Exhibit 99.1
International Flavors & Fragrances Inc.
Geographical Information
Effective January 1, 2001 the Company was reorganized into five major
geographical regions with a regional manager responsible for each of the
following areas: North America, Europe, Asia-Pacific, Latin America and the
newly constituted Central Asia and the Middle East (CAME) region.
Previously Europe and CAME were managed as one area; North America, Latin
America and Asia-Pacific regions were unaffected by the geographical
reorganization.
The tables below report IFF's historical geographical information for the
years 2000 and 1999 based on the new regional organization:
North Latin Asia-
2000 (Dollars in thousands) America Europe CAME America Pacific Eliminations Consolidated
- ----------------------------------------------------------------------------------------------------------------------------
Sales to unaffiliated customers $470,953 $542,729 $22,143 $220,287 $206,683 $ -- $1,462,795
Transfers between areas 55,610 122,948 4 1,936 13,779 (194,277) -
-------- -------- ------- -------- -------- ---------- ----------
Total sales $526,563 $665,677 $22,147 $222,223 $220,462 $(194,277) $1,462,795
======== ======== ======= ======== ======== ========== ==========
Operating profit $ 48,503 $158,080 $ 4,330 $ 39,063 $ 39,999 $ 1,762 $ 291,737
======== ======== ======= ======== ======== =========
Corporate and other unallocated
expenses (31,919)
Nonrecurring charges (41,273)
Interest expense (25,072)
Amortization of goodwill and other intangibles ( 7,032)
Other income (expense), net ( 2,314)
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Income before taxes on income $ 184,127
==========
Segment assets $600,007 $570,435 $51,564 $175,161 $ 228,901 $ (31,737) $1,594,331
======== ======== ======= ======== ========= ==========
Unallocated assets 894,702
-----------
Total assets $2,489,033
- ----------------------------------------------------------------------------------------------------------------------------
Unallocated
-----------
Capital expenditures $30,586 $14,030 $ 794 $ 4,806 $7,500 $ 2,980 $60,696
Depreciation and amortization 26,691 20,626 763 5,154 5,975 10,135 69,344
- -----------------------------------------------------------------------------------------------------------------------------
North Latin Asia-
1999 (Dollars in thousands) America Europe CAME America Pacific Eliminations Consolidated
- ------------------------------------------------------------------------------------------------------------------------
Sales to unaffiliated customers $476,496 $550,342 $24,493 $212,770 $175,398 $ - $1,439,499
Transfers between areas 62,432 124,924 3 756 13,540 (201,655) --
-------- -------- ------- -------- -------- ---------- ----------
Total sales $538,928 $675,266 $24,496 $213,526 $188,938 $(201,655) $1,439,499
======== ======== ======= ======== ======== ========== ==========
Operating profit $ 69,555 $171,831 $ 5,812 $ 41,288 $31,503 $ 1,439 $ 321,428
======== ======== ======= ======== ======== ========= ==========
Corporate and other unallocated
expenses (40,152)
Nonrecurring charges (32,948)
Interest expense (5,154)
Other income (expense), net 291
----------
Income before taxes on income $ 243,465
===========
Segment assets $519,054 $463,675 $23,586 $194,140 $176,222 $ (61,314) $1,315,363
======== ======== ======= ======== ======== ==========
Unallocated assets 86,132
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Total assets $1,401,495
===========
- --------------------------------------------------------------------------------------------------------------------------
Unallocated
-----------
Capital expenditures $57,306 $19,607 $1,620 $14,585 $7,595 $ 3,122 $103,835
Depreciation and amortization 16,811 24,890 384 6,322 5,353 2,609 56,369
- ---------------------------------------------------------------------------------------------------------------------------
Exhibit 99.2
International Flavors & Fragrances Inc.
2000 Quarterly Information
(Dollars in thousands)
The following tables report IFF's quarterly geographical information based
on the new regional organizational structure:
North Latin Asia-
1st Quarter 2000 America Europe CAME America Pacific Elimination Consolidated
- ---------------------------------------------------------------------------------------------------------------------
Sales to unaffiliated customers $114,747 $144,157 $5,910 $55,244 $49,854 $ - $369,912
Transfers between areas 12,377 34,418 2 312 2,981 (50,090) -
-------- -------- ------ ------- ------- --------- ---------
Total sales $127,124 $178,575 $5,912 $55,556 $52,835 $(50,090) $369,912
======== ======== ====== ======= ======= ========= ========
Operating profit $16,627 $47,565 $1,335 $10,595 $10,432 $ (1,264) $ 85,290
======= ======= ====== ======= ======= ========
Corporate and other unallocated expenses (8,616)
Nonrecurring charges (9,354)
Interest Expense (2,137)
Other income (expense), net 329
--------
Income before taxes on income $65,512
========
North Latin Asia-
2nd Quarter 2000 America Europe CAME America Pacific Elimination Consolidated
- ------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $121,199 $131,968 $5,181 $57,770 $52,641 $ - $368,759
Transfers between areas 15,239 28,182 2 456 3,212 (47,091) -
-------- -------- ------ ---- --- -- ----- --------- --------
Total sales $136,438 $160,150 $5,183 $58,226 $55,853 $(47,091) $368,759
======== ======== ====== ======= ======= ========= ========
Operating profit $ 17,755 $ 42,745 $957 $12,471 $11,890 $1,587 $ 87,405
======== ======== ==== ======= ======= ======
Corporate and other unallocated expenses (10,907)
Nonrecurring charges -
Interest Expense (3,074)
Other income (expense), net (203)
---------
Income before taxes on income $ 73,221
========
North Latin Asia-
3rd Quarter 2000 America Europe CAME America Pacific Elimination Consolidated
- --------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $112,994 $125,051 $5,762 $47,533 $48,251 $ - $339,591
Transfers between areas 12,904 29,047 - 555 4,153 (46,659) -
-------- -------- ------ -------- ------- --------- --------
Total sales $125,898 $154,098 $5,762 $48,088 $52,404 $(46,659) $339,591
======== ======== ====== ======= ======= ========= ========
Operating profit $11,890 $38,389 $1,033 $ 7,351 $9,039 $ 214 $ 67,916
======= ======= ====== ======= ====== =====
Corporate and other unallocated expenses (10,671)
Nonrecurring charges ( 7,685)
Interest Expense (4,195)
Other income (expense), net (2,614)
--------
Income before taxes on income $42,751
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North Latin Asia-
4th Quarter 2000 America Europe CAME America Pacific Elimination Consolidated
- -------------------------------------------------------------------------------------------------------------------
Sales to unaffiliated customers $122,013 $141,553 $5,290 $59,740 $55,937 $ - $384,533
Transfers between areas 15,090 31,301 - 613 3,433 (50,437) -
-------- -------- ------ ------- -------- --------- ---------
Total sales $137,103 $172,854 $5,290 $60,353 $59,370 $(50,437) $384,533
======== ======== ====== ======= ======= ========= =========
Operating profit $ 2,231 $ 29,381 $1,005 $ 8,646 $ 8,638 $ 1,225 $ 51,126
Corporate and other unallocated expenses (1,725)
Nonrecurring charges (24,234)
Interest Expense (15,666)
Amortization of goodwill and other intangibles (7,032)
Other income (expense), net 174
--------
Income before taxes on income $2,643
========
Exhibit 99.3
International Flavors & Fragrances Inc.
2000 Pro Forma Information
(Dollars in thousands)
The following pro forma geographical information gives effect to the BBA
acquisition as if it had occurred as of the beginning of each of the
periods presented:
North Latin Asia-
1st Quarter 2000 (Pro forma) America Europe CAME America Pacific Eliminations Consolidated
- ---------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $154,858 $179,637 $21,445 $60,346 $69,532 $ - $485,818
Transfers between areas 18,884 41,552 296 312 2,992 (64,036) -
-------- -------- ------- ------- -------- -------- --------
Total sales $173,742 $221,189 $21,741 $60,658 $72,524 $(64,036) $485,818
======== ======== ======= ======= ======= ========= ========
Operating profit $ 22,983 $ 50,737 $ 4,112 $10.719 $ 13,159 $ (1,203) $100,507
======== ======== ======= ======= ======== ======== ========
Corporate and other unallocated expenses (12,871)
Nonrecurring charges (9,354)
Interest Expense (18,923)
Amortization of goodwill and other intangibles (10,548)
Other income (expense), net (324)
--------
Income before taxes on income $48,487
=======
North Latin Asia-
2nd Quarter 2000 (Pro forma) America Europe CAME America Pacific Eliminations Consolidated
- --------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $164,123 $166,981 $21,279 $63,343 $75,163 $ - $490,889
Transfers between areas 21,850 35,222 237 456 3,225 (60,990) -
-------- -------- ------- ------- ------- -------- --------
Total sales $185,973 $202,203 $21,516 $63,799 $78,388 $(60,990) $490,889
======== ======== ======= ======= ======= ========= ========
Operating profit $ 25,688 $44,443 $ 4,368 $12,755 $15,751 $1,648 $104,653
======== ======= ======= ======= ======= ====== ========
Corporate and other unallocated expenses (15,433)
Nonrecurring charges -
Interest Expense
(19,789)
Amortization of goodwill and other intangibles (10,548)
Other income (expense), net (817)
---------
Income before taxes on income $ 58,066
=========
North Latin Asia-
3rd Quarter 2000 (Pro forma) America Europe CAME America Pacific Eliminations Consolidated
- --------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $156,048 $159,898 $21,248 $53,392 $69,218 $ - $459,804
Transfers between areas 19,085 36,049 233 555 4,164 (60,086) -
-------- -------- ------- ------- ------- ---------- --------
Total sales $175,133 $195,947 $21,481 $53,947 $73,382 $(60,086) $459,804
======== ======== ======= ======= ======= ========= ========
Operating profit $ 19,327 $41,041 $ 4,274 $7,809 $ 12,470 $ 275 $ 85,196
======== ======= ======= ====== ======== =====
Corporate and other unallocated expenses (13,548)
Nonrecurring charges (7,685)
Interest Expense (20,878)
Amortization of goodwill and other intangibles (10,548)
Other income (expense), net (1,234)
--------
Income before taxes on income $31,303
=======
North Latin Asia-
4th Quarter 2000 (Pro forma) America Europe CAME America Pacific Eliminations Consolidated
- -----------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $144,541 $150,774 $20,334 $62,483 $65,969 $ - $444,101
Transfers between areas 18,722 34,818 200 613 3,445 (57,798) -
-------- -------- ---- --- ------- -------- -------- --------
Total sales $163,263 $185,592 $20,534 $63,096 $69,414 (57,798) $444,101
======== ======== ======= ======= ======= ======== ========
Operating profit $ 6,425 $ 29,514 $4,019 $8,783 $ 10,620 $ 1,286 $ 60,647
======= ======== ====== ====== ======== =======
Corporate and other unallocated expenses (2,685)
Nonrecurring charges (24,234)
Interest Expense (21,568)
Amortization of goodwill and other intangibles (10,551)
Other income (expense), net 292
---------
Income before taxes on income $1,901
======
North Latin Asia-
Year 2000 (Pro forma) America Europe CAME America Pacific Elimination Consolidated
- --------------------------------------------------------------------------------------------------------------------
Sales to Unaffiliated customers $619,570 $657,290 $84,306 $239,564 $279,882 $ - $1,880,612
Transfers between areas 78,541 147,641 966 1,936 13,826 (242,910) -
-------- -------- -------- -------- -------- --------- ----------
Total sales $698,111 $804,931 $85,272 $241,500 $293,708 (242,910) $1,880,612
======== ======== ======= ======== ======== ========= ==========
Operating profit $ 74,423 $165,735 $ 16,773 $ 40,066 $ 52,000 $2,006 $ 351,003
======== ======== ======== ======== ======== ====== ==========
Corporate and other unallocated expenses (44,537)
Nonrecurring charges (41,273)
Interest Expense (81,158)
Amortization of goodwill and other intangibles (42,195)
Other income (expense), net (2,083)
----------
Income before taxes on income $ 139,757
=========