https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Turkey.pdf
Davranış
Kurallarımız
2023
İçindekiler
İcra Kurulu Başkanı’ndan Mesaj 1
Vizyonumuz ve Stratejimiz 2
Temel ve Kişisel Değerler 2
Davranış Kurallarımız
Etik Davranış için Kurallar 4
Kişisel Değerler 4
Sorunların Çözümlenmesi ve Uygunsuz
Durumların Rapor Edilmesi 6
Etik Yardım Hattı 6
Misilleme Yapmama 6
Davranış Kurallarının Uygulaması 6
Kuralların İhlalleri 7
Herkese Saygı
Çeşitlilik ve Katılım 9
Ayırımcılık veya Taciz 9
İşyeri İlişkileri 9
Madde Bağımlılığı 10
Fiziksel Güvenlik ve İşyerinde Şiddet 10
İşyerinde Dürüstlük
Doğru Bilgiler, Veriler ve Kayıtlar 12
Muhasebe Dürüstlüğü 12
Şirket İletişimleri 14
Varlıkların Korunması ve Kullanımı 14
Özel ve Gizli Bilgiler, Fikirler ve Fikri Mülkiyet 14
Gizlilik, Kişisel Bilgiler ve Veri Koruma 15
İnternet ve E-posta Kullanımı 15
Sosyal Medya ve Sosyal Ağ Oluşturma 15
Bilgisayar Güvenliği, Yazılım Lisansı ve
Telif Hakları 16
İçeriden Bilgiler ve Bunlara Dayalı Menkul
Değer Alım Satımı 16
Siyasi Katkılar/Faaliyetler ve Yardım Amaçlı
Katkılar 16
Hükümet Soruşturmaları ve Araştırmaları 17
İşletmemizde Dürüstlük
Dürüst İş Yapmak 19
Rüşvet ve Bahşişler 19
Temsilciler ve Danışmanlar 20
Rekabet 20
Hediyeler ve Ağırlama 20
Çıkar Çatışması 21
Kendi Yararına İşlem 22
Uluslararası Ticaret 22
Kurumsal Sosyal Sorumluluk
Sürdürülebilirlik 24
Güvenlik, Sağlık ve Çevre 24
Ürün ve Hizmet Güvenliği 25
İnsan Haklarına Saygı 25
Ortak Bir Taahhüt 25
Kaynaklar ve İletişim Bilgileri 26
1
İçindekiler
İcra Kurulu Başkanı’ndan Mesaj
Sayın Avient Çalışanları,
Büyüyen, küresel bir şirketin bir parçası olarak zorlu durumlar ve karmaşık bir karar verme süreci ile karşı karşıyayız.
İş kayıtlarımızın bazı örnekleri şunları
içermektedir:
• Yeni ürün geliştirme
• Test sonuçları
• Laboratuvar raporları
• Araştırma verileri
• Finansal Raporlar
• Harcama raporları
• Faturalar
• Zaman kayıtları
• Personel kayıtları
• İş planları
• Çalışanlara gönderilen mektuplar, bülten notları ve
e-postalar
• Loop’ta yayınlanan bilgiler
Özel ve gizli bilgiler şunları
içermektedir:
• İş planları ve yönetim stratejileri
• Araştırma ve teknik veriler
• Ürün verileri ve süreç teknolojileri
• Ürün yönetimi
• Ticari sırlar, teknolojiler ve “know how”
• Rekabetçi konumumuz hakkındaki bilgiler
• Yayınlanmamış mali bilgiler ve projeksiyonlar
• Ürün maliyeti bilgisi
• Önerilen sözleşmeler ve işlemler hakkındaki bilgiler
• Müşteri, satıcı, fiyatlandırma ve diğer ticari bilgiler
• İşletmemiz için geliştirilen bilgisayar yazılımı ve sistemleri
• Bir rakip için yararlı olabilecek diğer bilgiler
14
İçindekiler
Soru ve Cevap
S: Yöneticim tatilde ve onun yokluğunda
benden Şirket adına bir sözleşmeye imza
atmamı istedi.
Etik Yardım Hattı:
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Etik Yardım Hattı Telefon Numarası:
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Kuzey Amerika
Global Genel Müdürlük Avon
Lake, Amerika Birleşik Devletleri
33587 Walker Road Avon Lake,
OH, Amerika Birleşik Devletleri
44012
Ücretsiz: 1-866-765-9663
Telefon: 1-440-930-1000
Faks: +440 930 3064
Asya Pasifik
Bölge Merkezi Şanghay, Çin
2F, Block C 200 Jinsu Road
Pudong, 201206 Şanghay, Çin
Telefon: +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Güney Amerika
Bölge Merkezi Sao Paulo,
Brezilya
Av.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Canada.pdf
Notre Code de
conduite
2023
Table des matières
Un message du président-directeur général 1
Notre vision et notre stratégie 2
Valeurs fondamentales et personnelles 2
Notre Code de conduite
Lignes directrices en matière d’éthique 4
Valeurs personnelles 4
Résolution des problèmes et signalement
des situations de non-conformité 6
Ligne d’assistance en matière d’éthique 6
Absence de représailles 6
Application du Code de conduite 7
Violations du Code 7
Respect de tous
Diversité et inclusion 9
Discrimination ou harcèlement 9
Relations au travail 9
Abus de drogues ou d’alcool 10
Sécurité physique et violence au travail 10
Honnêteté au travail
Renseignements, données et dossiers 12
Intégrité comptable 12
Communications de l’Entreprise 14
Protection et utilisation des biens 14
Renseignements internes, exclusifs et confidentiels,
idées novatrices et propriété intellectuelle 14
Confidentialité, renseignements personnels et
protection des données 15
Utilisation d’Internet et des courriels 15
Médias sociaux et réseautage social 16
Sécurité informatique, licence de logiciels
et droits d’auteur 16
Information privilégiée et délit d’initié 16
Contributions/activités politiques et contributions
de bienfaisance 17
Enquêtes administratives et autres enquêtes 17
Intégrité dans nos affaires
Utilisation équitable 19
Corruption et commissions clandestines 19
Agents et consultants 20
Concurrence 20
Cadeaux et hospitalité 20
Conflits d’intérêts 21
Transactions d’initié 22
Commerce international 22
Responsabilité sociale d’entreprise
Développement durable 24
Sécurité, santé et environnement 24
Sécurité des produits et des services 25
Respect des droits de la personne 25
Un engagement commun 25
Ressources et coordonnées 26
1
Table des matières
Un message du président-directeur général
Chers associés Avient,
En tant qu’entreprise mondiale en pleine croissance, nous sommes confrontés à des situations difficiles et à des décisions
complexes.
Selon les lois de votre pays, il peut s’agir des
caractéristiques suivantes :
• Race
• Religion
• Genre
• Origine ethnique ou ascendance
• Âge
• Orientation sexuelle
• Statut de militaire ou d’ancien combattant
• Situation matrimoniale, familiale ou civile
• Handicap
• Grossesse et maternité
• Nationalité
10
Table des matières
Abus de drogues ou d’alcool
Il nous incombe à tous de prendre des mesures
pour nous assurer que nous travaillons dans un
environnement exempt de tous les effets de l’alcool,
des drogues illicites et autres substances contrôlées.
Ligne d’assistance en matière d’éthique :
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Numéro de la ligne d’assistance en matière d’éthique :
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Amérique du Nord
Siège social mondial
Avon Lake, États-Unis
33587 Walker Road
Avon Lake, OH,
États-Unis 44012
Sans frais : +1 866 765-9663
Téléphone : +1 440 930-1000
Télécopieur : +1 440 930-3064
Asie-Pacifique
Siège social régional
Shanghai, Chine
2F, Bloc C 200, Jinsu Road
Pudong, 201206
Shanghai, Chine
Téléphone : +86 (0) 21 6028 4888
Télécopieur : +86 (0) 21 6028 4999
Amérique du Sud
Siège social régional
Sao Paulo, Brésil
Av.
https://www.avient.com/sites/default/files/2021-05/avient-austria-gmbh-extract-may-10-2021.pdf
EUR 35.000
-------------------------------------------------------
Summen: EUR 35.000 EUR 35.000
--- PERSONEN ----------------------------------------------------------------
4 B Aviant Switzerland GmbH
1 (Handelsregister des Kantons Basel-Landschaft
CHE-112.279.714)
Sitz in Muttenz
Aktiengesellschaft
1 Rothausstraße 61
CHE-4132 Muttenz
4 F Anke Bergheim, geb. 03.06.1970
4 Clemensstraße 14
DEU-80803 München
4 G Christoph Palm, geb. 16.05.1963
4 Gruuss-Strooss 35
LUX-9991 Weiswampach
4 H Norbert Merklein, geb. 03.05.1964
4 Schiffackerweg 2
CHE-4310 Rheinfelden
-------------------- VOLLZUGSÜBERSICHT ---------------------------------------
Handelsgericht Wien
1 eingetragen am 24.08.2019 Geschäftsfall 73 Fr 7835/19 y
Antrag auf Neueintragung einer Firma eingelangt am 29.07.2019
2 eingetragen am 23.06.2020 Geschäftsfall 73 Fr 5402/20 d
Elektronische Einreichung Jahresabschluss eingelangt am 19.06.2020
4 eingetragen am 28.04.2021 Geschäftsfall 73 Fr 12166/21 i
Antrag auf Änderung eingelangt am 20.04.2021
Landesgericht Wiener Neustadt
5 eingetragen am 08.05.2021 Geschäftsfall 8 Fr 2130/21 f
Antrag auf Sitzverlegung eingelangt am 27.04.2021
-------------- INFORMATION DER ÖSTERREICHISCHEN NATIONALBANK ----------------
zum 10.05.2021 gültige Identnummer: 24513750
erstellt über Verrechnungsstelle MANZ**********************************HA021
Gerichtsgebühr: EUR 3.76******10.05.2021 10:58:32,662 41188885 ** ZEILEN: 58
Firmenbuch 10.05.2021 10:58:32
https://www.avient.com/sites/default/files/2021-08/20210802-certificate-of-incorporation.pdf
name change effective from
02/08/2021)
:Company Name
199006136ZUEN :
This is to confirm that the company was incorporated under the Companies Act, on and
from 14/12/1990 and that the company is a PRIVATE COMPANY LIMITED BY SHARES.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
I N V E S T M E N T I N C O M M E RC I A L R E S O U RC E S
D R I V E S I N N O V AT I V E P R O D U C T P O R T F O L I O A N D S A L E S G R O W T H
19
160
270
2011 2019 2020E
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79
0.81
0.85
11 12 13 14 15 16 17 18 19 20 21E
2.5x
TARGET NET
LEVERAGE BY 2021
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$350MM
PAID OVER LAST 10 YEARS
R E T U R N I N G VA LU E TO S H A R E H O L D E R S
12
Free Cash Flow Dividends Share Repurchases Deleveraging
Strong track record of cash generation put to work in M&A and return to shareholders while modestly levered
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9 1.0
11 12 13 14 15 16 17 18 19 20
2.9x
2.5x
2020PF* 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$
B
n
$
p
e
r
s
h
a
re
*2020 estimate and Pro forma for acquisition of the Clariant Masterbatch business
Cash Generation
~$270MM
Another unique value creation lever at Avient is synergy capture with our recent
acquisition of Clariant Masterbatch.
Immediately accretive to EPS, the acquisition is expected to deliver $0.95
of incremental adjusted EPS upon full synergy realization.
14
(1) 2020 estimate and Pro forma for acquisition of the Clariant Masterbatch business
(2) Adjusted EPS excludes step up D&A for the Clariant Masterbatch acquisition
(3) Assumes $75MM in synergies
E B I T DA M a r g i n E x p a n s i o n
a n d E P S A c c r e t i o n
11.9%
14.2%
17.1%
Avient PF Avient PF ex.
SEGMENT HIGHLIGHTS
Packaging
37%
Consumer
22%
Healthcare
8%
Industrial
14%
Building &
Construction
8%
Transportation
6%
Wire & Cable
3%
Electrical &
Electronics
2%
C O L O R , A D D I T I V E S & I N K S
2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N
$9
$320
2005 2020PF
2.0%
15.9%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
US & Canada
32%
Europe
39%
Asia
23%
Latin America
6%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
24
$5
$120
2005 2020E
US & Canada
59%
Europe
23%
Asia
18%
Consumer
23%
Healthcare
10%
Packaging
6%
Wire & Cable(1)
25%
Electrical &
Electronics
14%
Industrial
10%
Transportation
10%
Building &
Construction
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 0 E R E V E N U E | $ 7 0 0 M I L L I O N
0.9%
17.1%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
25
(1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling
Healthcare
30%
Consumer
24%Packaging
3%
Industrial
19%
Transportation
15%
Electrical &
Electronics
4%
Building &
Construction
4%
Wire & Cable
1%
US & Canada
79%
Asia
2%
Latin
America
19%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
D I S T R I B U T I O N
2 0 2 0 E R E V E N U E | $ 1 . 1 B I L L I O N
$20
$70
2005 2020E
2.9%
6.3%
K E Y S U P P L I E R S
26
AMERICAS EUROPE ASIA
Consumer
26%
Healthcare
19%
Packaging
13%
Industrial
16%
Wire & Cable
7%
Building &
Construction
5%
Electrical &
Electronics
4%
Packaging
35%
Consumer
14%Healthcare
6%
Industrial
17%
Wire & Cable
10%
Building &
Construction
8%
Electrical &
Electronics
3%
Packaging
32%
Consumer
26%
Healthcare
12%
Industrial
7%
Wire & Cable
6%
Building &
Construction
4%
Electrical &
Electronics
9%
Transportation
10%
Transportation
7%
Transportation
4%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
(58% of sales) (25% of sales) (17% of sales)
27
https://www.avient.com/sites/default/files/2024-07/Colorants _ Additives for Appliances Brochure.pdf
These colorants
originally developed for black packaging can be used
for the black and dark coloration of appliance plastic
parts to ensure they are recycled and not wasted.
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
This webcast replaces the previously communicated earnings webcast date that was originally
scheduled to be held on Wednesday, April 27.
https://www.avient.com/sites/default/files/2024-06/OnColor UL 94 Colorants Brochure.pdf
The UL 94 standard, which was originally a national standard in the USA,
has gained international acceptance and is now widely used to classify plastic products and how they burn.
ONCOLOR™
UL 94 COLORANTS
HOW TO USE THE TABLES
UL HB
GENERIC RESIN TYPE
FLAME
RATING
MINIMUM
THICKNESS
(MM)
MAXIMUM
LET-DOWN
RATIO
Acetal Copolymer (POM) HB 1.50 1:20
Acrylonitrile Butadiene Styrene (ABS) HB 1.50 1:10
Ethylene Propylene Thermoplastic Rubber (EPTR) HB 1.50 1:20
High Impact Polystyrene (HIPS) HB 1.50 1:10
Liquid Crystal Polymer (LCP) HB 0.83 1:10
Polyamide (PA) HB 3.20 1:33
Polyamide (PA66 and PA 4/6) HB 0.81 1:20
Polyamide 6 (PA6) HB 0.75 1:25
Polyamide 66 (PA66) HB 0.40 1:40
Polybutylene Terephthalate (PBT) HB 0.81 1:20
Polybutylene Terephthalate/Polycarbonate (PBT/PC) HB 1.50 1:10
Polycarbonate (PC) HB 1.50 1:15
Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) HB 1.50 1:20
Polycarbonate/Polyethylene Terephthalate (PC/PET) HB 1.50 1:20
Polyethylene (PE) HB 1.50 1:50
Polyethylene Terephthalate (PET) HB 0.80 1:16.7
Polyketone HB 1.50 1:20
Polymethyl Methacrylate (PMMA) HB 3.00 1:25
Polypropylene (PP) HB 1.50 1:15
Polystyrene (PS) HB 0.83 1:15
Polyurethane (PUR) HB 1.50 1:25
Polyvinylchloride (PVC) HB 1.50 1:20
Styrene Acrylonitrile (SAN) HB 1.50 1:20
Thermoplastic Elastomer (TPE) HB 0.75 1:25
UL 94 V-0, V-1, V-2
ASCEND
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 66
(PA66)
21X1(a)(f2), 21SPC1(a)(f2),
21SPF1(a)(f2), 21SPG1(a)(f2),
21SPM1(a)(f2), 20NSP1(a)(f2)
0.75 V-2 1:40
22HSP(e) 0.75 V-2 1:40
64C-R 3.0 V-2 1:50
ECO366(e) 0.4 V-0 1:40
ECO366H(e) 0.2 V-0 1:25
FR350J 0.4 V-0 1:25
20NSP(a)(f2), 21SPF(a)(f2),
21SPM(a)(f2), 21SPC(a)(f2)
0.4 V-2 1:40
20NSP(a)(h)(f2), 21SPF(a)(h)(f2),
21SPM(a)(h)(f2), 21SPC(a)(h) (f2)
1.5 V-2 1:20
Polyamide 66/6
(PA66/6)
ECO315(e), ECO315J(e) 0.4 V-0 1:40
M344 3.0 V-0 1:25
909 0.75 V-0 1:25
UL 94 V-0, V-1, V-2
BASF
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 6
(PA6)
8202(t1), 8202 Blend (t1) 0.71 V-2 1:25
8202C(t1), 8202C BLEND (t1) 1.50 V-2 1:25
8202CHS(t1) (t3), 8202C HS Blend 1.50 V-2 1:25
8202HS(t1) 1.50 V-2 1:25
B3S
0.80 V-2 1:25
1.50 V-2 1:25
B3S Q661 1.50 V-2 1:25
B3S R03 1.50 V-2 1:25
8232G HSFR(t9), B3U10G5 (t9) 1.50 V-0 1:25
Polyamide 6/66
(PA6/66)
C3U (m) 0.40 V-0 1:25
KR4205(m), C3U (m), C3U (t)(m) 0.40 V-0 1:25
KR4205, C3U 0.40 V-0 1:25
Polyamide 66
(PA66)
1000(b), 1310-(b), Ultramid A3K Q603(+) 1.50 V-2 1:10
A3K (o) Q790(g)(f2) 0.41 V-2 1:20
A3K(f2), A3K Q601(f2) 0.41 V-2 1:20
A3SK 0.41 V-2 1:25
A5 3.00 V-2 1:33
A3W(f1), A3W FC (f1) 0.75 V-2 1:10
A3K R01 (t)(g)(f2) 0.40 V-2 1:20
Polybutylene
Terephthalate
(PBT)
B4406 G2 (o) Q798 1.50 V-0 1:20
B4406 G2(a), B4406 G2 (o) Q717(a) 1.50 V-0 1:20
B4406 G3 (o) Q798 1.50 V-0 1:20
B4406 G3(a), B4406 G3 (o) Q717(a) 1.50 V-0 1:20
B4406 G4 (o) Q798 1.50 V-0 1:20
B4406 G4(a2), B4406 G4 (o) Q717(a2) 1.50 V-0 1:20
B4406 G6 (o) Q798 3.00 V-0 1:12.5
B4406 G6(%) 1.50 V-0 1:20
B4406 G6(a1), B4406 G6 (o) Q717(a1),
B4406 G6 (o) Q717 High Speed(a1)
1.50 V-0 1:20
B4406(a), B4406 (o) Q717(a) 1.50 V-0 1:20
B4406@ 1.50 V-0 1:20
B4450 G5, B4450 G5 (t) 0.40 V-2 1:50
Polyurethane
(PUR)
11 85 A(a) FHF 000 (f2) 0.75 V-0 1:33
UL 94 V-0, V-1, V-2
CELANESE
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Liquid Crystal
Polymer
(LCP)
A130(+), MT1310 1.50 V-0 1:40
Polyamide
(PA)
132F(+)(f1), 135F(+)(f1) 0.75 V-2 1:20
HTNFR42G30NH 0.40 V-0 1:25
Polyamide 6/12
(PA6/12)
151, 151L 1.50 V-2 1:25
Polyamide 66
(PA66)
A3 GF 25 V0XI 0.40 V-0 1:25
101(r9)(f1), 101F(r9)(f1), 101L(r9)(f1) 0.75 V-2 1:20
103FHS(+), 103HSL(+) 0.75 V-2 1:20
FR50(+)(f1) 0.35 V-0 1:20
FR7025V0F(+) 0.50 V-0 1:33
Polyamide 66/6
(PA66/6)
FR72G25V0 0.80 V-0 1:25
Polyamide 66/6T
(PA66/6T)
FR95G25V0NH 0.40 V-0 1:25
HTNFR52G30BL(r3) 0.75 V-0 1:33
HTNFR52G30L(+), HTNFR52G30(+) 0.75 V-0 1:33
HTNFR52G30NH(r6)
0.40 V-0 1:25
0.75 V-0 1:10
HTNFR52G35BL 0.75 V-0 1:25
HTNFR52G35(+), HTNFR52G35 0.75 V-0 1:33
Polyamide 6T/
MPMDT
HTNFR51G35L(+) 0.81 V-0 1:33
Polybutylene
Terephthalate
(PBT)
2016(b) 1.50 V-0 1:20
3116(b) 1.50 V-0 1:20
3216(b) 1.50 V-0 1:20
3316(b) 1.50 V-0 1:20
3316HF 1.50 V-0 1:20
LW9030FR 1.50 V-0 1:25
T841FR (r4) 1.50 V-0 1:25
Polyethylene
Terephthalate
(PET)
FR530(l)(+)(f1), FR530L(l)(+)(f1) 0.75 V-0 1:25
Thermoplastic
Elastomer
(TPE)
HTR8068 1.60 V-0 1:25
UL 94 V-0, V-1, V-2
DOMO
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide
(PA)
J 60X1 V30 0.40 V-0 1:25
Polyamide 6
(PA6)
PSB 286
0.80 V-2 1:25
3.00 V-2 1:25
S 60X1 V30 0.75 V-0 1.25
Polyamide 66
(PA66)
A 205F(r4) 0.38 V-2 1:25
A 225F 0.75 V-2 1:25
A 50H1 (r3)(f2) 0.40 V-0 1:25
A 30G1 0.40 V-0 1:25
COVESTRO
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polycarbonate
(PC)
2407 + (z)(f1) 0.75-2.60 V-2 1:10
2807 + MAS183 0.75 V-2 1:25
6455 + (z)
3.00 V-0 1:25
1.50 V-2 1:25
6485 + (z)(f1) 1.50 V-0 1:25
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
FR110 + 1.50 V-0 1:33
FR3005 HF + (z), FR3005 HF + BBS314 1.50 V-0 1:12.5
FR3010 + (z)
3.00 V-0 1:25
1.50 V-0 1:25
FR3010 HF + 3.00 V-0 1:25
FR3030 + 3.00 V-0 1:25
UL 94 V-0, V-1, V-2
ENVALIOR
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 46
(PA46)
TE250F6(h1)( j) 0.50 V-0 1:25
Polyamide 6
(PA6)
F223-D(f1), F223-D /A(f1) 0.75 V-2 1:25
K222-KGV5(f1)
0.75 V-2 1:16.7
1.50 V-2 1:16.7
K-FKGS6/B(f1)(y) 0.80 V-0 1:25
Polyamide 66
(PA66)
SG-KGS6/HV 0.75 V-0 1:25
Thermoplastic
Elastomer
(TPE)
PL460-S 1.60 V-0 1:25
Polyamide 4T
(PA4T)
T11 (h) 0.40 V-0 1:20
UL 94 V-0, V-1, V-2
EXXONMOBIL
LANXESS
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Ethylene
Propylene
Thermoplastic
Rubber
(EPTR)
251-80W232(f7) 1.50 V-2 1:20
251-92W232 1.50 V-0 1:20
251-70W232
1.50 V-0 1:10
1.00 V-2 1:10
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 6
(PA6)
B30S+(f1) 1.50 V-2 1:25
B31SK+ 1.50 V-2 1:25
Polybutylene
Terephthalate
(PBT)
B4235+ 1.50 V-0 1:10
TP364-302+, BF4232+(f1) 0.75 V-0 1:25
UL 94 V-0, V-1, V-2
SABIC
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polybutylene
Terephthalate
(PBT)
310(w) 1.50 V-0 1:20
310SE0(w) 1.50 V-0 1:20
310SE0(w),310SE0R(w) 1.50 V-0 1:20
420SE0(f1)(w)(GG)(rr1) 1.50 V-0 1:20
420SE0(f1)(w)(GG)(rr2) 1.50 V-0 1:20
457(w) 1.50 V-0 1:20
457(w), 451(w) 1.50 V-0 1:20
553(a)(f1)(w) 1.50 V-0 1:20
553(a)(f1)(w), 553E(a)(f1)(w),
553U(a)(f1)(w)
1.50 V-0 1:20
553(w)(f1), 553M(w)(f1) 1.50 V-0 1:20
DR48(w) 1.50 V-0 1:20
DR48,DR48M 1.50 V-0 1:20
V4760(a2) 0.40 V-0 1:20
EXVX1259, ENH4550 0.40 V-0 1:20
771 0.75 V-0 1:25
Polybutylene
Terephthalate/
Polycarbonate
(PBT/PC)
357(f1)(w)(IC), 357M(f1)(w)(IC),
357U(f1)(w)(IC)
1.50 V-0 1:20
357(f1)(w)(IC), 357U(f1)(w)(IC) 1.50 V-0 1:20
357X(f1) 1.50 V-0 1:20
V3900WX(GG)(f1)(IA),
V3901WX(GG)(f1)(IA)
3.00 V-0 1:20
1.50 V-0 1:20
357(w)(f2)(IC), 357M(w)(f2)(IC),
357U(w)(f2)(IC)
1.50 V-0 1:20
UL 94 V-0, V-1, V-2
SABIC
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polycarbonate
(PC)
221(f2) 1.50 V-2 1:25
221R(f2) 1.50 V-2 1:25
500(f2), 500R(f2) 3.00 V-0 1:33
503(f1)
3.00 V-0 10:1
1.50 V-0 10:1
503(f1), 503R(f1)
3.00 V-0 10:1
1.50 V-0 10:1
943(ab) 1.50 V-0 1:20
943(f1) 1.50 V-0 1:20
943(f1), 923(f1) 1.50 V-0 1:20
950A, 920ASR, FXD911A(GG), 940ASR 1.50 V-2 1:25
CFR7630(f1)(gg*) 1.50 V-0 1:25
ML5139R(f2) 3.00 V-0 1:33
950A, FXD911A(GG), 940ASR 3.00 V-0 1:25
943 1.50 V-0 1:20
920A
3.00 V-0 1:25
1.50 V-2 1:25
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
C2950 1.50 V-0 6:100
C6200(GG) 2.00 V-0 1:20
Acrylonitrile
Styrene Acrylate/
Polycarbonate
(ASA/PC)
HRA222 (GG) 0.80 V-2 1:20
UL 94 V-0, V-1, V-2
SOLVAY (SYENSQO)
OTHERS
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyphenyl Sulfone
(PPSU)
R-5100 (r1)(##), R-5000 (r1)(##) 1.50 V-0 1:10
Polyphthalamide
(PPA)
AFA-4133 V0(+) (*) 0.75 V-0 1:25
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
ALBIS
Polypropylene
(PP)
PP 13 CV2 14 1.50 V-2 1:25
AVIENT
Polyvinylchloride
(PVC)
M3700(X), M3755(X) 1.50 V-0 1:25
M3900 1.50 V-0 1:25
CHI MEI
Acrylonitrile
Butadiene Styrene
(ABS)
PA-765(+) 1.50 V-0 1:10
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
PC-510(+) 1.50 V-0 1:25
EMS-CHEMIE
Polyamide 6
(PA6)
Grilon A 26 V0 0.75 V-0 1:25
FORMOSA
Polycarbonate
(PC)
#1700+(f2) 0.36-0.42 V-2 1:50
GEON
Polyvinylchloride
(PVC)
85891(f1) 1.70 V-0 1:20
85891(f2) 1.70 V-0 1:20
M3700(X) 1.50 V-0 1:25
M3900
1.50 V-0 1:10
1:25
INEOS
Polystyrene
(PS)
855 HV 3.00 V-1 100:4
INVISTA
Polyamide 66
(PA66)
FRU4800 XHL (r1) 0.40 V-0 1:25
U4820L (r1) 0.40 V-2 1:25
UL 94 V-0, V-1, V-2
OTHERS
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
KINGFA
Polyamide 66
(PA66)
PA66-R11G25 (##) 0.25 V-0 1:25
KURARAY
Polyamide 9T
(PA9T)
GP2300S 0.40 V-0 1:25
LG CHEM
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
LUPOY GP-5106-F 3.00 V-0 1:20
LOTTE CHEMICAL
Acrylonitrile
Butadiene Styrene
(ABS)
VH-0800(+) 1.50 V-0 1:25
Polycarbonate
(PC)
HN-1064(+)
0.75 V-2 1:10
1.50 V-0 1:10
1.20 V-1 1:10
Polystyrene
(PS)
VH-1800+
3.00 V-0 1:25
1.50 V-0 1:25
MITSUBISHI
Polycarbonate
(PC)
S-2000+(f1) 1.50-1.80 V-2 1:10
POLYMER
PRODUCTS
Polystyrene
(PS)
ZYNTAR 351
2.00 V-0 1:20
1.50 V-0 1:20
ZYNTAR 7000 2.00 V-0 1:25
ZYNTAR 702 2.00 V-0 1:25
8020 2.00 V-0 1:20
8120 2.00 V-0 1:20
8130 1.50 V-0 1:20
POLYMER
RESOURCES
Polycarbonate
(PC)
PC-FR1A-D, PC-
FR2A-D, PC-FR3A-D
3.00 V-0 1:33
1.50 V-2 1:33
SUMITOMO
Liquid Crystal
Polymer
(LCP)
E6007LHF(ra) 0.30 V-0 1:25
E6007LHF-MR(gt) 0.20 V-0 1:12.5
UL 94 V-0, V-1, V-2
OTHERS
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
TORAY
Polyamide 6
(PA6)
1017 1.60 V-2 1:16.5
Polyamide 66
(PA66)
3004-V0(rr),
CM3004-V0(rr)
0.40 V-0 1:25
TRINSEO
Polycarbonate
(PC)
891(w) 1.10 V-0 1:25
WELLMAN
Polyamide 66/6
(PA66/6)
220-N, 21L-N, 22L-N 1.50 V-2 1:25
WESTLAKE
Polyvinylchloride
(PVC)
6597(f1), HF-6597(f1) 1.50 V-0 1:25
SP-7107 (f1)(a) 3.00 V-0 1:25
5VA AND 5VB
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
COLORS
MAXIMUM
LET-DOWN
RATIO
AVIENT
Polyvinylchloride
(PVC)
M3900 1.50 5VB
ALL 1:25
WHITE 1:10
CELANESE
Polyamide 66/6T
(PA66/6T)
FR95G25V0NH 1.50 5VA ALL 1:25
Polybutylene
Terephthalate
(PBT)
LW9030FR
2.00 5VA BLACK 1:25
3.00 5VA ALL 1:25
SK642FR 1.50 5VA BLACK 1:25
COVESTRO
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
FR3010 + (z) 3.00 5VA ALL 1:25
GEON
Polyvinylchloride
(PVC)
M3900 1.50 5VB
ALL 1:25
WHITE 1:10
SABIC
Polybutylene
Terephthalate/
Polycarbonate
(PBT/PC)
V3900WX(GG)(f1)(IA),
V3901WX(GG)(f1)(IA)
3.00 5VA ALL 1:20
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
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; the current and potential future impact of the COVID-19 pandemic on our
business, results of operations, financial position or cash flows including, without limitation, any
supply chain and logistics issues; changes in 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; our ability to achieve the
strategic and other objectives relating to the Avient Protective Materials business; an inability to
raise or sustain prices for products or services; our ability to pay regular quarterly cash dividends
and the amounts and timing of any future dividends; information systems failures and
cyberattacks; 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 and
any recessionary conditions.
Three Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
(Loss) income from continuing operations before income
taxes $ (29.0) $ 82.0 $ 53.0 $ 35.4 $ 19.9 $ 55.3
Income tax expense - GAAP 1.2 — 1.2 (2.0) — (2.0)
Income tax impact of special items (Attachment 3) — (20.5) (20.5) — (4.6) (4.6)
Tax adjustments (Attachment 3) — 6.8 6.8 — (3.6) (3.6)
Income tax (expense) benefit $ 1.2 $ (13.7) $ (12.5) $ (2.0) $ (8.2) $ (10.2)
Effective Tax Rate(1) 4.1 % 23.7 % 5.7 % 18.4 %
(1) Rates may not recalculate from figures presented herein due to rounding
14
Nine Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
Income from continuing operations before income taxes $141.2 $ 89.6 $ 230.8 $176.1 $ 36.5 $ 212.6
Income tax expense - GAAP (41.5) — (41.5) (32.1) — (32.1)
Income tax impact of special items (Attachment 3) — (22.5) (22.5) — (8.9) (8.9)
Tax adjustments (Attachment 3) — 10.8 10.8 — (1.6) (1.6)
Income tax (expense) benefit $ (41.5) $ (11.7) $ (53.2) $ (32.1) $ (10.5) $ (42.6)
Effective Tax Rate(1) 29.4 % 23.1 % 18.2 % 20.0 %
(1) Rates may not recalculate from figures presented herein due to rounding
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2022 2021
Net (loss) income from continuing operations – GAAP $ (27.8) $ 33.4 $ 99.7 $ 144.0
Income tax (benefit) expense (1.2) 2.0 41.5 32.1
Interest expense 37.3 19.0 70.4 57.8
Depreciation and amortization from continuing operations 39.8 36.6 113.7 107.1
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
Special items, before tax 82.0 19.9 89.6 36.5
Interest expense included in special items (10.0) — (10.0) —
Depreciation and amortization included in special items (0.8) (0.9) (4.0) (0.1)
Adjusted EBITDA $ 119.3 $ 110.0 $ 400.9 $ 377.4
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
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; the current and
potential future impact of the COVID-19 pandemic on our business, results of operations, financial
position or cash flows including, without limitation, any supply chain and logistics issues; changes in
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; our ability to achieve strategic objectives and successfully integrate acquisitions, including
Avient Protective Materials; an inability to raise or sustain prices for products or services; our ability
to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
information systems failures and cyberattacks; 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 and any recessionary conditions.
Three Months Ended
December 31,
Year Ended
December 31,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 490.8 $ 581.3 $ 2,355.0 $ 2,401.6
Specialty Engineered Materials 300.8 226.3 1,044.4 911.6
Corporate (1.2) (0.5) (2.5) 2.3
Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5
Gross margin:
Color, Additives and Inks $ 134.5 $ 164.5 $ 681.3 $ 727.5
Specialty Engineered Materials 82.4 58.3 283.7 250.9
Corporate (44.9) (6.2) (82.3) (34.6)
Gross margin $ 172.0 $ 216.6 $ 882.7 $ 943.8
Selling and administrative expense:
Color, Additives and Inks $ 90.2 $ 103.3 $ 380.3 $ 424.4
Specialty Engineered Materials 47.2 31.2 143.6 125.4
Corporate 34.2 31.9 115.5 114.3
Selling and administrative expense $ 171.6 $ 166.4 $ 639.4 $ 664.1
Operating income:
Color, Additives and Inks $ 44.3 $ 61.2 $ 301.0 $ 303.1
Specialty Engineered Materials 35.2 27.1 140.1 125.5
Corporate (79.1) (38.1) (197.8) (148.9)
Operating income $ 0.4 $ 50.2 $ 243.3 $ 279.7
14
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.