https://www.avient.com/sites/default/files/2019-12/Fermium_IR_Deck_12.16.19_for_Website.pdf
Investor Day
F E R M I U M
R E S E A R C H
M A R K E T I N G T R I P
D E C E M B E R 1 6 , 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995.
Senior management
believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature,
tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2019-results
To Investor Center
Investor Contacts
Investor FAQ
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 9
https://www.avient.com/company/sustainability/people/community-service
https://www.avient.com/investors
http://endplasticwaste.org/
Strong Foundation,
Confident Future
Avient Corporation was originally established as PolyOne Corporation in 2000 through the
consolidation of two companies in the materials industr y.
A majority of associates have full-time contracts.
102–9 Supply chain Avient 2023 Annual Report—Form 10-K Page 5
102–10 Significant changes to the organization and its supply chain Avient 2023 Annual Report—Form 10-K Page 18
102–11 Precautionar y Principle or approach Avient 2023 Annual Report—Form 10-K Page 8–13
102–12 External initiatives
About Us—Who We Are Page 11
People—Security, Becoming an Even Better Place to Work Page 22, Page 36
Products—Strategic Partnerships and Alliances Page 50
102–13 Membership of associations Strategic Partnerships and Alliances Page 50
Strategy
102–14 Statement from senior decision-maker 2023 Sustainability Report—Message from the CEO Page 3
102–15 Key impacts, risks, and opportunities
Avient 2023 Annual Report—Form 10-K Page 8–13
Innovating for a Sustainable Future Page 38
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Us—Who We Are Page 11
Avient 2023 Annual Report—Our Vision; Our Culture; Our Sustainability Guiding Principle and Four Cornerstones
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting Page 69
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 80
https://www.avient.com/products
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–18 Governance structure
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
Avient 2023 Annual Report—Form 10-K Pages 14–15 & 68
Avient 2024 Proxy Statement—Pages 14–15
https://www.avient.com/investors/governance
102–20
Executive-level responsibility for economic, environmental, and
social topics
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
People—Training and Development Page 23
People—Diversity & Inclusion Page 24
Products—Product Stewardship Page 45
Products—Supplier Collaboration Page 48
https://www.avient.com/investors/governance
102–22 Composition of the highest governance body and its committees
Avient 2023 Annual Report—Form 10-K Pages 13–14, & 65
Performance—Board of Directors Governance Page 71
102–23 Chair of the highest governance body Avient 2024 Proxy Statement—Page 19
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14
Avient 2024 Proxy Statement—Page 16
https://www.avient.com/investors/governance
102–25 Conflicts of interest
Performance—Board of Directors Governance Page 71
Avient Code of Conduct
https://www.avient.com/investors/governance
102–26
Role of highest governance body in setting purpose, values, and
strategy
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14 & 65
Avient 2024 Proxy Statement—Pages 29–31
https://www.avient.com/investors/governance
102–27 Collective knowledge of highest governance body
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 14–16
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 32–36
https://www.avient.com/investors/governance
102–29 Identifying and managing economic, environmental, and social impacts
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
https://www.avient.com/investors/governance
102–30 Effectiveness of risk management processes
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31
https://www.avient.com/investors/governance
102–31 Review of economic, environmental, and social topics
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 81
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/company/policies-and-governance/code-conduct
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee Page 4
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
102–33 Communicating critical concerns
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
Avient Code of Conduct
https://www.avient.com/investors/governance
102–34 Nature and total number of critical concerns Avient 2023 Annual Report—Form 10-K Pages 54–55
102–35 Remuneration Policies Avient 2024 Proxy Statement—Pages 49–57, 59–70
102–36 Process for determining remuneration Avient 2024 Proxy Statement—Pages 49–54
102–37 Stakeholders' involvement in remuneration Avient 2024 Proxy Statement—Pages 49–50
102–38 Annual total compensation ratio Avient 2024 Proxy Statement—Page 71
Stakeholder Engagement
102–40 List of stakeholder groups About Us—Engaging with Our Stakeholders Page 9
102–41 Collective bargaining agreements Workforce Demographics—Employee Representation Page 28
102–42 Identifying and selecting stakeholders About Us—Engaging with Our Stakeholders Page 9
102–43 Approach to stakeholder engagement About Us—Engaging with Our Stakeholders Page 9
102–44 Key topics and concerns raised About Us—Engaging with Our Stakeholders Page 9
Reporting Practice
102–45 Entities included in the consolidated financial statements
Avient 2023 Annual Report—Form 10-K Pages 2–3
We operate in three reportable segments: (1) Color, Additives and Inks and (2) Specialty Engineered Materials
102–46 Defining report content and topic boundaries
The information in this report applies to Avient and all owned facilities, joint ventures, and operating companies
globally within the reporting period, unless otherwise stated.
Avient Code of Conduct
https://www.avient.com/investors/governance
GRI 206: Anti-Competitive Behavior
103–1, 2 and 3 Management approach—GRI 103 Avient Code of Conduct
206–1
Legal actions for anti-competitive behavior, anti-trust, and
monopoly practices
No legal actions were brought against Avient for anti-competitive behavior, anti-trust, or monopoly practices in 2023.
https://www.avient.com/sites/default/files/2021-03/2020-climate-change-avient-score-card.pdf
Investors will additionally
receive a copy of the CDP Score Report upon
request.
https://www.avient.com/sites/default/files/2022-06/2021_Climate Change Score Report_Avient.pdf
Investors will additionally
receive a copy of the CDP Score Report upon
request.
https://www.avient.com/sites/default/files/2021-12/2021-climate-change-score-report.pdf
Investors will additionally
receive a copy of the CDP Score Report upon
request.
https://www.avient.com/investor-center/news/polyone-announces-fourth-quarter-and-full-year-2016-results
To Investor Center
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Investor FAQ
https://www.avient.com/investor-center/news/avient-announces-record-third-quarter-2021-results
Upcoming Investor Day
Investor Contacts
Investor FAQ
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2023-results
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Investor Contacts
Investor FAQ
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
FX +8.5%
FX -0.4%
Total Avient +8.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
COLOR, ADDITIVES & INKS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$487
$522
Q3 23 Q3 24
$89
$97
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
7
+ 7%
(+8% excluding FX)
+ 9%
(+11% excluding FX)
18.3%
+40 bps *18.7%
*
* Adjusted EBITDA Margin %
• Sales growth driven by winning
new product specifications in
consumer & packaging, strong
underlying demand in healthcare
and improving demand in building
& construction
• Favorable mix and raw material
deflation contributed to EBITDA
margin expansion
SPECIALTY ENGINEERED MATERIALS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$268
$295
Q3 23 Q3 24
$51
$57
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
8
• Sales growth driven by restocking
in healthcare & consumer end
markets and strong underlying
demand for composite
applications used in building &
construction, energy and defense
end markets
• Favorable mix contributed to
EBITDA margin expansion
+ 10%
(+10% excluding FX)
+ 12%
(+13% excluding FX)
19.0%
+40 bps *19.4%
*
* Adjusted EBITDA Margin %
2 0 2 4 G U I D A N C E
FY 20 24 GUIDA NC E
Previous (Aug 6) Current
Adjusted EPS $2.55 to $2.70 $2.63 to $2.67
Adjusted EBITDA $515 to $540 million $525 to $530 million
Interest Expense $105 million $104 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures &
Investment in S/4 Hana
~$140 million ~$140 million
10
11
• Investor Day to be held December 4, 2024 at
the NYSE, beginning at 10AM
• The focus will be to do a deep dive on the
Company’s strategy
• Registration and microsite will be available in
early November
20 24 AVI ENT INVESTOR DAY
A P P E N D I X
18
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERI AL BA SKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
20
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
21
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
22
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
23
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Senior management believes the measures described above are useful to investors because they allow for comparison to
Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results
due to the potential variability across periods based on timing, frequency and magnitude.