Givaudan (GIVN) Investor presentation summary

Business overview and strategy

• Operates in Taste & Wellbeing and Fragrance & Beauty, focusing on creativity, innovation, and collaboration to meet evolving consumer needs.

• Maintains a naturally hedged portfolio across geographies and product segments, with 51% of sales in mature markets and 49% in high-growth markets.

• Pursues a 2030 strategy centered on sustainable growth, customer reach, portfolio expansion, and caring for people, nature, and communities.

• Drives innovation through research, digital tools, and acquisitions, with over CHF 1.8 billion invested in acquisitions since 2014.

• Commits to ambitious sustainability goals, including net-zero GHG emissions by 2045 and responsible sourcing by 2030.

Financial performance

• Achieved CHF 7,472 million in group sales and CHF 1,807 million EBITDA in 2025, with a 24.2% comparable EBITDA margin.

• Sales grew 5.1% like-for-like in 2025, with high-growth markets up 8.0% and mature markets up 2.4%.

• Net income reached CHF 1,071 million (14.3% of sales), and free cash flow was CHF 1,053 million (14.1% of sales).

• EBITDA margins remained strong despite higher input costs, with Taste & Wellbeing at 21.7% and Fragrance & Beauty at 26.5% (comparable basis).

• Dividend per share increased for the 25th consecutive year, reflecting consistent value creation.

Innovation and operations

• Invested CHF 551 million in R&D in 2025 (7.4% of sales), with over 5,000 active patents and 65 research centers.

• Leverages digital tools, AI, and automation to enhance product creation, supply chain, and traceability.

• Focuses on sustainable and competitive operations, resilient supply chains, and digital solutions for customer insights and agility.

• Maintains high entry barriers through intellectual property, customer intimacy, and bespoke solutions.