https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
Investing in Innovation — Specialty companies invest to grow, so we ensure our
resources are concentrated on material science for high-growth end markets, poised for
value creation in the long term.
It’s important to note that future revenue synergies through increased innovation and
commercial excellence are not part of these estimates and will represent additional
growth over the long term.
In the near term we expect substantial earnings and cash flow gains as we emerge from the COVID-19
pandemic.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
We offer payment terms to our customers that are competitive.
Under the terms of
the amended senior secured term loan, the margin was reduced by 25 basis points to 175 basis points.
Under the terms of
the amended senior secured term loan, the margin was reduced by 25 basis points to 175 basis points.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Long-Term Incentive.
The SARs have an exercise term of ten
years.
Patterson’s
outstanding long-term incentive awards will continue to vest in accordance with their terms in
connection with his continued employment as Special Advisor.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Under
the terms of the amended senior secured term loan, the margin was reduced by 25 basis points to 275 basis points.
Under
the terms of the amended senior secured term loan, the margin was reduced by 25 basis points to 275 basis points.
Short-term investments in
common collective funds represent cash and other short-term investments.
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
Khandpur added, “Despite the near-term uncertainties in the macro environment, we remain
focused on what we can control: staying close to our customers and executing our strategy.
Building off our strong performance in 2024, I remain optimistic in our team’s ability to achieve
the long-term financial targets we shared at Investor Day last December.”
3
Webcast Details
Avient will provide additional details on its 2024 fourth quarter and full year results, as well as its
2025 full year outlook during its webcast scheduled for 8:00 a.m.
They use words such as "will," "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," and other words and terms of similar meaning in connection
with any discussion of future operating or financial condition, performance and/or sales.
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
We offer payment terms to our customers that are competitive.
Under the terms of
the amended senior secured term loan, the margin was reduced by 25 basis points to 175 basis points.
Under the terms of
the amended senior secured term loan, the margin was reduced by 25 basis points to 175 basis points.
https://www.avient.com/sites/default/files/2024-02/CAI W_C Colorants and Additives for TPU Product Bulletin _A4.pdf
The inclusion of these additives
can help a cable to pass flame resistance tests,
even if the resin originally used is not flame
retardant
• Cesa™ Light Additives: UV light stabilizers that
improve weather resistance and provide long
term protection against weather degradation
• Semi-conductive TPU formulations to
enhance cable performance
• Cesa™ Laser Additives: Includes laser-marking
additives for durable cable marking.
They
provide excellent contrast for dark or light
colors with high resistance to external friction
or chemicals
• Smartbatch™ Combination Colorants &
Additives: Combines colorants and
performance enhancing additives in a single
formulation for easier dosing. e.g., long-term
light stabilization additive and custom color
in one pellet.
https://www.avient.com/sites/default/files/resources/Forward%2520Looking%2520Statements%2520and%2520Non%2520GAAP%2520Measures.pdf
They use words such as “will,” “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial
performance and/or sales
In addition, operating income
before special items is a component of various PolyOne annual and long-term
employee incentive plans
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Investing in Innovation — Specialty companies invest to grow, so we ensure our
resources are concentrated on material science for high-growth end markets, poised for
value creation in the long term.
Whether it’s an ambitious start-up bringing a new product to market, or a large, multi-
national OEM looking for consistency and reliability of global supply, Avient is built for
long-term partnerships.
That’s Avient.
21,000+
CUSTOMERS
>75%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
6
AV I E N T ’ S VA LUE C R E AT I O N L E V E R S
7
Exposure to high growth end markets
Investment in commercial resources and innovation
Strong free cash flow generation / capital deployment
Clariant Masterbatch synergies
COVID recovery
Re-Rating: Current share price valuation
Avient is poised for near-term and long-term
shareholder value creation.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
They use words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,”
“plan,” “believe,” and other words and terms of similar meaning in connection with any discussion
of future operating or financial condition, performance and/or sales.
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
ASSETS
Current assets:
Cash and cash equivalents $ 601.2 $ 649.5
Accounts receivable, net 642.3 516.6
Inventories, net 461.1 327.5
Other current assets 128.1 108.5
Total current assets 1,832.7 1,602.1
Property, net 676.1 694.9
Goodwill 1,286.4 1,308.1
Intangible assets, net 925.2 1,008.5
Operating lease assets, net 74.1 80.9
Other non-current assets 208.4 176.0
Total assets $ 5,002.9 $ 4,870.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 8.6 $ 18.6
Accounts payable 553.9 471.7
Current operating lease obligations 24.2 25.1
Accrued expenses and other current liabilities 359.6 285.6
Total current liabilities 946.3 801.0
Non-current liabilities:
Long-term debt 1,850.3 1,854.0
Pension and other post-retirement benefits 100.0 115.0
Deferred income taxes 100.6 140.0
Non-current operating lease obligations 50.1 56.0
Other non-current liabilities 165.1 192.8
Total non-current liabilities 2,266.1 2,357.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,774.7 1,697.1
Noncontrolling interest 15.8 14.6
Total equity 1,790.5 1,711.7
Total liabilities and equity $ 5,002.9 $ 4,870.5
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
Operating activities
Net income $ 230.6 $ 133.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 144.2 111.8
Accelerated depreciation 1.7 3.2
Share-based compensation expense 11.2 11.3
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (143.1) (4.6)
(Increase) decrease in inventories (139.5) 40.2
Increase in accounts payable 95.3 78.4
(Decrease) increase in pension and other post-retirement benefits (10.9) 30.7
Increase in post-acquisition earnout liabilities — 1.0
Increase (decrease) in accrued expenses and other assets and liabilities, net 44.3 (3.7)
Taxes paid on gain on divestiture — (142.0)
Payment of post-acquisition date earnout liability — (38.1)
Net cash provided by operating activities 233.8 221.6
Investing activities
Capital expenditures (100.6) (63.7)
Business acquisitions, net of cash acquired (47.6) (1,380.2)
Net proceeds from divestiture — 7.1
Other investing activities (2.0) 5.2
Net cash used by investing activities (150.2) (1,431.6)
Financing activities
Debt offering proceeds — 650.0
Purchase of common shares for treasury (4.2) (22.4)
Cash dividends paid (77.7) (71.3)
Repayment of long-term debt (18.5) (7.8)
Payments on withholding tax on share awards (10.7) (2.3)
Debt financing costs — (9.5)
Equity offering proceeds, net of underwriting discount and issuance costs — 496.1
Payment of acquisition date earnout liability — (50.8)
Other financing activities (3.5) —
Net cash (used) provided by financing activities (114.6) 982.0
Effect of exchange rate changes on cash (17.3) 12.8
Decrease in cash and cash equivalents (48.3) (215.2)
Cash and cash equivalents at beginning of year 649.5 864.7
Cash and cash equivalents at end of year $ 601.2 $ 649.5
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and
administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation
costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by
the chief operating decision maker.
In addition, operating income before the effect of special items is
a component of Avient annual and long-term employee incentive plans and is used in debt covenant computations.