https://www.avient.com/news/archives?page=62
Delivers quarterly double-digit EPS expansion of 12% to a record $0.57; GAAP EPS increases to $0.74, up from $0.33 in the prior year second quarter
Avient Announces Fourth Quarter and Full Year 2024 Results...
https://www.avient.com/news/archives?page=68
PolyOne Announces Record Fourth Quarter and Full Year 2014 Results
Avient Announces Fourth Quarter and Full Year 2024 Results...
https://www.avient.com/news/archives?page=58
PolyOne Helps PolyCase Win “Ammo of the Year” with Polymer-Based Ammunition
Avient Announces Fourth Quarter and Full Year 2024 Results...
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
We acknowledge and embrace the requirement of financial
performance and growing our company…year after year after
year.
a leading regional distributor of thermoplastic and thermoset resins) from
1991, upon acquisition of Fiberchem by PolyOne’s predecessor, M.A.
Horn worked in
various roles of increasing responsibility at Fiberchem from 1981 to 1991.
https://www.avient.com/news/avient-and-virginia-tech-collaborate-industrial-design-students-challenged-automotive-aftermarket-part-competition
The project started at the end of August when Avient Design presented approximately 40 third-year industrial design students with a captivating design brief.
We’re thrilled our first junior year industrial design student project supported by Avient was a success,” said Martha Sullivan, Chair of Industrial Design at Virginia Tech.
Avient Announces Fourth Quarter and Full Year 2024 Results...
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2022-results-connection-announcement-acquire-dsm-protective-materials-dyneema
an 11% increase over the prior year
in the prior year first quarter
86 in the prior year quarter.
https://www.avient.com/sites/default/files/2021-07/moisture-resistant-nylon-lft-technical-bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
0%
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0 100 200 300 400 500 600 700 800 900 1000
Te
ns
ile
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et
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Hours Submerged
Tensile Strength Retention
Standard Nylon 6/6, 50% Long Glass Fiber
Moisture Resistant Nylon 6/6, 50% Long Glass Fiber
Specialty Nylon 6/12, 50% Long Glass Fiber
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Over the last 10 years, our
multiple has expanded as we have
progressed in our portfolio
transformation.
We expect this expansion to
continue as we execute our
strategy, increase margins and
consistently grow earnings in
excess of the market.
46
Avient reflects 2022 estimated EBITDA of $635M
Past Avient valuations reflect forward 12 months EBITDA at December 31 of the respective years.
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income
GAAP
Results
Special
Items
Adjusted
Results
Operating Income $ 128.6 $ 7.8 $ 136.4
Income before income taxes $ 111.1 $ 7.7 $ 118.8
Income tax expense - GAAP (26.6) — (26.6)
Income tax impact of special items — (2.0) (2.0)
Tax adjustments — 1.5 1.5
Net income attributable to noncontrolling interests (0.3) — (0.3)
Net income attributable to Avient shareholders $ 84.2 $ 7.2 $ 91.4
EPS $ 0.91 0.08 $ 0.99
Weighted-average diluted shares 92.3 92.3 92.3
1
Three Months Ended
March 31, 2021
Reconciliation to Condensed Consolidated Statements of Income
GAAP
Results
Special
Items
Adjusted
Results
Operating Income $ 120.4 $ 2.4 $ 122.8
Income before income taxes $ 102.6 $ 2.4 $ 105.0
Income tax expense - GAAP (22.9) — (22.9)
Income tax impact of special items — (0.9) (0.9)
Tax adjustments — 1.1 1.1
Net income attributable to noncontrolling interests (0.4) — (0.4)
Net income attributable to Avient shareholders $ 79.3 $ 2.6 $ 81.9
EPS $ 0.86 0.03 $ 0.89
Weighted-average diluted shares 92.2 92.2 92.2
Year Ended
December 31, 2021
Reconciliation to Condensed Consolidated Statements of Income
GAAP
Results
Special
Items
Adjusted
Results
Operating income $ 381.2 $ 47.8 $ 429.0
Income from continuing operations before income taxes $ 304.6 $ 57.1 $ 361.7
Income tax expense - GAAP (74.0) — (74.0)
Income tax impact of special items — (13.0) (13.0)
Tax adjustments — 5.9 5.9
Net income attributable to noncontrolling interests 0.2 — 0.2
Net income from continuing operations attributable to Avient shareholders $ 230.8 $ 50.0 $ 280.8
EPS $ 2.51 0.54 $ 3.05
Weighted-average diluted shares 92.1 92.1 92.1
2
Reconciliation of EBITDA by Segment
Three Months Ended
March 31,
Year Ended
December 31,
2022 2021 2021
Operating income:
Color, Additives and Inks $ 94.5 $ 88.8 $ 303.1
Specialty Engineered Materials 39.7 34.2 132.0
Distribution 24.2 24.0 93.2
Corporate and eliminations (29.8) (26.6) (147.1)
Operating income $ 128.6 $ 120.4 $ 381.2
Items below OI in Corporate:
Other income, net $ (0.6) $ 1.5 $ (1.3)
Depreciation & amortization:
Color, Additives and Inks $ 26.0 $ 27.4 $ 105.7
Specialty Engineered Materials 7.8 7.8 31.7
Distribution 0.2 0.2 0.8
Corporate and eliminations 3.8 1.7 7.7
Depreciation & Amortization $ 37.8 $ 37.1 $ 145.9
EBITDA:
Color, Additives and Inks $ 120.5 $ 116.2 $ 408.8
Specialty Engineered Materials 47.5 42.0 163.7
Distribution 24.4 24.2 94.0
Corporate and eliminations (26.0) (24.9) (140.7)
EBITDA $ 165.8 $ 159.0 $ 525.8
Reconciliation of Sales, Operating Income and EBITDA - Distribution
Year Ended
December 31,
2006 2011 2016
Sales $ 732.8 $ 996.5 $ 1,071.0
Operating income 19.2 56.0 68.2
Depreciation & amortization 1.5 0.7 0.7
EBITDA $ 20.7 $ 56.7 $ 68.9
3
Three Months Ended
March 31,
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2021
Net income from continuing operations – GAAP $ 84.5 $ 79.7 $ 230.6
Income tax expense 26.6 22.9 74.0
Interest expense 16.9 19.3 75.3
Depreciation and amortization from continuing operations 37.8 37.1 145.9
EBITDA $ 165.8 $ 159.0 $ 525.8
Special items, before tax 7.7 2.4 57.1
Depreciation and amortization included in special items (2.1) (0.5) (1.7)
Adjusted EBITDA $ 171.4 $ 160.9 $ 581.2
4
AVNT May IR Presentation.pdf
Avient Corporation �investor meetings
DISCLAIMER
Avient: Who We Are
Who we are – Vision, Strategy, Culture
What we do: material science
Sustainability for a Better Tomorrow
Slide Number 7
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Q1 2022 SALES AND OPERATING INCOME�(Total Company)
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FIT with Four Pillar Strategy
Dyneema® overview
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Dyneema® in the Value Chain
Demand trends
Products
Avient’s Existing Composites Portfolio
Avient’s Composites Portfolio�Sales and Ebitda
Distribution Divestiture Considerations
Distribution highlights
Dyneema® Transaction Overview
Capital structure / Leverage
Two-Year Leverage Goal
Pro forma modeling
Our Specialty Journey
Acquisition History
Clariant Color Acquisition
Specialty Transformation
Culture and People
Our Specialty Journey continues
Slide Number 41
PEER COMPARISONS
Avient is asset light
High free cash flow conversion
2022 ebitda margins vs. peers
Our valuation versus peers
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�2021 segment, end market and Geography
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Masseto IR Presentation - 4.19 645pm w Non GAAP Recs.pdf
Masseto IR Presentation - 4.19 (515pm) - with attachments.pdf
https://www.avient.com/news/polyone-recognized-innovation-and-excellence-china
HC360 magazine selected PolyOne as one of the outstanding leading brands committed to promoting the development of China’s plastics industry over the last year.
Avient Announces Fourth Quarter and Full Year 2024 Results...
https://www.avient.com/news/polyone-corporation-host-innovation-day
Innovation has been a cornerstone of our remarkable transformation to a specialty growth company, as evidenced by PolyOne’s mix and profitability improvement in recent years.
Avient Announces Fourth Quarter and Full Year 2024 Results...