NESTLE COTE D'IVOIRE

<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">La société NESTLE CI est une société de droit ivoirien créé en 1961 donc totalisant aujourd'hui 65 ans d'existence. Elle a de ce fait prouvé sa résilience au travers de toutes les crises sociales, politiques et économiques que la Côte d'Ivoire a connu depuis les indépendances.</span><span style="font-size:10.5pt;font-family:&quot;Segoe UI&quot;,sans-serif; mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151;mso-fareast-language: FR-CI"><o:p></o:p></span></p> <p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">L'actionnariat de la société se compose comme suit :</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></p><img src="https://fininspectbak.realitlab.com/uploads/media/image-69db6cfe3ed6a.png"><div><br></div><div><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">Pour ce qui est des activités de la société, il faut noter que NESTLE CI a deux grandes typologies de marchés pour vendre ses produits. Il s'agit donc du marché local (en Côte d'Ivoire) et du marché à l'Export (CEDEAO, CEMAC, EUROPE et SADC)</span><span style="font-size:10.5pt;font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family: &quot;Times New Roman&quot;;color:#374151;mso-fareast-language:FR-CI"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">&nbsp;</span><span style="font-size:10.5pt;font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family: &quot;Times New Roman&quot;;color:#374151;mso-fareast-language:FR-CI"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0cm; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> </p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">La ventilation des ventes (CA) sur ces différents marchés se présente comme suit selon le rapport annuel de 2024&nbsp;:<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></p><img src="https://fininspectbak.realitlab.com/uploads/media/image-69db6d8c9bdf8.png"></div><div><br></div><div><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">Pour ce qui est des produits commercialisés par la société, ils peuvent être classifiés en 5 catégories&nbsp;:</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI">Assaisonnement&nbsp;</span></b><span lang="FR" style="font-size: 10.5pt; text-indent: -18pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);">: avec la marque MAGGI leader du marché ivoirien des bouillons grâce à une redynamisation des circuits de distribution et des initiatives de marketing.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI">Café&nbsp;</span></b><span lang="FR" style="font-size: 10.5pt; text-indent: -18pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);">: Avec la marque NESCAFE, leader également du marché de café en CI. Cette niche de produit de NESTLE est soumise aux évolutions du prix de la matière première café sur le marché mondial quant a la maitrise des charges d’exploitation.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI">Produit laitier</span></b><span lang="FR" style="text-indent: -18pt; font-size: 10.5pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);">&nbsp;: la marque NIDO de la société est quant à elle produite aussi bien en sachet qu’en boite métallique (faire attention au prix de matières première rentrant en ligne de compte dans la fabrication de ces boites métalliques)</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI">Produits chocolatiers</span></b><span lang="FR" style="text-indent: -18pt; font-size: 10.5pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);">&nbsp;: avec la marque MILO produite aussi bien en sachets qu’en boites. Ce produit est fait à base de cacao donc ce segment d’activité peut être sensible aux évolutions du prix du cacao sur le marché international en ce qui concerne toujours la maitrise des charges.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI"><br></span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b style="text-indent: -18pt;"><span lang="FR" style="font-size:10.5pt; font-family:&quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;; color:#374151;mso-ansi-language:FR;mso-fareast-language:FR-CI">Produits céréaliers</span></b><span lang="FR" style="text-indent: -18pt; font-size: 10.5pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);">&nbsp;: à travers la marque CERELAC, NESTLE CI intervient dans la nutrition infantile. Ces produits bénéficient d’un large réseau de distribution incluant à l’instar des grandes surfaces, les pharmacies qui assurent également la distribution. Malgré un contrôle des prix par les autorités et une infiltration du marché local par des produits céréalier infantiles des pays limitrophe, NESTLE conserve son leadership sur ce marché en Côte d’Ivoire.&nbsp;</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="text-indent: -18pt; font-size: 10.5pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="FR" style="text-indent: -18pt; font-size: 10.5pt; font-family: &quot;Segoe UI&quot;, sans-serif; color: rgb(55, 65, 81);"><br></span></p> <p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span lang="FR" style="font-size:10.5pt;font-family: &quot;Segoe UI&quot;,sans-serif;mso-fareast-font-family:&quot;Times New Roman&quot;;color:#374151; mso-ansi-language:FR;mso-fareast-language:FR-CI">Quelques déterminants sectoriels du fait de l’activité de NESTLE CI</span></b></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;">Sensibilité (positive ou négative) aux coûts des matières premières (café, cacao, …) dans la maitrise des charges d’exploitation.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;">Sensibilité (positive ou négative) au climat politico-économique de la Côte d’Ivoire car 55% des ventes de la société sont locales.</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;">Sensibilité (positive ou négative) aux droits de douane car la société génère 45% de son chiffre d’affaires (ses ventes) sur ses exportations sur les 4 zones géographiques (CEDEAO, CEMAC, EUROPE et SADC).</span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><br></span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: rgb(55, 65, 81); font-family: &quot;Segoe UI&quot;, sans-serif; font-size: 10.5pt; text-indent: -18pt;"><b><i><u>NB :</u></i></b> <i>Ces données sont les éléments que les analystes de FinInspect ont pu synthétiser. Ce résumé du business de la société peut évoluer en fonction des nouveaux éléments que les équipes jugeront opportuns d'inclure. Ce n'est aucune une sollicitation a une quelconque transaction.&nbsp;</i></span></p></div>