https://www.avient.com/sites/default/files/2022-09/Avient Pro Forma Financial Information.pdf
Additionally, Adjusted EPS excludes the impact of special
items and amortization expense associated with intangible assets.
2
PRO FORMA 2021 TO 2022 BRIDGE
3
2021 EPS from Continuing Operations 1.69$
Pro Forma & Special Items 1.33
Proforma 2021 Adjusted EPS 3.02$
FX Impact (0.22)
China Lockdowns / Russia Import Sales (0.24)
Outdoor High Performance (0.13)
Dyneema 0.06
Color, Additives and Inks 0.38
Legacy Specialty Engineered Materials 0.22
Other 0.01
Proforma 2022 Adjusted EPS 3.10$
COLOR, ADDITIVES AND INKS
7% (4%) (9%)
6% (10%)
0% 1%
2%
7%
10% 4% (3%)
12% (6%)
5% 6%
9%
610 650 624 649 587 565 581 526
2,402 2,390
589 650 589 649 543 565 545 526
2,266 2,390
116 121 112 119 93 95 88 79
409 414
113 121 106 119 87 95 84 79
390 414
10%
4
(1%)
PRO FORMA SPECIALTY ENGINEERED MATERIALS
16%8% (8%) (8%) 3% (6%) (6%)
(2%) 2%
20%12% (1%) (2%) 5% (1%) (2%)
3% 6%
314 338 348 343 325 300 321 295
1,308 1,276
303 338 329 343 303 300 301 295
1,236 1,276
67 78 75 77 70 66 66 62
278 283
65 78 73 77 67 66 63 62
268 283
5
Constant Currency Adjusted EPS
Adjusted EPS
PRO FORMA AVIENT
10% (3%) (21%)
3%
9% 5%
7% (5%) (9%)
(1%)
(1%) (12%)
1%
17% 8% (14%)
11%
14% 10%
11% 2% (3%)
5%
8% (5%)
7%
925 987 973 992 912 867 902 823
3,712 3,669
893 987 919 992 847 867 845 823
3,504 3,669
161 176 164 172 142 141 133 117
600 606
155 176 157 172 131 141 123 117
566 6068%
2%
0.84 0.98 0.87 0.96 0.70 0.68 0.61 0.48
3.02 3.10
0.79 0.98 0.82 0.96 0.63 0.68 0.56 0.48
2.80 3.10
17%
24%
6
March 31, 2022
March 31, 2021
Net income from continuing operations $ 64.7 $ 60.4
Net income attributable to noncontrolling interests (0.3) (0.4)
Net income from continuing operations attributable to Avient shareholders $ 64.4 $ 0.70 $ 60.0 $ 0.65
Special items, after tax $ 6.4 $ 0.07 $ 2.6 $ 0.03
APM pro forma adjustments 2.6 0.03 (3.1) (0.03)
Amortization expense, after tax 17.4 0.19 17.9 0.19
Adjusted pro forma net income / EPS $ 90.8 $ 0.98 $ 77.4 $ 0.84
Weighted average diluted shares 92.3 92.2
June 30, 2022
June 30, 2021
Net income from continuing operations $ 62.8 $ 50.2
Net income attributable to noncontrolling interests — (0.6)
Net income from continuing operations attributable to Avient shareholders $ 62.8 $ 0.68 $ 49.6 $ 0.54
Special items, after tax $ 3.2 $ 0.03 $ 11.7 $ 0.13
APM pro forma adjustments 5.2 0.06 1.4 0.02
Amortization expense, after tax 17.2 0.19 17.8 0.19
Adjusted pro forma net income / EPS $ 88.4 $ 0.96 $ 80.5 $ 0.87
Weighted average diluted shares 92.1 92.4
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income Avient EPS
Net income from continuing operations $ 33.4
Net income attributable to noncontrolling interests 0.3
Net income from continuing operations attributable to Avient shareholders $ 33.7 $ 0.37
Special items, after tax $ 11.7 $ 0.13
APM pro forma adjustments 1.5 0.02
Amortization expense, after tax 17.6 0.19
Adjusted pro forma net income / EPS $ 64.5 $ 0.70
Weighted average diluted shares 92.2
Adjusted EPS may not recalculate due to rounding.
1
December 31, 2021
Year Ended
December 31, 2021
Net income from continuing operations $ 11.2 $ 155.2
Net income attributable to noncontrolling interests 0.9 0.2
Net income from continuing operations attributable to Avient shareholders $ 12.1 $ 0.13 $ 155.4 $ 1.69
Special items, after tax $ 24.0 $ 0.26 $ 50.0 $ 0.54
APM pro forma adjustments 2.5 0.03 1.6 0.02
Amortization expense, after tax 17.8 0.19 71.1 0.77
Adjusted pro forma net income / EPS $ 56.4 $ 0.61 $ 278.1 $ 3.02
Weighted average diluted shares 92.4 92.1
Reconciliation of Color, Additives and Inks EBITDA
Operating
Income 88.8 86.3 66.8 61.2 303.1 94.5 93.6
Depreciation and
amortization 27.4 25.3 26.6 26.4 105.7 26.0 25.9
EBITDA $ 116.2 $ 111.6 $ 93.4 $ 87.6 $ 408.8 $ 120.5 $ 119.5
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 32.6 9.1 41.7 35.8 13.9 49.7 30.0 15.2 45.2
Depreciation and
amortization 7.8 17.5 25.3 8.1 17.3 25.4 7.9 17.1 25.0
EBITDA $ 40.4 $ 26.6 $ 67.0 $ 43.9 $ 31.2 $ 75.1 $ 37.9 $ 32.3 $ 70.2
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 27.1 11.7 38.8 125.5 49.9 175.4
Depreciation and amortization 8.0 18.9 26.9 31.8 70.8 102.6
EBITDA $ 35.1 $ 30.6 $ 65.7 $ 157.3 $ 120.7 $ 278.0
2
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Operating Income 38.3 15.4 53.7 35.2 17.7 52.9
Depreciation and amortization 7.8 16.6 24.4 7.7 16.6 24.3
EBITDA $ 46.1 $ 32.0 $ 78.1 $ 42.9 $ 34.3 $ 77.2
Q1 2021 Q2 2021 Q3 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from
continuing operations 60.4 (3.1) 57.3 50.2 1.4 51.6 33.4 1.5 34.9
Income tax expense 16.3 1.1 17.4 13.8 1.3 15.1 2.0 2.5 4.5
Interest expense 19.3 11.1 30.4 19.5 11.2 30.7 19.0 11.2 30.2
Depreciation and
amortization 36.9 17.5 54.4 33.6 17.3 50.9 36.6 17.1 53.7
EBITDA 132.9 26.6 159.5 117.1 31.2 148.3 91.0 32.3 123.3
Special items, before
tax 2.4 — 2.4 14.2 — 14.2 19.9 — 19.9
Depreciation included
in special items (0.6) — (0.6) 1.4 — 1.4 (0.9) — (0.9)
Adjusted EBITDA $ 134.7 $ 26.6 $ 161.3 $ 132.7 $ 31.2 $ 163.9 $ 110.0 $ 32.3 $ 142.3
Q4 2021 YTD 2021
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 11.2 2.5 13.7 155.2 1.6 156.8
Income tax expense 16.2 (1.9) 14.3 48.3 3.7 52.0
Interest expense 17.5 11.1 28.6 75.3 44.6 119.9
Depreciation and amortization 37.9 18.9 56.8 145.0 70.8 215.8
EBITDA 82.8 30.6 113.4 423.8 120.7 544.5
Special items, before tax 20.6 — 20.6 57.1 — 57.1
Depreciation included in special items (1.6) — (1.6) (1.7) — (1.7)
Adjusted EBITDA $ 101.8 $ 30.6 $ 132.4 $ 479.2 $ 120.7 $ 599.9
3
Q1 2022 Q2 2022
Pro
forma
Pro
forma
Pro
forma
Pro
forma
Net income from continuing operations 64.7 2.6 67.3 62.8 5.2 68.0
Income tax expense 20.0 1.7 21.7 22.7 1.4 24.1
Interest expense 16.9 11.1 28.0 16.2 11.1 27.3
Depreciation and amortization 37.6 16.6 54.2 36.3 16.6 52.9
EBITDA 139.2 32.0 171.2 138.0 34.3 172.3
Special items, before tax 6.6 — 6.6 0.9 — 0.9
Depreciation included in special items (2.1) — (2.1) (1.1) — (1.1)
Adjusted EBITDA $ 143.7 $ 32.0 $ 175.7 $ 137.8 $ 34.3 $ 172.1
Reconciliation of Specialty Engineered Pro Forma Sales
Sales 214.7 238.9 231.7 226.3 911.6 243.1 242.3
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 313.6 $ 347.7 $ 325.5 $ 321.2 $ 1,308.0 $ 337.9 $ 342.8
Reconciliation of Avient Pro Forma Sales
Sales 826.0 864.5 818.0 807.1 3,315.6 892.2 891.0
Pro forma APM 98.9 108.8 93.8 94.9 396.4 94.8 100.5
Pro forma sales $ 924.9 $ 973.3 $ 911.8 $ 902.0 $ 3,712.0 $ 987.0 $ 991.5
4
IR Slides
V17 - 9.26 324pm IR Deck - AVNT-2022.09.27 Pre Release v2
https://www.avient.com/news/keep-deep-colors-vivid-outdoor-environments-geon-bold-vinyl-solutions
Homepage
//
News Center
//
Keep Deep Colors Vivid in Outdoor Environments with Geon™ Bold Vinyl Solutions
Capstock made from Geon Bold material is a cost effective alternative to painting, capping or laminating with materials such as fluoropolymers.
Caption: Decking and railings from Geon™ Bold vinyl capstock display rich, dark color that stands up to the elements.
https://www.avient.com/news/polyone-highlights-new-geon-cellular-vinyl-plastics-extrusion-world-expo
Homepage
//
News Center
//
PolyOne Highlights New Geon™ Cellular Vinyl at Plastics Extrusion World Expo
In addition to Geon Cellular Vinyl, PolyOne will be showcasing several other technologies at the Expo, including:
Additionally, Kristin Meyers, Geon senior industry manager for PolyOne, will be presenting ‘Solutions in Dark Color Outdoor Architectural Applications’ on May 8 in the Pipe & Profile Theater at the event.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Welcome%2520and%2520Introduction.pdf
Newlin
Page 6
Today’s Objectives
• Clear understanding of our mix
improvement strategy
• Instill confidence in PolyOne as a
growth companygrowth company
• Provide exposure and build relationships
with our exceptional management team
Unveiling of 2015 Performance Targets
Page 7
• Geon and M.A.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Specialization.pdf
McAlindon
(24) Page 24
Award-Winning Marketing Campaign
Page 25
2012 Range Rover Evoque Interior
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
Page 26
KOR Delta Hydration Vessel
• Specialty TPE formulation
overcame performance issues
• Eliminated secondary assembly
process for increased
operational efficiency
Interior
seal
Flip-top
seal
Bottom
ring
Page 27
Friedrich Kühl® Decorative Air Conditioner Housing
• Replaced painted ABS
housing with Geon™ solution
• Reduced operating noise
• Simplified manufacturing
footprint to drive significant
cost savings
Page 28
• Focused on markets with high
growth and profit potential
• Leveraging our in-depth
knowledge of formulation
Focused Efforts in Attractive Industry Segments
$113
$260
Healthcare
and processing to develop
market driven solutions
• Aligning resources across the
organization to drive growth
in target markets $152
$228
2006 2011
Sustainable Solutions
(Revenue in $ millions)
2006 2011
2006 2011
2006 2011
Page 29
• Design service collaboration
• Doubled productivity and
improved yield rates
• Substantial reduction in
overall manufacturing costs
Pulmonary Device
Page 30
Innovating for the future…
Rejuvenate a mature industry with new
products and processes
Products designed for “next life” instead of
“end life”
Plastics: Key to Future Sustainable Development
…Making a difference today!
https://www.avient.com/sites/default/files/resources/AquaMix-_Fact_Sheet__72831-B_%25281%2529.pdf
Accelerator Dispersions
DPG Aquamix 165 50 1, 3 Diphenylguanidine
DPTT (DPTH) Aquamix 122 50 Dipentamethylenethiuram Hexasulfide
MBT Aquamix 305 50 2-mercaptobenzothiazole
MBTS Aquamix 111 50 Benzothiazyldisulfide
TETD Aquamix 181 50 Tetraethylthiuram Disulfide
TMTD Aquamix 121 55 Tetramethylthiuram Disulfide
TMTM Aquamix 179 50 Tetramethylthiuram Monosulfide
ZBEC Aquamix 167 40 Zinc Dibenzyldithiocarbamate
ZDBC Aquamix 129 50 Zinc Dibutyldithiocarbamate
ZDEC Aquamix 130 50 Zinc Diethyldithiocarbamate
ZDMC Aquamix 131 50 Zinc Dimethyldithiocarbamate
ZMBT Aquamix 128 50 Zinc 2-mercaptobenzothiazole
Aq
uam
ix ™
D
ispersio
ns
&
Em
ulsio
ns
AMERICAS
PolyOne Corporation
Polymer Coating Systems
1675 Navarre Rd.
Accelerator Dispersions
DPG Aquamix 165 50 1, 3 Diphenylguanidine
DPTT (DPTH) Aquamix 122 50 Dipentamethylenethiuram Hexasulfide
MBT Aquamix 305 50 2-mercaptobenzothiazole
MBTS Aquamix 111 50 Benzothiazyldisulfide
TETD Aquamix 181 50 Tetraethylthiuram Disulfide
TMTD Aquamix 121 55 Tetramethylthiuram Disulfide
TMTM Aquamix 179 50 Tetramethylthiuram Monosulfide
ZBEC Aquamix 167 40 Zinc Dibenzyldithiocarbamate
ZDBC Aquamix 129 50 Zinc Dibutyldithiocarbamate
ZDEC Aquamix 130 50 Zinc Diethyldithiocarbamate
ZDMC Aquamix 131 50 Zinc Dimethyldithiocarbamate
ZMBT Aquamix 128 50 Zinc 2-mercaptobenzothiazole
Aq
uam
ix ™
D
ispersio
ns
&
Em
ulsio
ns
AMERICAS
PolyOne Corporation
Polymer Coating Systems
1675 Navarre Rd.