https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
Global Compact &
fulfilled Communication of Progress (COP)
requirements
• New Sustainability Strategy overview page including
our 2022 AIP ESG metrics
• New ESG Performance page with ESG ratings,
awards, and certifications
• Increased disclosures on carbon emissions, including
disclosure of Climate Change Scenario Analysis
• Added new Product Stewardship and Chemical
Management policies
• Enhanced data reporting for Workforce
Demographics
• Improved social disclosures on human rights,
dependent care and special leave and strategic
training management
2021 SUSTAINABILITY REPORT
Launching integrated sustainability website in parallel with report
Aligned with leading reporting frameworks
9
ESG PERFORMANCE & AWARDS
10
84th
ENVIRONMENTAL
SOCIAL
GOVERNANCE
1
3
(as of 6/30/22)
2022 O U TLO O K
$429
$490
$3.05
$3.50
FY 2022 GUIDANCE
(TOTAL COMPANY: CURRENT PORTFOLIO)
12
Sales Adjusted Operating Income
$4,819
$5,100
+ 6%
Adjusted EPS
+ 14% + 15%
(in millions) (in millions)
(+ 9% excluding FX) (+ 18% excluding FX) (+ 20% excluding FX)
13
CASH FLOW / LEVERAGE
($ millions) 2022E
Cash Flow from Operating Activities 400$
Less:
Run-Rate CapEx (90)
CapEx for Clariant Integration (10)
CapEx for IT System Upgrade (15)
Total CapEx (115)
Free Cash Flow 285$
Adjusted EBITDA 635$
Net Debt / Adjusted EBITDA 1.6x
14
DYNEEMA / DISTRIBUTION UPDATES
• Strong performance so far in 2022 in-line
with our modeling
• Acquisition to be finalized as early as
September 1, pending standard
regulatory process and closing conditions
• Encouraging interest thus far from
potential buyers for world-class business
with a strong track record
• Second round bids due in August
DISTRIBUTION
15
PRO FORMA MODELING UPDATE
2022E
($M)
Revenue 5,100$ 415$ 5,515$ (1,635)$ 3,880$
Adjusted EBITDA 635 130 765 (109) 656
EBITDA % 12% 31% 14% 7% 17%
Adj.
https://www.avient.com/industries/packaging/personal-care-packaging/sun-care
Consumers are choosing packaging that includes value-added dispensing and improved ergonomics.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
The following Common Shares will not be added (or
added back, as applicable) to the aggregate share limit under the 2017 Plan: (1) Common Shares withheld by us,
tendered or otherwise used in payment of the exercise price of a stock option granted under the 2017 Plan,
(2) Common Shares withheld by us, tendered or otherwise used to satisfy a tax withholding obligation, and
(3) Common Shares reacquired by the Company on the open market or otherwise using cash proceeds from the
exercise of stock options granted under the 2017 Plan.
Ecolab, Inc. and Ferro
Corporation were removed from the peer group, and Avery Dennison Corporation, Hexcel Corporation and Trinseo
S.A. were added to the peer group, based on a determination that the newly-added companies are more comparable in
size to the Company while meeting the majority of the primary criteria that were established forff our peer group.
iii) Notwithstanding anything to the contrary contained in this Plan:
(A) Common Shares withheld by the Company, tendered or otherwise used
in payment of the Option Price of an Option Right will not be added (or
added back, as applicable) to the aggregate number of Common Shares
available under Section 3(a)(i) of this Plan; (B) Common Shares withheld
by the Company, tendered or otherwise used to satisfy a tax withholding
obligation will not be added (or added back, as applicable) to the aggregate
number of Common Shares available under Section 3(a)(i) of this Plan;
(C) Common Shares subject to an Appreciation Right that are not actually
issued in connection with the settlement of such Appreciation Right on the
exercise thereof, will not be added back to the aggregate number of
Common Shares available under Section 3(a)(i) of this Plan; and (D)
Common Shares reacquired by the Company on the open market or
otherwise using cash proceeds froff m the exercise of Option Rights will not
be added to the aggregate number of Common Shares available under
Section 3(a)(i) of this Plan.
https://www.avient.com/investor-center/news/avient-announces-record-fourth-quarter-and-full-year-2021-results
We delivered record results this year against a backdrop of unprecedented challenges including the ongoing pandemic, substantial raw material inflation, supply chain disruptions, and labor shortages," added
added, "Our headline projections for the upcoming year are sales of approximately
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2024-results
added, "From a regional standpoint, the
We are focused on driving profitable, organic, top-line growth while expanding margins," added
https://www.avient.com/investor-center/news/polyone-announces-record-fourth-quarter-and-full-year-2015-results
On a constant currency basis, EPS expanded 14%, driven by record results from Color and Engineered Materials," added Mr.
Patterson added.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2016-results
Patterson added.
Patterson added, "As we discussed on our last earnings call, we expected the second half of the year to be more challenging due to an absence of macro-economic tailwinds, fallout from Brexit, and a weaker British pound to name a few, and that is what is playing out.
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2022-results
added, "Our updated guidance of
added.
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2025-results
We further streamlined our structure to better serve our customers and markets, controlled our direct and indirect costs, while still prioritizing investments in our growth vectors aligned to our strategy," added
added, "While the level of macro-economic uncertainty has increased, we are well positioned to help our customers across the globe navigate this new environment.
https://www.avient.com/investor-center/news/avient-announces-record-first-quarter-2021-results-increases-full-year-guidance
added, "We are an asset-light, high-touch business that generates very high free cash flow conversion.
added, "We are also increasing our full year 2021 estimates and now expect revenues of approximately