Avantor Results Presentation Deck

1 Core Organic Growth & Adjusted EBITDA (Quarterly) (Dollars in millions) Total Avantor, Global GAAP consolidated net sales Core organic growth COVID Impact Organic growth M&A Impact FX Impact Reported net sales growth GAAP gross profit Adjustments for Ritter & Masterflex¹ Adjusted gross profit (non-GAAP) GAAP SG&A expense Amortization Acquisition/Integration-related expenses2,3 Purchase accounting adjustments Other stock-based compensation (expense) benefit Restructuring & Severance Charges5 Adjusted SG&A expense (non-GAAP) Other reconciliation items Depreciation Loss on Extinguishment of Debt Net foreign currency loss (gain) from financing activities Receipt of disgorgement penalty Total other adjustments Adjusted EBITDA (non-GAAP) Navantor™ 1Q21 $1,786 $ $90 117 $207 0 60 $267 $ 1Q21 613 $613 347 (68) (3) (1) (2) $273 21 5 1 % 5.9% 7.7% 13.5% 0.0% 4.0% 17.5% $27 % 34.3% 0.0% 34.3% 19.4% -3.8% -0.2% 0.0% 0.0% -0.1% 15.3% 1.2% 0.3% 0.0% 0.0% 1.5% $363 20.3% 2Q21 $1,859 $ $274 31 $305 0 75 $380 $ 2Q21 627 $627 (1) (0) $282 20 372 20.0% (67) (22) -3.6% -1.2% 0.0% 0.0% 3 1 % 18.4% 2.1% 20.5% 0.0% 5.2% 25.7% (13) $11 $367 % 33.7% 0.0% 33.7% 0.0% 15.2% 1.1% 0.2% 0.1% -0.7% 0.6% 19.7% 3Q21 $1,834 $ $136 27 $163 51 15 $229 $ 3Q21 616 (6) $622 (2) (0) $290 24 % 8.5% 1.7% 10.2% 3.2% 0.9% 14.3% 379 20.6% (76) -4.1% (11) -0.6% 0.0% -0.1% 0.0% 15.8% (1) $23 % 33.6% -0.3% 33.9% 1.3% 0.0% 0.0% 0.0% 1.3% $359 19.6% $ $82 (38) $44 92 (20) $117 $ 4Q21 $1,908 4Q21 648 $648 (0) (3) $293 24 4 0 434 22.7% (80) -4.2% (58) -3.0% 0.0% 0.0% -0.1% 15.3% $28 % 4.6% -2.1% 2.5% 5.2% -1.1% 6.5% $370 % 33.9% 0.0% 33.9% 1.2% 0.2% 0.0% 0.0% 1.5% 19.4% 1Q22 $1,950 $ $130 (39) $91 117 (43) $165 $ 1Q22 $690 690 35.4% 0.0% 35.4% 1 (2) $291 % 7.3% -2.2% 5.1% 6.6% -2.5% 9.2% 383 19.6% (92) -4.7% (4) -0.2% 0.2% 4 0.1% 22 2 0 $24 % $423 -0.1% 14.9% 1.1% 0.1% 0.0% 0.0% 1.2% 21.7% $ $118 (75) $42 91 (81) $52 2Q22 $1,911 2Q22 $ % 648 33.9% (14) -0.7% $661 34.6% 352 18.4% (68) -3.5% (3) -0.2% 0.0% 0.0% 0 (1) $281 % 6.4% -4.1% 2.3% 4.9% -4.4% 2.8% 22 6 1 $29 $404 0.0% 14.7% 1.1% 0.3% 0.0% 0.0% 1.5% 21.2% $ $141 (59) $82 47 (107) $22 $ 3Q22 $1,857 3Q22 % 35.0% 0.0% $651 35.0% 651 375 (80) (6) 2 (1) $289 21 3 (1) $23 % 7.8% -3.3% 4.5% 2.5% -5.8% 1.2% $384 20.2% -4.3% -0.3% 0.0% 0.1% -0.1% 15.6% 1.1% 0.2% -0.1% 0.0% 1.2% 20.7% 4Q22 $1,795 $ $52 (92) ($40) 14 (87) ($113) $ 4Q22 615 (1) $615 363 (79) (5) 0 $279 22 2 7 $31 % 2.7% -4.8% -2.1% 0.7% -4.5% -5.9% $360 % 34.2% 0.0% 34.3% 20.2% -4.4% -0.3% 0.0% 0.0% 0.0% 15.6% 1.2% 0.1% 0.4% 0.0% 1.7% 20.0% 4

View entire presentation