Avantor Investor Day Presentation Deck

Adjusted EBITDA margin expansion PRICING Disciplined sales execution MIX Differential segment growth + Growth of proprietary products VOLUME LEVERAGE Fixed cost leverage in manufacturing and supply chain + Tight SG&A control 3 OPERATING PRIORITIES PRODUCTIVITY Annual productivity driven by ABS + Sustained impact of cost-out initiative LONG-TERM TARGET Adj. EBITDA margin expansion: 50-100 bps per year Navantor™ 85

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