https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Q 2 2021 P E RFO R MA N CE
U P DAT E
$69
$122
$0.42
$0.87
Q2 2021 – ORGANIC PERFORMANCE
4
Sales Adjusted Operating Income
$870
$1,235
+ 42%
+ 77% + 107%
(1) (1) (1)
Q2 2021 SEGMENT PERFORMANCE
5
CAI
$488
$624
($ in millions)
SEM Distribution
$54
$86
+28%
+59%
$239
$404
$15
$24
+69%
+60%
$159
$241
$17
$37
+52%
+118%
SPECIALTY EBITDA MARGIN EXPANSION
6
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
18.5%
2018 2019 2020 YTD 2021
14.8% 15.2%
17.6%
19.1%
2018 2019 2020 YTD 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
7
Legacy CAI
18.9% 18.9%
20.3%
2019 2020 YTD 2021
Legacy
11.9%
13.8%
16.8%
2019 2020 YTD 2021
• Synergy capture translating to the
bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 35%
represents sales from products
introduced in the last five years.
ColorWorks innovation centers are specially
designed to foster imagination and enable
creative exploration of innovative solutions
• Focus on customers’ sustainability initiatives
through recyclability and post-consumer
recycled materials for packaging applications
• Supports 8-12% long-term revenue growth
expectations across our sustainable solutions
portfolio
8
2020 Pro forma $870 $69
Sustainable Solutions 66 37% 26
Healthcare 29 20% 7
Composites 12 36% 6
Growth in Asia / LATAM 47 39% 11
Other 190 48% 22
Sub-total $1,214 40% $141
COVID Response Applications (15) (8)
FX Impact 36 4
Synergies 11
Incentives, Travel, Other Employee Costs (26)
2021 Actual $1,235 42% $122
Q2 2021 ORGANIC SALES AND OPERATING INCOME
9
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
10
Q2 2020PF Q2 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(44% of total revenue)
(56% of total revenue)
Q2 END MARKET SALES PERFORMANCE
+26%
+38%
+46%
+103%
+51%
+9%
+7%
+67%
Energy Telecom Building &
Transportation Industrial Healthcare Packaging Consumer
Q2 YEAR-OVER-YEAR EBITDA BRIDGE
Q2 2020 Pro forma $ 106
Demand 69
11
EBITDA$ millions
• Demand impact driven by
growth in sustainable
solutions and consumer
products
• Price increases more than
offset raw material and
supply chain impacts
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
CAI:
Price / Mix 40
Inflation (32)
SEM:
Price / Mix 23
Inflation (18)
Distribution:
Price / Mix 81
Inflation (77)
Net Price Benefit 17
Supply Chain Disruptions (14)
COVID Response Applications (8)
Synergies 11
Incentives, Travel, FX, Other (22)
Q2 2021 Actual $ 159
Q1 2021 Actual $ 161
CAI:
Price / Mix 32
Inflation (22)
SEM:
Price / Mix 15
Inflation (9)
Distribution:
Price / Mix 50
Inflation (48)
Net Price Benefit 18
Supply Chain Disruptions (12)
Demand / Seasonality (6)
Other (2)
Q2 2021 Actual $ 15912
EBITDA$ millions
• Price increases more than
offset raw material and
freight inflation impacts
• Demand impact driven by
Q2 seasonality for the
business
Q1 TO Q2 SEQUENTIAL EBITDA BRIDGE
Q 3 AN D FU LL Y EA R
2021 O U TLO O K
$74
$98
$0.46
$0.68
ORGANIC GROWTH PROJECTIONS – Q3
14
Sales Adjusted Operating Income
$925
$1,150
+ 24%
+ 32% + 48%
FULL YEAR GUIDANCE INCREASED
15
Sales Adj.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
23
Capex / Revenue
2021E (%)
AVIENT IS ASSET LIGHT
Avient Specialty
Other
2 2 2 2 3 3 3 4 3
4 4 5 5 5 5 5 6
7
27
e
nt
e
nt
(
xc
l.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
Refer to Attachment 7 Reconciliation of Non-GAAP Financial Measures
for details regarding adjustments to previously reported results to arrive to the pro forma financial
metrics.
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
mailto:giuseppe.disalvo@avient.com
mailto:kyle.rose@avient.com
7
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2021 2020 2021 2020
Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1
Operating Income 74.0 65.0 381.2 189.3
Net income from continuing operations attributable to Avient
shareholders 29.8 74.2 230.8 132.0
Basic earnings per share from continuing operations attributable to
Avient shareholders $ 0.33 $ 0.81 $ 2.53 $ 1.47
Diluted earnings per share from continuing operations attributable to
Avient shareholders $ 0.32 $ 0.81 $ 2.51 $ 1.46
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.
See
Attachment 3 for a definition and summary of special items and Attachment 7 for a summary of pro forma adjustments associated
with the Clariant Color Acquisition necessary to reflect Clariant Color adjusted results in all periods presented.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Antitrust Laws 2
Antitrust Law Violations 3
Antitrust Potential Areas of Concern 3
Conclusion 5
Reporting Possible Violations 6
Avient Ethics Hotline 6
Protection from Retaliation 6
Antitrust Checklist 7
Quick Reference: Antitrust DO’s and DON’Ts 9
Guide For Compliance
Avient is committed to promoting fair competition and
free enterprise in the marketplace.
Do not attend meetings with competitors (including
trade association gatherings) at which prices or any of
the foregoing subjects are discussed.
7.
Even in the
Antitrust Checklist
7
first instance, make every effort to verify and document
the competing price prior to offering a distributor a
lower price intended to meet that competitive price; do
not, however, attempt to verify the competing price by
contacting the competitor directly.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
If the parties
cannot agree upon and implement such changes within
sixty (60) days after such notice, Seller shall thereupon
have a right to terminate the relevant purchase order(s)
forthwith by written notice to Buyer.
7.
Si les parties ne
réussissent pas à se mettre d'accord à ce sujet pour
appliquer de tels changements dans les soixante (60)
jours suivant cette notification, le Vendeur aura alors
le droit de résilier la (les) commande(s) concernée(s)
immédiatement par notification écrite à l'Acheteur.
7.
PROTECTION DES DONNEES
L'Acheteur accepte par les présentes que toute donnée
- 7 -
PAI-376900v1
version shall prevail against the French version.
18.
https://www.avient.com/sites/default/files/2021-11/avient-design-ergonomic-design-guide.pdf
Five basic grip architectures, shown in Figure 7,
can be used as a starting point for selecting the
appropriate type of grip.
1.
Figure 7: Basic grip architectures
Ergonomic Grip Design Guide 7
CONTOURING involves shaping the grip to
complement the architecture and intuitively guide
the user to the proper posture and touchpoints.
Top 10 Rules for Overmolded Components
1. .Match the chemistry of the TPE to the substrate for optimized bonding
2. .For new component designs, flow ratios (L/T) should be between 80:1 – 120:1
3. .Incorporate air vents between 0.0005" and 0.001" along the perimeter and/or at the end of fill
4. .Incorporate good flow shutoffs to prevent flashing
5. .Add surface texture to prevent sticking and to mask aesthetic defects
6. .Use a rigid substrate for easy ejection from the mold
7. .Ensure the TPE layer is thick enough to ensure good bonding.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-esp-a4.pdf
Política global
antimonopolio
de Avient
Actualizada: febrero de 2021
Índice
Descripción general de la política 1
Descripción general de las leyes antimonopolio 2
Infracciones de leyes antimonopolio 3
Posibles áreas de preocupación antimonopolio 4
Conclusión 6
Informes de posibles infracciones 7
Línea Directa de Ética de Avient 7
Protección contra represalias 7
Lista de verificación antimonopolio 8
Referencia rápida: Qué hacer y qué no hacer en materia antimonopolio 10
Guía para el cumplimiento
Avient se compromete a fomentar la competencia
justa y la libre empresa en el mercado.
Línea Directa de Ética
https://www.Avient.com/company/policies-and-
governance/ethics-hotline
Teléfono en la Línea Directa de Ética:
1-877-228-5410
7
mailto:ethics.officer%40avient.com?
No asista a reuniones con la competencia (incluidos
encuentros de asociaciones comerciales) en las
que se debatan precios o cualquiera de los temas
anteriores.
7.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-rus-a4.pdf
Глобальная
антимонопольная
политика
компании Avient
Содержание
Общие сведения о политике 1
Общий обзор Антимонопольного законодательства США 2
Нарушения антимонопольного законодательства 3
Потенциальные проблемные области в сфере антимонопольного законодательства 3
Заключение 6
Фиксация возможных нарушений 7
Горячая линия по вопросам этики компании Avient 7
Защита от преследований 7
Контрольный список по соблюдению требований антимонопольного законодательства 8
Краткий справочник: Что следует и не следует делать в рамках антимонопольной политики 10
Руководство по нормативно-
правовому соответствию
Компания Avient привержена созданию
справедливой конкуренции и свободного
предпринимательства на рынке.
Горячая линия по вопросам этики компании
https://www.Avient.com/company/policies-and-
governance/ethics-hotline
телефону
1-877-228-5410
7
mailto:ethics.officer%40avient.com%20%20?
Не присутствуйте на встречах с конкурентами
(включая собрания торговых ассоциаций), где
обсуждаются цены или любые упомянутые выше
темы.
7.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-hun-a4.pdf
Az Avient globális
trösztellenes
szabályzata
Frissítve: 2021. február
Tartalomjegyzék
A szabályzat áttekintése 1
Az USA trösztellenes jogszabályainak áttekintése 2
A trösztellenes szabályok megsértése 3
Trösztellenes szempontból potenciálisan aggályos területek 4
Következtetés 6
Az irányelv lehetséges megsértéseinek jelentése 7
Avient etikai forródrót 7
Megtorlással szembeni védelem 7
Trösztellenes ellenőrzőlista 8
Gyors hivatkozás: Mit TEGYEN és mit NE TEGYEN a trösztellenes területen 10
Útmutató a megfelelőséghez
Az Avient elkötelezett a tisztességes verseny és a
szabad vállalkozás elősegítése iránt a piacon.
Etikai forródrót
https://www.Avient.com/company/policies-and-
governance/ethics-hotline
Telefonon:
1-877-228-5410
7
mailto:%20ethics.officer%40avient.com%20?
Semmiképpen ne vegyen részt versenytársakkal
(beleértve a szakmai szövetségeket is) tartott
találkozókon, ahol az árakat vagy a fenti témák
bármelyikét megvitatják.
7.
https://www.avient.com/sites/default/files/resources/Terms_and_Conditions_of_Sale_for_Finland_%2528English_Language_Version%2529.pdf
If the parties
cannot agree upon and implement such changes within sixty (60) days after such
notice, Seller shall thereupon have a right to terminate the relevant purchase
order(s) forthwith by written notice to Buyer.
7.
FORCE MAJEURE
Either party may suspend performance hereunder (except to pay for the Product
already received) in the event of: (1) acts of God, fire explosion, flood,
hurricanes; (2) strikes, lockouts or other industrial disturbances or riots; (3) war,
declared or undeclared; (4) compliance with any applicable law, regulation,
order, or rule, foreign or domestic, including but not limited to, export license
restrictions, priority, rationing, allocation or preemption orders or regulations, or
cancellation of Seller's or Buyer's license to operate its manufacturing facilities;
(5) shortage or other failure of facilities used for manufacture or transportation,
shortage of labor, power, fuel or raw materials; (6) total or partial shutdown due
to Seller's normal plant turnaround; or (7) any other cause or causes of any kind
or character reasonably outside the control of the party failing to perform,
whether similar or dissimilar from the enumerated causes (a "force majeure").
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520Wells%2520Fargo%252005%252008%25202014%2520w%2520non%2520GAAP.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to cyclical
end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• Steve Newlin
appointed, Chairman,
President and CEO
• New leadership team
appointed
• Implementation of
four pillar strategy
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• 18 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Established aggressive
2015 targets
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by 2015,
nearly double 2013
EPS
• Drive double digit
operating income and
adjusted EPS growth
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
450.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$39.28
April 4th, 2014
• 18 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 6
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
Ad
ju
st
ed
E
ar
ni
ng
s P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 7
PolyOne
At A Glance
United
States
67%
Europe
14%
Canada
7% Asia
6%
Latin
America
6%
Specialty
54%
PP&S
18%
Distribution
28%
Mix Shift Highlights Specialty Transformation
Page 8
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34% 43%
62% 64%
0%
20%
40%
80%
2005 2008 2010 2013 Q1 2014 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
65-75%
Specialty OI $5M $46M $87M $195M $60M Target
2015
Target
Proof of Performance & 2015 Goals
Page 9
2006 Q1 2014 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 13.8% 12 – 16%
Global Specialty Engineered
Materials 1.1% 11.6% 12 – 16%
Designed Structures & Solutions -- 6.5% 8 – 10%
Performance Products &
Solutions 5.5% 7.7% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 64% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 42% Double Digit
Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Bridge to $2.50 Adjusted EPS by 2015
2015 EPS: $2.50
2013 EPS: $1.31
Continued Gross Margin
Expansion
Mergers & Acquisitions
Spartech Accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation
& Mix Improvement Several Levers to
Drive Growth
Mid single digit revenue CAGR
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 11
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
42.0%
2006 Q1 2014
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 12
Unique and Innovative Solutions
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
Debt Maturities & Pension Funding – 3/31/14
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 3/31/2014
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
$0.16
$0.20
$0.24
$0.32
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
Expanding our sales,
marketing, and technical
capabilities
Investing in operational and
initiatives that drive
profitability growth
Manufacturing realignment
Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
Synergy opportunities
Adjacent material solutions
Repurchased 1.4 million
shares in Q1 2014
Repurchased 6.4 million
shares since April 2013
13.6 million shares are
available for repurchase
under the current
authorization
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?