Exhibit 99.1
Sensient Technologies Corporation
Forward Looking Statements This document contains statements that may
constitute “forward-looking statements” within the meaning of Federal securities laws. 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 economic and capital 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; the availability and cost of labor, logistics, and transportation; the impact and uncertainty created by the COVID-19 pandemic and efforts to manage
it on the global economy, including, but not limited to, its effects on our employees, facilities, customers, and suppliers, governmental regulations and restrictions, and general economic conditions; the uncertain impacts of the ongoing
conflict between Russia and Ukraine on our supply chain, input costs, including energy and transportation, and on 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; 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, 2022, 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. 2 The content of this document remains the intellectual property of Sensient (2023). All rights reserved.
Non-GAAP Financial Measures Within this document, the Company reports certain
non-GAAP financial measures, including: (1) 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, divestiture & other related costs and income, the results of the divested product lines, and restructuring and other costs, which include operational improvement plan costs and income), (2) adjusted local currency results by
segment (which exclude divestiture & other related costs and income, operational improvement plan costs and income, 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, divestiture & other related costs and income, the results of the divested
product lines, and restructuring and other costs, which include operational improvement plan costs and income), and (4) adjusted EBITDA (which excludes depreciation and amortization expense, non- cash share based compensation expense, the
results of the divested product lines, divestiture & other related costs, and operational improvement plan costs and income). 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. The Company believes this information can be beneficial to
investors for these 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. 3
Sensient Tech nologies: Lev el 1 Company Confidential Sensient Overview
Leading global manufacturer and marketer of colors, flavors, and other specialty
ingredients Using advanced technologies and robust global supply chain capabilities to develop specialized solutions Flavors & Extracts 2022 Revenue: $738M Flavors Extracts Taste Technologies Natural
Ingredients BioNutrients Essential Oils Colors 2022 Revenue: $604M Food & Beverage Pharmaceutical Cosmetics Industrial Asia Pacific 2022 Revenue: $144M Flavors & Colors for food and beverage 2022 Global Revenues include
intercompany sales which are eliminated on a consolidated basis. 5
Global Footprint - A Global Strategic Advantage 6 Colors Sites Flavors Sites
APAC Sites Global Headquarters Milwaukee, WI, USA
2022 Financial Results Color Group +15.0% +15.1% Flavors & Extracts Group
+5.8% +10.3% Asia Pacific Group +14.4% +22.5% Consolidated +9.7% +12.5% Local Currency Adjusted EBITDA* +12.8% Local Currency Adjusted Diluted EPS* +9.9% Local Currency Adjusted Revenue* Local Currency Adjusted Operating
Income* *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. 7
2023 Q2 YTD Financial Results Local Currency Revenue* Local Currency Operating
Income* Color Group +5.7% (0.7%) Flavors & Extracts Group (1.4%) (19.3%) Asia Pacific Group +6.9% +9.7% Consolidated +2.6% (4.4%) Local Currency Adjusted EBITDA* (4.4%) Local Currency Diluted EPS* (10.0%) *Local-currency (LC)
revenue, operating income, diluted EPS, and adjusted EBITDA are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document. 8
2023 Industry Trends New Wins & Product Launches Expect volume declines
related to destocking to continue to moderate as the year progresses Energy, growing costs, and certain commodity costs remain elevated; however, the supply chain has become less volatile Adjustments to cover inflation-driven costs have
been significant across the value chain; however, moving forward price adjustments are expected to be more targeted as inflationary increases lessen New win rate remains strong and there is positive momentum in product launch
activity Inflation Pricing Destocking 9
Macro Trends to Watch 4 Pet Category Surge Consumers are trying new products
more often. Elevated visual and taste experiences dominate their preferences while shopping and consuming the product. The rate of new product launches suffered recently; however, long term consumer trends suggest rise in new launches by
both consumer and store brand. Natural and organic products are top decision- making criteria. Clean label message is resonating and continues to get attention. Pet ownership is rising, and consumers continue to spend on their pets.
Category humanization is leading to a push for specialization of products to meet the demands of the pets and their owners. The importance of physical and mental health is on the rise. Consumers are seeking products with functional benefits
and eliminating unhealthy ingredients such as Salt and Sugar from their diets. 2 Speed to Market 5 Health & Wellness 3 Clean Label 1 Approachable Indulgence 10
Sensient Tech nologies: Lev el 1 Company Confidential Sensient Color Group
Color Group End Market Segments Overview Makeup Skin Care Fragrance Personal
Care Hair Beverage Dairy Bakery Grocery Confection Pet Personal Care 2022 Revenue $165M OTC Nutraceutical Rx Color Group Segment 2022 Revenue $604M Food & Pharmaceutical 2022 Revenue $439M 12 2022 Revenues include
intercompany sales which are eliminated on a consolidated basis.
Sensient Tech nologies: Lev el 1 Company Confidential Sensient Food Colors
Sensient Food Colors The leading global food color house Customer base is
across all major food market segments 14
Food Colors Strategic Pillars Sensient enables food and beverage manufacturers
to benefit from the full potential of food color. We know how to refine the best color ingredients nature has to offer, make them perform well in food and beverages, and delight our customers with exceptional service. Advanced Natural
Color Innovation Customer- Centric Application Support Service Excellence Leading Food Safety Program Key Market and Color Insights 14
Sensient Food Colors – Expertise Across the Value Chain APPLICATION
EXPERTISE 14
Sensient Food Colors Natural Color Journey We are growing capabilities and
capacity through a combination of R&D investments, acquisitions, capital investments, and agronomy development. Early 2010’s Expansion Natural Color Expansion Phase 1 – Globally 2023 Expansion Natural Color Expansion Phase 2 –
Globally Germany 14
Sensient Food Colors Innovation Platforms Natural Blue Marine Blue Coloring
Food Dispersions ‚Ultra Clean‘ Coloring Foods 14
Sensient Tech nologies: Lev el 1 Company Confidential Market Trends &
Dynamics
Market Size Expected to Continue to Grow 20 Natural color market is expected
to grow at a mid-single digit rate Natural color requires higher usage rate versus synthetic Natural color adoption outside of Europe will continue to drive market growth Consumer and regulatory trends contribute to ongoing market
expansion $1,623 $587 $263 $222 Natural/CF Synthetic Nature Identical TiO2 $0 $500 $1,000 $1,500 $2,000 2022 Millions of US Dollars Source: Sensient internal estimates
Consumer Demand For ‘Less Artificial’ is Evergreen Trend 22
80% of New Product Launches Use Natural Colors % of Food & Drink Product
Launches Using Natural Color in 2022 % Increase from 2014 to 2022 22
TiO2 is under scrutiny globally Consumer interest in better plant-based
proteins remains Pet humanization driving conversion to natural colors Transition to natural colors is global Europe is undergoing a transition to coloring foods Market potential is 2x the size of the current TiO2 market Products require
high color usage to meet expectations Market for color in pet is expected to more than double next 5 years Growth in natural color market is expected to grow MSD+ over next decade Mature natural color market still should grow MSD Growth
Opportunities for Sensient Food & Beverage 23 Source: Market growth rates are based on Sensient internal estimates
Sensient Tech nologies: Lev el 1 Company Confidential Sensient Personal Care
Sensient Personal Care Applications Across all beauty applications Face Care
Body Care Sun Care Make-up Hair Colour Hair Care Fragrance 25 Oral Care Personal Care
CSR program Run
the Innovation Digitalization Regulatory Application Global trains on time support production Lead Driven by natural Use of digital Experts are at capabilities transparency and Service trends and tools to the forefront
of Regional traceability excellence regulatory seamlessly new global expertise Close to changes connect with our regulation close to customer’s customers changes customers production sites 25 Sensient Personal Care Market
Strategy Value Proposition
Color protection Solubilizer Surface treatment Biobased pigment Natural
colors Many fragrance and personal care color protectors are blacklisted by our customers Market potential for color protectors is expected to expand Customers are starting to ban PEG polymer Products require higher usage to meet
expectations Sustainable and traceable & easy dispersibility in water/oil Market for ingredients with traceability is expected to continue to grow Anticipate transition to natural colors in lipstick Growth in natural color market over
next decade Combine our 3 areas of expertise; Natural colors, solubilizers, and color protection First ready to use stable natural dye Growth Opportunities for Sensient Personal Care 25
Sensient Tech nologies: Lev el 1 Company Confidential Sensient Flavors &
Extracts Group
It’s a matter of TASTE 29 We partner with our customers to create delicious
and visually appealing food and beverages with our team of experts and portfolio of solutions How Sensient Wins – Our Value Proposition Industry leading customer service KPIs, from samples and document turnaround, to OTIF and
commercialization Fully formulate product, improving customer speed to market Product performance with great-tasting flavors, flavor ingredients, extracts and technologies Best in class marketing collaboration
We are a supplier of flavors, extracts, flavor ingredients, and technologies
that meets the highest quality and service our customers demand. We are an agile organization and offer scalable capabilities in food & beverage categories. Sensient Flavors & Extracts Group Sweet Flavors &
Extracts Inclusions Sauces/Variegates Functional Ingredients Taste Technologies 30 Beverage Flavors & Extracts Functional Ingredients Taste Technologies Savory Flavors & Extracts Taste defining Hydrolyzed Vegetable
Protein’s (HVP) Yeast Extracts (YE) Functional Ingredients Taste Technologies Natural Ingredient Onion Garlic Parsley Chilies Varietals Organic Versions Taste Technologies (Roasted & Toasted) BioNutrient Tailored nutritional
blends for Human, Animal & Plant health
Capital Investment Strategy 31 2014-2019 Phase I and Phase
II 2020 2021 2022 2023 Restructuring Phases I & II: Consolidated and upgraded flavor production & technical sites Created US & Singapore Innovation Hubs Savory Flavors Capacity Expansion Divested Fruit Prep
Business Acquisitions Flavor Solutions Inc. New Mexico Chile Products US Sweet Flavors & Inclusion Expansion Asia Pac Flavor Production Expansion European Flavor & Compounding Automation European Specialty Inclusion
Line Divested Aroma Chemical Business Investment in Automation Expansion of US Research Center
Getting Aroma, Sight, and Taste Right! Better taste and visual appeal Project
work designed around end use product Complete end to end product development, from consumer insights to final prototype Experienced team lead by IFT Certified Foods Scientist Internal and external paneling capabilities Fully
equipped sensory laboratory Multiple advanced methodologies Collaboration Onsite Equipment Reactors Spray Dryer Retort Lab and pilot scale equipment Fully equipped commercial kitchen Scale Up We Support Customers from Conception
to Launch 32 Innovation Hub R&D Lab Sensory Multiple iterations in just days to increase customer speed to market Rapid bench formulation for F&B categories Preliminary nutrition & ingredient statements Consumer Insight
and Trends led ideations. Extensive cumulative technical expertise in the Food industry Support with flavor matches, ingredient substitution, preference, masking Experts in complete color and flavor systems Deep knowledge of end- use
markets
Sensient Flavors & Extracts Technology Platforms 33 BOOSTING Mask
Undesirable Notes Add Characteristic Notes Boost Product Performance TECHNOLOGY SOLUTIONS ADDING Taste defining technologies and ingredients bring something new to enhance product performance. MASKING Technologies to help mask off
notes that impact product performance. Help restore key aspects of product enjoyment, or enhance missing taste elements such as mouthfeel, juiciness, umami, sweetness, and salt.
End Market Segment and Growth Areas 34 Beverages One of the most dynamic
flavor forward categories with low barrier to entry and diverse products Ice Cream & Novelties Globally, one of the largest segments with consistent growth and high product churn Bakery Category driven by routines and habits is looking
for innovation and taste differentiation Plant-Based This product segment is the future and its success will depend on solving taste and texture likeability challenges Sauces, Dips & Dressings These products are a preferred way to
bring taste variety to a meal at home or at a QSR Soups A staple comfort food with a vast variety of taste options driven by texture and ingredient choices Meat Maintaining juiciness and moisture continuously presents a challenge Salt
& Sugar Reduction Wellness trend is driving change across entire F&B, presenting taste challenges in many of the products
Sensient Tech nologies: Lev el 1 Company Confidential Appendix* *Amounts in
thousands, except percentages and per share amounts
Non-GAAP Financial Measures Year Ended December 31, Adjusted Adjusted 2022
Adjustments* 2022 2021 Adjustments* 2021 Revenue Flavors & Extracts $ 738,003 $ - $ 738,003 $ 739,427 $ (27,837) $ 711,590 Color 604,017 - 604,017 545,270 (2,080) 543,190 Asia
Pacific 143,581 - 143,581 135,348 (295) 135,053 Intersegment elimination (48,562) - (48,562) (39,781) 150 (39,631) Consolidated $1,437,039 $ - $ 1,437,039 $1,380,264 $ (30,062) $ 1,350,202 Operating
Income Flavors & Extracts $ 105,424 $ - $ 105,424 $ 98,660 $ (2,368) $ 96,292 Color 114,619 - 114,619 103,575 575 104,150 Asia Pacific 29,492 - 29,492 26,330 (87) 26,243 Corporate & Other (52,784) (2,532)
(55,316) (58,537) 12,243 (46,294) Consolidated $ 196,751 $ (2,532) $ 194,219 $ 170,028 $ 10,363 $ 180,391 * 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 income, and 2021 operational improvement plan costs and income. 40
Non-GAAP Financial Measures 40 Diluted earnings per share (GAAP) Divestiture
& other related (income) costs, net of tax Results of operations of the divested product lines, net of tax Operational improvement plan income, net of tax Adjusted diluted earnings per share $ 3.34 $ (0.04) - 2.81
18.9% 0.38 (0.03) - (0.03) $ 3.29 $ 3.13 5.1% Year Ended December 31, 2022 2021 % Change Operating income (GAAP) Depreciation and amortization Depreciation and amortization, divested product lines Share-based compensation
expense Divestiture & other related (income) costs, before tax Results of operations of the divested product lines, before tax Operational improvement plan income, before tax Adjusted EBITDA $ 196,751 52,467 - 16,138 (2,532) - $
170,028 15.7% 52,051 (146) 9,573 14,138 (1,880) - (1,895) $ 262,824 $ 241,869 8.7% Year Ended December 31, 2022 2021 % Change
Non-GAAP Financial Measures 40 Revenue Total Foreign Exchange Rates
Adjustments* Adjusted Local Currency Flavors & Extracts (0.2%) (2.2%) (3.8%) 5.8% Color 10.8% (3.8%) (0.4%) 15.0% Asia Pacific 6.1% (8.0%) (0.3%) 14.4% Total Revenue 4.1% (3.4%) (2.2%) 9.7% Operating
Income Flavors & Extracts 6.9% (0.9%) (2.5%) 10.3% Color 10.7% (5.1%) 0.7% 15.1% Asia Pacific 12.0% (10.1%) (0.4%) 22.5% Corporate & Other (9.8%) 0.0% (29.4%) 19.6% Total Operating
Income 15.7% (5.2%) 8.4% 12.5% Diluted Earnings Per Share 18.9% (5.3%) 14.3% 9.9% Adjusted EBITDA 8.7% (4.1%) N/A 12.8% Year Ended December 31, 2022 * 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 income, and 2021 operational improvement plan costs and
income.
Non-GAAP Financial Measures 40 2023 2022 % Change Operating income
(GAAP) $ 102,429 $ 108,033 (5.2%) Depreciation and amortization 28,590 26,180 Share-based compensation expense 4,766 8,691 Adjusted EBITDA $ 135,785 $ 142,904 (5.0%) Six Months Ended June 30,
Non-GAAP Financial Measures 40 Revenue Total Exchange Rates Local
Currency Flavors & Extracts (1.3%) 0.1% (1.4%) Color 5.6% (0.1%) 5.7% Asia Pacific 3.1% (3.8%) 6.9% Total Revenue 2.2% (0.4%) 2.6% Operating Income Flavors &
Extracts (19.0%) 0.3% (19.3%) Color (1.2%) (0.5%) (0.7%) Asia Pacific 5.6% (4.1%) 9.7% Corporate & Other (19.0%) 0.0% (19.0%) Total Operating Income (5.2%) (0.8%) (4.4%) Diluted Earnings Per
Share (11.1%) (1.1%) (10.0%) Adjusted EBITDA (5.0%) (0.6%) (4.4%) Six Months Ended June 30, 2023 Foreign