Symrise : Fact Book 2023

Haarmann & Reimer (1874-2003)

Dragoco (1919-2003)

1973

World's first fully

synthetic production of menthol

1995

Acquisition of Florasynth, est. 1916, de Laire, est. 1876 and Lautier Fils, est. 1795

2003

Merger of Haarmann & Reimer

(€872m sales) and

Dragoco (€373m sales) by EQT

2006

IPO in Frankfurt

(Market cap. €2bn)

Symrise (since 2003)

2014

Acquisition of Diana

2016

Acquisition

of Pinova/

Renessenz

2019

Acquisition of ADF/IDF

2021

Acquisition of Fragrance & Aroma Chemicals business from Sensient and Giraffe

Promotion to the German DAX

2022

Acquisition of

Schaffelaarbos,

Groupe Neroli &

SFA Romani and

Wing Pet Food

Who is Symrise? - From past to present

Symrise today

Our Business, Purpose & Values

-

We are a global supplier of fragrances, flavors, food and cosmetic ingredients.

Our clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals

and producers of nutritional supplements and pet food.

Our Purpose

We develop sustainable, safe and tailored products that ensure quality of life and provide beauty and well-being.

We are aware of our responsibility for a future-oriented world and undertake this task with entrepreneurial spirit, innovative power and optimism.

Our values

Creativity: The driver of innovation with which we bring our

claim of "always inspiring more …" to life.

Excellence: Outstanding performance for customers, consumers and markets.

Sustainability: We are all responsible for the world we live in.

Commitment: We encourage and challenge our employees, value independent action and consider our employees and their diversity to be the key to our success.

Integrity: Trust and honesty serve as the foundation of collaboration. This is as true in working with fellow employees as it is with all of our stakeholders.

Added value: Intelligent additional benefits and integrated services for our customers, attractive and healthy product solutions for consumers and sustainable growth for Symrise.

Who is Symrise? - From past to present

Symrise's Position

In the value chain

-

IngredientsFormulation

producersdevelopers

Symrise's sweet spot

in the value chain

End

consumer

Handling complexity for our clients

Managing ~10,000raw materials

for ~35,000 products.

High barriers to entry e.g. core list system and increasing regulatory pressure.

Short term visibility requires flexibility, mobility and agility.

Industry tied to population growth and disposable income; little dependence on cyclical, economic trends.

Megatrends support organic growth

health & wellness · middle class boom & urbanization naturalness & sustainability · traceability · vegetarian/vegan/ halal/kosher food

Tailor made products with generally small volumes and decreasing product life cycles.

Global footprint key to meet local

tastes & preferences.

Sustainability & supply chain

management increasingly

important.

High market concentration

top4

(Givaudan, IFF, DSM-Firmenich and Symrise) with

~67%

Who is Symrise? - From past to present

OurMarket

Structure and competition

-

Relevant AFF* market size 2023

In €bn (approx. €40bn overall)

AFF* market share 2023

In % (market size approx. €40bn)

8.0

Aroma Molecules

and Cosmetic

Ingredients

18.4

Flavors

(inkl. Pet Food

Flavors)

13.6

Fragrances

33%

Others

12%

Symrise

18%

Givaudan

20%

IFF (Nourish & Scent)

17%

DSM-Firmenich

Sources: : IAL FLA&FRA report (13th edition, September 2022), IAL AC/AM report (3rd edition, December 2022), IAL CI report (3rd edition, December 2022).

*AFF: Aroma Molecules, Flavors and Fragrances.

Sources: Company data and own estimates