Venator Business Overview and Cost Savings Initiatives

1 Rapid and Dramatic TiO 2 Industry Downturn VENATOR Deteriorating macro environment led to decreased demand TiO2 CPI Volumes (Rebased) (1) 150% Demand Continued de-stocking of high inventory levels contributing to challenging start into 2023 125% 100% 75% Supply On the back of strong demand in 2018/19, TiO2 producers had increased supply Reduced demand has led TiO2 producers to moderate operating rates 50% 2017 2021 High/Low 2022 25% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Pricing Venator's selling prices softened in H2 2022 due to demand reduction, FX and intensified by inventory destocking CPI Price (2) 140% 120% Price levels in North America have proved more resilient than in Europe and APAC 100% 80% Feedstock price has increased significantly in 2022 60% 40% Feedstock ▶ Feedstock generally balanced for higher grade feedstocks with a limited supply base whilst sulfate ilmenite has more suppliers / availability 20% 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 1Q22 3Q22 7 (1) Rebased to Jan-22 TiO2 CPI volume (2) Includes FX impact and indexed to Q1 2018

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