https://www.avient.com/sites/default/files/2023-03/AvientRY 2021 CDP Verification Opinion Declaration_07-26-22r%5B96%5D.pdf
Boundaries of the reporting company GHG emissions covered by the verification:
Operational Control
Global
Exclusions:
Fugitive refrigerants
Types of GHGs: CO2, N2O, CH4
GHG Emissions Statement:
Scope 1: 18,242 metric tons of CO2 equivalent
Scope 2 (Location-Based): 134,244 metric tons of CO2 equivalent
Scope 2 (Market-Based): 85,892 metric tons of CO2 equivalent
Scope 3:
o Category 3 – Fuel and energy-related activities (electricity transportation and distribution losses only):
8,777 metric tons of CO2 equivalent
Data and information supporting the Scope 1 and Scope 2 GHG emissions assertion were in most cases
historical in nature and in some cases were estimated.
Energy:
o Diesel Fuel Consumption: 7,268,012 kWh
o Natural Gas Fuel Consumption: 90,498,342 kWh
o Renewable Energy - Self Generated (solar): 252,779 kWh
o Renewable Energy - Self Generated (Wind): 2,399,531 kWh
o Electric Power: 339,815,274 kWh
Page 2
WATER RESOURCES • ENVIRONMENTAL SERVICES • HEALTH & SAFETY • CLIMATE CHANGE
Apex Companies, LLC • (800) 733-2739 • www.apexcos.com
o Renewable Energy Credit (REC): 121,411,062 kWh
o Renewable Power – Offsite: 27,119,749 kWh
Period covered by GHG emissions verification:
January 1, 2021 to December 31, 2021
GHG Reporting Protocols against which verification was conducted:
World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD)
Greenhouse Gas Protocol, Corporate Accounting and Reporting Standard, Revised Edition (Scope 1 and 2)
and the GHG Protocol Scope 2 Guidance, an amendment to the GHG Protocol Corporate Standard
WRI/WBCSD Corporate Value Chain (Scope 3) Accounting and Reporting Standard
Verification Protocols used to conduct the verification:
ISO 14064-3 Second Edition 2019-04: Greenhouse gases - Part 3: Specification with guidance for the
verification and validation of greenhouse gas statements
Apex’s standard procedures and guidelines for external Assurance of Sustainability Reports and
International Standard on Assurance Engagements (ISAE) 3000 Revised, Assurance Engagements Other
than Audits or Reviews of Historical Financial Information (effective for assurance reports dated on or after
Dec. 15, 2015), issued by the International Auditing and Assurance Standards Board.
Verification Opinion:
Based on the verification process and procedures conducted to a limited assurance level of the GHG emissions
statement shown above, Apex found no evidence that the GHG emissions statement:
is not materially correct and is not a fair representation of the GHG emissions data and information; and
has not been prepared in accordance with the WRI/WBCSD GHG Protocol Corporate Accounting and
Reporting Standard (Scope 1 and 2), and WRI/WBCSD Greenhouse Gas Protocol Corporate Value Chain
Accounting and Reporting Standard (Scope 3).
https://www.avient.com/sites/default/files/2023-07/Avient_RY 2022 CDP Verification Opinion Declaration_07-24-23%5B30%5D.pdf
Boundaries of the reporting company GHG emissions covered by the verification:
Operational Control
Global
Exclusions:
Fugitive refrigerants
Mobile Combustion
Types of GHGs: CO2, N2O, CH4
GHG Emissions Statement:
Scope 1: 34,627 metric tons of CO2 equivalent
Scope 2 (Location-Based): 167,333 metric tons of CO2 equivalent
Scope 2 (Market-Based): 99,465 metric tons of CO2 equivalent
Scope 3:
o Category 3 – Fuel and energy-related activities: 62,049 metric tons of CO2 equivalent
Data and information supporting the Scope 1 and Scope 2 GHG emissions assertion were in most cases
historical in nature and in some cases were estimated.
Energy:
o Diesel Fuel Consumption: 4,754,671 kWh
o Natural Gas Fuel Consumption: 184,415,668 kWh
o Renewable Energy Consumed - Self Generated (solar): 260,378 kWh
o Renewable Energy Consumed - Self Generated (Wind): 2,554,186 kWh
o Grid Electricity Consumed: 436,400,546 kWh
Page 2
WATER RESOURCES • ENVIRONMENTAL SERVICES • INDUSTRIAL HYGIENE • SAFETY • SUSTAINABILITY
Apex Companies, LLC • (800) 733‐2739 • www.apexcos.com
o Renewable Energy Credits (REC) Purchased: 100,691,000 kWh
o Renewable Electricity Consumed – Offsite: 128,982,866 kWh
Period covered by GHG emissions verification:
January 1, 2022 to December 31, 2022
GHG Reporting Protocols against which verification was conducted:
World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD)
Greenhouse Gas Protocol, Corporate Accounting and Reporting Standard, Revised Edition (Scope 1 and 2)
and the GHG Protocol Scope 2 Guidance, an amendment to the GHG Protocol Corporate Standard
WRI/WBCSD Corporate Value Chain (Scope 3) Accounting and Reporting Standard
Verification Protocols used to conduct the verification:
ISO 14064-3 Second Edition 2019-04: Greenhouse gases - Part 3: Specification with guidance for the
verification and validation of greenhouse gas statements
Apex’s standard procedures and guidelines for external Assurance of Sustainability Reports and
International Standard on Assurance Engagements (ISAE) 3000 Revised, Assurance Engagements Other
than Audits or Reviews of Historical Financial Information (effective for assurance reports dated on or after
Dec. 15, 2015), issued by the International Auditing and Assurance Standards Board.
Verification Opinion:
Based on the verification process and procedures conducted to a limited assurance level of the GHG emissions
statement shown above, Apex found no evidence that the GHG emissions statement:
is not materially correct and is not a fair representation of the GHG emissions data and information; and
has not been prepared in accordance with the WRI/WBCSD GHG Protocol Corporate Accounting and
Reporting Standard (Scope 1 and 2), and WRI/WBCSD Greenhouse Gas Protocol Corporate Value Chain
Accounting and Reporting Standard (Scope 3).
https://www.avient.com/sites/default/files/2021-02/2021-baird-sustainability-conference.pdf
Microsoft PowerPoint - 2021 Baird Sustainability Conference
AVIENT CORPORATION
(NYSE: AVNT)
B A I R D
S U S T A I N A B I L I T Y
C O N F E R E N C E
F E B R U A R Y 2 3 , 2 0 2 1
W A LT E R R I P P L E
V I C E P R E S I D E N T , S U S T A I N A B I L T Y
• 28 Years Industry Experience
• Bachelors of Chemistry, Texas A&M University
• Executive MBA, University of Michigan
• Former VP & General Manager, Global GLS
TPE Business
• 2+ years Vice President, Sustainability
Avient Corporation 2
S U S TA I NA B I L I T Y
A T A V I E N T
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
O U R M I S S I O N
E N A B L E O U R C U S T O M E R S ’ I N N O V A T I O N A N D S U S T A I N A B I L I T Y G O A L S
T H R O U G H W O R L D C L A S S P R O D U C T S A N D S E R V I C E S A N D E X C E L L E N C E I N
T H E F O U R C O R N E R S T O N E S O F :
Avient Corporation 3
Enable 100% of products manufactured for
packaging applications to be recyclable or
reusable.
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2 0 3 0 S U STA I NA B I L I T Y TA RG E TS
Avient Corporation 5
P RO D U C T S
8 W A Y S W E H E L P C U S T O M E R S
B E M O R E S U S T A I N A B L E
T R E N D S I N F O C U S
Avient Corporation 6
RECYCLING /
CIRCULAR
ECONOMY
LIGHTWEIGHTING ECO-CONSCIOUS
S U S TA I NA B L E S O LU T I O N S F O R T H E C I RC U L A R
E C O N O M Y
Avient Corporation 7
OPTICA™ TONERS FOR PET
LACTRA™ SX LIGHT BLOCKING
ADDITIVE FOR PET
AMOSORB™ OXYGEN
SCAVENGER FOR PET
JOULE™ & SMARTHEAT™
INFRARED ABSORBER
ULTIMATE™ UV LIGHT BARRIER
CESA®-NATUR BIO-SOURCED
ADDITIVES
TRIPLE A™ ACETALDEHYDE
SCAVENGER FOR PET
IR SORTABLE BLACK FOR
RECYCLABLE PACKAGING
EZE™ SLIP AGENT
FOR PET
ONCOLOR™ NATURALS –
COLORANTS FOR RECYCLABLE
PACKAGING
RESOUND™ OM
THERMOPLASTIC ELASTOMERS
VERSAFLEX™ POST-
CONSUMER RECYCLED (PCR)
TPE FORMULATIONS
AV I E N T C YC L E WO R KS
I N N O V A T I O N C E N T E R T O A D V A N C E
T H E C I R C U L A R E C O N O M Y
• Laboratory mimics real-world circular
recycling in a research environment
• Conducts chemistry testing to improve
plastics recycling for customers
• Screening and evaluation of additive and
colorant systems during recycling
• Collaboration platform for customers and
value chain partners
Avient Corporation 8
Avient Corporation 9
AV I E N T E NA B L E S C U STO M E R S ’
C I RC U L A R E C O N O M Y G OA L S
C O L O R M A T R I X ™ P R O C E S S A I D & T O N E R F O R R E C Y C L E D P E T
L I G H T W E I G H T I NG
Avient Corporation 10
NYMAX™ NYLON
FORMULATIONS
HYDROCEROL® CHEMICAL
FOAMING AGENTS
POLYSTRAND™ TAPES
AND LAMINATES
COMPLĒT™ LFT
ENGINEERED RESINS
W H AT ’ S H A P P E N I N G A V I E N T S O L U T I O N S
PLASTICS ARE:
AV I E N T S O LU T I O N S E NA B L E L I G H T W E I G H T
DA S H B OA R D S K I N S
H Y D R O C E R O L ® F O A M I N G A G E N T S O L U T I O N S
Avient Corporation 11
E C O - C O N SC I O U S
Avient Corporation 12
ONCOLOR™ BRILLIANT
METALLIC COLORANTS
W H AT ’ S H A P P E N I N G
ONCOLOR™ WPC CAPSTOCK
TECHNOLOGY
ZODIAC™ AQUARIUS™
WATER BASED
SCREEN PRINTING INKS
MAGIQ™ FIBER
COLORANTS & ADDITIVES
SAFER & CLEANER
MATERIALS
RESOURCE
CONSERVATION
HUMAN HEALTH &
SAFETY
ECO-CONSCIOUS
ALTERNATIVES
A V I E N T S O L U T I O N S
AV I E N T E C O - C O NS C I O U S S O LU T I O N S I M P ROV E
FAC E M A S K P E R F O R M A N C E
Avient Corporation 13
M A G I Q ™ E L E C T R E T P L U S T E C H N O L O G Y
Improved
filtration efficiency
Protects
against aerosols &
bacteria particles
Increased
shelf-life
ENERGY INTENSITY
9%
DECREASE
WASTE INTENSITY
2%
DECREASE
WATER INTENSITY
20%
DECREASE
TOTAL CO2 EMISSIONS
29%
DECREASE
P L A N ET
K E Y P E R F O R M A N C E I N D I C A T O R S
2 0 1 6 - 2 0 1 9
56 ENERGY REDUCTION
PROJECTS SAVE
7400+
MT/CO2 ANNUALLY
PUNE, INDIAASSESSE, BELGIUM
Avient Corporation 14
• Avient is a founding member
• Cross value chain collaboration
• Driving breakthrough innovations
R E V E N U E F RO M S U S TA I N A B L E S O LU T I ON S
2016 2017 2018 2019 2020PF
VOC Reduction Reduced Energy Use
Bio-derived Content Eco-conscious
Renewable Energy Applications Recyclability
Reduced Material Requirements Lightweighting
$275M
$325M
$355M
$410M
$560M
(1) Proforma to include a full year of Clariant Masterbatch business acquisitionAvient Corporation 16
Revenue from sustainable solutions expected grow at an 8-12% CAGR into the future
(1)
THANK YOU
Avient Corporation 17
https://www.avient.com/sites/default/files/2021-04/poland-commercial-excerpt.pdf
TAK
Rubryka 8 Kapitał spółki
1.Wysokość kapitału zakładowego 29 000 000,00 ZŁ
Podrubryka 1
Informacja o wniesieniu aportu
1.Określenie wartości udziałów objętych za
aport
1 1 015 000,00 ZŁ
Rubryka 9 Nie dotyczy
Brak wpisów
Rubryka 10 Nie dotyczy
Brak wpisów
Dział 2
Rubryka 1 Organ uprawniony do reprezentacji podmiotu
1.Nazwa organu uprawnionego do
reprezentowania podmiotu
ZARZĄD
2.Sposób reprezentacji podmiotu SPÓŁKA JEST REPREZENTOWANA PRZEZ DWÓCH CZŁONKÓW ZARZĄDU DZIAŁAJĄCYCH ŁĄCZNIE
LUB PRZEZ JEDNEGO CZŁONKA ZARZĄDU DZIAŁAJĄCEGO ŁĄCZNIE Z PROKURENTEM
Podrubryka 1
Dane osób wchodzących w skład organu
1 1.Nazwisko / Nazwa lub Firma BĄKAŁA
2.Imiona ANNA EWA
3.Numer PESEL/REGON 69102301765
4.Numer KRS ****
5.Funkcja w organie reprezentującym CZŁONEK ZARZĄDU
6.Czy osoba wchodząca w skład
zarządu została zawieszona w
czynnościach?
W TRYBIE
ART. 492 § 1 PKT 1 KSH, TJ.
Z O.O) - ART. 515 § 1 KSH.
https://www.avient.com/sites/default/files/2020-07/avient-abac-indonesia-200720.pdf
Kebijakan Global
Avient tentang
Antisuap dan
Antikorupsi
Diterbitkan: 1 Juli 2020
Daftar Isi
Kebijakan Global Kita tentang Antisuap dan Antikorupsi 1
Pentingnya Kepatuhan 1
Tanggung Jawab Kita 1
Apa yang Dimaksud dengan Suap?
Menawarkan
barang berharga tidak boleh disalahartikan
sebagai pengeluaran yang sah, wajar, dan
terbatas untuk hadiah, hiburan bisnis, dan
kegiatan sah lainnya yang berkaitan langsung
dengan perilaku bisnis Avient. 1
Pentingnya Kepatuhan
Di mana pun kita beroperasi di dunia, Undang-Undang
Antisuap dan Antikorupsi (Anti-Bribery and Anti-Corruption
atau ABAC) berlaku untuk bisnis kita, termasuk, tetapi tidak
terbatas pada, Undang-undang Praktik Korupsi Luar Negeri
1 Bacalah bagian Hadiah dan Keramahtamahan dalam Pedoman Perilaku Avient
dan Kebijakan Hadiah dan Hiburan kita untuk menentukan jika pengeluaran yang
Anda usulkan diizinkan.
Larangan ini berlaku jika penawaran atau pembayaran
dilakukan secara langsung atau melalui orang lain
• Membuat entri yang menyesatkan, tidak lengkap, atau palsu dalam pembukuan dan catatan Avient
• Mengabaikan tanda bahaya saat berurusan dengan pihak ketiga
Daftar Isi
Amerika Utara
Kantor Pusat Global Avon Lake,
Amerika Serikat
33587 Walker Road Avon Lake, OH,
Amerika Serikat 44012
Nomor Bebas Pulsa:
+1 866 765 9663
Nomor Telepon: +1 440 930 1000
Faks: +1 440 930 3064
Asia Pasifik
Kantor Pusat Regional Shanghai,
Tiongkok
2F, Block C 200 Jinsu Road
Pudong, 201206 Shanghai, Tiongkok
Telepon: +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Amerika Selatan
Kantor Pusat Regional Sao Paulo,
Brasil
Av.
https://www.avient.com/sites/default/files/2020-07/avient-abac-turkey-200721.pdf
Avient Küresel
Rüşvet ve
Yolsuzluk Karşıtı
Politika
Yayınlanma Tarihi: 1
Temmuz 2020
İçindekiler
Küresel Rüşvet ve Yolsuzluk Karşıtı Politika 1
Uyumun Önemi 1
Bizim Sorumluluğumuz 1
Rüşvet Nedir?
Tek tek ülke yasaları değişiklik
gösterse de bu yasalar herhangi bir yolsuzluk veya rüşveti
1 Teklif edilen harcamanıza izin verilip verilmediğini görmek için Avient Davranış
Kurallarının Hediyeler ve Ağırlama bölümüne ve Hediyeler ve Ağırlama Politikamıza
başvurun.
Bu yasak, ödeme doğrudan ya da bir aracı aracılığıyla yapılmış olsun ya da olmasın
geçerlidir
• Avient’in defterlerinde ve kayıtlarında, yanıltıcı, eksik ya da yanlış girişler yapmayın
• Üçüncü taraflarla çalışırken uyarı işaretlerini görmezden gelmeyin
İçindekiler
Kuzey Amerika
Global Genel Müdürlük Avon Lake,
Amerika Birleşik Devletleri
33587 Walker Road Avon Lake, OH,
Amerika Birleşik Devletleri 44012
Ücretsiz: +1 866 765 9663
Telefon: +1 440 930 1000
Faks: +1 440 930 3064
Asya Pasifik
Bölge Merkezi Şanghay, Çin
2F, Block C 200 Jinsu Road
Pudong, 201206 Şanghay, Çin
Telefon: +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Güney Amerika
Bölge Merkezi Sao Paulo, Brezilya
Av.
https://www.avient.com/sites/default/files/2023-09/65799-Certificate-26SEP2023%5B1%5D.pdf
ECert - 2023-09-26T122339.151.pdf
Page 1 of 10
Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon
prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
Kalisabi No. 1, Kec.
No: 149/1
Gebze, Kocaeli 41400
Turkey
Facility: Avient Turkey Renklendirici ve Katkı Maddeleri Sanayi ve Ticaret A
5.
https://www.avient.com/sites/default/files/2022-09/Avient Pro Forma Financial Information.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and has a pending sale of the Distribution segment.
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.
Additionally, Adjusted EPS excludes the impact of special
items and amortization expense associated with intangible assets.
2
PRO FORMA 2021 TO 2022 BRIDGE
3
2021 EPS from Continuing Operations 1.69$
Pro Forma & Special Items 1.33
Proforma 2021 Adjusted EPS 3.02$
FX Impact (0.22)
China Lockdowns / Russia Import Sales (0.24)
Outdoor High Performance (0.13)
Dyneema 0.06
Color, Additives and Inks 0.38
Legacy Specialty Engineered Materials 0.22
Other 0.01
Proforma 2022 Adjusted EPS 3.10$
Constant Currency Sales
Sales
COLOR, ADDITIVES AND INKS
Q1 Q2 Q3 Q4 FY
4%
Q1 Q2 Q3 Q4 FY
4%
7% (4%) (9%)
6% (10%)
0% 1%
2%
Constant currency reflects prior year results restated at current year foreign exchange rates
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
7%
10% 4% (3%)
12% (6%)
5% 6%
9%
610 650 624 649 587 565 581 526
2,402 2,390
589 650 589 649 543 565 545 526
2,266 2,390
116 121 112 119 93 95 88 79
409 414
113 121 106 119 87 95 84 79
390 414
Constant Currency EBITDA
EBITDA
10%
4
Constant Currency EBITDA
Sales
Q1 Q2 Q3 Q4 FY
(1%)
PRO FORMA SPECIALTY ENGINEERED MATERIALS
Q1 Q2 Q3 Q4 FY
16%8% (8%) (8%)
3% (6%) (6%)
(2%) 2%
EBITDA
Constant Currency Sales
Constant currency reflects prior year results restated at current year foreign exchange rates
Q1 Q2 Q3 Q4 FY
4%
Q1 Q2 Q3 Q4 FY
20%12% (1%) (2%)
5% (1%) (2%)
3% 6%
314 338 348 343 325 300 321 295
1,308 1,276
303 338 329 343 303 300 301 295
1,236 1,276
67 78 75 77 70 66 66 62
278 283
65 78 73 77 67 66 63 62
268 283
5
Constant Currency Adjusted EPS
Adjusted EPS
PRO FORMA AVIENT
Q1 Q2 Q3 Q4 FY
10% (3%) (21%)
3%
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
9% 5%
7% (5%) (9%)
(1%)
(1%) (12%)
1%
Sales
Constant Currency Sales
Constant currency reflects prior year results restated at current year foreign exchange rates
Q1 Q2 Q3 Q4 FY
17% 8% (14%)
11%
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
14% 10%
11% 2% (3%)
5%
8% (5%)
7%
EBITDA
Constant Currency EBITDA
925 987 973 992 912 867 902 823
3,712 3,669
893 987 919 992 847 867 845 823
3,504 3,669
161 176 164 172 142 141 133 117
600 606
155 176 157 172 131 141 123 117
566 6068%
2%
0.84 0.98 0.87 0.96 0.70 0.68 0.61 0.48
3.02 3.10
0.79 0.98 0.82 0.96 0.63 0.68 0.56 0.48
2.80 3.10
17%
24%
6
Three Months Ended
March 31, 2022
Three Months Ended
March 31, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS Avient EPS
Net income from continuing operations $ 64.7 $ 60.4
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income from continuing operations attributable to Avient shareholders $ 64.4 $ 0.70 $ 60.0 $ 0.65
Special items, after tax $ 6.4 $ 0.07 $ 2.6 $ 0.03
APM pro forma adjustments 2.6 0.03 (3.1) (0.03)
Amortization expense, after tax 17.4 0.19 17.9 0.19
Adjusted pro forma net income / EPS $ 90.8 $ 0.98 $ 77.4 $ 0.84
Weighted average diluted shares 92.3 92.2
Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS Avient EPS
Net income from continuing operations $ 62.8 $ 50.2
Net income attributable to noncontrolling interests — (0.6)
Net income from continuing operations attributable to Avient shareholders $ 62.8 $ 0.68 $ 49.6 $ 0.54
Special items, after tax $ 3.2 $ 0.03 $ 11.7 $ 0.13
APM pro forma adjustments 5.2 0.06 1.4 0.02
Amortization expense, after tax 17.2 0.19 17.8 0.19
Adjusted pro forma net income / EPS $ 88.4 $ 0.96 $ 80.5 $ 0.87
Weighted average diluted shares 92.1 92.4
Three Months Ended
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS
Net income from continuing operations $ 33.4
Net income attributable to noncontrolling interests 0.3
Net income from continuing operations attributable to Avient shareholders $ 33.7 $ 0.37
Special items, after tax $ 11.7 $ 0.13
APM pro forma adjustments 1.5 0.02
Amortization expense, after tax 17.6 0.19
Adjusted pro forma net income / EPS $ 64.5 $ 0.70
Weighted average diluted shares 92.2
Adjusted EPS may not recalculate due to rounding.
1
Three Months Ended
December 31, 2021
Year Ended
December 31, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS Avient EPS
Net income from continuing operations $ 11.2 $ 155.2
Net income attributable to noncontrolling interests 0.9 0.2
Net income from continuing operations attributable to Avient shareholders $ 12.1 $ 0.13 $ 155.4 $ 1.69
Special items, after tax $ 24.0 $ 0.26 $ 50.0 $ 0.54
APM pro forma adjustments 2.5 0.03 1.6 0.02
Amortization expense, after tax 17.8 0.19 71.1 0.77
Adjusted pro forma net income / EPS $ 56.4 $ 0.61 $ 278.1 $ 3.02
Weighted average diluted shares 92.4 92.1
Reconciliation of Color, Additives and Inks EBITDA
Q1 2021 Q2 2021 Q3 2021 Q4 2021 YTD 2021 Q1 2022 Q2 2022
Operating
Income 88.8 86.3 66.8 61.2 303.1 94.5 93.6
Depreciation and
amortization 27.4 25.3 26.6 26.4 105.7 26.0 25.9
EBITDA $ 116.2 $ 111.6 $ 93.4 $ 87.6 $ 408.8 $ 120.5 $ 119.5
Reconciliation of Specialty Engineered Materials EBITDA
Q1 2021 Q2 2021 Q3 2021
SEM
Pro
forma
APM
Pro
forma
SEM SEM
Pro
forma
APM
Pro
forma
SEM SEM
Pro
forma
APM
Pro
forma
SEM
Operating Income 32.6 9.1 41.7 35.8 13.9 49.7 30.0 15.2 45.2
Depreciation and
amortization 7.8 17.5 25.3 8.1 17.3 25.4 7.9 17.1 25.0
EBITDA $ 40.4 $ 26.6 $ 67.0 $ 43.9 $ 31.2 $ 75.1 $ 37.9 $ 32.3 $ 70.2
Reconciliation of Specialty Engineered Materials EBITDA
Q4 2021 YTD 2021
SEM
Pro
forma
APM
Pro
forma
SEM SEM
Pro
forma
APM
Pro
forma
SEM
Operating Income 27.1 11.7 38.8 125.5 49.9 175.4
Depreciation and amortization 8.0 18.9 26.9 31.8 70.8 102.6
EBITDA $ 35.1 $ 30.6 $ 65.7 $ 157.3 $ 120.7 $ 278.0
2
Reconciliation of Specialty Engineered Materials EBITDA
Q1 2022 Q2 2022
SEM
Pro
forma
APM
Pro
forma
SEM SEM
Pro
forma
APM
Pro
forma
SEM
Operating Income 38.3 15.4 53.7 35.2 17.7 52.9
Depreciation and amortization 7.8 16.6 24.4 7.7 16.6 24.3
EBITDA $ 46.1 $ 32.0 $ 78.1 $ 42.9 $ 34.3 $ 77.2
Reconciliation of Avient consolidated pro forma EBITDA
Q1 2021 Q2 2021 Q3 2021
Avient
Pro
forma
APM
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from
continuing operations 60.4 (3.1) 57.3 50.2 1.4 51.6 33.4 1.5 34.9
Income tax expense 16.3 1.1 17.4 13.8 1.3 15.1 2.0 2.5 4.5
Interest expense 19.3 11.1 30.4 19.5 11.2 30.7 19.0 11.2 30.2
Depreciation and
amortization 36.9 17.5 54.4 33.6 17.3 50.9 36.6 17.1 53.7
EBITDA 132.9 26.6 159.5 117.1 31.2 148.3 91.0 32.3 123.3
Special items, before
tax 2.4 — 2.4 14.2 — 14.2 19.9 — 19.9
Depreciation included
in special items (0.6) — (0.6) 1.4 — 1.4 (0.9) — (0.9)
Adjusted EBITDA $ 134.7 $ 26.6 $ 161.3 $ 132.7 $ 31.2 $ 163.9 $ 110.0 $ 32.3 $ 142.3
Reconciliation of Avient consolidated pro forma EBITDA
Q4 2021 YTD 2021
Avient
Pro
forma
APM
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from continuing operations 11.2 2.5 13.7 155.2 1.6 156.8
Income tax expense 16.2 (1.9) 14.3 48.3 3.7 52.0
Interest expense 17.5 11.1 28.6 75.3 44.6 119.9
Depreciation and amortization 37.9 18.9 56.8 145.0 70.8 215.8
EBITDA 82.8 30.6 113.4 423.8 120.7 544.5
Special items, before tax 20.6 — 20.6 57.1 — 57.1
Depreciation included in special items (1.6) — (1.6) (1.7) — (1.7)
Adjusted EBITDA $ 101.8 $ 30.6 $ 132.4 $ 479.2 $ 120.7 $ 599.9
3
Reconciliation of Avient consolidated pro forma EBITDA
Q1 2022 Q2 2022
Avient
Pro
forma
APM
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from continuing operations 64.7 2.6 67.3 62.8 5.2 68.0
Income tax expense 20.0 1.7 21.7 22.7 1.4 24.1
Interest expense 16.9 11.1 28.0 16.2 11.1 27.3
Depreciation and amortization 37.6 16.6 54.2 36.3 16.6 52.9
EBITDA 139.2 32.0 171.2 138.0 34.3 172.3
Special items, before tax 6.6 — 6.6 0.9 — 0.9
Depreciation included in special items (2.1) — (2.1) (1.1) — (1.1)
Adjusted EBITDA $ 143.7 $ 32.0 $ 175.7 $ 137.8 $ 34.3 $ 172.1
Reconciliation of Specialty Engineered Pro Forma Sales
Q1 2021 Q2 2021 Q3 2021 Q4 2021 YTD 2021 Q1 2022 Q2 2022
Sales 214.7 238.9 231.7 226.3 911.6 243.1 242.3
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 313.6 $ 347.7 $ 325.5 $ 321.2 $ 1,308.0 $ 337.9 $ 342.8
Reconciliation of Avient Pro Forma Sales
Q1 2021 Q2 2021 Q3 2021 Q4 2021 YTD 2021 Q1 2022 Q2 2022
Sales 826.0 864.5 818.0 807.1 3,315.6 892.2 891.0
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 924.9 $ 973.3 $ 911.8 $ 902.0 $ 3,712.0 $ 987.0 $ 991.5
4
IR Slides
V17 - 9.26 324pm IR Deck - AVNT-2022.09.27 Pre Release v2
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_Elastomers_with_Universal_Bonding_Characteristics.pdf
REFERENCES
1.
Capillary viscosity of TPE-1 and -2 at 200°C
1.E+00
1.E+01
1.E+02
1.E+03
1.0E+01 1.0E+02 1.0E+03 1.0E+04 1.0E+05
Shear rate (1/sec)
V
is
co
si
ty
(P
a*
se
c)
TP E-1A
TP E-1B
TP E-2A
TP E-2B
200C
Figure 4.
TPE-1A peel adhesion
0
1
2
3
4
P
ee
l s
tr
en
g
th
:
N
/m
m
190C 205C
220C 235C
D040W6 Lexan 141 Cycolac NA1000
3 . 1
2 . 8 2 . 8
2 . 6
2 . 1
2 . 4 2 . 4 2 . 4
1. 9
2 . 1 2 . 1
1. 9
7
Figure 5.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2 0 3 0 S U STA I NA B I L I T Y TA RG E TS
15
PEER COMPARISONS
16
$442
$457
$560
2019PF 2020PF 2021E
$1.74
$1.93
$2.80
2019PF 2020PF 2021E
FULL YEAR 2019 – 2021 ORGANIC GROWTH
( T O TA L C O M PA N Y )
17
Sales Adjusted EBITDA
$3,981
$3,783
$4,300
2019PF 2020PF 2021E
+ 8%
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1) (1)
(in millions) (in millions)
(1)(1)
+ 27% + 61%
(1) (1)
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.