Business Portfolio and Acquisition Strategy

Business Free Cash Flow introduced as a new internal KPI for 2018 BFCF as % of Sales 13.3% 9.9% 16.4% 12.5% 11.8% 9.9% 9.9% 2012 2013 2014 2015 2016 2017 2018 Definition of BFCF: EBITDA CAPEX +/- = Change in Working Capital Business Free Cash Flow symrise 10% BFCF in % of sales in line with past year despite inventory challenges and highest ever capacity growth investment Limited EBITDA Growth vs. 2017 Working Capital Growth in line with topline growth CAPEX above guidance: 7.2% in 2018 Ambition Steady improvement of BFCF as % of sales until 2025 15

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