https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Associates complete cybersecurity
training to help identify and respond to potential cybersecurity risks and reinforce safe behaviors.
Total consideration paid by the Company to complete the APM Acquisition was $1.4 billion, net of cash acquired.
As of December 31, 2023, the purchase accounting for the APM Acquisition was complete.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Please complete, sign, date and
return your proxy or voting instruction form, or submit your vote and
proxy by telephone or over the Internet.
She was Executive Vice President,
then Corporate Executive Vice President at Celanese
Corporation, a global hybrid chemical company from
2001 until 2010.
Upon completing this assessment, the Compensation Committee also determined that no “conflicts of
interest have been raised by the work performed by the Consultant.”
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
We completed our testing of impairment as of October 1, noting no impairment in 2014,
2013 or 2012.
Upon completion, projects are reclassified to technology and amortized
over their useful lives.
IPR&D consists of one project that we expect to complete during 2015.
https://www.avient.com/sites/default/files/2020-10/tpe-injection-molding-guide.pdf
The efficiency of the design may be verified by recording the time it
takes to make a complete color change while producing parts.
For hot tip gate systems, there should be a delay long enough for the part to set up
completely before mastication is initiated for the next cycle.
Maintain this
speed until the part is 90% full and then reduce it further to completely fill the cavity
without flashing the part.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Consumer
23%
Building &
10%
Transportation
Industrial
16%
Telecom.
19%
Avient: Who We Are
39
22
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
8,600+ employees
100+ manufacturing plants
Key Financial Data
2021E Sales $4.75 billion
2021E EBITDA $580 million
2021E EPS $3.00
87% of EBITDA from specialty applications
>70%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
Avient Corporation 6
46%
66%
87%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021E
%
o
f A
d
ju
st
ed
E
IT
(1
JVs Performance Products & Solutions Distribution Specialty
7%
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) 2021 includes full synergies from Clariant color acquisition
(2)
Specialty Transformation
Avient Corporation 7
CAI
(1) Financial information is pro forma to include a full year of Clariant Color business acquisition
2.7%
15.2%
17.0%
2006 2019 2021E
1.8%
15.2%
17.6%
2006 2019 2021E
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
Specialty EBITDA Margin Expansion
Avient Corporation 8
We are a Formulator
CUSTOM
FORMULATION
Avient Corporation 9
Sustainability for a Better Tomorrow
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
Revenue From Sustainable Solutions* 2016-2021
2016 2017 2018 2019 2020PF** 2021E
$405M
$455M
$550M
$790M
$270
215
170
$930M2021E Sales
Avient Corporation 10
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
$2.43
$1.51
$1.69
$1.93
$3.00
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018 20182 2019 2020 2021E
Pro Forma for
sale of PP&S
(1): Pro Forma for sale of DSS
(2): Pro Forma for full year of the Clariant Color acquisition
2018(1) (1) (2)
Adjusted EPS Growth
Avient Corporation 11
$133
$205
Clariant Color: Transformational Acquisition
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.0x
2019PF 2021E 2021E w/ Full
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• On-track to realize $52 million of expected synergies in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
Avient Corporation 83
Avient in 5G Ecosystem
Avient Corporation 84
Antenna
Phase Shifters
Smart
Home
Wearables
INFRASTRUCTURE IOT DEVICES
Smart
Phones
Autonomous
Cars
Virtual
Reality
Complete Cable
Strength
Members
Water
Blocking
Yarns
Ripcord
Yarns
Cable Jacket
Cable Insulation
Composites Growth Outlook
Avient Corporation 85
10% CAGR
5G Capacity and Demand
Source: Mobile Experts: 5G Millimeter Wave 2019:
ns
e
an
C
ap
ac
ity
(
o.
GDP Growth Avient Historic Growth Future Growth Assumptions
Global Avient:
2.7%
Asia / LATAM:
5.0%
Source: International Monetary Fund, World
Economic Outlook Database (April 2021)
12% organic CAGR
Figures above include relevant sustainable solutions, healthcare and composites sales
Avient Corporation 120
8-10%
(5% CAGR excluding
Sustainable Solutions)
Summary: Long-term Revenue Growth Drivers
Avient Corporation 121
2021 Sales
Estimate
(Drivers)
Overlap
2021 Sales
Estimate
Annual
Growth
Sustainable Solutions 930 - 930 8–12%
Healthcare 685 (45) 640 8–10%
Composites 260 (80) 180 10%
Asia / LATAM 1,150 (310) 840 5%
Other (GDP growth) 2,160 2–3%
Avient $4,750 6.5%
EBITDA Margin Expansion Goals
CAI
SEM
• Continued portfolio transformation to high-
growth end markets and sustainable solutions
• Clariant Color synergy realization
• Investments in composites and outdoor high
performance applications drive growth and
mix improvements
Avient Corporation 122
17.0%
1.6%
1.0% 0.4%
2021E Synergies Sustainable
Healthcare Goal
17.6% 0.9%
1.1%
0.4%
2021E Composites Sustainable
Healthcare Goal
Sustainable Path to Double Digit Earnings Growth
Avient Corporation 123
Long-Term Sales
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
10%+
Adjusted EBITDA growth
15%+
Adjusted EPS growth
An Investment in
Sustainable Growth
Bob Patterson
Avient Corporation 124
M&A Brings Avient New Technologies
Avient Corporation 125
Technology Acquisition Technology Acquisition
Thermoplastic
Elastomers
Liquid Color Concentrates
& Additives
Continuous Fiber
Thermoplastic Composites
Silicone Colorants &
Formulations
High-temperature Polymers
& Fluoropolymers
Long Fiber Reinforced (LFT)
Thermoplastic Composites
Fiber Solutions
Water-based Inks
Fiber & Healthcare Expertise,
Liquid Additive Processing Aids, FR Additives,
Recycling Innovations & More
$133
$205
Clariant Color: Transformational Acquisition
126
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.0x
2019PF 2021E 2021E w/ Full
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• On-track to realize $52 million of expected synergies in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
The coefficient of friction (COF) characterizes the degree of force required to move one
surface across another — either from a complete stop (static friction) or when the surface is already
moving (kinetic friction).
Recut tool to obtain complete shutoff with minimum 0.002"
(0.05 mm) interference into substrate
Recut tool to obtain complete shutoff with minimum 0.002"
(0.05 mm) interference into substrate
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Canada.pdf
Nous sommes tous tenus de préparer et de tenir à jour
des renseignements exacts et des dossiers complets.
Vous
devez vous assurer que tout rapport ou dossier que vous
préparez est exact et complet et ne contient aucune entrée
fausse ou trompeuse.
De plus,
ces paiements doivent être inscrits de manière exacte
et complète dans les registres comptables à titre de
dépenses d’entreprise.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
Upon completion
projects are reclassified to technology and
amortized over their useful lives
We completed our testing of impairment on October 1, 2011,
noting no impairment.
Upon completion projects are reclassified to
technology and amortized over their useful lives.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
The scenario
analysis will be complete and reported
on in next year’s CDP disclosure.
Also in 2021, Avient
completed 207 energy saving activities that cumulatively
reduce yearly emissions by 5,500 MT CO2e, hence
reducing the company exposure to commodity fluctuations
and regulatory changes.
SC1.2
(SC1.2) Where published information has been used in completing SC1.1, please
provide a reference(s).
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
Dans le cas où l'Acheteur aura failli à une quelconque
obligation de payer pendant plus de quinze (15) jours,
le Vendeur pourra : (i) retarder l'expédition de tout
produit commandé par l'Acheteur jusqu'à complet
paiement ; et (ii) demander à l'Acheteur le paiement
immédiat de tout produit supplémentaire commandé
par l'Acheteur avant tout envoi.
6.
Buyer will accept, as full
and complete performance by Seller, deliveries in
accordance with such determinations as Seller may
make.