https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
Personal Values
Integrity.
And we’ve been even safer in 2020 thus far with an injury
rate as of June 30th of 0.18.
Part of this metric was omitted due to availability (direct and clear discussion that community
interests are stakeholder interests).
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
Personal Values
Integrity.
And we’ve been even safer in 2020 thus far with an injury
rate as of June 30th of 0.18.
Part of this metric was omitted due to availability (direct and clear discussion that community
interests are stakeholder interests).
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Personal Values
Integrity.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
F U T U R E G ROW TH I N E XC E S S
O F G D P I S D R I V E N B Y:
Our company is positioned to sustainably grow at a rate that
exceeds GDP.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• The impact of the COVID-19 pandemic has on our business, results from operations, financial condition and liquidity;
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
• Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
• Fluctuations in raw material prices, quality and supply and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to continue to pay cash dividends including at the increased rate;
• Our ability to consummate and successfully integrate acquisitions;
• An inability to raise or sustain prices for products or services;
• An ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisitions and integration, working capital reductions, cost reductions, and employee productivity goals;
• Information systems failures and cyber attacks; and
• Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
10
2 0 2 1 O U T L O O K
Synergies
($ millions)
Initial
Three-Year
Estimate
Revised
Three-Year
Estimate
2021
Expected
Realization
Administrative $ 18 $ 20 $ 15
Sourcing 24 30 15
Operational 18 25 5
Total Synergies $ 60 $ 75 $ 35
C L A R I A N T I N T E G R AT I O N &
C O S T S Y N ERG I E S U PDATE
12
• Integration going extremely well: synergy target increased from $60 million to $75 million
• $5 million of synergies in 2020 and expect to realize $35 million in 2021
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding
customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over
the long term
$86
$103
2020PF 2021E
$0.53
$0.70
2020PF 2021E
ORGANIC GROWTH PROJECTIONS – Q1
( T O TA L C O M PA N Y )
13
Sales Adjusted Operating Income
$991
$1,090
2020PF 2021E
+ 10%
Adjusted EPS
+ 20% + 32%
(in millions) (in millions)
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
$308
$360
2020PF 2021E
$1.93
$2.40
2020PF 2021E
ORGANIC GROWTH PROJECTIONS – FULL YEAR
( T O TA L C O M PA N Y )
14
Sales Adjusted Operating Income
$3,783
$4,100
2020PF 2021E
+ 8%
Adjusted EPS
+ 17% + 24%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1) (1)
(in millions) (in millions)
(1)
2020 Pro forma $3,783 $308
Sustainable Solutions 60 11% 24
Healthcare 60 11% 18
Composites 20 10% 10
Growth in Emerging Regions 50 7% 11
Other (GDP growth) 82 5% 11
Sub-total $4,055 7% $382
COVID Response Applications (25) - (11)
Outdoor High Performance Applications (15) - (7)
Asia Payroll Tax Subsidy (COVID) - - (4)
FX Impact 85 - 7
Synergies - - 30
Incentives, Travel, Other Employee Costs - - (37)
2021 Estimated $4,100 8% $360
2021 ORGANIC SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
15
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(2) COVID Response Applications: facemasks, personal protective equipment
Sales Growth Rate
Adjusted
Operating
Income$ millions
(1)
(2)
C A S H F LOW A N D L E V E R AGE
16
• Asset light business generates
significant free cash flow
• Cash generation in 2021 partially offset
by restructuring activities to capture
synergies associated with the Clariant
Masterbatch acquisition
• Cash flow deployed to M&A,
opportunistic share repurchases and
balance sheet / leverage reduction
3.5x
2.7x
2.1x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
($ millions) 2020 2021E
Adjusted EBITDA 382 510
Working Capital: Source / (Use) 116 (30)
Cash Taxes (40) (53)
Interest Paid (67) (76)
CapEx (62) (75)
CapEx for Synergy Capture (2) (20)
Restructuring for Synergy Capture (11) (25)
Other 22 19
Free Cash Flow 338 250
We sell solutions not commodities.
We also monitor earnings (defined as net income from continuing operations) before interest,
taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a
supplement to our GAAP measures.
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
The current macro environment presents several uncertainties related to policy, inflation,
foreign exchange and interest rates which provides for a broader set of potential outcomes for
the year,” Ms.
Conference call participants in the question and answer session should pre-register using the
link at avient.com/investors, or here, to receive the dial-in number and personal PIN.
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include, but are not limited to: disruptions, uncertainty or volatility in the credit
markets that could adversely impact the availability of credit already arranged and the
availability and cost of credit in the future; the effect on foreign operations of currency
fluctuations, tariffs and other political, economic and regulatory risks; disruptions or
inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in
jurisdictions where we conduct business, including with respect to plastics and climate change;
fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand
for our products and services; production outages or material costs associated with scheduled
or unscheduled maintenance programs; unanticipated developments that could occur with
respect to contingencies such as litigation and environmental matters; our ability to pay regular
quarterly cash dividends and the amounts and timing of any future dividends; information
systems failures and cyberattacks; our ability to service our indebtedness and restrictions on
our current and future operations due to our indebtedness; amounts for cash and non-cash
charges related to restructuring plans that may differ from original estimates, including because
of timing changes associated with the underlying actions; and other factors affecting our
business beyond our control, including without limitation, changes in the general economy,
changes in interest rates, changes in the rate of inflation, geopolitical conflicts and any
recessionary conditions.
https://www.avient.com/sites/default/files/2021-10/information-systems-use-policy-final-9.1.2021.pdf
Users shall store any personal files, notes, pictures, and emails in a separate and clearly
identifiable folder labelled “PERSONAL EMAIL” or “PERSONAL FILES” such that Personal
Data is always separate and readily distinguishable within Information Systems from Avient
Data or otherwise Confidential Data.
Personal Data” – any information relating to an identified or identifiable natural person as defined under
applicable law.
Personal Data additionally includes any non-Avient data of a private nature, such as login
information for personal email, social media, or subscription service accounts, personal documents, and
notes.
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
The ultra-lightweight
specialty fiber is 15 times stronger than steel and is used in demanding applications such as
ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial
protection and outdoor sports.
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include,
but are not limited to: the time required to consummate the acquisition of the Dyneema business;
the satisfaction or waiver of conditions in the purchase agreement; completion of the consultation
process with the relevant Dutch works council; the ability to obtain required regulatory or other
third-party approvals and consents and otherwise consummate the proposed acquisition of the
Dyneema business; our ability to achieve the strategic and other objectives relating to the
proposed acquisition of the Dyneema business and possible sale of the distribution business;
disruptions, uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged and the availability and cost of credit in the future; the effect
on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory
risks; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows; changes in polymer consumption growth rates and
laws and regulations regarding plastics in jurisdictions where we conduct business; fluctuations
in raw material prices, quality and supply, and in energy prices and supply; production outages
or material costs associated with scheduled or unscheduled maintenance programs;
unanticipated developments that could occur with respect to contingencies such as litigation and
environmental matters; an inability to raise or sustain prices for products or services; information
systems failures and cyberattacks; and other factors affecting our business beyond our control,
including without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation.
https://www.avient.com/company/policies-and-governance/email-fraud-information
Avient is dedicated to the security of your personal information.
Do not respond to any emails requesting sensitive personal information.
Reputable companies should never ask you to verify or update personal information online.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
The Board recognizes that some transactions, arrangements, and relationships present
a heightened potential for conflicts of interest (or the perception of conflicts of interest) and, therefore,
has adopted a written Related Person Transactions Policy (the “Policy”) governing these transactions.
Khandpur whose eligibility was pro-rated to
reflect his partial year of service.
For purposes of this table and
threshold level disclosure, we assumed that the lowest weighted portion of a metric achieved the threshold level of attainment.
https://www.avient.com/sites/default/files/2020-12/onflex-lo-hvac-flap-english.pdf
TIER 2 SUPPLIER
H V A C F L A P
• Eliminate post treatment heating of parts
to achieve required odor level
(≤3.0 VDA 270)
• Lowest VOC / FOG performance (VDA 278) at the same
compression set as previous material
• Reduced processing steps and lowered
energy costs for the molder
• Achieved targeted odor levels and met VOC
/ FOG performance and compression set
standards
OnFlex™ LO Thermoplastic Elastomer
WHY AVIENT?