https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
He has
comprehensive knowledge of financial accounting standards and extensive
experience in financial statement preparation, corporate finance, corporate
development, risk management, and investor relations.
Jellison began his career with
the Donnelly Corporation, a publicly traded international automotive parts
supplier, where he served in several senior leadership roles, advancing to Vice
President of Finance.
Pro forma means targetʼs prior year results corresponding to remaining time left in the performance
period, adjusted for purchase accounting and acquisition financing, if any.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
He has comprehensive knowledge of financial
accounting standards and extensive experience in financial
statement preparation, corporate finance, corporate development,
risk management, and investor relations.
Jellison began his
career with the Donnelly Corporation, a publicly traded international
automotive parts supplier, where he served in several senior
leadership roles, advancing to Vice President of Finance.
Pro forma means target’s prior year results
corresponding to remaining time left in the performance period, adjusted for purchase accounting and acquisition financing, if any.
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
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 38.3 116.2
Amortization expense, after-tax 14.6 49.0
Adjusted net income from continuing operations excluding special
items 35.9 248.0
Pro forma adjustments* 2.5 13.6
APM pro forma 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 pro forma for APM
acquisition $ 0.42 $ 3.04
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
Three Months Ended
December 31,
Year Ended
December 31,
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Three Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Reconciliation to Condensed Consolidated Statements of Income: $ EPS $ EPS
Net income (loss) from continuing operations attributable to Avient
shareholders $ 5.1 $ 0.06 $ (27.4) $ (0.30)
Special items, after tax 32.0 0.35 68.3 0.75
Amortization expense, after-tax 15.2 0.16 $ 13.4 $ 0.14
Adjusted net income / EPS $ 52.3 $ 0.57 $ 54.3 $ 0.59
Three Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Sales - GAAP $ 753.7 $ 823.3
Pro Forma APM adjustments — 60.7
Pro forma adjusted sales $ 753.7 $ 884.0
Net income from continuing operations – GAAP $ 5.1 $ (27.8)
Income tax (benefit) expense (0.1) (1.2)
Interest expense, net 30.3 37.3
Depreciation and amortization 46.4 39.8
EBITDA from continuing operations $ 81.7 $ 48.1
Special items, before tax 43.2 82.0
Interest expense included in special items (2.2) (10.0)
Depreciation and amortization included in special items — (0.8)
Adjusted EBITDA $ 122.7 $ 119.3
Pro forma APM adjustments — 17.2
Pro forma adjusted EBITDA $ 122.7 $ 136.5
Pro forma adjusted EBITDA as a % of sales 16.3 % 15.4 %
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense, net 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA from continuing operations $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
Adjusted EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation to EBITDA and Adjusted EBITDA:
Three Months Ended
December 31, 2022
Net loss from continuing operations – GAAP $ (16.6)
Income tax benefit (60.8)
Interest expense, net 49.4
Depreciation and amortization 48.6
EBITDA from continuing operations $ 20.6
Special items, before tax 104.3
Interest expense included in special items (16.0)
Depreciation and amortization included in special items (1.5)
Adjusted EBITDA $ 107.4
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months Ended
December 31, 2022
Net loss from continuing operations attributable to Avient
shareholders $ (17.0)
Special items, after tax 38.3
Amortization expense, after-tax 14.6
Adjusted net income from continuing operations excluding special
items 35.9
Pro forma adjustments* 2.5
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4
Weighted average diluted shares 91.7
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
AVNT January IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
What we do: We are a formulator
Slide Number 7
Avient protective materials �First Year
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Slide Number 25
Avient is asset light
Free cash flow conversion
Multiple expansion
Slide Number 29
Slide Number 30
Slide Number 31
2022 pro forma segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 35
IR Deck - AVNT-2023.09.30 Non GAAP Recs.pdf
Attachment
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Czech.pdf
Žádné finance nebo prostředky společnosti,
které nejsou přípustné ze zákona a schválené oddělením
podnikové komunikace, však nesmí být používány k přímému
nebo nepřímému požadování nebo poskytování příspěvků
politickým kandidátům nebo stranám.
V takových případech lze využít
finance a prostředky společnosti Avient, ale pouze v případě, že
to umožňuje zákon a jsou získána potřebná schválení.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_CZ2.pdf
Žádné finance nebo prostředky společnosti,
které nejsou přípustné ze zákona a schválené oddělením podnikové
komunikace, však nesmí být používány k přímému nebo nepřímému
požadování nebo poskytování příspěvků politickým kandidátům
nebo stranám.
V takových případech lze využít
finance a prostředky společnosti Avient, ale
pouze v případě, že to umožňuje zákon a jsou
získána potřebná schválení.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
He has
comprehensive knowledge of financial accounting standards and extensive
experience in financial statement preparation, corporate finance, corporate
development, risk management, and investor relations.
Jellison began his career with
the Donnelly Corporation, a publicly traded international automotive parts
supplier, where he served in several senior leadership roles, advancing to Vice
President of Finance.
Pro forma means target’s prior year results corresponding to remaining time left in the performance
period, adjusted for purchase accounting and acquisition financing, if any.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_final2.pdf
Each of us, particularly personnel in the Finance organization, is
expected to report any accounting or auditing matters that would
appear to circumvent the preparation of reliable financial reports
or the internal control system, and to report other concerns
regarding questionable accounting or auditing matters.
TABLE OF CONTENTS
INTRODUCTION
OUR CODE OF
CONDUCT
RESPECT FOR ALL
HONESTY AT WORK
INTEGRITY IN OUR
BUSINESS
CORPORATE SOCIAL
RESPONSIBILITY
RESOURCES
CODE OF CONDUCT | 29
https://www.avient.com/company/policies-and-governance-0/avients-human-rights-policy
Internal Contacts—Ethics and Compliance Resources
For more information on the Code or our expectations, contact the following resources directly:
• Your supervisor or any Avient manager
• Your human resources representative or the Human Resources department
• The Corporate Ethics Officer
• Any member of the Legal department
• The function with the appropriate expertise (e.g., Corporate Finance, Internal Audit, Sourcing)
Ethics Hotline
Call or use the Ethics Hotline if:
• You need advice or have a question
• You wish to raise an issue or concern
• You raised an issue or concern and were not satisfied
• You are not sure where to go for information
• You are uncomfortable using one of the other resources listed in the Code
The Ethics Hotline is available globally in over 20 languages, 24 hours a day, 7 days a week.
https://www.avient.com/sites/default/files/2023-08/Avient General Purchase Conditions.pdf
Additional
information is available at
https://www.cbp.gov/trade/trade-
community/programs-outreach/convict-
importations
12.10 Supplier shall responsibly source
tantalum, tin, tungsten and gold or their
derivatives (3TG metals) to ensure that the
Goods supplied to Avient do not directly or
indirectly finance or benefit armed groups in the
Democratic Republic of the Congo or an
adjoining country (the “Covered Countries”), and
to abide by Avient’s Policy Statement on Conflict
Minerals regarding Goods supplied to Avient.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
He has
comprehensive knowledge of financial accounting standards and extensive
experience in financial statement preparation, corporate finance, corporate
development, risk management, and investor relations.
Jellison began his career with
the Donnelly Corporation, a publicly traded international automotive parts
supplier, where he served in several senior leadership roles, advancing to Vice
President of Finance.
Pro forma means target’s prior year results corresponding to remaining time left in the performance
period, adjusted for purchase accounting and acquisition financing, if any.