https://www.avient.com/sites/default/files/2021-01/avient-colorants-sweden-ab-certificate-of-registration.pdf
e-Certificate of registration
Swedish Companies Registration Office
LIMITED COMPANY
D1a- 6064988
Registration number
Date of registration of the company
Document created on
Date of registration of current name
Page
556393-1020
1990-04-10
2020-11-30 14:53
2020-11-30
1 (2)
Registration number: 556393-1020
Business name: Avient Colorants Sweden AB
Address:
Box 9053
200 39 MALMÖ
Registered office: Malmö
Note:
The company is registered as a private limited company.
THE COMPANY WAS FORMED
1990-03-29
SHARE CAPITAL
Share capital...: SEK 3,200,000
Min.............: SEK 3,000,000
Max.............: SEK 12,000,000
Number of shares: 32,000
Min.............: 30,000
Max.............: 120,000
BOARD MEMBER, MANAGING DIRECTOR
660613-3954 Nilsson, Bo Patrik Joakim, Hovslagaregatan 13, 271 57 YSTAD
BOARD MEMBER, CHAIR OF THE BOARD
640503 Merklein, Norbert, Fichtenstrasse 20,
61476 KRONBERG IM TAUNUS, TYSKLAND
BOARD MEMBERS
750618-4089 Norén, Jenny Eva Kristina, Fårabäcksvägen 68, 212 91 MALMÖ
610322 Smeds, Jan-Håkan, Chämiweg 23, NEFTENBACH, TYSKLAND
AUDITORS
556029-6740 Öhrlings PricewaterhouseCoopers AB, Box 4009, 203 11 MALMÖ
Represented by: 710921-4689
PRINCIPALLY RESPONSIBLE AUDITOR
710921-4689 Olsson, Karin Maria, c/o PwC, 405 32 GÖTEBORG
SIGNATORY POWER
e-Certificate of registration
Swedish Companies Registration Office
LIMITED COMPANY
D1a- 6064988
Registration number
Date of registration of the company
Document created on
Date of registration of current name
Page
556393-1020
1990-04-10
2020-11-30 14:53
2020-11-30
2 (2)
The board of directors is entitled to sign.
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
You are advised to consult any further disclosures
we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the
Securities and Exchange Commission.
4
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP
financial measures.
Three Months Ended
March 31, 2022
Three Months Ended
March 31, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income attributable to Avient shareholders $ 84.2 $ 0.91 $ 79.3 $ 0.86
Special items, after tax (Attachment 3) 7.2 0.08 2.6 0.03
Adjusted net income / EPS - excluding special items $ 91.4 $ 0.99 $ 81.9 $ 0.89
6
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
March 31,
2022 2021
Sales $ 1,293.8 $ 1,162.3
Cost of sales 1,000.1 859.9
Gross margin 293.7 302.4
Selling and administrative expense 165.1 182.0
Operating income 128.6 120.4
Interest expense, net (16.9) (19.3)
Other (expense) income, net (0.6) 1.5
Income before income taxes 111.1 102.6
Income taxes (26.6) (22.9)
Net income 84.5 79.7
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income attributable to Avient shareholders $ 84.2 $ 79.3
Earnings per share attributable to Avient common shareholders - Basic $ 0.92 $ 0.87
Earnings per share attributable to Avient common shareholders - Diluted $ 0.91 $ 0.86
Cash dividends declared per share of common stock $ 0.2375 $ 0.2125
Weighted-average shares used to compute earnings per common share:
Basic 91.5 91.3
Diluted 92.3 92.2
7
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1) Three Months Ended
March 31,
2022 2021
Cost of sales:
Restructuring costs, including accelerated depreciation and amortization $ (4.4) $ (1.8)
Environmental remediation costs (2.0) (0.5)
Reimbursement of previously incurred environmental costs 0.6 4.5
Impact on cost of sales (5.8) 2.2
Selling and administrative expense:
Restructuring, legal and other 0.9 (1.3)
Acquisition related costs (2.9) (3.3)
Impact on selling and administrative expense (2.0) (4.6)
Impact on operating income (7.8) (2.4)
Other income, net 0.1 —
Impact on income before income taxes (7.7) (2.4)
Income tax benefit on above special items 2.0 0.9
Tax adjustments(2) (1.5) (1.1)
Impact of special items on net income attributable to Avient Shareholders $ (7.2) $ (2.6)
Diluted earnings per common share impact $ (0.08) $ (0.03)
Weighted average shares used to compute adjusted earnings per share:
Diluted 92.3 92.2
(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.
8
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
March 31, 2022
December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents $ 562.6 $ 601.2
Accounts receivable, net 757.9 642.3
Inventories, net 475.4 461.1
Other current assets 131.0 122.4
Total current assets 1,926.9 1,827.0
Property, net 661.9 676.1
Goodwill 1,283.4 1,286.4
Intangible assets, net 904.1 925.2
Operating lease assets, net 67.1 74.1
Other non-current assets 200.3 208.4
Total assets $ 5,043.7 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 607.5 $ 8.6
Accounts payable 642.3 553.9
Current operating lease obligations 21.7 24.2
Accrued expenses and other current liabilities 284.8 353.9
Total current liabilities 1,556.3 940.6
Non-current liabilities:
Long-term debt 1,250.2 1,850.3
Pension and other post-retirement benefits 98.5 100.0
Deferred income taxes 99.4 100.6
Non-current operating lease obligations 45.9 50.1
Other non-current liabilities 164.1 165.1
Total non-current liabilities 1,658.1 2,266.1
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,813.2 1,774.7
Noncontrolling interest 16.1 15.8
Total equity 1,829.3 1,790.5
Total liabilities and equity $ 5,043.7 $ 4,997.2
9
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Three Months Ended
March 31,
2022 2021
Operating Activities
Net income $ 84.5 $ 79.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 35.7 36.6
Accelerated depreciation and amortization 2.1 0.5
Share-based compensation expense 3.2 2.7
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (118.8) (137.6)
Increase in inventories (15.1) (35.1)
Increase in accounts payable 90.5 67.3
Decrease in pension and other post-retirement benefits (4.0) (7.1)
Decrease in accrued expenses and other assets and liabilities, net (59.2) (3.4)
Net cash provided by operating activities 18.9 3.6
Investing activities
Capital expenditures (13.3) (16.5)
Other investing activities — (2.0)
Net cash used by investing activities (13.3) (18.5)
Financing activities
Purchase of common shares for treasury (15.8) (4.2)
Cash dividends paid (21.7) (19.5)
Repayment of long-term debt (2.4) (2.3)
Payments of withholding tax on share awards (3.9) (3.1)
Net cash used by financing activities (43.8) (29.1)
Effect of exchange rate changes on cash (0.4) (11.0)
Decrease in cash and cash equivalents (38.6) (55.0)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of period $ 562.6 $ 594.5
10
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/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
The Governance and Corporate Responsibility Committee is responsible for
reviewing with the Board additional qualifications for directors, taking into account the
composition and skills of the entire Board.
Director Responsibilities
The members of the Board serve as representatives for and are accountable to the
Company’s shareholders.
Director Responsibilities
The members of the Board serve as representatives for and are accountable to the Company’s shareholders.
https://www.avient.com/news/avient-and-coloro-collaborate-offer-sustainable-fiber-colorants-dope-dyeing-global-fashion-textile-industry
No water is involved, and no wastewater is created, reducing the number of steps and, as a result, the amount of energy needed to add color.
As we now have over 300 well-known brands and retailers using our colors in the global supply chain, potentially creating millions of garments in Coloro colors, we see it as our responsibility to help them address and minimize emissions and pollution created through color application and processing.
A unique and material-independent system of 1.6 million color codes, including beautifully designed color tools for creatives, backed with technical solutions, services and data for the supply chain, providing the product design sector the freedom to create and execute color with total confidence.
https://www.avient.com/sites/default/files/2023-10/Flexi-StiX FlexSpring Case Study.pdf
Seeking to
create a more innovative and comfortable insole using
state-of-the-art materials, Gordon and his partner, Jeff
Milliman of Greenville Running Company, went to work.
Creating comfortable insoles for runners proved to
be more of a challenge than anticipated.
THE IMPACT
Using Polystrand composite materials, Flexi-StiX created
a high-performing insole capable of returning energy
for potentially faster running and improved overall run
experience.
https://www.avient.com/sites/default/files/2022-03/Fiber-Line Coating Selection Guide.pdf
FIBER-LINE™
PERFORMANCE
ENHANCING COATINGS
PRODUCT SELECTION GUIDE
FIBER-LINE™ COATING SELECTION GUIDE
COATING
Bondcoat™
Adhesion
Enhancing
Colorcoat™
Fiber Color
Packcoat™
Performance
Enhancing
Protexcoat™
UV Resistant
Swellcoat™
Blocker Water
Blocking
Swellcoat™
Water Absorbing
Wearcoat™
High Abrasion
Blockcoat™
Anti-Wicking
Repelcoat™
Water Repellant
Flamecoat™
Flame Resistant
FEATURES
• Created for
applications where
an untreated fiber
does not have the
ability to provide the
appropriate amount
of bonding
characteristics to
another material
• Provides adhesion to
another fiber or
substrate without
impacting other
performance
properties
• Improves adhesion
of the fiber to the
resin matrix it is
introduced into
• Enables industry
standard “burst”
tests or stringent
delamination
analysis
• Designed to achieve
vibrant colors for
safety, identification,
and aesthetics
• Specialized formulas
and binders adhere
the pigment to the
exterior of the
individual filaments,
while impregnating
deep into the fiber
bundle
• Available by Pantone
or RAL number
• Compatible with a
variety of composite
resins including
epoxy, polyurethane,
and polyethylene
• Stronger than
solution-dyed fibers
• Designed to add
lubricity and
temperature
resistance at the
filament level for
braided compression
packing
• Coating at the fiber
level versus the
finished braid
achieves higher %
level coating
• Fiber level coating
extends the life of
the braid and
reduces required
maintenance
• Various formulations
available
• PTFE, silicone,
graphite, and
mineral oil
• Created for high
performance fibers
that lack inherent
ultraviolet (UV)
resistance
• Coating impregnates
the individual fibers
with a specialized
resin for improved
UV protection
• Coating
enhancements
include UV inhibitors,
absorbers and
stabilizers
• Improves the
processing of the
product via reduced
filament snagging
and friction
• Low level water-
blocking finish for
any technical fiber or
textile substrate
• Provides water-
blocked strength
reinforcements for
dry cable designs
• Can absorb 5x to 15x
its weight in water
• Dust-free coating
imparts a very soft
fiber hand,
advantageous to
cable, rope, and
other textile
processes
• Patented technology
incorporates super
absorbent polymer (SAP)
suspended in a
proprietary resin matrix
• Used in the production
of ‘dry-dry’
telecommunications,
electromechanical,
seismic, umbilical and
power cables
• Can absorb up to 100x
its weight in water
• Creates a stable gel
when exposed to water
• Functionally replaces
flooding compounds,
filling gels, spun SAF
yarns, and water
blocking tapes
• Enables faster, more
economical and robust
cable manufacturing
• Increases durability and
abrasion resistance by
encapsulating filaments
in the fiber bundle
• Extends the life of the
product by reducing the
effects of friction and
yarn on yarn abrasion
• Protects the fiber
from degradation and
filamentation
• Ideal for high abrasion
and high friction
applications in a range
of fiber constructions
and environments
• Wicking refers to the
tendency of a yarn
or other fiber to draw
moisture into filaments
via capillary action
• Coatings designed to
prevent moisture from
wicking within and
between fibers and
strands
• Protects Wire or Optical
Fiber from damaging
effects of moisture,
which can cause a drop
in signal and attenuation
• Hydrophobic additives
used to promote and
enhance water
repellancy in industrial
applications
• Creates a waterproof
barrier that prevents
moisture from further
migration
• Applied at various %
levels to optimize for
water-proof ratings
• Designed to inhibit or
slow the spread of
fire/flame
• Coupled to fibers with
inherent flame and
thermal resistance to
boost performance
• Added to fibers with
weak flame resistance
to improve burn rating
SUITABLE
FIBERS
• Technora® Fiber
• UHMWPE
• Graphite Fiber
• PTFE Fiber
• Technora® Fiber
• PET Polyester
(All shrinks)
• UHMWPE
• Vectran® LCP
• Technora® Fiber
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• UHMWPE
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• Vectran® LCP
• PET Polyester
(All shrinks)
PRODUCTS
• Belt & Hose
Reinforcement Yarn
• Braided compression
rings and seals
• Valve stem packing
• Pump packing
• Filler Yarn
• Synthetic Wire Rope
• Buffer Thread
• Filler Yarn
• FRP Rod
• Synthetic Wire Rope
Kevlar® and Nomex® are trademarks of DUPONT SAFETY & CONSTRUCTION, INC.
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-non-phthalate-plastisols
These additives are created to enhance bioplastics so you can continue delivering top-end products to the market.
Create adhesive automotive decals, pin striping and labels for a range of signage applications
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/rejoin-pcr-colorants
Colorant and additive masterbatches created with virgin resin, however, means a package does not reach the full 100% PCR goal.
It combines pigments and functional additives into one solution without creating a negative impact on color or mechanical properties.
https://www.avient.com/services/colorforward-color-trend-forecasting-tool
Create high-impact color concepts faster and more efficiently with the expertise of our ColorWorks Design and Technology Centers.
Create high impact color concepts faster and more efficiently with the color collaborative design service of our global ColorWorks network.
https://www.avient.com/knowledge-base/article/less-wear-more-wow
There’s just one problem: all of that increased usage creates greater wear on components.
There goes the premium customer experience you’re trying to create.