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/2025-08/Avient Human Rights Policy July 2024.pdf
Regular engagement with these key stakeholders builds positive community relations, sets the expectation for open dialogue related to the effectiveness of our policy implementation, and assists with preparedness and collaboration in the event of an issue in our operations in that community.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
C O - C R E A T I O N . • 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/2025-05/AVNT May Investor Presentation_w_non-GAAP_0.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • disruptions or inefficiencies in our supply chain, logistics, or operations; • changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • fluctuations in raw material prices, quality and supply, and in energy prices and supply; • demand for our products and services; • production outages or material costs associated with scheduled or unscheduled maintenance programs; • unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • information systems failures and cyberattacks; • our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; • amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, tariffs, and any recessionary conditions; and • other factors described in our Annual Report on Form 10-K under Item 1A, “Risk Factors.”
Senior management believes these measures 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/2022-09/Avient Discontinued Operations Financial Information.pdf
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties 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; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.
Senior management believes these measures 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/2023-06/Terms and Conditions of Sale for the U.S.%5B17%5D.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/2024-12/Terms and Conditions of Sale for Hong Kong %28English%29.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/2024-12/Terms and Conditions of Sale for Singapore %28English%29.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/2024-12/Terms and Conditions of Sale for Thailand %28English%29.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 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.