Symrise Ag · XETR:SY1
Symrise — Investor Day (November 2024)
87 slides from Symrise's investor day presentation, Nov 19, 2024
Slide 1: Capital Market Day 2024
Capital Market Day 2024 November 19 & 20, 2024 - Holzminden
Slide 2: Meet our executive board team
Introduction Meet our executive board team Today’s presenters — Dr. Jean-Yves Parisot Olaf Klinger Dr. Stephanie Cossmann Walter Ribeiro Chief Executive Officer Chief Financial Officer HR, Legal, Compliance & Taste, Nutrition & Health Sustainability President Capital Market Day 2024 External • Copyr
Slide 3: Symrise Capital Market Day 2024 Overview
Symrise Capital Market Day 2024 Overview Break — 01 02 03 04 Unleash the full Taste, Nutrition & Scent & Care Sustainability beauty of Health “ONE Symrise” Dr. Jean-Yves Parisot Walter Ribeiro Dr. Jean-Yves Parisot Dr. Stephanie Cossmann 05 06 07 08 Digitalization People and values Financials in det
Slide 4: Unleash the full beauty of ONE Symrise
01 Unleash the full beauty of “ONE Symrise” Dr. Jean-Yves Parisot Capital Market Day 2024 4
Slide 5: Symrise today
Unleash the full beauty of “ONE Symrise” Symrise today Our success story in a nutshell — Our purpose €4.7bn +7% 12.5k ~35k ____ Sales L5Y LfL CAGR Symrisers Products Innovate 83 €0.9bn ~6% >6k ~10k Production plants in health, well-being R&D spend & beauty EBITDA1 (19% margin) as % of sales Clients
Slide 6: Key market trends
Unleash the full beauty of “ONE Symrise” Key market trends Well-aligned business portfolio and product offering driven by key megatrends — Humans • Prioritized holistic well-being and preventive health of GenZ expect their CPGs to have • Healthy aging populations – life-span vitality 74% holistic ca
Slide 7: Our geographical vision
Unleash the full beauty of “ONE Symrise” Our geographical vision The global “big picture” as backdrop of our strategic decisions — +3.0% Europe +5.3% ~342m → ~352m | +10m +0.4% ~8.1bn → ~8.5bn |+0.4bn ~925m → ~928m | +3m +4.0% North Middle ~129m → ~135m | +6m America East +3.2% +9.0% ~381m → ~393m |
Slide 8: Moving forward: a reinforced and more balanced Corporate Strategy
Unleash the full beauty of “ONE Symrise” Moving forward: a reinforced and more balanced Corporate Strategy The Symrise success story is the starting point of our new ONE Symrise journey — Until now Tomorrow Symrise Strategy ONE Symrise Strategy GROWTH EFFICIENCY PORTFOLIO Leverage Leverage Active A
Slide 9: Symrise tomorrow: unleashing the full beauty of ONE Symrise
Unleash the full beauty of “ONE Symrise” Symrise tomorrow: unleashing the full beauty of ONE Symrise Focusing on three main priorities — ONE inspiring purpose driven Innovate in health, well-being and beauty, strategy for the entire family’s everyday life GROWTH EFFICIENCY PORTFOLIO 3 strategic pill
Slide 10: Transforming through an active portfolio management
Unleash the full beauty of “ONE Symrise” - PORTFOLIO Transforming through an active portfolio management Differentiated positioning for a holistic approach to “ONE CARE” — We deliver better living through scent We make life taste better and healthier Scent & Care Taste, Nutrition & Health ~€1.8bn (3
Slide 11: Cross-fertilizing for a unique ONE CARE
Unleash the full beauty of “ONE Symrise” - PORTFOLIO Cross-fertilizing for a unique “ONE CARE” Leveraging synergies between S&C and TN&H — Cosmetic Health Active Key product trends in “ONE CARE” holistic health, well-being & Ingredients ` Solutions beauty Deep move from supplements to functional foo
Slide 12: Shaping our Portfolio for profitable growth
Unleash the full beauty of “ONE Symrise” - PORTFOLIO Shaping our Portfolio for profitable growth Accelerating on high-growth, high-margin activities — Accelerate the “ONE CARE” Accelerate in activities Cosmetic Health Active which increase our “ONE CARE” offer Ingredients Solutions Aroma Molecules N
Slide 13: Leverage global scale for delivering a better service
E C ENC Unleash the full beauty of “ONE Symrise” - EFFICIENCY Leverage global scale for delivering a better service Enhancing profitability will fuel improved quality of service to our customers — Upstream focus of the efficiency program: • Functional expert’s networks • Centers of excellence • Dedi
Slide 14: Leverage global scale with our new mindset
E C ENC Unleash the full beauty of “ONE Symrise” - EFFICIENCY Leverage global scale with our new mindset From local business initiatives to a disciplined ONE Symrise execution — Focus of the efficiency program Farm production Raw material Ingredient production Solutions formulation B2B sales & or co
Slide 15: Leverage global scale for better financial performance
E C ENC Unleash the full beauty of “ONE Symrise” - EFFICIENCY Leverage global scale for better financial performance Improve profitability through clearly defined excellence measures across Symrise — Goals Measures Efficiency potentials1 • Deliver embedded cost advantage Sourcing & Leverage our comb
Slide 16: Our growth algorithm
RO Unleash the full beauty of “ONE Symrise” - GROWTH Our growth algorithm Mid-term targets remain valid — 3 organic growth drivers Sales development ✓ Market growth fundamentally driving In €bn / percent growth our sales development and representing ~5% the basis of our strong track record total gro
Slide 17: The power of our ONE innovation ecosystem
RO Unleash the full beauty of “ONE Symrise” - GROWTH he power of our “ONE innovation ecosystem” Differentiating all along the value chain to drive sustainable growth — Winning creation Circularity Consumer insight ◼ Holzminden Lab ◼ Encap: Symcap B ◼ SymVision AI Competencies along ◼ Frostwood ◼ Egg
Slide 18: The power of our ONE innovation ecosystem
RO Unleash the full beauty of “ONE Symrise” - GROWTH he power of our “ONE innovation ecosystem” Differentiating all along the value chain to drive sustainable growth — Circularity Winning creation Consumer insight Natural raw mat. Technology Creation Natural Chemical Bio- Operations Application Chem
Slide 19: M&A and partnerships: key elements of our strategy
RO Unleash the full beauty of “ONE Symrise” - GROWTH M&A and partnerships: key elements of our strategy Strengthen the “CORE” and support the “ONE CARE” acceleration — Historical M&A track-record supporting our growth algorithm in both segments Accelerate the “ONE CARE” Scent & Care Taste, Nutrition
Slide 20: Probi, as a key element in our ONE CARE journey
RO Unleash the full beauty of “ONE Symrise” - GROWTH Probi, as a key element in our “ONE CARE” journey Cash Tender Offer to Minority Shareholders — RATIONALE TERMS OF THE OFFER ▪ Price: SEK 350 per share ▪ Symrise is Probi’s largest shareholder with 69.7% of the shares Unlock Probi’s growth potentia
Slide 21: Our new ONE Symrise journey has started
Unleash the full beauty of “ONE Symrise” Our new “ONE Symrise” journey has started This new Corporate Strategy will enable to better deliver our Business Strategies — ONE Symrise Strategy Business Strategies @Corporate level @Segment level Augmented lavor ouse Creation of a Transformation Office to
Slide 22: We will continue delivering our Business Strategies
Unleash the full beauty of “ONE Symrise” We will continue delivering our Business Strategies Two segments’ market-driven strategies executed with a new “ONE SYM” mindset — Augmented Flavor House BUSINESS SUPPORT FUNCTIONS Capital Market Day 2024 External • Copyright® 2024 22
Slide 23: Taste, Nutrition & Health
02 Taste, Nutrition & Health Capital Market Day 2024 23
Slide 24: Our Taste, Nutrition & Health strategy
Taste, Nutrition & Health Our Taste, Nutrition & Health strategy We make life taste better and healthier — Yesterday: A Traditional Flavor House in the industry Today: An Augmented Flavor House creating extra value along the whole food value chain HEALTH Powerful NUTRITION Augmented Flavor House com
Slide 25: Introduction to Taste, Nutrition & Health
Taste, Nutrition & Health Introduction to Taste, Nutrition & Health Leading positions across markets 73 — % of TN&H Sales # Production locations1 €2.9bn 22% FY23 Sales Average adj. EBITDA margin (FY18-FY23) Food & Beverage Pet Food 1 1 41 32 Culinary, beverages, snacks, Palatability enhancers, added
Slide 26: Robust market dynamics
Taste, Nutrition & Health Robust market dynamics Consistent strong growth delivered by TN&H — +13% 2014 – 2023 average growth +7% for TN&H1 +6% +6% +5% Pet Food market +2% Food & Beverage 4% market2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 -4% Fo
Slide 27: Key megatrends in F&B
Taste, Nutrition & Health – FOOD & BEVERAGE Key megatrends in F&B Naturalness, health and premiumization as driving forces for F&B innovation — Clean labelling & Healthy Premium Purposeful Digitalization natural goodness lifestyle indulgence sustainability ProtiScanTM Code of natureTM Health Active
Slide 28: What sets us apart
Taste, Nutrition & Health – FOOD & BEVERAGE What sets us apart We have unique differentiators in F&B — Innovation Supply chain resilience • Product development expertise combining flavor, natural and health active ingredients • ProtiScanTM: guiding development for complex protein matrix • SymVision
Slide 29: Key megatrends in Pet Food
Taste, Nutrition & Health – PET FOOD Key megatrends in Pet Food Broad humanization trend — Pet population (2024) China 967m USA 187m Brazil Dogs & Cats WW 181m 110m Natural Healthy Premium Emotional 1 goodness lifestyle indulgence discoveries +2.0% Evol.23/24 2 3 Pet food market (2024) USA 30mt Braz
Slide 30: What sets us apart
Taste, Nutrition & Health – PET FOOD What sets us apart We have unique differentiators in Pet Food — Strong market position Manufacturing footprint Innovation The closer, the better • ~90% of pet food manufacturers supplied • “ local” R&D approach worldwide • Worldwide footprint: presence in today’s
Slide 31: Sustaining above market profitable growth
Taste, Nutrition & Health Sustaining above market profitable growth Clear set of priorities in TN&H — GROWTH PORTFOLIO Focus markets GROWTH EFFICIENCY PORTFOLIO Double-down in Health Active Asia, Africa & Middle East – F&B Solutions development for Asia and LatAm – Pet Food F&B and Pet Food Leverage
Slide 32: The Augmented Flavor House is a success
Taste, Nutrition & Health he Augmented lavor ouse is a success… …and will continue driving above-market profitable growth — PORTFOLIO – Promotion of integrated solutions and further expansion of Health Active Solutions portfolio EFFICIENCY – Maximize value leveraging on global scale, asset managemen
Slide 33: Scent & Care
03 Scent & Care Dr. Jean-Yves Parisot Capital Market Day 2024 33
Slide 34: Elevate strategy is in full implementation
Scent & Care Elevate strategy is in full implementation Our four pillars are targeting scale and profitability — CHALLENGER MINDSET ABOVE MARKET GROWTH ————— ————— SUSTAINABILITY ROADMAP TARGETING PROFITABILITY IN THE GROUP MARGIN CORRIDOR Innovation-driven Active portfolio Unique High-performance g
Slide 35: Introduction to Scent & Care
Scent & Care Introduction to Scent & Care Leading positions across divisions 25 — % of S&C Sales # Production locations1 €1.8bn 18% FY23 Sales Average adj. EBITDA margin (FY18-FY23) Fragrances Aroma Molecules Cosmetic Ingredients Pictures of products 1 1 12 6 7 1 Fine Fragrances, Consumer Fragrances
Slide 36: Scent & Care is operating in a growing and sizeable market
Scent & Care Scent & Care is operating in a growing and sizeable market Outperforming the market historically — +8% 2010-2023 Scent & Care +6% organic sales growth average +6% Cosmetic Ingredients Fragrances & +3-4% Fragrance +3% Ingredients 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 202
Slide 37: Key megatrends for Scent & Care
Scent & Care Key megatrends for Scent & Care Capturing key market driving forces — Common industry trends Specific to Scent & Care Clean labelling & Healthy Constant Multi- Sustainability & Digitalization natural goodness lifestyle premiumization functionality greenification Frontrunner in using Pro
Slide 38: Actively managed portfolio
Scent & Care Actively managed portfolio Targeted investments into profitable growth and managing the asset base — S&C | Fragrances | Aroma Molecules | Cosmetic Ingredients Selected investments into profitable growth Cosmetic Ingredient blending Joint Cosmetic Ingredient / Fragrances facility in Indi
Slide 39: Efficiencies are key to driving profitability
Scent & Care Efficiencies are key to driving profitability Continuous operational optimization to restore margins to Group’s target corridor — S&C | Fragrances | Aroma Molecules | Cosmetic Ingredients Backward integration Digitalization Organization >50% +2.000mt Leadership mindset change renewable
Slide 40: Innovation as key differentiating and growth driver
Scent & Care Innovation as key differentiating and growth driver Unique positioning in terms of new product development — S&C | Fragrances | Aroma Molecules | Cosmetic Ingredients Captives Delivery systems Cosmetics... …and Care Selected examples Selected examples Selected examples Selected examples
Slide 41: Elevate is part of our corporate ONE Symrise Strategy
Scent & Care Elevate is part of our corporate ONE Symrise Strategy Priorities aligned to deliver growth and profitability improvements — GROWTH PORTFOLIO GROWTH EFFICIENCY PORTFOLIO Accelerate innovation into Targeted investments into Captives and Fragrances high-growth and technologies Leverage Lev
Slide 42: Key take-aways from our Elevate Update
Scent & Care Key take-aways from our Elevate Update Continue our path to gain scale and drive profitability — PORTFOLIO – Invest in Cosmetic Ingredients and fast-growing profitable Fragrances, maintain asset base of Aroma Molecules EFFICIENCY – Drive efficiency by focusing on raw materials global op
Slide 43: Health Active Solutions and Cosmetic Ingredients towards ONE CARE
Unleash the full beauty of “ONE Symrise” Health Active Solutions and Cosmetic Ingredients… towards “ONE CARE” A unique Symrise ecosystem across TN&H and S&C — Global Nutraceutical Retail Market Decoding trends through AI CAGR 2023-28 €263bn +5.7% +7.8% Presence in distinct go-to-markets 2023 Functio
Slide 44: Break
Break Capital Market Day 2024 November 19 & 20, 2024 - Holzminden
Slide 45: Our ONE Symrise Strategy is based on common fundamentals
Unleash the full beauty of “ONE Symrise” – TRANSFORMATIONAL DRIVERS Our ONE Symrise Strategy is based on common fundamentals Three key transformational drivers to strengthen our foundations — ONE Symrise Strategy Business Strategies @Corporate level @Segment level Augmented lavor ouse A Transformati
Slide 46: Sustainability
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY 04 Sustainability Dr. Stephanie Cossmann Capital Market Day 2024 46
Slide 47: Responsibility is in our nature
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Responsibility is in our nature Holistic ambition is valued and recognized — Leader in sustainability Concrete targets underscore our ambition We care where we are (development 2023 to 2025) Footprint Innovation Empl
Slide 48: Sustainability is an opportunity
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Sustainability is an opportunity We aim to make it a key competitive edge — Societal impact ++ tomorrow Regenerative today Our ambition is Responsible to position ourselves from a “Responsible” Compliant to “Regenera
Slide 49: Symrise's integrated approach
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Symrise’s integrated approach We integrate sustainability along the whole value chain — Raw materials Product development Production Customers Consumers · Conservation of · Efficient use of natural · Use of green · C
Slide 50: Sourcing and biodiversity are an integrated long-term commitment
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Sourcing and biodiversity are an integrated long-term commitment We drive selected initiatives in a joint approach with customers and partners — Backward integration in key raw materials: • Doubling of mint yield imp
Slide 51: Strong progress in product development and operations
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Strong progress in product development and operations Reduction of waste and biodegradability providing an edge in the market — Our specific features make circularity a real competitive advantage FIRST RESULTS NEXT S
Slide 52: Reduction of greenhouse gas emissions
Unleash the full beauty of “ONE Symrise” – Transformational Driver - SUSTAINABILITY Reduction of greenhouse gas emissions Committed to net zero in 2030 (scope 1 & 2) and 2045 (scope 3) respectively — We make sustainability a priority Our commitment and accelerate our efforts Execution of a global lo
Slide 53: Digitalization
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION 05 Digitalization Olaf Klinger Capital Market Day 2024 53
Slide 54: AI adoption and social media
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION AI adoption and social media Key trends impacting our industry and our business — #DIGITALIZATION OF FOOD MANUFACTURERS 50% are expected to adopt • AI assistance AI-driven automation OF CONSUMERS • Preeminence of soc
Slide 55: Strategic IT & digitalization strategy roadmap
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Strategic IT & digitalization strategy roadmap Strengthen foundations, develop new usages to create value & improve efficiency — Growth Efficiency Portfolio Management IT & digitalization strategy Customer Business g
Slide 56: Strategic digital & AI priorities
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Strategic digital & AI priorities Clear digital and AI priorities set to enable our Business Strategy — 1 Scalable Cloud Infrastructure Business prioritized digital & AI initiatives Instill business-driven governance
Slide 57: Strategic IT & digitalization initiatives
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Strategic IT & digitalization initiatives Create a competitive edge and a visible differentiation — Atl@s Platform Hyper-automation Edge Analytics DigiScent A.I. in Content Generation Self-service portfolio Unified d
Slide 58: Deep dive: SymVision AI
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Deep dive: SymVision AITM Be at the “right place” at the “right time” with the “right products” — An AI tool that provides insights on evolving flavor trends around the globe to promote ‘right’ flavor products to our
Slide 59: Deep dive: DigiScent
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Deep dive: DigiScent Explore fragrance portfolio products — A cloud-based tool aimed to explore fragrance portfolio products for small-tier customers & distributors 1. Self-service portfolio exploration 2. Quicker ac
Slide 60: Deep dive: the Houston Program
Unleash the full beauty of “ONE Symrise” – Transformational Driver - DIGITALIZATION Deep dive: the Houston Program Make data supported decisions for sustainability scope 3 compliance — Setting up a carbon footprint calculation tool on product and enterprise level to monitor our footprint towards the
Slide 61: People and values
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES 06 People and values Dr. Stephanie Cossmann Capital Market Day 2024 61
Slide 62: Key figures at a glance
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES Key figures at a glance We care about our people — Young workforce Long tenure at Symrise Low turnover4 One diverse team 16% between 20-29 years 34%1 at least 10 years 13% 90 nationalities 30% between 30-39 years
Slide 63: We are facing new unprecedented demands
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES e are facing new unprecedented demands… …and have solutions aligned with our short and long-term priorities — − Flexible work People’s new − Purpose and meaning aligned with values aspirations − Emotionally intell
Slide 64: Our four newly co-built core values
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES Our four newly co-built core values Common foundation to build ONE Symrise — Shared culture: Symrisers are entrepreneurial, COLLABORATE EMBRACE committed and a family at heart WITH SUSTAINABLE INTENT GROWTH Indivi
Slide 65: ONE HR vision
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES OUR VISION — ONE HR always inspiring more people for sustainable business growth HR powered business: SHORT-TERM PRIORITIES LONG-TERM OBJECTIVES HR ELEVATE HR WITH PREPARE A HARMONIZATION PEOPLE LEADERSHIP ADVANCE
Slide 66: ONE HR
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES ONE HR Harmonize our practices and ensure career as well as leadership development — HR Unlock harmonization People Leadership your development development & standardization true potential Improve our efficiency a
Slide 67: ONE HR: Strategic long-term priorities
Unleash the full beauty of “ONE Symrise” – Transformational Driver – PEOPLE AND VALUES ONE HR Strategic long-term priorities supporting Symrise’s success story — Elevate HR with Prepare a advanced digital future-ready transformation ecosystem Become an agile & open organization Cultivation of a lead
Slide 68: Financials in detail
07 Financials in detail Olaf Klinger Capital Market Day 2024 68
Slide 69: Financial track record
Financials in detail Financial track record Strong track record of resilient growth — Growth and margin track record since IPO Sales and EBITDA in €m EBITDA 23% 21,1% 21,9% 21,5% 20,6% 21,3% margin 21,3% 20,0% 22,0% 21,0% 21,1% 20,0%2 corridor 20,4% 19,8% 19,9% 20,0% 20% 18,0% 19,5% 19,1%3 Sales & E
Slide 70: Growth dynamics
Financials in detail Growth dynamics Organic growth of 11.1% mainly driven by volume increases — Group sales development Scent & Care sales development Taste, Nutrition & Health sales development +8.8% growth excl. hyperinflation impact Double-digit volume Accelerated volume In €m increases across a
Slide 71: Hyperinflation impact on organic growth
Financials in detail Hyperinflation impact on organic growth One-off effect on Q4 organic growth by conversion into reporting currency — Devaluation of Argentine peso.. …leading to a negative Q4 conversion impact… ..reducing FY24 overall growth Illustrative example based on artificial numbers YTD Se
Slide 72: Group profitability
Financials in detail Group profitability Efficiency improvements drive profitability — Change in Gross profit: increased by 13.5% due mainly to COGS growing by in € million FY2023 H1 2023 H1 2024 % 2.1% slower than sales. Slight improvement of material usage Sales 4,730 2,414 2,565 6.3 EBITDA: incre
Slide 73: Working capital and capex
Financials in detail Working capital and capex Clearly defined actions and measures to reach mid-term targets — Net WoC Trade Receivables Inventories Trade Payables Net WoC Capex as % of 39.0% 37.2% 33-35% as % of 4.0% 3.6% ~5.0-5.5% LTM sales sales 1,859 1,815 954 1,024 97 92 1,327 1,229 -423 -439
Slide 74: Business Free Cash Flow (BFCF)
Financials in detail Business Free Cash Flow (BFCF) Strong improvement with expectation now of above 12% — BFCF as % of sales 1 2024 B C of €226m = 8.8% of sales significantly improved vs. PY 16.0% (H1 2023: €106m = 4.4% of sales) 14.1% 12.7% 11.7% Strong operating performance 8,8% Slight decrease i
Slide 75: Symrise efficiency program
Financials in detail Symrise efficiency program Total identified saving potential of €50m for FY 2024 against budget — 2024 dedicated initiatives First lasting efficiencies out of ONE SYM program − Implemented a cost-conscious culture − Executed hiring freeze − Consolidation of expertise − Thorough
Slide 76: Outlook 2024
Financials in detail Outlook 2024 Increased guidance on 2024 targets — Corporate view Business environment fully intact with Organic growth Profitability Business Free Cash Flow EBITDA margin % of sales high industry dynamics Taste, Nutrition & Health Building competencies towards complementary busi
Slide 77: Reminder: continuing the Symrise success story
Financials in detail Reminder: continuing the Symrise success story ONE SYM strategy as key enabler for the future — Until now Tomorrow Symrise Strategy ONE Symrise Strategy Innovate in health, wellbeing and beauty, for the entire family’s everyday life GROWTH EFFICIENCY PORTFOLIO Leverage Leverage
Slide 78: Group sales
Financials in detail Group sales Targeting organic growth of 5-7% p.a. until 2028 — 3 organic growth drivers Sales development ✓ Market growth fundamentally driving In €bn / percent growth our sales development and representing ~5% the basis of our strong track record total growth +5-7% organic grow
Slide 79: Group EBITDA
Financials in detail Group EBITDA Continuous efforts to improve EBITDA margin to upper end of margin corridor — EBITDA margin Sourcing & procurement measures aimed In percent at realizing economies of scale 21 – 23% Global asset management to optimize our global factories, warehouses and facilities
Slide 80: Business free cash flow
Financials in detail Business free cash flow Bringing it all together, our cash flow will be >14% sales — BFCF as percentage of sales Improved working capital levels through streamlined portfolio and enhanced logistics >14.0% >12,0% 11.7% Increased capex efficiency through optimized footprint and en
Slide 81: The Symrise growth story continues – selected highlights
Financials in detail The Symrise growth story continues – selected highlights We are further investing in capacity expansion and new technologies — Capex Fragrances Food & Beverage Pet Food in €m New fine fragrance ~ €800m location in France Capacity expansion New plant in Mexico flavor liquid €18m
Slide 82: We are well positioned
Financials in detail e are well positioned… …to achieve our short-, mid- and long-term targets — Unique position Corporate Continued Focus on Further with a well- functions investments working capital acquisitions balanced portfolio initiatives support into capacity management will offer new growth
Slide 83: Long-term financial objectives
Financials in detail Long-term financial objectives Symrise specifies 2028 financial targets — Financial targets until 2025 until 2028 Organic sales growth (CAGR) 5 – 7% 5 – 7% EBITDA margin 20 – 23% 21 – 23% Business Free Cash Flow 14% >14% Contribution from M&A as an additional topline driver Focu
Slide 84: Conclusion
08 Conclusion Capital Market Day 2024 84
Slide 85: Our transformational journey towards a better financial performance
Conclusion Our transformational journey towards a better financial performance Unleashing the full beauty of ONE Symrise, being and staying unique — 3 reasons to believe ONE Symrise Strategy ➢ The power of ONE Team: passionate and committed people, driven A transformation journey where continuity is
Slide 86: Thank you
Thank you Questions? Please ask! November 19 & 20, 2024 - Holzminden
Slide 87: symrise
ry symrise always inspiring more