https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Germany.pdf
Unser
Verhaltenskodex
2023
Eine Mitteilung des CEO 1
Unsere Vision und Strategie 2
Kern- und persönliche Werte 2
Unser Verhaltenskodex
Richtlinien für ethisches Verhalten 4
Persönliche Werte 4
Fragen klären und Situationen mangelnder
Compliance melden 6
Ethikhotline 6
Keine Vergeltungsmaßnahmen 6
Anwendung des Verhaltenskodex 7
Verstöße gegen den Kodex 7
Respekt für alle
Diversität und Inklusion 9
Diskriminierung oder Belästigung 9
Beziehungen am Arbeitsplatz 9
Drogenmissbrauch 10
Physische Sicherheit und Gewalt am Arbeitsplatz 10
Ehrlichkeit bei der Arbeit
Korrekte Informationen, Daten und
Aufzeichnungen 12
Integrität der Buchführung 12
Unternehmenskommunikationen 14
Schutz und Verwendung von Vermögenswerten 14
Unternehmenseigene und vertrauliche
Informationen, Ideen und geistiges Eigentum 14
Privatsphäre, Personenbezogene Daten und
Datenschutz 15
Verwendung von Internet und E-Mail 15
Soziale Medien und soziales Netzwerken 15
Computersicherheit, Softwarelizenzierung und
Urheberrechte 16
Insiderinformationen und -handel 16
Politische Spenden/Aktivitäten und gemeinnützige
Spenden 17
Ermittlungen und Anfragen der Regierung 17
Integrität in unserem Geschäft
Ehrliche Handlungsweise 19
Bestechung und Schmiergelder 19
Beauftragte und Berater 20
Wettbewerb 20
Geschenke und Bewirtung 20
Interessenkonflikte 21
Selbstkontrahierung 22
Internationaler Handel 22
Soziale Verantwortung des
Unternehmens
Nachhaltigkeit 24
Sicherheit, Gesundheit und die Umwelt 24
Produkt- und Dienstleistungssicherheit 25
Achtung der Menschenrechte 25
Eine gemeinsame Selbstverpflichtung 25
Ressourcen und
Kontaktinformationen 26
1
Eine Mitteilung des CEO
Liebe Mitarbeiter von Avient,
als Teil eines wachsenden, globalen Unternehmens stehen wir schwierigen Situationen und komplexen
Entscheidungsprozessen gegenüber.
Patterson
Vorsitzender, Präsident und CEO
„Wir wissen, dass unsere
Mitarbeiter, Kunden und
Lieferanten nicht die einzigen
Anteilseigner des Unternehmens
sind – unser Betrieb, unsere
Produkte und unsere Mitarbeiter
wirken sich auf die Länder und
Gemeinden, in denen wir tätig
sind, aber auch auf die Welt als
Ganzes aus.“
—Robert M.
Patterson
Vorsitzender, Präsident und CEO
2
Unsere Vision und Strategie
Vision
Bei Avient entwickeln wir spezialisierte und nachhaltige Materiallösungen, die Herausforderungen der Kunden in Chancen
verwandeln, indem wir neue Produkte für eine bessere Welt auf den Markt bringen.
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_final2.pdf
OUR CODE
OF CONDUCT
ISSUED OCTOBER 2024
TABLE OF
CONTENTS
Introduction:
A Message from the CEO 1
Guidelines for Ethical Behavior 3
Personal Values 3
Your Responsibilities 4
Additional Responsibilities of
Avient Supervisors and Managers 4
Resolving Questions and Reporting
Non-Compliance Situations 5
Ethics Hotline 5
Non Retaliation 6
Code of Conduct Application 6
Violations of the Code 6
Diversity and Inclusion 8
Discrimination or Harassment 8
Workplace Relationships 9
Substance Abuse 10
Physical Security and
Workplace Violence 10
Accurate Information,
Data and Records 12
Accounting Integrity 12
Company Communications 14
Safeguarding and Use of Assets 14
Proprietary and Confidential
Information, Ideas and
Intellectual Property 15
Privacy, Personal Information
and Data Protection 16
Internet and E-mail Use 16
Social Media and
Social Networking 17
Computer Security, Software
Licensing and Copyrights 17
Insider Information and Trading 18
Political Contributions/Activities
and Charitable Contributions 19
Government Investigations
and Inquiries 19
Integrity in Our
Business
Fair Dealing 21
Bribery and Kickbacks 21
Agents and Consultants 22
Competition 22
Gifts and Hospitality 23
Conflicts of Interest 24
Self-Dealing 25
International Trade 25
Money Laundering 25
Corporate Social
Responsibility
Sustainability 27
Safety, Health and Environment 28
Product and Service Safety 29
Respecting Human Rights 29
A Shared Commitment 29
Resources and
Contact Information
Our Policies 30
Internal Contacts 30
Ethics Hotline 30
A Message from the CEO
Dear Avient Team,
Our company decisions have far-reaching implications in today’s complex and interconnected world.
Employee Name (Please print)
Signature Date
Work Location
Table of
Contents
A Message from the CEO
Our Code of Conduct
Guidelines for Ethical Behavior
Personal Values
Your Responsibilities
Additional Responsibilities of Avient Supervisors
and Managers
Resolving Questions and Reporting Non-Compliance Situations
Ethics Hotline
Non Retaliation
Code of Conduct Application
Violations of the Code
Respect for All
Diversity and Inclusion
Discrimination or Harassment
Workplace Relationships
Substance Abuse
Physical Security and Workplace Violence
Honesty at Work
Accurate Information, Data and Records
Accounting Integrity
Company Communications
Safeguarding and Use of Assets
Proprietary and Confidential Information, Ideas and
Intellectual Property
Privacy, Personal Information and
Data Protection
Internet and E-mail Use
Social Media and Social Networking
Computer Security, Software Licensing and Copyrights
Insider Information and Trading
Political Contributions / Activities and Charitable Contributions
Government Investigations and Inquiries
Integrity in Our Business
Fair Dealing
Bribery and Kickbacks
Agents and Consultants
Competition
Gifts and Hospitality
Conflicts of Interest
Self-Dealing
International Trade
Money Laundering
Corporate Social Responsibility
Sustainability
Safety, Health and Environment
Product and Service Safety
Respecting Human Rights
A Shared Commitment
Resources and Contact Information
Our Policies
Internal Contacts—Ethics and Compliance Resources
Ethics Hotline
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
Use of Non-GAAP Measures
Page 3
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500
Page 4
All time high of
$32.32
October 21st, 2013
• 16 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has increased
56% versus 22% growth in the
S&P
• Six fold increase in market cap:
$0.5b $3.0b
Strategy and Execution Drive Results
PP&S
15%
Specialty
60%
Distribution
25%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010* 2011* 2012* 2015
Target
Ad
ju
st
ed
E
ar
ni
ng
s P
er
S
ha
re
Appliance
6%
Building &
Construction
13%
Wire & Cable
Electrical &
Electronics
4%
Consumer
Packaging
18%
Industrial
10%
Misc.
5%
HealthCare
Transportation
16%
Textiles
1%
United
States
70%
Europe
14%
Canada
8%
Asia
5%
Latin
America
3%
2012 Revenues: $4.0 Billion*
End Markets*
2012 Revenues: $4.0 Billion*
EPS
Page 5
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms & excludes discontinued operations
PolyOne
At A Glance
* Restated to exclude discontinued operations
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34% 43%
63%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 YTD 2013 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $153M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 6
2006 YTD 2013 2015
Where we were Where we are
Organic Consolidated
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.8% 12.8% 12 – 16%
Global Specialty Engineered
Materials 1.1% 10.8% 8.9% 12 – 16%
Designed Structures & Solutions — — 5.0% 8 – 10%
Performance Products &
Solutions 5.5% 8.0% 8.2% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 63% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 28%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 7
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
44.0%
2006 Q3 2013
$20.3
$46.6
2006 TTM
Q3'13
14.3%
31.0%
2006 Q3 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 8
We are Experts in Polymer Science and Formulation
Polymer Science
Formulation
Chemistry
Processing
Inputs
Base Resins
Additives
Modifiers
Colorants
Specialized
Polymer Materials,
Services, and Solutions
Expertise
Satisfied
Consumers
PolyOne Customer
Innovative
Products & Services
Marketplace Demands
Performance Requirements
Value Drivers
Page 9
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
O P E N I N G RE MARK S
B O B P A T T E R S O N
C H A I R M A N , P R E S I D E N T A N D C E O
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
4
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations5
6
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
6
Q 3 P E RFO RMAN CE
15.4%
16.3%
2022 PF 2023
Results vs.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
& Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
32
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
33
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/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
& Canada
40%
37%
18%
Latin America
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
36
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
US & Canada
34%
38%
Latin America
END MARKET REGION
37
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
52%
35%
REGION
38
19%
8%Industrial
16%
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
39
https://www.avient.com/sites/default/files/resources/Polyolefins%2520Product%2520Selection%2520Guide.pdf
Offers high levels of
stiffness and heat
deflection performance.
51.866.POLYONE www.polyone.com
Product Code - - - PP5210
A111
PP5220F
A1
PP5230F
PP5240
A111
Filler Percentage - % - 10 20 30 40
Tensile Strength Yield psi ASTM D638 4600 4300 3900 3500
MPa ISO 527 32 30 27 24
Tensile Elongation Yield % ASTM D638 7.0 6.0 5.5 5.0
Break % ASTM D638 125 115 100 70
Flexural Modulus 73°F (23°C) psi ASTM D790 250,000 285,000 310,000 340,000
MPa ISO 180 1600 1900 2100 2300
Notched Izod
73°F (23°C) ft-lb/in ASTM D256 0.70 0.70 0.70 0.70
kJ/m2 ISO 180 3.85 3.85 3.85 3.85
Heat Deflection 66 psi °F ASTM D648 190 210 225 240
°C ISO 75 88 99 107 116
264 psi °F ASTM D648 120 125 130 133
°C ISO 75 49 52 54 56
Specific Gravity 73°F (23°C) - ASTM D792 0.96 1.04 1.15 1.25
Linear Shrinkage
1/8 in wall % - 1.3–1.7 1.1–1.5 0.9–1.3 0.7–1.1
3.2 mm wall % - 1.3–1.7 1.1–1.5 0.9–1.3 0.7–1.1
Product Code - - - PP6210
A11
PP7220
A614
PP6230F
A1
PP6240
A44
Filler Percentage - % - 10 20 30 40
Tensile Strength Yield psi ASTM D638 3200 3400 2800 2550
MPa ISO 527 22 24 19 18
Tensile Elongation Yield % ASTM D638 14.0 10.0 8.0 7.0
Break % ASTM D638 >400 >400 >400 200
Flexural Modulus 73°F (23°C) psi ASTM D790 160,000 185,000 250,000 225,000
MPa ISO 178 1100 1300 1750 1550
Notched Izod
73°F (23°C) ft-lb/in ASTM D256 >10.0 >10.0 8 8.0
kJ/m2 ISO 180 55.0 55.0 44.0 14.0
Heat Deflection 66 psi °F ASTM D648 160 170 198 200
°C ISO 75 71 77 92 93
264 psi °F ASTM D648 100 105 108 112
°C ISO 75 38 41 42 44
Specific Gravity 73°F (23°C) - ASTM D792 0.96 1.04 1.15 1.25
Linear Shrinkage
1/8 in wall % - 1.2–1.6 1.0–1.4 0.8–1.2 0.6–1.0
3.2 mm wall % - 1.2–1.6 1.0–1.4 0.8–1.2 0.6–1.0
Maxxam™ Calcium Carbonate
Filled Homopolymer
Maxxam™ Calcium
Carbonate Filled
Copolymer Polypropylene
Offers improved stiffness over unfilled
materials as well as substantial
improvement in drop weight impact
and notched izod impact.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Jefferies%2520Conference%2520-%25208%253A7%253A2018.pdf
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
SERVICE:
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 29
T A L E N T D E V E L O P M E N T
PolyOne Corporation 30
Leadership Program Participants
2012
2013
2015
47
86
2016
2018
125
169
315
Campus Hires
2008
2011
2017
25
90
47
PolyOne LSS Blackbelts
2008
2011
2018
67
220
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN LABS
PolyOne Corporation 31
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$7M
$4M
$40M
Opportunity funnel New business revenue
LSS CUSTOMER FIRST
PolyOne Corporation 32
Customer Projects
2 85
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 33
PolyOne Corporation 34
99.9%
up to 24 weeks
6 hours
C O L O R M A T R I X S E L E C T ™
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 35
SEGMENT HIGHLIGHTS
C O L O R , A D D I T I V E S & I N K S
PolyOne Corporation 36
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
27%
14%
Textiles
Building &
10%
10%Transportation
Electrical &
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$4
$25
$104
$139
0.9%
5.5%
12.2%
15.5%
PolyOne Corporation 37
32%
46%
1%
Mexico
Brazil
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
PolyOne Corporation 38
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
19%
13%
Building &
Electrical &
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
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 39
$21
$57
$76
0.1%
5.1%
9.3%
28%
48%
22%
12.1%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
PolyOne Corporation 40
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Flame Retardant
Polymers
Building &
30%
Electrical &
1%
Asia
77%
Mexico
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$33
$56
$77
4.6%
3.6%
7.2%
10.7%
PolyOne Corporation 41
$886 $668 $773 $721Sales
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 42
23%
22%
Electrical &
Building &
$20
$25
$63
$73
2.9%
4.0%
5.9%
6.3%
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.avient.com/Pages/VariationRoot.aspx
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 43
Thermally Conductive
Chemical Resistant
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Oxygen Scavenger
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Antioxidant Technologies
Density Modified
Target End Markets… Packaging
Luxury Packaging
GravitechTM Density Modified Polymers
Optimize Color Usage
OnColorTM Super Concentrates
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Medical Device Housings
Chemically Resistant Engineered Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants
Smart Home Devices
ResilienceTM Vinyl Solutions
�
� �������� � � ���
� �� �
����� ����� ��� ��� ������ �� ��� ���
�� ��� ��� !"
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
& Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
24%
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
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
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
27
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
28
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
29
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
& Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
20%
24%
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 B ILL ION
34%
38%
20%
END MARKET REGION
27
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
28
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
29
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.