Alon Granot Executive Vice President CFO Frutarom Ind

לצמוח בעזרת רכישות מתיאוריה למעשה Alon Granot – Executive Vice President & CFO – Frutarom Ind.

A Leading Global Flavor and Fine Ingredient House Global Company • Sales in 145 countries • 15, 500 customers Broad Product Portfolio • 31, 000 products • 4, 000 raw materials Public Company • Listed on London and Tel Aviv Stock Exchanges (FRUT) Financial Success Since 2000 10 • 7. 6 x growth in sales (CAGR 18. 4%) • 11. 1 x growth in EBITDA • 13 x growth in net profit

Frutarom - A Global Company Accelerated growth - organic and through strategic acquisitions Etol Rad Mexico Ukraine Kazakhstan Canada 1996 Tel Aviv stock exchange Russia Turkey Hong Kong Brazil CPL Aroma Meer Nesse Oxford Adumim AM Todd Costa Rica Savoury Flavours AROMA Hagelin FSI OH Aromco CH Hansen IT Raychan EAFI Rieber India Balmey Kunshan Sales office CH Hansen DE Jupiter 1990 -2000 11 PTI Abaco Flachsmann Flavour key Botanicare Rayner Mylner S. Africa FSI Corona Poland Czech Rep. Gewurzmuller IFF FS HK F&F Tohar Baltimore France London stock exchange Acatris Jann. De. Ree 2001 -2002 acquisition 2003 2004 2005 2006 2007 2009 2011 2012 2013

Frutarom - A Global Company We provide our customers with global and local support Corona, CA Norway Denmark Saint Petersburg Novosibirsk Belarus Moscow Netherlands UK North Ukraine Germany Poland Perm Saratov UK South Belgium Slovakia Moldova Kazakhstan Serbia France Switzerland Slovenia Italy Turkey China Israel Cincinnati, OH New Jersey Georgia Mexico India Hong Kong Guatemala Costa Rica Singapore Indonesia Brazil Production – 34 Sites R&D – 41 Labs Sales & Marketing – 79 Offices South Africa

Towards Accelerated Penetration of Emerging Markets 13 Asia • Expanding R&D and sales force in China, Indonesia, Philippines, Thailand, Vietnam • Building a state-of-the art, highcapacity plant in China with both traditional and savory flavor capabilities Central and Eastern Europe • Manufacturing in Russia • Strengthening R&D and Application Centers in Russia, Ukraine, and Kazakhstan • Strong base in central Europe Central & South America • Manufacturing in Brazil and Guatemala • Expanding penetration • R&D and Applications Centers in Mexico, Costa Rica & Guatemala • Evaluating acquisition opportunities Africa • Production, R&D and Application Center • New acquisition in South Africa • Evaluating acquisition opportunities

Growing Share of Emerging Markets and the USA Sales by Geography (M US$, % Of Total Sales) Growing share of emerging markets 618 60% growth in the emerging markets of China & South East Asia, Central & South America, Central & Eastern Europe and Africa* 451 42% 51% 36% 27% 31% growth 60% growth inin the BRIC USA* countries* 31% growth in the BRIC countries* *2012 vs. 2011 14 (Rest of the world)

Frutarom - A Global Company 618 (Sales, EBITDA, Net Profit, USD M) 518 425 Sales 287 2000 -2012 197 X 7. 6 108 Czech Rep. 81 EBITDA Profit. Acatris 10 Mexico Kazakhstan 1996 Tel Aviv stock exchang e HK F&F Ukraine Net Profit 2000 -2012 X 13 Russia Tohar Turkey Rayner Hong Kong Canada France London 2000 -2012 stock exchange X 11. 1 S. Africa Rad Gewurzmuller FSI Corona IFF FS Poland Nesse Abaco Oxford Flachsmann AM Todd Adumim Raychan Flavour key Brazil CPL Aroma Jupiter Baltimore Meer Botanicare Kunshan India Balmey 15 CH Hansen DE Costa Rica FSI OH Aromco CH Hansen IT EAFI Rieber Etol Mylner Savoury Flavours

A Top-Ten Flavor House Estimated Flavor Sales US$ M* 500+ smaller companies Source: Companies’ Publications, Leffingwell & Associates, Reuters, Company’s estimations * Based on 2012 results and Company’s estimations 16

Proven Acquisition Track Record n 36 successful acquisitions n Strict acquisition criteria: n Highly valuable and experienced employees n Major synergies and cross-selling potential n Additional unique products and technology n Positive impact on EPS n Focus on integration execution n Optimization of cross selling opportunities n Optimization and harmonization of resources 17

Aromco, UK (Turnover- $13 M; Price- $25 M) • Privately owned British flavor house • Highly synergetic with Frutarom’s Flavors Division and our UK activity - majority of sales is outside the UK • Well educated and experienced employees – important asset for Frutarom; strengthen our management; strong R&D • Significant cost savings possibilities in UK through consolidation, including option to fully integrate Aromco and Frutarom into one site in the future • Well established sales network with good contacts to East European, Middle Eastern, North African and East Asian markets – partly trough distributer (also a risk) • Merged Frutarom UK Flavors and Aromco’s sites while achieving operational saving • Owner will stayed for transition period 18

Flavors Systems Inc, USA (Turnover- $18 M; Price- $35 M) • Privately owned US based manufacture of flavors and flavored syrups founded in 1994 and located in Cincinnati • Sale of flavors in the meat and savory, dairy and cheese, beverage, bakery and confectionery markets represented 82% of revenue • Flavored syrups (18% of revenue) are sold to companies that serve fountain drinks, coffee and teas – main customer is 7/11 • Facility owned by the owners, possibility to expand • Strong industry relationships; reputable; strong R&D • 3 owners: 2 will remain for 2 years transition period and later will retire, the third would like to stay 19

SAVOURY FLAVOURS UK (Turnover- $7 M; Price- $6 M) • Privately held manufacturer of savory flavors and seasoning systems • Serves the snack, sauce and ready-meal industries in the UK • Some exports, mainly to the Middle East • Synergistic with EAFI activity and supports plan to penetrate the UK savory market • Owner expects to stay in the business for at least two years, and may manage Frutarom’s combined savory businesses in the UK (Incentive to Savoury Flavours ) • Site had excess blending capacity 20

ETOL GROUP SLOVENIA (Turnover- $68 M; Price- $48 M) • Reputable Slovenian flavor house • Main manufacturing facility in Skofja vas, Celje • The company was founded in 1924 by a local businessman as a commercial company • In 1996 the company was registered as a joined stock company and started to trade on the Ljubljana stock exchange. • The company sells in 47 countries • Diverse product Line sales Distribution • Production Facility: Invested and valuable production facility 21

ETOL GROUP SLOVENIA- Cont Opportunities • Significant improvement in Frutarom’s position in flavors in Europe. • Access to the new clients and geographies in developing countries in Europe. • Potential synergies in manufacturing and cross-selling opportunities. • Increase internal sales of special ingredients currently provided by others. • Strong management support to Frutarom 22 Risks • Complex process including a public take over bid. • Challenging integration process due to size. • Cash requirements.

ETOL GROUP SLOVENIA- Cont Why now? • Financial shareholders under pressure to sell due to financial liabilities (more than 75%). • Etol’s share is down 70% from peak in 2007. • Existing known aggressive competition in the transaction from companies in neighboring countries 23

Mylner, Brazil (Turnover- $11 M; Price- $16 M) • Brazilian flavor and ingredient house • 50% of sales are sweet and savory • 35% of sales are malt extracts to breweries and snack companies • 15% of sales are bakery ingredients and some resale • Reputable in local market with strong industry relationships • 3 owners who staid for the transition period and then retire 24

Jann. De. Ree, SA (Turnover- $5 M; Price- $5 M) • Established South African flavor house • The company is active in all the major segments of the food and beverage industry with a strong position in savory solutions (37% of sales - snacks, 23% - savory flavors & 22% - beverage and confectionary). • Current facility is rented and includes 2 buildings with a total of 6, 000 sqm that can support significant future growth and absorb Frutarom’s current facility in SA, but doesn’t have best image. • Owner (50% share holder) will continue as part of Frutarom South Africa. 25

4 acquisitions in 2013 in fast growing markets and the US Jann. De. Ree – South Africa PTI – Russia & CIS Total sales (2012) USD 5 M Transaction value USD 5. 2 M Total sales (2012) USD 111 M Transaction value USD 50. 3 M (EV 67) Total sales (2012) USD 6. 4 M Transaction value USD 12. 5 M +EO Total sales (2012) USD 24. 2 M Transaction value USD 54. 3 M • Strengthening market position, customer base in South Africa and Africa. • Complementary Savory activity. • Strong management, R&D, sales and operational force. • Savory Solutions leadership. • Local production capabilities in Russia with global R&D support. • Strong management, R&D, sales and operational force. • Strengthening market position, customer base in Central and Latin America. • Very efficient local production capabilities. • Strong management, R&D, sales and operational force. • Strengthening market position, customer base US and emerging markets. • Expertise in the lucrative beverage segment. • Strong management, R&D, sales and operational force. • Leverage operational efficiencies with independent local operations. • Maximize Cross selling. • Leverage operational efficiencies with independent operations in Costa Rica • Maximize Cross selling. • Leverage operational efficiencies with local & global operations. • Maximize Cross selling. 26 Aroma – Guatemala Hagelin – USA Continued implementation of rapid growth strategy

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