https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
Patterson, Chairman, President and Chief Executive Officer, Avient Corporation.
Beggs, Senior Vice President and Chief Financial Officer, Avient Corporation.
Three Months Ended December 31, Year Ended December 31, 2021 2020 2021 2020 Sales: Color, Additives and Inks $ 581.3 $ 525.8 $ 2,401.6 $ 1,502.9 Specialty Engineered Materials 228.2 190.6 918.9 708.8 Distribution 425.0 305.1 1,630.9 1,110.3 Corporate and eliminations (33.0) (24.5) (132.6) (79.9) Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1 Gross margin: Color, Additives and Inks $ 164.5 $ 164.3 $ 727.5 $ 484.4 Specialty Engineered Materials 60.0 59.1 257.4 207.6 Distribution 36.5 32.4 155.8 124.0 Corporate and eliminations (7.9) (2.9) (41.1) (31.7) Gross margin $ 253.1 $ 252.9 $ 1,099.6 $ 784.3 Selling and administrative expense: Color, Additives and Inks $ 103.3 $ 106.8 $ 424.4 $ 303.6 Specialty Engineered Materials 31.2 28.7 125.4 113.2 Distribution 14.8 14.4 62.6 54.5 Corporate and eliminations 29.8 38.0 106.0 123.7 Selling and administrative expense $ 179.1 $ 187.9 $ 718.4 $ 595.0 Operating income: Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8 Specialty Engineered Materials 28.8 30.4 132.0 94.4 Distribution 21.7 18.0 93.2 69.5 Corporate and eliminations (37.7) (40.9) (147.1) (155.4) Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3 13 Attachment 7 Avient Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) (In millions, except per share data) Senior management uses gross margin before special items and operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference.pdf
PolyOne Investor Presentation November 2017 POLYONE CORPORATION 2 In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
The non-GAAP financial measures include: adjusted EPS, Specialty platform operating income percentage, adjusted operating income, and return on invested capital. PolyOne’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources.
Senior management believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature, tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/2024-03/AVNT February IR Presentation_w_Non-GAAP Recs_v2.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.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
Free Cash Flow Calculation December 31, 2023 Cash provided by operating activities $ 201.6 Taxes paid on gain on sale of business 104.1 Adjusted cash provided by operating activities $ 305.7 Capital expenditures $ (119.4) Free cash flow $ 186.3 2 Three Months Ended December 31, Year Ended December 31, 2023 2022 2023 2022 Sales: Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0 Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4 Corporate (0.2) (1.2) (2.8) (2.5) Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Operating income: Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0 Specialty Engineered Materials 29.4 35.2 142.5 140.1 Corporate (48.1) (79.1) (205.6) (197.8) Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3 Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7) Depreciation & amortization: Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3 Specialty Engineered Materials 19.8 20.3 81.5 48.7 Corporate 2.2 3.1 9.0 12.5 Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3 Specialty Engineered Materials 49.2 55.5 224.0 188.8 Corporate (45.9) (76.0) (196.6) (185.3) Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7) EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1 Special items in EBITDA 22.3 86.8 110.4 162.5 EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6 APM pro forma adjustments - 8 months 2022* — — — 83.1 Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7 * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership). 3 AVNT February IR Presentation_w_Non-GAAP Recs.pdf AVNT February IR Presentation.pdf Avient corporation�investor presentation DISCLAIMER Slide Number 3 Creating a world-class�sustainable organization Top-tier sustainability performance�and recognition Slide Number 6 Slide Number 7 Portfolio transformation Slide Number 9 END MARKET observations�(% of company sales) Regional observations�(% of company sales) Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 Slide Number 18 Slide Number 19 Slide Number 20 Slide Number 21 Slide Number 22 2023 segment, end market and Geography Color, Additives & Inks Specialty Engineered Materials Slide Number 26 AVNT Q4 2023 Earnings Presentation.pdf AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf Attachment 3.26.24 - Public Lender Presentation Non-GAAP Attachments (005).pdf
https://www.avient.com/sites/default/files/2024-06/EEO Policy Jan 2024.pdf
Microsoft Word - eeo docs rev avient jan 2024 January 2024 EQUAL EMPLOYMENT OPPORTUNITY POLICY Avient Corporation provides equal opportunity in all aspects of its employment practices.
This policy extends to freedom from unlawful discrimination, harassment or intimidation in all aspects of employment, including recruitment, hiring, working conditions, compensation, training, discipline, promotions, transfers, lay-offs, and termination.
Ashish Khandpur President and CEO
https://www.avient.com/news/archives?page=52
PolyOne Specialty Coatings and Inks Kennesaw, GA Plant Achieves ISO 9001-2008 Certification
CLEVELAND – PolyOne today announced that its Specialty Coating and Inks plant in Kennesaw, GA recently achieved ISO 9001-2008 certification.
Avient Announces Quarterly Dividend...
https://www.avient.com/industries/energy/alternative-energy
Our specialty polymers help the alternative energy industry manufacture more efficiently and operate more sustainably.
Catheter Materials & Medical Tubing
Engineered Polymer Formulations
https://www.avient.com/investor-center/investor-news/archives?page=36
PolyOne Expands Specialty Offerings with Acquisition of Magenta Master Fibers
Specialty acquisition broadens solutions portfolio of colorant and additives technologies for fiber applications
- Extends PolyOne's existing rea
PolyOne Associates Raise Over $1.5 Million for United Way
https://www.avient.com/products/fiber-line-engineered-fiber-solutions
Fiber-Line™ Engineered Fibers
Engineered Fiber Solutions
Whether you are looking for added strength, reduction in weight or diameter, or replacement for metal, Avient’s Fiber-Line™ Engineered Fiber Solutions are designed to meet the most specific and demanding requirements.
https://www.avient.com/knowledge-base/ebook/smarter-materials-mobile-phone-cases
As a design engineer at a phone case company, you need to stand out from your competitors and capture consumers’ attention.
Material benefits of TPU, PC, Silicone, & TPE
Smarter Materials™ for Mobile Phone Cases
https://www.avient.com/news/polyone-expands-pre-certified-biocompatible-healthcare-portfolio
PolyOne Corporation, with 2013 revenues of $3.8 billion, is a premier provider of specialized polymer materials, services and solutions.
Avient Announces Second Quarter 2025 Results...
Avient Announces Quarterly Dividend...