https://www.avient.com/idea/what-s-difference-fillers-reinforcements
2http://www.aerosil.com/product/aerosil/en/industries/plastics-thermoplastics/pages/default.aspx
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_DE2.pdf
VERHALTENSKODEX | 5
INHALTSANGABE
EINLEITUNG
UNSER
VERHALTENSKODEX
RESPEKT FÜR ALLE
EHRLICHKEIT BEI
DER ARBEIT
INTEGRITÄT IN
UNSEREM GESCHÄFT
SOZIALE
VERANTWORTUNG
DES UNTERNEHMENS
RESSOURCEN
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Keine Vergeltungmaßnahmen
Avient duldet keinerlei Vergeltungsmaßnahmen gegen Personen, die in
guter Absicht Rat suchen, Bedenken vortragen, Fehlverhalten melden
oder Auskünfte in Bezug auf Untersuchungen erteilen, die aufgrund des
Verdachts eines Verstoßes gegen den Verhaltenskodex vorgenommen
werden.
VERHALTENSKODEX | 6
INHALTSANGABE
EINLEITUNG
UNSER
VERHALTENSKODEX
RESPEKT FÜR ALLE
EHRLICHKEIT BEI
DER ARBEIT
INTEGRITÄT IN
UNSEREM GESCHÄFT
SOZIALE
VERANTWORTUNG
DES UNTERNEHMENS
RESSOURCEN
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Respekt für alle
Wir haben gemeinsam eine Verantwortung für die Schaffung
und Aufrechterhaltung einer angenehmen, nicht bedrohlichen
und produktiven Arbeitsumgebung – ein Arbeitsplatz, an dem
alle Menschen fair und respektvoll behandelt werden.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
De gemaakte PDF-documenten kunnen worden geopend met Acrobat en Adobe Reader 5.0 en hoger.)
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1)
(1)
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
($ in millions)
11.9%
16.2%
2019PF 2021
EBITDA Margins
(1)
S P E C I A LT Y T R A N S F O R M AT I O N
7%
46%
66%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
us
te
d
E
B
IT
D
A
(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
29
12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
A
vi
en
t T
od
ay
A
vi
en
t P
F
A
V
Y
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P
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W
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FU
L
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M C
E
A
LB
FM
C
A
S
H
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C
L
E
M
N
H
X
L
H
U
N
S
C
L
B
N
R
U
N
V
R
Median: 21%Median: 15%
2 0 2 2 E B I T DA M A RG I N S V S .
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Morgan%2520Stanley%2520Global%2520Chemicals%2520and%2520Agriculture%2520Conference%2520-%252011%253A15%253A2016.pdf
De gemaakte PDF-documenten kunnen worden geopend met Acrobat en Adobe Reader 5.0 en hoger.)
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.47
2022 PF 2023
Adjusted EPS
(in millions)
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
Q4 FY
$0.47
$2.30
Q4 FY
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Q4 FY
Sales Adjusted EBITDA Adjusted EPS
17
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
18
S U S T A I N A B I L I T Y D AY
R E C A P
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
20
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of December 29, 2023
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7
3.1 3.3
3.7
3.0
3.7
4.7 4.8
6.8 6.8
8.7
11.1
A
vi
en
t
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FU
L
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P
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C
H
U
N
C
E
E
C
L
H
X
L
A
S
H
E
M
N
S
C
L
FREE CASH FLOW CONVERSION
Source: Peer data per Bloomberg as of December 29, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M.
2023E (%)
27
78
89
83 80 78
74
86
79 76
67 66
55
50
(39)
A
vi
en
t
K
W
R
FU
L
P
P
G
A
V
Y
R
P
M
FM
C
C
E
E
C
L
A
S
H
H
X
L
H
U
N
E
M
N
S
C
L
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
MULTIPLE EXPANSION
Source: Peer data per Bloomberg as of December 29, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $41.57.
https://www.avient.com/sites/default/files/2024-12/67599-Certificate-06DEC2024.pdf
Administration, Site management, Manufacture, Laboratory, Procurement,
Maintenance, Infrastructure, Warehouse and Transport
1995 route de la Vallée du Giffre
Saint-Jeoire en Faucigny 74490
France
Avient Colorants
Germany GmbH
Administration, Site management, Manufacture, Laboratory, Procurement,
Maintenance, Infrastructure, Warehouse and Transport
Kornkamp 50 Ahrensburg Thuringia
22926 Germany
Avient Colorants
Germany GmbH
Administration, Site management, Manufacture, Laboratory, Maintenance,
Infrastructure, Warehouse and Transport
Hohenrhein 1 Lahnstein Thuringia
56112 Germany
Avient Guatemala S.A.
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 47
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/edgetek
https://www.fiber-line.com/en/products/water-blocking-yarn
https://www.fiber-line.com/en/products/water-blocking-yarn
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
Outdoor High Performance
Outdoor enthusiasts demand gear and equipment that delivers uncompromising
performance, in places where failure is not an option.
M
in
im
izi
ng
En
vironm
ental, Health, Safety, Security &
S
o
cia
l Im
p
a
cts
PRODUCT
STEWARDSHIP
INNOVATE
MANUFACTURE
SELL
USE
REUSE
Manufacturing
Product Use
Raw
Materials
Recycling
PRODUCT
LIFE
CYCLE
In many instances, we have gone
beyond basic legal requirements, such
as Responsible Care® certification and
implementation of the Product Safety
Code.
None of our ColorMatrix suppliers has been found to engage in
human trafficking during this reporting period.
330 SUPPLIER SELF-ASSESSMENTS COMPLETED
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 61
https://www.avient.com/sites/default/files/2020-10/supplier-code-of-conduct.pdf
https://www.ilo.org/global/standards/lang--en/index.htm
https://www.ilo.org/global/standards/lang--en/index.htm
https://www.avient.com/company/policies-and-governance/europe-modern-slavery-and-human-trafficking-statement
https://www.avient.com/company/policies-and-governance/europe-modern-slavery-and-human-trafficking-statement
Strategic Partnerships and Alliances
Alliance to End Plastic Waste
We are proud to be a founding member of the Alliance to End Plastic Waste (AEPW).
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_ITA2.pdf
CODICE DI CONDOTTA | 5
INDICE
INTRODUZIONE
IL NOSTRO CODICE
DI CONDOTTA
RISPETTO PER TUTTI
ONESTÀ SUL LAVORO
INTEGRITÀ NELLA
NOSTRA ATTIVITÀ
RESPONSABILITÀ
SOCIALE DELL’AZIENDA
RISORSE
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Non ritorsione
Avient non tollererà ritorsioni nei confronti di chi, in buona fede, chiede
consiglio, solleva un dubbio, segnala cattive condotte o fornisce
informazioni durante un’indagine su una sospetta violazione del codice
di condotta.
CODICE DI CONDOTTA | 24
INDICE
INTRODUZIONE
IL NOSTRO CODICE
DI CONDOTTA
RISPETTO PER TUTTI
ONESTÀ SUL LAVORO
INTEGRITÀ NELLA
NOSTRA ATTIVITÀ
RESPONSABILITÀ
SOCIALE DELL’AZIENDA
RISORSE
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Autonegoziazioni
Le opportunità commerciali che scoprite sul lavoro, utilizzando le
informazioni aziendali, la proprietà o la posizione di un individuo
nell’azienda, appartengono all’azienda e non a voi personalmente.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_HUN2.pdf
MAGATARTÁSI KÓDEXÜNK | 4
TARTALOMJEGYZÉK
BEVEZETÉS
MAGATARTÁSI
KÓDEXÜNK
A TISZTELET
MINDENKINEK JÁR
BECSÜLETESSÉG A
MUNKAHELYEN
ÜZLETI
FEDDHETETLENSÉG
TÁRSADALMI
FELELŐSSÉGVÁLLALÁS
ERŐFORRÁSOK
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felmerülő problémák kezelésére és a helyes döntések meghozatalára.
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