Ad Hoc Media Releases

Ad hoc announcement pursuant to Art. 53 LR

Results 2021
▪ Sales of CHF 9,252.3 million (+17.5%), sales increase in local currencies of +17.1%
▪ EBITDA increased to CHF 1,758.0 million (+17.4%)
▪ Operating profit (EBIT) increased to CHF 1,391.4 million (+23.1%), resulting in an EBIT margin of 15.0% (previous year: 14.4%)
▪ Net profit up to CHF 1,048.5 million (+27.1%)
▪ Reduction of CO2eq emissions by -10.1% to 17.6 kg per ton sold
▪ Proposal for dividend increase of 16.0% to CHF 2.90 per share (previous year: CHF 2.50)

Outlook for 2022 fiscal year
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
▪ New sustainability targets to be presented at Capital Markets Day on September 30, 2022

Sika performed well in a challenging environment in 2021, once again demonstrating the strengths of its business model. Despite the ongoing COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly by 17.5% to a record CHF 9,252.3 million. As the company implemented price increases and followed disciplined cost management, operating profit (EBIT) went up by an over-proportional 23.1%, hitting a new record figure of CHF 1,391.4 million. This equates to an EBIT margin of 15.0% compared to 14.4% the previous year. In keeping with this development, net profit rose sharply by 27.1% to an overall CHF 1,048.5 million (previous year: CHF 825.1 million).

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts sales of CHF 10.49 billion in 2022
▪ Sales growth of 15.8% in local currencies (+13.4% in CHF)
▪ Further growth platforms secured with acquisitions of Sable Marco (Canada) and UGL (USA)
▪ Closing of MBCC acquisition targeted for first half of 2023
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, USA, and China
▪ Record EBIT and an EBIT margin of 15% anticipated for the 2022 fiscal year
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika AG and INEOS Enterprises have signed an agreement for the acquisition of MBCC Group’s admixtures assets in the US, Canada, Europe, and the UK and its entire operations in Australia, and New Zealand
▪ Divestment is a key milestone for Sika to close MBCC Group acquisition
▪ Sika confirms synergy potential of CHF 160-180 million following expected closing in first half of 2023

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 55th Annual General Meeting of Sika AG on March 28, 2023

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales increase in local currencies of 21.9%
▪ First quarter sales of CHF 2,398.2 million (+20.0% in CHF)
▪ Negative currency effect of –1.9%
▪ Opening of new plants in Tanzania and Ivory Coast

Outlook for fiscal 2022 confirmed
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales increase of 17.1% in local currencies – 2021 sales at CHF 9.24 billion (+17.3% in CHF)
▪ Additional growth platforms created through seven acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Signing of MBCC Group takeover agreement – closing planned for second half of 2022
▪ Expansion of production sites in Stockholm (Sweden) and Doha (Qatar), commissioning of new production sites in Jiaxing City (China) and Pune (India), establishment of a new national subsidiary in Ghana
▪ Over-proportional increase in EBIT and EBIT margin of 15% anticipated for 2021
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

At the 54th Annual General Meeting of Sika AG on April 12, 2022, all proposals of the Board of Directors were approved

▪ Sales increase of 12.6% in local currencies
▪ Q1 sales of CHF 1,998.6 million (+10.2% in CHF)
▪ Negative currency effect of –2.4%
▪ Acquisition of Kreps (Russia), DriTac (USA), and BR Massa (Brazil)
▪ Outlook for 2021 fiscal year
▪ Double-digit sales growth in local currencies (previously: local currency growth of 6%–8%)
▪ Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

At the 53rd Annual General Meeting of Sika AG on April 20, 2021, all proposals of the Board of Directors were approved.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales up by 7.9% in local currencies
▪ Record first-half-year sales at CHF 5,345.5 million (+1.8% in CHF)
▪ Expansion of material margin to 52.7% (first half of 2022: 49.4%)
▪ Increase in EBIT margin adjusted for acquisition-related costs to 14.0% (first half of 2022: 13.4%)
▪ EBIT adjusted for one-time M&A effects CHF 749.9 million (+6.9%)
▪ Strong foreign currency impact of -6.1%
▪ Completion of MBCC acquisition and consolidation as per May 2, 2023
▪ Front-loaded MBCC integration costs of CHF 89.5 million in first half year
▪ Acquisition of Thiessen Team USA
▪ Opening of new mortar and concrete admixture plant in Eastern India

Outlook for fiscal 2023:
▪ Sales increase in local currencies of above 15%, including MBCC
▪ Over-proportional increase in EBIT confirmed, excluding MBCC

Ad hoc announcement pursuant to Art. 53 LR

Results 2022
▪ Sales of CHF 10,491.8 million (+13.4%), sales increase in local currencies of +15.8%
▪ Operating profit (EBIT) increased to CHF 1,579.7 million (+13.5%), resulting in an EBIT margin of 15.1% (previous year: 15.0%)
▪ Net profit up to CHF 1,162.5 million (+10.9%)
▪ Reduction of CO2eq emissions by -6.9% to 16.4 kg per ton sold
▪ Proposal for dividend increase of 10.3% to CHF 3.20 per share (previous year: CHF 2.90)

Outlook for 2023 fiscal year
▪ Closing of MBCC acquisition targeted for the first half of 2023
▪ Sales increase in local currencies by 6-8% and an over-proportional increase in EBIT anticipated (excluding impact of MBCC acquisition)
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Sika performed well against an increasingly difficult economic backdrop and exceeded the CHF 10 billion sales mark for the first time with sales of CHF 10,491.8 million. This corresponds to an increase in Swiss francs of 13.4% year-on-year. The currency effect came to –2.4%. Operating profit (EBIT) increased by 13.5%, reaching a new record figure of CHF 1,579.7 million. This equates to an EBIT margin of 15.1%.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales up by 1.2% in local currencies
▪ Q1 sales of CHF 2,325.9 million (-3.0% in CHF)
▪ Strong growth of 15.2% in Global Business (previous year: 10.4%)
▪ Negative currency effect of -4.2%
▪ Closing of MBCC acquisition still targeted for first half of 2023

Outlook for fiscal 2023 confirmed
▪ Sales increase in local currencies by 6–8%
▪ Over-proportional increase in EBIT (excluding MBCC acquisition)
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

The British Competition and Markets Authority (CMA) has provided Sika with provisional negative feedback regarding INEOS Enterprises as a prospective buyer for the divestment of MBCC Group’s chemical admixtures assets in England, the USA, Canada, Europe, Australia, and New Zealand (“Disposal Perimeter”), due to competition concerns. The disposal is part of the required remedy process for the approval of Sika's acquisition of MBCC Group. The parties therefore agreed to terminate the contract, while Sika has agreed to sell the Disposal Perimeter to international private equity firm, Cinven. The CMA has already approved Cinven as a suitable buyer of the Disposal Perimeter. Financial and transaction parameters remain largely unchanged. This also applies to the timing for the closing of the divestment as well as the MBCC acquisition, which are expected to take place in the first half of 2023.

Ad hoc announcement pursuant to Art. 53 LR

▪ First-half sales at CHF 5,250.3 million (+18.0% in CHF)
▪ Sales up by 19.5% in local currencies
▪ Operating profit (EBIT) at CHF 841.9 million (+22.7%)
▪ Record EBIT margin of 16.0%
▪ Acquisition of Sable Marco (Canada) and UGL (USA)
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, and USA

Outlook for 2022 fiscal year confirmed
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT expected
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
▪ Closing of MBCC acquisition is targeted for the end of 2022

▪ MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
▪ Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
▪ Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
▪ Acquisition is accretive to Sika’s earnings per share from the first full year post closing
▪ The combined company will drive the sustainability transformation of the construction industry further and faster
▪ Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022

On January 25, 2022, an extraordinary shareholders' meeting of Sika will be held. The Board of Directors proposes to the extraordinary general meeting to increase the existing conditional capital from currently CHF 155,893.20, corresponding to 15,589,320 registered shares with a par value of CHF 0.01 each, to CHF 187,893.20, corresponding to 18,789,320 registered shares with a par value of CHF 0.01 each and to amend the respective clause of the Articles of Association accordingly.

Ad hoc announcement pursuant to Article 53 of the Listing Rules of the SIX Exchange Regulation

▪ Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year
▪ Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%
▪ Material margin expands to 55.1% (first half of 2023: 52.7%)
▪ EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)
▪ Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million)
▪ Successful integration of MBCC with raised synergy guidance for the year (CHF 100-120 million)
▪ Acquisition of Kwik Bond, USA
▪ New plants opened in Peru and China
▪ Global employee survey confirms high engagement rate of 86%
▪ SBTi validation for Sika’s net-zero targets

Outlook for the 2024 fiscal year:
▪ 6-9% increase in sales in local currencies
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales of CHF 8,914.9 million (+5.5% in CHF) after first nine months
▪ Sales growth of 9.1% in local currencies (foreign currency effect of -3.6%)
▪ Continued steady improvement in organic growth from 0.2% in Q1 to 1.7% in Q3
▪ Expansion of material margin to 54.7% (previous year: 53.1%)
▪ Operating profit before depreciation and amortization (EBITDA) of CHF 1,701.7 million (previous year: CHF 1,502.7 million)
▪ EBITDA margin rose significantly to 19.1% (previous year: 17.8%)
▪ Acquisition of Kwik Bond, USA and Vinaldom, Dominican Republic
▪ New plants opened in Peru and China, major plant expansion in Indonesia

Outlook for fiscal 2024 confirmed:
▪ Sales increase of 6% to 9% in local currencies
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth