Printing and Marking Inks
https://www.avient.com/sites/default/files/2024-11/Avient Wire _ Cable Industry Bulletin.pdf
DURABILITY
Extended Life, Chemical Resistance,
High & Low Temperature Performance,
Flexibility, UV Stability, Tensile Strength
SOLUTIONS: Cross-Linkable Formulations,
UV & Light Blocking Additives,
High-Temperature Crosslinked Formulations
REGULATORY SPECIFICATIONS
Quality Assurance, UL, CSA, CPR Compliant
SOLUTIONS: Flame Retardants & Compliant Colorants,
Product Authentication Technologies,
Flame Retardant Engineered Polymers,
LSFOH Flame Retardant Formulations
PROCESSING EFFICIENCY
Reduced Part Weight, High Extrusion Speeds,
Ambient Curing
SOLUTIONS: Cross-Linkable Formulations,
Chemical Foaming Agents & Additives,
Processing Enhancement Additives,
IMPROVED SAFETY
Flame Performance, Property Protection,
Heat & Chemical Resistance
SOLUTIONS: Flame Retardant Engineered Polymers,
Wire & Cable Colorants, Antimicrobial Additives,
POWER CABLES
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/cesa-light-additives
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-crosslinked-formulations
DURABILITY & AESTHETICS
Extended Life, High Material Flexibility, Chemical Resistance,
UV Stability, Tensile Strength, Laser Markable Colors
Colorants for Wire & Cable, UV & Light Blocking Additives,
Antimicrobial Additives, Laser Marking Additives
FIRE SAFETY
Flame & Fire Performance, Low Dripping,
Property Protection,
Heat & Chemical Resistance
SOLUTIONS: Flame Retardant Additives,
REGULATORY SPECIFICATIONS
BEAD, UL, CSA, and CPR Compliant,
Quality Assurance
SOLUTIONS: Engineered Fiber Products,
Flame Retardants & Compliant Colorants,
Product Authentication Technologies,
LOW SMOKE & FUME NON-HALOGEN (LSFOH)
High Flame Retardancy, Low Smoke, Fume,
Corrosiveness & Toxicity, Smoke Mitigation
SOLUTIONS: LSFOH Flame Retardant Formulations,
Non-Halogenated FR Additives
DATA
CABLES
SPEED & EFFICIENCY
Faster Deployment, Lower Labor & Manufacturing Cost,
High Extrusion Speeds
SOLUTIONS: Chemical Foaming Agents & Additives,
Processing Enhancement Additives, Laser Marking Additives,
Water Blocking & Absorbing Yarn, Ripcords for Fiber Optic Cable
ELECTRIC & THERMAL MANAGEMENT
Low-Dielectric Performance, FEP Alternative,
Data Integrity, Data Performance
Flame Retardants & Compliant Colorants,
LIGHTWEIGHTING
Dielectric Strength Members,
Weight Reduction
SOLUTIONS:
Chemical Foaming Agents & Additives,
Synthetic Fiber Strength Members,
Water Blocking & Absorbing Yarn
HIGH-TEMPERATURE SOLUTIONS
Pre-Colored Formulations, Laser Markable Colors,
Standard & Custom Colors, Conductivity
SOLUTIONS: High-Temperature Colorants & Pre-colored Solutions,
High Temperature Marking Inks, Colorants & Additives,
Conductive High-Temperature Formulations
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-marking-inks
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/colorant-chromatics-conductive-formulations-0
POWER CABLES
Cross-Linkable Formulations
Syncure™ XLPE Cross-linkable Polyethylene Formulations
ECCOH™ XL Cross-Linkable Formulations
Colorant Chromatics™ Crosslinked Formulations
UV & Light Blocking Performance
UV & Light Blocking Additives
ECCOH™ LSFOH UV Formulations
Chemical Foaming Agents & Additives
Excelite™ Chemical Foaming Additives
Hydrocerol™ Chemical Foaming Agents
Processing Enhancement Additives Cesa™ Processing Additives
Cesa™ Laser Additives
Colorant Chromatics™ UV Laser Marking Technology
Flame Retardants & Compliant Colorants
Cesa™ Flame Retardant Additives
OnColor™ UL 94 Colorants
Product Authentication Technologies Cesa™ Percept™ Authentication Technologies
Syncure™ XLPE Cross-linkable Polyethylene Formulations
ECCOH™ Low Smoke and Fume Non-Halogen Formulations
ECCOH™ XL Cross-Linkable Formulations
Wire & Cable Colorants OnColor™ Colorants for Wire & Cable
Antimicrobial Additives Cesa™ WithStand™ Antimicrobial Additives
Electrical Performance Additives Electrical Performance Additives
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-xl-cross-linkable-solutions
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-crosslinked-formulations
https://www.avient.com/products/polymer-additives/foaming-agents/excelite-chemical-foaming-additives
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-laser-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul-94-colorants
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-xl-cross-linkable-solutions
DATA CABLES
ECCOH™ Low Smoke and Fume Non-Halogen Formulations
Maxxam™ FR Flame Retardant Polyolefin Formulations
Maxxam™ SY Foamable Flame Retardant Formulations
UV & Light Blocking Performance
UV & Light Blocking Additives
ECCOH™ LSFOH UV Formulations
Chemical Foaming Agents & Additives
Excelite™ Chemical Foaming Additives
Hydrocerol™ Chemical Foaming Agents
Processing Enhancement Additives Cesa™ CTR Additives
Cesa™ Laser Additives
Colorant Chromatics™ UV Laser Marking Technology
Ripcords for Fiber Optic Cable Fiber-Line™ Ripcords
Water Blocking & Absorbing Yarn Swellcoat™ Water Blocking & Absorbing Yarn
Flame Retardants & Compliant Colorants
Cesa™ Flame Retardant Additives
OnColor™ UL 94 Colorants
Product Authentication Technologies Cesa™ Percept™ Authentication Technologies
Engineered Fiber Products Fiber-Line™ Engineered Fibers
Synthetic Fiber Strength Members Fiber-Line™ Synthetic Fiber Strength Members
Antimicrobial Additives Cesa™ WithStand™ Antimicrobial Additives
Colorants for Wire & Cable OnColor™ Colorants for Wire & Cable
Cesa™ Conductive Additives
Cesa™ Stat Antistatic Additives
LSFOH Flame Retardant Formulations ECCOH™ Low Smoke and Fume Non-Halogen Formulations
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
DATA CABLES
Non-Halogenated FR Additives Cesa™ Flame Retardant Additives
Colorants & Additives
Smartbatch™ Combination Colorants & Additives
OnColor™ Colorants for Wire & Cable
High-Temperature Colorants &
Pre-Colored Solutions
Colorant Chromatics™ ECTFE/ETFE Colorants
Colorant Chromatics™ FEP Colorants
Colorant Chromatics™ PEEK and PEI-Siloxane (SILTEM™ resin)
Colorants & Pre-colored Solutions
Colorant Chromatics™ PFA/MFA Colorants
Colorant Chromatics™ PVDF Colorants
Colorant Chromatics™ Reinforced Formulations
High-Temperature Marking Inks Colorant Chromatics™ Marking Inks
Conductive High-Temperature Formulations Colorant Chromatics™ Conductive Formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-sy-foamable-flame-retardant-formulations
https://www.avient.com/products/polymer-additives/foaming-agents/excelite-chemical-foaming-additives
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-ctr-additives
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-laser-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul-94-colorants
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
https://www.avient.com/products/polymer-additives/electrical-performance-additives/cesa-conductive-additives
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-stat-antistatic-additives
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-combination-colorants-additives
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-ectfe/etfe-colorants
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-fep-colorants
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/colorant-chromatics-peek-and-pei-siloxane-colorants-pre-colored-solutions
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pfa/mfa-colorants
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pvdf-colorants
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-reinforced-formulations-0
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-marking-inks
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/colorant-chromatics-conductive-formulations-0
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
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.
Garratt
Senior Vice President &
Chief Commercial Officer
João José San Martin Neto
Senior Vice President and
Chief Human Resources Officer
Cathy Dodd
Vice President
Marketing
Mark Crist
Senior Vice President,
President of Color, Additives & Inks
Lisa Kunkle
Senior Vice President,
General Counsel & Secretary
Chris Murphy
Vice President,
Research & Development,
Chief Innovation Officer
T H E L E A D E R S B E H I N D T H E T E A M
PolyOne Corporation 6
Robert M.
Investor Day Deck - Web
Investor Day
Forward �Looking �Statements
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
USE OF �NON-GAAP�MEASURES
Investor Day Agenda May 10, 2018
The Leaders Behind the Team
Introduction
Historic Past
Sustainability AT PolyOne
Safety First
the PolyOne Academy
Sustainably Impacting diverse End Markets
Products and Portfolio Optimization
OUR PLANET
Sustainability AT PolyOne
Adjusted EPS Expansion
Early years defined by Specialty �mix improvement
Commodity Pruning �Held Organic Sales Flat
Investment in Commercial Resources Driving Results
Sustainable Path to Double-Digit EPS Growth
Raising the Bar�ROIC drives shareholder return
Commercial Excellence
STRATEGIC INVESTMENT IN 3 KEY AREAS
Key Commercial Investments
New Resources Fueling the Future
Aligning with trends for Growth
Innovation
3 Horizons of Development
3 Horizons of Development
3 Horizons of Development
Innovation Pipeline
Innovation Drives Earnings Growth
IQ DESIGN LABS
3D Printing�Bringing New ideas to life
LSS CUSTOMER FIRST
The Evolving Customer Relationship
Slide Number 37
Inspired future
Innovating with PolyOne
PolyOne Distribution
DISTRIBUTION
Service is our business
Service is our business
Key Commercial Investments
Growth through Inside Sales
Growth through Multiple Sales Channels
New Resources Fueling the Future
Inspired future
Specialty Engineered Materials
Specialty Engineered Materials
Specialty Engineered Materials
Capitalizing on the global market
STRATEGIC INVESTMENT IN 3 KEY AREAS
Key Commercial Investments
New Resources Fueling the Future
growth Through Service
Innovation Spotlight: Composites
Composites Refresher
Strategic Investment History
COMPOSITES in Transportation
Slide Number 61
Inspired future
Performance Products �& Solutions
Performance Products & Solutions
Performance Products & Solutions
STRATEGIC INVESTMENT IN 3 KEY AREAS
Key Commercial Investments
New Resources Fueling the Future
Growth Through Service
Growth Through Service
Innovation Spotlight: �Flame Retardant�Polymers
FLAME RETARDANT �DRIVERS
Flame Retardant Performance Spectrum
LED Solutions
Inspired future
Color Additives�& Inks
COLOR, ADDITIVES & INKS
Color, Additives & Inks
Capitalizing on the global market
STRATEGIC INVESTMENT IN 3 KEY AREAS
Key Commercial Investments
New Resources Fueling the Future
Growth Through Service
Innovation Spotlight: Additive & Colorant�Technologies
Barrier Technologies
Fiber Colorants
Strategic Investment History
Slide Number 88
Slide Number 89
COLORMATRIX SELECT™
Enabling the Customer
Slide Number 92
Inspired future
M&A Review
Over a decade of successful specialty acquisitions
Invest-to-Grow Strategy
Invest-to-Grow Playbook
Invest-to-Grow Proof of performance
Invest-to-Grow Proof of performance
Invest-to-Grow Driving the future
Invest-to-Grow Driving the future
Strong Pipeline�driven by fragmented Market
Summary
Financial Review
Adjusted EPS Expansion
Strategic cash deployment
Proof of Performance �Expanding Margins & ROIC
Investment in Commercial Resources Driving Results
Sustainable Path to Double-Digit EPS Growth
ROIC drives shareholder return
ROIC drives shareholder return
Conclusion
Investor Presentation - May 2018 Non-GAAP
Investor Presentation - March 2018
https://www.avient.com/sites/default/files/2023-06/2023 Paddlesports Application Graphic.pdf
STRENGTH & FLEX
Excellent Dimensional Stability,
High Stiffness, Impact Resistance
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber
Composite Tapes & Laminates
DURABILITY
Density, Stiffness, Strength
SOLUTION: Short & Long Fiber
Formulations
SURFACE PROTECTION
Performance Enhancements, Chemical Resistance
SOLUTION: Scratch & Mar Resistance,
UV Stable Additives
TACTILE EXPERIENCE
Soft Touch, Slip Resistance
SOLUTION: Thermoplastic
METAL REPLACEMENT
High Stiffness-to-Weight Ratio,
Lightweighting, Buoyancy
SOLUTION: Continuous Filament
Winding Technology
EXTREME
PERFORMANCE
Waterproof Seals
& Closures
SOLUTION: Thermoplastic
DYNAMIC COMFORT
Durability, Customization,
Shock Absorption
SOLUTION: Thermoplastic
Elastomers
COLOR RESILIENCE
Excellent Adhesion
to Substrates,
Weatherability
SOLUTION: Plastisol
Textile Inks
FUNCTIONALITY
High Stiffness, Structural Integrity, Metal
Replacement
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber Composite
Tapes & Laminates
AESTHETIC APPEAL
Custom Colors, Patterns
& Tones
SOLUTION: Custom Polymer
Colorants, Specialty Additives
RESILIENCE
Weatherability, Longevity
SOLUTION: Specialty
Engineered Polymer
Formulations
For more on material solutions for outdoor equipment,
visit avient.com/outdoor.
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
http://www.avient.com/products/screen-printing-inks
http://www.avient.com/products/screen-printing-inks
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
http://www.avient.com/products/polymer-colorants
http://www.avient.com/products/polymer-colorants
http://www.avient.com/products/polymer-additives
http://www.avient.com/outdoor
http://www.avient.com/outdoor
https://www.avient.com/sites/default/files/2024-12/Norbert - Bio 2024.pdf
NORBERT MERKLEIN
Vice President and General Manager EMEA of Color, Additives & Inks
Norbert Merklein serves as Vice President and General Manager for the Europe, Middle
East, and Africa (EMEA) region of Color, Additives & Inks at Avient Corporation, an innovator of
materials solutions that help customers succeed while enabling a sustainable world.
https://www.avient.com/sites/default/files/2021-06/plastisol-storage-handling-technical-bulletin.pdf
The frequency of
the need for re-mixing will typically vary between
1 week and 1 month.
A visual examination of the plastisol is key in
determining the proper re-mixing frequency, or if
separation has occurred.
The visual appearance of
a clear surface layer, or the formation of sediment
on the bottom of the container, is an indication that
separation has occurred and the plastisol needs
to be re-mixed.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Sales:
Color, Additives and Inks $ 581.3 $ 525.8 $ 2,401.6 $ 1,502.9
Specialty Engineered Materials 228.2 190.6 918.9 708.8
Distribution 425.0 305.1 1,630.9 1,110.3
Corporate and eliminations (33.0) (24.5) (132.6) (79.9)
Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1
Gross margin:
Color, Additives and Inks $ 164.5 $ 164.3 $ 727.5 $ 484.4
Specialty Engineered Materials 60.0 59.1 257.4 207.6
Distribution 36.5 32.4 155.8 124.0
Corporate and eliminations (7.9) (2.9) (41.1) (31.7)
Gross margin $ 253.1 $ 252.9 $ 1,099.6 $ 784.3
Selling and administrative expense:
Color, Additives and Inks $ 103.3 $ 106.8 $ 424.4 $ 303.6
Specialty Engineered Materials 31.2 28.7 125.4 113.2
Distribution 14.8 14.4 62.6 54.5
Corporate and eliminations 29.8 38.0 106.0 123.7
Selling and administrative expense $ 179.1 $ 187.9 $ 718.4 $ 595.0
Operating income:
Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8
Specialty Engineered Materials 28.8 30.4 132.0 94.4
Distribution 21.7 18.0 93.2 69.5
Corporate and eliminations (37.7) (40.9) (147.1) (155.4)
Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3
13
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
Reconciliation of Pro Forma Adjusted Earnings per Share:
Year Ended
December 31, 2020
Net income from continuing operations attributable to Avient shareholders $ 132.0
Special items, after tax 24.8
Adjusted net income from continuing operations excluding special items 156.8
Clariant Color pro forma adjustments to net income from continuing operations(2) 20.7
Pro forma adjusted net income from continuing operations attributable to Avient
shareholders $ 177.5
Weighted average diluted shares 90.6
Pro forma impact to diluted shares from January 2020 equity offering(2) 1.5
Pro forma weighted average diluted shares 92.1
Adjusted EPS - excluding special items pro forma for Clariant Color acquisition $ 1.93
Year Ended
December 31, 2020
Sales $ 3,242.1
Clariant Color pro forma adjustment to sales(2) 540.4
Pro forma sales $ 3,782.5
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
15
Reconciliation of Earnings Before Interest, Taxes, Depreciation
and Amortization (EBITDA) by Segment
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Operating income:
Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8
Specialty Engineered Materials 28.8 30.4 132.0 94.4
Distribution 21.7 18.0 93.2 69.5
Corporate and eliminations (37.7) (40.9) (147.1) (155.4)
Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3
Items below OI in Corporate:
Other income, net $ (5.4) $ 11.7 $ (1.3) $ 24.3
Depreciation & amortization:
Color, Additives and Inks $ 26.4 $ 27.3 $ 105.7 $ 75.1
Specialty Engineered Materials 8.0 7.4 31.7 30.0
Distribution 0.2 0.3 0.8 0.7
Corporate and eliminations 3.6 2.8 7.7 9.3
Depreciation & Amortization $ 38.2 $ 37.8 $ 145.9 $ 115.1
EBITDA:
Color, Additives and Inks $ 87.6 $ 84.8 $ 408.8 $ 255.9
Specialty Engineered Materials 36.8 37.8 163.7 124.4
Distribution 21.9 18.3 94.0 70.2
Corporate and eliminations (39.5) (26.4) (140.7) (121.8)
EBITDA $ 106.8 $ 114.5 $ 525.8 $ 328.7
16
Reconciliation of Pro Forma Sales, Operating Income and EBITDA - Color, Additives and Inks
Year Ended
December 31, 2020
Sales:
Color, Additives and Inks $ 1,502.9
Clariant Color pro forma adjustments(2) 540.4
Pro forma sales $ 2,043.3
Operating income:
Color, Additives and Inks $ 180.8
Clariant Color pro forma adjustments(2) 45.0
Pro forma operating income $ 225.8
Depreciation & amortization:
Color, Additives and Inks $ 75.1
Clariant Color pro forma adjustments(2) 30.1
Pro forma depreciation & amortization $ 105.2
EBITDA:
Color, Additives and Inks $ 255.9
Clariant Color pro forma adjustments(2) 75.1
Pro forma EBITDA $ 331.0
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Three Months Ended
December 31,
Year Ended
December 31,
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA: 2021 2020 2021 2020
Net income from continuing operations – GAAP $ 28.9 $ 74.7 $ 230.6 $ 133.8
Income tax expense (benefit) 22.2 (17.3) 74.0 5.2
Interest expense 17.5 19.3 75.3 74.6
Depreciation and amortization from continuing operations 38.2 37.8 145.9 115.1
EBITDA $ 106.8 $ 114.5 $ 525.8 $ 328.7
Special items, before tax 20.6 4.2 57.1 66.2
Interest expense included in special items — — (10.1)
Depreciation and amortization included in special items (1.6) (0.7) (1.7) (3.2)
Adjusted EBITDA $ 125.8 $ 118.0 $ 581.2 $ 381.6
Clariant Color pro forma adjustments(2) — — — 75.1
Pro forma adjusted EBITDA $ 125.8 $ 118.0 $ 581.2 $ 456.7
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
17
Net Debt Calculation December 31, 2021
Total long-term debt, net $ 1,850.3
Unamortized discount and debt issuance cost 14.4
Short-term and current portion of long term debt 8.6
Total debt $ 1,873.3
Cash (601.2)
Net debt $ 1,272.1
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Critical%2520Imperatives.pdf
Page 102
Critical Imperatives – Medium to Long Term
• Continue cultural and paradigm shift from
commodity compounder to collaborative formulator
as One PolyOne
• Accelerate innovation and leverage megatrends to
improve our mix of business with higher-margin improve our mix of business with higher-margin
specialty products
• Increase specialty contribution and advance
globalization via acquisitions
• Drive relentless execution and creative innovation as
key competitive differentiators
Page 103
2011
Proforma ColorMatrix
2015 Target
“Where we are” “Where we expect to be”
1) Operating Income %
Specialty 8.9%
PP&S 7.2%
12 – 16%
9 – 12%
Elevating our Expectations and Yours
PP&S 7.2%
Distribution 5.6%
2) Specialty Platform
% of Operating Income
50%
3) ROIC* (after-tax) 10%
4) Adjusted Annual
EPS Growth
3 yr CAGR = 71%
9 – 12%
6 – 7.5%
65 – 75%
15%
Double Digit Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 104
https://www.avient.com/sites/default/files/2020-07/woonkeatmoh_0.pdf
WOON KEAT MOH
Senior Vice President, President Color, Additives & Inks–Americas and Asia
Woon Keat Moh (“Moh”) is senior vice president, president, Color, Additives & Inks, Americas
and Asia regions for Avient Corporation, a premier provider of specialized and sustainable
material solutions and services.
https://www.avient.com/investor-center/news/polyone-announces-promotion-robert-t-bindner-president-performance-products-solutions
predecessor company BF Goodrich in 1988 and thereafter ascended in his career through various sales and commercial roles of increasing responsibility – in PP&S; Color, Additives & Inks; and Distribution.