https://www.avient.com/sites/default/files/2024-03/AVNT February IR Presentation_w_Non-GAAP Recs_v2.pdf
Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Taxes paid on gain on sale of business 104.1
Adjusted cash provided by operating activities $ 305.7
Capital expenditures $ (119.4)
Free cash flow $ 186.3
Three Months Ended
Year Ended
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation_w_Non-GAAP Recs.pdf
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
3.26.24 - Public Lender Presentation Non-GAAP Attachments (005).pdf
https://www.avient.com/sites/default/files/2023-08/QRG for suppliers on invoicing%5B50%5D.pdf
Image attachments
on invoices must be of the following types: PNG, GIF, JPG, JPEG, PJPEG, TIFF, or PDF.
https://www.avient.com/resources/safety-data-sheets?page=4562
Geon(TM) M3336 BLANK
Geon(TM) EXP M3336 DCOIT 6X
Geon(TM) EXP M3339 BLANK
https://www.avient.com/resources/safety-data-sheets?page=5343
Geon(TM) MB3124 Neutral
Geon(TM) DB5458 Clear NP 60
Geon(TM) DB4686 MED BLUE TEXTURE
https://www.avient.com/resources/safety-data-sheets?page=4619
Geon(TM) DB5188 DARKER AMBER
Geon(TM) DB5289 RED 186 NON-PHTHALATE
Geon(TM) DB5268 NEUTRAL ONE PASS
https://www.avient.com/resources/safety-data-sheets?page=4668
Geon(TM) DB5189C ORANGE NEW ODOR
Geon(TM) MB5300 RED NON-PHTHALATE
Geon(TM) DK174-80 Black Hot Dip NP
https://www.avient.com/resources/safety-data-sheets?page=3853
Geon(TM) DB5042 Orange 65P
Geon(TM) DB5042 Red Prop 65
Geon(TM) DB5042 Green 65P
https://www.avient.com/resources/safety-data-sheets?page=4156
Geon(TM) A61-73A Black
Geon(TM) A61-72C Black
Geon(TM) A61-75C Teal
https://www.avient.com/resources/safety-data-sheets?page=5481
Geon(TM) Lure Heat Stabilizer
Geon(TM) DB5454A BLACK TINT NP
Geon(TM) DB5454A BROWN TINT NP
https://www.avient.com/resources/safety-data-sheets?page=3721
Geon(TM) DB5002 Clear
X TM-3896-001
Geon(TM) MB2889 Black