https://www.avient.com/knowledge-base/article/how-lightweight-automotive-components
Injection-molded polymers can streamline assembly steps and eliminate secondary finishing processes, such as protective coatings and paint, enhancing production efficiency.
Engine control, power electronics, infotainment, active safety systems, and other electronic systems are standard for modern vehicles.
https://www.avient.com/sites/default/files/2022-03/Sustainability ESG Disclosures_Animal Testing Policy.pdf
Animal Testing Policy
AVIENT CORPORATION AND SUBSIDIARIES
In the normal course of doing business, Avient is required to conduct testing to ensure the safety of its
products.
Avient is committed to replacing, reducing and refining the use of animal testing by applying the
following practices:
• Replace – Before any vertebrae testing, Avient will investigate the use of alternative methods and
approaches, including use of data that is already publically available, computational toxicology models
and read-across to available data for similar substances
Reduce – Avient will only consider animal testing if it is a legal requirement, or to ensure the safety of our
products, when no suitable alternatives are available.
https://www.avient.com/sites/default/files/2022-05/Avient_Health_And_Safety_Policy_2022 Update.pdf
SAFETY & HEALTH POLICY
Avient Corporation believes that safety and health are the highest corporate
priority.
As a member of the American Chemistry Council, we have
adopted Responsible Care® Guiding Principles and the Process Safety
Management Practices to continuously guide our efforts to improve safety
performance.
Our practices reinforce these imperatives, and our commitment to
excellence in safety and health is absolute.
https://www.avient.com/knowledge-base/article/designing-molds-styrenic-block-copolymers-sbc
Another suggestion is to use a mold surface that has been treated with a release coating or has been sand blasted to trap air next to the mold surface.
https://www.avient.com/knowledge-base/article/designing-molds-styrenic-block-copolymers-sbc?rtype[]=1164
Another suggestion is to use a mold surface that has been treated with a release coating or has been sand blasted to trap air next to the mold surface.
https://www.avient.com/news/polyone-acquires-specialty-assets-accella-performance-materials
The acquired business joins PolyOne’s Global Color, Additives and Inks segment, and provides specialty coatings solutions and value-added services in a wide range of applications, including consumer products, interior and under-the-hood automotive parts, outdoor recreational equipment and food packaging.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
We are better together through:
Keeping Safety First — PolyOne and Clariant are both ACC Responsible Care® companies,
and nothing is more important than the health, safety and well-being of our people.
We are Avient.
6
BETTER TOGETHER: POLYONE AND
CLARIANT MASTERBATCH
Key Financial Data (1)
2021E Sales $4.6 - $4.7 billion
2021E EBITDA $580 million
2021E Free Cash Flow $280 million
87% of EBITDA from specialty applications
(1) As of July 30, 2021 webcast
Synergies
($ millions)
Three-Year
Estimate
Administrative $ 20
Sourcing 30
Operational 25
Total Synergies $ 75
7
CLARIANT COST SYNERGIES
• On-track to realize $45 million of expected
synergies in 2021 – up from previous estimate of
$35 million
• Relentless focus on guiding principles for
acquisition integration: safety first, employee
collaboration and exceeding customer expectations
• Future revenue synergies in excess of $50 million
by 2025 are not part of these estimates and
represent additional growth over the long term
8
• Barrier technology
• Functional additives
• Processing aids
• Flame retardants
• Light-weighting
additives
Complementary
Technologies
• Clariant’s approved
formulations and
certified facilities
• Legacy PolyOne’s
leading share in
distribution channels
Healthcare
Solutions
• Clariant’s position
in SE Asia,
Latin America,
Germany & Italy
• Legacy PolyOne’s
position in U.S.,
Canada and China
Regional
Strengths
• Solutions with Avient’s
engineered materials
customers
• Avient’s distribution
channels
Segment
Cross-selling
COMPLEMENTARY TECHNOLOGIES AND
CUSTOMERS DRIVE REVENUE SYNERGIES
Revenue synergy opportunities in excess of $50MM by 2025
The complementary aspects of our combined businesses are unquestionable.
Operating Income
$3,783
$4,300
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,650
$308
$410
$308
$430
$1.93
$2.80
$1.93
$3.00
(1) (1)(1)
(1)(1) (1)
$442
$457
$580
$1.74
$1.93
$3.00
FULL YEAR 2019 – 2021 ORGANIC GROWTH
22
Sales Adjusted EBITDA
$3,981
$3,783
$4,650
+ 17%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 31% + 72%
($ 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
23
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
Net Debt / Adjusted EBITDA
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
SUSTAINABILITY FOR A BETTER TOMORROW
• 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
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
25
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.
https://www.avient.com/investor-center/news/polyone-announces-acquisition-fiber-line
Longer term, we expect future growth to be driven by significant technology synergies between fiber and composites, utilizing specialty colorants and coatings, which
https://www.avient.com/products/polymer-additives
Colorant Chromatics™ LND Coatings
https://www.avient.com/sites/default/files/2022-09/Omnicolor Safety Equip Application Snapshot.pdf
SAFETY EQUIPMENT
MANUFACTURER
R E S P I R A T O R A C C E S S O R Y
P A R T S
• Black color concentrate suitable for use in butyrate (PSU)
• Low let down ratio (LDR)
• Quick turnaround time
• Offered compatibility with desired resin
system in required color (Deep Black –
OC9UFA)
• Provided low usage rate of 1% LDR
• Afforded immediate availability of sample for
testing and ordering
Omnicolor™ Multipurpose Colorants
KEY REQUIREMENTS WHY AVIENT?