https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
Our ability to realize anticipated savings and operational benefits from the realignment of assets, including the planned closure of certain manufacturing
facilities;
The timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of
service or quality caused by such closings and/or production shifts;
Separation and severance amounts that differ from original estimates and amounts for non-cash charges related to asset write-offs and accelerated
depreciation realignments of property, plant and equipment, that differ from original estimates;
Our ability to identify and evaluate acquisition targets and consummate acquisitions;
The ability to successfully integrate acquired companies into our operations, retain the management teams of acquired companies and retain relationships
with customers of acquired companies including, without limitation, Spartech Corporation and Accella Performance Materials;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of
credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic materials in jurisdictions where we conduct
business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online in the industries in which we participate;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions and employee productivity goals;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
Our ability to continue to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
The amount and timing of repurchases of our common shares, if any;
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation
The above list of factors is not exhaustive
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Strong balance sheet and free cash flow, as total cash
and liquidity ended the year at $244 million and
$574 million, respectively.
Year Ended
December 31,
Reconciliation to Consolidated Statements of Income 2017 2016
Operating income - GAAP 277.5 286.3
Special items in operating income (1) 32.5 23.6
Operating income adjusted $ 310.0 $ 309.9
Liquidity is calculated as follows:
As of December 31,
2017
Cash and cash equivalents $ 243.6
Revolving credit availability 330.3
Liquidity $ 573.9
(1) Special items are a non-GAAP financial measure and are used to determine adjusted earnings.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Color, Additives & Inks and
Specialty Engineered Materials delivered record
operating margins of 16.7% and 14.7% respectively
in 2015
● Increased our dividend 20% to $0.12 per quarter,
representing the fifth consecutive year of increases
and a 200% increase from when we initiated
quarterly dividends in 2011
● Year-end Operating Income and Adjusted Operating
Income increased to $251 million and $322 million,
respectively, up from $155 million and $320 million,
respectively, in 2014
● Strong balance sheet and free cash flow, as total cash
and liquidity ended the year at $280 million and
$622 million, respectively.
Year Ended
December 31,
Reconciliation to Consolidated Statements of Income 2015 2014
Operating income adjusted $ 322.2 $320.0
Special items in operating income (71.3 ) (164.9 )
Operating income - GAAP $ 250.9 $ 155.1
Liquidity is calculated as follows:
As of December 31,
2015
Cash and cash equivalents $ 279.8
Revolving credit availability 341.9
Liquidity $ 621.7
Net debt to adjusted EBITDA is calculated as follows:
Year Ended
December 31, 2015
Short-term portion and current portion of long-term debt $ 18.6
Long-term debt 1,128.0
Less: Cash and cash equivalents (279.8 )
Net Debt $ 866.8
Operating Income $ 250.9
Other expense, net (2.7 )
Depreciation and amortization 104.3
Special items, impact on operating (loss)/income 71.2
Accelerated depreciation included in special items (6.2 )
Adjusted EBITDA $ 417.5
Net Debt/Adjusted EBITDA 2.1
mpTableOfContents
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
ColorMatrix™ SmartHeat™ RHC is an APR accredited,
patent protected, liquid dispersion process aid that
reduces the amount of energy required during bottle
manufacture and improves recyclability of PET over time.
HIFORMER™ Liquid Polymer Processing Aid provides
sustainability and production benefits for packaging
film suppliers such as longer production runs, reduced
energy consumption and reduced waste.
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | Index
Sustainability Report | 2021 45
https://www.avient.com/products/polymer-additives/oxygen-scavengers/colormatrix-capture-oxygen-scavenger-pet
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
https://www.avient.com/products/polymer-additives/clarifier-and-toner-additives/colormatrix-optica-toners-pet
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-fx-special-effect
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/colormatrix-reprize-iv-builder-pet
https://www.avient.com/products/polymer-colorants/liquid-color-concentrates/hiformer-liquid-masterbatches
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ir-sortable-black-recyclable-packaging
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/rejoin-pcr-masterbatch-polyolefins
Healthcare
Plastics are a crucial tool in saving lives and improving health and safety in our communities.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_FRA2.pdf
R : Un panier de fruits ou de chocolats offert à une entité (et non
à un particulier) peut être accepté, mais jamais d’argent liquide
ou d’équivalent (ce qui inclut les cartes-cadeaux).
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
Director since: 2017
Age: 63
Current Public Company Directorships:
• Eastman Chemical Company
• Air Liquide
Former Directorships:
• Innophos
Ernest Nicolas
Chief Supply Chain Officer at HP Inc., a technology company with a product
and services portfolio of personal systems, printers, and 3D printing solutions,
since 2022.
Adjustments: The Committee will make or provide for such adjustments in: (1) the number of and kind of
Common Shares covered by outstanding stock options, SARs, restricted stock, RSUs, performance shares
and performance units granted under the Amended 2020 Plan; (2) if applicable, the number of and kind of
Common Shares covered by Other Awards granted pursuant to the Amended 2020 Plan; (3) the exercise
price or base price provided in outstanding stock options and SARs, respectively; (4) cash incentive
awards; and (5) other award terms, as the Committee in its sole discretion, exercised in good faith
determines to be equitably required in order to prevent dilution or enlargement of the rights of
participants or optionees that otherwise would result from (a) any extraordinary cash dividend, stock
dividend, stock split, combination of shares, recapitalization or other change in the capital structure of
the Company; (b) any merger, consolidation, spin-off, spin-out, split-off, split-up, reorganization, partial or
complete liquidation or other distribution of assets, issuance of rights or warrants to purchase securities;
or (c) any other corporate transaction or event having an effect similar to any of the foregoing.
The Compensation Committee shall make or provide for such
adjustments in the number of and kind of Common Shares covered by outstanding Option
Rights, Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and
Performance Units granted hereunder and, if applicable, in the number of and kind of
Common Shares covered by other awards granted pursuant to Section 10 hereof, in the
Option Price and Base Price provided in outstanding Option Rights and Appreciation Rights,
respectively, in Cash Incentive Awards, and in other award terms, as the Compensation
Committee, in its sole discretion, exercised in good faith, determines is equitably required to
prevent dilution or enlargement of the rights of Participants that otherwise would result from
(a) any extraordinary cash dividend, stock dividend, stock split, combination of shares,
recapitalization or other change in the capital structure of the Company, (b) any merger,
consolidation, spin-off, split-off, spin- out, split-up, reorganization, partial or complete
liquidation or other distribution of assets, issuance of rights or warrants to purchase securities,
or (c) any other corporate transaction or event having an effect similar to any of the foregoing.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Director since: 2017
Age: 62
Current Public Company Directorships:
• Eastman Chemical Company
• Air Liquide
Former Directorships:
• Innophos
Ernest Nicolas
Senior Vice President and Chief Supply Chain Officer at Rockwell Automation,
Inc.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Director since: 2017
Age: 65
Current Public Company
Directorships:
• Eastman Chemical Company
• Air Liquide S.A.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Director since: 2017
Age: 64
Current Public Company Directorships:
• Eastman Chemical Company
• Air Liquide S.A.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Director since: 2017
Age: 64
Current Public Company Directorships:
• Eastman Chemical Company
• Air Liquide S.A.