https://www.avient.com/sites/default/files/2025-02/Avient Investor Presentation - February 2025_w_Non-GAAP.pdf
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; • our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; • 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; • 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 under Item 1A, “Risk Factors.”
All Rights Reserved 2025 12 Disciplined capital allocation PRIORITIZATION AND PHILOSHOPY Capex Expected annual spend between 3-5% of revenue to support investment in organic growth M&A De-emphasized in near term; complement organic growth strategy with M&A over time, as needed 1 2 Dividends Increasing each year with underlying earnings growth 3 Debt pay down Target net debt to adjusted EBITDA less than 2.5x 4 Share repurchases Opportunistic buy backs 5 Copyright © .
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax under section 1446 on any foreign partners’ share of effectively connected taxable income from such business.
Further, in certain cases where a Form W-9 has not been received, the rules under section 1446 require a partnership to presume that a partner is a foreign person, and pay the section 1446 withholding tax.
Persons making certain payments to you must under certain conditions withhold and pay to the IRS 24% of such payments.
https://www.avient.com/sites/default/files/2021-04/existencia-y-represnentacion-avient-colombia-sas.pdf
J) Llevar la representación de firmas comerciales y/o industriales del país y/o extranjero.
Garantizar las obligaciones de los funcionarios de la compañía frente al tesoro público cuando estos deban salir del país en ejercicio de funciones para la empresa; 10.
La verificación se puede realizar de manera ilimitada, durante 60 días calendario contados a partir de la fecha de su expedición. -------------------------------------------------------------------------------------------------- Por Documento Privado del 29 de diciembre de 2015 de Representante Legal, inscrito el 6 de enero de 2016 bajo el número 02051006 del libro IX, comunicó la sociedad matríz: - CLARIANT PLASTICS & COATINGS AG Domicilio: (Fuera Del País) Presupuesto: Numeral 1 Artículo 261 del Código de Comercio Que se ha configurado una situación de control con la sociedad de la referencia.
https://www.avient.com/sites/default/files/2020-09/avient-candidates-data-privacy-notice-final-portuguese.pdf
Também poderemos precisar compartilhar suas informações pessoais com outros terceiros, como recrutadores, referências ou indicações, agências que facilitam verificações de antecedentes, ou consultores, pelas seguintes razões: • Quando for necessário o envolvimento de um prestador de serviços terceirizado para facilitarmos ou estendermos os serviços de recrutamento, processamento da verificação de antecedentes e serviços similares; • Quando for explicitamente solicitado por você; • Conforme exigido por ordem judicial ou qualquer outro requisito legal ou regulamentar, incluindo em resposta a exigências de autoridades públicas e governamentais fora do seu país de residência; • Quando for necessário para nossos interesses legítimos (incluindo, quando necessário em caso de reorganização, fusão, venda, joint venture, cessão, transferência ou outra alienação de toda ou qualquer parte de nossos bens comerciais (por exemplo, em conexão com um eventual processo de falência)); • Para protegermos nossas operações ou as de quaisquer das nossas afiliadas; • Para protegermos nossos direitos, privacidade, segurança ou propriedade, ou os de nossas afiliadas, os seus ou os de outras pessoas; e • Para cumprirmos a legislação vigente ou de acordo com ela.
Observe que, se a sua residência estiver localizada em um país diferente de onde se situa a vaga para a qual você estiver candidatando-se, o uso de seus dados pela empresa do grupo Avient não estará sujeito aos regulamentos de proteção de dados de seu país e, assim, poderá ser aplicado um nível diferente de proteção.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Portuguese.pdf
Também poderemos precisar compartilhar suas informações pessoais com outros terceiros, como recrutadores, referências ou indicações, agências que facilitam verificações de antecedentes, ou consultores, pelas seguintes razões: • Quando for necessário o envolvimento de um prestador de serviços terceirizado para facilitarmos ou estendermos os serviços de recrutamento, processamento da verificação de antecedentes e serviços similares; • Quando for explicitamente solicitado por você; • Conforme exigido por ordem judicial ou qualquer outro requisito legal ou regulamentar, incluindo em resposta a exigências de autoridades públicas e governamentais fora do seu país de residência; • Quando for necessário para nossos interesses legítimos (incluindo, quando necessário em caso de reorganização, fusão, venda, joint venture, cessão, transferência ou outra alienação de toda ou qualquer parte de nossos bens comerciais (por exemplo, em conexão com um eventual processo de falência)); • Para protegermos nossas operações ou as de quaisquer das nossas afiliadas; • Para protegermos nossos direitos, privacidade, segurança ou propriedade, ou os de nossas afiliadas, os seus ou os de outras pessoas; e • Para cumprirmos a legislação vigente ou de acordo com ela.
Observe que, se a sua residência estiver localizada em um país diferente de onde se situa a vaga para a qual você estiver candidatando-se, o uso de seus dados pela empresa do grupo Avient não estará sujeito aos regulamentos de proteção de dados de seu país e, assim, poderá ser aplicado um nível diferente de proteção.
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • The time required to consummate the acquisition of the Dyneema business, the satisfaction or waiver of conditions in the purchase agreement, the ability to obtain required regulatory or other third-party approvals and consents and otherwise consummate the proposed acquisition of the Dyneema business; • Our ability to achieve the strategic and other objectives relating to the proposed acquisition of the Dyneema business and possible sale of the Distribution business; • 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; • The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without any limitation, any supply chain and logistics issues; • Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • 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; and • Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2021 under Item 1A, “Risk Factors.”
Outdoor High Performance) 8 18% 3 Growth in Asia / LATAM 6 3% 2 Other 100 19% 5 Sub-total $1,327 14% $146 Outdoor High Performance Impact (5) (3) Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 5 Incentives, Other Employee Costs 8 FX (28) (5) Q1 2022 $1,294 11% $136 Q1 2022 SALES AND OPERATING INCOME (TOTAL COMPANY) 6 Sales Growth Rate Adjusted Operating Income$ millions Adjusted EBITDA Q1 EBITDA BRIDGE 7 Price increases more than offset raw material and supply chain impacts Q1 2021 $ 161 Demand (23) $ millions CAI: Price / Mix 77 Inflation (54) SEM: Price / Mix 41 Inflation (26) Distribution: Price / Mix 84 Inflation (82) Net Price Benefit 40 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 5 Incentives, Other Employee Costs 8 FX (5) Q1 2022 $ 171 China Lockdowns / Russia Impact $ (7) Transportation (7) Outdoor High Performance (3) Q1 EPS BRIDGE 8 Q1 2021 - Adjusted EPS 0.89$ CAI 0.08 Specialty Engineered Materials 0.06 Distribution 0.00 Corporate Costs 0.02 F/X (0.04) Segment OI 0.12 Tax Rate (0.02) Q1 2022 - Adjusted EPS 0.99$ 10 15x stronger than steel Reduces weight by 30% vs. other solutions Well-maintained global asset base poised to serve growing demand • Purchase price of $1.48B represents 11.4x multiple of 2022 EBITDA • Acquisition will expand Avient’s composites and fiber portfolio with Dyneema®, the World’s Strongest Fiber™ • $415M sales and 30%+ EBITDA margins; Immediately accretive to pro forma 2022 EPS, adding $0.35 • 1,300 patents globally, ~50% of sales patent protected • 1,000+ employees across global production network and dedicated technology centers • Composites platform will increase from $261M to $680M in revenue and from $49M to $180M in EBITDA Indicates Dyneema® location $175M (42%) $65M (16%) $175M (42%) 2022E Sales By Region ($M) (1) $0.35 EPS excludes intangible amortization (2) Based on 2022 expected results (1) (2) (2) FIT WITH FOUR PILLAR STRATEGY 11 Specialization • Innovation-led organization with tremendous intellectual property value in trademarks, patents and “know-how” • Deep history of application development and premium, leading brand with the World’s Strongest FiberTM Globalization • Global customer base with an established presence across all major geographic regions • Global technology centers complement existing Composites applications and expertise Operational Excellence • Best-in-class safety performance • Well-run and maintained asset base fit to serve future growth • Highly effective and reliable supply chain with emphasis on optimizing service to customers Commercial Excellence • Deep customer relationships extend across the value chain and drive ability to grow • Offer a full suite of services with an active role in design, development and commercialization People Experienced and talented associates with a passion for safety, specialization and winning DYNEEMA® OVERVIEW K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders Body Armor • Helmets • Vehicle Protection $215M MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes $130M CONSUMER Consumer • Outdoor High Performance • Safety Equipment $70M 12 Figures reflect 2022 expected sales MIFOverview Competition Valuechain & Go-to-market Strategy Innovation Financials TECHNOLOGY 13 1,200 1,300 2,500 Avient Dyneema Combined Patents • True specialty business – the World’s Strongest Fiber™ • Deep history of application development with customers, strongest in the industry • The only UHMwPE (ultra-high molecular weight polyethylene) fiber producer that is backward integrated o Provides innovation advantage through control of all steps of the process • Complementary with our existing reinforced film expertise (PolyStrand) and engineered fiber presences (Fiber-Line) WINNING PROPERTIES Ultra high strength vs. weight Highly flexible Floats on water Chemically inert; no smell/taste and non-toxic High resistance to UV radiation Self-lubricating, with low friction One-of-a-kind technology ® FORMULATION PROCESS 14 • Like Avient, Dyneema® offers similar core competencies around formulation and material science • Technology that combines polymers and fibers to provide specialized, high performing solutions for customers • Design capabilities ensure that applications are highly customized for the specified end use DYNEEMA® IN THE VALUE CHAIN 15 UHMwPE Fiber / Tapes Military Personnel, Law Enforcement Heavy Marine, Offshore Wind Energy and Mooring, Aquaculture Outdoor, Footwear, Apparel, Inflatables • Material Science • Formulation • Service INTERMEDIATE MANUFACTURING (CUSTOMERS) OEM / APPLICATION DEMAND TRENDS 16 • Military spending and near-term demand for higher performing personal protection products (like Dyneema®) expected to increase o European NATO members annual defense spend expected to increase by up to 20%(1) o Accelerated launch of next generation technology in North America • Policy-driven demand for sustainable energy; growth in floating offshore wind farms which require advanced, durable technology o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations quadrupling over the next five years(2) • Continued investment in aquaculture as a sustainable food source(3) • Strong demand in outdoor high performance space across niche consumer applications aligns with 10% growth assumption for Avient’s Composites portfolio Sources: (1) “Funding NATO”, NATO.int (April 1, 2022) (2) “Global Wind Report 2021”, Global Wind Energy Council (3) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries 17 A L I G N M E N T W I T H S U S T A I N A B I L I T Y G O A L S PRODUCTS AVIENT’S EXISTING COMPOSITES PORTFOLIO D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 18 AVIENT’S COMPOSITES PORTFOLIO SALES AND EBITDA 19 $74 $84 $216 $212 $261 $5 $10 $32 $41 $49 $180 0 50 100 150 200 $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 2017 2018 2019 2020 2021 2022E $680 ($ in millions) • Dyneema® acquisition will further improve Composites EBITDA margins to 26% • Dyneema® will complement our existing portfolio with deep formulation expertise, innovative culture and global commercial presence • Composites will continue to be a key growth driver to deliver future revenue growth in excess of GDP (1) Pro forma for the acquisition of Dyneema® (1) DISTRIBUTION DIVESTITURE CONSIDERATIONS DISTRIBUTION HIGHLIGHTS 21 $21 $57 $69 $94 $105 0 50 100 150 2006 2011 2016 2021 2022E • Leading North American Distribution business with longstanding blue-chip supplier and customer relationships • Commercial excellence and regulatory knowledge have grown healthcare portfolio to over 25% of sales and positioned business for long-term growth • Highly specialized portfolio of engineered polymers along with sustainable solution offerings • Leading digital capabilities through Avient Now, allowing enhanced visibility and 24/7 interface with customers • 98% free cash flow conversion drives greater than 30% after-tax return on invested capital (ROIC) • Potential divestiture allows us to remain modestly leveraged with net debt to adjusted EBITDA expected to be 2.9x and positions us for further specialty growth in the future EBITDA (in $M) DYNEEMA® TRANSACTION OVERVIEW 22 - $1.48B net purchase price - Represents 11.4x expected 2022 EBITDA - Committed financing in place - Permanent financing to be combination of available cash on-hand, new Senior Unsecured Notes, new Senior Secured Term Loan - Potential proceeds from Distribution divestment could be used to pay down near-term maturing debt - Closing expected in second half of 2022, subject to regulatory approvals and certain customary closing conditions Transaction Value Financing Closing Conditions / Timing CAPITAL STRUCTURE / LEVERAGE 23 • Financing commitments secured from Morgan Stanley and J.P.
Morgan • New Senior Secured Term Loan B and new Senior Unsecured Notes • Potential proceeds from sale of Distribution business modeled to pay off 5.25% senior notes due 2023 and Term Loan • Acquisition aligned with Avient’s track record of disciplined capital allocation policy • Existing dividend policy maintained, focus on deleveraging in the near term (1) (1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution, including repayment of senior notes due 2023 and Term Loan Cash and Cash Equivalents 595$ Senior Secured Term Loan due 2026 605$ New Senior Secured Term Loan B 500 Total Senior Secured Debt 1,105$ Senior Unsecured Notes due 2025 650$ New Senior Unsecured Notes 740 Total Senior Unsecured Debt 1,390$ Total Debt 2,495$ Net Debt 1,900$ 2022 Pro forma Adjusted EBITDA 660$ Net Debt / Adjusted EBITDA 2.9x Pro Forma Capitalization (2022 estimates, all figures in $M) TWO-YEAR LEVERAGE GOAL 24 3.5x 2.7x 1.7x 2.9x 2.5x 2.2x 2019PF 2020PF 2022E 2022PF 2023E 2024E Dyneema® AcquisitionClariant Color Acquisition (1) Pro forma for the acquisition of the Clariant Color business (2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution, including repayment of senior notes due 2023 and Term Loan (1) (1) (2) 25 PRO FORMA MODELING 2022E Pro Forma Pro Forma ($M) w/ Dyneema w/Sale Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$ Adjusted EBITDA 635 130 765 (105) 660 EBITDA % 12% 31% 14% 6% 18% Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$ Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$ Leverage (12/31/2022E) Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x Avient Dyneema Distribution® ® OUR SPECIALTY JOURNEY ACQUISITION HISTORY 27 Commercial Resources(1) Operating Income ($ in millions) Operating Margins 259 360 At Acquisition 2021 $40 $122 At Acquisition 2021 9% 21% At Acquisition 2021 Established Acquisitions (> 7 years) + 39% + 210% + 1200 bps (1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales CLARIANT COLOR ACQUISITION 28 $133 $205 2019PF 2021 28 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.1x 2019PF 2021 2021 w/ Full Synergies • Acquisition of Clariant Color business significantly expanded presence in healthcare, packaging and consumer end markets • Strength of portfolio – double-digit annual EBITDA growth since acquisition • $54 million of synergies realized in 2021 • Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
Aunque las leyes individuales de cada país varían, estas leyes hacen que sea ilegal participar en cualquier tipo de corrupción o soborno y exigir a las empresas que mantengan libros, registros y cuentas con detalles razonables.
Señales de alarma ante las que hay que estar alerta son: • El tercero está ubicado o realiza actividades comerciales en un país con elevados niveles de corrupción • Un cliente, proveedor o tercero • Se opone a declaraciones contractuales sobre el cumplimiento de las leyes ABAC • Busca un contrato que limite la competencia • Divide una compra en un grupo de compras más pequeñas para evitar las aprobaciones que exigen el Gobierno o la dirección de Avient • Es propiedad o está gestionada por un funcionario gubernamental o alguien estrechamente relacionado con un funcionario • Solicita ajustes en el precio en efectivo o no contabilizados • No está dispuesto a proporcionar detalles necesarios para que Avient realice la diligencia debida • Un proveedor u otro tercero • Solicita el pago en una cuenta bancaria personal o extraterritorial • Falta de experiencia con el producto, campo o sector o personal cualificado • Objeta a una declaración detallada del trabajo Requisitos contables y de mantenimiento de registros De conformidad con la mayoría de las leyes ABAC, Avient y sus filiales deben mantener libros y registros precisos y detallados y un sistema adecuado de controles internos.
Puede realizar una consulta o presentar una queja desde este sitio web o llamando a la línea directa externa en cualquiera de los números de teléfono específicos para el país que aparecen en el sitio web.
https://www.avient.com/sites/default/files/2023-11/Cesa Clean Processing Usage Guide.pdf
GUIDELINES FOR USING CESA CLEAN ADDITIVES • Cesa Clean works best when molded maintaining normal (injection) pressure/shear • For best results, Avient recommends a “Running Color Change” which eliminates breaks in the molding cycle • Since the Cesa Clean concentrate will expand, it is recommended to reduce the shot size by 20% • It is designed for use at a let-down ratio (LDR) of 3.0% or (33:1); however, use rate can vary depending on the severity of the contamination but typically is 2.0–4.0% (a use rate higher than 6.0% may not have any positive affect on the cleaning performance) • Using Cesa Clean as a routine part of your color change rotation will allow faster changes and consume a minimal amount of raw material - Note: If the manifold is not cleaned routinely, this process may be more time consuming and additional material will be required • It is best to process at your normal polymer processing temperatures - For best performance, stock temperature should be at least 400°F - If 400°F is achieved during the purging process, no additional activation will occur during the reprocessing of regrind - All parts produced during the “Running Purge Cycle” should be captured as regrind, resulting in a scrap-free color change - If using sequential gates, open and close all gates at the same time while purging the tool - If contamination appears to be coming from one gate, open and close first, and for an extended period of time, to force more material through this location - When cleaning in this manner, pay close attention to shot size - Parts containing the previous or new color plus any Cesa Clean can be used as regrind INTRODUCING CESA CLEAN TO YOUR PROCESS Hand Blend • Hand weigh enough of the Cesa Clean and natural resin mix to equate to 3–5 times the barrel capacity • Use rate should be 3.0% or 33:1 for routine cleaning • For difficult-to-clean tooling, or tooling which is not routinely cleaned, start at 4.0% or 25:1 • Note: Do not attempt to vacuum load more than 15 feet from source as stratification/separation may occur Volumetric Feeder • Calibrate feeder to dispense 3.0% or 33:1 for routine cleaning • For difficult-to-clean tooling, or tooling which is not routinely cleaned, start at 4.0% or 25:1 • This style of feeder is highly recommended for at-the-throat metering of Cesa Clean Blending Units Most blenders have an extra bin for an additive • Fill the additive bin with Cesa Clean • Set blender to introduce the Cesa Clean at 2.0 to 4.0% • Note: Do not air convey any further than 15 feet as Cesa Clean has a high density and may separate from the mix.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
Alleged claims, if any, do not affect Buyer’s obligation to pay for the conforming portion of the Products delivered.
Buyer shall be obliged to accept the Products and pay the rate specified in the order confirmation for the quantity of Products delivered by Seller.
Buyer’s failure to pay for the Products shall not constitute a force majeure event hereunder. 13.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the Kingdom of Saudi Arabia.pdf
Alleged claims, if any, do not affect Buyer’s obligation to pay for the conforming portion of the Products delivered.
Buyer shall be obliged to accept the Products and pay the rate specified in the order confirmation for the quantity of Products delivered by Seller.
Buyer’s failure to pay for the Products shall not constitute a force majeure event hereunder.