Slides
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SIKA HALF-YEAR 2026 STRONG EXECUTION, GROWTH GUIDANCE RAISED Sika Half-Year Presentation July 28, 2026
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1. Highlights Half-Year 2026 2. Financial Performance 3. Strategy Execution 4. Business Implementation 5. Outlook
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1. Highlights Half-Year 2026
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HALF-YEAR 2026 HIGHLIGHTS 4 LC GROWTH ACCELERATES TO 4.0%, FY GUIDANCE RAISED Reported sales of CHF 5.59 billion Local currency growth of 4.0% Material margin up 60 bps year-on-year to 55.7% EBITDA > CHF 1 bn, margin up 10 bps year-on-year 19.0% Fast Forward Program on track Full-year 2026 growth guidance raised
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+2.9 % Americas GLOBAL GROWTH OF 4.0% IN LOCAL CURRENCIES 5 REGION EMEA WITH LOCAL CURRENCY GROWTH OF +7.7% +7.7% EMEA 1.90 2.63 -2.0% Asia/Pacific 1.06 HY1 2025 (in CHF billion, growth in LC) HY1 2026 -0.2 organic growth +1.1% acquisition effect -7.9% currency impact +4.0% GROUP 5.59
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ACCELERATING SHARE GAINS IN 2026 SIKA IS CONSISTENTLY GAINING MARKET SHARE 6 Sika vs. Peers, Organic Growth Avg. outperformance: +2.2% per year Sika excl. China Construction vs. Peers Avg. outperformance: +2.8% per year 1.2% 1.1% -0.4% -0.2% -3.1% -0.9% -1.0% -2.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 2023 2024 2025 Q1 2026 Sika Peers 0.1% 1.8% 1.2% 1.0% -3.1% -0.9% -1.0% -2.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 2023 2024 2025 Q1 2026 Sika excl. China
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7 DEMAND-DRIVEN INVESTMENTS IN PLANTS AND NETWORK ACTIONS TO ACCELERATE PROFITABLE GROWTH IN 2026 New plant in Colombia Mortars, tile adhesives, interior wall finishing, acrylic coatings, and concrete admixtures New plant in Florida, USA State-of-the art concrete admixture facility New plant in Argentina Dry mortar products New plant in Tanzania Mortars, admixtures, specialized grouts for mining and construction New plant in Bangladesh Concrete admixtures and mortars New plant in New Jersey, USA Large-scale mortar production plant New plant in Belgium Plant and technical center for concrete admixtures New national subsidiary in Kyrgyzstan Expanding Sika’s global network to 103 national subsidiaries
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ACTIONS TO ACCELERATE PROFITABLE GROWTH IN 2026 BOLT-ON ACQUISITIONS – CLOSING OF FINJA, SIGNING OF AKKIM 8 Finja: Leading Swedish producer of a wide range of mortars and integrated solutions. CHF 62 million sales in 2025 Akkim: Leading manufacturer of adhesives and sealants based in Turkey. Expected to close in Q3. CHF 220 million sales in 2025 ▪ Strong portfolio and wide distribution network will drive accelerated growth in sealants and adhesives ▪ Expanded geographic presence across growth markets ▪ Considerable cross-selling potential by leveraging increased customer and channel access ▪ Large-scale production facilities will enable a more efficient operational footprint and serve as export hubs ▪ Enhanced portfolio and customer reach enable significant cross-selling opportunities ▪ Highly efficient production sites, with ample room for expansion, driving further growth in Sweden and the Nordics ▪ Leveraging Finja’s expertise in low-carbon mortars, cold climate solutions, and advanced digital tools across the region
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SIKA SOLUTIONS IN EVERY FOOTBALL WORLD CUP STADIUM FULL RANGE FOR HIGH-REQUIREMENT PROJECTS 9 FROM ROOFS TO FOUNDATIONS Sika technologies enhance durability, reduce maintenance requirements, and improve sustainability, ensuring stadiums perform reliably throughout their entire lifecycle. Sika is the trusted partner for the world’s most iconic stadiums, with solutions used in ALL 16 World cup 2026 stadiums. Sika is currently highly active in Portugal, Morocco, and Spain for upcoming tournaments. Roofing solutions Facade systems Adhesives and sealants Flooring solutions Anchoring grouts Above- and below- ground waterproofing Concrete admixtures and fibers Fire protection Concrete repair Expansion joints
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ACHIEVES RECORD EMPLOYEE ENGAGEMENT SCORE 10 SURPASSING STRATEGIC TARGET AND PRIOR RESULTS ENGAGEMENT SCORE 88 RECORD ENGAGEMENT SCORE Fueled by strong purpose and confidence in management and the future success of Sika Improvement versus 2024 and significantly surpassing external benchmarks and Strategy 2028 HIGH PARTICIPATION RATE 88%
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2. Financial Performance
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SALES GROWTH OF 4.0% IN LOCAL CURRENCY NET SALES BRIDGE HALF-YEAR 2026 +245.8 +64.3 Organic excl. China Construction Acquisitions H1 2026 adj. in LC excl. China Construction -81.9 China Construction H1 2026 adj. in LC -314.7 FX Impact H1 2026 (reported) 5,676.4 5,986.4 5,904.5 5,589.8 H1 2025 (reported) +5.5% FXOPERATIONAL -1.5% -5.5% 12 -1.5% In CHF mn
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13 ORGANIC GROWTH OF 2.9% LOCAL CURRENCY GROWTH REBOUNDS IN FIRST HALF 2026 acquisition organic in LC in CHF mn Sales 5,928.3 5,676.4 5,524.9 5,589.8 H2 2024 H1 2025 H2 2025 H1 2026 1.7% 0.6% -1.5% 2.9% 0.9% 1.0% 1.0% 1.1% 2.6% 4.0% -0.5% 1.6%
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SOLID HALF-YEAR PERFORMANCE 14 MARGINS UP YEAR-ON-YEAR in CHF mn H1 2025 NS H1 2026 NS Growth Net sales 5,676.4 100% 5,589.8 100% -1.5% Gross result 3,129.1 55.1% 3,115.3 55.7% -0.4% Personnel expenses -1,099.5 -19.3% -1,067.0 -19.1% -3.0% Other OPEX -959.2 -16.9% -985.3 -17.6% 2.7% EBITDA 1,070.4 18.9% 1,063.0 19.0% -0.7% Depreciation and amortization -272.3 -4.8% -266.9 -4.8% -2.0% EBIT 798.1 14.1% 796.1 14.2% -0.3% Net profit 554.4 9.8% 552.1 9.9% -0.4% Operating free cash flow 181.9 3.2% 139.6 2.5% -23.3%
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15 +0.6% +0.5% +0.2% Material Margin Increase Non-Mat Cost Growth / One Timers Fast Forward M&A Synergies -0.1% Dilution from new Acquisitions EBITDA H1 26 Pre-FX EBITDA H1 26 (reported) FX Impact -0.2% 18.9% 19.2% 19.0% EBITDA H1 25 (reported) KL 5 July 2026 Transportation cost EBITDA MARGIN INCREASES TO 19.0% PRODUCTIVITY BENEFITS OFFSET COST INCREASES In CHF mn -0.9%
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HALF-YEAR 2026 OPERATING FREE CASH FLOW 16 RESILIENT OPERATING FREE CASH FLOW IN LINE WITH PRIOR YEAR 735 329 140 Net Profit before tax +267 Depr./Amort. -450 Change NWC -224 Tax / other CF operating activities -189 CapEx OFCF H1 2025 H1 2026 In CHF mn
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3. Strategy Execution
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SIKA IS STANDING ON A STRONG FOUNDATION 18 OUTGROWING MARKETS – DRIVING MARGINS Sika is capturing value-accretive bolt-on M&A opportunities with attractive returns Accelerating efficiency programs and investing in digital leadership to drive market share Near-term cyclical headwinds are dampening construction market activity Winning share and leading through innovation Sika is the leader in an attractive, fragmented market
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19 GAIN SHARE AND OUTGROW THE MARKET, PROFITABILITY STRATEGY 2028 *Sika’s growth above market, including bolt-on acquisitions **Once MBCC synergies materialized
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GLOBAL LEADER IN A CHF 100 BN INDUSTRY ATTRACTIVE FRAGMENTED MARKET Sika Market Share 12% 2x size of closest peer Sika Target Markets Value-add product focus Top 30 competitors (incl. Sika) account for 50% of market Building Finishing ~20% of total sales Industry ~15% of total sales Roofing ~15% of total sales Engineered Refurbishment ~10% of total sales Waterproofing ~10% of total sales Sealing & Bonding ~10% of total sales Concrete ~15% of total sales Flooring & Coating ~10% of total sales 20 12%
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INFRASTRUCTURE BALANCED BUSINESS MIX DIVERSIFIED EXPOSURE SUPPORTS RESILIENCE COMMERCIAL RESIDENTIAL AUTOMOTIVE & INDUSTRY 21 SALES 20% SALES 30% SALES 15% SALES 35% 55% 45% New Build Refurbishment 59% 41% Emerging Markets Mature Markets
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MARKET PENETRATION 22 GROWTH VECTORS TO INCREASE MARKET SHARE Leveraging strong position Cross- selling Multi-channel approach Go where the money is Key geographies Innovation leader
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INNOVATION IS OUR SUSTAINABLE ADVANTAGE 23 R&D DRIVES DIFFERENTIATION, MARKET SHARE, MARGIN WE INVEST CHF 280 mn annual R&D investment 1,800+ R&D specialists 16 global technology centers 100+ local R&D facilities R&D infrastructure competitors cannot easily replicate WE CREATE 234 new inventions in 2025 alone 5,500+ patents held worldwide across 5 core technology platforms Differentiated solutions, designed for customers, protected by IP WE DELIVER 23-25% of sales from products younger than 5 years +3-5 pp material margin typically on these products Investment that converts to growth and margin
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SIKAPROOF A+ WATERPROOFING MEMBRANE SYSTEM 24 PATENTED INNOVATION GROWING >25% ANNUALLY SikaProof® A+: The only patented, fully bonded pre- and post- applied waterproofing membrane system. For basement and concrete protection. Waterproofed by Sika ▪ Applicable for new construction and existing buildings ▪ Lower lifetime costs for building owners drives specification pull ▪ Fast and easy application, preferred by contractors 2023 2024 2025 FC 2026 +27% p.a. SikaProof® A+ strong growth trajectory The world’s largest airport Al Maktoum International Airport, Dubai +27% sales CAGR (‘23-’25)
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PATENTED VALUE-ADD INNOVATIONS FOR DATA CENTERS 25 THE WORLD’S FASTEST-GROWING INFRASTRUCTURE Sika fibers for reinforced concrete ▪ Eliminate steel mesh in floor slabs ▪ Improving durability and toughness while saving labor, time, and costs ▪ Best practice for reducing CO2 emissions* *Avoided Emissions Initiative led by the World Business Council for Sustainable Development (WBCSD) Self-healing membranes for flat roofs ▪ Self-healing properties prevent water damage to high-value assets ▪ Ensure long-term protection and reduce need for repair
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VALUE CREATION THROUGH M&A 26 M&A CONTRIBUTING TO GROWTH AND PROFITABILITY ▪Strong track record of accretive acquisitions, unlocking substantial post-synergy value ▪Historic post-synergy acquisition multiples prove efficient synergy generation, boosting profitability and successful capture of operational and revenue improvements ▪Driving superior capital returns *Multiples in third year post closing Pre-synergy multiple (EBITDA) Post-synergy multiple (EBITDA) MULTIPLE IMPROVEMENT DRIVEN BY Accelerated Revenue and Cost Synergies (cross-selling, channel expansion, operational efficiencies) EBITDA Growth 4 turns improvement
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27 DRIVING SIGNIFICANT PROFITABILITY IMPROVEMENT SUCCESSFUL MBCC INTEGRATION ⁓15.0% >20.0% MBCC 2025 EBITDA*MBCC pre-acquisition EBITDA CHF 182 mn synergies 25% Revenue synergies 75% Cost synergies ▪ SG&A ▪ Operations/ Footprint ▪ Procurement *pro forma
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FAST FORWARD 28 ON TRACK TO DELIVER CHF 80 MILLION IN BENEFITS IN 2026 One-off costs CHF 108 million* Investments CHF 120 – 150 million Benefits CHF 150 – 200 million (CHF 80 million in 2026) < 2-yr payback Up to 100% ROI + share gains *All one-off costs accounted for in 2025. CHF 86.2 million recognized in EBITDA
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FAST FORWARD INVESTMENT TO DRIVE SHARE GAINS 29 LEANER COST STRUCTURE, DIGITAL LEADERSHIP *CHF 86.2 million were recognized in EBITDA in 2025 Benefits CHF 150 – 200 million (CHF 80 million in 2026) 2026 2027 80- 110 millionTotal benefit 65% 100% Expected Benefits (CHF mn) 2025 Total costs One-off Costs (CHF mn) 108 million* 35% Expected Benefits (CHF mn) 2026 2027 2028 70-90 millionTotal benefit 15% 35% 50% Investments (CHF mn) 2026 2027 2028 Total investments 120-150 million 40% 25% 35%
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CAPITAL ALLOCATION POLICY 30 PRIORITY ON HIGH, LONG-TERM VALUE CREATION Invest in the Business ▪ Capital Expenditures ▪ Bolt-on Acquisitions 1 ▪ Organic investment in footprint expansion, capacity, and efficiency ▪ Bolt-on acquisitions create additional growth platforms and attractive equity returns Attractive Dividend ▪ Dividend Growth2 ▪ Progressive dividend policy Healthy Balance Sheet ▪ Strong Investment Grade Rating 3 ▪ Net Debt/EBITDA ratio of 1.3-2.3 ▪ Maintain strong cash flow and deleveraging profile ▪ Opportunistic share buybacks
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4. Business Implementation
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POWERING THE AI ERA: SIKA’S DATA CENTER ADVANTAGE BUSINESS IMPLEMENTATION 32 Sika solutions have been used in more than 4,000 data centers worldwide and deliver a combination of performance and long-lasting quality. Demand for data center capacity is projected to quadruple by 2030, with an estimated global investment of CHF 880 billion by 2028. Roofing Solar roof solutions Flooring Solutions for precast concrete Joint sealing Concrete admixtures and fibers Passive fire protection Waterproofing
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Germany's deepest construction site 33 FROM URBAN GROWTH TO UNDERGROUND SOLUTIONS BUSINESS IMPLEMENTATION Sika supports global projects with below-ground solutions while elevating standards in speed, sustainability, and design – enabling infrastructure to achieve lifespans of over 100 years. Underground rail lines have become priorities to improve quality of life and sustainability in cities. Rail infrastructure projects expected to reach a value of CHF 2.0 trillion over the next four years. Marienhof S-Bahn Station and Line, Munich, Germany Line 6-Orange metro, São Paolo, Brazil City Rail Link, Auckland, New Zealand One of Latin America’s most ambitious rail projects Largest infrastructure project ever undertaken in New Zealand Source: GlobalData
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BUSINESS IMPLEMENTATION 34 SHAPING THE PORTS OF THE FUTURE Sika’s marine construction solutions – high-performance concrete admixtures, waterproofing systems, advanced grouts, and corrosion- protection coatings – have been used in more than 2,000 offshore and marine structures worldwide. Deep seaport under development on Vietnam’s north coast near Hai Phong Over 80% of all goods traded worldwide travel by sea; global maritime trade will double by 2050. More than CHF 400 billion in port construction projects under way or planned worldwide. Source: World Bank, J.P.Morgan, GlobalData
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BUSINESS IMPLEMENTATION 35 ELLINIKON – BUILDING EUROPE’S GREEN CITY OF THE FUTURE Sika’s construction solutions for The Ellinikon include – High-performance concrete admixtures, waterproofing systems, roofing, and flooring across residential, commercial, hospitality, and public infrastructure. The Ellinikon mega project, the most ambitious urban regeneration project in Europe Sika is supplying the full range of innovative construction solutions for The Ellinikon, transforming the former Athens airport into a next-generation smart city backed by more than EUR 8.5 billion in investment.
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BUSINESS IMPLEMENTATION 36 ENABLING ONE OF THE WORLD’S LARGEST DAM STRUCTURES Sika deliveres performance at mega project scale and drives digital innovation on site – Sika's proprietary Sand App and Concrete Mix Design App reduce concrete trial mixes significantly – High-performance concrete admixtures and shotcrete solutions The Diamer-Basha Dam, one of the world’s largest hydropower infrastructure projects Sika is supplying advanced concrete technologies for the Diamer Basha Dam, the world's largest roller-compacted concrete (RCC) dam, designed to generate 4.5 GW of renewable hydropower. Source: World Bank, J.P.Morgan, GlobalData
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BUSINESS IMPLEMENTATION ROLLOUT OF OUR SUCCESSFUL RETAIL MODEL ▪ Digitalized end-to-end processes ▪ Customer loyalty ▪ Service level ▪ Speed ▪ Efficiency 0 50’000 100’000 150’000 200’000 250’000 300’000 350’000 2023 2025 FC 2028 POS in Asia/Pacific, excl. China Retail net sales growth, excl. China +13% CAGR 2023-2025 >15% expected CAGR 2025-2028 37 POS in China 2025: 280k
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5. Outlook
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Sales growth in local currencies of 3% to 6% EBITDA margin of 19.0% to 19.5% Up from 1% to 4% *Consensus as per publishing date of July 28, 2026 OUTLOOK 2026 RAISING LOCAL CURRENCY SALES GROWTH GUIDANCE 2028 medium-term strategic targets for sustainable, profitable growth confirmed Sika is comfortable with current consensus CHF EBITDA expectations*
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THANK YOU.