Business Portfolio and Acquisition Strategy

Outlook 2019 Confident to achieve targets Grow faster than symrise Targets 2019* Organic growth 5-7% CAGR سهر Strong focus on cash flow Growth dynamics Promising start into 2019 Ongoing good business dynamics and project pipeline Added competencies and further differentiated portfolio through integration of ADF/IDF Industry leading backward integration with focus on naturals Capacity expansion in growth segments and markets to fully leverage growth opportunities the relevant market > 3-4% Profitability -20% EBITDA * Impact of ADF/IDF not included 20 20

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