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

Microsoft PowerPoint - Avient March IR - Fermium AVIENT CORPORATION (NYSE: AVNT) M A R C H 1 8 , 2 0 2 1 I R M E E T I N G S H O S T E D B Y F E R M I U M R E S E A R C H 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. SEGMENT HIGHLIGHTS U.S. & Canada 50% 26% 16% Latin America 2020 SEGMENT, END MARKET AND GEOGRAPHY 29 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 30 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 31 (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 29% 25% 20% 14% Electrical & Building & 1% 82% Latin America END MARKET REGION K E Y S U P P L I ER S 32 AMERICAS EMEA ASIA 26% 19% 13% 16% Building & Electrical & 34% 16%Healthcare 17% Building & Electrical & 32% 27% 12% Building & Electrical & 9% 2020 figures Pro forma for acquisition of the Clariant Masterbatch business TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET (58% of sales) (26% of sales) (16% of sales) 33

INVESTMENT IN COMMERCIAL RESOURCES D R I V E S I N N O VAT I V E P R O D U C T P O R T F O L I O AN D S AL E S G R O W T H 19 160 270 2011 2019 2020E 0.16 0.20 0.26 0.34 0.42 0.50 0.58 0.72 0.79 0.81 0.85 11 12 13 14 15 16 17 18 19 20 21E TARGET NET LEVERAGE BY 2021 ~$1Bn REPURCHASED OVER LAST 10 YEARS ~$350MM PAID OVER LAST 10 YEARS RETURNING VALUE TO SHAREHOLDERS 12 Free Cash Flow Dividends Share Repurchases Deleveraging Strong track record of cash generation put to work in M&A and return to shareholders while modestly levered 0.1 0.1 0.2 0.5 0.6 0.7 0.8 0.9 0.9 1.0 11 12 13 14 15 16 17 18 19 20 2.9x 2020PF* 2021E Growing Dividend Cumulative Buybacks Net Leverage $ $ p e r s h a re *2020 estimate and Pro forma for acquisition of the Clariant Masterbatch business Cash Generation ~$270MM Another unique value creation lever at Avient is synergy capture with our recent acquisition of Clariant Masterbatch. SEGMENT HIGHLIGHTS 37% 22% 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 $9 $320 2005 2020PF 2.0% 15.9% 2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business 32% 39% Latin America END MARKET REGION EBITDA DOLLAR & MARGIN $5 $120 2005 2020E 59% 18% Wire & Cable(1) 25% Electrical & 14% Building & 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 2020E REVENUE | $700 MILLION 0.9% 17.1% END MARKET REGION EBITDA DOLLAR & MARGIN 25 (1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling 30% 24%Packaging Electrical & Building & 1% 79% Latin America END MARKET REGION EBITDA DOLLAR & MARGIN DISTRIBUTION 2020E REVENUE | $ 1 .1 BILLION $20 $70 2005 2020E 2.9% 6.3% KEY SUPPL IER S 26 AMERICAS EUROPE ASIA 26% 13% 16% Building & 5% Electrical & 35% 14%Healthcare 17% Building & Electrical & 32% 26% 12% Building & Electrical & 2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET (58% of sales) (25% of sales) (17% of sales) 27

INVESTMENT IN COMMERCIAL RESOURCES D R I V E S I N N O VAT I V E P R O D U C T P O R T F O L I O AN D S AL E S G R O W T H TARGET NET LEVERAGE BY 2021 ~$1Bn REPURCHASED OVER LAST 10 YEARS ~$350MM PAID OVER LAST 10 YEARS RETURNING VALUE TO SHAREHOLDERS 12 Free Cash Flow Dividends Share Repurchases Deleveraging Strong track record of cash generation put to work in M&A and return to shareholders while modestly levered 0.16 0.20 0.26 0.34 0.42 0.50 0.58 0.72 0.79 0.81 11 12 13 14 15 16 17 18 19 20 0.1 0.1 0.2 0.5 0.6 0.7 0.8 0.9 0.9 1.0 11 12 13 14 15 16 17 18 19 20 2020PF* 2021E Growing Dividend Cumulative Buybacks Net Leverage $B n $ p r sh ar *2020 estimate and Pro forma for acquisition of the Clariant Masterbatch business Cash Generation 19 160 240 2011 2019 2020E ~$240MM Another unique value creation lever at Avient is synergy capture with our recent acquisition of Clariant Masterbatch. SEGMENT HIGHLIGHTS 37% 22% 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 $9 $310 2.0% 15.5% 2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business 32% 39% Latin America END MARKET REGION EBITDA DOLLAR & MARGIN 24 59% 18% Wire & Cable(1) 25% Electrical & 14% Building & 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 2020E REVENUE | $685 MILLION 0.9% 16.8% END MARKET REGION EBITDA DOLLAR & MARGIN 25 (1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling 30% 24%Packaging Electrical & Building & 1% 79% Latin America END MARKET REGION EBITDA DOLLAR & MARGIN DI S TR IBU T I ON 2020E REVENUE | $1 .05 B ILL ION $20 $65 2.9% 6.2% K E Y S U P P L I ER S 26 AMERICAS EUROPE ASIA 26% 13% 16% Building & 5% Electrical & 35% 14%Healthcare 17% Building & Electrical & 32% 26% 12% Building & Electrical & 2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET (58% of sales) (25% of sales) (17% of sales) 27

Only naturally balanced runner systems (“H” pattern) are recommended

Only naturally balanced runner systems (“H” pattern) are recommended. 3.

Silicone replacement for baby nipple Majority of baby nipple/pacifier is made from silicone and natural rubber.

Review and approve, or recommend to the Board the approval of, the structure of the Company’s retirement plans, and other benefit plans that are compensatory in nature.

Review and approve, or recommend to the Board the approval of, the structure of the Company’s retirement plans, and other benefit plans that are compensatory in nature.

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.