Sika Q3 Report 2023

SALES RISE BY 12.4% THANKS TO MBCC ACQUISITION – SIGNIFICANT PROFITABILITY INCREASE IN Q3

• 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