https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
24
Avient reflects 2021 estimated EBITDA of $510M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
21.1
13.2 13.2
12.0 12.0
9.7
25.2
23.1
14.7
13.5
12.9
11.0 11.0 11.0 10.2
9.6 9.3 9.3 9.1 8.6 8.3
A
vi
e
n
t
K
W
R
A
V
Y
R
P
M
G
C
P
P
P
G
F
U
L
A
L
B
E
C
L
H
X
L
IF
F
F
M
C
G
R
A
B
N
R
F
O
E
A
S
H
C
E
S
C
L
U
N
V
R
E
M
N
H
U
N
K
R
A
Median: 11.0xMedian: 12.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
25
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
18.5
15.1 15.1
14.0
11.0 10.4
29.5
28.2
23.9
18.7
12.4 12.2
11.1
9.3 9.2 9.2
7.6 7.6
6.0
A
vi
e
n
t
K
W
R
P
P
G
A
V
Y
R
P
M
F
U
L
G
C
P
A
L
B
H
X
L
E
C
L
IF
F
F
M
C
B
N
R
A
S
H
S
C
L
E
M
N
U
N
V
R
K
R
A
C
E
H
U
N
Median: 11.1xMedian: 14.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
28
Avient reflects 2021 estimated EBITDA of $560M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
10.2
17.7
16.0
14.9 14.6
11.6 11.1
26.7
24.0
22.8
14.3
12.7
11.5 11.2 11.1 11.0 10.3 10.1
9.5 9.4
8.3
7.0
A
vi
e
n
t
K
W
R
A
V
Y
R
P
M
P
P
G
G
C
P
F
U
L
A
L
B
H
X
L
E
C
L
IF
F
F
M
C
B
N
R
A
S
H
G
R
A
F
O
E
S
C
L
E
M
N
U
N
V
R
C
E
K
R
A
H
U
N
Median: 11.1xMedian: 14.8x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
With the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
33
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
11.4
20.2
16.7 16.5
14.7
12.0
10.8
40.7
29.9
26.2
13.2 12.4
11.0 10.9
9.1 9.0
7.5
6.5
A
vi
e
n
t
K
W
R
P
P
G
A
V
Y
R
P
M
F
U
L
G
C
P
A
L
B
H
X
L
E
C
L
A
S
H
F
M
C
B
N
R
S
C
L
U
N
V
R
E
M
N
C
E
H
U
N
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
28
Avient reflects 2021 estimated EBITDA of $560M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
10.4
18.2
16.0 15.5 15.3
11.3 11.0
29.7
26.5
23.5
18.2
13.4
11.9 11.9 11.7 10.5 10.4 10.3
10.1 9.7
7.7
6.5
A
vi
e
n
t
K
W
R
A
V
Y
P
P
G
R
P
M
F
U
L
G
C
P
H
X
L
A
L
B
E
C
L
IF
F
F
M
C
B
N
R
A
S
H
G
R
A
E
M
N
F
O
E
S
C
L
U
N
V
R
C
E
K
R
A
H
U
N
Median: 11.7xMedian: 15.4x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
GHG Emissions (MT)
Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)
Greenhouse Gas Emissions Intensity (MT 1 & 2 GHG/ MT Production)
0
60,000
120,000
180,000
240,000
300,000
2016 2017 2018* 2019*
.45
.40
.35
.30
.25
.20
.15
.10
.05
0
.43
.35
.38
.34
Total Energy (GJ)
Energy Intensity (MWh/MT Production)
Total Energy
0
200,000
400,000
600,000
800,000
1,000,000
2016 2017 2018 2019
1.10
1.00
.90
.80
.70
.60
.99
.86
.91
.85
*Excludes divested PP&S segment and is consistent with the GHG Protocol Corporate Accounting
and Reporting Standard.
More recently, with the
divestiture of the PP&S segment in 2019 and the acquisition of Clariant
Masterbatch in 2020, we have fundamentally repositioned our portfolio to
that of a true specialty enterprise—from which we can springboard to even
greater heights in the future.
EBITDA as % of Revenue
2019 Pro Forma
Color, Additives & Inks 15.2%
Specialty Engineered Materials 15.2%
Distribution 6.4%
Avient 11.1%
0%
20%
40%
60%
80%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2019 PF**
$14M $117M $273M $500M
Adjusted EBITDA* from Specialty Platform
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
*
Specialty EBITDA
DistributionJV’s Performance
Products & Solutions
Specialty Applications
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
** 2019 Pro Forma for PP&S Divestiture and Clariant Color & Additive Masterbatch business acquisition with synergies
7%
46%
87%
0
10
20
30
40
50
0
10
20
30
40
50
Building & Construction High Growth End Markets
A Specialty Transformation Poised for Future Growth
2006 2019 PF** 2006 2019 PF**
38%
5%
22%
50%
** 2019 Pro Forma for PP&S Divestiture and Clariant Color & Additive Masterbatch business acquisition with synergies
E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
8%
10%
4%
20%
18%
12%E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
66%
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 78
https://www.avient.com/company/policies-and-governance/code-conduct
*Avient Sustainable Solutions definitions aligned with F TC 2012 Guide for the Use of Environmental Marketing Claims
(“Green Guides”)
2016 2017 2018 2019
Revenue from Sustainable Solutions* 2016–2019
Lightweighting
Reduced Material
Requirements
Eco-conscious
Bio-derived Content
Reduced Energy Use
Volatile Organic Compound
Reduction
Recyclability
Renewable Energy
Applications
$275M
$325M
$355M
$410M
14% Total Annual Growth
9% Organic Annual Growth
Sustainable Products
Performance
As highlighted in our Products section, Avient has a highly-
technical and broad portfolio of materials solutions that
help our customers—and our planet—be more sustainable.
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
GHG Emissions (MT)
Greenhouse Gas Emissions (MT Scope 1 & 2 GHG)
Greenhouse Gas Emissions Intensity (MT 1 & 2 GHG/ MT Production)
0
60,000
120,000
180,000
240,000
300,000
2016 2017 2018* 2019*
.45
.40
.35
.30
.25
.20
.15
.10
.05
0
.43
.35
.38
.34
Total Energy (GJ)
Energy Intensity (MWh/MT Production)
Total Energy
0
200,000
400,000
600,000
800,000
1,000,000
2016 2017 2018 2019
1.10
1.00
.90
.80
.70
.60
.99
.86
.91
.85
*Excludes divested PP&S segment and is consistent with the GHG Protocol Corporate Accounting
and Reporting Standard.
More recently, with the
divestiture of the PP&S segment in 2019 and the acquisition of Clariant
Masterbatch in 2020, we have fundamentally repositioned our portfolio to
that of a true specialty enterprise—from which we can springboard to even
greater heights in the future.
EBITDA as % of Revenue
2019 Pro Forma
Color, Additives & Inks 15.2%
Specialty Engineered Materials 15.2%
Distribution 6.4%
Avient 11.1%
0%
20%
40%
60%
80%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2019 PF**
$14M $117M $273M $500M
Adjusted EBITDA* from Specialty Platform
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
*
Specialty EBITDA
DistributionJV’s Performance
Products & Solutions
Specialty Applications
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
** 2019 Pro Forma for PP&S Divestiture and Clariant Color & Additive Masterbatch business acquisition with synergies
7%
46%
87%
0
10
20
30
40
50
0
10
20
30
40
50
Building & Construction High Growth End Markets
A Specialty Transformation Poised for Future Growth
2006 2019 PF** 2006 2019 PF**
38%
5%
22%
50%
** 2019 Pro Forma for PP&S Divestiture and Clariant Color & Additive Masterbatch business acquisition with synergies
E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
8%
10%
4%
20%
18%
12%E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
66%
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 78
https://www.avient.com/company/policies-and-governance/code-conduct
*Avient Sustainable Solutions definitions aligned with F TC 2012 Guide for the Use of Environmental Marketing Claims
(“Green Guides”)
2016 2017 2018 2019
Revenue from Sustainable Solutions* 2016–2019
Lightweighting
Reduced Material
Requirements
Eco-conscious
Bio-derived Content
Reduced Energy Use
Volatile Organic Compound
Reduction
Recyclability
Renewable Energy
Applications
$275M
$325M
$355M
$410M
14% Total Annual Growth
9% Organic Annual Growth
Sustainable Products
Performance
As highlighted in our Products section, Avient has a highly-
technical and broad portfolio of materials solutions that
help our customers—and our planet—be more sustainable.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
45
Source: Peer data per Bloomberg market data as of April 21, 2022
Total Enterprise Value / NTM EBITDA
With the Dyneema and Clariant
Color business acquisition and
divestment of the PP&S business,
along with the proposed sale of
our Distribution business, our
exposure is now concentrated in
less-cyclical and high-growth
markets.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
31
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
18.5
15.1 15.1
14.0
11.0 10.4
29.5
28.2
23.9
18.7
12.4 12.2
11.1
9.3 9.2 9.2
7.6 7.6
6.0
A
vi
e
n
t
K
W
R
P
P
G
A
V
Y
R
P
M
F
U
L
G
C
P
A
L
B
H
X
L
E
C
L
IF
F
F
M
C
B
N
R
A
S
H
S
C
L
E
M
N
U
N
V
R
K
R
A
C
E
H
U
N
Median: 11.1xMedian: 14.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
PROXY SUMMARY
Company Operating Performance
PolyOne again delivered earnings growth in 2017, driven by broad-based organic revenue growth of 7% and record-
setting performances from our Color, Additives and Inks (“CAI”), Performance Products and Solutions (“PPS”) and
Distribution (“POD”) segments.
Record performance in our CAI, PPS and POD
segments, which delivered operating income of
$138.6 million, $77.1 million and $72.6 million,
respectively, in 2017.
Strong organic revenue growth and record operating income in CAI, PPS
and POD, along with lower share count and taxes, contributed to an 8% and 7% increase in earnings per share and
adjusted earnings per share, respectively.