https://www.avient.com/news/avient-unveils-high-temperature-vibrant-colorants-healthcare-mdm-west-2022
This range of biocompatible and regulatory-compliant formulations answers a demand for cleaner, brighter colors in the healthcare space,” said Michael Garratt, president, Color, Additives & Inks, EMEA.
https://www.avient.com/investor-center/news/polyone-announces-promotion-robert-t-bindner-president-performance-products-solutions
predecessor company BF Goodrich in 1988 and thereafter ascended in his career through various sales and commercial roles of increasing responsibility – in PP&S; Color, Additives & Inks; and Distribution.
https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology
Marking Inks for PFA/FEP: Colorant Chromatics™
https://www.avient.com/sites/default/files/2021-06/plastisol-storage-handling-technical-bulletin.pdf
The frequency of
the need for re-mixing will typically vary between
1 week and 1 month.
A visual examination of the plastisol is key in
determining the proper re-mixing frequency, or if
separation has occurred.
The visual appearance of
a clear surface layer, or the formation of sediment
on the bottom of the container, is an indication that
separation has occurred and the plastisol needs
to be re-mixed.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Sales:
Color, Additives and Inks $ 581.3 $ 525.8 $ 2,401.6 $ 1,502.9
Specialty Engineered Materials 228.2 190.6 918.9 708.8
Distribution 425.0 305.1 1,630.9 1,110.3
Corporate and eliminations (33.0) (24.5) (132.6) (79.9)
Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1
Gross margin:
Color, Additives and Inks $ 164.5 $ 164.3 $ 727.5 $ 484.4
Specialty Engineered Materials 60.0 59.1 257.4 207.6
Distribution 36.5 32.4 155.8 124.0
Corporate and eliminations (7.9) (2.9) (41.1) (31.7)
Gross margin $ 253.1 $ 252.9 $ 1,099.6 $ 784.3
Selling and administrative expense:
Color, Additives and Inks $ 103.3 $ 106.8 $ 424.4 $ 303.6
Specialty Engineered Materials 31.2 28.7 125.4 113.2
Distribution 14.8 14.4 62.6 54.5
Corporate and eliminations 29.8 38.0 106.0 123.7
Selling and administrative expense $ 179.1 $ 187.9 $ 718.4 $ 595.0
Operating income:
Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8
Specialty Engineered Materials 28.8 30.4 132.0 94.4
Distribution 21.7 18.0 93.2 69.5
Corporate and eliminations (37.7) (40.9) (147.1) (155.4)
Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3
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.
Reconciliation of Pro Forma Adjusted Earnings per Share:
Year Ended
December 31, 2020
Net income from continuing operations attributable to Avient shareholders $ 132.0
Special items, after tax 24.8
Adjusted net income from continuing operations excluding special items 156.8
Clariant Color pro forma adjustments to net income from continuing operations(2) 20.7
Pro forma adjusted net income from continuing operations attributable to Avient
shareholders $ 177.5
Weighted average diluted shares 90.6
Pro forma impact to diluted shares from January 2020 equity offering(2) 1.5
Pro forma weighted average diluted shares 92.1
Adjusted EPS - excluding special items pro forma for Clariant Color acquisition $ 1.93
Year Ended
December 31, 2020
Sales $ 3,242.1
Clariant Color pro forma adjustment to sales(2) 540.4
Pro forma sales $ 3,782.5
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
15
Reconciliation of Earnings Before Interest, Taxes, Depreciation
and Amortization (EBITDA) by Segment
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Operating income:
Color, Additives and Inks $ 61.2 $ 57.5 $ 303.1 $ 180.8
Specialty Engineered Materials 28.8 30.4 132.0 94.4
Distribution 21.7 18.0 93.2 69.5
Corporate and eliminations (37.7) (40.9) (147.1) (155.4)
Operating income $ 74.0 $ 65.0 $ 381.2 $ 189.3
Items below OI in Corporate:
Other income, net $ (5.4) $ 11.7 $ (1.3) $ 24.3
Depreciation & amortization:
Color, Additives and Inks $ 26.4 $ 27.3 $ 105.7 $ 75.1
Specialty Engineered Materials 8.0 7.4 31.7 30.0
Distribution 0.2 0.3 0.8 0.7
Corporate and eliminations 3.6 2.8 7.7 9.3
Depreciation & Amortization $ 38.2 $ 37.8 $ 145.9 $ 115.1
EBITDA:
Color, Additives and Inks $ 87.6 $ 84.8 $ 408.8 $ 255.9
Specialty Engineered Materials 36.8 37.8 163.7 124.4
Distribution 21.9 18.3 94.0 70.2
Corporate and eliminations (39.5) (26.4) (140.7) (121.8)
EBITDA $ 106.8 $ 114.5 $ 525.8 $ 328.7
16
Reconciliation of Pro Forma Sales, Operating Income and EBITDA - Color, Additives and Inks
Year Ended
December 31, 2020
Sales:
Color, Additives and Inks $ 1,502.9
Clariant Color pro forma adjustments(2) 540.4
Pro forma sales $ 2,043.3
Operating income:
Color, Additives and Inks $ 180.8
Clariant Color pro forma adjustments(2) 45.0
Pro forma operating income $ 225.8
Depreciation & amortization:
Color, Additives and Inks $ 75.1
Clariant Color pro forma adjustments(2) 30.1
Pro forma depreciation & amortization $ 105.2
EBITDA:
Color, Additives and Inks $ 255.9
Clariant Color pro forma adjustments(2) 75.1
Pro forma EBITDA $ 331.0
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Three Months Ended
December 31,
Year Ended
December 31,
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA: 2021 2020 2021 2020
Net income from continuing operations – GAAP $ 28.9 $ 74.7 $ 230.6 $ 133.8
Income tax expense (benefit) 22.2 (17.3) 74.0 5.2
Interest expense 17.5 19.3 75.3 74.6
Depreciation and amortization from continuing operations 38.2 37.8 145.9 115.1
EBITDA $ 106.8 $ 114.5 $ 525.8 $ 328.7
Special items, before tax 20.6 4.2 57.1 66.2
Interest expense included in special items — — (10.1)
Depreciation and amortization included in special items (1.6) (0.7) (1.7) (3.2)
Adjusted EBITDA $ 125.8 $ 118.0 $ 581.2 $ 381.6
Clariant Color pro forma adjustments(2) — — — 75.1
Pro forma adjusted EBITDA $ 125.8 $ 118.0 $ 581.2 $ 456.7
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
17
Net Debt Calculation December 31, 2021
Total long-term debt, net $ 1,850.3
Unamortized discount and debt issuance cost 14.4
Short-term and current portion of long term debt 8.6
Total debt $ 1,873.3
Cash (601.2)
Net debt $ 1,272.1
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2024-12/Norbert - Bio 2024.pdf
NORBERT MERKLEIN
Vice President and General Manager EMEA of Color, Additives & Inks
Norbert Merklein serves as Vice President and General Manager for the Europe, Middle
East, and Africa (EMEA) region of Color, Additives & Inks at Avient Corporation, an innovator of
materials solutions that help customers succeed while enabling a sustainable world.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Critical%2520Imperatives.pdf
Page 102
Critical Imperatives – Medium to Long Term
• Continue cultural and paradigm shift from
commodity compounder to collaborative formulator
as One PolyOne
• Accelerate innovation and leverage megatrends to
improve our mix of business with higher-margin improve our mix of business with higher-margin
specialty products
• Increase specialty contribution and advance
globalization via acquisitions
• Drive relentless execution and creative innovation as
key competitive differentiators
Page 103
2011
Proforma ColorMatrix
2015 Target
“Where we are” “Where we expect to be”
1) Operating Income %
Specialty 8.9%
PP&S 7.2%
12 – 16%
9 – 12%
Elevating our Expectations and Yours
PP&S 7.2%
Distribution 5.6%
2) Specialty Platform
% of Operating Income
50%
3) ROIC* (after-tax) 10%
4) Adjusted Annual
EPS Growth
3 yr CAGR = 71%
9 – 12%
6 – 7.5%
65 – 75%
15%
Double Digit Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 104
https://www.avient.com/sites/default/files/2020-08/colormatrix-optica-toner-dispersions-tech-bulletin-a4.pdf
GENERIC SCHEMATIC FOR TONER PREPARATION
Large Mixing
Vessel
Sm all
Mixing
Vessel
Agitation or stirring drives.
https://www.avient.com/sites/default/files/2020-07/woonkeatmoh_0.pdf
WOON KEAT MOH
Senior Vice President, President Color, Additives & Inks–Americas and Asia
Woon Keat Moh (“Moh”) is senior vice president, president, Color, Additives & Inks, Americas
and Asia regions for Avient Corporation, a premier provider of specialized and sustainable
material solutions and services.
https://www.avient.com/sites/default/files/2023-06/2023 Paddlesports Application Graphic.pdf
STRENGTH & FLEX
Excellent Dimensional Stability,
High Stiffness, Impact Resistance
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber
Composite Tapes & Laminates
DURABILITY
Density, Stiffness, Strength
SOLUTION: Short & Long Fiber
Formulations
SURFACE PROTECTION
Performance Enhancements, Chemical Resistance
SOLUTION: Scratch & Mar Resistance,
UV Stable Additives
TACTILE EXPERIENCE
Soft Touch, Slip Resistance
SOLUTION: Thermoplastic
Elastomers
METAL REPLACEMENT
High Stiffness-to-Weight Ratio,
Lightweighting, Buoyancy
SOLUTION: Continuous Filament
Winding Technology
EXTREME
PERFORMANCE
Waterproof Seals
& Closures
SOLUTION: Thermoplastic
Elastomers
DYNAMIC COMFORT
Durability, Customization,
Shock Absorption
SOLUTION: Thermoplastic
Elastomers
COLOR RESILIENCE
Excellent Adhesion
to Substrates,
Weatherability
SOLUTION: Plastisol
Textile Inks
FUNCTIONALITY
High Stiffness, Structural Integrity, Metal
Replacement
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber Composite
Tapes & Laminates
AESTHETIC APPEAL
Custom Colors, Patterns
& Tones
SOLUTION: Custom Polymer
Colorants, Specialty Additives
RESILIENCE
Weatherability, Longevity
SOLUTION: Specialty
Engineered Polymer
Formulations
For more on material solutions for outdoor equipment,
visit avient.com/outdoor.
https://www.avient.com/products/advanced-composites/short-long-fiber-formulations
https://www.avient.com/products/advanced-composites/short-long-fiber-formulations
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
https://www.avient.com/products/advanced-composites/short-long-fiber-formulations
https://www.avient.com/products/advanced-composites/short-long-fiber-formulations
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/thermoplastic-elastomers
https://www.avient.com/products/screen-printing-inks
https://www.avient.com/products/screen-printing-inks
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/polymer-additives
https://www.avient.com/products/engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations
https://www.avient.com/outdoor
https://www.avient.com/outdoor