https://www.avient.com/news/dyneema-changes-game-fabric-engineering-yet-again-new-composite-technology
With the help of Hyperlite’s extensive network of elite athletes and mountaineers, they tested prototype backpacks during months-long expeditions on some of the most extreme hiking trails from the Alaskan wilderness to the summit of the Rockies and beyond.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
8
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2022 2021 2022 2021
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Operating Income 0.4 50.2 243.3 279.7
Net (loss) income from continuing operations attributable to Avient
shareholders (17.0) 11.2 82.8 151.8
Diluted (loss) earnings per share from continuing operations attributable
to Avient shareholders $ (0.19) $ 0.12 $ 0.90 $ 1.65
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and
diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items,
to assess performance and facilitate comparability of results.
Three Months Ended
December 31,
Year Ended
December 31,
Reconciliation to Consolidated Statements of Income 2022 2021 2022 2021
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Gross margin - GAAP 172.0 216.6 882.7 943.8
Special items in gross margin (Attachment 3) 45.5 5.9 81.1 33.6
Adjusted Gross margin $ 217.5 $ 222.5 $ 963.8 $ 977.4
Adjusted Gross margin as a percent of sales 27.5 % 27.6 % 28.4 % 29.5 %
Operating income - GAAP 0.4 50.2 243.3 279.7
Special items in operating income (Attachment 3) 59.9 11.2 108.7 47.8
Adjusted Operating income $ 60.3 $ 61.4 $ 352.0 $ 327.5
Adjusted Operating income as a percent of sales 7.6 % 7.6 % 10.4 % 9.9 %
The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US
GAAP figures.
Reconciliation of Pro Forma Net Debt
December 31,
2022
Short-term and current portion of long term debt $ 2.2
Total long-term debt, net 2,176.7
Unamortized discount and debt issuance cost 37.4
Total debt $ 2,216.3
Cash (641.1)
Net taxes due from sale of business 105.0
Adjusted cash $ (536.1)
Net debt $ 1,680.2
16
Free Cash Flow Calculation
December 31,
2022
Cash provided by operating activities 398.4
Capital expenditures (105.5)
Free cash flow $ 292.9
Reconciliation to EBITDA and Adjusted EBITDA
Year Ended
December 31, 2022
Net (loss) income from continuing operations – GAAP $ 83.1
Income tax (benefit) expense (19.3)
Interest expense 119.8
Depreciation and amortization from continuing operations 162.5
EBITDA $ 346.1
Special items, before income tax 194.0
Interest expense included in special items (26.0)
Depreciation and amortization included in special items (5.5)
APM pro forma adjustments - 8 months 2022* 83.1
Adjusted EBITDA $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
29
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.0
15.6
13.9 13.7
12.8
9.5
18.0 17.5
12.3
10.2 9.7
8.8 8.4
5.9
(2
01
1)
(2
01
8)
SEGMENT DATA
U.S. & Canada
40%
37%
18%
Latin America
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
31
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
US & Canada
34%
38%
Latin America
END MARKET REGION
32
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
52%
35%
REGION
33
19%
8%Industrial
16%
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
34
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2022 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ (0.19) $ 11.2 $ 0.12
Special items, after tax (Attachment 3) 38.3 0.42 23.9 0.26
Amortization expense, after-tax 14.6 0.16 11.3 0.12
Adjusted net income / EPS $ 35.9 $ 0.39 $ 46.4 $ 0.50
2022 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 82.8 $ 0.90 $ 151.8 $ 1.65
Special items, after tax (Attachment 3) 116.2 1.26 50.0 0.54
Amortization expense, after-tax 49.0 0.53 44.9 0.49
Adjusted net income / EPS $ 248.0 $ 2.69 $ 246.7 $ 2.68
(1) Per share amounts may not recalculate from figures presented herein due to rounding
1
Reconciliation to EBITDA and Adjusted EBITDA 2022 2021 2022 2021
Net (loss) income from continuing operations – GAAP $ (16.6) $ 10.3 $ 83.1 $ 151.6
Income tax (benefit) expense (60.8) 17.1 (19.3) 51.9
Interest expense 49.4 17.5 119.8 75.2
Depreciation and amortization from continuing operations 48.6 38.0 162.5 145.1
EBITDA $ 20.6 $ 82.9 $ 346.1 $ 423.8
Special items, before income tax 104.3 20.5 194.0 57.1
Interest expense included in special items (16.0) — (26.0) —
Depreciation and amortization included in special items (1.5) (1.6) (5.5) (1.7)
APM pro forma adjustments - 2021 — 30.4 — 120.5
APM pro forma adjustments - 8 months 2022* — — 83.1 —
Adjusted EBITDA $ 107.4 $ 132.2 $ 591.7 $ 599.7
Reconciliation of Pro Forma Net Debt December 31, 2022
Short-term and current portion of long term debt $ 2.2
Total long-term debt, net 2,176.7
Unamortized discount and debt issuance cost 37.4
Total debt $ 2,216.3
Cash (641.1)
Net taxes due from sale of business 105.0
Adjusted cash $ (536.1)
Net debt $ 1,680.2
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 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA $ 283.4 $ 351.5
Special items, before income 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
EBITDA as a % of sales 5.4 % 11.5 %
2
Reconciliation of Adjusted EPS 2006 2018
Net income from continuing operations attributable to Avient common shareholders $ 130.9 $ 161.1
Joint venture equity earnings, after tax (68.5) —
Special items, after tax (21.2) 44.6
Special items, tax adjustments (30.0) (10.4)
Amortization expense, after tax 1.4 19.5
Adjusted net income from continuing operations attributable to Avient common
shareholders $ 12.6 $ 214.8
Diluted shares 92.8 80.4
Adjusted EPS attributable to Avient common shareholders $ 0.14 $ 2.67
Three Months
Ended Year Ended Year Ended
Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022 December 31, 2021
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ 82.8 $ 151.8
Special items, after tax 38.3 116.2 50.0
Amortization expense, after-tax 14.6 49.0 44.9
Adjusted net income from continuing operations excluding special
items 35.9 248.0 246.7
Pro forma adjustments* 2.5 13.6 9.9
APM pro forma amortization expense, after tax* — 19.1 21.2
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4 $ 280.7 $ 277.8
Weighted average diluted shares 91.7 92.2 92.1
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42 $ 3.04 $ 3.02
* 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.
Free Cash Flow Calculation
2014 2015 2016 2017 2018 2019 2020 2021 2022
Cash provided by operating activities 208.4 227.2 221.3 202.4 253.7 300.8 221.6 233.8 398.4
Capital expenditures (92.8) (91.2) (84.2) (79.6) (76.0) (81.7) (63.7) (100.6) (105.5)
Payment of post-acquisition date
earnout liability — — — — — — 38.1 — —
Taxes paid on gain on divestiture — — — — — — — 142.0 — —
Adjusted Free Cash Flow $ 115.6 $ 136.0 $ — $ 137.1 $ 122.8 $ 177.7 $ 219.1 $ 338.0 $ 133.2 $ 292.9
Three Months Ended
Year Ended
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 490.8 $ 581.3 $ 2,355.0 $ 2,401.6
Specialty Engineered Materials 300.8 226.3 1,044.4 911.6
Corporate (1.2) (0.5) (2.5) 2.3
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Operating income:
Color, Additives and Inks $ 44.3 $ 61.2 $ 301.0 $ 303.1
Specialty Engineered Materials 35.2 27.1 140.1 125.5
Corporate (79.1) (38.1) (197.8) (148.9)
Operating income $ 0.4 $ 50.2 $ 243.3 $ 279.7
Other expense, net: $ (28.4) $ (5.3) $ (59.7) $ (1.0)
Depreciation & amortization:
Color, Additives and Inks $ 25.2 $ 26.5 $ 101.3 $ 105.7
Specialty Engineered Materials 20.3 7.9 48.7 31.7
Corporate 3.2 3.6 12.5 7.7
Depreciation & Amortization $ 48.7 $ 38.0 $ 162.5 $ 145.1
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 69.5 $ 87.7 $ 402.3 $ 408.8
Specialty Engineered Materials 55.5 35.0 188.8 157.2
Corporate (76.0) (34.5) (185.3) (141.2)
Other expense, net $ (28.4) $ (5.3) $ (59.7) $ (1.0)
EBITDA $ 20.6 $ 82.9 $ 346.1 $ 423.8
Special items in EBITDA 86.8 18.9 162.5 55.4
EBITDA - excluding special items $ 107.4 $ 101.8 $ 508.6 $ 479.2
APM pro forma adjustments - 2021 — 30.4 — 120.5
APM pro forma adjustments - 8 months 2022* — — 83.1 —
Pro forma EBITDA $ 107.4 $ 132.2 $ 591.7 $ 599.7
Year Ended
December 31,
Reconciliation of Pro Forma Sales and EBITDA - SEM 2022 2021
Specialty Engineered Materials $ 1,044.4 $ 911.6
APM pro forma adjustments - 2021 — 396.5
APM pro forma adjustments - 8 months 2022* 256.1 —
Pro forma sales $ 1,300.5 $ 1,308.1
Specialty Engineered Materials $ 188.8 $ 157.2
APM pro forma adjustments - 2021 — 120.5
APM pro forma adjustments - 8 months 2022* 83.1 —
Pro forma EBITDA $ 272.0 $ 277.8
Year Ended
December 31,
Reconciliation of Pro Forma Sales - Avient 2022 2021
Sales $ 3,396.9 $ 3,315.5
APM pro forma adjustments - 2021 — 396.5
APM pro forma adjustments - 8 months 2022* 256.1 —
Pro forma sales $ 3,653.0 $ 3,712.0
5
AVNT Q4 2022 Earnings Presentation 2.17.pdf
AVNT Q4 2022 Earnings Presentation.pdf
IR Recs - 2.14 454pm
https://www.avient.com/sites/default/files/2021-04/existencia-y-represnentacion-avient-colombia-sas.pdf
Sin núm del 30 de septiembre de 2019,
Página 7 de 11
Cámara de Comercio de Bogotá
Sede Virtual
CERTIFICADO DE EXISTENCIA Y REPRESENTACIÓN LEGAL
Fecha Expedición: 12 de abril de 2021 Hora: 13:04:47
Recibo No.
No. 000000052152473
Suplente Caicedo
REFORMAS DE ESTATUTOS
Los estatutos de la sociedad han sido reformados así:
DOCUMENTO INSCRIPCIÓN
Acta No. 1 del 12 de enero de 2016 02058190 del 2 de febrero de
de la Accionista Único 2016 del Libro IX
Acta No. 3 del 22 de febrero de 02066310 del 26 de febrero de
2016 de la Accionista Único 2016 del Libro IX
Acta No. 5 del 28 de septiembre de 02145931 del 3 de octubre de
2016 de la Accionista Único 2016 del Libro IX
Acta No. 17 del 9 de abril de 2021 02683838 del 12 de abril de
de la Accionista Único 2021 del Libro IX
SITUACIÓN DE CONTROL Y/O GRUPO EMPRESARIAL
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CERTIFICADO DE EXISTENCIA Y REPRESENTACIÓN LEGAL
Fecha Expedición: 12 de abril de 2021 Hora: 13:04:47
Recibo No.
Fecha de envío de información a Planeación Distrital : 19 de enero de
2017.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for France %28French Translation%29.pdf
Les Produits sont fournis au prix en vigueur au moment de la passation de la commande tel
qu'identifié dans la confirmation de commande du Vendeur, exprimé en euros et tenant compte de la
TVA applicable au jour de la passation de la commande ; tout changement de taux pourra être
répercuté sur le prix des Produits.
L’Acheteur sera redevable envers le Vendeur
de tous autres taxes ou couts de nature fiscale supportés par le Vendeur au titre de la fabrication et de
l’acheminement des Produits sauf à ce que ces couts soient inclus dans le prix de vente des Produits
au jour de la conclusion de la commande.
13.
Transfert de propriété et de risque.
https://www.avient.com/sites/default/files/2024-11/Terms and Conditions of Sale for Canada %28French Translation%29.pdf
En outre, à n’importe quel moment avant la livraison,
le vendeur peut répercuter toute augmentation des frais de fret,
de transport ou de carburant et/ou des droits, des tarifs ou des
taxes qui lui sont imposés dans le cadre de la vente ou de la
livraison des produits après avoir accepté la commande.
En aucun cas, le vendeur ne saurait être tenu d’acheter des
produits de substitution sur le marché afin de s’acquitter de ses
obligations aux termes des présentes.
Le défaut de l’acheteur de
payer les produits ne constitue pas un cas de force majeure aux
termes des présentes.
13.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - French.pdf
Si vous décidez de
nous transmettre ce type de données au cours de la procédure de candidature, nous nous réservons le
droit de supprimer ces informations de nos bases de données si elles ne sont pas demandées.
2.
Avient ne s'engage pas dans des pratiques de prise de décision automatisée ou de profilage.
Les
coordonnées des autorités de protection des données sont disponibles ici.
https://www.avient.com/sites/default/files/2021-01/avient-colorants-belgium-registered-publication.pdf
L'assemblée décide de modifier la dénomination de la Société en " Avient Colorants Belgium " avec
effet au 1er décembre 2020, et déclare avoir connaissance du contenu de l'article 2:3 du Code des
L'assemblée décide de modifier l'article 1 des statuts et de le remplacer, tel que repris ci-dessous
dans le nouveau texte des statuts adopté par la présente assemblée.
L'assemblée décide d'adopter un nouveau texte des statuts afin de modifier le pouvoir de
représentation externe de la Société et afin de mettre les statuts en concordance avec les décisions
prises et avec le Code des sociétés et des associations.
DROIT DE VOTE.
https://www.avient.com/sites/default/files/2021-09/supplier-code-of-conduct-es.pdf
En apoyo de lo
anterior, esperamos que nuestros Proveedores:
• suministren a Avient solo metales 3TG
obtenidos fuera de zonas de conflicto;
• participen en el proceso de diligencia debida
de las cadenas de suministro siguiendo
un marco de diligencia debida reconocido
nacional o internacionalmente;
• cuando se les pida, informen a Avient sobre
su proceso de diligencia debida y certifiquen
que los metales 3TG suministrados a Avient
procedentes de los Países cubiertos se
obtuvieron fuera de zonas de conflictos; e
• informen inmediatamente a Avient de
cualquier cambio en la cadena de suministro
relacionado con el origen de los metales 3TG o
el estado de conflicto
Cumpla con la Ley de Prácticas Corruptas en el
Extranjero de EE.
Establezca un sistema de seguridad de la
información y de privacidad de datos para
proteger la información de Avient, incluida
la información de sus clientes y socios, de su
divulgación, cambio, destrucción o uso para
cualquier fin distinto de la finalidad para la que
se proporcionó.
https://www.avient.com/sites/default/files/2025-06/Avient_ Privacy Statement_ LGPD_Portugese 2112025.pdf
Declaração de Privacidade
Data de vigência: 1º de março de 2025.
Gerenciamento de contas de clientes, incluindo gestão de pedidos,
crédito, obrigações contratuais, controle de acesso
Verificamos a aceitação
de sinais de preferência de opt-out e controles globais de privacidade em
nossos banners de cookies e em seu centro de preferências.