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XAVIENT Innovator of Materials Solutions Avient Corporation NYSE : AVNT Q2 2026 results & FY 2026 financial guidance AUGUST 6 , 2026
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Copyright © . Avient Corporation. All Rights Reserved 2026 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. 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, Adjusted Earnings Per Share, and Adjusted Free Cash Flow 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 quantity 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 ► Strong first half of 2026 with positive organic sales and adj. EBITDA growth with margin expansion resulting in 15% EPS growth ► Organic sales and volume growth in both business segments disciplined pricing execution, share gains, and innovation creating growth ► A record quarter in adj. EBITDA margins driven by focus on profitable mix and company-wide productivity initiatives ► Adj. EPS of $0.96 ahead of guidance of $0.89 better-than-expected volume growth, especially in Asia ► Debt paydown of $50M in the quarter enabled by strong cashflow generation Financial performance and results Q2 2026 results Q2 2026 vs. Q2 2025 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED Sales 917M 4.3% 1.5% 5.8% Adj. EBITDA 168M 11.5% 1.5% 13.0% Adj. margin % 18.3% +110 bps +110 bps Adj. EPS 0.96 17.1% 2.9% 20.0% June YTD 2026 results June YTD 2026 vs. June YTD 2025 ORGANIC (excludes impact of foreign exchange) FX AS REPORTED 1,764M 1.2% 3.0% 4.2% 318M 4.7% 3.6% 8.3% 18.0% +70 bps +70 bps 1.79 9.1% 5.6% 14.7%
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Copyright © . Avient Corporation. All Rights Reserved 2026 4 End market dynamics • Packaging drives growth - robust growth in all regions - share wins, underlying demand improvement, and innovation - new products for personal health & beauty (non-PFAS polymer processing aids) and electronics (thermal management) unlock new growth - expect momentum to continue in 2H • Consumer markets stabilizing; shifting to modest growth - consumer growth driven by demand recovery in the US and Asia - share wins with key account strategy and winning with large local Asia customers – growth in both discretionary and staples - expect continued growth in 2H from demand recovery and favorable yoy financial comparisons • Defense demand remains healthy - growth in Q2 against tough, double-digit yoy financial comparisons - strong pipeline and projects both in US and Europe - expect mid-to-high single-digit growth for the full year • Continued momentum in Building and Construction - share gains and new business wins - data center and other infrastructure build demand; new applications in composite lightweighting for residential markets - robust Q2; momentum expected to continue through 2H • Healthcare inventory rebalancing impacts first half - expect subdued growth for the full year following double-digit growth for each of the prior two years - secular trends remain intact for the long-term - drug delivery devices seeing some inventory rebalancing; strength intact in medical devices and equipment • Industrial shifts to growth - driven to positive growth by strength in Asia in Q2 - momentum continues in Q3 and 2H from improved demand and favorable financial comparisons • Transportation remains slow - affected by lower auto production and slowdown in marine business • Energy and Telecom - expected to grow high single digits in Q3 driven by infrastructure projects and high-performance computing-related applications Packaging Consumer Defense Building & construction Healthcare Industrial Transportation Energy Telecom
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Copyright © . Avient Corporation. All Rights Reserved 2026 5 Systematic value creation year-after-year $2.36 $2.66 $2.82 2023 2024 2025 2026 Adj. EPS 502 526 545 2023 2024 2025 2026 Adj. EBITDA guided range & expected margins 603 575 $3.25 $3.10 >17% 16.2% 16.7% 16.0% guided range 7.7% 8.3% 8.6% 2023 2024 2025 2026 Adj. ROIC 9.6% 9.0% range estimate 3.1x 3.0x 2.6x 2023 2024 2025 2026 Net leverage 2.4x 2.2x range estimate Adj. ROIC % = Tax-affected Adj. EBITA (5-quarter average of invested capital - Cash) Net leverage = (Total debt – Cash) Adj. EBITDA
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6Copyright © . Avient Corporation. All Rights Reserved 2026 Innovative materials advancing autonomous technologies Avient launches PREPERM low-loss dielectric thermoplastics PREPERM low-loss dielectric thermoplastics are high-performance alternatives to conventional glass-fiber-reinforced materials with applications in... Industrial robots / humanoids operating in demanding environments Forward and corner- facing radars in cars for driver-assist systems 5G antennae, traffic monitoring radomes 1 2 3 ► Extremely low loss/distortion in higher frequencies with PREPERM materials enable higher data transfer rate, low latency and cleaner signal transmission in robots and car radomes ► PREPERM grades offer impact-resistance, low-warpage and laser-assembly compatibility needed for various radome components - providing manufacturers with a “ready-to-drop-in" upgrade path and dimensionally stable products saving them costly assembly rework
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Q2 2026 Segment region results
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Copyright © . Avient Corporation. All Rights Reserved 2026 8 Color, Additives & Inks – Q2 2026 performance Adj. EBITDA • Organic sales increase primarily driven by pricing and demand in Packaging as well as Building & Construction • Operating leverage from revenue growth, improved mix, and productivity actions drives 80 bps of margin expansion Sales 539 574 Q2 2025 Q2 2026 113 125 Q2 2025 Q2 2026 +10% +9% +7% +5% Adj. EBITDA margin 20.9% Adj. EBITDA margin 21.7%
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Copyright © . Avient Corporation. All Rights Reserved 2026 9 Specialty Engineered Materials – Q2 2026 performance Adj. EBITDA • Organic sales growth primarily driven by Electronics and High- Performance Computing applications and US Building & Construction applications supporting commercial infrastructure investments • Demand growth, improved mix, and productivity initiatives led to EBITDA growth and expanded margins Sales 330 344 Q2 2025 Q2 2026 63 76 Q2 2025 Q2 2026 +21% +20% +4% +3% Adj. EBITDA margin 19.0% Adj. EBITDA margin 22.1%
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Copyright © . Avient Corporation. All Rights Reserved 2026 10 Q2 2026 organic revenue growth - by region US & Canada Europe, Middle East & Africa Asia Latin America Avient global All growth rates above exclude the impact of foreign exchange SEQUENTIAL REVENUE GROWTH (quarter-over-quarter) Year-over-year revenue growth
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2026 Guidance
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Copyright © . Avient Corporation. All Rights Reserved 2026 12 Updated 2026 financial guidance FULL YEAR OUTLOOK REVENUE GROWTH Mid single digits as reported CAPEX $120M to $130M Supporting investments in growth vectors NET LEVERAGE 2.2x to 2.4x Down from 2.6x in 2025 MACRO ASSUMPTIONS INFLUENCING RANGE... • Improvement in consumer and infrastructure spending due to government policies • Continued acceleration of defense spending in EU and US • Global demand uncertainty and supply chain disruptions due to the Iran conflict • Persistent inflation impacting consumer spending • FX volatility PRIOR GUIDANCE UPDATED TO... Adj. EBITDA $555M to $585M +2% to +7% growth yoy 575M 603M +6% to +11% growth yoy Adj. EPS $2.93 to $3.17 +4% to +12% growth yoy 3.10 3.25 +10% to +15% growth yoy Free cash flow $200M to $220M +3% to +13% growth yoy 210M 230M +8% to +18% growth yoy Adj. EPS 0.80 +14% growth yoy
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14Copyright © . 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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15Copyright © . 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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16Copyright © . 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 17 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 18 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
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Copyright © . Avient Corporation. All Rights Reserved 2026 19 Reconciliation of Non-GAAP financial measures 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. Further, as a result of Avient's strategic shift to an innovator of materials solutions, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization. Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. The presentation of these non- GAAP measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. PAGE 1 OF 3 Reconciliation to EBITDA and Adjusted EBITDA Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 $ Millions $ Millions $ Millions $ Millions Net income – GAAP 65.7 53.5 121.5 33.6 Income tax expense 23.4 17.4 39.9 10.7 Interest expense, net 22.3 24.7 44.3 51.6 Depreciation & amortization 48.6 46.6 96.7 91.9 EBITDA 160.0 142.2 302.4 187.8 Special items, before tax 9.3 7.3 18.2 108.5 Interest expense included in special items — (0.3) — (2.0) Depreciation & amortization included in special items (1.1) (0.3) (2.5) (0.7) Adjusted EBITDA 168.2 148.9 318.1 293.6 Adjusted EBITDA as a percent of sales 18.3% 17.2% 18.0% 17.3% Reconciliation to condensed consolidated statements of income Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 $ Millions EPS in $ $ Millions EPS in $ $ Millions EPS in $ $ Millions EPS in $ Net income attributable to Avient common shareholders 64.8 0.70 52.6 0.57 120.5 1.31 32.4 0.35 Special items, after-tax 8.2 0.09 5.7 0.07 13.7 0.15 81.4 0.89 Amortization expense, after-tax 15.3 0.17 15.2 0.16 30.8 0.33 29.7 0.32 Adjusted net income / EPS 88.3 0.96 73.5 0.80 165.0 1.79 143.5 1.56 Per share amounts may not recalculate from figures presented herein due to rounding 11 11 1
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Copyright © . Avient Corporation. All Rights Reserved 2026 20 Reconciliation of Non-GAAP financial measures PAGE 2 OF 3 Reconciliation to EBITDA and Adjusted EBITDA Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 $ Millions $ Millions $ Millions $ Millions Sales Color, Additives and Inks 574.2 538.6 1,102.3 1,058.3 Specialty Engineered Materials 343.9 329.7 664.1 638.1 Corporate (1.1) (1.8) (2.0) (3.3) All Avient 917.0 866.5 1,764.4 1,693.1 Gross margin Color, Additives and Inks 205.2 188.0 383.9 361.1 Specialty Engineered Materials 109.3 93.8 209.9 191.6 Corporate (6.9) (3.9) (13.6) (11.6) All Avient 307.6 277.9 580.2 541.1 Selling and administrative expense Color, Additives and Inks 103.4 97.7 200.7 192.2 Specialty Engineered Materials 56.6 53.6 109.8 104.3 Corporate 35.2 30.5 61.5 147.8 All Avient 195.2 181.8 372.0 444.3 Operating income Color, Additives and Inks 101.8 90.3 183.2 168.9 Specialty Engineered Materials 52.7 40.2 100.1 87.3 Corporate (42.1) (34.4) (75.1) (159.4) All Avient 112.4 96.1 208.2 96.8 Depreciation and amortization Color, Additives and Inks 22.7 22.4 45.1 44.1 Specialty Engineered Materials 23.1 22.4 45.7 43.9 Corporate 2.8 1.8 5.9 3.9 All Avient 48.6 46.6 96.7 91.9 EBITDA Color, Additives and Inks 124.5 112.7 228.3 213.0 Specialty Engineered Materials 75.8 62.6 145.8 131.2 Corporate (39.3) (32.6) (69.2) (155.5) Other income, net (1.0) (0.5) 2.5 (0.9) EBITDA, All Avient 160.0 142.2 302.4 187.8 Special items, before tax 9.3 7.3 18.2 108.5 Interest expense, incl. in special items - (0.3) - (2.0) D&A included in special items (1.1) (0.3) (2.5) (0.7) Adj. EBITDA, All Avient 168.2 148.9 318.1 293.6 Reconciliation to condensed consolidated statements of income Three months ended Sep 30, 2025 Year ended Dec 31, 2025 $ Millions EPS in $ $ Millions EPS in $ Net income attributable to Avient common shareholders 32.6 0.36 81.9 0.89 Special items, after-tax 15.7 0.17 116.4 1.27 Amortization expenses, after-tax 15.9 0.17 60.7 0.66 Adjusted net income / EPS 64.2 0.70 259.0 2.82 Per share amounts may not recalculate from figures presented herein due to rounding1 11 Free cash flow Year ended Dec 31, 2025 $ Millions Operating cash flow 301.6 Capex (106.6) Free cash flow 195.0
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Copyright © . Avient Corporation. All Rights Reserved 2026 21 Adjusted return on Invested capital calculation Year ended Dec 31, 2025 2024 2023 $ Millions $ Millions $ Millions EBITA Tax-affected adj. earnings before interest, taxes & amortization Adj. EBITDA 544.6 526.4 501.8 Depreciation (103.7) (100.4) (107.1) Adj. EBITA 440.9 426.0 394.7 Tax on EBITA (107.1) (101.4) (90.5) Tax-affected adj. EBITA 333.8 324.6 304.2 Invested capital Short-term and current portion of long-term debt 3.4 138.8 5.1 Long-term debt 2,035.7 1,966.1 2,168.9 Total debt 2,039.1 2,104.9 2,174.0 Cash and cash equivalents (510.5) (544.5) (545.8) Net debt 1,528.6 1,560.4 1,628.2 Total shareholders’ equity 2,358.5 2,344.0 2,341.8 Invested capital 3,887.1 3,904.4 3,970.0 Adj. return on invested capital 8.6% 8.3% 7.7% Invested capital is calculated using the average of total debt and equity balances over the trailing five quarters Net leverage calculation Year ended Dec 31, 2025 2024 2023 $ Millions $ Millions $ Millions Adj. EBITDA 544.6 526.4 501.8 Net debt Short-term and current portion of long-term debt 0.5 7.7 9.5 Long-term debt 1,948.4 2,091.5 2,101.0 Total debt 1,948.9 2,099.2 2,110.5 Cash and cash equivalents (510.5) (544.5) (545.8) Net debt 1,438.4 1,554.7 1,564.7 Net leverage 2.6 3.0 3.1 Reconciliation of Non-GAAP financial measures PAGE 3 OF 3 1 1