Company Overview May 2014

DISCLAIMER

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 immediate 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 2013, published on March 2014, and the Company's periodic 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. It is to be emphasized that the financial estimations included in this presentation are based on figures which were not audited or reviewed by an auditor and therefore the actual results may differ from these financial estimations.

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.

Frutarom - A Leading Fast Growing Global Flavor and Fine Ingredient House

4

Global company Broad product

portfolio Public company

Financial success since 2000

•Sales in 145 countries

•15,500 customers • A Top 10 flavor

house

•31,000 products •4,000 raw

materials • Innovative

pipeline

•Listed on London & TLV Stock Exchanges

•From $13M to approx. $1.2B market cap

•8.3x growth in sales (CAGR 17.7%)

•12.9x growth in EBITDA

•15.9x growth in net profit

10 81 108

197 287

425 518

618 674

0

200

400

600

800

Renenue, $M

Frutarom - A Global Company

5

Accelerated growth – through organic and strategic acquisitions

Sales office Acquisition

2006 2007 2009 2012 1990-2000 2003 2004 2011 2001-2002 2005 2013

1996 Tel Aviv stock exchange

IFF FS

Adumim

Raychan

Rieber

EAFI

Savoury Flavours

Oxford

Belmay

Jupiter

FSI Corona

Nesse

CH Hansen DE

CH Hansen IT

Etol

Mylner

Aromco

FSI OH

Acatris

Flachsmann

Abaco

Tohar

Meer

Rayner HK F&F

CPL Aroma Flavour Key

Baltimore

Botanicare Kunshan

AM Todd

London stock

exchange

Russia

Canada

Turkey

France Mexico

Ukraine

Poland

Kazakhstan

Hong Kong

Costa Rica

Czech Rep.

S. Africa

India

Brazil

Gewurzmuller

Abaco

Rad

JannDeRee

PTI

Aroma

Hagelin

2014

Citrasource

Sales & Marketing – 79 Offices

Production – 34 Sites

R&D – 41 Labs

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

Belgium

Brazil

China

Denmark

France

Germany

India

Indonesia

Israel

Italy

Kazakhstan

Mexico

Netherlands

Norway

Poland

Serbia

Singapore

Slovakia

Slovenia

South Africa

Turkey

Ukraine

UK South

UK North

Corona, CA New Jersey

Cincinnati, OH Switzerland

Moscow Saint Petersburg

Perm Saratov

Hong Kong

Costa Rica

Georgia

Guatemala

Novosibirsk Belarus

Moldova

Florida

7

Frutarom - A Profitable Growth Story (Sales, EBITDA, Net Profit, USD M)

1996 Tel Aviv stock exchange

IFF FS

Gewurzmuller

Adumim

Raychan

Rieber

EAFI

Savoury Flavours

Oxford

Balmey

Jupiter

FSI Corona

Nesse

CH Hansen DE

CH Hansen IT

Etol

Mylner

Aromco

FSI OH

Acatris

Flachsmann

Abaco

Tohar

Meer

Rayner HK F&F

CPL Aroma Flavour key

Baltimore

Botanicare Kunshan

AM Todd

Rad

London stock

exchange

Russia

Canada

Turkey

France Mexico

Ukraine

Poland

Kazakhstan

Hong Kong

Costa Rica

Czech Rep.

S. Africa

India

Brazil

JannDeRee

PTI

AROMA

Heglin

Net Profit 2000-2013

X15.9

EBITDA Profit 2000-2013

X12.9

Sales 2000-2013

X8.3 108

81 10

197

287

425

518

618 674

4 6

18

30 33

42

52

64

9 14

32

49

66

80

100

116

1990 2000 2002 2004 2006 2009 2011 2012 2013

Estimated Flavor Sales US$ M

A Top-Ten Flavor House

Source: Companies’ Publications, Leffingwell & Associates, Reuters, Frutarom’s estimations *based on FY 13 sales including the acquisitions made in 2013 as if consolidated from 1 January 2013

8

500+ smaller

companies

*

From Vision to Reality Strategic Milestones Accomplished

Sales Grew From $10M at 1990 to $784M at 2013*

Accelerating Growth In Emerging Markets.

Fastest growing markets

Unique, diversified products portfolio.

Improved mix towards more profitable segments

Expanding Market Share In The US.

World’s biggest flavor market

Supply Chain Optimization. Supported also by

acquisitions

Innovation.

Novel, natural, higher added value health & taste

solutions

Focus on:

- Mid Sized Local & Private Label

- MNCs with niche-added-value solutions

Accelerated Profitable Growth

Solid Cash Flow

EBITDA Grew From $1M at 1990 to $116M at 2013

9 * Based on FY13 sales including the acquisitions made in 2013 as if consolidated from 1 January 2013

Accelerated Growth and Market Share in Emerging Markets

Asia

Central & South America Africa

Central and Eastern Europe

• Acquired Etol in Slovenia and PTI in Russia

• One of the only global players with major production sites in Russia

• Market leadership in Central and East Europe

• Cross selling and optimization opportunities

• Fast growing operation in South Africa, reinforced by JannDeRee Acquisition

• Enhance R&D and sales force in fast growing markets (Kenya, Nigeria and others)

• Building State of the Art manufacturing facility

• Expanded R&D and sales force in China, Indonesia, Philippines, Thailand, Vietnam, Sri Lanka

• Setting up flavor operation in India

• Building a state-of-the-art plant in China with both savory and sweet flavors capabilities

• Evaluating strategic acquisition opportunities

• Acquired Mylner in Brazil and Aroma in Guatemala

• Set up an independent operation in Costa Rica and Mexico

• Evaluating strategic acquisition opportunities

10

Expanding Flavors’ Market Share in the US

USA

Focus on the US as a key strategic market

Fast, above market rate, internal growth

Additional meaningful foothold through the acquisitions of Hagelin

and CitraSource

• Lucrative beverage market

• Diversified customer base

• Technological know how

• Presence in Florida’s Citrus Hub

Strengthening US presence through 2

strategic acquisitions

•Flavor Specialties in the West Coast in 2009

•Flavor Solutions in Cincinnati in 2011

122 (27%)

222 (36%)

361 (46%)

229 (51%)

262 (42%)

266 (34%)

41 (9%)

66 (11%)

82(11%)

60 (13%)

68 (11%)

75 (10%)

2010 2012 2013 Proforma

Emerging Markets Western Europe USA ROW

12

196% growth in the emerging markets***

31% growth

in the BRIC

countries*

100% growth in USA**

451

618

784

Growth Rate

Growing Share of Emerging Markets and the USA

Sales by Geography

***2013 sales including the acquisitions made in 2013 as if consolidated on 1 January 2013 vs. 2010 Including China & South East Asia, Central & South America, Central & Eastern Europe and Africa

* Based on FY13 sales including the acquisitions made in 2013 as if consolidated on 1 January 2013 **2013 sales including the acquisitions made in 2013 as if consolidated on 1 January 2013 vs. 2010

*

110.6

134.2

37.5 41.0

Q1/13 Q1/14

TasteSolutions

FineIngredients

13

A Strong Start to the Year

24 44

81

113

152

188

Q1/01 Q1/04 Q1/07 Q1/10 Q1/13 Q1/14

Quarterly Total Revenues Quarterly Core Business Revenues

Growth in Core Business - Taste Solutions and Fine Ingredients activities – fueled by: • Profitable Organic Growth • Acquisitions made in 2013 and beginning of 2014 • Successful introduction of innovative value added solutions

56 71

Q1/13 Q1/14

14

Quarterly Gross Profit – Core Business

38.4%

40.9%

Quarterly EBITDA – Core Business

25.6

31.7

Q1/13 Q1/14

17.4%

18.4%

A Strong Start to the Year

Major contributors to growth in Profit and Profitability : • Integration of acquisitions made in 2013 and 2014 • Improved product mix • Utilization of operational efficiencies;

Major step towards 20% margin

Above-Industry Organic Growth

Frutarom’s Strategy

Proven Acquisition

Track Record

Margin Expansion

15

Reaching revenues of $1 billion

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

Achieving 20% EBITDA in our core business , given the current product mix

Fine Ingredients ~21% of sales*

Taste Solutions ~73% of sales*

• Unique, high quality creation of sweet and savory flavors for food and beverage products

• Expertise in local and global tastes • Operational flexibility and local global

supply chain • Value-added functional savory solutions

for the food industry (snacks, meat, fish, organic, and culinary segments)

• Comprehensive sweet and savory food systems

• Unique technologies for fruit, spice, vegetable, meat and fish preparations

• Specialty botanical extracts, distillates, essential oils and aroma chemicals

• Innovative, science-based health ingredients for phyto-pharmaceuticals, nutraceuticals, dietary supplements, functional foods, cosmetics, and personal care

• Supporting the growing demand for health, wellness and beauty

16 Trade & Marketing, ~6% of sales*

Strengthening Frutarom’s partnership and offering to customers

Growing the Core Business

* Based on 2013 financial statements

38

47

59

69

2009 2011 2012 2013

Flavors - Most Profitable Activity Growing Fast

17

Revenues

(US$ M)

• Above average market growth rates

• USA, Latin America, Asia, Central and eastern Europe, Africa

• North America flavor sales grew by X4 times since 2010**

33%

Operating Profit

Growth was driven by

(US$ M)

14.7%

73%

** based on FY13 sales including the acquisitions made in 2013 as if consolidated from 1 January 2013

27 45

187

297

370

457

571

2000 2002 2006 2009 2011 2012 2013*

Fine Ingredients – Improved profitability

18

Operating Profit

• Improved product mix

• Focus on Natural high added value fine ingredients

• New innovative products successfully launched

Improvement was driven by

(% Operating Profit)

14.7%

7.4% 8.1%

8.8%

11.8%

2009 2011 2012 2013

We share the…

Passion for Taste & Health

Taste Solutions Fine Ingredients

We develop tailored solutions combining excellent

taste with health and functionality all under one roof 19

Growing Mid-Sized Food & Beverage Market Over 65% of Market Controlled by Mid-Sized and Local Companies

20

• New mid-sized/local companies emerging

• Private label

• Developing markets

• Service expectations

• Fragmented market

Large (>US$ 10B),

15%

US$3-10B10%

US$1-3B7%

Small & Local (< US$1B)

68%

2012 Total

Market Size

$4,600bn

(% of Market Share)

The global food market

*Source: Feb, 2012 Datamonitor, Euromonitor and Frutarom’s estimations

F&F Market Fragmented But Consolidating

*Source: Leffingwell & Associates, company’s estimations

(% of Market Share)

Market Share by size

2011 F&F Sales*

21

Large (>US$ 1B),

6 Companies65%Mid Size

(US$100-1B)

7 companies

17%

Small & Local (< US$100M)

+500 companies

19%

2012 Total

Market Size

$23bn

• Large number of small niche companies with limited service capability and regional focus only

• Few mid-sized players with both regional strength and global platform

• Large F&F players with full service platform, focused on top multinational customers

Large

(>US$ 1B)

6 Companies

64%

Private Label – Mid-Sized and Local

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

22 (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

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

23

50% by

2025

Private Label – Mid-Sized and Local

Consumers Trends Health, Wellness & Functional Food 67% of consumers state they attempt to consume healthier food and beverages either "all" or "most" of the time, but unwilling to forgo taste even for health…

Source: DATAMONITOR 2011 REPORT, The NPD Group, 2011

Growth drivers

Aging population and Rising obesity

Rising Consumer Awareness

Lifestyle & Income

Opportunities

Positive nutrition and functional foods

Convenience and processed food

Avoidance products ("Free-from“/"zero“) or Moderation Products with "diet“, "low”, "less"

Shorter Life Cycle of new Launches Innovation

Natural Healthy and Clean Natural products and clean label

Frutarom provides Novel and Natural Health & Taste solutions

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

Cost Reduction

Unique combinations

• Traveling created willingness to explore new tastes

25

Key Market Drivers

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 26

37 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 of cross selling

opportunities

Optimization and harmonization

of resources

Proven Acquisition Track Record

28

5 Acquisitions in Emerging Markets and the US

• Strengthening market position in South Africa and Africa.

• Complementary Savory activity

JannDeRee South Africa

PTI Russia & CIS

• Strengthening Leadership in East Europe

• Savory Solutions leadership

Aroma Guatemala

• Strengthening market position in Central America.

Hagelin USA

• Strengthening market position in the US & EM

• Expertise in beverages

Strong management, R&D, sales and operational force.

Leverage operational efficiencies.

Opportunities for additional rationalization plans and improved margins.

Continued implementation of rapid profitable growth strategy

CitraSource USA

• Strengthening Citrus capabilities and leadership

• Presence in Florida – world center for citrus

Optimizing Global Supply Chain

Production Sourcing & Purchasing

Logistics Sales &

Marketing R&D

Rationalizing Global R&D

Resources - CPM

Global Purchasing at countries of

origin

Production sites integrations

Global Logistics integration

Sales force integration

• Acting to utilize the operational synergies created by the 5 acquisitions completed since May 2013;

• Building and strengthening the global purchasing system;

• Other projects for optimization and margin improvement under way;

Profitable Growth Generates Solid Balance Sheet & Cash Flow from Operations

(USD M)

Cash flow

• $ 362 M - Cumulative cash flow

Since 2009 to end of 2013

Balance Sheet

• Net debt (31.03.14) - USD ~199M

• Equity (31.03.2014) - USD 528.0 M

Cumulative Cash Flow

30

Positive Outlook for 2014

Profitable internal growth

Focus on innovative natural healthy product mix

Successful integration of the acquisitions

Additional projects to improve efficiency and merge activities and operations

Strengthening & leveraging global purchasing

Strong acquisitions pipeline

31

Frutarom’s Vision

32

To Be The Preferred Partner For Tasty And Healthy Success