https://www.avient.com/sites/default/files/2020-08/colormatrix-amosorb-low-haze-product-bulletin-8.5x11.pdf
LOW HAZE
The new 4020G grade of ColorMatrix Amosorb
offers similar oxygen scavenging performance as
previous solutions with the added benefit of up to
50% lower haze, resulting in improved clarity and
clearer looking bottles.
PRODUCT BULLETIN
KEY BENEFITS
• Non-nylon based
• Up to 50% lower haze
• Lower impact on PET recycle stream
• 40% increased shelf-life at maximum
allowable use limit
• No induction period, provides
immediate protection
• Can be used with any PET & most
rPET grades
• Simple to use with existing mono-
layer equipment
• Suitable for use on multi-layer machines
MARKET & APPLICATIONS
• PET and rPET rigid packaging for food
and beverage
REGULATORY
ColorMatrix Amosorb 4020G meets direct
food contact regulatory requirements in
major markets.
https://www.avient.com/sites/default/files/2024-10/Hydrocerol Chemical Foaming Agents Brochure.pdf
In addition to weight reduction and raw material
savings, Hydrocerol CFAs can provide several
other benefits that include:
• thermal and acoustic insulation
• increased stiffness-to-weight ratio
• elimination of warpage and sink marks
• more efficient processing
Automotive
Hydrocerol Chemical Foaming Agents are
particularly recommended for lightweighting
projects.
Durable Goods
Injection-molded durable goods can also
benefit from the lightweighting effect
of chemical foaming agents, especially
products used in shipment and freight
such as crates, boxes, and pallets, but also
products such as brushes and toys.
https://www.avient.com/sites/default/files/2025-03/ColorMatrix Smartheat RHC Technical Bulletin.pdf
Suitable for PET
and rPET preforms and bottles, it can be added to
preforms providing the following benefits:
• Improved blowing performance
• Potential for increased rPET content
• Increased mechanical strength
• Potential for lightweighting
• Improved performance through the
recycle process
• Reduced energy consumption
• No pre-drying requirements
SmartHeat RHC can contribute towards improved
productivity, reduced manufacturing costs,
improved sustainability, and can broaden the scope
for bottle design.
Its benefits are realized only with
transparent preforms in a 2-stage injection stretch
blow-molding process.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
These moves serve us well in the near term as we navigate current
macroeconomic and geopolitical uncertainty and in the future as we are very well positioned to
benefit from longer term demand trends for sustainable solutions.”
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, 2022
December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents $ 544.4 $ 601.2
Accounts receivable, net 504.6 439.9
Inventories, net 441.5 305.8
Current assets held for sale 367.8 360.2
Other current assets 130.0 119.9
Total current assets 1,988.3 1,827.0
Property, net 965.4 672.3
Goodwill 1,491.0 1,284.8
Intangible assets, net 1,525.7 925.2
Operating lease assets, net 56.0 58.2
Non-current assets held for sale — 22.0
Other non-current assets 280.7 207.7
Total assets $ 6,307.1 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 613.9 $ 8.6
Accounts payable 448.7 429.5
Current operating lease obligations 18.1 21.1
Current liabilities held for sale 170.3 141.3
Accrued expenses and other current liabilities 304.6 340.2
Total current liabilities 1,555.6 940.7
Non-current liabilities:
Long-term debt 2,502.9 1,850.3
Pension and other post-retirement benefits 91.6 99.9
Deferred income taxes 210.4 100.6
Non-current operating lease obligations 35.7 37.3
Non-current liabilities held for sale — 13.1
Other non-current liabilities 174.8 164.8
Total non-current liabilities 3,015.4 2,266.0
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,720.4 1,774.7
Noncontrolling interest 15.7 15.8
Total equity 1,736.1 1,790.5
Total liabilities and equity $ 6,307.1 $ 4,997.2
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2022 2021
Operating Activities
Net income $ 158.5 $ 201.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 110.3 105.8
Accelerated depreciation 4.0 1.9
Share-based compensation expense 9.5 8.4
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (66.5) (199.7)
Increase in inventories (12.5) (156.2)
Increase in accounts payable 43.5 95.3
Decrease in pension and other post-retirement benefits (15.8) (14.2)
(Decrease) increase in accrued expenses and other assets and liabilities, net (7.1) 67.0
Net cash provided by operating activities 223.9 110.0
Investing activities
Capital expenditures (55.1) (62.7)
Business acquisitions, net of cash acquired (1,426.1) (47.6)
Settlement of foreign exchange derivatives 93.3 —
Net cash proceeds used by other assets — (2.0)
Net cash used by investing activities (1,387.9) (112.3)
Financing activities
Debt proceeds 1,300.0 —
Purchase of common shares for treasury (36.4) (4.2)
Cash dividends paid (65.2) (58.2)
Repayment of long-term debt (6.8) (16.5)
Payments of withholding tax on share awards (4.2) (9.1)
Debt financing costs (49.3) —
Other financing activities — (3.5)
Net cash provided (used) by financing activities 1,138.1 (91.5)
Effect of exchange rate changes on cash (30.9) (10.5)
Decrease in cash and cash equivalents (56.8) (104.3)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of period $ 544.4 $ 545.2
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.
Three Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
(Loss) income from continuing operations before income
taxes $ (29.0) $ 82.0 $ 53.0 $ 35.4 $ 19.9 $ 55.3
Income tax expense - GAAP 1.2 — 1.2 (2.0) — (2.0)
Income tax impact of special items (Attachment 3) — (20.5) (20.5) — (4.6) (4.6)
Tax adjustments (Attachment 3) — 6.8 6.8 — (3.6) (3.6)
Income tax (expense) benefit $ 1.2 $ (13.7) $ (12.5) $ (2.0) $ (8.2) $ (10.2)
Effective Tax Rate(1) 4.1 % 23.7 % 5.7 % 18.4 %
(1) Rates may not recalculate from figures presented herein due to rounding
14
Nine Months Ended September 30,
2022 2021
GAAP
Results
Special
Items
Adjusted
Results
GAAP
Results
Special
Items
Adjusted
Results
Income from continuing operations before income taxes $141.2 $ 89.6 $ 230.8 $176.1 $ 36.5 $ 212.6
Income tax expense - GAAP (41.5) — (41.5) (32.1) — (32.1)
Income tax impact of special items (Attachment 3) — (22.5) (22.5) — (8.9) (8.9)
Tax adjustments (Attachment 3) — 10.8 10.8 — (1.6) (1.6)
Income tax (expense) benefit $ (41.5) $ (11.7) $ (53.2) $ (32.1) $ (10.5) $ (42.6)
Effective Tax Rate(1) 29.4 % 23.1 % 18.2 % 20.0 %
(1) Rates may not recalculate from figures presented herein due to rounding
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2022 2021
Net (loss) income from continuing operations – GAAP $ (27.8) $ 33.4 $ 99.7 $ 144.0
Income tax (benefit) expense (1.2) 2.0 41.5 32.1
Interest expense 37.3 19.0 70.4 57.8
Depreciation and amortization from continuing operations 39.8 36.6 113.7 107.1
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
Special items, before tax 82.0 19.9 89.6 36.5
Interest expense included in special items (10.0) — (10.0) —
Depreciation and amortization included in special items (0.8) (0.9) (4.0) (0.1)
Adjusted EBITDA $ 119.3 $ 110.0 $ 400.9 $ 377.4
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2024-07/TPE Whitepaper_0.pdf
Parts Cost
Surplus Stock
Carbon Footprint
Power Consumption
Production Time
TPE Benefits
TPEs can reduce:
TPE Applications
TPEs can used to produce:
Better grips on
instruments
Easy
branding
Easy-to-open
pill bottles
Needs to Meet Future Growth
2010
TPE
Substrate
2030
Futu
re De
man
d
2050
Supply Chain Cap
acity
TPE
Substrate
Parts Cost
Surplus Stock
Carbon Footprint
Power Consumption
Production Time
TPE Benefits
TPEs can reduce:
TPE Applications
TPEs can used to produce:
Better grips on
instruments
Easy
branding
Easy-to-open
pill bottles
Needs to Meet Future Growth
2010
TPE
Substrate
2030
Futu
re De
man
d
2050
Supply Chain Cap
acity
TPE
Substrate
3© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
3.
A COMPARISON: THE ECONOMIC CASE FOR TPEs
Although vulcanized rubbers are initially an economical choice, processing
presents many drawbacks that can wipe out these cost benefits.
Parts Cost
Surplus Stock
Carbon Footprint
Power Consumption
Production Time
TPE Benefits
TPEs can reduce:
TPE Applications
TPEs can used to produce:
Better grips on
instruments
Easy
branding
Easy-to-open
pill bottles
Needs to Meet Future Growth
2010
TPE
Substrate
2030
Futu
re De
man
d
2050
Supply Chain Cap
acity
TPE
Substrate
4© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
CASE IN POINT: STOPPERS AND SEPTUMS
Versaflex™ HC TPE from Avient offers customers an exceptional
alternative to rubber for septums and stoppers.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022_1.pdf
Three Barriers
Although the circular economy produces benefits for the environment, businesses
and individuals, creating the circular economy involves macro changes and is not
without challenges.
Demonstrating to industries the long-term benefits of choosing materials that have
high post-use residual value is a challenge that must be overcome in order to create
a circular economy.
Last but not least,
individuals must rethink how they use products and commit to
lifestyle changes that will have economic and environmental
benefits for everyone.
https://www.avient.com/industries/packaging/personal-care-packaging/hair-care
Soft touch TPEs for over molded caps to engage your consumers with tactile elements and provide ergonomic benefits
Overview of applications and benefits
https://www.avient.com/industries/packaging/personal-care-packaging/bath-and-shower
Soft touch TPEs for over-molded caps to engage your consumers with tactile elements and provide ergonomic benefits
Overview of applications and benefits
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
This includes our culture and unique benefits we offer.
For
parents who qualify for short-term disability wage replacement (STD) benefits, Paid
Parental Leave benefits can be taken after the STD benefits have been exhausted.
Reduces waste to benefit the environment (e.g., food waste).
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
This includes our culture and unique benefits we offer.
For
parents who qualify for short-term disability wage replacement (STD) benefits, Paid
Parental Leave benefits can be taken after the STD benefits have been exhausted.
Reduces waste to benefit the environment (e.g., food waste).