Danone // 2020 Universal Registration Document

Overview of activities, risk factors 2.1 Presentation of Danone DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 12 2.1 PRESENTATION OF DANONE ACTIVITIES With its purpose to “bring health through food to as many people as possible”, Danone, a global leader in the food and beverage sector, is structured around the following three Reporting Entities: • EDP (54% of the Company’s sales in 2020); • Specialized Nutrition (31% of the Company’s sales in 2020) which combines the early life nutrition and adult nutrition activities; • Waters (15% of the Company’s sales in 2020). In terms of value, Danone holds the following leadership positions (in the relevant categories and markets): • No. 1 worldwide for fresh dairy products; • No. 1 worldwide for plant-based foods and beverages; • No. 3 worldwide for packaged waters (position in 2019); • No. 2 worldwide for early life nutrition; • No. 1 in Europe for adult nutrition. MAIN MARKETS Danone’s organization is structured around two geographical areas: • Europe and Noram, which represented 57% of the Company’s sales in 2020, with an activity covering all of Danone’s businesses. The main countries in this region are the United States, France, the United Kingdom and Spain; • Rest of the World, which represented 43% of the Company’s sales in 2020: • in Latin America, themain contributors are Mexico, Argentina and Brazil, with all the Company’s activities present in this region; • in the Asia/Pacific region, the leading countries are China and Indonesia thanks to their strong presence in the Waters and Specialized Nutrition Reporting Entities; • in Africa and theMiddle East, the largest markets areMorocco and Turkey, with activity focused mainly on Essential Dairy & Plant-Based and Specialized Nutrition. Top 10 countries in terms of sales Year ended December 31 (in percentage) 2019 2020 United States 19% 21% China 10% 9% France 9% 9% Russia 6% 6% Indonesia 6% 6% United Kingdom 5% 5% Spain 4% 4% Mexico 5% 4% Germany 3% 3% Poland 2% 2% Changes in these rankings from one year to the next also reflect currency fluctuations, especially high volatility in emergingmarkets. Consolidated sales by Reporting Entity (in € millions) EDP Specialized Nutrition Waters 12,823 7,192 3,605 13,408 10,212 Consolidated sales by geographic area (in € millions) Europe and Noram Rest of the World