 goodwill and (25) (21)
Water 3,199 1,461 (59) (3)
Milk products and Ice cream 3,585 2,886 (22) —
Nutrition and Health Science 6,732 25,762 (89) (39)
Prepared dishes and cooking aids 3,299 5,560 (134) (21)
Confectionery 2,449 1,623 (250) —
PetCare 4,349 10,172 — (2)
Unallocated items (a) and intra-group eliminations 1,916 1,968 (47) (36)
Total 32,274 53,656 (626) (122)

(a) Refer to the Segment reporting accounting policies above for the definition of unallocated items.
(b) Included in Operating profit.
(c) Included in Trading operating profit.

Extract from the Consolidated Financial Statements of the Nestlé Group 2019