https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. 6 Investor Relations Contact: Giuseppe (Joe) Di Salvo Vice President, Treasurer and Investor Relations Avient Corporation +1 440-930-1921 giuseppe.disalvo@avient.com Media Contact: Kyle G.
Three Months Ended December 31, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 48.3 $ 0.52 $ 27.8 $ 0.30 Special items, after-tax (Attachment 3) (18.0) (0.20) 5.4 0.06 Amortization expense, after-tax 14.8 0.17 15.0 0.16 Adjusted net income / EPS $ 45.1 $ 0.49 $ 48.2 $ 0.52 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended December 31, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 169.5 $ 1.84 $ 75.8 $ 0.83 Special items, after-tax (Attachment 3) 15.9 0.17 79.3 0.86 Amortization expense, after-tax 59.5 0.65 61.5 0.67 Adjusted net income / EPS $ 244.9 $ 2.66 $ 216.6 $ 2.36 (1) Per share amounts may not recalculate from figures presented herein due to rounding 8 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8 Cost of sales 487.0 510.1 2,183.7 2,250.3 Gross margin 259.5 208.9 1,056.7 892.5 Selling and administrative expense 173.9 165.8 727.4 695.7 Operating income 85.6 43.1 329.3 196.8 Interest expense, net (25.5) (26.8) (105.6) (115.3) Other income, net 3.2 4.3 1.1 5.8 Income from continuing operations before income taxes 63.3 20.6 224.8 87.3 Income tax (expense) benefit (14.8) 7.0 (54.1) (11.0) Net income from continuing operations 48.5 27.6 170.7 76.3 Income (loss) from discontinued operations, net of income taxes — 0.8 — (0.1) Net income 48.5 28.4 170.7 76.2 Net (income) loss attributable to noncontrolling interests (0.2) 0.2 (1.2) (0.5) Net income attributable to Avient common shareholders $ 48.3 $ 28.6 $ 169.5 $ 75.7 Earnings per share attributable to Avient common shareholders - Basic: Continuing operations $ 0.53 $ 0.30 $ 1.86 $ 0.83 Discontinued operations — 0.01 — — Total $ 0.53 $ 0.31 $ 1.86 $ 0.83 Earnings per share attributable to Avient common shareholders - Diluted: Continuing operations $ 0.52 $ 0.30 $ 1.84 $ 0.83 Discontinued operations — 0.01 — — Total $ 0.52 $ 0.31 $ 1.84 $ 0.83 Cash dividends declared per share of common stock $ 0.2700 $ 0.2575 $ 1.0425 $ 1.0000 Weighted-average shares used to compute earnings per common share: Basic 91.4 91.2 91.3 91.1 Diluted 92.2 91.9 92.0 91.8 9 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Cost of sales: Restructuring costs, including accelerated depreciation $ (4.6) $ (2.0) $ 1.0 $ (11.9) Environmental remediation costs (6.8) (17.2) (35.0) (69.7) Reimbursement of previously incurred environmental costs 34.7 1.6 34.7 1.6 Impact on cost of sales 23.3 (17.6) 0.7 (80.0) Selling and administrative expense: Restructuring and employee separation costs (2.6) (1.1) (9.2) (14.9) Legal and other (0.3) (6.1) (10.4) (15.2) Acquisition related costs — (1.3) (2.5) (5.9) Impact on selling and administrative expense (2.9) (8.5) (22.1) (36.0) Impact on operating income 20.4 (26.1) (21.4) (116.0) Interest expense, net - financing costs — (0.1) (2.3) (2.3) Pension and post retirement mark-to-market adjustments and other 3.5 3.8 3.6 3.7 Impact on other income, net 3.5 3.8 3.6 3.7 Impact on income from continuing operations before income taxes 23.9 (22.4) (20.1) (114.6) Income tax (expense) benefit on above special items (5.8) 4.5 6.1 27.7 Tax adjustments(2) (0.1) 12.5 (1.9) 7.6 Impact of special items on net income from continuing operations $ 18.0 $ (5.4) $ (15.9) $ (79.3) Diluted earnings per common share impact $ 0.20 $ (0.06) $ (0.17) $ (0.86) Weighted average shares used to compute adjusted earnings per share: Diluted 92.2 91.9 92.0 91.8 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items and certain adjustments to uncertain tax position reserves and valuation allowances. 10 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (Unaudited) (In millions) Year Ended December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 544.5 $ 545.8 Accounts receivable, net 399.5 399.9 Inventories, net 346.8 347.0 Other current assets 131.3 114.9 Total current assets 1,422.1 1,407.6 Property, net 955.3 1,028.9 Goodwill 1,659.7 1,719.3 Intangible assets, net 1,450.4 1,590.8 Operating lease assets, net 89.1 65.3 Deferred income tax assets 81.3 92.3 Other non-current assets 153.2 64.3 Total assets $ 5,811.1 $ 5,968.5 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 7.7 $ 9.5 Accounts payable 417.4 432.3 Accrued expenses and other current liabilities 331.0 331.8 Total current liabilities 756.1 773.6 Non-current liabilities: Long-term debt 2,059.3 2,070.5 Deferred income taxes 260.4 281.6 Other non-current liabilities 405.7 504.8 Total non-current liabilities 2,725.4 2,856.9 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,313.8 2,319.2 Noncontrolling interest 15.8 18.8 Total equity 2,329.6 2,338.0 Total liabilities and equity $ 5,811.1 $ 5,968.5 11 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Year Ended December 31, 2024 2023 Operating activities Net income $ 170.7 $ 76.2 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 179.7 188.8 Increase in environmental insurance receivable (34.0) — Deferred income tax benefit (23.8) (61.3) Share-based compensation expense 15.4 13.2 Changes in assets and liabilities, net of the effect of acquisitions: (Increase) decrease in accounts receivable (15.2) 38.6 (Increase) decrease in inventories (13.7) 24.3 Increase (decrease) in accounts payable 0.3 (22.2) Decrease in pension, retirement benefits and deferred compensation (34.3) (8.7) Taxes paid on gain on sale of business — (104.1) (Decrease) increase in environmental obligations (11.2) 38.9 Accrued expenses and other assets and liabilities, net 22.9 17.9 Net cash provided by operating activities 256.8 201.6 Investing activities Capital expenditures (121.9) (119.4) Net proceeds from divestiture — 7.3 Proceeds from plant closures 3.4 7.6 Other investing activities (2.1) 10.3 Net cash used by investing activities (120.6) (94.2) Financing activities Proceeds from long-term borrowings 650.0 — Payments on long-term borrowings (660.9) (105.8) Cash dividends paid (94.0) (90.2) Payments on withholding tax on share awards (6.4) (3.4) Debt financing costs (9.6) (2.3) Net cash used by financing activities (120.9) (201.7) Effect of exchange rate changes on cash (16.6) (1.0) Decrease in cash and cash equivalents (1.3) (95.3) Cash and cash equivalents at beginning of year 545.8 641.1 Cash and cash equivalents at end of year $ 544.5 $ 545.8 12 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. 6 Non-GAAP Financial Measures The Company uses both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Three Months Ended September 30, 2022 Three Months Ended September 30, 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net (loss) income from continuing operations attributable to Avient shareholders $ (27.4) $ (0.30) $ 33.7 $ 0.37 Special items, after tax (Attachment 3) 68.3 0.75 11.7 0.13 Amortization expense, after-tax 13.4 0.14 $ 11.0 $ 0.11 Adjusted net income / EPS $ 54.3 $ 0.59 $ 56.4 $ 0.61 Nine Months Ended September 30, 2022 Nine Months Ended September 30, 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 99.8 $ 1.08 $ 143.3 $ 1.56 Special items, after tax (Attachment 3) 77.9 0.85 26.0 0.28 Amortization expense, after-tax 34.9 0.38 $ 33.6 0.36 Adjusted net income / EPS $ 212.6 $ 2.31 $ 202.9 $ 2.20 8 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5 Cost of sales 627.9 602.4 1,895.8 1,781.2 Gross margin 195.4 215.6 710.7 727.3 Selling and administrative expense 154.8 162.8 467.8 497.7 Operating income 40.6 52.8 242.9 229.6 Interest expense, net (37.3) (19.0) (70.4) (57.8) Other (expense) income, net (32.3) 1.6 (31.3) 4.3 (Loss) income from continuing operations before income taxes (29.0) 35.4 141.2 176.1 Income tax benefit (expense) 1.2 (2.0) (41.5) (32.1) Net (loss) income from continuing operations (27.8) 33.4 99.7 144.0 Income from discontinued operations, net of income taxes 17.1 19.2 58.8 57.7 Net (loss) income (10.7) 52.6 158.5 201.7 Net loss (income) attributable to noncontrolling interests 0.4 0.3 0.1 (0.7) Net (loss) income attributable to Avient common shareholders $ (10.3) $ 52.9 $ 158.6 $ 201.0 (Loss) earnings per share attributable to Avient common shareholders - Basic: Continuing operations $ (0.30) $ 0.37 $ 1.09 $ 1.57 Discontinued operations 0.19 0.21 0.65 0.63 Total $ (0.11) $ 0.58 $ 1.74 $ 2.20 (Loss) earnings per share attributable to Avient common shareholders - Diluted: Continuing operations $ (0.30) $ 0.37 $ 1.08 $ 1.56 Discontinued operations 0.19 0.20 0.64 0.62 Total $ (0.11) $ 0.57 $ 1.72 $ 2.18 Cash dividends declared per share of common stock $ 0.2375 $ 0.2125 $ 0.7125 $ 0.6375 Weighted-average shares used to compute earnings per common share: Basic 90.9 91.4 91.3 91.3 Diluted 90.9 92.2 92.0 92.1 9 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cost of sales: Restructuring costs, including accelerated depreciation $ (2.8) $ (5.3) $ (9.8) $ (8.6) Environmental remediation costs (18.8) (9.4) (23.8) (22.4) Reimbursement of previously incurred environmental costs 0.1 — 8.3 4.5 Acquisition related costs (10.3) (2.6) (10.3) (1.2) Impact on cost of sales (31.8) (17.3) (35.6) (27.7) Selling and administrative expense: Restructuring, legal and other (0.2) — — (1.7) Acquisition related costs (8.2) (2.7) (13.2) (7.2) Impact on selling and administrative expense (8.4) (2.7) (13.2) (8.9) Impact on operating income (40.2) (20.0) (48.8) (36.6) Interest expense, net - costs related to committed financing (10.0) — (10.0) — Mark-to-market on derivative instruments (31.8) — (30.9) — Other — 0.1 0.1 0.1 Impact on other (expense)/income, net (31.8) 0.1 (30.8) 0.1 Impact on income from continuing operations before income taxes (82.0) (19.9) (89.6) (36.5) Income tax benefit on above special items 20.5 4.6 22.5 8.9 Tax adjustments(2) (6.8) 3.6 (10.8) 1.6 Impact of special items on net income from continuing operations $ (68.3) $ (11.7) $ (77.9) $ (26.0) Diluted earnings per common share impact $ (0.75) $ (0.13) $ (0.85) $ (0.28) Weighted average shares used to compute adjusted earnings per share: Diluted 91.6 92.2 92.0 92.1 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax benefit/ (expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance adjustments. 10 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (In millions) (Unaudited) September 30, 2022 December 31, 2021 ASSETS Current assets: Cash and cash equivalents $ 544.4 $ 601.2 Accounts receivable, net 504.6 439.9 Inventories, net 441.5 305.8 Current assets held for sale 367.8 360.2 Other current assets 130.0 119.9 Total current assets 1,988.3 1,827.0 Property, net 965.4 672.3 Goodwill 1,491.0 1,284.8 Intangible assets, net 1,525.7 925.2 Operating lease assets, net 56.0 58.2 Non-current assets held for sale — 22.0 Other non-current assets 280.7 207.7 Total assets $ 6,307.1 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 613.9 $ 8.6 Accounts payable 448.7 429.5 Current operating lease obligations 18.1 21.1 Current liabilities held for sale 170.3 141.3 Accrued expenses and other current liabilities 304.6 340.2 Total current liabilities 1,555.6 940.7 Non-current liabilities: Long-term debt 2,502.9 1,850.3 Pension and other post-retirement benefits 91.6 99.9 Deferred income taxes 210.4 100.6 Non-current operating lease obligations 35.7 37.3 Non-current liabilities held for sale — 13.1 Other non-current liabilities 174.8 164.8 Total non-current liabilities 3,015.4 2,266.0 SHAREHOLDERS' EQUITY Avient shareholders’ equity 1,720.4 1,774.7 Noncontrolling interest 15.7 15.8 Total equity 1,736.1 1,790.5 Total liabilities and equity $ 6,307.1 $ 4,997.2 11 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Nine Months Ended September 30, 2022 2021 Operating Activities Net income $ 158.5 $ 201.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 110.3 105.8 Accelerated depreciation 4.0 1.9 Share-based compensation expense 9.5 8.4 Changes in assets and liabilities, net of the effect of acquisitions: Increase in accounts receivable (66.5) (199.7) Increase in inventories (12.5) (156.2) Increase in accounts payable 43.5 95.3 Decrease in pension and other post-retirement benefits (15.8) (14.2) (Decrease) increase in accrued expenses and other assets and liabilities, net (7.1) 67.0 Net cash provided by operating activities 223.9 110.0 Investing activities Capital expenditures (55.1) (62.7) Business acquisitions, net of cash acquired (1,426.1) (47.6) Settlement of foreign exchange derivatives 93.3 — Net cash proceeds used by other assets — (2.0) Net cash used by investing activities (1,387.9) (112.3) Financing activities Debt proceeds 1,300.0 — Purchase of common shares for treasury (36.4) (4.2) Cash dividends paid (65.2) (58.2) Repayment of long-term debt (6.8) (16.5) Payments of withholding tax on share awards (4.2) (9.1) Debt financing costs (49.3) — Other financing activities — (3.5) Net cash provided (used) by financing activities 1,138.1 (91.5) Effect of exchange rate changes on cash (30.9) (10.5) Decrease in cash and cash equivalents (56.8) (104.3) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of period $ 544.4 $ 545.2 12 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
Co m pr es si on S et (% ) Temperature (°C) 0 25 50 75 100 125 150 175 200 225 250 0 50 40 30 20 10 45A 55A 64A General-purpose silicone rubber COMPRESSION SET vs.
Learn more http://www.avient.com/tpeknowledgecenter http://www.avient.com Next Page 2: Previous Page 2: Next Page 3: Previous Page 3: Next Page 4: Previous Page 4: Next Page 8: Previous Page 8: Next Page 5: Previous Page 5: Next Page 9: Previous Page 9: Next Page 6: Previous Page 6: Previous Page 10: Next Page 10: Next Page 7: Previous Page 7: Next Page 11: Previous Page 11: Next Page 12: Previous Page 12: Next Page 13: Previous Page 13: Next Page 32: Previous Page 33: Next Page 34: Previous Page 37: Next Page 14: Previous Page 14: Next Page 15: Previous Page 16: Next Page 16: Previous Page 17: Next Page 17: Previous Page 18: Next Page 33: Previous Page 34: Next Page 18: Previous Page 19: Next Page 19: Previous Page 20: Next Page 20: Previous Page 21: Next Page 21: Previous Page 22: Next Page 22: Previous Page 23: Next Page 23: Previous Page 24: Next Page 24: Previous Page 25: Next Page 25: Previous Page 26: Next Page 26: Previous Page 27: Next Page 27: Previous Page 28: Next Page 28: Previous Page 29: Next Page 29: Previous Page 30: Next Page 30: Previous Page 31: Next Page 31: Previous Page 32: Previous Page 15: Previous Page 35: Previous Page 36:
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. 5 Investor Relations Contact: Giuseppe (Joe) Di Salvo Vice President, Treasurer and Investor Relations Avient Corporation +1 440-930-1921 giuseppe.disalvo@avient.com Media Contact: Kyle G.
Three Months Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income (loss) from continuing operations attributable to Avient shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19) Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42 Amortization expense, after-tax 15.0 0.16 14.6 0.16 Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90 Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26 Amortization expense, after-tax 61.5 0.67 49.0 0.53 Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69 (1) Per share amounts may not recalculate from figures presented herein due to rounding 7 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended December 31, Year Ended December 31, 2023 2022 2023 2022 Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Cost of sales 510.1 618.4 2,250.3 2,514.2 Gross margin 208.9 172.0 892.5 882.7 Selling and administrative expense 165.8 171.6 695.7 639.4 Operating income 43.1 0.4 196.8 243.3 Interest expense, net (26.8) (49.4) (115.3) (119.8) Other income (expense), net 4.3 (28.4) 5.8 (59.7) Income (loss) from continuing operations before income taxes 20.6 (77.4) 87.3 63.8 Income tax benefit (expense) 7.0 60.8 (11.0) 19.3 Net income (loss) from continuing operations 27.6 (16.6) 76.3 83.1 Income (loss) from discontinued operations, net of income taxes 0.8 561.5 (0.1) 620.3 Net income 28.4 544.9 76.2 703.4 Net loss (income) attributable to noncontrolling interests 0.2 (0.4) (0.5) (0.3) Net income attributable to Avient common shareholders $ 28.6 $ 544.5 $ 75.7 $ 703.1 Earnings (loss) per share attributable to Avient common shareholders - Basic: Continuing operations $ 0.30 $ (0.19) $ 0.83 $ 0.91 Discontinued operations 0.01 6.17 — 6.80 Total $ 0.31 $ 5.98 $ 0.83 $ 7.71 Earnings (loss) per share attributable to Avient common shareholders - Diluted: Continuing operations $ 0.30 $ (0.19) $ 0.83 $ 0.90 Discontinued operations 0.01 6.17 — 6.73 Total $ 0.31 $ 5.98 $ 0.83 $ 7.63 Cash dividends declared per share of common stock $ 0.2575 $ 0.2475 $ 1.0000 $ 0.9600 Weighted-average shares used to compute earnings per common share: Basic 91.2 91.0 91.1 91.2 Diluted 91.9 91.0 91.8 92.2 8 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended December 31, Year Ended December 31, 2023 2022 2023 2022 Cost of sales: Restructuring costs, including accelerated depreciation $ (2.0) $ (21.3) $ (11.9) $ (31.1) Environmental remediation costs (17.2) (0.4) (69.7) (24.2) Reimbursement of previously incurred environmental costs 1.6 — 1.6 8.3 Acquisition related costs — (23.8) — (34.1) Impact on cost of sales (17.6) (45.5) (80.0) (81.1) Selling and administrative expense: Restructuring and employee separation costs (1.1) (4.3) (14.9) (5.3) Legal and other (6.1) (4.0) (15.2) (3.0) Acquisition related costs (1.3) (6.1) (5.9) (19.3) Impact on selling and administrative expense (8.5) (14.4) (36.0) (27.6) Impact on operating income (26.1) (59.9) (116.0) (108.7) Interest expense, net - financing costs (0.1) (16.0) (2.3) (26.0) Mark-to-market on derivatives — — — (30.9) Pension and post retirement mark-to-market adjustment and other 3.8 (28.4) 3.7 (28.4) Impact on other income (expense), net 3.8 (28.4) 3.7 (59.3) Impact on income from continuing operations before income taxes (22.4) (104.3) (114.6) (194.0) Income tax benefit on above special items 4.5 26.8 27.7 49.4 Tax adjustments(2) 12.5 39.2 7.6 28.4 Impact of special items on net income from continuing operations $ (5.4) $ (38.3) $ (79.3) $ (116.2) Diluted earnings per common share impact $ (0.06) $ (0.42) $ (0.86) $ (1.26) Weighted average shares used to compute adjusted earnings per share: Diluted 91.9 91.7 91.8 92.2 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the establishment, reversal or changes to valuation allowances. 9 Special items (1) Three Months Ended March 31, 2023 Cost of sales: Restructuring costs, including accelerated depreciation $ (6.6) Environmental remediation costs (1.4) Impact on cost of sales (8.0) Selling and administrative expense: Restructuring and employee separation costs (11.3) Legal and other (4.4) Acquisition related costs (3.4) Impact on selling and administrative expense (19.1) Impact on operating income (27.1) Other loss (0.2) Impact on income from continuing operations before income taxes (27.3) Income tax expense on above special items 6.9 Tax adjustments(2) (1.9) Impact of special items on net income from continuing operations $ (22.3) Diluted earnings per common share impact $ (0.24) Weighted average shares used to compute adjusted earnings per share: Diluted 91.8 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the establishment, reversal or changes to valuation allowances. 10 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (Unaudited) (In millions) Year Ended December 31, 2023 2022 ASSETS Current assets: Cash and cash equivalents $ 545.8 $ 641.1 Accounts receivable, net 399.9 440.6 Inventories, net 347.0 372.7 Other current assets 114.9 115.3 Total current assets 1,407.6 1,569.7 Property, net 1,028.9 1,049.2 Goodwill 1,719.3 1,671.9 Intangible assets, net 1,590.8 1,597.6 Operating lease assets, net 65.3 60.4 Other non-current assets 156.6 136.2 Total assets $ 5,968.5 $ 6,085.0 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 9.5 $ 2.2 Accounts payable 432.3 454.4 Current operating lease obligations 16.6 17.0 Accrued expenses and other current liabilities 315.2 395.8 Total current liabilities 773.6 869.4 Non-current liabilities: Long-term debt 2,070.5 2,176.7 Pension and other post-retirement benefits 67.2 67.2 Deferred income taxes 281.6 342.5 Non-current operating lease obligations 43.2 40.9 Other non-current liabilities 394.4 235.5 Total non-current liabilities 2,856.9 2,862.8 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,319.2 2,334.5 Noncontrolling interest 18.8 18.3 Total equity 2,338.0 2,352.8 Total liabilities and equity $ 5,968.5 $ 6,085.0 11 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Year Ended December 31, 2023 2022 Operating activities Net income $ 76.2 $ 703.4 Adjustments to reconcile net income to net cash provided by operating activities: Gain on sale of business, net of tax expense — (550.1) Depreciation and amortization 186.9 157.6 Accelerated depreciation 1.9 5.5 Amortization of inventory step-up — 34.4 Deferred income tax (benefit) expense (61.3) 0.5 Share-based compensation expense 13.2 13.2 Changes in assets and liabilities, net of the effect of acquisitions: Decrease in accounts receivable 38.6 32.6 Decrease in inventories 24.3 14.0 (Decrease) increase in accounts payable (22.2) 10.7 (Decrease) increase in pension and other post-retirement benefits (15.1) 7.1 Taxes paid on gain on sale of business (104.1) (2.8) Accrued expenses and other assets and liabilities, net 63.2 (27.7) Net cash provided by operating activities 201.6 398.4 Investing activities Capital expenditures (119.4) (105.5) Business acquisitions, net of cash acquired — (1,426.1) Settlement of foreign exchange derivatives — 93.3 Net proceeds from divestiture 7.3 928.2 Proceeds from plant closures 7.6 6.1 Other investing activities 10.3 — Net cash used by investing activities (94.2) (504.0) Financing activities Debt offering proceeds — 1,300.0 Purchase of common shares for treasury — (36.4) Cash dividends paid (90.2) (86.8) Repayment of long-term debt (105.8) (956.8) Payments on withholding tax on share awards (3.4) (4.3) Debt financing costs (2.3) (49.3) Net cash (used) provided by financing activities (201.7) 166.4 Effect of exchange rate changes on cash (1.0) (20.9) (Decrease) increase in cash and cash equivalents (95.3) 39.9 Cash and cash equivalents at beginning of year 641.1 601.2 Cash and cash equivalents at end of year $ 545.8 $ 641.1 12 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
Page 10 July 19, 2007 Mechanical Interlock + + + + + - - - - - - - - Chemical Compatibility (Interface formed due to favorable interfacial tension and melt viscosity) Specific Interaction (e.g..
B-TPE-65A B-TPV-55A B-TPE-35A B-TPE-50A B-TPV-55A B-TPV-70A Cycoloy C2950 (PC/ABS) 12.8 A 8.1 A 10.4 A 15.1 A Cycolac T1000 (ABS) 10.2 A 9.1 A 9.1 A 12.4 A Lexane 141 (PC) 11.7 A 10.2 8.1 A 15 A Zytel 7331F (PA6) 7.2 A 8.8 A Zytel 73G33L (33% GF PA6) 8.1 A 8.2 A Zytel 101L (PA66) 6.8 A 7.2 A 0 5 10 15 20 25 30 35 TPE-A TPE-B TPE-D TPE-E1 TPE-E2 ABS PC/ABS PC Figure 8: Adhesion values of TPEs with rigid substrates, ABS, PC and PC/ABS Consumer Product Differentiation Page 13 July 19, 2007 Today there is phenomenal interest in overmolding TPEs onto rigid substrates, particularly in the consumer product arena in applications requiring a soft touch.
Page 15 July 19, 2007 Figure 10.
https://www.avient.com/sites/default/files/2022-01/MagIQ Nonwoven Electret for HEPA Application Bulletin_Traditional Chinese.pdf
MagIQ Nonwoven Electret for HEPA Application Bulletin_繁体 適用於高效空氣過濾器的 MagIQTM 不織布駐極添加劑 過濾等級 過濾效率 EPA 10/E10 85% EPA 11/E11 95% HEPA H12 99.5% HEPA H13 99.97% HEPA H14 99.975% HEPA H15 99.9975% HEPA H16 99.99975% ULPA H17 99.9999% 應用公告 不織布駐極添加劑用於高過濾性能的新風系統空 氣過濾器中聚丙烯熔噴不織布的紡絲過程。
https://www.avient.com/sites/default/files/2021-12/MagIQ_Nonwoven_Electret_for_HEPA_Application_Bulletin_CN.pdf
MagIQ Nonwoven Electret for HEPA Application Bulletin_CN 适用于高效空气过滤器的MagIQTM 无纺驻极添加剂 过滤等级 过滤效率 EPA 10/E10 85% EPA 11/E11 95% HEPA H12 99.5% HEPA H13 99.97% HEPA H14 99.975% HEPA H15 99.9975% HEPA H16 99.99975% ULPA H17 99.9999% 应用公告 无纺驻极添加剂用于高过滤性能的新风系统空气 过滤器中聚丙烯熔喷无纺布的纺丝过程。
https://www.avient.com/sites/default/files/2021-01/w9-avient-corporation-july-2020.pdf
No. 10231X Form W-9 (Rev. 10-2018) AVIENT CORPORATION ✔ 5 D 33587 WALKER ROAD AVON LAKE, OH 44012 3 4 1 7 3 0 4 8 8 7/20/2020
https://www.avient.com/sites/default/files/2023-04/Avient_supplierFAQ.pdf
A pop-up window will appear to confirm if you are ready to send the invoice to Avient 10.
https://www.avient.com/sites/default/files/2021-01/eccoh-selection-guide-cn.pdf
特点 电线和电缆 高度阻燃 毒性和烟密度极低 不同级层间可交联 可与色母料、添加剂浓缩液、紫外稳定剂一同加工 高度阻燃 毒性和烟密度极低 适合进行挤压和注射成型 管和配件 材料(ECCOH) 5924C 5920 5511C 5806UV 5127UV 5549/1 8300-8001 8300-8003 8300-8008 1125C 1052C 5309 5995/1C 5555C 5286 3140-3 6151 5865C XLS8002 6649 中低压电缆 光缆 机车/船 光缆 电缆/光缆 电子线 电缆 电子线 电子线 电缆 机车缆护套 电缆/光缆 电缆 机车缆 电缆 电缆/光缆 电缆 电缆 电缆/光缆 应用 热老化等级 热塑性 √ √ √ √交联型 交联方式 密度48 熔融指数(150℃/21.6kg) 硬度shore D 拉伸强度MPa 断裂伸长率% 氧指数% 耐环境应力开裂ESCR 阻燃性能 低温性能 耐油性能 耐UV性能 耐泥浆性能 低摩擦性能 产地 有焰(1mm)ASTM E662 无焰(1mm) 70 235 C类 √ √ √ 中国 45 265 中国 68 275 √ √ √ 欧洲 210 √ C类 中国 1.49~1.51 4.0 54 12.5 200 36 1.47 3.5 55 14 210 34 1.53 0.8 56 14 150 40 1.51 1 47 9.5 170 38 1.46 3.8 54 15.5 180 32 √ 中国 1.6 2.9 49 11.7 170 45 CPR B √ √ 中国/欧洲 1.29 13.5 48 17.5 345 27 FT-2 中国 1.27 9.5 48 13 360 29 90 190 √ 中国 1.49 8 53 15.7 245 35 63 180 √ 中国 1.54 2.7 55 11.5 180 40 106 214 CPR C √ √ 中国 1.5 8 50 12.5 180 34 84 206 C类 √ 中国 1.5 1.6 46 14 250 39 √ √ √ 欧洲 1.48 3 46 11 215 36 √ √ 欧洲 1.6 2.8 48 10.3 165 41 √ √ √ 欧洲 1.58 4.2 48 12.4 160 46 CPR B √ 欧洲 1.46 6 53 17 160 33 39 143 √ 欧洲 1.51 4 53 11.5 170 43 50 150 √ √ √ 中国 1.54 2.3 56 11.5 155 35 D类 中国 1.5 5.8 12 250 27 FT-2 中国 1.35 10 49 15 320 28 FT-2 中国 辐照/硅烷 辐照 辐照 辐照 辐照 辐照 自交联/水浴辐照/硅烷 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 90℃ 90℃ 90℃ 105℃ 90℃ 105℃ 125℃ 105℃ 105℃ 105℃ 90℃ 90℃ 90℃105℃ 105℃ 105℃ 105℃ 105℃ 加工方式(挤出) 材料性能:热塑状态(非交联后) 烟密度(最大) 特殊性能 ECCOH™低烟、无卤解决方案