Deutsche Bank Global Industrials and Materials Summit

™ Trademark of Trinseo S.A. or its affiliates

2016 Deutsche Bank

Global Industrials and

Materials Summit

June 9, 2016


Introductions & Disclosure Rules

2

Introductions

• Chris Pappas, President & CEO

• David Stasse, Vice President, Corporate Finance & Treasury

Disclosure Rules

Cautionary Note on Forward-Looking Statements. This presentation contains forward-looking statements including, without limitation,

statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward- looking statements may be identified by the use of words like “expect,” “anticipate,” “intend,” “forecast,” “outlook,” “will,” “may,” “might,” “potential,” “likely,” “target,” “plan,” “contemplate,” “seek,” “attempt,” “should,” “could,” “would” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statementsrelate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, those discussed in our Annual Report on Form 10-K, under Part I, Item 1A — “Risk Factors” and elsewhere in that report. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this presentation are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

This presentation contains financial measures that are not in accordance with generally accepted accounting principles in the US (“GAAP”) including Adjusted EBITDA, Adjusted EBITDA excluding inventory revaluation, Adjusted Net Income (loss), and Adjusted EPS - Diluted. We believe these measures provide relevant and meaningful information to investors and lenders about the ongoing operating results of the Company. Such measures when referenced herein should not be viewed as an alternative to GAAP measures of performance. We have provided a reconciliation of these measures in the Appendix section of this presentation.

3

Performance Materials

Net Sales: $480MM

Adj EBITDA: $72MM

Adj EBITDA ex Inv Reval: $77MM

Basic Plastics & Feedstocks

Net Sales: $414MM

Adj EBITDA: $97MM


Latex

Net Sales: $209MM

Adj EBITDA: $19MM

Strategic Intent:

Grow EBITDA via technology leadership in

focused markets

Stable and consistent cash generation

Organic growth and possible bolt-on

acquisitions

Strategic Intent:

Generate cash via cost control and margin

improvement

Manage JVs for cash generation

No organic investment

Styrenic Polymers / Americas Styrenics

Polycarbonate / Sumika Styron PC

Feedstocks

Synthetic Rubber

Net Sales: $102MM

Adj EBITDA: $23MM

Performance Plastics

Net Sales: $169MM

Adj EBITDA: $30MM

Net Sales: $894MM

Adj EBITDA: $143MM


Adj EPS: $1.62

Note: Division and Segment Adjusted EBITDA and Adjusted EBITDA excluding inventory revaluation exclude Corporate Segment Adjusted EBITDA of $(25)MM. Totals may not sum due to rounding.

Trinseo Overview – Q1 2016

Q1 2016 Adjusted EBITDA

ex Inventory Revaluation

$153MM• Record performance with no fly-up

styrene margin contribution

Full Year 2016 Guidance

$570MM - $590MMAdjusted EBITDA ex Inventory Reval

• Assumes minimal full-year inventory reval

• Fly-up styrene margin is upside to this

guidance

Q1 2016

Free Cash Flow

$63MM• Record cash balance and total liquidity,

inclusive of $57MM spent on share

repurchase

Q2 2016 Guidance

$140MM - $150MMAdjusted EBITDA ex Inventory Reval

• Slightly favorable inventory reval

expected

• Styrene margins increasing from Q1 due

to planned, seasonal outages

Gu

ida

nc

eR

esu

lts

Key Points

• Secondary stock sale with TSE participation

• TSE used $57 million to purchase 1.6 million shares

• Significantly increased public float

• Proxy filing seeks authorization for equity distributions and share repurchase

• Authorization for TSE Board to declare distributions; plan to begin later in 2016 at $1.20 per year

• Authorization for 4.5 million share repurchase over next 2 years under guidelines to be established by the Board

4

217

~320

550/580

2012 2013/14 2015/16

Very Weak

Very Weak

OK

Solid

5

Trinseo Value Progression

Adj EBITDA ($MM)

(1) 2013 and 2014 Adjusted EBITDA ex. inventory reval was $318 million and $326 million, respectively.

(2) Assumes midpoint of May 2016 guidance of $570 million to $590 million for full year 2016.

Portfolio

Styrene Margin

PC Margin

JV Performance

Perf Materials

Rebounding

Very Weak

Rebounding

Solid

Sustained Strength

Recovering

Strong

Solid

Actions

Costs

CapEx

Cap Structure

Control

Control

144A Bonds / IPO

Control

Control

Chem Public Co

Reduce

Cut

LBO

ex. Inventory Reval

(1)

(2)

Balance Sheet and Cash Flow

6

Liquidity ($MM)

Net Leverage(3)

(1) Free Cash Flow = cash from operating activities + cash from investing activities – change in restricted cash. 2015 value of $316MM excludes a call premium of approximately $69MM. 2014 value of $81MM

excludes approximately $56MM of termination fees for Latex JV Option and Bain Advisory Agreement.

(2) A/R Securitization facility commitment of $200MM ($133MM available at Q1’16) and Revolving Credit facility commitment of $325MM ($312MM available at Q1’16). NOTE: Totals may not sum due to rounding.

(3) Net Leverage = (Total Debt – Cash & Cash Equivalents) / LTM Adjusted EBITDA

Summary

• Q1 free cash flow of $63 million

• Full year 2016 free cash flow guide of $290 million

ex changes in working capital

Unused Borrowing

Facilities(2)

Cash & Cash

Equivalents

Free Cash Flow ($MM)(1)

$81

Call premium

related to

refinancing

$883

$431

$363

$431

$170

$25

$247 $294

$56

$69

$69

2013 2014 2015 Q1'16 LTM

$316

4.1x 3.8x

1.6x 1.5x

2013 2014 2015 Q1'16

$438

$445

Q1'16


Appendix

Latex

Key Highlights

3% year-over-year volume growth

$5 million annual cost savings initiative achieved 1st half

2016, others ongoing

Evaluating asset footprint

North America

− Gales Ferry, CT plant closure end of 2015

− Increased utilization rates

− Improving margins via price increases

Deliver consistent results

– Grow Asia, carpet, performance latex

– Leverage cost-advantaged position to minimize

coated paper volume declines in North America /

Europe

8

Volume / EBITDA Margin

Business Overview Strategy

1,210 1,193 1,233

8% 8%8%

0%

2%

4%

6%

8%

10%

12%

400

500

600

700

800

900

1,000

1,100

1,200

1,300

2013 2014 2015

Ad

juste

d E

BIT

DA

Marg

in

MM

lbs

Trade Volume Adjusted EBITDA Margin

9

Source: IHS. Europe: Western Europe + Central Europe; Asia: Northeast Asia + Southeast Asia.

Note: Totals may not sum due to rounding.

Europe

North America

Asia

Total Capacity: 898kMT Total Capacity: 1,710kMT

Total Capacity: 477kMT

SB Latex Capacity

Trinseo30%

BASF SE26%

Synthomer19%

Other25%

Trinseo35%

OMNOVA Solutions

44%

BASF Corp.14%

Other7%

BASF SE10%

Nippon A & L10%

JSR 8%

Gao Qiao BASF Dispersion 6%

LG Chem 5%

Rizhao Kumho Jinma4%

Kumho Petrochemical

4%

Trinseo 4%

Asahi Kasei Chem. 3%

Shin Foong3%

Others 42%

Focused on high performance tire market

− Growing 2-3 times standard tire market

Mix shift toward premium products

− Enhanced SSBR as % of SSBR

– 38% 2012 → 57% 2015

Record sales volume in 2015

− 24% year-over-year growth in enhanced SSBR

Completed conversion of nickel to neodymium-PBR

Financial Overview

Shifting Volume Mix

10

Key Highlights

Synthetic Rubber

523 568

601

18%

22%20%

0%

5%

10%

15%

20%

25%

30%

0

100

200

300

400

500

600

2013 2014 2015

Ad

jus

ted

EB

ITD

A M

arg

in

MM

lbs


30%38%

45% 48%

0%

25%

50%

75%

100%

2012 2013 2014 2015

ESBR PBR-Li PBR-Ni SSBR

ESBR ESBR

Li-PBRLi-PBR

Ni-PBRNi-PBR

Base SSBR

Base SSBR

Enhanced SSBR

Enhanced SSBR

2012A 2015A

740 730

830

190 300

410

930

1,030

1,240

0

200

400

600

800

1,000

1,200

1,400

2010A 2015E 2020E

Standard (<=16") Premium (>=17")

Global Premium Passenger Car Tires Trinseo Synthetic Rubber Volume Mix Shift

Source: Global Insight, LMC Automotive.

Well Positioned to Benefit from Premium Tire Growth Doubled SSBR Capacity Since 2012

SSBR

Target

End-

market

Higher

Margin

Lower

margin

Being

converted

to higher

margin

Nd-PBR

2010 – 2020

CAGR

2.9%

8.0%

1.2%

11

MM

Synthetic Rubber – Focus on SSBR

Bridg/Firestn

56%

Lanxess16%

ASRC13%

DYNASOL13%

Goodyear3%

12


Note: Europe excludes 170kMT of Michelin captive capacity. Totals may not sum due to rounding.

Europe

North America

Asia

Total Capacity: 285kMT Total Capacity: 840kMT


SSBR Capacity

Asahi Kasei Chem.19%

Nippon Zeon11%

Kumho Petrochemi

cal10%JSR

7%LG Chem

7%

Others46%

Trinseo60%Synthos

S.A.16%

Lanxess14%

Versalis S.p.A.11%

Sustainable, long-standing relationships with automotive,

consumer electronics, lighting, and medical industry

leaders

Production on four continents drives OEM platform design

wins

Record 2015 Adjusted EBITDA

4% year-over-year segment volume growth in 2015

excluding Latin America

CEM volume up 9% in 2015

Compounds and blends business focused on automotive

and consumer electronics, lighting, and medical

applications (CEM)

Differentiated products in line with key industry trends

such as auto light-weighting, aesthetics, recycled material

content

13

Business Overview Strategy

Volume / EBITDA Margin Key Highlights


579 580 590

7%8%

11%

0%

5%

10%

15%

20%

25%

300

400

500

600

2013 2014 2015

Ad

jus

ted

EB

ITD

A M

arg

in

MM

lbs


200

350

0

100

200

300

400

2014E 2020E

Kg

Avg. Car Plastic Components903 930 957 986 1,015 1,045

178 190 203 216 230 246

390 517

607 721

867

1,054

159

170

183

200

220

247

0

500

1,000

1,500

2,000

2,500

3,000

2014E 2015E 2016E 2017E 2018E 2019E

Kto

ns

Electrical Medical Connected Devices LED

14

2014 – 2019

CAGR

9.7%

9.2%

6.6%

22.0%

3.0%

Situated to Capitalize on Consumer Essential Markets and Vehicle Light Weighting Initiatives

Global Growth Trends in Consumer Essential Markets Weight Reduction in Automotive Design and Manufacture

Source: Roland Berger; IHS.

Average Plastic Content per Vehicle


Longer term trend toward higher styrene operating rates

and margins

− Aging industry asset base

− Demand growth forecasted to be higher than supply

growth over next five years

− Global operating rates in mid 80s

Polycarbonate

− Full-year impact of restructuring savings in 2015

− Market improvement

– Operating rates have increased to over 80%

– Significant margin expansion 2014 to 2016

– $100 / MT margin = $15MM EBITDA

15

Polycarbonate Margins & Operating Rates (a) Key Highlights

Styrene Margins(a) Americas Styrenics JV

Source: IHS/Trinseo

(a) Margins for Western Europe.

Basic Plastics & Feedstocks

$776

$174

$265 $227

$521

78%

76%75%

77%

80%+

2011 2012 2013 2014 2015

Glo

ba

l Op

era

ting

Rate

s

W E

uro

pe

Ma

rgin

US

D/M

T

Western Europe Margin Global Op Rates

$40 $45

$70

$250

$68 $78

$106

$283

2012 2013 2014 2015

$M

M

Distributions EBITDA

0

100

200

300

400

500

600

US

D/M

T

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Sty

ren

e M

arg

in -

US

D/M

T

US

D/M

T

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

Sty

ren

e M

arg

in -

US

D/M

T

US

D/M

TWestern Europe and Asia Styrene Margin Trends

16

Western Europe Margin

Asia Margin

Q1 to Q2

-$75/MT

Q1 to Q2

+$75/MT

Source: IHS/Trinseo. (1) Styrene: W. Europe Contract Monthly Market (Delivered W. Europe); Benzene: 50% W. Europe Spot Avg (CIF NW Europe / Basis ARA) and 50% W. Europe Contract – Market (FOB/CIF W.

Europe); Ethylene: W. Europe Contract – Market Pipeline (Delivered W. Europe). (2) Styrene: NE Asia Avg Spot Posting (CFR China); Benzene: NE Asia Spot Avg (FOB S. Korea); Ethylene: NE Asia Spot Avg (CFR

NE Asia). Margin: Styrene less 80% * Benzene less 30% * Ethylene.

Styrene

EthyleneBenzene

SM Margin

Styrene

Ethylene

Benzene

SM Margin

17

Capacity by Region(1)

Source: IHS/Trinseo. Europe: Western Europe + Central Europe; Asia: Northeast Asia + Southeast Asia.


(a) 50% / 50% joint venture between Trinseo and Chevron Phillips Chemical Company.

Total Capacity: 5,455kMT



Europe

Asia

North America

Styrene Monomer Capacity

Trinseo15%

Lyondell/Bayer12%

Total PC11%

Versalis S.p.A.11%

Ellba10%

BASF SE10%

Styrolution9%

Other22% Styrolution

28%

LyondellBasell21%

Cosmar19%

Americas Styrenics

18%

Other14%

FCFC7%

Asahi Kasei Chem.4%

LG Chem4%Secco

4%Hanwha Total PC

4%

CNOOC & Shell PC4%

ZRCC/Lyondell JV4%

Other69%

18

Source: IHS/Trinseo

9,110kt's

6,699kt's

8,396kt's 8,917kt's

30+ Years 20 - 30 Years 10 - 20 Years Less than 10 Years

Global Styrene Capacity (33,122kt's)28%

20%

25%27%

2,035kt's

1,100kt's

2,040kt's

30+ Years 20 - 30 Years 10 - 20 Years

Western Europe Styrene Capacity (5,175kt's)

39%

21%

39%

1,040kt's

4,074kt's

3,055kt's

7,042kt's

30+ Years 20 - 30 Years 10 - 20 Years Less than 10 Years

Northeast Asia Styrene Capacity (15,211kt's)

7%

27%

20%

46%

Styrene Plant Ages

19

Source: IHS.

Note: Totals many not sum due to rounding.

Demand by Product Demand by Region

Styrene Demand

Polystyrene37%

Expandable PS21%

ABS Resins16%

S.B. Latex5%

Unsat. PE Resins

5%

S.B. Rubber4%

Other12%

Northeast Asia53%

Western Europe

16%

North America

14%

Southeast Asia5%

Other12%

20

North

America

Europe

Asia

Pacific400kta

1,700kta

500kta

100kta300kta From U.S.

South

America

Middle East

Africa

Based on 2015 Forecast

Global SM Capacity: 33 MM MT

Global SM Demand: 28 MM MT

Average Operating Rate: 84%

NameplateCapacity

Demand

Actual Production

Balance

Approx 3.2MM mt intercontinental

flow ≈ 11% SM demand

17,200 16,70014,400

-2,300

5,9004,000 5,200

1,200

700 900 500

-400

6,200 5,400 5,000

-400

3,100 1,000 2,800 1,800

Global Styrene Trade Flows 2015

Major SM Flow ME to Asia/Pacific

ME raw material advantaged “proxy” production base for China

0.1%

1.2%

Supply2015 - 2020 CAGR

Demand2015 - 2020 CAGR

2015 - 2020 Supply vs Demand

Other

Bldg & Construction

Consumer Products

Electronics/ Appliances

Packaging

0%

25%

50%

75%

100%

2015 - 2020 CAGR

Dem

an

d b

y M

ark

et

CAGR

Global Supply / Demand

21



Total Capacity: 2,192kMT Total Capacity: 7,921kMT

Global Demand

Capacity by Region

Europe Asia

Polystyrene

0.5%

2.0%

1.0%

1.8%

0.8%

1.2%

Styrolution29%

Trinseo20%Total PC

13%

Versalis S.p.A.13%

Other25%

FCFC7%

Jiangsu Laidun

6%

Zhenjiang ChiMei

6%

Rentai Chemical

5%

Trinseo4%

Toyo Styrene4%

PS Japan4%

Huizhou Renxin PS

4%Secco 4%

Other56%

50% / 50% JV with CP Chem formed in 2008

– $1.6 billion revenue in 2015

Leading N.A. producer of styrene and polystyrene

– Second largest polystyrene producer in N.A.

– Fourth largest styrene producer in N.A.

– Also produces HIPS and GPPS products

22

EBITDA / Distributions Key Highlights

Business Overview North America Polystyrene Capacity(a)

Source: IHS.


(a) Polystyrene Capacity for North America. 2015 Total Capacity: 2,579kMT.

2014 Summary

– EBITDA margins increased by 160bps over prior year

– 2014 record EBITDA

– $87MM of free cash flow

– $70MM of distributions to owners

– $50MM of JV equity income

2015 Summary

– $250MM of distributions to owners

– $135MM of JV equity income for TSE

Americas Styrenics JV

Americas Styrenics29%

Styrolution29%

Total PC26%

Other16%

$40 $45

$70

$250

$68 $78

$106

$283

2012 2013 2014 2015

$M

M

Distributions EBITDA

23

Source: IHS.


Demand by RegionDemand by Market

Polystyrene Demand

Packaging -one time use

38%

Electronics / Appliances

30%

Consumer Products

13%

Building / Construction

8%

Other10%

Northeast Asia38%

North America20%

Western Europe

14%

Middle East6%

South America6%

Southeast Asia5%

Other11%

Covestro14%

Teijin11%

Formosa Idemitsu

8%

Samsung SDI7%

Thai Polycarbonate7%

LG Polycarbonate7%

Teijin Polycarb6%

Chi Mei-Asahi6%

Bayer Poly Shanghai

5%

Sumika Styron PCB

(SSPC)3%

Others26%

SABIC Plastics

40%

Covestro47%

Trinseo13%

24

Europe: Western Europe + Central Europe; Asia: Northeast Asia + Southeast Asia.; (1) IHS/Trinseo; (2) Frost & Sullivan. SSPC is a 50% / 50% venture with Sumika; NOTE: Totals may not sum due to rounding.

Increasing Margins with Operating Rate(1) Increasing Operating Rate


Capacity by Region(1)

Europe Asia


North America


Polycarbonate

$776

$174

$265 $227

$521

78%

76%75%

77%

80%+

2011 2012 2013 2014 2015

Glo

ba

l Op

era

ting

Rate

s

W E

uro

pe

Ma

rgin

US

D/M

T

Western Europe Margin Global Op Rates

2%

5%

Supply2014 - 2019 CAGR(1)

Demand2014 - 2019 CAGR(2)

Rising Operating Rate from 2014 to 2019

SABIC Plastics

70%

Covestro30%

25

Source: IHS.


Demand by RegionDemand by Market

Polycarbonate Demand

Electronics/Electrical21%

Sheet/Film20%

Appliances/Housewares13%

Automotive (Non-Window)

13%

Optical Media12%

Packaging5%

Other16%

Northeast Asia53%

North America14%

Western Europe13%

Southeast Asia6%

Other14%

26

Historical Polycarbonate Margins

Source: IHS

Polycarbonate GP Western Europe Margin

(500)

-

500

1,000

1,500

2,000

2,500

3,000

US

D/M

T

27

Historical Styrene Margins

Source: IHS

Styrene Western Europe Margin

0

100

200

300

400

500

600

700

US

D/M

T

Other16%

Appliances9% Automotive

14%

Building & Construction /

Sheet14%

Carpet & Turf5%

Consumer Electronics

5%Packaging

8%

Paper & Paperboard

17%

Tires / Rubber Goods

12%

Europe60%

United States14%

Asia Pacific22%

Other4%

28

Sales by End Markets Sales by Geography

Revenue Composition

Ability to Capture Margins Throughout the Value Chain

Connected Across the Value Chain with End-Market

Diversification

Feedstocks

Trinseo End-Markets

Trinseo Products

Pygas

Cracker

Propylene

Crude C4 Butadiene

Benzene

Cumene Bisphenol A

Ethylene Styrene

Latex

Compounds

& Blends

Synthetic

Rubber

Polystyrene

ABS/SAN

PolycarbonateACN

Polyprop.

Other Raw

Materials

Paper/Carpet

Automotive

Appliances

Consumer

electronics

Tires

Construction

Packaging

22%

14%

9%

5%

12%

14%

8%

% sales (a)

Other Purchased Raw Materials

29

(a) 2015 net sales by end market; excludes other end markets representing 16% of business.

US GAAP to Non-GAAP Reconciliation

30

NOTE: Totals may not sum due to rounding.

(in $millions, unless noted) Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 2013 2014 2015

Net Income (Loss) 17.1 (44.6) (10.1) (29.7) 37.7 0.8 52.1 43.1 76.7 (22.2) (67.3) 133.6

Interest expense, net 32.8 32.6 30.1 29.4 28.9 25.6 19.5 19.3 18.9 132.0 124.9 93.2

Provision for (benefit from) income taxes 12.8 5.5 3.7 (2.1) 17.9 7.5 21.2 23.6 21.9 21.8 19.7 70.2

Depreciation and amortization 23.7 27.1 27.8 24.9 22.5 21.7 23.0 29.5 23.2 95.2 103.7 96.8

EBITDA 86.4 20.6 51.5 22.5 107.0 55.6 115.8 115.5 140.7 226.8 181.0 393.8

Loss on extinguishment of long-term debt - - 7.4 - - 95.2 - - - 20.7 7.4 95.2

Other non-recurring items - 32.5 1.9 3.9 1.3 0.6 0.3 - 1.8 0.8 38.4 2.2

Restructuring and other charges 0.5 2.1 0.8 6.6 0.5 (0.1) 0.1 0.2 0.7 10.8 10.0 0.8

Net (gains) / losses on dispositions of businesses and assets - - - (0.6) - - - - - 4.2 (0.6) -

Fees paid pursuant to advisory agreement 1.2 24.2 - - - - - - - 4.7 25.4 -

Asset impairment charges or write-offs - - - - - - - - - 9.9 - -

Adjusted EBITDA 88.1 79.4 61.6 32.4 108.8 151.3 116.2 115.7 143.2 277.9 261.6 492.0

Inventory Revaluation (5.6) (2.6) 0.8 71.8 42.1 (29.4) 28.3 17.3 9.7 40.4 64.4 58.3

Adjusted EBITDA Ex Inv Reval 82.5 76.8 62.4 104.2 150.9 121.9 144.5 133.0 152.9 318.3 326.0 550.3

Adjusted EBITDA to Adjusted Net Income

Adjusted EBITDA 88.1 79.4 61.6 32.4 108.8 151.3 116.2 115.7 143.2 277.9 261.6 492.0

Interest expense, net 32.8 32.6 30.1 29.4 28.9 25.6 19.5 19.3 18.9 132.0 124.9 93.2

Provision for (benefit from) income taxes - Adjusted 12.0 10.1 5.4 1.8 18.3 25.5 22.3 18.7 22.4 28.4 29.4 84.9

Depreciation and amortization - Adjusted 23.7 25.8 25.6 24.5 22.3 21.6 22.1 23.4 22.6 95.2 99.6 89.3

Adjusted Net Income 19.6 10.9 0.5 (23.3) 39.3 78.6 52.3 54.3 79.3 22.3 7.7 224.6

Wtd Avg Shares - Diluted (000) 37,270 38,912 50,063 48,770 48,851 48,907 48,989 49,067 49,086 37,270 43,476 48,970

Adjusted EPS - Diluted ($) 0.53 0.28 0.01 (0.48) 0.80 1.61 1.07 1.11 1.62 0.60 0.18 4.59

Adjustments by Statement of Operations Caption

Loss on extinguishment of long-term debt - - 7.4 - - 95.2 - - - 20.7 7.4 95.2

Selling, general and administrative expenses 1.7 26.3 2.7 10.5 1.8 0.5 0.4 0.2 2.5 25.5 41.3 3.0

Other expense (income), net - 32.5 - (0.6) - - - - - 4.9 31.9 -

Total EBITDA Adjustments 1.7 58.8 10.1 9.9 1.8 95.7 0.4 0.2 2.5 51.1 80.6 98.2

Selected Segment Information

31

NOTE: Totals may not sum due to rounding.

(in $millions, unless noted) Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 2013 2014 2015 Q1'16 LTM

Latex 299 295 309 289 305 312 307 308 299 1,210 1,193 1,233 1,227

Synthetic Rubber 155 142 136 135 162 153 152 134 146 523 568 601 585

Performance Plastics 144 147 145 145 150 150 144 146 143 579 581 590 583

Performance Materials 598 584 591 569 617 616 603 588 588 2,312 2,342 2,423 2,394

Basic Plastics & Feedstocks 746 743 725 654 793 708 724 690 764 2,810 2,867 2,915 2,885

Trade Volume (MMLbs) 1,344 1,327 1,315 1,223 1,411 1,323 1,327 1,277 1,352 5,122 5,210 5,339 5,280

Latex 326 321 328 286 238 248 255 226 209 1,341 1,261 966 937



Performance Materials 705 695 691 624 565 548 561 510 480 2,771 2,716 2,184 2,099Basic Plastics & Feedstocks 654 645 614 498 454 480 467 387 414 2,536 2,412 1,788 1,748

Net Sales 1,359 1,341 1,305 1,122 1,018 1,029 1,028 897 894 5,307 5,128 3,972 3,848

Latex 26 27 26 18 21 15 24 18 19 106 97 79 76



Performance Materials 87 81 72 65 73 55 66 61 72 281 304 255 254

Basic Plastics & Feedstocks 23 16 4 (12) 59 122 70 75 97 103 31 327 364

Corporate (21) (17) (15) (20) (23) (25) (21) (20) (25) (107) (73) (90) (92)

Adjusted EBITDA 88 79 62 32 109 151 116 116 143 278 262 492 526

Performance Materials 82 80 73 85 93 48 72 71 77 304 319 284 268

Basic Plastics & Feedstocks 22 13 4 40 81 99 93 83 101 121 79 356 376

Corporate (21) (17) (15) (20) (23) (26) (21) (20) (25) (107) (73) (90) (92)

Adjusted EBITDA excl Inv Reval 83 77 62 104 151 122 144 133 153 318 326 550 552

Basic Plastics & Feedstocks 15 5 9 18 37 41 33 29 35 39 48 140 138

Equity in earnings (losses) of affiliates 15 5 9 18 37 41 33 29 35 39 48 140 138

Date post:	21-Jan-2017
Category:	Investor Relations
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Deutsche Bank Global Industrials and Materials Summit

Investor Relations