Sales per region in millions of Swiss francs Fragrances & Beauty sales ¹ Ta ste & Wellbeing sales ¹ Gr oup sales ¹ 2 021 2020 2021 2020 2021 2020 Switzerland 47 35 33 33 80 68 Europe 977 882 870 833 1,847 1,715 Africa and Middle-East 273 255 249 240 522 495 North America 627 618 1,197 1,150 1,824 1,768 Latin America 370 359 354 315 724 674 Asia Pacific 797 775 890 827 1,687 1,602 Total geographical segments 3,091 2,924 3,593 3,398 6,684 6,322 1. Sales are revenues from external customers and are shown by destination. Sales performance in millions of Swiss francs 2020 Sales as reported like-for-like development 2021 Sales like-for-like Change % on like-for-like basis Acquisition impact (net) Currency effects 2021 Sales as reported Change % in Swiss francs Group 6,322 452 6,774 7. 1 % (12) (78) 6,684 5.7% - Fragrances & Beauty 2,924 194 3,118 6.6% 10 (37) 3,091 5.8% - Taste & Wellbeing 3,398 258 3,656 7. 6 % (22) (41) 3,593 5.7% Our mid and long term ambitions Over the next five years, we will continue to deliver sustainable value creation that benefits all. Our 2025 strategy, ‘Committed to Growth, with Purpose’, is our intention to deliver growth in partnership with our customers, through creating inspiring products for happier, healthier lives and having a positive impact on nature, people and communities. Ambitious financial targets remain central to this roadmap, along with the addition of purpose linked targets to show the progress we want to make towards our longer term purpose ambitions. Over the next five years, we aim to deliver: – Av erage organic sales growth of 4 5% on a like-for-like basis – Av erage free cash flow of at least 12% – Pu rpose linked targets. Our bold and ambitious long-term purpose goals are set in four domains, namely creations, nature, people and communities. Our ambitions include doubling its business through creations that contribute to happier, healthier lives by 2030, becoming climate positive before 2050, becoming a leading employer for inclusion before 2025 and sourcing all materials and services in a way that protects the environment and people by 2030. Outlook Visibility remains short due to ongoing impacts related to the COVID-19 pandemic, however, we have consistently shown our resilience and we remain confident in our portfolio, our creative strengths and our strong start to the 2025 strategic cycle. Our 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 purpose, we will continue to be strongly focussed on protecting and supporting our employees, on maintaining operations and supply chain performance at high levels to meet the demands of our customers, and taking care of the communities in which we operate. READ MORE Key figures and Consolidated financial statements ▸ pages 134–141 The full Financial Report can be found in our 2021 Governance, Compensation and Financial Report ▸ pages 40–125 Givaudan ( 2021 Integrated Annual Report Financial value creation Bu siness performance – Group 43 Financial value cration