https://www.avient.com/resources/safety-data-sheets?page=6660
A70 U NATURAL 005
A70 G15 NATURAL
SC-2860-U NATURAL
https://www.avient.com/sites/default/files/2024-06/SEM Asia Product Selection Guide.pdf
• Abrasion resistance
• High performance for consumer
electronics applications
MATERIAL
DESCRIPTION HARDNESS COLOR OVERMOLD
DENSITY
(g/cm3) PROPERTY KEY
CHARACTERISTIC
Versaflex™ CE 3120-65 65A Natural/
Black
PC, ABS,
Copolyester 1.15
Soft touch,
silky feel and
good abrasion
performance
Silky feeling
Versaflex™ CE 3130-70 70A Natural PC, ABS,
Copolyester 1.04
Silky feel,
long-term life,
excellent abrasion
resistance,
performed UV and
stain resistance,
chemical
resistance
Non-blooming
Versaflex™ CE 3130-80 80A Natural PC, ABS,
Copolyester 1.08
Silky feel,
good abrasion
performance and
UV resistance
Non-blooming
Versaflex™ CE 3320-70 70A Clear PC, ABS,
Copolyester 1.08
Excellent UV
resistance,
blue jean stain
Super UV resistance,
blue jean resistance
Versaflex™ CE 3320-80 80A Clear PC, ABS,
Copolyester 1.15
Excellent UV
resistance,
blue jean stain
Excellent UV resistance
Versaflex™ CE 3140-65 65A Natural PC, ABS,
Copolyester 1.00
Excellent abrasion
resistance,
chemical
resistance,
silky feel
5G transparent
Versaflex™ CE 3140-90 90A Natural PC, ABS,
Copolyester 1.01
Excellent abrasion
resistance,
chemical
resistance,
silky feel
5G transparent
VIBRATION DAMPING
ELASTOMERS
MATERIAL
DESCRIPTION HARDNESS COLOR OVERMOLD
DENSITY
Versaflex™ VDT 4201-35N 35A Natural PP 1.00
Versaflex™ VDT 4202-40B 40A Black PP 1.00
Versaflex™ VDT 5120-40 40A Natural Nylon 1.09
Versaflex™ XP 5130 -65 65A Natural PC/ABS 1.03
Versaflex™ CE 3310-80 80A Clear PC/ABS 1.15
Thermoplastic elastomers that dampen
vibrations via energy transfer
• Excellent vibration damping performance
(reduce noise/shaking)
• Adhesion to various plastics PC, PC/ABS,
ABS, PP
• Colorable and translucent grades available
• Effective in thin films
HEALTHCARE
TPEs
Avient has performance-grade materials that are
compliant with USP VI, ISO 10993-4 and 10993-5.
Eliminate the need for many
secondary operations required for
other materials so that results are
controlled and consistent
MATERIAL
DESCRIPTION HARDNESS COLOR OVERMOLD
DENSITY
COMPLIANCE
FDA EU GB
Dynalloy™
FC 3510 series 40–80A Natural PETG, ABS, PC 1.04
(Aqueous foods;
conditions D–G)
EU
10/2010
Dynalloy™
FC 7850 & 7860
series
30–80A Translucent/
Natural PP 0.88/0.99 Generic FDA EU
Versaflex™
CL2242 43A Clear PP/PC/ABS 0.89
(All foods; conditions
A–H)
Versaflex™
CL2250 50A Clear PP/PC/ABS 0.89
(Aqueous foods but
not over 8% alcohol;
conditions B-G.
For
fatty foods and over 8%
alcohol; conditions D–G)
Dynaflex™
G2780C 84A Translucent PE 0.9
(Aqueous foods;
Versaflex™
FFC 2882-50 50A Translucent PP 0.9
(Aqueous foods;
EU
10/2011 N/A
FFC 2882-70 70A Translucent PP 0.88
(Aqueous foods;
EU
FFC 2882-87 87A Translucent PP 0.88
(Aqueous foods;
EU
FFC 3882-70 70A Natural PETG, ABS, PC 1.1
(Aqueous foods;
EU
OM 9100 Series 30–50A Translucent PC/ABS 0.9 FDA 177.1210 N/A N/A
Copyright © 2024, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=4080
HONEY DEW G-374
G-33 GREEN
G-382 (BMLDPE)
https://www.avient.com/resources/safety-data-sheets?page=4961
UV GREEN SC
UV TITANIUM SC
UV GRANITE SC
https://www.avient.com/resources/safety-data-sheets?page=4361
PA66 G50 H natural
PA6 G/GK30 natural
B70 G15 H NATURAL
https://www.avient.com/industries/consumer/consumer-discretionary/outdoor-recreation/shooting-sports
OnColor™ SC Super Concentrate Technologies
Edgetek™ BIO Natural Filled Formulations
OnColor™ SC Super Concentrate Technologies
https://www.avient.com/resources/safety-data-sheets?page=6114
PCR BLUE SC
PCR RED SC
A2752 PEC NATURAL SLAB 2
https://www.avient.com/resources/safety-data-sheets?page=6335
TAU0994 TAURUS NATURAL BASE
SC-2781 V BLACK
SC-2782 V BLACK
https://www.avient.com/sites/default/files/2020-08/oncolor-colorants-color-shades-of-nature-product-bulletin-1.pdf
OnColor™ Colorants
Shades of Nature Collection
OnColor™ Colorants – Shades of Nature is a
collection of 10 special effects colorants inspired
by nature.
Formulated using a proprietary process, Shades
of Nature special effects colorants deliver a less
industrial effect, appearing more sustainable and
handcrafted to enable products to make a sensory
connection with consumers.
Luxurious and refined, Shades of Nature’s visual
impression replicates stone, pebbles or granite
effects as well as floral hues.
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Outdoor High Performance) 8 18% 3
Growth in Asia / LATAM 6 3% 2
Other 100 19% 5
Sub-total $1,327 14% $146
Outdoor High Performance Impact (5) (3)
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (28) (5)
Q1 2022 $1,294 11% $136
Q1 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q1 EBITDA BRIDGE
7
Price increases more than
offset raw material and
supply chain impacts
Q1 2021 $ 161
Demand (23)
$ millions
CAI:
Price / Mix 77
Inflation (54)
SEM:
Price / Mix 41
Inflation (26)
Distribution:
Price / Mix 84
Inflation (82)
Net Price Benefit 40
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (5)
Q1 2022 $ 171
China Lockdowns / Russia Impact $ (7)
Transportation (7)
Outdoor High Performance (3)
Q1 EPS BRIDGE
8
Q1 2021 - Adjusted EPS 0.89$
CAI 0.08
Specialty Engineered Materials 0.06
Distribution 0.00
Corporate Costs 0.02
F/X (0.04)
Segment OI 0.12
Tax Rate (0.02)
Q1 2022 - Adjusted EPS 0.99$
10
15x stronger than steel
Reduces weight by 30% vs. other solutions
Well-maintained global asset base poised to serve growing demand
• Purchase price of $1.48B represents 11.4x multiple of
2022 EBITDA
• Acquisition will expand Avient’s composites and fiber
portfolio with Dyneema®, the World’s Strongest Fiber™
• $415M sales and 30%+ EBITDA margins; Immediately
accretive to pro forma 2022 EPS, adding $0.35
• 1,300 patents globally, ~50% of sales patent protected
• 1,000+ employees across global production network and
dedicated technology centers
• Composites platform will increase from $261M to $680M in
revenue and from $49M to $180M in EBITDA Indicates Dyneema® location
$175M
(42%)
$65M
(16%)
$175M
(42%)
2022E Sales By Region ($M)
(1) $0.35 EPS excludes intangible amortization
(2) Based on 2022 expected results
(1) (2)
(2)
FIT WITH FOUR PILLAR STRATEGY
11
Specialization
• Innovation-led organization with
tremendous intellectual property value in
trademarks, patents and “know-how”
• Deep history of application development
and premium, leading brand with the
World’s Strongest FiberTM
Globalization
• Global customer base with an
established presence across all major
geographic regions
• Global technology centers complement
existing Composites applications and
expertise
Operational
Excellence
• Best-in-class safety performance
• Well-run and maintained asset base fit to
serve future growth
• Highly effective and reliable supply chain
with emphasis on optimizing service to
customers
Commercial
Excellence
• Deep customer relationships extend
across the value chain and drive ability
to grow
• Offer a full suite of services with an active
role in design, development and
commercialization
People
Experienced and
talented associates
with a passion for
safety, specialization
and winning
DYNEEMA® OVERVIEW
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders Body Armor • Helmets •
Vehicle Protection
$215M
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
$130M
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
$70M
12 Figures reflect 2022 expected sales
MIFOverview Competition Valuechain &
Go-to-market Strategy Innovation Financials
TECHNOLOGY
13
1,200 1,300
2,500
Avient Dyneema Combined
Patents
• True specialty business – the World’s Strongest Fiber™
• Deep history of application development with customers,
strongest in the industry
• The only UHMwPE (ultra-high molecular weight polyethylene)
fiber producer that is backward integrated
o Provides innovation advantage through control of all steps of the process
• Complementary with our existing reinforced film expertise
(PolyStrand) and engineered fiber presences (Fiber-Line)
WINNING PROPERTIES
Ultra high strength vs. weight Highly flexible
Floats on water Chemically inert; no smell/taste and non-toxic
High resistance to UV radiation Self-lubricating, with low friction
One-of-a-kind technology
®
FORMULATION PROCESS
14
• Like Avient, Dyneema® offers similar
core competencies around formulation
and material science
• Technology that combines polymers and
fibers to provide specialized, high
performing solutions for customers
• Design capabilities ensure that
applications are highly customized for
the specified end use
DYNEEMA® IN THE VALUE CHAIN
15
UHMwPE
Fiber / Tapes
Military Personnel,
Law Enforcement
Heavy Marine,
Offshore Wind Energy
and Mooring,
Aquaculture
Outdoor,
Footwear, Apparel,
Inflatables
• Material Science
• Formulation
• Service
INTERMEDIATE MANUFACTURING
(CUSTOMERS) OEM / APPLICATION
DEMAND TRENDS
16
• Military spending and near-term demand for higher performing personal protection
products (like Dyneema®) expected to increase
o European NATO members annual defense spend expected to increase by up to 20%(1)
o Accelerated launch of next generation technology in North America
• Policy-driven demand for sustainable energy; growth in floating offshore wind
farms which require advanced, durable technology
o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations
quadrupling over the next five years(2)
• Continued investment in aquaculture as a sustainable food source(3)
• Strong demand in outdoor high performance space across niche consumer
applications aligns with 10% growth assumption for Avient’s Composites portfolio
Sources:
(1) “Funding NATO”, NATO.int (April 1, 2022)
(2) “Global Wind Report 2021”, Global Wind Energy Council
(3) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries
17
A L I G N M E N T W I T H
S U S T A I N A B I L I T Y G O A L S
PRODUCTS
AVIENT’S EXISTING COMPOSITES PORTFOLIO
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
18
AVIENT’S COMPOSITES PORTFOLIO
SALES AND EBITDA
19
$74 $84
$216 $212
$261
$5 $10
$32
$41
$49
$180
0
50
100
150
200
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
2017 2018 2019 2020 2021 2022E
$680
• Dyneema® acquisition will further
improve Composites EBITDA margins
to 26%
• Dyneema® will complement our
existing portfolio with deep formulation
expertise, innovative culture and
global commercial presence
• Composites will continue to be a key
growth driver to deliver future revenue
growth in excess of GDP
(1) Pro forma for the acquisition of Dyneema®
DISTRIBUTION DIVESTITURE
CONSIDERATIONS
DISTRIBUTION HIGHLIGHTS
21
$21
$57
$69
$94
$105
0
50
100
150
2006 2011 2016 2021 2022E
• Leading North American Distribution business with
longstanding blue-chip supplier and customer
relationships
• Commercial excellence and regulatory knowledge have
grown healthcare portfolio to over 25% of sales and
positioned business for long-term growth
• Highly specialized portfolio of engineered polymers along
with sustainable solution offerings
• Leading digital capabilities through Avient Now, allowing
enhanced visibility and 24/7 interface with customers
• 98% free cash flow conversion drives greater than 30%
after-tax return on invested capital (ROIC)
• Potential divestiture allows us to remain modestly
leveraged with net debt to adjusted EBITDA expected to
be 2.9x and positions us for further specialty growth in the
future
EBITDA (in $M)
DYNEEMA® TRANSACTION OVERVIEW
22
- $1.48B net purchase price
- Represents 11.4x expected 2022 EBITDA
- Committed financing in place
- Permanent financing to be combination of available cash on-hand, new
Senior Unsecured Notes, new Senior Secured Term Loan
- Potential proceeds from Distribution divestment could be used to pay down
near-term maturing debt
- Closing expected in second half of 2022, subject to regulatory
approvals and certain customary closing conditions
Transaction
Value
Financing
Closing
Conditions /
Timing
CAPITAL STRUCTURE / LEVERAGE
23
• Financing commitments secured from Morgan Stanley
and J.P.
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
11.9%
16.2%
2019PF 2021
EBITDA Margins
SPECIALTY TRANSFORMATION
7%
46%
66%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
us
te
d
EB
IT
D
A(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
29
12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
Av
ie
nt
T
od
ay
Av
ie
nt
P
F
AV
Y
PP
G
KW
FU
PM C
E
AL
B
FM
C
AS
EC
EM
XL
U
SC
BN
U
VR
Median: 21%Median: 15%
2022 EBITDA MARGINS VS.
Senior management believes the measures described above are useful to investors because they allow for comparison to
Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results
due to the potential variability across periods based on timing, frequency and magnitude.