This means fewer materials, faster installation, and reduced labor costs FR COMPOSITE PANELS • Beyond Price Tags: Materials are just one piece of the cost puzzle. And with their lighter weight, they help cut down on transportation costs, too.

We delivered year-over-year earnings growth, much of which came from margin improvement in Europe and prudent cost control by our teams. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs, mark-to-market adjustments associated with benefit plans, acquisition related costs, and other non-routine costs. These costs are included in Corporate and eliminations.

It was important that the new connector provide signal dampening within an established range as specified by the customer without exceeding the established cost targets. In addition, they are costly to manufacture, which makes them economically unfeasible for use in low-cost computers. Meet targeted cost-performance requirements – The selected resin must offer significant savings over the current LCP/carbon fiber formulation through material and/or manufacturing savings, thus enabling penetration of the low-cost computer market with a competitive connector.

THE SOLUTION Avient recommended Bergamid™ B70 G30H black TM-X PA 6 resin with 30 percent glass fiber reinforcement for its excellent mechanical properties and cost benefits. Injection molding = system cost savings: Compared to metal fabrication, which requires time-consuming secondary operations, injection molded plastics can be produced as a net-shape part in a single step, boosting productivity and lowering system costs. Further, the material costs for Bergamid resin are lower than those of bent steel plate.

Microsoft PowerPoint - Recast Financial Information for Pension Standard v13 2013 to 2017 Recast GAAP Financial Information for the Adoption of ASU 2017-07: Presentation of Net Periodic Pension and Postretirement Benefit Cost April 26, 2018 POLYONE CORPORATION 2 Reflects quarterly GAAP financial adjustments for the adoption of ASU 2017-07. The new accounting standard is effective January 1, 2018 and requires all components of annual periodic pension and postretirement costs, other than service costs, to be presented below Operating Income. Accordingly, mark to market adjustments, interest cost and expected return on plan asset components are now included in Other Income (Expense).

Special items for the first quarter were primarily related to costs associated with restructuring actions. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs, mark-to-market adjustments associated with benefit plans, acquisition related costs, and other non-routine costs. These costs are included in Corporate.

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. Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income attributable to Avient shareholders $ 84.2 $ 0.91 $ 79.3 $ 0.86 Special items, after tax (Attachment 3) 7.2 0.08 2.6 0.03 Adjusted net income / EPS - excluding special items $ 91.4 $ 0.99 $ 81.9 $ 0.89 6 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2022 2021 Sales $ 1,293.8 $ 1,162.3 Cost of sales 1,000.1 859.9 Gross margin 293.7 302.4 Selling and administrative expense 165.1 182.0 Operating income 128.6 120.4 Interest expense, net (16.9) (19.3) Other (expense) income, net (0.6) 1.5 Income before income taxes 111.1 102.6 Income taxes (26.6) (22.9) Net income 84.5 79.7 Net income attributable to noncontrolling interests (0.3) (0.4) Net income attributable to Avient shareholders $ 84.2 $ 79.3 Earnings per share attributable to Avient common shareholders - Basic $ 0.92 $ 0.87 Earnings per share attributable to Avient common shareholders - Diluted $ 0.91 $ 0.86 Cash dividends declared per share of common stock $ 0.2375 $ 0.2125 Weighted-average shares used to compute earnings per common share: Basic 91.5 91.3 Diluted 92.3 92.2 7 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended March 31, 2022 2021 Cost of sales: Restructuring costs, including accelerated depreciation and amortization $ (4.4) $ (1.8) Environmental remediation costs (2.0) (0.5) Reimbursement of previously incurred environmental costs 0.6 4.5 Impact on cost of sales (5.8) 2.2 Selling and administrative expense: Restructuring, legal and other 0.9 (1.3) Acquisition related costs (2.9) (3.3) Impact on selling and administrative expense (2.0) (4.6) Impact on operating income (7.8) (2.4) Other income, net 0.1 — Impact on income before income taxes (7.7) (2.4) Income tax benefit on above special items 2.0 0.9 Tax adjustments(2) (1.5) (1.1) Impact of special items on net income attributable to Avient Shareholders $ (7.2) $ (2.6) Diluted earnings per common share impact $ (0.08) $ (0.03) Weighted average shares used to compute adjusted earnings per share: Diluted 92.3 92.2 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results These costs are included in Corporate and eliminations.

Special items for the fourth quarter of 2022 had a $(0.42) impact on EPS and included acquisition-related costs that primarily consist of inventory step-up adjustments, restructuring costs, debt extinguishment costs, and a pension market-to-market adjustment. 2 On a pro forma basis, fourth quarter and full year adjusted EPS were $0.42 and $3.04, respectively, which excludes special items and intangible amortization expense, exceeding previous guidance of $0.33 and $2.95. 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. These costs are included in Corporate and eliminations.

These costs are included in Corporate and eliminations. Certain corporate costs previously allocated to DSS will be retained by PolyOne and have been recast as costs in continuing operations. The costs are now shown in Corporate and eliminations as follows: 2013 ($14.0M), 2014 ($14.7M), 2015 ($13.0M) and 2016 ($11.6M).

This, in turn, raises productivity and reduces system costs. Commercial Improvements Lower part costs improve margins and increase competitive edge. In addition, production costs increase, as rubber parts typically require deflashing and assembly using adhesives.