<SEC-DOCUMENT>0001157523-19-001100.txt : 20190506
<SEC-HEADER>0001157523-19-001100.hdr.sgml : 20190506
<ACCEPTANCE-DATETIME>20190506162701
ACCESSION NUMBER:		0001157523-19-001100
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190506
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190506
DATE AS OF CHANGE:		20190506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL FLAVORS & FRAGRANCES INC
		CENTRAL INDEX KEY:			0000051253
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				131432060
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04858
		FILM NUMBER:		19799647

	BUSINESS ADDRESS:	
		STREET 1:		521 W 57TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2127655500

	MAIL ADDRESS:	
		STREET 1:		521 W 57TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VANAMERIGEN HAEBLER INC
		DATE OF NAME CHANGE:	19680426
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51980155.htm
<DESCRIPTION>INTERNATIONAL FLAVORS & FRAGRANCES INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-size: 16pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 16pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman"><b>______________</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><br><font style="font-size: 11pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br>
    </p>
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        <td style="padding-left: 0.0px; text-align: left; width: 45%; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 11pt"><b>Date of report (Date of earliest
            event reported)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 55%; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 11pt">May 6,
            2019</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
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    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 16pt">INTERNATIONAL
            FLAVORS &amp; FRAGRANCES INC.</font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 11pt"><b>(Exact
            Name of Registrant as Specified in Charter)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt">New York</font>
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; width: 34%; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1-4858
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; width: 33%; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            13-1432060
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt"><b>(State or Other Jurisdiction</b></font>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt"><b>of Incorporation)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(I.R.S. Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 75%; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            521 West 57<sup>th</sup> Street, New York, New York
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; width: 25%; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            10019
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 75%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 25%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 45%; padding-bottom: 2.0px" valign="top">
          <b>Registrant&#8217;s telephone number, including area code</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; white-space: nowrap; width: 55%; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          (212) 765-5500
        </td>
      </tr>
    </table>
    </div>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <br>

    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions</font>:
    </p>
    <p style="margin-left: 30.0px; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="margin-left: 30.0px; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="margin-left: 30.0px; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="margin-left: 30.0px; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-indent: 60.0px">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="text-indent: 60.0px">
      Emerging growth company&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p style="font-size: 10pt; text-indent: 60.0px">
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Securities registered pursuant to Section 12(b) of the Act:</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 40%; border-bottom-style: solid" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 20%; border-bottom-style: solid" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 40%; border-bottom-style: solid" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="bottom">
          Title of each class
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="bottom">
          Trading Symbol(s)
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="bottom">
          Name of each exchange<br>on which registered
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          Common Stock, par value 12<sup> 1</sup>/2&#162; per share
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="top">
          IFF
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          6.00% Tangible Equity Units
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="top">
          IFFT
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          0.500% Senior Notes due 2021
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="top">
          IFF 21
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          1.75% Senior Notes due 2024
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="top">
          IFF 24
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          New York Stock Exchange
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          1.800% Senior Notes due 2026
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 20%; border-bottom-style: solid" valign="top">
          IFF 26
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; width: 40%; border-bottom-style: solid" valign="top">
          New York Stock Exchange
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 2.02. Results of Operations and Financial Condition </b>
    </p>
    <p style="text-align: justify">
      Attached and being furnished hereby as Exhibit 99.1 is a copy of a press
      release of International Flavors &amp; Fragrances Inc. (&#8220;IFF&#8221; or the
      &#8220;Company&#8221;) dated May 6, 2019 reporting IFF&#8217;s financial results for the
      quarter ended March 31, 2019.
    </p>
    <p style="text-align: justify">
      A live webcast to discuss the Company&#8217;s first quarter 2019 financial
      results will be held on May 7, 2019, at 10:00 a.m. ET. Interested
      parties may access the webcast and accompanying slide presentation on
      the Company's IR website at ir.iff.com. For those unable to listen to
      the live webcast, a recorded version will be made available on the
      Company's website approximately one hour after the event and will remain
      available on IFF&#8217;s website for one year.
    </p>
    <p style="text-align: justify">
      <b>Item 9.01. Financial Statements and Exhibits</b>
    </p>
    <p style="text-align: justify">
      (d) Exhibits
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 95%" valign="top">
          99.1 Press Release of International Flavors &amp; Fragrances Inc., dated
          May 6, 2019.
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit Index
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 50%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Number</u>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; width: 50%; padding-right: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51980155ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51980155ex99_1.htm">Press Release of International
            Flavors &amp; Fragrances Inc.</a>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51980155ex99_1.htm">Dated May 6, 2019</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURE</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            INTERNATIONAL FLAVORS &amp; FRAGRANCES INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 6%" valign="top">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 25%">

        </td>
        <td style="width: 25%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 6%; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 44%; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            May 6, 2019
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; width: 25%; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Richard A. O&#8217;Leary
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name:&#160;&#160;Richard A. O&#8217;Leary
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title: Executive Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51980155ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>IFF
      Reports First Quarter 2019 Results</b></font>
    </p>
    <p>
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Achieved
      double-digit sales growth; Reconfirms full year guidance</b></font></i>
    </p>
    <p>
      NEW YORK--(BUSINESS WIRE)--May 6, 2019--Regulatory News:
    </p>
    <p>
      International Flavors &amp; Fragrances Inc. (NYSE: IFF) (Euronext Paris:
      IFF) (TASE: IFF) reported financial results for the first quarter ended
      March 31, 2019.
    </p>
    <p>
      <b>First Quarter 2019 Consolidated Summary:</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Reported</b><br><b>(GAAP)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjusted</b><br><b>(Non-GAAP)&#185;</b>
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          <b>Sales</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Operating</b><br><b>Profit</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          <b>EPS</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          <b>Sales</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Operating</b><br><b>Profit</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          <b>EPS</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>EPS</b><br><b>Ex Amortization</b>
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Consolidated
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          $1.3 B
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          $164 M
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          $0.96
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          $1.3 B
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          $205 M
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          $1.24
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          $1.57
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>&#185; Schedules at the end of this release contain reconciliations of
      reported GAAP to non-GAAP metrics.</i>
    </p>
    <p>
      <b>Management Commentary</b>
    </p>
    <p>
      &#8220;Our first quarter results were in line with our expectations and
      reflect strong progress in the company&#8217;s transformation following the
      Frutarom acquisition,&#8221; said Andreas Fibig, IFF Chairman and CEO. &#8220;In the
      first quarter of 2019, we achieved solid sales growth across all three
      of our divisions and maintained strong profitability levels despite the
      continued higher raw material cost environment. On a consolidated basis,
      the combination of our legacy business performance, plus the addition of
      Frutarom, yielded double-digit sales and adjusted operating profit
      growth.
    </p>
    <p>
      &#8220;We are executing well against our integration roadmap. For those
      businesses where we have aligned our go-to-market approach with IFF &#8211;
      North America Taste and IBR &#8211; growth is very strong, increasing
      double-digits. We are also seeing great progress from procurement
      synergies and are well underway in terms of our manufacturing
      optimization plan. For 2019, we are confident that we will achieve our
      $30 to $35 million cost savings goal as our current run-rate savings are
      already in excess of this target.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Looking forward, we expect sales growth and profitability to improve in
      the second half of the year. We remain focused on executing our strategy
      and integrating successfully, and by doing so, we have reiterated our
      full year financial guidance.&#8221;
    </p>
    <p>
      <b>First Quarter 2019 Consolidated Financial Results</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Reported net sales for the first quarter totaled $1.3 billion, an
        increase of 39% from<br>$931.0 million in 2018, including the
        contribution of sales related to Frutarom. On a combined basis,
        currency neutral sales improved 3%, excluding the contribution of
        acquisitions and divested businesses, with growth across all segments.
      </li>
      <li style="margin-bottom: 10.0px">
        Reported earnings per share (EPS) for the first quarter was $0.96 per
        diluted share versus $1.63 per diluted share reported in 2018.
        Excluding those items that affect comparability, adjusted EPS ex
        amortization was $1.57 per diluted share in 2019 versus $1.78 in the
        year-ago period as adjusted operating profit growth was more than
        offset by higher interest expense and shares outstanding, both related
        to the Frutarom acquisition.
      </li>
    </ul>
    <p>
      <b>First Quarter 2019 Segment Summary: Growth vs. Prior Year</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="3">
          <b>Reported (GAAP)</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="3">
          <b>Currency Neutral (Non-GAAP)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Sales</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Segment Profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Sales</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Segment Profit</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Scent</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (8)%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          4%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (3)%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Taste</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (1)%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (3)%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (1)%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <b>Frutarom</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Scent Business Unit</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        On a reported basis, sales increased 1%, or $6.4 million, to $488.4
        million. Currency neutral sales improved 4%, with growth in nearly all
        regions and categories. Performance was strongest in Fine Fragrances,
        increasing double-digits, led by strong new win performance. Consumer
        Fragrances grew mid-single digits, with the strongest growth in Home
        Care and Fabric Care. Fragrance Ingredients was challenged as price
        increases related to higher raw material costs were more than offset
        by volume declines.
      </li>
      <li style="margin-bottom: 10.0px">
        Scent segment profit decreased 8% on a reported and 3% on a currency
        neutral basis as the benefits from cost and productivity initiatives
        were more than offset by unfavorable price to input costs.
      </li>
    </ul>
    <p>
      <b>Taste Business Unit</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        On a reported basis, sales decreased 1%, or $4.4 million, to $444.6
        million. Currency neutral sales improved 2%, with growth in three of
        four regions. Performance in the quarter was driven by mid-single
        digit growth in Greater Asia, where India and Indonesia grew
        double-digits, and EAME, led by strong growth in Africa and the Middle
        East as well as Western Europe. In North America, year-over-year
        improvements continue to be led by TastePoint. Latin America declined
        primarily due to volumes with multinational customers.
      </li>
    </ul>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        Taste segment profit decreased 3% on a reported basis and 1% on a
        currency neutral basis, as volume growth and the benefits from
        productivity initiatives were more than offset by unfavorable price to
        raw material costs and mix.
      </li>
    </ul>
    <p>
      <b>Frutarom Business Unit</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        On a reported basis, sales were $364.4 million. On a standalone basis,
        currency neutral sales grew 3%, excluding the contribution of
        acquisitions and divested businesses. Performance was driven by strong
        growth in Taste, led by double-digit gains in North America, and solid
        increases in Savory Solutions, which more than offset declines in F&amp;F
        ingredients and Natural Colors.
      </li>
      <li style="margin-bottom: 10.0px">
        Segment profit contributed $29 million in the first quarter; $68
        million excluding amortization. Margin performance continued to be
        driven by disciplined cost management.
      </li>
    </ul>
    <p>
      <b>The Company reconfirms its 2019 guidance as follows:</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <b>Guidance</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Sales</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          $5.2B - $5.3B
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Adjusted EPS <sup>(1)</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $4.90 - $5.10
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          <b>Adjusted EPS ex amortization <sup>(1)</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $6.30 - $6.50
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <sup><i>1</i></sup><i> See Use of Non-GAAP Financial Measures</i>
    </p>
    <p>
      A copy of the Company&#8217;s Quarterly Report on Form 10-Q will be available
      on its website at <u>www.iff.com</u> or at <u>www.sec.gov</u> by May 8,
      2019.
    </p>
    <p>
      <u><b>Audio Webcast</b></u>
    </p>
    <p>
      A live webcast to discuss the Company&#8217;s first quarter 2019 financial
      results will be held on May 7, 2019, at 10:00 a.m. ET. The webcast and
      accompanying slide presentation may be accessed on the Company's IR
      website at ir.iff.com. For those unable to listen to the live webcast, a
      recorded version will be made available on the Company's website
      approximately one hour after the event and will remain available on
      IFF&#8217;s website for one year.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Cautionary Statement Under The Private Securities Litigation
      Reform Act of 1995</b></u>
    </p>
    <p>
      This press release includes &#8220;forward-looking statements&#8221; under the
      Federal Private Securities Litigation Reform Act of 1995, including
      statements regarding guidance for full year 2019, expected impact of the
      acquisition of Frutarom, including cost savings, and our ability to
      accelerate growth and profitability in 2019. These forward-looking
      statements are qualified in their entirety by cautionary statements and
      risk factor disclosures contained in the Company&#8217;s Securities and
      Exchange Commission filings, including the Company&#8217;s Annual Report on
      Form 10-K filed with the Commission on February 26, 2019 and subsequent
      filings with the SEC, including the Company&#8217;s Quarterly Reports on Form
      10-Q. The Company wishes to caution readers that certain important
      factors may have affected and could in the future affect the Company&#8217;s
      actual results and could cause the Company&#8217;s actual results for
      subsequent periods to differ materially from those expressed in any
      forward-looking statements made by or on behalf of the Company. With
      respect to the Company&#8217;s expectations regarding these statements, such
      factors include, but are not limited to: (1) risks related to the
      integration of the Frutarom business, including whether we will realize
      the benefits anticipated from the acquisition in the expected time
      frame; (2) unanticipated costs, liabilities, charges or expenses
      resulting from the Frutarom acquisition, (3) the increase in the
      Company&#8217;s leverage resulting from the additional debt incurred to pay a
      portion of the consideration for Frutarom and its impact on the
      Company&#8217;s liquidity and ability to return capital to its shareholders,
      (4) the Company&#8217;s ability to successfully market to its expanded and
      decentralized Taste and Frutarom customer base, (5) the Company&#8217;s
      ability to effectively compete in its market and develop and introduce
      new products that meet customers&#8217; needs, (6) the Company&#8217;s ability to
      successfully develop innovative and cost-effective products that allow
      customers to achieve their own profitability expectations, (7) the
      impact of the disruption in the Company&#8217;s manufacturing operations, (8)
      the impact of a disruption in the Company&#8217;s supply chain, including the
      inability to obtain ingredients and raw materials from third parties,
      (9) volatility and increases in the price of raw materials, energy and
      transportation, (10) the Company&#8217;s ability to comply with, and the costs
      associated with compliance with, regulatory requirements and industry
      standards, including regarding product safety, quality, efficacy and
      environmental impact, (11) the impact of any failure or interruption of
      the Company&#8217;s key information technology systems or a breach of
      information security, (12) the Company&#8217;s ability to react in a timely
      and cost-effective manner to changes in consumer preferences and
      demands, (13) the Company&#8217;s ability to establish and manage
      collaborations, joint ventures or partnership that lead to development
      or commercialization of products, (14) the Company&#8217;s ability to benefit
      from its investments and expansion in emerging markets; (15) the impact
      of currency fluctuations or devaluations in the principal foreign
      markets in which it operates; (16) economic, regulatory and political
      risks associated with the Company&#8217;s international operations, (17) the
      impact of global economic uncertainty on demand for consumer products,
      (18) the inability to retain key personnel; (19) the Company&#8217;s ability
      to comply with, and the costs associated with compliance with, U.S. and
      foreign environmental protection laws, (20) the Company&#8217;s ability to
      realize the benefits of its cost and productivity initiatives, (21) the
      Company&#8217;s ability to successfully manage its working capital and
      inventory balances, (22) the impact of the failure to comply with U.S.
      or foreign anti-corruption and anti-bribery laws and regulations,
      including the U.S. Foreign Corrupt Practices Act, (23) the Company&#8217;s
      ability to protect its intellectual property rights, (24) the impact of
      the outcome of legal claims, regulatory investigations and litigation,
      (25) changes in market conditions or governmental regulations relating
      to our pension and postretirement obligations, (26) the impact of future
      impairment of our tangible or intangible long-lived assets, (27) the
      impact of changes in federal, state, local and international tax
      legislation or policies, including the Tax Cuts and Jobs Act, with
      respect to transfer pricing and state aid, and adverse results of tax
      audits, assessments, or disputes, (28) the effect of potential
      government regulation on certain product development initiatives, and
      restrictions or costs that may be imposed on the Company or its
      operations as a result, and (29) the impact of the United Kingdom&#8217;s
      expected departure from the European Union. New risks emerge from time
      to time and it is not possible for management to predict all such risk
      factors or to assess the impact of such risks on the Company&#8217;s business.
      Accordingly, the Company undertakes no obligation to publicly revise any
      forward-looking statements, whether as a result of new information,
      future events, or otherwise.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <u><b>Use of Non-GAAP Financial Measures</b></u>
    </p>
    <p>
      We provide in this press release non-GAAP financial measures, including:
      (i) currency neutral sales, which eliminates the effects that result
      from translating our international sales in U.S. dollars; (ii) adjusted
      operating profit and adjusted EPS, which exclude restructuring costs and
      other significant items of a non-recurring and/or non-operational nature
      such as gains on sale of assets, operational improvement initiatives,
      integration related costs, FDA mandated product recall costs,
      acquisition related costs, Frutarom acquisition related costs, U.S. Tax
      reform (often referred to as &#8220;Items Impacting Comparability); (iii)
      adjusted EPS ex amortization, which excludes Items Impacting
      Comparability and the amortization of acquisition related intangible
      assets; and (iv) currency neutral adjusted EPS ex amortization, which
      eliminates the effects that result from translating our international
      sales in U.S. dollars on adjusted EPS ex amortization.
    </p>
    <p>
      These non-GAAP measures are intended to provide additional information
      regarding our underlying operating results and comparable year-over-year
      performance. Such information is supplemental to information presented
      in accordance with GAAP and is not intended to represent a presentation
      in accordance with GAAP. In discussing our historical and expected
      future results and financial condition, we believe it is meaningful for
      investors to be made aware of and to be assisted in a better
      understanding of, on a period-to-period comparable basis, financial
      amounts both including and excluding these identified items, as well as
      the impact of exchange rate fluctuations. With respect to the redemption
      value adjustment to EPS, the Company excluded this adjustment as (i) the
      amount is not believed to be a measure of earnings and is excluded from
      the net income attributable to IFF; and (ii) the Company believes that
      investors may benefit from an understanding of the Company&#8217;s results
      without giving effect to this adjustment. These non-GAAP measures should
      not be considered in isolation or as substitutes for analysis of the
      Company&#8217;s results under GAAP and may not be comparable to other
      companies&#8217; calculation of such metrics.
    </p>
    <p>
      When we provide our expectations for adjusted EPS and adjusted EPS ex
      amortization for our full year 2019 guidance, the closest corresponding
      GAAP measure and a reconciliation of the differences between the
      non-GAAP expectation and the corresponding GAAP measure is not available
      without unreasonable effort due to length of the forecasted period and
      potential variability, complexity and low visibility as to items such as
      future contingencies and other costs that would be excluded from the
      GAAP measure, and the tax impact of such items, in the relevant future
      period. The variability of the excluded items may have a significant,
      and potentially unpredictable, impact on our future GAAP results.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      In the fourth quarter of fiscal year 2018, we began including Adjusted
      (Non-GAAP) EPS ex. Amortization as a key non-GAAP financial measure of
      our business. Full amortization expense of intangible assets acquired in
      connection with acquisitions will be excluded from Adjusted (Non-GAAP)
      EPS ex. Amortization calculation. The exclusion of amortization expense
      allows comparison of operating results that are consistent over time for
      newly and long-held businesses and with both acquisitive and
      non-acquisitive peer companies. We believe this calculation will provide
      a more accurate presentation in this and in future periods in the event
      of additional acquisitions. Further, this allows the investors to
      evaluate and understand operating trends excluding the impact on
      operating income and earnings per diluted share. In addition, the
      Frutarom acquisition related costs have been separated from costs
      related to prior acquisitions. The Frutarom acquisition costs represent
      a significant balance and we believe this amount should be shown
      separately to provide an accurate presentation of the acquisition
      related costs. Our GAAP results and GAAP metrics do not change, and this
      change has no effect on day to day business operations, or how we manage
      our business. For Frutarom, we present segment profit excluding
      amortization expense as it allows comparison of operating results that
      are consistent over time for newly and long-held businesses and with
      both acquisitive and non-acquisitive peer companies.
    </p>
    <p>
      We calculated &#8220;combined&#8221; numbers by combining (i) our results (including
      Frutarom from January 1, 2019 through March 31, 2019) with (ii) the
      results of Frutarom prior to its acquisition by us on October 4, 2018,
      and adjusting for divestitures of Frutarom businesses since October 4,
      2018, but do not include any other adjustments that would have been made
      had we owned Frutarom for such periods prior to October 4, 2018.
    </p>
    <p>
      <b>Meet IFF</b>
    </p>
    <p>
      International Flavors &amp; Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
      (TASE: IFF) is a leading innovator of scent, taste, and nutrition, with
      97 manufacturing facilities, 105 R&amp;D centers, and 39,000 customers
      globally.&#160;At the heart of our company, we are fueled by a sense of
      discovery, constantly asking &#8220;what if?&#8221;. That passion for exploration
      drives us to co-create unique products that consumers experience in more
      than 90,000 unique products sold annually. Our 13,000 team members
      globally take advantage of leading consumer insights, naturals
      exploration, research and development, creative expertise, and customer
      intimacy to develop differentiated offerings for consumer products.
      Learn more at <u>www.iff.com</u>, Twitter<u> , </u>Facebook<u>, </u>Instagram<u>,
      and</u> LinkedIn<u>.</u>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>International Flavors &amp; Fragrances Inc.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Consolidated Income Statement</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Amounts in thousands except per share data)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="5">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>% Change</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net sales
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $1,297,402
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $930,928
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          39 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          766,143
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          525,119
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="bottom">
          46 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          531,259
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          405,809
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          31 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Research and development expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          90,596
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          78,476
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          15 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Selling and administrative expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          213,182
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          142,644
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          49 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Amortization of acquisition-related intangibles
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          47,625
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          9,185
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          NMF
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring and other charges, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          16,174
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          717
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          NMF
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Gains on sales of fixed assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (188)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (69)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="bottom">
          172 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating profit
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          163,870
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          174,856
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (6)%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          36,572
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          16,595
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          120 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other income, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (7,278)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (576)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-bottom: 2.0px" valign="top">
          NMF
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income before taxes
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          134,576
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          158,837
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (15)%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Taxes on income
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          23,362
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          29,421
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="bottom">
          (21)%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 111,214
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $129,416
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (14)%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Net income attributable to noncontrolling<br>interest
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          2,385
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-bottom: 2.0px" valign="top">
          NMF
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Net income attributable to IFF
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 108,829
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $129,416
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px; padding-bottom: 4.0px" valign="bottom">
          (16)%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income per share - basic<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 0.97
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 1.63
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income per share - diluted<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 0.96
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 1.63
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Average shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          111,864
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          79,018
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          113,389
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          79,393
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            For 2019, net income per share reflects<br>adjustments related to
            the redemption<br>value of certain redeemable<br>noncontrolling
            interests.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          <i>NMF</i>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          Not meaningful
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>International Flavors &amp; Fragrances Inc.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Balance Sheet</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Amounts in thousands)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>March 31,</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          Cash, cash equivalents, and restricted cash
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 497,129
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 648,522
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Receivables
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,003,965
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          937,765
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,114,488
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,078,537
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other current assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          310,243
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          277,036
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2,925,825
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2,941,860
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,294,029
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,241,152
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Goodwill and other intangibles, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8,408,177
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8,417,710
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          583,389
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          288,673
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $13,211,420
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 12,889,395
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Short term borrowings
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 84,003
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 48,642
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          1,060,131
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          1,079,669
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,144,134
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,128,311
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Long-term debt
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          4,421,430
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          4,504,417
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Non-current liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,376,667
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,131,487
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Redeemable noncontrolling interests
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          114,711
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          81,806
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Shareholders' equity
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          6,154,478
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          6,043,374
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-bottom: 4.0px" valign="top">
          Total liabilities and shareholders' equity
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $13,211,420
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 12,889,395
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>International Flavors &amp; Fragrances Inc.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Consolidated Statement of Cash Flows</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Amounts in thousands)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Three Months Ended</b><br><b>March 31,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Cash flows from operating activities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $111,214
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $129,416
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          Adjustments to reconcile to net cash provided by (used in) operating
          activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          81,775
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          33,384
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (12,389)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18,404
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Gains on sale of assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (188)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (69)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Stock-based compensation
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          7,604
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          7,620
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Pension contributions
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (3,956)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (4,387)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Litigation settlement
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (12,969)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Changes in assets and liabilities, net of acquisitions:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Trade receivables
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (55,935)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (61,301)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (24,719)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (30,185)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8,988
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (8,435)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Accruals for incentive compensation
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (36,969)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (36,583)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Other current payables and accrued expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (11,321)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (18,540)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (9,978)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (26,035)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 50.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (6,894)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (1,715)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash provided by (used in) operating activities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          47,232
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (11,395)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Cash flows from investing activities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Cash paid for acquisitions, net of cash received
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (33,895)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (22)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Additions to property, plant and equipment
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (57,609)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (33,105)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Proceeds from life insurance contracts
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,890
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Maturity of net investment hedges
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (2,405)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Proceeds from disposal of assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,970
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          293
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Contingent consideration paid
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (4,655)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash used in investing activities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (90,299)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (35,239)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Cash flows from financing activities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Cash dividends paid to shareholders
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (77,779)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (54,420)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Increase in revolving credit facility and short term borrowings
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2,895
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          53,688
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Repayments on debt
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (36,156)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Proceeds from issuance of stock in connection with stock options
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          200
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Employee withholding taxes paid
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (1,339)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (3,266)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Purchase of treasury stock
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (10,617)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Net cash used in financing activities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (112,179)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (14,615)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Effect of exchange rates changes on cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          3,853
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (1,521)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Net change in cash and cash equivalents</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (151,393)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (62,770)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <b>Cash and cash equivalents at beginning of year</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          648,522
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          368,046
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          <b>Cash and cash equivalents at end of period</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $497,129
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $305,276
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>International Flavors &amp; Fragrances Inc.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Business Unit Performance</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Amounts in thousands)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Net Sales</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Taste
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 444,602
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 449,019
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Scent
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          488,352
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          481,909
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          364,448
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Consolidated</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,297,402
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          930,928
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Segment Profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Taste
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          108,455
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          111,564
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Scent
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          85,815
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          93,277
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Frutarom
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          29,091
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Global Expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (18,673)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (23,825)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operational Improvement Initiatives
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (406)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (1,026)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition Related Costs
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          514
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Integration Related Costs
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (14,897)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          Restructuring and Other Charges, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (16,174)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (717)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gains on Sale of Assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          188
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          69
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          FDA Mandated Product Recall
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (5,000)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom Acquisition Related Costs
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (9,529)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Operating profit</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          163,870
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          174,856
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Interest Expense
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (36,572)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (16,595)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Other income, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          7,278
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          576
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          <b>Income before taxes</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 134,576
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 158,837
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Operating Margin</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Taste
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          24.4 %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          24.8 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Scent
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          17.6 %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          19.4 %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Frutarom
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8.0 %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          N/A
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Consolidated
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12.6 %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18.8 %
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>International Flavors &amp; Fragrances Inc.</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>GAAP to Non-GAAP Reconciliation</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Foreign Exchange Impact</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Q1 Taste</u>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <b>Sales</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment</b><br><b>Profit</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>% Change - Reported (GAAP)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>-1%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>-3%</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Currency Impact
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <b>% Change - Currency Neutral</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>-1%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Q1 Scent</u>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <b>Sales</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment</b><br><b>Profit</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>% Change - Reported (GAAP)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>-8%</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Currency Impact
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3%
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <b>% Change - Currency Neutral</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>4%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>-3%</b>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>International Flavors &amp; Fragrances Inc.</b><br><b>GAAP to
      Non-GAAP Reconciliation</b><br><b>(Amounts in thousands)</b><br><b>(Unaudited)</b>
    </p>
    <p style="text-align: center">
      The following information and schedules provide reconciliation
      information between reported GAAP amounts and non-GAAP certain adjusted
      amounts. This information and schedules are not intended as, and should
      not be viewed as, a substitute for reported GAAP amounts or financial
      statements of the Company prepared and presented in accordance with GAAP.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="5">
          <b>Reconciliation of Gross Profit</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <b>First Quarter</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Reported (GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 531,259
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 405,809
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operational Improvement Initiatives (a)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          406
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          453
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Integration Related Costs (c)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          156
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          FDA Mandated Product Recall (e)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom Acquisition Related Costs (g)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          7,850
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 539,671
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 411,262
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="5">
          <b>Reconciliation of Selling and Administrative Expenses</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <b>First Quarter</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Reported (GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 213,182
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 142,644
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition Related Costs (b)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          514
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Integration Related Costs (c)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (14,557)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom Acquisition Related Costs (g)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          (1,679)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 196,946
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 143,158
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="5">
          <b>Reconciliation of Operating Profit</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <b>First Quarter</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Reported (GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 163,870
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 174,856
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operational Improvement Initiatives (a)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          406
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,026
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition Related Costs (b)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (514)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Integration Related Costs (c)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          14,897
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring and Other Charges, net (d)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          16,174
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          717
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gains on Sale of Assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (188)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (69)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          FDA Mandated Product Recall (e)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom Acquisition Related Costs (g)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          9,529
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 204,688
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 181,016
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>International Flavors &amp; Fragrances Inc.</b><br><b>GAAP to
      Non-GAAP Reconciliation</b><br><b>(Amounts in thousands)</b><br><b>(Unaudited)</b>
    </p>
    <p>
      The following information and schedules provide reconciliation
      information between reported GAAP amounts and non-GAAP certain adjusted
      amounts. This information and schedules are not intended as, and should
      not be viewed as, a substitute for reported GAAP amounts or financial
      statements of the Company prepared and presented in accordance with GAAP.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="17">
          <b>Reconciliation of Net Income</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="15">
          <b>First Quarter</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom" colspan="7">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom" colspan="7">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Income before</b><br><b>taxes</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Taxes on</b><br><b>income (h)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net Income</b><br><b>Attributable to</b><br><b>IFF (i)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <b>Diluted EPS</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Income before</b><br><b>taxes</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Taxes on</b><br><b>income (h)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net Income</b><br><b>Attributable to</b><br><b>IFF</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Diluted EPS (j)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Reported (GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 134,576
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 23,362
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 108,829
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 0.96
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 158,837
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 29,421
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 129,416
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 1.63
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operational Improvement Initiatives (a)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          406
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          142
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          264
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,026
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          294
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          732
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.01
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Acquisition Related Costs (b)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (514)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (134)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (380)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Integration Related Costs (c)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          14,897
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,349
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          11,548
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.10
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Restructuring and Other Charges, net (d)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          16,174
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          4,031
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12,143
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.11
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          717
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          169
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          548
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.01
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gains on Sale of Assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (188)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (43)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (145)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (69)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (17)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (52)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          FDA Mandated Product Recall (e)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,000
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,196
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,804
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.05
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          U.S. Tax Reform (f)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (649)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          649
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.01
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Frutarom Acquisition Related Costs (g)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          9,529
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          1,530
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          7,999
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          0.07
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 175,394
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 32,371
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 140,638
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 1.24
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 164,997
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 30,280
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 134,717
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 1.69
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid" valign="top" colspan="17">
          <b>Reconciliation of Adjusted (Non-GAAP) EPS ex. Amortization</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="top" colspan="9">
          <b>First Quarter</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <b>Numerator</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Adjusted (Non-GAAP) Net Income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 140,638
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $ 134,717
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Amortization of Acquisition related Intangible<br>Assets
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          47,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          9,185
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Tax impact on Amortization of Acquisition related<br>Intangible
            Assets
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          10,196
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          2,336
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Amortization of Acquisition related Intangible<br>Assets, net of
            tax (k)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          37,429
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          6,849
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Adjusted (Non-GAAP) Net Income ex.<br>Amortization
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          178,067
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          141,566
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Denominator</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average shares assuming<br>dilution (diluted)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          113,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" valign="bottom">
          79,393
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="top">
          Adjusted (Non-GAAP) EPS ex. Amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 1.57
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double" valign="bottom">
          $ 1.78
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (a)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="5">
          Represents accelerated depreciation related to a plant relocation in
          India, as well as a lab closure in Taiwan for 2018.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (b)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top" colspan="10">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Represents adjustments to the contingent consideration payable for
            PowderPure, and transaction costs related to
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Fragrance Resources and PowderPure within Selling and
            administrative expenses.
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (c)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            For 2019, represents costs related to the integration of the
            Frutarom acquisition, principally advisory services. For 2018,
            represents costs related to the integration of the David Michael
            and Fragrance<br>Resources acquisitions.
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (d)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="13">
          For 2019, represents severance costs related primarily to Scent. For
          2018, represents severance costs related to the 2017 Productivity
          Program and Taiwan lab closure.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (e)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Represents losses related to the FDA mandated recall.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (f)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="9">
          Represents charges incurred related to enactment of certain U.S. tax
          legislation changes in December 2017.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (g)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Represents transaction-related costs and expenses related to the
            acquisition of Frutarom. Amount primarily includes $7.9 million of
            amortization for inventory &quot;step-up&quot; costs and $1.7 million of<br>transaction
            costs included in Selling and administrative expenses.
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (h)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The income tax expense (benefit) on non-GAAP adjustments is
            computed in accordance with ASC 740 using the same methodology as
            the GAAP provision of income taxes. Income tax effects of non-<br>GAAP
            adjustments are calculated based on the applicable statutory tax
            rate for each jurisdiction in which such charges were incurred,
            except for those items which are non-taxable for which the tax<br>expense
            (benefit) was calculated at 0%. For fiscal year 2019, these
            non-GAAP adjustments were not subject to foreign tax credits or
            valuation allowances, but to the extent that such factors are<br>applicable
            to any future non-GAAP adjustments we will take such factors into
            consideration in calculating the tax expense (benefit). For
            amortization, the tax benefit has been calculated based on the<br>statutory
            rate on a country by country basis.
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (i)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="8">
          For 2019, net income is reduced by income attributable to
          noncontrolling interest of $2.4M.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (j)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          The sum of these items does not foot due to rounding.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          (k)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="8">
          Represents all amortization of intangible assets acquired in
          connection with acquisitions, net of tax.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Michael DeVeau<br>Head of Investor Relations and
      Communications &amp; Divisional CFO, Scent<br>212.708.7164<br><u>Michael.DeVeau@iff.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
