JULY 2022

2022 Half year results

Solid performance in a challenging environment

Gilles Andrier

Chief Executive Officer

Sales performance

2022 Half year results

Performance highlights

  • Sales of CHF 3,652 million, up 6.2% on a like-for-like* basis and 8.3% in Swiss francs
  • Good sales performance across the portfolio and markets, despite strong prior year comparables
  • Balanced growth between mature markets, up 5.4%, and high growth markets with 7.4%
  • Well on track with pricing actions to compensate for higher input costs
  • Comparable EBITDA of CHF 820 million, a margin of 22.5% compared to 24.2% in 2021
  • Free cash flow of -147 million, or -4.0% of sales, driven by higher working capital requirements and investments

* Like-for-like: excludes the impact of currency, acquisitions and disposals

Investor conference call - 2022 Half year results

4

Half year sales performance

Good growth in both divisions

In CHF million

3,373

3,652

HY 2021

HY 2022

1,564

1,646

1,809

2,006

Group

Fragrance & Beauty

Taste & Wellbeing

6.2%

4.7%

7.6%

% 2022 growth on LFL* basis

8.3%

5.3%

10.9%

% 2022 growth in CHF

7.9%

10.1%

6.1%

% 2021 growth on LFL* basis

* Like-for-like: excludes the impact of currency, acquisitions and disposals

Investor conference call - 2022 Half year results

5

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Givaudan SA published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 06:03:04 UTC.