Sika Germany

Sika today successfully placed a bond with a total amount of CHF 600 million through a triple tranche. The payment date of the bonds is November 28, 2022. The bonds were placed under the lead management of UBS, Credit Suisse, and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange. The net proceeds of the transaction will be used for the financing of the acquisition of the MBCC Group and for general corporate purposes to support the growth strategy of Sika.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales at CHF 7,998.5 million (+16.6% in CHF)
▪ Sales up by 18.5% in local currencies
▪ Operating profit (EBIT): CHF 1,231.5 million (+16.8%)
▪ Acquisition of Sable Marco (Canada) and UGL (USA)
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, and in the USA

Outlook for 2022 fiscal year confirmed:
▪ Sales increase in local currencies of over 15%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT expected
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
▪ Closing of MBCC acquisition targeted for first half of 2023

The motto of Sika Capital Markets Day 2022, which takes place in Zurich today, is “Our Path to Net Zero”. Sika’s management team outlines the strategy that allows the company to maintain a high level of growth while achieving its net zero targets by 2050. In a presentation delivered to a 200-plus audience, CEO Thomas Hasler confirms the strategic attractiveness of the MBCC acquisition, and revises growth expectations upward for 2022.