https://www.avient.com/sites/default/files/2022-08/Schedule 2 a_b_c - SCCs_0.pdf
In case of a dispute between a data subject and one of the Parties as regards compliance
with these Clauses, that Party shall use its best efforts to resolve the issue amicably in a
timely fashion.
If the meaning of this Addendum is unclear or there is more than one meaning, the meaning
which most closely aligns with UK Data Protection Laws applies.
8.
The reference to “Clause 12(c)(i)” at Clause 10(b)(i) of Module one, is replaced with
“Clause 11(c)(i)”;
j.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2017-results
Repurchased one million shares of common stock and strengthened capital structure by reducing interest rates on existing term loan and credit facility
This coupled with our balance sheet strength allowed us to improve our capital structure and also repurchase one million shares of our common stock during the first quarter."
A recording of the call will also be available for one week, beginning at
https://www.avient.com/sites/default/files/2022-09/Omnicolor Case Study Cable Reel.pdf
POWER & LIGHTING
MANUFACTURER/MOLDER
S M A L L C A B L E R E E L
• Meet color requirement of medium-tone gray for
polypropylene (PP) cable reel application
• Low cost color development
• Short lead time to fit production schedule
• Offered readily available standard color (Mid
Grey – OC7UFF) to meet customer request
• Provided low usage rate of 1% LDR to keep
costs down
• Shipped colorant sample within one day of
inquiry
• Allowed sample parts to be molded within
three days to accommodate schedule
Omnicolor™ Multipurpose Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/antimicrobial-case-study.pdf
DENTAL PRODUCTS
MANUFACTURER
T O O T H B R U S H E S
• Achieve lower let-down ratios (LDRs)
• Maintain sufficient antimicrobial functionality
• Preserve clarity or retain opacity, depending on resin
• Shorten lead times to minimize inventory and production
bottlenecks
• Provided full antimicrobial functionality at
lower LDRs for 30% annual cost savings
• Designed universal carrier that enabled
additive use across a variety of resins
• Reduced lead time over previous supplier
by one week, enabling customer to better
manage inventory levels and increase
production efficiencies
WithStand™ Antimicrobial Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-05/Complet LFT Step Linkage case study snapshot_aftermarket.pdf
AFTERMARKET PARTS
MANUFACTURER
S T E P L I N K A G E
• Maintain performance qualities of incumbent aluminum
part (UV, weatherability, and structural integrity) while also
reducing cost
• Eliminate rust and corrosion concerns
• Increase throughput and streamline manufacturing
• Outperformed coated die cast aluminum and
reduced part costs by 40%
• Delivered moisture-resistant PA66 formulation
to eliminate powder coating and implement a
one-step, injection molding process
• Expanded design options through advanced
design and polymer expertise
• Utilized advanced simulation software to build
confidence in the final part performance
Complēt™ Long Fiber Reinforced Structural
Thermoplastics
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
News Release - AVNT-2021.12.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Record Fourth Quarter and Full Year 2021 Results
Financial Performance
• Fourth quarter and full year sales increased 21% to $1.2 billion and 27% to $4.8 billion,
respectively
• Fourth quarter and full year GAAP EPS of $0.32 and $2.51 compared to $0.81 and $1.46 in
the prior year
• Fourth quarter and full year adjusted EPS increased 12% to $0.58 and 58% to $3.05,
respectively
• Initiates 2022 guidance of $5.1 billion in sales and $3.50 in adjusted EPS
Milestone Achievements
• Increased dividend on an annualized basis by 12% to $0.95; the 11th year in a row of an annual
increase
• Increased EBITDA contribution from Clariant acquisition from $133 to $205 million and
reduced net debt to adjusted EBITDA to 2.2x, one year ahead of schedule
• Joined the United Nations Global Compact, recognized as one of America’s Most Responsible
Companies by Newsweek, and earned the company's third consecutive Great Place to Work®
certification.
In addition, a recording of the audio will be available for one week, beginning at 11:00 a.m.
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
ASSETS
Current assets:
Cash and cash equivalents $ 601.2 $ 649.5
Accounts receivable, net 642.3 516.6
Inventories, net 461.1 327.5
Other current assets 128.1 108.5
Total current assets 1,832.7 1,602.1
Property, net 676.1 694.9
Goodwill 1,286.4 1,308.1
Intangible assets, net 925.2 1,008.5
Operating lease assets, net 74.1 80.9
Other non-current assets 208.4 176.0
Total assets $ 5,002.9 $ 4,870.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 8.6 $ 18.6
Accounts payable 553.9 471.7
Current operating lease obligations 24.2 25.1
Accrued expenses and other current liabilities 359.6 285.6
Total current liabilities 946.3 801.0
Non-current liabilities:
Long-term debt 1,850.3 1,854.0
Pension and other post-retirement benefits 100.0 115.0
Deferred income taxes 100.6 140.0
Non-current operating lease obligations 50.1 56.0
Other non-current liabilities 165.1 192.8
Total non-current liabilities 2,266.1 2,357.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,774.7 1,697.1
Noncontrolling interest 15.8 14.6
Total equity 1,790.5 1,711.7
Total liabilities and equity $ 5,002.9 $ 4,870.5
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2021 2020
Operating activities
Net income $ 230.6 $ 133.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 144.2 111.8
Accelerated depreciation 1.7 3.2
Share-based compensation expense 11.2 11.3
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (143.1) (4.6)
(Increase) decrease in inventories (139.5) 40.2
Increase in accounts payable 95.3 78.4
(Decrease) increase in pension and other post-retirement benefits (10.9) 30.7
Increase in post-acquisition earnout liabilities — 1.0
Increase (decrease) in accrued expenses and other assets and liabilities, net 44.3 (3.7)
Taxes paid on gain on divestiture — (142.0)
Payment of post-acquisition date earnout liability — (38.1)
Net cash provided by operating activities 233.8 221.6
Investing activities
Capital expenditures (100.6) (63.7)
Business acquisitions, net of cash acquired (47.6) (1,380.2)
Net proceeds from divestiture — 7.1
Other investing activities (2.0) 5.2
Net cash used by investing activities (150.2) (1,431.6)
Financing activities
Debt offering proceeds — 650.0
Purchase of common shares for treasury (4.2) (22.4)
Cash dividends paid (77.7) (71.3)
Repayment of long-term debt (18.5) (7.8)
Payments on withholding tax on share awards (10.7) (2.3)
Debt financing costs — (9.5)
Equity offering proceeds, net of underwriting discount and issuance costs — 496.1
Payment of acquisition date earnout liability — (50.8)
Other financing activities (3.5) —
Net cash (used) provided by financing activities (114.6) 982.0
Effect of exchange rate changes on cash (17.3) 12.8
Decrease in cash and cash equivalents (48.3) (215.2)
Cash and cash equivalents at beginning of year 649.5 864.7
Cash and cash equivalents at end of year $ 601.2 $ 649.5
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income 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.