Mission
International Flavors & Fragrances Inc. (NYSE: IFF) will be the industry benchmark in providing superior fragrances and flavors to a global marketplace, supporting customers with innovative solutions that improve consumers’ lives and well-being.
Company Description
§ Incorporated in New York in 1909 § Listed on the New York Stock Exchange, IFF § Member of the S&P 500 index § Global flavor and fragrance company § Creator of innovative flavor and fragrance solutions § 2007 net sales of $2.3 billion § Corporate headquarters in New York City
Business Units
Flavors Fragrances Products Products
Flavor products are sold principally to Fragrance products are used by the food and beverage industries for customers in consumer products such as use in consumer products such as soft perfumes, colognes, soaps, detergents, drinks, candies, baked goods, desserts, lotions and powders, after-shave lotions, prepared foods, dietary foods, dairy deodorants, hair care products, candles, products, drink powders, pharmaceuticals, air fresheners and all-purpose cleaners as snack foods and alcoholic beverages. well as in other consumer products. Markets Markets
Two of the Company’s largest customers for Two of the Company’s most important fragrance flavor products are major producers of customer groups are the cosmetic industry and prepared foods and beverages in the United the household products industry. Fragrance States. Flavor products accounted for 44% products accounted for 56% of the Company’s of the Company’s 2007 sales. 2007 sales.
Leadership
Robert M. Amen Chairman & Chief Executive Officer Nicolas Mirzayantz Joseph A. Faranda Group President, Fragrances VP & Chief Marketing Officer Hernan Vaisman Steven J. Heaslip Group President, Flavors SVP, Human Resources Richard A. O’Leary Dennis M. Meany Interim Chief Financial Officer SVP & General Counsel
Information as of August 2008 Page 1 of 2 Global Presence
Barcelona, Spain* Budapest, Hungary Benicarlo, Spain Drogheda, Ireland Madrid, Spain Milan, Italy* Knislinge, Sweden* Hilversum, The Netherlands* Gebze, Turkey* Tilburg, The Netherlands Istanbul, Turkey Warsaw, Poland London, UK Moscow, Russia Haverhill, UK Bratislava, Slovakia
Grasse, France* Paris, France* Hamburg, Germany Oberhausen, Germany*
New York, NY ** Beijing, China Hazlet, NJ* Guangzhou, China* Shrewsbury, NJ Hong Kong South Brunswick, NJ* Shanghai, China* Augusta, GA Union Beach, NJ* Hangzhou, China Carrollton, TX* Zhejiang, China Jacksonville, FL Gotemba, Japan Bangalore, India Tlalnepantla, Mexico*00 Osaka, Japan Calcutta, India Tokyo, Japan* Cairo, Egypt* Chennai, India* Seoul, Korea* Tel Aviv, Israel Chittoor, India Johannesburg, South Africa* Mumbai, India* Delhi, India Jakarta, Indonesia* Karachi, Pakistan Sydney, Australia Cebu, Philippines Melbourne, Australia* Manila, Philippines* Auckland, New Zealand Buenos Aires, Argentina* Science Park, Singapore* Rio de Janeiro, Brazil Bangkok, Thailand* Taubate, Brazil* Ho Chi Minh City, Vietnam Sao Paulo, Brazil* Bogota, Colombia *Global Creative Center **Global Headquarters 2007 Sales
By Destination By Category Market Share* 2007 Market ShareTakasago ~5.6% Greater Asia 22% Fragrance Ingredients 12% Sensient Flavors ~2.9% Symrise 9.3% T.Hasegawa 2.3% Firmenich ~13.2% Mane SA ~2.3% Latin America 13% EAME 37% Fine Fragrance & Givaudan 18.3% Flavors 44% Beauty Care 20% Other ~31.1% North America 28% Functional IFF 11.4% Fragrances 24%
*Source: Leffingwell & Associates 2007 (www.leffingwell.com)
Financial Results (in millions except per share and dividend amounts) Key Statistics
2007 2006 2005 § Market Capitalization • $3.5 billion More than 5,300 employees globally Sales $2,277 $2,095 $1,993 § § 92 perfumers globally Net Income $247 $227 $193 § 72 flavorists globally Diluted EPS $2.82 $2.48 $2.04 Dividend $0.88 $0.77 $0.73
IFF Contacts
Corporate Headquarters Investor Relations Media Relations 521 West 57th Street 521 West 57th Street 521 West 57th Street New York, NY 10019 New York, NY 10019 New York, NY 10019 212-765-5500 212-765-5500 212-708-7278 www.iff.com [email protected] [email protected]
Information as of August 2008 Page 2 of 2