LSI Segment Divestment

Financial Highlights Strong business fundamentals deliver double-digit sales growth FY 2020 CHF million Change CER Change AER Sales CORE EBITDA 4,508 12.0% 7.2% 1,406 9.1% 5.4% CORE EBITDA margin 31.2% (0.8ppts) (0.5ppts) * Changes in CER and AER based on restated 2019 figures, reflecting the classification of Specialty Ingredients as discontinued operations Strong sale growth momentum continues across businesses Strategic growth projects impact CORE EBITDA margin by -1.2ppt (-0.4ppts YoY) Efficiency programs partially mitigate investments impact Adverse FX impact on margins are partially mitigated by natural hedges CORE definition: See appendix 13

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