July 2023 Investor Presentation

In 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

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