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3. Winning with Consumers:


              3.3 Granola Frame of Reference






          KEY TAKE-OUT

          Granola is proven ability                  Role of Granola in category Development
              to command a 30%

          premium over traditional                           Drive category expansion through
                  RTEC in EM
                                                       recruiting Adult and All family consumers,

                                                         harnessing growth in premium sectors
          The Granola food format
          is effective in recruiting
            adult consumers as it                    Frame of Reference
          offers a more substantial
                and healthy eat
                                                      Available foods, at home or on-the-go, that

          The granola food format                        offer taste and satiety but do not fit my
           works particularly well                          lifestyle and specific energy needs
             across food groups
          including snack bars and
                     biscuits                        Full Potential of Granola in EM



            Granola is eaten with
            yoghurt significantly                    •    Based on opportunities we should
             more often than any                          target to triple our current EM granola
             other cereal format                          business by 2020





                                                                              2020 NSV


                                                                    US$ 400m





                                                                             Granola 300m

                                                                              Snacks 100m
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