Exhibit 99.2
Second Quarter 2022 Investor Presentation
FORWARD-LOOKING STATEMENTS 2 This document contains statements that may constitute “forward-looking
statements” within the meaning of Federal securities laws including under “2022 Financial Outlook” in this presentation. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks,
uncertainties and other factors concerning the Company’s operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could
adversely affect the Company’s future financial performance include the following: the impact and uncertainty created by the ongoing COVID-19 pandemic, including, but not limited to, its effects on our employees, facilities, customers, and
suppliers, the availability and cost of raw materials, energy, and other supplies, the availability and cost of labor, logistics, and transportation; the uncertain impacts of the ongoing conflict between Russia and Ukraine on our supply
chain, input costs, including energy and transportation, and on general economic conditions; governmental regulations and restrictions, and general economic conditions, including inflation; the pace and nature of new product introductions by
the Company and the Company’s customers; the Company’s ability to anticipate and respond to changing consumer preferences and changing technologies; the Company’s ability to successfully implement its growth strategies; the outcome of the
Company’s various productivity- improvement and cost-reduction efforts, acquisition and divestiture activities, and operational improvement plan; changes in costs of raw materials, including energy; industry, regulatory, legal, and economic
factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; growth in markets for products in which the Company competes; industry and customer acceptance of price increases;
actions by competitors; currency exchange rate fluctuations; and other factors included in “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as updated and supplemented by the Company’s Quarterly
Report on Form 10-Q for the quarter ended March 31, 2022, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties
not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material
adverse effects on our business, financial condition, and results of operations. This presentation contains time-sensitive information that reflects management’s best analysis only as of the date of this presentation. Except to the extent
required by applicable laws, the Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be
realized.
NON-GAAP FINANCIAL MEASURES 2 Within this document, the Company reports certain non-GAAP financial
measures, including: (1) adjusted revenue, adjusted operating income, adjusted net earnings, adjusted EBITDA, and adjusted diluted earnings per share (which exclude divestiture & other related costs, the results of the divested product
lines, and restructuring and other costs, which include operational improvement plan costs and income) (2) adjusted results by segment (which exclude divestiture & other related costs, operational improvement plan costs and income, and
the results of the divested operations), (3) percentage changes in revenue, operating income, diluted earnings per share, and EBITDA on an adjusted local currency basis (which eliminate the effects that result from translating its
international operations into U.S. dollars, divestiture & other related costs, the results of the divested product lines, and restructuring and other costs, which include operational improvement plan costs), and (4) adjusted EBITDA (which
excludes depreciation and amortization expense, non-cash share based compensation expense, the results of the divested product lines, the divestiture & other related costs, and operational improvement plan costs and income). The Company
has included each of these non- GAAP measures in order to provide additional information regarding the underlying operating results and comparable period-over-period performance. Such information is supplemental to information presented in
accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should not be considered in isolation. Rather, they should be considered together with GAAP measures and the rest of the
information included in this presentation and the Company’s SEC filings. Management internally reviews each of these non-GAAP measures to evaluate performance on a comparative period-to-period basis and to gain additional insight into
underlying operating and performance trends. The Company believes this information can be beneficial to investors for these same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.
Refer to “Non-GAAP Financial Measures” at the end of this presentation for reconciliations and additional information.
Sensient Overview 2 Provider of customized solutions for food and beverage, pharmaceutical, and
personal care customers Global market leader offering an extensive portfolio of natural flavor and color technology platforms and solutions Exceptional innovation & applications expertise with unique ability to service global,
regional, and local customers
Innovative Technologies Creating Unique Solutions 2 Applications expertise and solutions-based
selling High impact relative to cost Technically-driven products that are difficult to replace Strong consumer trends Opportunities to grow organically and through M&A
Focusing our portfolio and strengthening our commitment to the end markets 2 Investing in core focus
areas of Flavors and Extracts, Natural Ingredients, Food and Pharmaceutical Colors, and Personal Care Divested non-core product lines (inks, fragrances, and yogurt fruit prep product lines) in 2020 and 2021 Expanded flavor portfolio and
strengthened technical solutions capabilities through the acquisition of Flavor Solutions, Inc. on July 15, 2021
Natural solutions provider focused on consistent and sustainable supply chain 2 Provider of natural
solutions to support health & wellness and clean label consumer trends Robust agronomy program ensures responsible procurement and traceability of sustainable ingredients Committed to delivering safe, authentic, high-quality
natural products through Sensient’s CertasureTM program
8 Global Revenue by Group 2021 Global Revenues include intercompany sales which are eliminated on a
consolidated basis. *Adj. Revenue is a Non-GAAP metric, please see our GAAP to Non-GAAP Reconciliation at the end of this document. Color Group 2021 Revenue: $545M 2021 Adj. Revenue*: $543M Core Areas of Focus: Food and Pharmaceutical
Colors and Personal Care Flavors & Extracts Group 2021 Revenue: $739M 2021 Adj. Revenue*: $712M Core Areas of Focus: Natural Flavors, Extracts and Natural Ingredients Asia Pacific Group 2021 Revenue: $135M 2021 Adj. Revenue*: $135M
Core Areas of Focus: Flavors and Colors for food and beverage
9 Global market leader Natural color innovator Excellent innovation & applications
expertise Color Group
10 Color Overview Food and Pharmaceutical LC Revenue Change* Q2 ’22 YTD
’22 +24.4% +18.1% Market trend toward natural colors in food and beverage Unique value proposition for Pharmaceutical customers includes colors, flavors, coatings, and extracts Personal Care 29% of Segment Revenue 29% of Adj. Segment
Revenue LC Revenue Q2 ’22 YTD ’22 Change* • Demand for innovative products with multiple benefits +14.9% • Product line includes dyes, pigments, formulation aides and +12.6% ingredients for color cosmetics, hair care, and skin care 2021
Revenue: $545M 2021 Adj. Revenue*: $543M 71% of Segment Revenue 71% of Adj. Segment Revenue *Local-currency (LC) revenue and adjusted revenue are Non-GAAP metrics, please see our GAAP to Non- GAAP Reconciliation at the end of this
document.
11 Flavors & Extracts Group Broad product offering Unique ability to service global, regional,
and local customers Leading technology platforms Outstanding applications expertise
12 Flavors & Extracts Overview Flavors, Extracts, and Flavor Ingredients 62% of Segment Revenue
64% of Adj. Segment Revenue LC Revenue Change* Q2 ’22 +14.7% YTD ’22 +13.9% Opportunities for on trend products with extracts, taste modulation, and natural flavors Natural Ingredients 35% of Segment Revenue 36% of Adj. Segment
Revenue LC Revenue Change* Q2 ’22 (2.6%) YTD ’22 (6.2%) Leading provider of dehydrated onion, garlic, and other products Temporary headwind due to a limited supply of onion and strong onion sales in 2021. Fragrances & Yogurt Fruit
Prep 3% of Segment Revenue Yogurt Fruit Prep divested September 2020 Fragrances divested April 2021 2021 Revenue: $739M 2021 Adj. Revenue*: $712M *Local-currency (LC) revenue and adjusted revenue are Non-GAAP metrics, please see our GAAP
to Non- GAAP Reconciliation at the end of this document.
13 Asia Pacific Group Portfolio of food and beverage flavors and colors R&D centers in
Singapore, Thailand, and China to support local and regional customer base Ability to deliver localized solutions and technology platforms
14 2021 adjusted revenue of $135 million and adjusted operating income of $26 million Sensient’s
sales of flavors and colors for Food and Pharmaceutical are managed on a geographic basis and reported as a separate segment Manufacturing capabilities in Australia, New Zealand, China, Japan, Philippines, Thailand, and India Q2 2022 local
currency adjusted revenue and operating profit improved 23.0% and 43.3%, respectively * Adjusted revenue, local currency adjusted revenue, adjusted operating income, and local currency adjusted operating profit are Non-GAAP metrics. Please
see our GAAP to Non-GAAP Reconciliation at the end of this document. Asia Pacific Overview
15 2022 Q2 Segment Results Color Group reported higher revenue in the quarter due to double digit
growth in both Food and Pharmaceutical and Personal Care. Operating income was up due to volume growth and pricing. Flavors & Extracts Group second quarter revenue increased as a result of growth in flavors, extracts and flavor
ingredients and pricing actions across the Group. Flavor Solutions acquisition contributed $3.9 million, or 2.2%, of growth in the quarter. Operating income was up as a result of pricing and volume growth in flavors, extracts and flavor
ingredients. Asia Pacific Group second quarter revenue increased double digits driven by volume growth in almost all regions. Operating income improved in the quarter due to volume growth and pricing. Local Currency Adjusted Operating
Income* Q2 YTD Color +23.9% +20.7% Flavors & Extracts +23.9% +19.3% Asia Pacific +43.3% +36.7% Local Currency Adjusted Revenue* Local Currency Adjusted* Commentary: Q2 YTD Color +21.9% +16.8% Flavors &
Extracts +8.8% +7.0% Asia Pacific +23.0% +18.6% * Local-currency (LC) adjusted revenue and adjusted operating income are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
16 2022 Q2 Consolidated Results Q2 YTD Local Currency Adjusted Revenue* +14.9% +11.6% Local
Currency Adjusted Operating Income* +29.1% +22.5% Local Currency Adjusted Diluted EPS* +21.5% +19.4% Local Currency Adjusted EBITDA* +26.7% +21.4% Q2 consolidated local currency adjusted revenue increased due to volume growth and
pricing actions. Volume growth was impacted by the anticipated headwind in the Flavor Group related to limited supply of onion and strong 2021 onion sales. The Color Group, Asia Pacific Group, and flavors, extracts and flavor ingredients in
the Flavor Group were all up double-digits. Q2 consolidated local currency adjusted operating income was up due to the overall volume growth across almost all of our businesses and the impact of pricing actions. The operating income
improvement was partially offset due to higher year-over-year Corporate expenses related to performance-based compensation. * Local-currency (LC) adjusted revenue, adjusted operating income, adjusted diluted EPS, and adjusted EBITDA are
Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
Capital Allocation Prioritize ROI capital projects Maintain financial flexibility to pursue
M&A Dividend payout increased 5.1% in 2021 Excess capital returned to shareholders through opportunistic share
repurchases $87 $77 $43 $54 $57 $62 $66 $67 $56 $51 $39 $52 $61 $31 $14 $9 $87 $118 $- $50 $100 $150 $200 $250 2017 2018 2019 2020 2021 DOLLARS IN MILLIONS Share Repurchase Acquisitions Dividends Debt
Repayments Capital Expenditures 17
2022 Financial Outlook 17 Metric Revised Guidance* Previous Guidance* Comments Diluted EPS
(GAAP) No Change High-teen growth At current rates, we anticipate a FX headwind of approximately 23 cents Local Currency Diluted EPS* No Change High single to double-digit growth Local Currency Revenue* High
single-digit growth Mid-to-High single- digit growth Adjusted Local Currency EBITDA* No Change High single to double-digit growth Excludes the impact of share-based stock compensation *In 2022, the Company does not anticipate any
impact to the above metrics as a result of divestiture & other related costs, operational improvement plan costs, or the results of the divested operations. The 2022 Local Currency Diluted EPS, Local Currency Revenue and Adjusted Local
Currency EBITDA growth rates for 2022 are compared to the 2021 Adjusted Diluted EPS, Adjusted Revenue and Adjusted EBITDA, respectively, which excluded the divestiture & other related costs, operational improvement plan costs and the
results of operations of the divested product lines. Adjusted revenue, adjusted diluted EPS and adjusted EBITDA are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
Why Invest? Strong competitive position Defensible and ‘sticky’ business (& low portion of
customer costs) Global presence Exposure to stable and growing markets Focused on improving returns and on growth 17
APPENDIX* *Amounts in thousands, except percentages and per share amounts
ESG Information Click here to access our Environmental Sensient is committed to the principles of
sound environmental stewardship and the responsible and sustainable use of energy and natural resources. Long-term goals to reduce Energy, Water, and Hazardous Waste intensity Seed-to-shelf program focused on sustainable supply
chain Emphasis on new products and technologies that minimize waste and environmental impacts Chemical Risk Strategy implemented to identify and reduce risk in our portfolio Social Sensient strives to conduct business in an ethical manner
and to make a positive contribution to society through our product offerings and business activities. Sensient’s Code of Conduct and Supplier Code of Conduct require strong ethical behavior, fair employment practices, and strict human rights
practices and product safety standards Robust product, environmental, and raw material safety programs designed to exceed industry standards Raw material traceability and sustainability programs Support for our local communities through
volunteerism, financial donations, sponsorships, and employee education opportunities Governance Sensient is committed to maintaining the highest standards of professional conduct and strong corporate governance practices through our
comprehensive corporate governance framework. Board comprised of a majority of independent directors with diverse and accomplished backgrounds Committed to board diversity and refreshment, we were recognized by 50/50 Women on Boards for the
tenth year in a row and we have added seven new directors since 2014. Robust Code of Conduct built on a foundation of ethics, safety and quality, and professionalism resulting in ethical and lawful conduct of our business 21
22 Non-GAAP Financial Measures Note: EPS Calculations may not foot due to rounding differences Three
Months Ended June 30, Three Months Ended June 30, 2021 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Year Ended December 31, 2021 Revenue (GAAP) $ 371,706 $ 335,827 $ 727,227 $ 695,529 $ 1,380,264 Revenue of
the divested product lines - (2,207) - (27,777) (30,062) Adjusted revenue $ 371,706 $ 333,620 $ 727,227 $ 667,752 $ 1,350,202 Operating income (GAAP) $ 55,244 $ 35,753 $ 108,033 $ 82,650 $ 170,028 Divestiture &
other related costs – Cost of products sold - 3 - 28 86 Divestiture & other related costs – Selling and administrative expenses - 11,685 - 13,232 14,052 Operating loss (income) of the divested product
lines - 459 - (2,468) (1,880) Operational improvement plan - Selling and administrative expenses - (3,494) - (2,493) (1,895) Adjusted operating income $ 55,244 $ 44,406 $ 108,033 $ 90,949 $ 180,391 Net earnings
(GAAP) $ 38,647 $ 25,936 $ 75,718 $ 57,604 $ 118,745 Divestiture & other related costs, before tax - 11,688 - 13,260 14,138 Tax impact of divestiture & other related costs - (1,689) - (896) 2,092 Net loss (earnings)
of the divested product lines, before tax - 459 - (2,468) (1,880) Tax impact of the divested product lines - (115) - 608 460 Operational improvement plan income, before tax - (3,494) - (2,493) (1,895) Tax impact of
operational improvement plan - 455 - 159 471 Adjusted net earnings $ 38,647 $ 33,240 $ 75,718 $ 65,774 $ 132,131 Diluted earnings per share (GAAP) $ 0.92 $ 0.61 $ 1.80 $ 1.36 $ 2.81 Divestiture & other
related costs, net of tax - 0.24 - 0.29 0.38 Results of operations of the divested product lines, net of tax - 0.01 - (0.04) (0.03) Operational improvement plan income, net of tax - (0.07) - (0.06) (0.03) Adjusted diluted
earnings per share $ 0.92 $ 0.79 $ 1.80 $ 1.55 $ 3.13
Non-GAAP Financial Measures (Cont’d) 29 Revenue Total Foreign Exchange Rates
Adjustments* Adjusted Local Currency Total Foreign Exchange Rates Adjustments* Adjusted Local Currency Flavors &
Extracts 5.5% (2.5%) (0.8%) 8.8% (2.2%) (2.1%) (7.1%) 7.0% Color 17.3% (3.9%) (0.7%) 21.9% 13.3% (2.9%) (0.6%) 16.8% Asia Pacific 15.5% (7.5%) 0.0% 23.0% 11.5% (6.6%) (0.5%) 18.6% Total
Revenue 10.7% (3.4%) (0.8%) 14.9% 4.6% (2.8%) (4.2%) 11.6% Operating Income Flavors & Extracts 22.3% (1.3%) (0.3%) 23.9% 11.7% (1.2%) (6.4%) 19.3% Color 21.7% (4.6%) 2.4% 23.9% 18.4% (3.6%) 1.3% 20.7% Asia
Pacific 33.3% (10.0%) 0.0% 43.3% 26.9% (8.9%) (0.9%) 36.7% Corporate & Other (32.3%) 0.0% (46.3%) 14.0% (18.8%) 0.0% (38.2%) 19.4% Total Operating Income 54.5% (5.8%) 31.2% 29.1% 30.7% (4.3%) 12.5% 22.5% Diluted
Earnings Per Share 50.8% (4.9%) 34.2% 21.5% 32.4% (4.4%) 17.4% 19.4% Adjusted EBITDA 22.6% (4.1%) N/A 26.7% 18.2% (3.2%) N/A 21.4% Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 * For Revenue, adjustments
consist of revenues of the divested product lines. For Operating Income, Diluted Earnings per Share, and Adjusted EBITDA, adjustments consist of the results of the divested product lines, divestiture & other related costs, and 2021
operational improvement plan costs and income.
Non-GAAP Financial Measures (Cont’d) 29 Note: *Fragrances was divested in April 2021, Inks was
divested in June 2020, and Yogurt Fruit Prep was divested in September 2020. Revenue Total Exchange Rates Local Currency Total Exchange Rates Local Currency Flavors, Extracts and Flavor
Ingredients 11.0% (3.7%) 14.7% 11.1% (2.8%) 13.9% Natural Ingredients (2.6%) 0.0% (2.6%) (6.2%) 0.0% (6.2%) Fragrances* (100.0%) 0.0% (100.0%) (100.0%) 0.0% (100.0%) Yogurt Fruit
Prep* (100.0%) 0.0% (100.0%) (100.0%) 0.0% (100.0%) Flavors & Extracts Group 5.5% (2.5%) 8.0% (2.2%) (2.1%) (0.1%) Food and Pharmaceutical 20.9% (3.5%) 24.4% 15.4% (2.7%) 18.1% Personal
Care 9.9% (5.0%) 14.9% 9.1% (3.5%) 12.6% Inks* (53.5%) 0.0% (53.5%) (29.8%) 0.0% (29.8%) Color Group 17.3% (3.9%) 21.2% 13.3% (2.9%) 16.2% Asia Pacific 15.5% (7.5%) 23.0% 11.5% (6.6%) 18.1% Total revenue including
the product lines divested 10.7% (3.4%) 14.1% 4.6% (2.8%) 7.4% Three Months Ended June 30, 2022 Foreign Six Months Ended June 30, 2022 Foreign
Non-GAAP Financial Measures (Cont’d) Revenue 2022 Adjustments* Adjusted Adjusted 2022 2021
Adjustments* 2021 Results by Segment Three Months Ended June 30, * For Revenue, adjustments consist of revenues of the divested product lines. For Operating Income, adjustments consist of the results of the divested product lines,
divestiture & other related costs, and 2021 operational improvement plan costs and income. Flavors & Extracts $ 189,337 $ - $ 189,337 $ 179,401 $ (1,415) $ 177,986 Color 156,268 - 156,268 133,207 (792) 132,415 Asia
Pacific 37,328 - 37,328 32,317 - 32,317 Intersegment elimination (11,227) - (11,227) (9,098) - (9,098) Consolidated $ 371,706 $ - $ 371,706 $ 335,827 $ (2,207) $ 333,620 Operating Income Flavors & Extracts $
30,013 $ - $ 30,013 $ 24,536 $ (45) $ 24,491 Color 31,178 - 31,178 25,615 504 26,119 Asia Pacific 7,721 - 7,721 5,793 - 5,793 Corporate & Other (13,668) - (13,668) (20,191) 8,194 (11,997) Consolidated $
55,244 $ - $ 55,244 $ 35,753 $ 8,653 $ 44,406 29
Non-GAAP Financial Measures (Cont’d) Revenue 2022 Adjustments* Adjusted Adjusted 2022 2021
Adjustments* 2021 Results by Segment Six Months Ended June 30, * For Revenue, adjustments consist of revenues of the divested product lines. For Operating Income, adjustments consist of the results of the divested product lines,
divestiture & other related costs, and 2021 operational improvement plan costs and income. Flavors & Extracts $ 372,064 $ - $ 372,064 $ 380,312 $ (26,304) $ 354,008 Color 304,706 - 304,706 268,927 (1,328) 267,599 Asia
Pacific 73,793 - 73,793 66,157 (295) 65,862 Intersegment elimination (23,336) - (23,336) (19,867) 150 (19,717) Consolidated $ 727,227 $ - $ 727,227 $ 695,529 $ (27,777) $ 667,752 Operating Income Flavors &
Extracts $ 57,592 $ - $ 57,592 $ 51,554 $ (2,925) $ 48,629 Color 61,835 - 61,835 52,209 544 52,753 Asia Pacific 15,925 - 15,925 12,545 (87) 12,458 Corporate & Other (27,319) - (27,319) (33,658) 10,767
(22,891) Consolidated $ 108,033 $ - $ 108,033 $ 82,650 $ 8,299 $ 90,949 29
Non-GAAP Financial Measures (Cont’d) Results by Segment Year Ended December 31, Adjusted * For
Revenue, adjustments consist of revenues of the divested product lines. For Operating Income, adjustments consist of the results of the divested product lines, divestiture & other related costs, and operational improvement plan costs and
income. Revenue 2021 Adjustments* 2021 Flavors & Extracts $ 739,427 $ (27,837) $ 711,590 Color 545,270 (2,080) 543,190 Asia Pacific 135,348 (295) 135,053 Intersegment elimination (39,781) 150
(39,631) Consolidated $ 1,380,264 $ (30,062) $ 1,350,202 Operating Income Flavors & Extracts $ 98,660 $ (2,368) $ 96,292 Color 103,575 575 104,150 Asia Pacific 26,330 (87) 26,243 Corporate & Other (58,537)
12,243 (46,294) Consolidated $ 170,028 $ 10,363 $ 180,391 29
Non-GAAP Financial Measures (Cont’d) 2022 2021 % Change 2022 2021 % Change Operating
income (GAAP) $ 55,244 $ 35,753 54.5% $ 108,033 $ 82,650 30.7% Depreciation and amortization 13,124 13,018 26,180 25,817 Depreciation and amortization, divested product lines - (48) - (97) Share-based compensation
expense 4,528 2,075 8,691 4,188 Divestiture & other related costs, before tax - 11,688 - 13,260 Results of operations of the divested product lines, before tax - 459 - (2,468) Operational improvement plan costs (income),
before tax - (3,494) - (2,493) Adjusted EBITDA $ 72,896 $ 59,451 22.6% $ 142,904 $ 120,857 18.2% Three Months Ended June 30, Six Months Ended June 30, 29
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