7. Segment Information Management has determined the operating segments based on the reports reviewed by the Executive Committee that are used to allocate resources to the segments and to assess their performance. The Executive Committee considers the business from a divisional perspective: Fragrance & Beauty Manufacture and sale of fragrance and beauty products into three global business units: Fine Fragrances, Consumer Products and, Fragrance Ingredients and Active Beauty. Expressions Parfumées and Fragrance Oils are both included in Fine Fragrances and Consumer Products; and Taste & Wellbeing Manufacture and sale of taste and wellbeing products into five business units: Beverages, Dairy, Savoury, Sweet Goods and Natural Ingredients. The information of the division is reviewed by the Executive Committee primarily by region. The performance of the operating segments is based on EBITDA as a percentage of sales. Business segments Fragrance & Beauty Taste & Wellbeing Group in millions of Swiss francs Note 2021 2020 2021 2020 2021 2020 Segment sales 3,091 2,924 3,593 3,398 6,684 6,322 Less inter segment sales a – – – – – – Segment sales to third parties 3,091 2,924 3,593 3,398 6,684 6,322 EBITDA 696 677 786 720 1,482 1,397 as % of sales 22.5% 23.2% 21.9% 21.2% 22.2% 22.1% Depreciation 21 (83) (77) (121) (124) (204) (201) Amortisation 22 (65) (64) (121) (123) (186) (187) Impairment of long-lived assets 21, 22 (1) (2) (13) (3) (13) Additions to Property, plant and equipment 21 152 89 143 104 295 193 Acquisitions of Property, plant and equipment 6, 21 1 16 24 24 25 40 Additions to Intangible assets 22 38 22 33 23 71 45 Acquisitions of Intangible assets (excluding goodwill) 6, 22 101 50 121 272 222 322 Total gross investments 292 177 321 423 613 600 a) Transfer prices for inter-divisional sales are set on an arm's length basis. The amounts by division provided to the Executive Committee are measured in a consistent manner in terms of accounting policies with the consolidated financial statements. 70 Givaudan — 2021 Governance, Compensation and Financial Report Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix Notes to the consolidated financial statements