https://www.avient.com/sites/default/files/resources/8.31.19%2520Investor%2520Presentation.pdf
Non-GAAP financial measures have
limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP.
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2018
Net income from continuing operations attributable to
PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1
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
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)
Adjusted net income from continuing operations
attributable to PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4
Adjusted EPS attributable to PolyOne common
shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation
Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position
reserves and deferred income tax valuation allowance adjustments.
https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520May19.pdf
Non-GAAP financial measures have
limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP.
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2018
Net income from continuing operations attributable to
PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1
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
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)
Adjusted net income from continuing operations
attributable to PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4
Adjusted EPS attributable to PolyOne common
shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation
Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position
reserves and deferred income tax valuation allowance adjustments.
https://www.avient.com/investors/financials
Why Invest In Avient?
Portfolio: Aligned to high-growth market segments and secular trends
Avient Company Officers
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2018-results
Adjusted EPS expands 15% to a new first quarter record of $0.68 driven by a 20% increase in operating income from Color, Additives and Inks
Adjusted earnings per share expanded to
from
https://www.avient.com/sites/default/files/2024-11/Avient Announces Registration Details for December 4th Investor Day.pdf
Ashish Khandpur, President and Chief Executive Officer of Avient
Corporation.
Our strategy is focused on delivering growth with margin expansion by intersecting
the needs of our customers and secular market trends with our broad portfolio of technologies.”
Investor Day participants will hear presentations from Dr.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
These specialized
polymers offer advantages compared to traditional materials that include design freedom, processability, weight
reduction, chemical resistance, flame retardance and lower cost.
Our technical and market
expertise enables us to expand the performance range and structural properties of traditional engineering-grade
thermoplastic resins to meet evolving customer needs.
Our pension investment strategy is to diversify the portfolio among asset categories to enhance the portfolio’s risk-
adjusted return as well as insulate it from exposure to changes in interest rates.
https://www.avient.com/news/sustainability-beyond-lightweighting-avient-features-recycled-content-composites-camx-2022
Avient is committed to helping customers meet their sustainability goals in various ways through its composites portfolio.
Avient is exhibiting in Hall C, Booth U32 at CAMX in Anaheim, California, from October 18-20, 2022.
Learn more about Avient’s Advanced Composites and Engineered Fiber product portfolios here.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
In addition, the acquisition of Clariant’s color business in July 2020 has been
transformational to our portfolio and helped us become the specialty formulator we are today.
The non-GAAP financial measures include: adjusted EPS, adjusted
operating income, free cash flow, adjusted EBITDA and net debt.
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
mailto:giuseppe.disalvo@avient.com
mailto:kyle.rose@avient.com
7
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1
Operating Income 74.0 65.0 381.2 189.3
Net income from continuing operations attributable to Avient
shareholders 29.8 74.2 230.8 132.0
Basic earnings per share from continuing operations attributable to
Avient shareholders $ 0.33 $ 0.81 $ 2.53 $ 1.47
Diluted earnings per share from continuing operations attributable to
Avient shareholders $ 0.32 $ 0.81 $ 2.51 $ 1.46
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and
diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items,
to assess performance and facilitate comparability of results.
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/gordon-glass-archery-bow-limbs
Overview: Avient Advanced Composites
Explore our thermoset composite portfolio
Explore our thermoset composite portfolio
https://www.avient.com/investor-center/news/polyone-acquires-gordon-composites-and-polystrand
existing portfolio of complementary solutions in a new comprehensive platform to be called PolyOne Advanced Composites.
With these acquisitions we've built upon our past success and portfolio of composite solutions to now serve our customers more comprehensively than ever before," said
They are great additions to our growing specialty portfolio, which remains unmatched in the industry," said