Microsoft Word - AVNT-2024.06.30-News Release (for PR) 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Second Quarter 2024 Results • Second quarter sales grew to $850 million, a 3% increase over the prior year quarter and a 5% organic increase when excluding the impact of foreign exchange • Second quarter GAAP EPS from continuing operations of $0.36 compared to $0.24 in the prior year quarter • Second quarter adjusted EPS of $0.76 exceeded guidance of $0.71 and increased 21% over prior year quarter, driven by organic revenue growth in all regions, favorable input costs and lower interest expense • Increasing 2024 full-year adjusted EPS guidance range to $2.55 to $2.70, from prior guidance of $2.50 to $2.65 given strong second quarter results; Revised guidance reflects 8% to 14% growth in adjusted EPS over the prior year • 2023 Sustainability Report published online, detailing progress toward 2030 Sustainability Goals and ESG performance ratings • Investor Day to be held December 4th in New York City to highlight the company strategy CLEVELAND – August 6, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its second quarter 2024 results. I look forward to sharing more details in our third quarter earnings call and at our upcoming investor day in New York City on December 4th." 3 Sustainability Report Release The company also announced the release of its latest Sustainability Report, now available at www.avient.com/sustainability.

See instructions. 6 City, state, and ZIP code Requester’s name and address (optional) 7 List account number(s) here (optional) Part I Taxpayer Identification Number (TIN) Enter your TIN in the appropriate box. Line 6 Enter your city, state, and ZIP code. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation and to cities, states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their laws.

New York City New York City

Investor Day to be held December 9th in New York City will highlight sustainable solutions portfolio and innovation to drive future growth New York City

Guatemala City, Guatemala 71. 5) Includes estimated payments related to environmental remediation, primarily due to the ongoing remedial action at Calvert City. The settlement agreement provides a mechanism to pursue allocation of future remediation costs at the Calvert City site to Westlake Vinyls.

Tensile bars were die-cut (type IV) from plaques and tested at 20 in. Capillary viscosity was mea- sured at 200�C using a Dynisco™ 7000 series capillary rheometer (Dynisco Instruments LLC, Franklin, Massa- chusetts) with a 15:1 L/D, 120� die geometry; a Bagley correction was applied.

Source: https://pbipolymer.com/ https://www.engineering.com/3DPrinting/3DPrintingArticles/ArticleID/14465/3D-Printing-Filam https://www.engineering.com/3DPrinting/3DPrintingArticles/ArticleID/14465/3D-Printing-Filam https://pbipolymer.com/ Source: https://www.solvay.com/sites/g/files/srpend221/files/2018-11/Additive-Manufacturing-Filaments-Processing-Guide_EN-v1.1_0.pdf BRASS OR STEEL DIE?

Processing aids can be used to achieve an improved surface finish, expanded heat processing window, elimination of die drool, and higher line speeds.

Complēt™ 50% long glass fiber reinforced specialty PA66 thermoplastic replaces die-cast aluminum

Sources Cash from Balance Sheet $465 New Senior Unsecured Notes 650 New Equity 450 Total Sources $1,565 Uses Clariant Masterbatch $1,500 Clariant India Masterbatch 60 Less: Lease Adjustment (113) Net Purchase Price $1,447 Net Cash Acquired 57 Fees, Expenses & OID 61 Total Uses $1,565 ($ Millions) Cash and Cash Equivalents $370 $450M Senior Secured ABL Revolver - Senior Secured Term Loan B due 2026 624 Other Debt 25 Total Senior Secured Debt $649 5.25% Senior Unsecured Notes due 2023 $600 New Senior Unsecured Notes 650 Total Senior Debt $1,899 Net Debt $1,529 New Equity $450 Pro Forma Capitalization (1) PF 12/31/2019 $450 $600 $624 $743 2019 2020 2021 2022 2023 2024 2025 2026 A T T R A C T I V E F I N A N C I N G S T R U C T U R E Attractive Debt Maturity Profile Existing Revolver Existing Senior Notes Existing Term Loan B New Debt Summary Terms on New Debt  $465 million of cash from the balance sheet expected to fund a portion of the purchase price  Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo  Permanent financing expected to include a combination of long-term debt and new equity  The timing of the permanent financing is subject to a number of factors, including, but not limited to, market conditions  PolyOne is committed to preserving a strong balance sheet – Target net leverage at close below 3.5x, excluding synergies  Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy  New financing expected to have same or better covenant package than existing capital structure  Capital structure would be “covenant lite” Capital Policy  Transaction in line with PolyOne’s disciplined capital allocation policy  Existing PolyOne dividend policy to be maintained  Focus on deleveraging in the near term 2028+ PolyOne Corporation 26 PolyOne Corporation 27 T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y  Landmark portfolio transformation: > 85% of Adjusted EBITDA from specialty solutions  World-class innovation, technology and service are differentiators  Sustainability initiatives and alignment with megatrends drive above market growth in key end markets and applications:  Capital management is a strength - proven track record of expanding ROIC while increasing invested capital Transaction expected to add $0.85 to pro forma adjusted EPS PolyOne Corporation 28 PolyOne Corporation 29