Exhibit 99.2
First Quarter 2021 Investor Presentation
2 FORWARD-LOOKING STATEMENTS 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.
3 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, adjusted EBITDA, and adjusted diluted earnings per share (which exclude divestiture & other related costs, operational improvement plan costs,
and the results of operations divested or to be divested), (2) adjusted results by segment (which exclude divestiture & other related costs, operational improvement plan costs, and the results of operations divested or to be divested),
(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 operations divested or to be divested), and (4) 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 & 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.
4 Over 135 years of Industry Leadership Established in 1882 as Meadow Springs DistilleryEvolved
into Universal Foods as a diversified food and ingredientscompanyName 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
5 Innovative Technologies Creating Unique Solutions 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
6 Focusing our portfolio and strengthening our commitment to the end markets Investing in core
focus areas of Flavors and Extracts, NaturalIngredients, Food and Pharmaceutical Colors, and Personal CareDivested non-core product lines (inks, fragrances, and yogurt fruitprep product lines) where Sensient lacked scale to competeThe sale of
these product lines solidifies our focus on core strategic businesses and improves the Company’s future growth profile
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 ChangeQ1 ’21 +1.2% Market trend toward natural colors in food and beverageUnique value proposition for Pharmaceutical customers includescolors, flavors, coatings, and extracts Personal Care 28% of Segment Revenue
29% of Adj. Segment Revenue LC Revenue ChangeQ1 ’21 (8.5%) Demand for innovative products with multiple benefitsProduct line includes formulation aides and ingredients for colorcosmetics, hair care, and skin careResults continue to be
negatively impacted by lower demand due to COVID 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 Q1 ’21 +9.4% Opportunities for on trend products with extracts, taste modulation, and natural flavors NaturalIngredients 33% of Segment Revenue 38% of Adj. Segment Revenue LC
Revenue ChangeQ1 ’21 +7.9% Leading provider of dehydrated onion, garlic, and other products Fragrances 11% of Segment Revenue LC Revenue Change Q1 ’21 (5.7%) Completed divestiture in April 2021 Yogurt Fruit Prep 2% of Segment
Revenue Completed divestiture in September 2020 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 ChinaQ1 2021 local currency adjusted revenue and operating profit improved 4.7% and 31.4%, respectively * Adjusted revenue, adjusted local currency revenue, adjusted operating income,
and adjusted local currency operating income are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
13 2021 Q1 Segment Results Local Currency Adjusted Revenue* Q1 Color (1.9%) Flavors &
Extracts 8.9% Asia Pacific 4.7% Color Group first quarter revenue decreased due to continued lower volume in Personal Care as a result of ongoing COVID impacts in the makeup category. Operating income was down in the quarter due to lower
volumes in Personal Care and unfavorable product mix in Food and Pharmaceutical Colors.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, product mix shift to more flavor sales, and the favorable impacts from cost reduction efforts.Asia Pacific Group first quarter revenue increased; however, COVID continues to impact the group in certain regions.Operating income
improved substantially due to volume growthand lower operating costs as a result of previous cost reductioninitiatives. Local Currency Adjusted OperatingIncome* Q1 Color (13.3%) Flavors & Extracts 21.2% Asia Pacific 31.4% *
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 2021 Q1 Consolidated Results Q1 Local Currency Adjusted Revenue* +4.0% Local Currency
Adjusted OperatingIncome* +0.3% Local Currency Adjusted Diluted EPS* +4.2% Local Currency Adjusted EBITDA* +2.1% Q1 consolidated revenue was up due to continued strong growth in Flavors & Extracts and Asia Pacific groups. In
particular, we continued to see growth in the savory, sweet and natural ingredients product lines. Consolidated revenue continues to be negatively impacted by COVID, particularly in the Personal Care business and certain countries within Asia
Pacific.Q1 consolidated operating income was up due to volume growth in the Flavors & Extracts and Asia Pacific groups, portfolio mix shift to flavor product solutions in the Flavors & Extracts Group, and the realized benefits from
our cost control initiatives across the groups. The operating income improvement was partially offset by lower volume in Personal Care and higher year-over-year Corporate expenses related to performance-based compensation. * 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 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 shareholdersthrough opportunistic share
repurchases $50 $87 $50 $54 $57 $81 $56 $51 $39 $52 $31 $25 $9 $87 $118 $77 $62 $66 2017 2018 2019 2020 $- $50 $100 $150 $200 $250 2016 DOLLARS IN
MILLIONS Share Repurchase Acquisitions Dividends Debt Repayments Capital Expenditures
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 shareholdersthrough opportunistic share
repurchases $50 $87 $50 $54 $57 $81 $56 $51 $39 $52 $31 $25 $9 $87 $118 $77 $62 $66 2017 2018 2019 2020 $- $50 $100 $150 $200 $250 2016 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 30 cents of divestiture related
costs, operational improvement plan costs, and the results of operations of the remaining business to be divestedAt current rates FX provides a 10 cent benefit Adjusted Diluted EPS in LocalCurrency* Mid-single digit growth Excludes
divestiture and other related costs and operational improvement plan costsExcludes results of operations of product lines divested or to bedivested Adjusted Local Currency Revenue* Low-to-mid-single digit growth Excludes revenue of product
lines divested or to be divested Adjusted Local Currency EBITDA* Mid-single digit growth Excludes divestiture and other related costs and operational improvement plan costsExcludes results of operations of product lines divested or to
bedivested
17 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
18 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 corporategovernance 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
APPENDIX – NON-GAAP TABLES
20 Non-GAAP Financial Measures Note: EPS Calculations may not foot due to rounding
differences Three Months EndedMarch 31, 2021 Three Months EndedMarch 31, 2020 Revenue (GAAP) $ 359,702 $ 350,677 Revenue of the product lines divested or to be divested (25,570) (36,585) Adjusted
revenue $ 334,132 $ 314,092 Operating income (GAAP) $ 46,897 $ 34,561 Divestiture & other related costs – Cost of products sold 25 190 Divestiture & other related costs – Selling and administrative
expenses 1,547 11,653 Operating income of the product lines divested or to be divested (2,927) (1,385) Operational improvement plan - Selling and administrative expenses 1,001 - Adjusted operating
income $ 46,543 $ 45,019 Net earnings (GAAP) $ 31,668 $ 20,773 Divestiture & other related costs, before tax 1,572 11,843 Tax impact of divestiture & other related costs 793 (934) Net earnings
of the product lines divested or to be divested, before tax (2,927) (1,385) Tax impact of the product lines divested or to be divested 723 297 Operational improvement plan costs, before tax 1,001 - Tax impact
of operational improvement plan (296) - Adjusted net earnings $ 32,534 $ 30,594 Diluted earnings per share (GAAP) $ 0.75 $ 0.49 Divestiture & other related costs, net of tax 0.06 0.26 Results of
operations of the product lines divested or to be divested, net of tax (0.05) (0.03) Operational improvement plan costs, net of tax 0.02 - Adjusted diluted earnings per share $ 0.77 $ 0.72
21 Non-GAAP Financial Measures (Cont’d) Revenue Total ForeignExchange
Rates Adjustments* AdjustedLocal Currency Flavors & Extracts 7.7% 2.4% (3.6%) 8.9% Color (5.4%) 2.4% (5.9%) (1.9%) Asia Pacific 11.1% 5.9% 0.5% 4.7% Total
Revenue 2.6% 2.7% (4.1%) 4.0% Operating Income Flavors & Extracts 29.5% 1.9% 6.4% 21.2% Color (10.3%) 3.3% (0.3%) (13.3%) Asia Pacific 33.5% 1.3% 0.8% 31.4% Corporate &
Other (36.0%) 0.0% (54.5%) 18.5% Total Operating Income 35.7% 4.1% 31.3% 0.3% Diluted Earnings Per Share 53.1% 4.1% 44.8% 4.2% Adjusted EBITDA 4.9% 2.8% N/A 2.1% The following table summarizes the
percentage change in the 2021 results compared to the 2020 results for the corresponding periods:Three Months Ended March 31, * For Revenue, adjustments consist of revenues of the product lines divested or to be divested. For Operating
Income, Diluted Earnings per Share, and Adjusted EBITDA, adjustments consist of the results of the product lines divested or to be divested, divestiture & other related costs, and operational improvement plan costs.
22 Non-GAAP Financial Measures (Cont’d) 2021 2020 % Change Operating income (GAAP) $
46,897 $ 34,561 35.7% Depreciation and amortization 12,799 12,404 Depreciation and amortization, product lines divested or to be divested (49) (80) Share-based compensation expense 2,113 1,177 Divestiture & other
related costs, before tax 1,572 11,843 Results of operations of the product lines divested or to be divested, before tax (2,927) (1,385) Operational improvement plan costs, before tax 1,001 - Adjusted EBITDA $ 61,406 $
58,520 4.9% Three Months Ended March 31,
22 Non-GAAP Financial Measures (Cont’d) 2021 2020 % Change Operating income (GAAP) $
46,897 $ 34,561 35.7% Depreciation and amortization 12,799 12,404 Depreciation and amortization, product lines divested or to be divested (49) (80) Share-based compensation expense 2,113 1,177 Divestiture & other related
costs, before tax 1,572 11,843 Results of operations of the product lines divested or to be divested, before tax (2,927) (1,385) Operational improvement plan costs, before tax 1,001 - Adjusted EBITDA $ 61,406 $
58,520 4.9% Three Months Ended March 31,
23 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 Flavors, Extracts and Flavor Ingredients 12.2% 2.8% 9.4% Natural
Ingredients 8.0% 0.1% 7.9% Fragrances 2.0% 7.7% (5.7%) Yogurt Fruit Prep* (58.3%) 0.0% (58.3%) Flavors & Extracts Group 7.7% 2.4% 5.3% Food and Pharmaceutical 3.5% 2.3% 1.2% Personal
Care (5.6%) 2.9% (8.5%) Inks* (95.3%) 1.4% (96.7%) Color Group (5.4%) 2.4% (7.8%) Asia PacificTotal revenue including product lines divested or to be divested 11.1%2.6% 5.9%2.7% 5.2%(0.1%) Three Months Ended
March 31, 2021
* For Revenue, adjustments consist of revenues of the product lines divested or to be divested. For
Operating Income, adjustments consist of the results of the product lines divested or to be divested, divestiture & other related costs, and operational improvement plan costs.24 Q1 Divested Operations Results by Segment Three Months
Ended March 31, Adjusted Adjusted Revenue 2021 Adjustments* 2021 2020 Adjustments* 2020 Flavors & Extracts $ 200,911 $ (24,889) $ 176,022 $ 186,498 $ (27,445) $
159,053 Color 135,720 (536) 135,184 143,495 (9,072) 134,423 Asia Pacific 33,840 (295) 33,545 30,449 (121) 30,328 Intersegment elimination (10,769) 150 (10,619) (9,765) 53
(9,712) Consolidated $ 359,702 $ (25,570) $ 334,132 $ 350,677 $ (36,585) $ 314,092 Operating Income Flavors & Extracts $ 27,018 $ (2,880) $ 24,138 $ 20,871 $ (1,218) $
19,653 Color 26,594 40 26,634 29,664 (133) 29,531 Asia Pacific 6,752 (87) 6,665 5,059 (34) 5,025 Corporate & Other (13,467) 2,573 (10,894) (21,033) 11,843 (9,190) Consolidated
$ 46,897 $ (354) $ 46,543 $ 34,561 $ 10,458 $ 45,019
25