https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
ITEM 1.
Newlin, certify that:
1.
Richardson, certify that:
1.
https://www.avient.com/sites/default/files/2022-03/CESA Extend Product Selector Guide.pdf
CESA™ Extend Additives
Chain Extension
CESA EXTEND – STANDARD OFFERINGS
PRODUCT SELECTION GUIDE
POLYMER FAMILY MATERIAL PRODUCT NAME PRODUCT TYPE DOSAGE
Nylon ABA0698501 CESA Extend 78501L Linear 1–6%
Nylon ABA0698502 CESA Extend 78502X Branched 1–6%
Polyester NBA0698490 CESA Extend 58490 Linear 1–6%
Polyester NBA0820023 CESA Extend NBA0820023 Branched 1–6%
Polycarbonate NCA0820004 CESA Extend 90032 Linear 1–6%
Polycarbonate NCA0820005 CESA Extend 90033 Branched 1–6%
TPU RUA0698460 CESA Extend 88460 Linear 1–6%
TPU RUA0698455 CESA Extend 88455 Branched 1–6%
CESA Extend additives can be used in combination with other CESA masterbatches, and formulations can be customized for most applications.
https://www.avient.com/sites/default/files/2025-03/380605_AVIENT_2024AR_full_250325.pdf
Sequeira
Vice President, Chief Information Officer
Leadership
Committees
1.
Committees: 1, 2
Gregory J.
Committees: 1, 4
Kim Ann Mink, Ph.D.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
Garratt(1) 20,000 14,126 20,267
M.
Nikrant 20,000 N/A 68,761
(1) Mr.
1) Compensation forff Mr.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
Operating Income
$3,783
$4,100
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
$308
$360
$308
$410
$1.93
$2.40
$1.93
$2.80
(1) (1)(1)
(1)(1) (1)
$442
$457
$560
$1.74
$1.93
$2.80
FULL YEAR 2019 – 2021 ORGANIC GROWTH
23
Sales Adjusted EBITDA
$3,981
$3,783
$4,300
+ 8%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 27% + 61%
24
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
($ in millions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
END MARKET FOCUS ON LESS CYCLICAL
INDUSTRIES
11
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPECIALTY EBITDA MARGIN EXPANSION
12
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
13
Adj.
The Q3 2022 "Pro Forma
APM" adjustments reflect periods prior to the acquisition date and are preliminary estimates for APM’s results for the months of July and August.
2
Reconciliation of Avient consolidated pro forma EBITDA
Avient(1)
Pro
forma
APM(1)
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from continuing operations (27.8) 3.9 (23.9) 33.4 0.3 33.7
Income tax expense (1.2) 0.6 (0.6) 2.0 2.5 4.5
Interest expense 37.3 1.8 39.1 19.0 11.2 30.2
Depreciation and amortization 39.8 10.9 50.7 36.6 18.4 55.0
EBITDA 48.1 17.2 65.3 91.0 32.4 123.4
Special items, before tax 82.0 — 82.0 19.9 — 19.9
Interest expense included in special items (10.0) — (10.0) — — —
Depreciation included in special items (0.8) — (0.8) (0.9) — (0.9)
Adjusted EBITDA $ 119.3 $ 17.2 $ 136.5 $ 110.0 $ 32.4 $ 142.4
(1) - Q3 2022 Avient results reflect one month of APM’s results while owned by Avient, as the acquisition closed on September 1, 2022.
https://www.avient.com/sites/default/files/2024-07/CCG Application Snapshot Evoluscend Mold Release_Final.pdf
(*) manufactured without intentionally added PFAS and without PTFE
(1) refers to sulfone products only
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/colorant-chromatics-evoluscend-non-pfas-high-temperature-mold-release-additive
Slide Number 1
https://www.avient.com/sites/default/files/2020-12/therma-tech-processing-guide.pdf
Runners
1.
Venting
1.
Draft Angle 1.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
ITEM 1.
Patterson, certify that:
1.
Committee: 2
COMMITTEES
1.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Birmingham, Alabama 1.
Interest on the 2030 Notes is payable
semi-annually in arrears on February 1 and August 1 of each year, commencing on February 1, 2023.
Beggs, certify that:
1.