Sika Ag · SIX:SIKA
Sika — 9M 2026 Earnings Presentation
35 slides from Sika's earnings presentation, Oct 23, 2026
Slide 1: Sika – First Nine Months 2026: Strong Performance
SIKA – FIRST NINE MONTHS 2026 STRONG PERFORMANCE WITH 4.8% SALES GROWTH IN LC Sika Investor Presentation Nine-Month Results 23 October 2026
Slide 2: Agenda
1. Highlights Nine-Months 2026 2. Financial Performance 3. Strategy Execution 4. Business Implementation 5. Outlook
Slide 3: 1. Highlights Nine-Months 2026
1. Highlights Nine-Months 2026
Slide 4: Nine-Months 2026 Highlights
NINE-MONTHS 2026 HIGHLIGHTS 4 LOCAL CURRENCY GROWTH OF 4.8%, GUIDANCE REITERATED Reported sales of Local currency growth of Full-year 2026 guidance CHF 8.71 4.8% reiterated billion Material margin up 40 bps 9M EBITDA increased by Net profit increased by year-on-year to 1.9% to 1.9% to CHF 1.68 CHF 8
Slide 5: Global Growth of 4.8% in Local Currencies
GLOBAL GROWTH OF 4.8% IN LOCAL CURRENCIES 5 LC GROWTH OF 6.2%, EXCLUDING CHINA CONSTRUCTION +4.1 % +8.3% -2.3% +4.8% 3.0 4.1 1.6 8.7 Americas EMEA Asia/Pacific GROUP -0.2 organic growth +1.1% acquisition effect 9M 2025 9M 2026 (in CHF billion, growth in LC) -7.9% currency impact
Slide 6: Sika Is Consistently Gaining Market Share Outgrowing Peers
SIKA IS CONSISTENTLY GAINING MARKET SHARE OUTGROWING PEERS Sika vs Peers, Organic Growth Sika excl. China Construction vs Peers Avg. outperformance: +1.9% per year Avg. outperformance: +2.7% per year 5.0% 5.0% 4.7% 4.0% 2.9% 4.0% 3.0% 3.0% 1.8% 2.0% 1.2% 1.1% 2.0% 1.2% 1.0% 2.1% 1.0% 0.1% 2.1% -0.4%
Slide 7: Actions to Accelerate Profitable Growth: Bolt-on Acquisitions in 2026
ACTIONS TO ACCELERATE PROFITABLE GROWTH 7 BOLT-ON ACQUISITIONS IN 2026 Finja: Closed Akkim: Closed Azpects: Closed Resonac: Signed Leading Swedish Leading manufacturer Leading UK Japan-based adhesive producer of wide range of adhesives and manufacturer of manufacturer, serving of mortars and sealant
Slide 8: Akkim Sales to Double to CHF 440 mn Within Five Years
AKKIM SALES TO DOUBLE TO CHF 440 MN WITHIN FIVE YEARS 8 UNIQUE SIKA STRENGTH TO LEVERAGE AKKIM GROWTH Akkim Sales Expansion ▪ Expanding channel access and leverage complementary Expected to CHF 440 mn product portfolio double sales to x2 ▪ Adding scale and CHF 220 mn distribution reach across geogra
Slide 9: Demand-Driven Investments in Plants and Network
ACTIONS TO ACCELERATE PROFITABLE GROWTH 9 DEMAND-DRIVEN INVESTMENTS IN PLANTS AND NETWORK New national subsidiary in New plant in New Jersey, USA New plant in Belgium Kyrgyzstan Large-scale mortar production Plant and technical center Expanding Sika’s global plant for concrete admixtures network to
Slide 10: 2. Financial Performance
2. Financial Performance
Slide 11: Net Sales Bridge Nine-Months 2026
NET SALES BRIDGE NINE-MONTHS 2026 11 STRONG PERFORMANCE IN A MUTED UNDERLYING MARKET OPERATIONAL FX +6.2% -1.4% +4.8% -3.2% +108.7 -127.2 8’983.3 -271.6 +423.8 +1.6% 8’711.8 8’578.1 9M 2025 (reported) Organic excl. China Acquisitions 9M 2026 adj. in China Construction 9M 2026 adj. in LC FX Impact 9M
Slide 12: Positive Growth Trajectory: LC Growth of 6.1% in Q3 2026
POSITIVE GROWTH TRAJECTORY 12 LOCAL CURRENCY GROWTH OF 6.1% IN Q3 2026 6.1% 1.5% 4.0% 1.1% 1.6% 4.6% -0.5% 2.9% in LC 1.0% 0.6% 1.0% acquisition -1.5% organic in CHF mn H1 2025 H2 2025 H1 2026 Q3 2026 Sales 5,676.4 5,524.9 5,589.8 3,122.0
Slide 13: Strong Performance in the First Nine Months 2026
STRONG PERFORMANCE IN THE FIRST NINE MONTHS 2026 13 RESILIENT MARGIN PROFILE in CHF mn 2025 NS 2026 NS Growth Net sales 8,578.1 100% 8,711.8 100% 1.6% Gross result 4,714.7 55.0% 4,822.0 55.4% 2.3% Personnel expenses -1,620.6 -18.9% -1,616.4 -18.6% -0.3% Other OPEX -1,449.4 -16.9% -1,529.4 -17.6% 5.5
Slide 14: EBITDA Margin Stable at 19.2%
EBITDA MARGIN STABLE AT 19.2% 14 ACTIVE MARGIN MANAGEMENT DELIVERING RESULTS +0.5% +0.2% -0.2% 19.3% 19.2% -0.1% 19.2% -1.0% +0.6% Transportation cost EBITDA 9M 25 Organic Material Non-Mat Cost Fast Forward M&A Synergies Dilution from EBITDA 9M 26 FX Impact EBITDA 9M 26 (reported) Margin Increase Gr
Slide 15: 3. Strategy Execution
3. Strategy Execution
Slide 16: Attractive Fragmented Market: Global Leader in a CHF 100 bn Industry
ATTRACTIVE FRAGMENTED MARKET 16 GLOBAL LEADER IN A CHF 100 BN INDUSTRY Sika Market Share 12% Sika Target Markets 2x size of closest peer Value-add product focus Concrete Waterproofing Roofing Building Finishing 12% ~15% of total sales ~10% of total sales ~15% of total sales ~15% of total sales Floor
Slide 17: Balanced Business Mix
BALANCED BUSINESS MIX 17 DIVERSIFIED EXPOSURE SUPPORTS RESILIENCE SALES SALES 20% 30% 45% 55% RESIDENTIAL INFRASTRUCTURE New Build Refurbishment SALES SALES 35% 15% 41% 59% AUTOMOTIVE & Emerging Markets Mature Markets COMMERCIAL INDUSTRY
Slide 18: Innovation Is Our Sustainable Advantage
INNOVATION IS OUR SUSTAINABLE ADVANTAGE 18 R&D DRIVES DIFFERENTIATION, MARKET SHARE, MARGIN WE INVEST WE CREATE WE DELIVER CHF 280 mn 234 23-25% of sales annual R&D investment new inventions in 2025 alone from products younger than 5 years 1,800+ R&D specialists 5,500+ patents held +3-5 pp material
Slide 19: Fast Forward Drives Productivity & Growth
FAST FORWARD DRIVES PRODUCTIVITY & GROWTH 19 STRUCTURAL SAVINGS AND INVESTMENTS Structural Savings Investments into Growth CHF 108 mn CHF 120-150 mn One-off Costs (2025) Investments (2026-2028) CHF 80-110 mn CHF 70-90 mn Expected Savings (by 2027) Expected Benefits (by 2028)
Slide 20: Fast Forward Structural Adjustments with Strong ROI
FAST FORWARD STRUCTURAL ADJUSTMENTS WITH STRONG ROI 20 UP TO CHF 110 MILLION OF RECURRING SAVINGS BY 2027 CHF Up to 108 mn ~30% CHF 110 mn Supply chain ▪ Further optimize production and supply 2027 chain footprint footprint/ ~70% ▪ Streamline capacity in selected markets portfolio ▪ Simplify product
Slide 21: Fast Forward – Decisive Actions Taken in Weak Markets
FAST FORWARD – DECISIVE ACTIONS TAKEN IN WEAK MARKETS 21 SIMPLIFICATION AND CONSOLIDATION OF FOOTPRINT IN CHINA Footprint rationalization China revenue split ▪ Footprint consolidated in 3 regions: Yangtze River Distribution Delta, Greater Bay Area, Construction Chengdu-Chongqing Direct – Closed 5 ow
Slide 22: Fast Forward Investments Drive Growth and Productivity
22 FAST FORWARD INVESTMENTS DRIVE GROWTH AND PRODUCTIVITY EXTENDING SIKA’S DIGITAL LEADERSHIP CHF CHF 120-150 Million 50% 70-90 mn Investments (2026-2028) 2028 Enhance Supply Accelerate Customer Chain 35% Innovation Value Excellence 2027 15% Foundation Data & AI, Governance, People 2026 Annual Benef
Slide 23: Fast Forward – Scaling Digital and AI Across the Business
FAST FORWARD – INVESTMENTS INTO GROWTH 23 SCALING DIGITAL AND AI ACROSS THE BUSINESS Enhance Customer Value Supply Chain Excellence Accelerate Innovation B2B E-Shop, EPDs, digital sales Connected end-to-end supply Digital lab, Explore new support chain, Digital factory business models DIGITAL INITIA
Slide 24: Fast Forward – Supply Chain Excellence
FAST FORWARD – SUPPLY CHAIN EXCELLENCE 24 DIGITAL FACTORIES FOR SECURE DATA-DRIVEN OPERATIONS Enhancing operations with IT, enabling our shopfloor to run data driven use cases and improve operational 40+ efficiency factories Lower logistics and Reduced Net implemented incl. global key Faster turnove
Slide 25: Fast Forward – Accelerate Innovation – Nuage
FAST FORWARD – ACCELERATE INNOVATION – NUAGE TURNING R&D KNOWLEDGE INTO FASTER TIME-TO-MARKET NUAGE – R&D KNOWLEDGE PLATFORM ▪ Owned by Sika, and connecting all global R&D Knowledge Base activities to share knowledge across Sika 400,000+ R&D data points ▪ Continuously enriching our scientific data w
Slide 26: 4. Business Implementation
4. Business Implementation
Slide 27: Complete Solutions for Energy Infrastructure: Hydro Power
COMPLETE SOLUTIONS FOR ENERGY INFRASTRUCTURE 27 ENABLING ONE OF WORLD’S LARGEST HYDRO POWER SOLUTIONS The Diamer-Basha Dam in Pakistan Sika’s broad portfolio offering delivers Resinous Flooring performance at mega scale for global Anchoring hydro power projects, enhancing durability, resilience, and
Slide 28: Advanced Technologies for Wind Energy
COMPLETE SOLUTIONS FOR ENERGY INFRASTRUCTURE 28 ADVANCED TECHNOLOGIES FOR WIND ENERGY Sika is supplying advanced technologies for the Wind energy market, as the industry seeks Repair solutions more efficient production processes, end-of- Blade protection life blade management and robust foundations.
Slide 29: Complete Solutions for Mining Infrastructure
COMPLETE SOLUTIONS FOR MINING INFRASTRUCTURE 29 DRIVING PERFORMANCE FOR LARGE SCALE OPERATIONS Copper mine in Peru, Ica Sika is supplying advanced concrete technologies for a large-scale copper mining operation that produces 149,000 tons of copper concentrate annually. Sika solves complex infrastruc
Slide 30: Battery Solutions Create CHF 1.2 bn Opportunity by 2030
POSITIONED FOR THE NEXT GENERATION OF MOBILITY 30 BATTERY SOLUTIONS CREATE CHF 1.2 BN OPPORTUNITY BY 2030 ▪ Battery technology is a rapidly evolving segment in mobility with significant market growth ▪ New battery concepts create new material and application requirements ▪ Sika’s broad portfolio del
Slide 31: Sika Purform Technology
SIKA® PURFORM® TECHNOLOGY 31 PATENTED POLYURETHANE PLATFORM Purform® Conventional Polydispersity Purform® technology 10x lower dispersity Intensity (a.u.) Conventional adhesive Viscosity Purform® technology 4x lower viscosity Conventional adhesive Molecular weight M [g/mol] Customer benefits with Pu
Slide 32: Purform Success Story
PURFORM® SUCCESS STORY 32 TRUSTED TECHNOLOGY SOLD GLOBALLY IN ALL REGIONS 3x >250 Trusted by 5 PURFORM® product families contractors, million TRIPLE-DIGIT MILLION CHF tradespeople, driving growth CHF annual ANNUAL sales SALES and distributors Sold globally in all +12% 17 Compound annual growth rate
Slide 33: 5. Outlook
5. Outlook
Slide 34: Outlook 2026: Guidance Reiterated
OUTLOOK 2026 GUIDANCE REITERATED Sales growth in local currencies of EBITDA margin of 3% to 6% 19.0% to 19.5% Sika confirms consensus CHF EBITDA expectations* 2028 medium-term strategic targets for sustainable, profitable growth confirmed * Consensus EBITDA of CHF 2,160 million as of 28 July 2026
Slide 35: Thank You
THANK YOU.