22 Financial value creation Financial value creation Givaudan Group full year sales In Fragrance & Beauty the product segments most affected in were CHF 6,684 million, an the first phases of the COVID-19 pandemic, namely Fine Fragrances and to a lesser extent Active Beauty, delivered increase of 7.1% on a like-for-like excellent double-digit growth in 2021, demonstrating strong basis and 5.7% in Swiss francs consumer demand for these product categories. when compared to 2020. In Taste & Wellbeing, there was excellent sales growth in the beverage, savoury and snacks categories, as well as in the strategic focus areas of plant-based proteins, health and wellness and naturals. In addition, there was a progressive Fragrance & Beauty sales were CHF 3,091 million, an increase of recovery in the foodservice segment, as restrictions in relation 6.6% on a like-for-like basis and 5.8% in Swiss francs. to out-of-home food and beverage consumption started to be eased in certain markets. Taste & Wellbeing sales were CHF 3,593 million, an increase of 7.6% on a like-for-like basis and 5.7% in Swiss francs. With higher input costs in 2022, the company is implementing price increases in collaboration with its customers to fully As the COVID-19 pandemic continued to have an impact on a compensate for the increases in input costs. global level, Givaudan sustained good business momentum whilst maintaining its operations and global supply chain at a Outlook high level, despite ongoing challenges in certain parts of the Visibility remains short due to ongoing impacts related to the supply chain. The strong sales growth was achieved across all COVID-19 pandemic, however, we have consistently shown our product segments and geographies, with the mature markets resilience and we remain confident in our portfolio, our creative growing at 6.3% and the high growth markets at 8.3% on a like- strengths and our strong start to the 2025 strategic cycle. Our for-like basis. business is a systemically important part of the overall food and consumer products value chain. From the onset of the COVID-19 crisis and in line with our I am very pleased with the purpose, we will continue to be strongly focused on protecting and supporting our employees, on maintaining operations and successful start that we have made supply chain performance at high level to meeting the demands into our 2025 strategic cycle, with of our customers, and taking care of the communities in which all parts of our business and our we operate. strategic focus areas contributing to the strong financial results that we have achieved in 2021. Gilles Andrier, CEO Givaudan – 2021 In a Nutshell