https://www.avient.com/sites/default/files/2020-08/stan-tone-wdn-product-bulletin.pdf
PRODUCT BULLETIN
Stan-Tone™ Colorants
Water Dispersion (WDN)
Stan-Tone™ WDN water dispersions are high-solids
organic and inorganic single pigment dispersions
designed to help meet industry standards, including
pH level.
They are produced to provide consistent
color value and tint strength.
KEY CHARACTERISTICS
• No wetting agents, no surfactants, no glycol
• Consistent tint strength and color
• Minimized settling
APPLICATIONS
Stan-Tone WDN dispersions are suitable for use
in a variety of applications, including:
• Latex gloves and dipped balloons
• Coating and adhesive systems
Stan-Tone
Code
Pigment
Type
Approx. %
Pigment
Approx. %
Solids
Color
Index
pH
Typical
Weight
Lbs/Gal
WHITE
10WDN03
Titanium Dioxide,
Rutile
60 73 PW-6 9 16.7
YELLOW
12WDN01 Diarylide AAOT GS 35 43 PY-14 8.8 9.4
12WDN02 Diarylide HR RS 37 44 PY-83 8.8 9.6
12WDN03 Arylide GY RS 38 45 PY-74 8.8 9.2
81WDN01 Iron Oxide 55 63 PY-42 8.8 14.5
ORANGE
15WDN01 Pryazolone YS 40 45 PO-13 8.8 9.2
15WDN03 Dianisidine RS 35 37 PO-16 8.8 9.2
15WDN06 DNA Orange RS 31 43 PO-5 8.8 9.7
RED
22WDN01 Lithol Rubine BS 33 40 PR-57 8.8 9.8
21WDN01 Naphthol BS 35 43 N/A 8.8 9.5
25WDN01 Red 2B, Ca BS 34 41 PR-48:2 8.8 9.6
28WDN01 Red 2B, Ba YS 36 44 PR-48:1 8.8 9.5
82WDN02 Iron Oxide 57 66 PR-101 8.8 16
BLUE
40WDN01 Phthalocyanine RS 35 46 PB-15 8.8 9.7
40WDN03 Phthalocyanine GS 38 43 PB-15:3 8.8 9.8
GREEN
WDN-27822 Phthalocyanine BS 42 53 PG-7 8.8 10.5
VIOLET/MAGENTA
24WDN02 Carbazole 35 48 PV-23 8.8 9.6
24WDN03 Quinacridone 31 39 PV-19 8.8 9.6
24WDN05 Quinacridone 30 41 PR-122 8.8 10
BLACK
90WDN01 Carbon Black 45 49 PB-7 8.8 9.3
WDN
RS = Red Shade YS = Yellow Shade BS = Blue Shade GS = Green Shade HR = Heat-Resistant
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-melt-injection-metering-system-flyer-1.pdf
FlexCart M.I. is the system specifically designed
to deliver liquid colorants directly into molten processes
at pressures up to 200 bar.
PlanetPak containers are recommended for Avient liquid
colors and additives.
See image)
Avient can provide support and assistance on
every aspect of liquid color and additive processing.
https://www.avient.com/sites/default/files/2022-12/Mevopur Healthcare Functional Additives Medical Devices Application Bulletin.pdf
KEY CHARACTERISTICS
• Manufactured at four ISO 13485 certified sites,
providing global consistency and increased
security of supply
• Documented change control beyond CAS
number reducing risk of change
• Non-phthalate and formulated without animal-
derived substances
• Available for use in a wide range of polymers
including polyolefins, styrenics, polycarbonate
and alloys, polyester, POM
• Functionality can be combined with colorants
into convenient combination concentrates and
ready-to-use formulations
REGULATORY SUPPORT
• Raw materials tested to:
- ISO 10993-1 and USP biological
evaluation
- European Pharmacopeia 3.1.3/3.1.5
(polyolefin)
- USP (polyethylene)
- ICH Q3D elemental impurities
• Registered Drug Master File (Type III) and/or
Device Master File
• Food contact established with FDA/EU*
APPLICATION BULLETIN
* FDA/EU compliance information available upon request
FUNCTIONALITY TARGET APPLICATIONS
DRUG
DELIVERY
DEVICES
SYRINGES &
NEEDLES DIAGNOSTICS CATHETERS
Clarifying PP
Sorbitol-free for transparent
applications with reduced migration
and improved thermal stability
Lubricant—
permanent/
non-migrating
Fast acting reduction in friction
for wide variety of polymers such
as PP, ABS, POM, PC
Protection from
UV in transparent
applications for PP,
PE, PETG, COP
UV blocking in 290-450nm with
no impact on clarity; can be
combined with colors (e.g., amber)
Antistatic ready-to-
use solution for PP,
ABS, PC/ABS
Permanent/non-migrating;
fast decay time independent
of % relative humidity
Gamma/e-beam
sterilization
protection of the
polymer
Preserving the properties of
PP and COC/COP; reduction
in yellowing using Color
Compensation Technology (CCT)
Reduced material
consumption/cycle
time—nucleation
Fast acting new generation
nucleant for PE and PP; improved
thermal and mechanical properties
allows wall thinning; reduction of
tolerance/dimensional problems
between different colors
Laser marking
replacing ink
printing/labels
Solvent-free, high-speed
identification for Nd/YAG laser
for PE,PP, ABS, PC, POM
Antioxidants for
PE, PP, TPE
Thermal protection during
converting/downstream sterilization
Brand protection/
anticounterfeit Covert and non-covert systems
Healthcare use limitations apply—see below.
https://www.avient.com/sites/default/files/resources/Credit%2520Suisse%2520June%252026%25202013.pdf
Platform operating income mix percentage 2005Y* 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks 4.3 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions 75.7 64.2 65.8 31.3 33.1 54.0 62.4
Distribution 19.5 19.2 22.1 28.1 24.8 42.0 56.0
SunBelt Joint Venture 91.9 102.9 34.8 28.6 25.5 18.9 5.0
Corporate (51.5) 34.5 (73.3) (425.1) 7.9 (27.7) 20.3
Operating income (loss) GAAP $ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Less: Corporate operating expense (income) 51.5 (34.5) 73.3 425.1 (7.9) 27.7 (20.3)
Operating income excluding Corporate $ 191.8 $ 199.1 $ 153.3 $ 133.7 $ 129.2 $ 202.3 $ 212.7
Specialty platform operating mix percentage 2% 6% 20% 34% 35% 43% 42%
Platform operating income mix percentage 2012Y* 2012PF**
Global Specialty Engineered Materials $ 47.0 $ 47.7
Global Color, Additives and Inks 66.8 81.6
Designed Structures & Solutions -- 20.9
Specialty Platform $ 113.8 $ 150.2
Performance Products and Solutions 74.9 37.4
Distribution 66.0 66.0
Corporate (87.6) ( 87.9)
)Operating income GAAP $ 167.1 $ 165.7
Less: Corporate operating expense 87.6 87.9
Operating income excluding Corporate $ 254.7 $ 253.6
45% 60%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
Specialty platform operating mix percentage
Platform sales and operating income (OI) 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials
Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Global Specialty Engineered Materials - OI
% of sales
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI
% of sales 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
Average Debt Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average
PolyOne Debt $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 1055.5 $ 776.0
Average Equity Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average
PolyOne shareholders’ equity $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 669.2
Platform sales and operating income (OI) 2012Y* 2012PF** Q1 2013
Global Specialty Engineered Materials Sales $ 543.6 $ 773.0 $ 159.8
Global Color, Additives and Inks Sales 703.5 828.5 205.3
Designed Structures & Solutions -- 850.6 41.5
Specialty Platform Sales $ 1,247.1 2,452.1 406.6
Performance Products and Solutions Sales 837.0 696.1 159.7
PolyOne Distribution Sales 1,030.3 1,030.3 268.0
Corporate and Eliminations (121.8) (121.6) (33.2)
Total Sales $ 2,992.6 $ 4,056.9 $ 801.1
Global Specialty Engineered Materials OI $ 47.0 $ 47.7 $ 16.2
Global Color, Additives and Inks OI 66.8 81.6 24.1
Designed Structures & Solutions -- 20.9 1.9
Specialty Platform OI $ 113.8 $ 150.2 $ 42.2
Performance Products and Solutions OI 74.9 37.4 13.0
PolyOne Distribution OI 66.0 66.0 16.2
Corporate and eliminations (33.7) (40.0) (14.3)
Special items in OI (53.9) (53.9) (16.6)
Operating income - GAAP $ 167.1 $ 159.7 $ 40.5
Special items in OI 53.9 53.9 16.6
Operating income adjusted $ 221.0 $ 213.6 $ 57.1
Global Specialty Engineered Materials - OI % of
sales
8.6% 6.1% 10.1%
Global Color, Additives and Inks - OI % of sales 9.5% 9.8% 11.7%
Designed Structures & Solutions -- 2.5% 4.6%
Specialty platform OI % of sales 9.1% 6.1% 10.4%
PP&S operating OI % of sales 9.0% 5.4% 8.1%
Distribution OI % of sales 6.4% 6.4% 6.0%
PolyOne OI adjusted, % of sales 7.4% 5.3% 7.1%
PolyOne Investor Presentation�Credit Suisse Boston Basic Materials Conference ��June 26, 2013�
Forward – Looking Statements
Use of Non GAAP Measures
Strategy and Execution Drive Results – Since 2006:
Four Pillar Strategy
2013 Portfolio Transformation Highlights
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
We are Experts in Polymer Science and Formulation
Positioned for Strong Growth
First Quarter Financial Highlights
Debt Maturities & Liquidity Summary – 3/31/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2025-04/CCG PVDF Process Aid Product Bulletin.pdf
Colorant Chromatics™ PVDF Processing Aids are specially formulated to improve the melt processing in the
extrusion of polyvinylidene fluoride (PVDF) resins.
Colorant Chromatics™ PVDF Processing Aids
KEY CHARACTERISTICS
• Provides lubricity to reduce or eradicate
die build-up or die drool during processing
• Optimizes coefficient of friction (COF)
and helps control extrusion pressure
• Prevents melt fracture (also known as
sharkskin) resulting in a smoother
surface finish
• Minimizes defects for improved final
part quality
• Improves extrusion line speed to boost
production efficiency and reduce total
energy requirements
MARKETS & APPLICATIONS
Colorant Chromatics™ PVDF Processing Aids are
suitable for PVDF manufacturing in applications
such as:
• Wire & cable
• Tube or pipe extrusion
• Cable jacketing
• Filaments, including fishing line
PRODUCT BULLETIN
1.844.4AVIENT
www.avient.com
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Van Hulle Senior Vice President,
President of Global Color
Additives and Inks
Robert M.
McAlindon Senior Vice President,
President of Designed
Structures and Solutions
Fernando Sanchez Global Director of
Marketing
Global Color and Additives
Craig M.
Van Hulle
Global Color Additives and Inks
Percept™ Authentication Technologies
2) Security and Safety Solutions
Julie A.
https://www.avient.com/sites/default/files/2025-06/ColorMatrix Joule Fast Reheat Dispersions Tech Bulletin.pdf
On occasion, Joule
RHB products can also be used in bottle polymer
destined for water applications, but this usage
decision depends on the application tolerance to
color which must be determined via marketing
specialists prior to any trials.
The proprietary ColorMatrix technology has been
shown to deliver superior energy saving at bottle
blowing whilst at the same time imparting an
attractive light blue-shaded color to the preforms
(and bottles) without contributing to bottle haze.
Re-establishment of the toner package will be
required to achieve proper resin color.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
NIKE Website Sustainability Video
PolyOne Corporation 89
C O L O R M A T R I X S E L E C T ™
PolyOne Corporation 90
REDEFINING COLOR CREATION
Innovative system for processors and
OEMs to develop colors in real time
Complete system that provides
customers with the freedom to match,
prototype and produce color entirely
within their own facility
E N A B L I N G T H E C U S T O M E R
Empowers the customer to move at their speed by reducing complexity and
simplifying the supply chain.
3D printing.
PolyOne Corporation 91
S P E E D T O M A R K E T
From concept to production
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
PolyOne Corporation 92
“Being able to create color
and produce parts in 1 day is
unheard of in this industry.
This system is clean and the
consistency of colored parts
from shot to shot is
excellent… We want to
purchase more dosers now.”
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
Three Months Ended
June 30,
Six Months Ended
June 30,
2021 2020 2021 2020
Sales:
Color, Additives and Inks $ 624.4 $ 226.8 $ 1,233.7 $ 483.3
Specialty Engineered Materials 240.6 158.8 457.1 344.1
Distribution 404.4 238.8 767.1 528.3
Corporate and eliminations (34.2) (15.3) (60.4) (35.1)
Sales $ 1,235.2 $ 609.1 $ 2,397.5 $ 1,320.6
Gross margin:
Color, Additives and Inks $ 193.4 $ 75.7 $ 390.9 $ 165.1
Specialty Engineered Materials 69.6 42.5 134.3 95.1
Distribution 40.1 27.2 79.4 60.8
Corporate and eliminations (14.4) 4.3 (13.5) 0.2
Gross margin $ 288.7 $ 149.7 $ 591.1 $ 321.2
Selling and administrative expense:
Color, Additives and Inks $ 107.1 $ 43.4 $ 215.8 $ 92.3
Specialty Engineered Materials 32.3 25.5 62.8 55.8
Distribution 16.4 12.6 31.7 26.8
Corporate and eliminations 24.8 30.2 52.3 55.5
Selling and administrative expense $ 180.6 $ 111.7 $ 362.6 $ 230.4
Operating income:
Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8
Specialty Engineered Materials 37.3 17.0 71.5 39.3
Distribution 23.7 14.6 47.7 34.0
Corporate and eliminations (39.2) (25.9) (65.8) (55.3)
Operating income $ 108.1 $ 38.0 $ 228.5 $ 90.8
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4
Specialty Engineered Materials 45.4 24.6 87.4 54.4
Distribution 23.9 14.7 48.1 34.2
Corporate and eliminations (39.0) (23.3) (63.8) (51.4)
Other income, net 1.2 9.5 $ 2.7 $ 11.1
EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current
profitability levels and how it may serve as a basis for future performance.
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months
Ended
June 30, 2020
Six Months
Ended
June 30, 2020
Year Ended
December 31,
2020
Net income from continuing operations attributable to Avient
shareholders $ 23.0 $ 56.1 $ 132.0
Special items, after tax 2.6 11.2 24.8
Adjusted net income from continuing operations excluding special
items 25.6 67.3 156.8
Clariant MB pro forma adjustments to net income from continuing
operations(2) 12.9 20.7 20.7
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.5 $ 88.0 $ 177.5
Weighted average diluted shares 91.8 89.4 90.6
Pro forma impact to diluted shares from January 2020 equity
offering(2) — 2.9 1.5
Pro forma weighted average diluted shares 91.8 92.3 92.1
Adjusted EPS - excluding special items pro forma for Clariant MB
acquisition $ 0.42 $ 0.95 $ 1.93
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
14
Three Months Ended
June 30, 2020
Reconciliation of Pro Forma Adjusted
Earnings per Share Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient
Sales $ 609.1 $ — $ 609.1 $ 261.1 $ 870.2
Operating income $ 38.0 $ 9.0 $ 47.0 $ 22.0 $ 69.0
Interest expense, net (16.2) — (16.2) (5.3) (21.5)
Other income, net 9.5 (6.6) 2.9 — 2.9
Income taxes (7.9) 0.2 (7.7) (3.8) (11.5)
Net income attributable to noncontrolling
interests (0.4) — (0.4) — (0.4)
Net income from continuing operations
attributable to Avient shareholders $ 23.0 $ 2.6 $ 25.6 $ 12.9 $ 38.5
Weighted average diluted shares 91.8
Pro forma adjusted EPS $ 0.42
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Six Months Ended
June 30, 2020
Reconciliation of Pro Forma Adjusted
Earnings per Share: Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient
Sales $ 1,320.6 $ — $ 1,320.6 $ 540.5 $ 1,861.1
Operating income $ 90.8 $ 18.7 $ 109.5 $ 45.0 $ 154.5
Interest expense, net (25.6) — (25.6) (18.1) (43.7)
Other income, net 11.1 (6.7) 4.4 — 4.4
Income taxes (19.8) (0.8) (20.6) (6.2) (26.8)
Net income attributable to noncontrolling
interests (0.4) — (0.4) — (0.4)
Net income from continuing operations
attributable to Avient shareholders $ 56.1 $ 11.2 $ 67.3 $ 20.7 $ 88.0
Weighted average diluted shares 89.4
Impact to diluted shares from January 2020 equity offering 2.9
Pro forma weighted average diluted shares 92.3
Pro forma adjusted EPS $ 0.95
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
15
Reconciliation of EBITDA by Segment
Three Months Ended
June 30,
Six Months Ended
June 30
2021 2020 2021 2020
Operating income:
Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8
Specialty Engineered Materials 37.3 17.0 71.5 39.3
Distribution 23.7 14.6 47.7 34.0
Corporate and eliminations (39.2) (25.9) (65.8) (55.3)
Operating income $ 108.1 $ 38.0 $ 228.5 $ 90.8
Items below OI in Corporate:
Other income, net $ 1.2 $ 9.5 $ 2.7 $ 11.1
Depreciation & amortization:
Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6
Specialty Engineered Materials 8.1 7.6 15.9 15.1
Distribution 0.2 0.1 0.4 0.2
Corporate and eliminations 0.2 2.6 2.0 3.9
Depreciation & Amortization $ 33.8 $ 20.9 $ 70.9 $ 40.8
EBITDA:
Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4
Specialty Engineered Materials 45.4 24.6 87.4 54.4
Distribution 23.9 14.7 48.1 34.2
Corporate and eliminations (39.0) (23.3) (63.8) (51.4)
EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7
EBITDA as a % of Sales:
Color, Additives and Inks 17.9 % 18.9 % 18.5 % 19.5 %
Specialty Engineered Materials 18.9 % 15.5 % 19.1 % 15.8 %
Distribution 5.9 % 6.2 % 6.3 % 6.5 %
16
Reconciliation of Pro Forma EBITDA - Color, Additives and Inks
Three Months Ended
June 30,
Six Months Ended
June 30,
2021 2020 2021 2020
Sales:
Color, Additives and Inks $ 624.4 $ 226.8 $ 1,233.7 $ 483.3
Clariant MB pro forma adjustments(2) — 261.1 — 540.5
Pro forma sales $ 624.4 $ 487.9 $ 1,233.7 $ 1,023.8
Operating income:
Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8
Clariant MB pro forma adjustments(2) — 22.0 — 45.0
Pro forma operating income $ 86.3 $ 54.3 $ 175.1 $ 117.8
Depreciation & amortization:
Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6
Clariant MB pro forma adjustments(2) — 15.0 — 30.1
Pro forma depreciation & amortization $ 25.3 $ 25.6 $ 52.6 $ 51.7
Earnings Before Interest, Taxes, Depreciation and Amortization
(EBITDA):
Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4
Clariant MB pro forma adjustments(2) — 37.0 — 75.1
Pro forma EBITDA $ 111.6 $ 79.9 $ 227.7 $ 169.5
Pro forma EBITDA as a % of Sales 17.9 % 16.4 % 18.5 % 16.6 %
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Three Months Ended
June 30,
Six Months Ended
June 30,
Reconciliation to Pro Forma Adjusted EBITDA: 2021 2020 2021 2020
Net income from continuing operations – GAAP $ 69.4 $ 23.4 $ 149.1 $ 56.5
Income tax expense 20.4 7.9 43.3 19.8
Interest expense 19.5 16.2 38.8 25.6
Depreciation and amortization from continuing operations 33.8 20.9 70.9 40.8
EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7
Special items, before tax 14.2 2.4 16.6 12.0
Interest expense included in special items — (0.5) — (0.5)
Depreciation and amortization included in special items 1.4 (1.2) 0.8 (1.2)
Adjusted EBITDA $ 158.7 $ 69.1 $ 319.5 $ 153.0
Clariant MB pro forma adjustments(2) — 37.0 — 75.1
Pro forma adjusted EBITDA $ 158.7 $ 106.1 $ 319.5 $ 228.1
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Pro Forma Financial Information
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
To provide comparable financial results, Avient references “pro forma” financial metrics, which include the business results of Clariant Color for
periods prior to the Acquisition Date.
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
*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
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
6
S E CO N D Q UART E R 2022
RE S U LT S
$122
$134
$0.87
$0.98
Q2 2022 PERFORMANCE
(TOTAL COMPANY)
8
Sales Adjusted Operating Income
$1,235
$1,302
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
9
CAI
$624
$649
SEM Distribution
$86
$94
+ 4% + 9%
$404
$443
$24
$27
+ 10% + 13%
$241 $244
$37 $37
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
10
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q2 EBITDA BRIDGE
11
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
12
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.