Slide 1: Investor Presentation
September 2026 Investor Presentation
Slide 2: Who we are
Our story, by Givaudan Who we are
Slide 3: We are Human by nature
Who we are We are Human by nature Our brand video celebrates our belief in the beauty of the human experience and our connection to nature. Click here to watch 3
Slide 4: Our global presence
Who we are Our global presence Connected > 167 locations globally 77 production with a truly global reach. Operating in every region of the world enables sites globally us to best serve evolving consumer needs across all places and cultures. 65 creation and research centres >17,500 full time employe
Slide 5: What we do
Our story, by Givaudan What we do
Slide 6: What we do - our business activities
What we do - our business activities Evolving customer needs Through creativity, innovation, and collaboration, we’re changing what’s to come and meeting the evolving needs of consumers of today and tomorrow. We’re helping more people to enjoy happier, healthier lives with creations in: Taste & Well
Slide 7: A naturally-hedged portfolio
What we do A naturally-hedged portfolio Customers Products Geography Taste & Wellbeing Sales Employees 49% 37% Savoury 11% 14% 36% Beverages EAME EAME 59% 15% Sweet goods 23% 42% APAC 18% 47% APAC 41% 12% Dairy NOAM NOAM 24% LATAM 21% LATAM Local and Global Regional Fragrance & Beauty Sites 51% 61%
Slide 8: Taste & Wellbeing
Our business activities Taste & Wellbeing Shaping the future of food 8
Slide 9: Developing game-changing innovations
Our business activities – Taste & Wellbeing Developing game-changing innovations We create value-adding Savoury • Ready meals food & beverage • Snacks Dairy solutions that shape • • Soups and sauces Meat and poultry 12% consumers’ taste experiences today and Beverages • Soft drinks tomorrow. • Fruit
Slide 10: Customer-centric growth driven by core strengths
2 Customer-centric growth driven by core strengths Deep consumer understanding, creative excellence and customer proximity Decode consumer Create winning Strengthen partner sensory needs solutions leadership Industry-leading consumer understanding Deep science, technology and creative Deep customer
Slide 11: Capturing the biggest growth opportunities by 2030
Capturing the biggest growth opportunities by 2030 Leveraging core strengths to meet consumer trends and customer needs GROWTH DRIVERS Health Better Affordable Fast growing Sensory consciousness choices convenience segments and maximisation regions CONSUMER NEEDS AND CUSTOMER EXPECTATIONS Health ben
Slide 12: Tailored solutions to capture attractive growth trends
Capturing the biggest growth opportunities by 2030 Tailored solutions to capture attractive growth trends GROWTH DRIVERS Health Better Affordable Fast growing Sensory consciousness choices convenience segments and maximisation regions GIVAUDAN’S DIFFERENTIATED SOLUTIONS • Integrated functional • Tas
Slide 13: Sharpening commercial strategy and execution for further growth opportunities
Sharpening commercial Sharpening commercial strategy strategy and and execution execution for further for further growthgrowth opportunities opportunities
Slide 14: Sharpened focus to unlock growth opportunities
Sharpened focus to unlock growth opportunities Clearly defined growth priorities and commercial execution plans 1 Growth through differentiated 2 Growth through tailored regional 3 Growth from increased share segment strategies strategies in product value focus on customers, channels and geographic
Slide 15: Differentiated segment strategies
Differentiated segment strategies Sharpening commercial focus in each segment 1 Growth through differentiated • Focus on defending high- share segments • Winning in high-growth segment strategies sub-segments Beverages Snacks Dairy Sweet Goods • Expand in selected high value-added adjacencies • Opti
Slide 16: Tailored regional strategies
Tailored regional strategies Focus on customers, channels and geographic reach 2 Growth through tailored regional REGIONALLY TAILORED PLAYBOOK TO UNLOCK GROWTH OPPORTUNITIES Our framework for differentiating regional execution WHERE TO PLAY strategies Segments Geographies Channels Customers focus on
Slide 17: Increased share in product value and recipe
Increased share in product value and recipe Focus on solutions integrating high-value differentiated ingredients 3 Growth from increased share in product value and recipe • Substitute basic ingredients with integrated solutions • Support clean label reformulation • Leverage end-to-end capabilities (
Slide 18: Strengthening the next chapter
Strengthening the next chapter Leverage strengths and sharpen focus to accelerate growth Structural market growth Large, resilient market with accelerating GLP-1, reformulation and natural-colour tailwinds; higher growth concentrated in health, functionality and natural solutions. Demographic shifts
Slide 19: Fragrance & Beauty
Our business activities Fragrance & Beauty Perfume lives and brings beauty to the world 19
Slide 20: Transforming how beauty is made
Our business activities – Fragrance & Beauty Transforming how beauty is made A creative powerhouse, Consumer products • Fabric care Fine we’re the global leader • Personal care Fragrance in Fragrance & Beauty. • Home care • Oral care 23% Fragrance Ingredients & Active Beauty Fragrance Consumer Fine
Slide 21: Changing the face of Fragrance & Beauty
Our business activities – Fragrance & Beauty Changing the face of Fragrance & Beauty Innovative, insightful Fine fragrances Engaging Active Fragrance Consumer Products crafted to appeal Beauty solutions ingredients to • Fabric care • Regional • High-precision biotech ingredients inspire possibilitie
Slide 22: Technologies and unique ingredients
Technologies and unique ingredients Designed to enhance fragrance performance and elevate the wellbeing of consumers Unique ingredients Malodour control Our exclusive portfolio of captive molecules developed We have several mechanisms for odour reduction, by our team of scientists, and are designed
Slide 23: Expanding our leadership
Expanding our leadership Building on today’s strengths across categories Consumer Products Fine Fragrance Active Beauty HOW WE ARE WINNING SHARE • Best-in-class creative talents driving • Highly sought-after creative talents winning • Superior innovation, build on milestone customer wins with custom
Slide 24: Strengthening the next chapter
Strengthening the next chapter Expanding our leadership in Fragrance & Beauty Structural market growth Driven by rising fragrance value perception and higher dosages, sensorial demand of new generations, geographic and channel expansion. Winning in core categories Consumer Products – Lead key catego
Slide 25: How we do it
How we do it Givaudan
Slide 26: Our commitment to customer success
Our commitment to customer success Differentiating solutions Innovation at our core Customer trust We provide solutions that Innovation is essential to our Customers choose us for offer competitive business for delivering our ability to drive advantage for our unique solutions to our meaningful chan
Slide 27: A unique business model driven by our purpose
A unique business model driven by our purpose Creating for happier, healthier lives with love for nature Unique co-creations Research and Winning business High entry barriers with customers Innovation driven • Key supplier in the industry • Differentiating, bespoke, and value- • Strong intellectual
Slide 28: A unique business model driven by our purpose
A unique business model driven by our purpose Creating for happier, healthier lives with love for nature Mastering complexity Sustainability and volatility Compliance and regulation • Ambitious sustainability goals • Strong track record in operational • Enable customers to stay ahead create signific
Slide 29: A research-driven innovation process
A research-driven innovation process Supported by unrivalled capabilities and innovation ~143,800 Products sold per year CHF 551mln R&D spend in 2025, 7.4% of sales 65 Creation and research centres > 5,000 Active patents 2026 - Investor presentation – updated September 2026 29
Slide 30: A research-driven innovation process
A research-driven innovation process From new ingredients to winning co-created products 1 2 3 Ingredient & process discovery Solutions for consumer products Co-creation enablers/Consumer relevant Highly specialised unique ingredients Driving creative design solutions thorough Focused yet expansive
Slide 31: Future-proofing with innovation, technology and excellence
Future-proofing with innovation, technology and excellence FUTURE INTELLIGENCE – CONSUMER INSIGHTS & FORESIGHT Science & Customer Operational Creation Sustainability Technology excellence excellence SUSTAINABLE PURPOSE-DRIVEN GROWTH & VALUE CREATION 2026 - Investor presentation – updated September 2
Slide 32: Digital tools for innovative business processes
Digital tools for innovative business processes Creation Science & Technology Customer excellence Operational excellence Sustainability Augmenting human artistry NextGen Science Solutions for Agile co-creation for tailored Mastering complexity with Resilient supply chains and through AI and technolo
Slide 33: Our history
Our history Value creation through recent acquisitions TASTE & WELLBEING Natural Naturals Health & wellbeing Naturals Flavours Active Beauty Naturals Natural Flavours Naturals Specialty Ingredients Natural Colours Integrated Solutions Flavour & Fragrances 2014 2015 2016 2017 2018 2019 2020 2021 2023
Slide 34: Our Executive Committee
Effective and transparent governance Our Executive Committee Christian Stammkoetter Stewart Harris Maurizio Volpi Antoine Khalil Chief Executive Officer Chief Financial Officer President Fragrance President Taste & › German national › British and Swiss national & Beauty Wellbeing › Appointed in 2026
Slide 35: Our Board of Directors
Effective and transparent governance Our Board of Directors Gilles Andrier Ingrid Deltenre Victor Balli Louie D'Amico Chairman Vice-chairwoman › Swiss national › US national › French national › Dutch & Swiss national › Non-executive › Non-executive › Non-executive › Non-executive › First elected in
Slide 36: 2030 strategy
Our strategy 2030 strategy Driving sustainable growth with customers
Slide 37: 2030 strategy
2030 strategy Deepen geographical presence Strengthen Extend core customer categories and & channel optimise reach portfolio Why Value creation What Driving Our purpose is sustainable 4–6% growth* creating for happier, growth with >12% Adjusted Free healthier lives with love for nature. How customer
Slide 38: Our growth drivers
Our growth drivers Strengthen core Deepen geographical Extend customer & categories and presence channel reach optimise portfolio Prioritise and scale our core Intensify our presence in high growth Deploy regionally tailored playbooks and leading Fragrance and Flavour markets and amplify our investm
Slide 39: Innovating for differentiating solutions
Innovating for differentiating solutions Image Image Leading portfolio Consumer-relevant benefits Differentiating technologies Create iconic solutions that consumers Amplify the emotional benefits of our Develop new sustainable conversion love and that stand the test of time. offerings and continue
Slide 40: Delivering value with excellence and agility
Delivering value with excellence and agility Differentiating Sustainable and competitive Resilient and effective digital solutions operations supply chain Focus our digital initiatives where they Invest in the next generation of operations Equip our supply chain to effectively deliver the most value
Slide 41: Caring for people, nature and communities
Caring for people, nature and communities Image Image Image Belonging together Growing together Safe together Sustainable together Foster inclusion, increase Build winning teams and create Achieve best-in-class Leverage sustainability to win transparency, and simplify personal career growth environm
Slide 42: Why we do it
Our purpose Why we do it
Slide 43: Creating for happier, healthier lives with love for nature
Our purpose Creating for happier, healthier lives with love for nature. Let’s imagine together.
Slide 44: Our purpose ambitions
Our purpose ambitions Creating for happier, healthier lives with love for nature. Let’s imagine together. 2030 Specific future focus Nature Climate: 2045 • We will reduce scope 1+2+3 GHG emissions in line with the Climate: Let’s imagine together that we show our SBTi Net Zero Standard trajectory • W
Slide 45: Bringing our purpose to life: Nature
Bringing our purpose to life Nature Let’s imagine together that we show our love for nature in everything we do Climate Water Waste and plastics Biodiversity We will reach net-zero greenhouse Acting as a role model in water We will reach zero operational waste We will contribute to protecting and ga
Slide 46: Bringing our purpose to life: People
Bringing our purpose to life People Let's imagine together that Givaudan is a place where we all love to be and grow Everyone feels welcome, Caring for health, safety Building the leadership and valued and inspired and wellbeing expertise of all our people Through being a leading employer for divers
Slide 47: Bringing our purpose to life: Communities
Bringing our purpose to life Communities Let's imagine together that all communities benefit by working with Givaudan Doing business with our suppliers Leveraging Givaudan business in a responsible way as a force for good Together with our suppliers we will further embed responsible We will improve
Slide 48: Our performance
Growth and value creation Our performance
Slide 49: Committed to growth and value creation
Our performance Committed to growth and value creation 49
Slide 50: 2025 Strategy targets exceeded
2025 Strategy targets exceeded Sustained performance across multiple strategic cycles Sales growth Comparable EBITDA Free cash flow 2021 - 2025 cycle 6.8% 22.9% 12.5% 2021-2025 2021-2025 2021-2025 Average LFL* sales growth Average comparable EBITDA as % of sales Average FCF** as % of sales 4.9% of s
Slide 51: Non-financial performance
Non-financial performance Key progress and commitments GHG emissions Purchased renewable % of our naturals Women in senior scope 1+2 since 2015 electricity raw material portfolio management Helping us reach our Reaching our 2025 target sourced responsibly1 Making progress on our net zero ambition in
Slide 52: A compelling proposition for investors
Our performance A compelling proposition for investors Givaudan has a historic policy of innovation and acquisition, 5 reasons to invest in Givaudan of creativity, passion and innovation. Our creations are critical to the success 1 of our customer As an industry leader listed on the Swiss Stock Exch
Slide 53: 2026 Half-year results
Sustained solid 2026 Half-year results performance + 3.6% + 2.0% 3,799 Sales growth LFL* Mature markets LFL * “We are pleased with our sustained - 1.7% + 5.2% million CHF solid financial performance in the first half of 2026. Despite ongoing Sales growth in Swiss francs High growth markets LFL * geo
Slide 54: Dividend per share
Dividend per share Increasing 2.9% over 2025, the 25th consecutive increase 67 68 70 72* 62 64 66 58 60 54 56 47 50 36 1,158 1,053 20.6 21.5 22 18.8 19.5 20 17.6 15.4 16.3 920 843 787 811 8.1 720 7 703 6.5 662 604 597 594 549 512 479 437 390 340 273 295 289 262 203 157 145 117 2000 2001 2002 2003 20
Slide 55: Balanced debt structure and continued leverage improvement
Balanced debt structure and continued leverage improvement DEBT MATURITIES NET DEBT TO EBITDA 3.7 3.5 893 3.1 767 2.9 2.9 738 634 2.5 450 464 463 2.3 2.1 169 170 Cash ST < 1 Y 1-2 Y 2-3 Y 3-4 Y 4-5 Y 5-6 Y 6-7 Y 7-8 Y HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 The weighted avera
Slide 56: 2026 Outlook
2026 Outlook Business context • Navigating a volatile geopolitical landscape and uncertain market conditions • Strong natural hedges across product segments, geographies and customer groups 2026 outlook • Strong focus on our customers and on maintaining our supply chain performance at a high level •
Slide 57: For further information
For further information 2025 reporting suite
Slide 58: Where to find more information
Where to find more information Reporting suite givaudan.com/investors 2025 Integrated Report 2025 Governance, Compensation and Financial Report givaudan.com/sustainability 2025 Digital Integrated Report 2026 - Investor presentation – updated September 2026 58
Slide 59: Disclaimer
Disclaimer No warranty and no liability: While Givaudan is making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided on this handout and disclaim any liability fo
Slide 60: Follow us on social media @givaudan
Follow us on social media @givaudan