https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
The following table provides
membership and meeting information for each committee as of March 19, 2024.
The information below is current as of March 19, 2024.
Beggs, the stock awards reflect RSUs that
were granted in recognition of her appointment as Senior Vice President, Chief Financial Officer on August 24, 2020, and which vested on August
24, 2023.
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
Director since: 2021
Age: 53
Current Public Company Directorships:
• None
Former Directorships:
• None
ELECTION OF BOARD OF DIRECTORS
PROXY STATEMENT 2023 | Annual Meeting of Shareholders 19
William R.
Rathbun – 65% for January 2022 – July 2022 (increased from a 2021 target
of 60%) and 75% for August 2022– December 2022 (increased from the 65% target, in recognition of Mr.
Beggs joined the Company on August 24, 2020, after the grant date for these awards,
and therefore did not participate in the 2020-2022 Long-Term Incentive Program.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_russian.pdf
Наш кодекс
поведения
2023
Оглавление
ОБРАЩЕНИЕ ГЕНЕРАЛЬНОГО ДИРЕКТОРА 1
НАШЕ ВИДЕНИЕ И СТРАТЕГИЯ 2
ОСНОВОПОЛАГАЮЩИЕ И ЛИЧНОСТНЫЕ
ЦЕННОСТИ 2
Наш кодекс поведения
РУКОВОДЯЩИЕ ПРИНЦИПЫ ДЛЯ ЭТИЧНОГО
ПОВЕДЕНИЯ 4
ЛИЧНОСТНЫЕ ЦЕННОСТИ 4
РЕШЕНИЕ ВОПРОСОВ И СООБЩЕНИЯ О
СИТУАЦИЯХ, КОГДА ПРОИСХОДЯТ НАРУШЕНИЯ
НОРМАТИВНО-ПРАВОВОГО СООТВЕТСТВИЯ 6
ГОРЯЧАЯ ЛИНИЯ ПО ВОПРОСАМ ЭТИКИ 6
ЗАПРЕТ МЕР ВОЗМЕЗДИЯ 7
ПРИМЕНЕНИЕ КОДЕКСА ПОВЕДЕНИЯ 7
НАРУШЕНИЯ КОДЕКСА 7
Уважение ко всем
РАЗНООБРАЗИЕ И ВКЛЮЧЕНИЕ СОТРУДНИКОВ В
ПРОЦЕСС ОБСУЖДЕНИЯ ПРОБЛЕМ 9
ДИСКРИМИНАЦИЯ ИЛИ ПРИТЕСНЕНИЯ 9
ОТНОШЕНИЯ НА РАБОЧЕМ МЕСТЕ 9
ЗЛОУПОТРЕБЛЕНИЕ АЛКОГОЛЕМ И
НАРКОТИКАМИ 10
ФИЗИЧЕСКАЯ БЕЗОПАСНОСТЬ И НАСИЛИЕ
НА РАБОЧЕМ МЕСТЕ 10
Честность на рабочем месте
ТОЧНАЯ ИНФОРМАЦИЯ, ДАННЫЕ И
ДОКУМЕНТАЦИЯ 12
ДОБРОСОВЕСТНОСТЬ БУХГАЛТЕРСКОГО УЧЕТА 12
КОММУНИКАЦИИ КОМПАНИИ 14
ЗАЩИТА АКТИВОВ И ИХ ИСПОЛЬЗОВАНИЕ 14
ЛИЧНАЯ И КОНФИДЕНЦИАЛЬНАЯ
ИНФОРМАЦИЯ, ИДЕИ И ИНТЕЛЛЕКТУАЛЬНАЯ
СОБСТВЕННОСТЬ 14
КОНФИДЕНЦИАЛЬНОСТЬ, ЛИЧНАЯ
ИНФОРМАЦИЯ И ЗАЩИТА ДАННЫХ 15
ИСПОЛЬЗОВАНИЕ ИНТЕРНЕТА И
ЭЛЕКТРОННОЙ ПОЧТЫ 15
СОЦИАЛЬНЫЕ МЕДИА И СОЦИАЛЬНЫЕ СЕТИ 16
КОМПЬЮТЕРНАЯ БЕЗОПАСНОСТЬ,
ЛИЦЕНЗИРОВАНИЕ ПРОГРАММНОГО
ОБЕСПЕЧЕНИЯ И АВТОРСКИЕ ПРАВА 16
ИНСАЙДЕРСКАЯ ИНФОРМАЦИЯ И ТОРГОВЛЯ 16
ПОЛИТИЧЕСКИЕ ВЗНОСЫ/МЕРОПРИЯТИЯ И
БЛАГОТВОРИТЕЛЬНЫЕ ВЗНОСЫ 17
РАССЛЕДОВАНИЯ, ПРОВОДИМЫЕ
ГОСУДАРСТВЕННЫМИ ОРГАНАМИ, И ЗАПРОСЫ 17
Добросовестность в нашем
бизнесе
ЧЕСТНАЯ ДЕЛОВАЯ ПРАКТИКА 19
ВЗЯТКИ И ОТКАТЫ 19
АГЕНТЫ И КОНСУЛЬТАНТЫ 19
КОНКУРЕНЦИЯ 20
ПОДАРКИ И ЗНАКИ ГОСТЕПРИИМСТВА 20
КОНФЛИКТ ИНТЕРЕСОВ 21
ЗЛОУПОТРЕБЛЕНИЕ СЛУЖЕБНЫМ
ПОЛОЖЕНИЕМ 22
МЕЖДУНАРОДНАЯ ТОРГОВЛЯ 22
Корпоративная социальная
ответственность
УСТОЙЧИВОЕ РАЗВИТИЕ 24
БЕЗОПАСНОСТЬ, ЗДОРОВЬЕ И ОКРУЖАЮЩАЯ
СРЕДА 24
БЕЗОПАСНОСТЬ ПРОДУКЦИИ И УСЛУГ 25
УВАЖЕНИЕ ПРАВ ЧЕЛОВЕКА 25
СОВМЕСТНОЕ ОБЯЗАТЕЛЬСТВО 25
Ресурсы и контактная
информация 26
1
Оглавление
ОБРАЩЕНИЕ ГЕНЕРАЛЬНОГО ДИРЕКТОРА
Уважаемые сотрудники компании Avient!
Наша личная добросовестность является
основой репутации компании Avient, а добросовестность создает доверие.
19
Оглавление
ЧЕСТНАЯ ДЕЛОВАЯ ПРАКТИКА
Мы продаем наши продукты и услуги, оценивая их
по достоинству.
Поммерлох, Люксем-
бург
19 Route de Bastogne
Pommerloch, Luxembourg,
L-9638
Телефон: +352 269 050 35
Факс: +352 269 050 45
www.avient.com
http://www.avient.com
ОБРАЩЕНИЕ ГЕНЕРАЛЬНОГО ДИРЕКТОРА
Наше видение и стратегия
Основополагающие и личностные ценности
Наш кодекс поведения
РУКОВОДЯЩИЕ ПРИНЦИПЫ ДЛЯ ЭТИЧНОГО ПОВЕДЕНИЯ
ЛИЧНОСТНЫЕ ЦЕННОСТИ
РЕШЕНИЕ ВОПРОСОВ И СООБЩЕНИЯ О СИТУАЦИЯХ, КОГДА ПРОИСХОДЯТ НАРУШЕНИЯ НОРМАТИВНО-ПРАВОВОГО СООТВЕТСТВИЯ
ГОРЯЧАЯ ЛИНИЯ ПО ВОПРОСАМ ЭТИКИ
ЗАПРЕТ МЕР ВОЗМЕЗДИЯ
ПРИМЕНЕНИЕ КОДЕКСА ПОВЕДЕНИЯ
НАРУШЕНИЯ КОДЕКСА
Уважение ко всем
РАЗНООБРАЗИЕ И ВКЛЮЧЕНИЕ СОТРУДНИКОВ В ПРОЦЕСС ОБСУЖДЕНИЯ ПРОБЛЕМ
ДИСКРИМИНАЦИЯ ИЛИ ПРИТЕСНЕНИЯ
ОТНОШЕНИЯ НА РАБОЧЕМ МЕСТЕ
ЗЛОУПОТРЕБЛЕНИЕ АЛКОГОЛЕМ И НАРКОТИКАМИ
ФИЗИЧЕСКАЯ БЕЗОПАСНОСТЬ И НАСИЛИЕ НА РАБОЧЕМ МЕСТЕ
Честность на рабочем месте
ТОЧНАЯ ИНФОРМАЦИЯ, ДАННЫЕ И ДОКУМЕНТАЦИЯ
ДОБРОСОВЕСТНОСТЬ БУХГАЛТЕРСКОГО УЧЕТА
РАССЛЕДОВАНИЯ, ПРОВОДИМЫЕ ГОСУДАРСТВЕННЫМИ ОРГАНАМИ, И ЗАПРОСЫ
ПОЛИТИЧЕСКИЕ ВЗНОСЫ/МЕРОПРИЯТИЯ И БЛАГОТВОРИТЕЛЬНЫЕ ВЗНОСЫ
ИНСАЙДЕРСКАЯ ИНФОРМАЦИЯ И ТОРГОВЛЯ
КОМПЬЮТЕРНАЯ БЕЗОПАСНОСТЬ, ЛИЦЕНЗИРОВАНИЕ ПРОГРАММНОГО ОБЕСПЕЧЕНИЯ И АВТОРСКИЕ ПРАВА
СОЦИАЛЬНЫЕ МЕДИА И СОЦИАЛЬНЫЕ СЕТИ
КОНФИДЕНЦИАЛЬНОСТЬ, ЛИЧНАЯ ИНФОРМАЦИЯ И ЗАЩИТА ДАННЫХ
ЛИЧНАЯ И КОНФИДЕНЦИАЛЬНАЯ ИНФОРМАЦИЯ, ИДЕИ И ИНТЕЛЛЕКТУАЛЬНАЯ СОБСТВЕННОСТЬ
ЗАЩИТА АКТИВОВ И ИХ ИСПОЛЬЗОВАНИЕ
КОММУНИКАЦИИ КОМПАНИИ
ИСПОЛЬЗОВАНИЕ ИНТЕРНЕТА И ЭЛЕКТРОННОЙ ПОЧТЫ
Добросовестность в нашем бизнесе
ЧЕСТНАЯ ДЕЛОВАЯ ПРАКТИКА
ВЗЯТКИ И ОТКАТЫ
АГЕНТЫ И КОНСУЛЬТАНТЫ
КОНКУРЕНЦИЯ
ПОДАРКИ И ЗНАКИ ГОСТЕПРИИМСТВА
КОНФЛИКТ ИНТЕРЕСОВ
ЗЛОУПОТРЕБЛЕНИЕ СЛУЖЕБНЫМ ПОЛОЖЕНИЕМ
МЕЖДУНАРОДНАЯ ТОРГОВЛЯ
Корпоративная социальная ответственность
УСТОЙЧИВОЕ РАЗВИТИЕ
БЕЗОПАСНОСТЬ, ЗДОРОВЬЕ И ОКРУЖАЮЩАЯ СРЕДА
БЕЗОПАСНОСТЬ ПРОДУКЦИИ И УСЛУГ
УВАЖЕНИЕ ПРАВ ЧЕЛОВЕКА
СОВМЕСТНОЕ ОБЯЗАТЕЛЬСТВО
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Arabic.pdf
مدونة قواعد السلوك الخاصة بنا
2023
جدول المحتويات
1 رسالة من املدير التنفيذي
2 رؤيتنا واسرتاتيجيتنا
2 القيم األساسية والشخصية
مدونة قواعد سلوكنا
4 املبادئ التوجيهية للسلوك األخالقي
4 القيم الشخصية
6 حل املسائل واإلبالغ عن حاالت عدم االمتثال
6 الخط الساخن لألخالقيات
6 عدم االنتقام
6 تطبيق مدونة قواعد السلوك
6 مخالفات مدونة قواعد السلوك
االحترام للجميع
8 التنوع والدمج
8 التمييز أو املضايقات
8 العالقات يف مكان العمل
9 إدمان املخدرات
9 األمان املادي والعنف يف مكان العمل
األمانة في العمل
11 املعلومات، والبيانات، والسجالت الدقيقة
11 نزاهة املحاسبة
13 اتصاالت الرشكة
13 حامية األصول واستخدامها
13 حقوق امللكية ورسية املعلومات، واألفكار وامللكية الفكرية
13 حامية الخصوصية، واملعلومات الشخصية، والبيانات
14 استخدام شبكة اإلنرتنت والربيد اإللكرتوين
14 وسائل التواصل االجتامعي والشبكات االجتامعية
14 املعلومات الداخلية والتداول
15 املساهامت واألنشطة السياسية/واملساهامت الخريية
15 التحقيقات واالستفسارات الحكومية
النزاهة في عملنا
17 التعامل العادل
17 الرشاوى والعموالت
18 الوكالء واملستشارون
18 املنافسة
18 الهدايا واالستضافة
19 تضارب املصالح
19 تعامل ذايت تتنافر فيه املصلحة والواجب
19 التجارة الدولية
المسؤولية االجتماعية بالشركة
21 االستدامة
21 السالمة، والصحة، والبيئة
21 سالمة املنتج والخدمة
21 احرتام حقوق اإلنسان
22 التزام مشرتك
23 موارد ومعلومات االتصال
1
جدول املحتويات
رسالة من المدير التنفيذي
،Avient السادة موظفي
نظرًا ألننا جزء من رشكة عاملية متنامية، فإننا نواجه مواقف صعبة وعمليات صنع قرار معّقدة.
عالوًة عىل ذلك، ال تُقّدم أو تقبل هذه األشياء
إذا كان القيام بذلك غري مرشوعة قانونيًا أو إذا كان شأن القيام بذلك أن يخرتق
عمًدا املبادئ الخاصة برب عمل الطرف اآلخر.
19
جدول املحتويات
ميكن استخدام املرشوبات الكحولية يف إطار الرتفيه عن العمالء أو خالل األنشطة
االجتامعية األخرى.
تايقالخألل نخاسلا طخلا
https://www.Avient.com/company/policies-and-governance/ethics-hotline
:تايقالخألل نخاسلا طخلا فتاه مقر
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
أمريكا الشمالية
المقر العالمي آفون ليك، الواليات المتحدة
األمريكية
ووكر رود آفون ليك، أوهايو ، الواليات 33587
المتحدة 44012
الخط المجاني: 9663 765 866 1+
الهاتف: 1000 930 440 1+
الفاكس:3064 930 440 1+
آسيا والمحيط الهادئ
المقر اإلقليمي بشنغهاي الصين
ف، بلوك سي 200 جينسو رود بودونغ، 2،201206
شنغهاي، الصين
الهاتف: 4888 6028 21 )0( 86+
الفاكس: 4999 6028 21 )0( 86+
أمريكا الجنوبية
المقر اإلقليمي ساو باولو ، البرازيل جادة
فرانسيسكو ناكاساتو، 1700
إتوبيفا، ساو باولو، البرازيل 000- 13295
الهاتف: 9200 4593 11 55+
أوروبا
المقر اإلقليمي بومرلوتش، لوكسمبورغ
،طريق باستون بومرلوتش، لوكسمبورغ 19
L-9638
الهاتف: 35 050 269 352+
الفاكس: 45 050 269 352+
www.avient.com
http://www.avient.com
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
Learn more
http://www.avient.com/tpeknowledgecenter
http://www.avient.com
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https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520Mar19.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
M A R C H 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E
2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N
Transportation
17%
Industrial
15%
Consumer
12%
Packaging
11%
Wire & Cable
10%
Appliance
5%
United States
57%
Europe
16%
Asia
10%
Latin
America
10%
Canada
7%
Distribution
35%
Performance Products &
Solutions 19%
Specialty
Engineered
Materials
17%
Color
Additives &
Inks 29%
Segment End Market Geography
Building &
Construction
11%
Electrical &
Electronics
6%
Healthcare
13%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 15.1%
Specialty Engineered
Materials
1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
A D J U S T E D E P S E X P A N S I O N
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 8
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
Double digit
annual EPS
growth
strategic acquisitions
Innovate
600K-1M
commercial
resources 5-7%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
710
130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
110% increase in leads (from 6,000 to 12,700) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 12
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
11
4
4
3
2
28 0
5
10
7
2
5
5
Breakthrough
Platform
Derivative
F L A M E
R E T A R D A N T
P O L Y M E R S
A D V A N C E D
C O M P O S I T E S
B A R R I E R
M A T E R I A L S
C O L O R A N T
T E C H N O L O G I E S
T H E R M O P L A S T I C
E L A S T O M E R S
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
S T R A T E G I C I N V E S T M E N T H I S T O R Y
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation
2019
18
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 19
W A T E R C R A F TR A I L H E A V Y T R U C K
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
$100M
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Customer
Value
Fiber-Line
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
•
•
•
•
•
•
•
•
•
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
10x
8x
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
https://www.avient.com/sites/default/files/2022-07/Avient Announces Second Quarter 2022 Results_1.pdf
Results driven by better than expected
results in the Americas, more than offsetting extended COVID-19 lockdowns in Shanghai
• Third quarter adjusted EPS guidance of $0.80 introduced with full year adjusted EPS
guidance of $3.50 maintained (without giving effect to any adjustments for the announced
acquisition of DSM Protective Materials and potential sale of Distribution)
• Most recent Sustainability Report published, highlighting the company’s progress on ESG
initiatives focused on People, Products, Planet and Performance
CLEVELAND – July 26, 2022 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable solutions, today announced its second quarter 2022 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, 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 polymer consumption growth rates and 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; 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; any
material adverse changes in the Dyneema Business; our ability to achieve the strategic and other
objectives relating to the Dyneema Acquisition, and the possible sale of the Distribution business
segment; 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/2021-04/avnt-first-quarter-2021-news-release.pdf
We specialize in formulating sustainable solutions to meet our customers’
toughest challenges, and I am proud of how well our team has delivered throughout the COVID-
19 pandemic and recent supply chain disruptions.”
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include
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; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows; our ability to achieve the strategic and other
objectives relating to the acquisition of Clariant's Masterbatch business, including any expected
synergies; changes in polymer consumption growth rates and 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; an inability to
achieve the anticipated financial benefit from initiatives related to acquisition and integration
working capital reductions, cost reductions and employee productivity goals; our ability to pay
regular quarterly cash dividends and the amounts and timing of any future dividends; information
systems failures and cyberattacks; our ability to consummate and successfully integrate
acquisitions; and 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.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
& Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
33
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
34
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
35
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Three Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Reconciliation to Condensed Consolidated Statements of Income: $ EPS $ EPS
Net income (loss) from continuing operations attributable to Avient
shareholders $ 5.1 $ 0.06 $ (27.4) $ (0.30)
Special items, after tax 32.0 0.35 68.3 0.75
Amortization expense, after-tax 15.2 0.16 $ 13.4 $ 0.14
Adjusted net income / EPS $ 52.3 $ 0.57 $ 54.3 $ 0.59
Three Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Sales - GAAP $ 753.7 $ 823.3
Pro Forma APM adjustments — 60.7
Pro forma adjusted sales $ 753.7 $ 884.0
Net income from continuing operations – GAAP $ 5.1 $ (27.8)
Income tax (benefit) expense (0.1) (1.2)
Interest expense, net 30.3 37.3
Depreciation and amortization 46.4 39.8
EBITDA from continuing operations $ 81.7 $ 48.1
Special items, before tax 43.2 82.0
Interest expense included in special items (2.2) (10.0)
Depreciation and amortization included in special items — (0.8)
Adjusted EBITDA $ 122.7 $ 119.3
Pro forma APM adjustments — 17.2
Pro forma adjusted EBITDA $ 122.7 $ 136.5
Pro forma adjusted EBITDA as a % of sales 16.3 % 15.4 %
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense, net 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA from continuing operations $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
Adjusted EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation to EBITDA and Adjusted EBITDA:
Three Months Ended
December 31, 2022
Net loss from continuing operations – GAAP $ (16.6)
Income tax benefit (60.8)
Interest expense, net 49.4
Depreciation and amortization 48.6
EBITDA from continuing operations $ 20.6
Special items, before tax 104.3
Interest expense included in special items (16.0)
Depreciation and amortization included in special items (1.5)
Adjusted EBITDA $ 107.4
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months Ended
December 31, 2022
Net loss from continuing operations attributable to Avient
shareholders $ (17.0)
Special items, after tax 38.3
Amortization expense, after-tax 14.6
Adjusted net income from continuing operations excluding special
items 35.9
Pro forma adjustments* 2.5
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4
Weighted average diluted shares 91.7
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
AVNT January IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
What we do: We are a formulator
Slide Number 7
Avient protective materials �First Year
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Slide Number 25
Avient is asset light
Free cash flow conversion
Multiple expansion
Slide Number 29
Slide Number 30
Slide Number 31
2022 pro forma segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 35
IR Deck - AVNT-2023.09.30 Non GAAP Recs.pdf
Attachment
https://www.avient.com/sites/default/files/2024-12/AVNT Investor Day 2024 Presentation.pdf
$3.1B 9,000+
80+ 100+
2011
36%
64%
2023 sales
by business segment
Specialty
Engineered
Materials
SEM
Color,
Additives
& Inks
CAI
2023 sales by end market
41%
36%
18%
5%
2023 sales
by region
US,
Canada
LATAM
Asia
EMEA
PACKAGING
23%
CONSUMER
19%
INDUSTRIAL
16%
TRANSPORTATION
10%
BUILDING & CONSTRUCTION
9%
HEALTHCARE
7%
DEFENSE
7%
ENERGY
5%
TELECOM
4%
Copyright © .
All Rights Reserved
2024 19
Digital
digital tools,
data-driven insights
artificial intelligence
Higher run-rates, improved
yields, reduced downtime and
wastage
Manufacturing
execution
system
EXPECTED BENEFITS
Reduction in time-to-market,
use of alternative formulations
to mitigate risks from resin
shortage
Color
design
EXPECTED BENEFITS
Faster generation/repurposing
of content, enhanced search
engine optimization leading to
more engagement
Marketing
content
EXPECTED BENEFITS
Copyright © .