Number-one position worldwide in the stable and cash-generative branded food industry; Extensive product portfolio; Extensive geographical diversification; Conservative financial policy; and Superior cash flow generation. Profitability not fully reflective of the group's scale and leading positions worldwide in most categories. The ratings on Switzerland-based Nestlé S.A. and its related entities, the largest player worldwide in the stable and cash-generative branded and packaged food industry, reflect the group's superior business profile and cash flow generation, and the expected further improvement in its financial profile. Nestlé boasts an extremely diversified business portfolio. The group enjoys leading market shares worldwide in a large number of categories, in particular soluble coffee; bottled water; condensed, evaporated, and powdered milk; baby food; ice cream; frozen prepared
