https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Tax services include tax compliance, tax advice and tax planning.
The number of SARs withheld to
cover taxes and the exercise price, and the net number of shares acquired as a result of SAR exercises during 2023 is as follows: Mr.
The number of shares withheld to cover taxes is as follows:
Ms.
https://www.avient.com/sites/default/files/2022-03/Fiber-Line Coating Selection Guide.pdf
FIBER-LINE™
PERFORMANCE
ENHANCING COATINGS
PRODUCT SELECTION GUIDE
FIBER-LINE™ COATING SELECTION GUIDE
COATING
Bondcoat™
Adhesion
Enhancing
Colorcoat™
Fiber Color
Packcoat™
Performance
Enhancing
Protexcoat™
UV Resistant
Swellcoat™
Blocker Water
Blocking
Swellcoat™
Water Absorbing
Wearcoat™
High Abrasion
Blockcoat™
Anti-Wicking
Repelcoat™
Water Repellant
Flamecoat™
Flame Resistant
FEATURES
• Created for
applications where
an untreated fiber
does not have the
ability to provide the
appropriate amount
of bonding
characteristics to
another material
• Provides adhesion to
another fiber or
substrate without
impacting other
performance
properties
• Improves adhesion
of the fiber to the
resin matrix it is
introduced into
• Enables industry
standard “burst”
tests or stringent
delamination
analysis
• Designed to achieve
vibrant colors for
safety, identification,
and aesthetics
• Specialized formulas
and binders adhere
the pigment to the
exterior of the
individual filaments,
while impregnating
deep into the fiber
bundle
• Available by Pantone
or RAL number
• Compatible with a
variety of composite
resins including
epoxy, polyurethane,
and polyethylene
• Stronger than
solution-dyed fibers
• Designed to add
lubricity and
temperature
resistance at the
filament level for
braided compression
packing
• Coating at the fiber
level versus the
finished braid
achieves higher %
level coating
• Fiber level coating
extends the life of
the braid and
reduces required
maintenance
• Various formulations
available
• PTFE, silicone,
graphite, and
mineral oil
• Created for high
performance fibers
that lack inherent
ultraviolet (UV)
resistance
• Coating impregnates
the individual fibers
with a specialized
resin for improved
UV protection
• Coating
enhancements
include UV inhibitors,
absorbers and
stabilizers
• Improves the
processing of the
product via reduced
filament snagging
and friction
• Low level water-
blocking finish for
any technical fiber or
textile substrate
• Provides water-
blocked strength
reinforcements for
dry cable designs
• Can absorb 5x to 15x
its weight in water
• Dust-free coating
imparts a very soft
fiber hand,
advantageous to
cable, rope, and
other textile
processes
• Patented technology
incorporates super
absorbent polymer (SAP)
suspended in a
proprietary resin matrix
• Used in the production
of ‘dry-dry’
telecommunications,
electromechanical,
seismic, umbilical and
power cables
• Can absorb up to 100x
its weight in water
• Creates a stable gel
when exposed to water
• Functionally replaces
flooding compounds,
filling gels, spun SAF
yarns, and water
blocking tapes
• Enables faster, more
economical and robust
cable manufacturing
• Increases durability and
abrasion resistance by
encapsulating filaments
in the fiber bundle
• Extends the life of the
product by reducing the
effects of friction and
yarn on yarn abrasion
• Protects the fiber
from degradation and
filamentation
• Ideal for high abrasion
and high friction
applications in a range
of fiber constructions
and environments
• Wicking refers to the
tendency of a yarn
or other fiber to draw
moisture into filaments
via capillary action
• Coatings designed to
prevent moisture from
wicking within and
between fibers and
strands
• Protects Wire or Optical
Fiber from damaging
effects of moisture,
which can cause a drop
in signal and attenuation
• Hydrophobic additives
used to promote and
enhance water
repellancy in industrial
applications
• Creates a waterproof
barrier that prevents
moisture from further
migration
• Applied at various %
levels to optimize for
water-proof ratings
• Designed to inhibit or
slow the spread of
fire/flame
• Coupled to fibers with
inherent flame and
thermal resistance to
boost performance
• Added to fibers with
weak flame resistance
to improve burn rating
SUITABLE
FIBERS
• Technora® Fiber
• UHMWPE
• Graphite Fiber
• PTFE Fiber
• Technora® Fiber
• PET Polyester
(All shrinks)
• UHMWPE
• Vectran® LCP
• Technora® Fiber
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• UHMWPE
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• Vectran® LCP
• PET Polyester
(All shrinks)
PRODUCTS
• Belt & Hose
Reinforcement Yarn
• Braided compression
rings and seals
• Valve stem packing
• Pump packing
• Filler Yarn
• Synthetic Wire Rope
• Buffer Thread
• Filler Yarn
• FRP Rod
• Synthetic Wire Rope
Kevlar® and Nomex® are trademarks of DUPONT SAFETY & CONSTRUCTION, INC.
https://www.avient.com/sites/default/files/2024-09/Compensation Committee Charter July 2024.pdf
In consultation with appropriate officers of the Company, oversee (or provide for the
oversight of) regulatory compliance with respect to compensation matters, including with
respect to applicable tax laws
The Committee shall have sole authority to retain and terminate any search firm to be used to
assist the Committee in the identification of candidates for the position of Chief Executive
Officer, including sole authority to approve the consultant’s fees and other retention terms.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520BOAML%2520Basic%2520Materials%2520Conference%2520w%2520non-GAAP%252012%252011%25202014.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y
YTD
Net income attributable to
PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 92.6
Joint venture equity
earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -
Special items, after tax (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 49.9
Tax adjustments (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (6.9)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 135.6
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 94.3
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.44
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations.
Appendix
Q3 2014 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Slide Number 28
Anti-Counterfeiting Solutions
2012 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
Next Generation Solar Charger
High-Barrier Packaging Containers
Aerospace Applications
Non GAAP Rec - 11 5 14.pdf
Sidoti & Company non-GAAP Rec
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%25202015%2520Industrial%2520Conference%2520-%2520November%25202015.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
2) Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuations allowance adjustments.
Appendix
Q3 2015 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Outdoor Applications
Slide Number 28
Authentication Technology
2015 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
High-Barrier Packaging Containers
Aerospace Applications
Baird Non GAAP Rec.pdf
Baird - November 10, 2015
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Conference call
participants in the question and answer session should pre-register using the link at
avient.com/investors, or here, to receive the dial-in numbers and a personal PIN, which are
required to access the conference call.
They are based on
management's expectations that involve a number of business risks and uncertainties, any of
which could cause actual results to differ materially from those expressed in or implied by the
forward-looking statements.
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax (Attachment 3) 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 10.8 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
8
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
March 31,
2023 2022
Sales $ 845.7 $ 892.2
Cost of sales 598.1 637.8
Gross margin 247.6 254.4
Selling and administrative expense 190.5 152.2
Operating income 57.1 102.2
Interest expense, net (28.8) (16.9)
Other income (expense), net 0.7 (0.6)
Income from continuing operations before income taxes 29.0 84.7
Income tax expense (7.7) (20.0)
Net income from continuing operations 21.3 64.7
(Loss) income from discontinued operations, net of income taxes (0.9) 19.8
Net income 20.4 84.5
Net income attributable to noncontrolling interests (0.5) (0.3)
Net income attributable to Avient common shareholders $ 19.9 $ 84.2
Earnings (loss) per share attributable to Avient common shareholders - Basic:
Continuing operations $ 0.23 $ 0.70
Discontinued operations (0.01) 0.22
Total $ 0.22 $ 0.92
Earnings (loss) per share attributable to Avient common shareholders - Diluted:
Continuing operations $ 0.23 $ 0.70
Discontinued operations (0.01) 0.21
Total $ 0.22 $ 0.91
Cash dividends declared per share of common stock $ 0.2475 $ 0.2375
Weighted-average shares used to compute earnings per common share:
Basic 91.0 91.5
Diluted 91.8 92.3
9
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1) Three Months Ended
March 31,
2023 2022
Cost of sales:
Restructuring costs, including accelerated depreciation $ (6.6) $ (4.4)
Environmental remediation costs (1.4) (2.0)
Reimbursement of previously incurred environmental costs — 0.6
Impact on cost of sales (8.0) (5.8)
Selling and administrative expense:
Restructuring, legal and other (15.7) 1.9
Acquisition related costs (3.4) (2.9)
Impact on selling and administrative expense (19.1) (1.0)
Impact on operating income (27.1) (6.8)
Other income (loss), net (0.2) 0.1
Impact on income from continuing operations before income taxes (27.3) (6.7)
Income tax expense (benefit) on above special items 6.9 1.8
Tax adjustments(2) (1.9) (1.5)
Impact of special items on net income from continuing operations $ (22.3) $ (6.4)
Diluted earnings per common share impact $ (0.24) $ (0.07)
Weighted average shares used to compute adjusted earnings per share:
Diluted 91.8 92.3
(1) 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, 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
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Credit%2520Suisse%2520-%2520June%25202015.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y
Net income attributable to
PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0
Joint venture equity earnings,
after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -
Special items, after tax(1) (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0
Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80
Adjusted EPS 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1
Net income attributable to PolyOne common shareholders $ 20.1 $ 106.0 $ 15.3 $ 11.2 $ 29.4 $ 30.2
Joint venture equity earnings, after tax (0.5) (3.7) - - - -
Special items, after tax(1) (0.3) (79.8) 6.1 17.2 14.1 5.5
Tax adjustments(2) (3.5) (1.5) 0.1 0.5 (1.6) 5.9
Adjusted net income $ 15.8 $ 21.0 $ 21.5 $ 28.9 $ 41.9 $ 41.6
Diluted shares 95.3 96.4 90.7 92.8 95.7 90.1
Adjusted EPS $ 0.17 $ 0.22 $ 0.24 $ 0.31 $ 0.44 $ 0.46
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations
Appendix
Q1 2015 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Slide Number 28
Authentication Technology
2015 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
Next Generation Solar Charger
High-Barrier Packaging Containers
Aerospace Applications
Credit Suisse - June 25 2015 r2
Credit Suisse - June 25 2015
https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Overall, we are pleased with our performance as we have been able to overcome a number of
continuing challenges including inflation, supply chain disruptions, extended lockdowns in China
and the war in Ukraine,” said Robert M.
Conference call
participants in the question and answer session should pre-register using the link at
avient.com/investors, or here, to receive the dial-in numbers and a personal PIN, which are
required to access the conference call.
They are based on management’s
expectations that involve a number of business risks and uncertainties, any of which could cause
actual results to differ materially from those expressed in or implied by the forward-looking
statements.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y
Net income attributable to
PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0
Joint venture equity
earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -
Special items, after tax(1) (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0
Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt
extinguishment costs; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market
adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties, remediation costs 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; unrealized gains and losses from foreign currency option contracts; one-time, non-recurring items; and the effect of changes in accounting principles or other such
laws or provisions affecting reported results.
(2) Tax adjustments include the net tax expense (benefit) from one-time income tax items and deferred income tax valuations allowance adjustments.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
The number of shares of common shares outstanding as of January 31, 2015 was 89,100,439.
The unit value is determined by the
total value of fund assets divided by the total number of units of the fund owned.
As a result, pre-tax income by location and the components of income tax expense by
taxing jurisdiction are not directly related.