Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. In addition, operating income before the effect of special items is a component of Avient annual and long-term employee incentive plans and is used in debt covenant computations. Reconciliation to Consolidated Statements of Income 2021 2020 Sales $ 1,162.3 $ 711.5 Gross margin - GAAP 302.4 171.5 Special items in gross margin (Attachment 3) (2.2) 0.2 Adjusted Gross margin $ 300.2 $ 171.7 Adjusted Gross margin as a percent of sales 25.8 % 24.1 % Operating income - GAAP 120.4 52.8 Special items in operating income (Attachment 3) 2.4 9.7 Adjusted Operating income $ 122.8 $ 62.5 Adjusted Operating income as a percent of sales 10.6 % 8.8 % The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US GAAP figures.

LIQUID COLOR RED 483-31228-1 LIQUID COLOR BLUE 485-10128-1 LIQUID COLOR BLUE 485-10128-2

THE SOLUTION The company approached Avient with its challenge. After developing a deep understanding of the customer’s needs, Avient’s team quickly went to work formulating a custom OnCap™ Light Diffusion additive technology, then added a custom OnColor™ color to make a single Smartbatch™ masterbatch solution. Instead of purchasing pre-fabricated acrylic sheet that contained a costly diffusion additive, the Smartbatch solution enabled the customer to reduce its material costs by 50%.

At Avient Distribution, we help you solve your toughest application challenges by providing a specialized approach to the latest material, colorant and additive technologies. In addition to maintaining an effective manufacturing and supply chain operation, you’re challenged with designing products that must meet strict regulatory and quality assurance standards. AVIENT DISTRIBUTION HEALTHCARE SOLUTIONS

Avient Resources Avient Resources Polystrand™ thermoplastic composite laminate solution replaced metal and provided excellent corrosion resistance 

In 2023, Avient’s Post-Consumer Recycled (PCR) Color Prediction Service and Cesa™ Nox A4R Additives for Recycling were both featured in the Product Technology Innovation of the Year category, with the Color Prediction Service winning the overall award.    About Avient   Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint  

They are easily colorable, suitable for injection molding and overmolding onto polypropylene (PP) substrates, and available globally.  About Avient  Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint  

Maxxam™ BIO formulations are natural and are easy to color. About Avient   Light-weighting solutions that replace heavier traditional materials like metal, glass, and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint 

Avient provides these flame-retardant additives in the form of concentrates, allowing producers to combine them with color and other additives to meet performance requirements. Avient’s new flame-retardant additives are part of its comprehensive portfolio of color and additives solutions it is featuring at Fakuma 2023. Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint  

They are a natural color TPE that can be easily colored to match design specs or branding preferences. About Avient Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint