#1July 2023 Investor presentation Givaudan Human by nature#2What we do Givaudan#3SoftMoc www.ems.com NN TAYLOR Ma Dull Givaudan-products drive millions of consumer decisions every day! Givaudan Human by nature#4Fragrance & Beauty, Taste & Wellbeing, provide our customers compounds, ingredients and integrated solutions that engage consumers Personal care Savoury Beverages Nutraceuticals Oral care Fine Fragrances Snacks Dairy Sweet goods July 2023 Investor Presentation Givaudan Home care Fabric care Beauty & skin care 4#5How we do it Givaudan#6• A unique business model driven by our purpose Creating for happier, healthier lives with love for nature. Winning business assumes: being on a core supplier list, submitting a brief, developing a solution and being selected by the customer • Our products are unique co-creations with our customers: • • • Consumer-differentiating, bespoke, value-added Fragrance and Beauty, Taste and Wellbeing solutions driven by innovation • Agility and service are key Scent and taste determine consumer purchase and repeat decisions whilst representing only a minor fraction of costs 0.5-2.0% in flavours and consumer fragrances to 4-6% in fine fragrances, i.e. a very minor portion of the end product costs High barriers to entry and high shifting costs for customers July 2023 Investor Presentation Givaudan 6#7A unique business model with high barriers to entry Mastering complexity is a key feature of our space • A research-driven innovation process and a deep understanding of consumer preferences around the world • Sustainability goals creating significant innovation opportunities (e.g. move from non-renewable to renewable, etc.) IP / formulae owned by Givaudan • Mastering high complexity and volatility at every step: • over 12,400 raw materials and a sophisticated supply chain with almost 3,000 raw material suppliers ⚫ over 126,560 products made to order, delivered just in time to over 11,700 customers ⚫ over 300,000 customer submissions / product briefs managed annually, and ca. 15% of our portfolio up for review due to the life cycle of products • Compliance and regulations July 2023 Investor Presentation Givaudan 7#8All figures as of 31.12.2022 54% | Givaudan: A naturally-hedged portfolio (products, customers, geography,) for consistent growth Products Taste & Wellbeing 37% Savoury 35% Beverages 16% Sweet goods 12% Dairy Customers 55% Local and regional North America 26% of sales 18% of employees 13 production sites 45% Multi. national Geography Europe, Asia, Middle East 37% of sales 46% of employees 35 production sites 56% of sales in mature markets 44% of sales in high growth markets 46% Fragrance & Beauty 65% Consumer Products 20% Fine Fragrances 15% Fragrance Ingredients and Active Beauty C Latin America 12% of sales 14% of employees 11 production sites Asia Pacific 25% of sales 22% of employees 19 production sites 166 locations 78 production sites July 2023 Investor Presentation Givaudan 8#9> Givaudan operates in multiple industry segments Inspiring our customer's brands, delighting consumers Flavour & Taste 13.1 bn CHF Market Potential as of 2020 Functional & Nutrition 14.1 bn CHF Market Potential as of 2020 (Givaudan scope of activities) Fragrance & Beauty 14.8 bn CHF Market Potential as of 2020 Source: Based on Givaudan internal estimates July 2023 Investor Presentation Givaudan Givaudan market share as of 2020 Market potential as of 2020 9#10July 2023 Investor Presentation A research-driven innovation process Supported by unrivalled capabilities and innovation 126,560 Products sold per year CHF 522 mln R&D spend in 2022, 7.3% of sales > 4,000 Active patents Givaudan 65 Creation and application centres 10#11A research-driven innovation process From new ingredients to winning co-created products 1 2 Ingredient & process discovery Solutions for consumer products Driving creative design solutions thorough Highly specialised unique ingredients used in formulations Natural, sustainable, renewable & biodegradable ingredients Taste modulators Biodegradable Precursors Natural preservatives Natural colours Health & nutrition ingredients Cosmetics actives Sustainable extraction processes Green chemistry & biotechnology Clinically proven benefits July 2023 Investor Presentation Barriers to entry Intellectual property & unique processes consumer knowledge and scientific expertise Biodegradable Delivery Systems Plant protein systems Health & Nutrition solutions Health & Well-being benefits Integrated solutions Safe by Design Digital devices Givaudan Co-creation enablers/Consumer relevant Focused yet expansive expertise and scientific knowledge in adjacent spaces Consumer understanding and novel research methodologies Formulation science Application science Digital & Science plus Al enabled creation Co-creation labs Barriers to entry Trade Secrets, Customer intimacy Barriers to entry Intellectual property & Trade Secrets TESSA 11 3#12Business processes enabled by digital tools Selected digital initiatives A - Carto Al enabled creative design A product creation experience: Playful and multi-sensorial human/machine interaction Smart suggestions powered by Al Collaboration-oriented environment enabling customer co-creation Consumer and customer foresight Discover new consumer behaviours through advanced analysis of social media and other external data Capturing insights and converting them into business foresights Robotic process automation Create a virtual workforce to take over repetitive tasks, creating bandwidth for more value added activities E.g. supply chain, HR, compliance forms, etc. Factory 2.0 Identify how technology can improve the manufacturing environment: Automation (robots, processes) Safety (training, monitoring) Decision making (forecasting, predictive maintenance) Sustainability (greener processes) Traceability Guarantee traceability of products and their constituents, from source to consumer Leverage technology to enable source-to-consumer traceability of raw materials Track biodiversity impact, carbon footprint, water waste thanks to this traceability July 2023 Investor Presentation Givaudan 12#13Induchem Active Beauty 2014 2015 Soliance Active Beauty CHF 4.1 billion invested in acquisitions July 2023 Investor Presentation 2 Value creation through acquisitions 19 acquisitions between 2014 - 2021 Cosmetics business of Indena Active Beauty Vika Natural flavours Activ International Natural flavours Fragrance Oils L&R Fragrance Ungerer Speciality Ingredients Flavours & Fragrances Golden Frog drom Naturals Fragrances Cosmetics business of AMSilk Active Beauty 2019 2016 Spicetec Naturals Integrated solutions 2017 2018 Expressions Parfumées L&R Fragrances Albert Vieille Naturals Aromatherapy Centroflora Nutra Naturals Naturex Naturals Health and well-being Active Beauty CHF 1.6 billion of incremental revenues Givaudan 2020 2021 Myrissi Alderys Biotechnology Artificial intelligence DDW Natural colours Custom Essence L&R Fragrances 13#14Calvin Grieder Chairman NGC, IC Ingrid Deltenre CC, NGC Effective and transparent governance Our Board of Directors Prof. Werner Bauer CC, IC Lilian Biner Victor Balli Michael Carlos AC AC, CC NGC, IC Olivier Filliol Sophie Gaspermen AC, IC AC, NGC Tom Knutzen IC Separation of roles in line with the Swiss Code of Best Practice for Corporate Governance: Chairman of the Board and Chief Executive Officer Ultimate strategic supervision and control of the management of the Company, including Enterprise Risk Management approach 9 board members Diverse board (nationality and gender) Average tenure of 5.8 years 100% independent board members All board members re-elected on an annual basis Compensation of Board of Directors is subject to annual approval by shareholders July 2023 Investor Presentation Givaudan NGC Nomination & Governance Committee CC Compensation Committee AC Audit IC Innovation Committee Committee 14#15July 2023 Investor Presentation Effective and transparent governance Our Executive Committee Gilles Andrier Tom Hallam Louie D'Amico Chief Executive Officer Chief Financial Officer President Taste & Wellbeing Simon Halle-Smith Head of Global Human Resources and EHS Willem Mutsaerts Head of Global Procurement and Sustainability Anne Tayac Head of Givaudan Business Solutions Responsible for the day-to-day management of the Company 7 Executive Committee members 6 nationalities . 4-6 year average tenure . • Maurizio Volpi President Fragrance & Beauty Average of 20 years experience in the company One of the longest standing CEO in the industry Compensation of the Executive Committee is subject to annual shareholder approval Givaudan 15#16Future value creation through our 2025 strategy Givaudan#17Creating for happier, healthier lives with love for nature. Let's imagine together Creations Let's imagine together with customers that through our creations more people will enjoy happier, healthier lives July 2023 Investor Presentation 3. Nature Let's imagine together that we show our love for nature in everything we do People Let's imagine together that Givaudan is a place where we all love to be and grow MA Communities Let's imagine together that all communities benefit by working with Givaudan Givaudan 17#18Trend Impact July 2023 Investor Presentation Megatrends Impacting 2025 strategy Consumer base is growing Living longer and more consciously Sustainability is of high concern COVID-19: E-commerce, self-care and localisation gain importance Asia and Africa leading • the way Consumer behaviours are changing • Givaudan Consumers will buy more consciously Responsible companies will create a positive impact on society and the planet . Consumers will buy more online and increase spending on self-care Localisation will be even more important 18#19Creations We create inspiring solutions for happier, healthier lives People We nurture a place where we all love to be and grow + July 2023 Investor Presentation Strategy 2025 Committed to Growth, with Purpose Expand the portfolio Growing together with our customers Focussed market strategies reach Extend custor Excellence, Innovation & Simplicity - in everything we do Givaudan Nature We show our love for nature through impactful actions Communities We bring benefits to all communities that work with us 19#20Strategy 2025 Performance commitments Sales growth 4.0 - 5.0% 2021 2025 Average Like for Like¹ Sales Growth Free cash flow >12% of Sales 2021 2025 - Average FCF2 as % of sales Purpose commitments Purpose linked targets 2021 2025 Progress towards all published purpose targets 1. Like-for-like (LFL) is defined as: (a) sales calculated using the invoicing exchange rates of the prior year, (b) excluding sales of businesses acquired from the acquisition date until the period end date, up to 12 months from the acquisition date, and (c) excluding sales of the businesses disposed of from the disposal date until the period end date of the comparable prior period 2. Free Cash Flow (FCF) refers to operating cash flow after net investments, interest paid, lease payments and purchase and sale of own equity instruments July 2023 Investor Presentation Givaudan 20 20#21Purpose and 2025 strategy Encapsulate our approach to ESG Givaudan#22Purpose-linked targets Encapsulate our approach to ESG Creations ESG • By 2030 We will double our business through creations that contribute to happier, healthier lives. Nature G • Before 2030 • Our operations' carbon emissions will be cut by 70% and our supply chain emissions by 20% •We will replace single-use plastics with eco-friendly alternatives across our sites and operations Before 2040 • Our operations' will be climate positive and our supply chain emissions will be cut by 50% • Before 2050 Our supply chain will be climate positive People >> Before 2025 • Everyone on our sites will have access to mental and physical health initiatives, tools and training • We will reduce our total recordable case rate by 50% • We will be rated among the leading employers for inclusion globally Before 2030 • 50% of our senior leaders will be from high growth markets • 50% of our senior leaders will be women Communities OG • By 2030 We will source all materials and services in a way that protects people and the environment •We will improve the lives of millions of people in communities where we source and operate July 2023 Investor Presentation wwww BRICENT WORK SSS M Givaudan 13 ACTEN QO E Environment S Social G Governance 22 22#23History of acting sustainably with solid track record of ESG ratings Confidence in achieving ambitious purpose targets CDP CDP A LIST 2022 CLIMATE WATER SUPPLIER ENGAGEMENT LEADER 2021 GOLD 2022 ecovadis Sustainability Rating SUSTAINALYTICS SIX FTSE4Good Index Series MSCI ESG RATINGS AAA CCC B BB BBB A AA AAA Double 'A rating' for climate and water for four consecutive years CDP leader board recognition for supplier engagement Awarded the EcoVadis Gold medal, ranking us in the top 3% of more than 75,000 businesses Rated as 'low-risk' in 2021 with a score of 19.3 and a chemicals industry ranking 13 out of 539 Included in SIX Swiss Sustainability 25 Index Ranked in the top 2% in the FTSE4Good Index Series, among our peers MSCI ESG AAA Rating, since 2017 July 2023 Investor Presentation Transparent disclosure of comprehensive, audited ESG data based on reporting GRI Empowering Sustainable Decisions Givaudan has applied the GRI frameworks since 2010 standards IR Givaudan has adopted Integrated reporting since 2016 Givaudan 23#24Creations for happier, healthier lives of millions of people Doubling our business by 2030 We will impact millions of lives by working with our customers to develop creations for happier, healthier lives By 2030 We will double our business through creations that contribute to happier, healthier lives (baseline 2018: CHF 5.5 billion) July 2023 Investor Presentation Taste & Wellbeing Going beyond great taste to create food experiences that do good and feel good, for body, mind and planet. • • Flavour and taste solutions: authentic flavours, kitchen ingredients, taste-enhancing technologies Natural functional ingredients: colours, preservatives, texturants . Natural nutritional ingredients: microbiome, botanicals Plant-based food: non-animal protein alternatives • Solutions to reduce undesirable ingredients (sugar, salt, fat) and add health-supporting nutrients (vitamins, minerals fibers) Fragrance & Beauty Craftsmanship, creativity, and passion for happier, healthier lives through fragrances for every moment . . • Consumer products for personal, home, fabric and oral care Fragrances and beauty products that spark happiness and delight Fragrances to improve emotional wellbeing: leveraging neuro-sciences to enhance sleep, emotional benefits and wellbeing 24 24#25Leading food systems transformation Improving our existing portfolio and innovating with new products An ecosystem of experts allows us to co-create diverse food choices and plant-based food experiences that meet consumer conscious decision to adopt a plant- based diet. We estimate that through our Plant Attitude Platform we have helped reduce over 6 million tonnes of CO2e from consumer diets in 2022. July 2023 Investor Presentation Givaudan 25#26July 2023 Investor Presentation PlanetCaps First-to-market biodegradable fragrance capsules PlanetCaps TM Long-lasting freshness for consumers. No-lasting impact on the environment. The unique PlanetCaps™M technology will enable Givaudan to collaborate with customers in rolling out bespoke biodegradable fragrance systems. A combination of high biodegradability and renewable carbon source material, delivering long- lasting fragrance experience. Givaudan 26#27Givaudan's carbon footprint Our journey to becoming climate positive Scope 1 6% Scope 2 1% Emissions generated by our energy supply Scope 3 93% Emissions generated by our supply chain About 2,400,000 tonnes GHG emissions per year TARGETS - Scope 3 ⚫ Before 2050, Our supply chain will be climate positive Actions driving our Roadmap: Engage suppliers in the net-zero journey Refine understanding of our ingredients footprint and drive ingredient innovation Reduce other emissions linked to our value chain July 2023 Investor Presentation Givaudan 27#28Givaudan's positive impacts on climate change Emissions Before 2050, we will be a climate-positive business based on scope 1+2+3 emissions according to the Greenhouse Gas (GHG) protocol. By 2025 100% of our entire electricity supply to be converted to fully renewable sources (baseline 2015) 2022: 90% Before 2030 Our operations' carbon emissions (scope 1+2) will be cut by 70% (baseline 2015) 2022: - 35% Our supply chain emissions (scope 3) will be cut by 20% (baseline 2015) 2022: - 1% Before 2040 Our operations' carbon emissions (scope 1+2) will be climate positive Before 2050 Our supply chain emissions (scope 3) will be climate positive July 2023 Investor Presentation Givaudan Our actions • Fixing site environmental targets and assessments • Signing the UN pledge 'Business Ambition for 1.5°C' Committing to RE100 since 2015 Generating on-site renewable electricity Sourcing ingredients responsibly Driving circularity and upcycling Optimising packaging, logistics, transport of goods, business travel and employee commuting 28#29Givaudan's positive impacts on climate change We act as a role model in water stewardship, working to protect water-dependent ecosystems and encouraging the sustainable use of resources. By 2030 Improve water efficiency by a 25% water withdrawal-rate reduction, on sites facing water stress (baseline 2020) 2022: - 13% We will continuously improve water efficiency on all other sites by a water withdrawal-rate reduction 2022: - 7% 100% of our wastewater discharge will meet or exceed regulatory and industry standards In progress Water, waste and plastics. Driving continuous improvement in waste reduction and management with a focus on landfill disposal avoidance. By 2030 Givaudan will reach zero operational 1 waste directed to landfill for all manufacturing sites 2022: 46%2 Givaudan will decrease its operational waste for disposal intensity by 15% (baseline 2020) 2022: +13% Before 2030, we will replace single-use plastics with eco-friendly alternatives across our sites and operations. By 2030 100% plastics circularity by 2030 2022: 1% 1. 2. Excluding one-time-only waste and waste sent to landfill only when other existing technical alternatives are not allowed due to regulatory requirements. The status shows the percentage of sites already hitting our target. July 2023 - Investor Presentation Givaudan 29#30Our purpose commitment to responsible sourcing Sustainable value creation CHF 4.2bn Raw material and IM&S spend per year >225 People in global procurement worldwide >12,400 Number of different raw materials sourced 57% Renewable raw materials 43% Non-renewable raw materials July 2023 Investor Presentation Sourcing4Good drives our approach to responsible sourcing Ensures trust and compliance across our entire supply chain It allows us to embark on collaborative transformational projects in selected supply chains Brings end-to-end raw material traceability in key supply chains Builds on our heritage of action in sourcing responsibly. This flagship programme is closely tied to our goal to source all materials and services in a way that protects people and the environment before 2030. A full scope with clear priorities across our full portfolio of spend Collaboration with the right partners Traceability, digitisation and progress monitoring Third party validation and an integrated operating model Givaudan 30#31• Our purpose commitment to biodiversity Conservation, sustainable use of biodiversity and regeneration of ecosystems A global biodiversity strategy In line with our commitment to the Convention on Biological Diversity Our activities are highly dependent upon Biodiversity and Ecosystem services: inspiration, procurement, ecosystem services Our approach Understanding and acting on our impacts and dependencies throughout the value chain • • • Integrating Biodiversity in our global policies and operating model • Avoid and mitigate our negative impacts Restore and renew ecosystems, notably through Regenerative Agriculture Our achievements so far Conservation, sustainable use of biodiversity and regeneration of ecosystems • Traceable, sustainable natural raw materials • First Regenerative Agriculture guarana trials in Brazil • Network of research and technical partners worldwide • Engaging in collaborative platforms OUR ROSAM OIS DE SANTAL ESTR CARM 84/17 July 2023 Investor Presentation Givaudan 31#32A place where people love to be and grow Diversity & inclusion A diverse, inclusive organisation to best meet our business goals. Before 2025 We will be rated amongst the leading employers for inclusion globally 2022: in progress • Before 2030 . • We will be an even more balanced and inclusive company 2022: in progress 50% of our senior leaders will be from high growth markets 2022: 27% 50% of our senior leaders will be women 2022: 27% July 2023 Investor Presentation Our focus areas: Inclusive talent experiences, inclusive talent acquisition, inclusive leadership development Givaudan 32#33A place where people love to be and grow Caring for employees Caring for employee's safety, health and mental well-being Before 2025 • We will reduce our total recordable case rate by 50% (baseline 2018) 2022: -36% Everyone on our sites will have access to mental and physical health initiatives, tools and training 2022: in progress July 2023 Investor Presentation Our focus areas: Caring for our people, caring for our place, strengthening our foundation Givaudan 33#34All communities benefit by working with Givaudan Improving people's lives Sourcing our materials and services in a way that protects people and the environment, and positively impacting the lives of millions of people • Before 2030 100% of materials and services will be sourced responsibly 2022: 90% We will improve the lives of millions of people in communities where we source and operate 2022: over 215 million people impacted July 2023 Investor Presentation Our focus areas: Communities where we source, communities where we operate, sourcing responsibly Givaudan 44 34#35A strong track record of growth and value creation Givaudan#36Key investment highlights Givaudan has a strong track record of delivering with excellence • A company inspired by its purpose • Creations critical to our customers' success (minor cost/high impact) • A research-driven innovation process • A highly resilient / defensive business model: · · • Key products that are the most important part of consumer staples and the decisive factor behind the repurchase decisions of consumers High barriers to entry (complexity, R&D, consumer insight, regulations, etc.) Competition focused on innovation, quality and service, not on price • Natural hedges for sustainable growth: • Diversified exposures to all geographies, product categories and customer segments (including premium, private label and regional players in emerging markets) • Emerging markets/urbanisation-driven growth model • Consistency in strategy, execution, result delivery and stability of management July 2023 Investor Presentation Givaudan 36#37Value creation at Givaudan Sustained value creation for shareholders Share price evolution vs SMI 1400% 1200% 1000% 800% 600% 400% 200% 0% 2000 2005 July 2023 Investor Presentation Dividend per share in CHF 80 70 60 50 40 30 20 10 0 2010 2015 2020 2000 2005 2010 2015 2020 -SMI Givaudan >CHF 30 Billion of total shareholder return since the IPO Givaudan Average annual yield of 10.5% vs 4.1% of SMI 37#388.1 7 6.5 Dividend per share Increasing 1.5% over 2021 15.4 16.3 17.6 18.8 19.5 390 340 295 273 289 262 20 20 20.6 157 145 549 21.5 22 222 36 47 512 437 117 60 50 662 604 54 54 99 56 58 720 597 594 60 60 62 42 44 64 66 67* 811 787 703 843 479 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 203 *Subject to approval by the shareholders at the AGM in March 2023 July 2023 Investor Presentation Free Cash Flow Givaudan -Dividend 38#392023 Half Year Results Solid business performance Givaudan#402023 Half year results Solid Business Performance • Sales of CHF 3,535 million, an increase of 2.4% on a like-for-like* basis and a decrease of 3.2% in Swiss francs • Strong sales performance in high growth markets, in Europe and in Fine Fragrances . • Performance improvement initiatives are well on track with first results already delivered • ⚫ EBITDA of CHF 763 million - EBITDA margin of 21.6% compared to 22.4% in 2022 ⚫ Comparable EBITDA of CHF 803 million, a margin of 22.7% compared to 22.5% in 2022 • Free cash flow of 104 million, or 2.9% of sales, an improvement of CHF 251 million over 2022 * Like-for-like: excludes the impact of currency, acquisitions and disposals July 2023 Investor Presentation Givaudan 40 40#41In CHF million 3,652 3,535 Half year sales performance Solid growth in challenging markets ■HY 2022 HY 2023 2,006 1,863 1,646 1,672 Group Fragrance & Beauty Taste & Wellbeing -3.2% 1.6% 2.4% 6.4% -7.1% -0.9% % 2023 growth in CHF % 2023 growth on LFL* basis 6.2% 4.7% 7.6% % 2022 growth on LFL* basis *Like-for-like: excludes the impact of currency, acquisitions and disposals Givaudan 41 July 2023 Investor Presentation#42In CHF million 2,076 1,954 Mature 57% July 2023 Investor Presentation -2.6% 5.4% Sales evolution by market Good performance in high growth markets 1,576 1,581 High growth HY 2022 HY 2023 55% 43% 45% % of total sales 8.9% % 2023 growth on LFL* basis 7.4% % 2022 growth on LFL* basis *Like-for-like: excludes the impact of currency, acquisitions and disposals Givaudan 42 442#43In CHF million 420 LATAM 423 Sales evolution by region Strong growth in LATAM & EAME 984 883 852 855 ■HY 2022 HY 2023 1,365 1,405 APAC NOAM EAME 11.1% 3.2% -10.6% 8.5% % 2023 growth on LFL* basis 9.0% 2.7% -1.5% 13.7% % 2022 growth on LFL* basis July 2023 Investor Presentation Givaudan * Like-for-like: excludes the impact of currency, acquisitions and disposals 43#44In CHF million 1,646 Fragrance & Beauty Sales growth of 6.4% on a LFL* basis • Fine Fragrance sales increased by 16.2% LFL* Excellent growth maintained across prestige brands, as well as with regional brands in high growth markets +1.6% 1,672 . Strong contribution of new wins Consumer Product sales increased by 3.7% LFL* Sustained growth and improving momentum in challenging market conditions Sales of Fragrance Ingredients and Active Beauty increased by 4.4% LFL* • HY 2022 HY 2023 Continued good demand against strong prior year comparable growth of 8% LFL* July 2023 Investor Presentation *Like-for-like: excludes the impact of currency, acquisitions and disposals Givaudan 44#45In CHF million Taste & Wellbeing Sales growth of -0.9% on a LFL* basis Sales by region 2022 Sales Growth 2023 Sales Growth 2,006 LFL* LFL✶ Europe -7.1% 14.0% 3.6% South Asia, Middle East and Africa 16.9% 19.1% 1,863 North America -0.9% -11.7% Latin America 17.1% 10.5% Asia Pacific 5.1% - 5.0% HY 2022 HY 2023 July 2023 Investor Presentation Sales Commentary Strong double-digit growth across all markets in SAMEA and in Latin America Good performance in Europe against strong prior year comparables Weaker volumes in North America continuing to impact growth • Asia Pacific performance impacted by weaker demand * Like-for-like: excludes the impact of currency, acquisitions and disposals Givaudan 45#462022 Full Year Results Solid business performance in a challenging environment Givaudan#472022 Full year results Solid business performance in a challenging environment • Sales of CHF 7.1 billion, up 5.3% on a like-for-like* basis and 6.5% in Swiss francs Strong contribution from high growth markets with an increase of 9.9% on a like-for-like* basis ⚫ EBITDA of CHF 1,476 million - EBITDA margin of 20.7% compared to 22.2% in 2021 Comparable EBITDA margin of 20.9% compared to 22.5% in 2021 • Free cash flow of CHF 479 million or 6.7% of sales • Proposed dividend of CHF 67.00 per share, up 1.5% year-on-year *Like-for-like: excludes the impact of currency, acquisitions and disposals July 2023 - Investor Presentation Givaudan 47#48In CHF million 6,684 7,117 Sales performance Solid growth in both divisions ■FY 2021 FY 2022 3,861 3,091 3,256 3,593 Group Fragrance & Beauty Taste & Wellbeing 5.3% 5.5% 5.2% % 2022 growth on LFL* basis 6.5% 5.3% 7.5% % 2022 growth in CHF 7.1% 6.6% 7.6% % 2021 growth in LFL* basis July 2023 Investor Presentation Givaudan *Like-for-like: excludes the impact of currency, acquisitions and disposals 48#49In CHF million 723 838 LATAM Sales evolution by region Strong performance in EAME and LATAM ■FY 2021 FY 2022 2,626 2,449 1,688 1,772 1,824 1,881 APAC NOAM EAME 10.4% 5.2% -5.4% 11.9% % 2022 growth on LFL* basis 15.9% 5.0% 3.1% 7.2% % 2022 growth in CHF 14.4% 5.7% 4.8% 7.8% % 2021 growth on LFL* basis *Like-for-like: excludes the impact of currency, acquisitions and disposals July 2023 Investor Presentation Givaudan 49#50EBITDA in CHF million Operating performance Group 42.7%← Gross margin in % → 38.8% 1,482 1,476 FY 2021 FY 2022 22.2% EBITDA Margin 20.7% 22.5% Comparable EBITDA Margin 20.9% July 2023 Investor Presentation Sales of CHF 7,117 million, an increase of 5.3% on a like-for- like basis* and 6.5% in Swiss francs EBITDA of CHF 1,476 million, compared to CHF 1,482 million in 2021 EBITDA margin of 20.7% compared to 22.2% in 2021, with the comparable EBITDA margin at 20.9% versus 22.5% in 2021 Givaudan As % of sales *Like-for-like: excludes the impact of currency, acquisitions and disposals 50#51Sales in CHF million 696- EBITDA in CHF million Operating performance Fragrance & Beauty 698 +5.5% LFL growth 3,256 3,091 FY 2021 FY 2022 22.5% EBITDA Margin 21.4% 22.6% Comparable EBITDA Margin 21.6% July 2023 Investor Presentation Sales of CHF 3,256 million, an increase of 5.5% on a like- for-like basis and 5.3% in Swiss francs. EBITDA of CHF 698 million, compared to CHF 696 million in 2021 Acquisition and restructuring costs of CHF 4 million, compared to CHF 2 million in 2021 EBITDA margin of 21.4% compared to 22.5% in 2021, with the comparable EBITDA margin at 21.6% versus 22.6% in 2021 Givaudan As % of sales * Like-for-like: excludes the impact of currency, acquisitions and disposals 51#52Sales in CHF million Operating performance Taste & Wellbeing EBITDA 786 778 in CHF million +5.2% LFL growth 3,861 3,593 FY 2021 FY 2022 21.9% EBITDA Margin 20.1% 22.4% Comparable EBITDA Margin 20.3% July 2023 Investor Presentation Sales of CHF 3,861 million, an increase of 5.2% on a like- for-like basis and of 7.5% in Swiss francs * EBITDA of CHF 778 million, compared to CHF 786 million in 2021 Acquisition and restructuring costs of CHF 6 million, compared to CHF 20 million in 2021 EBITDA margin of 20.1% compared to 21.9% in 2021. The comparable EBITDA margin was 20.3% versus 22.4% in 2021 Givaudan As % of sales * Like-for-like: excludes the impact of currency, acquisitions and disposals 52 2#53In CHF million 843 FY 2021 12.6% As % of sales July 2023 Investor Presentation Free cash flow 6.7% of sales 479 FY 2022 6.7% Free cash flow of CHF 479 million, compared to CHF 843 million in 2021. Free cash flow is 6.7% of sales compared to 12.6% in 2021 Operating cash flow of CHF 948 million, compared to CHF 1,288 million in 2021 Total net investments of CHF 289 million, or 4.1% of sales, as the Group continued to invest in growth and the integration of recent acquisitions. The net investments in 2021 were 3.7% of sales Net Working capital of 26.8% of sales compared to 24.0% in 2021 Givaudan 53#54Balanced debt structure Debt maturities and average borrowing rates The weighted average effective interest rate for the Group is 1.74% (2021: 1.37%). Debt maturity in CHF million Average interest rates in % 2.45 % 1,050 1.72 % 475 2.57 % 373 307 1.17 % 766 1.51 % 0.34 % 1.63 % 171 157 150 1.74% 938 0.63% 200 1.63% 492 Cash & Cash Equivalents 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 July 2023 Investor Presentation Givaudan 54#55For further information 2022 reporting suite Givaudan#56givaudan.com/investors Where to find more information Reporting suite 2022 Integrated Annual Report 2022 Integrated Annual Report (PDF and print) Givaudan givaudan.com/sustainability 2022 Governance, Compensation & Financial Report (PDF) 2022 Governance, Compensation and Financial Report Digital Integrated Annual Report July 2023 Investor Presentation Givaudan Givaudan 2022 Integrated Annual Report READ MORE GRI Content Index SASB Standards TCFD Recommendations 2022 Sustainability Report (PDF) 2022 Sustainability Report Following Git Standards Givaudan 99 56#57Disclaimer 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 for the use of it. No offer and no solicitation: The information provided on this handout does not constitute an offer of or solicitation for the purchase or disposal, trading or any transaction in any Givaudan securities. Investors must not rely on this information for investment decisions. Forward-looking information: This handout may contain forward-looking information. Such information is subject to a variety of significant uncertainties, including scientific, business, economic and financial factors, and therefore actual results may differ significantly from those presented. Copyright © 2023 Givaudan SA. All rights reserved. July 2023 Investor Presentation Givaudan 57 40#58Follow us on social media @givaudan in fl Givaudan Human by nature#59Empty