https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
Cesa™ Mix Additives
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/short-fiber-reinforced-formulations
Cesa™ Mix Additives
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations
Cesa™ Mix Additives
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols
Cesa™ Mix Additives
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers
Cesa™ Mix Additives
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
https://www.avient.com/sites/default/files/2020-08/advanced-composites-overview-brochure_0.pdf
AVIENT ADVANCED COMPOSITES OVERVIEW LOWER ENERGY COSTS Requires less energy during installation and use INCREASE COMPETITIVE ADVANTAGE Customizable solutions for specific application needs REDUCE PRODUCT LIFECYCLE COSTS Lower installation time, as well as warranty and �part replacement � expenses EXTEND PRODUCT LIFETIME Corrosion, flame, fatigue and UV resistant for improved durability DESIGN STRONG, LIGHTER WEIGHT COMPONENTS Up to 75% lighter than steel and up to 25% lighter than aluminum ADVANCED COMPOSITES An exceptional alternative to traditional materials such as wood, ceramic and metal, advanced composite solutions enable designers to: • Design lighter weight structural components for increased lifetime performance and improved fuel efficiency—higher strength-to-weight ratios to exceed the structural performance of traditional materials while significantly reducing weight—up to 75% lighter than steel and up to 25% lighter than aluminum • Extend product lifetime to reduce part replacement and decrease warranty expenses— the corrosion, weather, flame and fatigue resistance of composite solutions improve component durability • Reduce product lifecycle costs—the extended product lifetime, along with the potential for reduced installation time and cost due to the lighter weight of composite solutions, significantly reduces the associated cost over the lifetime of a part • Lower energy costs—by leveraging a higher strength-to-weight ratio, composite solutions allow designers to engineer products that require less energy or power during installation and use • Increase competitive advantage—Avient advanced composite solutions can be customized to provide electrical insulation, thermal insulation, radiopacity, low thermal expansion, flexural memory and load damping, while delivering desired performance and aesthetic specifications TRANSPORTATION Truck floors, liners and aerodynamic components, rail car doors and panels, automotive structural solutions, leaf springs, traffic safety markers and delineators, air cargo unit load devices (ULDs) The Avient advanced composites portfolio offers customized solutions to serve a full range of markets and industries, including: USES & APPLICATIONS ENERGY Wind turbine blade stiffening components, sucker rods, oil & gas production solutions BUILDING & CONSTRUCTION Structural blast protection, garage doors, modular construction, temporary shelters, architectural columns, concrete and masonry reinforcements, pipe reinforcement HEALTHCARE External orthopedic fixators, endoscopy wands, prosthetics MARINE Panels for decking, bulkheads, cabinets, doors, transoms, ceilings; reinforcements for stringers; sail battens CONSUMER & RECREATION Archery bow limbs and risers, furniture springs, diving board springs, golf flagpoles, snowsports equipment, sporting stick shafts, paddle shafts, lightweight and extendable mast structures ELECTRICAL & TELECOMMUNICATIONS Utility poles and cross-arms, high voltage transmission & distribution insulator cores, surge arresters, bus bar covers and electrical tool components INDUSTRIAL Pallet stiffeners, pipe reinforcement, conveyor springs, dock shelters PROCESSES & CAPABILITIES Avient’s reinforced composite technologies use carbon, glass and aramid fibers with custom formulated thermoset or thermoplastic resins in continuous forming processes.
These methods include: PULTRUSION • Fibers are impregnated with liquid thermoset resins, then pulled through a heated die to cure the resin and form the product • This continuous, automated manufacturing process creates constant cross section profiles of any pre-determined length with consistent, uniform quality and exceptional mechanical performance • Applications include rods and profiles of various lengths and complexities, such as utility poles, insulator core rods and structural beams CONTINUOUS FILAMENT WINDING • Combines the principles of filament winding with pultrusion to create constant or tapered cross- sectional tubing in precision sizes • The unique axial and biaxial fiber orientation provides flexural and tensile strength, as well as crush and burst resistance • Applications include lightweight shelter frames and sporting goods components CONTINUOUS RESIN TRANSFER MOLDING (CRTM™) • Engineered core materials are sandwiched between structural composite laminate face sheets • Continuous composite sandwich panels feature high specific strength and stiffness-to-weight ratio • Applications include ballistic resistant panels, truck floors and rail car doors CONTINUOUS FIBER REINFORCED THERMOPLASTICS • Fully recyclable tape, X-Ply™ (0°/90°), and other multi-ply configurations with widths up to 10' wide • Sandwich panels in unlimited lengths, up to 6" thick and 10' wide • High volume production capacity • Applications include structural and aerodynamic components in transportation, and reinforcement of materials such as wood and metal THERMOSET COMPOSITE LAMINATES & BARSTOCK • Unidirectionally reinforced barstock, laminates and hybrid composites engineered to maximize deflection and fatigue resistance • Customizable shapes and sizes • Applications include archery bow limbs, flat springs, prosthetics, sporting equipment THERMOSET FINISHING OPERATIONS • Customized finishing capabilities for barstock and laminates including machining, water-jet cutting, profiling/shaping, sanding, slitting, laminating, molding and coatings TESTING CAPABILITIES • Mechanical – Flexural, tensile, compression, shear, fatigue, impact resistance • Physical – Specific gravity/density, Barcol hardness, water absorption, void content, resin/fiber content, dye penetrant, viscosity • Thermomechanical – Coefficient of linear thermal expansion, glass transition temperature, deflection temperature, degree of cure, curing properties • Electrical – High-voltage, low current dry arc resistance of solid electrical insulation, dielectric strength, water diffusion ABOUT AVIENT ADVANCED COMPOSITES The Avient advanced composites portfolio consists of Glasforms™, Gordon Composites™ and Polystrand™ branded materials.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
EY will provide us a description of work scope and supporting back-up documentation regarding the specific services they will provide.
Tax gross-ups are provided for imputed income for spouse/guest travel.
Tax Gross-ups.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
News Release - AVNT-2023.12.31-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Fourth Quarter and Full Year 2023 Results • Fourth quarter and full year GAAP EPS of $0.30 and $0.83 compared to $(0.19) and $0.90 from continuing operations in the prior year • Fourth quarter and full year adjusted EPS of $0.52 and $2.36 exceeds guidance of $0.47 and $2.30 as a result of favorable sales as well as lower net interest expense • Fourth quarter adjusted EPS increased 24% over the prior year pro forma adjusted EPS primarily driven by improved margins from positive portfolio mix, raw material deflation and cost reduction actions • 2024 full year adjusted EPS expected to range from $2.40 to $2.65 as destocking comes to an end and underlying demand starts to improve CLEVELAND – February 14, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its fourth quarter and full year results for 2023.
Accordingly, we expect first quarter adjusted EPS of $0.68, up 8% from $0.63 in 2023."
Three Months Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income (loss) from continuing operations attributable to Avient shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19) Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42 Amortization expense, after-tax 15.0 0.16 14.6 0.16 Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90 Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26 Amortization expense, after-tax 61.5 0.67 49.0 0.53 Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69 (1) Per share amounts may not recalculate from figures presented herein due to rounding 7 Attachment 2 Avient Corporation Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended December 31, Year Ended December 31, 2023 2022 2023 2022 Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Cost of sales 510.1 618.4 2,250.3 2,514.2 Gross margin 208.9 172.0 892.5 882.7 Selling and administrative expense 165.8 171.6 695.7 639.4 Operating income 43.1 0.4 196.8 243.3 Interest expense, net (26.8) (49.4) (115.3) (119.8) Other income (expense), net 4.3 (28.4) 5.8 (59.7) Income (loss) from continuing operations before income taxes 20.6 (77.4) 87.3 63.8 Income tax benefit (expense) 7.0 60.8 (11.0) 19.3 Net income (loss) from continuing operations 27.6 (16.6) 76.3 83.1 Income (loss) from discontinued operations, net of income taxes 0.8 561.5 (0.1) 620.3 Net income 28.4 544.9 76.2 703.4 Net loss (income) attributable to noncontrolling interests 0.2 (0.4) (0.5) (0.3) Net income attributable to Avient common shareholders $ 28.6 $ 544.5 $ 75.7 $ 703.1 Earnings (loss) per share attributable to Avient common shareholders - Basic: Continuing operations $ 0.30 $ (0.19) $ 0.83 $ 0.91 Discontinued operations 0.01 6.17 — 6.80 Total $ 0.31 $ 5.98 $ 0.83 $ 7.71 Earnings (loss) per share attributable to Avient common shareholders - Diluted: Continuing operations $ 0.30 $ (0.19) $ 0.83 $ 0.90 Discontinued operations 0.01 6.17 — 6.73 Total $ 0.31 $ 5.98 $ 0.83 $ 7.63 Cash dividends declared per share of common stock $ 0.2575 $ 0.2475 $ 1.0000 $ 0.9600 Weighted-average shares used to compute earnings per common share: Basic 91.2 91.0 91.1 91.2 Diluted 91.9 91.0 91.8 92.2 8 Attachment 3 Avient Corporation Summary of Special Items (Unaudited) (In millions, except per share data) Special items (1) Three Months Ended December 31, Year Ended December 31, 2023 2022 2023 2022 Cost of sales: Restructuring costs, including accelerated depreciation $ (2.0) $ (21.3) $ (11.9) $ (31.1) Environmental remediation costs (17.2) (0.4) (69.7) (24.2) Reimbursement of previously incurred environmental costs 1.6 — 1.6 8.3 Acquisition related costs — (23.8) — (34.1) Impact on cost of sales (17.6) (45.5) (80.0) (81.1) Selling and administrative expense: Restructuring and employee separation costs (1.1) (4.3) (14.9) (5.3) Legal and other (6.1) (4.0) (15.2) (3.0) Acquisition related costs (1.3) (6.1) (5.9) (19.3) Impact on selling and administrative expense (8.5) (14.4) (36.0) (27.6) Impact on operating income (26.1) (59.9) (116.0) (108.7) Interest expense, net - financing costs (0.1) (16.0) (2.3) (26.0) Mark-to-market on derivatives — — — (30.9) Pension and post retirement mark-to-market adjustment and other 3.8 (28.4) 3.7 (28.4) Impact on other income (expense), net 3.8 (28.4) 3.7 (59.3) Impact on income from continuing operations before income taxes (22.4) (104.3) (114.6) (194.0) Income tax benefit on above special items 4.5 26.8 27.7 49.4 Tax adjustments(2) 12.5 39.2 7.6 28.4 Impact of special items on net income from continuing operations $ (5.4) $ (38.3) $ (79.3) $ (116.2) Diluted earnings per common share impact $ (0.06) $ (0.42) $ (0.86) $ (1.26) Weighted average shares used to compute adjusted earnings per share: Diluted 91.9 91.7 91.8 92.2 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the establishment, reversal or changes to valuation allowances. 9 Special items (1) Three Months Ended March 31, 2023 Cost of sales: Restructuring costs, including accelerated depreciation $ (6.6) Environmental remediation costs (1.4) Impact on cost of sales (8.0) Selling and administrative expense: Restructuring and employee separation costs (11.3) Legal and other (4.4) Acquisition related costs (3.4) Impact on selling and administrative expense (19.1) Impact on operating income (27.1) Other loss (0.2) Impact on income from continuing operations before income taxes (27.3) Income tax expense on above special items 6.9 Tax adjustments(2) (1.9) Impact of special items on net income from continuing operations $ (22.3) Diluted earnings per common share impact $ (0.24) Weighted average shares used to compute adjusted earnings per share: Diluted 91.8 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to- market adjustments associated with gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results. (2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the establishment, reversal or changes to valuation allowances. 10 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (Unaudited) (In millions) Year Ended December 31, 2023 2022 ASSETS Current assets: Cash and cash equivalents $ 545.8 $ 641.1 Accounts receivable, net 399.9 440.6 Inventories, net 347.0 372.7 Other current assets 114.9 115.3 Total current assets 1,407.6 1,569.7 Property, net 1,028.9 1,049.2 Goodwill 1,719.3 1,671.9 Intangible assets, net 1,590.8 1,597.6 Operating lease assets, net 65.3 60.4 Other non-current assets 156.6 136.2 Total assets $ 5,968.5 $ 6,085.0 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 9.5 $ 2.2 Accounts payable 432.3 454.4 Current operating lease obligations 16.6 17.0 Accrued expenses and other current liabilities 315.2 395.8 Total current liabilities 773.6 869.4 Non-current liabilities: Long-term debt 2,070.5 2,176.7 Pension and other post-retirement benefits 67.2 67.2 Deferred income taxes 281.6 342.5 Non-current operating lease obligations 43.2 40.9 Other non-current liabilities 394.4 235.5 Total non-current liabilities 2,856.9 2,862.8 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,319.2 2,334.5 Noncontrolling interest 18.8 18.3 Total equity 2,338.0 2,352.8 Total liabilities and equity $ 5,968.5 $ 6,085.0 11 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Year Ended December 31, 2023 2022 Operating activities Net income $ 76.2 $ 703.4 Adjustments to reconcile net income to net cash provided by operating activities: Gain on sale of business, net of tax expense — (550.1) Depreciation and amortization 186.9 157.6 Accelerated depreciation 1.9 5.5 Amortization of inventory step-up — 34.4 Deferred income tax (benefit) expense (61.3) 0.5 Share-based compensation expense 13.2 13.2 Changes in assets and liabilities, net of the effect of acquisitions: Decrease in accounts receivable 38.6 32.6 Decrease in inventories 24.3 14.0 (Decrease) increase in accounts payable (22.2) 10.7 (Decrease) increase in pension and other post-retirement benefits (15.1) 7.1 Taxes paid on gain on sale of business (104.1) (2.8) Accrued expenses and other assets and liabilities, net 63.2 (27.7) Net cash provided by operating activities 201.6 398.4 Investing activities Capital expenditures (119.4) (105.5) Business acquisitions, net of cash acquired — (1,426.1) Settlement of foreign exchange derivatives — 93.3 Net proceeds from divestiture 7.3 928.2 Proceeds from plant closures 7.6 6.1 Other investing activities 10.3 — Net cash used by investing activities (94.2) (504.0) Financing activities Debt offering proceeds — 1,300.0 Purchase of common shares for treasury — (36.4) Cash dividends paid (90.2) (86.8) Repayment of long-term debt (105.8) (956.8) Payments on withholding tax on share awards (3.4) (4.3) Debt financing costs (2.3) (49.3) Net cash (used) provided by financing activities (201.7) 166.4 Effect of exchange rate changes on cash (1.0) (20.9) (Decrease) increase in cash and cash equivalents (95.3) 39.9 Cash and cash equivalents at beginning of year 641.1 601.2 Cash and cash equivalents at end of year $ 545.8 $ 641.1 12 Attachment 6 Avient Corporation Business Segment Operations (Unaudited) (In millions) Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2023-04/ColorMatrix UV Brochure.pdf
Protection up to 575nm is possible, whilst also maintaining transparency.
Ultimate UV technology provides an effective UV barrier allowing less than 10% UV light transmission up to 395nm—the edge of the visible spectrum (see graph below).
ColorMatrix™ Ultimate™ UV390 ColorMatrix™ Ultimate™ UV390R UV Protection Up to 390 nm Up to 390 nm User Convertor Convertor Color Colorless Colorless Recycling Accreditation EPBP APR EPBP* APR* Lightweighting ✘ ✔ Productivity Saving ✘ ✔ * Individual components are EPBP approved Product Type CC Code EU FDA Mercosur China ColorMatrix™ Ultimate™ UV 390 CC01055275 • • • • ColorMatrixw Ultimate™ UV 390R CC10348919 • • • – Food contact uses are subject to regulatory limitations and use conditions COLORMATRIX™ ULTIMATE™ UV TECHNICAL AND REGULATORY INFORMATION
https://www.avient.com/investor-center/news/polyone-signs-agreement-divest-performance-products-and-solutions-business-segment
As discussed on our second quarter conference call, margins are expanding as a result of improved mix, pricing and cost reductions."