Sensient Technologies Corporation · NYSE:SXT
Sensient Technologies — 2025 Baird's Investor Day
31 slides from Sensient Technologies's conference presentation, Aug 13, 2025
Slide 1: 2025 Baird's Investor Day with Sensient Technologies
2025 Baird’s Investor Day with Sensient Technologies August 13, 2025 © Sens ient Technolo gies 2025 sensient.com
Slide 2: Non-GAAP Financial Measures and Forward Looking Statements
Non-GAAP Financial Measures Within this document, the Company reports certain non-GAAP financial measures, including: (1) percentage changes in local currency revenue, which eliminates the effects that result from translating its international operations into U.S. dollars, and (2) adjusted EBITDA an
Slide 3: Sensient Overview
Sensient Overview Paul Manning, Chairman of the Board, President & Chief Executive Officer Tobin Tornehl, Vice President & Chief Financial Officer © Sensient Technologies 2025 sensient.com 3
Slide 4: Who is Sensient?
Who is Sensient? OUR MISSION OUR PURPOSE We bring life We focus on what matters to products most to our customers Our mission is to develop, produce, and supply We utilize our team of experts and portfolio of solutions to partner with our customers to innovative ingredients for food, pharmaceuticals
Slide 5: Who we serve
Who we serve Food & Pharmaceutical A leading provider of customized solutions Personal Care in two key product verticals © Sensient Technologies 2025 sensient.com 5
Slide 6: A global strategic advantage
A global strategic advantage NORTH AMERICA Global HQ Over 4,000 13 sites EUROPE/AFRICA/ ASIA PACIFIC MIDDLE EAST 13 sites 19 sites employees 35+ serving customers in more than 150 manufacturing LATIN AMERICA countries 7 sites facilities and R&D labs in more than 20 countries A leading innovator Top
Slide 7: Our Company evolution over 10 years
Our Company evolution over 10 years Continued Expanded Strategic Shift to natural colors Sold, portfolio and technical offerings divested, or culled over $200 million through internal investments and globally of 2014 revenue from Fragrances, periodic bolt-on acquisitions Inks, fruit prep, display im
Slide 8: Investment Thesis
Investment Thesis Strong Competitive Defensible Global Scale & Position Business Stable & Growing Profitability & Presence Categories Growth • Global leader in several • Sensient’s products • Operations across the • Food and beverages and • We invest in areas that food and beverage constitute a smal
Slide 9: A leading provider of customized solutions
A leading provider of customized solutions for food and beverage, pharmaceutical, and personal care customers Flavors & Extracts Color Group Group Asia Pacific Group 2024 Revenue: $648M 2024 Revenue: $794M 2024 Revenue: $163M Core Areas of Focus: Core Areas of Focus: Core Areas of Focus: Food and Ph
Slide 10: Color Group Overview
Color Group Overview $648M 2024 Adjusted EBITDA Margin 1 22.1% +110 bps YOY 2024 Group Revenue 2024 Local Currency Revenue change by division 1 +7.0% +8.0% 26% Food and Pharmaceutical Personal Care • Market is on the cusp of • Demand for innovative and ~60% converting to natural colors in food and b
Slide 11: Flavors & Extracts Group Overview
Flavors & Extracts Group Overview 2024 Adjusted EBITDA Margin 1 $794M 16.1% +30 bps YOY 2024 Group Revenue 2024 Local Currency Revenue change by division 1 +2.4% +16.6% 36% Flavors, Extracts, Natural and Flavor Ingredients Ingredients • Opportunities to support the trend for natural and healthier •
Slide 12: Asia Pacific Group Overview
Asia Pacific Group Overview 2024 Adjusted EBITDA Margin 1 $163M 22.7% (10) bps YOY 2024 Group Revenue 2024 Local Currency Revenue change 1 +13.0% 29% • Sensient’s sales of flavors and colors for Food and Pharmaceutical are managed on 71% a geographic basis and reported as a separate segment • Manufa
Slide 13: 2025 Financial Outlook
2025 Financial Outlook 1 Guidance as of Prior Guidance Metric July 25, 2025 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 sin
Slide 14: Natural Colors
Natural Colors Paul Manning, Chairman of the Board, President & Chief Executive Officer David Rigg, General Manager, Food Colors US © Sensient Technologies 2025 sensient.com 14
Slide 15: St. Louis Color Headquarters
St. Louis Color Headquarters © Sensient Technologies 2025 sensient.com 15
Slide 16: Natural color demand provides growth opportunity
Natural color demand provides growth opportunity for Sensient Healthy, clean label consumer trends are driving market demand for natural color Globally, approximately 80% of new launches use natural color Usage rate of natural color is higher in the end-product versus synthetic Sensient is well posi
Slide 17: Shifting regulatory environment provides opportunity
Shifting regulatory environment provides opportunity Current Synthetic Color Regulatory Actions – U.S. Food and Beverage Synthetic to Natural Color Conversion • First School Lunch Ban: West Virginia • In the U.S., and selectively throughout Latin America, our o Effective August 2025 synthetic colors
Slide 18: Understanding the supply chain problem
Understanding the supply chain problem Currently, US/Canada represents roughly one third of global natural color market. Because of increased usage rates and cost differentials, we expect that mass conversion will effectively quadruple the US/Canada natural color market and almost double the global
Slide 19: Botanical colorant growing regions
Botanical colorant growing regions RED BEET COCHINEAL SWEET BUTTERFLY SAFFLOWER RED RADISH TURMERIC ANNATTO BLACK PAPRIKA POTATO PEA FLOWER CARROT © Sensient Technologies 2025 sensient.com 19
Slide 20: Pigment maximization in botanical colorants
Pigment maximization in botanical colorants Sensient’s Seed-to-Shelf Framework Seed Breeding Gene Editing Agricultural R&D Primary Extraction • Uniform, high quality, and • Proprietary, designer color • Innovative farming practices • Expeditious extraction and reliable planting material for crops wi
Slide 21: Botanical colorant long-term improvement
Botanical colorant long-term improvement • Sensient is capable of sourcing full raw material requirements. • Strong botanical material resulting from agronomic improvements can reduce cost-in-use long-term. • Long-term improvement in the following areas will take several years: • Seed breeding for c
Slide 22: Today's natural rainbow
Today’s natural rainbow Natural color conversions inherently require a much larger “crayon box”, because the success of natural colors depends on the application, production method, and other factors. FD&C Red 40 FD&C Red 3 FD&C Yellow 6 FD&C Yellow 5 FD&C Green 3 FD&C Blue 1 FD&C Blue 2 Natural Nat
Slide 23: Natural color innovation platforms
Natural color innovation Novel Color Sources Stabilization & Purification Systems platforms New botanical or mineral- based sources for color expand Technologies designed to fortify color performance extend the rainbow. applicability in end products. Particle Size Control Cost-in-Use and Sustainabil
Slide 24: First Plant-Derived Natural Blue
First Plant-Derived Natural Blue The food industry has been looking for natural blue coloring for a long time. Sensient answered the call. Through our investment in our “seed to shelf” agronomy Product highlights: program, we developed higher pigment flower petals. • Overcomes challenges in stabilit
Slide 25: Fills Natural Blue Beverage Category Gap
Fills Natural Blue Beverage Category Gap As conversion becomes a necessity and natural innovation continues to grow, the market demand for a bright natural blue to replace FD&C Blue 1 in beverages is stronger than ever. Sensient developed a unique Product highlights: stabilized spirulina solution to
Slide 26: Appendix
Appendix* *Amounts in thousands, except percentages © Sensient Technologies 2025 sensient.com 26
Slide 27: Non-GAAP financial measures
Non-GAAP financial measures Twelve Months Ended December 31, 2024 Foreign Revenue Total Exchange Rates Local Currency Flavors, Extracts, and Flavor Ingredients 2.4% 0.0% 2.4% Natural Ingredients 16.6% 0.0% 16.6% Flavors & Extracts Group 7.1% 0.0% 7.1% Food and Pharmaceutical 6.4% (0.6%) 7.0% Persona
Slide 28: Non-GAAP financial measures (cont'd)
Non-GAAP financial measures (cont’d) Flavors & Extracts Group Twelve Months Ended December 31, 2024 2023 Operating Income (GAAP) $ 97,094 $ 87,773 Depreciation and amortization 30,437 29,400 Adjusted EBITDA $ 127,531 $ 117,173 Segment Revenue $ 793,698 $ 741,072 Operating Income Margin (GAAP) 12.2%
Slide 29: Non-GAAP financial measures (cont'd)
Non-GAAP financial measures (cont’d) Color Group Twelve Months Ended December 31, 2024 2023 Operating Income (GAAP) $ 119,529 $ 105,370 Depreciation and amortization 23,417 22,294 Adjusted EBITDA $ 142,946 $ 127,664 Segment Revenue $ 647,939 $ 607,959 Operating Income Margin (GAAP) 18.4% 17.3% Adjus
Slide 30: Non-GAAP financial measures (cont'd)
Non-GAAP financial measures (cont’d) Asia Pacific Group Twelve Months Ended December 31, 2024 2023 Operating Income (GAAP) $ 34,458 $ 30,800 Depreciation and amortization 2,472 2,548 Adjusted EBITDA $ 36,930 $ 33,348 Segment Revenue $ 162,525 $ 146,090 Operating Income Margin (GAAP) 21.2% 21.1% Adju
Slide 31: Thank you
Thank you CONTACT INFORMATION Phone: +1 414-347-3827 Email: investor.relations@sensient.com sensient.com © Sensient Technologies 2025 sensient.com