https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
We did so in
a challenging and unpredictable global marketplace comprised of
end market and regional weakness and tariff wars that negatively
impacted industry and consumer behavior.
Sustainability remains at the
add value to our customers,
and ultimately deliver for ou
needs of the present witho
generations to do the sam
Last year we were succes
a challenging and unpred
end market and regional
impacted industry and c
waste problem remains
education eff orts on the
run in parallel with collab
With that as the backdkdrro
around the wororldld went to
of adjustetedd earnings per s
saafefetyty first, used service as
our proven four-pillar strate
of Performance Products &
agreement to acquire Clarian
two truly transformational sh
than 85% of our EBITDA to com
The year well represented how Po
the challenges of today and tomorr
thinking and tireless work ethic in mo
That’s what great companies do.
You can be confident that, in
formulating and manufacturing
our materials, we use
sustainable practices to provide
long-term product viability
and sound environmental
stewardship
• You can expect that the
materials we produce contain
only ingredients that conform to
accepted legal and regulatory
compliance guidelines
• You can trust that PolyOne
materials meet the rigorous
quality and safety management
standards required across
the globe
• You can be certain that
PolyOne meets or exceeds the
material safety data reporting
requirements of your country
or region
• When you choose PolyOne, you
can be confident our products
will help you meet or exceed
today’s stringent compliance
standards
FROM PRODUCTS INTRODUCED
IN THE LAST 5 YEARS
37% of specialty
sales
Photos: Last year PolyOne broke ground on a new manufacturing and R&D
facility in Chuzhou, China.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
Where there is a need for new internal standards
or updates to existing ones, working groups comprised of regional and corporate EH&S experts are
established.
Our
Employee Resource Groups also offered virtual programming opportunities for engagement across
sites and regions.
You can be certain that Avient meets or exceeds the
material safety data reporting requirements of your
country or region
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
10
2021 O U TLO O K
Synergies
($ millions)
Initial
Three-Year
Estimate
Revised
Three-Year
Estimate
2021
Expected
Realization
Administrative $ 18 $ 20 $ 15
Sourcing 24 30 15
Operational 18 25 5
Total Synergies $ 60 $ 75 $ 35
CLARIANT INTEGRATION &
COST SYNERGIES UPDATE
12
• Integration going extremely well: synergy target increased from $60 million to $75 million
• $5 million of synergies in 2020 and expect to realize $35 million in 2021
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding
customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over
the long term
$86
$103
$0.53
$0.70
ORGANIC GROWTH PROJECTIONS – Q1
13
Sales Adjusted Operating Income
$991
$1,090
+ 10%
Adjusted EPS
+ 20% + 32%
(in millions) (in millions)
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
$308
$360
$1.93
$2.40
ORGANIC GROWTH PROJECTIONS – FULL YEAR
14
Sales Adjusted Operating Income
$3,783
$4,100
+ 8%
Adjusted EPS
+ 17% + 24%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(in millions) (in millions)
2020 Pro forma $3,783 $308
Sustainable Solutions 60 11% 24
Healthcare 60 11% 18
Composites 20 10% 10
Growth in Emerging Regions 50 7% 11
Other (GDP growth) 82 5% 11
Sub-total $4,055 7% $382
COVID Response Applications (25) - (11)
Outdoor High Performance Applications (15) - (7)
Asia Payroll Tax Subsidy (COVID) - - (4)
FX Impact 85 - 7
Synergies - - 30
Incentives, Travel, Other Employee Costs - - (37)
2021 Estimated $4,100 8% $360
2021 ORGANIC SALES AND OPERATING INCOME
15 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(2) COVID Response Applications: facemasks, personal protective equipment
Sales Growth Rate
Operating
Income$ millions
(2)
CASH FLOW AND LEVERAGE
16
• Asset light business generates
significant free cash flow
• Cash generation in 2021 partially offset
by restructuring activities to capture
synergies associated with the Clariant
Masterbatch acquisition
• Cash flow deployed to M&A,
opportunistic share repurchases and
balance sheet / leverage reduction
3.5x
2.7x
2.1x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
($ millions) 2020 2021E
Adjusted EBITDA 382 510
Working Capital: Source / (Use) 116 (30)
Cash Taxes (40) (53)
Interest Paid (67) (76)
CapEx (62) (75)
CapEx for Synergy Capture (2) (20)
Restructuring for Synergy Capture (11) (25)
Other 22 19
Free Cash Flow 338 250
We sell solutions not commodities.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
22
Capex / Revenue
2021E (%)
AVIENT IS ASSET LIGHT
Avient Specialty
Other
2 3 2 2 2 3 3
3 4 4 5 5 5 6 6 6 7
9
25
t
(E
xc
l.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Examples of prohibited conduct include:
• Agreements to fix prices on products produced or sold
• Agreements to rig bids on projects
• Agreements to divide geographic regions
• Agreements to allocate customers
• Monopolistic practices such as predatory pricing, price
gouging, or refusals to deal in the U.S. market.
Contact Avient’s Legal Department at your first opportunity and document the incident.
9
North America
Global Headquarters
Avon Lake, United States
33587 Walker Road
Avon Lake, OH, United States
44012
Toll Free: +1 866 765 9663
Phone: +1 440 930 1000
Fax: +440 930 3064
Asia Pacific
Regional Headquarters
Shanghai, China
2F, Block C
200 Jinsu Road
Pudong, 201206
Shanghai, China
Telephone: +86 (0) 21 6028 4888
Fax: +86 (0) 21 6028 4999
South America
Sao Paulo, Brazil
Av.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
Khandpur added, "From a regional standpoint, the Americas continues to be the most
resilient, delivering year over year sales growth in the first quarter.
The underlying
growth in these regions helped offset softer demand in Europe and Southeast Asia."
2
2024 Outlook
“Looking ahead to the second quarter, we expect adjusted EPS of $0.71, a 13% increase over
the prior year," said Jamie Beggs, Senior Vice President and Chief Financial Officer, Avient
Corporation.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022.pdf
https://www.circularity-gap.world/2021
Latin America
Elsewhere, Alicia Bárcena, Executive Secretary of the Economic Commission
for Latin America and the Caribbean (ECLAC), affirmed that promoting greater
incorporation of the circular economy will enable the region to move towards
a more sustainable, inclusive and low-carbon development pattern.
https://www.avient.com/sites/default/files/2022-03/Asia SEM Healthcare Product Selection Guide %281%29.pdf
You can be certain that Avient meets or exceeds
the material safety data reporting requirements
of your country or region
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022_0.pdf
Market Size and Drivers
In 2020, the global rPET market was valued at $8.56 billion with Asia Pacific as the
largest regional market, accounting for over 45% revenue share.
https://www.avient.com/sites/default/files/2022-11/Packaging Anti-fog Whitepaper.pdf
It also was one of the few anti-fog additives
available with both EC and FDA food contact
compliance, which meant that film producers can
use the same anti-fogging product across multiple
geographic regions.
https://www.avient.com/sites/default/files/2025-03/380605_AVIENT_2024AR_full_250325.pdf
At the same time, we strategically adjusted and
deployed our commercial teams to capitalize on
regional opportunities—winning share and gaining
new business with customers.