https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
To provide comparable results, the company references “pro forma” financial
metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
Three Months Ended
December 31,
2023 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income (loss) from continuing operations attributable to Avient
shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19)
Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42
Amortization expense, after-tax 15.0 0.16 14.6 0.16
Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Year Ended
December 31,
2023 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90
Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26
Amortization expense, after-tax 61.5 0.67 49.0 0.53
Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69
(1) Per share amounts may not recalculate from figures presented herein due to rounding
1
Three Months Ended
December 31,
Year Ended
December 31,
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA 2023 2022 2023 2022
Sales - GAAP $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Pro forma APM adjustments — — — 256.1
Pro forma adjusted sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,653.0
Net income (loss) from continuing operations – GAAP $ 27.6 $ (16.6) $ 76.3 $ 83.1
Income tax (benefit) expense (7.0) (60.8) 11.0 (19.3)
Interest expense 26.8 49.4 115.3 119.8
Depreciation and amortization from continuing operations 44.2 48.6 188.8 162.5
EBITDA from continuing operations $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items, before tax 22.4 104.3 114.6 194.0
Interest expense included in special items (0.1) (16.0) (2.3) (26.0)
Depreciation and amortization included in special items — (1.5) (1.9) (5.5)
Adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
Pro forma adjusted EBITDA as a percent of sales 15.8 % 13.6 % 16.0 % 16.2 %
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
The company noted that GAAP EPS includes special items (Attachment 3) and intangible
amortization expense (Attachment 1).
https://www.avient.com/news
4
Pro Forma for Acquisition of Avient Protective Materials business (APM)
On September 1, 2022, the company acquired DSM’s Protective Materials business, the foundation
of which is the renowned technology and globally admired brand of Dyneema®, the World’s
Strongest Fiber™.
# #
7
Investor Relations Contact:
Giuseppe (Joe) Di Salvo
Vice President, Treasurer and Investor Relations
Avient Corporation
+1 440-930-1921
giuseppe.disalvo@avient.com
Media Contact:
Kyle G.
https://www.avient.com/sites/default/files/2020-08/trilliant-case-study-1.pdf
V0 @ 1.5 and 3.0mm
FR PC/ABS failed
0% 20% 40% 60% 80% 100% 120% 140%
Virex TB
Clorox
Broad
Spectrum
CaviCide
SaniCloth
Plus
wipes
1% strain not tested
1% strain not tested
FR PC/ABS failed
FR PC/ABS failed
FR PC/ABS failed
FR PC / ABS (1.0% Strain)
FR PC / ABS (1.5% Strain)
Trilliant HC (1.0% strain)
Trilliant HC (1.5% strain)
FR PC/ABS failed
0% 20% 40% 60% 80% 100% 120% 140%
Virex TB
Clorox
Broad
Spectrum
CaviCide
SaniCloth
Plus
wipes
1% strain not tested
1% strain not tested
FR PC/ABS failed
FR PC/ABS failed
FR PC/ABS failed
FR PC / ABS (1.0% Strain)
FR PC / ABS (1.5% Strain)
Trilliant HC (1.0% strain)
Trilliant HC (1.5% strain)
TENSILE STRENGTH RETENTION
AFTER 7 DAYS EXPOSURE
Both materials were tested according to ASTM D543 for 7 days.
https://www.avient.com/sites/default/files/2020-11/syncure-xlpe-processing-guide-spanish.pdf
EXTRUSOR
Tornillo 1½" to 6" para polietileno—Maddock; relación de compresión 3:1
Cabezal De presión
Dado Del tamaño adecuado para una hilera de 1/8" o menos
L/D 24:1 o superior
Paquete de mallas Malla de 20/60/60/20
Canal de enfriamiento 50–65°C
Alimentador Gravimétrico—3 compartimentos (para el color)
Condiciones de secado, solo para
catalizador
Desecante, 4 horas a 60°C
PROCESAMIENTO
Temperatura
Precalentamiento del alambre 110–120°C
Zonas de alimentación 165°C
Transición 170°C
Dosificación 177°C
Cabezal/dado 182°C
Material fundido 177–190°C
Llama a la punta del salida del dado Sí
Velocidad de la línea
La velocidad superior de la línea mejora mezclado de los dos
compuestos y apariencia superficial del dislamiento de la superficie
Compuesto de purga HDPE
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2022-03/CESA Antimicro Product Selector Guide.pdf
POLYMER FAMILY MATERIAL PRODUCT NAME PRODUCT TYPE DOSAGE
Polyolefin PEAN698413 CESA Antimicro SE 99-58 Silver 2–7.5%
Polyolefin PEAN698432 CESA Antimicro J8146 Zinc 1–4%
Polypropylene PPA0698636 CESA Antimicro J8259 Zinc 1–4%
Nylon ABA0820032 CESA Antimicro ABA0820032 Silver 2–7.5%
Polyester NBAN698441 CESA Antimicro S58441 Silver 2–7.5%
Polycarbonate NCAN820009 CESA Antimicro NCAN820009 Silver 2–7.5%
TPU RUA0698433 CESA Antimicro J8843 Zinc 1–4%
Styrenic SLA0820011 CESA Antimicro SLA0820011 Zinc 1–4%
https://www.avient.com/sites/default/files/2021-06/inscripcion-registro-santiago-cambio-razon-social-performance-masterbatches618874v1.pdf
Santiago, 3 Junio 2021
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012-2106-0309-1142
Documento incorpora Firma
Electronica Avanzada
Código de Verificación: cec_1c0abd-0 pagina 2 de 2
EDUARDO JAVIER DIEZ MORELLO
2021-06-03T10:28:54-0600
Santiago
Firma Electrónica Notario
2021-06-04T10:37:47-0400
https://www.avient.com/sites/default/files/2024-12/ISO9001 2015 Certificate for Shenzhen Plant%282024-2027%29.pdf
Zwolseweg 1, 2994 LB, Barendrecht, Netherlands - TEL: +31(0)102922689. www.dnv.com/assurance
MANAGEMENT SYSTEM
CERTIFICATE
Certificate no.:
3033-2006-AQ-RGC-RvA
Initial certification date:
07 November 2018
Valid:
08 November 2024 – 07 November 2027
This is to certify that the management system of
Polyone - Shenzhen Co., Ltd.
No. 1, Qihang Industry Park, Haoxiang Road, Shajing Town, Baoan, Shenzhen, Guangdong,
China 518104
has been found to conform to the Quality Management System standard:
GB/T 19001-2016 / ISO 9001:2015
This certificate is valid for the following scope:
Development and Manufacture of Masterbatch, Pigment Concentration, Plastisol;
Manufacture of Plastic Compounding Material
http://www.dnv.com/assurance
证书制作地点及日期:
证书认可签发机构:
上海, 2024年10月 10日 DNV - Business Assurance
中国上海市长宁区虹桥路1591号9号楼A座 邮编:
200336 电话: +86 21 32799000
朱海明
管理代表
未履行认证协议中规定条款会导致此证书失效,获证组织必须定期接受监督审核并经审核合格此证书方继续有效。
获得认可的单位: DNV Business Assurance B.V., Zwolseweg 1, 2994 LB, Barendrecht, Netherlands - TEL: +31(0)102922689. www.dnv.com/assurance
本证书信息可在国家认证认可监督管理委员会官方网站(WWW.CNCA.GOV.CN) 上查询
管理体系认证证书
证书号码:
3033-2006-AQ-RGC-RvA
首次签发日期:
2018年11月 07日
有效期限:
2024年11月 08日 – 2027年11月 07日
兹证明
普立万聚合体(深圳)有限公司
中国广东省深圳市宝安区沙井镇蚝乡路启航工业园1号 518104
统一社会信用代码:9144030076498189X0
质量管理体系符合 :
GB/T 19001-2016 / ISO 9001:2015标准
此证书对下列范围有效:
色母粒,色浆,增塑溶胶的开发和制造;塑料改性材料的制造
http://www.dnv.com/assurance
WWW.CNCA.GOV.CN)上查询
https://www.avient.com/sites/default/files/2025-03/ISO 13485 2025.pdf
H61173
Page 1 of 3
Validity 01. 03. 2025 – 29. 02. 2028
Issue 01. 03. 2025
A.Grisard, President SQS F.
EN ISO 13485:2016 H61173 01.03. 2025
29.02. 2028
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Appendix
Reg. no.
EN ISO 13485:2016 H61173 01.03. 2025
29.02. 2028
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Appendix
Reg. no.
https://www.avient.com/sites/default/files/2021-01/avient-colorants-switzerland-register-excerpt.pdf
Handelsregisteramt des Kantons Basel-Landschaft BASEL
LAN DSCHAFT
$t
Firmennummer
cHE-480.567.505
Rechtsnatur
Aktiengesellschaft
Eintragung
09.09.2019
Löschung U be rtra g CH-280.3.023.7 7 7 -6
von:
auf:
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1 Muttenz
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1 Rothausstrasse 61
4132 Muttenz
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1 Die Gesellschaft bezweckt den Erwerb, die Ver"waltung und Veräusserung von
Beteiligungen an Unternehmen, die auf dem Gebiet der Chemie und verwandten
Gebieten tätig sind, insbesondere im Bereich Masterbatches und Kunststoffe.
Ei Lö Bemerkungen Rel Statutendatum
1
1
Die Ubertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.
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26.06.2020
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Handelsregisteramt des Kantons Basel-Landschaft BAS E Li!
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
Garratt(1) 20,000 14,126 20,267
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