https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
For parents who qualify for short-term disability wage replacement (STD) benefits, Paid Parental Leave benefits can be taken after the STD benefits have been exhausted.
As certain chemicals are required to be replaced, our customers need more sustainable alternatives to meet or exceed the performance requirements of their applications.
HIGHLIGHTS from 2023: Key Markets Key Customer Challenges • Improve fuel economy • Reduce energy consumption • Reduce carbon footprint • Lessening environmental impact Avient Solutions & Services • Specialty solutions designed to replace traditional materials (e.g. metal, wood) at lower weight • Alternative solutions to reduce emittance of volatile organic compounds • Lightweighting design and solutions to reduce material usage • Avient Design Services to reduce weight or energy consumption REDUCE Consumer Transportation Building & Construction 20% LESS MATERIAL Lightweight Dashboards Hydrocerol™ Chemical Foaming Agents LEARN MORE REDUCES VOCs SmartBatch™ FX for Body & Trim Paint Replacement LEARN MORE 59% Air Cargo Nets Bio-Based Dyneema® Fiber LEARN MORE SUSTAINABLE DESIGN Design for Lightweighting Avient Design Services LEARN MORE LESS WEIGHT 60% EV Connectors Edgetek™ PKE Non-Halogen Flame Retardant Formulations LEARN MORE40% LED Lighting Components Therma-Tech™ Thermally Conductive Formulations LEARN MORE LESS CO2 THAN NYLON LIGHTER THAN ALUMINUM LEARN MORE Avient Sustainability HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 43Sustainability Report | 2023 43 https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fx-paint-replacement-0 https://www.dyneema.com/sustainability/bio-based-dyneema-fiber https://www.avient.com/resource-center/services/avient-design https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations/edgetek-pke-polyketone-formulations https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations https://www.avient.com/company/sustainability/sustainable-solutions-portfolio PRESERVE Avient’s portfolio of PRESERVE sustainable solutions are designed to preserve natural resources like water, protect human health and safety, and enable sustainable infrastructure.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
Seller shall replace, free of charge, any Products which do not conform to these specifications in one or several deliveries.
https://www.avient.com/sites/default/files/2023-06/Omnicolor Brochure.pdf
Calculate using Let Down Percentage: Cost/lb of Concentrate x (Let Down Percentage/100) = Coloring Cost Calculate using Let Down Ratio: Cost/lb of Concentrate – Cost/lb of Resin Let Down Ratio +1 = Coloring Cost TWO WAYS TO CALCULATE COLORING COSTS OMNICOLOR™ TROUBLESHOOTING TWO WAYS TO CALCULATE COLORING COSTS SYMPTOM CAUSE REMEDY Color Variation Shot-to-Shot Poor Omnicolor preblending Pigment has insufficient thermal stability More thorough blending Ensure correct machine temperature control Screw Slip Premature melting of Omnicolor Excessive addition rate Reduce heat in feed zone Check addition rate and reduce if necessary Overall Good Distributive Mixing With Streaks or Dots of Another Color Poor pigment dispersion in concentrate Return concentrate for replacement Black Streaks or Splotches Degraded polymer in barrel Clean screw and barrel Poor Distributive Mixing (Streaking) Insufficient plastification See processing instructions Loss of Color Pigment has insufficient thermal stability Change to more heat stable colorant Ensure correct machine temperature control OMNICOLOR™ PROCESSING TEMPERATURES RECOMMENDED MAXIMUM PROCESSING TEMPERATURES FOR OMNICOLOR IN SELECTED POLYMERS IN °C UK COLOR NO.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Examples include: • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility Avient employs approximately 8,700 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Purchase price multiple rapidly declining on strength of business and synergy capture 10 $133 $205 2019PF 2021 10 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.1x 2019PF 2021 2021 w/ Full Synergies (1) (1) 11.9% 16.2% 2019PF 2021 EBITDA Margins (1) CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION ($ in millions) (1) Financial information is pro forma to include a full year of Clariant Color business ($ millions) Initial Synergy Estimate 2021 Synergy Realization Total Synergies Expected Administrative $ 18 $ 29 $ 40 Sourcing 24 20 24 Operational 18 5 21 Total Synergies $ 60 $ 54 $ 85 CLARIANT COLOR INTEGRATION & COST SYNERGIES UPDATE 11 • Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day • Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations • Future revenue synergies are not part of these estimates and represent additional growth over the long term SUSTAINABILITY FOR A BETTER TOMORROW 12 • Revenue from sustainable solutions grew 16% in 2021 and expected to grow 8-12% in 2022 as our innovation efforts and collaboration with customers accelerates • Investments centered around innovation and global sustainability megatrends o Enabling a circular economy – Technologies that allow for increased use of post-consumer recycled (PCR) material and improve recyclability of plastics o Light-weighting – Composites and CAI applications to reduce weight and material requirements, which minimize energy and carbon emissions o Eco-Conscious – Health and human safety applications as well as Avient’s alternative materials to replace lead, PVC, halogens, BPA and other less eco-friendly options 12 *Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) **2020 is Pro Forma to include full year of the Clariant Color business 12 2016 2017 2018 2019 2020PF** 2021 $405M $455M $550M $790M Revenue From Sustainable Solutions* 2016-2021 $915M $340M PEOPLE C U L T U R E I S E V E R Y T H I N G Community Service 7x Safer than Industry Average World-Class Safety Leadership Development Over $16 million raised since 2010 Diversity & Inclusion 13 Q4 2020 $997 $80 Sustainable Solutions 23 12% 8 Healthcare 53 43% 9 Composites 7 22% 2 Growth in Asia / LATAM 14 10% 3 Other 118 23% 2 Sub-total $1,212 22% $104 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 9 Incentives, FX, Other Employee Costs (10) (13) Q4 2021 $1,202 21% $85 Q4 2021 SALES AND OPERATING INCOME (TOTAL COMPANY) 14 Sales Growth Rate Adjusted Operating Income$ millions Adjusted EBITDA Q4 EBITDA BRIDGE 15 Price increases more than offsets raw material and supply chain impacts Q4 2020 $ 118 Demand - $ millions CAI: Price / Mix 62 Inflation (45) SEM: Price / Mix 25 Inflation (20) Distribution: Price / Mix 114 Inflation (109) Net Price Benefit 27 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 9 Incentives, FX, Other Employee Costs (13) Q4 2021 $ 126 Transportation (5)$ Outdoor High Performance (3) Other 8 Total Demand - Q4 2021 SEGMENT PERFORMANCE 16 CAI $526 $581 Sales ($ in millions) SEM Distribution $58 $61 Operating Income + 11% + 6% $305 $425 Sales $18 $22 Operating Income + 39% + 22% (1) $191 $228 Sales $30 $29 Operating Income + 19% - 3% 2022 O U TLO O K REVENUE GROWTH DRIVERS Growth Drivers Long-Term Growth Rate 2022E Growth Rate Sustainable Solutions 8–12% 12% Healthcare 8–10% 10% Composites 10% 3% Asia / LATAM 5% 6% Other (GDP growth) 2–3% 2–3% Avient 6.5% 6% 18 Excluding Outdoor High Performance 13% (7.5% excl.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
Examples include: • Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high- performance materials that require less plastic • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation • Breakthrough technologies that minimize wastewater, improve the recyclability of materials and advance a circular economy • Composite solutions to support accelerated growth of 5G / fiber-optic infrastructure investment as the world demands greater and faster connectivity Avient employs approximately 8,400 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Most notable was the promotion of Bob Patterson from chief financial officer to chief operating officer, where he successfully led the strong performances of our three business platforms, and the hiring of Rich Diemer to replace him as chief financial officer.
Polymer formulations have advantages over metals, wood, rubber, glass and other traditional materials, which have resulted in the replacement of these materials across a wide spectrum of applications that range from automobile parts to construction materials.
We capitalize replacements and betterments that increase the estimated useful life of an asset.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
In the transportation industry, plastic has proven to be durable, lightweight and corrosion resistant while offering fuel savings, design flexibility and high performance, often replacing traditional materials such as metal and glass.
Polymer formulations and structures have advantages over metals, wood, rubber, glass and other traditional materials, which have resulted in the replacement of these materials across a wide spectrum of applications.
We capitalize replacements and improvements that increase the estimated useful life of an asset.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2019-results
Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation
https://www.avient.com/resource-center/knowledge-base/article/injection-molding-mold-design
Porous plug vents need to be replaced or dismantled and cleaned when they become clogged.