https://www.avient.com/sites/default/files/2022-11/PREPERM RF Materials 1-pager.pdf
RADIO FREQUENCY MATERIALS Maximize your radio frequency (RF) performance with PREPERM™ materials OPTIMAL RF PROPERTIES • Well-controlled dielectric constant range 2.55–23 • Ultra-low loss even at mmWave frequencies • Stable performance even up to 220 GHz SPEED UP YOUR CONCEPT VALIDATION WITH • Avient Design services • Filaments for 3D printing FROM PROTOTYPING TO MASS PRODUCTION • Injection molding process enables flexible product designs • Scalable production • Customized sheets in high volumes • Consistent quality in mass production • Excellent total cost performance compared to traditional materials PREPERM™ IS A SUSTAINABLE CHOICE Products’ life-cycle and environmental footprint are important factors for designers.
The advantages of PREPERM materials relate to more efficient data transfer (antennas, mobile base stations, satellite communication), better sensitivity (GPS, radars, radomes) and longer battery life (mobile and IoT devices).
https://www.avient.com/news/polyone-onflex-lo-tpes-awarded-low-voc-technology-improves-automotive-interior-experience
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PolyOne OnFlex™ LO TPEs Awarded for Low VOC Technology that Improves the Automotive Interior Experience
OnFlex LO, PolyOne’s newest ground-breaking TPE technology, reduces volatile organic compounds (VOCs) by up to 50 percent versus existing TPEs, and minimizes fogging and odor in interior automotive components.
While our existing TPEs lead the industry in low emissions performance, we continue to innovate and anticipate future demands and stricter requirements.
https://www.avient.com/news/avient-launches-automotive-specific-grades-within-its-resound-rec-recycled-content-tpes-portfolio
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Avient Launches Automotive-Specific Grades within its reSound™ REC Recycled Content TPEs Portfolio
New reSound™ REC TPEs from Avient offer sustainable alternatives to traditional materials for automotive interior applications.
The new grades for automotive interior applications are formulated with post-consumer recycled (PCR) content, offering a more sustainable TPE option with comparable performance to traditional TPEs.
https://www.avient.com/news/avient-extends-recycled-tpe-portfolio-grades-containing-60-recycled-content-supporting-global-customers
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Avient Extends Recycled TPE Portfolio with Grades Containing up to 60% Recycled Content, Supporting Global Customers
Avient’s new reSound™ REC GP 7820 TPE grades highlighted at Fakuma 2024 can be used for overmolded components in consumer electronics, grips for razors and personal care products, and handles for bicycles and power tools
The new reSound REC GP 7820 TPE grades are available in hardnesses ranging from 40 – 80 Shore A.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Operating Income $3,783 $4,300 2020PF 2021E Adjusted EPS (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition Previous Guidance Current Guidance $3,783 $4,650 2020PF 2021E $308 $410 2020PF 2021E $308 $430 2020PF 2021E $1.93 $2.80 2020PF 2021E $1.93 $3.00 2020PF 2021E (1) (1)(1) (1)(1) (1) (in millions) (in millions) $442 $457 $580 2019PF 2020PF 2021E $1.74 $1.93 $3.00 2019PF 2020PF 2021E FULL YEAR 2019 – 2021 ORGANIC GROWTH (TOTAL COMPANY) 16 Sales Adjusted EBITDA $3,981 $3,783 $4,650 2019PF 2020PF 2021E + 17% Adjusted EPS (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition (1) (1) (in millions) (in millions) (1)(1) + 31% + 72% (1) (1) ($ in millions) 2021E Adjusted EBITDA 580$ Free Cash Flow 280$ Total Debt 1,860 Less: Cash (755) Net Debt 1,105$ 2021E Net Debt / Adjusted EBITDA 1.9x 17 BALANCE SHEET • Acquisition of Magna Colours completed on July 1 – expands sustainable solutions portfolio through water-based inks technology • Deleveraging to 1.9x net debt to adjusted EBITDA by the end of 2021 • Driven by record adjusted EBITDA performance and strong free cash flow generation from asset light business • Future cash deployment: M&A, opportunistic share repurchases and balance sheet / continued leverage reduction 3.5x 2.7x 1.9x 2019PF 2020PF 2021E Net Debt / Adjusted EBITDA (1) (1) (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition SUSTAINABILITY FOR A BETTER TOMORROW 18 • Revenue from sustainable solutions expected to grow 14% in 2021 as our innovation efforts and collaboration with customers continues to accelerate • Investments centered around innovation and global sustainability megatrends o Enabling a circular economy – Technologies that allow for increased use of post-consumer recycled (PCR) material and improve recyclability of plastics o Light-weighting – Composites and CAI applications to reduce weight and material requirements, which minimize energy and carbon emissions o Eco-Conscious – Health and human safety applications as well as Avient’s alternative materials to replace lead, PVC, halogens, BPA and other less eco-friendly options 18 2016 2017 2018 2019 2020PF** Bio-polymers Reduced Energy Use Human Health & Safety Sustainable Infrastructure VOC Reduction Recycle Solutions Eco-Conscious Lightweighting Revenue From Sustainable Solutions* 2016-2020 $405M $455M *Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) **2020 is Pro Forma to include full year of the Clariant Masterbatch business $340M $550M $790M 18 19 Key Updates • Includes Clariant Masterbatch performance • Increases disclosures and ESG data • Provides performance updates on 2030 Sustainability Goals • Commits to operational carbon neutrality in 2050 and 100% renewable energy by 2050 (RE 100) • Announces Avient’s participation in U.N.
D is t. ) K W R P P G A V Y F U L R P M G C P H X L F M C H U N IF F E C L A S H K R A E M N C E S C L A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of July 28, 2021 Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 81% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of July 28, 2021 87 90 86 82 80 78 73 87 82 82 79 79 78 78 77 76 71 67 46 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E IF F A S H E C L B N R E M N H X L H U N K R A S C L A L B (6) Source: Peer data per Bloomberg market data as of July 28, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the median of other selected chemical / specialty companies.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Operating Income $3,783 $4,100 2020PF 2021E Adjusted EPS (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition Previous Guidance Current Guidance $3,783 $4,300 2020PF 2021E $308 $360 2020PF 2021E $308 $410 2020PF 2021E $1.93 $2.40 2020PF 2021E $1.93 $2.80 2020PF 2021E (1) (1)(1) (1)(1) (1) (in millions) (in millions) 12 BALANCE SHEET • Deleveraging to 1.9x net debt to adjusted EBITDA by the end of 2021 • Driven by record adjusted EBITDA performance and strong free cash flow generation from asset light business • Future cash deployment: M&A, opportunistic share repurchases and balance sheet / continued leverage reduction 3.5x 2.7x 1.9x 2019PF 2020PF 2021E Net Debt / Adjusted EBITDA (1) (1) ($ in millions) 2021E Adjusted EBITDA 560$ Free Cash Flow 275$ Total Debt 1,860 Less: Cash (800) Net Debt 1,060$ 2021E Net Debt / Adjusted EBITDA 1.9x (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition SUSTAINABILITY • Most recent Sustainability report substantially expanded disclosure on key environmental and social topics. • Aligned with leading reporting frameworks – GRI, SASB, TCFD.
D is t. ) K W R R P M P P G A V Y F U L G C P IF F H X L F M C F O E H U N E C L K R A E M N A S H C E S C L G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of April 27, 2021 Avient reflects 2021 estimated revenue of $4,300M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 84% Median: 77% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of April 27, 2021 87 89 87 86 82 81 76 88 87 84 82 81 78 77 77 77 76 73 70 69 50 19 A vi en t K W R P P G R P M A V Y F U L G C P F M C IF F H X L U N V R E C L A S H C E B N R F O E E M N G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of April 27, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the majority of our chemical peers.
https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE Static Dissipative _ Electrically Conductive Thermoplastic Elastomers Product Overview_A4.pdf
Stat-Tech™ TPE Static Dissipative & Electrically Conductive Thermoplastic Elastomers Stat-Tech™ TPEs are electrically conductive thermoplastic elastomers engineered to protect critical electronics from electrostatic discharge (ESD), and electromagnetic and radio frequency interference (EMI/RFI).
Stat-Tech TPEs can be both injection molded and extruded, giving great design freedom for more complex geometries.
Stat-Tech TPEs are well-positioned to perform in applications such as industrial conveyor belts and controllers, ADAS systems and electronic devices.
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
GLS™ TPEs with Antimicrobial Technologies This specialty line of GLS™ thermoplastic elastomers has imbedded antimicrobial additives that inhibit bacterial growth by 99.9% or more (log 3) and resist fungal growth to protect molded plastic parts.
Tested against common bacteria and fungi, these TPEs with antimicrobial technologies have proven to protect the finished part from microbial and fungi growth on both textured and smooth surfaces.
KEY CHARACTERISTICS • Protects finished part by inhibiting microbial and fungi growth • Extends useful life of finished TPE parts by controlling deterioration caused by mildew or mold fungus • Increases product durability, preserves surface integrity, and minimizes odors MARKETS & APPLICATIONS Suitable for high-touch surfaces and applications, GLS TPEs with antimicrobial technologies add value in the consumer, packaging and automotive markets.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-case-study.pdf
To learn more about our wet grip TPEs, contact Avient at +1.844.4AVIENT (1.844.428.4368) or visit avient.com.
The customized TPE offered excellent hydrophobic qualities and similar melt strength to PP while still maintaining its key mechanical properties.
Ultimately, Avient customized a GLS™ wet grip TPE that outmaneuvered traditional materials—delivering dynamic hydrophobic performance, translucent aesthetics, non-abrasive comfort grip, and excellent UV protection.
https://www.avient.com/sites/default/files/2023-11/reSound BIO TPEs Technical Bulletin.pdf
TECHNICAL BULLETIN reSound™ BIO Thermoplastic Elastomers Customizable Bio-based TPEs reSound™ BIO TPEs are formulated utilizing between 35 and 60 percent bio-renewable content.
Initially available in overmolding grades compatible with PP, all grades are formulated to achieve comparable performance to traditional TPEs.
This expertise enables brands to meet sustainability goals while maintaining the mechanical properties of traditional TPEs.