Ad Hoc Media Releases

Ad hoc announcement pursuant to Art. 53 LR

▪ High, double-digit growth of +20.1% in local currencies
▪ Q1 sales of CHF 2,648.0 million (+13.8% in CHF)
▪ Acquisition effect of 19.9%
▪ Negative currency effect of –6.3%
▪ Acquisition of Kwik Bond in the USA

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

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 56th Annual General Meeting of Sika AG on March 26, 2024

Ad hoc announcement pursuant to Art. 53 LR

▪ March 26, 2024 confirmed as date for the Annual General Meeting
▪ Except for the resigning Chair of the Board of Directors, Paul Hälg, all current members of the Board of Directors are standing for re-election
▪ The Board of Directors proposes to elect Thierry F.J. Vanlancker as new Chair of the Board of Directors and Thomas Aebischer as new member of the Board of Directors
▪ Gross dividend of CHF 3.30 per share proposed

Ad hoc announcement pursuant to Art. 53 LR

Results 2023
▪ Record sales of CHF 11,238.6 million (+7.1%), sales increase in local currencies of +14.5%
▪ Operating profit (EBIT) adjusted for one-time M&A effects increased to CHF 1,680.6 million (+12.7%), resulting in an EBIT margin of 15.0% (previous year: 14.2%)
▪ Operating profit (EBIT) reported at CHF 1,549.1 million (previous year: CHF 1,579.7 million)
▪ Record operating free cash flow up to CHF 1,372.7 million (+58.7%)
▪ Proposal for dividend increase to CHF 3.30 per share (previous year: CHF 3.20)
▪ Successful MBCC integration with synergies in the first 8 months of CHF 41 million
▪ 108 new patents and 188 new inventions registered
▪ Reduction of CO2eq emissions per ton sold by -4.4% (scope 1 and 2)

Outlook for 2024 fiscal year
▪ For the 2024 fiscal year, Sika is expecting sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA expected

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts record sales of CHF 11.24 billion in 2023
▪ Revenue growth of +7.1% in CHF (+14.5% in local currencies)
▪ High, negative foreign currency effect of -7.4% due to sharp appreciation of the Swiss franc
▪ Integration of MBCC on track with expected synergies of CHF 180–200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru) as well as a stake in start-up Concria Oy (Finland)
▪ New plants commissioned in Kharagpur (East India) and Chattanooga (Tennessee, USA) and expansion of two factories in Sealy (Texas, USA) and Kirchberg (Switzerland)
▪ Technology Center opened in Suzhou (China)

Outlook for fiscal 2023 confirmed:
▪ Over-proportional increase in EBIT excluding MBCC acquisition
▪ Operating free cash flow of over 10% (as % of net sales)

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales of CHF 8,449.2 million (+5.6% in CHF) after nine months of the fiscal year
▪ Sales growth of 12.4% in local currencies (negative foreign currency impact of -6.8%)
▪ Expansion of material margin to 53.1% (previous year-period: 49.3%)
▪ Increase in EBIT margin adjusted for acquisition-related costs to 14.8% (previous year-period: 13.8%)
▪ In Q3 EBIT increased by +24.3% (compared to Q3 2022)
▪ Operating free cash flow significantly increased to CHF 877.3 million (previous year-period: CHF 422.4 million)
▪ Successful integration of MBCC and increase in synergies from CHF 160-180 million to CHF 180-200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru)
▪ Opening of new plants in Kharagpur (East India) and Chattanooga (Tennessee, USA)

Outlook for fiscal 2023 confirmed:
▪ Sales increase in local currencies of more than 15% (including MBCC)
▪ Over-proportional increase in EBIT (excluding MBCC acquisition)
▪ Operating free cash flow (as % of net sales) of over 10% expected

Ad hoc announcement pursuant to Art. 53 LR

At today’s Capital Markets Day in Zurich, Sika presents its new Strategy 2028, “Beyond the Expected”, which builds on the company’s successful growth model. The roadmap leverages on Sika’s strong market position and innovation power and sets the course for an even stronger performance in the years to come. The annual growth target will be lifted to 6-9% in local currencies and profitability target will be increased to an EBITDA margin of 20-23%. The new growth strategy is based on the four pillars market penetration, innovation & sustainability, acquisitions, as well as people & culture and includes a balanced set of financial and non-financial targets. Furthermore, Sika reports a strong sales growth year to date (January to August 2023) of +12.2%.

Ad hoc announcement pursuant to Art. 53 LR

▪ Thierry F. J. Vanlancker to be proposed as new Chair of the Board of Directors at the Annual General Meeting 2024
▪ Paul Hälg has decided to step down after twelve successful years
▪ Rotation in Group Management ahead of new Growth Strategy 2028

Ad hoc announcement pursuant to Article 53

▪ Sika notifies the bondholders of its convertible bond due in 2025 that it has exercised the early redemption option
▪ Notices to convert the Bonds may be deposited with the paying and conversion agent until September 15, 2023, 4:00 p.m. CEST
▪ Deposit banks may set an earlier deadline to bondholders to instruct the conversion of their Bonds and bondholders should therefore reach out to their bank or broker
▪ Bonds which will not be converted will be redeemed at par plus accrued interest

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

▪ 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

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

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

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

▪ 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

▪ 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

▪ Sales at CHF 7,998.5 million (+16.6% in CHF)
▪ Sales up by 18.5% in local currencies
▪ Operating profit (EBIT): CHF 1,231.5 million (+16.8%)
▪ Acquisition of Sable Marco (Canada) and UGL (USA)
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, and in the USA

Outlook for 2022 fiscal year confirmed:
▪ Sales increase in local currencies of over 15%, 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 targeted for 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

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

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