Sika (SIKA) AGM 2025 summary

Opening remarks and agenda

• Warm welcome extended to shareholders, board members, employees, and alumni, with emphasis on tradition and safety protocols at the venue.

• Meeting setup and agenda were communicated in accordance with legal and statutory requirements, with all documents and reports made available in advance.

• Electronic voting procedures and participation guidelines were explained, with provisions for proxy voting and Q&A registration.

• The meeting outlined the agenda, including a review of 2024, outlook for 2025, statutory items, and a focus on Strategy 2028's first year of execution.

Financial performance review

• Record net sales of CHF 11.76 billion in 2024, up 7.4% in local currencies, with strong growth in all regions.

• EBITDA margin increased to 19.3%, with EBITDA up 11% to CHF 2,269.5 million.

• Net profit increased by 17.4% to CHF 1,247.6 million, with net profit margin above 10%.

• Diluted EPS rose 16.7% to CHF 7.76; earnings per share up nearly 50% over the period.

• Dividends have grown 200% over the past decade, with a proposed payout of CHF 3.60 per share for 2024.

Strategic initiatives and plans

• Strategy 2028 targets 6-9% annual sales growth, 20-23% EBITDA margin, >10% operating free cash flow, and 20-25% ROCE.

• Focus on market penetration, innovation, sustainability, and acquisitions, with MBCC integration exceeding synergy targets.

• Three new acquisitions completed in 2025, with ongoing screening of 80+ candidates annually.

• Investments in new plants and capacity expansions in China, Indonesia, Peru, Singapore, and acquisitions in the US, Dominican Republic, and Peru.

• 2025 plans include new plants in Singapore and China, and acquisitions in Singapore, UK, and North America.