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© Sensient Technologies 2025 sensient.com Sensient Technologies Corporation Third Quarter 2025 Earnings Call October 31, 2025
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© Sensient Technologies 2025 sensient.com 2 Non-GAAP Financial Measures Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan costs, (2) percentage chang es in revenue, operating income, and diluted earnings per share on an adjusted local currency basis, which eliminate the effects that result from translating its international ope rations into U.S. dollars and restructuring and other costs, including the Portfolio Optimization Plan costs, and (3) adjusted EBITDA and adjusted EBITDA Margin (which exclude Portfolio Optimization Plan costs and non-cash share based compensation expense). The Company has included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable year-over-year performance. Such information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should not be considered in isolation. Rather, they should be considered together with GAAP measures and the rest of the information included in this report. Management internally reviews each of these non-GAAP measures to evaluate performance on a comparative period-to-period basis and to gain additional insight into underlying operating and performance trends, and the Company believes the information can be ben eficial to investors for the same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.
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© Sensient Technologies 2025 sensient.com 3 Forward Looking Statements This presentation contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws including under “2025 Financial Outlook”, “Long-Term Outlook”, and “Consolidated Full Year 2025 Outlook”. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors concerning the Company’s operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company’s future financial performance include the following: the Company’s ability to manage general business, economic, and capital market conditions, including actions taken by customers in response to such ma rket conditions, and the impact of recessions and economic downturns; the impact of macroeconomic and geopolitical volatility, including inflation and shortages impacting the availability and cost of raw materials, energy, and other supplies, disruptions and delays in the Company’s supply chain, and the conflicts between Russia and Ukraine and in the Middle East; industry, regulatory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; t he availability and cost of labor, logistics, and transportation; the pace and nature of new product introductions by the Company and the Company’s customers; the Company’s ab ility to anticipate and respond to changing consumer preferences, changing technologies, and changing regulations; the Company’s ability to successfully implement its gr owth strategies; the outcome of the Company’s various productivity-improvement and cost-reduction efforts, acquisition and divestiture activities, and Portfolio Optimization Plan; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors; the Company’s ability to enhan ce its innovation efforts and drive cost efficiencies; currency exchange rate fluctuations; and other factors included in “Risk Factors” in the Company's Annual Repor t on Form 10-K for the year ended December 31, 2024, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial cond ition, and results of operations. This presentation contains time-sensitive information that reflects management’s best analysis only as of the date of this presentation. Except to the extent required by applicable laws, the Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.
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© Sensient Technologies 2025 sensient.com Quarterly Results & Business Update 4
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© Sensient Technologies 2025 sensient.com 5 Q3 2025 Consolidated Results (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2025 sensient.com 6 Local Currency1 Results Commentary Color Group Performance Revenue • Strong growth in the quarter driven by new sales wins and favorable pricing across the Group Operating Results • Strong operating leverage in the quarter primarily due to favorable pricing and volume growth • Adjusted EBITDA Margin1 for the Group was 24.7% in Q3 2025, up 250 bps from Q3 2024 (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2025 sensient.com 7 Flavors & Extracts Group Performance Revenue • Strong growth within Flavors, Extracts, and Flavor Ingredients • As previously discussed, lower demand in Agricultural Ingredients (formerly known as Natural Ingredients) is anticipated to continue throughout 2025 Operating Results • Operating leverage improved in the quarter due to growth within the Flavors, Extracts, and Flavor Ingredients business • Adjusted EBITDA Margin1 for the group was 17.7% in Q3 2025, up 130 bps from Q3 2024 (1) See appendix for our GAAP to Non-GAAP reconciliations. Local Currency1 Results Commentary
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© Sensient Technologies 2025 sensient.com 8 Asia Pacific Group Performance Revenue • Driven by lower volumes within certain regions across the group but benefited by new sales wins Operating Results • YOY operating income was relatively flat • Adjusted EBITDA Margin1 for the Group was 24.2% in Q3 2025, up 40 bps from Q3 2024 (1) See appendix for our GAAP to Non-GAAP reconciliations. Local Currency1 Results Commentary
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© Sensient Technologies 2025 sensient.com (1) Represents outlook as of our earnings release provided on October 31, 2025, and does not constitute an update or reissuance as of any later date. (2) This is a non-GAAP financial measure. We are not able to provide a reconciliation of this forward-looking measure as certain information required for such reconciliation, such as the impact of translating our international operations into U.S. Dollars, is not available without unreasonable efforts and we are not able to determine th e probable significance of such items. 9 Business Outlook1 Consolidated Full Year 2025 Outlook Local Currency Revenue2 • Growth rate of mid-single-digit Local Currency Adjusted EBITDA2 • Growth rate of double-digits Local Currency Adjusted EPS2 • Growth rate of double-digits Local Currency Revenue2 • Growth rate of mid-single-digit Local Currency Adjusted EBITDA2 • Growth rate of high single-digit Material Natural Color conversion activity would be incremental to these growth expectations Long-Term Outlook
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© Sensient Technologies 2025 sensient.com 10 Current Synthetic Color Regulatory Actions – U.S. Food and Beverage* *As of October 27, 2025 Shifting Regulatory Environment Provides Opportunity First School Lunch Ban West Virginia August 2025 Red 3 Ban U.S. Federal Ban January 2027 State-wide warning labels for colors Texas January 2027 First state-wide synthetic color ban West Virginia January 2028 Synthetic to Natural Color Conversion • In the U.S., and selectively throughout Latin America, our synthetic colors revenue for the food and nutraceutical market is approximately $100M • Conversion from synthetic to natural varies but can result in a conversion factor of approximately 10-to-1 • Natural colors continue to grow above overall company mid-term outlook
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© Sensient Technologies 2025 sensient.com Source: https://www.fda.gov/food/color-additives-information-consumers/tracking-food-industry-pledges-remove-petroleum-based-food-dyes FDA Tracking the Industry: Pledges to Remove Synthetic Food Dyes The FDA is maintaining a tracker highlighting companies in the food and beverage industry that "are stepping up and reformulating their products with alternative colors derived from natural sources and setting ambitious timelines to complete the transition." 11 • American Bakers Association • Conagra Brands, Inc. • Consumer Brands Association • Danone U.S. • General Mills, Inc. • Grupo Bimbo, S.A.B. de C.V. • In-N-Out Burger • International Dairy Foods Association • Kellanova • Mars, Inc. Included Companies • McCormick & Company, Inc. • Nestle S.A. • PepsiCo, Inc. • PIM Brands, Inc. • The Hershey Company • The J.M. Smucker Company • The Kraft Heinz Company • Tyson Foods, Inc. • Walmart Inc. • WK Kellogg Co.
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© Sensient Technologies 2025 sensient.com 2025 Natural Color Highlights 12 Integrated Safety Certification and Hazards Analysis Program for colors derived from botanical sources Rigorous screening for: • Pesticides • Heavy Metals • Microbiologicals • Adulteration • Unauthorized Solvents ✓ Comprehensive vendor certification ✓ Stringent quality testing on every batch of raw materials ✓ Good manufacturing practices ✓ Full raw material traceability ✓ Employee & site safety Orange Deodorized to remove Off- Notes; Clear Bright Orange Paprika Solution Ideal for: • Beverage • Baked Goods • Dairy • Confection ✓ Exceptional and brightest Yellow 6 natural alternative ✓ Clear hue ✓ No flavor or odor off-notes ✓ Kosher, Halal, and Non-GMO
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© Sensient Technologies 2025 sensient.com Taste Modulation: Sensient’s Taste Elevating Technologies 13 BioSymphony Sensient’s signature innovation designed to elevate taste attributes. BioSymphony gives product developers flexibility to: • Raise premium taste perception • Optimize taste efficacy of any product • Exponentially expand our customers’ flavor options PureMask Ideal for balancing taste and neutralizing off notes that could originate from various ingredients in the product. • Ideal at masking/blocking undesirable, and enhancing desirable, attributes • Effectively addresses a wide variety of taste issues ranging from bitterness to aftertaste • Enhances positive attributes like taste and aroma Convert with Confidence and Raise Taste Attributes —Naturalness Looks AND Tastes Good with Sensient
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© Sensient Technologies 2025 sensient.com Financial Update & Outlook 14
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© Sensient Technologies 2025 sensient.com 15 (1) See appendix for our GAAP to Non-GAAP reconciliations. Q3 2025 Financial Review • Local currency revenue1 increased 3.5% • Q3 2025 results included $3.3 million of Portfolio Optimization Plan costs (approximately 9 cents per share) • Adjusted EBITDA Margin1 improved 190 bps in the quarter due to favorable pricing and strong volume growth Consolidated Commentary (dollars in thousands) Q3 2024 Q3 2025 Local Currency Growth1 Revenue $ 392,613 $ 412,109 +3.5% Operating Income (GAAP) Operating Margin $ 50,520 12.9% $ 57,706 14.0% Adjusted Operating Income1 Adjusted Operating Margin1 $ 51,731 13.2% $ 61,029 14.8% +15.7% Diluted EPS (GAAP) $ 0.77 $ 0.87 Adjusted Diluted EPS 1 $ 0.80 $ 0.96 +17.5% Adjusted EBITDA 1 Adjusted EBITDA Margin1 $ 69,260 17.6% $ 80,530 19.5% +14.3%
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© Sensient Technologies 2025 sensient.com 16 2025 Cash Flow and Debt Metrics Q3 2024 QTD Q3 2025 QTD Cash Flow from Operations $ 76.8 million $ 44.0 million Capital Expenditures $ 13.2 million $ 19.8 million Total Debt $ 643.4 million $ 712.0 million Net debt to credit adjusted EBITDA 1 2.4x 2.3x • Cash flow from operating activities was $44.0 million in Q3 2025, which decreased 42.8% compared to Q3 2024 primarily due to higher use of cash for working capital • Net debt to credit adjusted EBITDA1 was 2.3x in Q3 2025, down from 2.4x in Q3 2024 Commentary (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2025 sensient.com 17 2025 Financial Outlook1 (1) Represents outlook as of our earnings release provided on October 31, 2025, and does not constitute an update or reissuance as of any later date. (2) This is a non-GAAP financial measure. We are not able to provide a reconciliation of this forward-looking measure as certain information required for such reconciliation, such as the impact of translating our international operations into U.S. Dollars, is not available without unreasonable efforts and we are not able to determine the probable significance of such items. (3) Diluted EPS (GAAP) includes approximately $0.28/share of Portfolio Optimization Plan costs. Total plan costs are expected to be approximately $48M. (4) Interest expense assumes no additional USD borrowing rate reductions for 2025. Metric Current Guidance Prior Guidance Local Currency Revenue 2 Mid-single-digit growth Mid-single-digit growth Local Currency Adjusted EBITDA 2 Double-digit growth High single-digit growth Diluted EPS (GAAP) $3.13 to $3.23 3 $3.13 to $3.23 Local Currency Adjusted Diluted EPS 2 Double-digit growth High single-digit to double-digit growth Capital Expenditures ~ $100 million ~ $100 million Adjusted Effective Tax Rate ~ 25% ~ 25% Interest Expense4 Slight increase over prior year Slight increase over prior year
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© Sensient Technologies 2025 sensient.com 18
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© Sensient Technologies 2025 sensient.com 19 Appendix1 (1) Amounts in thousands, except percentages and per share amounts.
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© Sensient Technologies 2025 sensient.com 20 Non-GAAP Financial Measures 2025 2024 % Change Operating income (GAAP) 57,706$ 50,520$ 14.2% Portfolio Optimization Plan costs – Cost of products sold 649 209 Portfolio Optimization Plan costs – Selling and administrative expenses 2,674 1,002 Adjusted operating income 61,029$ 51,731$ 18.0% Net earnings (GAAP) 36,956$ 32,690$ 13.0% Portfolio Optimization Plan costs, before tax 3,323 1,211 Tax impact of Portfolio Optimization Plan costs(1) 649 (17) Adjusted net earnings 40,928$ 33,884$ 20.8% Diluted earnings per share (GAAP) 0.87$ 0.77$ 13.0% Portfolio Optimization Plan costs, net of tax 0.09 0.03 Adjusted diluted earnings per share 0.96$ 0.80$ 20.0% Note: Earnings per share calculations may not foot due to rounding differences. (1) Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates. Three Months Ended September 30,
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© Sensient Technologies 2025 sensient.com 21 Non-GAAP Financial Measures Revenue Total Foreign Exchange Rates Adjustments(1) Local Currency Adjusted Flavors & Extracts (0.2%) 1.0% N/A (1.2%) Color 9.9% 2.0% N/A 7.9% Asia Pacific 0.7% 1.0% N/A (0.3%) Total Revenue 5.0% 1.5% N/A 3.5% Operating Income Flavors & Extracts 8.4% 0.6% 0.0% 7.8% Color 26.6% 2.8% 0.0% 23.8% Asia Pacific 2.5% 2.3% 0.0% 0.2% Corporate & Other 21.8% 0.0% 13.9% 7.9% Total Operating Income 14.2% 2.4% (3.9%) 15.7% Diluted Earnings Per Share 13.0% 2.6% (7.1%) 17.5% Adjusted EBITDA 16.3% 2.0% N/A 14.3% Three Months Ended September 30, 2025 (1) Adjustments consist of Portfolio Optimization Plan costs.
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© Sensient Technologies 2025 sensient.com Revenue Total Foreign Exchange Rates Local Currency Flavors, Extracts, and Flavor Ingredients 6.1% 1.6% 4.5% Agricultural Ingredients (11.0%) 0.0% (11.0%) Flavors & Extracts Group (0.2%) 1.0% (1.2%) Food and Pharmaceutical 12.3% 1.7% 10.6% Personal Care 3.3% 2.8% 0.5% Color Group 9.9% 2.0% 7.9% Asia Pacific 0.7% 1.0% (0.3%) 5.0% 1.5% 3.5%Total revenue Three Months Ended September 30, 2025 22 Non-GAAP Financial Measures
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© Sensient Technologies 2025 sensient.com 23 Non-GAAP Financial Measures Results by Segment Adjusted Adjusted Operating Income 2025 Adjustments(1) 2025 2024 Adjustments(1) 2024 Flavors & Extracts 28,038$ -$ 28,038$ 25,862$ -$ 25,862$ Color 37,734 - 37,734 29,806 - 29,806 Asia Pacific 9,541 - 9,541 9,307 - 9,307 Corporate & Other (17,607) 3,323 (14,284) (14,455) 1,211 (13,244) Consolidated 57,706$ 3,323$ 61,029$ 50,520$ 1,211$ 51,731$ Three Months Ended September 30, (1) Adjustments consist of Portfolio Optimization Plan costs.
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© Sensient Technologies 2025 sensient.com 24 Non-GAAP Financial Measures Flavors & Extracts Group 2025 2024 Operating Income (GAAP) 28,038$ 25,862$ Depreciation and amortization 7,736 7,576 Share-based compensation expense 51 - Adjusted EBITDA 35,825$ 33,438$ Segment Revenue 202,970$ 203,279$ Operating Income Margin (GAAP) 13.8% 12.7% Adjusted EBITDA Margin 17.7% 16.4% Three Months Ended September 30,
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© Sensient Technologies 2025 sensient.com 25 Non-GAAP Financial Measures Color Group 2025 2024 Operating Income (GAAP) 37,734$ 29,806$ Depreciation and amortization 6,249 6,236 Share-based compensation expense 69 - Adjusted EBITDA 44,052$ 36,042$ Segment Revenue 178,156$ 162,080$ Operating Income Margin (GAAP) 21.2% 18.4% Adjusted EBITDA Margin 24.7% 22.2% Three Months Ended September 30,
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© Sensient Technologies 2025 sensient.com 26 Non-GAAP Financial Measures Asia Pacific Group 2025 2024 Operating Income (GAAP) 9,541$ 9,307$ Depreciation and amortization 604 623 Share-based compensation expense 22 - Adjusted EBITDA 10,167$ 9,930$ Segment Revenue 42,082$ 41,778$ Operating Income Margin (GAAP) 22.7% 22.3% Adjusted EBITDA Margin 24.2% 23.8% Three Months Ended September 30,
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© Sensient Technologies 2025 sensient.com 27 Non-GAAP Financial Measures 2025 2024 % Change Operating Income (GAAP) 57,706$ 50,520$ 14.2% Depreciation and amortization 15,556 15,460 Share-based compensation expense 3,945 2,069 Portfolio Optimization Plan costs, before tax 3,323 1,211 Adjusted EBITDA 80,530$ 69,260$ 16.3% Total Revenue 412,109$ 392,613$ Operating Income Margin (GAAP) 14.0% 12.9% Adjusted EBITDA Margin 19.5% 17.6% Three Months Ended September 30,
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© Sensient Technologies 2025 sensient.com 28 Non-GAAP Financial Measures Debt 2025 2024 Short-term borrowings 777$ 17,811$ Long-term debt 711,177 625,627 Credit Agreement adjustments(1) (27,992) (22,633) Net Debt 683,962$ 620,805$ Operating income (GAAP) 210,938$ 157,646$ Depreciation and amortization 61,034 59,645 Share-based compensation expense 13,688 8,628 Portfolio Optimization Plan costs, before tax 10,382 33,616 Other non-operating gains(2) (495) (998) Credit Adjusted EBITDA 295,547$ 258,537$ Net Debt to Credit Adjusted EBITDA 2.3x 2.4x Trailing Twelve Months Ended September 30, (1) Adjustments include cash and cash equivalents, as described in the Company's Fourth Amended and Restated Credit Agreement (Credit Agreement), and certain letters of credit and hedge contracts. (2) Adjustments consist of certain financing transaction costs, certain non-financing interest items, and gains and losses related to certain non-cash, non-operating, and/or non-recurring items as described in the Credit Agreement.