Sika : We Add Value For Everyone - Our Year 2021

WE ADD VALUE

FOR EVERYONE

 OUR YEAR 2021

SUSTAINABILITY

Sika enables circular economy in the construction industry Page 19

SIKA AS ENABLER	CHF 13 BILLION	AFRICA
reCO2ver® will revolutionize	A continent with
IN SALES BY 2023
the construction industry	Sika and MBCC combined	tremendous potential
Page 46	Page 12	Page 26

SIKA.COM/ANNUALREPORT

HIGHLIGHTS 2021

Net sales in local currencies

+17.1%

Net profit

+27.1%

Waste per ton sold

-9.6%

CO2eq2 emissions per ton sold (scope 1 and 2)

-10.1%

Water consumption per ton sold

-9.7%

Acquisitions

7+1

New patents

99

Hours of training per employee

11.1

1. Besides the seven acquisitions, Sika has signed a definitive agreement to acquire MBCC Group. The closing of the acquisition is targeted for the second half of 2022.
2. CO2eq (Carbon Dioxide equivalent) is the unit of measurement which considers the climate effects and related emissions of all six Greenhouse Gases (GHG).

A brief review of fiscal 2021 and key financial figures can be found in this magazine starting on page 54.

EDITORIAL

Dear reader

Sika has major potential for continued growth and long-term success. This is due to our world-leading position with a market share of 12%, to megatrends that are driving our key markets, and to unprecedented demand for sustainable solutions for meeting the ambitious global climate goals. We will play a crucial role when it comes to overcoming these challenges together with our clients.

Only few large companies generate 70% of their sales with products that have a positive impact on sustainability. Sika has reached this threshold, and wants to raise it to 80%. As an enabler, and with its inno­ vative products, Sika makes it possible for its customers to reduce their CO2 footprint.

Thanks to our capacity for innovation, our long-standing expertise in acquisitions and integration, and our proximity to custom- ers, we succeed in continually enlarging our markets, gaining new customer segments, opening up new sales channels, and expanding our market share.

The redesigned magazine you see in front of you will give you plenty of insights into this dynamic development. It shows how Sika generates added value for all stakehold- ers. The articles it contains are at the same time excerpts from the professional lives of our 27,000 employees. Our employees are Sika's actual enablers: with their dedica- tion, they make sure we can successfully implement our strategy of sustainable growth - or, if you like, growth-oriented sustainability.

Thomas Hasler

Chief Executive Officer

CONTENT

COURAGEOUS

SIKA STRATEGY

6	Sustainable and ambitious
8	Megatrends as the basis for
corporate success
12	"We are clearly growing more
strongly than the market"
16	Acquisitions for future growth
19	Sika supports the circular economy
21	"For us, sustainability begins
with longevity"
22	On the path to "net zero"

6

SIKA STRATEGY

Sustainable and ambitious

34

	DYNAMIC MARKET ENVIRONMENT
	Enormous infrastructure needs
	PHOTO COVER PAGE
	Sika is expanding its investments in Africa and
	expects double-digit growth on the continent over
	the next few years.
2	OUR YEAR 2021

AGILE

DYNAMIC MARKET ENVIRONMENT

26	Africa is just being built
28	At the beginning of growth
29	Africa - market with a bright future
30	"Where others are giving up,
Sika is succeeding"
31	Tackling raw material scarcity
with innovation
32	Growing quality awareness
33	Active promotion of women -
a key management task
34	Enormous infrastructure needs
36	Mohammed VI tower - Sika solutions
in one of Africa's tallest buildings
37	Ashton Arch bridge - Sika products
help break new ground in South Africa
38	Infrastructure programs accelerate
Sika's growth
40	Infrastrucutre - the right partner counts

SIKA AS ENABLER

A new life for old concrete

INNOVATIVE

SIKA AS ENABLER

44	Pioneer of sustainable innovations
46	A new life for old concrete
49	"Our findings so far have been
extremely positive"
50	Environmentally-friendly construction
is possible

THE SIKA SPIRIT

The path to success

64

46

RELEVANT

BUSINESS YEAR 2021

54	Record results for sales and profit -
EBIT margin lifted to 15.0%
56	Facts & figures 2021
57	Regional development is on track
61	The Sika share
62	Group Management
64	The Sika Spirit -
the path to success
70	Key figures at a glance
71	Financial calendar

OUR YEAR 2021

3