https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for France.pdf
Seller may change the price of the Product 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/2022-03/Avient 2022 Proxy Statement.pdf
The amounts deferred are credited to accounts
selected by the Named Executive Officer that mirror the investment alternatives available in our 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.
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/AS-FILED EF20024640 Avient Corp ARS.pdf
Depending upon the results of future testing, the ultimate remediation alternatives
undertaken, changes in regulations, new information, newly discovered conditions and other factors, it is reasonably
possible that we could incur additional costs in excess of the amount accrued.
In determining the effective
income tax rate, the Company analyzes various factors, including annual earnings, the laws of taxing jurisdictions in
which the earnings were generated, the impact of state and local income taxes, the ability to use tax credits, net
operating loss carryforwards, and available planning alternatives.
This plan reserved 2.5 million common shares for the award of a variety of share-based compensation
alternatives, including non-qualified stock options, incentive stock options, restricted stock, restricted stock units
(RSUs), performance shares, performance units and stock appreciation rights (SARs).
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
While we have developed contingency plans to flex and
shift production in the case of temporary shutdowns or closures of our manufacturing facilities, we may be unable to
shift all impacted operations to alternatives sites.
If we are unable to generate sufficient cash flow
to meet our debt service obligations, we will have to pursue one or more alternatives, such as reducing or delaying
capital or other expenditures, refinancing debt, selling assets, or raising equity capital.
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/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.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 the case of the Say on Frequency proposal, the Board expects to be
guided by the voting option that receives the greatest number of votes, even if that alternative does not
receive a majority vote.
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/resources/PolyOne%25202013%2520Annual%2520Report.pdf
We may also experience increased competition from companies that offer products based on
alternative technologies and processes that may be more competitive or better in price or performance,
causing us to lose customers.
Based on the current funded status of the plan, our
pension asset investment allocation guidelines are to invest 70% to 80% in fixed income securities,
20% to 30% in equity securities and 0% to 10% in alternative investments and cash.
These alternative
investments may include funds of multiple asset investment strategies and funds of hedge funds.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
We may also experience increased competition from companies that offer products based on
alternative technologies and processes that may cause us to lose customers.
Based on the current funded status of the plan, our
pension asset investment allocation guidelines are to invest 60% to 70% in fixed income securities,
30% to 40% in equity securities and 0% to 10% in alternative investments and cash.
These alternative
investments may include funds of multiple asset investment strategies and funds of hedge funds.
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
ColorMatrix™ Lactra™ SX
additive provides high-performance
light-blocking technology that
enables a recyclable alternative to
long-life dairy packaging.
If we are unable to generate
sufficient cash flow to meet our debt service obligations, we will have to pursue one or more alternatives, such as
reducing or delaying capital or other expenditures, refinancing debt, selling assets, or raising equity capital.
Depending upon the
results of future testing, the ultimate
remediation alternatives undertaken,
changes in regulations, new information,
newly discovered conditions and other
factors, it is reasonably possible that we
could incur additional costs in excess of
the amount accrued.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
And in some
case, the lower production costs of TPEs make them an economical alternative for many single-use products and
pharmaceutical-grade delivery tubing.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Post-consumer recycled content as percentage of total plastic packaging volume, by weight
ENABLING THE USE OF RECYCLED CONTENT
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2) DECONTAMINATION1) COLOR MANAGEMENT 3) MAINTAINING MECHANICAL
PROPERTIES
4) MONO-MATERIAL
CONSTRUCTION
5) CONSISTENT RECYCLED
MATERIAL QUALITY
G U I D I N G B R A N D S T O W H A T I S P O S S I B L E
CASE STUDY WITH BRAND OWNER
Recycled ResinVirgin Resin
10
SUSTAINABILITY FOR A BETTER TOMORROW
11
• Revenue from sustainable solutions expected
to grow 18% 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
1111
*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 Color business
2016 2017 2018 2019 2020PF** 2021E
$405M
$455M
$340M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$930M
Q3 2020 $925 $74
Sustainable Solutions 35 19% 14
Healthcare 51 44% 10
Composites 13 39% 6
Growth in Asia / LATAM 14 11% 3
Other 177 39% 16
Sub-total $1,215 31% $123
Supply Chain Disruption Costs (19)
COVID Response Applications (5) (3)
FX Impact 10 2
Synergies 12
Incentives, Travel, Other Employee Costs (16)
Q3 2021 $1,220 32% $99
Q3 2021 SALES AND OPERATING INCOME
12
Sales Growth Rate
Operating
Income$ millions
Q3 2020 Q3 2021
(1) Financial information is presented on a constant currency basis
(44% of total revenue)
(56% of total revenue)
Q3 END MARKET SALES PERFORMANCE
+20%
+31%
+40%
+24%
+46%
+40%
+14%
+33%
Energy Telecom Building &
Transportation Industrial Healthcare Packaging Consumer
Q3 YEAR-OVER-YEAR EBITDA BRIDGE
14
• Demand driven by growth
in sustainable solutions,
healthcare and consumer
applications
• Price increases more than
offsets raw material and
supply chain impacts
• Synergy capture on pace
to achieve $50M in annual
savings in 2021
Q3 2020 $ 111
Demand 29
EBITDA$ millions
CAI:
Price / Mix 51
Inflation (37)
SEM:
Price / Mix 25
Inflation (22)
Distribution:
Price / Mix 108
Inflation (103)
Net Price Benefit 22
Supply Chain Disruption Costs (19)
COVID Response Applications (3)
Synergies 12
Incentives, FX, Other (16)
Q3 2021 $ 136
15
• Price increases have more than
covered raw material and freight
inflation impacts of $300M year-
to-date compared to 2020
• Demand impact driven by
Q3 seasonality for the business
Q2 TO Q3 SEQUENTIAL EBITDA BRIDGE
Q2 2021 $ 159
CAI:
Price / Mix 17
Inflation (8)
SEM:
Price / Mix 6
Inflation (5)
Distribution:
Price / Mix 35
Inflation (35)
Net Price Benefit 10
Supply Chain Disruption Costs (4)
Demand / Seasonality (35)
Other 6
Q3 2021 $ 136
EBITDA$ millions
FU LL Y EA R 2021
O U T LO O K
$308
$430
$1.93
$3.00
FULL YEAR GROWTH PROJECTIONS
17
Sales Adjusted Operating Income
$3,783
$4,750
+ 26%
+ 40% + 55%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)(1)(1)
$1.74
$1.93
$3.00
$442
$457
$580
FULL YEAR 2019 – 2021 GROWTH
18
Sales Adjusted EBITDA
$3,981
$3,783
$4,750
+ 19%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1) (1)
(1)(1)
+ 31% + 72%
(1) (1)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9
1.0 1.0
11 12 13 14 15 16 17 18 19 20 21
40%
99%
YTD 5 - YR 10 - YR
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
0.95
11 12 13 14 15 16 17 18 19 20 21 22
2.1x
Q4 NET LEVERAGE
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$450MM
PAID OVER LAST 11 YEARS
CREATING VALUE FOR SHAREHOLDERS
19
Share Performance Dividends Share Repurchases Deleveraging
3.5x
2.1x
2019PF 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
r
sh
ar
Total Shareholder Return
~$4Bn
MARKET CAP INCREASE
OVER LAST 10 YEARS
(1) Share performance includes reinvested dividends and is as of 10.25.2021
(2) Financial information is pro forma to include a full year of Clariant Color acquisition
(2)
494%
2021 AVIENT INVESTOR DAY
20
• Investor Day to be held December 9, 2021 in New York, NY
• The company will be doing a deep dive into its key long-
term growth drivers with a particular focus on sustainable
solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team will also provide further details on
the Clariant Color integration, as well as capital allocation
priorities
PEER COMPARISONS
21
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.