Givaudan S.A.

And during the conference, may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as any questions. Please hold the line. The conference will begin shortly. Thank you. and many more. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you answered the question. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on their touch-tone telephone. You will hear a tone to confirm that you've entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as any questions. Please hold the line. The conference will begin shortly. Thank you. and many more. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as any questions. Please hold the line. The conference will begin shortly. Thank you. and many more. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on their touch-tone telephone. You will hear a tone to confirm that you've entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. and many more. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as any questions. Please hold the line. The conference will begin shortly. Thank you. and many more. Please note, anyone who wishes to ask a question during the conference may press star and 1 on the touch-tone telephone. You will hear a tone to confirm that you've answered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use only hands as well as connect questions. Please hold the line. The conference will begin shortly. Thank you. Please note, anyone who wishes to ask a question during the conference may press star and 1 on their touch-tone telephone. You will hear a tone to confirm that you've entered the queue. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to choose only hands as well as any questions. Please hold the line. The conference will begin shortly. Thank you.

Ladies and gentlemen, welcome to the GIVAUDAN 2026 Half-Year Results Conference Call-A-Live webcast. I am Valentina De Coro, school operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christian Schamköthe, CEO. Please go ahead.

Thank you, Valentina. Dear ladies and gentlemen, good morning and welcome to our 2026 first half year results conference call. My first one as the CEO for Givaudan. Stewart Harris, our CFO, joins me today and all documents related to the results are available on our website. I will lead you through the business highlights before Stewart will share more details on our operating performance and we will remind the 2030 strategy and outlook before we open the Q&A session. So let's get started. Let me start a bit with my first months. Over my first five months as the CEO at Giraudan, I focused on listening and immersing myself with customers, employees and investors, discovering firsthand the strengths of the business model and the passion across the organization while gaining a deep understanding of the business. I've been traveling to many of our sites, visiting both divisions across Europe, NORAM, LATAM, Asia and Samia. I met with many customers and also with partners to learn about the unique upstream model we have in the sourcing of unique natural ingredients. What stands out is Givaudan's unique combination of creativity, science and operational excellence, supported by a strong customer-centric culture and long-term relationships. I have great respect for what has been achieved here and for the teams who make it happen. As shared before, my agenda is built around three priorities. Optimize, future-proof and together. Optimize means fine-tuning the strategy where needed while driving strong execution, productivity, and disciplined capital allocation. Future-proof focuses on investing selectively in innovation, data, digital, and AI, capabilities to support long-term growth and strengthen Givaudan's unique modes. And together reflects our collaborative culture working closely across teams, customers, and partners to create value. I look very much forward to sharing more on our strategic priorities at the summer conference that we hold in Zurich at the end of August. So in short, I've listened, I've learned, and I'm obviously now in action mode, focused on aligning the organization to amplify what already works while addressing areas where we can accelerate and I look forward to delivering on our 2030 ambition together with this exceptional team and to updating you as we progress.