https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Personal
Values
INTEG
IT
Y
R
SP
ECT
H O N E S T Y
Core
Values
COLLABO
E
X
EL
LE
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INNOVATION
OUR CULTURE
1 Annual Report | 2021
2 0 2 1
Dear Avient Shareholders,
2021 was our first full year as Avient Corporation.
BEGGS Senior Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
/S/ ROBERT E.
ABERNATHY Director February 22, 2022
Robert E.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
Garratt 51 Senior Vice President, President of Performance Products and Solutions
Michael E.
Michael E.
JOHNSON
Vice President, Tax
MICHAEL E.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
A N N U A L R E P O R T 2 0 1 6P
A
R
2
PolyOne Corporation, with 2016 revenues of $3.3
billion, is a premier provider of specialized polymer
materials, services and solutions.
CONTROLS AND PROCEDURES
Disclosure controls and procedures
PolyOne’s management, with the participation of the Chief Executive Officer and the Chief Financial Officer, has
evaluated the effectiveness of the design and operation of PolyOne’s disclosure controls and procedures (as
defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of December 31, 2016.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most
recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely
to materially affect, the registrant’s internal control over financial reporting; and
5.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
FORCE MAJEURE
Chacune des parties pourra suspendre l'exécution du
présent contrat (sauf le paiement d'un Produit déjà
reçu) en cas de : (1) catastrophe naturelle, incendie,
inondation, ouragan ; (2) grèves, lock-out ou autre
perturbation industrielle ou émeute ; (3) guerre,
déclarée ou non ; (4) conformité avec tout(e) loi,
règlement, décret ou jugement, étranger ou interne, y
compris notamment toute restriction des licences
d'exportation, injonction de priorité, rationnement,
attribution ou préemption ou annulation de la licence
- 5 -
PAI-376900v1
the party having the difficulty, and the above
requirements for remedy of any force majeure with all
reasonable dispatch shall not require the settlement of
strikes or lockouts by acceding to the demands of the
employees involved, when deemed inadvisable by the
party having the labor difficulty.
11.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
El hecho de que el
Comprador no dé tal aviso dentro del plazo de
tiempo aplicable constituirá una renuncia
absoluta e incondicional de todos esos reclamos.
Si las partes no pueden ponerse de acuerdo e
implementar tales cambios dentro de los sesenta (60)
días calendario después de dicho aviso, el Vendedor
tendrá entonces el derecho de terminar este contrato
de inmediato mediante notificación escrita al
Comprador.
8.
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
Richardson
/S/ ROBERT E.
ABERNATHY
Robert E.
Goff, Robert E.
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Adjusted EBITDA from Specialty Applications
%
o
f
A
d
ju
st
d
E
B
IT
D
A
Commodity JV’s
Performance
Products &
Solutions
Distribution
Specialty
Businesses
Specialty Transformation Expands Margin Profile
(1) Pro forma for the acquisition of Clariant Color
(2) Pro forma for the acquisition of APM and divestiture of Distribution
0%
40%
80%
2005 2010 2015 2020PF(1) 2022PF(2)
7%
46%
66%
87%
Adjusted EBITDA Margins
����
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16.2%
11.5%
5.4%
2006 2018 2022PF(2)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2022 74Sustainability Report | 2022 74
Performance Overview
With the acquisition of Dyneema®, the world’s strongest fiber, and divestiture of Distribution, 2022 was a pivotal and progressive year for Avient and our vision to be a world-class, sustainable organization.
End Market Transformation(1)
2006 2022PF(2) 2006 2022PF(2)
Building &
Construction
Packaging
Consumer
57%
19%
58%
22%
14%
43%
9%
Defense
(1) End market revenue as a percent of total company revenues
(2) Pro forma for the acquisition of APM and divestiture of Distribution
Increased End Market Diversification Provides Sustained EPS Growth
Adjusted EPS Growth
2006 2018 2022PF(2)
$2.67
$0.14
$3.04
E
n
in
g
s
P
r
S
h
e
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2022 75Sustainability Report | 2022 75
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1Pro Forma to include full year of the Clariant Color business
(2)Pro Forma for the acquisition of APM and the divestiture of Distribution
Revenue from Sustainable Solutions* 2016–2022
Lightweighting
Eco-conscious
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Biopolymers
Recycle Solutions
VOC Reduction
2016 2017 2018 2019 2020PF(1) 2021 2022PF(2)
$790M
$550M
$405M
$455M
$340M
$915M
$1,175M
11% Organic CAGR
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8–12%
Sustainable
Solutions
As highlighted in our Products section, Avient has a highly
technical and broad portfolio of material solutions that help our
customers—and our planet—be more sustainable.
Preete
Retired Executive
Vice President,
Chief Strategy Officer,
Monsanto Company
Robert E.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Energy and Greenhouse Gas (GHG) Emissions
(continued from previous page)
Greenhouse Gas Emissions (MT Scope 1 &2)
Intensity (MT Scope 1 & 2 GHG/MT sales)
GHG Emissions
�
������
.44
.28
.30
.50
.40
.30
.20
.10
.32
2019 2020 2021 2022 2023
.28
118
Resulting in
13,000 MWh
Annual Savings
Energy Saving
Projects in
E
m
is
s
(M
)
E
m
is
s
In
te
ty
(M
G
/M
s
al
s)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 54
https://sciencebasedtargets.org/
https://www.cdp.net/en
Reducing Emissions Across Our Value Chain
Scope 3 emissions include upstream emissions from products and services we procure from suppliers, as well as downstream emissions from the transportation of our products and the emissions generated
from the use and disposal of our sold products.
Portfolio Transformation Provides Foundation for Sustainable Long-Term Growth
2006 2014 2023
10.9%
5.4%
16.0%
A
d
ju
st
d
E
B
IT
D
A
M
ar
g
in
%
Total Company Revenue
60%+
Key Growth
Drivers
Sustainable
Overlap
Composites, Healthcare,
Asia/LATAM
Other
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 66Sustainability Report | 2023 66
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
Revenue from Sustainable Solutions*Sustainable
Solutions
As highlighted in our Products section, Avient has a highly
technical and broad portfolio of materials solutions that help our
customers—and our planet—be more sustainable.
Preete
Retired Executive
Vice President,
Chief Strategy Officer,
Monsanto Company
Robert E.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Energy and Greenhouse Gas (GHG) Emissions
(continued from previous page)
Greenhouse Gas Emissions (MT Scope 1 &2)
Intensity (MT Scope 1 & 2 GHG/MT sales)
GHG Emissions
�
������
.44
.28
.30
.50
.40
.30
.20
.10
.32
2019 2020 2021 2022 2023
.28
118
Resulting in
13,000 MWh
Annual Savings
Energy Saving
Projects in
E
m
is
s
(M
)
E
m
is
s
In
te
ty
(M
G
/M
s
al
s)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 54
https://sciencebasedtargets.org/
https://www.cdp.net/en
Reducing Emissions Across Our Value Chain
Scope 3 emissions include upstream emissions from products and services we procure from suppliers, as well as downstream emissions from the transportation of our products and the emissions generated
from the use and disposal of our sold products.
Portfolio Transformation Provides Foundation for Sustainable Long-Term Growth
2006 2014 2023
10.9%
5.4%
16.0%
A
d
ju
st
d
E
B
IT
D
A
M
ar
g
in
%
Total Company Revenue
60%+
Key Growth
Drivers
Sustainable
Overlap
Composites, Healthcare,
Asia/LATAM
Other
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 66Sustainability Report | 2023 66
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
Revenue from Sustainable Solutions*Sustainable
Solutions
As highlighted in our Products section, Avient has a highly
technical and broad portfolio of materials solutions that help our
customers—and our planet—be more sustainable.
Preete
Retired Executive
Vice President,
Chief Strategy Officer,
Monsanto Company
Robert E.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520–%2520Goldman%2520Sachs%2520Conference%25202015.pdf
PolyOne Corporation Page 4
PolyOne Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• Steve Newlin
appointed, Chairman,
President and CEO
• New leadership team
appointed
• Implementation of four
pillar strategy
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Accelerating growth
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 5
Building &
10%
Electrical &
11%
9%
Distribution
28%
PP&S
52%
69%
13%
7% Asia
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 Billion
PolyOne
At A Glance
$13
$31
$46 $46
$92 $96
$122
$195
$242
2006 2007 2008 2009 2010 2011 2012 2013 2014
Specialty Operating Income ($M)
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65%
69%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 Q1 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $46M $87M $195M $242M $60M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 7
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
PolyOne Corporation Page 8
-100%
0%
200%
300%
400%
500%
600%
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 Adjusted EPS CAGR = 40%
Adjusted EPS Share Price vs.