Exhibit 99.2
Third Quarter 2020 Investor Presentation
FORWARD-LOOKING STATEMENTS This document contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws including under “2020 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 and other supplies, logistics and transportation, governmental regulations and restrictions, and general economic
conditions; 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 and acquisition and divestiture activities; the success of the Company’s efforts to explore strategic
alternatives for certain non-core product lines; the effectiveness of the Company’s past restructuring activities; 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, 2019, the Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, 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 release 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. 2 sensient.com
NON-GAAP FINANCIAL MEASURES Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted revenue, adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share (which exclude the
results of the product lines divested or to be divested, the divestiture and other related costs, and the operational improvement plan costs), (2) adjusted results by segment (which exclude the results of the product lines divested or to be
divested, the divestiture and other related costs, and the operational improvement plan costs), (3) percentage changes in revenue, operating income, diluted earnings per share, and adjusted EBITDA on an adjusted local currency basis (which
eliminate the effects that result from translating its international operations into U.S. dollars, the results of product lines divested or to be divested, the divestiture and other related costs, and the operational improvement plan costs), (4)
free cash flow (which is net cash provided by operating activities less capital expenditures), and (5) adjusted EBITDA (which excludes depreciation and amortization expense, non-cash share based compensation expense, the results of the product
lines divested or to be divested, the divestiture and other related costs, and operational improvement plan costs). 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 report 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, and the Company believes the information can be beneficial to investors for the 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 document and on our website at www.sensient.com for reconciliations and additional
information. 3 sensient.com
Over 135 years of Industry Leadership Established in 1882 as Meadow Springs Distillery Evolved into Universal Foods as a diversified food and ingredients company Name changed to Sensient Technologies Corporation in 2000 Today, we
are a provider of advanced technologies, serving markets with strong growth profiles through delivery of customized solutions for food and beverages, pharmaceutical, personal care, and other applications. 4 sensient.com
Innovative Technologies Creating Unique Solutions 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 5 sensient.com
Focusing our portfolio and strengthening our commitment to
the end markets Investing in core focus areas of Flavors and Extracts, Natural Ingredients, Food and Pharmaceutical Colors, and Personal Care Divesting non-core product lines
(inks, fragrances, and yogurt fruit prep product lines) where Sensient lacks scale to compete The sale of these product lines solidifies our focus on core strategic businesses and improves the Company’s future growth profile 6 sensient.com
Global Revenue by Group Color Group 2019 Revenue: $535M
Core Areas of Focus: Food and Pharmaceutical Colors and Personal Care Flavors and Extracts Group 2019 Revenue: $700M Core Areas of Focus: Flavors and Extracts, Natural Ingredients, and Other Flavor Ingredients Asia Pacific Group 2019 Revenue:
$118M Core Areas of Focus: Flavors and Colors for food and beverage 7 * 2019 Global Revenues include
intercompany sales which are eliminated on a consolidated basis. sensient.com
Global market leader Natural color innovator Unmatched innovation & applications expertise Color Group 8 sensient.com
Color Overview 2019 Revenue $535 Million
Food and Pharmaceutical (Previously named Food and Beverage) 63% of2019 Segment Revenue LC Revenue Change
Q3 ’20+3.2% YTD’20 +3.3% •Market trend toward natural colors in food and beverage•Unique value proposition for Pharmaceutical customers includes colors, flavors, coatings,
and extracts Personal Care 30% of2019 Segment Revenue LC Revenue Change Q3 ’20(11.8%) YTD’20 (10.8%) LC Revenue Change Q3 ’20(11.8%) YTD’20 (10.8%) Inks 7% of2019 Segment Revenue •Completed divestiture in June 2020 * Local-currency (LC) revenue is a
Non-GAAP metric, please see our GAAP to Non-GAAP Reconciliation at the end of this document. 9 sensient.com
Flavors &Extracts Group Broad product offering Unique ability to service global, regional, and local customers Leading technology platforms Unmatched applications expertise 10 sensient.com
Flavors & Extracts Overview 2019
Revenue $700 Million Flavors, Extracts, and Flavor Ingredients 54% of2019 Segment Revenue LC Revenue Change Q3’20 +11.9% YTD’20 +4.4% •Opportunities for on trend products with
extracts, taste modulation, and natural flavors NaturalIngredients 31% of2019 Segment Revenue LC Revenue Change Q3 ’20 +14.5% YTD’20 +12.1% •Leading provider of
dehydrated onion, garlic, and other products Fragrances 12% of2019 Segment Revenue LC Revenue Change Q3 ’20 (11.0%) YTD’20 (2.8%) •Targeted for divestiture Yogurt Fruit Prep 3% of2019 Segment Revenue •Completed divestiture in September 2020 * Local-currency
(LC) revenue is a Non-GAAP metric. Please see our GAAP to Non-GAAP Reconciliation at the end of this document. 11 sensient.com
Asia Pacific Group 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; R&D capabilities in Singapore, Thailand, and China Annual revenues of $118 million and operating income of $19 million in 2019 Strong long-term growth potential 12
sensient.com
2020 Q3 Highlights Flavors & Extracts Group sales were up for the third consecutive quarter, driven by strong sales in Natural Ingredients and continued growth in Flavors, Extracts, and Flavor Ingredients Color Group sales were down slightly
due to continued lower demand for makeup in the Personal Care business Food and Pharmaceutical color sales were up 3.2% in local currency Asia Pacific Group revenue was up low-single digits and profit grew double-digits Divested the yogurt fruit
prep product line in September Operational improvement plan initiated to reduce costs, primarily through the consolidation of certain cosmetic manufacturing operations *
Local-currency revenue is a Non-GAAP metric. Please see our GAAP to Non-GAAP Reconciliation at the end of this document. 13 sensient.com
2020 Q3 Segment Results Local Currency
AdjustedRevenue* Q3 YTD Color (1.5%) (1.2%) Flavors & Extracts 12.9% 7.2% Asia Pacific 2.1% 3.0% Color
Group third quarter revenue decreased due to lower volume in makeup in Personal Care offsetting continued growth in Food and Pharmaceutical colors. Operating income was up in the quarter due to higher volumes and product mix in Food and
Pharmaceutical colors. Flavors & Extracts Group reported higher revenue in the quarter as a result of solid sales in Natural Ingredients and a continued increase in sales of Flavors, Extracts, and Flavor Ingredients. Operating income was up as
a result of the higher volumes and the realized benefits from ongoing cost control efforts. Local Currency Adjusted Operating Income* Q3 YTD Color 3.0% (3.1%) Flavors & Extracts 24.1% 4.0%Asia Pacific 15.5% 16.9% Asia Pacific Group third quarter revenue increased due to growth in certain regions, which was partially offset by COVID
restrictions in other countries. Operating income improved substantially due to volume growth and the Group’s cost control plans yielding results. * Local-currency adjusted revenue
and adjusted operating income are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document. 14 sensient.com
2020 Q3 Consolidated Results Q3 YTD Local Currency Adjusted Revenue* +6.1% +3.0% LocalCurrencyAdjusted Operating Income* +10.1%
(3.9%) LocalCurrency Adjusted Diluted EPS* +6.8% (3.4%) LocalCurrency Adjusted EBITDA* 8.9% (0.4%) Q3 consolidated revenue was up due to strong sales growth across the majority of the Flavors & Extracts Group portfolio, Food and Pharmaceutical colors, and in certain regions in Asia Pacific. Consolidated revenue
continues to be impacted by COVID-19, in particular our Personal Care business and certain countries within Asia Pacific continue to be negatively impacted. Q3 consolidated operating
income was up due to volume growth in Flavors, Extracts, and Flavor Ingredients, Food and Pharmaceutical colors, and Asia Pacific coupled with the realized benefits from our cost control initiatives. The operating income improvement was
partially offset by lower volume in Personal Care, higher year-over-year Corporate expenses related to performance-based compensation, and higher Natural Ingredient raw material costs. * Local-currency 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. 15 sensient.com
16 sensient.com Capital Allocation Prioritize ROI capital projects Maintain dividend payout ratio Debt reduction to
maintain targeted leverage Maintain financial flexibility to pursue M&A Excess capital returned to shareholders through opportunistic share
repurchases $137 $177 $50 $87 $77 $48 $48 $50 $54 $57 $62 $79 $80 $81 $56 $51 $39 $8 $31 $25 $9 $87 $- $50 $100 $150 $200 $250 $300 $350 2014 2015 2016 2017 2018 2019 DOLLARS IN
MILLIONS Share Repurchase Acquisitions Dividends Debt Repayments Capital Expenditures
17 sensient.com 2020 Financial Outlook * Local-currency 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 and on www.Sensient.com. The 2020 outlook, on an adjusted basis, provided above excludes the results of operations for
the product lines we have divested or are planning to divest. Because it is uncertain when the final divestiture will conclude, it is difficult to predict its impact to our full year results. For reference, the product lines divested or to be
divested represented approximately $140 million in 2019 annual revenue and approximately $2 million of 2019 annual operating income. Metric Guidance Diluted EPS (GAAP) $2.10 to $2.35 Adjusted Diluted EPS in Local Currency $2.60 to
$2.80 Excludes divestiture and other related costs and operational improvement plan costsExcludes results of operations of product lines divested or to be divested Adjusted Local Currency Revenue Low to mid-single digit growth Excludes
revenue of product lines divested or to be divested Adjusted Operating Income Flat to down low-single digits Excludes divestiture and other related costs and operational improvement plan costsExcludes results of operations of product lines
divested or to be divestedLower than prior year due to higher non-cash stock compensation expense Adjusted EBITDA Low to mid-single digit growth Excludes divestiture and other related costs and operational improvement plan costsExcludes
results of operations of product lines divested or to be divested
18 sensient.com Why Invest? Strong competitive position‘Sticky’ business (& low portion of customer costs)
Global presenceExposure to stable and growing markets Focused on improving returns and on growth
19 sensient.com 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 intensitySeed-to-shelf program focused on sustainable supply chainEmphasis on new products and
technologies that minimize waste and environmental impactsChemical 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
standardsRobust product, environmental, and raw material safety programs designed to exceed industry standards.Raw material traceability and sustainability programsSupport 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 are a 2020 Women on Boards Winning Company for the seventh year in a row and we have
added seven new directors over the past five years. 40% of our Board is female.Robust Code of Conduct built on a foundation of ethics, safety and quality, and professionalism resulting in ethical and lawful conduct of our business.Executive
compensation strongly tied to performance. ESG Information Click here to access our
APPENDIX – NON-GAAP TABLES
21 sensient.com Non-GAAP Financial Measures Note: EPS Calculations may not foot due to rounding
differences Non-GAAP Financial MeasuresWithin the following tables, the Company reports certain non-GAAP financial measures, including: (1) adjusted revenue, adjusted operating income, adjusted net earnings, and adjusted diluted earnings per
share (which exclude the results of the product lines divested or to be divested, the divestiture and other related costs, and the operational improvement plan costs), (2) adjusted results by segment (which exclude the results of the product
lines divested or to be divested, the divestiture and other related costs, and the operational improvement plan costs), (3) percentage changes in revenue, operating income, diluted earnings per share, and adjusted EBITDA on an adjusted local
currency basis (which eliminate the effects that result from translating its international operations into U.S. dollars, the results of product lines divested or to be divested, the divestiture and other related costs, and the operational
improvement plan costs), (4) free cash flow (which is net cash provided by operating activities less capital expenditures), and (5) adjusted EBITDA (which excludes depreciation and amortization expense, non-cash share based compensation
expense, the results of the product lines divested or to be divested, the divestiture and other related costs, and operational improvement plan costs).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 report 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, and the Company believes the information can be
beneficial to investors for the same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies. Three Months Ended Three Months Ended Nine Months Ended Nine Months
Ended September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Revenue (GAAP) $ 323,566 $ 317,650 $ 997,333 $ 1,004,349 Revenue of the product lines divested or to be divested
(23,588) (34,112) (88,390) (109,489) Adjusted revenue $ 299,978 $ 283,538 $ 908,943 $ 894,860 Operating income (GAAP) $ 41,155 $ 38,788 $ 117,841 $ 135,576 Divestiture & other related costs (income) –
Cost of products sold (148) - 1,791 - Divestiture & other related costs – Selling and administrative expenses 312 - 8,689 - Operating income of the product lines divested or to be
divested (2,449) (856) (4,165) (1,233) Operational improvement plan – Cost of products sold 35 - 35 - Operational improvement plan – Selling and administrative expenses 2,606 - 2,606 - Adjusted operating
income $ 41,511 $ 37,932 $ 126,797 $ 134,343 Net earnings (GAAP) $ 32,910 $ 31,871 $ 84,303 $ 99,009 Divestiture & other related costs, before tax 164 - 10,480 - Tax impact of divestiture & other
related costs (787) - (1,212) - Net earnings of the product lines divested or to be divested, before tax (2,449) (856) (4,165) (1,233) Tax impact of the product lines divested or to be
divested 655 87 1,155 203 Operational improvement plan costs, before tax 2,641 - 2,641 - Tax impact of operational improvement plan (656) - (656) - Adjusted net earnings $ 32,478 $ 31,102 $
92,546 $ 97,979 Diluted earnings per share (GAAP) $ 0.78 $ 0.75 $ 1.99 $ 2.34 Divestiture & other related costs (income), net of tax (0.01) - 0.22 - Result of operations of the product lines divested or to be
divested, net of tax (0.04) (0.02) (0.07) (0.02) Operational improvement plan costs, net of tax 0.05 - 0.05 - Adjusted diluted earnings per share $ 0.77 $ 0.74 $ 2.19 $ 2.32
22 sensient.com Non-GAAP Financial Measures (Cont’d) Revenue Total Foreign Exchange Rates Divestiture
&Operational Improvement Plan Impact Adjusted Local Currency Total Foreign Exchange Rates Divestiture &Operational Improvement Plan Impact Adjusted Local Currency Flavors &
Extracts 9.1% 0.5% (4.3%) 12.9% 4.1% (0.8%) (2.3%) 7.2% Color (8.3%) (1.2%) (5.6%) (1.5%) (7.0%) (2.6%) (3.2%) (1.2%) Asia
Pacific 2.0% 0.4% (0.5%) 2.1% 1.6% (1.2%) (0.2%) 3.0% Total Revenue 1.9% (0.2%) (4.0%) 6.1% (0.7%) (1.6%) (2.1%) 3.0% Operating Income Flavors &
Extracts 35.5% (0.3%) 11.7% 24.1% 11.0% (0.9%) 7.9% 4.0% Color 0.5% (0.4%) (2.1%) 3.0% (7.4%) (2.3%) (2.0%) (3.1%) Asia
Pacific 13.3% (1.4%) (0.8%) 15.5% 16.0% (0.5%) (0.4%) 16.9% Corporate & Other 61.6% 0.0% 36.7% 24.9% 100.3% 0.0% 63.8% 36.5% Total Operating
Income 6.1% (0.6%) (3.4%) 10.1% (13.1%) (1.8%) (7.4%) (3.9%) Diluted Earnings Per Share 4.0% 0.0% (2.8%) 6.8% (15.0%) (1.8%) (9.8%) (3.4%) Adjusted
EBITDA 8.6% (0.3%) N/A 8.9% (1.9%) (1.5%) N/A (0.4%) The following table summarizes the percentage change in the 2020 results compared to the 2019 results for the corresponding periods: Three Months Ended September 30,
2020 Nine Months Ended September 30, 2020
23 sensient.com Non-GAAP Financial Measures (Cont’d) Note: *Inks was divested in June 2020 and Yogurt Fruit Prep was
divested in September 2020. Revenue Total Foreign Exchange Rates Local Currency Total Foreign Exchange Rates Local Currency Flavors, Extracts and Flavor Ingredients 11.9% 0.0% 11.9% 3.1% (1.3%) 4.4% Natural
Ingredients 14.5% 0.0% 14.5% 12.0% (0.1%) 12.1% Fragrances (7.0%) 4.0% (11.0%) (3.9%) (1.1%) (2.8%) Yogurt Fruit Prep* (32.3%) 0.0% (32.3%) (26.6%) 0.0% (26.6%) Flavors & Extracts
Group 9.1% 0.5% 8.6% 4.1% (0.8%) 4.9% Food and Pharmaceutical 2.0% (1.2%) 3.2% 0.7% (2.6%) 3.3% Personal
Care (12.6%) (0.8%) (11.8%) (13.0%) (2.2%) (10.8%) Inks* (93.5%) (2.4%) (91.1%) (52.3%) (3.6%) (48.7%) Color Group (8.3%) (1.2%) (7.1%) (7.0%) (2.6%) (4.4%) Asia PacificTotal revenue including
product lines divested or to be divested 2.0%1.9% 0.4%(0.2%) 1.6%2.1% 1.6%(0.7%) (1.2%)(1.6%) 2.8%0.9% Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020
24 sensient.com Q3 Divested Operations Results by Segment Three Months Ended September 30, Divestiture
&Operational Improvement Adjusted Divestiture Adjusted Revenue 2020 Plan Impact 2020 2019 Impact 2019 Flavors & Extracts $ 182,866 $ (22,978) $ 159,888 $ 167,577 $ (25,954) $
141,623 Color 116,414 (669) 115,745 127,005 (8,176) 118,829 Asia Pacific 30,740 (68) 30,672 30,125 (237) 29,888 Intersegment elimination (6,454) 127 (6,327) (7,057) 255
(6,802) Consolidated $ 323,566 $ (23,588) $ 299,978 $ 317,650 $ (34,112) $ 283,538 Operating Income Flavors & Extracts $ 23,844 $ (2,241) $ 21,603 $ 17,600 $ (109) $
17,491 Color 23,559 (185) 23,374 23,436 (689) 22,747 Asia Pacific 6,123 (23) 6,100 5,406 (58) 5,348 Corporate & Other (12,371) 2,805 (9,566) (7,654) - (7,654) Consolidated $
41,155 $ 356 $ 41,511 $ 38,788 $ (856) $ 37,932
25 sensient.com YTD Divested Operations Results by Segment Nine Months Ended September 30,
Divestiture &Operational Improvement Adjusted Divestiture Adjusted Revenue 2020 Plan Impact 2020 2019 Impact 2019 Flavors & Extracts $ 552,975 $ (75,165) $ 477,810 $
531,264 $ (82,055) $ 449,209 Color 381,205 (13,242) 367,963 409,796 (27,590) 382,206 Asia Pacific 89,062 (402) 88,660 87,646 (563) 87,083 Intersegment elimination (25,909) 419 (25,490)
(24,357) 719 (23,638) Consolidated $ 997,333 $ (88,390) $ 908,943 $ 1,004,349 $ (109,489) $ 894,860 Operating Income Flavors & Extracts $ 67,467 $ (5,078) $ 62,389 $
60,775 $ (197) $ 60,578 Color 75,486 1,029 76,515 81,512 (894) 80,618 Asia Pacific 16,031 (116) 15,915 13,825 (142) 13,683 Corporate & Other (41,143) 13,121 (28,022) (20,536) -
(20,536) Consolidated $ 117,841 $ 8,956 $ 126,797 $ 135,576 $ (1,233) $ 134,343
26 sensient.com