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Microsoft PowerPoint - AVNT Q2 2022 Earnings Presentation AVIENT CORPORATION S E C O N D Q U A R T E R 2 0 2 2 R E S U L T S (NYSE: AVNT) J U LY 2 6 , 2 0 2 2 DISCLAIMER 2 Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$ Pro Forma Leverage (12/31/2022E) Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x Forecast Dyneema Forecast + Dyneema Sale of Distribution Pro Forma 2022 TWO-YEAR LEVERAGE MODEL 16 3.5x 2.7x 1.6x 2.8x 2.4x 2.0x 2019PF 2020PF 2022E 2022PF 2023E 2024E Dyneema® AcquisitionClariant Color Acquisition (1) Pro forma for the acquisition of the Clariant Color business (2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution, including repayment of senior notes due 2023 and Term Loan (1) (1) (2) OUR SPECIALTY JOURNEY CONTINUES 17 • Dyneema® brings leading technology and brand with the World’s Strongest Fiber™, deep history of application development and strong management team focused on specialty applications • Dyneema® transaction is aligned with our previously stated acquisition goal of expanding our composites and fiber capabilities • Similar to our other technology expansion acquisitions, Dyneema® allows us to leverage our invest-to-grow strategy • The possible sale of our Distribution business also presents potential benefits with respect to leverage and EBITDA margins 7% 46% 66% 86% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2021 2022 PF % o f A dj u st ed E B IT D A (1 ) JVs Distribution Performance Products & Solutions Specialty (1) Adjusted EBITDA is EBITDA excluding corporate costs and special items (2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution (2) Healthcare 4% Packaging 8% Consumer 10% Building & Construction 43% Industrial 15% Transportation 14% Energy 4% Telecom. 2% 2006 2022 Pro forma Healthcare 8% Packaging 23% Consumer 21% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% Defense 6% END MARKET TRANSFORMATION TO LESS CYCLICAL INDUSTRIES ( W IT H DY N E E MA, E X . Annual Purchases RAW MATERIAL AND SUPPLY CHAIN UPDATE Based on 2021 purchases, excludes Distribution business SEGMENT DATA U.S. & Canada 50% EMEA 25% Asia 16% Latin America 9% 2021 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 23% Packaging 19% Industrial 16% Building and Construction 10% Telecommunications 4% Energy 2% END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs $2,402M $409M $919M $164M $1,631M $94M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $581M$4,819M (1) Transportation 11% Healthcare 15% 24 Packaging 34% Consumer 21% Healthcare 8% Industrial 16% Building & Construction 10% Transportation 9% Energy 1% Telecommunications 1% C O L O R , A D D I T I V E S & I N K S 2021 REVENUE | $2 .4 BILL ION US & Canada 32% EMEA 40% Asia 21% Latin America 7% END MARKET REGION 25 All charts reflect 2021 financials 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 Consumer 27% Healthcare 10% Packaging 7% Telecommunications 16% Transportation 11% Industrial 11% Building & Construction 11% Energy 7% 2021 REVENUE | $919 MILLION END MARKET US & Canada 55% EMEA 25% Asia 20% REGION 26 All charts reflect 2021 financials D I S T R I BU T I O N Healthcare 26% Consumer 23% Packaging 5% Industrial 20% Transportation 16% Building and Construction 8% Energy 1% Telecommunications 1% US & Canada 80% Asia 3% Latin America 17% END MARKET REGION K E Y S U P P L I ER S 2021 REVENUE | $1 .6 B ILL ION 27 All charts reflect 2021 financials TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET Packaging 30% Consumer 26%Healthcare 13% Industrial 14% Building & Construction 5% Telecommunications 2% Energy 2% Asia (16% of sales) Transportation 8% Packaging 32% Consumer 13% Healthcare 5% Industrial 17% Building & Construction 12% Telecommunications 5% Energy 4% EMEA (25% of sales) Transportation 12% 28 Consumer 25% Healthcare 19% Packaging 10% Industrial 17% Building & Construction 10% Telecommunications 4% Energy 2% US & Canada (50% of sales) Transportation 13% Packaging 38% Consumer 33% Healthcare 8% Industrial 10% Building & Construction 5% Telecommunications 1% LATAM (9% of sales) Transportation 5% All charts reflect 2021 financials Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.

GLOBAL FRIDGE MANUFACTURER R E F R I G E R A T O R B A S E • Provide 5VA flame retardant rating • Utilize existing molds • Keep the same mechanical and physical properties as current material • Dimensional stability – limit shrinkage of final part • High strength – bearing the weight of the whole fridge • Maintain or reduce weight • Expedited development time, providing solutions ready for testing within a week • Enabled first time approval through close customer collaboration • Provided excellent in person support to both customer and moulder throughout trials • Gave technical advice on how to adjust processing parameters, enabling the use of existing molds with the new material Maxxam™ FR Flame Retardant Formulations KEY REQUIREMENTS WHY AVIENT?

Entry door 1-page case study EXTERIOR DOORS R E S I D E N T I A L & C O M M E R C I A L Reinforcement of steel to reduce weight and provide: • Corrosion resistance • Improved dent resistance to withstand windborne debris • Structural performance to meet regional wind load requirements • Improved resistance to corrosion and moisture degradation • Increased dent resistance up to 60% vs. unreinforced metal • Enabled reduction in thickness of sheet metal while maintaining structural performance Polystrand™ PETG continuous fiber reinforced composite laminate thermally bonded to steel door skin KEY REQUIREMENTS WHY AVIENT?

SPORTING GOODS BRAND I N J E C T I O N M O L D E D B A S E B A L L B A T • Meet BBCOR safety standard for coefficient of restitution • High stiffness and toughness to hold up to ball impacts without excessive vibration • Variable feel, sound, and “sweet spot” for user preference • Provided a unique solution allowing the bat to be manufactured with injection molding instead of thermoset layup process to lower production cost • Designed unique two-part barrel and handle construction which enables tailoring weight and balance performance to player Complēt™ Long Carbon Fiber ETPU Composite KEY REQUIREMENTS WHY AVIENT?

© 2020, All Right Reserved Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 LIGHTING MANUFACTURER H E A T S I N K F O R H I G H P O W E R L E D • PA based grade to replace aluminum • High thermal conductivity ̴ 15 W/mK • Electrically conductive • Easy moulding • Improved light output compared to alternative materials • Improved corrosion resistance and weight reduction • It gave the customer more design possibilities and a more cost effective solution Customized PA based grade KEY REQUIREMENTS WHY AVIENT?

PACKAGING CONVERTER R P E T W A T E R B O T T L E S • Provided the only reheat additive with APR Critical Guidance & Bottle-to-Bottle Recognition • Allowed increased use of rPET with no negative impact to performance or aesthetics • Enabled preforms to heat more quickly to improve cycle times and reduce energy usage • Set up onsite dosing equipment for customer at multiple locations and provided technical support nationally ColorMatrix™ SmartHeat™ RHC WHY AVIENT?

SATELLITE OEM B R A I D E D T E T H E R • Needs a small diameter strength member with specific tensile and geometric requirements that current product was not achieving • Requires a solution that is also black and UV resistant, as existing aramid yarns are not available in color (coating is not acceptable for the application due to off-gassing complications) • Withstands extreme, prolonged thermal cycling • Acts as a critical component for safe re-entry into earth’s atmosphere at the end of the satellite’s life cycle. • Met critical government environmental regulations • Leveraged key existing vendor relationships to supply the only material able to meet all requirements • Mass-produced braids in parallel that attach to meet the length target • Ensured simple qualification process to increase speed to market Fiber-Line™ Vectran HT Braid KEY REQUIREMENTS WHY AVIENT?

Trilliant HC - OCD Microwells IVD Testing - Application Snapshot ORTHO CLINICAL DIAGNOSTICS M I C R O W E L L S F O R I V D D E V I C E • PS-based material • Strict TiO2 content/filling to secure accurate performance • Material to be suitable and complaint with the IVDD/IVDR standards • Surface chemical performance essential for the application • Worked in close collaboration with customer and internal teams to fully understand and overcome current material challenges • Identified anomalies in existing formulation using material science expertise and customized an alternative formulation • Enabled customer to improve processing efficiency, reduce scrap rate and respond to the increased market demand Trilliant™ HC7410-5001 X4 thermoplastics in white KEY REQUIREMENTS WHY AVIENT?

DEVICE MANUFACTURER M E D I C A L D E V I C E H O U S I N G • Improved chemical resistance compared to PC/ABS, PC/PET & COPE • Flame retardant (FR) rating of V-1 at 0.75 mm • Zero BPA & non-halogenated FR material • Available in standard hospital grade pre-colors • Provided a cost-effective material with superior chemical resistance to traditional materials • Formulated a medical-grade, semi-crystalline blend to support regulatory testing and approvals • Demonstrated superior property retention and crack resistance after exposure to hospital- grade disinfectants, including Virex® Tb, helping to extend the device life Trilliant™ HC8900 Thermoplastics KEY REQUIREMENTS WHY AVIENT?