Sensient Technologies Corporation · NYSE:SXT
Sensient Technologies — 2023 Morgan Stanley Virtual Consumer Ingredients Conference
22 slides from Sensient Technologies's conference presentation, May 18, 2023
Slide 1: 2023 Morgan Stanley Conference
2023 Morgan Stanley Conference May 18, 2023 Paul Manning Chairman of the Board, President and Chief Executive Officer
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other facto
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted revenue and adjusted operating income (which exclude divestiture & other related costs, the results of the divested product lines, and restructuring and other costs, whi
Slide 4: Sensient Overview
Sensient Overview
Slide 5: Sensient creates unique solutions using innovative technologies
Sensient creates unique solutions using innovative technologies Provider of customized solutions for the food and beverage, pharmaceutical, and personal care markets Global market leader offering an extensive portfolio of natural flavor and color technology platforms and solutions Exceptional innova
Slide 6: Diversified product portfolio is well positioned for growth
Diversified product portfolio is well positioned for growth Color Group 2022 Revenue: $604M Core Areas of Focus: Food and Pharmaceutical Colors and Personal Care Flavors & Extracts Group 2022 Revenue: $738M Core Areas of Focus: Natural Flavors, Extracts and Natural Ingredients Asia Pacific Group 202
Slide 7: Focus on customer service and delivering innovative technologies resulted in solid 2022 financial performance
Focus on customer service and delivering innovative technologies resulted in solid 2022 financial performance 2022 2022 Local Currency Local Currency Adjusted Revenue* Adjusted Operating Growth Income* Growth Color Group +15.0% +15.1% Flavors & Extracts Group +5.8% +10.3% Asia Pacific Group +14.4% +
Slide 8: Sensient Color Group: The Natural Color Opportunity
Sensient Color Group The Natural Color Opportunity
Slide 9: Color Group delivered 15% local currency adjusted revenue growth in 2022
Color Group delivered 15% local currency adjusted revenue* growth in 2022 Food & Pharmaceutical Food & Pharmaceutical: 73% of 2022 Segment Revenue 2022 Local Currency Adj. Global market leader and natural color innovator Revenue* Change Demand for healthier, cleaner label driving natural color deman
Slide 10: Natural color demand provides growth opportunity for Sensient
Natural color demand provides growth opportunity for Sensient Consumers desire clean, healthy products Natural colors is a large and growing global market Natural color trend provides a long runway for profitable growth Sensient is well positioned for growth with a broad product portfolio and commit
Slide 11: Consumer interest driving positive natural color trends across all markets
Consumer interest driving positive natural color trends across all markets Beverage Bakery Pet Plant- Food Based Meat Dairy Grocery Confection 11
Slide 12: Consumer Interest is Driving Transition to Natural Color Sources
Consumer Interest is Driving Transition to Natural Color Sources Front-of-Pack Product Claims: Beverage Example Which of these product claims are most compelling for you when purchasing beverages? Sensient Online Consumer Research, 2023: General Population, 18+, 1500 respondents No Artificial Flavor
Slide 13: New product launches with natural colors are robust
New product launches with natural colors are robust Healthy, clean label consumer trends are driving market demand for natural color Globally, 80% of new launches use natural color Usage rate of natural color is higher in the end product versus synthetic Regulatory changes also contribute to market
Slide 14: 2022 Estimated Global Food & Beverage Color Market
2022 Estimated Global Food & Beverage Color Market Natural color market is expected to grow at a US Dollars mid-single digit rate Total Market estimate TiO2 $222 $2,695 million* Natural color requires higher usage rate versus synthetic Nature Identical $263 Natural color adoption outside of Europe w
Slide 15: Focused on innovation to solve color and application challenges
Focused on innovation to solve color and application challenges Internal R&D investments are key to solving natural color application challenges like color stability and off-notes Agronomy program strengthens our ability to improve color performance Ongoing R&D and color source development delivers
Slide 16: Sensient's expertise across the value chain unlocks the full potential of natural colors
Sensient’s expertise across the value chain unlocks the full potential of natural colors AGRONOMY EXTRACTION CERTASURE™ INNOVATION APPLICATIONS TECHNOLOGY EXPERTISE Supply Certainty and Improved Performance Food Safety Advanced formulation Dedicated Improved Cost-in-Use and Stability systems and nat
Slide 17: Commitment to providing natural solutions across the color spectrum
Commitment to providing natural solutions across the color spectrum Natural Blue 17
Slide 18: Sensient's commitment to natural colors will provide solid future growth
Sensient’s commitment to natural colors will provide solid future growth Application expertise and ability to leverage our broad portfolio of product technologies are the foundation of our success Natural color demand outpaces other color solutions resulting in outsized growth versus market growth r
Slide 19: Appendix
Appendix* *Amounts in thousands, except percentages
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures 20
Slide 21: Non-GAAP Financial Measures (Cont'd)
Non-GAAP Financial Measures (Cont’d) 21
Slide 22: Non-GAAP Financial Measures (Cont'd)
Non-GAAP Financial Measures (Cont’d) 22
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