https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0 10.8
16.1 15.5
14.1 14.0
10.3
21.0
19.0
14.3
12.1 11.8 11.7 11.5
9.7
11
21
23
PM AV
FM
Avient Historic Multiple
Avient Specialty
Other Specialty /
AP P E N DI X
30
Performance
Additives
16%
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 BILLION
US & Canada
34%
38%
END MARKET REGION
33
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 BILLION
US & Canada
52%
35%
34
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
35
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Three Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Reconciliation to Condensed Consolidated Statements of Income: $ EPS $ EPS
Net income (loss) from continuing operations attributable to Avient
shareholders $ 5.1 $ 0.06 $ (27.4) $ (0.30)
Special items, after tax 32.0 0.35 68.3 0.75
Amortization expense, after-tax 15.2 0.16 $ 13.4 $ 0.14
Adjusted net income / EPS $ 52.3 $ 0.57 $ 54.3 $ 0.59
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Sales - GAAP $ 753.7 $ 823.3
Pro Forma APM adjustments — 60.7
Pro forma adjusted sales $ 753.7 $ 884.0
Net income from continuing operations – GAAP $ 5.1 $ (27.8)
Income tax (benefit) expense (0.1) (1.2)
Interest expense, net 30.3 37.3
Depreciation and amortization 46.4 39.8
EBITDA from continuing operations $ 81.7 $ 48.1
Special items, before tax 43.2 82.0
Interest expense included in special items (2.2) (10.0)
Depreciation and amortization included in special items — (0.8)
Adjusted EBITDA $ 122.7 $ 119.3
Pro forma APM adjustments — 17.2
Pro forma adjusted EBITDA $ 122.7 $ 136.5
Pro forma adjusted EBITDA as a % of sales 16.3 % 15.4 %
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense, net 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA from continuing operations $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
Adjusted EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation to EBITDA and Adjusted EBITDA:
December 31, 2022
Net loss from continuing operations – GAAP $ (16.6)
Income tax benefit (60.8)
Interest expense, net 49.4
Depreciation and amortization 48.6
EBITDA from continuing operations $ 20.6
Special items, before tax 104.3
Interest expense included in special items (16.0)
Depreciation and amortization included in special items (1.5)
Adjusted EBITDA $ 107.4
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months Ended
December 31, 2022
Net loss from continuing operations attributable to Avient
shareholders $ (17.0)
Special items, after tax 38.3
Amortization expense, after-tax 14.6
Adjusted net income from continuing operations excluding special
items 35.9
Pro forma adjustments* 2.5
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4
Weighted average diluted shares 91.7
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
AVNT January IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
What we do: We are a formulator
Slide Number 7
Avient protective materials �First Year
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Slide Number 25
Avient is asset light
Free cash flow conversion
Multiple expansion
Slide Number 29
Slide Number 30
Slide Number 31
2022 pro forma segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 35
IR Deck - AVNT-2023.09.30 Non GAAP Recs.pdf
Attachment
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
Chemical bonding
such as Hydrogen Bonding)
=Overmold
=Substrate
Figure 4: Mechanisms of bonding between TPE and rigid substrate
Page 11
July 19, 2007
Figure 5: Schematic diagram of peel adhesion testing.
Figure 11: TPE Overmold offers soft grip in handle applications in personal care
Appliances: Ergonomic, soft touch grips and other surfaces as well as differentiable aesthetics drive the
expanding need for overmolded TPEs in the appliance segment.
https://www.avient.com/sites/default/files/2024-10/Terms%26Conditions - Brazil English %26 Portuguese.pdf
O desempenho do Produto depende da sua
correta utilização, manipulação e
acondicionamento.
11.
Seller shall not be
subject to any liability or damages for delay
in performance or non-performance as a
result of fire, flood, ice, natural catastrophe,
pandemic, strike, lockout, labor shortage,
labor dispute or trouble, accident, riot, act
of governmental authority, act of God, war,
act of terrorism (including cyberterrorism
and ransomware attacks), or other
contingencies and/or circumstances beyond
its reasonable control interfering with the
production, supply, transportation, or
consumption of the Products or with the
supply of any raw materials used in
connection therewith, or the inability of
Seller to purchase raw materials at a
commercially reasonable price, or if
performance would be contrary to, or
constitute a violation of, any regulation,
law, or requirement of a recognized
government authority, and quantities so
affected may be eliminated by Seller from
11.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Avon Lake, Ohio
11.
Gazientep, Turkey 11.
Our Board consists of 12 Directors, 11 of whom are independent, and who each bring a unique set of qualifications
pertaining to corporate governance and Avient’s business.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Avon Lake, Ohio
11.
Gazientep, Turkey 11.
Our Board consists of 12 Directors, 11 of whom are independent, and who each bring a unique set of qualifications
pertaining to corporate governance and Avient’s business.
https://www.avient.com/knowledge-base/article/injection-molding-mold-design?rtype[]=1164
Figure 11 illustrates an example design of a runner keeper.
https://www.avient.com/sites/default/files/2023-09/65799-Certificate-26SEP2023%5B1%5D.pdf
José Garibaldi 2401
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Management of QMS, Design and manufacture of colour and
additive concentrates, thermoplastic resins and specialty
compounds
Activity: Administration, Site management, Manufacture, Laboratory (QC
and Colormatching), Procurement, Maintenance, Infrastructure,
Warehouse and Transport, Sales
Page 3 of 10
Facility: Avient Colorants France S.A.S.
1995 route de la Vallée du Giffre
Saint-Jeoire en Faucigny 74490
France
Facility: Avient Colorants Germany GmbH
Kornkamp 50
Ahrensburg, Thuringia 22926
Germany
Activity: Administration, Site management, Manufacture, Laboratory,
Procurement, Maintenance, Infrastructure, Warehouse and
Activity: Administration, Site management, Manufacture, Laboratory,
Procurement, Maintenance, Infrastructure, Warehouse and
Facility: Avient Colorants Germany GmbH
Hohenrhein 1
Lahnstein, Thuringia 56112
Germany
Facility: Avient Guatemala S.A.
27 Avenida 34–11, Zona 12
Parque Global 1012
Guatemala
Activity: Administration, Site management, Manufacture, Laboratory,
Maintenance, Infrastructure, Warehouse and Transport
Activity: Administration, Site management, Manufacture, Laboratory,
Procurement, Maintenance, Infrastructure, Warehouse and
Facility: Avient (Chile) SpA
Camino a Melipilla 15170
Maipú, Región Metropolitana de Santiago 9250000
Chile
Facility: Avient Colombia S.A.S.
https://www.avient.com/sites/default/files/2021-09/neu-sales-terms-and-conditions.9-16-212.pdf
Seller has no liability for the failure of discharge
or unloading equipment or materials used by Buyer, whether or
not supplied by Seller.
11.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Arabic.pdf
مدونة قواعد السلوك الخاصة بنا
2023
جدول المحتويات
1 رسالة من المدير التنفيذي
2 رؤيتنا واستراتيجيتنا
2 القيم الأساسية والشخصية
مدونة قواعد سلوكنا
4 المبادئ التوجيهية للسلوك الأخلاقي
4 القيم الشخصية
6 حل المسائل والإبلاغ عن حالات عدم الامتثال
6 الخط الساخن للأخلاقيات
6 عدم الانتقام
6 تطبيق مدونة قواعد السلوك
6 مخالفات مدونة قواعد السلوك
الاحترام للجميع
8 التنوع والدمج
8 التمييز أو المضايقات
8 العلاقات في مكان العمل
9 إدمان المخدرات
9 الأمان المادي والعنف في مكان العمل
الأمانة في العمل
11 المعلومات، والبيانات، والسجلات الدقيقة
11 نزاهة المحاسبة
13 اتصالات الشركة
13 حماية الأصول واستخدامها
13 حقوق الملكية وسرية المعلومات، والأفكار والملكية الفكرية
13 حماية الخصوصية، والمعلومات الشخصية، والبيانات
14 استخدام شبكة الإنترنت والبريد الإلكتروني
14 وسائل التواصل الاجتماعي والشبكات الاجتماعية
14 المعلومات الداخلية والتداول
15 المساهمات والأنشطة السياسية/والمساهمات الخيرية
15 التحقيقات والاستفسارات الحكومية
النزاهة في عملنا
17 التعامل العادل
17 الرشاوى والعمولات
18 الوكلاء والمستشارون
18 المنافسة
18 الهدايا والاستضافة
19 تضارب المصالح
19 تعامل ذاتي تتنافر فيه المصلحة والواجب
19 التجارة الدولية
المسؤولية الاجتماعية بالشركة
21 الاستدامة
21 السلامة، والصحة، والبيئة
21 سلامة المنتج والخدمة
21 احترام حقوق الإنسان
22 التزام مشترك
23 موارد ومعلومات الاتصال
1
جدول المحتويات
رسالة من المدير التنفيذي
،Avient السادة موظفي
نظراً لأننا جزء من شركة عالمية متنامية، فإننا نواجه مواقف صعبة وعمليات صنع قرار معقّدة.
ونحن نعتبر أنفسنا
مسؤولين - تجاه بعضنا البعض وتجاه أصحاب المصلحة - عن أفعالنا ونتائجها ونتحمل المسؤولية الشخصية عنها.
11
جدول المحتويات
المعلومات، والبيانات، والسجلات الدقيقة
تعُد السجلات الكاملة والدقيقة والموثوق بها ضرورية لاتخاذ قرارات سليمة وتنفيذ
عمليات فعالة.
تايقالخألل نخاسلا طخلا
https://www.Avient.com/company/policies-and-governance/ethics-hotline
:تايقالخألل نخاسلا طخلا فتاه مقر
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
أمريكا الشمالية
المقر العالمي آفون ليك، الولايات المتحدة
الأمريكية
ووكر رود آفون ليك، أوهايو ، الولايات 33587
المتحدة 44012
الخط المجاني: 9663 765 866 1+
الهاتف: 1000 930 440 1+
الفاكس:3064 930 440 1+
آسيا والمحيط الهادئ
المقر الإقليمي بشنغهاي الصين
ف، بلوك سي 200 جينسو رود بودونغ، 2،201206
شنغهاي، الصين
الهاتف: 4888 6028 21 (0) 86+
الفاكس: 4999 6028 21 (0) 86+
أمريكا الجنوبية
المقر الإقليمي ساو باولو ، البرازيل جادة
فرانسيسكو ناكاساتو، 1700
إتوبيفا، ساو باولو، البرازيل 000- 13295
الهاتف: 9200 4593 11 55+
أوروبا
المقر الإقليمي بومرلوتش، لوكسمبورغ
،طريق باستون بومرلوتش، لوكسمبورغ 19
L-9638
الهاتف: 35 050 269 352+
الفاكس: 45 050 269 352+
www.avient.com
https://www.avient.com
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Pamplona, Spain
11.
Hatfield, Pennsylvania 11.
ITEM 11.