https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
SEM generated its highest-ever quarterly
operating income at $30 million, a 58% increase over prior year fourth quarter.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
W H AT W E D O : W E A R E A F O R M UL ATO R
6
CUSTOM
FORMULATION
M AY 3 , 2 0 2 3
W E B C A S T
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVI E N T P ROT EC T I VE MAT ER I A L S I N T EG R ATI O N
8
AVI ENT PROTEC TI VE MATERI ALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
20%
9
Figures reflect approximate proportions of 2022 sales
Q 1 P E R F O R M A N C E
Q1 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
EPS
(1)
$0.14
$2.67
$3.04
2006 2018 2022PF
TO P- TI E R S U S TA I N A B I L I T Y P E R F O R M A NC E
A N D R E C O G N I T I O N
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
3
1
4
10
PEOPL E
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2 0 2 2 R E S U L T S
Q4 EBITDA BRIDGE
( P R O F O R M A T O TA L C O M PA N Y )
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
EBITDA
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
P ROV E N T R AC K R E C O R D O F S T RO N G A N D
I M P ROV I N G F R E E C A S H F LOW G E N E R AT I O N
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78%
80% 80% 81% 78%
84% 83%
80%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
F
re
e
C
a
s
h
F
lo
w
C
o
n
v
e
rs
io
n
F
re
e
C
a
s
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
Three Months Ended
March 31,
Reconciliation to Consolidated Statements of Income 2024 2023
Sales $ 829.0 $ 845.7
Gross margin - GAAP 278.2 247.6
Special items in gross margin (Attachment 3) 0.4 8.0
Adjusted gross margin $ 278.6 $ 255.6
Adjusted gross margin as a percent of sales 33.6 % 30.2 %
Operating income - GAAP 94.0 57.1
Special items in operating income (Attachment 3) 6.2 27.1
Adjusted operating income $ 100.2 $ 84.2
Adjusted operating income as a percent of sales 12.1 % 10.0 %
Three Months Ended
March 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations - GAAP $ 49.7 $ 21.3
Income tax expense 16.8 7.7
Interest expense, net 26.6 28.8
Depreciation and amortization 44.3 50.5
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
Adjusted EBITDA as a percent of sales 17.3 % 15.8 %
Year Ended
December 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83
Special items, after-tax 79.3 0.86
Amortization expense, after-tax 61.5 0.67
Adjusted net income / EPS $ 216.6 $ 2.36
13
Three Months Ended
June 30, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 22.1 $ 0.24
Special items, after-tax 19.6 0.21
Amortization expense, after-tax 16.2 0.18
Adjusted net income / EPS $ 57.9 $ 0.63
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_ES-SPAIN2.pdf
NUESTRO CÓDIGO
DE CONDUCTA
EMITIDO: OCTUBRE DE 2024
ÍNDICE
Introduccíon:
Un mensaje del consejero
delegado 1
Nuestro Código
de conducta
Pautas de conducta ética 3
Valores personales 3
Sus responsabilidades 4
Responsabilidades adicionales
para supervisores y gerentes
de Avient 4
Cómo resolver preguntas e
informar de situaciones de
incumplimiento 5
Línea directa de ética 5
Se prohíben las represalias 6
Aplicación del código de conducta 6
Incumplimiento del código 6
Respeto hacia todos
Diversidad e inclusión 8
Discriminación o acoso 8
Relaciones en el lugar de trabajo 9
Abuso de drogas 10
Seguridad física y violencia en
el lugar de trabajo 10
Honestidad en
el trabajo
Información, datos y
registros precisos 12
Integridad contable 12
Comunicaciones de la empresa 14
Salvaguardia y utilización
de bienes 14
Información, ideas y propiedad
intelectual privadas y
confidenciales 15
Privacidad, información personal
y protección de datos 16
Uso de internet y correo
electrónico 16
Redes sociales 17
Seguridad informática, licencias
de software y derechos de autor 17
Información privilegiada
y comercial 18
Contribuciones/Actividades
políticas y contribuciones
benéficas 19
Investigaciones e instrucciones
del gobierno 19
Integridad de
nuestro negocio
Trato justo 21
Sobornos y comisiones ilegales 21
Agentes y consultores 22
Competencia 22
Obsequios y atenciones 23
Conflictos de intereses 24
Transacciones para
beneficio propio 25
Comercio internacional 25
Blanqueo de capitales 25
Responsabilidad
social corporativa
Sostenibilidad 27
Seguridad, salud y medio
ambiente 28
Seguridad de productos
y servicios 29
Respeto de los derechos
humanos 29
Un compromiso compartido 29
Recursos e información
de contacto
Nuestras políticas 30
Contactos internos 30
Línea Directa de Ética 30
Un mensaje del consejero delegado
Estimado equipo de Avient:
Las decisiones de nuestra empresa tienen implicaciones de gran alcance en el complejo e interconectado mundo
actual.
ÍNDICE INTRODUCCIÓN
NUESTRO CÓDIGO DE
CONDUCTA
RESPETO HACIA TODOS
HONESTIDAD EN
EL TRABAJO
INTEGRIDAD DE
NUESTRO NEGOCIO
RESPONSABILIDAD
SOCIAL CORPORATIVA
RECURSOS
CÓDIGO DE CONDUCTA | 30
http://avient.ethicspoint.com
http://avient.ethicspoint.com
http://avient.ethicspoint.com
http://avient.ethicspoint.com
Norteamérica
Sede mundial de Avon Lake,
Estados Unidos
33587 Walker Road
Avon Lake, OH, United States
44012
Llamada gratuita: +1 866 765 9663
Teléfono: +1 440 930 1000
Fax: +1 440 930 3064
Asia Pacífico
Sede regional de Shanghái
(China)
2F, Block C
200 Jinsu Road
Pudong, 201206
Shanghai, China
Teléfono: +86 (0) 21 6028 4888
Fax: +86 (0) 21 6028 4999
Sudamérica
Sede regional en São Paulo
(Brasil)
Av.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_AR2.pdf
مدونة قواعد السلوك مدونة قواعد السلوك
الخاصة بناالخاصة بنا
تاريخ اإلصدار: أكتوبر 2024
جدول المحتويات
مقدمة
1 رسالة من المدير التنفيذي
مدونة قواعد السلوك الخاصة بنا
3 المبادئ التوجيهية للسلوك األخالقي
3 القيم الشخصية
4 مسؤولياتك
المسؤوليات اإلضافية
4 Avient للمشرفين والمديرين في
حل المسائل واإلبالغ عن
5 حاالت عدم االمتثال
5 الخط الساخن لألخالقيات
6 عدم االنتقام
6 تطبيق مدونة قواعد السلوك
6 مخالفات مدونة قواعد السلوك
عيمجلل مارتحالا
8 التنوع والدمج
8 التمييز أو المضايقات
9 العالقات في مكان العمل
10 إدمان المخدرات
10 األمن المادي و العنف في مكان العمل
لمعلا يف ةنامألا
12 المعلومات، والبيانات، والسجالت الدقيقة
12 نزاهة المحاسبة
14 اتصاالت الشركة
14 حماية األصول واستخدامها
حقوق الملكية وسرية المعلومات،
15 واألفكار والملكية الفكرية
حماية الخصوصية، والمعلومات
16 الشخصية، والبيانات
استخدام شبكة اإلنترنت
16 والبريد اإللكتروني
وسائل التواصل االجتماعي والشبكات
17 االجتماعية
األمن الحاسوبي، تراخيص
17 البرمجيات وحقوق النشر
18 المعلومات الداخلية والتداول
المساهمات واألنشطة
19 السياسية/والمساهمات الخيرية
19 التحقيقات واالستفسارات الحكومية
انلمع يف ةهازنلا
21 التعامل العادل
21 الرشاوى والعموالت
22 الوكالء والمستشارون
22 المنافسة
23 iالهدايا واالستضافة
24 تضارب المصالح
25 تعامل ذاتي تتنافر فيه المصلحة والواجب
25 التجارة الدولية
25 غسل األموال
ةيعامتجالا ةيلوؤسملا
ةكرشلاب
27 االستدامة
28 السالمة، والصحة، والبيئة
29 سالمة المنتج والخدمة
29 احترام حقوق اإلنسان
29 التزام مشترك
لاصتالا تامولعمو دراوم
30 حول سياساتنا
30 موارد األخالقيات واالمتثال
30 الخط الساخن لألخالقيات
رسالة من المدير التنفيذي
لقرارات شركتنا آثار بعيدة المدى في عالم اليوم المعقد والمترابط.
ويات جدول المحت مقدمة وك الخاصة بنا واعد السل دونة ق م يع االحترام للجم األمانة في العمل النزاهة في عملنا المسؤولية االجتماعية بالشركة موارد ومعلومات االتصالموارد ومعلومات االتصال
وك الخاصة | 30 واعد السل دونة ق م
http://avient.ethicspoint.com
http://avient.ethicspoint.com
http://avient.ethicspoint.com
أمريكا الشمالية
ون ليك، الواليات المقر العالمي آف
المتحدة األمريكية
ون ليك، أوهايو ، 33587 ووكر رود آف
الواليات المتحدة
44012
الخط المجاني: 9663 765 866 1+
الهاتف:1000 930 440 1+
الفاكس: 3064 930 440 1+
آسيا والمحيط الهادئ
المقر اإلقليمي بشنغهاي الصين
2و، القسم ج 200 طريق جينسو
بودونغ، 201206 شنغهاي، الصين
الهاتف:4888 6028 21 )0( 86+
الفاكس: 4999 6028 21 )0( 86+
أمريكا الجنوبية
المقر اإلقليمي ساو باولو ، البرازيل
و ناكاساتو، 1700 جادة فرانسيسك
000-13295 إتوبيفا، ساو باولو،
البرازيل
الهاتف:9200 4593 11 55+
أوروبا
المقر اإلقليمي بومرلوتش، لوكسمبورغ
19 طريق باستون بومرلوتش،
L-9638 ،لوكسمبورغ
الهاتف:35 050 269 352+
الفاكس:45 050 269 352+
www.avient.com
https://www.avient.com
AVIENT كولس دعاوق ةنودمل لاثتمالاب رارقإلا
التعليمات:
يُرجى قراءة هذه الوثيقة، وتوقيعها، وإعادتها إلى إدارة الموارد البشرية.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
We used the following quarterly per share fair market values, calculated in accordance with Financial Accounting
Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), in calculating the number of
shares: March 31, 2015 — $37.275 (737 shares); June 30, 2015 — $38.92 (706 shares); September 30, 2015 —
$29.54 (930 shares); and December 31, 2015 — $31.995 (859 shares).
However, we disclose such goals in future proxy statements once
30%
35%
35%
2015 Long-Term Incentive
Plan Vehicles and Weighting
Cash-Settled
Performance Units
Stock Appreciation
Rights (SARs)
Restricted Stock
Units (RSUs)
COMPENSATION DISCUSSION AND ANALYSIS
37
the applicable performance periods have ended as part of our discussion and analysis about the amounts earned by
the Named Executive Officers under these awards.
A Named
Executive Officer’s vested accounts will commence to be paid to them within 30 days of the date of their termination
of employment with us in the form of payment they selected (lump-sum payment or payment in installments over a
period not exceeding 10 years) on an election form received by us.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for South Africa.pdf
i) If Buyer is in default of
performance of its obligations towards Seller and fails to provide
adequate assurance of Buyer’s performance before the date of
scheduled delivery; or (ii) if Seller has reasonable doubts with
respect to Buyer’s performance of its obligations and Buyer fails to
provide to Seller adequate assurance of Buyer’s performance before
the date of scheduled delivery and in any case within thirty (30) days
of Seller’s demand for such assurance; or (iii) if Buyer commits an
act which if committed by a natural person would be an act of
insolvency as defined in the Insolvency Act, 1936; or (iv) if steps
are taken by tor by anyone else to place Buyer in liquidation, whether
voluntary or compulsory, whether provisionally or finally or under
business rescue proceedings; or (v) if Buyer proposes or enters into
a compromise with its creditors generally; or (vi) if Buyer takes steps
to deregister itself or is deregistered, and/or (vii) if Buyer suspends
or ceases, or threatens to suspend or cease, to carry on all or a
substantial part of its business; or (viii) in case of non-compliance of
Buyer with any law, statute ordinance, regulation, code or standard
(“Laws and Standards”), then Seller may by notice in writing to
Buyer, without prejudice to any of its other rights: (a) demand return
and take repossession of any delivered Products which have not been
paid for and all costs relating to the recovery of the Products shall be
for the account of Buyer; and/or (b) suspend its performance or
terminate its order confirmation for pending delivery of Products
unless Buyer makes such payment for Products on a cash in advance
basis or provides adequate assurance of such payment for Products
to Seller.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVI E N T P ROT EC T I VE MAT ER I A L S I N T EG R ATI O N
3
AVI ENT PROTEC TI VE MATERI ALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
20%
4 Figures reflect approximate proportions of 2022 sales
Q 1 P E R F O R M A N C E
Q1 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2021-01/avient-colorants-belgium-registered-publication.pdf
20358298*
Déposé
30-11-2020
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