Full-year 2025 results - Executing plan to accelerate growth

EXECUTING PLAN TO ACCELERATE GROWTH

Sika Media and Investor Presentation Zurich, February 20, 2026

AGENDA

1. Highlights 2025 Thomas Hasler (CEO)

2. Strategy Execution Thomas Hasler (CEO)

3. Business Implementation Thomas Hasler (CEO), Christoph Ganz (EMEA), Mike Campion (Americas), Philippe Jost (Asia/Pacific)

4. Financial Results Adrian Widmer (CFO)

5. Outlook Thomas Hasler (CEO)

6. Questions and Answers

AGENDA

2. Strategy Execution Thomas Hasler (CEO)

3. Business Implementation Thomas Hasler (CEO), Christoph Ganz (EMEA), Mike Campion (AMERICAS), Philippe Jost (Asia/Pacific)

4. Financial Results Adrian Widmer (CFO)

5. Outlook Thomas Hasler (CEO)

6. Questions and Answers

1. Highlights 2025 Thomas Hasler (CEO)

Sika is capturing value-accretive bolt-on M&A

opportunities with attractive returns

Accelerating efficiency programs and investing in

digital leadership to drive market share

Near-term cyclical headwinds are dampening

construction market activity

Winning share and leading through innovation

Sika is the leader in an attractive, fragmented market

OUTGROWING MARKETS - DRIVING MARGINS

SIKA DELIVERS MARKET OUTPERFORMANCE

⁓2.5%

Relevant market decline

Tariff uncertainty

negative sentiment

China residential market fell sharply (2023 to 2025)

-45%

USA government shutdown

43 days

ALL FAST FORWARD ONE-OFF COSTS TAKEN IN 2025

CHF 86 mn one-off costs

EBITDA margin ex one-off costs 19.2%

HOW SIKA REACTED - FAST FORWARD

CHF 108 million*

CHF 120 - 150 million

CHF 150 - 200 million

(CHF 80 million in 2026)

+ share gains

*CHF 86.2 million were recognized in EBITDA in 2025

+0.6%

11.20

GROUP

-0.4 organic growth

+1.0% acquisition effect

-5.4% currency impact

2.2% EXCLUDING CHINA CONSTRUCTION

-5.2%

2.30

Asia/Pacific

+2.2%

5.03

EMEA

+2.2%

3.88

Americas

FY 2024

FY 2025

(in CHF billion, growth in LC)

OUTGROWING PEERS

Sika vs Peers, Organic Growth Sika excl. China Construction vs Peers

3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%

-4.0%

Avg. outperformance: +2.0% per year

1.2% 1.1%

-0.9%

-3.1%

-0.4%

-1.6%

3.0%

2.0%

1.0%

0.0%

-1.0%

-2.0%

-3.0%

-4.0%

Avg. outperformance: +2.9% per year

1.8%

1.2%

0.1%

-0.9%

-1.6%

-3.1%

2023 2024 FY 2025

Sika Peers

2023 2024 FY 2025

Sika excl. China

* Available Peers with 12 months results, Sika 2025 reported figures

GROWING MATERIAL MARGIN - INNOVATION & VALUE SELLING

Gross result as % of net sales

54.9%

56 %

55

54

53

52

51

50

49

48

47

46

54.5

54.9

53.6

51.8

49.4

2021 2022 2023 2024 2025

STRONG CASH GENERATION

12.8

11.9

12.1

9.8

8.2

Operating free cash flow as % of sales

12.1%

%

14

12

10

8

6

4

2

0

2021 2022 2023 2024 2025

SAFETY FIRST - PROTECTING OUR PEOPLE

Since 2021, we have significantly

improved our Lost Time Accidents (LTA) rate*

from 9.2

to 3.0

9.2

7.1

5.4

3.5

3.0

2021 2022 2023 2024 2025

*Lost Time Accidents per 1,000 FTEs

IMPROVEMENTS IN SUSTAINABILITY PERFORMANCE

GHG Emissions (scope 1 and 2)

-6.1%

Water Discharge per Ton Sold

-3.4%

Waste Disposed per Ton Sold

-5.7%

Lost Time Accidents per 1,000 FTEs

-14.1%

STRONG PIPELINE OF VALUE-ACCRETIVE BOLT-ON ACQUISITIONS

Elmich Pte Ltd

Innovative and sustainable green roof

solutions

HPS North America, Inc. Building Finishing materials and waterproofing solutions

Cromar Building Products

Flat and pitched roofing products

Gulf Additive Factory LLC Concrete admixtures, mortars, flooring, waterproofing

Marlon Tørmørtel A/S

Broad portfolio of mortar products

Awazil Al Khaleej Industrial Co. ("Gulf Seal")

Bituminous waterproofing membranes

Finja (Closed February 2, 2026) Dry mortars and floor leveling compounds

COMMISSIONING OF SEVEN NEW PLANTS IN 2025

New plant in Morocco State-of-the-art production technologies for admixtures and mortars

New plant in Kazakhstan

Concrete admixtures and mortars

New plants in China

• Xi'an plant: tile adhesives, waterproofing, and flooring solutions

• Suzhou site extension: highly automated, advanced bonding and sealing solutions

New plant in Ecuador Mortar solutions for interior walls and tile adhesives

New site extension in Brazil Admixture production to support customers in ready-mix concrete, cement, and mining industries

New plant in Singapore

Mortar production

EARLY ACTIONS TO ACCELERATE PROFITABLE

GROWTH IN 2026

DEMAND-DRIVEN INVESTMENTS IN FIVE NEW PLANTS

New plant in the US State-of-the art concrete admixture facility

New plant in Bangladesh Concrete admixtures and mortars

New plant in Argentina

Dry mortar products

New plant in Colombia Mortars, tile adhesives, interior wall finishing, acrylic coatings, and concrete admixtures

New plant in Tanzania Mortars, admixtures, specialized grouts for mining and construction, grinding aids for cement plants

ACQUISITIONS - CLOSING OF FINJA, SIGNING OF AKKIM

CHF 62 million

sales in 2025

CHF 220 million

sales in 2025

• Enhanced portfolio and customer reach enable significant

  cross-selling opportunities

• Highly efficient production sites, with ample room for expansion, driving further growth in Sweden and other Nordic countries

• Leveraging Finja's expertise in low-carbon mortars, cold climate solutions, and advanced digital tools across the region

• Strong portfolio and wide distribution network will drive accelerated growth in sealants and adhesives

• Expanded geographic presence across growth markets

• Considerable cross-selling potential by leveraging increased

  customer and channel access

• Large-scale production facilities will enable more efficient operational footprint and serve as export hubs

A STRUCTURAL GROWTH AND VALUE DRIVER

• Urbanization and renovation (insulation, facades, flooring, modular construction)

  
  
  

• Multi-material design (bonding steel, aluminum, composites, plastics)

Replacing welding, screws and rivets enhance structural strength, stress distribution, freedom of design

• Highly innovation driven

  engineered systems

• High technical barriers

• Critical performance role

  • Decarbonization (CO2reduction and energy efficiency)

  • Electrification (Battery bonding, thermal management, lightweight structures)

Adhesives and sealants indispensable for all construction jobs and a value driver for distributors.

Adhesives as important innovation accelerator: Customers can achieve outcomes today that were not possible up until recently.

1. Business Implementation Thomas Hasler (CEO), Christoph Ganz (EMEA), Mike Campion (AMERICAS), Philippe Jost (Asia/Pacific)

2. Financial Results Adrian Widmer (CFO)

3. Outlook Thomas Hasler (CEO)

4. Questions and Answers

2. Strategy Execution Thomas Hasler (CEO)

AGENDA