https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Holger Kronimus.pdf
Kronimus joined Avient in March
1999, and in addition to leading the company’s engineered materials business in Europe and
India, also serves as Avient’s legal representative in the region, responsible for building and
maintaining relationships with local governments and associations.
https://www.avient.com/news/avient-supports-hager-group-incorporate-recycled-ocean-bound-plastic-new-waterproof-outdoor-socket-and-switch
March 28, 2024
POMMERLOCH, Luxembourg – March 28, 2024 – Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, is pleased to announce a successful collaboration with its long-standing and valued customer, Hager Group.
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
This is the case for
Avient as well, but what further differentiates us, is that in
2020 our EPS also grew 11% vs. 2019.
Reconciliation to Consolidated Statements of Income 2021 2020
Sales $ 1,162.3 $ 711.5
Gross margin - GAAP 302.4 171.5
Special items in gross margin (Attachment 3) (2.2) 0.2
Adjusted Gross margin $ 300.2 $ 171.7
Adjusted Gross margin as a percent of sales 25.8 % 24.1 %
Operating income - GAAP 120.4 52.8
Special items in operating income (Attachment 3) 2.4 9.7
Adjusted Operating income $ 122.8 $ 62.5
Adjusted Operating income as a percent of sales 10.6 % 8.8 %
The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US
GAAP figures.
GAAP
Special
Adjusted
GAAP
Special
Adjusted
Income from continuing operations before income taxes $ 102.6 $ 2.4 $ 105.0 $ 45.0 $ 9.6 $ 54.6
Income tax expense - GAAP (22.9) — (22.9) (11.9) — (11.9)
Income tax impact of special items (Attachment 3) — (0.9) (0.9) — (2.0) (2.0)
Tax adjustments (Attachment 3) — 1.1 1.1 — 1.0 1.0
Income tax (expense) benefit $ (22.9) $ 0.2 $ (22.7) $ (11.9) $ (1.0) $ (12.9)
Effective Tax Rate(1) 22.3 % 21.6 % 26.5 % 23.7 %
(1) Rates may not recalculate from figures presented herein due to rounding
13
The following pro forma adjustments are referenced by management to provide comparable business performance by
incorporating the Clariant Masterbatch business in periods prior to the acquisition date (July 1, 2020).
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
WHAT WE DO: MATERIAL SCIENCE
4
CUSTOM
FORMULATION
We sell solutions not commodities.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2030 SUSTAINABILITY TARGETS
11
FUTURE GROWTH IN EXCESS
OF GDP IS DRIVEN BY:
Our company is positioned to sustainably grow at a rate that
exceeds GDP.
This
innovation drives performance and is
reflective of consistent, strategic
investments in our portfolio…and
people.
2020 Pro forma $991 $86
Sustainable Solutions 15 11% 6
Healthcare 28 22% 6
Composites 6 10% 3
Growth in Emerging Regions 44 30% 10
Other 53 10% 7
Sub-total $1,137 15% $118
FX Impact 25 - 2
Synergies - - 11
Incentives, Travel, Other Employee Costs - - (8)
2021 Actual $1,162 17% $123
Q1 2021 ORGANIC SALES AND OPERATING INCOME
18 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
19
Wire & Cable Transportation Industrial Healthcare Packaging Consumer
Q1 2020PF Q1 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(42% of total revenue)
(58% of total revenue)
Q1 END MARKET SALES PERFORMANCE
+17%
+14% +8%
+10%
+8% +22%
+5%
+24%
Q 2 AN D FU LL Y EA R
2021 O U TLO O K
$69
$112
$0.42
$0.80
ORGANIC GROWTH PROJECTIONS – Q2
21
Sales Adjusted Operating Income
$870
$1,100
+ 26%
+ 62% + 90%
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
FULL YEAR GUIDANCE INCREASED
22
Sales Adj.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-mini-liquid-metering-system-flyer-1.pdf
What is the normal throughput?
What is the range of liquid addition rate?
What is the length of production runs?
https://www.avient.com/sites/default/files/2021-04/shanghai-9001.pdf
RTF Template Place and date: For the issuing office: Shanghai, 19 March, 2021 DNV GL - Business Assurance Suite A, Building 9, No.1591 Hongqiao Road, Changning District, Shanghai 200336, P.R.
TEL:+31(0)102922689. www.dnvgl.com/assurance Certificate No: 7071-1998-AQ-RGC-RvA Initial certification date: 28 April, 1998 Valid: 29 March, 2021 – 29 March, 2024 This is to certify that the management system of PolyOne-Shanghai, China No. 88, Guo Shou Jing Road, Z.
Park, Pudong, Shanghai China, 201203 and the sites as mentioned in the appendix accompanying this certificate has been found to conform to the Quality Management System standard: GB/T 19001-2016/ISO 9001:2015 This certificate is valid for the following scope: Design and Manufacture of Masterbatch Certificate No: 7071-1998-AQ-RGC-RvA Place and date: Shanghai, 19 March, 2021 Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
When showing constant dollar figures on GAAP and non-GAAP financial measures, the foreign exchange impact is calculated by using current foreign exchange rates and applying them to the prior period results.
Chamber of Commerce; BEAD refers to
Broadband Equity, Access, and Deployment Program
12
• Fiscal Year 2024 U.S.
Avient reflects 2023 adjusted EBITDA guidance of $530M and estimated run-rate CAPEX of $110M.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient corporation first quarter 2024 results and 2024 financial guidance
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
M AY 7 , 2 0 2 4
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
When showing constant dollar figures on GAAP and non-GAAP financial measures, the foreign exchange impact is calculated by using current foreign exchange rates and applying them to the prior period results.
FX -1.5%
FX -0.5%
Total Avient -2.0%
Q 1 2024 RE S U LT S
Q1 2024 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
Khandpur added, "This provides an encouraging backdrop as we begin 2024.
Eastern Time on February 14, 2024.
Webcast Details
Avient will host a webcast on Wednesday, February 14, 2024 at 8:00 a.m.
https://www.avient.com/sites/default/files/2025-05/AVNT Q1 2025 webcast slides_v17.pdf
Q1 2024
ORGANIC FX AS
REPORTED
Sales $827M 1.8% (2.1%) (0.3%)
Adj.
Avient 2024 sales
BUSINESS SEGMENTS END MARKETS REGIONS
63%
S E M
C AI
23%
15%
8%
4% 3% Packaging
Telecom
Energy
Defense
41%
35%
18%
US &
Canada
Latin America
Europe, Middle East
14Copyright © .
Slide 12
Slide 13: Avient 2024 sales
Slide 14: Color, Additives & Inks
Slide 15: Specialty Engineered Materials
Slide 16: Avient 2024 regional sales, by end market
Slide 17: Raw material basket
Slide 18: Reconciliation of Non-GAAP financial measures (UNAUDITED)
Slide 19: Reconciliation of Non-GAAP financial measures (UNAUDITED)
Slide 20: Reconciliation of Non-GAAP financial measures (UNAUDITED)