https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Each of such adjustments has not yet occurred, are out of the Company's control and/or cannot be reasonably predicted.
As a result, revenue from sustainable solutions has increased at an organic compounded annual growth rate of 9% from 2016-2019.
These sales not only yield value for our shareholders, but also for the planet through the eight key areas where our material science has the most impact.
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
Where there is a need for new internal standards or updates to existing ones, working groups comprised of regional and corporate EH&S experts are established.
Being involved with HYPE has been a very rewarding experience.
Our suppliers conducted a best-in-class self-assessment utilizing EcoVadis on environmental, social and governance requirements aligned with the UN Global Compact principles.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Each of such adjustments has not yet occurred, are out of the Company's control and/or cannot be reasonably predicted.
Whether an additional line at an existing manufacturing plant, or a new facility in a growing region, we ramp-up quickly and cost-efficiently.
Over the last 10 years, our multiple has expanded as we have progressed in our portfolio transformation.
https://www.avient.com/investor-center/news/avient-expands-sustainable-solutions-portfolio-acquisition-magna-colours-ltd
NYSE: AVNT), a global provider of specialized and sustainable material solutions, today announced it has acquired
existing specialty inks portfolio, alongside prominent brands such as Wilflex® and Rutland®.
Magna has pioneered the development of next-generation water-based ink technology that provides innovative and high-performance solutions for leading brands and screen printers.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_HUN2.pdf
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Ha bármilyen kérdése lenne, forduljon a Humánerőforrás vezetőhöz.
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Each of such adjustments has not yet occurred, are out of Avient’s control and/or cannot be reasonably predicted.
Annual Purchases RAW MATERIAL AND SUPPLY CHAIN UPDATE Based on 2021 purchases, excludes Distribution business DYN E E MA ACQ U I S I T I O N 32 15x stronger than steel Reduces weight by 30% vs. other solutions Well-maintained global asset base poised to serve growing demand • Purchase price of $1.48B represents 11.4x multiple of 2022 EBITDA • Acquisition will expand Avient’s composites and fiber portfolio with Dyneema®, the World’s Strongest Fiber™ • $415M sales and 30%+ EBITDA margins; Immediately accretive to pro forma 2022 EPS, adding $0.35 • 1,300 patents globally, ~50% of sales patent protected • 1,000+ employees across global production network and dedicated technology centers • Composites platform will increase from $261M to $680M in revenue and from $49M to $180M in EBITDA Indicates Dyneema® location $175M (42%) $65M (16%) $175M (42%) 2022E Sales By Region ($M) (1) $0.35 EPS excludes intangible amortization (2) Based on 2022 expected results (1) (2) (2) FIT WITH FOUR PILLAR STRATEGY 33 Specialization • Innovation-led organization with tremendous intellectual property value in trademarks, patents and “know-how” • Deep history of application development and premium, leading brand with the World’s Strongest FiberTM Globalization • Global customer base with an established presence across all major geographic regions • Global technology centers complement existing Composites applications and expertise Operational Excellence • Best-in-class safety performance • Well-run and maintained asset base fit to serve future growth • Highly effective and reliable supply chain with emphasis on optimizing service to customers Commercial Excellence • Deep customer relationships extend across the value chain and drive ability to grow • Offer a full suite of services with an active role in design, development and commercialization People Experienced and talented associates with a passion for safety, specialization and winning DYNEEMA® OVERVIEW K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders Body Armor • Helmets • Vehicle Protection $215M MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes $130M CONSUMER Consumer • Outdoor High Performance • Safety Equipment $70M 34 Figures reflect 2022 expected sales MIFOverview Competition Valuechain & Go-to-market Strategy Innovation Financials TECHNOLOGY 35 1,200 1,300 2,500 Avient Dyneema Combined Patents • True specialty business – the World’s Strongest Fiber™ • Deep history of application development with customers, strongest in the industry • The only UHMwPE (ultra-high molecular weight polyethylene) fiber producer that is backward integrated o Provides innovation advantage through control of all steps of the process • Complementary with our existing reinforced film expertise (PolyStrand) and engineered fiber presences (Fiber-Line) WINNING PROPERTIES Ultra high strength vs. weight Highly flexible Floats on water Chemically inert; no smell/taste and non-toxic High resistance to UV radiation Self-lubricating, with low friction One-of-a-kind technology ® FORMULATION PROCESS 36 • Like Avient, Dyneema® offers similar core competencies around formulation and material science • Technology that combines polymers and fibers to provide specialized, high performing solutions for customers • Design capabilities ensure that applications are highly customized for the specified end use DYNEEMA® IN THE VALUE CHAIN 37 UHMwPE Fiber / Tapes Military Personnel, Law Enforcement Heavy Marine, Offshore Wind Energy and Mooring, Aquaculture Outdoor, Footwear, Apparel, Inflatables • Material Science • Formulation • Service INTERMEDIATE MANUFACTURING (CUSTOMERS) OEM / APPLICATION DEMAND TRENDS 38 • Military spending and near-term demand for higher performing personal protection products (like Dyneema®) expected to increase o European NATO members annual defense spend expected to increase by up to 20%(1) o Japan aiming to almost double defense spending over the next 5 years(2) o Accelerated launch of next generation technology in North America • Policy-driven demand for sustainable energy; growth in floating offshore wind farms which require advanced, durable technology o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations quadrupling over the next five years(3) • Continued investment in aquaculture as a sustainable food source(4) • Strong demand in outdoor high performance space across niche consumer applications aligns with 10% growth assumption for Avient’s Composites portfolio Sources: (1) “Funding NATO”, NATO.int (April 1, 2022) (2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022) (3) “Global Wind Report 2021”, Global Wind Energy Council (4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries 39 A L I G N M E N T W I T H S U S T A I N A B I L I T Y G O A L S PRODUCTS AVIENT’S EXISTING COMPOSITES PORTFOLIO D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 40 AVIENT’S COMPOSITES PORTFOLIO SALES AND EBITDA 41 $74 $84 $216 $212 $261 $5 $10 $32 $41 $49 $180 0 50 100 150 200 $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 2017 2018 2019 2020 2021 2022E $680 ($ in millions) • Dyneema® acquisition will further improve Composites EBITDA margins to 26% • Dyneema® will complement our existing portfolio with deep formulation expertise, innovative culture and global commercial presence • Composites will continue to be a key growth driver to deliver future revenue growth in excess of GDP (1) Pro forma for the acquisition of Dyneema® (1) SEGMENT DATA U.S. & Canada 50% EMEA 25% Asia 16% Latin America 9% 2021 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 23% Packaging 19% Industrial 16% Building and Construction 10% Telecommunications 4% Energy 2% END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs $2,402M $409M $919M $164M $1,631M $94M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $581M$4,819M (1) Transportation 11% Healthcare 15% 43 Packaging 34% Consumer 21% Healthcare 8% Industrial 16% Building & Construction 10% Transportation 9% Energy 1% Telecommunications 1% C O L O R , A D D I T I V E S & I N K S 2021 REVENUE | $2 .4 BILLION US & Canada 32% EMEA 40% Asia 21% Latin America 7% END MARKET REGION 44 All charts reflect 2021 financials S P E C I A LT Y E N G I N E E R E D M AT E R I A L S Consumer 27% Healthcare 10% Packaging 7% Telecommunications 16% Transportation 11% Industrial 11% Building & Construction 11% Energy 7% 2021 REVENUE | $919 MILLION END MARKET US & Canada 55% EMEA 25% Asia 20% REGION 45 All charts reflect 2021 financials D I S T R I BU T I O N Healthcare 26% Consumer 23% Packaging 5% Industrial 20% Transportation 16% Building and Construction 8% Energy 1% Telecommunications 1% US & Canada 80% Asia 3% Latin America 17% END MARKET REGION K EY SU PPL IER S 2021 REVENUE | $1 .6 BILLION 46 All charts reflect 2021 financials TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET Packaging 30% Consumer 26%Healthcare 13% Industrial 14% Building & Construction 5% Telecommunications 2% Energy 2% Asia (16% of sales) Transportation 8% Packaging 32% Consumer 13% Healthcare 5% Industrial 17% Building & Construction 12% Telecommunications 5% Energy 4% EMEA (25% of sales) Transportation 12% 47 Consumer 25% Healthcare 19% Packaging 10% Industrial 17% Building & Construction 10% Telecommunications 4% Energy 2% US & Canada (50% of sales) Transportation 13% Packaging 38% Consumer 33% Healthcare 8% Industrial 10% Building & Construction 5% Telecommunications 1% LATAM (9% of sales) Transportation 5% All charts reflect 2021 financials 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.
Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income attributable to Avient shareholders $ 84.7 $ 0.92 $ 68.8 $ 0.74 Special items, after tax 5.1 0.06 11.7 0.13 Adjusted net income / EPS - excluding special items 89.8 0.98 80.5 0.87 FX adjustment n/a n/a $ (4.9) $ (0.05) Adjusted net income / EPS - excluding special items, adjusted for FX $ 89.8 $ 0.98 $ 75.6 $ 0.82 Reconciliation to Consolidated Statements of Income Three Months Ended June 30, 2022 2021 Results Results FX Adjustment FX Adjusted Results Sales: Color, Additives and Inks $ 649.1 $ 624.4 $ (35.8) $ 588.6 Specialty Engineered Materials 243.9 240.6 (10.5) 230.1 Distribution 443.2 404.4 (0.2) 404.2 Corporate and eliminations (33.8) (34.2) (1.2) (35.4) Sales $ 1,302.4 $ 1,235.2 $ (47.7) $ 1,187.5 Operating income: Color, Additives and Inks $ 93.6 $ 86.3 $ (5.2) 81.1 Specialty Engineered Materials 36.6 37.3 (1.3) 36.0 Distribution 27.1 23.7 — 23.7 Corporate and eliminations (27.8) (39.2) 0.2 (39.0) Operating income 129.5 108.1 (6.3) 101.8 Special items in operating income 4.3 14.2 — 14.2 Adjusted operating income $ 133.8 $ 122.3 $ (6.3) $ 116.0 1 Three Months Ended June 30, 2022 Reconciliation to Condensed Consolidated Statements of Income GAAP Results Special Items Adjusted Results Operating Income $ 129.5 $ 4.3 $ 133.8 Income before income taxes $ 114.7 $ 3.4 $ 118.1 Income tax expense - GAAP (30.0) — (30.0) Income tax impact of special items — (0.8) (0.8) Tax adjustments — 2.5 2.5 Net income attributable to noncontrolling interests — — — Net income attributable to Avient shareholders $ 84.7 $ 5.1 $ 89.8 EPS $ 0.92 0.06 $ 0.98 Weighted-average diluted shares 92.1 92.1 92.1 Three Months Ended June 30, 2021 Reconciliation to Condensed Consolidated Statements of Income GAAP Results Special Items Adjusted Results Operating Income $ 108.1 $ 14.2 $ 122.3 Income before income taxes $ 89.8 $ 14.2 $ 104.0 Income tax expense - GAAP (20.4) — (20.4) Income tax impact of special items — (3.4) (3.4) Tax adjustments — 0.9 0.9 Net income attributable to noncontrolling interests (0.6) — (0.6) Net income attributable to Avient shareholders $ 68.8 $ 11.7 $ 80.5 EPS $ 0.74 0.13 $ 0.87 Weighted-average diluted shares 92.4 92.4 92.4 Three Months Ended September 30, 2021 Reconciliation to Condensed Consolidated Statements of Income GAAP Results Special Items Adjusted Results Operating income $ 78.7 $ 20.0 $ 98.7 Income from continuing operations before income taxes $ 61.1 $ 19.9 $ 81.0 Income tax expense - GAAP (8.5) — (8.5) Income tax impact of special items — (4.6) (4.6) Tax adjustments — (3.6) (3.6) Net income attributable to noncontrolling interests 0.3 — 0.3 Net income from continuing operations attributable to Avient shareholders $ 52.9 $ 11.7 $ 64.6 Net income / EPS $ 0.57 $ 0.13 $ 0.70 Weighted-average diluted shares 92.2 92.2 92.2 2 Reconciliation of EBITDA by Segment Year Ended December 31, 2021 Operating income: Color, Additives and Inks $ 303.1 Specialty Engineered Materials 132.0 Distribution 93.2 Corporate and eliminations (147.1) Operating income $ 381.2 Items below OI in Corporate: Other income, net $ (1.3) Depreciation & amortization: Color, Additives and Inks $ 105.7 Specialty Engineered Materials 31.7 Distribution 0.8 Corporate and eliminations 7.7 Depreciation & Amortization $ 145.9 EBITDA: Color, Additives and Inks $ 408.8 Specialty Engineered Materials 163.7 Distribution 94.0 Corporate and eliminations (140.7) EBITDA $ 525.8 Three Months Ended June 30, Year Ended December 31, Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2021 Net income from continuing operations – GAAP $ 84.7 $ 69.4 $ 230.6 Income tax expense 30.0 20.4 74.0 Interest expense 16.2 19.5 75.3 Depreciation and amortization from continuing operations 36.5 33.8 145.9 EBITDA $ 167.4 $ 143.1 $ 525.8 Special items, before tax 3.4 14.2 57.1 Depreciation and amortization included in special items (1.1) 1.4 (1.7) Adjusted EBITDA $ 169.7 $ 158.7 $ 581.2 3 AVNT Aug 2022 Presentation w Non GAAP Recs.pdf AVNT Aug 2022 Presentation Update.pdf Avient corporation�investor presentation DISCLAIMER Avient: Who We Are Who we are – Vision, Strategy, Culture What we do: material science Sustainability for a Better Tomorrow Slide Number 7 Slide Number 8 Slide Number 9 Q2 2022 SALES AND OPERATING INCOME�(Total Company) Slide Number 11 Slide Number 12 2021 Sustainability Report Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 Slide Number 18 Slide Number 19 Two-Year Leverage model our Specialty Journey continues End Market transformation to less cyclical industries�(with Dyneema, ex. distribution) End-market Focus for �New innovation Slide Number 24 PEER COMPARISONS Avient is asset light High free cash flow conversion Our valuation versus peers Slide Number 29 Slide Number 30 Slide Number 31 Slide Number 32 FIT with Four Pillar Strategy AVNT Aug 2022 Presentation w Non GAAP Recs v1 Dyneema® overview AVNT Aug 2022 Presentation w Non GAAP Recs AVNT Aug 2022 Presentation Update.pdf Slide Number 35 Slide Number 36 Dyneema® in the Value Chain Demand trends Products Avient’s Existing Composites Portfolio Avient’s Composites Portfolio�Sales and Ebitda Slide Number 42 �2021 segment, end market and Geography Slide Number 44 Slide Number 45 Slide Number 46 Slide Number 47 AVNT Aug 2022 Presentation w Non GAAP Recs.pdf AVNT Q2 2022 Earnings Presentation - Website.pdf AVNT Q2 2022 Earnings Presentation - Website AVNT Q2 2022 Earnings Presentation - Website AVNT Q2 2022 Earnings Presentation - Website 7.25 323pm IR Deck - AVNT-2022.06.30.pdf AVNT Aug 2022 Presentation w Non GAAP Recs
https://www.avient.com/sites/default/files/2024-05/Responsible Care_14001 Global Cert_Avient_2024.pdf
Certificate Of Conformance has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by: Page 2 of 53 ABS Quality Evaluations ABS Quality Evaluations, Inc. 1701 City Plaza Drive, Spring, TX 77389, U.S.A.
Certificate Of Conformance This is to confirm that the Environmental, Health, Safety and Security Management System of: has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by: RC14001®:2015 The Environmental, Health, Safety and Security Management System is applicable to: The validity of this certificate is contingent upon maintenance of multi-site certificate 65536 issued to Avient Corporation Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
Certificate Of Conformance This is to confirm that the Environmental, Health, Safety and Security Management System of: has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by: RC14001®:2015 The Environmental, Health, Safety and Security Management System is applicable to: The validity of this certificate is contingent upon maintenance of multi-site certificate 65536 issued to Avient Corporation Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Hungary.pdf
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V.: Soha ne találgasson, ha a környezetet érintő eljárásokról van szó!
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https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
In the past five years, the Committee has brought on four new independent Directors.
In terms of tenure, 46% of our Board has fivff e or less years of service; 36% of our Board has five to ten years of service; and 18% of our Board has more than ten years of service.
Based on this review, we determined that the existing compensation peer group was appropriate forff 2016 compensation consideration and thus remained unchanged froff m the previous year.
https://www.avient.com/sites/default/files/2020-10/tpe-injection-molding-guide.pdf
If filling problems exist in thin walled parts, adding flow channels or minor changes in wall thickness can alter the flow.
However, ram or plunger equipment has been used to produce SBS parts.
PART SHORTS and has burn marks Gas trapping / poor venting.