https://www.avient.com/sites/default/files/Avient Climate Change Scenario Analysis Summary 2022.pdf
Continued R&D investment in current initiatives is
expected
· Steep increases in advanced economies' carbon prices · Considerable increases in emerging economies' carbon
prices
· Some change in carbon prices
· Declining fuel prices · Regional variability in fuel prices, though slight net
increase
· Rising fuel prices
1 International Energy Agency World Energy Outlook 2021
The following summarizes Avient's climate-related risks and opportunities analyzed across multiple scenarios, in alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
By 2030, Avient will reduce Scope 1 & 2 GHG emissions by 60% with 2019 as a baseline and achieve operational carbon neutrality by 2050
Clean electrification of our operations and processes will represent some of our
current scope 1 emissions reductions, though further evaluation is required
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
INVESTOR DAY
O R L A N D O , F L O R I D A | M A Y 2 0 1 8
FORWARD
LOOKING
STATEMENTS
PolyOne Corporation 2
In this presentation, statements that are not reported financial results
or other historical information are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
I N V E S T O R D A Y A G E N D A M A Y 1 0 , 2 0 1 8
PolyOne Corporation 5
8:00 WELCOME BREAKFAST
9:00 Introduction:
Bob Patterson
9:45 Investing for Growth:
Michael Garratt
Commercial Resources
Innovation
Service
10:15 SEGMENT REVIEWS
PolyOne Distribution:
Scott Horn
Specialty Engineered Materials:
Michael Garratt
BREAK (10 MINUTES)
SEGMENT REVIEWS (CONTINUED)
Performance Products & Solutions:
Don Wiseman
Color, Additives & Inks:
Mark Crist
11:40 Mergers & Acquisitions:
Joel Rathbun
12:00 Financial Review:
Brad Richardson
12:20 Conclusion/Q&A:
Bob Patterson
1:00 LUNCH
Bradley C.
PolyOne Corporation 91
S P E E D T O M A R K E T
From concept to production
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
PolyOne Corporation 92
“Being able to create color
and produce parts in 1 day is
unheard of in this industry.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
Avient Specialty
Other
Free Cash Flow Conversion (1)
2022E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with other specialty formulators.
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.
44 1.
https://www.avient.com/sites/default/files/2023-10/Wire _ Cable Tri-fold Selection Guide_0.pdf
PRODUCT SELECTION GUIDE
WIRE & CABLE
SOLUTIONS
Specialty Engineered
Materials
High performance insulation, jacketing,
and cross-web formulations for the
wire and cable industry
Syncure™ XLPE Cross-linkable
Polyethylene Formulations
• Ambient curing
• Resistant to heat, oil, creep,
& abrasion
• Low temperature properties
• Low capital investment
• DBDPE-free grades available
• UL/CSA bulletins
Maxxam™ FR Flame Retardant
Polyolefin Formulations
• FEP alternative
• Fire performance
• UL 444 & plenum yellow
card compliance
• Low dielectric
• High extrusion speeds
• Thin wall extrudability
Maxxam™ SY Foamable Flame
Retardant Formulations
• Low dielectric
• Uniform cell structure
• Crush & heat resistance
• Ease of chemical foaming
ECCOH™ Low Smoke and Fume
Non-Halogen Formulations
• Improved fire safety
• Low smoke, fume, non-halogen
(LSFOH) formulations
ECCOH™ XL Cross-Linkable Solutions
• Non-halogen, low smoke, toxicity,
& corrosiveness
• Excellent mechanical & electrical
properties
• Easily processed
• Operating temperature of 90°C
• Moisture cure technology
Synprene™ Flame Retardant
Thermoplastic Elastomers
• Low temperature
brittleness (LTB) resistance
• Easily colored
FireCon™ CPE Insulation Jacketing
Formulations
• Resistance to harsh environments
• Sunlight resistance
ECCOH™ XL 8148 Non-halogen, low smoke, toxicity, & corrosiveness EN50618
Syncure™ S100FH Horizontal flame UL 44
Syncure™ S100FH-XUV Horizontal flame, UV resistant UL 44
Syncure™ S100FH-UV Horizontal flame, FV-1 flame, UV resistant UL 44, UL 4703
Syncure™ S100FV VW-1 flame UL 44
Syncure™ S100FV-UV VW1, UV resistant UL 44
Syncure™ S112NA Non-flame retardant CSA 22.2
Syncure™ S120NA Non-flame retardant NSF 61
Syncure™ S200FH Horizontal flame, DBDPE-free UL 44
Syncure™ S200FV VW-1, DBDPE-free UL 44
INSULATION FOR POWER CABLE SYSTEMS
Low Voltage Power Cables
• Resistance to heat, oil, creep, & abrasion
• Low capital investment
INSULATION & CROSS-WEBS FOR DATA CABLE SYSTEMS
Category Cables
• FEP alternative
• Low dielectric constant
• High extrusion speeds & thin wall capability
• Flexibility
Maxxam™ FR 0521-48 R1 Low smoke & fume, non-halogen UL 444
Maxxam™ FR 0587-21 R3 Halogenated to plenum performance UL 444
Optical Fiber Cables
• Resistance to harsh environments, chemicals, & sunlight
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen Meets customer-specific
flame requirements
Coaxial Cables
• Flexibility
• Low dielectric constant
• Uniform cell structure
• Crush & heat resistance
Maxxam™ SY 89-22-7 Foamable Meets customer-specific
flame requirements
JACKETING FOR POWER & DATA CABLE SYSTEMS
Low & Medium Voltage Jacketing
• Resistance to harsh environments, chemicals, & UV degradation
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
• Flexibility
• High extrusion speeds
• Easily colored
FEATURES SUBMARKETS & USES
FireCon™ CPE 30-33 RoHS Black Flame retardant, flexible Building & construction, industrial,
FireCon™ CPE 37-36 RoHS Black Flame retardant, flexible Building & construction, industrial,
FireCon™ CPE 30-20 RoHS Natural Flame retardant, flexible Building & construction, industrial,
ECCOH™ 5549 UV Low smoke & fume, non-halogen,
flame retardant Building & construction, industrial
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen,
flame retardant Optical fiber, ducts
ECCOH™ 5981 UV Low smoke & fume, non-halogen,
flame retardant Industrial, Teck 90 wire
Synprene™ RT5180 Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT5180UV Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT3870M Flame retardant, LTB resistance Building & construction, industrial
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-12/_ECCOH LSFOH 5983 Formulations Product Bulletin.pdf
KEY CHARACTERISTICS ECCOH 5924
ECCOH 5981
ECCOH 5983 UV
Material Standards BS7655-6, 1 (LTS1–4),
BS6724, IEC 60502 BS7655-6, 1 (LTS3) BS7655-6, 1 (LTS1–4)
Tear Strength at 23°C 7.7 N/mm 10 N/mm 11 N/mm
Tear Strength at 65°C 2.3 N/mm 5 N/mm 6.5 N/mm
Hot Pressure Test (6h at 90°C) 39% –
https://www.avient.com/sites/default/files/2020-05/polyone-investor-presentation-may-2020_0.pdf
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018***
Q1
2019*** 2019
Q1
2020
Net income from continuing operations attributable to PolyOne
common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 22.4 $ 75.5 $ 33.1
Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — — — — — — —
Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 12.2 61.7 9.6
Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (1.2) (5.9) (1.0)
Adjusted net income from continuing operations attributable to
PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 33.4 $ 131.3 $ 41.7
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 78.2 77.7 86.7
Adjusted EPS attributable to PolyOne common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 0.43 $ 1.69 $ 0.48
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation.
** Pro forma for sale of Designed Structures and Solutions segment (DSS).
*** Pro forma for sale of Performance Products and Solutions segment (PP&S).
Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering
Three Months Ended
March 31, 2020
Net income from continuing operations – GAAP $ 33.1
Special items, after tax(1) 8.6
After tax interest income earned on equity proceeds, included in Interest expense, net (0.7)
Adjusted net income excluding special items and impact of interest income on equity proceeds $ 41.0
Diluted weighted-average shares used to compute earnings per common share 86.7
Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (9.3)
Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 77.4
Adjusted EPS - excluding special items and the net impact of equity offering $ 0.53
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-nomex-meta-aramid.pdf
History
Originally called HT-1, Nomex® was first developed in the 1960’s and made
commercially available in 1967.
NOMEX® META-ARAMID DATA
META-ARAMID (HM) BARE FIBER PERFORMANCE
* Equilibrium moisture regain @ 55% RH ** Creep @ 40%-58% ultimate tensile strength *** Shrinkage in dry air @ 177 C for 30 minutes
ABOUT FIBER-LINE®
LOCATIONS
Headquarters, R&D, Manufacturing
FIBER-LINE® LLC
3050 Campus Drive
Hatfield, PA 19440
+1 215.997.9181
fiber@fiber-line.com
Manufacturing Operations
FIBER-LINE® LLC
280 Performance Drive SE
Hickory, NC 28602
+1 828.326.8700
fiber@fiber-line.com
EMEA & Asia Pacific Operations
FIBER-LINE® INTERNATIONAL B.V.
https://www.avient.com/sites/default/files/2024-12/IATF16949 2016 Certificate for PolyOne shenzhen-CN2024.pdf
1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
管理体系认证证书
证书号码:
273138-2018-AQ-RGC-IATF
IATF证书号码:
0558323
有效期限:
2024年12月 10日 – 2027年12月 09日
兹证明
普立万聚合体(深圳)有限公司
中国广东省深圳市宝安区沙井镇蚝乡路启航工业园1号 518104
统一社会信用代码:9144030076498189X0(USI: C5M65R)
外部支持场所: 见附页
质量管理体系符合 :
IATF 16949:2016
此证书对下列范围有效:
塑料改性材料的设计和制造
豁免:无
http://www.dnv.com
证书号码: 273138-2018-AQ-RGC-IATF
IATF证书号码: 0558323
证书制作地点及日期: Katy, TX, 2024年12月 10日
未履行认证协议中规定条款会导致此证书失效,获证组织必须定期接受监督审核并经审核合格此证书方继续有效。
获得认可的单位: DNV Business Assurance USA Inc., 1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
页 2 / 2
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普立万聚合体(深圳)有限公司
外部支持场所:
场所名称 场所地址 外部支持场所活动 认证机构
普立万企业管理(上海)有限公司 中国上海浦东金桥经济开发技术区
金苏路200号C幢2楼 201206(USI:
PKFHC3)
产品设计,过程设计 DNV
普立万聚合体(苏州)有限公司 中国江苏省苏州工业区胜港街77号
215127(USI: CF4943)
合同评审,销售,供应商管理 DNV
http://www.dnv.com
https://www.avient.com/sites/default/files/2021-06/sat-avient-de-mexico-sa-de-cv-toluca.pdf
Página [1] de [3]
CEDULA DE IDENTIFICACION FISCAL
PME940105NT9
Registro Federal de Contribuyentes
AVIENT DE MEXICO
Nombre, denominación o razón
social
idCIF: 14091123986
VALIDA TU INFORMACIÓN
FISCAL
CONSTANCIA DE SITUACIÓN FISCAL
Lugar y Fecha de Emisión
TOLUCA , MEXICO A 08 DE JUNIO DE 2021
PME940105NT9
Datos de Identificación del Contribuyente:
RFC: PME940105NT9
Denominación/Razón Social: AVIENT DE MEXICO
Régimen Capital: SOCIEDAD ANONIMA DE CAPITAL VARIABLE
Nombre Comercial:
Fecha inicio de operaciones: 05 DE ENERO DE 1994
Estatus en el padrón: ACTIVO
Fecha de último cambio de estado: 18 DE ENERO DE 1994
Datos de Ubicación:
Código Postal:50233 Tipo de Vialidad: AVENIDA (AV.)
Fijo Lada: 722 Número: 2790200
Página [2] de [3]
Actividades Económicas:
Orden Actividad Económica Porcentaje Fecha Inicio Fecha Fin
1 Otras industrias manufactureras 100 27/08/1999
Regímenes:
Régimen Fecha Inicio Fecha Fin
Régimen General de Ley Personas Morales 01/01/2014
Obligaciones:
Descripción de la Obligación Descripción Vencimiento Fecha Inicio Fecha Fin
Pago provisional mensual de ISR personas morales régimen
general
05/01/1994
Declaración anual de ISR del ejercicio Personas morales.
Si conoces algún posible acto de corrupción o delito presenta una queja o denuncia a través
de: www.sat.gob.mx, denuncias@sat.gob.mx, desde México: 01 (55) 8852 2222, desde el extranjero: 1 844 28 73 803, SAT móvil o
Página [3] de [3]
www.gob.mx/sfp".
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
Microsoft PowerPoint - AVNT Q3 2024 Earnings Presentation_10.29_12PM
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
O C T O B E R 3 1 , 2 0 2 4
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
FX +8.5%
FX -0.4%
Total Avient +8.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
COLOR, ADDITIVES & INKS SEGMENT
$487
$522
$89
$97
(in millions) (in millions)
7
+ 7%
(+8% excluding FX)
+ 9%
(+11% excluding FX)
18.3%
+40 bps *18.7%
*
* Adjusted EBITDA Margin %
• Sales growth driven by winning
new product specifications in
consumer & packaging, strong
underlying demand in healthcare
and improving demand in building
& construction
• Favorable mix and raw material
deflation contributed to EBITDA
margin expansion
SPECIALTY ENGINEERED MATERIALS SEGMENT
$268
$295
$51
$57
(in millions) (in millions)
8
• Sales growth driven by restocking
in healthcare & consumer end
markets and strong underlying
demand for composite
applications used in building &
construction, energy and defense
end markets
• Favorable mix contributed to
EBITDA margin expansion
+ 10%
(+10% excluding FX)
+ 12%
(+13% excluding FX)
19.0%
+40 bps *19.4%
*
* Adjusted EBITDA Margin %
2024 G U IDA N CE
FY 2024 GUIDANCE
Previous (Aug 6) Current
Adjusted EPS $2.55 to $2.70 $2.63 to $2.67
Adjusted EBITDA $515 to $540 million $525 to $530 million
Interest Expense $105 million $104 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures &
Investment in S/4 Hana
~$140 million ~$140 million
10
11
• Investor Day to be held December 4, 2024 at
the NYSE, beginning at 10AM
• The focus will be to do a deep dive on the
Company’s strategy
• Registration and microsite will be available in
early November
2024 AVIENT INVESTOR DAY
AP P EN D IX
18
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
20
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
21
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
22
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
23
BY END MARKET
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.
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 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
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 38.7 $ 5.1
Income tax expense (benefit) 11.3 (0.1)
Interest expense, net 26.9 30.3
Depreciation & amortization 45.1 46.4
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales 15.9 % 16.3 %
1
2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5
Specialty Engineered Materials 294.6 267.9
Corporate (0.9) (0.7)
Sales $ 815.2 $ 753.7
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5
Specialty Engineered Materials 36.4 30.3
Corporate (34.7) (60.5)
Operating income $ 77.2 $ 34.3
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6
Specialty Engineered Materials 20.7 20.5
Corporate 2.5 1.3
Depreciation & amortization $ 45.1 $ 46.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1
Specialty Engineered Materials 57.1 50.8
Corporate (32.2) (59.2)
Other (expense) income, net (0.3) 1.0
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.7 % 18.3 %
Specialty Engineered Materials 19.4 % 19.0 %
2
Year Ended
December 31, 2023
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
3
Avient Q3 Earnings Webcast Slides w_Appendix and Non-GAAP.pdf
2024 AVNT Q3 Webcast Slides w non-GAAP.pdf
Q3 Avient Webcast Slides with Non-GAAP Recs.pdf
Appendix Slides for webcast.pdf
IR Deck - AVNT-2024.09.30 - 10.30.24 3PM (002).pdf
Attachment