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HENKEL INVESTOR PRESENTATION INVESTOR RELATIONS | OCTOBER 7, 2026
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DISCLAIMER HENKEL INVESTOR PRESENTATION22 This presentation contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements with respect to the future are characterized by the use of words such as “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, and similar terms. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Henkel’s net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities. Note: All individual figures in this presentation have been commercially rounded. Addition may result in deviations from the totals indicated. All figures – unless indicated otherwise – relate to FY 2025 (time reference of market share data may deviate). Updated in October 2026.
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HENKEL INVESTOR PRESENTATION3 ICONIC BRANDS Attractive portfolio of leading brands that are part of consumers’ everyday life and serve customers across >800 industries globally STRONG BUSINESSES WITH LEADING POSITIONS IN ATTRACTIVE MARKETS Adhesive Technologies global #1 player in adhesives market Consumer Brands #2 player in our active markets around the world SUPERIOR TECHNOLOGIES Pioneering impactful innovations fueled by long-standing and unique R&D expertise and by strong capabilities in sustainability and digital COMPELLING FINANCIAL AMBITION Poised for further profitable growth building on clear strategic priorities STRONG FINANCIAL FOUNDATION Attractive cash generation and shareholder returns 3 REASONS TO INVEST 150 YEARS OF TRUSTED HERITAGE
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HENKEL GROUP …benefiting from SHARED PLATFORMS AND INFRASTRUCTURE as strong backbone STRONG BUSINESSES WITH LEADING POSITIONS,… HENKEL INVESTOR PRESENTATION4 ADHESIVE TECHNOLOGIES Packaging & Consumer Goods #1 worldwide Craftsmen, Construction & Professional #3 worldwide Laundry & Home Care #2 in active markets Other Consumer Body Care Presence in selected markets Hair Professional & Consumer #2 in active markets CONSUMER BRANDS Mobility & Electronics #1 worldwide Packaging & Consumer Goods #1 worldwide Mobility & Electronics #1 worldwide
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HENKEL INVESTOR PRESENTATION5 …AND GLOBAL FOOTPRINT 36% 29% 35% Mobility & Electronics Packaging & Consumer Goods Craftsmen, Construction & Professional €10.7bn SALES 52% 47% €20.5bn SALESADHESIVE TECHNOLOGIES CONSUMER BRANDS 60% 34% 6% Laundry & Home Care Hair Other Consumer Businesses €9.7bn SALES 38% 10% 26% 7% 17% 1% Europe IMEA North America Latin America Asia-Pacific Corporate 1% Corporate FY 2025
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TAKING OUR BUSINESSES TO THE NEXT LEVEL… HENKEL INVESTOR PRESENTATION6 ▪ Expanding innovation leadership with customer- centric solutions setting industry standards, leveraging megatrends ▪ Investing in high-growth markets ▪ Increasing number of solutions per unit across markets ▪ Enhancing growth with attractive M&A opportunities also expanding into attractive adjacent businesses EXPANDING OUR GLOBALLY LEADING POSITION IN ADHESIVE TECHNOLOGIES ▪ Driving better and bigger – building on a successfully transformed business ▪ Translating global trends into consumer-centric innovations, driving technology leadership and valorizing the portfolio ▪ Powering growth, speed & impact through digital & AI capabilities ▪ Enhancing growth with attractive M&A opportunities EXPANDING OUR GLOBALLY LEADING POSITIONS1 IN CONSUMER BRANDS 1 referring to current positions in active markets
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HENKEL INVESTOR PRESENTATION7 …WHILE CONTINUOUSLY FOCUSING ON PROFITABLE GROWTH Strong organic sales growth across businesses 1 at constant exchange rates 2 FY 2020 – 2025 HENKEL GROUP 4.8% ADHESIVE TECHNOLOGIES 6.6% CONSUMER BRANDS 3.2% CAGR2 CAGR2 CAGR2 KPIs 2025 OSG 0.9% ADJ. EBIT €3,026m ADJ. EBIT MARGIN 14.8% ADJ. EPS €5.33 ADJ. EPS GROWTH1 +4.7%
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8 INVESTING INTO OUR BUSINESSES SELECTED RECENT HIGHLIGHTS Inspiration Center in Brazil (Adhesive Technologies) ▪ Adhesive Technologies: focus on attractive adjacent businesses and innovative technologies ▪ Consumer Brands: focus on strengthening core categories and closing white spots ACQUISITIONS INTEGRAL PART OF STRATEGY ▪ Overall “asset-light” business model for both businesses ▪ Investing in growth, sustainability, digitalization and further rationalization/optimization ▪ Average annual CAPEX spend of €650m-€700m over past 10 years Solid financial foundation providing substantial headroom for investments while maintaining strong debt ratings STRENGTHENING BUSINESSES ORGANICALLY ATP Adhesive Systems and Stahl Group (Adhesive Technologies) House of Hair Openings (Consumer Brands) Not Your Mother‘s and OLAPLEX (Consumer Brands) ACQUISITIONS CAPEX INVESTMENTS S&P: A Moody’s: A2 STRONG CURRENT DEBT RATINGS HENKEL INVESTOR PRESENTATION
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SUCCESSFULLY EXECUTING ON OUR M&A GROWTH STRATEGY… 9 ALL 5 ACQUISITIONS ANNOUNCED IN 2026 CLOSED ADDING €2BN OF SALES BY 2030 Timing of Closing 2026 Feb 4 April 1 April 24 July 7 Oct 1 Entering into attractive market for facade solutions in UK Expanding portfolio beyond liquid technologies into attractive tapes business Strengthening footprint & scale in North America with attractive Hair Care brands Expanding portfolio into specialty coatings for flexible materials HENKEL INVESTOR PRESENTATION
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10 …WITH STRONG TOP- AND BOTTOM-LINE CONTRIBUTIONS Sales contribution OSG contribution Adj. EPS contribution2 Expected leverageSynergies1 ~€0.7bn ~€2.0bn ~1% ≥10% 1 defensive & offensive synergies 2 per preferred share; net impact after accounting for financing, integration costs & IFRS purchase price allocation effects MID TO HIGH SINGLE-DIGIT OSG from FY 2027 onwards by FY 2030 HIGH SINGLE-DIGIT % SALES ~1.5X ADJ. EBITDA by FY 2026 well within single A credit rating corridor FY 2026 … FY 2030 FY 2026 … FY 2030 HENKEL INVESTOR PRESENTATION
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11 OFFERING ATTRACTIVE SHAREHOLDER RETURNS ▪ Dividend policy with targeted payout ratio of 30-40%2 ▪ Long streak of growing or stable dividend per share since IPO 1985 ▪ Raised dividend for 2025 by 1.5% from €2.04 to €2.071 ▪ First ever share buyback in Henkel’s history launched in 2022 and completed in Q1/2023 ▪ Second share buyback of €1bn successfully finalized by the end of March 2026 1 dividend per preferred share 2 of net income after non-controlling interests, and adjusted for exceptional items 2022 / 2023 2025 / 2026 €1bn €2bn SHARE BUYBACK 2022–2026 >10% DIVIDEND INCREASE OVER THE PAST TWO YEARS +~3.5% p.a. €2.071 2015 2025 €1bn DISTRIBUTED MORE THAN €10BN TO SHAREHOLDERS OVER THE PAST 10 YEARS HENKEL INVESTOR PRESENTATION
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STRINGENTLY WORKING TOWARDS OUR MID-TERM FINANCIAL AMBITION HENKEL INVESTOR PRESENTATION12 3 to 4% mid- to high-single-digit % at constant exchange rates, including M&A ~16% continued focus on Free Cash Flow expansion FREE CASH FLOW ORGANIC SALES GROWTH ADJUSTED EBIT MARGIN ADJUSTED EPS GROWTH HENKEL GROUP MID-TERM FINANCIAL AMBITION Building Blocks ▪ Strong businesses with leading positions benefitting from global megatrends ▪ Optimized portfolio in both businesses ▪ Leveraging on investments in R&D and supply chain ▪ Driving innovations and thereby building on global footprint and strong R&D network ▪ Strong financial position offering ample room to invest into the business (incl. additional growth via M&A) ▪ Enhancing shareholder returns through share buybacks and attractive dividends
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ADHESIVE TECHNOLOGIES HENKEL INVESTOR PRESENTATION13
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HENKEL INVESTOR PRESENTATION14 ADHESIVE TECHNOLOGIES GLOBAL #1 PLAYER IN ADHESIVES MARKET >50 ADHESIVE SOLUTIONS are in each SMARTPHONE EVERY SECOND Henkel SELLS 4 PRITT glue sticks 140 OF 150 CARS produced every minute worldwide contain a HENKEL SOLUTION ONE IN THREE branded ATHLETIC SHOES is assembled using Henkel adhesives 3 GRAMS of Henkel‘s Loctite adhesives are enough to PULL A 200-TON TRAIN
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HENKEL INVESTOR PRESENTATION15 COATINGSADHESIVES SEALANTS ▪ ~14% global market share ▪ Highly specialized and fragmented markets across all industries and regions ▪ Only player with strong positions across industries & technologies – serving >800 industrial segments ~€80bn 2025 market size ADHESIVE TECHNOLOGIES SETTING INDUSTRY STANDARDS Creating customer value in attractive global markets SHAPING THE INDUSTRY AS A MARKET LEADER IN… … WITH HIGH-IMPACT CUSTOMER-CENTRIC SOLUTIONS
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LEADING POSITIONS IN A BROAD RANGE OF MARKET SEGMENTS ACROSS THREE BUSINESS AREAS 16 HENKEL INVESTOR PRESENTATION CRAFTSMEN, CONSTRUCTION & PROFESSIONAL DIY, craftsmen, construction, engineered wood, professional users in manufacturing & maintenance PACKAGING & CONSUMER GOODS Food & beverage, hygiene, metal and flexible packaging, sports & fashion Automotive OEMs & components, e-mobility, metal coil, electronics, semiconductor packaging, aerospace, industrial assembly MOBILITY & ELECTRONICS
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PROVIDING VALUE TO OUR STAKEHOLDERS AT THE FOREFRONT OF THE INDUSTRY HENKEL INVESTOR PRESENTATION17 Broad customer base & long-trusted partnerships ~100.000 customers Key brands Peer group with business overlap
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HENKEL INVESTOR PRESENTATION18 WELL-BALANCED GLOBAL PORTFOLIO 32% 23% 10% 8% 26% Europe Asia-Pacific IMEA Latin America North America €10.7bn SALESCRAFTSMEN, CONSTRUCTION & PROFESSIONAL MOBILITY & ELECTRONICS PACKAGING & CONSUMER GOODS 35% 36% 29% OSG 1.5% ADJ. EBIT €1,779m ADJ. EBIT MARGIN 16.7% KPIs 2025 1 Effective as of April 1st 2026, we combined our strategic business unit Construction and our strategic business unit Consumers & Craftsmen into two regionally focused units: Consumer & Construction Eurasia & Africa, and Consumer & Construction Americas. ▪ Consumer & Construction1 ▪ General Manufacturing & Maintenance ▪ Packaging ▪ Consumer Goods ▪ Automotive OEMs ▪ Automotive Components ▪ Electronics ▪ Industrials
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DRIVING GROWTH OPPORTUNITIES ALONG GLOBAL MEGATRENDS HENKEL INVESTOR PRESENTATION19 Driving speed, efficiency & sustainability in construction Solving challenges with new applications paving the way for future mobility Facilitating new functionalities & designs at the forefront of the industry Improved time-to-market & customer interaction by leveraging data Enhancing sustainability across industries by enabling our customers to reach their targets URBANIZATION MOBILITY CONNECTIVITY DIGITALIZATION SUSTAINABILITY
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HENKEL INVESTOR PRESENTATION20 INVESTING IN HIGH-GROWTH MARKETS SELECTIVE EXAMPLES DOUBLE-DIGIT growth1,2 from RISE OF AI Focusing on LOCALIZATION in HIGH GROWTH MARKETS OUTPERFORMING markets with HIGH SINGLE-DIGIT growth1 EXPANDING CAPACITIES driven by HIGHER DEMAND OUTPERFORMING markets in highly attractive segment with HIGH SINGLE-DIGIT growth1 Driving growth by EXPANDING our MRO PLATFORM through recent acquisitions MAINTENANCE, REPAIR & OVERHAUL (MRO) ELECTRONIC SOLUTIONS AEROSPACE 1 expected OSG CAGR 25-29 2 for AI-related applications, e.g., Advanced Packaging and Data Centers
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21 >3,000 R&D experts2 ~€360m R&D spend3 ~25% Newly launched products1 14 Technology platforms. Inspiration and technology center BRIDGEWATER MUMBAI CHENNAI Application Engineering Centre SHANGHAI OPENED IN 2025 JUNDIAÍ OPENED IN 2026 BUILDING ON TECHNOLOGY LEADERSHIP AND STRONG GLOBAL MANUFACTURING FOOTPRINT MADISON HEIGHTS Battery Application Centre HENKEL INVESTOR PRESENTATION Ensuring customer proximity at global scale Leveraging our technology-agnostic approach across >800 industries Building on strong and scalable technologies 130 manufacturing sites >6,500 customer facing experts Selected R&D facility Selected manufacturing site DÜSSELDORF 1 sales share of products launched in last 5 years 3 in FY 20252 including application engineering experts
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22 DRIVING INNOVATION EXCELLENCE TO FUEL GROWTH HENKEL INVESTOR PRESENTATION 1 2 Core technology portfolio Shape and develop existing technology portfolio, e.g., enabling sustainability New business solutions Win & grow new business, e.g., automated & data-enabled solutions New technology platforms Build & accelerate new tech platforms, e.g., printed electronics Go to market accelerated through automation & digitalization Investing in first-class R&D infrastructure worldwide Best know-how through collaboration & partner ecosystems Cutting-edge expertise in formulation & applied engineering DIGITALIZATION MOBILITY CONNECTIVITY URBANIZATION SUSTAINABILITY
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HENKEL INVESTOR PRESENTATION23 LEVERAGING UNIQUE VALUE CHAIN POSITION TO DRIVE CUSTOMER-CENTRIC SOLUTIONS Innovating with on-site testing e.g., battery de-bonding and temperature test DESIGN / R&D PRODUCTIONTESTING Early involvement in product design phase Collaborative product & solution testing Joint production processes improvement Enhancing solution designs alongside customers e.g., digital twins and simulation Adapting solutions to specific production needs e.g., improving battery sealing process Industry example: Applications for automotive batteries
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INCREASING NUMBER OF SOLUTIONS PER UNIT ACROSS MARKETS HENKEL INVESTOR PRESENTATION24 20302020 >2x Applications enabling MINIATURIZATION, WATER RESISTANCE and THERMAL MANAGEMENT driving increased number of solutions in Consumer Devices EV SALES POTENTIAL for Henkel solutions >2X compared to a combustion engine car Average number of Henkel solutions per smartphone Sales potential of Henkel solutions Electric vehicleCombustion engine +~50%
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LEADING THE SUSTAINABILITY TRANSFORMATION HENKEL INVESTOR PRESENTATION25 BUILDING A FUTURE-PROVEN SUSTAINABLE PRODUCT PORTFOLIO SETTING NEW INDUSTRY STANDARDS FOR CIRCULARITY & CARBON FOOTPRINT REDUCTION …of our portfolio’s products with significant positive contribution in sustainability Plastic weight reduction2 CO₂ reduction2 past now past now Selective example Emission reduction, energy & material efficiency Circular materials, enabling debon- ding compatibility with recycling Chemical safety, safety in application and end use phase -9% -51% More sustainable solution in cartridges contributing to higher recyclability and reducing waste & overall CO₂ emissions 2 annualized estimates based on planned full-year production1 NES % of products classified as Pioneers and Contributors according to the Sustainability Portfolio Assessment 2024
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ENHANCING GROWTH WITH ATTRACTIVE M&A OPPORTUNITIES HENKEL INVESTOR PRESENTATION26 Enabling future SUSTAINABLE PROFITABLE GROWTH VIA M&A CORE Strengthen portfolio by expanding into high-growth markets Integrate scalable assets into our established core portfolio ADJACENCIES Expand into new high-potential growth markets Add attractive adjacencies with familiar technologies & business models
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EXPANDING OUR TECHNOLOGY PORTFOLIO THROUGH RECENT ACQUISITIONS… 27 Polyurethanes Acrylates Lubricants & Dispersions Surface Treatment & Cleaners Thermal Management Waterbased Adhesives Rubber, Plastisols & Parts Thermosets Specialties Inorganic Construction Adhesives Silicones, Silane Modified Polymers Engineered Infrastructure Systems Tapes Specialty Coatings Expanding BROADEST PORTFOLIO in the industry with ATTRACTIVE ADJACENCIES Entering NEW MARKETS while unlocking NEW TECHNOLOGY- LED OPPORTUNITIES in the core Strengthening TECHNOLOGY- AGNOSTIC APPROACH for more customer-centric solutions TECHNOLOGY CORE NEW TECHNOLOGIES through acquisitions Hotmelts (2023 / 2024) (2026) (2026) HENKEL INVESTOR PRESENTATION
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Adds complementary flexible coatings capabilities and strengthens R&D … ADDING ~1.5BN OF PROFITABLE SALES IN RECENT YEARS 28 ADJACENCIES CORE WETHERBY LAROC GROUP3 Combines technical expertise, innovation, and service support to meet evolving construction-industry needs SEAL FOR LIFE CRITICA INFRASTRUCTURE Enhances MRO offering across key segments and increases presence in attractive infrastructure markets STAHL GROUP ATP ADHESIVE SYSTEMS ~725m€ business1 ~350m€ business2 ~25m€ business3 HIGH-PERFORMANCE FAÇADE SYSTEMS MAINTENANCE, REPAIR & OVERHAUL WATER-BASED SPECIALTY TAPES FLEXIBLE COATING TECHNOLOGY Expands into high-performance water-based specialty tapes and broadens the liquid-technologies platform ~270m€ business1 2 in 20231 in 2025 3 majority stake; in 2025HENKEL INVESTOR PRESENTATION
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DRIVING FURTHER PROFITABLE GROWTH IN ADHESIVE TECHNOLOGIES HENKEL INVESTOR PRESENTATION29 ▪ Driving growth opportunities along global megatrends ▪ Investing in high-growth markets ▪ Building on technology leadership and strong global manufacturing footprint ▪ Leveraging unique value chain position to drive customer-centric solutions ▪ Increasing number of solutions per unit across markets ▪ Leading the sustainability transformation ▪ Enhancing growth with attractive M&A opportunities MID-TERM FINANCIAL AMBITION 3-5 % ORGANIC SALES GROWTH HIGH-TEENS % ADJ. EBIT MARGIN
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CONSUMER BRANDS HENKEL INVESTOR PRESENTATION30
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31 We focus on selected BRANDS in key categories driving value through RELEVANT INNOVATIONS We have established entirely new categories, such as toilet care, TRANSFORMING CONSUMER CHOICES EVERY SECOND the hair of 16 CONSUMERS is colored with HENKEL HAIR COLORANTS EVERY MINUTE ~3,000 DETERGENT PRODUCTS from Henkel are sold EVERY SECOND more than 150 DISHWASHERS are running with a HENKEL UNIT DOSE STRONG GROWTH DYNAMICS OF TOP 10 BRANDS HENKEL INVESTOR PRESENTATION based on trade panel data from NielsenIQ/Circana (Laundry & Home Care and Hair Consumer) & Kline CONSUMER BRANDS #2 PLAYER IN OUR ACTIVE MARKETS
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32 ATTRACTIVE CATEGORY PORTFOLIO FOCUSING ON TWO GLOBAL CATEGORIES based on trade panel data from NielsenIQ / Circana 2025 (Laundry & Home Care and Hair Consumer); Kline data for Hair Professional 2024 HENKEL INVESTOR PRESENTATION #2 IN ACTIVE MARKETS #2 IN LAUNDRY CARE #1 IN HOME CARE #2 IN ACTIVE MARKETS CO-#2 IN PROFESSIONAL & CONSUMER PRESENCE IN SELECTED BODY CARE MARKETS OTHER CONSUMER BUSINESSES LAUNDRY & HOME CARE HAIR CONSUMER & PROFESSIONAL
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HENKEL INVESTOR PRESENTATION33 UNITED UNDER ONE STRONG ~10BN€ PLATFORM €9.7bn SALESLAUNDRY & HOME CARE HAIR OTHER CONSUMER BUSINESSES 60% 34% 6% OSG 0.3% ADJ. EBIT €1,400m ADJ. EBIT MARGIN 14.5% KPIs 2025 46% 9% 11% 6% 27% Europe Asia-Pacific IMEA Latin America North America • Laundry Care • Home Care • Consumer • Professional
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HENKEL INVESTOR PRESENTATION34 DRIVING BETTER AND BIGGER – AS THE KEY FOR PROFITABLE GROWTH BETTER Focused business portfolio With consumer preferred products At optimal costs Powered by customer excellence Leveraging the power of digitalization and AI
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BUILDING ON A SUCCESSFULLY TRANSFORMED BUSINESS … 35 1 Air Freshener, Oral, Skin and selective Body Care markets 2 one order, one shipment, one invoice 3 versus base FY 2021HENKEL INVESTOR PRESENTATION ORGANIZATIONAL SET-UP Integration of Consumer Brands successfully concluded ahead of plan … … reaching above-target savings of €540m with significant re-investments in the business3 Optimization of organizational set-up and teams Merger of two business units Implementation of highly efficient structures PORTFOLIO Fundamental portfolio transformation with sharpened brand focus Divested or discontinued sales of slightly above €1bn Exit from selected categories1 and ~-40% reduction of #SKUs SUPPLY CHAIN Focus on supply chain network, commercial integration and operational excellence “1-1-1 approach”2 live in all targeted countries ~25% complexity reduction
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36 … FUELING SUSTAINABLE PROFITABLE GROWTH ON SOLID AND HEALTHY GROUNDS 2 Advantage Report 2023 vs. 2025 (HCB), US Home & Beauty Care 1 Euromonitor Consulting 2022 (Laundry & Home Care / Beauty Care) vs. 2024 (HCB), FMCG market value excl. processed food/beverage/pet/paper sales related to portfolio measures and divestment of Russian business activities Successfully built a strong MULTI-CATEGORY PLATFORM with enhanced efficiency and competitiveness Materially improved rankings in FMCG RELEVANCE in Europe and RETAILER PERCEPTION in the US Significantly IMPROVED QUALITY OF BUSINESS across multiple dimensions since merger announcement #4 (before: #5/ #10) Europe Retailer Ranking1 #3 (before: #14) US Perception Rating2 Sales [in MEUR] Adj. Gross Margin [in %] Adj. EBIT Margin [in %] ∆ 2025 vs. 2022 CNWC [in %] ∆ 2025 vs. 2022 ~3.0% OSG CAGR ∆ 2025 vs. 2022 2022 2025 2022 2025 ~1,200 bps ∆ 2025 vs. 2022 2022 2025 ~620 bps 2022 2025 ~190 bps HENKEL INVESTOR PRESENTATION
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TRANSFORMING CONSUMER BRANDS PORTFOLIO THROUGH STRATEGIC REFOCUS & TARGETED M&A 37 45% 19% 27% 7% 3% HCB PORTFOLIO 2021 41% 15% 38% 6% HCB PORTFOLIO 2025 (pro-forma1) ATTRACTIVE CATEGORIES & sharpened BRAND FOCUS CLEAR M&A STRATEGY with expansion in HAIR (~€1bn since 20211) MORE BALANCED PORTFOLIO with Hair1 to reach nearly the size of Laundry Care with ~40% sales share each Focus on PREMIUM LAUNDRY CARE (e.g., Persil & Perwoll) 1 incl. recent M&A Laundry Care Home Care Hair Body Care Oral/ Skin Care Sales Share of Consumer Brands Laundry Care Home Care Hair Body Care Sales Share of Consumer Brands Hair M&A1 HENKEL INVESTOR PRESENTATION Focused business portfolio
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BUILDING ADVANTAGE THROUGH LEADERSHIP IN OUR CORE CATEGORIES & WITH ICONIC BRANDS 38 based on trade panel data from Nielsen / Circana 2025 (Laundry & Home Care and Hair Consumer); Kline data for Hair Professional 2024 HENKEL INVESTOR PRESENTATION Sharpening the core by driving relevant, technology- driven innovation & valorization #2 IN LAUNDRY CARE Leveraging strategic investments & advanced technologies setting new industry standards #1 IN HOME CARE Capitalizing on expertise in Professional & Consumer while expanding global footprint by closing white spots #2 IN HAIR LEVERAGING OUR LEADERSHIP IN ~270 COUNTRY/CATEGORY POSITIONS Focused business portfolio
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DRIVING OUTPERFORMANCE WITH TOP 10 BRANDS ACROSS CATEGORIES 39 ROLLING OUT IMPACTFUL INNOVATIONS IDENTIFYING RELEVANT CONSUMER NEEDS STRONG ORGANIC SALES GROWTH AND GOOD VOLUMES OF TOP 10 BRANDS IN FY 2025 ONGOING GROWTH INVESTMENTS SUPPORTING WITH INCREASED MARKETING SPEND FOCUSED BUSINESS PORTFOLIO allowing us to drive value in our brands FOCUS ON TOP 10 BRANDS driving ABOVE AVERAGE GROWTH Sales SHARE OF TOP 10 BRAND to INCREASE FURTHER in the coming years >300 BPS OUTPERFORMANCE IN FY 2025 TOP 10 BRANDS VS. HCB TOTAL HENKEL INVESTOR PRESENTATION Focused business portfolio
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VALORIZING THE PORTFOLIO WITH IMPACTFUL INNOVATIONS 40 HENKEL INVESTOR PRESENTATION Catering to unmet consumer needs such as larger laundry loads Repositioning Perwoll brand with innovative formulations Driving breakthrough innovations catering to unmet consumer needs Creating new value pools Enhancing trade-up into premium price tiers Enhancing iconic brands power & driving value in the core Advancing coloration by adding care features KEY LEVERS FOR VALORIZATION Strengthening competitive edge in blonde segment Focused business portfolio
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ACTIVELY SHAPING OUR PORTFOLIO WITH INCREASED FOCUS ON ATTRACTIVE PREMIUM LAUNDRY CARE MARKET HENKEL INVESTOR PRESENTATION41 ~55% FutureToday2021 (Pre-Merger) ~45% INCREASING PREMIUM SHARE IN LAUNDRY CARE DRIVING PROFITABLE GROWTH THROUGH TECH-DRIVEN INNOVATIONS DELIVERING SUPERIOR CONSUMER BENEFITS TOP BRANDS like PERSIL & PERWOLL with ~5% OSG combined in H1 Strong MARKET SHARE GAINS of +50 BPS in attractive FABRIC CARE category in H11 1 based on trade panel data from NielsenIQ and Circana Focused business portfolio
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BUILDING ON A STRONG FOUNDATION TO BECOME THE AUTHORITY IN HAIR HENKEL INVESTOR PRESENTATION42 Driving organic growth with STRONG BRANDS like Schwarzkopf Masterbrand, Syoss and Got2B Delivering CUSTOMER- CENTRIC INNOVATIONS Accelerating growth by LEVERAGING M&A WINNING COLORATION LEADING STYLING ACCELERATING CARE 1 pro-forma Hair sales shares FY 2025 (incl. recent M&A) WELL POSITIONED WITH CONSUMER (55%) AND PROFESSIONAL (45%) UNDER ONE ROOF1 CAGR FY 2022-2025 Market Growth2 Organic Sales Growth >6% >4% OUTPERFORMING FAST-GROWING HAIR MARKET BY SHAPING CONSUMER TRENDS 2 Hair Consumer & Professional; based on trade panel data from NielsenIQ, Circana and Kline HAIR REPAIR Selective trends, e.g., in Hair Care HAIR PROTECTION SKINIFICATION Focused business portfolio
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TRANSLATING GLOBAL TRENDS INTO CONSUMER-CENTRIC INNOVATIONS 43 HEALTH & WELLBEING DIGITALIZATIONSUSTAINABILITY Promoting products that support a healthier and balanced lifestyle Enhancing the consumer experience through innovative digital tools Empowering consumers to make more sustainable choices in their daily routines CONVENIENCE Simplifying daily tasks with personalized, easy- to-use, effective solutions Elevating consumer experiences with superior products through our brands PREMIUMIZATION pictures generated with AI HENKEL INVESTOR PRESENTATION With consumer preferred products
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EMPOWERING REGIONS 44 NEW REGIONALIZED SET-UP IMPLEMENTED INCREASING CONSUMER PROXIMITY AND AGILITY ~ 90% in global teams ~ 10% in regions FUNDAMENTAL CHANGE IN SET-UP OF MARKETING & R&D TEAMS enhancing proximity to consumers, fast execution and speed to market ~ 70% in regions ~ 30% in global teams While maintaining GLOBAL ORGANIZATION focusing on long-term breakthrough innovations and leveraging scale where it matters HENKEL INVESTOR PRESENTATION With consumer preferred products
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HENKEL INVESTOR PRESENTATION45 30 years Experience in Enzyme Engineering Best-in-class Bioscience exclusive enzymes, microbiology and early pioneers for peptides With our in-house Fragrance Center, we craft distinctive scents that enhance consumer experience AI based performance modeling 720 Mio laundry stain tests digitalized/automated LEVERAGING TECHNOLOGY LEADERSHIP With consumer preferred products Enhancing the coloration experience with Low Odor Technology: Specially developed to reduce ammonia evaporation while enabling maximal grey coverage
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DRIVING TECHNOLOGY LEADERSHIP THROUGH A STRONG GLOBAL R&D NETWORK 46 ~1,000 Researchers ~€270m1 R&D spend ~50% Innovation rate2 >300 Open Inno. projects House of Hair Hamburg House of Hair Los Angeles House of Hair Guadalajara House of Hair & J-beauty Innovation Hub Tokyo Customer Experience Center Stamford Asia R&D Center Shanghai Customer Experience Center Dusseldorf 2 sales share of innovations launched within the last 3 years Expanding footprint of Houses of Hair… …underlining our ambition to become the Authority in Hair 1 in FY 2025HENKEL INVESTOR PRESENTATION With consumer preferred products
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47 AT OPTIMAL COSTS OPTIMIZING THE OVERALL SET-UP ORGANIZATIONAL SET-UP Lean, unified operating model following the Consumer Brands integration. Sharpened roles and simplified processes, enabling faster regional decision-making and stronger proximity to consumers. Foster entrepreneurial spirit and accelerate cultural transformation. SUPPLY CHAIN Optimized production footprint improving efficiency. Fully embedded 1-1-1 commercial integration model (one order, one shipment, one invoice). Reduced complexity and SKU rationalization, improving service levels and lowering structural costs. HENKEL INVESTOR PRESENTATION At optimal costs
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HENKEL INVESTOR PRESENTATION48 DRUGSTORE SUPERMARKET & DISCOUNTER HYPERMARKET SALON & SALON DISTRIBUTORSELECTIVE RETAIL E-COMMERCE DRIVING CUSTOMER EXCELLENCE WITH A DIVERSIFIED GO-TO-MARKET SETUP Powered by customer excellence … with one face to our customers and increased logistical and operational efficiency As one consumer platform, we are a strong partner…
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Generated with AI POWERING GROWTH, SPEED & IMPACT THROUGH DIGITAL & AI CAPABILITIES 49 AI VIRTUAL ASSISTANT FOR HAIRDRESSERS Creation of a digital avatar trained on color-knowledge and capable of human-like interaction to support salons & hairdressers Generated with AI TV-campaign generated with AI OUR FIRST AI-GENERATED TV COMMERCIAL Combining human creativity with AI to generate market-tailored, cost-efficient assets at scale AI VIRTUAL ASSISTANT FOR HAIRDRESSERS Creation of a digital avatar trained on color-knowledge and capable of human-like interaction to support salons & hairdressers ACCELERATING PRODUCT DEVELOPMENT AI platforms to extract consumer needs and trends at scale, helping teams develop sharper early-stage concepts HENKEL INVESTOR PRESENTATION Leveraging AI
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50 ENHANCING GROWTH WITH ATTRACTIVE M&A OPPORTUNITIES HENKEL INVESTOR PRESENTATION WE CONTINUE TO EXPAND OUR CORE CATEGORIES AND CLOSE WHITE SPOTS WITH STRATEGIC ACQUISITIONS Strengthening Hair Professional footprint in attractive premium markets SHISEIDO PROFESSIONAL (ASIA PACIFIC) Expanding sustainable-led Laundry & Home Care offerings EARTHWISE (AUSTRALIA & NEW ZEALAND) Reinforcing Hair presence in high-growth Asian markets VIDAL SASSOON (CHINA) ADDING ~€1BN OF PROFITABLE SALES OVER RECENT YEARS NOT YOUR MOTHERS (UNITED STATES) Strengthening Hair Consumer footprint in largest global Hair market OLAPLEX (GLOBAL) Expanding global presence in premium Hair care
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DRIVING FURTHER PROFITABLE GROWTH IN CONSUMER BRANDS 51 ▪ Driving better and bigger – building on a successfully transformed business ▪ Translating global trends into consumer-centric innovations ▪ Building advantage through leadership in our core categories ▪ Driving outperformance with top 10 brands across categories ▪ Valorizing the portfolio with impactful innovations ▪ Driving technology leadership backed by strong global R&D network ▪ Powering growth, speed & impact through digital & AI capabilities ▪ Enhancing growth with attractive M&A opportunities MID-TERM FINANCIAL AMBITION 3-4 % ORGANIC SALES GROWTH MID-TEENS % ADJ. EBIT MARGIN HENKEL INVESTOR PRESENTATION
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RECENT FINANCIAL PERFORMANCE HENKEL INVESTOR PRESENTATION52
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53 HENKEL GROUP NOMINAL SALES €10.3bn ORGANIC SALES GROWTH 3.2% PRICE 1.1% VOLUME 2.1% HENKEL INVESTOR PRESENTATION ADJ. EBIT MARGIN 15.7% CONSUMER BRANDSADHESIVE TECHNOLOGIES NOMINAL SALES €5.5bn ORGANIC SALES GROWTH 4.5% PRICE 1.8% VOLUME 2.8% ADJ. EBIT MARGIN 17.7% NOMINAL SALES €4.7bn ORGANIC SALES GROWTH 1.7% PRICE 0.3% VOLUME 1.4% ADJ. EBIT MARGIN 15.3% ADJ. EPS GROWTH1 7.1% 1 per preferred share, at constant exchange rates H1 2026 PERFORMANCE AT A GLANCE
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HENKEL INVESTOR PRESENTATION54 ORGANIC SALES DEVELOPMENT BY REGION -1.5% H1 2026 Group organic sales growth Group sales share 2.4% 14.9% -1.3%10.3% EUROPE NORTH AMERICA IMEA LATIN AMERICAASIA-PACIFIC 38% 25% 17% 10% 8%
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HENKEL INVESTOR PRESENTATION55 H1 2026 ▪ 4.5% organic sales growth driven by a sequential acceleration of both price & volume ▪ Swift execution of pricing initiatives to offset raw material price headwinds – underpinning strength of market position and portfolio ▪ Volume development also supported by positive working day impact in Q2 and forward buying ▪ Strong adj. EBIT margin development supported by operating leverage and positive mix Adj. EBIT Margin Development 17.2 16.2 16.7 17.7 H1/25 H2/25 FY/25 H1/26 ADHESIVE TECHNOLOGIES Organic Sales Growth Development in % 0.6 1.0 0.5 0.8 0.4 3.2 0.5 0.3 2.0 0.1 1.3 4.2 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 1.1 1.3 2.5 0.9 1.7 7.4
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H1 2026 MOBILITY & ELECTRONICS HENKEL INVESTOR PRESENTATION56 ORGANIC SALES GROWTH 7.8% Double-digit growth in Electronics and significant growth in Industrials Automotive below prior year in the first half, however, with a sequential improvement & back to positive territory in Q2 SALES €2.1bn
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H1 2026 PACKAGING & CONSUMER GOODS HENKEL INVESTOR PRESENTATION57 ORGANIC SALES GROWTH 4.7% Very strong growth in Consumer Goods Strong growth in Packaging, supported by continued forward buying SALES €1.6bn
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H1 2026 CRAFTSMEN, CONSTRUCTION & PROFESSIONAL HENKEL INVESTOR PRESENTATION58 ORGANIC SALES GROWTH 1.0% Strong growth in Manufacturing & Maintenance Consumer & Construction slightly below prior year SALES €1.9bn
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CONSUMER BRANDS HENKEL INVESTOR PRESENTATION59 H1 2026 Adj. EBIT Margin Development in % 15.3 13.7 14.5 15.3 H1/25 H2/25 FY/25 H1/26 Organic Sales Growth Development in % 2.0 1.5 -0.6 1.4 1.1 -0.5 -5.5 -1.2 0.9 2.8 0.7 2.1 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 -3.5 0.4 0.4 4.1 1.8 1.6 ▪ 1.7% organic sales growth with both positive price & volume development ▪ Hair continues very strong growth trajectory and Laundry Care returned to positive growth ▪ Adj. EBIT margin sustained on strong PY level despite competitive environment & while continuing to invest into brands
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H1 2026 LAUNDRY & HOME CARE HENKEL INVESTOR PRESENTATION60 ORGANIC SALES GROWTH 0.7% Good growth in Home Care driven by double-digit growth in Hand Dishwashing Laundry Care returned to positive growth due to clear acceleration in Q2 – particularly driven by high-single digit growth in Fabric Care SALES €2.8bn
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HAIR HENKEL INVESTOR PRESENTATION61 Hair with very strong growth driven by balanced contribution from both Consumer & Professional Styling category as strongest contributor H1 2026 ORGANIC SALES GROWTH 4.2% SALES €1.7bn
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OTHER CONSUMER BUSINESSES HENKEL INVESTOR PRESENTATION62 Below prior year due to Body Care in Europe while good growth in North America H1 2026 ORGANIC SALES GROWTH -2.1% SALES €0.3bn
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HENKEL INVESTOR PRESENTATION63 UPDATED OUTLOOK FY 2026 1 per preferred share, at constant exchange rates ORGANIC SALES GROWTH ADJUSTED EBIT MARGIN ADJUSTED EPS1 GROUP 1.5 to 3.5% previously: 1.0 to 3.0% 14.5 to 16.0% Low to high single- digit % increase ADHESIVE TECHNOLOGIES 2.0 to 4.0% previously: 1.0 to 3.0% 16.5 to 18.0% CONSUMER BRANDS 0.5 to 2.5% 14.0 to 15.5%
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HENKEL INVESTOR PRESENTATION64 OUTLOOK 2026 ADDITIONAL INPUT FOR SELECTED KPIS CURRENCY IMPACT ON SALES Low single-digit % negative1 M&A IMPACT ON SALES Low single-digit % positive PRICES FOR DIRECT MATERIALS2 High single-digit % increase1 RESTRUCTURING CHARGES € 150 – 200m CAPEX € 650 – 750m 1 versus the prior year average 2 gross direct material price development, i.e. before countermeasures
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