Exhibit 99.2
Second Quarter 2021 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 “2021 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 and other supplies, the availability of 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, acquisition and divestiture activities, and operational improvement plan; 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, 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 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, operational improvement plan costs,
and the results of the divested operations), (2) adjusted results by segment (which exclude divestiture & other related costs, operational improvement plan costs, 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 and exclude divestiture & other
related costs, operational improvement plan costs, and the results of the divested operations), 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). 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, 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 presentation for reconciliations and additional information.
Over 135 years of Industry Leadership 2 Established in 1882 as Meadow Springs DistilleryEvolved
into Universal Foods as a diversified food and ingredients companyName changed to Sensient Technologies Corporation in 2000Today, 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
Innovative Technologies Creating Unique Solutions 2 Applications expertise and solutions-based
sellingHigh impact relative to costTechnically-driven products that are difficult to replace Strong consumer trendsOpportunities 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 CareDivested non-core product lines (inks, fragrances, and yogurt fruit prep product lines)Expanded flavor portfolio and strengthened
technical solutions capabilities through the acquisition of Flavor Solutions, Inc. on July 15, 2021
7 Color Group2020 Revenue: $501M 2020 Adj. Revenue*: $487M Core Areas of Focus: Food and
Pharmaceutical Colors and Personal CareFlavors & Extracts Group2020 Revenue: $742M 2020 Adj. Revenue*: $642MCore Areas of Focus: Flavors and Extracts, Natural Ingredients, and Other Flavor IngredientsAsia Pacific Group2020 Revenue: $121M
2020 Adj. Revenue*: $121M Core Areas of Focus: Flavors and Colors for food and beverage Global Revenue by Group 2020 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.
8 Global market leaderNatural color innovatorUnmatched innovation & applications
expertise Color Group
9 Color Overview Food and Pharmaceutical 69% of Segment Revenue 71% of Adj. Segment
Revenue LC Revenue Change Q2 ’21 +3.6%YTD ’21 +2.4% Market trend toward natural colors in food and beverageUnique value proposition for Pharmaceutical customers includes colors, flavors, coatings, and extracts Personal Care 28% of
Segment Revenue 29% of Adj. Segment Revenue LC Revenue Change Q2 ’21 +16.8%YTD ’21 +2.1% Demand for innovative products with multiple benefitsProduct line includes formulation aides and ingredients for color cosmetics, hair care, and
skin careRecovery from negative COVID impacts underway Inks 3% of Segment Revenue Completed divestiture in June 2020 2020 Revenue: $501M 2020 Adj. Revenue*: $487M *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.
10 Flavors & Extracts Group Broad product offeringUnique ability to service global, regional,
and local customersLeading technology platformsUnmatched applications expertise
11 Flavors & Extracts Overview Flavors, Extracts, and Flavor Ingredients 54% of Segment
Revenue 62% of Adj. Segment Revenue LC Revenue Change Q2 ’21 +11.2%YTD ’21 +10.3% Opportunities for on trend products with extracts, taste modulation, and natural flavors Natural Ingredients 33% of Segment Revenue 38% of Adj. Segment
Revenue LC Revenue Change Q2 ’21 +5.3%YTD ’21 +6.6% Leading provider of dehydrated onion, garlic, and other products Fragrances & Yogurt Fruit Prep 13% of Segment Revenue Yogurt Fruit Prep (2% of revenue) divested September
2020Fragrances (11% of revenue) divested April 2021 2020 Revenue: $742M 2020 Adj. Revenue*: $642M *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.
12 Asia Pacific Group 2020 adjusted revenue of $121 million and adjusted operating income of
$22 millionSensient’s sales of flavors and colors for Food and Pharmaceutical are managed on a geographic basis and reported as a separate segmentManufacturing capabilities in Australia, New Zealand, China, Japan, Philippines, Thailand, and
India; R&D capabilities in Singapore, Thailand, and ChinaQ2 2021 local currency adjusted revenue and operating profit improved 11.3% and 21.6%, respectively * Adjusted revenue, local currency adjusted revenue, adjusted operating income,
and local currency adjusted operating income are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
13 2021 Q2 Segment Results Color Group second quarter revenue increase was primarily driven by
the start of the color cosmetic market recovery in Personal Care. Operating income was up in the quarter primarily due to volume.Flavors & Extracts Group reported higher revenue in the quarter driven by growth in all product categories.
Operating income was up as a result of the higher volumes and product mix.Asia Pacific Group second quarter revenue increased double-digits with growth in almost all regions. Operating income improved in the quarter due to volume
growth. Local Currency Adjusted Revenue* Local Currency Adjusted* Commentary: Q2 YTD Color +7.1% +2.3% Flavors & Extracts +9.1% +9.0% Asia Pacific +11.3% +7.8% Local Currency Adjusted Operating
Income* Q2 YTD Color +5.2% (5.0%) Flavors & Extracts +13.2% +17.1% Asia Pacific +21.6% +26.6% * 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.
14 2021 Q2 Consolidated Results Q2 YTD Local Currency Adjusted Revenue* +9.1% +6.4% Local
Currency Adjusted Operating Income* +5.8% +2.9% Local Currency Adjusted Diluted EPS* +8.6% +5.6% Local Currency Adjusted EBITDA* +6.0% +4.0% Q2 consolidated local currency adjusted revenue was up due to continued strong growth in
Flavors & Extracts, Colors and Asia Pacific groups. Savory and sweet flavors, natural colors, and personal care product lines had healthy growth within the quarter.Q2 consolidated local currency adjusted operating income was up due to the
overall volume growth across our businesses; however, 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.
15 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 $50 $87 $77 $50 $54 $57 $62 $66 $81 $56 $51 $39 $52 $31 $25 $9 $87 $118 $- $50 $100 $150 $200 $250 2016 2017 2018 2019 2020 DOLLARS IN MILLIONS Share
Repurchase Acquisitions Dividends Debt Repayments Capital Expenditures
16 2021 Financial Outlook * Local-currency 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. Metric Guidance Comments Diluted EPS (GAAP) Mid-to-high single digit growth Includes approximately 25 cents of divestiture &
other related costs, operational improvement plan costs, and the results of the divested operationsAt current rates FX provides a 10 cent benefit Adjusted Diluted EPS in Local Currency* Mid-single digit growth Excludes divestiture &
other related costs and operational improvement plan costsExcludes results of the divested operations Adjusted Local Currency Revenue* Mid-single digit growth Excludes revenue of the divested product lines Adjusted Local Currency
EBITDA* Mid-single digit growth Excludes divestiture & other related costs and operational improvement plan costsExcludes results of the divested operations
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 17
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 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 backgroundsCommitted 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 since 2013. 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 18
APPENDIX – NON-GAAP TABLES
20 Non-GAAP Financial Measures Note: EPS Calculations may not foot due to rounding
differences Three Months EndedJune 30, 2021 Three Months EndedJune 30, 2020 Six Months EndedJune 30, 2021 Six Months EndedJune 30, 2020 Revenue (GAAP) $ 335,827 $ 323,090 $ 695,529 $ 673,767 Revenue of the
divested product lines (2,207) (28,217) (27,777) (64,802) Adjusted revenue $ 333,620 $ 294,873 $ 667,752 $ 608,965 Operating income (GAAP) $ 35,753 $ 42,125 $ 82,650 $ 76,686 Divestiture &
other related costs – Cost of products sold 3 1,749 28 1,939 Divestiture & other related costs – Selling and administrative expenses 11,685 (3,276) 13,232 8,377 Operating loss (income) of the divested
product lines 459 (331) (2,468) (1,716) Operational improvement plan - Selling and administrative expenses (3,494) - (2,493) - Adjusted operating
income $ 44,406 $ 40,267 $ 90,949 $ 85,286 Net earnings (GAAP) $ 25,936 $ 30,620 $ 57,604 $ 51,393 Divestiture & other related costs, before tax 11,688 (1,527) 13,260 10,316 Tax impact of
divestiture & other related costs (1,689) 509 (896) (425) Net loss (earnings) of the divested product lines, before tax 459 (331) (2,468) (1,716) Tax impact of the divested product
lines (115) 203 608 500 Operational improvement plan income, before tax (3,494) - (2,493) - Tax impact of operational improvement plan 455 - 159 - Adjusted net
earnings $ 33,240 $ 29,474 $ 65,774 $ 60,068 Diluted earnings per share (GAAP) $ 0.61 $ 0.72 $ 1.36 $ 1.21 Divestiture & other related costs, net of tax 0.24 (0.02) 0.29 0.23 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) - Adjusted diluted earnings per
share $ 0.79 $ 0.70 $ 1.55 $ 1.42
Non-GAAP Financial Measures (Cont’d) Revenue Total ForeignExchange
Rates Adjustments* AdjustedLocal Currency Total ForeignExchange Rates Adjustments* AdjustedLocal Currency Flavors &
Extracts (2.3%) 3.7% (15.1%) 9.1% 2.8% 3.1% (9.3%) 9.0% Color 9.8% 5.3% (2.6%) 7.1% 1.6% 3.8% (4.5%) 2.3% Asia Pacific 15.9% 5.5% (0.9%) 11.3% 13.4% 5.7% (0.1%) 7.8% Total
Revenue 3.9% 4.4% (9.6%) 9.1% 3.2% 3.5% (6.7%) 6.4% Operating Income Flavors &
Extracts 7.8% 3.1% (8.5%) 13.2% 18.2% 2.6% (1.5%) 17.1% Color 15.1% 5.4% 4.5% 5.2% 0.5% 4.1% 1.4% (5.0%) Asia
Pacific 19.5% (0.6%) (1.5%) 21.6% 26.6% 0.3% (0.3%) 26.6% Corporate & Other 160.9% 0.1% 131.4% 29.4% 17.0% 0.1% (7.1%) 24.0% Total Operating
Income (15.1%) 4.5% (25.4%) 5.8% 7.8% 4.3% 0.6% 2.9% Diluted Earnings Per Share (15.3%) 5.5% (29.4%) 8.6% 12.4% 5.0% 1.8% 5.6% Adjusted
EBITDA 10.4% 4.4% N/A 6.0% 7.5% 3.5% N/A 4.0% Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 * 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. 21
Non-GAAP Financial Measures (Cont’d) 22 2021 2020 % Change 2021 2020 % Change Operating
income (GAAP) $ 35,753 $ 42,125 (15.1%) $ 82,650 $ 76,686 7.8% Depreciation and amortization 13,018 12,118 25,817 24,522 Depreciation and amortization, divested product lines (48) (16) (97) (96) Share-based
compensation expense 2,075 1,485 4,188 2,662 Divestiture & other related costs, before tax 11,688 (1,527) 13,260 10,316 Results of operations of the divested product lines, before
tax 459 (331) (2,468) (1,716) Operational improvement plan costs (income), before tax (3,494) - (2,493) - Adjusted EBITDA $ 59,451 $ 53,854 10.4% $ 120,857 $ 112,374 7.5% Three Months Ended June 30, Six
Months Ended June 30,
Non-GAAP Financial Measures (Cont’d) 23 Note: *Fragrances was divested in April 2021, 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 15.8% 4.6% 11.2% 14.0% 3.7% 10.3% Natural Ingredients 5.4% 0.1% 5.3% 6.7% 0.1% 6.6% Fragrances* (100.0%) 10.2% (110.2%) (47.6%) 8.9% (56.5%) Yogurt Fruit
Prep* (61.4%) 0.0% (61.4%) (59.6%) 0.0% (59.6%) Flavors & Extracts Group (2.3%) 3.7% (6.0%) 2.8% 3.1% (0.3%) Food and Pharmaceutical 8.7% 5.1% 3.6% 6.1% 3.7% 2.4% Personal
Care 22.6% 5.8% 16.8% 6.1% 4.0% 2.1% Inks* (76.6%) 3.8% (80.4%) (90.2%) 2.0% (92.2%) Color Group 9.8% 5.3% 4.5% 1.6% 3.8% (2.2%) Asia PacificTotal revenue including the product lines
divested 15.9%3.9% 5.5%4.4% 10.4%(0.5%) 13.4%3.2% 5.7%3.5% 7.7%(0.3%) Three Months Ended June 30, 2021 Six Months Ended June 30, 2021
Q2 Divested Operations 24 Results by Segment Three Months Ended June
30, Adjusted Adjusted Revenue 2021 Adjustments* 2021 2020 Adjustments* 2020 Flavors & Extracts $ 179,401 $ (1,415) $ 177,986 $ 183,611 $ (24,742) $
158,869 Color 133,207 (792) 132,415 121,296 (3,501) 117,795 Asia Pacific 32,317 - 32,317 27,873 (213) 27,660 Intersegment elimination (9,098) - (9,098) (9,690) 239
(9,451) Consolidated $ 335,827 $ (2,207) $ 333,620 $ 323,090 $ (28,217) $ 294,873 Operating Income Flavors & Extracts $ 24,536 $ (45) $ 24,491 $ 22,752 $ (1,619) $
21,133 Color 25,615 504 26,119 22,263 1,347 23,610 Asia Pacific 5,793 - 5,793 4,849 (59) 4,790 Corporate & Other (20,191) 8,194 (11,997) (7,739) (1,527) (9,266) Consolidated $
35,753 $ 8,653 $ 44,406 $ 42,125 $ (1,858) $ 40,267 * 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.
Q2 YTD Divested Operations 25 Results by Segment Six Months Ended June
30, Adjusted Adjusted Revenue 2021 Adjustments* 2021 2020 Adjustments* 2020 Flavors & Extracts $ 380,312 $ (26,304) $ 354,008 $ 370,109 $ (52,187) $
317,922 Color 268,927 (1,328) 267,599 264,791 (12,573) 252,218 Asia Pacific 66,157 (295) 65,862 58,322 (334) 57,988 Intersegment elimination (19,867) 150 (19,717) (19,455) 292
(19,163) Consolidated $ 695,529 $ (27,777) $ 667,752 $ 673,767 $ (64,802) $ 608,965 Operating Income Flavors & Extracts $ 51,554 $ (2,925) $ 48,629 $ 43,623 $ (2,837) $
40,786 Color 52,209 544 52,753 51,927 1,214 53,141 Asia Pacific 12,545 (87) 12,458 9,908 (93) 9,815 Corporate & Other (33,658) 10,767 (22,891) (28,772) 10,316
(18,456) Consolidated $ 82,650 $ 8,299 $ 90,949 $ 76,686 $ 8,600 $ 85,286 * 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.
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