https://www.avient.com/sites/default/files/2022-12/Cesa Fiber Additives Chain Extenders for Recycled PET Fibers Product Bulletin.pdf
Cesa™ Fiber Additives Chain Extenders for Recycled PET Fibers In an effort to contribute to the circular economy, the use of recycled content in textile products is growing.
Polyester is a favored polymer to recycle and reprocess in different industries and this is also the case for the fiber industry.
The Cesa™ Fiber Additives portfolio includes chain extenders specially formulated to help recouple depolymerized polymer chains and support a more stable processing of recycled flakes into fibers.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
ASHISH KHANDPUR PRESIDENT & CEO 4 5 PORTFOLIO TRANSFORMATION 5 7% 46% 66% 87% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2020 2023 % o f A dj us te d EB IT D A Commodity JVs Distribution Performance Products & Solutions Specialty Businesses Adjusted EBITDA from Specialty Applications SUSTAINABILITY AS A GROWTH DRIVER 7 LONG-TERM REVENUE GROWTH DRIVERS Sustainable Solutions Composites, Healthcare, Asia / LATAM Overlap Other 60%+ Key Growth Drivers Total Company Revenue Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Composites 8–10% Healthcare 8–10% Asia / LATAM 5% Other 0–2% Avient 6% END MARKET OBSERVATIONS (% OF COMPANY SALES) ENERGY 5% DEFENSE 7% TELECOMMUNICATIONS 4% HEALTHCARE 7% 8 TRANSPORTATION 10% INDUSTRIAL 16% BUILDING & CONSTRUCTION 9% CONSUMER 19% PACKAGING 23% 9 REGIONAL OBSERVATIONS (% OF COMPANY SALES) 9 US & Canada Latin America EMEA Asia 41% 36% 18% 5% Q 4 2 0 2 3 R E S U LT S Q4 2023 PERFORMANCE VS.
PY (TOTAL COMPANY) $790 $719 2022 2023 $107 $114 2022 2023 Sales Adjusted EBITDA (in millions) $0.42 $0.52 2022 2023 Adjusted EPS (in millions) - 9% + 7% + 24% Sales Adjusted EBITDA Adjusted EPS 13 Q4 2023 SEGMENT PERFORMANCE 14 CAI $491 $459 Sales (in millions) $70 $84 EBITDA SEM $301 $260 Sales $55 $49 EBITDA - 7% - 14%+20% - 11% 2022 2023 (in millions) Q4 EBITDA BRIDGE (TOTAL COMPANY) 15 $ millions CAI: Price / Mix 11 Deflation 14 SEM: Price / Mix 4 Deflation 9 Net Price Benefit 38 Cost Reductions 13 Wage Inflation (8) Other (2) Q4 2023 $114 Adjusted EBITDA Q4 2022 $ 107 Demand (34) • Demand was down, but less than in previous quarters, due to slowing pace of destocking • Positive net price benefit: o CAI – Pricing flat with favorable mix from uptick in packaging and consumer end markets and raw material deflation o SEM - Pricing flat with favorable mix from Composites and raw material deflation • Cost reductions primarily driven by reduced administrative costs and cost synergies 2 0 2 4 G U I DA N C E 2024 GUIDANCE Full Year 2024 Guidance Adjusted EBITDA $505 to $535 million Adjusted EPS $2.40 to $2.65 Interest Expense $105 to $110 million Adjusted Effective Tax Rate 23% to 25% Capital Expenditures ~$140 million 17 Q1 Adjusted EPS of $0.68 A P P E N D I X 20 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% 22 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 BILLION US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 23 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 BILLION US & Canada 52% EMEA 35% Asia 13% 24 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% 25 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.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-performance-enhancing-processes/performance-enhancing-coating
Fiber-Line™ Coatings
Fiber-Line™ Engineered Fiber Products
Fiber-Line Coatings
https://www.avient.com/sites/default/files/2023-08/Fiber-Line Winding Product Bulletin.pdf
Fiber-Line™ Precision Winding PRODUCT BULLETIN Precision winding is a process in which successive coils of fiber are laid parallel or nearly parallel with each other to hold the maximum amount of fiber in a given volume.
Precision wound packages are critical for processing Fiber-Line™ engineered fibers.
Fiber-Line engineered fibers are supplied on a variety of colored, embossed and/or slit cardboard tubes to meet your equipment needs.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/wire-harness-yarn
Fiber-Line™ Wire Harness Yarn
Fiber-Line Engineered Fibers - Products & Applications
Technora® Fiber
https://www.avient.com/sites/default/files/2023-08/Cesa Fiber Tracer Concentrates Product Bulletin_CN7.25-3.pdf
Cesa Fiber Tracer Concentrates Product Bulletin_CN Cesa™ 纤维追踪剂 产品公告 通常情况下,纺织品供应链长且复杂,涉及众 多材料和服务供应商。
https://www.avient.com/knowledge-base/case-study/lighter-weight-greater-durability-luxury-vehicles?sust[]=1165
Maxxam™ formulations are based on polypropylene and polyethylene resins and can be filled and reinforced to satisfy the required performance characteristic.
https://www.avient.com/knowledge-base/case-study/lighter-weight-greater-durability-luxury-vehicles?pname[]=16817
Maxxam™ formulations are based on polypropylene and polyethylene resins and can be filled and reinforced to satisfy the required performance characteristic.
https://www.avient.com/knowledge-base/article/overmolding-tpe-selection?rtype[]=1164
Polypropylene
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/remafin-concentrates-polyolefins
Under the Remafin™ brand name, color masterbatches (color concentrates) are specially formulated for use in polyolefin polymers, including high-density, low-density and linear low-density polyethylene (PE), and polypropylene (PP).