https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Microsoft PowerPoint - AVNT Q3 2021 Earnings Presentation - WEBSITE
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 1 R E S U L T S
(NYSE: AVNT)
O C T O B E R 2 8 , 2 0 2 1
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
You are advised to consult any further disclosures we make
on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
In 2021, we expect substantial earnings growth and strong cash flow generation as we emerge from the
COVID-19 pandemic.
https://www.avient.com/investor-center/investor-news/archives?page=21
January 7, 2019
January 2, 2019
Revenue increased 8% to $883 million, primarily driven by 6% organic growth with acquisitions adding approximately 2%
- GAAP earnings per share o
https://www.avient.com/news/polyone-announces-strong-fourth-quarter-and-full-year-2013-results
January 28, 2014
GAAP earnings per share totaled $0.25 in the fourth quarter of 2013, versus $0.03 reported in the fourth quarter of 2012.
SunBelt equity earnings, after tax
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
For an advance look at our sustainability initiatives, please review our most recent
sustainability report, which will soon be available on our website,” added Ms.
Our
report not only captures our commitments and performance but also clearly demonstrates how
sustainability is an unquestionable growth driver for Avient going forward.”
The comprehensive report includes expanded 2030 Sustainability Goals and highlights related
to each of Avient’s four cornerstones – People, Products, Planet and Performance.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
You are advised to consult any further
disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we
provide to the Securities and Exchange Commission.
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
5
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2020 2019 2020 2019
Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7
Operating Income 65.0 20.5 189.3 156.8
Net income from continuing operations attributable to Avient
shareholders 74.2 6.4 132.0 75.5
Basic earnings per share from continuing operations attributable to Avient
shareholders $ 0.81 $ 0.08 $ 1.47 $ 0.98
Diluted earnings per share from continuing operations attributable to
Avient shareholders $ 0.81 $ 0.08 $ 1.46 $ 0.97
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.
Reconciliation of Pro Forma Adjusted Earnings
per Share:
Three Months Ended
December 31,
Year Ended
December 31,
2019 2020 2019
Net income from continuing operations attributable to
Avient shareholders $ 6.4 $ 132.0 $ 75.5
Special items, after tax (Attachment 3) 19.9 24.8 55.8
Adjusted net income from continuing operations
excluding special items 26.3 156.8 131.3
Clariant MB pro forma adjustments to net income
from continuing operations(2) 1.6 20.7 30.4
Pro forma adjusted net income from continuing
operations attributable to Avient shareholders $ 27.9 $ 177.5 $ 161.7
Weighted average diluted shares 77.5 90.6 77.7
Pro forma impact to diluted shares from January
2020 equity offering 15.3 1.5 15.3
Pro forma weighted average diluted shares 92.8 92.1 93.0
Pro forma adjusted EPS - excluding special items pro
forma for Clariant MB acquisition $ 0.30 $ 1.93 $ 1.74
(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
Year Ended
December 31, 2020
Sales $ 3,242.1
Clariant MB 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
13
https://www.avient.com/investor-center/news/avient-updates-third-quarter-and-full-year-2022-forecast
The Distribution segment will be reported as discontinued operations.
January 1, 2022
January 1, 2021
https://www.avient.com/investor-center/news/polyone-announces-pricing-public-offering-common-shares
January 30, 2020
Jan. 30, 2020
February 4, 2020
https://www.avient.com/company/sustainability/people/ethics-transparency
Reporting
CDP Climate Change Report
Improving the Performance of Protective Face Masks - 2020 Sustainability Report
https://www.avient.com/investors/stock-information
Reporting & SEC Filings
Consensus Earnings Estimates
https://www.avient.com/news/polyone-announces-record-first-quarter-2014-results
I am extremely pleased to report another record-setting quarter for PolyOne," said Stephen D.
Basic earnings per common share impact
Diluted earnings per common share impact