Business Portfolio and Acquisition Strategy

Driving growth through targeted investments ... especially in R&D, technology and capacity expansion symrise Selected growth initiatives and capacity expansion 2018 Pet Food Elven/France Production. €10m + Pet Food Cervera/Spain Production. €7m Fragrances Shanghai/China R&D. €8m In Єm 7.2% 5-6% of group sales 226 -200 2018 2019 est. 2018 Flavors Branchburg/USA Technology. €10m Food Ingredients Banks County/USA Production. €50m Aroma Molecules Holzminden/Germany Production. €10m 2019 Fragrances Holzminden/Germany Technology. €15m Menthol Charleston/USA Production. €30m + Cosmetic Ingredients Charleston/USA Production. €20m + Fragrances/Flavors Nantong/China Production. €50m Logistic Holzminden/Germany New Site. €10m 21

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