Givaudan Sa · SIX:GIVN
Givaudan Sa — Investor Presentation (April 2026)
59 slides from Givaudan Sa's investor presentation, April 2026
Slide 1: Investor Presentation April 2026
April 2026 Investor Presentation
Slide 2: Who we are
Our story, by Givaudan Who we are 2
Slide 3: We are Human by nature
Who we are We are Human by nature Our brand video celebrates our belief in the beauty of the human experience and our connection to nature. Click here to watch Click here to watch 3
Slide 4: What we do
Our story, by Givaudan What we do 4
Slide 5: What we do - our business activities
What we do - our business activities Evolving customer needs Through creativity, innovation, and collaboration, we’re changing what’s to come and meeting the evolving needs of consumers of today and tomorrow. We’re helping more people to enjoy happier, healthier lives with creations in: Taste & Well
Slide 6: A naturally-hedged portfolio
What we do A naturally-hedged portfolio Customers Products Geography Taste & Wellbeing Sales Employees 49% 37% Savoury 11% 14% 36% Beverages EAME EAME 59% 15% Sweet goods 23% 42% APAC 18% 47% APAC 41% 12% Dairy NOAM NOAM 24% LATAM 21% LATAM Local and Global Regional Fragrance & Beauty Sites 51% 61%
Slide 7: Taste & Wellbeing
Our business activities Taste & Wellbeing Shaping the future of food 7
Slide 8: Our business activities – Taste & Wellbeing
Our business activities – Taste & Wellbeing Developing game-changing innovations An expanded Savoury • Ready meals portfolio, a market • Snacks Dairy leading position, • • Soups and sauces Meat and poultry 12% and solutions across all consumer needs. Beverages • Soft drinks • Fruit juices • Instant
Slide 9: Taste Sense
Pillar Feel Good Food Experiences Pillar Feel Good Food Experiences Taste Sense Clusters Clusters Taste Collections Taste Essentials Sense Colour Sense Texture Our large collection of global and Highly desirable iconic taste Holistic colouring approach that converts Recognisable, natural texturisers
Slide 10: Nutrition Health
Pillar Does Good Food Experiences Pillar Does Good Food Experiences Nutrition Health Clusters Clusters Nutri Essentials Nutri Taste Solutions Health Essentials Wellness Essentials Desirable nutrients derived Solutions that reduce undesirable Bioactives and clinically proven Botanical ingredients and
Slide 11: A focus on Sense Colour
A focus on Sense Colour Strong complementary fit The best from DDW Highly responsive team of experts The best from Givaudan Best-in-class customer support ecosystem The best together Broadest portfolio in the industry 2026 - Investor presentation – updated April 2026
Slide 12: Our focus areas for innovation
Our focus areas for innovation Enabling the future of food Integrated solutions Savoury Naturals for health, Combine flavours, taste and Plant-based proteins Freshness & authenticity, wellbeing & nutrition extensive palette of high Masking, new natural naturals, flavouring with Ingredients with prov
Slide 13: Fragrance & Beauty
Our business activities Fragrance & Beauty Perfume lives and brings beauty to the world 13
Slide 14: Our business activities – Fragrance & Beauty
Our business activities – Fragrance & Beauty Transforming how beauty is made A creative powerhouse, Consumer products • Fabric care Fine we’re the global leader • Personal care Fragrance in Fragrance & Beauty. • Home care • Oral care 23% Fragrance Ingredients & Active Beauty Fragrance Consumer Fine
Slide 15: Changing the face of Fragrance & Beauty
Our business activities – Fragrance & Beauty Changing the face of Fragrance & Beauty Innovative, insightful Fine fragrances Engaging Active Fragrance Consumer Products crafted to appeal Beauty solutions ingredients to • Fabric care • Regional • High-precision biotech ingredients inspire possibilitie
Slide 16: Technologies and unique ingredients
Technologies and unique ingredients Designed to enhance fragrance performance and elevate the wellbeing of consumers Unique ingredients Malodour control Our exclusive portfolio of captive molecules developed We have several mechanisms for odour reduction, by our team of scientists, and are designed
Slide 17: How we do it
How we do it Givaudan
Slide 18: Our commitment to customer success
Our commitment to customer success Differentiating solutions Innovation at our core Customer trust We provide solutions that Innovation is essential to our Customers choose us for offer competitive business for delivering our ability to drive advantage for our unique solutions to our meaningful chan
Slide 19: A unique business model driven by our purpose
A unique business model driven by our purpose Creating for happier, healthier lives with love for nature Unique co-creations Research and Winning business High entry barriers with customers Innovation driven • Key supplier in the industry • Differentiating, bespoke, and value- • Strong intellectual
Slide 20: A unique business model: mastering complexity
A unique business model driven by our purpose Creating for happier, healthier lives with love for nature Mastering complexity Sustainability and volatility Compliance and regulation • Ambitious sustainability goals • Strong track record in operational • Enable customers to stay ahead create signific
Slide 21: A research-driven innovation process
A research-driven innovation process Supported by unrivalled capabilities and innovation ~143,800 Products sold per year CHF 551mln R&D spend in 2025, 7.4% of sales 65 Creation and research centres > 5,000 Active patents 2026 - Investor presentation – updated April 2026 21
Slide 22: From new ingredients to winning co-created products
A research-driven innovation process From new ingredients to winning co-created products 1 2 3 Ingredient & process discovery Solutions for consumer products Co-creation enablers/Consumer relevant Highly specialised unique ingredients Driving creative design solutions thorough Focused yet expansive
Slide 23: Digital tools for innovative business processes
What we do Digital tools for innovative business processes AI in Consumer and Robotic process Factory 2.0 Traceability creation customer foresight automation Identify how technology can Guarantee traceability of improve the manufacturing products and their constituents, Carto is a collaborative prod
Slide 24: Our history: value creation through recent acquisitions
Our history Value creation through recent acquisitions TASTE & WELLBEING Naturals Naturals Health & wellbeing Active Beauty Natural flavours Naturals Speciality Ingredients Integrated solutions Natural flavours Naturals Flavours & Fragrances Natural colours 2014 2015 2016 2017 2018 2019 2020 2021 20
Slide 25: Givaudan announces EC changes
Givaudan announces EC changes Succession plans and new EC member Succession plans New EC member Chief Executive Officer Head of Givaudan Chief Legal and Compliance Business Solutions & IT Officer Gilles Andrier Christian Stammkoetter Anne Tayac Christina Yeo Fanny Iglesias • Retired as CEO on • Join
Slide 26: Our Executive Committee
Effective and transparent governance Our Executive Committee Christian Stammkoetter Stewart Harris Maurizio Volpi Antoine Khalil Chief Executive Officer Chief Financial Officer President Fragrance President Taste & › German national › British and Swiss national & Beauty Wellbeing › Appointed in 2026
Slide 27: Our Board of Directors
Effective and transparent governance Our Board of Directors Gilles Andrier Ingrid Deltenre Victor Balli Louie D'Amico Chairman Vice-Chair › Swiss national › US national › French national › Dutch and Swiss national › Non-executive › Non-executive › Non-executive › Non-executive › First elected in 201
Slide 28: 2030 strategy
Our strategy 2 0 2 6 - I n v e 2030 strategy s t o r p r e s e n Driving sustainable growth with customers t a t i o n – u p d a t e d A p r i l 2 0 2 6 8
Slide 29: 2030 strategy
2030 strategy Deepen geographical presence Extend Expand customer categories reach and portfolio Why Value creation What Driving Our purpose is sustainable 4–6% growth* creating for happier, growth with >12% free cash flow healthier lives with love for nature. How customers Reaching our 2030 Let’s i
Slide 30: Our growth drivers
Our growth drivers Deepen geographical Expand categories Extend customer reach presence and portfolio Inspire our customers and continue Intensify our presence in high growth Elevate our core capabilities and extending our market reach to fast markets and amplify our investments in selectively expan
Slide 31: Innovating for differentiating solutions
Innovating for differentiating solutions Image Image Leading portfolio Consumer-relevant benefits Differentiating technologies Create iconic solutions that consumers Amplify the emotional benefits of our Develop new sustainable conversion love and that stand the test of time. offerings and continue
Slide 32: Delivering value with excellence and agility
Delivering value with excellence and agility Differentiating Sustainable and competitive Resilient and effective digital solutions operations supply chain Focus our digital initiatives where they Invest in the next generation of operations Equip our supply chain to effectively deliver the most value
Slide 33: Caring for people, nature and communities
Caring for people, nature and communities Image Image Image Belonging together Growing together Safe together Sustainable together Foster inclusion, increase Build winning teams and create Achieve best-in-class Leverage sustainability to win transparency, and simplify personal career growth environm
Slide 34: Why we do it
Our purpose Why we do it
Slide 35: Creating for happier, healthier lives with love for nature
Our purpose Creating for happier, healthier lives with love for nature. Let’s imagine together.
Slide 36: Our purpose ambitions
Our purpose ambitions Creating for happier, healthier lives with love for nature. Let’s imagine together. 2030 Specific future focus Nature Climate: 2045 • We will reduce scope 1+2+3 GHG emissions in line with the Climate: Let’s imagine together that we show our SBTi Net Zero Standard trajectory • W
Slide 37: Bringing our purpose to life: Nature
Bringing our purpose to life Nature Let’s imagine together that we show our love for nature in everything we do Climate Water Waste and plastics Biodiversity We will reach net-zero greenhouse Acting as a role model in water We will reach zero operational waste We will contribute to protecting and ga
Slide 38: Bringing our purpose to life: People
Bringing our purpose to life People Let's imagine together that Givaudan is a place where we all love to be and grow Everyone feels welcome, Caring for health, safety Building the leadership and valued and inspired and wellbeing expertise of all our people Through being a leading employer for divers
Slide 39: Bringing our purpose to life: Communities
Bringing our purpose to life Communities Let's imagine together that all communities benefit by working with Givaudan Doing business with our suppliers Leveraging Givaudan business in a responsible way as a force for good Together with our suppliers we will further embed responsible We will improve
Slide 40: Our performance
Growth and value creation Our performance
Slide 41: Committed to growth and value creation
Our performance Committed to growth and value creation 41
Slide 42: 2025 Strategy targets exceeded
2025 Strategy targets exceeded Sustained performance across multiple strategic cycles Sales growth Comparable EBITDA Free cash flow 2021 - 2025 cycle 6.8% 22.9% 12.5% 2021-2025 2021-2025 2021-2025 Average LFL* sales growth Average comparable EBITDA as % of sales Average FCF** as % of sales 4.9% of s
Slide 43: Non-financial performance
Non-financial performance Key progress and commitments GHG emissions Purchased renewable % of our naturals Women in senior scope 1+2 since 2015 electricity raw material portfolio management Helping us reach our Reaching our 2025 target sourced responsibly1 Making progress on our net zero ambition in
Slide 44: A compelling proposition for investors
Our performance A compelling proposition for investors Givaudan has a historic policy of innovation and acquisition, 5 reasons to invest in Givaudan of creativity, passion and innovation. Our creations are critical to the success 1 of our customer As an industry leader listed on the Swiss Stock Exch
Slide 45: 2025 Full year results: Strong Financial Performance
Strong Financial 2025 Full year results Performance + 5.1% + 2.9% + 24.2% 7,472 Sales growth LFL* Mature markets LFL * EBITDA margin “We are very pleased with our strong + 0.8% + 8.0% + 14.1% million CHF financial performance in 2025, which has been achieved against very strong Sales growth in Swiss
Slide 46: Sales evolution by market
Sales evolution by market Consistent strong performance in high growth markets In CHF million FY 2024 FY 2025 MATURE 3,956 3,799 3,799 million CHF +2.4% LFL* 3,673 3,456 HIGH GROWTH 3,673 million CHF +8.0% LFL* MATURE HIGH GROWTH ______________________________________________________________________
Slide 47: Sales evolution by region
Sales evolution by region All regions contributing to the growth on a LFL* basis In CHF million FY 2024 FY 2025 2,982 3,130 +2.6% +7.0% NOAM EAME 1,821 1,798 1,734 1,712 875 832 +3.6% +5.0% LATAM APAC LATAM APAC NOAM EAME ______________________________________________________________________________
Slide 48: Operating performance: Group
Operating performance Group EBITDA in CHF million 44.1% Gross margin 43.5% Gross margin of 43.5% compared to 44.1% in 2024 in % • due to higher input costs, including global trade tariff impacts 1,765 1,751 EBITDA of CHF 1,751 million compared to CHF 1,765 million in 2024 -0.8% • When measured in lo
Slide 49: Operating performance: Fragrance & Beauty
Operating performance Fragrance & Beauty EBITDA in CHF million EBITDA of CHF 985 million remaining stable in compared to 2024 985 985 • When measured in local currency, the EBITDA of Fragrance & Beauty increased by 4.2% • Acquisition, restructuring and project related costs of CHF 31 million, compar
Slide 50: Operating performance: Taste & Wellbeing
Operating performance Taste & Wellbeing EBITDA in CHF million EBITDA of CHF 766 million decreased from CHF 780 million in 2024 • When measured in local currency, the EBITDA of Taste & Wellbeing 780 766 increased by 4.8% • Expenses of CHF 17 million in relation to the Louisville accident -1.8% • Acqu
Slide 51: Net income
Net income 14.3% of sales In CHF million Income before tax of CHF 1,305 million 1,090 1,071 compared to CHF 1,313 million in 2024, a decrease of -0.7% -1.7% Net income of CHF 1,071 million, or 14.3% of sales versus CHF 1,090 million, or 14.7% of sales in 2024 • Other financial income, net of expense
Slide 52: Free cash flow
Free cash flow Second year exceeding CHF 1 billion In CHF million Free cash flow of CHF 1,053 million compared to CHF 1,158 million in 2024 Free cash flow margin is 14.1% of sales compared to 15.6% in 1,158 2024 1,053 Operating cash flow of CHF 1,512 million compared to CHF 1,625 million in 2024 Tot
Slide 53: Dividend per share
Dividend per share Increasing 2.9% over 2025, the 25th consecutive increase 67 68 70 72* 62 64 66 58 60 54 56 47 50 36 1,158 1,053 20.6 21.5 22 18.8 19.5 20 17.6 15.4 16.3 920 843 787 811 8.1 720 7 703 6.5 662 604 597 594 549 512 479 437 390 340 273 295 289 262 203 157 145 117 2000 2001 2002 2003 20
Slide 54: Balanced debt structure and continued leverage improvement
Balanced debt structure and continued leverage improvement DEBT MATURITIES NET DEBT TO EBITDA 3.7 3.5 893 3.1 767 2.9 2.9 738 634 2.5 450 464 463 2.3 2.1 169 170 Cash ST < 1 Y 1-2 Y 2-3 Y 3-4 Y 4-5 Y 5-6 Y 6-7 Y 7-8 Y HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 The weighted avera
Slide 55: 2026 outlook
2026 outlook Key themes review 2030 strategy 2026 outlook Non-recurring costs • Successfully concluded the 2025 • Navigating in a volatile geopolitical • Acquisition, restructuring and strategic cycle, exceeding our landscape and uncertain market project related expenses of targets and confirming th
Slide 56: For further information
February 2026 January 2025 For further information 2025 reporting suite
Slide 57: Where to find more information
Where to find more information Reporting suite givaudan.com/investors givaudan.com/investors 2025 Integrated Report 2025 Governance, Compensation and Financial Report givaudan.com/sustainability 2025 Digital Integrated Report givaudan.com/sustainability 2025 Digital Integrated Report 2026 - Investor
Slide 58: Disclaimer
Disclaimer No warranty and no liability: While Givaudan is making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided on this handout and disclaim any liability fo
Slide 59: Follow us on social media @givaudan
Follow us on social media @givaudan