https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
A
R
2
15
OUR PEOPLE.
Avon Lake, Ohio 2.
Audit
2.
https://www.avient.com/sites/default/files/2022-09/Avient Pro Forma Financial Information.pdf
AVIENT CORPORATION
P R O F O R M A F I N A N C I A L S F O R D Y N E E M A
A C Q U I S I T I O N A N D D I S T R I B U T I O N A S
D I S C O N T I N U E D O P E R A T I O N S
(NYSE: AVNT)
S E P T E M B E R 2 7 , 2 0 2 2
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.
Additionally, Adjusted EPS excludes the impact of special
items and amortization expense associated with intangible assets.
2
PRO FORMA 2021 TO 2022 BRIDGE
3
2021 EPS from Continuing Operations 1.69$
Pro Forma & Special Items 1.33
Proforma 2021 Adjusted EPS 3.02$
FX Impact (0.22)
China Lockdowns / Russia Import Sales (0.24)
Outdoor High Performance (0.13)
Dyneema 0.06
Color, Additives and Inks 0.38
Legacy Specialty Engineered Materials 0.22
Other 0.01
Proforma 2022 Adjusted EPS 3.10$
COLOR, ADDITIVES AND INKS
7% (4%) (9%)
6% (10%)
0% 1%
2%
7%
10% 4% (3%)
12% (6%)
5% 6%
9%
610 650 624 649 587 565 581 526
2,402 2,390
589 650 589 649 543 565 545 526
2,266 2,390
116 121 112 119 93 95 88 79
409 414
113 121 106 119 87 95 84 79
390 414
10%
4
(1%)
PRO FORMA SPECIALTY ENGINEERED MATERIALS
16%8% (8%) (8%) 3% (6%) (6%)
(2%) 2%
20%12% (1%) (2%) 5% (1%) (2%)
3% 6%
314 338 348 343 325 300 321 295
1,308 1,276
303 338 329 343 303 300 301 295
1,236 1,276
67 78 75 77 70 66 66 62
278 283
65 78 73 77 67 66 63 62
268 283
5
Constant Currency Adjusted EPS
Adjusted EPS
PRO FORMA AVIENT
10% (3%) (21%)
3%
9% 5%
7% (5%) (9%)
(1%)
(1%) (12%)
1%
17% 8% (14%)
11%
14% 10%
11% 2% (3%)
5%
8% (5%)
7%
925 987 973 992 912 867 902 823
3,712 3,669
893 987 919 992 847 867 845 823
3,504 3,669
161 176 164 172 142 141 133 117
600 606
155 176 157 172 131 141 123 117
566 6068%
2%
0.84 0.98 0.87 0.96 0.70 0.68 0.61 0.48
3.02 3.10
0.79 0.98 0.82 0.96 0.63 0.68 0.56 0.48
2.80 3.10
17%
24%
6
March 31, 2022
March 31, 2021
Net income from continuing operations $ 64.7 $ 60.4
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income from continuing operations attributable to Avient shareholders $ 64.4 $ 0.70 $ 60.0 $ 0.65
Special items, after tax $ 6.4 $ 0.07 $ 2.6 $ 0.03
APM pro forma adjustments 2.6 0.03 (3.1) (0.03)
Amortization expense, after tax 17.4 0.19 17.9 0.19
Adjusted pro forma net income / EPS $ 90.8 $ 0.98 $ 77.4 $ 0.84
Weighted average diluted shares 92.3 92.2
June 30, 2022
June 30, 2021
Net income from continuing operations $ 62.8 $ 50.2
Net income attributable to noncontrolling interests — (0.6)
Net income from continuing operations attributable to Avient shareholders $ 62.8 $ 0.68 $ 49.6 $ 0.54
Special items, after tax $ 3.2 $ 0.03 $ 11.7 $ 0.13
APM pro forma adjustments 5.2 0.06 1.4 0.02
Amortization expense, after tax 17.2 0.19 17.8 0.19
Adjusted pro forma net income / EPS $ 88.4 $ 0.96 $ 80.5 $ 0.87
Weighted average diluted shares 92.1 92.4
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS
Net income from continuing operations $ 33.4
Net income attributable to noncontrolling interests 0.3
Net income from continuing operations attributable to Avient shareholders $ 33.7 $ 0.37
Special items, after tax $ 11.7 $ 0.13
APM pro forma adjustments 1.5 0.02
Amortization expense, after tax 17.6 0.19
Adjusted pro forma net income / EPS $ 64.5 $ 0.70
Weighted average diluted shares 92.2
Adjusted EPS may not recalculate due to rounding.
1
December 31, 2021
Year Ended
December 31, 2021
Net income from continuing operations $ 11.2 $ 155.2
Net income attributable to noncontrolling interests 0.9 0.2
Net income from continuing operations attributable to Avient shareholders $ 12.1 $ 0.13 $ 155.4 $ 1.69
Special items, after tax $ 24.0 $ 0.26 $ 50.0 $ 0.54
APM pro forma adjustments 2.5 0.03 1.6 0.02
Amortization expense, after tax 17.8 0.19 71.1 0.77
Adjusted pro forma net income / EPS $ 56.4 $ 0.61 $ 278.1 $ 3.02
Weighted average diluted shares 92.4 92.1
Reconciliation of Color, Additives and Inks EBITDA
Operating
Income 88.8 86.3 66.8 61.2 303.1 94.5 93.6
Depreciation and
amortization 27.4 25.3 26.6 26.4 105.7 26.0 25.9
EBITDA $ 116.2 $ 111.6 $ 93.4 $ 87.6 $ 408.8 $ 120.5 $ 119.5
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 32.6 9.1 41.7 35.8 13.9 49.7 30.0 15.2 45.2
Depreciation and
amortization 7.8 17.5 25.3 8.1 17.3 25.4 7.9 17.1 25.0
EBITDA $ 40.4 $ 26.6 $ 67.0 $ 43.9 $ 31.2 $ 75.1 $ 37.9 $ 32.3 $ 70.2
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 27.1 11.7 38.8 125.5 49.9 175.4
Depreciation and amortization 8.0 18.9 26.9 31.8 70.8 102.6
EBITDA $ 35.1 $ 30.6 $ 65.7 $ 157.3 $ 120.7 $ 278.0
2
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 38.3 15.4 53.7 35.2 17.7 52.9
Depreciation and amortization 7.8 16.6 24.4 7.7 16.6 24.3
EBITDA $ 46.1 $ 32.0 $ 78.1 $ 42.9 $ 34.3 $ 77.2
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from
continuing operations 60.4 (3.1) 57.3 50.2 1.4 51.6 33.4 1.5 34.9
Income tax expense 16.3 1.1 17.4 13.8 1.3 15.1 2.0 2.5 4.5
Interest expense 19.3 11.1 30.4 19.5 11.2 30.7 19.0 11.2 30.2
Depreciation and
amortization 36.9 17.5 54.4 33.6 17.3 50.9 36.6 17.1 53.7
EBITDA 132.9 26.6 159.5 117.1 31.2 148.3 91.0 32.3 123.3
Special items, before
tax 2.4 — 2.4 14.2 — 14.2 19.9 — 19.9
Depreciation included
in special items (0.6) — (0.6) 1.4 — 1.4 (0.9) — (0.9)
Adjusted EBITDA $ 134.7 $ 26.6 $ 161.3 $ 132.7 $ 31.2 $ 163.9 $ 110.0 $ 32.3 $ 142.3
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 11.2 2.5 13.7 155.2 1.6 156.8
Income tax expense 16.2 (1.9) 14.3 48.3 3.7 52.0
Interest expense 17.5 11.1 28.6 75.3 44.6 119.9
Depreciation and amortization 37.9 18.9 56.8 145.0 70.8 215.8
EBITDA 82.8 30.6 113.4 423.8 120.7 544.5
Special items, before tax 20.6 — 20.6 57.1 — 57.1
Depreciation included in special items (1.6) — (1.6) (1.7) — (1.7)
Adjusted EBITDA $ 101.8 $ 30.6 $ 132.4 $ 479.2 $ 120.7 $ 599.9
3
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 64.7 2.6 67.3 62.8 5.2 68.0
Income tax expense 20.0 1.7 21.7 22.7 1.4 24.1
Interest expense 16.9 11.1 28.0 16.2 11.1 27.3
Depreciation and amortization 37.6 16.6 54.2 36.3 16.6 52.9
EBITDA 139.2 32.0 171.2 138.0 34.3 172.3
Special items, before tax 6.6 — 6.6 0.9 — 0.9
Depreciation included in special items (2.1) — (2.1) (1.1) — (1.1)
Adjusted EBITDA $ 143.7 $ 32.0 $ 175.7 $ 137.8 $ 34.3 $ 172.1
Reconciliation of Specialty Engineered Pro Forma Sales
Sales 214.7 238.9 231.7 226.3 911.6 243.1 242.3
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 313.6 $ 347.7 $ 325.5 $ 321.2 $ 1,308.0 $ 337.9 $ 342.8
Reconciliation of Avient Pro Forma Sales
Sales 826.0 864.5 818.0 807.1 3,315.6 892.2 891.0
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 924.9 $ 973.3 $ 911.8 $ 902.0 $ 3,712.0 $ 987.0 $ 991.5
4
IR Slides
V17 - 9.26 324pm IR Deck - AVNT-2022.09.27 Pre Release v2
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
IR Deck - AVNT-2024.06.30 (Earnings)
AVIENT CORPORATION
S E C O N D 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)
AU G U S T 6 , 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.
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
3
Q2 2024 HIGHLIGHTS
• 5% organic sales growth supported by
broad-based growth across all regions
in both CAI and SEM segments
• Growth stemmed from gaining share,
winning new product specifications
and restocking in certain end markets
• Cost control and operational
discipline expanded EBITDA margins
by 100 bps
• EPS exceeded guidance by $0.05
and increased 21% vs the prior year
Adj.
EPS
+21%
$143 million
+9%
$143 million
+9%
Net Sales
$850 million
+3%
(+5% ex FX)
Net Sales
$850 million
+3%
(+5% ex FX)
Margin
16.9%
+100 bps
Margin
16.9%
+100 bps
Q 2 2024 R ES U LT S
Q2 2024 PERFORMANCE VS.
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_Elastomers_with_Universal_Bonding_Characteristics.pdf
TPE-1A peel adhesion
s
N
190C 205C
220C 235C
3 .1
2 .8 2 .8
2 .6
2 .1
2 .4 2 .4 2 .4
2 .1 2 .1
7
Figure 5.
TPE-1B peel adhesion
s
N
190C 205C
220C 235C
4 .3
4 .1
4 .0
2 .9
3 .3
3 .1
2 .8 2 .8 2 .9 2 .8
2 .4
Figure 6.
TPE-1A peel adhesion
s
N
25mm/sec 38mm/sec
51mm/sec 64mm/sec
2 .8 2 .82 .82 .8
2 .42 .42 .42 .4
2 .1
Figure 7.
https://www.avient.com/sites/default/files/2021-04/poland-commercial-excerpt.pdf
KONSTANTYNÓW ŁÓDZKI
2.Adres ul.
A NR 989/2002
- ZMIENIONO §§ 4; 7 UST. 1, 2, 5; 9 UST. 2, 3, 4; 11 UST. 2, 5;
11A UST. 4; 12 UST. 2; 13 UST. 2; 17 UST. 2 UMOWY SPÓŁKI;
2 20.01.2010 R , REP.
A NR 510/2010 , NOTARIUSZ WALDEMAR JEZIORSKI , KANCELARIA
NOTARIALNA W ZGIERZU - ZMIANA § 2 I § 4 UMOWY .
3 AKT NOTARIALNY Z DNIA 06.09.2011 R., REP A NR 2394/2011 NOTARIUSZ ANNA KOPCZYŃSKA
KANCELARIA NOTARIALNA W ŁODZI - ZMIANA §§ 4, 7, 8, 9, 11 UST.2 PKT G;
NOWY § 11 UST.2 PKT H;
ZMIANA NUMERACJI PKT-ÓW: H,I,J,K,L W § 11 UST.2 NA PKT:I,J,K,L,M;
ZMIANA § 11 UST.2 I 5,
ZMIANA NR §11A NA § 12 I ODPOWIEDNIA ZMINA NUMERACJI KOLEJNYCH PARAGRAFÓW;
ZMIANA §§: 12, 13 UST.1,2,4,5;
USUNIĘCIE § 13 UST.6;
ZMIANA § 14 UST.2 I § 15;
USUNIĘCIE § 16 UST.2, § 18 UST.1 UMOWY SPÓŁKI
4 11.06.2012R.
https://www.avient.com/sites/default/files/2022-06/Nymax BIO Bio-based Polyamide Solutions Processing Guide.pdf
Increase shot size
2.
Reset mold height
2.
Check settings
2.
https://www.avient.com/sites/default/files/2025-05/Advanced Composites Utility Poles Product Overview.pdf
KEY PERFORMANCE ADVANTAGES
Southern Yellow Pine1
Equivalent Wood Pole
GridCore FRP Pole2
14 in x .750 in
Length
(ft)
Load
Class3
Allowable Class
Load4 (kip)
Weight
(lb)
Deflection5
(in)
Weight
(lb)
Deflection5
(in)
40
3 1.95 1360 35
1040
12
2 2.41 1580 32 14
1 2.93 1810 30 18
H1 3.51 2050 28 21
H2 4.16 2310 26 25
45
3 1.95 1630 45
1170
17
2 2.41 1880 41 21
1 2.93 2160 38 26
H1 3.51 2450 36 31
H2 4.16 2760 33 37
50
3 1.95 1910 56
1300
24
2 2.41 2210 52 30
1 2.93 2530 48 36
H1 3.51 2880 45 44
H2 4.16 3240 42 52
55
3 1.95 2210 68
1430
33
2 2.41 2550 63 40
1 2.93 2930 58 49
H1 3.51 3320 54 59
H2 4.16 3740 51 70
60
3 1.95 2520 82
1560
43
2 2.41 2910 76 53
1 2.93 3340 70 65
H1 3.51 3790 65 78
H2 4.16 4270 61 92
65
3 1.95 2840 97
1690
56
2 2.41 3290 90 69
1 2.93 3770 83 84
H1 3.51 4280 77 100
H2 4.16 4820 72 119
70
3 1.95 3180 114
1820
71
2 2.41 3690 105 87
1 2.93 4220 97 106
H1 3.51 4790 90 127
H2 4.16 5390 85 150
POLE SELECTION GUIDE
1 Wood properties data are per ANSI O5.1-2022 Table 1.
For other species shown in the table above, contact Avient for suggestions.
2 FRP pole sizes are selected based on allowable Class loads specified in NESC Table 261-1.
https://www.avient.com/sites/default/files/2024-12/IATF16949 2016 Certificate for PolyOne shenzhen-EN2024.pdf
IATF Certificate
Place and date: For the issuing office:
Katy, TX, 10 December 2024
Revision 2
DNV - Business Assurance
1400 Ravello Drive, Katy, TX, 77449-
5164, USA
Sherif Mekkawy
Management Representative
Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
ACCREDITED UNIT: DNV Business Assurance USA Inc., 1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
Page 1 of 2
MANAGEMENT SYSTEM
CERTIFICATE
Certificate no.:
273138-2018-AQ-RGC-IATF
IATF Certificate No:
0558323
Valid:
10 December 2024 – 09 December 2027
This is to certify that the management system of
Polyone - Shenzhen Co., Ltd.
ACCREDITED UNIT: DNV Business Assurance USA Inc., 1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
Page 2 of 2
Appendix to Certificate
Polyone - Shenzhen Co., Ltd.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-processing-guide.pdf
Increase shot size
2.
Increase shot size
2.
Increase gate size
2.
https://www.avient.com/sites/default/files/2024-03/Edgetek PKE High Impact Formulations Technical Bulletin.pdf
TECHNICAL
PROPERTIES(1) TEST METHOD
Edgetek™
ET8900-0011
HI UV NAT
Edgetek™
ET8900-0012
HI UV White
Edgetek™
ET8900-0013
HI UV Black
Physical
Density/Specific Gravity ASTM D792 1.13 g/cm3 1.15 g/cm3 1.13 g/cm3
Molding Shrinkage - Flow ASTM D955 1.4–2% 1.4–2% 1.4–2%
Mechanical
Tensile Strength (Yield) ASTM D638 5,900 psi 5,800 psi 5,800 psi
Tensile Modulus(2) ASTM D638 169,000 psi 161,087 psi 176,000 psi
Flexural Modulus(3) ASTM D790 187,000 psi 190,985 psi 188,000 psi
Impact
Notched Izod Impact
73°F (23°C), 0.125 in ASTM D256A 17.3 ft-lb/in 16.5 ft-lb/in 16.5 ft-lb/in
Notched Izod Impact
-22°F (-30°C), 0.125 in ASTM D256A 3.2 ft-lb/in 3.0 ft-lb/in 3.3 ft-lb/in
Thermal (HDT)
66 psi (0.45 MPa), 0.125 in ASTM D648 121°C 135°C 129°C
NORTH AMERICA GRADES
(1) Data based on single lot of lab generated samples.
Values are not to be construed as specifications.
(2) 2.0 in/min
(3) 0.5 in/min