https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
These core values, which begin with our individual decisions and actions, focus our
attention on putting the customer first by creating genuine value through collaboration,
innovation and an unwavering commitment to excellence.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
These core values, which begin with our individual decisions and actions, focus our
attention on putting the customer first by creating genuine value through collaboration,
innovation and an unwavering commitment to excellence.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
These core values, which begin with our individual decisions and actions, focus our
attention on putting the customer first by creating genuine value through collaboration,
innovation and an unwavering commitment to excellence.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
These core values, which begin with our individual decisions and actions, focus our
attention on putting the customer first by creating genuine value through collaboration,
innovation and an unwavering commitment to excellence.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
In addition, a recording of the audio will be available for one week, beginning at 11:00 a.m.
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
ASSETS
Current assets:
Cash and cash equivalents $ 601.2 $ 649.5
Accounts receivable, net 642.3 516.6
Inventories, net 461.1 327.5
Other current assets 128.1 108.5
Total current assets 1,832.7 1,602.1
Property, net 676.1 694.9
Goodwill 1,286.4 1,308.1
Intangible assets, net 925.2 1,008.5
Operating lease assets, net 74.1 80.9
Other non-current assets 208.4 176.0
Total assets $ 5,002.9 $ 4,870.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 8.6 $ 18.6
Accounts payable 553.9 471.7
Current operating lease obligations 24.2 25.1
Accrued expenses and other current liabilities 359.6 285.6
Total current liabilities 946.3 801.0
Non-current liabilities:
Long-term debt 1,850.3 1,854.0
Pension and other post-retirement benefits 100.0 115.0
Deferred income taxes 100.6 140.0
Non-current operating lease obligations 50.1 56.0
Other non-current liabilities 165.1 192.8
Total non-current liabilities 2,266.1 2,357.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,774.7 1,697.1
Noncontrolling interest 15.8 14.6
Total equity 1,790.5 1,711.7
Total liabilities and equity $ 5,002.9 $ 4,870.5
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
Operating activities
Net income $ 230.6 $ 133.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 144.2 111.8
Accelerated depreciation 1.7 3.2
Share-based compensation expense 11.2 11.3
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (143.1) (4.6)
(Increase) decrease in inventories (139.5) 40.2
Increase in accounts payable 95.3 78.4
(Decrease) increase in pension and other post-retirement benefits (10.9) 30.7
Increase in post-acquisition earnout liabilities — 1.0
Increase (decrease) in accrued expenses and other assets and liabilities, net 44.3 (3.7)
Taxes paid on gain on divestiture — (142.0)
Payment of post-acquisition date earnout liability — (38.1)
Net cash provided by operating activities 233.8 221.6
Investing activities
Capital expenditures (100.6) (63.7)
Business acquisitions, net of cash acquired (47.6) (1,380.2)
Net proceeds from divestiture — 7.1
Other investing activities (2.0) 5.2
Net cash used by investing activities (150.2) (1,431.6)
Financing activities
Debt offering proceeds — 650.0
Purchase of common shares for treasury (4.2) (22.4)
Cash dividends paid (77.7) (71.3)
Repayment of long-term debt (18.5) (7.8)
Payments on withholding tax on share awards (10.7) (2.3)
Debt financing costs — (9.5)
Equity offering proceeds, net of underwriting discount and issuance costs — 496.1
Payment of acquisition date earnout liability — (50.8)
Other financing activities (3.5) —
Net cash (used) provided by financing activities (114.6) 982.0
Effect of exchange rate changes on cash (17.3) 12.8
Decrease in cash and cash equivalents (48.3) (215.2)
Cash and cash equivalents at beginning of year 649.5 864.7
Cash and cash equivalents at end of year $ 601.2 $ 649.5
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and
administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation
costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by
the chief operating decision maker.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022.pdf
But it’s more than just transitioning to
renewable energies: it’s designing out waste and pollution before production and
manufacturing even begin.
https://www.avient.com/sites/default/files/resources/FAQs%2520for%2520PolyOne%2520GHS%2520Requirements%2520Ver%252006%2520April%25202015.pdf
Beginning in mid-April 2014, PolyOne
PolyOne FAQs for the Globally Harmonized System (GHS) Safety Data Sheets (SDS) and Product Labeling.
https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
Simply choose the
system that is best
suited to your process
and throughput;
the state-of-the-art
controller units on each
model feature simple
and intuitive operation
panels—so you can
begin working with your
FlexCart system right
away.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Our strong foundation is a
crucial component for the journey we are beginning
in this next chapter for Avient.
I
begin my tenure at Avient enthusiastically optimistic that these
ideas are fully achievable for us with our management team’s
commitment and focus.
Certain European jurisdictions are in the process of enacting
legislation to adopt GloBE rules with effective dates beginning in 2024.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_USA.pdf
These core values, which begin with our
individual decisions and actions, focus our attention on putting the customer first
by creating genuine value through collaboration, innovation and an unwavering
commitment to excellence.
These personal values begin with each of us—the
judgments and decisions we make as individuals affect the way Avient is viewed in the
marketplace and in the communities where we work.
Personal Values
Integrity, Honesty and Respect
Integrity, Honesty and Respect begin with each of us—the
judgments and decisions we make as individuals affect
the way Avient is viewed in the marketplace and in the
communities where we work.