https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
N O V E M B E R 2 0 2 3
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Continue fostering our Great Place
to Work® culture
Strategic Objectives
Long Term
Growth
Rates
Growth Drivers
$340
$455
$790
$1,120
2016 2018 2020 2023E
$51
$84
$212
$650
2016 2018 2020 2023E
$108 $113
$231 $230
2016 2018 2020 2023E
$265
$358
$726 $730
2016 2018 2020 2023E
8-12% 8-10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable Growth Great Place to Work
5.4%
10.9%
16.0%
2006 2014 2023E
EBITDA Margins
$0.14
$1.93
$2.30
2006 2014 2023E
Adjusted EPS
TOP -T IE R S US TAINABIL IT Y P E RF ORM ANCE
AND RE COGNIT ION
Industry Sustainability Standards
ESG Ratings Performance
1
3
5
5
87th
94th
percentile
Innovation is the lifeblood of a specialty company.
Three Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Reconciliation to Condensed Consolidated Statements of Income: $ EPS $ EPS
Net income (loss) from continuing operations attributable to Avient
shareholders $ 5.1 $ 0.06 $ (27.4) $ (0.30)
Special items, after tax 32.0 0.35 68.3 0.75
Amortization expense, after-tax 15.2 0.16 $ 13.4 $ 0.14
Adjusted net income / EPS $ 52.3 $ 0.57 $ 54.3 $ 0.59
Three Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Sales - GAAP $ 753.7 $ 823.3
Pro Forma APM adjustments — 60.7
Pro forma adjusted sales $ 753.7 $ 884.0
Net income from continuing operations – GAAP $ 5.1 $ (27.8)
Income tax (benefit) expense (0.1) (1.2)
Interest expense, net 30.3 37.3
Depreciation and amortization 46.4 39.8
EBITDA from continuing operations $ 81.7 $ 48.1
Special items, before tax 43.2 82.0
Interest expense included in special items (2.2) (10.0)
Depreciation and amortization included in special items — (0.8)
Adjusted EBITDA $ 122.7 $ 119.3
Pro forma APM adjustments — 17.2
Pro forma adjusted EBITDA $ 122.7 $ 136.5
Pro forma adjusted EBITDA as a % of sales 16.3 % 15.4 %
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense, net 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA from continuing operations $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
Adjusted EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation to EBITDA and Adjusted EBITDA:
Three Months Ended
December 31, 2022
Net loss from continuing operations – GAAP $ (16.6)
Income tax benefit (60.8)
Interest expense, net 49.4
Depreciation and amortization 48.6
EBITDA from continuing operations $ 20.6
Special items, before tax 104.3
Interest expense included in special items (16.0)
Depreciation and amortization included in special items (1.5)
Adjusted EBITDA $ 107.4
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months Ended
December 31, 2022
Net loss from continuing operations attributable to Avient
shareholders $ (17.0)
Special items, after tax 38.3
Amortization expense, after-tax 14.6
Adjusted net income from continuing operations excluding special
items 35.9
Pro forma adjustments* 2.5
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4
Weighted average diluted shares 91.7
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
AVNT November IR Presentation (11.3) 3PM
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
What we do: We are a formulator
Slide Number 7
Avient protective materials �First Year
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Slide Number 25
Avient is asset light
Free cash flow conversion
Multiple expansion
Slide Number 29
Slide Number 30
Slide Number 31
2022 pro forma segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 35
IR Deck - AVNT-2023.09.30 Non GAAP Recs
Attachment
https://www.avient.com/sites/default/files/2021-05/avient-colorants-singapore-acra-business-profile-may-17-2021.pdf
: 27/05/2019
Company Type : PRIVATE COMPANY LIMITED BY SHARES
Status : Live Company
Status Date : 27/05/2019
Principal Activities
Activities (I) WHOLESALE OF CHEMICALS AND CHEMICAL PRODUCTS N.E.C. (46649):
: Description
MANUFACTURE OF ADDITIVES N.E.C. (20249): Activities (II)
: Description
Capital
CurrencyIssued Share Capital Share TypeNumber of Shares *
(AMOUNT)
3000000 SINGAPORE, DOLLARS ORDINARY3000000
* Number of Shares includes number of Treasury Shares
CurrencyPaid-Up Capital Share TypeNumber of Shares
(AMOUNT)
3000000 SINGAPORE, DOLLARS ORDINARY
Number Of Shares Currency
COMPANY HAS THE FOLLOWING ORDINARY SHARES HELD AS TREASURY SHARES
Page 1 of 4
Authentication No. : T21361090D
Date: 17/05/2021
ACCOUNTING AND CORPORATE REGULATORY AUTHORITY
WHILST EVERY ENDEAVOR IS MADE TO ENSURE THAT INFORMATION PROVIDED IS UPDATED AND CORRECT.
Date Registered
Source of
Address
ID
Officers/Authorised Representative(s)
Position Held
Nationality/CitizenshipName
Address
Date of Appointment
SOH SOCK LAN S1189628F SINGAPORE CITIZEN 01/06/2020ACRA
Director47 JURONG EAST AVENUE 1
#03-01
PARC OASIS
SINGAPORE (609780)
LIM JOO ANN S8679985E MALAYSIAN 01/06/2020ACRA
Director311 JURONG EAST STREET 32
#02-331
JURONG EAST 32
SINGAPORE (600311)
IAN NG FOOK YUN S2565916C SINGAPORE CITIZEN 27/05/2019ACRA
Secretary151 CAVENAGH ROAD
#09-161
CAVENAGH COURT
SINGAPORE (229628)
ANNA MARDIANA ALISJAHBANA S2205619J SINGAPORE CITIZEN 27/05/2019ACRA
Page 2 of 4
Authentication No. : T21361090D
Date: 17/05/2021
ACCOUNTING AND CORPORATE REGULATORY AUTHORITY
WHILST EVERY ENDEAVOR IS MADE TO ENSURE THAT INFORMATION PROVIDED IS UPDATED AND CORRECT.
LTD.
(201916958N)
(ACRA)
Source of
Address
ID
Officers/Authorised Representative(s)
Position Held
Nationality/CitizenshipName
Address
Date of Appointment
Secretary46 EASTWOOD ROAD
#04-06
LAGUNA 88
SINGAPORE (486356)
Shareholder(s)
Name
Address
ID Nationality/Citizenship
Place of incorporation/
Origin/Registration
Source of
Address
Address Changed
AVIENT SWITZERLAND GMBH T16UF0762F SWITZERLAND ACRA1
ROTHAUSSTRASSE 61
4132 MUTTENZ, SWITZERLAND
Ordinary(Number) Currency
3000000 SINGAPORE, DOLLARS
Abbreviation
UL - Local Entity not registered with ACRA
UF - Foreign Entity not registered with ACRA
AR - Annual Return
AGM - Annual General Meeting
FS - Financial Statements
OSCARS - One Stop Change of Address Reporting Service by Immigration & Checkpoint Authority.
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations
Therma-Tech offers designers a versatile material solution for a wide range of heat-sensitive applications – including housings for advanced driver assistance systems (ADAS) – where protecting sensitive electronics against hotspot formation is critical.
Uniform heat dissipation and reduced hot spot formation
https://www.avient.com/sites/default/files/2023-04/Avient_supplierFAQ.pdf
Purchase Orders
In what format will I receive now my purchase orders from Avient?
Select and open the applicable Coupa Notification email
2.
There, input the invoice number into the Invoice # field
4.
https://www.avient.com/investor-center/news/polyone-shareholders-approve-all-proposals-2017-annual-meeting
Farah was one of the original directors during the formation of
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Avient corporation first quarter 2023 results
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
F E B R U A R Y 2 0 2 4
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Continue fostering our Great
Place to Work® culture
Strategic Objectives
Long Term
Growth
Rates
Growth Drivers
$340
$455
$790
$1,135
2016 2018 2020 2023
$51
$84
$212
$645
2016 2018 2020 2023
$108 $113
$231 $230
2016 2018 2020 2023
$265
$358
$726 $725
2016 2018 2020 2023
8-12% 8-10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable Growth Great Place to Work
5.4%
10.9%
16.0%
2006 2014 2023
EBITDA Margins
$0.14
$1.93
$2.36
2006 2014 2023
Adjusted EPS
TOP -T IE R S US TAINABIL IT Y P E RF ORM ANCE
AND RE COGNIT ION
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
5
Avient CDP Score:
A-
F E B R U A R Y 1 4 , 2 0 2 4
W E B C A S T
P R E S E N T AT I O N
DR.
Three Months
Ended Year Ended
Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ 82.8
Special items, after tax 38.3 116.2
Amortization expense, after-tax 14.6 49.0
Adjusted net income from continuing operations excluding special
items 35.9 248.0
Pro forma adjustments* 2.5 13.6
APM pro forma amortization expense, after-tax* — 19.1
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4 $ 280.7
Weighted average diluted shares 91.7 92.2
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42 $ 3.04
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
Three Months Ended
December 31,
Year Ended
December 31,
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
https://www.avient.com/sites/default/files/2022-11/Packaging Anti-fog Whitepaper.pdf
Prevent fogging of your transparent
food packaging
Effective solutions exist to keep your packaging fog-free,
and recent developments make it easier than ever
2© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
INTRODUCTION
Fog formation on food packaging films frustrates
consumers, can lead to product spoilage, and
ultimately hinders sales.
Treat the film and then spray a coating onto
its surface after extrusion.
2.
They also save time and energy
by reducing the number of separate steps needed
to arrive at a finished film.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
Last year more than
3,500 associates participated in a physical activity focused on promoting healthy lifestyles in 57 events taking place in
22 countries.
In no single
year in our Company’s history has such a monumental specialty portfolio improvement taken place as in 2019.
Purpose.
2.
https://www.avient.com/news/avient-corporation-awarded-gold-sustainability-rating-ecovadis
October 2, 2023
Avient placed in the 94th percentile, or top 6 percent, of the more than 100,000 companies assessed by EcoVadis.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/investor-center/news/avient-hold-third-quarter-2023-conference-call
Thursday, November 2, 2023
Thursday, November 2, 2023
Great Place