https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Examples include: • Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility Avient is a certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
FX -11% FX -3% Total Avient -14% YoY Comparison against 2022 pro forma results • Aging infrastructure driving need for greater technological advancements and upgrades • Increased focus on strength and capacity of electrical grid plays into further adoption of composites into the market Where Avient Wins: UV, weather-resistance, customized capabilities Best-in-class customer responsiveness Local high-quality manufacturing, unparalleled breadth of portfolio Expanding position in insulators, utility poles, crossarms, and wind energy Avient Confidential 15 ENERGY 15 • Fiber-optic investments from AT&T, Corning, Commscope continue to drive industry toward innovation • $42B BEAD program in Infrastructure Bill to increase cable deployments; well-positioned to capitalize on “Made in America” requirement and “last mile” buildout Where Avient Wins: Flame retardance, weather-resistance enables faster, safer, more reliable connections Local manufacturing, unparalleled breadth of portfolio Expanding position in insulation for wire jacketing, 5G buildout TELECOMMUNICATIONS Source: U.S.
Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70 Special items, after tax 22.3 0.24 6.4 0.07 Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12 Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89 Three Months Ended March 31, Reconciliation of Pro Forma Sales 2023 2022 Sales $ 845.7 $ 892.2 APM pro forma adjustments — 94.9 Pro forma sales $ 845.7 $ 987.1 1 Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 Net income from continuing operations – GAAP $ 21.3 $ 64.7 Income tax expense 7.7 20.0 Interest expense, net 28.8 16.9 Depreciation and amortization 50.5 37.6 EBITDA from continuing operations $ 108.3 $ 139.2 Special items, before tax 27.3 6.7 Depreciation and amortization included in special items (1.8) (2.1) Adjusted EBITDA $ 133.8 $ 143.8 Pro forma APM adjustments — 32.0 Pro forma adjusted EBITDA $ 133.8 $ 175.8 Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 % Three Months Ended March 31, 2023 2022 Sales: Color, Additives and Inks $ 537.0 $ 649.5 Specialty Engineered Materials 309.7 243.1 Corporate (1.0) (0.4) Sales $ 845.7 $ 892.2 Operating income: Color, Additives and Inks $ 65.6 $ 94.5 Specialty Engineered Materials 43.1 38.3 Corporate (51.6) (30.6) Operating income $ 57.1 $ 102.2 Depreciation & amortization: Color, Additives and Inks $ 25.8 $ 26.0 Specialty Engineered Materials 21.2 7.8 Corporate 3.5 3.8 Depreciation & Amortization $ 50.5 $ 37.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 91.4 $ 120.5 Specialty Engineered Materials 64.3 46.1 Corporate (48.1) (26.8) Other income (expense), net 0.7 (0.6) EBITDA $ 108.3 $ 139.2 2 AVNT Fermium Conference - May 2023.pdf AVNT Q1 2023 Earnings Presentation.pdf AVNT Q1 2023 Earnings Presentation 5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/investor-center/news/polyone-announces-record-fourth-quarter-and-full-year-2015-results
Completed acquisition of Magenta Master Fibers, expanding solutions portfolio of colorant and additives technologies for fiber applications
Color, Additives and Inks
Color, Additives and Inks
https://www.avient.com/sites/default/files/2024-05/Cesa Fiber Additives Hydrophobic for PP Nonvoven Medical - Case Study_0520.pdf
Medical textile manufacturer MEDICAL TEXTILE MANUFACTURER A A M I S T A N D A R D G O W N S • Water repellent properties for nonwoven fabric • Fast and long-lasting water repellency • Usable in nonwoven SMS spunbond layer • Enhanced liquid repellency in spunbond layer • Eliminated the need for secondary water repellent coatings • Provided long lasting hydrophobic performance • Achieved IPA repellency grade 6 Cesa Fiber Additives Hydrophobic Solutions KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/sites/default/files/2023-11/Cesa Fiber Additives Hydrophobic for PP Nonwovens Product Bulletin.pdf Slide 1: Medical textile manufacturer
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-peek-colorants
Colorant Chromatics™ PEEK Colorants
PEI Colorants: Colorant Chromatics™
PES/PSU/PPSU Colorants: Colorant Chromatics™
https://www.avient.com/news/polyone-showcases-its-expertise-and-comprehensive-medical-polymers-and-colorants-portfolio-mdm-west-2018
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PolyOne Showcases Its Expertise and Comprehensive Medical Polymers and Colorants Portfolio at MD&M West 2018
Color and Additives:
OnColor™ HC Colorants and OnCap™ HC Additives: Launching additional pre-certified OnCap Plus additives that complement OnColor colorant formulations, giving customers a wider range of resin choices
https://www.avient.com/news/molded-color-parts-replace-metallic-paint-suv-center-console-housing
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Molded-in-Color Parts Replace Metallic Paint on SUV Center Console Housing
To support the transition to molded-in-color (MIC) parts, PolyOne provided metallic-effect Smartbatch™ FX masterbatch colorants for two PC/ABS side panels on the center console of a compact SUV now entering commercial production.
To provide customers with additional information on making the switch from paint to molded-in-color parts, PolyOne has created an eBook titled, “Trend Report: Efficient Manufacturing And Molded-In Color.”
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
Mevopur™ Healthcare Colorants and Formulations
Standard and custom color solutions for today's complex medical applications.
Range of white colorants developed for use in pharmaceutical packaging
https://www.avient.com/industries/healthcare/drug-delivery-systems/prefilled-syringes
Colors standardized to RAL and Pantone color systems to align with ISO 6009 standard
Polymer Colorants
Color Cosmetics
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Patterson added, “Last year, we substantially expanded our composite offerings with the acquisition of Dyneema®, the world’s strongest fiber™, and I’m pleased to report integration is progressing exceptionally well.
Examples include: • Dyneema®, the world’s strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
Three Months Ended March 31, 2023 2022 Sales: Color, Additives and Inks $ 537.0 $ 649.5 Specialty Engineered Materials 309.7 243.1 Corporate (1.0) (0.4) Sales $ 845.7 $ 892.2 Gross margin: Color, Additives and Inks $ 162.0 $ 192.1 Specialty Engineered Materials 93.9 68.4 Corporate (8.3) (6.1) Gross margin $ 247.6 $ 254.4 Selling and administrative expense: Color, Additives and Inks $ 96.4 $ 97.6 Specialty Engineered Materials 50.8 30.1 Corporate 43.3 24.5 Selling and administrative expense $ 190.5 $ 152.2 Operating income: Color, Additives and Inks $ 65.6 $ 94.5 Specialty Engineered Materials 43.1 38.3 Corporate (51.6) (30.6) Operating income $ 57.1 $ 102.2 Depreciation & amortization: Color, Additives and Inks $ 25.8 $ 26.0 Specialty Engineered Materials 21.2 7.8 Corporate 3.5 3.8 Depreciation & Amortization $ 50.5 $ 37.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 91.4 $ 120.5 Specialty Engineered Materials 64.3 46.1 Corporate (48.1) (26.8) Other income (expense), net 0.7 (0.6) EBITDA $ 108.3 $ 139.2 13 Attachment 7 Avient Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) (In millions, except per share data) Senior management uses gross margin before special items and operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pfa/mfa-colorants
Colorant Chromatics™ PFA/MFA Colorants
Fluoropolymer Colorants: Colorant Chromatics™
PES/PSU/PPSU Colorants: Colorant Chromatics™