https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022.pdf
These pellets are sent to manufacturers who reheat the pellets, then form the material into the size and shape needed for their products.
This means ensuring the materials we make can be recycled or upcycled to avoid waste and downcycling, which means products can only be reused in a degraded form.
Contact us today https://www.avient.com/content/product-selection-help-form?
https://www.avient.com/sites/default/files/2020-11/infographic-advanced-composites-ebook.pdf
THERMOPLASTIC The matrix material of a composite can be a thermoset or a thermoplastic THERMOSET THERMOPLASTIC A thermoset is a cross-linked polymer that cannot be reshaped after it’s formed, cured, and cooled.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022_0.pdf
These pellets are sent to manufacturers who reheat the pellets, then form the material into the size and shape needed for their products.
This means ensuring the materials we make can be recycled or upcycled to avoid waste and downcycling, which means products can only be reused in a degraded form.
Contact us today https://www.avient.com/content/product-selection-help-form?
https://www.avient.com/sites/default/files/2022-09/Waste Mgmt OEM Application Snapshot.pdf
LEADING WASTE MANAGEMENT OEM I N D U S T R I A L C O N T A I N E R S • Eliminate shrinkage and warpage, and control dimensional aspects of finished parts • Improve quality assurance metrics and reduce downtime associated with quality rejections • Reduce process parameter changes and maintain consistency when running multiple colors • Lightweighting solution offering energy savings, process optimization & extended manufacturing run times • Preserved industrial waste container quality while maintaining functional performance and application dimensional stability • Provided xpertise in process optimization and polymer formulation, where material & mold flow, reducing cycle times, and color harmony between diverse polymers matter most • Accelerated speed to market by several weeks with versatile agnostic product forms (solid and liquid) coupled with technical service Hydrocerol™ and Excelite™ Chemical Foaming Agents (CFA) KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-extrusion.pdf
Overview • FIBER-LINE® extrusion is the process of forming a polymer jacket of various thickness around a core of high-performance fibers • Fiber core can be parallel, twisted, or in rope form • Polymer jacket selected to optimize flex, chemical, temperature, & UV resistance Key Features • .50mm – 30.00mm size capability • Protect the core from mechanical, environmental, and chemical damage • Extend life of cable or strength member • Enhance flame & chemical resistance • Improve UV resistance • Many polymers available FIBER-LINE® FIBERS SUITABLE FOR EXTRUSION • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Technora® • Carbon Fiber • Fiberglass FIBER-LINE® PRODUCTS ADDED BY EXTRUSION • Strength members • Tracer-wire • Micro-cable • Ruggedized cable Our Polymer Offering • EPC • ETFE • FEP • Hytrel • PFA • Polyethylene • Polypropylene • Polyurethane • PVC • PVDF EXTRUSION FIBERS PROCESSES PRODUCTS FIBER OPTICAL CABLES MOVING HIGH PERFORMANCE FIBERS FORWARD This data is provided for informational purposes only, and does not constitute a specification.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-strengthmembers.pdf
FL.Datasheet StrengthMembers.indd FIBER OPTICAL CABLES MOVING HIGH PERFORMANCE FIBERS FORWARD Key Features • Dielectric strength members • Sizes Available: 0.175 mm – 18.00 mm • Available Forms: Flat, Twisted, Cords, Rovings, & Jacketed • Shapes: Flat or round FIBER-LINE® FIBERS FOR STRENGTH MEMBERS • Kevlar® Para-Aramid • Vectran® Liquid Crystal Polymer (LCP) • Zylon® Polybenzyloate (PBO) • Carbon Fiber • Ultra High Molecular Weight Polyethylene (UHMWPE) • PET Polyester • Fiberglass • Nylon Polyamide • Technora® FIBER-LINE® PERFORMANCE ADDING COATINGS • FIBER-LINE® Wearcoat™: Abrasion Resistance* • FIBER-LINE® Bondcoat™: Ahdesion Promotion* • FIBER-LINE® Protexcoat™: UV Protection* • FIBER-LINE® Colorcoat™: Color Identification* • FIBER-LINE® Swellcoat®: Water Absorbing Protection* • FIBER-LINE® Swellcoat®Blocker: Block Water Migration* FIBER-LINE® PRODUCTS W/ STRENGTH MEMBERS • Strength members in cables • Steel replacement Overview FIBER-LINE® develops, produces, and markets a full line of high performance strength members.
STRENGTH MEMBERS FIBERS PROCESSES PRODUCTS FIBER OPTICAL CABLES MOVING HIGH PERFORMANCE FIBERS FORWARD Key Features • Dielectric strength members • Sizes Available: 0.175 mm – 18.00 mm • Available Forms: Flat, Twisted, Cords, Rovings, & Jacketed • Shapes: Flat or round FIBER-LINE® FIBERS FOR STRENGTH MEMBERS • Kevlar® Para-Aramid • Vectran® Liquid Crystal Polymer (LCP) • Zylon® Polybenzyloate (PBO) • Carbon Fiber • Ultra High Molecular Weight Polyethylene (UHMWPE) • PET Polyester • Fiberglass • Nylon Polyamide • Technora® FIBER-LINE PERFORMANCE ADDING POLYMER JACKETS • LDPE, MDPE, HDPE** • PP** • ETFE** • Polyurethane** • PVC** • PFA** • PVDF** • EPC** Overview FIBER-LINE® develops, produces, and markets a full line of high performance strength members.
https://www.avient.com/sites/default/files/2024-07/avient-human-rights-position-statement-updated-july-2021 %286%29.pdf
Avient forbids the use of any form of child labor in connection with Avient’s business.
Additionally, Avient forbids any form of forced or compulsory labor or human trafficking in connection with Avient’s business.
https://www.avient.com/investor-center/news/avient-updates-third-quarter-and-full-year-2022-forecast
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the
https://www.avient.com/products/polymer-additives
Our additives enhance the performance of your parts, improve your manufacturing efficiency, reduce manufacturing downtime and enable smooth product transitions -- and we produce our additives in a wide variety of forms, around the world, to match your manufacturing needs no matter where you are.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. # # # 7 Investor Relations Contact: Giuseppe (Joe) Di Salvo Vice President, Treasurer and Investor Relations Avient Corporation +1 440-930-1921 giuseppe.disalvo@avient.com Media Contact: Kyle G.
Three Months Ended December 31, 2022 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net (loss) income from continuing operations attributable to Avient shareholders $ (17.0) $ (0.19) $ 11.2 $ 0.12 Special items, after tax (Attachment 3) 38.3 0.42 23.9 0.26 Amortization expense, after-tax 14.6 0.16 11.3 0.12 Adjusted net income / EPS $ 35.9 $ 0.39 $ 46.4 $ 0.50 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended December 31, 2022 2021 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 82.8 $ 0.90 $ 151.8 $ 1.65 Special items, after tax (Attachment 3) 116.2 1.26 50.0 0.54 Amortization expense, after-tax 49.0 0.53 44.9 0.49 Adjusted net income / EPS $ 248.0 $ 2.69 $ 246.7 $ 2.68 (1) Per share amounts may not recalculate from figures presented herein due to rounding 9 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, 2022 2021 2022 2021 Sales $ 790.4 $ 807.1 $ 3,396.9 $ 3,315.5 Cost of sales 618.4 590.5 2,514.2 2,371.7 Gross margin 172.0 216.6 882.7 943.8 Selling and administrative expense 171.6 166.4 639.4 664.1 Operating income 0.4 50.2 243.3 279.7 Interest expense, net (49.4) (17.5) (119.8) (75.2) Other expense, net (28.4) (5.3) (59.7) (1.0) (Loss) income from continuing operations before income taxes (77.4) 27.4 63.8 203.5 Income tax benefit (expense) 60.8 (17.1) 19.3 (51.9) Net (loss) income from continuing operations (16.6) 10.3 83.1 151.6 Income from discontinued operations, net of income taxes 561.5 18.7 620.3 79.0 Net income 544.9 29.0 703.4 230.6 Net (income) loss attributable to noncontrolling interests (0.4) 0.9 (0.3) 0.2 Net income attributable to Avient common shareholders $ 544.5 $ 29.9 $ 703.1 $ 230.8 Earnings per share attributable to Avient common shareholders - Basic: Continuing operations $ (0.19) $ 0.12 $ 0.91 $ 1.66 Discontinued operations 6.17 0.21 6.80 0.87 Total $ 5.98 $ 0.33 $ 7.71 $ 2.53 Earnings per share attributable to Avient common shareholders - Diluted: Continuing operations $ (0.19) $ 0.12 $ 0.90 $ 1.65 Discontinued operations 6.17 0.20 6.73 0.86 Total $ 5.98 $ 0.32 $ 7.63 $ 2.51 Cash dividends declared per share of common stock $ 0.2475 $ 0.2375 $ 0.9600 $ 0.8750 Weighted-average shares used to compute earnings per common share: Basic 91.0 91.5 91.2 91.4 Diluted 91.0 92.4 92.2 92.1 10 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, 2022 2021 2022 2021 Cost of sales: Restructuring costs, including accelerated depreciation $ (21.3) $ (6.0) $ (31.1) $ (14.6) Environmental remediation costs (0.4) (0.5) (24.2) (22.9) Reimbursement of previously incurred environmental costs — — 8.3 4.5 Acquisition related costs (23.8) 0.6 (34.1) (0.6) Impact on cost of sales (45.5) (5.9) (81.1) (33.6) Selling and administrative expense: Restructuring, legal and other (8.3) (4.2) (8.3) (5.9) Acquisition related costs (6.1) (1.1) (19.3) (8.3) Impact on selling and administrative expense (14.4) (5.3) (27.6) (14.2) Impact on operating income (59.9) (11.2) (108.7) (47.8) Interest expense, net - committed financing and debt extinguishment (16.0) — (26.0) — Mark-to-market on derivatives — — (30.9) — Pension and post retirement mark-to-market adjustment and other (28.4) (9.3) (28.4) (9.3) Impact on Other expense, net (28.4) (9.3) (59.3) (9.3) Impact on income from continuing operations before income taxes (104.3) (20.5) (194.0) (57.1) Income tax benefit benefit/(expense) on above special items 26.8 4.1 49.4 13.0 Tax adjustments(2) 39.2 (7.5) 28.4 (5.9) Impact of special items on net income from continuing operations $ (38.3) $ (23.9) $ (116.2) $ (50.0) Diluted earnings per common share impact $ (0.42) $ (0.26) $ (1.26) $ (0.54) Weighted average shares used to compute adjusted earnings per share: Diluted 91.7 92.4 92.2 92.1 (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 actuarial 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, joint ventures and equity investments; 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 benefit/(expense) from non-recurring income tax items, adjustments to uncertain tax position reserves and deferred income tax valuation allowances. 11 Attachment 4 Avient Corporation Condensed Consolidated Balance Sheets (Unaudited) (In millions) Year Ended December 31, 2022 2021 ASSETS Current assets: Cash and cash equivalents $ 641.1 $ 601.2 Accounts receivable, net 440.6 439.9 Inventories, net 372.7 305.8 Current assets held for sale — 360.2 Other current assets 115.3 119.9 Total current assets 1,569.7 1,827.0 Property, net 1,049.2 672.3 Goodwill 1,671.9 1,284.8 Intangible assets, net 1,597.6 925.2 Operating lease assets, net 60.4 58.2 Non-current assets held for sale — 22.0 Other non-current assets 136.2 207.7 Total assets $ 6,085.0 $ 4,997.2 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term and current portion of long-term debt $ 2.2 $ 8.6 Accounts payable 454.4 429.5 Current operating lease obligations 17.0 21.1 Current liabilities held for sale — 141.3 Accrued expenses and other current liabilities 395.8 340.2 Total current liabilities 869.4 940.7 Non-current liabilities: Long-term debt 2,176.7 1,850.3 Pension and other post-retirement benefits 67.2 99.9 Deferred income taxes 342.5 100.6 Non-current operating lease obligations 40.9 37.3 Non-current liabilities held for sale — 13.1 Other non-current liabilities 235.5 164.8 Total non-current liabilities 2,862.8 2,266.0 SHAREHOLDERS' EQUITY Avient shareholders’ equity 2,334.5 1,774.7 Noncontrolling interest 18.3 15.8 Total equity 2,352.8 1,790.5 Total liabilities and equity $ 6,085.0 $ 4,997.2 12 Attachment 5 Avient Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Year Ended December 31, 2022 2021 Operating activities Net income $ 703.4 $ 230.6 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 157.6 144.2 Accelerated depreciation 5.5 1.7 Amortization of inventory step-up 34.4 1.5 Deferred income tax expense (benefit) 0.5 (27.3) Share-based compensation expense 13.2 11.2 Changes in assets and liabilities, net of the effect of acquisitions: Decrease (increase) in accounts receivable 32.6 (143.1) Decrease (increase) in inventories 14.0 (141.0) Increase in accounts payable 10.7 95.3 Increase (decrease) in pension and other post-retirement benefits 7.1 (10.9) Taxes paid on gain on divestiture (2.8) — (Decrease) increase in accrued expenses and other assets and liabilities, net (27.7) 71.6 Net cash provided by operating activities 398.4 233.8 Investing activities Capital expenditures (105.5) (100.6) Business acquisitions, net of cash acquired (1,426.1) (47.6) Settlement of foreign exchange derivatives 93.3 — Proceeds from divestiture 928.2 — Other investing activities 6.1 (2.0) Net cash used by investing activities (504.0) (150.2) Financing activities Debt offering proceeds 1,300.0 — Purchase of common shares for treasury (36.4) (4.2) Cash dividends paid (86.8) (77.7) Repayment of long-term debt (956.8) (18.5) Payments on withholding tax on share awards (4.3) (10.7) Debt financing costs (49.3) — Other financing activities — (3.5) Net cash provided (used) by financing activities 166.4 (114.6) Effect of exchange rate changes on cash (20.9) (17.3) Increase (decrease) in cash and cash equivalents 39.9 (48.3) Cash and cash equivalents at beginning of year 601.2 649.5 Cash and cash equivalents at end of year $ 641.1 $ 601.2 13 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.