https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Personal Values
Integrity.
These personal values begin with each of us—the judgments and decisions we make as
individuals affect the way Avient is viewed in the marketplace and in the communities
where we work.
EPS (ex Amort & Financing) 3.96$ 0.82$ 4.78$ (0.88)$ 3.90$
Impact of Financing - April Announcement - (0.47) (0.47) 0.30 (0.17)
Incremental Interest Expense Since Announcement - (0.22) (0.22) (0.22)
Adj.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.
Interest rate exposure — Interest on our revolving credit facility is based upon a Prime rate or LIBOR,
plus a margin.
The interest rate associated with the term loan is 300 basis points plus the greater of (i) the 1-, 2-, 3- or
6-month LIBOR, at the Company’s discretion, or (ii) 75 basis points.
https://www.avient.com/company/sustainability/sustainability-report/ceo-letter
Last year, we improved our ratings from two key and influential third-party agencies, earning a Gold medal from EcoVadis (94th percentile) and an A- from CDP.
Thank you for your interest in our company, and I hope you enjoy reading this Sustainability Report.
https://www.avient.com/uncovering-possibilities
We can recommend changes based on Moldflow® analysis and our knowledge of best practices for thermoplastic part design, flow rates and gating.
ALSO OF INTEREST
https://www.avient.com/news/bic-amplifies-sustainable-design-avient-recycled-content-material-soleil-click-5-women-s-razor-handle
These grades can replace traditional TPEs in personal care, lawn and garden, outdoor high performance, footwear, office supplies, houseware durables, and automotive applications.
https://www.avient.com/knowledge-base/article/developing-your-esg-framework?rtype[]=1164
Each category is scored out of 100 and given a total rating of bronze, silver, gold, or platinum.
If you are interested in learning more about your ESG data and how to achieve your sustainability goals, contact us.
Interested in learning more about your ESG data and how to achieve your sustainability goals?
https://www.avient.com/investors/governance/board-directors
Each of our directors also has the following personal characteristics, which are required attributes for all board members: high ethical standards, integrity, judgment and an ability to devote sufficient time to the affairs of our Company.
Prior to that, he worked for Kimberly-Clark, a global personal care products company.
HP"), a technology company with a product and services portfolio of personal systems, printers, and 3D printing solutions, since 2024.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
The company also noted that it had paid down $100 million of debt and refinanced its Term Loan
during the third quarter, reducing the interest rate and extending certain maturities from 2026 to
2029.
The refinancing and debt reduction will result in $10 million of annual interest expense
savings.
Conference call
participants in the question and answer session should pre-register using the link at
avient.com/investors, or here, to receive the dial-in number and personal PIN.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
When showing constant dollar figures on GAAP and non-GAAP financial measures, the foreign exchange impact is calculated by using current foreign exchange rates and applying them to the prior period results.
We also monitor earnings (defined as net income from continuing operations) before interest,
taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a
supplement to our GAAP measures.
The Q3 2022 "Pro Forma
APM" adjustments reflect periods prior to the acquisition date and are preliminary estimates for APM’s results for the months of July and August.
2
Reconciliation of Avient consolidated pro forma EBITDA
Avient(1)
Pro
forma
APM(1)
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from continuing operations (27.8) 3.9 (23.9) 33.4 0.3 33.7
Income tax expense (1.2) 0.6 (0.6) 2.0 2.5 4.5
Interest expense 37.3 1.8 39.1 19.0 11.2 30.2
Depreciation and amortization 39.8 10.9 50.7 36.6 18.4 55.0
EBITDA 48.1 17.2 65.3 91.0 32.4 123.4
Special items, before tax 82.0 — 82.0 19.9 — 19.9
Interest expense included in special items (10.0) — (10.0) — — —
Depreciation included in special items (0.8) — (0.8) (0.9) — (0.9)
Adjusted EBITDA $ 119.3 $ 17.2 $ 136.5 $ 110.0 $ 32.4 $ 142.4
(1) - Q3 2022 Avient results reflect one month of APM’s results while owned by Avient, as the acquisition closed on September 1, 2022.
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-ctr-additives
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