https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for France.pdf
Unless otherwise agreed, prices are net, excluding transport and taxes, on the basis of the rates communicated to Buyer on the date the order is placed. 4.
If Buyer has a dispute with respect to an invoice, Buyer must notify Seller within ten (10) business days after the date of invoice.
Any times or dates for delivery communicated by Seller (including those contained in Seller’s order confirmation) are estimates only and are not terms of the sale.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
To provide comparable financial results, the Company references “pro forma” financial metrics, which include the business results of CMB for periods prior to the Acquisition Date.
Free Cash Flow Calculation Year Ended December 31, 2020 Cash provided (used) by operating activities $ 221.6 Capital expenditures (63.7) Free Cash Flow 157.9 Payment of post-acquisition date earnout liability 38.1 Taxes paid on gain on divestiture 142.0 Adjusted Free Cash Flow $ 338.0 Year Ended December 31, 2019 Free Cash Flow Calculation Total Discontinued Operations Continuing Operations Cash provided by operating activities $ 300.8 $ 74.4 $ 226.4 Capital expenditures 81.7 14.1 67.6 Free Cash Flow $ 219.1 $ 60.3 $ 158.8 6 Avient Q4 Earnings and 2021 Outlook.pdf Avient February IR Presentation.pdf Avient IR Presentation - Goldman Sachs and Morgan Stanley - Website.pdf Avient Q4 Earnings and 2021 Outlook.pdf Avient Q4 Earnings and 2021 Outlook.pdf Avient Q4 Earnings and 2021 Outlook.pdf Avient Q4 Earnings and 2021 Outlook.pdf Avient Q4 Earnings and 2021 Outlook.pdf 2.5.21 IR Deck Attachments clean
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
Eastern Time on July 30, 2021. 3 *Pro Forma The company acquired the Clariant Masterbatch business (“CMB”) on July 1, 2020 (the “Acquisition Date”).
Three Months Ended June 30, 2021 2020 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results $ 89.8 $ 14.2 $ 104.0 $ 31.3 $ 2.4 $ 33.7 Income tax expense - GAAP (20.4) — (20.4) (7.9) — (7.9) Income tax impact of special items (Attachment 3) — (3.4) (3.4) — (0.7) (0.7) Tax adjustments (Attachment 3) — 0.9 0.9 — 0.9 0.9 Income tax (expense) benefit $ (20.4) $ (2.5) $ (22.9) $ (7.9) $ 0.2 $ (7.7) Effective Tax Rate(1) 22.7 % 22.0 % 25.1 % 22.5 % (1) Rates may not recalculate from figures presented herein due to rounding 13 Six Months Ended June 30, 2021 2020 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results $ 192.4 $ 16.6 $ 209.0 $ 76.3 $ 12.0 $ 88.3 Income tax expense - GAAP (43.3) — (43.3) (19.8) — (19.8) Income tax impact of special items (Attachment 3) — (4.3) (4.3) — (2.7) (2.7) Tax adjustments (Attachment 3) — 2.0 2.0 — 1.9 1.9 Income tax (expense) benefit $ (43.3) $ (2.3) $ (45.6) $ (19.8) $ (0.8) $ (20.6) Effective Tax Rate(1) 22.5 % 21.8 % 25.9 % 23.3 % (1) Rates may not recalculate from figures presented herein due to rounding The following pro forma adjustments are referenced by management to provide comparable business performance by incorporating the Clariant Masterbatch business in periods prior to the acquisition date (July 1, 2020).
Reconciliation of Pro Forma Adjusted Earnings per Share: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Year Ended December 31, 2020 Net income from continuing operations attributable to Avient shareholders $ 23.0 $ 56.1 $ 132.0 Special items, after tax 2.6 11.2 24.8 Adjusted net income from continuing operations excluding special items 25.6 67.3 156.8 Clariant MB pro forma adjustments to net income from continuing operations(2) 12.9 20.7 20.7 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 38.5 $ 88.0 $ 177.5 Weighted average diluted shares 91.8 89.4 90.6 Pro forma impact to diluted shares from January 2020 equity offering(2) — 2.9 1.5 Pro forma weighted average diluted shares 91.8 92.3 92.1 Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 0.42 $ 0.95 $ 1.93 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 14 Three Months Ended June 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 609.1 $ — $ 609.1 $ 261.1 $ 870.2 Operating income $ 38.0 $ 9.0 $ 47.0 $ 22.0 $ 69.0 Interest expense, net (16.2) — (16.2) (5.3) (21.5) Other income, net 9.5 (6.6) 2.9 — 2.9 Income taxes (7.9) 0.2 (7.7) (3.8) (11.5) Net income attributable to noncontrolling interests (0.4) — (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 23.0 $ 2.6 $ 25.6 $ 12.9 $ 38.5 Weighted average diluted shares 91.8 Pro forma adjusted EPS $ 0.42 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition Six Months Ended June 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share: Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 1,320.6 $ — $ 1,320.6 $ 540.5 $ 1,861.1 Operating income $ 90.8 $ 18.7 $ 109.5 $ 45.0 $ 154.5 Interest expense, net (25.6) — (25.6) (18.1) (43.7) Other income, net 11.1 (6.7) 4.4 — 4.4 Income taxes (19.8) (0.8) (20.6) (6.2) (26.8) Net income attributable to noncontrolling interests (0.4) — (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 56.1 $ 11.2 $ 67.3 $ 20.7 $ 88.0 Weighted average diluted shares 89.4 Impact to diluted shares from January 2020 equity offering 2.9 Pro forma weighted average diluted shares 92.3 Pro forma adjusted EPS $ 0.95 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 15 Reconciliation of EBITDA by Segment Three Months Ended June 30, Six Months Ended June 30 2021 2020 2021 2020 Operating income: Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8 Specialty Engineered Materials 37.3 17.0 71.5 39.3 Distribution 23.7 14.6 47.7 34.0 Corporate and eliminations (39.2) (25.9) (65.8) (55.3) Operating income $ 108.1 $ 38.0 $ 228.5 $ 90.8 Items below OI in Corporate: Other income, net $ 1.2 $ 9.5 $ 2.7 $ 11.1 Depreciation & amortization: Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6 Specialty Engineered Materials 8.1 7.6 15.9 15.1 Distribution 0.2 0.1 0.4 0.2 Corporate and eliminations 0.2 2.6 2.0 3.9 Depreciation & Amortization $ 33.8 $ 20.9 $ 70.9 $ 40.8 EBITDA: Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4 Specialty Engineered Materials 45.4 24.6 87.4 54.4 Distribution 23.9 14.7 48.1 34.2 Corporate and eliminations (39.0) (23.3) (63.8) (51.4) EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7 EBITDA as a % of Sales: Color, Additives and Inks 17.9 % 18.9 % 18.5 % 19.5 % Specialty Engineered Materials 18.9 % 15.5 % 19.1 % 15.8 % Distribution 5.9 % 6.2 % 6.3 % 6.5 % 16 Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Sales: Color, Additives and Inks $ 624.4 $ 226.8 $ 1,233.7 $ 483.3 Clariant MB pro forma adjustments(2) — 261.1 — 540.5 Pro forma sales $ 624.4 $ 487.9 $ 1,233.7 $ 1,023.8 Operating income: Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8 Clariant MB pro forma adjustments(2) — 22.0 — 45.0 Pro forma operating income $ 86.3 $ 54.3 $ 175.1 $ 117.8 Depreciation & amortization: Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6 Clariant MB pro forma adjustments(2) — 15.0 — 30.1 Pro forma depreciation & amortization $ 25.3 $ 25.6 $ 52.6 $ 51.7 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4 Clariant MB pro forma adjustments(2) — 37.0 — 75.1 Pro forma EBITDA $ 111.6 $ 79.9 $ 227.7 $ 169.5 Pro forma EBITDA as a % of Sales 17.9 % 16.4 % 18.5 % 16.6 % (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition Three Months Ended June 30, Six Months Ended June 30, Reconciliation to Pro Forma Adjusted EBITDA: 2021 2020 2021 2020 Net income from continuing operations – GAAP $ 69.4 $ 23.4 $ 149.1 $ 56.5 Income tax expense 20.4 7.9 43.3 19.8 Interest expense 19.5 16.2 38.8 25.6 Depreciation and amortization from continuing operations 33.8 20.9 70.9 40.8 EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7 Special items, before tax 14.2 2.4 16.6 12.0 Interest expense included in special items — (0.5) — (0.5) Depreciation and amortization included in special items 1.4 (1.2) 0.8 (1.2) Adjusted EBITDA $ 158.7 $ 69.1 $ 319.5 $ 153.0 Clariant MB pro forma adjustments(2) — 37.0 — 75.1 Pro forma adjusted EBITDA $ 158.7 $ 106.1 $ 319.5 $ 228.1 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Patterson: Chairman, President and Chief Executive Officer, May 2016 to date.
Beggs: Senior Vice President, Chief Financial Officer, August 2020 to date.
SARs have contractual terms of ten years from the date of the grant.
https://www.avient.com/sites/default/files/2021-01/certificate-of-amendment-modification-avient-colorants-canada-inc.pdf
Certificate of Amendment Loi canadienne sur les sociétés par actionsCanada Business Corporations Act Certificat de modification Avient Colorants Canada Inc. 942266-8 Corporate name / Dénomination sociale Corporation number / Numéro de société Raymond Edwards Date of amendment (YYYY-MM-DD) Date de modification (AAAA-MM-JJ) Director / Directeur 2021-01-15 I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business Corporations Act as set out in the attached articles of amendment.
https://www.avient.com/sites/default/files/2021-01/amendment-to-articles-commercial-registration-avient-corporation.pdf
DATE 04/23/2020 DOCUMENT ID 202011402526 NAME RESERVATION (NRO) DESCRIPTION FILING 39.00 EXPED 100.00 CERT 0.00 COPY 0.00 Receipt Effective Date: 04/23/2020 DOC ID ----> 202018203934 180 East Broad Street, 16th Floor Columbus, OH 43215 (877) 767-6446 | (614) 466-2655 info@OhioSecretaryofState.gov www.OhioSecretaryofState.gov June 22, 2020 CT Corporation System Attn: Ken Brown 4400 Easton Common Way, Suite 125 Columbus, OH 43219 Re: Preclearance of Certificate of Amendment Dear: Mr.
NOW, THEREFORE, BE IT RESOLVED, that, effective as of the time and date that the applicable certificate is accepted for filing by the Ohio Secretary of State (the “Effective Time”), the name of the Company shall be changed from “PolyOne Corporation” to “Avient Corporation.”
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
FEARON Director Date: February 19, 2019 Richard H.
GOFF Director Date: February 19, 2019 Gregory J.
PREETE Director Date: February 19, 2019 Kerry J.
https://www.avient.com/sites/default/files/2021-05/avient-colorants-singapore-name-change-certificate-may-17-2021.pdf
Any change in company name effected before 13 Jan 2003 will not be listed) TAN YONG TAT ACCOUNTING AND CORPORATE REGULATORY AUTHORITY : 17/05/2021 : Dated SINGAPORE ACRA210517158352Receipt Number ASST REGISTRAR OF COMPANIES & BUSINESS NAMES Authentication No. : A21361131U
https://www.avient.com/sites/default/files/2023-06/Maxxam - EV Part - Application Snapshot.pdf
KUNSTSTOFF SCHWANDEN E L E C T R I C V E H I C L E P A R T • Replace aluminum to reduce part weight and overall weight of the electric vehicle • Secure supply of high volume of material • Flexible delivery • Cost competitive • Enabled OEM to replace metal and reduce part weight • Provided excellent customer service, sending samples and technical data promptly • Supported customer with processing queries • Secured material supply and flexible delivery – delivering on a specific date each month Maxxam™ Polyolefin Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-09/QRG language setup in CSP.pdf
Based on the language/region you select, the date format will automatically update. https://compass.coupa.com/en-us/products/product-documentation/supplier-resources/for-suppliers/core-supplier-onboarding/announcements-and-general-info/supported-languages-in-the-csp