Sensient Technologies Corporation Fourth Quarter 2024 Earnings Call February 14, 2025

Non-GAAP Financial Measures 2 Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan costs, (2) percentage changes in revenue, operating income, and diluted earnings per share on an adjusted local currency basis, which eliminate the effects that result from translating its international operations into U.S. dollars and restructuring and other costs, including the Portfolio Optimization Plan costs, (3) adjusted EBITDA and adjusted EBITDA Margin (which excludes Portfolio Optimization Plan costs and non-cash share based compensation expense), and (4) free cash flow, which deducts capital expenditures from net cash provided by operating activities. The Company has included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable year-over-year 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. 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.

Forward Looking Statements 2 This document contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws including under “2025 Financial Outlook”, “Full Year 2025 Group Outlook”, “Long-Term Outlook”, “Consolidated Full Year 2025 Outlook”, and "Business Initiatives and 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 Company’s ability to manage general business, economic, and capital market conditions, including actions taken by customers in response to such market conditions, and the impact of recessions and economic downturns; the impact of macroeconomic and geopolitical volatility, including inflation and shortages impacting the availability and cost of raw materials, energy, and other supplies, disruptions and delays in the Company’s supply chain, and the conflicts between Russia and Ukraine and in the Middle East; industry, regulatory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; the availability and cost of labor, logistics, and transportation; 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, changing technologies, and changing regulations; 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 Portfolio Optimization Plan; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors; the Company’s ability to enhance its innovation efforts and drive cost efficiencies; 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, 2024, 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.

Q4 2024 Consolidated Results 5 (1) See appendix for our GAAP to Non-GAAP reconciliations.

Revenue Strong volume growth across all product lines in the quarter driven by new wins Low single-digit pricing Operating Results Strong operating leverage in the quarter due to volume growth and favorable pricing Adjusted EBITDA Margin1 for the Group was 20.6% in Q4 2024, up 160 bps from Q4 2023 Color Group Performance Local Currency1 Results Commentary Local Currency1 Full Year Results vs. Prior Year Revenue +7.3% Operating Profit +14.2% 2023 2024 Adjusted EBITDA Margin1 Full Year 2025 Group Out 21.0% look2 22.1% Mid-single-digit local currency revenue1 growth 6 (1) See appendix for our GAAP to Non-GAAP reconciliations. (2) Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date.

Revenue Favorable pricing and strong volume growth driven by new wins Operating Results Operating leverage improved in the quarter due to favorable pricing and solid volume growth Flavors & Extracts Group Performance Local Currency1 Results Commentary Full Year 2025 Group Outlook2 Mid-single-digit local currency revenue1 growth Local Currency1 Full Year Results vs. Prior Year Revenue +7.1% Operating Profit +10.8% 2023 2024 Adjusted EBITDA Margin1 15.8% 16.1% 8 (1) See appendix for our GAAP to Non-GAAP reconciliations. (2) Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date.

Revenue Volume growth driven by increase in new sales wins Operating Results Growth driven by higher volumes across the Group Adjusted EBITDA Margin1 for the Group was 21.7% in Q4 2024, up 190 bps from Q4 2023 Asia Pacific Group Performance Local Currency1 Results Commentary Full Year 2025 Group Outlook2 High single-digit local currency revenue1 growth Local Currency1 Full Year Results vs. Prior Year Revenue +13.0% Operating Profit +14.1% 2023 2024 Adjusted EBITDA Margin1 22.8% 22.7% 8 (1) See appendix for our GAAP to Non-GAAP reconciliations. (2) Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date.

9 Local Currency Revenue2 Growth rate of mid-single-digit Business Outlook1 Long-Term Outlook Local Currency Revenue2 Growth rate of mid-single-digit Local Currency Adjusted EBITDA2 Growth rate of mid-to high single-digit Local Currency Adjusted EPS2 Growth rate of high single-digit to double-digits Consolidated Full Year 2025 Outlook Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date. See appendix for our GAAP to Non-GAAP reconciliations.

Among colored food and beverage launches, natural colors have increased in all regions in the past 10 years. Consumers desire natural products Natural color trend provides a long runway for profitable growth Sensient is well positioned for growth with a broad product portfolio and commitment to innovation Natural color demand provides growth opportunity for Sensient Global Natural Color Launches North America 2024: 75% 10 Latin America 2024: 75% Europe 2024: 86% Middle East & Africa 2024: 65% Asia Pacific 2024: 79% Source: Mintel 2025, Percent of Colored Launches with Natural Color

Food & Pharma Personal Care Natural colors make up ~60% of food and pharmaceutical product line revenue and ~20% of total company revenue Natural colors continue to grow above overall company mid-term outlook Red 3, a synthetic color, is less than ~0.5% of total company revenue Food & Pharmaceutical Color Portfolio Color Commentary Synthetic Natural 10

Supporting our customers and delivering leading natural color technologies 12

Q4 2024 Financial Review 13 (1) See appendix for our GAAP to Non-GAAP reconciliations. (dollars in thousands) Q4 2023 Q4 2024 Local Currency Growth1 Revenue $ 349,302 $ 376,420 +8.9% Operating Income (GAAP) $ 8,063 $ 41,996 Operating Margin 2.3% 11.2% Adjusted Operating Income1 $ 35,904 $ 42,852 +20.8% Adjusted Operating Margin1 10.3% 11.4% Diluted EPS (GAAP) $ (0.14) $ 0.71 Adjusted Diluted EPS1 $ 0.51 $ 0.65 +29.4% Adjusted EBITDA1 $ 52,012 $ 61,100 +18.8% Adjusted EBITDA Margin1 14.9% 16.2% Consolidated Commentary: Local currency revenue1 increased 8.9% Q4 2024 results included $0.9 million of Portfolio Optimization Plan costs Adjusted EBITDA Margin1 improved 130 bps in the quarter due to strong volume growth across all Groups and favorable pricing

2024 Cash Flow and Debt Metrics 13 (1) See appendix for our GAAP to Non-GAAP reconciliations. Q4 2023 YTD Q4 2024 YTD Cash Flow from Operations $ 169.7 million $ 157.2 million Capital Expenditures $ 87.9 million $ 59.2 million Free Cash Flow1 $ 81.8 million $97.9 million Total Debt $ 658.5 million $ 633.4 million Net debt to credit adjusted EBITDA1 2.6x 2.3x Commentary: 1 1 Cash flow from operations of $157.2 million in 2024 compared to $169.7 million in 2023 due to higher net working capital. Free cash flow increased 19.7% in 2024 compared to 2023. Net debt to credit adjusted EBITDA decreased to 2.3x in 2024 due to strong adjusted EBITDA1 performance and a decrease in debt during the year.

2025 Financial Outlook1 15 Metric Current Guidance Local Currency Revenue2 Mid-single-digit growth Local Currency Adjusted EBITDA2 Mid-to high single-digit growth Diluted EPS (GAAP)3 $3.05 to $3.15 Local Currency Adjusted Diluted EPS2 High single-digit to double-digit growth Capital Expenditures $70 to $80 million Adjusted Effective Tax Rate ~ 25.5% Interest Expense4 Slight Increase Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date. See appendix for our GAAP to Non-GAAP reconciliations. Diluted EPS (GAAP) includes $0.10/share to $0.15/share of foreign currency headwinds based on current exchange rates and $0.13/share of Portfolio Optimization Plan costs. Total plan costs are still expected to be approximately $40M. Interest expense assumes no USD borrowing rate reductions for 2025.

Appendix1 (1) Amounts in thousands, except percentages and per share amounts.

Non-GAAP Financial Measures 2024 2023 % Change Operating income (GAAP) $ 41,996 $ 8,063 420.8% Portfolio Optimization Plan costs – Cost of products sold 839 3,135 Portfolio Optimization Plan costs – Selling and administrative expenses 17 24,706 Adjusted operating income $ 42,852 $ 35,904 19.4% Net earnings (GAAP) $ 30,104 $ (5,833) 616.1% Portfolio Optimization Plan costs, before tax 856 27,841 Tax impact of Portfolio Optimization Plan costs(1) (3,570) (415) Adjusted net earnings $ 27,390 $ 21,593 26.8% Diluted earnings per share (GAAP) $ 0.71 $ (0.14) 607.1% Portfolio Optimization Plan costs, net of tax (0.06) 0.65 Adjusted diluted earnings per share $ 0.65 $ 0.51 27.5% 20 Note: Earnings per share calculations may not foot due to rounding differences. (1) Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates. Three Months Ended December 31,

Non-GAAP Financial Measures 20 Revenue Total Foreign Exchange Rates Adjustments(1) Adjusted Local Currency Flavors & Extracts 2.8% (0.6%) N/A 3.4% Color 11.8% (2.2%) N/A 14.0% Asia Pacific 26.1% 0.9% N/A 25.2% Total Revenue 7.8% (1.1%) N/A 8.9% Operating Income Flavors & Extracts 18.2% (0.2%) 0.0% 18.4% Color 24.4% (3.0%) 0.0% 27.4% Asia Pacific 44.3% 2.6% 0.0% 41.7% Corporate & Other (61.4%) 0.0% (105.5%) 44.1% Total Operating Income 420.8% (6.7%) 406.7% 20.8% Diluted Earnings Per Share 607.1% (7.2%) 584.9% 29.4% Adjusted EBITDA 17.5% (1.3%) N/A 18.8% Three Months Ended December 31, 2024 (1) Adjustments consist of Portfolio Optimization Plan costs.

Non-GAAP Financial Measures 20 Revenue Total Foreign Exchange Rates Adjustments(1) Adjusted Local Currency Flavors & Extracts 7.1% 0.0% N/A 7.1% Color 6.6% (0.7%) N/A 7.3% Asia Pacific 11.2% (1.8%) N/A 13.0% Total Revenue 6.9% (0.5%) N/A 7.4% Operating Income Flavors & Extracts 10.6% (0.2%) 0.0% 10.8% Color 13.4% (0.8%) 0.0% 14.2% Asia Pacific 11.9% (2.2%) 0.0% 14.1% Corporate & Other (13.7%) 0.0% (42.4%) 28.7% Total Operating Income 23.6% (1.0%) 15.3% 9.3% Diluted Earnings Per Share 33.0% (1.4%) 28.5% 5.9% Adjusted EBITDA 7.6% (0.7%) N/A 8.3% Year Ended December 31, 2024 (1) Adjustments consist of Portfolio Optimization Plan costs.

Non-GAAP Financial Measures 20 Three Months Ended December 31, 2024 Revenue Total Foreign Exchange Rates Local Currency Flavors, Extracts, and Flavor Ingredients 5.9% (1.0%) 6.9% Natural Ingredients (2.1%) (0.0%) (2.1%) Flavors & Extracts Group 2.8% (0.6%) 3.4% Food and Pharmaceutical 13.6% (2.2%) 15.8% Personal Care 6.8% (2.0%) 8.8% Color Group 11.8% (2.2%) 14.0% Asia Pacific 26.1% 0.9% 25.2% Total revenue 7.8% (1.1%) 8.9%

Non-GAAP Financial Measures Results by Segment Adjusted Adjusted Operating Income 2024 Adjustments(1) 2024 2023 Adjustments(1) 2023 Flavors & Extracts $ 21,345 $ - $ 21,345 $ 18,059 $ - $ 18,059 Color 26,542 - 26,542 21,343 - 21,343 Asia Pacific 8,495 - 8,495 5,889 - 5,889 Corporate & Other (14,386) 856 (13,530) (37,228) 27,841 (9,387) Consolidated $ 41,996 $ 856 $ 42,852 $ 8,063 $ 27,841 $ 35,904 Three Months Ended December 31, (1) Adjustments consist of Portfolio Optimization Plan costs. 20

Non-GAAP Financial Measures 20 Flavors & Extracts Group 2024 2023 2024 2023 Operating Income (GAAP) $ 21,345 $ 18,059 $ 97,094 $ 87,773 Depreciation and amortization 7,603 7,378 30,437 29,400 Adjusted EBITDA $ 28,948 $ 25,437 $ 127,531 $ 117,173 Segment Revenue $ 188,114 $ 182,939 $ 793,698 $ 741,072 Operating Income Margin (GAAP) 11.3% 9.9% 12.2% 11.8% Adjusted EBITDA Margin 15.4% 13.9% 16.1% 15.8% Three Months Ended December 31, Year Ended December 31,

Non-GAAP Financial Measures 20 Color Group 2024 2023 2024 2023 Operating Income (GAAP) $ 26,542 $ 21,343 $ 119,529 $ 105,370 Depreciation and amortization 5,992 5,487 23,417 22,294 Adjusted EBITDA $ 32,534 $ 26,830 $ 142,946 $ 127,664 Segment Revenue $ 158,134 $ 141,396 $ 647,939 $ 607,959 Operating Income Margin (GAAP) 16.8% 15.1% 18.4% 17.3% Adjusted EBITDA Margin 20.6% 19.0% 22.1% 21.0% Three Months Ended December 31, Year Ended December 31,

Non-GAAP Financial Measures 20 Asia Pacific Group 2024 2023 2024 2023 Operating Income (GAAP) $ 8,495 $ 5,889 $ 34,458 $ 30,800 Depreciation and amortization 596 683 2,472 2,548 Adjusted EBITDA $ 9,091 $ 6,572 $ 36,930 $ 33,348 Segment Revenue $ 41,861 $ 33,202 $ 162,525 $ 146,090 Operating Income Margin (GAAP) 20.3% 17.7% 21.2% 21.1% Adjusted EBITDA Margin 21.7% 19.8% 22.7% 22.8% Three Months Ended December 31, Year Ended December 31,

Non-GAAP Financial Measures 2024 2023 % Change Operating Income (GAAP) $ 41,996 $ 8,063 420.8% Depreciation and amortization 15,144 14,460 Share-based compensation expense 3,104 1,648 Portfolio Optimization Plan costs, before tax 856 27,841 Adjusted EBITDA $ 61,100 $ 52,012 17.5% Total Revenue $ 376,420 $ 349,302 Operating Income Margin (GAAP) 11.2% 2.3% Adjusted EBITDA Margin 16.2% 14.9% Three Months Ended December 31, 20

Non-GAAP Financial Measures 2024 2023 % Change Net cash provided by operating activities (GAAP) $ 157,151 $ 169,697 (7.4%) Capital expenditures (59,212) (87,868) Free Cash Flow $ 97,939 $ 81,829 19.7% Twelve Months Ended December 31, 20

Non-GAAP Financial Measures Year Ended December 31, 28 Debt 2024 2023 Short-term borrowings $ 19,848 $ 13,460 Long-term debt 613,523 645,085 Credit Agreement adjustments(1) (13,129) (16,743) Net Debt $ 620,242 $ 641,802 Operating income (GAAP) $ 191,579 $ 155,023 Depreciation and amortization 60,329 57,820 Share-based compensation expense 10,084 8,933 Portfolio Optimization Plan costs, before tax 6,631 27,841 Other non-operating gains(2) (905) (762) Credit Adjusted EBITDA $ 267,718 $ 248,855 Net Debt to Credit Adjusted EBITDA 2.3x 2.6x (1) Adjustments include cash and cash equivalents, as described in the Company's Third Amended and Restated Credit Agreement (Credit Agreement), and certain letters of credit and hedge contracts. (2) Adjustments consist of certain financing transaction costs, certain non-financing interest items, and gains and losses related to certain non-cash, non-operating, and/or non-recurring items as described in the Credit Agreement.