https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
SEGMENT HIGHLIGHTS
Packaging
37%
Consumer
22%
Healthcare
8%
Industrial
14%
Building &
Construction
8%
Transportation
6%
Wire & Cable
3%
Electrical &
Electronics
2%
C O L O R , A D D I T I V E S & I N K S
2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N
$9
$320
2005 2020PF
2.0%
15.9%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
US & Canada
32%
Europe
39%
Asia
23%
Latin America
6%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
24
$5
$120
2005 2020E
US & Canada
59%
Europe
23%
Asia
18%
Consumer
23%
Healthcare
10%
Packaging
6%
Wire & Cable(1)
25%
Electrical &
Electronics
14%
Industrial
10%
Transportation
10%
Building &
Construction
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 0 E R E V E N U E | $ 7 0 0 M I L L I O N
0.9%
17.1%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
25
(1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling
Healthcare
30%
Consumer
24%Packaging
3%
Industrial
19%
Transportation
15%
Electrical &
Electronics
4%
Building &
Construction
4%
Wire & Cable
1%
US & Canada
79%
Asia
2%
Latin
America
19%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
D I S T R I B U T I O N
2 0 2 0 E R E V E N U E | $ 1 . 1 B I L L I O N
$20
$70
2005 2020E
2.9%
6.3%
K E Y S U P P L I E R S
26
AMERICAS EUROPE ASIA
Consumer
26%
Healthcare
19%
Packaging
13%
Industrial
16%
Wire & Cable
7%
Building &
Construction
5%
Electrical &
Electronics
4%
Packaging
35%
Consumer
14%Healthcare
6%
Industrial
17%
Wire & Cable
10%
Building &
Construction
8%
Electrical &
Electronics
3%
Packaging
32%
Consumer
26%
Healthcare
12%
Industrial
7%
Wire & Cable
6%
Building &
Construction
4%
Electrical &
Electronics
9%
Transportation
10%
Transportation
7%
Transportation
4%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
(58% of sales) (25% of sales) (17% of sales)
27
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
Proud
The clear momentum an
internally is underpinnin
and Performance.
74424.indd main_5 3/16/20 12:25 PM
Annual Report | 2019 6
P R O D U C T S
4424_NARc5.indd main_6 3/17/20 12:52 PM
7 Annual Report | 20197 Annual RepRe ort | 2012 9
0%
20%
40%
60%
80%
100%
2005 2010 2015 2019 PF**
$14M $117M $273M $500M
Over 85% of Adjusted EBITDA from Specialty
%
o
f
A
d
ju
s
t
e
d
E
B
IT
D
A
*
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
**2019E Pro Forma for the acquisition of Clariant’s Masterbatch business with synergies of $60M and
the divestiture of our PP&S segment using 2018 financial information
Specialty EBITDA
Distribution
$14M
87%
66%
46%
7%
S
ince 2006 when we began our transformation
to become a specialty company, we have been
refining our portfolio of solutions and services
to best serve our customers.
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
Our
performance on conventional air emissions is provided in the graphs you see below.
1.91
Total Water Withdrawal
Intensity (m3/MT Production)
20%
REDUCTION
SINCE 2016
0
.015
.030
.045
.060
.075
0
.015
.030
.045
.060
.075
0
5
10
15
20
25
30
35
0
7
14
21
28
35
0.00 0.25 0.50 0.750 .25 .50 .75
Top Four Hazardous Air Pollutants (HAPs) in MT
2016
2017
2018
2019
Emissions of SOx (MT) Emissions of NOx (MT) Emissions of VOCs (MT) Emissions of Particulate
Matter (MT)
2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 66
Waste: Preventing, Minimizing,
Eliminating
Avient is committed to eliminating or reducing waste generated by our operations and
enabling our customers to meet their waste minimization goals.
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.
Challenge Accepted.
2019 Sustainability Report
http://www.avient.com
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Collaboration
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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Back Arrow Button 4:
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
Our
performance on conventional air emissions is provided in the graphs you see below.
1.91
Total Water Withdrawal
Intensity (m3/MT Production)
20%
REDUCTION
SINCE 2016
0
.015
.030
.045
.060
.075
0
.015
.030
.045
.060
.075
0
5
10
15
20
25
30
35
0
7
14
21
28
35
0.00 0.25 0.50 0.750 .25 .50 .75
Top Four Hazardous Air Pollutants (HAPs) in MT
2016
2017
2018
2019
Emissions of SOx (MT) Emissions of NOx (MT) Emissions of VOCs (MT) Emissions of Particulate
Matter (MT)
2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 66
Waste: Preventing, Minimizing,
Eliminating
Avient is committed to eliminating or reducing waste generated by our operations and
enabling our customers to meet their waste minimization goals.
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.
Challenge Accepted.
2019 Sustainability Report
http://www.avient.com
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Collaboration
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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Back Arrow Button 4:
https://www.avient.com/industries/consumer/consumer-discretionary/home-household/housewares-accessories
Custom PA grade provides thermal and electrical conductivity for headlamp LED heat shield component
Custom PA grade provides thermal and electrical conductivity for LED heat sink
https://www.avient.com/sites/default/files/2024-05/Responsible Care_14001 Global Cert_Avient_2024.pdf
Dominic Townsend, President
Effective Date: 22 March 2024
Expiration Date: 28 February 2025
Revision Date: 22 March 2024
Avient Corporation - Lehigh Valley, PA
2513 Highland Avenue
Bethlehem, PA 18020
U.S.A.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
Flow Length, inches (cm)
Series Injection Velocity, 3 in/s (8 cm/s) Injection velocity, 5 in/s (13 cm/s)
DynaflexTM D 13-15 (33-38) 18-20 (46-51)
DynaflexTM G 12-22 (30-56) 18-30 (46-70)
VersaflexTM 9-16 (23-41) 13-26 (33-66)
VersalloyTM 18-20 (46-51) 30-32 (76-81)
VersollanTM 12-17 (30-43) 19-22 (48-56)
*Spiral flow tests performed using a 0.0625" (1.6 mm) thick, 0.375" (9.5 mm) wide channel at 400˚F (204˚C).
Flow Length, inches (cm)
Series Injection Velocity, 3 in/s (8 cm/s) Injection velocity, 5 in/s (13 cm/s)
DynaflexTM D 13-15 (33-38) 18-20 (46-51)
DynaflexTM G 12-22 (30-56) 18-30 (46-70)
VersaflexTM 9-16 (23-41) 13-26 (33-66)
VersalloyTM 18-20 (46-51) 30-32 (76-81)
VersollanTM 12-17 (30-43) 19-22 (48-56)
*Spiral flow tests performed using a 0.0625" (1.6 mm) thick, 0.375" (9.5 mm) wide channel at 400˚F (204˚C).
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Jellison 66 2015 Yes C M
Ashish K.
Khandpur, Ph.D. 56 2023 No
Sandra Beach Lin 66 2013 Yes M M
Kim Ann Mink, Ph.D. 64 2017 Yes M M
Ernest Nicolas 46 2021 Yes M M
Kerry J.
Director since: 2015
Age: 66
Current Public Company Directorships:
• None
Current Non-Public Company Directorships:
• Young Innovations, Inc.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
We launched over 30 new sustainability enabling solutions in 2023, driven by our Phased Offering
Launch & New Product Development processes, proprietary means through which we take new solution ideas from concept to commer cialization.
57
(3.6.1.9) Primary financial effect of the opportunity
Select from:
☑ Increased revenues through access to new and emerging markets
(3.6.1.10) Time horizon over which the opportunity is anticipated to have a substantive effect on the organization
Select all that apply
☑ Short-term
(3.6.1.11) Likelihood of the opportunity having an effect within the anticipated time horizon
Select from:
☑ Likely (66–100%)
(3.6.1.12) Magnitude
Select from:
☑ Medium-high
(3.6.1.14) Anticipated effect of the opportunity on the financial position, financial performance and cash flows of the
organization in the selected future time horizons
Our specialty transformation has enabled the highest margins in the company’s history.
For example, the Edgetek PKE series consists of specialty engineered polyketone (PK)
59
thermoplastics designed to offer manufacturers a high-performing, cost-competitive, and eco-conscious alternative to traditional nylons (PA66 and PA6).
5.9.1) Water-related CAPEX (+/- % change)
1405
(5.9.2) Anticipated forward trend for CAPEX (+/- % change)
126
-66
(5.9.3) Water-related OPEX (+/- % change)
0
(5.9.4) Anticipated forward trend for OPEX (+/- % change)
0
(5.9.5) Please explain
We only have data pertinent to CAPEX
[Fixed row]
(5.10) Does your organization use an internal price on environmental externalities?
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
2025 Proxy Statement
Table of Contents Page
Letter to Shareholders i
Notice of 2025 Annual Meeting of Shareholders ii
Record Date ii
Voting Matters and Vote Recommendations ii
Proxy Statement 1
Proxy Summary 1
Voting and Meeting Information 1
Attendance and Participation 1
Who is Eligible to Vote 2
Advance Voting Methods 2
Voting During the Annual Meeting 3
Questions 3
Our Purpose and Strategic Framework 4
People 4
Products 5
Planet 5
Performance 6
Our Director Nominees and Committee Membership 6
Summary of Director Nominee Skills, Experience and Background 7
Governance Highlights 8
PROPOSAL 1—Election of Twelve Director Nominees to Our Board of
Directors
10
PROPOSAL 2—Approval, on an Advisory Basis, of Named Executive Officer
Compensation
23
PROPOSAL 3—Ratification of the Appointment of Ernst & Young LLP ("EY")
as Our Independent Registered Public Accountant
25
Independent Registered Public Accountant Services and Related Fee
Arrangements
25
Report of the Audit Committee 26
Corporate Governance 28
Director Independence 28
Board Leadership Structure 29
Majority Voting for Directors 29
Board Oversight of Risk 29
Board Oversight of ESG and Sustainability Matters 30
Code of Ethics, Code of Conduct and Corporate Governance Guidelines 31
Related Person Transactions 31
Communication with the Board 32
Board and Committees 32
Board Refreshment 37
Board Tenure 37
2024 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2024 Non-Employee Director Compensation Table 39
Fully Vested Deferred Shares 40
Ownership of Avient Shares 41
Beneficial Ownership of Our Common Shares 41
Stock Ownership Guidelines for Non-Employee Directors 42
Compensation Discussion and Analysis 43
Executive Summary 43
Executive Compensation Philosophy and Objectives 45
What We Pay and Why: Elements of Compensation 47
Other Aspects of Our Compensation Programs 54
Executive Compensation 59
2024 Summary Compensation Table 59
2024 Grants of Plan-Based Awards 62
Outstanding Equity Awards at 2024 Fiscal Year-End 64
2024 Option Exercises and Stock Vested 65
2024 Non Qualified Deferred Compensation 65
Potential Payments Upon Termination or Change of Control 66
CEO Pay Ratio Disclosure 71
Pay Versus Performance Disclosure 72
Compensation Committee Interlocks and Insider Participation 76
Risk Assessment of the Compensation Programs 76
Compensation Committee Report 76
Miscellaneous Provisions 77
Appendix A 80
In this proxy statement, statements that are not reported financial results or other historical information are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
We do have management continuity agreements
EXECUTIVE COMPENSATION
PROXY STATEMENT 2025 | Annual Meeting of Shareholders 66
(“Continuity Agreements”) with each of our continuing Named Executive Officers that provide for specified
benefits upon a termination of employment following a change of control, and each of our continuing Named
Executive Officers participates in our Executive Severance Plan.