https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
AVIENT CORPORATION
S E C O N D Q U A R T E R 2 0 2 3 R E S U L T S
(NYSE: AVNT)
J U LY 2 7 , 2 0 2 3
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
COMPOSITES PORTFOLIO
D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D P A N E L S
T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
4
DEFENSE TELECOMMUNICATIONS ENERGY TRANSPORTATION
Military • Law Enforcement
First Responders
Body Armor • Helmets
Vehicle Protection
Sustainable Infrastructure
Offshore Wind
Electrical Grid Protection
EV Battery Components
Commercial Laminates
Body & Trim • Air Cargo and
Railroad Car Panels
5G Applications
Fiber Optic Cables
Satellite Communications
Connectors and
Components
5
COMPOSITES SERVE DIVERSIFIED
END MARKETS
INDUSTRIAL
Lifting Slings • Aquaculture
High Pressure Pipe
Conveyer Springs
Q 2 P ER FO RM A N CE
Q2 2023 PERFORMANCE VS.
GUIDANCE
8
15.4%
15.9%
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Favorable mix - strong
demand for composite
applications
• Raw material deflation
Q2 EBITDA BRIDGE
9
($ millions)
CAI:
Price / Mix 7)
Deflation 11)
SEM:
Price / Mix 2)
Deflation 6)
Net Price Benefit 26)
Wage and Energy Inflation (10)
Cost Reductions 13)
FX (2)
Q2 2023 Actual $131)
Adjusted
EBITDA
Q2 2022 Pro Forma $ 172)
Demand (68) • Demand conditions vs.
expectations:
LATAM
• Net price benefit remains greater
than wage and energy inflation
• Clariant synergies and reduced
administrative costs
Q2 2023 SEQUENTIAL SALES BY REGION
Q 2 2 0 2 3 v s .
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient corporation first quarter 2024 results and 2024 financial guidance
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
M AY 7 , 2 0 2 4
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
O P E N I N G RE MARK S
4
REGIONAL DEMAND TRENDS-TOTAL COMPANY
Q 1 S A L E S V S P Y ( E X C L U D I N G F X )
4
+2%
-6%
Flat
+2%
Avient ex.
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLORS, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
7
- 4%
17.0%
+180 bps
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$310
$314
$64
$73
23.2%
(in millions) (in millions)
+ 14%
8
+ 1%
20.8%
+240 bps
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
(TOTAL COMPANY)
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2024 G U I DAN CE
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
CE O “ TO P O F MI N D”
FO CU S ARE AS
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P E N DI X
16
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
19
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
20
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
21
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2022-09/Avient Pro Forma Financial Information.pdf
AVIENT CORPORATION
P R O F O R M A F I N A N C I A L S F O R D Y N E E M A
A C Q U I S I T I O N A N D D I S T R I B U T I O N A S
D I S C O N T I N U E D O P E R A T I O N S
(NYSE: AVNT)
S E P T E M B E R 2 7 , 2 0 2 2
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Additionally, Adjusted EPS excludes the impact of special
items and amortization expense associated with intangible assets.
2
PRO FORMA 2021 TO 2022 BRIDGE
3
2021 EPS from Continuing Operations 1.69$
Pro Forma & Special Items 1.33
Proforma 2021 Adjusted EPS 3.02$
FX Impact (0.22)
China Lockdowns / Russia Import Sales (0.24)
Outdoor High Performance (0.13)
Dyneema 0.06
Color, Additives and Inks 0.38
Legacy Specialty Engineered Materials 0.22
Other 0.01
Proforma 2022 Adjusted EPS 3.10$
COLOR, ADDITIVES AND INKS
7% (4%) (9%)
6% (10%)
0% 1%
2%
7%
10% 4% (3%)
12% (6%)
5% 6%
9%
610 650 624 649 587 565 581 526
2,402 2,390
589 650 589 649 543 565 545 526
2,266 2,390
116 121 112 119 93 95 88 79
409 414
113 121 106 119 87 95 84 79
390 414
10%
4
(1%)
PRO FORMA SPECIALTY ENGINEERED MATERIALS
16%8% (8%) (8%) 3% (6%) (6%)
(2%) 2%
20%12% (1%) (2%) 5% (1%) (2%)
3% 6%
314 338 348 343 325 300 321 295
1,308 1,276
303 338 329 343 303 300 301 295
1,236 1,276
67 78 75 77 70 66 66 62
278 283
65 78 73 77 67 66 63 62
268 283
5
Constant Currency Adjusted EPS
Adjusted EPS
PRO FORMA AVIENT
10% (3%) (21%)
3%
9% 5%
7% (5%) (9%)
(1%)
(1%) (12%)
1%
17% 8% (14%)
11%
14% 10%
11% 2% (3%)
5%
8% (5%)
7%
925 987 973 992 912 867 902 823
3,712 3,669
893 987 919 992 847 867 845 823
3,504 3,669
161 176 164 172 142 141 133 117
600 606
155 176 157 172 131 141 123 117
566 6068%
2%
0.84 0.98 0.87 0.96 0.70 0.68 0.61 0.48
3.02 3.10
0.79 0.98 0.82 0.96 0.63 0.68 0.56 0.48
2.80 3.10
17%
24%
6
March 31, 2022
March 31, 2021
Net income from continuing operations $ 64.7 $ 60.4
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income from continuing operations attributable to Avient shareholders $ 64.4 $ 0.70 $ 60.0 $ 0.65
Special items, after tax $ 6.4 $ 0.07 $ 2.6 $ 0.03
APM pro forma adjustments 2.6 0.03 (3.1) (0.03)
Amortization expense, after tax 17.4 0.19 17.9 0.19
Adjusted pro forma net income / EPS $ 90.8 $ 0.98 $ 77.4 $ 0.84
Weighted average diluted shares 92.3 92.2
June 30, 2022
June 30, 2021
Net income from continuing operations $ 62.8 $ 50.2
Net income attributable to noncontrolling interests — (0.6)
Net income from continuing operations attributable to Avient shareholders $ 62.8 $ 0.68 $ 49.6 $ 0.54
Special items, after tax $ 3.2 $ 0.03 $ 11.7 $ 0.13
APM pro forma adjustments 5.2 0.06 1.4 0.02
Amortization expense, after tax 17.2 0.19 17.8 0.19
Adjusted pro forma net income / EPS $ 88.4 $ 0.96 $ 80.5 $ 0.87
Weighted average diluted shares 92.1 92.4
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS
Net income from continuing operations $ 33.4
Net income attributable to noncontrolling interests 0.3
Net income from continuing operations attributable to Avient shareholders $ 33.7 $ 0.37
Special items, after tax $ 11.7 $ 0.13
APM pro forma adjustments 1.5 0.02
Amortization expense, after tax 17.6 0.19
Adjusted pro forma net income / EPS $ 64.5 $ 0.70
Weighted average diluted shares 92.2
Adjusted EPS may not recalculate due to rounding.
1
December 31, 2021
Year Ended
December 31, 2021
Net income from continuing operations $ 11.2 $ 155.2
Net income attributable to noncontrolling interests 0.9 0.2
Net income from continuing operations attributable to Avient shareholders $ 12.1 $ 0.13 $ 155.4 $ 1.69
Special items, after tax $ 24.0 $ 0.26 $ 50.0 $ 0.54
APM pro forma adjustments 2.5 0.03 1.6 0.02
Amortization expense, after tax 17.8 0.19 71.1 0.77
Adjusted pro forma net income / EPS $ 56.4 $ 0.61 $ 278.1 $ 3.02
Weighted average diluted shares 92.4 92.1
Reconciliation of Color, Additives and Inks EBITDA
Operating
Income 88.8 86.3 66.8 61.2 303.1 94.5 93.6
Depreciation and
amortization 27.4 25.3 26.6 26.4 105.7 26.0 25.9
EBITDA $ 116.2 $ 111.6 $ 93.4 $ 87.6 $ 408.8 $ 120.5 $ 119.5
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 32.6 9.1 41.7 35.8 13.9 49.7 30.0 15.2 45.2
Depreciation and
amortization 7.8 17.5 25.3 8.1 17.3 25.4 7.9 17.1 25.0
EBITDA $ 40.4 $ 26.6 $ 67.0 $ 43.9 $ 31.2 $ 75.1 $ 37.9 $ 32.3 $ 70.2
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 27.1 11.7 38.8 125.5 49.9 175.4
Depreciation and amortization 8.0 18.9 26.9 31.8 70.8 102.6
EBITDA $ 35.1 $ 30.6 $ 65.7 $ 157.3 $ 120.7 $ 278.0
2
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 38.3 15.4 53.7 35.2 17.7 52.9
Depreciation and amortization 7.8 16.6 24.4 7.7 16.6 24.3
EBITDA $ 46.1 $ 32.0 $ 78.1 $ 42.9 $ 34.3 $ 77.2
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from
continuing operations 60.4 (3.1) 57.3 50.2 1.4 51.6 33.4 1.5 34.9
Income tax expense 16.3 1.1 17.4 13.8 1.3 15.1 2.0 2.5 4.5
Interest expense 19.3 11.1 30.4 19.5 11.2 30.7 19.0 11.2 30.2
Depreciation and
amortization 36.9 17.5 54.4 33.6 17.3 50.9 36.6 17.1 53.7
EBITDA 132.9 26.6 159.5 117.1 31.2 148.3 91.0 32.3 123.3
Special items, before
tax 2.4 — 2.4 14.2 — 14.2 19.9 — 19.9
Depreciation included
in special items (0.6) — (0.6) 1.4 — 1.4 (0.9) — (0.9)
Adjusted EBITDA $ 134.7 $ 26.6 $ 161.3 $ 132.7 $ 31.2 $ 163.9 $ 110.0 $ 32.3 $ 142.3
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 11.2 2.5 13.7 155.2 1.6 156.8
Income tax expense 16.2 (1.9) 14.3 48.3 3.7 52.0
Interest expense 17.5 11.1 28.6 75.3 44.6 119.9
Depreciation and amortization 37.9 18.9 56.8 145.0 70.8 215.8
EBITDA 82.8 30.6 113.4 423.8 120.7 544.5
Special items, before tax 20.6 — 20.6 57.1 — 57.1
Depreciation included in special items (1.6) — (1.6) (1.7) — (1.7)
Adjusted EBITDA $ 101.8 $ 30.6 $ 132.4 $ 479.2 $ 120.7 $ 599.9
3
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 64.7 2.6 67.3 62.8 5.2 68.0
Income tax expense 20.0 1.7 21.7 22.7 1.4 24.1
Interest expense 16.9 11.1 28.0 16.2 11.1 27.3
Depreciation and amortization 37.6 16.6 54.2 36.3 16.6 52.9
EBITDA 139.2 32.0 171.2 138.0 34.3 172.3
Special items, before tax 6.6 — 6.6 0.9 — 0.9
Depreciation included in special items (2.1) — (2.1) (1.1) — (1.1)
Adjusted EBITDA $ 143.7 $ 32.0 $ 175.7 $ 137.8 $ 34.3 $ 172.1
Reconciliation of Specialty Engineered Pro Forma Sales
Sales 214.7 238.9 231.7 226.3 911.6 243.1 242.3
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 313.6 $ 347.7 $ 325.5 $ 321.2 $ 1,308.0 $ 337.9 $ 342.8
Reconciliation of Avient Pro Forma Sales
Sales 826.0 864.5 818.0 807.1 3,315.6 892.2 891.0
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 924.9 $ 973.3 $ 911.8 $ 902.0 $ 3,712.0 $ 987.0 $ 991.5
4
IR Slides
V17 - 9.26 324pm IR Deck - AVNT-2022.09.27 Pre Release v2
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
IR Deck - AVNT-2024.06.30 (Earnings)
AVIENT CORPORATION
S E C O N D Q U A R T E R 2 0 2 4 R E S U L T S A N D
2 0 2 4 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
AU G U S T 6 , 2 0 2 4
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
3
Q2 2024 HIGHLIGHTS
• 5% organic sales growth supported by
broad-based growth across all regions
in both CAI and SEM segments
• Growth stemmed from gaining share,
winning new product specifications
and restocking in certain end markets
• Cost control and operational
discipline expanded EBITDA margins
by 100 bps
• EPS exceeded guidance by $0.05
and increased 21% vs the prior year
Adj.
EPS
+21%
$143 million
+9%
$143 million
+9%
Net Sales
$850 million
+3%
(+5% ex FX)
Net Sales
$850 million
+3%
(+5% ex FX)
Margin
16.9%
+100 bps
Margin
16.9%
+100 bps
Q 2 2024 R ES U LT S
Q2 2024 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2021-11/avient-eccoh-high-performance-solutions-gmbh-cr-extract-nov-8-2021.pdf
Handelsregister B des Amtsgerichts Mannheim Nummer der Firma:
Seite 1 von 2
HRB 722265
Nummer
der
Eintragung
a) Firma
b) Sitz, Niederlassung, inländische
Geschäftsanschrift, empfangsberechtigte
Person, Zweigniederlassungen
c) Gegenstand des Unternehmens
Grund- oder
Stammkapital
a) Allgemeine Vertretungsregelung
b) Vorstand, Leitungsorgan, geschäftsführende
Direktoren, persönlich haftende Gesellschafter,
Geschäftsführer, Vertretungsberechtigte und
besondere Vertretungsbefugnis
Prokura a) Rechtsform, Beginn, Satzung oder Gesellschaftsvertrag
b) Sonstige Rechtsverhältnisse
a) Tag der Eintragung
b) Bemerkungen
1 2 3 4 5 6 7
1 a)
PolyOne Color & Additives Germany GmbH
Gaggenau
Geschäftsanschrift:
Adolf-Dambach-Straße 2-4, 76571
Gaggenau
c)
Die Herstellung und der Vertrieb von Farb-
und Additiv Konzentraten im weitesten Sinn
des Wortes unter dem
warenzeichenrechtlich geschützten Namen
Wilson Color sowie die Vornahme aller
damit zusammenhängender Geschäfte und
ähnlicher Geschäfte.
26.000,00
EUR
Ist nur ein Geschäftsführer bestellt, vertritt er
allein.
Auf die bei Gericht eingereichten Urkunden
(Unternehmensvertrag und Zustimmungsbeschlüsse) wird
Bezug genommen.
05.06.2015
Vatter
Tag der ersten
Eintragung: 23.11.1992
2 b)
Bestellt als
Nicht mehr
18.11.2016
Abruf vom 08.11.2021 19:56
Handelsregister B des Amtsgerichts Mannheim Nummer der Firma:
Seite 2 von 2
HRB 722265
Nummer
der
Eintragung
a) Firma
b) Sitz, Niederlassung, inländische
Geschäftsanschrift, empfangsberechtigte
Person, Zweigniederlassungen
c) Gegenstand des Unternehmens
Grund- oder
Stammkapital
a) Allgemeine Vertretungsregelung
b) Vorstand, Leitungsorgan, geschäftsführende
Direktoren, persönlich haftende Gesellschafter,
Geschäftsführer, Vertretungsberechtigte und
besondere Vertretungsbefugnis
Prokura a) Rechtsform, Beginn, Satzung oder Gesellschaftsvertrag
b) Sonstige Rechtsverhältnisse
a) Tag der Eintragung
b) Bemerkungen
1 2 3 4 5 6 7
Katsers, Guy, Clervaux / Belgien, *26.06.1950
3 b)
Vertretungsbefugnis geändert bei
mit der Befugnis, im Namen der Gesellschaft mit
sich im eigenen Namen oder als Vertreter eines
Dritten Rechtsgeschäfte abzuschließen.
01.02.2017
4 b)
Bestellt als
Potoczny, Zaneta Gabriela, Mersch / Luxemburg,
*17.10.1974
mit der Befugnis, im Namen der Gesellschaft mit
sich im eigenen Namen oder als Vertreter eines
Dritten Rechtsgeschäfte abzuschließen.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
Row 1
Scope 2, location-based
We are reporting a Scope 2, location-based figure
Scope 2, market-based
We are reporting a Scope 2, market-based figure
Comment
C6.3
(C6.3) What were your organization’s gross global Scope 2 emissions in metric tons
CO2e?
Reporting year
Scope 2, location-based
134,244
Scope 2, market-based (if applicable)
85,892
Comment
C6.4
(C6.4) Are there any sources (e.g. facilities, specific GHGs, activities, geographies,
etc.) of Scope 1 and Scope 2 emissions that are within your selected reporting
boundary which are not included in your disclosure?
Other
C7.9b
(C7.9b) Are your emissions performance calculations in C7.9 and C7.9a based on a
location-based Scope 2 emissions figure or a market-based Scope 2 emissions
figure?
https://www.avient.com/sites/default/files/2024-12/IATF16949 2016 Certificate for PolyOne shenzhen-EN2024.pdf
IATF Certificate
Place and date: For the issuing office:
Katy, TX, 10 December 2024
Revision 2
DNV - Business Assurance
1400 Ravello Drive, Katy, TX, 77449-
5164, USA
Sherif Mekkawy
Management Representative
Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
ACCREDITED UNIT: DNV Business Assurance USA Inc., 1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
Page 1 of 2
MANAGEMENT SYSTEM
CERTIFICATE
Certificate no.:
273138-2018-AQ-RGC-IATF
IATF Certificate No:
0558323
Valid:
10 December 2024 – 09 December 2027
This is to certify that the management system of
Polyone - Shenzhen Co., Ltd.
ACCREDITED UNIT: DNV Business Assurance USA Inc., 1400 Ravello Drive, Katy, TX, 77449-5164, USA - TEL: +1 281-396-1000. www.dnv.com
Page 2 of 2
Appendix to Certificate
Polyone - Shenzhen Co., Ltd.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
PROXY STATEMENT 2025 | Annual Meeting of Shareholders 63
Outstanding Equity Awards at 2024 Fiscal Year-End
Option Awards Stock Awards
Grant Date
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercise-
able (1)
Equity
Incentive
Plan Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options (#)
(1)
Option
Exercise
Price
Option
Expiration
Date
Number of
Shares or
Units of
Stock that
have not
Vested (2)
Market Value
of Shares or
Units of
Stock that
have not
Vested
12/1/2023 — — — — — 108,979 4,452,882
2/22/2024 — — — — — 42,175 1,723,271
2/22/2024 — 133,300 — 39.27 2/22/2034 — —
2/14/2022 — — — — — 6,849 279,850
2/17/2023 — — — — — 8,150 333,009
2/22/2024 — — — — — 10,136 414,157
2/08/2021 27,200 — — 42.27 2/08/2031 — —
2/14/2022 — — 22,300 52.64 2/14/2032 — —
2/17/2023 8,750 8,750 8,750 42.93 2/17/2033 — —
2/22/2024 — 32,050 — 39.27 2/22/2034 — —
2/14/2022 — — — — — 4,909 200,582
2/17/2023 — — — — — 7,204 294,355
2/22/2024 — — — — — 8,038 328,433
2/14/2018 10,400 — — 41.89 2/14/2028 — —
2/10/2020 19,200 — — 31.48 2/10/2030 — —
2/08/2021 20,150 — — 42.27 2/08/2031 — —
2/14/2022 — — 16,000 52.64 2/14/2032 — —
2/17/2023 7,750 7,750 7,750 42.93 2/17/2033 — —
2/22/2024 — 25,400 — 39.27 2/22/2034 — —
A.M.
Sanders 4/29/2024 — — — — — 20,343 831,215
2/14/2022 — — — — — 4,803 196,251
2/17/2023 — — — — — 5,731 234,169
2/22/2024 — — — — — 6,553 267,756
2/11/2019 16,700 — — 31.54 2/11/2029 — —
2/10/2020 18,550 — — 31.48 2/10/2030 — —
2/08/2021 19,250 — — 42.27 2/08/2031 — —
2/14/2022 — — 15,650 52.64 2/14/2032 — —
2/17/2023 6,133 6,133 6,134 42.93 2/17/2033 — —
2/22/2024 — 20,600 — 39.27 2/22/2034 — —
M.A.
Cover Page
2.
https://www.avient.com/sites/default/files/2025-05/Advanced Composites Utility Poles Product Overview.pdf
KEY PERFORMANCE ADVANTAGES
Southern Yellow Pine1
Equivalent Wood Pole
GridCore FRP Pole2
14 in x .750 in
Length
(ft)
Load
Class3
Allowable Class
Load4 (kip)
Weight
(lb)
Deflection5
(in)
Weight
(lb)
Deflection5
(in)
40
3 1.95 1360 35
1040
12
2 2.41 1580 32 14
1 2.93 1810 30 18
H1 3.51 2050 28 21
H2 4.16 2310 26 25
45
3 1.95 1630 45
1170
17
2 2.41 1880 41 21
1 2.93 2160 38 26
H1 3.51 2450 36 31
H2 4.16 2760 33 37
50
3 1.95 1910 56
1300
24
2 2.41 2210 52 30
1 2.93 2530 48 36
H1 3.51 2880 45 44
H2 4.16 3240 42 52
55
3 1.95 2210 68
1430
33
2 2.41 2550 63 40
1 2.93 2930 58 49
H1 3.51 3320 54 59
H2 4.16 3740 51 70
60
3 1.95 2520 82
1560
43
2 2.41 2910 76 53
1 2.93 3340 70 65
H1 3.51 3790 65 78
H2 4.16 4270 61 92
65
3 1.95 2840 97
1690
56
2 2.41 3290 90 69
1 2.93 3770 83 84
H1 3.51 4280 77 100
H2 4.16 4820 72 119
70
3 1.95 3180 114
1820
71
2 2.41 3690 105 87
1 2.93 4220 97 106
H1 3.51 4790 90 127
H2 4.16 5390 85 150
POLE SELECTION GUIDE
1 Wood properties data are per ANSI O5.1-2022 Table 1.
For other species shown in the table above, contact Avient for suggestions.
2 FRP pole sizes are selected based on allowable Class loads specified in NESC Table 261-1.
https://www.avient.com/sites/default/files/2024-03/Edgetek PKE High Impact Formulations Technical Bulletin.pdf
TECHNICAL
PROPERTIES(1) TEST METHOD
Edgetek™
ET8900-0011
HI UV NAT
Edgetek™
ET8900-0012
HI UV White
Edgetek™
ET8900-0013
HI UV Black
Physical
Density/Specific Gravity ASTM D792 1.13 g/cm3 1.15 g/cm3 1.13 g/cm3
Molding Shrinkage - Flow ASTM D955 1.4–2% 1.4–2% 1.4–2%
Mechanical
Tensile Strength (Yield) ASTM D638 5,900 psi 5,800 psi 5,800 psi
Tensile Modulus(2) ASTM D638 169,000 psi 161,087 psi 176,000 psi
Flexural Modulus(3) ASTM D790 187,000 psi 190,985 psi 188,000 psi
Impact
Notched Izod Impact
73°F (23°C), 0.125 in ASTM D256A 17.3 ft-lb/in 16.5 ft-lb/in 16.5 ft-lb/in
Notched Izod Impact
-22°F (-30°C), 0.125 in ASTM D256A 3.2 ft-lb/in 3.0 ft-lb/in 3.3 ft-lb/in
Thermal (HDT)
66 psi (0.45 MPa), 0.125 in ASTM D648 121°C 135°C 129°C
NORTH AMERICA GRADES
(1) Data based on single lot of lab generated samples.
Values are not to be construed as specifications.
(2) 2.0 in/min
(3) 0.5 in/min