https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include disruptions, uncertainty or volatility in the credit markets that could adversely
impact the availability of credit already arranged and the availability and cost of credit in the
future; the effect on foreign operations of currency fluctuations, tariffs and other political,
economic and regulatory risks; the current and potential future impact of the COVID-19
pandemic on our business, results of operations, financial position or cash flows including
without any limitation, any supply chain and logistics issues; our ability to achieve the strategic
and other objectives relating to the acquisition of Clariant's Masterbatch business, including any
expected synergies; changes in polymer consumption growth rates and laws and regulations
regarding plastics in jurisdictions where we conduct business; fluctuations in raw material
prices, quality and supply, and in energy prices and supply; production outages or material
costs associated with scheduled or unscheduled maintenance programs; unanticipated
developments that could occur with respect to contingencies such as litigation and
environmental matters; an inability to achieve the anticipated financial benefit from initiatives
related to acquisition and integration working capital reductions, cost reductions and employee
productivity goals; our ability to pay regular quarterly cash dividends and the amounts and
timing of any future dividends; information systems failures and cyberattacks; our ability to
consummate and successfully integrate acquisitions; and amounts for cash and non-cash
charges related to restructuring plans that may differ from original estimates, including because
of timing changes associated with the underlying actions.
Financial information
referenced here is provided to aid in reconciling back to the most comparable GAAP figures.
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Purchase price multiple rapidly
declining on strength of business and
synergy capture
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
($ in millions)
12
SEM
CAI
Avient
• Composites and Outdoor High Performance
applications drove positive mix within SEM
• Clariant Masterbatch synergy realization under
way and expected to drive further margin
expansion in 2021
• Portfolio transformation to high growth end
markets with focus on sustainable solutions
megatrend
EBITDA MARGIN EXPANSION
Distribution
15.2%
17.6%
11.1%
12.1%
6.4% 6.3%
15.2%
16.2%
(2)
(2) Total company reflects adjusted EBITDA margins
SPOTLIGHT: COMPOSITES
13
• SEM delivers a record year in 2020 – 13%
operating income growth and over 200 bps
in margin expansion year-over-year
• Prior investments in composites platform
and outdoor high performance applications
paying off, resulting in substantial growth
over the last two years
SEM
Operating
Income
(OI % of Sales)
($ in millions)
$(0.1) $(1.0)
$2.2
$19.1
$26.8
2016 2017 2018 2019 2020
Composites
Performance
(Operating Income)
$83.7
$94.4
2019 2020
(11.2%)
(13.3%)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9 1.0
11 12 13 14 15 16 17 18 19 20
$19
$160
$338
2011 2019 2020
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
11 12 13 14 15 16 17 18 19 20 21E
FREE CASH FLOW AND CAPITAL ALLOCATION
14
Free Cash Flow Dividends Share Repurchases Deleveraging
3.5x
2.7x
2019PF 2020PF
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
e
r
sh
ar
e
Cash Generation
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$350MM
PAID OVER LAST 10 YEARS
~$338MM 2.7x
NET LEVERAGE
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
GREAT PLACE TO WORK!
We will deliver for our stakeholders through multiple value creation levers—many of
which are unique to Avient:
o Demand for sustainable solutions, healthcare, and composites, together with Clariant
Masterbatch revenue synergies, that will drive 2021 revenue growth of 8% and long-term growth
in excess of GDP
o Clariant Masterbatch cost synergy capture will result in significant near-term benefit
In addition, we remain committed to increasing annual dividends in line with earnings growth and
opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include the impact the COVID-19 pandemic has on our business, results from
operations, financial condition and liquidity; our ability to achieve the strategic and other
objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected
synergies; disruptions, uncertainty or volatility in the credit markets that could adversely impact
the availability of credit already arranged and the availability and cost of credit in the future; the
effect on foreign operations of currency fluctuations, tariffs and other political, economic and
regulatory risks; changes in polymer consumption growth rates and laws and regulations
regarding plastics in jurisdictions where we conduct business; changes in global industry
capacity or in the rate at which anticipated changes in industry capacity come online;
fluctuations in raw material prices, quality and supply, and in energy prices and supply;
production outages or material costs associated with scheduled or unscheduled maintenance
programs; unanticipated developments that could occur with respect to contingencies such as
litigation and environmental matters; our ability to continue to pay cash dividends including at
the increased rate; an inability to raise or sustain prices for products or services; an ability to
achieve or delays in achieving or achievement of less than the anticipated financial benefit from
initiatives related to acquisitions and integration, working capital reductions, costs reductions
and employee productivity goals; information systems failures and cyberattacks; and other
factors affecting our business beyond our control, including, without limitation, changes in the
general economy, changes in interest rates and changes in the rate of inflation.
Financial information
referenced here is provided to aid in reconciling back to the most comparable GAAP figures.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows including without any limitation, any supply chain and logistics issues
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• An inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Our ability to consummate and successfully integrate acquisitions;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2020 under Item 1A, “Risk Factors.”
We will deliver for our stakeholders through multiple value creation levers—many of
which are unique to Avient:
o Demand for sustainable solutions, healthcare, and composites, together with Clariant Masterbatch
revenue synergies, that will drive long-term revenue growth in excess of GDP
o Clariant Masterbatch cost synergy capture will result in significant near-term benefit
In addition, we remain committed to increasing annual dividends in line with earnings growth and
opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without any limitation, any supply chain and logistics issues;
• Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2020 under Item 1A, “Risk Factors.”
We will deliver for our stakeholders through multiple value creation levers—many of
which are unique to Avient:
o Demand for sustainable solutions, healthcare, and composites, together with Clariant Color
revenue synergies, that will drive long-term revenue growth in excess of GDP
o Clariant color cost synergy capture will result in significant near-term benefit
In addition, we remain committed to increasing annual dividends in line with earnings growth and
opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include
disruptions, uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged and the availability and cost of credit in the future; the effect
on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory
risks; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows including without any limitation, any supply chain
and logistics issues; changes in polymer consumption growth rates and laws and regulations
regarding plastics in jurisdictions where we conduct business; fluctuations in raw material prices,
quality and supply, and in energy prices and supply; production outages or material costs
associated with scheduled or unscheduled maintenance programs; unanticipated developments
that could occur with respect to contingencies such as litigation and environmental matters; our
ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
information systems failures and cyberattacks; and amounts for cash and non-cash charges
related to restructuring plans that may differ from original estimates, including because of timing
changes associated with the underlying actions.
Financial information referenced
here is provided to aid in reconciling back to the most comparable GAAP figures.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without any limitation, any supply chain and logistics issues;
• Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2020 under Item 1A, “Risk Factors.”
We will deliver for our stakeholders through multiple value creation levers—many of
which are unique to Avient:
o Demand for sustainable solutions, healthcare, and composites, together with Clariant Color
revenue synergies, that will drive long-term revenue growth in excess of GDP
o Clariant color cost synergy capture will result in significant near-term benefit
In addition, we remain committed to increasing annual dividends in line with earnings growth and
opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include
disruptions, uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged and the availability and cost of credit in the future; the effect
on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory
risks; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows including without any limitation, any supply chain
and logistics issues; our ability to achieve the strategic and other objectives relating to the
acquisition of Clariant's Color business, including any expected synergies; changes in polymer
consumption growth rates and laws and regulations regarding plastics in jurisdictions where we
conduct business; fluctuations in raw material prices, quality and supply, and in energy prices
and supply; production outages or material costs associated with scheduled or unscheduled
maintenance programs; unanticipated developments that could occur with respect to
contingencies such as litigation and environmental matters; an inability to achieve the anticipated
financial benefit from initiatives related to acquisition and integration working capital reductions,
cost reductions and employee productivity goals; our ability to pay regular quarterly cash
dividends and the amounts and timing of any future dividends; information systems failures and
cyberattacks; our ability to consummate and successfully integrate acquisitions; and amounts for
cash and non-cash charges related to restructuring plans that may differ from original estimates,
including because of timing changes associated with the underlying actions.
Financial information
referenced here is provided to aid in reconciling back to the most comparable GAAP figures.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Unlawful price discrimination can occur when a
seller charges one customer one price for a product,
but requires another customer who competes with
the first to pay a higher price for the same product.
In other words, do not just “slip
out the back door.”)
https://www.avient.com/sites/default/files/2020-07/avient-abac-canada-200720.pdf
Bien que les
lois varient d’un pays à l’autre, elles rendent illégale toute
forme de corruption et obligent les entreprises à tenir des
livres, des registres et des comptes suffisamment détaillés.
Il est important de respecter les lois concernant la LC dans
chaque pays où nous exerçons nos activités et de faire
preuve de plus de vigilance et d’attention lorsque nous
traitons avec ou dans des pays où le risque de corruption
peut être plus élevé.
Vous pouvez faire
une demande d’enquête ou déposer une plainte à partir
de ce site Web, ou en appelant le service d’assistance
tiers à l’un des numéros de téléphone propres à chaque
pays figurant sur le site Web.