https://www.avient.com/sites/default/files/2022-03/Asia SEM Healthcare Product Selection Guide %281%29.pdf
PP OVERMOLDING HARDNESS REGULATORY STERILIZATION CHARACTERISTICS
Dynaflex™ G2706 28A
USP Class VI, ISO 10993,
Food contact
EtO
Soft translucent grade,
grippy feel
Dynaflex™ G2711 43A
USP Class VI, ISO 10993,
Food contact
EtO
Highly colorable solution,
grippy feel, low compression set
Versaflex™
CL2242 & CL2250
42A/ 50A
USP Class VI, ISO 10993,
US Food contact
EtO
Clear boilable grades;
ABS, PC bondable
Versaflex™ G2705 N 60A
USP Class VI, ISO 10993,
Food contact
EtO/Steam
High resilience,
low compression set
Versaflex™ HC3810 20A-90A USP Class VI, ISO 10993 EtO General purpose, unfilled
ABS, PC OVERMOLDING HARDNESS REGULATORY STERILIZATION CHARACTERISTICS
Versaflex™ OM1040 40A USP Class VI, ISO 10993 EtO Translucent
Versaflex™ OM3060 60A USP Class VI, ISO 10993 EtO Clear
VERSAFLEX™ CL AND DYNAFLEX™ TPEs
OVERMOLDING FOR
ERGONOMICS
• Adds good tactile surface with soft-touch feel
• Available in a variety of color effects and
textures
• Improves grip, cushion, and comfort
• Enhances functional performance like sealing
properties, vibration damping, oxygen
barrier, and scratch and abrasion resistance
• Reduces assembly costs, good processability
• Offers excellent adhesion to a wide range of
substrates
Applications:
• Glucometers
• Medical tools overmolds
• Injector pens
• Analysis devices
VERSALLOY™ HC & VERSAFLEX™ HC TPEs
SEALING & RESEALING
• Rubbery feel and soft touch
• No coring, good puncture, and
resealability in static stoppers
• Meets low coefficient of friction
requirements in dynamic seals
• Low extractables
• Suitable to overmold onto polyolefins
Applications:
• Sealing and resealing septum
• Seals and sanitary gaskets
• Syringe plungers and tips
MATERIAL DESCRIPTION HARDNESS REGULATORY STERILIZATION CHARACTERISTICS
Versalloy™
HC 9210-45N
45A USP Class VI EtO
Good processability,
smooth surface aesthetics
Versalloy™
HC 9210-55N
55A USP Class VI EtO
Good processability,
smooth surface aesthetics
Versalloy™
HC 9210-70N
70A USP Class VI EtO
Good processability,
smooth surface aesthetics
Versalloy™
HC 9220-43N
43A
USP Class VI,
ISO 10993-4/5
EtO
Extrusion grade,
high temperature resistance
Versaflex™
HC 2110-35N
34A
FDA, USP Class VI,
ISO 10993
Autoclave EtO
radiation
Resealing, elevated comp set
Versaflex™
HC 2110-57B
57A
FDA, USP Class VI,
ISO 10993
Autoclave EtO
radiation
Low stiction
VERSAFLEX™ CL AND DYNAFLEX™ TPEs
HIGH CLARITY
GRADES WITHOUT
PLASTICIZERS
• Water clear grades formulated without
phthalate plasticizers
• Meets medical regulatory USP Class VI and
ISO 10993-4,5
• Food contact and FDA compliant
• Autoclave and radiation stable
• Low extractable
• High clarity (Haze 50 4.1, 100 4.5, 100 4, 70 6, 70
Tensile Modulus (MPa) 2200 2700 2600 2350 1820 1820
Flexural Strength (MPa) 80 90 104 86 68 68
Flexural Modulus (MPa) 2500 2700 2500 2300 1980 1590
HDT: 0.45, 1.8 (MPa) 110, 80 90, 80 100, 89 123, 100 123, 64 100, 70
UL-94 Rating @ 3.0 mm 5VA V-0 5VA V-0 HB V-0
UL-94 Rating @ 1.5 mm V-0 V-0 5VB V-0 HB V-0
UL-94 Rating @ 0.75 mm V-1 V-2 V-0 None None V-2
COMPETITIVE MATERIAL COMPARISON
ENGINEERED POLYMER FORMULATIONS
FOR HEALTHCARE
TRILLIANT™ HC THERMOPLASTICS
The family of Trilliant™ HC high-performance thermoplastics is formulated to meet the growing challenges
of medical devices and equipment.
https://www.avient.com/sites/default/files/resources/TRA%2520-%25202016%2520Annual%2520Report%2520for%252017%2520Tideman.pdf
Orangeville Compound (Update 1) Report Preview
National Pollutant Release
Inventory (NPRI) and Partners
Home Submission Management Help My Profile:Brian Greer Logout Ec.gc.ca
Report Preview
Report Details
Company and Facility Details
Permits
Contacts Details
Report Year
2016
Report Type:
NPRI
Report Status:
Update 1 Submitted
Modified Date/Time:
13/03/2018 2:04 PM
Report Update Comments:
As per email from NPRI QC team Feb 13, 2018
Company Name:
Polyone Canada Inc.
lang=En&n=FD9B0E51-1
https://ec.ss.ec.gc.ca/auth/en/Services
about:/
about:/
about:/
General Information
Substance List
CAS RN Substance Name Releases Releases (Speciated VOCs) Disposals Recycling Unit
NA 01 Antimony (and its compounds) 0.0004 N/A N/A N/A tonnes
NA 02 Arsenic (and its compounds) 0.0007 N/A N/A N/A kg
103231 Bis(2ethylhexyl) adipate 0.0106 N/A N/A N/A tonnes
117817 Bis(2ethylhexyl) phthalate 0.0283 N/A N/A N/A tonnes
85687 Butyl benzyl phthalate 0.0008 N/A N/A N/A tonnes
NA 14 Zinc (and its compounds) 0.0000 N/A N/A 0.0002 tonnes
Applicable Programs
CAS RN Substance Name NPRI ON MOE TRA ON MOE Reg 127/01
First report for
this substance to
the ON MOE TRA
NA 01 Antimony (and its compounds) Yes
NA 02 Arsenic (and its compounds) Yes
103231 Bis(2ethylhexyl) adipate Yes
117817 Bis(2ethylhexyl) phthalate Yes
85687 Butyl benzyl phthalate Yes
NA 14 Zinc (and its compounds) Yes
Position:
EHS Manager
Telephone:
5192150535
Email:
brian.greer@polyone.com
Contact Type
Certifying Official
Name:
Najat Kamal
Position:
EHSQ specialist
Telephone:
5148089920
Email:
najat.kamal@polyone.com
Number of employees:
45
Activities for Which the 20,000Hour Employee
Threshold Does Not Apply:
None of the above
Activities Relevant to Reporting Dioxins,
Furans and Hexacholorobenzene:
None of the above
Activities Relevant to Reporting of Polycyclic
Aromatic Hydrocarbons (PAHs):
Wood preservation using creosote: No
Is this the first time the facility is reporting to
the NPRI (under current or past ownership):
No
Is the facility controlled by another Canadian
company or companies:
No
Did the facility report under other
environmental regulations or permits:
No
Is the facility required to report one or more
NPRI Part 4 substances (Criteria Air
Contaminants):
No
Was the facility shut down for more than one
week during the year:
No
Operating Schedule Days of the Week:
Mon, Tue, Wed, Thu, Fri
Usual Number of Operating Hours per day:
24
Usual Daily Start Time (24h) (hh:mm):
00:00
General Information about the Substance Releases and Transfers of the Substance
CAS RN
Substance
Name
Was the substance
released onsite
The substance will be reported as the sum of
releases to all media (total of 1 tonne or less)
1 tonne or more of a Part 5 Substance
(Speciated VOC) was released to air
NA 01
Antimony (and
its compounds)
Yes Yes No
NA 02
Arsenic (and its
compounds)
Yes No No
103231
Bis(2ethylhexyl)
adipate
Yes Yes No
117817
Bis(2ethylhexyl)
phthalate
Yes Yes No
85687
Butyl benzyl
phthalate
Yes Yes No
NA 14
Zinc (and its
compounds)
Yes No No
General Information about the Substance Disposals and Offsite Transfers for Recycling
CAS RN
Substance
Name
Was the substance disposed of (onsite or off
site), or transferred for treatment prior to final
disposal
Is the facility required to report on disposals of
tailings and waste rock for the selected
reporting period
Was the substance
transferred offsite for
recycling
NA 01
Antimony
(and its
compounds)
No No No
NA 02
Arsenic (and
its
compounds)
No No No
103231
Bis(2
ethylhexyl)
adipate
No No No
117817
Bis(2
ethylhexyl)
phthalate
No No No
85687
Butyl benzyl
phthalate
No No No
NA 14
Zinc (and its
compounds)
Yes No No
General Information about the Substance Nature of Activities
CAS RN Substance Name Manufacture the Substance Process the Substance Otherwise Use of the Substance
NA 01 Antimony (and its compounds) For onsite use/processing As a reactant As a byproduct
NA 02 Arsenic (and its compounds) For onsite use/processing As a reactant As a byproduct
103231 Bis(2ethylhexyl) adipate For onsite use/processing As a reactant As a byproduct
117817 Bis(2ethylhexyl) phthalate For onsite use/processing As a reactant As a byproduct
85687 Butyl benzyl phthalate For onsite use/processing As a reactant As a byproduct
NA 14 Zinc (and its compounds) For onsite use/processing As a reactant As a byproduct
Onsite Releases Releases to air
CAS RN Substance Name Category Basis of Estimate Detail Code Quantity
NA 02 Arsenic (and its compounds) Stack or Point Releases O Engineering Estimates 0.0000 kg
NA 14 Zinc (and its compounds) Stack or Point Releases O Engineering Estimates 0.0000 tonnes
Onsite Releases Releases to air Total
CAS RN Substance Name Total Releases to Air
NA 02 Arsenic (and its compounds) 0.0000 kg
NA 14 Zinc (and its compounds) 0.0000 tonnes
Onsite Releases Releases to land
CAS RN Substance Name Category Basis of Estimate Detail Code Quantity
NA 02 Arsenic (and its compounds) Other O Engineering Estimates 0.0007 kg
Onsite Releases Nature of Other Land Release
CAS RN Substance Name Nature of Other Land Release
NA 02 Arsenic (and its compounds) Landfill disposal
CAS RN Substance Name Nature of Other Land Release
Onsite Releases Releases to land Total
CAS RN Substance Name Total Releases to Land
NA 02 Arsenic (and its compounds) 0.0007 kg
Total Quantity Released (All Media)
CAS RN Substance Name Category Basis of Estimate Detail Code Quantity
NA 01 Antimony (and its compounds) Total Quantity Released O Engineering Estimates 0.0004 tonnes
103231 Bis(2ethylhexyl) adipate Total Quantity Released O Engineering Estimates 0.0106 tonnes
117817 Bis(2ethylhexyl) phthalate Total Quantity Released O Engineering Estimates 0.0283 tonnes
85687 Butyl benzyl phthalate Total Quantity Released O Engineering Estimates 0.0008 tonnes
Onsite Releases Total
CAS RN Substance Name Total releases
NA 02 Arsenic (and its compounds) 0.0007 kg
NA 14 Zinc (and its compounds) 0.0000 tonnes
Onsite Releases Quarterly Breakdown of Annual Releases
CAS RN Substance Name Quarter 1 Quarter 2 Quarter 3 Quarter 4
NA 01 Antimony (and its compounds) 25 25 25 25
NA 02 Arsenic (and its compounds) 25 25 25 25
103231 Bis(2ethylhexyl) adipate 25 25 25 25
117817 Bis(2ethylhexyl) phthalate 25 25 25 25
85687 Butyl benzyl phthalate 25 25 25 25
Onsite Releases Reasons for Changes in Quantities Released from Previous Year
CAS RN Substance Name Reasons for Changes in Quantities from Previous Year Comments
103231 Bis(2ethylhexyl) adipate No significant change (i.e.
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates
Sitting atop the plastics pyramid, high-temperature formulations provide robust material performance at elevated temperatures in excess of 300°F (150°C).
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2019-results
Attachment 2
Tax adjustments(2)
2)
https://www.avient.com/sites/default/files/2020-07/avient-abac-netherlands-200721.pdf
2
Omkoping van overheidsfunctionarissen 2
Commerciële omkoping 3
Faciliterende betalingen en smeergeld 3
Werken met vertegenwoordigers, distributeurs en andere derden 3
Due diligence- en goedkeuringsproces 3
Rode vlaggen 4
Vereisten op het gebied van boekhouding en administratie 4
Melden van mogelijke overtredingen 5
Ethische hotline van Avient 5
Bescherming tegen vergelding 5
Snelle verwijzing: ABAC WEL DOEN EN NIET DOEN 6
1
Ons internationale beleid tegen
omkoping en corruptie
Avient verbiedt ten strengste fraude, omkoping en
andere corrupte bedrijfspraktijken bij al onze activiteiten
overal ter wereld.
Om te voldoen aan de ABAC-wetten, mag geen enkele
medewerker of derde partij die namens Avient handelt,
ooit enige vorm van geschenk, vermaak of iets van waarde
aanbieden aan of ontvangen van iemand, direct of indirect,
wanneer dat smeergeld bedoeld is om:
• zakelijke overeenkomsten te verkrijgen of te
behouden;
2 Dit omvat elke overheidsfunctionaris en/of werknemer uit de particuliere sector
Inhoudsopgave
2
• zakelijke beslissingen te beïnvloeden;
• een oneerlijk voordeel te verkrijgen.
https://www.avient.com/sites/default/files/2020-07/avient-abac-germany-200717.pdf
2
Bestechung von Staatsbediensteten 2
Bestechung im Wirtschaftsleben 3
Gefälligkeitszahlungen und Schmiergelder 3
Zusammenarbeit mit Vertretern, Vertriebspartnern und anderen Drittparteien 3
Due Diligence und Genehmigungsverfahren 4
Warnsignale 4
Anforderungen an die Buchführung 4
Meldung möglicher Verstöße 5
Ethik-Hotline von Avient 5
Schutz vor Vergeltungsmaßnahmen 5
Kurzübersicht: Richtige und falsche Handlungsweisen im Zusammenhang mit ABAC 6
1
Unsere globale Richtlinie zur
Bekämpfung von Bestechung und
Korruption
Avient untersagt ausdrücklich Betrug, Bestechung
und andere korrupte Geschäftspraktiken bei all seinen
Geschäftstätigkeiten weltweit.
Darüber hinaus sind alle diese Personen dazu
verpflichtet:
• sich mit den anwendbaren Aspekten der Richtlinie
vertraut zu machen und sie den ihnen unterstellten
Mitarbeitern zu erläutern
• Fragen zu stellen, wenn die Richtlinie oder die
erforderliche Aktion, die in einer bestimmten
Situation erfolgen muss, unklar ist
• geschäftliche Aktivitäten, die über Drittparteien
abgewickelt werden, vorgenommene zu managen
und zu überwachen
• aufmerksam auf potenzielles oder tatsächliches
Fehlverhalten zu achten
• Verstöße oder vermutete Verstöße über die
angemessenen Kanäle umgehend zu melden
ABAC-Gesetze untersagen es allen Unternehmen und
Personen, einer Einzelperson2 geldwerte Zuwendungen
anzubieten, zu versprechen, zu zahlen oder deren Zahlung
zu genehmigen, um sich Geschäfte zu sichern oder zu
2 Dies gilt für alle Staatsbediensteten und/oder privatwirtschaftlich Beschäftigten
Startseite | Inhaltsangabe
2
erhalten beziehungsweise um sich sonstige unzulässige
Geschäftsvorteile zu verschaffen.
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
2
Soborno de funcionarios gubernamentales 2
Soborno comercial 3
Pagos de facilitación y comisiones 3
Trabajo con agentes, distribuidores y otros terceros 3
Proceso de diligencia debida y aprobación 3
Señales de alarma 4
Requisitos contables y de mantenimiento de registros 4
Informes de posibles infracciones 4
Línea Directa de Ética de Avient 5
Protección contra represalias 5
Referencia rápida: PUNTOS DEBE Y NO DEBE DE LA POLÍTICA ABAC 6
1
Nuestra Política Global contra el
Soborno y la Corrupción
Avient prohíbe estrictamente el fraude, el soborno y
otras prácticas comerciales corruptas en todas nuestras
operaciones comerciales en cualquier lugar del mundo.
Esta prohibición es de aplicación
tanto si la oferta o el pago se realiza directamente como a
través de otra persona.
2 Esto incluye cualquier funcionario gubernamental o empleado del sector privado
Índice
2
Para cumplir con las leyes ABAC, ningún empleado o
tercero que actúe en nombre de Avient debería ofrecer
nunca a nadie, ni recibir de nadie, directa o indirectamente,
alguna forma de obsequio, entretenimiento o algo de valor
cuando dicho soborno tenga como objetivo:
• Obtener o retener un negocio
• Incluir en decisiones comerciales
• Asegurarse una ventaja injusta
Las leyes ABAC son de amplio alcance y pueden
interpretarse de manera muy amplia.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Special items for the fourth quarter of 2022 had a $(0.42)
impact on EPS and included acquisition-related costs that primarily consist of inventory step-up
adjustments, restructuring costs, debt extinguishment costs, and a pension market-to-market
adjustment.
2
On a pro forma basis, fourth quarter and full year adjusted EPS were $0.42 and $3.04, respectively,
which excludes special items and intangible amortization expense, exceeding previous guidance of
$0.33 and $2.95.
Three Months Ended
December 31,
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
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Year Ended
December 31,
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
9
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,
2022 2021 2022 2021
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Cost of sales 618.4 590.5 2,514.2 2,371.7
Gross margin 172.0 216.6 882.7 943.8
Selling and administrative expense 171.6 166.4 639.4 664.1
Operating income 0.4 50.2 243.3 279.7
Interest expense, net (49.4) (17.5) (119.8) (75.2)
Other expense, net (28.4) (5.3) (59.7) (1.0)
(Loss) income from continuing operations before income taxes (77.4) 27.4 63.8 203.5
Income tax benefit (expense) 60.8 (17.1) 19.3 (51.9)
Net (loss) income from continuing operations (16.6) 10.3 83.1 151.6
Income from discontinued operations, net of income taxes 561.5 18.7 620.3 79.0
Net income 544.9 29.0 703.4 230.6
Net (income) loss attributable to noncontrolling interests (0.4) 0.9 (0.3) 0.2
Net income attributable to Avient common shareholders $ 544.5 $ 29.9 $ 703.1 $ 230.8
Earnings per share attributable to Avient common shareholders - Basic:
Continuing operations $ (0.19) $ 0.12 $ 0.91 $ 1.66
Discontinued operations 6.17 0.21 6.80 0.87
Total $ 5.98 $ 0.33 $ 7.71 $ 2.53
Earnings per share attributable to Avient common shareholders - Diluted:
Continuing operations $ (0.19) $ 0.12 $ 0.90 $ 1.65
Discontinued operations 6.17 0.20 6.73 0.86
Total $ 5.98 $ 0.32 $ 7.63 $ 2.51
Cash dividends declared per share of common stock $ 0.2475 $ 0.2375 $ 0.9600 $ 0.8750
Weighted-average shares used to compute earnings per common share:
Basic 91.0 91.5 91.2 91.4
Diluted 91.0 92.4 92.2 92.1
10
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,
2022 2021 2022 2021
Cost of sales:
Restructuring costs, including accelerated depreciation $ (21.3) $ (6.0) $ (31.1) $ (14.6)
Environmental remediation costs (0.4) (0.5) (24.2) (22.9)
Reimbursement of previously incurred environmental costs — — 8.3 4.5
Acquisition related costs (23.8) 0.6 (34.1) (0.6)
Impact on cost of sales (45.5) (5.9) (81.1) (33.6)
Selling and administrative expense:
Restructuring, legal and other (8.3) (4.2) (8.3) (5.9)
Acquisition related costs (6.1) (1.1) (19.3) (8.3)
Impact on selling and administrative expense (14.4) (5.3) (27.6) (14.2)
Impact on operating income (59.9) (11.2) (108.7) (47.8)
Interest expense, net - committed financing and debt extinguishment (16.0) — (26.0) —
Mark-to-market on derivatives — — (30.9) —
Pension and post retirement mark-to-market adjustment and other (28.4) (9.3) (28.4) (9.3)
Impact on Other expense, net (28.4) (9.3) (59.3) (9.3)
Impact on income from continuing operations before income taxes (104.3) (20.5) (194.0) (57.1)
Income tax benefit benefit/(expense) on above special items 26.8 4.1 49.4 13.0
Tax adjustments(2) 39.2 (7.5) 28.4 (5.9)
Impact of special items on net income from continuing operations $ (38.3) $ (23.9) $ (116.2) $ (50.0)
Diluted earnings per common share impact $ (0.42) $ (0.26) $ (1.26) $ (0.54)
Weighted average shares used to compute adjusted earnings per share:
Diluted 91.7 92.4 92.2 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 non-recurring income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
11
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2022 2021
ASSETS
Current assets:
Cash and cash equivalents $ 641.1 $ 601.2
Accounts receivable, net 440.6 439.9
Inventories, net 372.7 305.8
Current assets held for sale — 360.2
Other current assets 115.3 119.9
Total current assets 1,569.7 1,827.0
Property, net 1,049.2 672.3
Goodwill 1,671.9 1,284.8
Intangible assets, net 1,597.6 925.2
Operating lease assets, net 60.4 58.2
Non-current assets held for sale — 22.0
Other non-current assets 136.2 207.7
Total assets $ 6,085.0 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 2.2 $ 8.6
Accounts payable 454.4 429.5
Current operating lease obligations 17.0 21.1
Current liabilities held for sale — 141.3
Accrued expenses and other current liabilities 395.8 340.2
Total current liabilities 869.4 940.7
Non-current liabilities:
Long-term debt 2,176.7 1,850.3
Pension and other post-retirement benefits 67.2 99.9
Deferred income taxes 342.5 100.6
Non-current operating lease obligations 40.9 37.3
Non-current liabilities held for sale — 13.1
Other non-current liabilities 235.5 164.8
Total non-current liabilities 2,862.8 2,266.0
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,334.5 1,774.7
Noncontrolling interest 18.3 15.8
Total equity 2,352.8 1,790.5
Total liabilities and equity $ 6,085.0 $ 4,997.2
12
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2022 2021
Operating activities
Net income $ 703.4 $ 230.6
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 157.6 144.2
Accelerated depreciation 5.5 1.7
Amortization of inventory step-up 34.4 1.5
Deferred income tax expense (benefit) 0.5 (27.3)
Share-based compensation expense 13.2 11.2
Changes in assets and liabilities, net of the effect of acquisitions:
Decrease (increase) in accounts receivable 32.6 (143.1)
Decrease (increase) in inventories 14.0 (141.0)
Increase in accounts payable 10.7 95.3
Increase (decrease) in pension and other post-retirement benefits 7.1 (10.9)
Taxes paid on gain on divestiture (2.8) —
(Decrease) increase in accrued expenses and other assets and liabilities, net (27.7) 71.6
Net cash provided by operating activities 398.4 233.8
Investing activities
Capital expenditures (105.5) (100.6)
Business acquisitions, net of cash acquired (1,426.1) (47.6)
Settlement of foreign exchange derivatives 93.3 —
Proceeds from divestiture 928.2 —
Other investing activities 6.1 (2.0)
Net cash used by investing activities (504.0) (150.2)
Financing activities
Debt offering proceeds 1,300.0 —
Purchase of common shares for treasury (36.4) (4.2)
Cash dividends paid (86.8) (77.7)
Repayment of long-term debt (956.8) (18.5)
Payments on withholding tax on share awards (4.3) (10.7)
Debt financing costs (49.3) —
Other financing activities — (3.5)
Net cash provided (used) by financing activities 166.4 (114.6)
Effect of exchange rate changes on cash (20.9) (17.3)
Increase (decrease) in cash and cash equivalents 39.9 (48.3)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of year $ 641.1 $ 601.2
13
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/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Our recent performance
demonstrates the resiliency of our portfolio during challenging times.”
2
As a continuation of its specialty transformation, the company announced in April it had entered
into an agreement to acquire the DSM Protective Materials business (including the Dyneema®
brand) (“Dyneema”) and that it is exploring the sale of its Distribution business.
Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income attributable to Avient shareholders $ 84.7 $ 0.92 $ 68.8 $ 0.74
Special items, after tax (Attachment 3) 5.1 0.06 11.7 0.13
Adjusted net income / EPS - excluding special items $ 89.8 $ 0.98 $ 80.5 $ 0.87
Six months ended
June 30, 2022
Six months ended
June 30, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income attributable to Avient shareholders $ 168.9 $ 1.83 $ 148.1 $ 1.60
Special items, after tax (Attachment 3) 12.3 0.13 14.3 0.16
Adjusted net income / EPS - excluding special items $ 181.2 $ 1.96 $ 162.4 $ 1.76
7
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2022 2021 2022 2021
Sales $ 1,302.4 $ 1,235.2 $ 2,596.2 $ 2,397.5
Cost of sales 998.6 946.5 1,998.7 1,806.4
Gross margin 303.8 288.7 597.5 591.1
Selling and administrative expense 174.3 180.6 339.4 362.6
Operating income 129.5 108.1 258.1 228.5
Interest expense, net (16.2) (19.5) (33.1) (38.8)
Other income, net 1.4 1.2 0.8 2.7
Income before income taxes 114.7 89.8 225.8 192.4
Income tax expense (30.0) (20.4) (56.6) (43.3)
Net income 84.7 69.4 169.2 149.1
Net income attributable to noncontrolling interests — (0.6) (0.3) (1.0)
Net income attributable to Avient shareholders $ 84.7 $ 68.8 $ 168.9 $ 148.1
Earnings per share attributable to Avient common shareholders -
Basic $ 0.93 $ 0.75 $ 1.85 $ 1.62
Earnings per share attributable to Avient common shareholders -
Diluted $ 0.92 $ 0.74 $ 1.83 $ 1.60
Cash dividends declared per share of common stock $ 0.2375 $ 0.2125 $ 0.4750 $ 0.4250
Weighted-average shares used to compute earnings per common share:
Basic 91.4 91.3 91.4 91.3
Diluted 92.1 92.4 92.2 92.3
8
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
June 30,
Six Months Ended
June 30,
2022 2021 2022 2021
Cost of sales:
Restructuring costs, including accelerated depreciation and
amortization $ (2.6) $ (1.5) $ (7.0) $ (3.3)
Environmental remediation costs (3.0) (12.5) (5.0) (13.0)
Reimbursement of previously incurred environmental costs 7.6 — 8.2 4.5
Acquisition related costs — 1.4 — 1.4
Impact on cost of sales 2.0 (12.6) (3.8) (10.4)
Selling and administrative expense:
Restructuring, legal and other (4.2) (0.4) (3.3) (1.7)
Acquisition related costs (2.1) (1.2) (5.0) (4.5)
Impact on selling and administrative expense (6.3) (1.6) (8.3) (6.2)
Impact on operating income (4.3) (14.2) (12.1) (16.6)
Other income, net — — 0.1 —
Mark-to-market on cross-currency swaps 0.9 — 0.9 —
Impact on income before income taxes (3.4) (14.2) (11.1) (16.6)
Income tax benefit on above special items 0.8 3.4 2.8 4.3
Tax adjustments(2) (2.5) (0.9) (4.0) (2.0)
Impact of special items on net income attributable to Avient
Shareholders $ (5.1) $ (11.7) $ (12.3) $ (14.3)
Diluted earnings per common share impact $ (0.06) $ (0.13) $ (0.13) $ (0.16)
Weighted average shares used to compute adjusted earnings per share:
Diluted 92.1 92.4 92.2 92.3
(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.
9
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
June 30, 2022
December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents $ 645.1 $ 601.2
Accounts receivable, net 752.6 642.3
Inventories, net 494.0 461.1
Other current assets 128.4 122.4
Total current assets 2,020.1 1,827.0
Property, net 638.9 676.1
Goodwill 1,256.8 1,286.4
Intangible assets, net 867.2 925.2
Operating lease assets, net 62.7 74.1
Other non-current assets 197.9 208.4
Total assets $ 5,043.6 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 607.7 $ 8.6
Accounts payable 634.0 553.9
Current operating lease obligations 21.4 24.2
Accrued expenses and other current liabilities 307.5 353.9
Total current liabilities 1,570.6 940.6
Non-current liabilities:
Long-term debt 1,249.1 1,850.3
Pension and other post-retirement benefits 95.0 100.0
Deferred income taxes 106.6 100.6
Non-current operating lease obligations 41.8 50.1
Other non-current liabilities 154.7 165.1
Total non-current liabilities 1,647.2 2,266.1
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,809.7 1,774.7
Noncontrolling interest 16.1 15.8
Total equity 1,825.8 1,790.5
Total liabilities and equity $ 5,043.6 $ 4,997.2
10
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Six Months Ended
June 30,
2022 2021
Operating Activities
Net income $ 169.2 $ 149.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 71.1 69.5
Accelerated depreciation and amortization 3.2 1.4
Share-based compensation expense 6.3 5.6
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (133.2) (196.1)
Increase in inventories (45.9) (88.1)
Increase in accounts payable 98.5 108.4
Decrease in pension and other post-retirement benefits (9.9) (9.2)
(Decrease) increase in accrued expenses and other assets and liabilities, net (52.6) 27.5
Net cash provided by operating activities 106.7 68.1
Investing activities
Capital expenditures (34.0) (42.1)
Settlement of cross-currency swaps 75.1 —
Net cash proceeds used by other assets — (2.0)
Net cash provided (used) by investing activities 41.1 (44.1)
Financing activities
Purchase of common shares for treasury (36.4) (4.2)
Cash dividends paid (43.5) (38.8)
Repayment of long-term debt (4.4) (4.4)
Payments of withholding tax on share awards (4.1) (4.2)
Net cash used by financing activities (88.4) (51.6)
Effect of exchange rate changes on cash (15.5) (5.7)
Increase (decrease) in cash and cash equivalents 43.9 (33.3)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of period $ 645.1 $ 616.2
11
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/2024-10/Avient Announces Third Quarter 2024 Results.pdf
Both business segments performed well as
we continue to capitalize on winning new business and gaining share, while serving the
underlying market demand.”
2
Dr.
Three Months Ended September 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 38.2 $ 0.41 $ 5.1 $ 0.06
Special items, after-tax (Attachment 3) 6.6 0.07 32.0 0.35
Amortization expense, after-tax 15.0 0.16 15.2 0.16
Adjusted net income / EPS $ 59.8 $ 0.65 $ 52.3 $ 0.57
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Nine Months Ended September 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 121.2 $ 1.32 $ 48.0 $ 0.52
Special items, after-tax (Attachment 3) 33.9 0.37 73.9 0.81
Amortization expense, after-tax 44.7 0.49 46.5 0.51
Adjusted net income / EPS $ 199.8 $ 2.17 $ 168.4 $ 1.84
(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
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
Sales $ 815.2 $ 753.7 $ 2,493.9 $ 2,423.8
Cost of sales 553.8 558.4 1,696.7 1,740.2
Gross margin 261.4 195.3 797.2 683.6
Selling and administrative expense 184.2 161.0 553.5 529.9
Operating income 77.2 34.3 243.7 153.7
Interest expense, net (26.9) (30.3) (80.1) (88.5)
Other (expense) income, net (0.3) 1.0 (2.1) 1.5
Income from continuing operations before income taxes 50.0 5.0 161.5 66.7
Income tax (expense) benefit (11.3) 0.1 (39.3) (18.0)
Net income from continuing operations 38.7 5.1 122.2 48.7
Loss from discontinued operations, net of income taxes — — — (0.9)
Net income $ 38.7 $ 5.1 $ 122.2 $ 47.8
Net income attributable to noncontrolling interests (0.5) — (1.0) (0.7)
Net income attributable to Avient common shareholders $ 38.2 $ 5.1 $ 121.2 $ 47.1
Earnings (loss) per share attributable to Avient common shareholders - Basic:
Continuing operations $ 0.42 $ 0.06 $ 1.33 $ 0.53
Discontinued operations — — — (0.01)
Total $ 0.42 $ 0.06 $ 1.33 $ 0.52
Earnings (loss) per share attributable to Avient common shareholders - Diluted:
Continuing operations $ 0.41 $ 0.06 $ 1.32 $ 0.52
Discontinued operations — — — (0.01)
Total $ 0.41 $ 0.06 $ 1.32 $ 0.51
Cash dividends declared per share of common stock $ 0.2575 $ 0.2475 $ 0.7725 $ 0.7425
Weighted-average shares used to compute earnings per common share:
Basic 91.3 91.1 91.3 91.1
Diluted 92.3 91.9 92.0 91.8
8
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,
2024 2023 2024 2023
Cost of sales:
Restructuring costs, including accelerated depreciation $ 1.8 $ (2.1) $ 5.6 $ (9.9)
Environmental remediation costs (2.4) (38.1) (28.2) (52.5)
Impact on cost of sales (0.6) (40.2) (22.6) (62.4)
Selling and administrative expense:
Restructuring and employee separation costs (3.1) (2.0) (6.6) (13.8)
Legal and other (4.3) 1.7 (10.1) (9.1)
Acquisition related costs (0.4) (0.5) (2.5) (4.6)
Impact on selling and administrative expense (7.8) (0.8) (19.2) (27.5)
Impact on operating income (8.4) (41.0) (41.8) (89.9)
Interest expense, net - financing costs (1.3) (2.2) (2.3) (2.2)
Other income (loss) — — 0.1 (0.1)
Impact on income from continuing operations before income taxes (9.7) (43.2) (44.0) (92.2)
Income tax benefit on special items 3.5 10.8 11.9 23.2
Tax adjustments(2) (0.4) 0.4 (1.8) (4.9)
Impact of special items on net income from continuing operations $ (6.6) $ (32.0) $ (33.9) $ (73.9)
Diluted earnings per common share impact $ (0.07) $ (0.35) $ (0.37) $ (0.81)
Weighted average shares used to compute adjusted earnings per share:
Diluted 92.3 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 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 and certain adjustments to uncertain tax position reserves
and valuation allowances.
9
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30,
2024 December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents $ 505.7 $ 545.8
Accounts receivable, net 465.1 399.9
Inventories, net 377.8 347.0
Other current assets 108.8 114.9
Total current assets 1,457.4 1,407.6
Property, net 973.5 1,028.9
Goodwill 1,716.8 1,719.3
Intangible assets, net 1,542.5 1,590.8
Deferred income taxes 133.1 92.3
Other non-current assets 224.0 129.6
Total assets $ 6,047.3 $ 5,968.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 7.8 $ 9.5
Accounts payable 425.9 432.3
Accrued expenses and other current liabilities 460.8 331.8
Total current liabilities 894.5 773.6
Non-current liabilities:
Long-term debt 2,059.9 2,070.5
Pension and other post-retirement benefits 63.7 67.2
Deferred income taxes 289.1 281.6
Other non-current liabilities 359.9 437.6
Total non-current liabilities 2,772.6 2,856.9
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,363.0 2,319.2
Noncontrolling interest 17.2 18.8
Total equity 2,380.2 2,338.0
Total liabilities and equity $ 6,047.3 $ 5,968.5
10
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2024 2023
Operating activities
Net income $ 122.2 $ 47.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 133.1 142.6
Accelerated depreciation 1.2 1.9
Share-based compensation expense 12.5 9.7
Changes in assets and liabilities:
Increase in accounts receivable (65.7) (5.7)
(Increase) decrease in inventories (30.2) 16.5
Decrease in accounts payable (5.7) (59.1)
Taxes paid on gain on sale of business — (104.1)
Accrued expenses and other assets and liabilities, net (33.2) (2.5)
Net cash provided by operating activities 134.2 47.1
Investing activities
Capital expenditures (80.8) (75.0)
Net proceeds from divestiture — 7.3
Proceeds from plant closures 3.4 —
Other investing activities (2.1) 2.3
Net cash used by investing activities (79.5) (65.4)
Financing activities
Proceeds from long-term borrowings 650.0 —
Payments on long-term borrowings (659.1) (103.8)
Cash dividends paid (70.5) (67.6)
Debt financing costs (9.6) (2.3)
Other financing activities (4.6) (2.3)
Net cash used by financing activities (93.8) (176.0)
Effect of exchange rate changes on cash (1.0) (7.2)
Decrease in cash and cash equivalents (40.1) (201.5)
Cash and cash equivalents at beginning of year 545.8 641.1
Cash and cash equivalents at end of period $ 505.7 $ 439.6
11
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.