https://www.avient.com/sites/default/files/2020-05/1.-polyone-ir-presenstation-fermium-research-chemicals-conference.pdf
Senior management has referenced adjusted EPS excluding the impact of additional shares issued in February 2020.
On January 28, 2020, prior to the issuance of the additional shares, the
Company provided guidance for adjusted EPS for the first quarter of 2020.
This guidance excluded the impact of the additional shares subsequently issued in February.
https://www.avient.com/sites/default/files/2023-11/Responsible Care_14001 Global Cert_Avient.pdf
This is to confirm that the Environmental, Health, Safety and Security Management System of:
Avient Corporation HQ
33587 Walker Road
The Environmental, Health, Safety and Security Management System is applicable to:
Certificate No: 65536
Effective Date: 29 September 2023
Expiration Date: 28 September 2026
Revision Date: 22 November 2023 Dominic Townsend, President
CORPORATE SUPPORT ACTIVITIES, DESIGN, MANUFACTURE AND DISTRIBUTION OF COLOUR AND ADDITIVE
CONCENTRATES, THERMOPLASTIC RESINS AND PELLETS, SPECIALTY COMPOUNDS AND COLORANTS.
Garibaldi 2405
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Manufacture of Colour and Additive Concentrates, Thermoplastic
Resins and Specialty Compounds
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Colorants SA
Parc Scientifique Fleming, Fond Jean Pâques 1
Louvain-La-Nueve, Walloon Brabant 1348
Belgium
Facility: Avient Corporation - Maipu, Chile
Camino a Melipilla 15.170
Maipu, Región Metropolitana de Santiago 9250000
Chile
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Corporation - Lahore, Pakistan
Plot no. 135, Kitaar, Bund Road
Off Multan Road, Thokar Niaz Baig.
WA-06, Kalyan-Padgha Road
Vashere, Maharashtra 421302
Activity: Design and Manufacture of Colorants and Additives for Plastics Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Facility: Avient Corporation - Suzano, Brasil
Av.
https://www.avient.com/sites/default/files/2023-11/ISO14001 Global Cert_Avient.pdf
This is to certify that the Environmental Management System of:
Avient Corporation HQ
33587 Walker Road
The Environmental Management System is applicable to:
Certificate No: 65537
Effective Date: 29 September 2023
Expiration Date: 27 September 2026
Revision Date: 22 November 2023 Dominic Townsend, President
CORPORATE SUPPORT ACTIVITIES, DESIGN, MANUFACTURE AND DISTRIBUTION OF COLOUR AND ADDITIVE
CONCENTRATES, THERMOPLASTIC RESINS AND PELLETS, SPECIALTY COMPOUNDS AND COLORANTS.
Garibaldi 2405
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Manufacture of Colour and Additive Concentrates, Thermoplastic
Resins and Specialty Compounds
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Colorants SA
Parc Scientifique Fleming, Fond Jean Pâques 1
Louvain-La-Nueve, Walloon Brabant 1348
Belgium
Facility: Avient Corporation - Maipu, Chile
Camino a Melipilla 15.170
Maipu, Región Metropolitana de Santiago 9250000
Chile
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Corporation - Lahore, Pakistan
Plot no. 135, Kitaar, Bund Road
Off Multan Road, Thokar Niaz Baig.
WA-06, Kalyan-Padgha Road
Vashere, Maharashtra 421302
Activity: Design and Manufacture of Colorants and Additives for Plastics Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Facility: Avient Corporation - Suzano, Brasil
Av.
https://www.avient.com/sites/default/files/2024-05/ISO14001 Global Cert_Avient_2024.pdf
This is to certify that the Environmental Management System of:
Avient Corporation HQ
33587 Walker Road
The Environmental Management System is applicable to:
Certificate No: 65537
Certification Date: 29 September 2023
Effective Date: 22 March 2024
Expiration Date: 27 September 2026
Revision Date: 22 March 2024 Dominic Townsend, President
CORPORATE SUPPORT ACTIVITIES, DESIGN, MANUFACTURE AND DISTRIBUTION OF COLOUR AND ADDITIVE
CONCENTRATES, THERMOPLASTIC RESINS AND PELLETS, SPECIALTY COMPOUNDS AND COLORANTS.
Garibaldi 2405
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Manufacture of Colour and Additive Concentrates, Thermoplastic
Resins and Specialty Compounds
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Colorants SA
Parc Scientifique Fleming, Fond Jean Pâques 1
Louvain-La-Nueve, Walloon Brabant 1348
Belgium
Facility: Avient Corporation - Maipu, Chile
Camino a Melipilla 15.170
Maipu, Región Metropolitana de Santiago 9250000
Chile
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Corporation - Lahore, Pakistan
Plot no. 135, Kitaar, Bund Road
Off Multan Road, Thokar Niaz Baig.
WA-06, Kalyan-Padgha Road
Vashere, Maharashtra 421302
Activity: Design and Manufacture of Colorants and Additives for Plastics Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Facility: Avient Corporation - Suzano, Brasil
Av.
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
30
CULTURE AND PEOPLE
31
OUR SPECIALTY JOURNEY CONTINUES
32
• Dyneema® brings leading technology and brand with the World’s
Strongest Fiber™, deep history of application development and
strong management team focused on specialty applications
• Dyneema® transaction is aligned with our previously stated acquisition
goal of expanding our composites and fiber capabilities
• Similar to our other technology expansion acquisitions, Dyneema®
allows us to leverage our invest-to-grow strategy
• We plan to explore a possible sale of our Distribution business.
In addition, operating
income before the effect of special items is a component of Avient’s annual and long-term employee incentive plans and is used
in debt covenant computations.
March 31, 2022
GAAP
Special
Adjusted
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
March 31, 2021
GAAP
Special
Adjusted
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
GAAP
Special
Adjusted
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
March 31,
Year Ended
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
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
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
Masseto IR Presentation - Final.pdf
Avient Corporation �specialty Portfolio Transformation Continues with Dyneema Acquisition
DISCLAIMER
Slide Number 3
Slide Number 4
Slide Number 5
Q1 2022 SALES AND OPERATING INCOME�(Total Company)
Slide Number 7
Slide Number 8
Slide Number 9
Slide Number 10
FIT with Four Pillar Strategy
Dyneema® overview
Slide Number 13
Slide Number 14
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
2022 ebitda margins vs. peers
Culture and People
Our Specialty Journey continues
Slide Number 33
Avient Acquisition of Dyneema and Q1 2022 Results.pdf
Masseto IR Presentation - 4.19 (515pm) - with attachments.pdf
https://www.avient.com/sites/default/files/2021-04/bergamid-electronic-connectors-case-study.pdf
These connectors often provide signal dampening
that unnecessarily exceeds the needs of the application.
In
addition, they are costly to manufacture, which makes them
economically unfeasible for use in low-cost computers.
THE IMPACT
Avient’s solution was a unique, nylon-based material that met
the all of the application’s performance requirements.
https://www.avient.com/investor-center/news/avient-hold-first-quarter-2022-conference-call
In addition, a recording of the audio will be available for one week, beginning at
https://www.avient.com/company
Our expanding portfolio includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world’s strongest fiber™.
https://www.avient.com/investor-center/news/avient-hold-third-quarter-2021-conference-call
In addition, a recording of the audio will be available for one week, beginning at
https://www.avient.com/investor-center/news/avient-hold-webcast-february-9-2021-review-fourth-quarter-2020-results-and-2021-outlook
In addition to communicating fourth quarter and full year 2020 performance, we will use the webcast to update investors and analysts on the Clariant Masterbatch integration and synergy capture, which is ahead of schedule, and introduce growth projections for 2021."