https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
Examples include:
• Barrier technologies that preserve the shelf-life
and quality of food, beverages, medicine and
other perishable goods through high-
performance materials that require less plastic
• Light-weighting solutions that replace heavier
traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of
transportation
• Breakthrough technologies that minimize
wastewater, improve the recyclability of materials
and advance a circular economy
• Composite solutions to support accelerated
growth of 5G / fiber-optic infrastructure
investment as the world demands greater and
faster connectivity
Avient employs approximately 8,400 associates and is
certified ACC Responsible Care® and a founding
member of the Alliance to End Plastic Waste.
Leading in Sustainability — PolyOne and Clariant are both founding members of the
Alliance to End Plastic Waste, and we are committed to meeting the needs of the
present without compromising the ability of future generations to do the same.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2030 SUSTAINABILITY TARGETS
11
FUTURE GROWTH IN EXCESS
OF GDP IS DRIVEN BY:
Our company is positioned to sustainably grow at a rate that
exceeds GDP.
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
In addition, the plastic
waste problem remains a priority for our world and our industry, as
education eff orts on the sustainable and inherent benefits of polymers
run in parallel with collaborative work to eliminate plastic waste.
That’s why in January of 2019 we
were very proud to have joined the Alliance to
End Plastic Waste (AEPW) as a founding member.
It’s
inspiring to see the cross value chain activities
taking shape, and I believe we are on an
encouraging path to ultimately solve the plastic
waste problem.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
Competition
The production of plastics and the manufacturing of custom and proprietary formulated color and additives systems
for the plastics industry are highly competitive.
General
Manager, Specialty Film & Sheet, General Electric Plastics (a former division of General Electric specializing in
supplying plastics) from June 2004 to September 2006.
One of Spartech's subsidiaries, Franklin-Burlington Plastics, Inc.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
Alliance to End Plastic Waste: Avient is a founding member of the Alliance to End Plastic Waste and as a member, collaborating with
over 80 member companies and supporters to promote infrastructure, education and engagement, innovation, and clean up efforts to keep plastic waste in the right
place.
Select all that apply
☑ Other, please specify :Plastics Europe and American Chemistry Council commitments to enable plastics packaging to be 100% re-used, recycled or recovered by 2040
Environmental performance - Plastics
(10.1) Do you have plastics-related targets, and if so what type?
https://www.avient.com/center-of-excellence/avient-europe-middle-east-and-africa
More
Increasing Supply Security for Medical Plastics
Minimize the risk of supply disruptions for healthcare plastic colorants and functional additives
More
Advanced Composites Explained
This comprehensive guide covers everything from the basics of composites to the properties, advantages, and common applications.
https://www.avient.com/company/sustainability/sustainability-report/reporting/gri
Alliance To End Plastic Waste
UK Plastics Pact
Plastics Recyclers Europe (PRE)
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.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 impact of the COVID-19 pandemic has on our business, results from operations, financial condition and liquidity;
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• 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;
• Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
• Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
• 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;
• An inability to raise or sustain prices for products or services;
• An ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisitions and integration, working capital reductions, cost reductions, and employee productivity goals;
• Information systems failures and cyber attacks; and
• Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
Examples include:
• Barrier technologies that preserve the shelf-life
and quality of food, beverages, medicine and
other perishable goods through high-
performance materials that require less plastic
• Light-weighting solutions that replace heavier
traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of
transportation
• Breakthrough technologies that minimize
wastewater, improve the recyclability of materials
and advance a circular economy
• Composite solutions to support accelerated
growth of 5G / fiber-optic infrastructure
investment as the world demands greater and
faster connectivity
Avient employs approximately 8,400 associates and is
certified ACC Responsible Care® and a founding
member of the Alliance to End Plastic Waste.
Leading in Sustainability — PolyOne and Clariant are both founding members of the
Alliance to End Plastic Waste, and we are committed to meeting the needs of the
present without compromising the ability of future generations to do the same.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.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;
• 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
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• 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;
• An inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals;
• 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 consummate and successfully integrate acquisitions;
• 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, 2020 under Item 1A, “Risk Factors.”
Operating Income
$3,783
$4,300
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,650
$308
$410
$308
$430
$1.93
$2.80
$1.93
$3.00
(1) (1)(1)
(1)(1) (1)
$442
$457
$580
$1.74
$1.93
$3.00
FULL YEAR 2019 – 2021 ORGANIC GROWTH
16
Sales Adjusted EBITDA
$3,981
$3,783
$4,650
+ 17%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 31% + 72%
($ in millions)
2021E Adjusted EBITDA 580$
Free Cash Flow 280$
Total Debt 1,860
Less: Cash (755)
Net Debt 1,105$
2021E Net Debt / Adjusted EBITDA 1.9x
17
BALANCE SHEET
• Acquisition of Magna Colours completed on
July 1 – expands sustainable solutions
portfolio through water-based inks technology
• Deleveraging to 1.9x net debt to adjusted
EBITDA by the end of 2021
• Driven by record adjusted EBITDA
performance and strong free cash flow
generation from asset light business
• Future cash deployment: M&A, opportunistic
share repurchases and balance sheet /
continued leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions expected to
grow 14% in 2021 as our innovation efforts and
collaboration with customers continues to accelerate
• Investments centered around innovation and global
sustainability megatrends
o Enabling a circular economy – Technologies that
allow for increased use of post-consumer recycled
(PCR) material and improve recyclability of plastics
o Light-weighting – Composites and CAI applications
to reduce weight and material requirements, which
minimize energy and carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative materials
to replace lead, PVC, halogens, BPA and other less
eco-friendly options
2016 2017 2018 2019 2020PF**
Bio-polymers Reduced Energy Use Human Health & Safety
Sustainable Infrastructure VOC Reduction Recycle Solutions
Eco-Conscious Lightweighting
Revenue From Sustainable Solutions* 2016-2020
$405M
$455M
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Masterbatch business
$340M
$550M
$790M
19
Key Updates
• Includes Clariant Masterbatch performance
• Increases disclosures and ESG data
• Provides performance updates on 2030 Sustainability Goals
• Commits to operational carbon neutrality in 2050 and 100%
renewable energy by 2050 (RE 100)
• Announces Avient’s participation in U.N.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2030 SUSTAINABILITY TARGETS
20
2021 AVIENT INVESTOR DAY
21
• Investor Day to be held December 9, 2021 in New York, NY
• Company will provide updates on its key growth drivers
with a deep focus on sustainable solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team to also present on Clariant MB
integration, M&A opportunities and capital allocation
priorities
PEER COMPARISONS
22
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine
and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of
materials and packaging across a spectrum of end uses
Avient employs approximately 8,400 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include the impact the COVID-19 pandemic has on our business, results from
operations, financial condition and liquidity; our ability to achieve the strategic and other
objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected
synergies; 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; changes in polymer consumption growth rates and laws and regulations
regarding plastics in jurisdictions where we conduct business; changes in global industry
capacity or in the rate at which anticipated changes in industry capacity come online;
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 continue to pay cash dividends including at
the increased rate; an inability to raise or sustain prices for products or services; an ability to
achieve or delays in achieving or achievement of less than the anticipated financial benefit from
initiatives related to acquisitions and integration, working capital reductions, costs reductions
and employee productivity goals; information systems failures and cyberattacks; and other
factors affecting our business beyond our control, including, without limitation, changes in the
general economy, changes in interest rates and changes in the rate of inflation.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Standard%2520Quality%2520Response_2016_6_9.pdf
PolyOne Corporation, its subsidiaries and affiliates--designs, sources, manufactures and
distributes chemicals and plastic products globally.
Sincerely,
Brett Warland
Director of Process Improvement
PolyOne Corporate
PolyOne Quality Survey Standard
Response
2015 12 09
Source: Corporate Quality
Page: 2 of 14
Table of Contents
1.0 POLYONE CORPORATE: OVERVIEW ................................................................................................................................... 3
2.0 MANAGEMENT SYSTEM REGISTRATIONS .......................................................................................................................... 3
3.0 AUDIT ................................................................................................................................................................................ 3
4.0 MANAGEMENT RESPONSIBILITY ........................................................................................................................................ 4
5.0 QUALITY OVERVIEW .......................................................................................................................................................... 5
5.1 QUALITY MANAGEMENT SYSTEM ................................................................................................................................................. 7
5.2 SUPPLIER MANAGEMENT ............................................................................................................................................................ 7
5.3 DELIVERY ................................................................................................................................................................................. 8
5.4 SYSTEMS, POLICIES, AND PRACTICES .............................................................................................................................................. 9
5.5 RESPONSIVENESS ....................................................................................................................................................................... 9
5.6 TECHNOLOGY.......................................................................................................................................................................... 10
6.0 INFORMATION TECHNOLOGY DISASTER RECOVERY PRACTICES....................................................................................... 11
7.0 ENVIRONMENTAL MANAGEMENT SYSTEM / ISO 14001 .................................................................................................. 14
8.0 CREDIT REFERENCES ........................................................................................................................................................ 14
9.0 SUSTAINABILITY AND NO SURPRISES PLEDGE .................................................................................................................. 14
PolyOne Quality Survey Standard
Response
2015 12 09
Source: Corporate Quality
Page: 3 of 14
1.0 PolyOne Corporate: Overview
• To view the PolyOne Executive Leadership Team and the PolyOne Business Leadership, please visit the
following URL: http://www.polyone.com/company/about-us/company-officers
Corporate Department of Continuous Improvement (Quality Department)
Brett Warland Director of Process Improvement 440-930-3318
Jake Kucbel Corporate Quality Engineer 440-930-1557
SIC / NAICS Codes and Descriptions for PolyOne Businesses
3087 325991 Customer compounding of purchased resins
2821 325211 Plastic material and resin manufacturing
2851 325510 Paint and coating manufacturing (Specialty Coatings)
5162 422610 Plastic materials wholesalers (POD)
326199 Composites (Glasforms)
DUNS# 84-508-2861 PolyOne Corporate at PolyOne Center
Federal ID# 34-1730488
• Company Longevity: As PolyOne, since 9/1/2000.