https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
14
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
17
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 18
SUSTAINABILITY
INVESTOR DAY
18
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
19
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
20
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
21
A P P E N D I X
24
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & 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%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
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
27
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
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 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
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
28
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
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
B Y E N D M A R K E T
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%
29
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
3
2
3
3
4 4
3
3
5 5
5
6
7
9
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2024-12/AVNT Investor Day 2024 Presentation.pdf
Free cash flow use
2020– 2024 est.
30%
37%
6%
27%
Debt
paydown
Dividend
payments
Share
buybacks
M&A,
other
15%
CA
GR
Copyright © .
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
It is better to
fill out the part at slower speeds in-order to let
any compressed air escape, and to get the best
surface finish on the part.3
• Using all of the previous settings, record the
Transfer Pressure, Fill Time, and Injection
speed
• Reduce the injection velocity by 10% and
record the same values
• Keep reducing the injection velocity until a
fill time of 10-15 seconds is reached
Transfer
Pressure
(psi)
Fill
Time
(sec)
Injection
Velocity
(in/sec)
Relative
Shear Rate
Relative
Viscosity
1238 0 .20 8 .00 5 .00 247 .60
1125 0 .22 7 .00 4 .55 247 .50
1058 0 .25 6 .00 4 .00 264 .50
960 0 .35 5 .00 2 .86 336 .12
870 0 .45 4 .00 2 .22 391 .65
780 0 .58 3 .00 1 .72 452 .59
690 0 .85 2 .00 1 .18 586 .78
600 1 .35 1 .00 0 .74 810 .45
510 2 .50 0 .75 0 .40 1275 .83
420 5 .23 0 .50 0 .19 2198 .34
330 9 .56 0 .25 0 .10 3157 .99
240 15 .26 0 .10 0 .07 3667 .49
FIGURE 47 - Injection Speed
22 Gravi-Tech
• Calculate the Relative Viscosity for each of
the Injection Speeds using the equation
above (Transfer Pressure * Fill Time)
• Calculate the Relative Shear Rate for each
of the injection speeds using the equation
(1/Fill Time)
• Plot the points on a graph and find the
optimum velocity
• The optimum velocity will be where the
curve starts to level out
In figure 48 above, the optimum velocity is where
the plotted line crosses the black trend line;
therefore the optimum velocity would be about
1 .00 in/sec .
https://www.avient.com/sites/default/files/2021-11/avient-design-ergonomic-design-guide.pdf
Common regulations
• REACH SVHC, RoHS 3 (EU 2015/863),
CA Prop 65, Heavy Metals (CONEG, 94/62/EC)
and Conflict Minerals
• Substances of Concern (could include
phthalates, latex, PVC, BPA, halogens, PAH,
flame retardants)
Other market-specific regulations
• Consumer Product Safety Improvement Act of
2008 (CPSIA)
- Lead and phthalate limits for products
designed for children
• Chemicals of High Concern for Children (CHCC)
- Several US states (OR, WA, VT, ME, MN) have
lists of chemicals of concern for products
designed for children
• Global Automotive Declarable Substance List
(GADSL)
- Specifically for automotive applications
• End of Life Vehicles (ELV) Directive, 2000/53/EC
- Restrictions on certain heavy metals for .
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-turk-a4.pdf
Okamžitě po
odchodu si zapsat čas, místo a zúčastněné strany, zápis podepsat, opatřit datem a předat právnímu oddělení
společnosti Avient
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
D
o
ll
a
r
($
)
M
il
li
o
n
s
2017 2018 2019 2020 2021 2022 2023
$90
from products
introduced in
the last 5 years
37%
of sales
Revenue from Sustainable Solutions*
Vitality Index
Investment in Innovation
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
Or
ga
nic
CA
GR
Sustainable Solutions
represent 90% of the
Innovation Pipeline
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Sustainability Report | 2023 38
Advancing a Circular Economy
As the world continues to shift from operating in a linear economy to a circular economy, Avient is proud to be a
part of the solution.
And as we look to the future,
we expect our sustainable
solutions por tfolio to gain even
more impor tance among our
customers and their end users.
⅓
OVER
of Our Total
Portfolio
Represented
by Sustainable
Solutions
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
O
rg
an
ic
CA
GR
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Sustainability Report | 2023 67
The Highest Ethical Standards
At Avient, we strive to create a world-class sustainable organization, by conducting business in a way that meets the
needs of the present without compromising the ability of future generations to meet their own needs.
We promote the availability of our Hotline through a number of avenues, including our annual Code of Conduct
trainings, new-hire onboarding, Hotline posters which are displayed at all Avient locations, and ongoing associate
communications.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
D
o
ll
a
r
($
)
M
il
li
o
n
s
2017 2018 2019 2020 2021 2022 2023
$90
from products
introduced in
the last 5 years
37%
of sales
Revenue from Sustainable Solutions*
Vitality Index
Investment in Innovation
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
Or
ga
nic
CA
GR
Sustainable Solutions
represent 90% of the
Innovation Pipeline
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Sustainability Report | 2023 38
Advancing a Circular Economy
As the world continues to shift from operating in a linear economy to a circular economy, Avient is proud to be a
part of the solution.
And as we look to the future,
we expect our sustainable
solutions por tfolio to gain even
more impor tance among our
customers and their end users.
⅓
OVER
of Our Total
Portfolio
Represented
by Sustainable
Solutions
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
O
rg
an
ic
CA
GR
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Sustainability Report | 2023 67
The Highest Ethical Standards
At Avient, we strive to create a world-class sustainable organization, by conducting business in a way that meets the
needs of the present without compromising the ability of future generations to meet their own needs.
We promote the availability of our Hotline through a number of avenues, including our annual Code of Conduct
trainings, new-hire onboarding, Hotline posters which are displayed at all Avient locations, and ongoing associate
communications.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
FX)
$429
$490
2021 2022E
$3.05
$3.50
2021 2022E
FY 2022 PERFORMANCE
( T O TA L C O M PA N Y )
16
$4,819
$5,100
2021 2022E
+ 6%
(+ 8% excluding FX)
Adjusted EPS
+ 14%
(+ 17% excluding FX)
+ 15%
(+ 18% excluding FX)
(in millions) (in millions)
Sales Adjusted Operating Income
17
CAS H F LOW / L E VE RAGE
($ millions) 2022E
Cash Flow from Operating Activities 400$
Less:
Run-Rate CapEx (90)
CapEx for Clariant Integration (10)
CapEx for IT System Upgrade (15)
Total CapEx (115)
Free Cash Flow 285$
Adjusted EBITDA 635$
Net Debt / Adjusted EBITDA 1.7x
D Y N E E M A A C Q U I S I T I O N
19
15x stronger than steel
Reduces weight by 30% vs. other solutions
Well-maintained global asset base poised to serve growing demand
• Purchase price of $1.48B represents 11.4x multiple of
2022 EBITDA
• Acquisition will expand Avient’s composites and fiber
portfolio with Dyneema®, the World’s Strongest Fiber™
• $415M sales and 30%+ EBITDA margins; Immediately
accretive to pro forma 2022 EPS, adding $0.35
• 1,300 patents globally, ~50% of sales patent protected
• 1,000+ employees across global production network and
dedicated technology centers
• Composites platform will increase from $261M to $680M in
revenue and from $49M to $180M in EBITDA Indicates Dyneema
® location
$175M
(42%)
$65M
(16%)
$175M
(42%)
2022E Sales By Region ($M)
(1) $0.35 EPS excludes intangible amortization
(2) Based on 2022 expected results
(1) (2)
(2)
F I T W I T H F O U R P I L L A R S T R AT E G Y
20
Specialization
• Innovation-led organization with
tremendous intellectual property value in
trademarks, patents and “know-how”
• Deep history of application development
and premium, leading brand with the
World’s Strongest FiberTM
Globalization
• Global customer base with an
established presence across all major
geographic regions
• Global technology centers complement
existing Composites applications and
expertise
Operational
Excellence
• Best-in-class safety performance
• Well-run and maintained asset base fit to
serve future growth
• Highly effective and reliable supply chain
with emphasis on optimizing service to
customers
Commercial
Excellence
• Deep customer relationships extend
across the value chain and drive ability
to grow
• Offer a full suite of services with an active
role in design, development and
commercialization
People
Experienced and
talented associates
with a passion for
safety, specialization
and winning
DY N E E M A ® OV E RV I E W
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders Body Armor • Helmets •
Vehicle Protection
$215M
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
$130M
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
$70M
21 Figures reflect 2022 expected sales
MIFOverview Competition
Value chain &
Go-to-market
Strategy Innovation Financials
TECHNOLOGY
22
1,200 1,300
2,500
Avient Dyneema Combined
Patents
• True specialty business – the World’s Strongest Fiber™
• Deep history of application development with customers,
strongest in the industry
• The only UHMwPE (ultra-high molecular weight polyethylene)
fiber producer that is backward integrated
o Provides innovation advantage through control of all steps of the process
• Complementary with our existing reinforced film expertise
(PolyStrand) and engineered fiber presences (Fiber-Line)
WINNING PROPERTIES
Ultra high strength vs. weight Highly flexible
Floats on water Chemically inert; no smell/taste and non-toxic
High resistance to UV radiation Self-lubricating, with low friction
One-of-a-kind technology
®
FORMULATION PROCESS
23
• Like Avient, Dyneema® offers similar
core competencies around formulation
and material science
• Technology that combines polymers and
fibers to provide specialized, high
performing solutions for customers
• Design capabilities ensure that
applications are highly customized for
the specified end use
DYNEEMA ® IN THE VALUE CHAIN
24
UHMwPE
Fiber / Tapes
Military Personnel,
Law Enforcement
Heavy Marine,
Offshore Wind Energy
and Mooring,
Aquaculture
Outdoor,
Footwear, Apparel,
Inflatables
• Material Science
• Formulation
• Service
INTERMEDIATE MANUFACTURING
(CUSTOMERS) OEM / APPLICATION
DEMAND TRENDS
25
• Military spending and near-term demand for higher performing personal protection
products (like Dyneema®) expected to increase
o European NATO members annual defense spend expected to increase by up to 20%(1)
o Japan aiming to almost double defense spending over the next 5 years(2)
o Accelerated launch of next generation technology in North America
• Policy-driven demand for sustainable energy; growth in floating offshore wind
farms which require advanced, durable technology
o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations
quadrupling over the next five years(3)
• Continued investment in aquaculture as a sustainable food source(4)
• Strong demand in outdoor high performance space across niche consumer
applications aligns with 10% growth assumption for Avient’s Composites portfolio
Sources:
(1) “Funding NATO”, NATO.int (April 1, 2022)
(2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022)
(3) “Global Wind Report 2021”, Global Wind Energy Council
(4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries
26
A L I G N M E N T W I T H
S U S T A I N A B I L I T Y G O A L S
P RO D U C T S
AVIE NT ’S E XIS T ING COM P OS IT E S P ORT F OL IO
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
27
AV I E N T ’ S C O M P O S I T E S P O RT F O L I O
S A L E S A N D E B I T DA
28
$74 $84
$216 $212
$261
$5 $10
$32
$41
$49
$180
0
50
100
150
200
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
2017 2018 2019 2020 2021 2022E
$680
($ in millions)
• Dyneema® acquisition will further
improve Composites EBITDA margins
to 26%
• Dyneema® will complement our
existing portfolio with deep formulation
expertise, innovative culture and
global commercial presence
• Composites will continue to be a key
growth driver to deliver future revenue
growth in excess of GDP
(1) Pro forma for the acquisition of Dyneema®
(1)
D I S T R I BU T I O N D I V E S T I T U R E
C O N S I D E R AT I O N S
D I S T R I BU T I O N H I G H L I G H T S
30
$21
$57
$69
$94
$105
0
50
100
150
2006 2011 2016 2021 2022E
• Leading North American Distribution business with
longstanding blue-chip supplier and customer
relationships
• Commercial excellence and regulatory knowledge have
grown healthcare portfolio to over 25% of sales and
positioned business for long-term growth
• Highly specialized portfolio of engineered polymers along
with sustainable solution offerings
• Leading digital capabilities through Avient Now, allowing
enhanced visibility and 24/7 interface with customers
• 98% free cash flow conversion drives greater than 30%
after-tax return on invested capital (ROIC)
• Potential divestiture allows us to remain modestly
leveraged with net debt to adjusted EBITDA expected to
be 2.9x and positions us for further specialty growth in the
future
EBITDA (in $M)
DY N E E M A ® T R A N S AC T I O N OV E RV I E W
31
- $1.48B net purchase price
- Represents 11.4x expected 2022 EBITDA
- Committed financing in place
- Permanent financing to be combination of available cash on-hand, new
Senior Unsecured Notes, new Senior Secured Term Loan
- Potential proceeds from Distribution divestment could be used to pay down
near-term maturing debt
- Closing expected in second half of 2022, subject to regulatory
approvals and certain customary closing conditions
Transaction
Value
Financing
Closing
Conditions /
Timing
C A P I TA L S T RU C T U R E / L E V E R AG E
32
• Financing commitments secured from Morgan Stanley
and J.P.
https://www.avient.com/sites/default/files/2024-05/Responsible Care_14001 Global Cert_Avient_2024.pdf
Dominic Townsend, President
Effective Date: 22 March 2024
Expiration Date: 28 February 2025
Revision Date: 22 March 2024
Avient Corporation - Lehigh Valley, PA
2513 Highland Avenue
Bethlehem, PA 18020
U.S.A.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
D
o
ll
a
r
($
)
M
il
li
o
n
s
2017 2018 2019 2020 2021 2022 2023
$90
from products
introduced in
the last 5 years
37%
of sales
Revenue from Sustainable Solutions*
Vitality Index
Investment in Innovation
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
Or
ga
nic
CA
GR
Sustainable Solutions
represent 90% of the
Innovation Pipeline
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Sustainability Report | 2023 38
Advancing a Circular Economy
As the world continues to shift from operating in a linear economy to a circular economy, Avient is proud to be a
part of the solution.
And as we look to the future,
we expect our sustainable
solutions por tfolio to gain even
more impor tance among our
customers and their end users.
⅓
OVER
of Our Total
Portfolio
Represented
by Sustainable
Solutions
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8%
O
rg
an
ic
CA
GR
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Sustainability Report | 2023 67
The Highest Ethical Standards
At Avient, we strive to create a world-class sustainable organization, by conducting business in a way that meets the
needs of the present without compromising the ability of future generations to meet their own needs.
We promote the availability of our Hotline through a number of avenues, including our annual Code of Conduct
trainings, new-hire onboarding, Hotline posters which are displayed at all Avient locations, and ongoing associate
communications.