https://www.avient.com/sites/default/files/resources/Lockport_IATF%252016949%25202016_EXP%25205-2021.pdf
For and on behalf of BSI:
Chief Operating Officer Assurance - Americas
Certification Date: 2018-05-10 Latest Issue: 2018-05-10 Expiry Date: 2021-05-09
BSI Certificate Number: 691920
IATF Number: 0303891
Page: 1 of 2
This certificate remains the property of BSI and shall be returned immediately upon request.
Technologies, Purchasing, Sales, Contract review, Internal
audit management, Product design
Location Registered Activities
BSI Certificate Number: 691920
IATF Number: 0303891
Certification Date: 2018-05-10 Latest Issue: 2018-05-10 Expiry Date: 2021-05-09
Page: 2 of 2
This certificate remains the property of BSI and shall be returned immediately upon request.
https://www.avient.com/sites/default/files/2023-10/Syncure XLPE 200 Series DBDPE-free Grades Product Bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
1.844.4AVIENT
www.avient.com
System
Syncure XLPE
S200FH
Syncure XLPE
S200FV
Applications
Building Wire, Tray Cable,
Service Entrance
Building Wire, Tray Cable,
Service Entrance
Specification UL 44 UL 44
Wire Type
RHW-2, RHW, RHH, XHHW-2,
XHH, XHHW, SIS
RHW, RHH, RHW-2
Components
78% S1054A
22% SC5400-0002 RoHS
MB ALT FR
50% S1054A
50% SC5400-0003 RoHS
MB ALT FR
Features Horizontal Flame, DBDPE-free VW-1, DBDPE-free
General Properties
Specific Gravity (g/cm3) 1.01 1.31
Hardness Shore D, 10sec 47 48
Gel % 68 70
Tensile Properties
Tensile Strength (psi) 2800 3200
Elongation % 400 470
Tensile Retention % 95 100
Elongation Retention % 90 93
Electrical
Dielectric Strength (V/mil) 1000 1200
Dielectric Constant 2.31 2.61
Dissipation Factor % 0.0012 0.0043
Thermal
Temperature Rating °C 90 90
Heat Deformation % 10 5
TECHNICAL PROPERTIES
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
The company maintains its previously communicated full-year
adjusted EPS guidance of $3.00, which is an increase of 55% over the prior year adjusted EPS
of $1.93.
2
"This has been one of the most challenging years we have experienced as a result of navigating
the COVID pandemic and an unprecedented combination of inflation, supply chain disruptions,
and labor shortages,” Mr.
Three Months Ended
September 30, 2021
Three Months Ended
September 30, 2020
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 52.9 $ 0.57 $ 1.7 $ 0.02
Special items, after tax (Attachment 3) 11.7 0.13 40.3 0.44
Adjusted net income / EPS - excluding special items $ 64.6 $ 0.70 $ 42.0 $ 0.46
Nine Months Ended
September 30, 2021
Nine Months Ended
September 30, 2020
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 201.0 $ 2.18 $ 57.8 $ 0.64
Special items, after tax (Attachment 3) 26.0 0.28 51.5 0.57
Adjusted net income / EPS - excluding special items $ 227.0 $ 2.46 $ 109.3 $ 1.21
8
Attachment 2
Avient Corporation
Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021 2020 2021 2020
Sales $ 1,219.8 $ 924.5 $ 3,617.3 $ 2,245.1
Cost of sales 964.4 714.3 2,770.8 1,713.7
Gross margin 255.4 210.2 846.5 531.4
Selling and administrative expense 176.7 176.7 539.3 407.1
Operating income 78.7 33.5 307.2 124.3
Interest expense, net (19.0) (29.7) (57.8) (55.3)
Other income, net 1.4 1.5 4.1 12.6
Income from continuing operations before income taxes 61.1 5.3 253.5 81.6
Income taxes (8.5) (2.7) (51.8) (22.5)
Net income from continuing operations 52.6 2.6 201.7 59.1
Loss from discontinued operations, net of income taxes — — — (0.5)
Net income 52.6 2.6 201.7 58.6
Net loss (income) attributable to noncontrolling interests 0.3 (0.9) (0.7) (1.3)
Net income attributable to Avient common shareholders $ 52.9 $ 1.7 $ 201.0 $ 57.3
Earnings per share attributable to Avient common shareholders - Basic:
Continuing operations $ 0.58 $ 0.02 $ 2.20 $ 0.64
Discontinued operations — — — —
Total $ 0.58 $ 0.02 $ 2.20 $ 0.64
Earnings per share attributable to Avient common shareholders - Diluted:
Continuing operations $ 0.57 $ 0.02 $ 2.18 $ 0.64
Discontinued operations — — — (0.01)
Total $ 0.57 $ 0.02 $ 2.18 $ 0.63
Cash dividends declared per share of common stock $ 0.2125 $ 0.2025 $ 0.6375 $ 0.6075
Weighted-average shares used to compute earnings per
common share:
Basic 91.4 91.5 91.3 89.7
Diluted 92.2 91.9 92.1 90.7
9
Attachment 3
Avient Corporation
Summary of Special Items (Unaudited)
(In millions, except per share data)
Special items (1)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021 2020 2021 2020
Cost of sales:
Restructuring costs, including accelerated depreciation and
amortization $ (5.3) $ (1.3) $ (8.6) $ (2.5)
Environmental remediation costs (9.4) (15.8) (22.4) (19.3)
Reimbursement of previously incurred environmental costs — — 4.5 8.7
Acquisition related costs (2.6) (10.5) (1.2) (10.5)
Impact on cost of sales (17.3) (27.6) (27.7) (23.6)
Selling and administrative expense:
Restructuring, legal and other — (4.2) (1.7) (9.5)
Acquisition earn-out adjustments — (1.5) — (2.5)
Acquisition related costs (2.7) (7.1) (7.2) (23.5)
Impact on selling and administrative expense (2.7) (12.8) (8.9) (35.5)
Impact on operating income (20.0) (40.4) (36.6) (59.1)
Costs related to committed financing in interest expense, net — (9.6) — (10.1)
Other income, net 0.1 — 0.1 0.3
Pension settlement gain and mark-to-market adjustment — — — 6.9
Impact on income from continuing operations before income taxes (19.9) (50.0) (36.5) (62.0)
Income tax benefit on above special items 4.6 12.7 8.9 15.4
Tax adjustments(2) 3.6 (3.0) 1.6 (4.9)
Impact of special items on net income from continuing operations
attributable to Avient Shareholders $ (11.7) $ (40.3) $ (26.0) $ (51.5)
Diluted earnings per common share impact $ (0.13) $ (0.44) $ (0.28) $ (0.57)
Weighted average shares used to compute adjusted earnings per share:
Diluted 92.2 91.9 92.1 90.7
(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; 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
Reconciliation of Pro Forma Adjusted Earnings per Share:
Nine Months Ended
September 30, 2020
Year Ended
December 31, 2020
Net income from continuing operations attributable to Avient shareholders $ 57.8 $ 132.0
Special items, after tax 42.0 24.8
Adjusted net income from continuing operations excluding special items 99.8 156.8
Clariant MB pro forma adjustments to net income from continuing operations(2) 20.7 20.7
Pro forma adjusted net income from continuing operations attributable to Avient
shareholders $ 120.5 $ 177.5
Weighted average diluted shares 90.7 90.6
Pro forma impact to diluted shares from January 2020 equity offering(2) 2.9 1.5
Pro forma weighted average diluted shares 93.6 92.1
Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 1.29 $ 1.93
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
15
Nine Months Ended
September 30, 2020
Reconciliation of Pro Forma Adjusted
Earnings per Share: Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient
Sales $ 2,245.1 $ — $ 2,245.1 $ 540.5 $ 2,785.6
Operating income $ 124.3 $ 59.1 $ 183.4 $ 45.0 $ 228.4
Interest expense, net (55.3) — (55.3) (18.1) (73.4)
Pension settlement gain and mark-to-market
adjustment — (6.9) (6.9) — (6.9)
Other income, net 12.6 0.3 12.9 — 12.9
Income taxes (22.5) (10.5) (33.0) (6.2) (39.2)
Net income attributable to noncontrolling
interests (1.3) — (1.3) — (1.3)
Net income from continuing operations
attributable to Avient shareholders $ 57.8 $ 42.0 $ 99.8 $ 20.7 $ 120.5
Weighted average diluted shares 90.7
Impact to diluted shares from January 2020 equity offering 2.9
Pro forma weighted average diluted shares 93.6
Pro forma adjusted EPS $ 1.29
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
16
Reconciliation of EBITDA by Segment
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021 2020 2021 2020
Operating income:
Color, Additives and Inks $ 66.8 $ 50.5 $ 241.9 $ 123.3
Specialty Engineered Materials 31.7 24.7 103.2 64.0
Distribution 23.8 17.5 71.5 51.5
Corporate and eliminations (43.6) (59.2) (109.4) (114.5)
Operating income $ 78.7 $ 33.5 $ 307.2 $ 124.3
Items below OI in Corporate:
Other income, net $ 1.4 $ 1.5 $ 4.1 $ 12.6
Depreciation & amortization:
Color, Additives and Inks $ 26.6 $ 26.3 $ 79.2 $ 48.0
Specialty Engineered Materials 7.9 7.5 23.8 22.7
Distribution 0.2 0.2 0.6 0.4
Corporate and eliminations 2.1 2.5 4.1 6.2
Depreciation & Amortization $ 36.8 $ 36.5 $ 107.7 $ 77.3
EBITDA:
Color, Additives and Inks $ 93.4 $ 76.8 $ 321.1 $ 171.3
Specialty Engineered Materials 39.6 32.2 127.0 86.7
Distribution 24.0 17.7 72.1 51.9
Corporate and eliminations (41.5) (56.7) (105.3) (108.3)
EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2
EBITDA as a % of Sales:
Color, Additives and Inks 15.9 % 15.6 % 17.6 % 17.5 %
Specialty Engineered Materials 17.0 % 18.5 % 18.4 % 16.7 %
Distribution 5.5 % 6.4 % 6.0 % 6.4 %
17
Reconciliation of Pro Forma EBITDA - Color, Additives and Inks
Nine Months Ended
September 30, 2020
Sales:
Color, Additives and Inks $ 977.1
Clariant MB pro forma adjustments(2) 540.5
Pro forma sales $ 1,517.6
Operating income:
Color, Additives and Inks $ 123.3
Clariant MB pro forma adjustments(2) 45.0
Pro forma operating income $ 168.3
Depreciation & amortization:
Color, Additives and Inks $ 48.0
Clariant MB pro forma adjustments(2) 30.1
Pro forma depreciation & amortization $ 78.1
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA):
Color, Additives and Inks $ 171.3
Clariant MB pro forma adjustments(2) 75.1
Pro forma EBITDA $ 246.4
Pro forma EBITDA as a % of Sales 16.2 %
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA: 2021 2020 2021 2020
Net income from continuing operations – GAAP $ 52.6 $ 2.6 $ 201.7 $ 59.1
Income tax expense 8.5 2.7 51.8 22.5
Interest expense 19.0 29.7 57.8 55.3
Depreciation and amortization from continuing operations 36.8 36.5 107.7 77.3
EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2
Special items, before tax 19.9 50.0 36.5 62.0
Interest expense included in special items — (9.6) — (10.1)
Depreciation and amortization included in special items (0.9) (1.3) (0.1) (2.5)
Adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 263.6
Clariant MB pro forma adjustments(2) — — — 75.1
Pro forma adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 338.7
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2021-12/avient-s.a-r.l.-excerpt-from-italian-companies-register.pdf
Codice Fiscale 03669670121
Visura ordinaria societa' di capitale • di 5 10
I trimestre II trimestre Valore
medio
Dipendenti 9 9 9
Indipendenti 0 0 0
Totale 9 9 9
Distribuzione dipendenti Distribuzione per Contratto
(Dati in percentuale rilevati al 30/06/2021)
I trimestre II trimestre
Tempo
Indeterminato
Distribuzione per Orario di lavoro
(Dati in percentuale rilevati al 30/06/2021)
I trimestre II trimestre
Tempo Pieno
Distribuzione per Qualifica
(Dati in percentuale rilevati al 30/06/2021)
I trimestre II trimestre
Impiegato
Quadro
Dirigente
Addetti nel comune di
GALLARATE (VA)
Unità locali: 1
I trimestre II trimestre Valore medio
Dipendenti 7 7 7
Indipendenti 0 0 0
Totale 7 7 7
Addetti nel comune di 9638
POMMERLOCH
Unità locali: 1
I trimestre II trimestre Valore medio
Dipendenti 2 2 2
Indipendenti 0 0 0
Totale 2 2 2
Albi e Ruoli
Registro Imprese
Archivio ufficiale della CCIAA
Documento n .
Codice Fiscale 03669670121
Visura ordinaria societa' di capitale • di 8 10
ASSOCIAZIONI SINDACALI, COLLEGI ARBITRALI, UFFICI PROVINCIALI DEL LAVORO E
SIMILI, COL POTERE DI NOMINARE AVVOCATI E PROCURATORI ALLE LITI, ELEGGERE
DOMICILI, TRANSIGERE E CONCILIARE, RENDERE E DEFERIRE INTERROGATORI O
GIURAMENTI;
2.
Codice Fiscale 03669670121
Visura ordinaria societa' di capitale • di 10 10
1 ▪ Sede
2 ▪ Informazioni da statuto/atto costitutivo
3 ▪ Trasferimenti d'azienda, fusioni, scissioni, subentri
4 ▪ Attività, albi ruoli e licenze
5 ▪ Sedi secondarie ed unita' locali
6 ▪ Aggiornamento impresa