Trinseo Q4 Repor 2022

Q4 2022 Results

• Net loss from continuing operations of $364 million and Adjusted EBITDA* of $6 million; net
loss included a non-cash goodwill impairment of $297 million
• Limited sequential improvement in macroeconomic conditions; however, Adjusted EBITDA*
improved sequentially aided by asset operating decisions
• Volumes challenged in most applications but especially in building & construction, wellness,
consumer durables and electronics due to economic uncertainty and customer destocking

Europe
– Elevated energy prices and economic
uncertainty led to continued destocking and
overall weak demand for most products
– Lower cost imports from Asia placing additional
pressure on volume
U.S.
– Lower demand and destocking mainly in
building & construction, consumer durables
– Modest demand improvement in automotive as
production constraints ease
– Steady demand in packaging and medical
Asia
– Lower demand for consumer electronics and
durables partially offset by higher sales to
automotive applications

Modest improvement in Latex Binders from seasonality and pricing actions