https://www.avient.com/sites/default/files/2025-02/Hexagon and digimat case study.pdf
Long fibre reinforced
materials have an added degree of modelling complexity
due to the need to capture the effects of bundling, fibre
entanglement and weld lines.
https://www.avient.com/sites/default/files/2025-04/Governance and Corporate Responsibility Charter March 2025 Final and Approved.pdf
Make recommendations regarding the appropriate size of the Board and the effectiveness
of the Board in fulfilling its obligations to the Company and its shareholders.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Fostering imagination
• Enabling creative exploration
• Focus on customers’
sustainability
• Driving long-term revenue
growth
ColorWorks
Avient Corporation 21
• Rapid customer response
• Immediate color measurement and
quotation
• Fast track product development to “now”
• Specialized labs for fast sample delivery
• Optimized formulations leveraging cost
effective raw materials
C U S T O M E R - F O C U S E D
C O L O R F O R M U L A T I O N
Avient Corporation 22
InstaColr
CycleWorks
A D V A N C I N G T H E
C I R C U L A R E C O N O M Y
• Laboratory mimics real-world
circular recycling in a research
environment
• Conducts chemistry testing to
improve plastics recycling for
customers
• Screening and evaluation of additive
and colorant systems during
recycling
• Collaboration platform for customers
and value chain partners
Avient Corporation 23
Avient Corporation 24
Sustainable
Solutions
Michael Garratt and Walter Ripple
Our Sustainability Promise
As the world’s premier provider of specialized
polymer materials, services and solutions,
Avient is committed to meeting the needs of
the present without compromising future
generations’ ability to meet their needs.
Avient Corporation 101
Electronics THEN…
Avient Corporation 102
Avient Corporation 103
Electronics NOW…
Meta Materials
A rationally designed composite
material aiming at effective material
parameters that go beyond those of the
ingredient materials.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Reconciliation of EBITDA by Segment
Year Ended
December 31, 2019
Sales:
Color, Additives and Inks $ 1,003.8
Specialty Engineered Materials 745.7
Distribution 1,192.2
Corporate and eliminations (79.0)
Sales $ 2,862.7
Operating income:
Color, Additives and Inks $ 147.4
Specialty Engineered Materials 83.7
Distribution 75.4
Corporate and eliminations (149.7)
Operating income $ 156.8
Items below OI in Corporate:
Other income, net $ 12.1
Depreciation & amortization:
Color, Additives and Inks $ 42.7
Specialty Engineered Materials 29.5
Distribution 0.5
Corporate and eliminations 5.4
Depreciation & Amortization $ 78.1
EBITDA:
Color, Additives and Inks $ 190.1
Specialty Engineered Materials 113.2
Distribution 75.9
Corporate and eliminations (132.2)
EBITDA $ 247.0
EBITDA as a % of Sales:
Color, Additives and Inks 18.9 %
Specialty Engineered Materials 15.2 %
Distribution 6.4 %
1
Reconciliation of Pro Forma EBITDA - Color, Additives and Inks
Year Ended
December 31, 2019
Sales:
Color, Additives and Inks $ 1,003.8
Clariant Color pro forma adjustments(1) 1,118.6
Pro forma sales $ 2,122.4
Operating income:
Color, Additives and Inks $ 147.4
Clariant Color pro forma adjustments(1) 72.9
Pro forma operating income $ 220.3
Depreciation & amortization:
Color, Additives and Inks $ 42.7
Clariant Color pro forma adjustments(1) 60.3
Pro forma depreciation & amortization $ 103.0
EBITDA
Color, Additives and Inks $ 190.1
Clariant Color pro forma adjustments(1) 133.2
Pro forma EBITDA $ 323.3
Pro forma EBITDA as a % of Sales 15.2 %
(1) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition
2009* 2010* 2011* 2012* 2013 2014 2015 2016** 2017 2018 2018*** 2019*** 2020
Net income from continuing
operations attributable to Avient
common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 75.5 $ 152.7
Joint venture equity earnings, after
tax (19.0) (14.7) (3.7) — — — — — — — — — —
Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 61.7 66.2
Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (5.9) (41.4)
Adjusted net income from
continuing operations
attributable to Avient common
shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 131.3 $ 177.5
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 77.7 92.1
Adjusted EPS attributable to Avient
common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 1.69 $ 1.93
* Historical results have been updated to reflect subsequent changes to accounting principle and discontinued operations, excluding any changes as a result of
discontinued operations from the sale of the Designed Structures and Solutions segment (DSS) and the Performance Products and Solutions segment (PP&S).
** Pro Forma for sale of DSS.
*** Pro Forma for sale of PP&S.
*** Pro Forma for full year of the Clariant Color acquisition
2
Nine Months Ended
September 30,
Year Ended
December 31,
Reconciliation to Pro Forma Adjusted EBITDA 2020 2021 2020 2019
Net income from continuing operations – GAAP $ 59.1 $ 201.7 $ 133.8 $ 75.7
Income tax expense 22.5 51.8 5.2 33.7
Interest expense 55.3 57.8 74.6 59.5
Depreciation and amortization from continuing operations 77.3 107.7 115.1 78.1
EBITDA $ 214.2 $ 419.0 $ 328.7 $ 247.0
Special items, before tax 62.0 36.5 66.2 61.7
Interest expense included in special items (10.1) — (10.1) —
Depreciation and amortization included in special items (2.5) (0.1) (3.2) —
Adjusted EBITDA $ 263.6 $ 455.4 $ 381.6 $ 308.7
Clariant MB pro forma adjustments(1) 75.1 — 75.1 133.2
Pro forma adjusted EBITDA $ 338.7 $ 455.4 $ 456.7 $ 441.9
(1) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Year Ended
December 31, 2020
Reconciliation of Pro Forma Adjusted
Earnings per Share Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(1)
Pro Forma
Adjusted
Avient
Sales $ 3,242.1 $ — $ 3,242.1 $ 540.4 $ 3,782.5
Operating income $ 189.3 $ 73.7 $ 263.0 $ 45.0 $ 308.0
Interest expense, net (74.6) 10.1 (64.5) (18.1) (82.6)
Other income, net 24.3 (17.6) 6.7 — 6.7
Income taxes (5.2) (41.4) (46.6) (6.2) (52.8)
Net income attributable to noncontrolling
interests (1.8) — (1.8) — (1.8)
Net income from continuing operations
attributable to Avient shareholders $ 132.0 $ 24.8 $ 156.8 $ 20.7 $ 177.5
Weighted average diluted shares 90.6
Impact to diluted shares from January 2020 equity offering 1.5
Pro forma weighted average diluted shares 92.1
Pro forma adjusted EPS $ 1.93
(1) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition
3
Year Ended
December 31, 2019
Reconciliation of Pro Forma Adjusted
Earnings per Share Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(1)
Pro Forma
Adjusted
Avient
Sales $ 2,862.7 $ — $ 2,862.7 $ 1,118.6 $ 3,981.3
Operating income $ 156.8 $ 71.7 $ 228.5 $ 72.9 $ 301.4
Interest expense, net (59.5) — (59.5) (33.4) (92.9)
Other income, net 12.1 (10.0) 2.1 — 2.1
Income taxes (33.7) (5.9) (39.6) (9.1) (48.7)
Net income attributable to noncontrolling
interests (0.2) — (0.2) — (0.2)
Net income from continuing operations
attributable to Avient shareholders $ 75.5 $ 55.8 $ 131.3 $ 30.4 $ 161.7
Weighted average diluted shares 77.7
Impact to diluted shares from January 2020 equity offering 15.3
Pro forma weighted average diluted shares 93.0
Pro forma adjusted EPS $ 1.74
(1) - Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects of the financing for the acquisition
Return on Invested Capital
Year Ended
December 31, 2006
Short term debt $ 5.2
Current portion of long term debt 22.5
Long term debt 567.7
Shareholder's equity 574.5
Invested capital $ 1,169.9
Cash 66.2
Current invested capital (net) $ 1,103.7
Adjusted operating income 87.5
Current tax rate 0.33
Return on invested capital 5.3 %
Year Ended
December 31,
Reconciliation to Enterprise Value / Adjusted EBITDA 2011 2016
Net income from continuing operations – GAAP $ 172.6 $ 165.0
Income tax expense 26.1 57.3
Interest expense 33.7 59.8
Depreciation and amortization from continuing operations 57.5 105.9
EBITDA $ 289.9 $ 388.0
Special items, before tax (46.7) 35.3
SunBelt equity income (5.7) —
Depreciation and amortization included in special items — (5.4)
Adjusted EBITDA $ 237.5 $ 417.9
Enterprise value(2) $ 1,542.0 $ 3,763.0
Enterprise value / adjusted EBITDA 6.5 9.0
(2) - Enterprise value is defined as market capitalization plus net debt
4
AVNT 2021 Investor Day adfa.pdf
AVNT 2021 Investor Day.pdf
AVNT 2021 Investor Day.pdf
AVNT 2021 Investor Day - Final.pdf
2021 Investor Day Recs v3 12.2 (002).pdf
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Luxembourg.pdf
Seller shall have the right to terminate an order
confirmation with immediate effect if at any time prior to delivery,
a person or group of persons who are unrelated to the persons
controlling Buyer as of the date of the order confirmation, acquires
control, through ownership of voting securities or otherwise, over
Buyer.
In the event of invalidity of a provision of these
Terms, the parties shall deem that provision stricken in its entirety
and the balance of these Terms shall remain in full force and effect.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Finland.pdf
Seller
shall have the right to terminate an order confirmation with
immediate effect if at any time prior to delivery, a person or group
of persons who are unrelated to the persons controlling Buyer as of
the date of the order confirmation, acquires control, through
ownership of voting securities or otherwise, over Buyer.
In the event of invalidity of a provision of these Terms,
the parties shall deem that provision stricken in its entirety and the
balance of these Terms shall remain in full force and effect.
25.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Hungary.pdf
Seller
shall have the right to terminate an order confirmation with
immediate effect if at any time prior to delivery, a person or group
of persons who are unrelated to the persons controlling Buyer as of
the date of the order confirmation, acquires control, through
ownership of voting securities or otherwise, over Buyer.
In the event of invalidity of a provision of these Terms,
the parties shall deem that provision stricken in its entirety and the
balance of these Terms shall remain in full force and effect.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the United Kingdom.pdf
Seller
shall have the right to terminate an order confirmation with
immediate effect if at any time prior to delivery, a person or group
of persons who are unrelated to the persons controlling Buyer as of
the date of the order confirmation, acquires control, through
ownership of voting securities or otherwise, over Buyer.
In the event of invalidity of a provision of these Terms,
the parties shall deem that provision stricken in its entirety and the
balance of these Terms shall remain in full force and effect.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - English.pdf
You also are entitled to withdraw any
consent that you might have given with respect to the processing of your personal information at any time
with future effect.
Effective Date: August 1, 2020
mailto:PRIVACY.OFFICER@POLYONE.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@POLYONE.COM
https://www.avient.com/sites/default/files/resources/AquaMix-_Fact_Sheet__72831-B_%25281%2529.pdf
P1PC-011AquamixFactSheet2.indd
Aquamix™ Dispersions & Emulsions
Fact Sheet
Ingredient Product % Activity
Using 40 years of customization and technical expertise, Aquamix dispersions and emulsions
from PolyOne® Chemists help latex formulators, adhesive manufacturers, specialty coatings
producers, and polymer manufacturers shorten development cycles, streamline operations, and
more effectively use resources.
UV Stabilizer Dispersion
Tinuvin® P Aquamix 150 50 UV absorber to prevent UV degradation
Slab Dip Dispersions
Clay Aquamix 186 65
Zinc Stearate Aquamix 394 25
Wax Amide Aquamix 1124 20
Calcium Stearate Aquamix 1172 50
Chemical Name / Comments
17 in
11 in
17.25 in
11.25 in
CMYK P1PC-011AquamixFactSheet2.indd REMAY 72831-B Zig
trim: 17.000" x 11.000" bleed: .125" Digital/IAM
QC˛______ ______ Client˛_____ _____
Date ____/____/____ Proof No.4______
25 50 100 25 50 100
25
2
2 50 100 25
2
2 50 100
Asset No. 72831-B
Aquamix™ Dispersions & Emulsions
Fact Sheet
Ingredient Product % Activity
Using 40 years of customization and technical expertise, Aquamix dispersions and emulsions
from PolyOne® Chemists help latex formulators, adhesive manufacturers, specialty coatings
producers, and polymer manufacturers shorten development cycles, streamline operations, and
more effectively use resources.
https://www.avient.com/sites/default/files/2023-06/Terms and Conditions of Sale for the Netherlands.pdf
Seller shall have the right to terminate an
order confirmation with immediate effect if at any time prior to
delivery, a person or group of persons who are unrelated to the
persons controlling Buyer as of the date of the order confirmation,
acquires control, through ownership of voting securities or
otherwise, over Buyer.
In the event of invalidity of a provision of these Terms,
the parties shall deem that provision stricken in its entirety and the
balance of these Terms shall remain in full force and effect.