https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
Q 2 2021 P E RFO R MA N CE
U P DAT E
$69
$122
$0.42
$0.87
Q2 2021 – ORGANIC PERFORMANCE
10
Sales Adjusted Operating Income
$870
$1,235
+ 42%
+ 77% + 107%
(1) (1) (1)
Q2 2021 SEGMENT PERFORMANCE
11
CAI
$488
$624
($ in millions)
SEM Distribution
$54
$86
+28%
+59%
$239
$404
$15
$24
+69%
+60%
$159
$241
$17
$37
+52%
+118%
SPECIALTY EBITDA MARGIN EXPANSION
12
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
18.5%
2018 2019 2020 YTD 2021
14.8% 15.2%
17.6%
19.1%
2018 2019 2020 YTD 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
13
Legacy CAI
18.9% 18.9%
20.3%
2019 2020 YTD 2021
Legacy
11.9%
13.8%
16.8%
2019 2020 YTD 2021
• Synergy capture translating to the
bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 35%
represents sales from products
introduced in the last five years.
ColorWorks innovation centers are specially
designed to foster imagination and enable
creative exploration of innovative solutions
• Focus on customers’ sustainability initiatives
through recyclability and post-consumer
recycled materials for packaging applications
• Supports 8-12% long-term revenue growth
expectations across our sustainable solutions
portfolio
14
2020 Pro forma $870 $69
Sustainable Solutions 66 37% 26
Healthcare 29 20% 7
Composites 12 36% 6
Growth in Asia / LATAM 47 39% 11
Other 190 48% 22
Sub-total $1,214 40% $141
COVID Response Applications (15) (8)
FX Impact 36 4
Synergies 11
Incentives, Travel, Other Employee Costs (26)
2021 Actual $1,235 42% $122
Q2 2021 ORGANIC SALES AND OPERATING INCOME
15
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
16
Q2 2020PF Q2 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(44% of total revenue)
(56% of total revenue)
Q2 END MARKET SALES PERFORMANCE
+26%
+38%
+46%
+103%
+51%
+9%
+7%
+67%
Energy Telecom Building &
Transportation Industrial Healthcare Packaging Consumer
Q2 YEAR-OVER-YEAR EBITDA BRIDGE
Q2 2020 Pro forma $ 106
Demand 69
17
EBITDA$ millions
• Demand impact driven by
growth in sustainable
solutions and consumer
products
• Price increases more than
offset raw material and
supply chain impacts
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
CAI:
Price / Mix 40
Inflation (32)
SEM:
Price / Mix 23
Inflation (18)
Distribution:
Price / Mix 81
Inflation (77)
Net Price Benefit 17
Supply Chain Disruptions (14)
COVID Response Applications (8)
Synergies 11
Incentives, Travel, FX, Other (22)
Q2 2021 Actual $ 159
Q1 2021 Actual $ 161
CAI:
Price / Mix 32
Inflation (22)
SEM:
Price / Mix 15
Inflation (9)
Distribution:
Price / Mix 50
Inflation (48)
Net Price Benefit 18
Supply Chain Disruptions (12)
Demand / Seasonality (6)
Other (2)
Q2 2021 Actual $ 15918
EBITDA$ millions
• Price increases more than
offset raw material and
freight inflation impacts
• Demand impact driven by
Q2 seasonality for the
business
Q1 TO Q2 SEQUENTIAL EBITDA BRIDGE
Q 3 AN D FU LL Y EA R
2021 O U TLO O K
$74
$98
$0.46
$0.68
ORGANIC GROWTH PROJECTIONS – Q3
20
Sales Adjusted Operating Income
$925
$1,150
+ 24%
+ 32% + 48%
FULL YEAR GUIDANCE INCREASED
21
Sales Adj.
https://www.avient.com/sites/default/files/2021-12/PREPERM _ Edgetek Low-loss Dielectric Thermoplastics Technical Bulletin.pdf
KEY PROPERTIES AND PERFORMANCE
FR GRADES H GRADES PEEK GRADES LCP GRADES FLEX GRADES
PROPERTIES CONDITION ISO UNIT PPE400FR PPE700FR PPE950FR PPE1200FR H1500HF H2300HF PEEK700 PEEK900 PEEK1000 PEEK1200 LCP650 LCP800 LCP950 FLX400 FLX700 FLX1100
Dielectric Constant (Dk) 2.4 GHz 4.0 7.0 9.5 12.0 15.0 23.0 7.0 9.0 10.0 12.0 6.5 8.0 9.5 4.0 7.0 11.0
Loss Tangent (Df) 2.4 GHz 0.0030 0.0039 0.0042 0.0045 0.0010 0.0037 0.0024 0.0025 0.0024 0.0027 0.0043 0.0045 0.0047 0.0010 0.0009 0.0012
Density 1183 g/cm3 1.44 1.97 2.20 2.50 2.60 3.40 1.94 2.20 2.30 2.40 2.00 2.15 2.30 1.52 1.93 2.50
Melt Flow Index (MFI) 5 kg, 300 °C
(unless noted) 1113 g/10 min 17 12 13 5 5 8 15 @ 380 °C 13 @ 380 °C 10 @ 380 °C 6 - - - 11 @ 230 °C 2 @ 230 °C 0.3 @ 230 °C
Tensile Strength at Break 23 °C/73 °F 527 MPa 47 52 44 45 23 40 64 62 65 67 75 80 75 11 17 25
Flexural Modulus 23 °C/73 °F 178 MPa 3100 4500 - 9300 2100 5000 6200 7600 9200 11000 8000 8500 8500 1400 1600 2900
Unnotched Izod 23 °C/73 °F 180 kJ/m2 NB 42 20 9 17 10 28 25 18 15 31 20 12 NB NB NB
-20 °C/-4 °F 180 kJ/m2 - - - - 17 10 - - - - - - - - -
Notched Izod 23 °C/73 °F 180 kJ/m2 14 6 4 3 5 4 6 4 4 4 10 6 4 59 23 13
-20 °C/-4 °F 180 kJ/m2 - - - - 5 4 - - - - - - - - - -
STANDARD GRADES RADOME GRADES
PROPERTIES CONDITION ISO UNIT PPE260 PPE300 PPE320 PPE350 PPE400 PPE440 PPE500 PPE650 PPE800 PPE950 PPE1200 RS260 RB260 RS265FR
Dielectric Constant (Dk) 2.4 GHz 2.6 3.0 3.2 3.5 4.0 4.4 5.0 6.5 8.0 9.5 12.0 2.6 2.6 2.7
Loss Tangent (Df) 2.4 GHz 0.0009 0.0009 0.0010 0.0009 0.0009 0.0009 0.0009 0.0009 0.0009 0.0009 0.0010 0.0009 0.0012 0.0032
Density 1183 g/cm3 1.07 1.18 1.21 1.27 1.43 1.50 1.62 1.86 2.10 2.20 2.40 1.06 1.08 1.09
Melt Flow Index (MFI) 5 kg, 300 °C 1113 g/10 min 15 15 16 14 14 14 15 11 10 4 2 21 16 25
Tensile Strength at Break 23 °C/73 °F 527 MPa 40 45 47 50 50 48 45 43 37 37 36 50 42 52
Flexural Modulus 23 °C/73 °F 178 MPa 2700 2400 2000 2600 2800 2700 2600 2600 2300 2600 2600 2200 2200 2600
Unnotched Izod 23 °C/73 °F 180 kJ/m2 NB NB NB NB NB NB NB NB 50 28 24 NB NB NB
-20 °C/-4 °F 180 kJ/m2 NB NB NB NB NB NB NB 50 47 27 25 NB NB NB
Notched Izod 23 °C/73 °F 180 kJ/m2 8 55 69 35 22 20 15 9 8 5 4 19 14 11
-20 °C/-4 °F 180 kJ/m2 8 15 20 14 12 10 9 8 8 5 4 10 12 10
PREPERM™ SERIES
PROPERTIES CONDITION ISO UNIT 8027 8025 8037 8019 8028 8026 8044 8029 8041 8045 8048 8036 8056 8031
Dielectric Constant (Dk) 1 GHz, 23 °C 3.0 3.1 3.4 3.6 3.8 4.4 4.8 5.3 5.4 5.9 6.0 7.0 7.3 9.0
Loss Tangent (Df) 1 GHz, 23 °C 0.0012 0.0012 0.0008 0.0010 0.0010 0.0010 0.0004 0.0008 0.0006 0.0002 0.0006 0.0007 0.0002 0.0007
Density 1183 g/cm3 1.25 1.26 1.35 1.39 1.45 1.59 1.72 1.75 1.79 1.89 1.88 2.06 2.086 2.25
Melt Flow Index (MFI) 5 kg, 300 °C 1113 g/10 min 16 19 10 11 15 13 10 10 15 15 19 10 18 4.7
Tensile Strength at Break 23 °C/73 °F 527 MPa 59 54 54 62 59 54 52 58 52 45 49 45 37 38
Flexural Modulus 23 °C/73 °F 178 MPa 2780 2560 2850 3060 3350 3700 3157 4300 4320 3137 4150 3370 2560 4200
Notched Izod 23 °C/73 °F 180 kJ/m2 15.3 14 14.8 14 12.6 10.4 9.9 8.6 7.4 7.9 6.6 7.1 6.2 6.8
EDGETEK™ 7600 SERIES
Copyright © 2021, Avient Corporation.
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.
https://www.avient.com/center-of-excellence/avient-europe-middle-east-and-africa
Telephone:+33 474 42 69 70
Fax:+33 474 42 62 79
https://www.avient.com/center-of-excellence/avient-asia
No. 69, Sec. 1, Yonghe Rd.
https://www.avient.com/sites/default/files/2021-11/polystrand-product-selection-guide_0.pdf
TYPICAL PROPERTIES - MULTI-AXIAL LAMINATES
0° Testing Orientation 90° Testing Orientation
Product
Name Resin Fiber
Content
Laminate Layers
& Orientation Areal Weight Nominal
Thickness1
Flexural Modulus
Flexural Strength
Tensile Modulus
Tensile Strength
Flexural Modulus
Flexural Strength
Tensile Modulus
Tensile Strength
wt % lb/ft2 oz/yd2 gsm in mm ksi GPa ksi MPa ksi GPa ksi MPa ksi GPa ksi MPa ksi GPa ksi MPa
6337
PP
63
0/90 0.20 29.49 1000 0.031 0.79 - - - - 2020 13.9 59.7 412 - - - - 2020 13.9 59.7 412
0/90/0 0.31 44.24 1500 0.045 1.14 2250 15.5 46.4 320 3070 21.2 79.4 547 186 1.3 9.7 67 1330 9.2 39.6 273
0/90/90/0 0.41 58.98 2000 0.057 1.45 2000 13.8 44.0 303 2400 16.5 60.6 418 496 3.4 20.7 143 2210 15.2 56.4 389
6531
65
0/90 0.10 14.80 502 0.014 0.36 - - - - 2240 15.4 60.9 420 - - - - 2240 15.4 60.9 420
0/90/0 0.15 22.20 753 0.020 0.50 2650 18.3 58.3 402 3100 21.4 82.8 571 280 1.9 NB2 NB2 1670 11.5 42.5 293
0/90/90/0 0.21 29.61 1004 0.027 0.68 2260 15.6 51.5 355 2470 17.0 62.2 429 580 4.0 30.4 210 2310 15.9 59.6 411
6536
0/90 0.14 20.71 702 0.021 0.53 - - - - 1980 13.7 60.5 417 - - - - 1980 13.7 60.5 417
0/90/0 0.22 31.06 1053 0.029 0.74 2309 15.9 48.3 333 2730 18.8 81.5 562 245 1.7 13.0 90 1490 10.3 44.3 305
0/90/90/0 0.29 41.41 1404 0.037 0.94 2164 14.9 47 324 2170 15.0 59.6 411 512 3.5 25.4 175 2340 16.1 71.2 491
6538
0/90 0.27 39.54 1341 0.034 0.86 - - - - 2220 15.3 60.0 414 - - - - 2220 15.3 60.0 414
0/90/0 0.41 59.53 2018 0.057 1.44 2825 19.5 40.9 282 2780 19.2 67.6 466 218 1.5 10.2 70 1410 9.7 40.0 276
0/90/90/0 0.55 79.37 2691 0.073 1.85 1880 13.0 32.4 223 2060 14.2 54.0 372 478 3.3 18.0 124 2360 16.3 61.0 421
7034B PP-Black 70
0/90 0.14 20.48 694 0.016 0.40 - - - - 2680 18.5 62.0 427 - - - - 2680 18.5 62.0 427
0/90/0 0.21 30.72 1041 0.028 0.71 1750 12.1 55.9 385 3710 25.6 75.1 518 160 1.1 11.3 78 1440 9.9 36.2 250
0/90/90/0 0.28 40.95 1388 0.036 0.90 1700 11.7 40.4 279 2800 19.3 55.7 384 432 3.0 25.4 175 2350 16.2 52.4 361
6020
PE
60
0/90 0.17 23.90 810 0.023 0.57 - - - - 1830 12.6 52.00 359 - - - - 1830 12.6 52.0 359
0/90/0 0.25 35.86 1216 0.033 0.84 2265 15.6 40.0 276 2740 18.9 68.2 470 181 1.2 10.0 69 1350 9.3 35.3 243
0/90/90/0 0.33 47.81 1621 0.044 1.12 1810 12.5 30.0 207 2000 13.8 48.0 331 502 3.5 22.0 152 1820 12.5 46.0 317
6621 66
0/90 0.19 27.94 947 0.025 0.65 - - - - 2280 15.7 60.0 414 - - - - 2280 15.7 60.0 414
0/90/0 0.29 41.90 1421 0.040 1.01 2490 17.2 37.0 255 2900 20.0 70.0 483 165 1.1 9.7 67 1440 9.9 38.0 262
0/90/90/0 0.39 55.87 1894 0.053 1.35 1810 12.5 29.0 200 2160 14.9 58.0 400 508 3.5 21.0 145 2170 15.0 53.0 365
5843 PETG 58
0/90 0.16 23.70 804 0.020 0.50 - - - - 2050 14.1 59.6 411 - - - - 2050 14.1 59.6 411
0/90/0 0.25 35.55 1205 0.030 0.76 2800 19.3 89.0 614 2900 20.0 78.0 538 397 2.7 NB2 NB2 1580 10.9 42.5 293
0/90/90/0 0.33 47.40 1607 0.039 0.99 2540 17.5 72.0 496 2300 15.9 57.7 398 780 5.4 35.0 241 2170 15.0 63.0 434
5840B aPET-Black 58
0/90 0.18 26.01 882 0.021 0.53 - - - - 2530 17.4 55.3 381 - - - - 2530 17.4 55.3 381
0/90/0 0.27 39.01 1323 0.032 0.82 2986 20.6 91.1 628 3160 21.8 68.7 474 252 1.7 20.0 138 1580 10.9 36.9 254
0/90/90/0 0.36 52.01 1763 0.042 1.07 3065 21.1 73.1 504 2570 17.7 54.2 374 813 5.6 37.0 255 2440 16.8 55.6 383
5860B PA6-Black 58
0/90 0.16 22.95 778 0.021 0.52 - - - - 2190 15.1 56.00 386 - - - - 2190 15.1 56.0 386
0/90/0 0.24 34.43 1167 0.034 0.86 2510 17.3 117.0 807 2760 19.0 63.7 439 657 4.5 22.2 153 1630 11.2 39.7 274
0/90/90/0 0.32 45.91 1556 0.046 1.18 2210 15.2 106.0 731 2090 14.4 45.6 314 1110 7.7 50.8 350 2150 14.8 57.4 396
1 Nominal thicknesses indicated are baseline values that may vary depending on material processing and other variables.
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
Sustainability Report | 2019 69
https://www.avient.com/sites/default/files/2020-09/aepw-progress-report-avient.pdf
Clean-Up and Remediation
If soil and groundwater contamination occurs at active or former Avient sites, proper remediation measures are
reviewed based on current legal and technical standards and undertaken as necessary.
A majority of our associates have
full time contracts.
102–9 Supply chain Products—Management Approach: Supplier Collaboration
PolyOne 2019 Annual Report—Form 10-K Page 3
102–10 Significant changes to the organization and its supply chain About Avient—Better Together: PolyOne and Clariant Masterbatch
PolyOne 2019 Annual Report—Form 10-K Pages 2 & 16–17
102–11 Precautionary Principle or approach About Avient—Avient’s 4 Ps of Sustainability
PolyOne 2019 Annual Report—Form 10-K Pages 6–10
102–12 External initiatives
About Avient—Who We Are
People—Security, A Great Place to Work
Products—Management Approach: Product Stewardship, Strategic Partnerships
and Alliances
Planet—Eliminating Plastic Waste, Community Service, Community Engagement
Sustainability Report | 2019 90
GRI Standards Content Index
Organizational Profile
102–13 Membership of associations
American Chemistry Council
Plastics Industry Association
Alliance To End Plastic Waste
Operation Clean Sweep
The UK Plastics Pact
PetCore Europe
Association of Plastic Recyclers
Strategy
102–14 Statement from senior decision-maker Message from the CEO
PolyOne 2019 Annual Report—Letter To Our Shareholders
102–15 Key impacts, risks, and opportunities
Products—Innovation: The Lifeblood of a Specialty Organization
Performance—Enterprise Risk Management (ERM)
PolyOne 2019 Annual Report—Form 10-K Pages 6–10
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Avient—Who We Are
Performance—The Highest Ethical Standards
PolyOne 2019 Annual Report—Creating a World-Class, Sustainable Organization
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting
Governance
102–18 Governance structure
Performance—Board of Directors
People—Management Approach EH&S
PolyOne 2019 Proxy Statement Pages 33–39
102–20 Executive-level responsibility for economic, environmental, and
social topics
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
People—Management Approach EH&S
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Page 34
Sustainability Report | 2019 91
Governance
102–22 Composition of the highest governance body and its committees
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–23 Chair of the highest governance body
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–34
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 37–38
102–25 Conflicts of interest
Performance—Board of Directors
Code of Conduct
102–26 Role of highest governance body in setting purpose, values, and
strategy
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages33–39
102–27 Collective knowledge of highest governance body
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 12–15
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors
PolyOne 2019 Proxy Statement Pages 38–39
102–29 Identifying and managing economic, environmental, and social
impacts
Performance—Board of Directors
People—Management Approach EH&S
GRI Standards Content Index
Sustainability Report | 2019 92
GRI Standards Content Index
Governance
102–30 Effectiveness of risk management processes
Performance—Board of Directors, Enterprise Risk Management
PolyOne 2019 Proxy Statement Page 34
102–31 Review of economic, environmental, and social topics
Performance—Board of Directors, Enterprise Risk Management
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–33 Communicating critical concerns
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Page 35
Code of Conduct
102–34 Nature and total number of critical concerns PolyOne 2019 Annual Report—Form 10-K Pages 56–57
102–35 Renumeration Policies PolyOne Notice of 2019 Annual Meeting of Shareholders
PolyOne 2019 Proxy Statement Pages 44–56
102–36 Process for determining renumeration PolyOne 2019 Proxy Statement Pages 44–56
102–37 Stakeholders' involvement in renumeration PolyOne 2019 Proxy Statement Page 46
102–38 Annual total compensation ratio PolyOne 2019 Proxy Statement Page 69
Stakeholder Engagement
102–40 List of stakeholder groups Throughout Avient 2019 Sustainability Report
102–41 Collective bargaining agreements PolyOne 2019 Annual Report—Form 10-K Page 4
102–42 Identifying and selecting stakeholders Throughout Avient 2019 Sustainability Report
102–43 Approach to stakeholder engagement Throughout Avient 2019 Sustainability Report
Sustainability Report | 2019 93
Stakeholder Engagement
102–44 Key topics and concerns raised
About Avient—Communities Counting on Avient
People—All Sections
Products—Management Approach: Product Stewardship, Management Approach:
Supplier Collaboration
Planet—All Sections
Reporting Practice
102–45 Entities included in the consolidated financial statements
PolyOne 2019 Annual Report—Form 10-K
Segments included: Color, Additives, and Inks, Specialty Engineered Materials, and
Distribution
102–46 Defining report content and topic boundaries
The information in this report applies to Avient and all owned facilities, joint
ventures, and operating companies globally within the reporting period, unless
otherwise stated.
Challenge Accepted.
2019 Sustainability Report
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
Sustainability Report | 2019 69
https://www.avient.com/sites/default/files/2020-09/aepw-progress-report-avient.pdf
Clean-Up and Remediation
If soil and groundwater contamination occurs at active or former Avient sites, proper remediation measures are
reviewed based on current legal and technical standards and undertaken as necessary.
A majority of our associates have
full time contracts.
102–9 Supply chain Products—Management Approach: Supplier Collaboration
PolyOne 2019 Annual Report—Form 10-K Page 3
102–10 Significant changes to the organization and its supply chain About Avient—Better Together: PolyOne and Clariant Masterbatch
PolyOne 2019 Annual Report—Form 10-K Pages 2 & 16–17
102–11 Precautionary Principle or approach About Avient—Avient’s 4 Ps of Sustainability
PolyOne 2019 Annual Report—Form 10-K Pages 6–10
102–12 External initiatives
About Avient—Who We Are
People—Security, A Great Place to Work
Products—Management Approach: Product Stewardship, Strategic Partnerships
and Alliances
Planet—Eliminating Plastic Waste, Community Service, Community Engagement
Sustainability Report | 2019 90
GRI Standards Content Index
Organizational Profile
102–13 Membership of associations
American Chemistry Council
Plastics Industry Association
Alliance To End Plastic Waste
Operation Clean Sweep
The UK Plastics Pact
PetCore Europe
Association of Plastic Recyclers
Strategy
102–14 Statement from senior decision-maker Message from the CEO
PolyOne 2019 Annual Report—Letter To Our Shareholders
102–15 Key impacts, risks, and opportunities
Products—Innovation: The Lifeblood of a Specialty Organization
Performance—Enterprise Risk Management (ERM)
PolyOne 2019 Annual Report—Form 10-K Pages 6–10
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Avient—Who We Are
Performance—The Highest Ethical Standards
PolyOne 2019 Annual Report—Creating a World-Class, Sustainable Organization
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting
Governance
102–18 Governance structure
Performance—Board of Directors
People—Management Approach EH&S
PolyOne 2019 Proxy Statement Pages 33–39
102–20 Executive-level responsibility for economic, environmental, and
social topics
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
People—Management Approach EH&S
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Page 34
Sustainability Report | 2019 91
Governance
102–22 Composition of the highest governance body and its committees
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–23 Chair of the highest governance body
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–34
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 37–38
102–25 Conflicts of interest
Performance—Board of Directors
Code of Conduct
102–26 Role of highest governance body in setting purpose, values, and
strategy
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages33–39
102–27 Collective knowledge of highest governance body
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 12–15
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors
PolyOne 2019 Proxy Statement Pages 38–39
102–29 Identifying and managing economic, environmental, and social
impacts
Performance—Board of Directors
People—Management Approach EH&S
GRI Standards Content Index
Sustainability Report | 2019 92
GRI Standards Content Index
Governance
102–30 Effectiveness of risk management processes
Performance—Board of Directors, Enterprise Risk Management
PolyOne 2019 Proxy Statement Page 34
102–31 Review of economic, environmental, and social topics
Performance—Board of Directors, Enterprise Risk Management
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Pages 33–39
102–33 Communicating critical concerns
Performance—Board of Directors
PolyOne 2019 Annual Report—Form 10-K Pages 11–13 & 69
PolyOne 2019 Proxy Statement Page 35
Code of Conduct
102–34 Nature and total number of critical concerns PolyOne 2019 Annual Report—Form 10-K Pages 56–57
102–35 Renumeration Policies PolyOne Notice of 2019 Annual Meeting of Shareholders
PolyOne 2019 Proxy Statement Pages 44–56
102–36 Process for determining renumeration PolyOne 2019 Proxy Statement Pages 44–56
102–37 Stakeholders' involvement in renumeration PolyOne 2019 Proxy Statement Page 46
102–38 Annual total compensation ratio PolyOne 2019 Proxy Statement Page 69
Stakeholder Engagement
102–40 List of stakeholder groups Throughout Avient 2019 Sustainability Report
102–41 Collective bargaining agreements PolyOne 2019 Annual Report—Form 10-K Page 4
102–42 Identifying and selecting stakeholders Throughout Avient 2019 Sustainability Report
102–43 Approach to stakeholder engagement Throughout Avient 2019 Sustainability Report
Sustainability Report | 2019 93
Stakeholder Engagement
102–44 Key topics and concerns raised
About Avient—Communities Counting on Avient
People—All Sections
Products—Management Approach: Product Stewardship, Management Approach:
Supplier Collaboration
Planet—All Sections
Reporting Practice
102–45 Entities included in the consolidated financial statements
PolyOne 2019 Annual Report—Form 10-K
Segments included: Color, Additives, and Inks, Specialty Engineered Materials, and
Distribution
102–46 Defining report content and topic boundaries
The information in this report applies to Avient and all owned facilities, joint
ventures, and operating companies globally within the reporting period, unless
otherwise stated.
Challenge Accepted.
2019 Sustainability Report
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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Back Arrow Button 4:
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
This
innovation drives performance and is
reflective of consistent, strategic
investments in our portfolio…and
people.
2020 Pro forma $991 $86
Sustainable Solutions 15 11% 6
Healthcare 28 22% 6
Composites 6 10% 3
Growth in Emerging Regions 44 30% 10
Other 53 10% 7
Sub-total $1,137 15% $118
FX Impact 25 - 2
Synergies - - 11
Incentives, Travel, Other Employee Costs - - (8)
2021 Actual $1,162 17% $123
Q1 2021 ORGANIC SALES AND OPERATING INCOME
7 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
8
Wire & Cable Transportation Industrial Healthcare Packaging Consumer
Q1 2020PF Q1 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(42% of total revenue)
(58% of total revenue)
Q1 END MARKET SALES PERFORMANCE
+17%
+14% +8%
+10%
+8% +22%
+5%
+24%
Q 2 AN D FU LL Y EA R
2021 O U TLO O K
$69
$112
$0.42
$0.80
ORGANIC GROWTH PROJECTIONS – Q2
10
Sales Adjusted Operating Income
$870
$1,100
+ 26%
+ 62% + 90%
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
FULL YEAR GUIDANCE INCREASED
11
Sales Adj.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 84% Median: 77%
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M)
87 89 87 86
82 81
76
88 87 84
82 81
78 77 77 77 76 73
70
69
50
19
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the majority of our
chemical peers.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022.pdf
Contact us today
https://avient.me/3FxhNrw
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