https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Extensive environmental, health and safety laws and regulations impact our operations and
assets.
MINE SAFETY DISCLOSURES
Not applicable.
Environmental, Health and Safety 4.
https://www.avient.com/sites/default/files/2021-03/packaging-solutions-for-film-sheet-product-selection-guide.pdf
PACKAGING
SOLUTIONS
Film & Sheet
SELECTION GUIDE
PRODUCT NAME PROPERTIES & APPLICATIONS
Anti-block
BOPET application (PV back sheet, packaging film, industry film)
Sleeve application (PETG)
Anti-static Migrating anti-static system
Flame retardant Halogen free flame retardant system, transparent, UL94 VTM-0
Light stabilizer
Protection for outdoor application (UV 380nm)
Protection for screen application (UV 400nm)
Matting agent Matting agent
Pinning agent Increased conductivity
O
2
scavenger Content protection against oxygen
White masterbatch
Blue shade white
Standard white
Black masterbatch
Carbon black
Cool black system
BOPET STANDARD PRODUCT PORTFOLIO
PRODUCT NAME PROPERTIES & APPLICATIONS
Anti-block
Standard anti-block
Printable A/B/A PET sheet and film
High-transparent and low COF
Anti-static
A/B/A film or sheet (transparency)
A/B/A film or sheet (matte)
Impact modifier Improve sheet elongation at low temperature
Chain extender IV improver, EU food and FDA approved
White masterbatch Standard white
Matting agent Surface matting agent
APET SHEET PRODUCT PORTFOLIO
PRODUCT NAME PROPERTIES & APPLICATIONS
Slip agent Mainly used for multilayer PE/PP film and composite film
Anti-block
Pure anti-block can be used in transparent film
Contain both anti-block and slip agent for polyolefin film
Processing masterbatch Used in blowing and tape casting of PE/PP (liquid)
Anti-oxidant
Protection of film from degrading while processing
Increase reclaimed ingredients in the formula
Light stabilizer
Protection of content
Low precipitation, which is especially suitable for thinner
PE products, such as film and spinning
Anti-fog
Good resistance to cold and hot fog,
and suitable for thinner film
Anti-static Applicable to multilayer PE/PP film and composite film
PO SHEET PRODUCT PORTFOLIO
www.avient.com
Copyright © 2021, Avient Corporation.
As a professional supplier for packaging film and
sheet, Avient offers a wide range of functional
additives for flexible materials, which can be
specifically designed to meet the demanding
requirements for different industries.
By providing
performance enhancements such as anti-block,
anti-fog and anti-oxidant, Avient is ready to help
customers improve processability and quality of
packaging film and sheet.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
MINE SAFETY DISCLOSURES
Not applicable.
President and Chief Operating Officer, Ennis Traffic Safety
Solutions (a traffic safety and infrastructure company) from June 2008 to July 2012.
Environmental, Health and Safety
4.
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
We are better together through:
Keeping Safety First — PolyOne and Clariant are both ACC Responsible Care® companies,
and nothing is more important than the health, safety and well-being of our people.
Avient Total Enterprise Value Pro forma for acquisition of Clariant Masterbatch business and tax payments associated with the
PP&S divestiture per Company filings, resulting in a cash adjustment from the June 30, 2020 balance sheet of ~$1,520MM
2.
Consensus EBITDA of $460M per Bloomberg
Source: Capital IQ market data as of August 24, 2020
Median: 14.1x Median: 10.1x
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2022-06/CAI Animal Free Additives Product Bulletin.pdf
This often involves food contact
approvals that extend beyond the EU or the USA,
and take into consideration specific regions or other
food safety standards.
Cesa™ & OnCap™ Anti-blocking Additives
In order to prevent self-adhesion of plastic films or
sheets, anti-blocking additives reduce the surface
coefficient of friction by creating a slightly rougher
or smoother surface.
Cesa™ Stat Additives & OnCap™ Anti-static Additives
Static charges that build up on the surface of plastic
products can attract dust and dirt, cause sheets and
film to cling, and cause stacked products to stick
together.
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Italy.pdf
Nel caso in cui
l'Acquirente non adempia a qualsivoglia obbligo di
pagamento entro la relativa data stabilita, a decorrere dal
giorno successivo a tale data, il Venditore avrà il diritto di
addebitare interessi di mora su qualsiasi importo dovuto e
non ancora pagato, ad un tasso che sarà il minore tra (i) il
tasso ufficiale di riferimento registrato dalla Banca Centrale
Europea in tale data, incrementato dell'8% e (ii) il tasso di
interesse massimo applicabile ai sensi del diritto italiano alla
stessa data.
Buyer acknowledges that information in Seller’s marketing
materials, technical data sheets and other descriptive
publications distributed or published on its websites may
vary from time to time without notice.
Buyer acknowledges that Seller has
furnished to Buyer Safety Data Sheets, which include
warnings together with safety and health information
concerning the Product and/or the containers for such
Product.
https://www.avient.com/sites/default/files/2024-09/Avient_RY 2023 CDP Verification Opinion Declaration.pdf
Level of Assurance and Qualifications:
• Limited
• This verification used a materiality threshold of ±5% for aggregate errors in sampled data for each of the
above indicators
GHG Verification Methodology:
Evidence-gathering procedures included, but were not limited to:
• Interviews with relevant personnel of Avient and their consultant;
• Review of documentary evidence produced by Avient;
• Review of Avient data and information systems and methodology for collection, aggregation, analysis and
review of information used to determine GHG emissions; and
• Audit of sample of data used by Avient to determine GHG emissions.
Statement of independence, impartiality and competence
Apex is an independent professional services company that specializes in Health, Safety, Social and Environmental
management services including assurance with over 30 years history in providing these services.
The verification team has extensive experience in conducting assurance over environmental, social, ethical and health
and safety information, systems and processes, has over 20 years combined experience in this field and an excellent
understanding of Apex’s standard methodology for the verification of greenhouse gas emissions data.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
We are better together through:
Keeping Safety First — PolyOne and Clariant are both ACC Responsible Care® companies,
and nothing is more important than the health, safety and well-being of our people.
D
is
t.
)
R
P
M
P
P
G
K
W
R
F
U
L
A
V
Y
G
C
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IF
F
F
M
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H
X
L
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U
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M
N
F
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E
C
L
K
R
A
S
C
L
A
S
H
C
E
G
R
A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of February 5, 2021
Avient reflects 2021 estimated revenue of $4,100M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 83% Median: 76%
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $510M and excludes one-time synergy capture CAPEX ($20M)
Source: Peer data per Bloomberg market data as of February 5, 2021
85 87 86 86
81 81
59
92
88
81 79 79 79
76 76 75
73
67 67
64
60
7
A
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e
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t
P
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K
W
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A
V
Y
G
C
P
IF
F
F
M
C
U
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V
R
H
X
L
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M
N
B
N
R
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C
L
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A
S
H
F
O
E
G
R
A
H
U
N
K
R
A
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of February 5, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation implies an
EBITDA multiple that is significantly
below specialty formulator peers and
our historic valuations, when the
company had considerable exposure
to more cyclical and challenging end
markets.
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
The presentations will do a deep dive on the eight
ways we approach sustainability, which include lightweighting, reduced energy use, sustainable
infrastructure and human health & safety, to name a few.”
Rose
Vice President, Marketing and Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
mailto:giuseppe.disalvo@avient.com
mailto:kyle.rose@avient.com
7
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
March 31,
2023 2022
Sales $ 845.7 $ 892.2
Operating Income 57.1 102.2
Net income from continuing operations attributable to Avient shareholders 20.8 64.4
Basic earnings per share from continuing operations attributable to Avient shareholders $ 0.23 $ 0.70
Diluted earnings per share from continuing operations attributable to Avient shareholders $ 0.23 $ 0.70
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and
diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items,
to assess performance and facilitate comparability of results.
Three Months Ended
March 31,
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Gross margin:
Color, Additives and Inks $ 162.0 $ 192.1
Specialty Engineered Materials 93.9 68.4
Corporate (8.3) (6.1)
Gross margin $ 247.6 $ 254.4
Selling and administrative expense:
Color, Additives and Inks $ 96.4 $ 97.6
Specialty Engineered Materials 50.8 30.1
Corporate 43.3 24.5
Selling and administrative expense $ 190.5 $ 152.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
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%25202012%2520Annual%2520Report.pdf
Environmental, Health and Safety 4.
MINE SAFETY DISCLOSURES
Not applicable.
Environmental, Health and Safety 4.