https://www.avient.com/sites/default/files/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
The following relationships will not be considered to be material relationships that would
impair a director’s independence:
(i) If the director is, or has an immediate family member who is, a partner (general or
limited) in, or a controlling stockholder, equity holder, executive officer, other
employee, or director of, any organization to which the Company made, or from
which the Company received, payments for property or services in the current or any
of the past three fiscal years where the amount involved in such transaction in any
such fiscal year was less than the greater of $1 million or 2% of the organization’s
consolidated gross revenues for that year;
(ii) If the director is, or has an immediate family member who is, a director or trustee of
any organization to which the Company has made, or from which the Company has
received payments for property or services, and the director (or his/her immediate
family member) was not involved in the negotiations of the terms of the transaction,
did not, to the extent applicable, provide any services directly to the Company, and
did not receive any special benefits as a result of the transaction; or
(iii) If the director, or an immediate family member of the director, serves as an officer,
director or trustee of a foundation, university, charitable or other not-for-profit
organization, and the Company’s discretionary charitable contributions to the
organization, in the aggregate are less than the greater of $1 million or 2% of that
organization’s latest publicly available annual consolidated gross revenues.
The Board has delegated specific risk oversight responsibility to the committees of the
Board as follows: (i) the Audit Committee oversees risks related to the Company’s
financial statements, financial reporting processes, internal controls, information
technology, and cybersecurity; (ii) the Compensation Committee oversees risks related to
the Company’s compensation programs; (iii) the Governance and Corporate
Responsibility Committee oversees risks related to the Company’s programs, policies,
and practices related to certain sustainability and governance matters, including a review
of the Company’s Sustainability Report; and (iv) the Environmental, Health and Safety
Committee oversees risks related to safety, health, physical security, environmental, and
product stewardship matters.
https://www.avient.com/products/long-fiber-technology/complet-maximum-toughness
Markets include Tools & Hardware (handles, battery enclosures), Sports & Fitness (protective guards, athletic equipment components), Transportation (automotive structural brackets), Recreational Vehicles (seating components) and Industrial (material handling structures).
https://www.avient.com/products/thermoplastic-elastomers/dynaflex-thermoplastic-elastomers
Aqueous Battery Gasket
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-engineered-polymer-formulations
Industrial pipes, tubing and fluid management; electrical battery components; under-the-hood fuel or chemical contact components; and non-structural components
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
COMPOSITES PORTFOLIO
D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D P A N E L S
T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
4
DEFENSE TELECOMMUNICATIONS ENERGY TRANSPORTATION
Military • Law Enforcement
First Responders
Body Armor • Helmets
Vehicle Protection
Sustainable Infrastructure
Offshore Wind
Electrical Grid Protection
EV Battery Components
Commercial Laminates
Body & Trim • Air Cargo and
Railroad Car Panels
5G Applications
Fiber Optic Cables
Satellite Communications
Connectors and
Components
5
COMPOSITES SERVE DIVERSIFIED
END MARKETS
INDUSTRIAL
Lifting Slings • Aquaculture
High Pressure Pipe
Conveyer Springs
Q 2 P ER FO RM A N CE
Q2 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
ii) Subject to the share counting rules set forth in Section 3(b) of
this Plan, the aggregate number of Common Shares available under Section 3(a)(i) of this
Plan will be reduced by one Common Share for every one Common Share subject to an
award granted under this Plan.
h) Option Rights granted under this Plan may be (i) options, including
Incentive Stock Options, that are intended to qualify under particular provisions of the
Code, (ii) options that are not intended to so qualify, or (iii) combinations of the foregoing.
ii) Each grant may specify that the amount payable on exercise of
an Appreciation Right may not exceed a maximum specified by the Compensation
Committee on the Date of Grant.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
ii
This summary does not contain all of the inforff mation that you should consider, and you should read the entire proxy
statement carefulff ly before voting.
ii) The aggregate number of Common Shares available under Section 3(a)(i)
of this Plan will be reduced by one Common Share for every one Common
Share subject to an award granted under this Plan.
ii) In no event will any Participant in any calendar year be granted Qualified
Perforff mance-Based Awards of Restricted Stock, Restricted Stock Units,
Perforff mance Shares and/or other awards under Section 10 of this Plan, in
the aggregate, for more than 400,000 Common Shares; provided, however,
that with respect to a Participant’s first calendar year of service with the
Company or a Subsidiary, the amount set forff th in this Section 3(d)(ii) is
multiplied by two.
https://www.avient.com/sites/default/files/2024-09/Compensation Committee Charter July 2024.pdf
AVIENT CORPORATION
COMPENSATION COMMITTEE CHARTER
Membership
• The Committee will consist entirely of directors who meet the definition of “independent” as
set forth in the Corporate Governance Standards of the New York Stock Exchange, including
the additional independence requirements set forth in New York Stock Exchange Listed
Company Manual Section 303A.02(a)(ii)
https://www.avient.com/resource-center?document_type=221&all=1
Engineered Polymer Materials for EV Batteries
Learn more about advanced polymer technologies that enhance EV battery design and performance to enable benefits such as extended vehicle range, lightweighting and sustainability.
Avient's Highly Engineered Materials for the Battery and E-mobility Market
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
Global Compact &
fulfilled Communication of Progress (COP)
requirements
• New Sustainability Strategy overview page including
our 2022 AIP ESG metrics
• New ESG Performance page with ESG ratings,
awards, and certifications
• Increased disclosures on carbon emissions, including
disclosure of Climate Change Scenario Analysis
• Added new Product Stewardship and Chemical
Management policies
• Enhanced data reporting for Workforce
Demographics
• Improved social disclosures on human rights,
dependent care and special leave and strategic
training management
2021 SUSTAINABILITY REPORT
Launching integrated sustainability website in parallel with report
Aligned with leading reporting frameworks
6
Released July 2022
ESG RATINGS PERFORMANCE
ESG AWARDS AND CERTIFICATIONS
ESG PERFORMANCE & AWARDS
84th
3
1
2
7
T RAN S FO R MAT IO NAL
OVE RV IE W
Avient Protective
Dyneema
®
RECENT TRANSACTIONS
Acquired Divested
$1.45 B $0.95 B
9
Distribution
UPDATED CAPITAL STRUCTURE
& LIQUIDITY
• Proceeds from completed
sale of Distribution used to
pay near-term maturing debt
to strengthen balance sheet
• Fixed/floating debt ratio of
~55/45
• Proven track record of
deleveraging following major
acquisitions through strong
free cash flow generation
• 2022 pro forma net
debt/adjusted EBITDA
expected to be 3.1x
$725 $725
$575 $500
$600
$525
$650
$650
$600
Capital Structure
Cas
h
$544
Undr
awn
Rev
olve
r
$250
Liquidity
$3.15B
$2.40B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
2023 Notes
After Dyneema
Acquisition
After Distribution
Divestiture
$794M
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
10
PREVIOUS TRANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
11
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $75 million of realized synergies anticipated in 2022
• Acquisition completed on July 1, 2020 for $1.45 billion.