https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-petpolyester.pdf
Key Features • Good chemical resistance • Hydrophobic • Good abrasion resistance • Good tensile strength Disadvantages • Flammable • Dissolves in strong alkalis • Susceptible to creep FIBER-LINE® PROCESS FOR PET POLYESTER • Coating • Twisting • Extrusion • Precision Winding FIBER-LINE® PET POLYESTER PRODUCTS • Swellcoat® Binder Yarn • Swellcoat® Buffer Thread • Swellcoat® Filler Yarn • Ripcords • Round Sling Core Yarn Abrasion Resistance Yarn on Yarn Abrasion Ultraviolet (UV) Resistance Flame Resistance Chemical Resistance (Acid) Chemical Resistance (Alkali) Chemical Resistance (Organic Solvent) P P P X P O P Property UOM Value Breaking Tenacity g/d 9.3 Specific Gravity Ratio 1.38 Elongation @ Break % 14.6 Tensile Modulus g/d 120 Moisture Regain* % 0.4 Creep** % 1.0 – 12.0 Shrinkage*** % 8.0 – 15.0 Melt Point °C 256 Decomposition Temp.
°C TBD Property UOM Value Breaking Tenacity g/d 8.4 Specific Gravity Ratio 1.38 Elongation @ Break % 19.5 Tensile Modulus g/d 70 Moisture Regain* % 0.4 Creep** % 1.0 – 12.0 Shrinkage*** % 3.0 – 8.0 Melt Point °C 256 Decomposition Temp.
https://www.avient.com/sites/default/files/2025-05/Cesa Stat Pet Food Packaging Case Study Snapshot.pdf
FLEXIBLE PACKAGING COMPANY P E T F O O D P A C K A G I N G • Incorporate an antistatic additive into pet food packaging to dissipate static in hot and dry environments • Improve efficiency within a robotic packaging process • Support extended packaging shelf life • Leveraged technical expertise in packaging additives to identify a suitable formulation for static dissipation in harsh environments • Provided a customized and effective antistatic additive solution that complemented the automated packaging process while providing added durability and protection to extend shelf life Cesa Stat Antistatic Additives KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/CCG Food Handling - Application Snapshot.pdf
APPLIANCE MAKER F O O D H A N D L I N G & C O O K I N G C O M P O N E N T S • Minimize yellow / amber color tone of PEI and PES that detracts from the perception of quality for cooking and food service appliances • Maintain inherent heat and steam resistance of PEI and PES • Food contact compatibility • Colorants counteracted yellow tones without sacrificing heat and steam resistance • Achieved a more intense blue-gray shade that reinforces appliance quality and cleanliness and improves perception of the food Colorant Chromaticsä Precolor and Masterbatch Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/versaflex-cpap-tubing-film.pdf
Versaflex - CPAP tubing film CPAP TUBING C O R R U G A T E D T U B I N G F I L M • Replacement for polyolefins • Good spring-back • Bondable cuffs • Clear & clean look • Minimize humidity and condensation within the tube • No noticeable odor • FDA, ISO 10993 & USP VI compatible • Provided TPE solution to meet market expectations for improved user comfort & aesthetics • Reduced tube noise and improved drape compliance with new material solution versus polyolefins • Offered solution with improved thermal properties to combat humidity Versaflex™ CL2250 KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/automotive-ir-lens-of-sensor-case-study-brief.pdf
FAMOUS TIER 2 COMPANY A U T O M O T I V E L I G H T I N G I R L E N S O F S E N S O R • High heat resistance up to 203°C • PESU base resin with high IR transmission • Visible light cannot pass through • Used rich experience with different IR transmission materials to support customer’s material design and test method • Customized color for IR transmittance, which allowed IR to pass through the plastic lamp without accumulating high heat Edgetek™ ET9400-8005 IR Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-05/Bergamid-Racing Wheel-Application snapshot_0429.pdf
Bergamid-Racing Wheel-Application snapshot_0429 CONSUMER ELECTRONICS BRAND G E A R O F R A C I N G W H E E L • Achieve high strength and abrasion resistance • Deliver smooth, quiet functionality and minimize backlash for improved control • Delivered glass fiber reinforced nylon formulation to meet the requirements for high strength and abrasion resistance • Offered local service and support, which helped to accelerate production • Provided stable supply despite the nylon shortage issues in the market Bergamid™ Polymer Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-12/Versaflex OM TPEs for Sealing Ring of Blood Lancet.pdf
BLOOD LANCET MANUFACTURER S E A L I N G R I N G • Compliance with strict regulations for medical materials • Excellent sealing performance • Good compression set • Provided a recycled TPE solutions compared to silicone without increasing system cost • Delivered a TPE that complied with ISO 10993-4 & -5 and USP Class VI • Supported a change to an injection molded material to ease production and enhance assembly capabilities Versaflex™ HC TPEs – OM1040-1 Grade KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-05/Mevopur-Surgical Gown-Case study snapshot_0520.pdf
Medical textile manufacturer LEARN MORE MEDICAL TEXTILE MANUFACTURER S U R G I C A L D R A P E S & G O W N S • Pre-tested for ISO 10993 biocompatibility standard • Available in standard blue or other customized colors • Compatible with ETO sterilization • Suitable for use in non-woven SMS spunbond layer • Offered standard blue and custom colors such as green • Pre-tested raw materials for biocompatibility ISO10993 standard • Manufactured under ISO 13485 certified medical sites with change control in place MevopurTM Healthcare Colorants and Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-08/Garage Door Panel_Case Study Snapshot_July2024_v1.pdf
GARAGE DOOR OEM G A R A G E D O O R P A N E L S • Replace incumbent material with structural composite panel meeting UV and thermal requirements • Lightweight & impact resistant • Ability to withstand weather conditions • Simplify the manufacturing process • Custom-formulated panels with UV stable laminates and core that met thermal requirements • Provided panels with high durability, impact resistance, and weatherability • Improved the efficiency of the manufacturing process for OEM with panels cut-to-size in-house Polystrand™ Thermoplastic Composite Panels KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
D is t. ) K W R R P M P P G A V Y F U L G C P F M C H X L IF F 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 March 12, 2021 Avient reflects 2021 estimated revenue of $4,100M 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 $510M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of March 12, 2021 85 89 86 86 82 80 76 89 85 83 82 81 78 77 77 76 75 73 70 69 49 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 B N R F O E E M N C E G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of March 12, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation implies an EBITDA multiple that is below specialty formulator peers and some of our more highly valued chemical peers.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 26 Avient reflects 2021 estimated EBITDA of $510M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 11.3 18.6 14.3 13.6 13.3 12.2 10.7 28.8 26.3 23.3 14.6 12.4 11.7 11.6 11.2 11.0 10.6 10.3 9.6 9.1 8.5 7.2 A vi en t K W R A V Y R P M P P G G C P F U L H X L A L B E C L IF F F M C A S H F O E B N R C E G R A E M N S C L U N V R K R A H U N Median: 11.2xMedian: 13.5x SUMMARY: WHY INVEST IN AVIENT?