https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
• Attractive appearance to final product
• Long lasting color
ENVIRONMENTAL ADVANTAGES
• Environmental advantages
• Less production costs
• Lower carbon footprint
• Lower chemical usage
• Waste reduction
MAGIQ FIBER COLORANTS -
MASTERBATCH PORTFOLIO
BLACK
• Standard and special products with high
pigment concentrations and excellent
tinting strength
• MBs at lower concentrations designed
to meet specific customer needs
• Black MB tailored for special requirements, with
particular physical/rheological properties
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
Carriers: PET, PBT, PA 6, PA 66, others
• Continuous filament spinning, including
fine denier (POY, FDY, HOY, bi-component yarns)
• Spunbond
WHITE
• TiO2 white with excellent opacifying
or tinting strength
• Optical white MBs that improve the surface
whiteness and/or brightness of end products
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
• Full pigment dispersion ensures maximum CPF/
Spinning pack life
Simply choose the
system that is best
suited to your process
and throughput;
the state-of-the-art
controller units on each
model feature simple
and intuitive operation
panels—so you can
begin working with your
FlexCart system right
away.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
A recording of the webcast and the slide presentation will be available at
avient.com/investors/events-presentations immediately following the conference call and will be
accessible for one year.
2) Tax adjustments include the net tax benefit/ (expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves
and deferred income tax valuation allowance adjustments.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30, 2022
December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents $ 544.4 $ 601.2
Accounts receivable, net 504.6 439.9
Inventories, net 441.5 305.8
Current assets held for sale 367.8 360.2
Other current assets 130.0 119.9
Total current assets 1,988.3 1,827.0
Property, net 965.4 672.3
Goodwill 1,491.0 1,284.8
Intangible assets, net 1,525.7 925.2
Operating lease assets, net 56.0 58.2
Non-current assets held for sale — 22.0
Other non-current assets 280.7 207.7
Total assets $ 6,307.1 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 613.9 $ 8.6
Accounts payable 448.7 429.5
Current operating lease obligations 18.1 21.1
Current liabilities held for sale 170.3 141.3
Accrued expenses and other current liabilities 304.6 340.2
Total current liabilities 1,555.6 940.7
Non-current liabilities:
Long-term debt 2,502.9 1,850.3
Pension and other post-retirement benefits 91.6 99.9
Deferred income taxes 210.4 100.6
Non-current operating lease obligations 35.7 37.3
Non-current liabilities held for sale — 13.1
Other non-current liabilities 174.8 164.8
Total non-current liabilities 3,015.4 2,266.0
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,720.4 1,774.7
Noncontrolling interest 15.7 15.8
Total equity 1,736.1 1,790.5
Total liabilities and equity $ 6,307.1 $ 4,997.2
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2022 2021
Operating Activities
Net income $ 158.5 $ 201.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 110.3 105.8
Accelerated depreciation 4.0 1.9
Share-based compensation expense 9.5 8.4
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (66.5) (199.7)
Increase in inventories (12.5) (156.2)
Increase in accounts payable 43.5 95.3
Decrease in pension and other post-retirement benefits (15.8) (14.2)
(Decrease) increase in accrued expenses and other assets and liabilities, net (7.1) 67.0
Net cash provided by operating activities 223.9 110.0
Investing activities
Capital expenditures (55.1) (62.7)
Business acquisitions, net of cash acquired (1,426.1) (47.6)
Settlement of foreign exchange derivatives 93.3 —
Net cash proceeds used by other assets — (2.0)
Net cash used by investing activities (1,387.9) (112.3)
Financing activities
Debt proceeds 1,300.0 —
Purchase of common shares for treasury (36.4) (4.2)
Cash dividends paid (65.2) (58.2)
Repayment of long-term debt (6.8) (16.5)
Payments of withholding tax on share awards (4.2) (9.1)
Debt financing costs (49.3) —
Other financing activities — (3.5)
Net cash provided (used) by financing activities 1,138.1 (91.5)
Effect of exchange rate changes on cash (30.9) (10.5)
Decrease in cash and cash equivalents (56.8) (104.3)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of period $ 544.4 $ 545.2
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) 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.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 565.6 $ 586.6 $ 1,864.2 $ 1,820.3
Specialty Engineered Materials 258.2 231.7 743.6 685.3
Corporate and eliminations (0.5) (0.3) (1.3) 2.9
Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5
Gross margin:
Color, Additives and Inks $ 161.3 $ 172.1 $ 546.8 $ 563.0
Specialty Engineered Materials 66.9 61.4 201.3 192.6
Corporate and eliminations (32.8) (17.9) (37.4) (28.3)
Gross margin $ 195.4 $ 215.6 $ 710.7 $ 727.3
Selling and administrative expense:
Color, Additives and Inks $ 92.7 $ 105.3 $ 290.1 $ 321.1
Specialty Engineered Materials 35.5 31.4 96.4 94.2
Corporate and eliminations 26.6 26.1 81.3 82.4
Selling and administrative expense $ 154.8 $ 162.8 $ 467.8 $ 497.7
Operating income:
Color, Additives and Inks $ 68.6 $ 66.8 $ 256.7 $ 241.9
Specialty Engineered Materials 31.4 30.0 104.9 98.4
Corporate and eliminations (59.4) (44.0) (118.7) (110.7)
Operating income $ 40.6 $ 52.8 $ 242.9 $ 229.6
Depreciation & amortization:
Color, Additives and Inks $ 24.2 $ 26.6 $ 76.1 $ 79.2
Specialty Engineered Materials 12.9 7.9 28.4 23.8
Corporate and eliminations 2.7 2.1 9.2 4.1
Depreciation & Amortization $ 39.8 $ 36.6 $ 113.7 $ 107.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 92.8 $ 93.4 $ 332.8 $ 321.1
Specialty Engineered Materials 44.3 37.9 133.3 122.2
Corporate and eliminations (56.7) (41.9) (109.5) (106.6)
Other (expense) income, net (32.3) 1.6 (31.3) 4.3
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
13
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Morgan%2520Stanley%2520Global%2520Chemicals%2520and%2520Agriculture%2520Conference%2520-%252011%253A15%253A2016.pdf
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to
acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit
plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales
or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; the effect of changes in accounting principles or other such laws or provisions
affecting reported results; and tax adjustments.
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments.
Segment Highlights
At a Glance: Color, Additives & Inks
At a Glance: Specialty Engineered Materials
At a Glance: Designed Structures & Solutions
At a Glance: Performance Products & Solutions
At a Glance: Distribution
Application Examples
Luxury Packaging�with Gravitech Density Modified Polymers
Medical Device Housings�with Chemically Resistant Engineered Polymers
Printed Circuit Boards�with Thermally Conductive Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants�Solutions for clothing, apparel, footwear, automotive & sporting goods
Slide Number 34
Metal Replacement Solutions
High-Barrier Packaging Containers
Investor Presentation - November 2016 r4 (2).pdf
Investor Presentation - November 2016
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference%2520-%252011%253A8%253A2016.pdf
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to
acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit
plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales
or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; the effect of changes in accounting principles or other such laws or provisions
affecting reported results; and tax adjustments.
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments.
Segment Highlights
At a Glance: Color, Additives & Inks
At a Glance: Specialty Engineered Materials
At a Glance: Designed Structures & Solutions
At a Glance: Performance Products & Solutions
At a Glance: Distribution
Application Examples
Luxury Packaging�with Gravitech Density Modified Polymers
Medical Device Housings�with Chemically Resistant Engineered Polymers
Printed Circuit Boards�with Thermally Conductive Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants�Solutions for clothing, apparel, footwear, automotive & sporting goods
Slide Number 34
Metal Replacement Solutions
High-Barrier Packaging Containers
https://www.avient.com/industries/healthcare/labware-diagnostics/ivd-devices
Engineered Polymer Formulations
Specialty Engineered Materials for Healthcare
Specialty Engineered Materials for Healthcare (Chinese)
https://www.avient.com/sites/default/files/2023-10/SEM Automotive Aftermarket Rendering Application Bulletin.pdf
Beyond transportation, cars continuously transform
industries, economies, and social dynamics,
influencing the way we live, work, and interact with
one another.
Engineered polymer
formulations are designed to perform in demanding
environments.
https://www.avient.com/sites/default/files/2021-04/gravi-tech-pipe-system-valve-case-study.pdf
They are
formulated using select metallic fillers and engineered
thermoplastic resins to achieve the specific gravity of different
metals, while providing the design flexibility and processing
ease of conventional thermoplastics.
Thanks to the customized Gravi-Tech material, API was able
to successfully design and mold a flapper valve that is the
only one of its kind on the market—and offers a less expensive
solution than traditional brass valves.
https://www.avient.com/sites/default/files/2023-09/Color _ Additive Masterbatches for E_E Application Bulletin_A4.pdf
OnColor™ UL 94 Colorants*
• More than 2,000 recognized concentrates
available worldwide in all color options
• HB rating for most of PP, PS, ABS, PC/ABS, PBT,
PA, PA-GF, TPU generic resins
• V-0, V-1, V-2 and 5VA/5VB ratings for more than
200 specific engineering resins
• Master file of recognized concentrates with
scope of use accessible in the UL product finder
• Development of custom products for specific
resins upon request
• Compliance Letters available for REACH and
RoHS
Cesa™ Flame Retardant Additives
for Glow Wire
• Fire performance in line with different levels of
Glow Wire temperatures (IEC 60695-2-12)
• Let-Down Ratio adjustable to reach different
levels of Glow Wire temperatures
• Non-halogen (in accordance with IEC 61249-
2-21) and non-HBCD** solutions
• Wide range of solutions adapted to different
polymers (PP, PS, PC)
• Color and flame retardants can be combined
in one product
• Compliance Letters available for REACH
and RoHS
APPLICATION BULLETIN
* Solutions also sold as Renol™ UL 94 Colorants
APPLICATION
POLYMER
GWFI
TEMPERATURE
TYPICAL
LET-DOWN RATIO CONTENT
HIPS 750–960°C 5–10% Non-HBCD
flame retardant**
PC 850–960°C 2–4% Non-halogen in accordance
with IEC 61249-2-21
PP homopolymer 850–960°C 4% Non-halogen in accordance
with IEC 61249-2-21
PP copolymer 850–960°C 4–8% Antioxidant - metal
deactivator
** Non-HBCD means that Hexabromocyclododecane (HBCD) is neither used as starting material during the mixing phase of our products nor
intentionally added during production, but it cannot be excluded that it is not present at level of ubiquitous traces in any of the raw materials
used in manufacturing of our products.
https://www.avient.com/sites/default/files/2024-02/CAI W_C Colorants and Additives for TPU Product Bulletin _A4.pdf
long-term
light stabilization additive and custom color
in one pellet.
This can help to reduce
inventory and can allow the use of general-
purpose resin
Avient Value-Added Services
Avient supports these colorant and additive
technologies including:
• A focus on sustainability with innovative
materials and solutions to help you meet
your sustainability goals, including PCR Color
Predication Service and Product Footprint
Calculator
• Leading Color Trend and Design Services -
Trend and color insights along with product
development assistance from concept through
commercialization to optimize design and
gain speed to market
• Avient Design - A highly specialized group of
industrial designers and project engineers
that provides advanced design and detailed
analysis to foster higher levels of innovation
• Application Development and Technical
Support - Technical experts specifically
trained to work directly with your team to
solve definitive application challenges with
new or existing approaches
• Regulatory Support - Dedicated product
stewardship assisting with new product
approvals to reduce regulatory overheads
and minimize risk
• Reliable field technical services and support
- Onsite support for tool design, startup,
and production optimization to gain
manufacturing efficiencies and help resolve
technical issues
https://www.avient.com/sites/default/files/2024-09/Chemical Resistance Technical Bulletin %281%29.pdf
MEDICAL DEVICE DISINFECTION—HOW TO PREVENT
CRACKING AND CRAZING
Understanding polymer performance is key to minimizing
disinfectant-related failures
DISINFECTANT-RELATED DAMAGE
ON POLYMER HOUSINGS
Strong chemicals used to reduce hospital-
acquired infections can damage equipment
and result in material failures, such as:
• Stress cracking
• Crazing
• Discoloration
CHEMICAL RESISTANCE REQUIREMENTS
VARY BY ENVIRONMENT
• Patient/exam rooms
• Operating and radiology rooms
• Reception areas
• Home (patient equipment & devices)
Healthcare devices must perform flawlessly in a myriad of challenging environments and engineers must
be certain their devices can withstand increasingly potent disinfectants, which have begun to outstrip
the performance of traditional polymers.
This procedure was completed by placing one 1/2 inch section
of rayon gauze at the apex of each bar, and soaking the gauze with the
disinfectant to saturate the material.