https://www.avient.com/investor-center/news/avient-announces-first-quarter-2023-results
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.
https://www.avient.com/sites/default/files/2023-07/Terms and Conditions of Sale for China - August 2023.pdf
Alleged claims, if any,
do not affect Buyer’s obligation to pay for the
conforming portion of the Products delivered.
Buyer shall be obliged to accept the
Products and pay the rate specified in the order
confirmation for the quantity of Products delivered by
Seller.
Buyer’s failure to pay for the Products shall not
constitute a force majeure event hereunder.
13.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Colombia %28English and Spanish Translation%29.pdf
Alleged claims, if any, do not
affect Buyer’s obligation to pay for the conforming portion of the
Products delivered.
Buyer shall be
obliged to accept the Products and pay the rate specified in the
order confirmation for the quantity of Products delivered by
Seller.
Buyer’s failure to pay for the Products shall not constitute a force
majeure event hereunder.
13.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Taiwan %28English and Chinese Translation%29.pdf
Alleged claims, if any, do not
affect Buyer’s obligation to pay for the conforming
portion of the Products delivered.
Buyer shall be obliged
to accept the Products and pay the rate specified in the
order confirmation for the quantity of Products
delivered by Seller.
Buyer’s failure to pay for the Products shall not
constitute a force majeure event hereunder.
https://www.avient.com/sites/default/files/2023-08/Avient General Purchase Conditions.pdf
Unless expressly
stated to the contrary, prices are (i) fixed and
firm (ii) exclusive of any Value Added Tax
(“VAT”) but (iii) inclusive of all other taxes,
duties, levies, fees (including license fees),
labeling, packaging, shipping, charges and
inclusive all costs.
3.2 Avient shall pay the amount invoiced by
Supplier by bank transfer as follows:
3.2.1 North America.
However, if
Avient pays for any Goods prior to delivery, title
shall pass to Avient upon payment.
All Required
Insurance must be primary and be required to
respond and pay prior to any other available
coverage.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.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 (APM);
• 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
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Avient Corporation 19
Sustainability is integral to achieving our vision, mission, and
performance that:
• creates a safe and accepting environment that
empowers associates to perform to their fullest potential
• gives back to the communities where we work and live
• enables customers to innovate solutions that help make
the planet more sustainable
• protects the environment by addressing climate change,
conserving natural resources and preventing pollution
• actively manages risk for investors & yields
financial performance
Avient Corporation 20
EXTERNAL ALIGNMENT
DEEPLY EMBEDDED IN OUR CULTURE
Avient Corporation 21
MEGATRENDS OFFER OPPORTUNITIES FOR SUSTAINABLE SOLUTIONS
Advancements in
Technology
Transformation of
Municipalities
Lifestyle
Refresh
Rethinking
Globalization
Evolution of
Healthcare
Avient Corporation 22
SUSTAINABILITY TRENDS DRIVING
AVIENT’S GROWTH
Changes in consumer behavior driven by climate
change & desire to reduce plastics waste
Consumers seeking to buy more sustainable products
from more sustainable companies
Brand owner and retailer demand to meet
sustainability targets & needs
Rising emphasis on preserving and protecting
natural resources & human life
Increased current and pending government legislation
and regulations
CONSUMERS WANT SUSTAINABLE PRODUCTS
Source: Simon Kucher 2022
Avient Corporation 23
85%
Consider sustainability
when they purchase
60%
Rate sustainability as a key
criterion in
purchasing decisions
34%
Are willing to pay more for
sustainable products
25%
Average premium
consumers are willing to pay
for sustainable products
PURPOSE-DRIVEN CONSUMERS NOW LARGEST SEGMENT
Source: IBM / National Retail Federation 2022
Avient Corporation 24
“Purpose-driven consumers seek
products and brands that align with
their values and provide health and
wellness benefits.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
Buyer will reimburse Seller for all federal,
state, local or other taxes (other than income taxes),
excises or charges, including superfund taxes and fees,
which Seller may pay in connection with the
manufacture and supply of Product, but only those
amounts not already included in the price at the
commencement of this contract.
8.
Either party may suspend performance
hereunder (except to pay for Product already received)
in the event of: (1) acts of God, fire, explosion, flood,
hurricanes; (2) strikes, lockouts or other industrial
disturbances or riots; (3) war, declared or undeclared,
or acts of terrorism; (4) compliance with any Federal,
state, provincial, municipal or military law, regulation,
order, or rule, foreign or domestic, including priority,
rationing, allocation or preemption orders or
regulations, or cancellation of Seller’s or Buyer’s
license to operate its plant; (5) catastrophic failure of
facilities used to manufacture Product, interruption or
shortage of transportation, labor, power, fuel or raw
materials; (6) total or partial shutdown due to Seller’s
normal plant turnaround; or (7) any other cause or
causes of any kind or character reasonably outside the
control of the party failing to perform, whether similar
or dissimilar from the enumerated causes (a “force
majeure”).
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.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; including recessionary conditions
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows
• 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 the strategic and other objectives relating to the Avient Protective Materials business;
• 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
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.2
T R A N S F O R M A T I O N A L
O V E R V I E W
Avient Protective
Materials
Dyneema
®
RECENT TRANSAC TIONS
Acquired Divested
$1.45 B $0.95 B
4
Distribution
UPDATED CA PI TAL STRUC TURE
& LI QUI DI TY
• 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
Cash
$544
Undrawn
Revolver
$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)
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
5
PREVI OUS TR ANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
6
• 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.
https://www.avient.com/sites/default/files/2020-07/avient-abac-brazil-200720.pdf
São sinais a serem
considerados, dentre outros:
• o terceiro está localizado ou realiza negócios em um
país com altos índices de corrupção
• um cliente, fornecedor ou terceiro
• se opõe às declarações nos contratos referentes a
conformidade com as leis ABAC
• procura um contrato que restrinja a concorrência
• divide a compra em um grupo de compras
menores, para evitar aprovações exigidas pelo
governo ou pela administração da Avient
• é de propriedade ou administrada por um
funcionário público ou alguém intimamente
ligado a um funcionário público
• pede ajustes fora dos registros contábeis ou em
espécie no preço
• não está disposto a informar detalhes necessários
para que a Avient realize o processo de due
diligence
• um fornecedor ou outro terceiro
• solicita pagamento em uma conta bancária
pessoal ou offshore
• não tem a experiência necessária com o produto,
a área, o setor ou a equipe qualificada
• opõe-se a uma declaração de trabalho detalhada
Exigências de manutenção de
registros contábeis
Na maioria das leis ABAC, a Avient e suas afiliadas
devem manter livros e registros contábeis precisos
e detalhados e manter um sistema adequado de
controles internos.
Você pode enviar perguntas ou
reclamações nesse site ou fazer uma ligação para uma
linha direta terceirizada por qualquer um dos números
de telefone específicos de cada país disponíveis no site.
https://www.avient.com/sites/default/files/resources/Terms_and_Conditions_of_Sale_for_Finland_%2528English_Language_Version%2529.pdf
FORCE MAJEURE
Either party may suspend performance hereunder (except to pay for the Product
already received) in the event of: (1) acts of God, fire explosion, flood,
hurricanes; (2) strikes, lockouts or other industrial disturbances or riots; (3) war,
declared or undeclared; (4) compliance with any applicable law, regulation,
order, or rule, foreign or domestic, including but not limited to, export license
restrictions, priority, rationing, allocation or preemption orders or regulations, or
cancellation of Seller's or Buyer's license to operate its manufacturing facilities;
(5) shortage or other failure of facilities used for manufacture or transportation,
shortage of labor, power, fuel or raw materials; (6) total or partial shutdown due
to Seller's normal plant turnaround; or (7) any other cause or causes of any kind
or character reasonably outside the control of the party failing to perform,
whether similar or dissimilar from the enumerated causes (a "force majeure").