https://www.avient.com/sites/default/files/2020-08/avient-investor-presentation-jefferies-industrials-conference.pdf
Avient Corporation 1
JEFFERIES VIRTUAL
INDUSTRIALS
CONFERENCE
A U G U S T 2 0 2 0
Avient Corporation 2
FORWARD LOOKING STATEMENTS
Avient Corporation 3
USE OF
NON-GAAP
MEASURES
Avient Corporation 4
UPDATE ON THE
COVID-19 PANDEMIC
Avient Corporation 5
2019 Transportation Consumer
Discretionary
Healthcare Packaging All Other
Industries
Cost
Containment
FX 2020
$64.3 18%
16% 2%
$46.9
SECOND QUARTER 2020 IN REVIEW
Consumer
Discretionary
Avient Corporation 6
CLARIANT MASTERBATCH
STRATEGIC RATIONALE
Avient Corporation 7
FIT W I T H FOUR PILLAR S T R A T E G Y
Specialization
Globalization
Operational
Commercial
People
Avient Corporation 8
2006 2019E PF*
2006 2019E PF*
38%
* 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business
Percentage of Total Revenue
E N D M A R K E T T R A N S F O R M A T I O N
Building & Construction High Growth End Markets
50%
22%
Avient Corporation 9
Electronic
38%
18%Transportation
Building &
Constrution
Electrial &
Electronic
2006 Pro Forma(1)
Net Sales by End Market
E N D M A R K E T T R A N S F O R M A T I O N
Avient Corporation 10
U N I F I E D F O C U S O N S U S T A I N A B I L I T Y
2006 - 2013
2013 – 2019
PEOPLE
PROD UC TS PLANET
PER FOR M A NC E
Avient Corporation 11
O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y
46%
66%
0%
40%
60%
80%
100%
2005 2010 2015 Pro Forma
%
o
f
A
d
ju
s
te
d
E
B
IT
D
A
(
1)
JVs Performance Products & Solutions Distribution Specialty
87%
(2)
Avient Corporation 12
T H E N E W A V I E N T : A S P E C I A L T Y G R O W T H C O M P A N Y
Transaction expected to add $0.85 to pro forma adjusted EPS
Avient Corporation 13
SUSTAINABILITY AT AVIENT
P E O P L E , P R O D U C T S , P L A N E T , P E R F O R M A N C E
Avient Corporation 13
Avient Corporation 14
V I S I O N
To be the world’s
premier provider of
specialized polymer
materials, services and
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Commercial
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and sustainable
Avient Corporation 15
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
0.56
0.14
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
YTD
S A F E T Y F I R S T
Injuries per 100 Workers
Spartech
Acquisition
Avient Corporation 16
G R E A T P L A C E T O W O R K
Avient Corporation 17
C O M M O D I T Y T O S P E C I A L T Y T R A N S F O R M A T I O N
2006 - 2013 2013 – 20192000-2005 2006 - 2013
2020 and
Beyond
Avient Corporation 18
A V I E N T
2 0 1 9 R E V E N U E | $ 2 . 9 B I L L I O N
Segment End Market Geography
Wire & Cable
Building &
Electrical &
Electronics
Color
Additives
& Inks
34%
Distribution
41%
Specialty
Engineered
Materials
25%
United States
54%
Latin
America
Avient Corporation 19
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 14.7%
Specialty Engineered
Materials
1.1% 11.6%
Distribution 2.6% 6.3%
2009 2010 2011 2012 2013 2014 2015 2016*2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
10
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
A D J U S T E D E P S E X P A N S I O N
2018 2019
$1.69
$1.51
Avient Corporation 20
531
710
1,032
130
164
207
504
663
871
2014 2018 Pro Forma
R&D / Technical Marketing Sales
+ 34%
+ 26%
+ 32%
E X P A N S I O N O F COMMERCIAL RESOURCES D R I V I N G G R O W T H
Revenue in Billions
Total
+ 10%
Organic
+ 7%+ 45%
+ 26%
+ 31%
$4.0
$3.2
(2) (1) (1)
$2.9 $2.9
$3.5
2015 2016 2017 2018 Pro
Forma
Total
+ 9%
Organic
+ 5%
Pro Forma(2)
Avient Corporation 21
P R I O R A C Q U I S I T I O N S H I S T O R Y
Commercial
Resources(1)
Operating
Income
($ in millions)
Operating
Margins
256
350
$36
$100
Established Acquisitions
(> 7 years)
+ 37% + 176% + 1000 bps
Avient Corporation 22
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
Facilitate
alternative
energy
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
Avient Corporation 23
I N N O V A T I O N
Customization
55%
M&A
30%
Innovation
Pipeline
Innovation comes from Research & Development Spend
Vitality Index
37%
$20
$51
Avient Corporation 24
R E V E N U E F R O M S U S T A I N A B L E S O L U T I O N S
$275M
$325M
$355M
$410M 14% Total Annual Growth
9% Organic Annual Growth
Avient Corporation 25
SEGMENT
HIGHLIGHTS
I N N O V A T I N G W I T H A V I E N T
Avient Corporation 25
Avient Corporation 26
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
31%
Building & Construction
Appliances
Electrical & Electronics
Avient Corporation 26
Avient Corporation 27
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 9 R E V E N U E | O V E R $ 1 B I L L I O N
34%
United
States
44%
Mexico
South
America
$4
$25
$104
$147
0.9%
5.5%
12.2%
14.7%
Avient Corporation 27
Avient Corporation 28
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
E N D M A R K E T S & S O L U T I O N S
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Wire & Cable*
28%
Electrical & Electronics
Building &
Construction
Avient Corporation 28
Avient Corporation 29
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 9 R E V E N U E | $ 7 5 0 M I L L I O N
27%
United
States
54%
17%
$21
$57
$87
0.1%
5.1%
9.3%
11.6%
Avient Corporation 29
Avient Corporation 30
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
28%
17%
Electrical &
Electronics
Building &
Operating Income & Margin2019 Revenue | $1.2 Billion
$25
$63
$75
$20
2.9%
4.0%
5.9%
6.3%
Avient Corporation 30
http://www.avient.com/Pages/VariationRoot.aspx
Avient Corporation 31
O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S
Avient Corporation 31
Avient Corporation 32
Avient Corporation 33
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018***
Q1
2019*** 2019
Q1
2020
Net income from continuing operations attributable to PolyOne
common shareholders
Joint venture equity earnings, after tax
Special items, before tax
Special items, tax adjustments
Adjusted net income from continuing operations attributable to
PolyOne common shareholders
$ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 22.4 $ 75.5 $ 33.1
(19.0) (14.7) (3.7) — — — — — — — — — — —
(48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 12.2 61.7 9.6
(27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (1.2) (5.9) (1.0)
$ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 33.4 $ 131.3 $ 41.7
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 78.2 77.7 86.7
Adjusted EPS attributable to PolyOne common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 0.43 $ 1.69 $ 0.48
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation.
** Pro forma for sale of Designed Structures and Solutions segment (DSS).
*** Pro forma for sale of Performance Products and Solutions segment (PP&S).
Adjusted EPS attributable to Avient common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018*** 2019 Q2 2020
Net income from continuing operations attributable to Avient common
shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 75.5 $ 23.0
Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — — — — — —
Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 61.7 2.4
Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (5.9) 0.2
Adjusted net income from continuing operations attributable to Avient
common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 131.3 $ 25.6
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 77.7 91.8
Adjusted EPS attributable to Avient common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 1.69 $ 0.28
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation.
** Pro forma for sale of Designed Structures and Solutions segment (DSS).
*** Pro forma for sale of Performance Products and Solutions segment (PP&S).
Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering and May 2020 Debt Offering
Three Months Ended
June 30, 2020
Net income from continuing operations attributable to Avient common shareholders $ 23.0
Special items, after tax(1) 2.6
After tax interest expense, net arising from equity offering and debt offering proceeds 4.1
Adjusted net income excluding special items and impact of interest expense, net arising from equity offering and debt offering proceeds $ 29.7
Diluted weighted-average shares used to compute earnings per common share 91.8
Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (15.3)
Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 76.5
Adjusted EPS excluding special items and impact of equity offering and debt offering $ 0.39
(1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures,
including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement
gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance
recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or
disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect
of changes in accounting principles or other such laws or provisions affecting reported results.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Swedish.pdf
För mer information om hur Avient
bearbetar er personliga information för dessa tjänster och tredjepartswebbplatser, var god besök Avient
Corporations sekretessmeddelande, som är tillgängligt på https://www.avient.com/company/policies-and-
governance/avient-corporation-privacy-statement).
Den lokala Avient-entiteten i den jurisdiktion där ni ansöker om en befattning kommer att fungera som
registeransvarig med avseende på er personliga information.
1.
Giltighetsdatum: 1 augusti, 2020
mailto:PRIVACY.OFFICER@AVIENT.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@AVIENT.COM
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Russian.pdf
Местное представительство Avient в юрисдикции, в которой вы претендуете на вакансию, будет
действовать в качестве оператора персональных данных в отношении вашей личной информации.
1.
Вы обязаны использовать соответствующий уровень предосторожности при общении
https://edpb.europa.eu/about-edpb/board/members_en
с нами.
Дата вступления в силу: 1 августа 2020 г.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Dutch.pdf
Voor meer
informatie over hoe Avient uw persoonlijke gegevens voor deze diensten en websites van derden verwerkt,
kunt u de privacyverklaring van Avient Corporation raadplegen die beschikbaar is op
https://www.avient.com/company/policies-and-governance/avient-corporation-privacy-statement).
De lokale Avient-entiteit in het rechtsgebied waar u naar een functie solliciteert, zal als gegevensbeheerder
met betrekking tot uw persoonlijke gegevens optreden.
1.
Datum van inwerkingtreding: 1 augustus 2020
mailto:PRIVACY.OFFICER@AVIENT.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@AVIENT.COM
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Polish.pdf
Lokalny podmiot Avient działający na obszarze, w którym Kandydat ubiega się o stanowisko, będzie
działał jako administrator danych osobowych Kandydata.
1.
Data wejścia w życie: 1 sierpnia 2020 r.
mailto:PRIVACY.OFFICER@POLYONE.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@POLYONE.COM
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_ITA2.pdf
subject=
http://
http://avient.com
Non ritorsione
Avient non tollererà ritorsioni nei confronti di chi, in buona fede, chiede
consiglio, solleva un dubbio, segnala cattive condotte o fornisce
informazioni durante un’indagine su una sospetta violazione del codice
di condotta.
subject=
http://avient.com/sustainability
https://www.avient.com/company/sustainability/sustainability-report/products/no-surprises-pledge-0
D: il mio supervisore mi ha chiesto di seguire una nuova
procedura di smaltimento dei rifiuti ma non sono certo che sia
sicura o addirittura legale.
IL NOSTRO CODICE DI
INTEGRITÀ NELLA
RESPONSABILITÀ
CODICE DI CONDOTTA | 30
Nord America
Sede globale
Avon Lake, Stati Uniti
33587 Walker Road
Avon Lake, Ohio, Stati Uniti
44012
Numero verde: +1 866 765 9663
Telefono: +1 440 930 1000
Fax: +1 440 930 3064
Asia Pacifico
Sede regionale
Shanghai, Cina
2F, Block C 200 Jinsu Road
Pudong, 201206 Shanghai, Cina
Telefono: +86 (0) 21 6028 4888
Fax: +86 (0) 21 6028 4999
America del Sud
Sede regionale
San Paolo, Brasile
Av.
https://www.avient.com/sites/default/files/2020-07/avient-abac-hindi-200721.pdf
Avient की वैश्विक
रिश्वतखोरी-रोधी एवं
भ्रष्टाचार-रोधी नीति
जारी कि या: 1 ज लुाई, 2020
वि षय-सचूी
हमारी वैश्विक रिश्वतखोरी-रोधी एवं भ्रष्टाचार-रोधी नीति 1
अनुपालन का महत्त्व 1
हमारी ज़िम्मेदारी 1
रिश्वत क्या है?
Avient की बहियों और अभिलेखों में भ्रामक, अपूर्ण या मिथ्या प्रविष्टियां करना
• तृतीय पक्षों के साथ कार्य-व्यवहार करते समय खतरे के संकेतों को नज़र-अंदाज़ करना
उत्तरी अमेरिका
वैश्विक मुख्यालय एवन लेक, संयुक्त
राज्य अमेरिका
33587 वॉकर रोड एवन लेक, OH,
संयुक्त राज्य अमेरिका
44012
टोल फ्री: +1 866 765 9663
फोन: +1 440 930 1000
फैक्सः +1 440 930 3064
एशिया प्रशांत
प्रक्षेत्रीय मुख्यालय शंघाई, चीन
2F, ब्लॉक C 200 जिन्सू रोड
पुडोंग, 201206 शंघाई, चीन
दूरभाष: +86 (0) 21 6028 4888
फैक्सः +86 (0) 21 6028 4999
दक्षिण अमेरिका
प्रक्षेत्रीय मुख्यालय साओ पॉलो,
ब्राज़ील
Av.
फ्रांसिस्को नाकासटो, 1700
13295-000 इटुपेवा साओ पॉलो,
ब्राज़ील
दूरभाष: +55 11 4593 9200
यूरोप
प्रक्षेत्रीय मुख्यालय पोमरलोक,
लक्समबर्ग
19 रूट दे बास्टोग्ने पोमरलोक,
लक्समबर्ग, L-9638
दूरभाष: +352 269 050 35
फैक्सः +352 269 050 45
www.avient.com
http://www.avient.com
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
Política Global
contra el Soborno
y la Corrupción
de Avient
Emitida: 1 de julio de 2020
Nuestra Política Global contra el Soborno y la Corrupción 1
Importancia del cumplimiento 1
Nuestra responsabilidad 1
¿Qué es un soborno?
Ofrecer algo de valor no debe confundirse
con gastos ilícitos, razonables y limitados
para obsequios, divertimento comercial y
otras actividades legítimas directamente
relacionadas con la realización de las
actividades comerciales de Avient. 1
1 Remítase a la sección de Obsequios y Atenciones del Código de Conducta
de Avient y nuestra Política de Obsequios y Atenciones para determinar si está
permitido el gasto propuesto.
Francisco Nakasato, 1700
13295-000 Itupeva São Paulo, Brasil
Teléfono: +55 11 4593 9200
Europa
Sede regional de Pommerloch,
Luxemburgo
19 Route de Bastogne Pommerloch,
Luxemburgo, L-9638
Teléfono: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
http://www.avient.com
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_elastomers_for_overmolding_applications.pdf
Sehyun Kim
1.
mailto:info@glscorp.com
http://www.glscorp.com/
TPE chemistry and the type of engineering plastic play a critical role in influencing wettability.
REFERENCES
1.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-chn-a4.pdf
1.
道德热线
https://www.Avient.com/company/policies-and-
governance/ethics-hotline
电话
1-877-228-5410
6
mailto:ethics.officer%40avient.com%20%20%20?
subject=
http://avient.ethicspoint.com
http://www.Avient.com/company/policies-and-governance/ethics-hotline
http://www.Avient.com/company/policies-and-governance/ethics-hotline
1.