Sika Ag · SIX:SIKA
Sika — Q1 2026 Earnings Presentation
34 slides from Sika's earnings presentation, June 2026
Slide 1: Sika reports Q1 2026 sales of CHF 2.49 billion
SIKA REPORTS Q1 2026 SALES OF CHF 2.49 BILLION EXECUTING PLAN TO ACCELERATE GROWTH Sika Investor Presentation June 2026
Slide 2: Agenda
1. Highlights Q1 2026 2. Strategy Execution 3. Business Implementation 4. Outlook
Slide 3: 1. Highlights Q1 2026
1. Highlights Q1 2026
Slide 4: Q1 2026 sales of CHF 2.49 billion, organic growth of -0.2%
SIKA REPORTS Q1 2026 SALES OF CHF 2.49 BILLION 4 ORGANIC GROWTH OF -0.2% – ACQUISITION EFFECT OF 1.1% • Q1 sales of CHF 2.49 billion; Sika posts sales growth of 0.9% in local currencies (-7.0% in CHF, including foreign currency impact of -7.9%) • Organic growth of -0.2%; acquisition effect of 1.1% •
Slide 5: Global growth of 0.9% in local currencies
GLOBAL GROWTH OF 0.9% IN LOCAL CURRENCIES 5 REGION EMEA WITH GROWTH OF 3.6% IN LOCAL CURRENCY -0.8 % +3.6% -2.2% +0.9% 0.83 1.19 0.47 2.49 Americas EMEA Asia/Pacific GROUP -0.2 organic growth +1.1% acquisition effect Q1 2025 Q1 2026 (in CHF billion, growth in LC) -7.9% currency impact
Slide 6: Sika 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: +2.2% per year Avg. outperformance: +2.8% per year 3.0% 3.0% 1.8% 2.0% 1.2% 1.1% 2.0% 1.2% 1.0% 1.0% 1.0% 0.1% -0.4% -0.2% 0.0% -0.9% 0.0% -0.9% -1.0%
Slide 7: Net sales bridge Q1 2026
NET SALES BRIDGE Q1 2026 7 SALES GROWTH OF 0.9% IN LOCAL CURRENCY OPERATIONAL FX +0.9% -7.9% 2,703 2,678 +30 -6 -213 -7.0% 2,490 Q1 2025 (reported) Organic Acquisitions Q1 2026 adj. in LC FX Impact Q1 2026 (reported)
Slide 8: Net sales growth by region 2026
NET SALES GROWTH BY REGION 2026 8 SALES GROWTH OF 0.9% IN LOCAL CURRENCIES Net Sales EMEA Americas Asia/Pacific Growth in LC +3.6% - 0.8% - 2.2% Organic growth +1.5% - 1.2% - 2.3% Acquisition +2.1% +0.4% +0.1% 17% Currency impact - 5.1% - 10.0% - 10.5% 83% Net Sales (in CHF billion) Construction Acq
Slide 9: Net sales bridge: organic growth impacted by China construction
NET SALES BRIDGE Q1 2026 9 ORGANIC GROWTH IMPACTED BY CHINA CONSTRUCTION OPERATIONAL FX +2.1% 2,735 +0.9 +30 -32 2,703 -7.9% 2,678 +26 -213 -7.0% 2,490 Q1 2025 Organic excl. China Acquisitions Q1 2026 adj. in China Construction Q1 2026 adj. in LC FX Impact Q1 2026 (reported) Construction LC excl. Ch
Slide 10: Demand-driven investments in seven new plants
ACTIONS TO ACCELERATE PROFITABLE GROWTH IN 2026 10 DEMAND-DRIVEN INVESTMENTS IN SEVEN NEW PLANTS New plant in New Jersey, USA New plant in Belgium Large-scale mortar production Plant and technical center plant for concrete admixtures New plant in Bangladesh Concrete admixtures and New plant in Flori
Slide 11: Expanding the global network
ACTIONS TO ACCELERATE PROFITABLE GROWTH IN 2026 11 EXPANDING THE GLOBAL NETWORK New national subsidiary in Kyrgyzstan Expanding Sika’s global network to 103 national subsidiaries
Slide 12: Acquisitions: closing of Finja, signing of Akkim
ACTIONS TO ACCELERATE PROFITABLE GROWTH IN 2026 12 ACQUISITIONS – CLOSING OF FINJA, SIGNING OF AKKIM Finja: Leading Swedish Akkim: Leading producer of wide range manufacturer of of mortars and adhesives and sealants integrated solutions. based in Turkey. Expected to close in Q3. CHF 62 million CHF 2
Slide 13: 2. Strategy Execution
2. Strategy Execution
Slide 14: Sika is standing on a strong foundation
SIKA IS STANDING ON A STRONG FOUNDATION 14 OUTGROWING MARKETS – DRIVING MARGINS Sika is the leader in an attractive, fragmented market Winning share and leading through innovation Near-term cyclical headwinds are dampening construction market activity Accelerating efficiency programs and investing i
Slide 15: Strategy 2028
STRATEGY 2028 15 GAIN SHARE AND OUTGROW THE MARKET, PROFITABILITY *Sika’s growth above market, including bolt-on acquisitions **Once MBCC synergies materialized
Slide 16: Attractive fragmented market
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 ~20% 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: Market penetration: growth vectors
MARKET PENETRATION 18 GROWTH VECTORS TO INCREASE MARKET SHARE Innovation leader Key geographies Go where the money is Multi-channel approach Cross- selling Leveraging strong position
Slide 19: Innovation is our sustainable advantage
INNOVATION IS OUR SUSTAINABLE ADVANTAGE 19 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 20: SikaProof A+ waterproofing membrane system
SIKAPROOF A+ WATERPROOFING MEMBRANE SYSTEM 20 PATENTED INNOVATION GROWING >25% ANNUALLY SikaProof® A+: The only patented, fully-bonded pre- and post- The world’s largest airport applied waterproofing membrane system. For basement and Al Maktoum International Airport, Dubai concrete protection. ▪ App
Slide 21: Patented value-add innovations for data centers
PATENTED VALUE-ADD INNOVATIONS FOR DATA CENTERS 21 THE WORLD’S FASTEST-GROWING INFRASTRUCTURE Self-healing membranes for flat roofs ▪ Self-healing properties prevent water damage to high-value assets ▪ Ensure long-term protection and reduce need for repair Sika fibers for reinforced concrete ▪ Elimi
Slide 22: Value creation through M&A
VALUE CREATION THROUGH M&A 22 M&A CONTRIBUTING TO GROWTH AND PROFITABILITY Pre-synergy multiple (EBITDA) ▪ Strong track record of accretive acquisitions, unlocking substantial post-synergy value Post-synergy multiple (EBITDA) ▪ Historic post-synergy acquisition multiples 4 turns improvement prove ef
Slide 23: Successful MBCC integration
SUCCESSFUL MBCC INTEGRATION 23 DRIVING SIGNIFICANT PROFITABILITY IMPROVEMENT >20.0% 25% Revenue synergies ▪ SG&A ▪ Operations/ 75% Footprint Cost ⁓15.0% synergies ▪ Procurement CHF 182 mn synergies MBCC pre-acquisition EBITDA MBCC 2025 EBITDA* *pro forma
Slide 24: 2025 – Taking action: Fast Forward
2025 – TAKING ACTION 24 HOW SIKA REACTED – FAST FORWARD One-off costs Investments CHF 108 million* CHF 120 – 150 million Benefits < 2-yr payback CHF 150 – 200 million Up to 100% ROI (CHF 80 million in 2026) + share gains *CHF 86.2 million were recognized in EBITDA in 2025
Slide 25: Fast Forward investment to drive share gains
FAST FORWARD INVESTMENT TO DRIVE SHARE GAINS 25 LEANER COST STRUCTURE, DIGITAL LEADERSHIP One-off Costs (CHF mn) Investments (CHF mn) 2026 40% 2027 35% 2025 100% 2028 25% Total costs 108 million* Total investments 120-150 million Expected Benefits (CHF mn) Expected Benefits (CHF mn) 2026 15% 2026 65
Slide 26: Capital allocation policy
CAPITAL ALLOCATION POLICY 26 PRIORITY ON HIGH, LONG-TERM VALUE CREATION 1 Invest in ▪ Capital Expenditures ▪ Organic investment in footprint expansion, capacity, and efficiency ▪ Bolt-on acquisitions create additional the Business ▪ Bolt-on Acquisitions growth platforms and attractive equity returns
Slide 27: 3. Business Implementation
3. Business Implementation
Slide 28: Powering the AI era: Sika's data center advantage
BUSINESS IMPLEMENTATION 28 POWERING THE AI ERA: SIKA’S DATA CENTER ADVANTAGE Demand for data center Roofing capacity is projected to Solar roof quadruple by 2030, with an solutions estimated global investment Flooring of CHF 880 billion by 2028. Solutions for precast concrete Joint sealing Sika solu
Slide 29: From urban growth to underground solutions
BUSINESS IMPLEMENTATION 29 FROM URBAN GROWTH TO UNDERGROUND SOLUTIONS Underground rail lines have become priorities to improve quality of life and sustainability in cities. Rail infrastructure projects expected to reach a value of CHF 2.0 trillion over the next four years. Sika supports global proje
Slide 30: Shaping the ports of the future
BUSINESS IMPLEMENTATION 30 SHAPING THE PORTS OF THE FUTURE Deep seaport under development on the northern coast near Hai Phong Over 80% of all goods traded worldwide travel by sea: global maritime trade will double by 2050. More than CHF 400 billion in port construction projects under way or in plan
Slide 31: Rollout of our successful retail model
BUSINESS IMPLEMENTATION 31 ROLLOUT OF OUR SUCCESSFUL RETAIL MODEL POS in Asia/Pacific, excl. China Retail net sales growth, excl. China 350’000 300’000 +13% >15% CAGR 2023-2025 Expected 250’000 CAGR 2025-2028 200’000 150’000 ▪ Digitalized end-to-end processes 100’000 ▪ Customer loyalty ▪ Service lev
Slide 32: 4. Outlook
4. Outlook
Slide 33: Outlook 2026
OUTLOOK 2026 SIKA EXPECTS LOCAL CURRENCY SALES AND MARGIN GROWTH Sales growth in local currencies of EBITDA margin of 1% to 4% 19.5% to 20.0% In line with company medium-term ambition expected to outperform the market by 3% to 6% in LC * *including bolt-on acquisitions 2028 medium-term strategic tar
Slide 34: Thank you
THANK YOU.