https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Sincerely,
Members of the Governance and Corporate Responsibility Committee,
Avient Board of Directors
Sandra Beach Lin Richard Fearon Gregory Goff Neil Green Kerry Preete Dr.
Energy efficiency
improvements
and green energy
procurement
8% 2016–202370% in 2023
Launched solutions
to reduce carbon
footprint & enable
circular economy
GOAL MET
Green electricity
purchase
agreements
Delivered 8%
organic CAGR
(2016–2023)
Utilized EcoVadis
to facilitate
assessments
GOAL MET
47 “landfill free” sites
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 7
Avient Reaffirms Commitment to U.N.
Khandpur
President and
Chief Executive Officer,
Avient Corporation
Neil Green
Executive Vice President
and Chief Digital Officer,
Otis Worldwide Corporation
Ernest Nicolas
Chief Supply Chain Officer,
HP Inc.
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-sc-super-concentrate-technologies
Trilliant™ HC Healthcare Thermoplastics
Stan-Tone™ HC Plus Silicone Dispersions for Healthcare
Versaflex™ HC Thermoplastic Elastomers
https://www.avient.com/news/specialty-and-sustainable-healthcare-material-solutions-avient-medtec-china-2023
Versaflex™ HC BT218 TPEs for Biopharmaceutical tubing provide weldability, kink resistance, and tensile strength performance.
Versaflex™ HC 2110-57B TPEs comply with ISO 10993-4, ISO 10993-5, and USP Class VI and are suitable for Ethylene Oxide (EtO) sterilization without residue or allergens.
https://www.avient.com/industries/healthcare/drug-delivery-systems/inhalation-devices
Versaflex™ HC Thermoplastic Elastomers
Trilliant™ HC Healthcare Thermoplastics
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Q 1 2 0 2 3
-8%
+6%
-1%
Flat
14
Total Avient -2.6%
2023 G U IDA N CE
$128
$525
$0.56
$2.40
2023 GUIDANCE
16
$800
$3,280
Sales Adjusted EBITDA Adjusted EPS
(in millions) (in millions)
17
• Focused on working capital
management, restructuring
actions to streamline
operations
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Preserve Free Cash Flow to
maintain net leverage
CASH FLOW / LEVERAGE
($ millions) 2023E
Cash Flow from Operating Activities 320$
Less: CapEx (140)
Free Cash Flow 180$
Adjusted EBITDA 525$
Net Debt / Adjusted EBITDA 3.0x
SUSTAINABILITY AS A GROWTH DRIVER
18
LONG-TERM REVENUE GROWTH DRIVERS
Revenue From Sustainable Solutions* 2016-2022
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
$1,175M
*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 Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
SUSTAINABILITY REPORT
2022
• Provides progress on 2030 goals
• Reaffirms commitment to U.N.
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-colorants-and-formulations
Pre-tested color range for PE, PP, PEBA, PC and ABS to speed up time to market
White colorants specifically formulated for PP and PE pharmaceutical containers
Healthcare Thermoplastics: Trilliant™ HC
https://www.avient.com/news/avient-launches-medical-tpe-grades-formulated-without-animal-derivatives
The injection-moldable Versaflex™ HC 3810 series is formulated without animal derivatives and offers a wide range of durometers to serve a variety of medical device applications.
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/trilliant
Healthcare Thermoplastics: Trilliant™ HC
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-transcend-premier-healthcare-colorants
Healthcare Thermoplastics: Trilliant™ HC
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
Healthcare TPEs: Versaflex™ HC