Microsoft PowerPoint - Avient IR Presentation - May 2021 AVIENT CORPORATION M AY 2 0 2 1 I N V E S T O R M E E T I N G S (NYSE: AVNT) DISCLAIMER 2 Forward-Looking Statements In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. APPENDIX Performance Additives Pigments TiO2 12% Dyestuffs 4%Polyethylene Nylon Polypropylene Other Raw Materials Styrenic Block Copolymer ~1/3 hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials 31 • Exiting 2020, the majority of hydrocarbon based raw material markets were experiencing price inflation and tight inventory • Winter Storm Uri in the Gulf Coast caused further stress on the situation for 2021 • Raw materials most impacted include polyethylene, polypropylene and nylon • We purchase over 8,000 different raw materials to formulate our customized solutions and unique specifications Annual Purchases RAW MATERIAL UPDATE Based on 2020 pro forma purchases, excludes Distribution business SEGMENT DATA U.S. & Canada 50% 26% 16% Latin America 2020 SEGMENT, END MARKET AND GEOGRAPHY 33 GEOGRAPHY REVENUESEGMENT FINANCIALS 21%Industrial Building & Electrical & END MARKET REVENUE All data reflects 2020 Pro forma for acquisition of the Clariant Masterbatch business. (1) The total company sales and EBITDA of $3,783M and $457M, respectively, include intercompany sales eliminations and corporate costs $2,043M $331M $709M $124M $1,110M $70M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $457M$3,783M 35% 14% Building & Electrical & C O L O R , A D D I T I V E S & I N K S 2020 PF REVENUE | $2 .0 BILLION 31% 40% 22% Latin America END MARKET REGION 34 2020 figures Pro forma for acquisition of the Clariant Masterbatch business S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 24% Wire & Cable(1) 24% Electrical & 13% 11% Building & 2020 REVENUE | $709 MILLION END MARKET 58% 19% REGION 35 (1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling DI S TR IBU T I ON 2020 REVENUE | $1 .1 B ILL ION 25% 20% 14% Electrical & Building & 1% 82% Latin America END MARKET REGION K E Y S U P P L I ER S 36 TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET 32% 27% 12% Building & Electrical & 9% (16% of sales) 34% 16%Healthcare 17% Building & Electrical & (26% of sales) 2020 figures Pro forma for acquisition of the Clariant Masterbatch business 37 26% 19% 13% 16% Building & Electrical & US & Canada (50% of sales) 45% Building & Electrical & 2% Wire & Cable 1% LATAM (8% of sales) Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) March 31, 2021 Reconciliation to Condensed Consolidated Statements of Income GAAP Results Special Adjusted Results Income from continuing operations before income taxes $ 102.6 $ 2.4 $ 105.0 Income tax expense - GAAP (22.9) — (22.9) Income tax impact of special items — (0.9) (0.9) Tax adjustments — 1.1 1.1 Net income attributable to noncontrolling interests (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 79.3 $ 2.6 $ 81.9 Net income / EPS $ 0.86 0.03 $ 0.89 Weighted-average diluted shares 92.2 92.2 92.2 Reconciliation to Consolidated Statements of Income March 31, 2021 Operating income - GAAP $ 120.4 Special items in operating income 2.4 Adjusted Operating income $ 122.8 1 Business Segment Operations March 31, Year Ended December 31, 2021 2020 2020 2019 2018 Sales: Color, Additives and Inks $ 609.3 $ 256.5 $ 1,502.9 $ 1,003.8 $ 1,046.5 Specialty Engineered Materials 216.5 185.3 708.8 745.7 645.8 Distribution 362.7 289.5 1,110.3 1,192.2 1,265.4 Corporate and eliminations (26.2) (19.8) (79.9) (79.0) (76.7) Sales $ 1,162.3 $ 711.5 $ 3,242.1 $ 2,862.7 $ 2,881.0 Gross margin: Color, Additives and Inks $ 197.5 $ 89.4 $ 484.4 $ 338.4 $ 353.4 Specialty Engineered Materials 64.7 52.6 207.6 200.2 171.7 Distribution 39.3 33.6 124.0 132.1 125.8 Corporate and eliminations 0.9 (4.1) (31.7) (13.5) (26.1) Gross margin $ 302.4 $ 171.5 $ 784.3 $ 657.2 $ 624.8 Selling and administrative expense: Color, Additives and Inks $ 108.7 $ 48.9 $ 303.6 $ 191.0 $ 194.9 Specialty Engineered Materials 30.5 30.3 113.2 116.5 99.4 Distribution 15.3 14.2 54.5 56.7 54.3 Corporate and eliminations 27.5 25.3 123.7 136.2 97.6 Selling and administrative expense $ 182.0 $ 118.7 $ 595.0 $ 500.4 $ 446.2 Operating income: Color, Additives and Inks $ 88.8 $ 40.5 $ 180.8 $ 147.4 $ 158.5 Specialty Engineered Materials 34.2 22.3 94.4 83.7 72.3 Distribution 24.0 19.4 69.5 75.4 71.5 Corporate and eliminations (26.6) (29.4) (155.4) (149.7) (123.7) Operating income $ 120.4 $ 52.8 $ 189.3 $ 156.8 $ 178.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 116.2 $ 51.4 $ 255.9 $ 190.1 $ 202.8 Specialty Engineered Materials 42.0 29.8 124.4 113.2 95.5 Distribution 24.2 19.5 70.2 75.9 72.2 Corporate and eliminations (24.9) (28.0) (146.2) (144.3) (119.3) Other income, net 1.5 1.6 24.3 12.1 (12.9) EBITDA $ 159.0 $ 74.3 $ 328.6 $ 247.0 $ 238.3 EBITDA as a % of Sales: Color, Additives and Inks 19.1 % 20.0 % 17.0 % 18.9 % 19.4 % Specialty Engineered Materials 19.4 % 16.1 % 17.6 % 15.2 % 14.8 % Distribution 6.7 % 6.7 % 6.3 % 6.4 % 5.7 % 2 Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Three Months Ended March 31, Year Ended December 31, 2021 2020 2020 2019 2018 Sales: Color, Additives and Inks $ 609.3 $ 256.5 $ 1,502.9 $ 1,003.8 $ 1,046.5 Clariant MB pro forma adjustments(1) — 279.4 540.4 1,118.6 1,209.8 Pro forma sales $ 609.3 $ 535.9 $ 2,043.3 $ 2,122.4 $ 2,256.3 Operating income: Color, Additives and Inks $ 88.8 $ 40.5 $ 180.8 $ 147.4 $ 158.5 Clariant MB pro forma adjustments(1) — 23.0 45.0 72.9 80.3 Pro forma operating income $ 88.8 $ 63.5 $ 225.8 $ 220.3 $ 238.8 Depreciation & amortization: Color, Additives and Inks $ 27.4 $ 10.9 $ 75.1 $ 42.7 $ 44.3 Clariant MB pro forma adjustments(1) — 15.1 30.1 60.3 61.2 Pro forma depreciation & amortization $ 27.4 $ 26.0 $ 105.2 $ 103.0 $ 105.5 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): Color, Additives and Inks $ 116.2 $ 51.4 $ 255.9 $ 190.1 $ 202.8 Clariant MB pro forma adjustments(1) — 38.1 75.1 133.2 141.5 Pro forma EBITDA $ 116.2 $ 89.5 $ 331.0 $ 323.3 $ 344.3 Pro forma EBITDA as a % of Sales 19.1 % 16.7 % 16.2 % 15.2 % 15.3 % March 31, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Adjusted Clariant MB Pro Forma Adjustments(1) Pro Forma Adjusted Sales $ 711.5 $ — $ 711.5 $ 279.4 $ 990.9 Operating income 52.8 9.7 62.5 23.0 85.5 Interest expense, net (9.4) — (9.4) (12.8) (22.2) Other income, net 1.6 (0.1) 1.5 — 1.5 Income taxes (11.9) (1.0) (12.9) (2.4) (15.3) Net income from continuing operations attributable to Avient shareholders $ 33.1 $ 8.6 $ 41.7 $ 7.8 $ 49.5 Weighted average diluted shares 86.7 Impact to diluted shares from January 2020 equity offering 6.1 Weighted average diluted shares 92.8 EPS $ 0.53 (1) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition 3 Three Months Ended June 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Adjusted Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Sales $ 609.1 $ — $ 609.1 $ 261.1 $ 870.2 Operating income $ 38.0 $ 9.0 $ 47.0 $ 22.0 $ 69.0 Interest expense, net (16.2) — (16.2) (5.3) (21.5) Other income, net 9.5 (0.3) 9.2 — 9.2 Income taxes (7.9) 0.7 (7.2) (3.8) (11.0) Net income attributable to non controlling interests (0.4) — (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 23.0 $ 9.4 $ 32.4 $ 12.9 $ 45.3 Weighted average diluted shares 91.8 Impact to diluted shares from January 2020 equity offering 15.3 Pro forma weighted average diluted shares 107.1 Pro forma adjusted EPS $ 0.42 (2) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition Year Ended December 31, Reconciliation to Adjusted EBITDA 2020 2019 2018 Net income from continuing operations – GAAP $ 133.8 $ 75.7 $ 87.4 Income tax expense 5.2 33.7 14.4 Interest expense 74.6 59.5 62.8 Debt extinguishment cost — — 1.1 Depreciation and amortization from continuing operations 115.0 78.1 72.6 EBITDA $ 328.6 $ 247.0 $ 238.3 Special items, before tax 66.2 61.7 59.5 Interest expense included in special items (10.1) — — Accelerated depreciation included in special items (3.2) — (3.0) Adjusted EBITDA $ 381.6 $ 308.7 $ 294.8 4 December 31, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Adjusted Clariant MB Pro Forma Adjustments(3) Pro Forma Adjusted Sales $ 3,242.1 $ — $ 3,242.1 $ 540.4 $ 3,782.5 Operating income $ 189.3 $ 73.7 $ 263.0 $ 45.0 $ 308.0 Interest expense, net (74.6) 10.1 (64.5) (18.1) (82.6) Other income, net 24.3 (17.6) 6.7 — 6.7 Income taxes (5.2) (41.4) (46.6) (6.2) (52.8) Net income attributable to noncontrolling interests (1.8) — (1.8) — (1.8) Net income from continuing operations attributable to Avient shareholders $ 132.0 $ 24.8 $ 156.8 $ 20.7 $ 177.5 Weighted average diluted shares 90.6 Impact to diluted shares from January 2020 equity offering 1.5 Pro forma weighted average diluted shares 92.1 Pro forma adjusted EPS $ 1.93 Reconciliation of Pro Forma Adjusted EBITDA from continuing operations Operating income and other income, net $ 213.6 $ — $ 56.1 $ 269.7 $ 45.0 $ — $ 314.7 Depreciation and amortization 115.0 (3.2) 111.8 30.1 141.9 EBITDA from continuing operations $ 328.6 $ 52.9 $ 381.5 $ 75.1 $ 456.6 December 31, 2019 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Adjusted Clariant MB Pro Forma Adjustments(1) Pro Forma Adjusted Sales $ 2,862.7 $ — $ 2,862.7 $ 1,118.6 $ 3,981.3 Operating income $ 156.8 $ 71.7 $ 228.5 $ 72.9 $ 301.4 Interest expense, net (59.5) — (59.5) (33.4) (92.9) Other income, net 12.1 (10.0) 2.1 — 2.1 Income taxes (33.7) (5.9) (39.6) (9.1) (48.7) Net income attributable to noncontrolling interests (0.2) — (0.2) — (0.2) Net income from continuing operations attributable to Avient shareholders $ 75.5 $ 55.8 $ 131.3 $ 30.4 $ 161.7 Weighted average diluted shares 77.7 Impact to diluted shares from January 2020 equity offering 15.3 Pro forma weighted average diluted shares 93.0 Pro forma adjusted EPS $ 1.74 Reconciliation of Pro Forma Adjusted EBITDA from continuing operations Operating income and other income, net $ 168.9 $ — $ 61.7 $ 230.6 $ 72.9 $ — $ 303.5 Depreciation and amortization 78.1 — 78.1 60.3 138.4 EBITDA from continuing operations $ 247.0 $ 61.7 $ 308.7 $ 133.2 $ 441.9 (3) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition 5 Avient IR Presentation - May 2021.pdf Avient IR Presentation - May 2021 w Non-GAAP Recs.pdf AVNT First Quarter 2021 Earnings Presentation.pdf AVNT First Quarter 2021 Earnings Presentation.pdf AVNT First Quarter 2021 Earnings Presentation.pdf AVNT First Quarter 2021 Earnings Presentation.pdf 4.29 127pm Q1 21 IR Deck Version non-GAAP Recs (002).pdf

Purchased Natural Gas (%) Non-Renewable: Natural Gas

Indemnification and Liability 13.1 Supplier will indemnify, defend, and hold harmless Avient, its officers, directors, employees, agents, successors, assigns, customers and other vendors, and their respective present and future directors, officers, employees and agents from and against all liabilities, damages, claims, losses, costs, fees, expenses, penalties and injuries of any kind or nature (including court costs and reasonable attorneys’ and experts’ fees), arising out of or resulting in any way from: 1) Any breach by Supplier or a Supplier contractor/agent of any representation, warranty or obligation under the Agreement; 2) Any product liability and/or Avient Terms and Conditions of Purchase for Goods and/or Services product safety issue(s) related to the Goods; 3) Personal injury or death related to the Goods and/or Services hereunder; 3) Any loss or damage to property attributable to the Goods or Services; 4) Any negligent act, omission or willful misconduct of Supplier or a or Supplier contractor/agent; and 5) The failure of Supplier’s Goods or Services to comply with all international, state, federal and local laws, rules and regulations. This indemnification shall be in addition to the warranty obligations of Supplier. 13.2 As to all Goods supplied hereunder, Supplier will indemnify, defend, and hold harmless Avient and its officers, directors, employees, agents, successors, assigns, customers and other vendors, and their respective present and future directors, officers, employees and agents from and against any and all liabilities, claims, losses actions, damages, costs, fees, expenses, penalties and injuries of any kind or nature (including court costs and reasonable attorneys’ and experts’ fees) arising out of any third party claim that as-shipped by Supplier, such Goods infringe any patent, copyright or other intellectual property right of another person in the country of delivery. 13.3 Supplier is fully liable for the correct and timely payment of all taxes and levies indebted in connection to the performance of the Agreement and will indemnify Avient against all claims and damages relating to its obligations concerning taxes, contributions and any claims of third parties, including the applicable government of the country at issue. 13.4 Supplier shall indemnify Avient for any costs, duties, fees, taxes, losses, and damages, including court costs and reasonable attorneys' and experts' fees, which may be incurred by Avient for any actual or alleged violation of the U.S. customs laws with respect to the Goods. 13.5 In no event shall Avient have liability or indemnity obligations to Supplier for indirect, consequential, special, exemplary, punitive or moral damages. 14. Generally, the law of the State of Ohio, U.S.A., shall control the interpretation and enforcement of this Agreement, excepting the provisions of Ohio law respecting conflict of law, and provided that for matters relating specifically to or arising out of a specific delivery of Goods or performance of Services hereunder: 20.4.1 For Goods or Services delivered/performed in North America (including Mexico) the law of the state of Avient Terms and Conditions of Purchase for Goods and/or Services Ohio, U.S.A., shall control the interpretation and enforcement of this Agreement, excepting the provisions of Ohio law respecting conflict of law. 20.4.2 For Goods or Services delivered/performed in Europe (including Russia and the former Soviet client states (but not the Czech Republic)) and Africa, Swiss Law of Contracts shall control the interpretation and enforcement of this Agreement, excepting provisions of Swiss law respecting conflict of law. 20.4.3 For Goods or Services delivered/performed in the Czech Republic, Czech Republic law shall control the interpretation and enforcement of this Agreement, excepting provisions of Czech Republic law respecting conflict of law. 20.4.4 For Goods or Services delivered/performed from a China entity Supplier to a Avient-China entity, China law shall control the interpretation and enforcement of this Agreement, excepting the provisions of China law respecting conflict of law. 20.4.5 For Goods or Services delivered/performed in the balance of Asia, Singapore Law shall control the interpretation and enforcement of this Agreement, excepting the provisions of Singapore law respecting conflict of law. 20.4.6 For Goods or Services delivered/performed in Central and South America the internal law of Brazil shall control the interpretation and enforcement of this Agreement, excepting the provisions of Brazil law respecting conflict of law. 20.5 Any dispute or controversy arising out of or in connection with this Agreement relating specifically to or arising out of a specific Delivery of Goods or performance of a Service hereunder shall, if not settled amicably by the parties, be submitted for resolution as follows: 20.5.1 For Goods or Services delivered/performed in North America and Mexico, the Ohio State and United States federal courts sitting in Summit County, Ohio, and each Party consents to exclusive jurisdiction in such courts and waives all objections to forum regardless of basis. 20.5.2 For Goods or Services delivered/performed in Europe (including Russia and the former Soviet client states) and Africa} binding arbitration before the World Intellectual Property Organization sitting in Geneva, Switzerland (unless local law mandates a different forum). 20.5.3 For Goods or Services delivered/performed in China by a Chinese supplier to a Chinese Avient entity the courts of China sitting in Shanghai. 20.5.4 For Goods or Services delivered/performed in the remainder of Asia the courts of Singapore. 20.5.5 For Goods or Services delivered/performed in Central and South America binding arbitration before The Arbitration and Mediation Avient Terms and Conditions of Purchase for Goods and/or Services Center of the Brazil-Canada Chamber of Commerce sitting in Sao Paulo. 20.6 Expiry, termination or cancellation of the Agreement shall not affect any right or obligation, which expressly or by its nature survives such expiry, termination or cancellation, including but not limited to representations, warranties, confidentiality obligations, intellectual property rights and accrued rights.

À l’exception des déclarations et des garanties expresses énoncées plus haut, le vendeur ne fait aucune déclaration et ne donne aucune garantie expresses ou implicites de quelque nature que ce soit quant aux produits, notamment des garanties implicites de qualité marchande ou d’adéquation à des fins particulières, qu’ils soient utilisés seuls ou en combinaison avec tout autre matériau ou dans tout procédé, et aucune des parties ne s’est fondée sur une quelconque déclaration à l’exception des présentes modalités. Le vendeur ne fait aucune déclaration et ne donne aucune garantie de quelque nature que ce soit, expresses ou implicites, à l’égard des échantillons ou des matériaux de développement, notamment des garanties implicites de qualité marchande ou d’adéquation à des fins particulières, qu’ils soient utilisés seuls ou en combinaison avec tout autre matériau ou dans tout procédé, et aucune des parties ne s’est fondée sur une quelconque déclaration à l’exception des présentes modalités. 3. L’acheteur remboursera au vendeur l’ensemble des taxes fédérales, étatiques, provinciales, locales et autres (à l’exception des impôts sur le revenu), des taxes d’utilisation et d’accise et des frais, y compris les frais de remise en état de l’environnement, ainsi que les taxes, frais et droits de toute nature que le vendeur doit débourser en lien avec la fabrication et la fourniture des produits, mais uniquement les sommes qui ne sont pas déjà incluses dans le prix indiqué lors de l’entrée en vigueur du présent contrat.

It was a natural and obvious choice to collaborate with Avient as a global leader in sustainable color and material solutions. Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility    

In addition, the market availability of PCR in light and natural tones is equally limited. Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility 

Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility    

Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility

Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility          

Sustainable  infrastructure  solutions  that  increase  energy efficiency,  renewable  energy, natural resource conservation and fiber optic / 5G network accessibility