Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Personal Products Personal Care Packaging Also of Interest

Total Fatality Rate (#—Direct) Total Fatality Rate (#—Contractors) Process Safety Total Incident Rate (#)

We currently anticipate that the shares requested in connection with the approval of the 2017 Plan will last forff about three years, based on our historic grant rates and the approximate current share price, but could last forff a shorter period of time if actual practice does not match historic rates or our share price changes materially. We provide long-term incentive compensation to our Named Executive Officers to directly tie the interests of these individuals to the interests of our shareholders. For purposes of this table and threshold level disclosure, we assumed that the lowest weighted of the three perforff mance measures achieved the threshold level of attainment (in other words, 7.5% of the target award was earned).

We will be sending out registration information shortly and will offer both in-person and virtual options in light of the continuing impacts of the pandemic.” Three Months Ended September 30, Nine Months Ended September 30, Reconciliation to Consolidated Statements of Income 2021 2020 2021 2020 Sales $ 1,219.8 $ 924.5 $ 3,617.3 $ 2,245.1 Gross margin - GAAP 255.4 210.2 846.5 531.4 Special items in gross margin (Attachment 3) 17.3 27.6 27.7 23.6 Adjusted gross margin $ 272.7 $ 237.8 $ 874.2 $ 555.0 Adjusted gross margin as a percent of sales 22.4 % 25.7 % 24.2 % 24.7 % Operating income - GAAP 78.7 33.5 307.2 124.3 Special items in operating income (Attachment 3) 20.0 40.4 36.6 59.1 Adjusted operating income $ 98.7 $ 73.9 $ 343.8 $ 183.4 Adjusted operating income as a percent of sales 8.1 % 8.0 % 9.5 % 8.2 % The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US GAAP figures. Three Months Ended September 30, 2021 2020 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results $ 61.1 $ 19.9 $ 81.0 $ 5.3 $ 50.0 $ 55.3 Income tax expense - GAAP (8.5) — (8.5) (2.7) — (2.7) Income tax impact of special items (Attachment 3) — (4.6) (4.6) — (12.7) (12.7) Tax adjustments (Attachment 3) — (3.6) (3.6) — 3.0 3.0 Income tax (expense) benefit $ (8.5) $ (8.2) $ (16.7) $ (2.7) $ (9.7) $ (12.4) Effective Tax Rate(1) 14.1 % 20.8 % 51.9 % 22.7 % (1) Rates may not recalculate from figures presented herein due to rounding 14 Nine Months Ended September 30, 2021 2020 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results $ 253.5 $ 36.5 $ 290.0 $ 81.6 $ 62.0 $ 143.6 Income tax expense - GAAP (51.8) — (51.8) (22.5) — (22.5) Income tax impact of special items (Attachment 3) — (8.9) (8.9) — (15.4) (15.4) Tax adjustments (Attachment 3) — (1.6) (1.6) — 4.9 4.9 Income tax (expense) benefit $ (51.8) $ (10.5) $ (62.3) $ (22.5) $ (10.5) $ (33.0) Effective Tax Rate(1) 20.5 % 21.5 % 27.6 % 23.0 % (1) Rates may not recalculate from figures presented herein due to rounding The following pro forma adjustments are referenced by management to provide comparable business performance by incorporating the Clariant Masterbatch business in periods prior to the acquisition date (July 1, 2020).