https://www.avient.com/sites/default/files/2024-10/Aquamix Wound Care Case Study Snapshot.pdf
WOUND CARE MANUFACTURER S E L F - A D H E S I V E B A N D A G E S • Provided aqueous dispersions that are safe for uses in contact with human skin and produce low levels of VOCs • Offered high antioxidant performance to protect bandages from degradation and improve storage time • Collaborated to deliver effectively and efficiently with accelerated development cycles and streamlined operations Aquamix Additive Formulations WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-additives/additive-dispersions/aquamix-chemical-dispersions Slide 1: Wound care Manufacturer
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Moh worked for Clariant AG (a global manufacturer of color and additives masterbatch) in various roles of increasing responsibility, culminating in a commercial leadership role in Southeast Asia.
See Note 13, Income Taxes, for additional detail.
Color, Additives and Inks Color, Additives and Inks is a leading formulator of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks.
https://www.avient.com/sites/default/files/2022-11/Cargo Trailer Sidewalls Application Snapshot.pdf
TRACTOR TRAILER OEM C A R G O T R A I L E R S I D E W A L L S • Suitable CFA design for PE sheet extrusion in layered, metal-laminated inner sidewall panels • Improved fuel economy and reduced trailer tare weight • Uncompromised outdoor durability and part strength • Reduced polymer usage while maintaining physical and dimensional requirements • Delivered significant 20% part weight reduction with CFA solution • Provided formulation to enhance throughput, leading to a 43% overall cost reduction • Created value beyond initial technical challenge with a credible problem solving approach • Enhanced performance with excellent sidewalls, uniform foamed plastic core, superior flatness, and rigidity Hydrocerol™ Chemical Foaming Additives (CFAs) and Cesa™ Nucleant Additives KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-solid-chemical-foaming-and-nucleating-agents
https://www.avient.com/sites/default/files/2021-02/mevopur-needle-one-pager-case-study.pdf
All Rights Reserved. https://www.avient.com/products/polymer-additives/performance-enhancement-additives/mevopur-functional-additives
https://www.avient.com/sites/default/files/2024-03/CCG Application Snapshot_Wire _ cable laser marking_Final.pdf
AVIENT SOLUTION Colorant Chromatics UV Laser Marking Additives for FEP LEARN MORE© 2024, Avient Corporation.
All Rights Reserved https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology Wire & cable manufacturer
https://www.avient.com/sites/default/files/2024-07/woonkeatmoh_2024.pdf
WOON KEAT MOH Senior Vice President and President, Color, Additives & Inks Woon Keat Moh (“Moh”) is senior vice president and president, Color, Additives & Inks, for Avient Corporation, a premier provider of specialized and sustainable material solutions and services.
This has included Sales Director for Avient’s Color and Additives segment in Asia and General Manager of Engineered Materials Asia.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Woon Keat Moh.pdf
WOON KEAT MOH Senior Vice President, President of Color, Additives & Inks Woon Keat Moh (“Moh”) is Senior Vice President and President of Color, Additives & Inks at Avient Corporation, an innovator of materials solutions that help customers succeed while enabling a sustainable world.
This has included Sales Director for Avient’s Color and Additives segment in Asia and General Manager of Engineered Materials Asia.
https://www.avient.com/sites/default/files/2020-05/polyone-investor-presentation-may-2020_0.pdf
Senior management has referenced adjusted EPS excluding the impact of additional shares issued in February 2020.
On January 28, 2020, prior to the issuance of the additional shares, the Company provided guidance for adjusted EPS for the first quarter of 2020.
This guidance excluded the impact of the additional shares subsequently issued in February.
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
FX +4.6% FX -1.5% Total Avient +3.1% Note: Regional Sales Percentages exclude impact of foreign exchange Q2 2024 SEGMENT PERFORMANCE (COLOR, ADDITIVES & INKS) $525 $542 Q2 23 Q2 24 $94 $108 Q2 23 Q2 24 19.9% Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 7 17.9% +200 bps * * * Adjusted EBITDA Margin % • Organic sales growth in all regions led by Americas • Raw material deflation combined with cost reduction actions drove EBITDA margin expansion + 3% (+5% excluding FX) + 15% (+17% excluding FX) Q2 2024 SEGMENT PERFORMANCE (SPECIALTY ENGINEERED MATERIALS) $301 $308 Q2 23 Q2 24 $60 $64 Q2 23 Q2 24 20.6% Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 8 19.8% +80 bps * * * Adjusted EBITDA Margin % • Sales growth in consumer, healthcare and building & construction end markets offset by weaker demand in telecommunications • EBITDA margin expansion driven by positive end market mix as well as raw material deflation + 2% (+4% excluding FX) + 7% (+8% excluding FX) 2024 G U IDA N CE FY 2024 GUIDANCE Previous (May 7) Current Adjusted EBITDA $510 to $535 million $515 to $540 million Adjusted EPS $2.50 to $2.65 $2.55 to $2.70 Interest Expense $105 million $105 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures ~$140 million ~$140 million 10 Q3 2024: Adjusted EPS of $0.62 11 Highlights • Provides performance updates on 2030 Sustainability Goals • Reduced company’s Scope 1 & 2 GHG emissions by 48% since 2019 • Highlights ESG performance ratings, certifications, and awards, including recent upgrades by Ecovadis to Gold and CDP to A- • Reflects Great Place to Work® culture focused on health, safety and employee engagement 2023 SUSTAINABILITY REPORT 11 Sustainability for a Better Tomorrow 2023 SUSTAINABILITY REPORT 12 • Investor Day to be held December 4, 2024 in New York, NY • The focus will be to do a deep dive on the Company’s strategy • Further details to be communicated 2024 AVIENT INVESTOR DAY AP P EN D IX 15 Performance Additives 15% Pigments 13% TiO2 9% Dyestuffs 2% Polyethylene 10%Nylon 5% Polypropylene 4% Styrenic Block Copolymer 4% Other Raw Materials 38% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials RAW MATERIAL BASKET SEGMENT DATA U.S. & Canada 41% EMEA 36% Asia 18% Latin America 5% 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 19% Packaging 23%Industrial 16% Building and Construction 9% Telecommunications 4% Energy 5% Defense 7% END MARKET REVENUE $2,007M $358M $1,138M $224M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $502M$3,143M (1) Transportation 10% Healthcare 7% 17 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 B ILL ION US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 18 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 B ILL ION US & Canada 52% EMEA 35% Asia 13% 19 Packaging 5% Consumer 16% Healthcare 6%Industrial 16% Transportation 12% Telecommunications 9% Energy 10% Defense 18% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 26% Healthcare 9% Industrial 13% Building & Construction 6% Telecommunications 2% Energy 2% Defense 1% Asia (18% of sales) Transportation 9% 2023 AVIENT REGIONAL SALES Packaging 25% Consumer 13% Healthcare 5% Industrial 18% Building & Construction 9% Energy 5% Defense 8% EMEA (36% of sales)Transportation 13% Packaging 13% Consumer 22% Healthcare 10% Industrial 16% Building & Construction 12% Energy 6% Defense 8% US & Canada (41% of sales) Transportation 9% Packaging 59% Consumer 22% Healthcare 2% Industrial 8% Building & Construction 4% LATAM (5% of sales) Transportation 5% Telecommunications 4% Telecommunications 4% 20 BY END MARKET Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) 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.
In addition, operating income before the effect of special items is a component of Avient’s annual incentive plans and is used in debt covenant computations.
Three Months Ended June 30, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 33.6 $ 0.36 $ 22.1 $ 0.24 Special items, after-tax 21.8 0.24 19.6 0.21 Amortization expense, after-tax 14.8 0.16 16.2 0.18 Adjusted net income / EPS $ 70.2 $ 0.76 $ 57.9 $ 0.63 Three Months Ended June 30, Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 Net income from continuing operations – GAAP $ 33.8 $ 22.3 Income tax expense 11.2 10.4 Interest expense, net 26.6 29.4 Depreciation & amortization 44.9 47.6 EBITDA from continuing operations $ 116.5 $ 109.7 Special items, before tax 28.1 21.7 Interest expense included in special items (1.0) — Depreciation & amortization included in special items (0.3) (0.1) Adjusted EBITDA $ 143.3 $ 131.3 Adjusted EBITDA as a percent of sales 16.9 % 15.9 % 1 Three Months Ended June 30, 2024 2023 Sales: Color, Additives and Inks $ 542.0 $ 524.5 Specialty Engineered Materials 308.1 300.8 Corporate (0.4) (0.9) Sales $ 849.7 $ 824.4 Operating income: Color, Additives and Inks $ 86.1 $ 68.0 Specialty Engineered Materials 42.8 39.7 Corporate (56.4) (45.4) Operating income $ 72.5 $ 62.3 Depreciation & amortization: Color, Additives and Inks $ 21.8 $ 25.7 Specialty Engineered Materials 20.8 19.9 Corporate 2.3 2.0 Depreciation & amortization $ 44.9 $ 47.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 107.9 $ 93.7 Specialty Engineered Materials 63.6 59.6 Corporate (54.1) (43.4) Other expense, net (0.9) (0.2) EBITDA from continuing operations 116.5 109.7 Special items, before tax 28.1 21.7 Interest expense included in special items (1.0) — Depreciation & amortization included in special items (0.3) (0.1) Adjusted EBITDA $ 143.3 $ 131.3 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 19.9 % 17.9 % Specialty Engineered Materials 20.6 % 19.8 % 2 Year Ended December 31, 2023 Operating income: Color, Additives and Inks $ 259.9 Specialty Engineered Materials 142.5 Corporate (205.6) Operating income $ 196.8 Depreciation & amortization: Color, Additives and Inks $ 98.3 Specialty Engineered Materials 81.5 Corporate 9.0 Depreciation & amortization $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 358.2 Specialty Engineered Materials 224.0 Corporate (196.6) Other income, net 5.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation & amortization included in special items (1.9) Adjusted EBITDA $ 501.8 3 Avient Q2 2024 Webcast Slides_for website_with non-GAAP_8_5.pdf IR Deck - AVNT-2024.06.30 - 8.02.24 1130AM.pdf Attachment Avient Q2 2024 Webcast Slides_for website_with non-GAAP.pdf AVNT cover slide.pdf
https://www.avient.com/sites/default/files/2023-11/Cesa Anti-Block Slip LS Product Bulletin_A4.pdf
Cesa™ Anti-Block Slip LS Additives for low-temperature sealing layers in flexible polyolefin packaging FOOD PACKAGING IN A CHANGING MARKET In many food contact applications, flexible plastic packaging is replacing rigid packaging for varied reasons; it has lightweight characteristics, is easy to customize in any shape, and has a favorable carbon footprint.
WHAT IT DOES Cesa™ Anti-Block Slip LS is a range of additives for flexible polyolefin packaging that helps convertors and brand owners switch from multi-material to mono-material packaging.
The additive’s formulation ensures smooth and efficient processing of mono-material polyolefin films that contain low-temperature sealing layers, improving the overall performance of the packaging, and providing a reliable and user-friendly experience for both manufacturers and end-users.