https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
The above list of factors is not exhaustive.
We will uphold these values
with the utmost integrity in all that we do.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 84% Median: 75%
HIGH FREE CASH FLOW
CONVERSION
0.5x
1.9x
2.8x
4.5x
-0.1x
1.8x
1.9x
2.2x 2.3x 2.4x
2.9x 3.0x 3.0x
3.2x
3.4x 3.4x
3.8x 3.9x
4.8x
t (
20
t (
21
Net Debt / 2021E EBITDA (1)
We typically operate at 2.5–3.0x net
debt to EBITDA.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
The above list of factors is not exhaustive.
The non-GAAP financial measures include: adjusted EPS, adjusted operating income, free cash flow
and adjusted EBITDA.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 81% Median: 78%
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M)
87
90
86
82 80 78
73
87
82 82 79 79 78 78 77 76
71
67
46
en
t
(6)
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the median of other
selected chemical / specialty
companies.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
The above list of factors is not exhaustive.
We also monitor earnings (defined as net income from continuing operations) before interest,
taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a
supplement to our GAAP measures.
EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses
in evaluating operating performance.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
The above list of factors is not exhaustive.
We will uphold these values
with the utmost integrity in all that we do.
EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses
in evaluating operating performance.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
The above list of factors is not exhaustive.
The non-GAAP financial measures include: adjusted EPS, adjusted operating income, free cash flow
and adjusted EBITDA.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 84% Median: 77%
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M)
87 89 87 86
82 81
76
88 87 84
82 81
78 77 77 77 76 73
70
69
50
19
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the majority of our
chemical peers.
https://www.avient.com/investor-center/news/polyone-shareholders-approve-all-proposals-2018-annual-meeting
NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, today held its 2018 annual meeting of shareholders, during which time all presented proposals before shareholders were approved.
View original content:http://www.prnewswire.com/news-releases/polyone-shareholders-approve-all-proposals-at-2018-annual-meeting-300650536.html
https://www.avient.com/news/polyone-shareholders-approve-all-proposals-2015-annual-meeting
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//
News Center
//
PolyOne Shareholders Approve All Proposals at 2015 Annual Meeting
CLEVELAND – PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, today held its 2015 annual meeting of shareholders, during which time all presented proposals before shareholders were approved.
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
• The above list of factors is not exhaustive.
• We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
The non-GAAP financial measures
include: adjusted EPS, earnings before interest, tax, depreciation and
amortization (EBITDA), adjusted EBITDA, net debt, Specialty platform operating
income, Specialty platform gross margin percentage, adjusted operating income,
return on invested capital, net debt/ EBITDA, and the exclusion of corporate
charges in certain calculations.
Average Debt Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Average
PolyOne Debt $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 987.7 $ 897.3
Average Equity Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Average
PolyOne shareholders’ equity $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 996.6 $ 824.1
Reconciliation to Condensed Consolidated Balance Sheets YTD 2013
Short-term debt and current portion of long-term debt $ 9.9
Long-term debt 977.8
Less cash and cash equivalents (322.8)
Net debt $ 664.9
Adjusted EBITDA Q4 2012 Q1 2013 Q2 2013 Q3 2013 Total
PolyOne Income before income taxes $ (1.1) $ 15.7 $ 62.9 $ 38.8 $ 116.3
PolyOne Interest expense, net 13.7 15.6 16.6 16.0 61.9
PolyOne Depreciation and amortization 15.5 19.0 25.8 30.3 90.6
PolyOne Special items in EBITDA 26.5 27.7 (5.2) 11.2 60.2
PolyOne Adjusted EBITDA 54.6 78.0 100.1 96.3 329.0
Pro forma Spartech EBITDA 14.7 11.2 - - 25.9
Pro forma EBITDA $ 69.3 $ 89.2 $ 100.1 $ 96.3 $ 354.9
CFA Society Cleveland �Midwest Investment Conference 2013��PolyOne Investor Presentation �November 19, 2013�
Forward – Looking Statements
Use of Non-GAAP Measures
Strategy and Execution Drive Results
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
We are Experts in Polymer Science and Formulation
Positioned for Strong Growth
Q3 2013 Financial Highlights
Debt Maturities & Liquidity Summary – 9/30/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
The above list of factors is not exhaustive.
We will uphold these values
with the utmost integrity in all that we do.
EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses
in evaluating operating performance.
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Kalol, India 68.
Pune, India 69.
Rania, India 70.