#1OUR NINE-MONTH RESULTS 2022 SIKA WITH STRONG PERFORMANCE IN DEMANDING MARKETS SIKA INVESTOR PRESENTATION NOVEMBER 2022 Jika BUILDING TRUST#2- 1. NINE-MONTH RESULTS 2022 – RECORDS IN SALES, EBIT, PROFIT 2. SIKA'S GROWTH DRIVERS 3. SIKA'S WAY TO NET ZERO 4. UPDATE ON MBCC ACQUISITION 5. OUTLOOK Jika Ⓡ BUILDING TRUST#31. NINE-MONTH RESULTS 2022 – RECORDS IN SALES, EBIT, PROFIT BUILDING TRUST Jika Ⓡ#4SIKA WITH STRONG PERFORMANCE IN DEMANDING MARKETS GROWTH IN LOCAL CURRENCIES OF 18.5% 1. Sales and profit Sales growth of 18.5% in local currencies. Record sales of CHF 7,998.5 million (+16.6% in CHF). Record operating profit (EBIT) at CHF 1,231.5 million (+16.8%), including profit from divestment of European industrial coatings business plus expenses in connection with acquisition of MBCC Group. EBIT margin at 15.4% 2. Key investments Two acquisitions: Sable Marco (Canada) and United Gilsonite Laboratories "UGL" (USA) Four new plants opened: Tanzania, Ivory Coast, Bolivia, and USA 3. Outlook and strategy Growth in local currencies over 15%, surpassing CHF 10 billion for the first time Over-proportional increase in EBIT expected Confirmation of 2023 strategic targets for sustainable, profitable growth Closing of MBCC acquisition is targeted for the first half of 2023 4 BUILDING TRUST Jika#5SUCCESSFUL, RESILIENT STRATEGY KEY INVESTMENTS IN 2022 - CONTINUED EXECUTION Acquisitions and divestments Acquisition of Sable Marco, Canada (March 2022) New plants Opening of a new plant in the Ivory Coast (February 2022) 5 1332 Closing of transaction related to divestment of European industrial coatings business (April 2022) Opening of a new plant in Tanzania (February 2022) Divestment of Aliva (May 2022) Opening of new plant in Bolivia (May 2022) Acquisition of UGL, USA (May 2022) Opening of new plant near Washington D.C. (June 2022)#6RECORD RESULTS IN THE FIRST NINE MONTHS OF 2022 KEY FIGURES 6 in CHF mn 2021 2022 A% Net sales 6,862.7 7,998.5 +16.6% Gross results as % of net sales 52.6 49.3 EBITDA 1,327.5 1,521.4 +14.6% EBIT 1,054.0 1,231.5 +16.8% Net profit 765.1 885.9 +15.8% BUILDING TRUST Jika#7RECORD RESULTS IN THE FIRST NINE MONTHS OF 2022 KEY FIGURES 7 18.1% 1.3% 18.5% 3.4% 2.6% 16.8% 15.1% 9.2% in LC acquisition organic in CHF mn Net sales -6.6% 9M 2020 9M 2021 9M 2022 5,805.5 6,862.7 7,998.5 BUILDING TRUST Jika#8RECORD RESULTS IN THE FIRST NINE MONTHS OF 2022 GROWTH IN LOCAL CURRENCIES OF 18.5% 8 +4.0% +36.8% +17.3% +20.2% Growth in CHF +10.5% +31.9% +17.6% +22.0% Growth in LC -6.5% +4.9% -0.3% -1.8% FX impact -0.8% +6.8% +7.1% +5.9% Acquisition EMEA Americas Asia/Pacific Global Business 17% 83% Construction Industry Jika BUILDING TRUST#9SIKA WITH STRONG PERFORMANCE IN DEMANDING MARKETS ALL REGIONS WITH DOUBLE-DIGIT GROWTH 9 +31.9% 2.43 Americas 9M 2021 9M 2022 (in CHF billion, growth in LC) +10.5% 3.22 EMEA + 17.6% + 22.0% + 18.5% 1.75 0.60 8.00 Asia/Pacific Global Business Group Jika BUILDING TRUST#1010 SIKA'S GROWTH MODEL DELIVERS CONTINUOUS STRONG PERFORMANCE Net Sales (9 Months) 8,000 in CHF mn, growth in LC 7,500 18.5% EBIT (9 Months) 1,300 in CHF mn 1,200 7,000 6,500 15.1% 2.6% 6,000 14.1% 5,500 5,000 7.9% 4,500 4,000 18.1% 7,998.5 1,100 1,000 900 800 700 600 11 1,231.5 3,500 500 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 Jika ® BUILDING TRUST#112. SIKA'S GROWTH DRIVERS BUILDING TRUST Jika Ⓡ#12RESILIENT STRATEGY - MAJOR MEGATRENDS SUPPORTING GROWTH FURTHER ACCELERATION THROUGH DIGITALIZATION 12 Digitalization Urbanization Climate Change and Demographic Change Scarcity of Resources Dynamic Economy SCA Technological Progress Jika BUILDING TRUST#13RESILIENT GROWTH STRATEGY 2023 STRATEGIC TARGETS CONFIRMED 13 Market Penetration Innovation Operational Efficiency Acquisitions Values SUSTAINABILITY 6-8% annual growth 15-18% EBIT margin Until 2020: <15% 25% of sales with new products 0.5% pts non-material cost improvement as % of net sales >10% Operating free cash flow per year as % of net sales >25% ROCE by 2023 12% CO2eq emission reduction per ton sold#14RESILIENT GROWTH STRATEGY STRONG PERFORMANCE DURING TURBULENT YEARS Net Sales EBIT in CHF mn 2Y CAGR* +10.0% 9,252.3 In CHF mn 2Y CAGR +14.8% 1,391.4 2019 2020 2021 2019 2020 2021 *Growth in % LC 14 BUILDING TRUST Jika#15SUSTAINABLE GROWTH BEYOND MARKET GROWTH MULTIPLE LAYERS OF GROWTH Y1 15 Y2 Y3 Y4 ■Market Growth Structural Growth (Megatrends) Market Penetration Acquisition Net Sales 10Y CAGR, at constant FX +9.8% Sustainable volume growth Growing markets Y5 (Market growth and Megatrends) M&A Market Penetration BUILDING TRUST Jika#16GROWTH DRIVER - CONSTRUCTION CHEMICALS MARKET STRONG PENETRATION INCREASE 600 Construction chemicals penetration (1991 = 100) 500 400 300 200 100 2x penetration increase 0 1990 2000 2010 2020 = 2.5-4.0x penetration increase 2030 2040 2050 16 Source: IHS, Freedonia 1) penetration = global construction chemicals market size (CHF) / global construction output (CHF) BUILDING TRUST Jika#17- GROWTH DRIVER – REPAIR AND REFURBISHMENT HIGHLY RESILIENT THROUGH THE CYCLES High resilience of refurbishment through economic cycles Corrective maintenance cannot be postponed Large backlog of projects for corrective maintenance in Europe and the USA Regulations and building standards make refurbishment mandatory Urbanization and densification drive the 55% of Group sales in construction generated by refurbishment 45% 55% 17 need for refurbishment 60 1 T=6 21 ■Refurbishment ■New build In mature markets, 70% of sales in construction generated by refurbishment 30% 70% BUILDING TRUST Jika ®#18GROWTH DRIVER - EMERGING MARKETS CONTINUOUS STRONG GROWTH Enormous need for infrastructure, energy and power, real estate Expansion of supply chain footprint Acquisitions to leverage our market access on sta Increased demand to meet international construction standards Need for qualified workforce in emerging markets 18 BUILDING TRUST Jika#19GROWTH DRIVER - INFRASTRUCTURE PROGRAMS CHF 10 TRILLION PLANNED STIMULI 19 US infrastructure investments running into the billions approx. CHF 850 billion EU working towards climate neutrality approx. CHF 400 billion China invests in technology and infrastructure approx. CHF 8,000 billion Extensive infrastructure growth programs stimulate economies Government initiatives in many countries are tied to environmental legislation BUILDING TRUST Jika#20GROWTH DRIVER - GLOBAL AUTOMOTIVE PRODUCTION RECOVERY EXPECTED IN THE NEXT FEW YEARS in mn units 100 95 90 85 80 80 75 70 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source: IHS Markit 20 Strong recovery expected Backlog in demand Supply chain "normalization" ■ E-vehicle demand Global automotive production Forecast (as of May 2022) Jika BUILDING TRUST#21GROWTH DRIVER - OUR PEOPLE UNIQUE CORPORATE CULTURE Courage for Innovation Customer First Empowerment and Respect Manage for Results Sustainability and Integrity 21 21 BUILDING TRUST Jika#223. OUR WAY TO NET ZERO BUILDING TRUST Jika Ⓡ#23SUSTAINABILITY AND OUR WAY TO NET ZERO CONTINUE TO GROW AND REDUCE GREENHOUSE GAS 23 MAKING A POSITIVE IMPACT 40% of global CO2 emissions attributable to construction and building sector Road traffic responsible for 20% of global CO2 Huge opportunity as potential for progress is immense Sika possesses the solutions and innovative strength to enable the necessary transformation OUR COMITTMENT ■ We continue our growth strategy and engage our innovative developments to decouple growth from greenhouse gas emissions ■ We enable our customer on their journey to Net Zero. ■ Our way to Net Zero: ■ -25% until 2032 ■ -90% until 2050 BUILDING TRUST Jika#24SIKA'S NET ZERO ROADMAP 2022 INVESTING > > > > > > > > 2032 ACCELERATING -25% PATH TO NET ZERO EMISSIONS SIKA'S GROWTH 2050 NET ZERO 24 -90% OUR KEY LEVERS Education and capacity building to improve material efficiency and circularity Accelerated use of alternative low carbon supplies Partnerships with key suppliers who support Sika's path to net zero Continued focus on operational efficiencies Development of new innovative solutions for construction and industry BUILDING TRUST Jika#254. UPDATE ON MBCC ACQUISITION BUILDING TRUST Jika Ⓡ#2626 UPDATE ON MBCC ACQUISITION COMPLEMENTARY IN MANY WAYS BUILDING TRUST Jika + Ⓡ MBCC GROUP PC Für Bau-Profs Solutions Channel Geography Supply Chain BUILDING TRUST Jika#27UPDATE ON MBCC ACQUISITION WE WILL HAVE AN EVEN STRONGER PRODUCT RANGE TOGETHER Underground Construction SikaplanⓇ PVC membrane for waterproofing and waterproofing products Offshore Wind Installation Sika Power® epoxy-based toughened adhesive to produce extra-long blades High-performance industrial floors Sikafloor® High performance epoxy sealing and self smoothing coatings for industrial flooring Floor Covering Applications SikafloorⓇ self-leveling screeds for both new build and renovation applications 27 MBCC UGC products for shotcrete, fibers, injections MasterFlow Grouts specialized for offshore wind turbine installations (DNV GL certified) Ucrete Unique polyurethane resin technology for industrial floors Thomsit adhesives for both wood floor and luxury vinyl tile#28UPDATE ON MBCC ACQUISITION UNCONDITIONAL APPROVALS IN MOST JURISDICTIONS 28 Brazil China Japan Colombia Unconditional approvals received in most jurisdictions Saudi-Arabia Thailand South Africa Turkey C⭑ BUILDING TRUST Jika#29UPDATE ON MBCC ACQUISITION DIVESTMENTS REQUIRED IN ADMIXTURE BUSINESS 29 Process ongoing divestment of admixture business Scope: up to CHF 850 million USA Canada Europe UK New Zealand NZ Australia Jika BUILDING TRUST#30UPDATE ON MBCC ACQUISITION DIVESTMENTS REQUIRED IN ADMIXTURE BUSINESS Remaining business CHF 2.15 billion* To be divested CHF 850 million* 30 Countries with MBCC subsidiaries that will be fully integrated Countries with MBCC subsidiaries where admixture business will be divested *Based on full year 2021 figures BUILDING TRUST Jika#31FINANCING AND LEVERAGE CONSIDERATIONS FINANCIAL TERMS OF TRANSACTION REMAIN VERY ATTRACTIVE Financing through cash and debt instruments Fully committed bridge loan facility Long-term funding over combination of cash-on-hand, bank loans and bonds Expected annual interest cost of CHF 90 million Strong deleveraging profile Starting from a strong base Divestments reduce initial capital outlay ■ Strong deleveraging profile even without early conversion of existing Convertible Bond 31 Jika BUILDING TRUST#32FINANCING AND LEVERAGE CONSIDERATIONS HISTORICAL AND EXPECTED LEVERAGE DEVELOPMENT 32 2.6x 2.1x 1.6x =1.2x ~2.5x 2019 2020 2021 2022 FC 2023 2024 2025 Net Debt/EBITDA > Net Debt/ EBITDA (incl. early CB conversion) ■ 2023 Leverage expected at =2.5x ■ With early Convertible Bond conversion at around 0.5 turns lower ■ Fast deleveraging - similar deleveraging profile as with Parex BUILDING TRUST Jika#33UPDATE ON MBCC ACQUISITION CONFIRMATION OF STRATEGIC FIT Synergies: CHF 160-180 million 2023 Leverage expected at =2.5x Funding structure of MBCC acquisition unchanged Favorable FX impact ■Closing targeted in first half of 2023 33 MBCC GROUP BUILDING TRUST Jika#345. OUTLOOK BUILDING TRUST Jika Ⓡ#35ANNUAL SALES TARGET FOR 2022 RAISED CONTINUATION OF SUCCESSFUL GROWTH STRATEGY ■ Sales increase by over 15% in local currencies ■Surpassing CHF 10 billion for the first time Over-proportional EBIT increase expected for the year ■ Confirmation of 2023 strategic targets for sustainable, profitable growth Expected sales for 2022 billion >10 HPF 35 BUILDING TRUST Jika#36THANK YOU FOR YOUR ATTENTION BUILDING TRUST Jika Ⓡ#37FORWARD-LOOKING STATEMENT This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as 'expects', 'believes', 'estimates', 'anticipates', 'projects', 'intends', 'should', 'seeks', 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. Various factors may cause actual results to differ materially in the future from those reflected in forward-looking statements contained in this presentation, among others: Fluctuations in currency exchange rates and general financial market conditions Interruptions in production Legislative and regulatory developments and economic conditions Delay or inability in obtaining regulatory approvals or bringing products to market Pricing and product initiatives of competitors Uncertainties in the discovery, development or marketing of new products or new uses of existing products, including without limitation negative results of research projects, unexpected side-effects of pipeline or marketed products Increased government pricing pressures Loss of inability to obtain adequate protection for intellectual property rights Litigation Loss of key executives or other employees Adverse publicity and news coverage Any statements regarding earnings per share growth are not a profit forecast and should not be interpreted to mean that Sika's earnings or earnings per share for this year or any subsequent period will necessarily match or exceed the historical published earnings or earnings per share of Sika. For marketed products discussed in this presentation, please see information on our website: www.sika.com All mentioned trademarks are legally protected. 37 Jika BUILDING TRUST