https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
Developed in Asia, these PA6 and PA66 grades are formulated with 20-100% PCR nylon
Developed in North America & Asia these PA6 and PA66 formulations contain 20-100% PIR nylon
Developed in North America, these black super tough PA6 and PA66 formulations contain 76-78% PIR nylon
https://www.avient.com/products/long-fiber-technology/complet-maximum-toughness
Application Development Center
Complēt MT proved material performance success through extensive Mold Flow and FEA simulations to prove concept without prototyping and minimize development costs
Long Fiber Technologies Application Development
https://www.avient.com/news/where-sustainability-matters-avient-highlight-its-latest-solutions-support-circular-economy-chinaplas-2023
PCR Color Prediction Service: a digital tool developed to illustrate the color possibilities or limitations of certain post-consumer recycled material (PCR) before sample development to help simplify the overall decision-making process for brand owners and technical colorists.
ColorMatrix™ Optica™ PET Blue Toners & Colors: developed for polyethylene terephthalate (PET) resins and preforms, designed to enhance recyclability and reduce yellowing that occurs during the recycling process.
Gravi-Tech™ Density Modified PP-Based Formulations: new, high-impact metallization grades developed to replace die-cast or machined metals while delivering the look and weighted feel of metal in premium brand applications.
https://www.avient.com/news/avient-showcase-newest-additions-its-healthcare-portfolio-mdm-west-2025
Manufactured without intentionally added per- and polyfluoroalkyl substances (PFAS)-based or fluorinated raw materials, they offer a more sustainable solution developed with evolving regulatory requirements in mind.
NEWLY EXPANDED – NEUSoft TPUs are now available in 14 standard colors in the U.S. with a planned 14-day lead time for time-sensitive development projects.
3D Molding and Design Services from Avient Design: These services accelerate product development with advanced design simulation and 3D printing technologies to provide accurate predictions of performance, as well as cost-effective and functional prototypes to help optimize part design.
https://www.avient.com/products/thermoplastic-elastomers/versaflex-thermoplastic-elastomers
Unfilled TPEs developed to deliver optical clarity for a wide variety of applications from pet toys to cap liners
Unfilled, translucent TPE series developed for wide range of applications and offering good colorability
Versaflex™ PF formulations are specially developed for the manufacture of co-extruded surface protective films
https://www.avient.com/center-of-excellence/avient-europe-middle-east-and-africa
With a network of advanced manufacturing facilities across Europe, Middle East and Africa, we can quickly develop formulations to satisfy the demands of your applications.
Avient Innovation Centers are designed to facilitate collaborative innovation, accelerate application development and increase speed-to-market.
Avient Innovation Centers are designed to facilitate collaborative innovation, accelerate application development and increase speed-to-market.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Global%2520Engineered%2520Materials.pdf
Nikrant
Page 67
United
States
36%
Europe
36%
Canada
2%
Asia
20%
Latin
America
2011 Revenue: $0.6 Billion2011 Revenue: $0.6 Billion SolutionsSolutions
At a Glance
Global Specialty Engineered Materials
Appliance
6% Building &
Construction
3%
Wire & Cable
14%
Electrical &
Electronics
14%Consumer
21%
Packaging
5%
Industrial
8%
Misc.
3%
HealthCare
5%
Transportation
21%
America
6%
2011 Revenue by Industry Segment2011 Revenue by Industry Segment
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
12-16%
2006 2007 2008 2009 2010 2011 2015
Operating Income % of Sales
Target
Expanding ProfitsExpanding Profits
Page 68
Value Proposition
• GSEM is a global leader providing complete specialty solutions encompassing
innovative technologies and services to enable customer success
Transformation Highlights
• Dramatic turnaround of the Engineered Materials business through mix
improvement and specialty focus
Value Proposition and Transformation Highlights
Global Specialty Engineered Materials
improvement and specialty focus
• GLS acquisition successfully integrated, having more than
doubled earnings in 3 years
• PolyOne culture and strategy now engrained worldwide
• Expansion into healthcare with dedicated resources
> $15B Addressable Market
Page 69
• Polymer design, formulation and service expertise
• Broad, global technology base and regional centers
of excellence
• Ten innovation centers around the world
Key Differentiators
Global Specialty Engineered Materials
• Ten innovation centers around the world
• Specialty brand leadership with
PolyOne, GLS, NEU and ECCOH
• Ability to leverage global key
account team
Page 70
From Volume
Commodity-driven product portfolio
To Value
Specialty technology and solutions
EM North America Transformation
Volume Sales Gross Margin $
Mix Transformation – Executing the Strategy
Global Specialty Engineered Materials
2006 2011 2006 2011 2006 2011
Page 71
$12
$29
Operating Income
($ in millions)
• Provided access to new customers
in specialized, high-growth markets
such as healthcare and consumer
• Strategic partner to many of the
world’s best-known companies
GLS Integration Success
16.9%
8.2%
2007 2011
2007 2011
Working Capital % of Sales
• Complementary global footprint
provided additional cross-selling
opportunities
• Opportunity to expand margins
and drive working capital
improvement while remaining
customer-focused
Page 72
$1.3
$27.6
2006 2011
Healthcare Revenue
• Investment in dedicated
healthcare team to drive
penetration and growth
• Leverage product portfolio
globally & win specialty business
Areas of Focus
Global Specialty Engineered Materials
$10.5
$117.9
2006 2011
Consumer Revenue
2006 2011globally & win specialty business
in targeted markets
• Aggressively commercialize
specialty innovation platforms
• Utilize our innovation centers to
influence OEM design
(Revenue in $ millions)
Page 73
• Carbon Nanotube Formulations
� Applications: Semiconductor equipment, hard drives
� Customer benefits: Scrap cost reduction and
clean conductivity
• Thermally Conductive Solutions
Applications: Sockets and bulb holders for LED lighting
Key Innovations
Global Specialty Engineered Materials
� Applications: Sockets and bulb holders for LED lighting
� Customer benefits: Cost reduction, energy saving, and
design flexibility
• FDA-Regulated TPEs
� Applications: Food packaging seals, intravenous delivery
systems, medical stoppers, prefilled syringes
� Customer benefits: Clean and safe elastomers for highly
regulated applications
Page 74
Critical Imperatives and 2015 Goal
Global Specialty Engineered Materials
Critical Imperatives
• Commercialize critical new technology platforms
• Manage the mix as we continue to drive
the transformation
• Global translation of commercial successes
2015 Goal
• 12 - 16% return on sales
Page 75
Page 76
https://www.avient.com/products/long-fiber-technology/complet-pke-formulations
Discover FEA capabilities and the benefits for new product development.
Long Fiber Technologies Application Development
Avient long fiber technologies application development center bulletin highlighting services including design support, material validation, simulation support, and in-house prototyping
https://www.avient.com/news/avient-launches-new-recycled-content-thermoplastic-elastomers-and-metallic-effect-sulfone-solutions-fakuma-2024
NEW Colorant Chromatics™ Metallic Effect Pre-Colored Sulfone Formulations: new pre-colored sulfone solutions with metallic effects, including gold, bronze, and silver, developed to emulate finishes that use metal without the weight and secondary processing but have the benefits of sulfone polymers, including ultra-high temperature and chemical resistance.
Especially useful for consumer goods, aerospace, and healthcare, they support extended shelf life, multiple sterilizations, lower energy requirements, and lower volatile organic compound (VOC) emissions, aligning with Avient’s commitment to developing sustainable solutions that can appear luxurious.
RECENTLY LAUNCHED reSound™ REC AF 7210 TPEs: specifically developed for automotive interior applications, these new TPE grades from Avient contain 51-59% recycled content, with a minimum of 37% of that content from PCR sources, including closed-loop feedstock.
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include, but are not limited to: disruptions, uncertainty or volatility in the credit
markets that could adversely impact the availability of credit already arranged and the
availability and cost of credit in the future; the effect on foreign operations of currency
fluctuations, tariffs and other political, economic and regulatory risks; changes in laws and
regulations regarding plastics in jurisdictions where we conduct business; fluctuations in raw
material prices, quality and supply, and in energy prices and supply; production outages or
material costs associated with scheduled or unscheduled maintenance programs; unanticipated
developments that could occur with respect to contingencies such as litigation and
environmental matters; our ability to achieve strategic objectives and successfully integrate
acquisitions, including Avient Protective Materials; an inability to raise or sustain prices for
products or services; our ability to pay regular quarterly cash dividends and the amounts and
timing of any future dividends; information systems failures and cyberattacks; amounts for cash
and non-cash charges related to restructuring plans that may differ from original estimates,
including because of timing changes associated with the underlying actions; and other factors
affecting our business beyond our control, including without limitation, changes in the general
economy, changes in interest rates, changes in the rate of inflation and any recessionary
conditions.
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax (Attachment 3) 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 10.8 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
8
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
March 31,
2023 2022
Sales $ 845.7 $ 892.2
Cost of sales 598.1 637.8
Gross margin 247.6 254.4
Selling and administrative expense 190.5 152.2
Operating income 57.1 102.2
Interest expense, net (28.8) (16.9)
Other income (expense), net 0.7 (0.6)
Income from continuing operations before income taxes 29.0 84.7
Income tax expense (7.7) (20.0)
Net income from continuing operations 21.3 64.7
(Loss) income from discontinued operations, net of income taxes (0.9) 19.8
Net income 20.4 84.5
Net income attributable to noncontrolling interests (0.5) (0.3)
Net income attributable to Avient common shareholders $ 19.9 $ 84.2
Earnings (loss) per share attributable to Avient common shareholders - Basic:
Continuing operations $ 0.23 $ 0.70
Discontinued operations (0.01) 0.22
Total $ 0.22 $ 0.92
Earnings (loss) per share attributable to Avient common shareholders - Diluted:
Continuing operations $ 0.23 $ 0.70
Discontinued operations (0.01) 0.21
Total $ 0.22 $ 0.91
Cash dividends declared per share of common stock $ 0.2475 $ 0.2375
Weighted-average shares used to compute earnings per common share:
Basic 91.0 91.5
Diluted 91.8 92.3
9
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
March 31,
2023 2022
Cost of sales:
Restructuring costs, including accelerated depreciation $ (6.6) $ (4.4)
Environmental remediation costs (1.4) (2.0)
Reimbursement of previously incurred environmental costs — 0.6
Impact on cost of sales (8.0) (5.8)
Selling and administrative expense:
Restructuring, legal and other (15.7) 1.9
Acquisition related costs (3.4) (2.9)
Impact on selling and administrative expense (19.1) (1.0)
Impact on operating income (27.1) (6.8)
Other income (loss), net (0.2) 0.1
Impact on income from continuing operations before income taxes (27.3) (6.7)
Income tax expense (benefit) on above special items 6.9 1.8
Tax adjustments(2) (1.9) (1.5)
Impact of special items on net income from continuing operations $ (22.3) $ (6.4)
Diluted earnings per common share impact $ (0.24) $ (0.07)
Weighted average shares used to compute adjusted earnings per share:
Diluted 91.8 92.3
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt
extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel
reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-
market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation
costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the
divestiture of operating businesses, gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where
such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring
items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results