Slide 1: Sika – Resilient Performance in First Nine Months
SIKA – RESILIENT PERFORMANCE IN FIRST NINE MONTHS Sika Investor Presentation Nine-Month Results October 24, 2025
Slide 2: Resilient Performance in First Nine Months 2025
RESILIENT PERFORMANCE IN FIRST NINE MONTHS 2 ACQUISITION GROWTH OF 1.1% 1. Nine-month results: resilient despite market weakness in China Sales increase of 1.1% in local currencies in the first nine months despite a double-digit decline in China’s construction business; foreign currency impact of
Slide 3: Nine-Month Results: Resilient Despite Market Weakness in China
NINE-MONTH RESULTS: RESILIENT DESPITE MARKET WEAKNESS IN CHINA
Slide 4: Global Growth of 1.1% in Local Currencies
GLOBAL GROWTH OF 1.1% IN LOCAL CURRENCIES 4 ACQUISITION EFFECT OF 1.1% +2.9 % +2.1% -3.9% +1.1% 3.00 3.83 1.75 8.58 Americas EMEA Asia/Pacific GROUP 9M 2024 9M 2025 (in CHF billion, growth in LC)
Slide 5: Sales in CHF Impacted by Weaker US Dollar
SALES IN CHF IMPACTED BY WEAKER US DOLLAR 5 NINE MONTHS SALES INCREASE IN LC OF 1.1% OPERATIONAL FX +1.1% -4.9% 9’014.6 8’914.9 +95.7 +4.0 -436.5 -3.8% 8’578.1 9M 2024 (reported) Organic Acquisitions 9M 2025 adj. in LC FX Impact 9M 2025 (reported)
Slide 6: Sika Achieves Margin Expansion in First Nine Months
SIKA ACHIEVES MARGIN EXPANSION IN FIRST NINE MONTHS 6 CATCHING UP WITH CASH FLOW in CHF mn 2024 NS 2025 NS Growth Net sales 8,914.9 100% 8,578.1 100% -3.8% Gross result 4,876 54.7% 4,714.7 55.0% -3.3% Personnel expenses -1,625.8 -18.2% -1,620.6 -18.9% -0.3% Other OPEX -1,549.4 -17.4% -1,449.4 -16.9%
Slide 7: Increase in EBITDA Margin
INCREASE IN EBITDA MARGIN 7 ABSOLUTE EBITDA IMPACTED BY HIGH FX EFFECT OPERATIONAL FX +2.4% 1’742.0 +17.4 1’701.7 +22.9 19.3% -97.3 19.1% 1’644.7 19.2% 9M 2024 Organic Acquisitions 9M 2025 adj. in LC FX Impact 9M 2025 (reported) (reported)
Slide 8: EBITDA Margin Increased to 19.2%
EBITDA MARGIN INCREASED TO 19.2% 8 NEGATIVE LEVERAGE OFFSET BY MATERIAL MARGIN & SYNERGIES in CHF mn +0.1% 1,644.7 1,701.7 +0.3% -0.1% 19.2% 19.1% -0.5% +0.4% Incremental Synergies 0.4% EBITDA Sep 24 Organic Material Non-Mat Cost Growth / M&A Synergies FX Impact EBITDA Sep 25 (reported) Margin Incre
Slide 9: Key Investments in Future Growth: Seven New Plants
KEY INVESTMENTS IN FUTURE GROWTH 9 COMMISSIONING OF SEVEN NEW PLANTS SO FAR IN 2025 New plant in Kazakhstan New plants in China Concrete admixtures and mortars Xi'an plant: Tile adhesives, cementitious waterproofing, and flooring solutions New plant in Morocco State-of-the-art production Suzhou
Slide 10: Key Investments in Future Growth: Five Bolt-On Acquisitions
KEY INVESTMENTS IN FUTURE GROWTH 10 FIVE BOLT-ON ACQUISITIONS SO FAR IN 2025 Acquisitions in Singapore, United Kingdom, North America, Investment and Joint Venture in Canada and Qatar and Switzerland Elmich Pte Ltd: Sika and Sulzer: Innovative and Joint venture to advance sustainable green Gulf Addi
Slide 11: MBCC Integration Completed
MBCC INTEGRATION COMPLETED 11 REALIZATION OF INCREASED SYNERGIES ON TRACK Synergy generation with exceptional progress Synergy targets raised by CHF 20 million 200 to 160 220 to 180 125 41 2023 2024 2025 2026 (in CHF million)
Slide 12: Fast Forward Investment and Efficiency Program
FAST FORWARD INVESTMENT AND EFFICIENCY PROGRAM
Slide 13: Sika Launches Strategic Investment Program to Fast Forward Its Industry Leadership
SIKA LAUNCHES STRATEGIC INVESTMENT PROGRAM TO 13 FAST FORWARD ITS INDUSTRY LEADERSHIP Sika is making structural adjustments in ongoing weak markets, such as China, with anticipated one-off costs of CHF 80 to 100 million, incurring in 2025. The measures include a workforce reduction of up to 1,500
Slide 14: Consistent Strategy Execution
CONSISTENT STRATEGY EXECUTION
Slide 15: Competitive Landscape: Sika's Unique Positioning
COMPETITIVE LANDSCAPE 15 SIKA’S UNIQUE POSITIONING AND SELLING PROPOSITION Sika Market Share 12% Sika Target Markets Leading Market Share Exceptional Positioning Concrete Waterproofing Roofing Building Finishing 12% ~15% of total sales ~10% of total sales ~15% of total sales ~20% of total sales Floo
Slide 16: Strategy 2028 – With New Growth Guidance
STRATEGY 2028 – WITH NEW GROWTH GUIDANCE 16 DUE TO REVISED MARKET GROWTH ASSUMPTION
Slide 17: Sika Gaining Market Share in Challenging Markets
SIKA GAINING MARKET SHARE IN CHALLENGING MARKETS 17 OUTGROWING ITS PEERS 2023 – HY 2025 Sika vs Peers, Organic Growth Sika without China Construction vs Peers, Organic Growth Average Organic Growth Average Organic Growth difference per year 2.6% difference per year 2.8% 1.8% 1.5% 1.2% 1.1% 0.6% 0.1%
Slide 18: Balanced Business Mix
BALANCED BUSINESS MIX 18 STRONG CROSS-SELLING IN THE VERTICAL MARKETS SALES SALES 20% 30% RESIDENTIAL INFRASTRUCTURE SALES SALES 35% 15% COMMERCIAL AUTOMOTIVE & INDUSTRY
Slide 19: Global Solutions for Infrastructure and Data Centers
STRONG BUSINESS EXECUTION 19 GLOBAL SOLUTIONS FOR INFRASTRUCTURE AND DATA CENTERS Solutions for Critical Infrastructure Projects Solutions for Data Centers Gordie Howe International M2 Highway, Thames Tideway Bridge, USA and Canada Montenegro Tunnel, UK With a length of 2.5 16 tunnels and 20 95% red
Slide 20: Global Surge in Data Center Construction
DATA CENTERS 20 GLOBAL SURGE IN DATA CENTER CONSTRUCTION Demand for data center capacity is projected to quadruple by 2030 Estimated global investment of North America: CHF 810 billion 1,125 data centers by 2028 EMEA: 245 data centers High costs for IT equipment Asia/Pacific: (quality and protecti
Slide 21: Sika's Peace of Mind Solutions for Data Center Owners
DATA CENTERS 21 SIKA’S “PEACE OF MIND” SOLUTIONS FOR DATA CENTER OWNERS Movement Joints Roofing Systems Fire Protection Waterproofing Concrete Admixtures & Flooring Systems Fibers
Slide 22: Innovation Power: Fibers, Concrete Recycling, Self-healing Membrane
STRONG BUSINESS EXECUTION 22 INNOVATION POWER Sika Fibers Concrete Recycling Self-healing Membrane for Reinforced Concrete for Modern Flat Roofs Higher durability and longer lifecycle A total of 500 million m3 Membrane automatically seals of concrete of fresh concrete discarded every year dama
Slide 23: Innovation Power: Conductive Flooring, Cement-free Tile Adhesives
STRONG BUSINESS EXECUTION 23 INNOVATION POWER Conductive Flooring Systems for Cement-free Tile Adhesives Protection of Sensitive Equipment Sika conductive flooring systems eliminate transfer Quick and easy to apply, increased efficiency on of electrical charge to sensitive electrical and job sit
Slide 24: Sika's M&A Strategy Is Highly Accretive
STRONG BUSINESS EXECUTION 24 SIKA’S M&A STRATEGY IS HIGHLY ACCRETIVE Strong track-record of accretive Synergies drive acquisitions, unlocking substantial multiples down by post-synergy value 4x on average* Historic post-synergy acquisition multiples prove efficient synergy generation, boosting p
Slide 25: High Engagement Score of 86
STRONG BUSINESS EXECUTION 25 HIGH ENGAGEMENT SCORE OF 86 HIGH ENGAGEMENT SCORE OF 86 86 Fueled by strong purpose and confidence in ENGAGEMENT SCORE management and strategy
Slide 26: Outlook
OUTLOOK
Slide 27: Outlook 2025 Business Year and Medium-Term Guidance
OUTLOOK 27 2025 BUSINESS YEAR AND MEDIUM-TERM GUIDANCE Outlook for 2025 Medium-term guidance Sika confirms expectations of modest Sika confirms profitability and increase in local currency sales; cash-flow expectations with EBITDA margin of approximately 20%+ EBITDA margin targeted as of 19% aft
Slide 28: Thank You
THANK YOU.
Slide 29: Forward-Looking Statement
FORWARD-LOOKING STATEMENT 29 This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘expects’, ‘believes’, ‘estimates’, ‘anticipates’, ‘projects’, ‘intends’, ‘should’, ‘seeks’, ‘future’ or similar expressions or by discussio