https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2023 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income (loss) from continuing operations attributable to Avient
shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19)
Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42
Amortization expense, after-tax 15.0 0.16 14.6 0.16
Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39
(1) Per share amounts may not recalculate from figures presented herein due to rounding
2023 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90
Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26
Amortization expense, after-tax 61.5 0.67 49.0 0.53
Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69
(1) Per share amounts may not recalculate from figures presented herein due to rounding
1
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA 2023 2022 2023 2022
Sales - GAAP $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Pro forma APM adjustments — — — 256.1
Pro forma adjusted sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,653.0
Net income (loss) from continuing operations – GAAP $ 27.6 $ (16.6) $ 76.3 $ 83.1
Income tax (benefit) expense (7.0) (60.8) 11.0 (19.3)
Interest expense 26.8 49.4 115.3 119.8
Depreciation and amortization from continuing operations 44.2 48.6 188.8 162.5
EBITDA from continuing operations $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items, before tax 22.4 104.3 114.6 194.0
Interest expense included in special items (0.1) (16.0) (2.3) (26.0)
Depreciation and amortization included in special items — (1.5) (1.9) (5.5)
Adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
Pro forma adjusted EBITDA as a percent of sales 15.8 % 13.6 % 16.0 % 16.2 %
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
Three Months
Ended Year Ended
Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ 82.8
Special items, after tax 38.3 116.2
Amortization expense, after-tax 14.6 49.0
Adjusted net income from continuing operations excluding special
items 35.9 248.0
Pro forma adjustments* 2.5 13.6
APM pro forma amortization expense, after-tax* — 19.1
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4 $ 280.7
Weighted average diluted shares 91.7 92.2
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42 $ 3.04
* 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.
Three Months Ended
Year Ended
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-sv-a4.pdf
Dessa lagar
återspeglar övertygelsen om att konkurrenskraftiga
marknader tillhandahåller de bästa produkterna och
tjänsterna till de lägsta priserna för konsumenterna.
Dessutom har de flesta andra länder sina egna antitrust-
eller konkurrenslagar.
De antitrustproblem som tas
upp i denna policy gäller generellt de flesta antitrust-
och konkurrensrelaterade lagar runtom i världen.
https://www.avient.com/sites/default/files/2020-07/onflex-interior-trays-spanish.pdf
OnFlex - Interior Trays - Spanish
PROVEEDOR TIER 2
B A N D E J A S I N T E R I O R E S
• Un material con bajo FOG y olor bajo
• Acabado semi-mate
• Facilidad de procesamiento
• Permitió un procesamiento más sencillo
que el existente TPE-V
• Se eliminó el paso de pre-secado y el
material se entregó pre-coloreado, lo que
mejoró la eficiencia del proceso
• Cumple con las necesidades de bajo FOG
(≤2 mg) y poco olor (≤3.0), con acabado
semi-mate
OnFlex™ S EH 80A-3S7005
REQUERIMIENTOS CLAVE
SOLUCIÓN AVIENT
CUMPLE CON LAS NORMAS VIAQ
MÁS INFORMACIÓN
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
Just a few months ago, we completed the acquisition of the Clariant Masterbatch
business, the largest acquisition in the 20-year history of our company.
We then de-lever back
below 3.0x within two years.
Such is the case with the Clariant
Masterbatch acquisition, where
strong free cash flow will allow us to
de-lever quickly.
19
AVIENT IS MODESTLY LEVERED
1.
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Just a few months ago, we completed the acquisition of the Clariant Masterbatch
business, the largest acquisition in the 20-year history of our company.
We then de-lever back
below 3.0x within two years.
Such is the case with the Clariant
Masterbatch acquisition, where
strong free cash flow will allow us to
de-lever quickly.
19
AVIENT IS MODESTLY LEVERED
1.
https://www.avient.com/sites/default/files/2021-05/constancia-de-situacion-fiscal-mx97-avient-2021-05_0.pdf
https://www.avient.com/sites/default/files/2020-07/avient-abac-canada-200720.pdf
Politique mondiale de lutte contre la corruption d’Avient Date de publication : 1er juillet 2020 Table des matières Notre Politique mondiale de lutte contre la corruption 1 Importance de la conformité 1 Notre responsabilité 1 Qu’est-ce qu’un pot-de-vin ?
Les pots-de-vin peuvent comprendre : • des espèces et des quasi-espèces (cartes-cadeaux ou chèques-cadeaux); • des cadeaux, des divertissements, des marques d’hospitalité lorsqu’il n’y a pas d’objectif commercial clair ou lorsqu’ils dépassent les besoins commerciaux raisonnables de l’entreprise; • le paiement de frais de déplacement ou l’offre de vacances; • le fait de payer un représentant du gouvernement afin qu’il ignore une exigence douanière applicable ou qu’il accélère un remboursement d’impôt; • des services, des faveurs, des prêts personnels; • des offres d’emploi ou d’autres avantages à un membre de la famille ou à un ami de la personne; • des contributions à des partis politiques et des candidats; • des dons de bienfaisance et des commandites.
Dans certaines situations, le fait d’éviter des paiements de facilitation ou des dessous-de-table pourrait mettre en danger la sécurité personnelle de nos associés (ou de leur famille).
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Reciprocal Dealing—Any agreement with a customer
that says, “I will buy from you provided that you buy
from me
Francisco
Nakasato, 1700
13295-000 Itupeva
Sao Paulo, Brazil
Telephone: +55 11 4593 9200
Europe
Pommerloch, Luxembourg
19 Route de Bastogne
Pommerloch, Luxembourg,
L-9638
Telephone: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
http://www.avient.com
Quick Reference: Antitrust DO’s and DON’Ts
Antitrust Checklist
Protection from Retaliation
Avient Ethics Hotline
Conclusion
Antitrust Potential Areas of Concern
Antitrust Law Violations
An Overview of U.S.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Spanish.pdf
Aviente no participa en prácticas automatizadas de toma de decisiones ni de elaboración de perfiles.
Los datos de contacto
de las autoridades de protección de datos están disponibles aquí.
Fecha de entrada en vigor: 1 de agosto de 2020
https://www.avient.com/sites/default/files/2021-09/supplier-code-of-conduct-fr.pdf
La mise en œuvre
de ces normes en termes de performance des fournisseurs est importante pour nous, et nous attendons de nos fournisseurs
et partenaires commerciaux qu’ils communiquent ces attentes tout au long de leur chaîne d’approvisionnement en adoptant
des systèmes de gestion, des politiques, des procédures et une formation efficaces pour respecter les normes et les attentes
énoncées dans ce code de conduite des fournisseurs au sein de leurs opérations commerciales.
S’abstenir d’offrir de l’argent, des prêts, des crédits,
des remises préjudiciables, des cadeaux, des produits
ou des services à des collaborateurs d’Avient pour
leur usage ou leur avantage personnel.
Éviter les conflits d’intérêts qui impliquent des relations
commerciales avec des membres de la famille et des
amis personnels proches chez Avient.