https://www.avient.com/sites/default/files/2025-01/Touchscreen Surface WithStand SX Case Study Snapshot.pdf
INJECTION MOLDER T O U C H S C R E E N S U R F A C E • Provide antimicrobial protection with strong log reduction (gram-negative / gram-positive efficacy) using globally available and cost-effective active ingredients • Incorporate a compatible recycled base resin • Utilize recyclate with no haze or discoloration (yellowing) of product, even with long-term heat aging • Maintain visual clarity while using antimicrobial raw materials with additional functional additives • Offered expertise in antimicrobial solutions, application development, and versatile product forms • Provided non-public health claims and reduced material use with recycled polycarbonate • Delivered strong efficacy >Log 2 against gram- negative and gram-positive bacteria • Supported a safe, hygienic environment while maintaining clarity and performance using a masterbatch with recycled content Cesa WithStand SX Low Haze Antimicrobial Additives KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/LubriOne PKE - Storage Box Latch case study snapshot.pdf
AUTOMOTIVE AFTERMARKET MANUFACTURER S T O R A G E B O X L A T C H • Low coefficient of friction (CoF) to allow for ease-of-use • Colorable to a brand-specified Pantone color • Low odor in the end product • Maintain performance when exposed to outdoor elements and extreme temperatures • Offered lubricious polyketone (PK) material to facilitate easy slide and effective latching • Provided excellent chemical resistance to cleaning and harsh chemicals, such as bleach, isopropyl alcohol and automotive fluids • Formulated a durable material with abrasion resistance, UV stability, and tolerant of temperatures from 0°-140°F • Delivered surety of supply vs. incumbent material LubriOne™ PKE Polyketone Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-08/Stat-Tech-Vacuum cleaner handle -case study snapshot_0826.pdf
GLOBAL SMALL APPLIANCE BRAND V A C U U M C L E A N E R H A N D L E • Comply with flame retardant ratings of UL 94 V-0 at 0.8mm and GWIT 775oC / GWFI 850oC • Pass ball pressure at 75oC • Deliver stable static resistivity of E9-11 • Matched color to a specified black103 • Pass tests for battery runaway, drop at 1m, static load, and fatigue life • Provided a custom formulation with a good balance of performance and aesthetics • Guided the molder on how to properly measure the surface resistance of the part and the fixture specifications • Had excellent service with fast turnaround of samples and strong ADTS support to ensure smooth processability Stat-Tech Static Dissipative & Electrically Conductive Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-08/versaflex-machine-cover-case-study-one-pager.pdf
RESPIRATORY DEVICE MANUFACTURER C P A P M A C H I N E C O V E R • Good aesthetics with high COF for grip functionality • Chemically bondable to FR PC/ABS down to 1mm • NCS S 9000-N color suitable for UV laser marking to white • Good scratch and mar resistance • Good chemical resistance to detergents, alcohols and bleach • Pass VOCs & out-gassing in accordance to ISO 18562-3/2:2017 • Customized formulation to balance mar resistance, flow, and laser marking whiteness and clarity • Collaborated on tooling improvements to widen processing window and increase yield rate • Provided application development and on- site technical support to manage short shot, sink marks, burn marks and air trap Customized VersaflexTM TPEs WHY AVIENT?
https://www.avient.com/sites/default/files/2025-06/Cesa Anti-phenolic Yellowing Additive-TPEE TPU Film for Apperal and Shoes-case study snapshot.pdf
TPEE/TPU FILM MANUFACTURER T P E E / T P U F I L M F O R A P P A R E L A N D S H O E S • Avoid phenolic yellowing effect after a certain time of storage • Offer an anti-phenolic yellowing solution, which can be applied on light color or translucent film for fabric • Maintain the soft touch of the original TPEE / TPU film • Contributed to final products, ensuring the film passed grade 4 of the yellowing standard (ISOx18 2007) • Provided good transparency on 0.04- 0.05mm film • Offered long-lasting protection without the need for additional post-processing Cesa Anti-phenolic Yellowing Additives KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2025-05/Versaflex TPE-snorkel mouthpiece- case study snapshot.pdf
SPORTS BRAND S N O R K E L M O U T H P I E C E • Replace PVC with alternative materials such as TPE or silicone • Skin contact safety and UV resistance • Soft texture with a non-sticky feel • Translucent color to help children use it properly and safely • Customized a soft (Shore A) TPE solution that passed strict tests, including thermal deformation (80°C for 2 hours), UV resistance, and assembly resistance • Providing a 40% more cost-effective system than silicone due to the high production efficiencies of TPEs • Provided cross-regional cooperation and prompt response to help customers achieve fast commercialization in both Europe and China Versaflex Thermoplastic Elastomers UV RESISTANT + TRANSLUCENT Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Khandpur Richard H.
Richard H.
Abernathy Richard H.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Microsoft Word - Q4 release 2.14.23 430PM 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Fourth Quarter and Full Year 2022 Results • Fourth quarter and full year GAAP EPS from continuing operations of $(0.19) and $0.90 • Fourth quarter and full year adjusted EPS from continuing operations of $0.39 and $2.69 exceeds prior guidance of $0.29 and $2.60 due to better-than-expected orders for personal protection products from Avient Protective Materials (“APM”) and cost reductions • On a pro forma basis, fourth quarter and full year adjusted EPS of $0.42 and $3.04 exceeded prior guidance of $0.33 and $2.95, respectively • Strong working capital performance to finish the year resulted in cash flow from operations of approximately $400 million for 2022; full year free cash flow of approximately $290 million • Paid down additional $200 million of debt for a year-end net debt-to-adjusted EBITDA of 2.9x which improved from prior projections • Earned fourth Great Place to Work® certification, achieving the highest employee engagement scores in the history of the company CLEVELAND – February 15, 2023 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable solutions, today announced its fourth quarter and full year results for 2022.
We focused on controlling costs and reducing working capital, generating an additional $90 million of free cash flow above our previous projections.
Reconciliation of Pro Forma Net Debt December 31, 2022 Short-term and current portion of long term debt $ 2.2 Total long-term debt, net 2,176.7 Unamortized discount and debt issuance cost 37.4 Total debt $ 2,216.3 Cash (641.1) Net taxes due from sale of business 105.0 Adjusted cash $ (536.1) Net debt $ 1,680.2 16 Free Cash Flow Calculation December 31, 2022 Cash provided by operating activities 398.4 Capital expenditures (105.5) Free cash flow $ 292.9 Reconciliation to EBITDA and Adjusted EBITDA Year Ended December 31, 2022 Net (loss) income from continuing operations – GAAP $ 83.1 Income tax (benefit) expense (19.3) Interest expense 119.8 Depreciation and amortization from continuing operations 162.5 EBITDA $ 346.1 Special items, before income tax 194.0 Interest expense included in special items (26.0) Depreciation and amortization included in special items (5.5) APM pro forma adjustments - 8 months 2022* 83.1 Adjusted EBITDA $ 591.7 * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
The non-GAAP financial measures include organic performance (which excludes the impact of foreign exchange), adjusted EPS, adjusted operating income, adjusted EBITDA, adjusted EBITDA margins, free cash flow and adjusted free cash flow.
Three Months Ended December 31, Year Ended December 31, Reconciliation to Consolidated Statements of Income: 2024 2023 2024 2023 Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8 Gross margin - GAAP 259.5 208.9 1,056.7 892.5 Special items in gross margin (Attachment 3) (23.3) 17.6 (0.7) 80.0 Adjusted gross margin $ 236.2 $ 226.5 $ 1,056.0 $ 972.5 Adjusted gross margin as a percent of sales 31.6 % 31.5 % 32.6 % 30.9 % Operating income - GAAP 85.6 43.1 329.3 196.8 Special items in operating income (Attachment 3) (20.4) 26.1 21.4 116.0 Adjusted operating income $ 65.2 $ 69.2 $ 350.7 $ 312.8 Adjusted operating income as a percent of sales 8.7 % 9.6 % 10.8 % 10.0 % Three Months Ended December 31, Year Ended December 31, Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 2024 2023 Net income from continuing operations – GAAP $ 48.5 $ 27.6 $ 170.7 $ 76.3 Income tax expense (benefit) 14.8 (7.0) 54.1 11.0 Interest expense 25.5 26.8 105.6 115.3 Depreciation and amortization from continuing operations 45.4 44.2 179.7 188.8 EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4 Special items, before tax (23.9) 22.4 20.1 114.6 Interest expense included in special items — (0.1) (2.3) (2.3) Depreciation and amortization included in special items (0.3) — (1.5) (1.9) Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8 Adjusted EBITDA as a percent of sales 14.7 % 15.8 % 16.2 % 16.0 % Three Months Ended March 31, 2024 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 Special items, after-tax 5.5 0.06 Amortization expense, after-tax 14.9 0.16 Adjusted net income / EPS $ 69.8 $ 0.76 (1) Per share amounts may not recalculate from figures presented herein due to rounding 14 Year Ended December 31, Adjusted Free Cash Flow Calculation 2024 2023 Cash provided by operating activities $ 256.8 $ 201.6 Taxes paid on gain on sale of business — 104.1 One-time payout associated with deferred compensation plans 20.8 — Adjusted cash provided by operating activities $ 277.6 $ 305.7 Capital expenditures (121.9) (119.4) Adjusted free cash flow $ 155.7 $ 186.3
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
Adjusted free cash flow for 2023 was $186 million, slightly ahead of expectations. 2 2024 Outlook “In the first quarter, we expect demand to continue to improve in our two largest end markets, packaging and consumer, as destocking comes to an end and our sustainable solutions portfolio expands.
The non-GAAP financial measures include adjusted EPS, adjusted operating income, adjusted gross margin, adjusted EBITDA, adjusted cash flow from operations and free cash flow.
Three Months Ended Year Ended Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022 Net (loss) income from continuing operations attributable to Avient shareholders $ (17.0) $ 82.8 Special items, after tax (Attachment 3) 38.3 116.2 Amortization expense, after-tax (Attachment 1) 14.6 49.0 Adjusted net income from continuing operations excluding special items 35.9 248.0 APM pro forma adjustments to net income from continuing operations* 2.5 13.6 APM amortization expense, after tax* — 19.1 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 38.4 $ 280.7 Weighted average diluted shares 91.7 92.2 Pro forma adjusted EPS - excluding special items $ 0.42 $ 3.04 * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership) including the impacts of debt financing and prepayments on net income from continuing operations. 14 Free Cash Flow Calculation December 31, 2023 Cash provided by operating activities $ 201.6 Taxes paid on gain on sale of business 104.1 Adjusted cash provided by operating activities $ 305.7 Capital expenditures $ (119.4) Free cash flow $ 186.3 Three Months Ended March 31, 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 Special items, after tax 22.3 0.24 Amortization expense, after-tax 15.1 0.16 Adjusted net income / EPS $ 58.2 $ 0.63 Three Months Ended December 31, Year Ended December 31, Reconciliation to EBITDA and Pro Forma Adjusted EBITDA 2023 2022 2023 2022 Net income (loss) from continuing operations – GAAP $ 27.6 $ (16.6) $ 76.3 $ 83.1 Income tax (benefit) expense (7.0) (60.8) 11.0 (19.3) Interest expense 26.8 49.4 115.3 119.8 Depreciation and amortization from continuing operations 44.2 48.6 188.8 162.5 EBITDA from continuing operations $ 91.6 $ 20.6 $ 391.4 $ 346.1 Special items, before tax 22.4 104.3 114.6 194.0 Interest expense included in special items (0.1) (16.0) (2.3) (26.0) Depreciation and amortization included in special items — (1.5) (1.9) (5.5) Adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 508.6 APM pro forma adjustments - 8 months 2022* — — — 83.1 Pro forma adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7 * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).