https://www.avient.com/investor-center/news/polyone-announces-full-year-and-fourth-quarter-2018-results
To Investor Center
Investor Contacts
Investor FAQ
https://www.avient.com/company/purpose-strategic-framework
On December 4, 2024, we presented our new strategy at the New York Stock Exchange during our Investor Day.
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
A majority of our associates have full time contracts.
102–9 Supply chain Avient 2021 Annual Report—Form 10-K Page 5
102–10 Significant changes to the organization and its supply chain Avient 2021 Annual Report—Form 10-K Page 18
102–11 Precautionar y Principle or approach Avient 2021 Annual Report—Form 10-K Pages 8–12
102–12 External initiatives
About Avient—Who We Are
People—Security; A Great Place to Work
Products—Strategic Partnerships and Alliances
102–13 Membership of associations
United Nations Global Compact
American Chemistry Council
Alliance To End Plastic Waste
Operation Clean Sweep
UK Plastics Pact
PetCore Europe
Association of Plastic Recyclers (APR)
Plastics Recyclers Europe (PRE)
Responsible Mica Initiative (RMI)
Microfibre Consortium (TMC)
Strategy
102–14 Statement from senior decision-maker Message from the CEO
102–15 Key impacts, risks, and opportunities
Products—Innovation: The Lifeblood of a Specialty Organization
Avient 2021 Annual Report—Form 10-K Pages 8–12
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Us—Who We Are
Avient 2021 Annual Report—Creating a World-Class, Sustainable; Vision and Strategy
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | Index
Sustainability Report | 2021 89
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.unglobalcompact.org
https://www.americanchemistry.com
https://endplasticwaste.org
https://www.opcleansweep.org
https://www.newplasticseconomy.org/projects/plastics-pact
https://www.petcore-europe.org
https://plasticsrecycling.org
https://www.plasticsrecyclers.eu/who-we-are
https://responsible-mica-initiative.com
https://www.microfibreconsortium.com
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Ethics & Integrity
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting
Governance
102–18 Governance structure
Performance—Board of Directors Governance
People—Management Approach: EH&S
Avient 2021 Annual Report—Form 10-K Pages 14–15 & 70 and Proxy Statement Pages 13–15
https://www.avient.com/investors/governance
102–20
Executive-level responsibility for economic, environmental, and
social topics
Performance—Board of Directors Governance
People—Management Approach: EH&S
People—Management Approach: Training and Development
People—Management Approach: Diversity & Inclusion
Products—Management Approach: Product Stewardship
Products—Management Approach: Supplier Collaboration
https://www.avient.com/investors/governance
102–22 Composition of the highest governance body and its committees
Performance—Board of Directors Governance
Avient 2021 Annual Report—Form 10-K Pages 14–15 & 70
Avient Governance—Board of Directors
102–23 Chair of the highest governance body Avient 2022 Proxy Statement Pages 21, 29
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors Governance
Avient 2021 Annual Report—Form 10-K Pages 14–15 & 70 and Proxy Statement Pages 30–31
https://www.avient.com/investors/governance
102–25 Conflicts of interest
Performance—Board of Directors Governance
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
Avient 2021 Annual Report—Form 10-K Pages 14–15 & 70 and Proxy Statement Pages 30–31
https://www.avient.com/investors/governance
102–27 Collective knowledge of highest governance body
Performance—Board of Directors Governance
Avient 2022 Proxy Statement Pages 13–15
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors Governance
Avient 2022 Proxy Statement Pages 32, 34
https://www.avient.com/investors/governance
102–29 Identifying and managing economic, environmental, and social impacts
Performance—Board of Directors Governance
People—Management Approach: EH&S
https://www.avient.com/investors/governance
102–30 Effectiveness of risk management processes
Performance—Board of Directors Governance; Enterprise Risk Management (ERM)
Avient 2022 Proxy Statement Pages 29–30
https://www.avient.com/investors/governance
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Sustainability Report | 2021 90
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.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/2022-03/Avient%202021%20Annual%20Report.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2022-03/Avient%202022%20Proxy%20Statement.pdf
https://www.avient.com/investors/governance
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–31 Review of economic, environmental, and social topics
Performance—Board of Directors Governance; Enterprise Risk Management (ERM)
Avient 2022 Proxy Statement Pages 30–31, 34
https://www.avient.com/investors/governance
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors Governance
Avient 2022 Proxy Statement Pages 30–31, 34
https://www.avient.com/investors/governance
102–33 Communicating critical concerns
Performance—Board of Directors Governance
Avient 2022 Proxy Statement Pages 30–32, 34
Code of Conduct
https://www.avient.com/investors/governance
102–34 Nature and total number of critical concerns Avient 2021 Annual Report—Form 10-K Pages 56–57
102–35 Renumeration Policies Avient 2022 Proxy Statement Pages 33–39, 49–58
102–36 Process for determining renumeration Avient 2022 Proxy Statement Pages 33–39
102–37 Stakeholders' involvement in renumeration Avient 2022 Proxy Statement Page 33–34
102–38 Annual total compensation ratio Avient 2022 Proxy Statement Page 70
Stakeholder Engagement
102–40 List of stakeholder groups Engaging with Stakeholders
102–41 Collective bargaining agreements People—Workforce Demographics Employee Representation
102–42 Identifying and selecting stakeholders Engaging with Stakeholders
102–43 Approach to stakeholder engagement Engaging with Stakeholders
102–44 Key topics and cocnerns raised Engaging with Stakeholders
Reporting Practice
102–45 Entities included in the consolidated financial statements
Avient 2021 Annual Report—Form 10-K Page 3
We operate in three reportable segments: (1) Color, Additives and Inks; (2) Specialty Engineered Materials; and
(3) Distribution.
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.
Economic Topic Disclosures
GRI 201: Economic
103–1, 2 and 3 Management approach—GRI 103 Performance—Performance Overview
201–1 Direct economic value generated and distributed Avient 2021 Annual Report—Form 10-K Page 18–19
201–2
Financial implications and other risks and opportunities due to climate
change
Planet—Climate Change, Energy and Greenhouse Gas Emissions (GHG)
Performance—Enterprise Risk Management (ERM)
Avient 2021 Annual Report—Form 10-K Page 10
201–3 Defined benefit plan obligations and other retirement plans Avient 2021 Annual Report—Form 10-K Pages 26 & 42
GRI 205: Anti-Corruption
103–1, 2 and 3 Management approach—GRI 103
Performance—The Highest Ethical Standards
Code of Conduct
205–1 Operations assessed for risks related to corruption
Products—Management Approach: Supplier Collaboration
Performance—The Highest Ethical Standards; Enterprise Risk Management (ERM)
Code of Conduct
https://www.avient.com/investors/governance
205–2
Communication and training about anti-corruption policies and
procedures
Performance—The Highest Ethical Standards
Code of Conduct
https://www.avient.com/investors/governance
205–3 Confirmed incidents of corruption and actions taken
There were no incidents of corruption in 2021.
Code of Conduct
https://www.avient.com/investors/governance
GRI 206: Anti-Competitive Behavior
103–1, 2 and 3 Management approach—GRI 103 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 2021.
https://www.avient.com/investor-center/news/polyone-announces-fourth-quarter-and-full-year-2019-results
To Investor Center
Investor Contacts
Investor FAQ
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
19
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
21
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
22
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 23
SUSTAINABILITY
INVESTOR DAY
23
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
24
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
25
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
26
A P P E N D I X
29
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
31
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
32
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
33
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
34
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of May 31, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
36
3
2
3
3
4 4
3
3
4
5
5
6
8
9
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
H
U
N
C
E
H
X
L
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of May 31, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
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.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
18
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
19
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
20
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
21
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 22
SUSTAINABILITY
INVESTOR DAY
22
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
23
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
24
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
25
A P P E N D I X
28
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
31
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
32
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
33
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
35
3
2
3
3
4 4
3
3
5 5
5
6
7
9
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F
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C
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C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
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.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
14
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
17
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 18
SUSTAINABILITY
INVESTOR DAY
18
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
19
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
20
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
21
A P P E N D I X
24
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
27
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
28
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
29
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
3
2
3
3
4 4
3
3
5 5
5
6
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L
C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
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.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520KeyBanc%2520Conference%2520-%2520September%252014%25202016.pdf
P l O I t P t tiPolyOne Investor Presentation
KeyBanc Capital Markets
Basic Materials & Packaging Conference
September 2016p
PolyOne Corporation Page 1
Forward-Looking Statements
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.
Q2 POL IR Presentation - 2016 KeyBanc Capital Markets Basic Materials & Packaging Conference
Investor Presentation - September 14, 2016 r4
Investor Presentation - September 14, 2016
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
PolyOne Corporation Page 1
Investor Day
May 18, 2015
PolyOne Corporation Page 2
Forward-Looking Statements
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.
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt
extinguishment costs; 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, remediation costs 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; unrealized gains and losses from foreign currency option contracts; one-time, non-recurring items; and the effect of changes in accounting principles or other such
laws or provisions affecting reported results.
(2) Tax adjustments include the net tax expense (benefit) from one-time income tax items and deferred income tax valuations allowance adjustments.
2
Adjusted net cash provided by operating activities is calculated as follows:
2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y
Net cash provided by operating activities $ 72.5 $ 229.7 $ 140.8 $ 72.5 $ 106.9 $ 109.0 $ 208.4
Dividends and distributions received from joint ventures (32.9) (36.5) (24.2) (6.0) - - -
Pension Cash Contributions 35.9 28.5 37.5 38.1 68.8 69.8 21.6
Adjusted net cash provided by operating activities $ 75.5 $ 221.7 $ 154.1 $ 104.6 $ 175.7 $ 178.8 $ 230.0
Net debt to adjusted EBITDA is calculated as follows:
Twelve Months Ended
(In millions) December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014
Short-term portion and current portion of
long-term debt $ 3.0 $ 3.8 $ 12.7 $ 61.8
Long-term debt 704.0 703.1 976.2 962.0
Less: Cash and cash equivalents (191.9) (210.0) (365.2) (238.6)
Net Debt $ 515.1 496.9 623.7 785.2
Income before income taxes $ 168.9 $ 83.3 $ 151.0 $ 88.4
Interest expense, net 33.7 50.8 63.5 62.2
Depreciation and amortization 53.2 65.8 108.8 123.9
Equity income from equity affiliates (5.7) - - -
Special items, impact on income before
income taxes (48.1) 55.1 46.3 164.9
Interest expense included in special items - (1.3) (1.9) -
Accelerated depreciation included in special
items - - (12.7) (23.1)
Adjusted EBITDA $ 202.0 $ 253.7 $ 355.0 $ 416.3
Net Debt/Adjusted EBITDA 2.6 2.0 1.8 1.9
Investor Day - May 18 2015 r11
Investor Day - May 18 2015
POL IR Presentation - Investor Day - 5_13_15 Master Version WEBSITE
Investor Day
Forward-Looking Statements
Use of Non-GAAP Measures
Agenda
Introduction��
Slide Number 6
The Leaders Behind the Team
Commodity to Specialty Transformation
Proof of Performance
Mix Shift Highlights Specialty Transformation
Proof of Performance
Successfully Navigating Change Since 2012
Strategy and Execution Drive Results
Well Positioned for Accelerated Growth
Global Color, Additives & Inks��
At a Glance
A Case Study for Transformational Success
Slide Number 18
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
Global Specialty Engineered Materials��
What We Do
At a Glance
A Case Study for Transformational Success
Slide Number 30
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
�Designed Structures and Solutions��
At a Glance
Early Progress
A Lot of Work Remains with Tremendous Upside Potential
Innovating with Cross-Business Unit Technologies
Who We Are Growing With
Key Initiatives
Platinum Vision
Summary
Performance Products and Solutions��
At a Glance
What We Have Delivered
Slide Number 50
Accelerating Growth
Who We Are Growing With
Geographic Growth Opportunities
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
PolyOne Distribution��
At a Glance
Slide Number 61
What We Have Delivered
Accelerating Growth
Who We Are Growing With
Megatrends Aligned with Key End Markets
Geographic Growth Opportunities
Going Beyond Distribution
Platinum Vision
Summary
Financial Highlights��
Who We Are Growing With
2014 Awards and Recognitions
2014 Financial Highlights
Proof of Performance & 2015 Targets
Ours is Not a Cost Cutting Story
Financial Strength
Financial Flexibility
Cash to Generate Value
Slide Number 79
Slide Number 80
2020 Platinum Vision��
PolyOne Core Values
Confirmation of Our Strategy
Strategy and Execution Drive Results
Formula for Success
Track Record of Successful Acquisitions
Driving Toward Premier Profitability
2020 Platinum Vision
Platinum Vision: Pathway to Accelerated Growth
Driving Toward a Premium Specialty Multiple
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Global Compact
• Highlights ESG Performance, including
ratings, awards, and certifications
• Features increased carbon emissions
disclosures, including Climate Change Scenario
Analysis and Scope 3 emissions data
• Outlines Sustainable Supplier Program,
designed to enable supplier evaluation &
collaboration
• Reflects Great Place To Work® culture focused
on safety, employee engagement and
advancing diversity, equity and inclusion
20 22 SUSTAI NA BILI TY REPORT
15
Avient Confidential 16
• Virtual presentation to be held
September 20, 2023
• Leadership will be conducting
an investor-focused
presentation around our
sustainable solutions portfolio
• Deep dive into how we enable
customers to achieve their
sustainability goals
SUSTAINABILITY DAY
16
…are Growing at Twice the Rate as
Conventional Products
Sustainably-Branded Products…
STAKEHOLD ER INFLUENC E D RI VES D EMA ND
Consumers
Are demanding
recyclability and eco-
conscious products
Governments
Are mandating changes
through legislation, taxes,
and regional accords
Brand Owners
Have committed to
ambitious goals to achieve
sustainability metrics
17
A P P E N D I X
20
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RA W MATERI AL BA SKET
PEER COMPARISONS
AVI ENT I S ASSET LI GHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of July 21, 2023
Note: Avient reflects 2023 estimated revenue of $3,280 and estimated run-rate CAPEX of $110M.
22
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A
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H
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N
S
C
L
FR EE CA SH FLOW CONV ER SION
Source: Peer data per Bloomberg as of July 21, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
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.