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© Sensient Technologies 2026 sensient.com Sensient Technologies Corporation Third Quarter 2026 Earnings Call October 30, 2026
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© Sensient Technologies 2026 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 2026 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 “2026 Financial Outlook” and “Consolidated Full Year 2026 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 market 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, regu latory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; the availability and cos t of labor, logistics, and transportation; the pace and nature of new product introductions by the Company and the Company’s customers; the Company’s ability to anticipate and respo nd to changing consumer preferences, changing technologies, and changing regulations; the Company’s ability to successfully implement its growth strategies; the o utcome 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 enhance its innovation efforts and drive cost efficiencies; currency exchange rate fluctuations; and other factors included in “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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 condition, and results of operation s. 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 2026 sensient.com Quarterly Results & Business Update 4
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© Sensient Technologies 2026 sensient.com 5 Q3 2026 Consolidated Results (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2026 sensient.com 6 Local Currency1 Results Commentary Color Group Performance Revenue • Growth in the quarter driven primarily by strong volume growth Operating Results • Strong operating leverage in the quarter primarily due to volume growth in the Food & Pharmaceutical product line • Adjusted EBITDA Margin1 for the Group was 25.1% in Q3 2026, up 40 bps from Q3 2025 (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2026 sensient.com 7 Flavors & Extracts Group Performance Revenue • Growth in the quarter driven by higher prices and volume growth Operating Results • Favorable operating leverage in the quarter primarily due to favorable pricing • Adjusted EBITDA Margin1 for the Group was 18.5% in Q3 2026, up 80 bps from Q3 2025 (1) See appendix for our GAAP to Non-GAAP reconciliations. Local Currency1 Results Commentary
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© Sensient Technologies 2026 sensient.com 8 Asia Pacific Group Performance Revenue • Growth in the quarter driven by strong volume growth and higher prices across the Group Operating Results • Strong operating leverage in the quarter due to volume growth across the Group and favorable prices • Adjusted EBITDA Margin1 for the Group was 27.5% in Q3 2026, up 330 bps from Q3 2025 (1) See appendix for our GAAP to Non-GAAP reconciliations. Local Currency1 Results Commentary
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© Sensient Technologies 2026 sensient.com (1) Represents outlook as of our earnings release provided on October 30, 2026, 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 2026 Outlook Local Currency Revenue2 • Growth rate of high single to low double-digits Local Currency Adjusted EBITDA2 • Growth rate of mid-teen to high teen Local Currency Adjusted EPS2 • Growth rate of mid-teen to high teen
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© Sensient Technologies 2026 sensient.com Value of Color Consumer Research Series 10 • Beverages • Dairy • Confections • Cereal • Sweet Snacks • Salty Snacks • Pet Food • Purchase Intent • Overall Liking • Visual Appeal • Taste Perception • Flavor Perception • Willingness to Pay • Sweet/Salty Perception • Color Conversion Acceptance • Multiple Phase Approach • Engaged Over 12,000 Consumers • Blind and Comparative Sampling Utilized Methodology 8 Attributes Tested 7 Categories; 75+ Products
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© Sensient Technologies 2026 sensient.com Value of Color Category Spotlight : Cereal Insights 11 Flavor Perception: • Color variety and vibrancy significantly amplify flavor intensity for the consumer. Natural Color Conversion Success: • Shifts in visual vibrancy and color variety during an artificial to natural color transition creates a perceived change in product flavor for consumers, despite zero modifications to the underlying flavor formulation. • Fruity cereals that maintained balanced color ratios (equal mix of warm and cool hues) through a natural color transition significantly outperformed unbalanced color mixes, because consumers perceived the intact ratio as a guarantee of consistent taste. • Maximizing visual similarity between artificial to natural cereal bridges the gap between wellness and indulgence, driving optimal taste and quality perceptions. Willingness to Pay • Consumers associate natural colors with higher quality and demonstrate a clear willingness to pay a premium. • Peak price willingness occurs when naturally colored products closely replicate artificial counterparts. Natural Color Alternatives Tested
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© Sensient Technologies 2026 sensient.com Financial Update & Outlook 12
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© Sensient Technologies 2026 sensient.com 13 (1) See appendix for our GAAP to Non-GAAP reconciliations. Q3 2026 Financial Review • Local currency revenue1 increased 10.2% • Q3 2025 results included $3.3 million of Portfolio Optimization Plan costs (approximately 9 cents per share) • Interest expense was $8.3 million in Q3 2026, up from $7.3 million in Q3 2025 • Adjusted EBITDA Margin1 increased 90 bps in the quarter Consolidated Commentary (dollars in thousands) Q3 2025 Q3 2026 Local Currency Growth1 Revenue $ 412,109 $455,841 +10.2% Operating Income (GAAP) Operating Margin $ 57,706 14.0% $ 72,449 15.9% Adjusted Operating Income1 Adjusted Operating Margin1 $ 61,029 14.8% $ 72,449 15.9% +18.6% Diluted EPS (GAAP) $ 0.87 $ 1.13 Adjusted Diluted EPS 1 $ 0.96 $ 1.13 +17.7% Adjusted EBITDA 1 Adjusted EBITDA Margin1 $ 80,530 19.5% $ 93,083 20.4% +15.4%
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© Sensient Technologies 2026 sensient.com 14 2026 Cash Flow and Debt Metrics Q3 2025 YTD Q3 2026 YTD Cash Flow from Operations $ 83.3 million $ 75.3 million Capital Expenditures $ 57.8 million $ 105.8 million Total Debt $ 712.0 million $ 790.4 million Net debt to credit adjusted EBITDA 1 2.3x 2.3x • Cash flow provided by operating activities was $40.5 million in Q3 2026 compared to $44.0 million in Q3 2025 • Net debt to credit adjusted EBITDA1 was 2.3x in Q3 2026, same in Q3 2025 Commentary (1) See appendix for our GAAP to Non-GAAP reconciliations.
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© Sensient Technologies 2026 sensient.com 15 2026 Financial Outlook1 (1) Represents outlook as of our earnings release provided on October 30, 2026, 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) The impact of foreign exchange rates is expected to be immaterial for the remainder of 2026. (4) Interest expense assumes no USD borrowing rate changes for the remainder of 2026. Metric Current Guidance Prior Guidance Local Currency Revenue 2 High single to low double-digit growth High single to low double-digit growth Local Currency Adjusted EBITDA 2 Mid-teen to high teen growth Mid-teen to high teen growth Diluted EPS (GAAP) 3 $4.15 to $4.20 $4.10 to $4.20 Local Currency Adjusted Diluted EPS 2 Mid-teen to high teen growth Mid-teen to high teen growth Capital Expenditures ~ $ 160 million $150 to $170 million Adjusted Effective Tax Rate ~ 25% ~ 25% Interest Expense4 ~ $34 million ~ $35 million
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© Sensient Technologies 2026 sensient.com 16
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© Sensient Technologies 2026 sensient.com 17 Appendix1 (1) Amounts in thousands, except percentages and per share amounts.
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© Sensient Technologies 2026 sensient.com 18 Non-GAAP Financial Measures 2026 2025 % Change Operating income (GAAP) 72,449$ 57,706$ 25.5% Portfolio Optimization Plan costs – Cost of products sold - 649 Portfolio Optimization Plan costs – Selling and administrative expenses - 2,674 Adjusted operating income 72,449$ 61,029$ 18.7% Net earnings (GAAP) 48,344$ 36,956$ 30.8% Portfolio Optimization Plan costs, before tax - 3,323 Tax impact of Portfolio Optimization Plan costs(1) - 649 Adjusted net earnings 48,344$ 40,928$ 18.1% Diluted earnings per share (GAAP) 1.13$ 0.87$ 29.9% Portfolio Optimization Plan costs, net of tax - 0.09 Adjusted diluted earnings per share 1.13$ 0.96$ 17.7% Note: Earnings per share calculations may not foot due to rounding differences. Three Months Ended September 30, (1) Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates.
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© Sensient Technologies 2026 sensient.com 19 Non-GAAP Financial Measures Revenue Total Foreign Exchange Rates Adjustments(1) Local Currency Adjusted Flavors & Extracts 3.5% 0.3% N/A 3.2% Color 18.1% 1.1% N/A 17.0% Asia Pacific 12.4% (2.4%) N/A 14.8% Total Revenue 10.6% 0.4% N/A 10.2% Operating Income Flavors & Extracts 8.8% 0.0% 0.0% 8.8% Color 22.0% 0.9% 0.0% 21.1% Asia Pacific 29.6% (2.8%) 0.0% 32.4% Corporate & Other (6.4%) 0.0% (21.8%) 15.4% Total Operating Income 25.5% 0.1% 6.8% 18.6% Diluted Earnings Per Share 29.9% 0.0% 12.2% 17.7% Adjusted EBITDA 15.6% 0.2% N/A 15.4% (1) Adjustments consist of Portfolio Optimization Plan costs. Three Months Ended September 30, 2026
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© Sensient Technologies 2026 sensient.com 20 Non-GAAP Financial Measures Revenue Total Foreign Exchange Rates Local Currency Flavors, Extracts, and Flavor Ingredients 1.7% 0.4% 1.3% Agricultural Ingredients 7.1% 0.0% 7.1% Flavors & Extracts Group 3.5% 0.3% 3.2% Food and Pharmaceutical 23.1% 1.1% 22.0% Personal Care 2.9% 0.9% 2.0% Color Group 18.1% 1.1% 17.0% Asia Pacific Group 12.4% (2.4%) 14.8% 10.6% 0.4% 10.2% Three Months Ended September 30, 2026 Total revenue
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© Sensient Technologies 2026 sensient.com 21 Non-GAAP Financial Measures Results by Segment Adjusted Adjusted Operating Income 2026 Adjustments(1) 2026 2025 Adjustments(1) 2025 Flavors & Extracts 30,519$ -$ 30,519$ 28,038$ -$ 28,038$ Color 46,054 - 46,054 37,734 - 37,734 Asia Pacific 12,364 - 12,364 9,541 - 9,541 Corporate & Other (16,488) - (16,488) (17,607) 3,323 (14,284) Consolidated 72,449$ -$ 72,449$ 57,706$ 3,323$ 61,029$ Three Months Ended September 30, (1) Adjustments consist of Portfolio Optimization Plan costs.
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© Sensient Technologies 2026 sensient.com 22 Non-GAAP Financial Measures Flavors & Extracts Group 2026 2025 Operating Income (GAAP) 30,519$ 28,038$ Depreciation and amortization 8,131 7,736 Share-based compensation expense 141 51 Adjusted EBITDA 38,791$ 35,825$ Segment Revenue 209,973$ 202,970$ Operating Income Margin (GAAP) 14.5% 13.8% Adjusted EBITDA Margin 18.5% 17.7% Three Months Ended September 30,
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© Sensient Technologies 2026 sensient.com 23 Non-GAAP Financial Measures Color Group 2026 2025 Operating Income (GAAP) 46,054$ 37,734$ Depreciation and amortization 6,512 6,249 Share-based compensation expense 197 69 Adjusted EBITDA 52,763$ 44,052$ Segment Revenue 210,343$ 178,156$ Operating Income Margin (GAAP) 21.9% 21.2% Adjusted EBITDA Margin 25.1% 24.7% Three Months Ended September 30,
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© Sensient Technologies 2026 sensient.com 24 Non-GAAP Financial Measures Asia Pacific Group 2026 2025 Operating Income (GAAP) 12,364$ 9,541$ Depreciation and amortization 580 604 Share-based compensation expense 55 22 Adjusted EBITDA 12,999$ 10,167$ Segment Revenue 47,304$ 42,082$ Operating Income Margin (GAAP) 26.1% 22.7% Adjusted EBITDA Margin 27.5% 24.2% Three Months Ended September 30,
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© Sensient Technologies 2026 sensient.com 25 Non-GAAP Financial Measures 2026 2025 % Change Operating Income (GAAP) 72,449$ 57,706$ 25.5% Depreciation and amortization 16,252 15,556 Share-based compensation expense 4,382 3,945 Portfolio Optimization Plan costs, before tax - 3,323 Adjusted EBITDA 93,083$ 80,530$ 15.6% Total Revenue 455,841$ 412,109$ Operating Income Margin (GAAP) 15.9% 14.0% Adjusted EBITDA Margin 20.4% 19.5% Three Months Ended September 30,
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© Sensient Technologies 2026 sensient.com 26 Non-GAAP Financial Measures Debt 2026 2025 Short-term borrowings 257$ 777$ Long-term debt 790,148 711,177 Credit Agreement adjustments(1) (24,933) (27,992) Net Debt 765,472$ 683,962$ Operating income (GAAP) 254,063$ 210,938$ Depreciation and amortization 62,888 61,034 Share-based compensation expense 17,124 13,688 Portfolio Optimization Plan costs, before tax 6,280 10,382 Other non-operating gains(2) (1,071) (495) Credit Adjusted EBITDA 339,284$ 295,547$ Net Debt to Credit Adjusted EBITDA 2.3x 2.3x 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.