https://www.avient.com/sites/default/files/2020-08/complet-lft-internal-backpack-frame.pdf
MAJOR OUTDOOR RETAILER I N T E R N A L W I L D G A M E B A C K P A C K F R A M E • Simpler manufacturing process to enable higher volume production • Retain shape while carrying wild game load • Toughness to survive backcountry use • Easy cleaning after use • Lowered production cost by substituting injection molded composite for thermoset layup • Redesigned frame to meet higher structural load requirements • Integrated design features to ease cleaning and improve functionality Complēt™ Long Carbon Fiber PA66 Composite KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-12/Avient_Environmental Policy_Dec_18_2023.pdf
It is the responsibility of each person at Avient to ensure that all operations in the company are carried out in accordance with this policy.
https://www.avient.com/sites/default/files/2024-06/Position on Water Stewardship.pdf
It is the responsibility of each person at Avient to ensure that all operations in the company are carried out in accordance with this policy.
https://www.avient.com/sites/default/files/2024-09/Complet OnForce LFT Overview _ Brand Brochure.pdf
During injection molding, longer fibers align and intertwine to form an internal skeletal network, enabling a unique set of performance characteristics, including: • High strength-to-weight ratio which facilitates metal replacement to achieve weight reduction • Added stiffness and strength to carry loads while resisting creep deformation • Increased toughness to absorb impact forces without permanent damage • High cyclical fatigue endurance to resist cracking and crack propagation • Mechanical performance that is retained across a wide temperature range • Improved dimensional stability with nearly isotropic properties and low thermal expansion • Corrosion and chemical resistance Long fiber composites provide a combination of stiffness, strength, and toughness performance enhancements not available together when using other reinforcing methods, while retaining the single- step processing simplicity of injection molding.
OVERCOME MATERIAL CHALLENGES Deploy long fiber reinforced composites to meet these needs: • Metal replacement for weight reduction • Failure of lower performing plastics • Structural load carrying requirements • Increased impact or fatigue durability • Wide temperature range performance • Thermoplastic design freedom • Manufacturing process cost savings 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2023-11/ISO 9001 2015_Hickory NC.pdf
While all due care and skill was exercised in carrying out this assessment, SAI Global accepts responsibility only for proven negligence.
https://www.avient.com/industries/healthcare/medical-packaging/diagnostic-kits
The materials should also ensure that the devices are more durable, providing a convenient and effective solution for patients who prefer to carry out diagnostic tests in their own homes.
https://www.avient.com/sites/default/files/2025-05/Avient Announces First Quarter 2025 Results_0.pdf
The company noted that first quarter 2025 GAAP EPS includes special items of $0.82 primarily related to an impairment associated with ceasing the development of S/4HANA, a cloud-based ERP system (see attachment 3), and $0.16 of intangible amortization expense (see attachment 1).
Three Months Ended March 31, 2025 2024 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net (loss) income attributable to Avient common shareholders $ (20.2) $ (0.22) $ 49.4 $ 0.54 Special items, after-tax (Attachment 3) 75.7 0.82 5.5 0.06 Amortization expense, after-tax 14.5 0.16 14.9 0.16 Adjusted net income / EPS $ 70.0 $ 0.76 $ 69.8 $ 0.76 (1) Per share amounts may not recalculate from figures presented herein due to rounding 7 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2025 2024 Sales $ 826.6 $ 829.0 Cost of sales 563.4 550.8 Gross margin 263.2 278.2 Selling and administrative expense 262.5 184.2 Operating income 0.7 94.0 Interest expense, net (26.9) (26.6) Other expense, net (0.4) (0.9) (Loss) income before income taxes (26.6) 66.5 Income tax benefit (expense) 6.7 (16.8) Net (loss) income $ (19.9) $ 49.7 Net income attributable to noncontrolling interests (0.3) (0.3) Net (loss) income attributable to Avient common shareholders $ (20.2) $ 49.4 (Loss) earnings per share attributable to Avient common shareholders - Basic: $ (0.22) $ 0.54 (Loss) earnings per share attributable to Avient common shareholders - Diluted: $ (0.22) $ 0.54 Cash dividends declared per share of common stock $ 0.2700 $ 0.2575 Weighted-average shares used to compute (loss) earnings per common share: Basic 91.5 91.2 Diluted 91.5 92.0 8 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended March 31, 2025 2024 Cost of sales: Restructuring costs, including accelerated depreciation $ (4.1) $ 3.6 Environmental remediation costs (4.9) (4.0) Reimbursement of previously incurred environmental costs 1.3 — Impact on cost of sales (7.7) (0.4) Selling and administrative expense: Restructuring and employee separation costs (5.1) (0.7) Legal and other (0.4) (3.5) Cloud-based enterprise resource planning system impairment (86.3) — Acquisition related costs — (1.6) Impact on selling and administrative expense (91.8) (5.8) Impact on operating income (99.5) (6.2) Interest expense, net - financing costs (1.7) — Impact on (loss) income before income taxes (101.2) (6.2) Income tax benefit on special items 25.5 1.4 Tax adjustments(2) — (0.7) Impact of special items on net (loss) income $ (75.7) $ (5.5) Diluted (loss) earnings per common share impact $ (0.82) $ (0.06) Weighted average shares used to compute adjusted earnings per share: Diluted 91.8 92.0 (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 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 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. (2) Tax adjustments include the net tax impact from non-recurring income tax items and certain adjustments to uncertain tax position reserves and valuation allowances. 9 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) March 31, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 456.0 $ 544.5 Accounts receivable, net 489.6 399.5 Inventories, net 372.8 346.8 Other current assets 111.9 131.3 Total current assets 1,430.3 1,422.1 Property, net 951.8 955.3 Goodwill 1,684.0 1,659.7 Intangible assets, net 1,464.5 1,450.4 Other non-current assets 280.6 323.6 Total assets $ 5,811.2 $ 5,811.1 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 7.8 $ 7.7 Accounts payable 422.2 417.4 Accrued expenses and other current liabilities 268.2 331.0 Total current liabilities 698.2 756.1 Non-current liabilities: Long-term debt 2,061.3 2,059.3 Deferred income taxes 268.0 260.4 Other non-current liabilities 469.3 405.7 Total non-current liabilities 2,798.6 2,725.4 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,298.3 2,313.8 Noncontrolling interest 16.1 15.8 Total equity 2,314.4 2,329.6 Total liabilities and equity $ 5,811.2 $ 5,811.1 10 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended March 31, 2025 2024 Operating activities Net (loss) income $ (19.9) $ 49.7 Adjustments to reconcile net (loss) income to net cash used by operating activities: Depreciation and amortization 45.3 44.3 Cloud-based enterprise resource planning system impairment 71.6 — Share-based compensation expense 2.4 3.3 Changes in assets and liabilities: Increase in accounts receivable (83.7) (81.9) Increase in inventories (20.3) (12.3) (Decrease) increase in accounts payable (1.0) 1.7 Environmental insurance recovery 34.0 — Decrease in incentive accruals (53.1) (16.8) Accrued expenses and other assets and liabilities, net (26.4) (30.8) Net cash used by operating activities (51.1) (42.8) Investing activities Capital expenditures (12.5) (24.4) Proceeds from plant closures — 2.0 Other investing activities — (2.1) Net cash used by investing activities (12.5) (24.5) Financing activities Payments on long-term borrowings — (2.7) Cash dividends paid (24.7) (23.5) Other financing activities (3.6) (1.9) Net cash used by financing activities (28.3) (28.1) Effect of exchange rate changes on cash 3.4 (6.1) Decrease in cash and cash equivalents (88.5) (101.5) Cash and cash equivalents at beginning of year 544.5 545.8 Cash and cash equivalents at end of period $ 456.0 $ 444.3 11 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) 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/2021-06/colormatrix-select-brochure.pdf
As a cloud-based system, control of your color portfolio is right at your fingertips.
https://www.avient.com/products/long-fiber-technology/complet-moisture-resistant-nylons
Providing conditioned structural performance at levels between standard and specialty nylons, these composites are ideal for lightweighting initiatives in the automotive or powersports industries that rely on dependable materials with exceptional load carrying and fatigue resistant capabilities.Â
https://www.avient.com/investor-center/news/avient-announces-pricing-650-million-6250-senior-notes-due-2031
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; 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; our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA; 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, and any recessionary conditions; and other factors described in our Annual Report on Form 10-K for the year ended