Company Overview

FORWARD-LOOKING STATEMENTS

This presentation includes statements data, forecasts, goals and Company plans that are "forward-looking

statements“, as defined in the Securities Law - 1968, whose occurrence is not certain and which are not solely in the

Company's control. These forward-looking statements are included, inter alia, in discussions of strategy, objectives,

goals, plans, events, future intentions or other information relating to future events or issues whose occurrence is

not certain.

By their nature, forward-looking statements involve risk and uncertainty. Whether the forward looking information

occurs or not is affected, inter alia, by risk factors characteristic to the Company's operations and developments in

the general environment and external factors which impact the Frutarom Group and its area of activities.

This forward looking information could include facts and data based on the Company's subjective assessment,

including with regards to the current status of the Company and its business, the current situation in the industry in

which the Frutarom Group operates, macro-financial facts and information, all as are known to the Company on the

date on which this presentation was prepared, some of which were given to the Company by external sources, the

content of which was not independently examined by the Company, and therefore the Company is not responsible

for their verity.

This presentation must be read together with the Company's periodic and current reports, and was not meant to

replace the need for study of reports the Company has published, including, inter alia, the Company's periodic

report for 2010, published on March 24, 2011, and the Company's quarterly reports subsequently published. These

reports could include, inter alia, updates to the information regarding the Company's activities or of the forward

looking statements appearing in this presentation.

Subject to the requirements of applicable law, the Company does not intend to update any industry information or

forward-looking statements appearing in this presentation, and is not required to publish any additional

presentations for its shareholders in future.

Frutarom’s Foundations

Founded in 1933, Frutarom

combined the cultivation of aromatic

plants and flowers with the

extraction and distillation of flavors,

fine ingredients and essential oils.

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A Leading Global Flavor and Fine Ingredient House

• Sales in 130+ countries

• 13,000+ customers Global

Company

• 20,000+ products

• 4000+ raw materials

Broad Product Portfolio

• Listed on London and Tel Aviv Stock Exchanges (FRUT)

Public Company

• Since 2000**:

• 6x growth in sales

• 8x growth in EBITDA

• 11x growth in net profit

Financial

Success

0

100

200

300

400

500

600

Revenue, $M

4

Who we are?

* 2011LTM 30.9.2011

** 2000-2010 growth

*

Frutarom Becoming Global

Note: Acquisitions appear in squares. New locations appear as the flag of the relevant country.

USA: Flavour

Key acquired

Frutarom has grown dramatically -

organically and via acquisitions

1990-2000 2001 2002 2004 2003 2005 2006 2007 2009 2011

Israel: Tohar

acquired

(seasonings)

UK: HK

Flavours &

Fragrances

acquired

USA: Meer

acquired

Frutarom

Europe

established

Botanicare

acquired

China:

Kunshan

Flavours

acquired

Israel:

Baltimore Spice

Israel acquired

ArtChem

activity

established

CPL Flavours

and Ingredients

divisions

acquired Rayner

industrial

flavours activity

acquired

Frutarom

listed on TA

100 Index of

top 100

Israeli shares

Switzerland

Flachsmann

acquired

Food systems

business in

Switzerland,

Germany and

France

acquired

Nesse

acquired

A.M. Todd

Flavors

Extracts

business

acquired

Acatris

acquired

Belmay UK

acquired

Jupiter UK

acquired

Abaco USA

acquired

Reychan

acquired

Adumim

acquired

Gewurz

acquired

RAD

acquired

FSI USA

acquired

Oxford

acquired

Rieber

Industrial

Savory

Solutions

acquired

EAFI

acquired

Christian

Hansen

Aromco

acquired

FSI USA

acquired

Savoury

Flavours

Etol

2012 5

Chr.

Hansen’s

Savory

Solution

German

activity

acquired

Mylner

Sales and Marketing – 50 Offices

Production – 27 Sites R&D – 28 Labs

A Global Company We provide our customers with global and local support

South Africa

UK- North UK - South

USA-Cincinnati

6

Slovenia

Switzerland

Asia

• Expanding R&D and sales force in China, Indonesia, Philippines, Thailand, Vietnam

• Building a state-of-the art, high-capacity plant in China with both traditional and savory flavor capabilities

Central and Eastern Europe

• Strengthening R&D and Application Centers in Russia, Ukraine, and Kazakhstan

• Strong base in central Europe

• Evaluating acquisitions and local production opportunities

Central & South America

• Investment in R&D and Applications Centers in Mexico & Costa Rica

• Strong base in Brazil Expanding sales force

• Evaluating acquisition opportunities

Africa

• Production, R&D and Application Center

• Evaluating acquisition opportunities

Towards Accelerated Penetration of Emerging Markets

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Jan. 2011- Jan. 2012 M&A activity accelerates growth 2010 Total revenues – over $145M*

Strategic importance

Reinforcing Savory position in Europe and emerging markets

Supporting growth in emerging markets, synergistic to UK activity,

extensive and diversified technology base

Enhancing savory activity in UK market

Strategic move to strengthen Central- and Eastern European

leadership; Diversified natural product portfolio

Strengthening US activity, initiating Savory activity in the USA,

innovative products (flavored coffee and shakes), and penetration to the

food service sector

8 * Based on acquired companies revenues for 2012 as reported in Frutarom’s immediate reports

First significant entry to the flavors market in Brazil. Important base for

expansion in Latin America

Enhancing our savory activity and presence in the UK and emerging

markets, synergistic to UK savory activity (close to EAFI)

Reinforcing European savory activity with focus on Scandinavian market

Continued Growth in Sales and Profits

4 16

67 101

184

244

368

425 451

0

100

200

300

400

500

600

85 90 95 01 03 05 07 09 10 11E

Revenues $M

Average CAGR 2000-10

20%

9

*

* 2011LTM 30.9.2011

Financial Highlights 10 Years of Profit Development

7 10

25

37

57 63

0

10

20

30

40

50

60

70

2000 2002 2004 2006 2008 2010

EBITDA

9

14

32

49

72 82

0

20

40

60

80

2000 2002 2004 2006 2008 2010

Operating Profit

Net Profit 2000-2010

X11

Shareholders’ Return 2000-2010

1300%

Operating Profit 2000-2010

X9

Net Profit

4

6

18

30

37 44

0

10

20

30

40

2000 2002 2004 2006 2008 2010

10

Estimated Flavor Sales

US$ M

A Top-Ten Flavor House

Source: Public reports of relevant companies, Leffingwell & Associates. JP Morgan, Deutsche Bank

11

500+ smaller

companies

Above-Industry

Organic Growth

Frutarom’s Strategy

Proven

Acquisition

Track Record

Margin

Expansion

• Continue successful strategy of combining rapid profitable organic growth with strategic acquisitions

• Again doubling our revenue to reach $1 billion within 4 years, while continuously expanding margins

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Fine Ingredients Taste Solutions

• Unique sweet & savory Flavors

• Value-added functional Savory

Solutions

• Sweet and savory Food

Systems

• Unique technologies

• Expertise in local & global

tastes

• Innovative, science-based Health

Ingredients

• Natural Botanical Extracts

• Flavor & Fragrances Specialties

• Distillates & Essential Oils

• Citrus Specialties

• Specialty Aroma Chemicals

• Supporting the growing demand

for taste, health, wellness &

beauty

13

~30% of sales ~70% of sales

We share the…

Passion for Taste & Health

Flavors Fine Ingredients

We develop tailored solutions combining excellent

taste with health and functionality all under one roof 14

Our Employees: Our Key Asset

~1,900 employees worldwide*15 * Including Etol employees

Growing Mid-Sized Food & Beverage Market

• Fragmented market

• New mid-sized/local

companies emerging

Private label

Developing markets

• Service expectations

Over 65% of Market Controlled by Mid-Sized and Local Companies

(% of Market Share)

Source: Feb, 2011 Datamonitor, Euromonitor and Frutarom’s estimations

The global food market is estimated

at US$1,640 billion

67.8%

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• Large F&F players with full

service platform, focused

on top multinational

customers

• Few mid-sized players with

both regional strength and

global platform

• Large number of small

niche companies with

limited service capability

and regional focus only

F&F Market Fragmented but Consolidating

*Source: Leffingwell & Associates

Large

53%

Mid-Size

17%

Small &

Local

30%

Above $1 bn

5 companies

$100-1 bn

7 companies

Below $100mm

+500 companies

(% of Market Share)

Market Share by size

2010 F&F Sales*

2010 Total Market Size $20.5bn

17

Private Label – Mid-Sized and Local A US$86.4B Industry1

(1) Source: from The Nielsen Company, PLMA’s

2010 Private Label Yearbook,

(2) Source: The Nielsen Company, August 2009

(3) Source: DataMonitor, January 2011

(4) Source: Rabobank, February 2011

2009 Private label products held

20.4% of the food sector worldwide, with European

market penetration highest in the sector2

achieving 7.4% global growth

2010

48% of consumers report buying

more private label products compared to the year before2 88% of consumers

intend to continue purchasing private label products,

even after the economy improves3

Private labels expected to hold

50% of the global food market by 20254

18

Private Label – Mid-Sized and Local A US$86.4B Industry

Source: ACNielsen, industry insights, 2008, Private Label: Who will win the battle of the shelf? Branded or private label products? Sep 2009, ACNielsen,

The global Staying Power of Private Label, Aug, 2010

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“

“ Health, Wellness & Functional Food

~85 million adults indicate that nutritional value / wellbeing is criteria #1

or #2 when deciding what to eat or drink*

Growth Drivers

• Aging population

• Rising obesity

• Nutrient deficiency

• Consumer demand

• Lifestyle & income

• Consumer awareness

Opportunities

• Unwilling to forgo taste - even for health

• Preference for convenience food

*Source: The NPD Group, 2011 20

Key Market Drivers – Food Growth in demand for:

Natural and clean label

Health/Wellness

• reduced fat, calories and salt

Functional food

• Products with illness - preventative properties

Innovation

Convenience food

Speed

• Timeline to deliver results – hypermarkets

Unique combinations

• Traveling opens consumer to trying new flavors

21 Cost reduction

Frutarom’s Strategy: Clear Focus Going Forward Profitable Internal Growth

Customer

Focus

Mid-sized and local

Private label

Multinational

Market

Focus

Developed markets (Europe and USA)

Emerging markets (e.g. Asia, Central & South America,

Central and Eastern Europe, Africa)

Product

Portfolio

Natural (extracts, fruit bases specialty essential oils)

Natural functional food ingredients

Comprehensive, integrated solutions

Cost reduction solutions

Core

Competencies

R&D and innovation – internal and external

Efficiencies, scale and synergies – cross selling

Experienced global management

Sales-driven organization 22

32 successful acquisitions

Strict acquisition criteria:

Highly valuable and experienced

employees

Major synergies and cross-selling

potential

Additional unique products and

technology

Positive impact on EPS

Focus on integration execution

Optimization and harmonization of

resources

Optimization of cross selling

opportunities

Proven Acquisition

Track Record

23

Frutarom’s Vision

To Be The Preferred Partner For

Tasty And Healthy Success

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