Project Talent Discussion Materials Prepared for the Special Committee of the Board of Directors of Diversey Holdings, Ltd. February 22, 2023 Preliminary Draft Subject to Review and Significant Revision Exhibit (c)(xvi)

Preliminary Draft Subject to Review and Significant Revision 5.78 5.66 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 4.00 4.50 5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.00 10.50 11.00 11.50 12.00 12.50 13.00 13.50 14.00 2022-Jul-08 2022-Aug-08 2022-Sep-08 2022-Oct-08 2022-Nov-08 2022-Dec-08 2023-Jan-08 2023-Feb-08 Diamond Rolling 30D VWAP vs. Pearl’s Offers Premia Over Time 1 Diamond Rolling 30D VWAP Over Time (22-Jul – Current, $ per Share) Source: FactSet as of February 22, 2023 Effective Prices @ Previous 30D VWAP Offer Premiums Through Time 2023-Jan-11 Offer Premium of 60% (top of area) 2022-Aug-03 Offer Premium of 53% (line inside area) 2023-Feb-14 Offer Premium of 42% (bottom of area) Rolling 30D VWAP +60% Diamond Share Price +48% 7.75 7.50 Implied Pearl’s Offer Premia $ per Share 2022-Aug-03 2023-Jan-11 2023-Feb-07 2023-Feb-14 Today Pearl’s Offers 11.00 7.50 7.75 7.90 Latest Offer 7.90 Closing Price Day Prior to Offer 7.46 4.91 6.05 5.79 Current Share Price 5.66 Calculated Premium 47% 53% 28% 36% Calculated Premium 40% 30D VWAP @ Time of Pearl’s Offer 7.18 4.68 5.25 5.55 Current 30D VWAP 5.78 Calculated Premium 53% 60% 48% 42% Calculated Premium 37% +53% 11.00 Price per Share ($) Daily Shares Traded (‘000s) +42% 7.90

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