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Avient Corporation AVNT FEBRUARY 2026 Investor Presentation
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Copyright © . Avient Corporation. All Rights Reserved 2026 2 Disclaimer 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. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management’s expectations that involve business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. items, include statements relating to future actions; prospective changes in raw material costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings and environmental liabilities; and financial results. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • disruptions, uncertainty or volatility in the global credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • disruptions or inefficiencies in our supply chain, logistics, or operations; • changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • changes to foreign policy, including new or increased tariffs and changing import / export regulations; • fluctuations in raw material prices, quality and supply, and in energy prices and supply; • demand for our products and services; • production outages or material costs associated with scheduled or unscheduled maintenance programs; • unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • information systems failures, cybersecurity breaches and cyberattacks; • our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; • amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, any recessionary conditions; and • other factors described in our Annual Report on Form 10-K under Item 1A, “Risk Factors.” Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. Use of non-GAAP measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include: Organic Performance (which excludes the impact of foreign exchange), Adjusted Earnings Per Share, Adjusted EBITDA, Adjusted EBITDA margins, Adjusted ROIC, and Free Cash Flow. Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources. A reconciliation of each historical non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.avient.com. Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA and Adjusted Earnings Per Share, to the most comparable GAAP financial measures on a forward- looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, restructuring costs, environmental remediation costs, acquisition-related costs, and other non-routine costs. Each of such adjustments has not yet occurred, are out of Avient’s control and/or cannot be reasonably predicted. For the same reasons, Avient is unable to address the probable significance of the unavailable information.
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Copyright © . Avient Corporation. All Rights Reserved 2026 3 Avient at a glance... $3.3B $545M 2011 38% 62% 2025 sales by business segment Specialty Engineered Materials SEM Color, Additives & Inks CAI 2025 sales by end market 40% 36% 18% 6% 2025 sales by region US, Canada LATAM Asia EMEA PACKAGING 23% CONSUMER 18% INDUSTRIAL 14% TRANSPORTATION 11% BUILDING & CONSTRUCTION 10% HEALTHCARE 9% DEFENSE 8% ENERGY 4% TELECOM 3% 2025 SALES 2025 ADJ. EBITDA 2025 ADJ. EPS $2.82 15 YEARS 2025 ADJ. EBITDA MARGIN 16.7%
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4 Copyright © . Avient Corporation. All Rights Reserved 2026 Why invest in Avient ? Building a stronger company, positioned for long-term growth with early execution yielding results • Productivity & organization simplification • Mix • Innovation • Growth vectors aligned to high growth market segments and secular trends • Ability to consistently generate strong free cash flow and growing earnings in a slow-to-no growth environment • Global reach with a local touch Clear visibility to MARGIN EXPANSION Portfolio positioned for ABOVE MARKET GROWTH Track record of STRONG EXECUTION & CASH GENERATION Exposure to diverse economies and BROAD GLOBAL CUSTOMER BASE
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Copyright © . Avient Corporation. All Rights Reserved 2026 5 Consistently improving value creation metrics $2.36 $2.66 $2.82 2023 2024 2025 Adj. EPS 16.0% 16.2% 16.7% 2023 2024 2025 Adj. EBITDA margin 7.7% 8.3% 8.6% 2023 2024 2025 Adj. ROIC % 3.1x 3.0x 2.6x 2023 2024 2025 Net leverage Adj. ROIC % = Tax-affected Adj. EBITA (5-quarter average of invested capital - Cash) Net leverage = (Total debt – Cash) Adj. EBITDA
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Copyright © . Avient Corporation. All Rights Reserved 2026 6 Our purpose and strategic framework
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Copyright © . Avient Corporation. All Rights Reserved 2026 7 Strategic approach to drive sustainable growth GROWING AT GROWING AT 1 Core grows above macro driven by share wins and faster business development in prioritized portfolios (growth vectors) CATALYZETHE CORE 2 Portfolios in high growth markets grow faster than core – building sizeable businesses of scale rapidly BUILD NEW PLATFORMS OF SCALE ► Prioritizing ► differently ► Creating “space” ► focused front-end and back-end structures Avient sales growth and driving productivity
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Copyright © . Avient Corporation. All Rights Reserved 2026 8 Intersecting secular trends and high growth markets with our technologies to create product platforms of scale SECULAR TRENDS
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Copyright © . Avient Corporation. All Rights Reserved 2026 9 Long-term financial targets +100 to +200bps above GDP Organic revenue growth
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Copyright © . Avient Corporation. All Rights Reserved 2026 10 Pathway to 20%+ adjusted EBITDA margins 1 Productivity • Manufacturing & sourcing efficiencies • Footprint optimization • Digital technologies 2 Mix improvement • Increased sales in higher margin growth platforms 3 Operating leverage • Organic volume growth and SG&A efficiencies from prioritizing resources across the company Avient margin expansion Schematic illustration only Productivity +400bps margin expansion 20%+ Strategic objective 16.7% 2025 adjusted EBITDA margin +2% +1% Operating leverage +1% Mix improvement
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Copyright © . Avient Corporation. All Rights Reserved 2026 11 Disciplined capital allocation Capex Dividends Debt pay down Share repurchases M&A 1 2 3 4 5 Expected annual spend between 3-5% of revenue to support investment in organic growth Increasing with underlying earnings growth Complement organic growth strategy with M&A over time, as needed Target net debt to adjusted EBITDA less than 2.5x Opportunistic buy backs
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FY 2025 results
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Copyright © . Avient Corporation. All Rights Reserved 2026 13 Q4 and full year 2025 performance Q4 2025 results Q4 2025 vs. Q4 2024 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED Sales $761M -0.8% 2.7% 1.9% Adj. EBITDA $118M 4.3% 3.1% 7.4% Margin % 15.5% +80 bps +80 bps Adj. EPS $0.56 9.8% 4.5% 14.3% FY 2025 results FULL YEAR 2025 vs. FULL YEAR 2024 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED $3,260M -0.3% 0.9% 0.6% $545M 2.9% 0.6% 3.5% 16.7% +50 bps +50 bps $2.82 5.2% 0.8% 6.0% • Expanded adj. EBITDA margins by 80 bps driven by focus on profitable mix and company-wide productivity initiatives • Defense, healthcare and telecom sales grew double digits in the quarter more than offset by subdued demand globally from weak consumer sentiment & volatile trade policy • Adj. EPS growth of 14.3% led by growth in SEM segment and total company adjusted EBITDA margin expansion • Adj. EBITDA margin expansion of 50 bps driven by favorable mix and company-wide productivity • Adj. EPS growth of 6.0% year-over-year • Strengthened balance sheet – paid down $150M in debt net leverage 2.6x as of December 31, 2025
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Copyright © . Avient Corporation. All Rights Reserved 2026 14 Color, Additives & Inks – FY 2025 performance Sales Adj. EBITDA 384 391 FY 2024 FY 2025 • Organic sales decline primarily driven by weakness in consumer, industrial and building & construction partially offset by growth in healthcare • Adj. EBITDA margin expansion of 50 bps driven by favorable mix, cost reduction actions and productivity initiatives Adj. EBITDA margin 19.2%Adj. EBITDA margin 18.7% 2,047 2,034 FY 2024 FY 2025 Sales (1%) (2%) +2% +1%
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Copyright © . Avient Corporation. All Rights Reserved 2026 15 Specialty Engineered Materials – FY 2025 performance Adj. EBITDA • Organic sales growth driven by capitalizing on secular trends in our high growth end markets, particularly in healthcare, defense and telecommunications • Adj. EBITDA margin declined by 40 bps as planned Q2 maintenance in APM business and continued investment in growth vectors were partially offset by productivity initiatives and favorable mix 249 252 FY 2024 FY 2025 Adj. EBITDA margin 20.8% Adj. EBITDA margin 20.4% 1,197 1,231 FY 2024 FY 2025 Sales +3% +2% +1% Flat
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Copyright © . Avient Corporation. All Rights Reserved 2026 16 FY 2025 organic revenue growth - by region -2% -1% +3% +4% Year-over-year revenue growth, excludes the impact of foreign exchange US & Canada Europe, Middle East & Africa Asia Latin America
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2026 guidance
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Copyright © . Avient Corporation. All Rights Reserved 2026 18 ADJ. EBITDA - full year 2026 $555 to 585M +2% to +7% growth ADJ. EPS - full year 2026 $2.93 to $3.17 +4% to +12% growth Q1 2026 $0.81 adj. EPS guidance 2026 financial guidance MACRO ASSUMPTIONS INFLUENCING RANGE Improvement in consumer spending due to government policies Easing interest rates due to normalizing inflation Continued acceleration of NATO spending on defense FX volatility Policy uncertainty and changes Persistent inflation impacting consumer spending resulting in a continued low growth environment
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20Copyright © . Avient Corporation. All Rights Reserved 2026 Avient 2025 sales BUSINESS SEGMENTS END MARKETS REGIONS 62% 38% SEM C AI 23% 18% 14% 11% 10% 9% 8% 4% 3% Packaging TelecomEnergy Defense Healthcare Building & construction Transportation Industrial Consumer 40% 36% 18% 6% US & Canada Latin America Asia Europe, Middle East and Africa
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21Copyright © . Avient Corporation. All Rights Reserved 2026 Color, Additives & Inks END MARKETS REGIONS 35% 20% 15% 11% 9% 8% Packaging Telecom 1%Energy 1% Transportation Industrial Consumer 33% 37% 20% 10% US & Canada Latin America Asia Europe, Middle East and Africa Healthcare Building & Construction
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22Copyright © . Avient Corporation. All Rights Reserved 2026 Specialty Engineered Materials END MARKETS REGIONS 22% 15% 11%14% 9% 9% 8% 7% 5% Defense Packaging Telecom Building & construction Transportation Industrial Consumer 52% 34% 14% US & Canada Asia Europe, Middle East and Africa Energy Healthcare
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Copyright © . Avient Corporation. All Rights Reserved 2026 23 Avient 2025 regional sales, by end market US & CANADA 40% of sales EMEA 36% of sales ASIA 18% of sales LATIN AMERICA 6% of sales 13% 19% 13% 9% 13% 12% 10% 6% 5% Packaging TelecomEnergyDefenseHealthcareBuilding & construction TransportationIndustrialConsumer 25% 13% 15%13% 10% 5% 12% 5% 2% 33% 24% 12% 10% 5% 11% 1%1% 3% 61%20% 7% 6% 5% 1%
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Copyright © . Avient Corporation. All Rights Reserved 2026 24 NON -HYDROCARBON MATERIALS HYDROCARBON -BASED ~35% of the raw material basket including part of “Other raw materials” are hydrocarbon-based Raw material basket 16% 14% 9% 2% 37% 8% 5% 4% 5% Performance additives Pigments TiO2 Dyestuffs Styrenic block copolymers Polypropylene Nylon Polyethylene Other raw materials