https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_USA.pdf
All
sales to customers should be based on price, terms and
the quality of the product and service to be provided.
We choose our suppliers based on objective criteria, such
as quality, service and price and the business benefits
to Avient and our customers.
http://Avient.com/sustainability
25
Product and Service Safety
It is essential that Avient provide safe products and
services that retain the confidence of our customers,
fulfill our responsibilities to the public and maintain a
competitive position in the marketplace.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements.
GUIDANCE
$800
$754
$128
$123
Sales Adjusted EBITDA
$0.56 $0.57
Adjusted EPS
9
• Demand impacted by destocking
and cautious customer sentiment
• Positive net price benefit:
o CAI - Pricing flat and raw
material deflation
o SEM - Pricing flat with
unfavorable mix related to
healthcare, more than offset
with raw material deflation
• Cost reductions driven by Clariant
synergies and reduced
administrative costs
Q3 EBITDA BRIDGE
($ millions)
CAI:
Price / Mix -)
Deflation 22)
SEM:
Price / Mix (6)
Deflation 13)
Net Price Benefit 29)
Cost Reductions 13)
Wage Inflation (8)
FX 1)
Q3 2023 Actual $ 123)
Adjusted
EBITDA
Q3 2022 Pro Forma $ 137)
Demand (49)
10
2023 G U I DAN CE
Q4 2023 GUIDANCE VS.
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
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:
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 Q3 2023 Earnings Presentation
Avient corporation�Third quarter 2023 results
DISCLAIMER
Slide Number 3
Avient protective materials �First Year
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IR Deck - AVNT-2023.09.30 Non GAAP Recs
Attachment
https://www.avient.com/products/long-fiber-technology/long-fiber-technologies/compl-t-long-fiber-reinforced-structural-thermoplastics
Product/Service Overview
Innovative Office Furniture Task Chair
Discover the comprehensive technical services available through Specialty Engineered Materials at Avient to assist customers
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Until that number is zero,
we have more work to do.
Customs and Border Protection, and a member of the
Canadian Border Services Agency Partners in Protection (PIP) program.
Community Service
Avient offers a global benefit of
Community Service hours.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Until that number is zero,
we have more work to do.
Customs and Border Protection, and a member of the
Canadian Border Services Agency Partners in Protection (PIP) program.
Community Service
Avient offers a global benefit of
Community Service hours.
https://www.avient.com/sites/default/files/2024-06/Foaming Prediction Service Product Bulletin_A4.pdf
This is where Avient’s Foaming
Prediction Service can help.
This service reduces the need for costly,
and timely, physical trials and testing.
The service is currently
available for standard injection molding processes.
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
October 2018)
Department of the Treasury
Internal Revenue Service
Request for Taxpayer
Identification Number and Certification
▶ Go to www.irs.gov/FormW9 for instructions and the latest information.
The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and
2.
Line 5
Enter your address (number, street, and apartment or suite number).
https://www.avient.com/sites/default/files/resources/Terms_and_Conditions_regarding_Resale_of_PolyOne_Products.pdf
POLYONE SHALL HAVE NO LIABILITY WITH RESPECT TO ANY PRODUCT WHOSE
CONTAINER OR OTHER PACKAGING HAS BEEN OPENED OR OTHERWISE
COMPROMISED IN ANY WAY AND/OR FOR ANY PURPOSE PRIOR TO ITS USE BY THE
END CUSTOMER; INCLUDING, BUT NOT LIMITED TO, REPACKAGING OR BLENDING OF
THE PRODUCT BY BUYER.
5.
Buyer shall only use PolyOne’s trademarks, trade names, logos, service marks, trade dress or brand
names (“Trademarks”) in connection with the solicitation and sales of Products and in such manner as
is specified in advance in writing by PolyOne.
Buyer will not remove or alter any Trademarks, numbers or other means of identification
on Products or the Product packaging.
7.
https://www.avient.com/sites/default/files/2021-04/bergamid-seat-fastener-case-study.pdf
Finally, OEM customers want lighter-
weight components to help improve vehicle fuel efficiency.”
Avient’s team provided a variety of value-
added technical services, including assistance with tool
development, process optimization and testing.
Design flexibility = fast customization: Plastic offers
much greater design freedom than metal, enabling the
company to quickly develop and produce variations of
the seat securement part for different customers
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color_0.pdf
Avient is able to service customers globally with a full range of solid masterbatch and liquid
colorant solutions to meet your product requirements.
Our industry leading team of Technical
Service Engineers are highly experienced
process specialists dedicated to providing
local on-site support for Avient customers
around the globe.
Avient delivers globally consistent formulations to its customers around the world.