https://www.avient.com/sites/default/files/2022-03/Trilliant HC Electrically Conductive Formulations for Pipette Tips Application Bulletin.pdf
An outstanding balance of conductivity, flow,
dimensional stability and toughness results in
high-quality parts and efficient processing.
https://www.avient.com/sites/default/files/2021-02/versaflex-non-blooming-solution-technical-bulletin.pdf
UV Resistance Test - 0.68W/m2 @ 45°C expose
168 hours
Anti-abrasion Test - H18 wheel load 1kg @
500 cycles
Surface/Non-blooming - Visual observation
Touch Feel - Hand touch
Mechanical Properties - Refer to hardness, gravity,
tensile strength, elongation, MFI, and flexural
modulus, which are tested using ASTM methods
Processing - Demold speed & cycle time
TEST RESULTS
Comprehensively, the Versaflex CE 3130
non-blooming series performed better than
competitive materials in balancing functional
properties and processing.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Financial%2520Review.pdf
Page 93
2011 Highlights
• Versus 2010, revenue growth of 9% drives 23% increase
in adjusted operating income
• Adjusted EPS expands 29% to all-time high of $1.02
Net Sales Adjusted Operating
$1.02
Adjusted EPS
$2,622 $2,643
$2,739
$2,061
$2,622
$2,864
Net Sales
$88 $87
$72
$59
$147
$181
Adjusted Operating
Income
$0.12
$0.27
$0.21
$0.13
$0.79
$1.02
($ millions) ($ millions)
Page 94
2011 Highlights
• Each platform contributed to our year over year
operating income growth
• Record OI achieved in Specialty and POD
• Ten quarters of double-digit adjusted EPS expansion
POD PP&SSpecialty Platform
ROS%* 0.6% 1.5% 3.2% 4.3% 5.3% 8.4% 8.0% 2.9% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.7% 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
$20 $19
$22
$28
$25
$42
$56
O
p
e
ra
ti
n
g
I
n
c
o
m
e
POD
$76
$64 $66
$31 $33
$54
$62
O
p
e
ra
ti
n
g
In
c
o
m
e
PP&S
$5
$13
$31
$46 $46
$87 $89
O
p
e
ra
ti
n
g
I
n
c
o
m
e
Specialty Platform
*ROS% is defined as adjusted operating income % of revenue
($ millions)
Page 95
2011 Highlights
• Continued portfolio repositioning
� Sale of SunBelt equity investment
� Acquisition of specialty companies ColorMatrix and Uniplen
• World-class working capital of 9.6% maintained while
improving on-time delivery to 94%improving on-time delivery to 94%
81%
87%
88%
95%
93% 92%
94%
2005 2006 2007 2008 2009 2010 2011
14.3%
16.2%
14.4%
18.9%
11.7%
9.6% 9.6%
2005 2006 2007 2008 2009 2010 2011
On-Time Delivery Working Capital % of Sales
Page 96
First Quarter 2012 Highlights
• Revenues increased 9%
over Q1 2011 to a new
quarterly record
• Adjusted EPS increased 12%
$0.26
$0.29
Q1 2011 Q1 2012
Adjusted EPS
• Adjusted EPS increased 12%
over prior year
• All platforms delivered
double-digit operating
income growth
Q1 2011 Q1 2012
$25.2
$14.7
$29.1
$17.8
$16.7
Specialty PP&S POD
Q1 2011 Q1 2012
Adjusted Operating Income
$14.3
($ millions)
Page 97
• Total Debt at 3/31/12
Less: Cash
Net Debt
• Available Liquidity
$706
186
$520
$300
$360
$250
$300
$350
$400
$450 Debt Maturities
As of March 31, 2012
($ millions)
Debt Maturities & Liquidity Summary – 3/31/12
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA* = 1.9x
$186
156
$342
*Adjusted EBITDA TTM Pro forma for ColorMatrix
$50
$300
$0
$50
$100
$150
$200
$250
2015 2017 2020
Page 98
• Repurchased 6
million shares in
2011
Share Share
RepurchaseRepurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
DividendsDividends
• Expanding our
sales, marketing,
and technical
capabilities is top
Organic Organic
GrowthGrowth
• Targets that expand our:
• Specialty offering
• End market presence
AcquisitionsAcquisitions
Use of Cash
Current Cash Balance = $186M
Net Debt / EBITDA* = 1.9X
• 7.9 million shares
remain available
for repurchase
under the current
authorization
increased in Q1
2012
• Objective of
maintaining and
growing
capabilities is top
priority
• Investing in
operational and
LSS initiatives
• CAPEX
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
*Adjusted EBITDA TTM Pro forma for ColorMatrix
Page 99
Page 100
https://www.avient.com/idea/designing-parts-meet-sustainability-goals
Ensuring that parts can meet sustainability goals and performance standards can be a balancing act, understanding the potential trade-offs is critical.
https://www.avient.com/sites/default/files/2020-11/eccoh-processing-guide.pdf
ADDITIONAL INFORMATION
See respective data sheets for specific temperature recommendations.
https://www.avient.com/sites/default/files/2020-07/phthalate-facts-brochure.pdf
Examples of
common applications include medical tubing, inflatables,
packaging film and sheets, garden hoses, toys and
automotive plastics.
https://www.avient.com/sites/default/files/2024-07/Cesa and Hiformer Non-PFAS Process Aid Product Bulletin.pdf
KEY CHARACTERISTICS
• Reduces melt fracture leading to fast time
to clear
• Reduces die buildup
• Improves process efficiency
• Retains ability to seal and print
• Available in both solid and liquid
• Offers low concentration efficiency
• Reduces power requirements
• Does not interact with other additives
APPLICATIONS
• Blown film
• Profile extrusion
• Tubing and pipe extrusion
• Wire and cable applications
• Extruded sheet
• Applications in both virgin resin and PCR
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
Buyer acknowledges that
Seller has furnished to Buyer Material Safety Data
sheets, which include warnings together with safety
and health information concerning the Product and/or
the containers for such Product.
Severability In the event of illegality or invalidity of a
provision of this contract under the law of a particular
jurisdiction, the parties shall deem that provision
stricken in its entirety; the balance of this contract shall
remain in full force and effect.
15.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves
and deferred income tax valuation allowance adjustments.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30, 2021
December 31,
2020
ASSETS
Current assets:
Cash and cash equivalents $ 545.2 $ 649.5
Accounts receivable, net 703.0 516.6
Inventories, net 477.2 327.5
Other current assets 123.5 108.5
Total current assets 1,848.9 1,602.1
Property, net 669.6 694.9
Goodwill 1,293.9 1,308.1
Intangible assets, net 948.4 1,008.5
Operating lease assets, net 81.6 80.9
Other non-current assets 168.6 176.0
Total assets $ 5,011.0 $ 4,870.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 8.7 $ 18.6
Accounts payable 557.7 471.7
Current operating lease obligations 24.1 25.1
Accrued expenses and other current liabilities 371.3 285.6
Total current liabilities 961.8 801.0
Non-current liabilities:
Long-term debt 1,851.0 1,854.0
Pension and other post-retirement benefits 111.0 115.0
Non-current operating lease obligations 57.7 56.0
Other non-current liabilities 244.1 332.8
Total non-current liabilities 2,263.8 2,357.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,768.8 1,697.1
Noncontrolling interest 16.6 14.6
Total equity 1,785.4 1,711.7
Total liabilities and equity $ 5,011.0 $ 4,870.5
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2021 2020
Operating Activities
Net income $ 201.7 $ 58.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 105.8 74.8
Accelerated depreciation and amortization 1.9 2.5
Share-based compensation expense 8.4 7.1
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (199.7) (12.7)
(Increase) decrease in inventories (156.2) 53.0
Increase in accounts payable 95.3 21.3
Decrease in pension and other post-retirement benefits (14.2) (14.4)
Increase in post-acquisition earnout liabilities — 2.5
Increase in accrued expenses and other assets and liabilities, net 67.0 56.1
Taxes paid on gain on divestiture — (142.0)
Payment of post-acquisition date earnout liability — (38.1)
Net cash provided by operating activities 110.0 68.7
Investing activities
Capital expenditures (62.7) (38.6)
Business acquisitions, net of cash acquired (47.6) (1,342.7)
Net proceeds from divestiture — 7.1
Other investing activities (2.0) 5.2
Net cash used by investing activities (112.3) (1,369.0)
Financing activities
Debt offering proceeds — 650.0
Purchase of common shares for treasury (4.2) (13.6)
Cash dividends paid (58.2) (52.8)
Repayment of long-term debt (16.5) (6.0)
Payments of withholding tax on share awards (9.1) (1.9)
Debt financing costs — (9.5)
Equity offering proceeds, net of underwriting discount and issuance costs — 496.1
Payment of acquisition date earnout liability — (50.8)
Other financing activities (3.5) —
Net cash (used) provided by financing activities (91.5) 1,011.5
Effect of exchange rate changes on cash (10.5) 1.4
Decrease in cash and cash equivalents (104.3) (287.4)
Cash and cash equivalents at beginning of year 649.5 864.7
Cash and cash equivalents at end of period $ 545.2 $ 577.3
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not
include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments;
intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the
measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, adjustments to uncertain tax position reserves and
deferred income tax valuation allowances.
8
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
Year Ended
December 31,
2020 2019
ASSETS
Current assets:
Cash and cash equivalents $ 649.5 $ 864.7
Accounts receivable, net 516.6 330.0
Inventories, net 327.5 260.9
Other current assets 89.9 57.7
Total current assets 1,583.5 1,513.3
Property, net 694.9 407.4
Goodwill 1,308.1 685.7
Intangible assets, net 1,008.5 469.3
Operating lease assets, net 80.9 63.8
Other non-current assets 195.4 133.8
Total assets $ 4,871.3 $ 3,273.3
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 18.6 $ 18.4
Accounts payable 471.7 287.7
Current operating lease obligations 25.1 21.0
Accrued expenses and other current liabilities 289.2 375.4
Total current liabilities 804.6 702.5
Non-current liabilities:
Long-term debt 1,854.0 1,210.9
Pension and other post-retirement benefits 115.0 56.6
Deferred income taxes 150.7 63.5
Non-current operating lease obligations 56.0 42.8
Other non-current liabilities 192.8 144.3
Total non-current liabilities 2,368.5 1,518.1
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,683.6 1,051.9
Noncontrolling interest 14.6 0.8
Total equity 1,698.2 1,052.7
Total liabilities and equity $ 4,871.3 $ 3,273.3
9
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Year Ended
December 31,
2020 2019
Operating activities
Net income $ 133.4 $ 588.8
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of business, net of tax — (457.7)
Depreciation and amortization 111.8 87.5
Accelerated depreciation and fixed asset charges associated with restructuring activities 3.2 —
Deferred income tax benefit (1.1) (3.2)
Share-based compensation expense 11.3 11.6
Changes in assets and liabilities, net of the effect of acquisitions:
(Increase) decrease in accounts receivable (4.6) 29.7
Decrease in inventories 40.2 40.2
Increase (decrease) in accounts payable 79.5 (22.7)
Increase (decrease) in pension and other post-retirement benefits 30.7 (19.7)
Increase in post-acquisition earnout liabilities 1.0 36.4
(Decrease) increase in accrued expenses and other assets and liabilities - net (3.7) 9.9
Taxes paid on gain on sale of business (142.0) —
Payment of post-acquisition date earnout liability (38.1) —
Net cash provided by operating activities 221.6 300.8
Investing activities
Capital expenditures (63.7) (81.7)
Business acquisitions, net of cash acquired (1,380.2) (119.6)
Net proceeds from divestiture 7.1 761.8
Net proceeds from other assets 5.2 51.4
Net cash (used) provided by investing activities (1,431.6) 611.9
Financing activities
Debt offering proceeds 650.0 —
Borrowings under credit facilities — 963.4
Repayments under credit facilities — (1,083.9)
Purchase of common shares for treasury (22.4) (26.9)
Cash dividends paid (71.3) (60.3)
Repayment of other debt — (1.8)
Repayment of long-term debt (7.8) (6.5)
Payments on withholding tax on share awards (2.3) (2.1)
Debt financing costs (9.5) (0.2)
Equity offering proceeds, net of underwriting discount and issuance costs 496.1 —
Payment of acquisition date earnout liability (50.8) —
Net cash provided (used) by financing activities 982.0 (218.3)
Effect of exchange rate changes on cash 12.8 (0.6)
(Decrease) increase in cash and cash equivalents (215.2) 693.8
Cash and cash equivalents at beginning of year 864.7 170.9
Cash and cash equivalents at end of year $ 649.5 $ 864.7
10
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income at the segment level does not include: special items as defined in Attachment 3; corporate general and
administration costs that are not allocated to segments; intersegment sales and profit eliminations; share-based compensation
costs; and certain other items that are not included in the measure of segment profit and loss that is reported to and reviewed
by the chief operating decision maker.