https://www.avient.com/news/polyone-celebrates-grand-opening-new-facility-india
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: changes in the economy in India; our ability to realize anticipated savings and operational benefits from the realignment of assets, including the planned closure of certain manufacturing facilities; the timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen disruptions of service or quality caused by such closings and/or production shifts; separation and severance amounts that differ from original estimates, amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from original estimates; our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired companies into our operations, retain the management teams of acquired companies and retain relationships with customers of acquired companies including without limitation Spartech Corporation; 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 financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; the speed and extent of an economic recovery, including the recovery of the housing market; our ability to achieve new business gains; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in polymer consumption growth rates where we conduct business; changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; 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 or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; an inability to maintain appropriate relations with unions and employees; our ability to continue to pay cash dividends; the amount and timing of repurchases of our common shares, if any; and other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
https://www.avient.com/sites/default/files/2024-11/reSound REC Recycled Content TPEs Selection Guide.pdf
reSound™ REC
VX2800-0001
reSound™ REC
VX2800-0001
I 65A Black
reSound™ REC
VX2800-0002
I 65A Black
reSound™ REC
VX0100-0001
AR I 80A Black
Recycled Content PIR PIR PIR PIR
Recycled Content, % 25% 25% 40% 30%
Recycled Source
Carpet Backing,
Nonwovens, Films,
Super Sacks
Carpet Backing,
Nonwovens, Films,
Super Sacks
Proprietary Blend Proprietary Blend
Hardness, Shore A 65 65 65 80
Color Natural Black Black Black
Specific Gravity 0.88 0.89 0.88 1.05
Tensile Strength, PSI 784 788 1023 1400
Elongation at Break, % 687 662 673 700
Compression Set
@ Room Temperature 29 27 30 –
OM Substrate PP PP PP PC, ABS,
Processing IM or OM IM or OM IM or OM IM or OM
Agency Rating – – – –
reSound™ REC
VX2800-9003
C 47A Natural
reSound™ REC
VX2800-9004
C 54A Natural
reSound™ REC
VX2800-0001
C 65A Black
Recycled Content PCR PCR PCR
Recycled Content, % 25% 25% 25%
Recycled Source Transportation Transportation Ocean-bound
Plastic
Hardness, Shore A 47 54 65
Color Natural Natural Black
Specific Gravity 0.94 0.95 0.89
Tensile Strength, PSI 250 311 900
Elongation at Break, % 585 581 670
Compression Set
@ Room Temperature – – 25
OM Substrate PP PP PP
Processing IM or OM IM or OM IM or OM
Agency Rating – – –
Automotive Testing* – – –
*Additional testing can be performed to confirm specific customer requirements.
https://www.avient.com/sites/default/files/2020-09/sem-stain-resistant-technical-bulletin.pdf
Using a template,
abradant circles were then traced onto the back of the fabric and cut with a pair of shears.
https://www.avient.com/sites/default/files/2021-03/packaging-solutions-for-film-sheet-product-selection-guide.pdf
PACKAGING
SOLUTIONS
Film & Sheet
SELECTION GUIDE
Anti-block BOPET application (PV back sheet, packaging film, industry film)
Sleeve application (PETG)
Anti-static Migrating anti-static system
Flame retardant Halogen free flame retardant system, transparent, UL94 VTM-0
Light stabilizer Protection for outdoor application (UV 380nm)
Protection for screen application (UV 400nm)
Matting agent Matting agent
Pinning agent Increased conductivity
O2 scavenger Content protection against oxygen
White masterbatch Blue shade white
Standard white
Black masterbatch Carbon black
Cool black system
BOPET STANDARD PRODUCT PORTFOLIO
Anti-block
Standard anti-block
Printable A/B/A PET sheet and film
High-transparent and low COF
Anti-static A/B/A film or sheet (transparency)
A/B/A film or sheet (matte)
Impact modifier Improve sheet elongation at low temperature
Chain extender IV improver, EU food and FDA approved
White masterbatch Standard white
Matting agent Surface matting agent
APET SHEET PRODUCT PORTFOLIO
Slip agent Mainly used for multilayer PE/PP film and composite film
Anti-block Pure anti-block can be used in transparent film
Contain both anti-block and slip agent for polyolefin film
Processing masterbatch Used in blowing and tape casting of PE/PP (liquid)
Anti-oxidant Protection of film from degrading while processing
Increase reclaimed ingredients in the formula
Light stabilizer
Protection of content
Low precipitation, which is especially suitable for thinner
PE products, such as film and spinning
Anti-fog Good resistance to cold and hot fog,
and suitable for thinner film
Anti-static Applicable to multilayer PE/PP film and composite film
PO SHEET PRODUCT PORTFOLIO
www.avient.com
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2022-05/Compensation Committee Charter (REV 10-2019).pdf
Develop and maintain a competitive executive compensation program in order to attract and
retain qualified executives and to provide incentives to management that reward pay for
performance in attaining the Company’s goals and objectives.
2
• Review and approve a peer group of companies to be used for marketplace trend analysis and
to assess the competitiveness of the Company’s total compensation opportunities for
executive officers
In evaluating and making recommendations regarding, or determining and approving,
executive compensation, the Committee shall consider the results of the most recent
shareholder advisory vote on executive compensation (“Say on Pay Vote”) required by
Section 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
Review and recommend to the Board for approval the frequency with which the Company
will conduct Say on Pay Votes, taking into account the results of the most recent shareholder
advisory vote on the frequency of Say on Pay Votes required by Section 14A of the
Exchange Act, and review and approve the proposals regarding the Say on Pay Vote and the
frequency of the Say on Pay Vote to be included in the Company's proxy statement.
https://www.avient.com/sites/default/files/2022-11/Cesa Fiber Tracer Concentrates Product Bulletin.pdf
This can make it difficult to trace a
garment or other type of fabric product back to the
fiber manufacturer and brand owner.
https://www.avient.com/sites/default/files/2020-10/light-diffusion-case-study.pdf
To further complicate matters, the company was under
a directive to bring lens production back to the United
States to improve manufacturing efficiency.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• The impact of the COVID-19 pandemic has on our business, results from operations, financial condition and liquidity;
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• 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;
• Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
• Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
• 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;
• Our ability to continue to pay cash dividends including at the increased rate;
• Our ability to consummate and successfully integrate acquisitions;
• An inability to raise or sustain prices for products or services;
• An ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisitions and integration, working capital reductions, cost reductions, and employee productivity goals;
• Information systems failures and cyber attacks; and
• Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
Purchase price multiple rapidly
declining on strength of business and
synergy capture
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
7
SEM
• Composites and Outdoor High
Performance applications drove
positive mix within SEM
• Clariant Masterbatch synergy
realization under way and
expected to drive further margin
expansion in 2021
• Portfolio transformation to high
growth end markets with focus on
sustainable solutions megatrend
10.1%
11.8%
EBITDA MARGIN EXPANSION
Distribution
6.3% 6.0%
15.2%
17.6%
11.1%
12.1%
14.5%
19.8%
13.5%
16.1%
6.4% 6.3%
15.2% 16.2%
Full YearQ4
(2)
(2) Total company reflects adjusted EBITDA margins
SPOTLIGHT: COMPOSITES
8
• SEM delivers a record year in 2020 – 13%
operating income growth and over 200 bps
in margin expansion year-over-year
• Prior investments in composites platform
and outdoor high performance applications
paying off, resulting in substantial growth
over the last two years
SEM
Operating
Income
(OI % of Sales)
$(0.1) $(1.0)
$2.2
$19.1
$26.8
2016 2017 2018 2019 2020
Composites
Performance
(Operating Income)
$83.7
$94.4
2019 2020
(11.2%)
(13.3%)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9 1.0
11 12 13 14 15 16 17 18 19 20
$19
$160
$338
2011 2019 2020
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
11 12 13 14 15 16 17 18 19 20 21E
FREE CASH FLOW AND CAPITAL ALLOCATION
9
Free Cash Flow Dividends Share Repurchases Deleveraging
3.5x
2.7x
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
e
r
sh
ar
e
Cash Generation
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$350MM
PAID OVER LAST 10 YEARS
~$338MM 2.7x
NET LEVERAGE
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
GREAT PLACE TO WORK!
We will deliver for our stakeholders through multiple value creation levers—many of
which are unique to Avient:
o Demand for sustainable solutions, healthcare, and composites, together with Clariant
Masterbatch revenue synergies, that will drive 2021 revenue growth of 8% and long-term growth
in excess of GDP
o Clariant Masterbatch cost synergy capture will result in significant near-term benefit
In addition, we remain committed to increasing annual dividends in line with earnings growth and
opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/resources/Proxy%2520Statement%2520for%2520Web%2520Hosting.pd_.pdf
Pay-for-Performance: 2018 Compensation Outcomes.
2018 Annual Incentive Program:
-2018 Long-Term Incentive Program:
Listening to Shareholders.
Competitive Market Pay Information.
Factor
Median Peer Group
Comparator 2017 Financials*
2018 PolyOne
Results
PolyOne Peer Group for 2018 Compensation Decisions
Review of 2018 Named Executive Officer Compensation
What We Pay and Why: Elements of Compensation
2018 Base Salary
2018 Annual Incentive.
https://www.avient.com/sites/default/files/2024-09/Compensation Committee Charter July 2024.pdf
Oversee and maintain a competitive executive officer compensation program in order to
attract and retain qualified executives and to provide incentives to executive officers that
reward pay for performance in attaining the Company’s goals and objectives
In evaluating and making recommendations regarding, or determining and approving,
executive compensation, the Committee shall consider the results of the most recent
shareholder advisory vote on executive compensation (“Say on Pay Vote”) required by
Section 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
Review and recommend to the Board for approval the frequency with which the Company
will conduct Say on Pay Votes, taking into account the results of the most recent shareholder
advisory vote on the frequency of Say on Pay Votes required by Section 14A of the
Exchange Act, and review and approve the proposals regarding the Say on Pay Vote and the
frequency of the Say on Pay Vote to be included in the Company's proxy statement.