https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
We help our customers increase post-
consumer recycled content, formulate with bio-based materials, use less material during production,
reduce energy required for production, and build alternative energy applications.
In 2019, our Board approved an amendment to the Avient Supplemental Retirement Benefit Plan to add a
Company stock fund investment feature to mirror the investment alternatives available under the
Qualified Savings Plan.
Non-GAAP financial measures have limitations as analytical
tools and should not be considered in isolation from, or solely as alternatives to, financial measures
prepared in accordance with GAAP.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale in Turkey.pdf
Seller may change
the price and/or terms of delivery and shipment at
any time up until delivery, except where a written
alternative pricing mechanism exists that is signed
by Seller.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Sweden.pdf
Seller may change the price
and/or terms of delivery and shipment at any time up until de-
livery, except where a written alternative pricing mechanism
exists that is signed by Seller.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the Kingdom of Saudi Arabia.pdf
Seller may change the price and/or
terms of delivery and shipment at any time up until delivery, except where
a written alternative pricing mechanism exists that is signed by Seller.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
Operating Income
$3,783
$4,300
2020PF 2021E
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,650
2020PF 2021E
$308
$410
2020PF 2021E
$308
$430
2020PF 2021E
$1.93
$2.80
2020PF 2021E
$1.93
$3.00
2020PF 2021E
(1) (1)(1)
(1)(1) (1)
(in millions) (in millions)
$442
$457
$580
2019PF 2020PF 2021E
$1.74
$1.93
$3.00
2019PF 2020PF 2021E
FULL YEAR 2019 – 2021 ORGANIC GROWTH
( T O TA L C O M PA N Y )
22
Sales Adjusted EBITDA
$3,981
$3,783
$4,650
2019PF 2020PF 2021E
+ 17%
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1) (1)
(in millions) (in millions)
(1)(1)
+ 31% + 72%
(1) (1)
($ in millions)
2021E Adjusted EBITDA 580$
Free Cash Flow 280$
Total Debt 1,860
Less: Cash (755)
Net Debt 1,105$
2021E Net Debt / Adjusted EBITDA 1.9x
23
BA L A N C E S H E E T
• Acquisition of Magna Colours completed on
July 1 – expands sustainable solutions
portfolio through water-based inks technology
• Deleveraging to 1.9x net debt to adjusted
EBITDA by the end of 2021
• Driven by record adjusted EBITDA
performance and strong free cash flow
generation from asset light business
• Future cash deployment: M&A, opportunistic
share repurchases and balance sheet /
continued leverage reduction
3.5x
2.7x
1.9x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
24
• Revenue from sustainable solutions expected to
grow 14% in 2021 as our innovation efforts and
collaboration with customers continues to accelerate
• Investments centered around innovation and global
sustainability megatrends
o Enabling a circular economy – Technologies that
allow for increased use of post-consumer recycled
(PCR) material and improve recyclability of plastics
o Light-weighting – Composites and CAI applications
to reduce weight and material requirements, which
minimize energy and carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative materials
to replace lead, PVC, halogens, BPA and other less
eco-friendly options
24
2016 2017 2018 2019 2020PF**
Bio-polymers Reduced Energy Use Human Health & Safety
Sustainable Infrastructure VOC Reduction Recycle Solutions
Eco-Conscious Lightweighting
Revenue From Sustainable Solutions* 2016-2020
$405M
$455M
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Masterbatch business
$340M
$550M
$790M
24
25
Key Updates
• Includes Clariant Masterbatch performance
• Increases disclosures and ESG data
• Provides performance updates on 2030 Sustainability Goals
• Commits to operational carbon neutrality in 2050 and 100%
renewable energy by 2050 (RE 100)
• Announces Avient’s participation in U.N.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_USA.pdf
Both parties in this type of relationship must notify their
supervisor and human resources manager immediately so
that alternatives and consequences can be discussed.
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Italy.pdf
Adeguamento Termini; Consegna
Seller may change the price and/or terms of delivery and
shipment at any time up until delivery, except where a
written alternative pricing mechanism exists that is signed by
Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
Seller may change the
price and/or terms of delivery and shipment at any time
up until delivery, except where a written alternative
pricing mechanism exists that is signed by Seller in the
contract which is subject to these Terms.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
Seller may
change the price and/or terms of delivery and
shipment at any time up until delivery, except
where a written alternative pricing mechanism
exists that is signed by Seller.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
We take 3 strategies to enable our customers to lower their carbon footprint:
Reduce the carbon footprint of the polymer
• Enable expanded use of recycled content
• Expand product portfolio to include more bio/renewable-based resources
• Enable the use of more carbon-efficient alternatives
Reduce the carbon impact during end-use
• Lightweighting
• Leverage design expertise to drive product efficiencies
Improve the recycling process
• Upgrade downcycled material to a higher quality level
• Stabilize the polymers in the recycling process
Where products meet Avient’s sustainability standard, they carry the Sustainable
Solutions label which also helps our customers achieve their sustainability goals through
product offerings that have a lower overall emissions footprint.
As the world continues to shift from a linear economy to a circular economy,
we will continue to help our customers increase post-consumer recycled content,
formulate with bio-based materials, use less material during production, reduce energy
required for production, and build alternative energy applications.
We take 3 strategies to enable our customers to lower their
carbon footprint:
Reduce the carbon footprint of the polymer
• Enable expanded use of recycled content
• Expand product portfolio to include more bio/renewable-based resources
• Enable the use of more carbon-efficient alternatives
Reduce the carbon impact during end-use
• Lightweighting
• Leverage design expertise to drive product efficiencies
Improve the recycling process
• Upgrade downcycled material to a higher quality level
• Stabilize the polymers in the recycling process
Our products and their impact can be found making a positive difference in nearly every
industry such as:
• Delivering light-weighting benefits in rail, auto, and aerospace to improve fuel
efficiency
Avient CDP Climate Change Questionnaire 2022 Friday, July 29, 2022
112
• Extending shelf-life and recyclability or food and beverage packaging to reduce
spoilage and waste
• Advancing healthcare innovation of medical devices with materials that enable
disinfection as well as minimize the spread of infection
• In addition, specialized polymer and composite solutions are also helping ensure that
customers’ sustainable products come to life, as Avient materials can be used in the
design of innovative renewable technologies such as wind turbines and solar panels.