https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Please complete, sign, date and
return your proxy or voting instruction form, or submit your vote and
proxy by telephone or over the Internet.
On July 19, 2017, we completed the sale of our DSS business to
Arsenal Capital Partners.
In the event of a
change of control, cash-settled performance units for which all performance periods are completed as of December
31, 2017 are valued at actual attainment, and cash-settled performance units for which all performance periods are
not completed as of December 31, 2017 are valued at target attainment.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
Please complete, sign, date and
return your proxy or voting instruction forff m, or submit your vote and
proxy by telephone or over the Internet.
Upon completing this assessment, the Compensation Committee also determined that no “confliff cts of
interest have been raised by the work perforff med by the Consultant.”
In the event of a
change of control, cash-settled performance units for which all perforff mance periods are completed as of December
31, 2016 are valued at actual attainment, and cash-settled performance units for which all perforff mance periods are
not completed as of December 31, 2016 are valued at target attainment.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Please submit your vote and proxy
by internet or telephone, or complete, sign, date and return your
proxy card or voting instruction card.
Upon completing this assessment, the Compensation Committee also determined
that no “conflicts of interest have been raised by the work performed by the Consultant.”
In the event of a change of control, cash-settled performance units for which all performance
periods are completed as of December 29, 2023 are valued at actual attainment, and cash-settled
performance units for which all performance periods are not completed as of December 29, 2023 are
valued at target attainment.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
The coefficient of friction (COF) characterizes the degree of force required to move one
surface across another — either from a complete stop (static friction) or when the surface is already
moving (kinetic friction).
Recut tool to obtain complete shutoff with minimum 0.002"
(0.05 mm) interference into substrate
Recut tool to obtain complete shutoff with minimum 0.002"
(0.05 mm) interference into substrate
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Canada.pdf
Nous sommes tous tenus de préparer et de tenir à jour
des renseignements exacts et des dossiers complets.
Vous
devez vous assurer que tout rapport ou dossier que vous
préparez est exact et complet et ne contient aucune entrée
fausse ou trompeuse.
De plus,
ces paiements doivent être inscrits de manière exacte
et complète dans les registres comptables à titre de
dépenses d’entreprise.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Please submit your vote and proxy
by internet or telephone, or complete, sign, date and return your
proxy card or voting instruction card.
Upon completing this assessment, the Compensation Committee also determined
that no “conflicts of interest have been raised by the work performed by the Consultant.”
In the event of a change of control, cash-settled performance units for which all performance
periods are completed as of December 29, 2023 are valued at actual attainment, and cash-settled
performance units for which all performance periods are not completed as of December 29, 2023 are
valued at target attainment.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
The scenario
analysis will be complete and reported
on in next year’s CDP disclosure.
Also in 2021, Avient
completed 207 energy saving activities that cumulatively
reduce yearly emissions by 5,500 MT CO2e, hence
reducing the company exposure to commodity fluctuations
and regulatory changes.
SC1.2
(SC1.2) Where published information has been used in completing SC1.1, please
provide a reference(s).
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
Dans le cas où l'Acheteur aura failli à une quelconque
obligation de payer pendant plus de quinze (15) jours,
le Vendeur pourra : (i) retarder l'expédition de tout
produit commandé par l'Acheteur jusqu'à complet
paiement ; et (ii) demander à l'Acheteur le paiement
immédiat de tout produit supplémentaire commandé
par l'Acheteur avant tout envoi.
6.
Buyer will accept, as full
and complete performance by Seller, deliveries in
accordance with such determinations as Seller may
make.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Unless otherwise stated, Adjusted Operating Income, Adjusted EBITDA and Adjusted EPS figures included in this presentation exclude the impact of special items as defined in our quarterly earnings releases.
2 0 2 1 P E R F O R M A N C E
$80
$85
2020 2021
$0.52
$0.58
2020 2021
Q4 2021 PERFORMANCE
( T O TA L C O M PA N Y )
4
Sales Adjusted Operating Income
$997
$1,202
2020 2021
+ 21%
Adjusted EPS
+ 6% + 12%
(in millions) (in millions)
$308
$429
2020PF 2021
$1.93
$3.05
2020PF 2021
FULL YEAR 2021 PERFORMANCE
( T O TA L C O M PA N Y )
5
Sales Adjusted Operating Income
$3,783
$4,819
2020PF 2021
+ 27%
Adjusted EPS
+ 39% + 58%
(in millions) (in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
(1) (1) (1)
FULL YEAR 2021 SEGMENT PERFORMANCE
6
CAI
$2,043
$2,402
Sales
($ in millions)
SEM Distribution
$226
$303
Operating Income
+ 18% + 34%
$1,110
$1,631
Sales
$70
$93
Operating Income
+ 47% + 33%
(1)
$709
$919
Sales
$94
$132
Operating Income
+ 30% + 40%
(1) Financial information is pro forma to include a full year of Clariant Color business
(1)
Full Year 2020 (Pro forma) $3,783 $308
Sustainable Solutions 147 19% 60
Healthcare 143 28% 30
Composites 58 43% 29
Growth in Asia / LATAM 107 21% 26
Other 543 30% 58
Sub-total $4,781 26% $511
Wage Inflation and Overtime (39)
Other Supply Chain Costs (15)
COVID Response Applications (22) (12)
Synergies 44
FX, Incentives, Other Employee Costs 60 (60)
Full Year 2021 $4,819 27% $429
FULL YEAR 2021 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
7
Sales Growth Rate
Adjusted
Operating
Income$ millions
(1) Financial information is pro forma to include a full year of Clariant Color business
(1)
Adjusted
EBITDA
8
Full Year 2020 (Pro forma) $ 457
Demand 135
$ millions
CAI:
Price / Mix 158
Inflation (120)
SEM:
Price / Mix 84
Inflation (65)
Distribution:
Price / Mix 318
Inflation (304)
Net Price Benefit 71
Wage Inflation and Overtime (39)
Other Supply Chain Costs (15)
COVID Response Applications (12)
Synergies 44
Incentives, FX, Other Employee Costs (60)
Full Year 2021 $ 581
(1) Financial information is pro forma to include a full year of Clariant Color business
(1)
• Demand impact driven by growth
in key focus areas: sustainable
solutions, healthcare, composites
and growth in Asia / LATAM
• Price increases more than offset
raw material and supply chain
impacts
FULL YEAR 2021 EBITDA BRIDGE
SPECIALTY EBITDA MARGIN EXPANSION
9
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Color business
15.3% 15.2%
16.2%
17.0%
2018 2019 2020 2021
14.8%
15.2%
17.6% 17.8%
2018 2019 2020 2021
(1)
SEM
• Record margins in 2021 despite
unprecedented supply chain challenges
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Color synergy realization
• Investments in composites and outdoor
high performance applications drove
growth and mix improvements
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
27 1.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Operating Income
$3,783
$4,300
2020PF 2021E
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,650
2020PF 2021E
$308
$410
2020PF 2021E
$308
$430
2020PF 2021E
$1.93
$2.80
2020PF 2021E
$1.93
$3.00
2020PF 2021E
(1) (1)(1)
(1)(1) (1)
(in millions) (in millions)
$442
$457
$580
2019PF 2020PF 2021E
$1.74
$1.93
$3.00
2019PF 2020PF 2021E
FULL YEAR 2019 – 2021 ORGANIC GROWTH
( T O TA L C O M PA N Y )
16
Sales Adjusted EBITDA
$3,981
$3,783
$4,650
2019PF 2020PF 2021E
+ 17%
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1) (1)
(in millions) (in millions)
(1)(1)
+ 31% + 72%
(1) (1)
($ in millions)
2021E Adjusted EBITDA 580$
Free Cash Flow 280$
Total Debt 1,860
Less: Cash (755)
Net Debt 1,105$
2021E Net Debt / Adjusted EBITDA 1.9x
17
BA L A N C E S H E E T
• Acquisition of Magna Colours completed on
July 1 – expands sustainable solutions
portfolio through water-based inks technology
• Deleveraging to 1.9x net debt to adjusted
EBITDA by the end of 2021
• Driven by record adjusted EBITDA
performance and strong free cash flow
generation from asset light business
• Future cash deployment: M&A, opportunistic
share repurchases and balance sheet /
continued leverage reduction
3.5x
2.7x
1.9x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
18
• Revenue from sustainable solutions expected to
grow 14% in 2021 as our innovation efforts and
collaboration with customers continues to accelerate
• Investments centered around innovation and global
sustainability megatrends
o Enabling a circular economy – Technologies that
allow for increased use of post-consumer recycled
(PCR) material and improve recyclability of plastics
o Light-weighting – Composites and CAI applications
to reduce weight and material requirements, which
minimize energy and carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative materials
to replace lead, PVC, halogens, BPA and other less
eco-friendly options
18
2016 2017 2018 2019 2020PF**
Bio-polymers Reduced Energy Use Human Health & Safety
Sustainable Infrastructure VOC Reduction Recycle Solutions
Eco-Conscious Lightweighting
Revenue From Sustainable Solutions* 2016-2020
$405M
$455M
*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 Masterbatch business
$340M
$550M
$790M
18
19
Key Updates
• Includes Clariant Masterbatch performance
• Increases disclosures and ESG data
• Provides performance updates on 2030 Sustainability Goals
• Commits to operational carbon neutrality in 2050 and 100%
renewable energy by 2050 (RE 100)
• Announces Avient’s participation in U.N.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
24 1.