Slide 1: Second Quarter 2025 Earnings Call
Sensient Technologies Corporation Second Quarter 2025 Earnings Call July 25, 2025
Slide 2: Non-GAAP Financial Measures
Non-GAAP Financial Measures Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws including under “2025 Financial Outlook”, “Long-Term Outlook”, and “Consolidated Full Year 2025 Outlook”. Such forward-looking statements ar
Slide 4: Quarterly Results and Business Update
Quarterly Results and Business Update
Slide 5: Q2 2025 Consolidated Results
Q2 2025 Consolidated Results 5 (1) See appendix for our GAAP to Non-GAAP reconciliations.
Slide 6: Color Group Performance
Color Group Performance Local Currency Results Commentary 1 Revenue o Strong growth in the quarter driven by new sales wins across the Group Operating Results o Strong operating leverage in the quarter primarily due to volume growth o Adjusted EBITDA Margin1 for the Group was 25.1% in Q2 2025, up 29
Slide 7: Flavors & Extracts Group Performance
Flavors & Extracts Group Performance Local Currency Results Commentary1 Revenue o Strong growth within Flavors, Extracts, and Flavor Ingredients o As previously discussed, lower demand in Natural Ingredients is anticipated to continue throughout 2025 Operating Results o Operating leverage improved i
Slide 8: Asia Pacific Group Performance
Asia Pacific Group Performance Local Currency Results Commentary 1 Revenue o Growth driven by new sales wins across the region Operating Results o Growth driven by volume growth across most of the Group o Adjusted EBITDA Margin1 for the Group was 22.3% in Q2 2025, up 30 bps from Q2 2024 8 (1) See ap
Slide 9: Business Outlook
Business Outlook 1 Consolidated Full Year 2025 Outlook Long-Term Outlook Local Currency Revenue 2 Local Currency Revenue 2 o Growth rate of mid-single-digit o Growth rate of mid-single-digit Local Currency Adjusted EBITDA 2 Local Currency Adjusted EBITDA 2 o Growth rate of high single-digit o Growth
Slide 10: Shifting regulatory environment provides opportunity
Shifting regulatory environment provides opportunity Current Synthetic Color Regulatory Actions – U.S. Food and Beverage * State-wide First State- First Warning wide School Red 3 Ban labels for Synthetic Lunch Ban U.S. Federal West Virginia- Colors Texas- Color Ban West Virginia- Ban- January August
Slide 11: Current State Regulatory Activity
Current State Regulatory Activity 112 Total color-related bills in 2025 58 Active bills that affect food color 6 Active bills prohibiting additives including FD&C dyes in a state Some major consumer packaged food companies have made the decision to proactively announce their intention to fully conve
Slide 12: 2025 Natural Color Highlights
2025 Natural Color Highlights Natural colors specifically created to perform in oil-based, topical, and dry mix Natural Blue heat stable applications solution ✓ Coats dry products Ideal for: Ideal for: ✓ Exceptionally heat and without the use of high- • Processed foods • Beverage – Alcoholic light s
Slide 13: Financial Update and Outlook
Financial Update and Outlook
Slide 14: Q2 2025 Financial Review
Q2 2025 Financial Review Local Currency (dollars in thousands) Q2 2024 Q2 2025 Growth1 Consolidated Commentary: Revenue $ 403,525 $ 414,230 +2.1% o Local currency revenue1 increased 2.1% Operating Income (GAAP) $ 49,657 $ 57,706 Operating Margin 12.3% 13.9% o Q2 2025 results included $3.3 million of
Slide 15: 2025 Cash Flow and Debt Metrics
2025 Cash Flow and Debt Metrics Q2 2024 Q2 2025 Commentary: QTD QTD Cash Flow from Operations $ 43.8 million $ 48.3 million o Cash flow from operating activities was $48.3 million in Q2 2025, which was up 10.2% Capital Expenditures $ 11.8 million $ 21.2 million compared to Q2 2024 due to improved ea
Slide 16: 2025 Financial Outlook
2025 Financial Outlook 1 Metric Current Guidance Prior Guidance 2 Local Currency Revenue Mid-single-digit growth Mid-single-digit growth 2 Local Currency Adjusted EBITDA High single-digit growth Mid-to high single-digit growth 3 Diluted EPS (GAAP) $3.13 to $3.23 $3.13 to $3.23 2 High single-digit to
Slide 17: Sensient
—_—_—"S ~~ SENSIENT™
Slide 18: Appendix
Appendix 1 (1) Amounts in thousands, except percentages and per share amounts.
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Three Months Ended June 30, 2025 2024 % Change Operating income (GAAP) $ 57,706 $ 49,657 16.2% Portfolio Optimization Plan costs – Cost of products sold 1,789 207 Portfolio Optimization Plan costs – Selling and administrative expenses 1,550 1,545 Adjusted operating income
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Three Months Ended June 30, 2025 Foreign Local Exchange Currency (1) Revenue Total Rates Adjustments Adjusted Flavors & Extracts (2.8%) 0.4% N/A (3.2%) Color 6.9% 0.3% N/A 6.6% Asia Pacific 10.8% 3.2% N/A 7.6% Total Revenue 2.7% 0.6% N/A 2.1% Operating Income Flavors & Ex
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Three Months Ended June 30, 2025 Foreign Exchange Revenue Total Rates Local Currency Flavors, Extracts, and Flavor Ingredients 5.2% 0.6% 4.6% Natural Ingredients (17.4%) 0.0% (17.4%) Flavors & Extracts Group (2.8%) 0.4% (3.2%) Food and Pharmaceutical 8.8% (0.1%) 8.9% Pers
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Results by Segment Three Months Ended June 30, Adjusted Adjusted (1) (1) Operating Income 2025 Adjustments 2025 2024 Adjustments 2024 Flavors & Extracts $ 28,506 $ - $ 28,506 $ 26,209 $ - $ 26,209 Color 38,922 - 38,922 31,502 - 31,502 Asia Pacific 8,943 - 8,943 7,880 - 7,
Slide 23: Non-GAAP Financial Measures
Non-GAAP Financial Measures Flavors & Extracts Group Three Months Ended June 30, 2025 2024 Operating Income (GAAP) $ 28,506 $ 26,209 Depreciation and amortization 7,676 7,638 Share-based compensation expense 52 - Adjusted EBITDA $ 36,234 $ 33,847 Segment Revenue $ 203,251 $ 209,213 Operating Income
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures Color Group Three Months Ended June 30, 2025 2024 Operating Income (GAAP) $ 38,922 $ 31,502 Depreciation and amortization 6,062 5,749 Share-based compensation expense 70 - Adjusted EBITDA $ 45,054 $ 37,251 Segment Revenue $ 179,282 $ 167,700 Operating Income Margin (GAAP)
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures Asia Pacific Group Three Months Ended June 30, 2025 2024 Operating Income (GAAP) $ 8,943 $ 7,880 Depreciation and amortization 570 617 Share-based compensation expense 21 - Adjusted EBITDA $ 9,534 $ 8,497 Segment Revenue $ 42,744 $ 38,580 Operating Income Margin (GAAP) 20
Slide 26: Non-GAAP Financial Measures
Non-GAAP Financial Measures Three Months Ended June 30, 2025 2024 % Change Operating Income (GAAP) $ 57,706 $ 49,657 16.2% Depreciation and amortization 15,260 15,016 Share-based compensation expense 3,739 2,916 Portfolio Optimization Plan costs, before tax 3,339 1,752 Adjusted EBITDA $ 80,044 $ 69,
Slide 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures June 30, Debt 2025 2024 Short-term borrowings $ 26,280 $ 26,995 Long-term debt 710,119 634,663 Credit Agreement adjustments(1) (43,393) (18,034) Net Debt $ 693,006 $ 643,624 Operating income (GAAP) $ 203,752 $ 151,657 Depreciation and amortization 60,938 58,955 Share-base