https://www.avient.com/sites/default/files/2022-09/Additives and Colorants for Stadium and Arena Seats Application Bulletin.pdf
AFNOR M 2 in France, DIN 4102 B 2–B 1 in
Germany, UNI 8457–9174 C 1 in Italy, BKZ 5.2
in Switzerland, BS 5852.1990 CRIB 3–5 in UK)**
• Standard portfolio available for PP injection
molded applications
APPLICATION BULLETIN
* Laboratory weathering testing may not be determinative of all conditions of use;
the end user must determine suitability of a product for its intended use
** Contact us for more information on regulatory compliance
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2023-09/Comple_t LFT Wheelchair Caster Case Study.pdf
Contact us at
+1.844.4AVIENT or visit www.avient.com.
https://www.avient.com/sites/default/files/2022-10/Cesa WIthStand Antimicrobial Additives Product Bulletin.pdf
They are also very useful in a variety of other
applications such as packaging, electronics
or transportation.
https://www.avient.com/sites/default/files/2025-01/NEUSoft Product Selection Guide.pdf
To learn more about NEUSoft TPU formulations,
contact us at +1.844.4AVIENT (1.844.428.4368).
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
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.
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.
Three Months Ended
June 30,
Six Months Ended
June 30,
Reconciliation to Consolidated Statements of Income 2021 2020 2021 2020
Sales $ 1,235.2 $ 609.1 $ 2,397.5 $ 1,320.6
Gross margin - GAAP 288.7 149.7 591.1 321.2
Special items in gross margin (Attachment 3) 12.6 (4.2) 10.4 (4.0)
Adjusted gross margin $ 301.3 $ 145.5 $ 601.5 $ 317.2
Adjusted gross margin as a percent of sales 24.4 % 23.9 % 25.1 % 24.0 %
Operating income - GAAP 108.1 38.0 228.5 90.8
Special items in operating income (Attachment 3) 14.2 9.0 16.6 18.7
Adjusted operating income $ 122.3 $ 47.0 $ 245.1 $ 109.5
Adjusted operating income as a percent of sales 9.9 % 7.7 % 10.2 % 8.3 %
The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US
GAAP figures.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible
asset amortization is a useful measure of current period earnings per share.
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.
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.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
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.
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.
Three Months Ended
Year Ended
Reconciliation to Consolidated Statements of Income 2020 2019 2020 2019
Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7
Gross margin - GAAP 252.9 153.3 784.3 657.2
Special items in gross margin (Attachment 3) 1.7 (0.8) 25.3 7.3
Adjusted Gross margin $ 254.6 $ 152.5 $ 809.6 $ 664.5
Adjusted Gross margin as a percent of sales 25.5 % 23.2 % 25.0 % 23.2 %
Operating income - GAAP 65.0 20.5 189.3 156.8
Special items in operating income (Attachment 3) 14.6 24.6 73.7 71.7
Adjusted Operating income $ 79.6 $ 45.1 $ 263.0 $ 228.5
Adjusted Operating income as a percent of sales 8.0 % 6.8 % 8.1 % 8.0 %
The table below reconciles pre-special income tax expense and the pre-special effective tax rate to their most comparable US
GAAP figures.
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Press Release%5B43%5D.pdf
Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible
asset amortization is a useful measure of current period earnings per share.
Senior management believes these measures are
useful to investors because they allow for comparison to Avient's performance in prior period s 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.
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.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Avient reflects 2022 estimated revenue of $5,100M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Avient Specialty
Other
Free Cash Flow Conversion (1)
2022E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
Senior management also uses operating income before
special items to assess performance and allocate resources because senior management believes that these measures are
useful in understanding current profitability levels and how it may serve as a basis for future performance.
Senior management believes the measures described above 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.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
You may revoke your proxy before it is voted by giving notice to us in writing or orally at the meeting.
Mink provides us wi hth
valuable counsel related to her chemical and advanc ded
materials background.
All Directors are required to retain 100% of all
shares obtained through us, as compensation for services provided to us, with such percentage to be calculated after
any reduction in the number of shares to be delivered as a result of any taxes and exercise costs relating to the shares
(if applicable).