LSI Segment Divestment

CAPEX Investments to support growth CHF million LHO Maintenance 19.7% 889 16.5% 693 2019 2020 Base Growth Projects Strategic Growth Projects Total as % Sales Bridge crossing over lake Konstanz, Germany * 2019 figures have been restated to reflect the classification of Specialty Ingredients as discontinued operations Around 70% of CAPEX in growth projects across businesses and geographies CAPEX intensive projects mainly in Mammalian manufacturing Attractive IRR>25% and ROIC >30% on ramped-up sales Investments de-risked through partially contracted demand 16

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