https://www.avient.com/resources/safety-data-sheets?page=1942
GRV-NY-060-CU-Nat
https://www.avient.com/resources/safety-data-sheets?page=515
GEON 210A-WHT-278 CU
https://www.avient.com/resources/safety-data-sheets?page=1592
GRV-NY-032-CU-NAT
https://www.avient.com/resources/safety-data-sheets?page=821
MSDS GRV-NY-055-CU
https://www.avient.com/resources/safety-data-sheets?page=3181
GEON M3000 BGE 3507 CU
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
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/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
9
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLOR, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
10
- 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%
11
+ 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)
12
$ 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 IDA N 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
14
Q2 2024: Adjusted EPS of $0.71
CE O “TO P O F M IN D ”
FO CU S ARE A S
AREAS OF FOCUS
16
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P EN D IX
19
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%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
21
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
22
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
23
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)
24
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/2024-09/Terms and Conditions of Sale for Denmark.pdf
During periods when demand for Product exceeds
Seller’s capability to supply, whether due to a force
majeure or otherwise, Seller may distribute Product
among itself for its own uses, Buyer, and other cus-
tomers, in such manner as Seller deems fair and
practicable.
Buyer shall disseminate such information so as
to give warning of possible hazards to persons
whom Buyer can reasonably foresee may receive
exposure to such hazards, including, but not limited
to, Buyer’s employees, agents, contractors and cus-
tomers.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
The chart below provides a picture of all elements of the total target direct
compensation provided to our Named Executive Officers (also referred to as NEOs).
Base Salary Annual Incentive Long-Term
To attract and retain talent
Drives the achievement of
key business results on an
annual basis
Directly ties the interests of NEOs
to our shareholders
Fixed base of cash compensation
Performance-based and not
guaranteed
Helps retain key talent and a
majority is performance-based
and not guaranteed
15%—CEO
28%—CFO
32%—Other NEOs
18%—CEO
21%—CFO
22%—Other NEOs
67%—CEO
51%—CFO
46%—Other NEOs
While the Compensation Committee typically considers comparative compensation information to gain a
general understanding of current compensation practices in the market, it does not benchmark or ultimately
target a specific percentile or data point in assessing competitiveness for base pay or our incentive programs.
Substantially similar SARs with different exercise prices were granted to participating NEOs in both 2022 and
2023.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
The chart below provides a
picture of all elements of the total target direct compensation provided to our Named Executive Officers
(also referred to as NEOs).
Base Salary Annual Incentive
Long-Term
To attract and retain talent
Drives the achievement of
key business results on an
annual basis
Directly ties the interests of
NEOs to our shareholders
Fixed base of cash
Performance-based and not
guaranteed
Helps retain key talent and a
majority is performance-based
and not guaranteed
14%—CEO
29%—CFO
32%—Other NEOs
18%—CEO
22%—CFO
22%—Other NEOs
68%—CEO
49%—CFO
46%—Other NEOs
While the Compensation Committee typically considers comparative compensation information to gain a
general understanding of current compensation practices in the market, it does not benchmark or
ultimately target a specific percentile or data point in assessing competitiveness for base pay or our
incentive programs.
Adjusted Free Cash Flow Calculation
Cash provided by operating activities $ 201.6
Taxes paid on gain on sale of business 104.1
Adjusted cash provided by operating activities 305.7
Capital expenditures (119.4)
Adjusted free cash flow $ 186.3
Reconciliation to Operating Income - Consolidated
Operating income - GAAP $ 196.8
Special items in operating income 116.0
Adjusted operating income $ 312.8
Reconciliation to Operating Income - CAI
Operating income - GAAP $ 259.9
Foreign exchange impacts (8.0)
Adjusted operating income $ 251.9
A-2
Cover Page
Table of Contents
Letter to our Shareholders
Notice of 2024 Annual Meeting
Proxy Summary
Voting and Meeting Info
Company Operating Performance
Our Company Culture
Impact of Performance on NEO Comp
Director Nominees
Governance Highlights
Proposal 1 - BOD Election
Director Bios
Proposal 2 - Advisory Vote
Proposal 3 - Ratification of EY
Report of Audit Committee
Corporate Governance
2023 Non-Employee Director Compensation
Ownership of Avient Shares
CD&A - Executive Summary
CD&A - Key Results (narrative)
CD&A - PFP and Exec Comp
CD&A - Exec Comp Philosopy
CD&A - What we pay and Why
Executive Compensation - Tables
CEO Pay Ratio
Pay Versus Performance
Miscellaneous
Appendix A