https://www.avient.com/sites/default/files/2020-08/specialty-dispersions-overview.pdf
COLORANT DISPERSIONS
RUBBER COLORANT DISPERSIONS
Stan-Tone™ MB/MC & EP
Stan-Tone™ MB/MC & EP are pigment dispersions
for rubber systems, available in customizable binder
systems suited for nitrile, EPR, EPDM, SBR, natural
rubber, CPE and EVA compounds
Applications: industrial goods, auto mats, rubber
flooring, sponge rubber, wire and cable
URETHANE COLORANT DISPERSIONS
Polyester Urethane Paste Colorants:
Stan-Tone™ PEP
Stan-Tone™ PEP colorants are reactive and
compatible with polyester systems, reacting to
become part of the final cured product
Applications: cast urethane wheels, industrial
rollers, rigid foams, adhesives, laminates, pultrusion,
glass reinforced composites, coated fabrics
Polyether Urethane Paste Colorants:
Stan-Tone™ ET
Stan-Tone™ ET colorants for urethane are compatible
with polyether systems, reacting to become part of
the final cured product
Applications: flexible foam, cast-able rolls
and wheels, adhesives and laminates
EPOXY COLORANT DISPERSIONS
Stan-Tone™ EPX
Stan-Tone™ EPX consists of selected pigments
dispersed in a Bisphenol A undiluted epoxy resin with
an epoxide equivalent of 185
Applications: protective coatings, adhesives, epoxy
flooring, electrical potting and laminates
VINYL COLORANT DISPERSIONS
Stan-Tone™ VC & VCP
Stan-Tone™ VC and VCP are products based on single
pigment or multi-pigment blends and are designed
for applications in which dispersion, uniformity,
compatibility and cleanliness are essential
Applications: profile extrusions, decking, outdoor
furniture, calendaring applications
Plasticizer-Based Colorants for Vinyl Paste:
Stan-Tone™ HCC
Stan-Tone™ HCC dispersions consist of selected
pigments dispersed in diisodecyl phthalate
plasticizer (DIDP) and are designed for applications
in which dispersion, uniformity, compatibility and
cleanliness are essential
Applications: coated fabric, vinyl sealants,
adhesives, wall coverings, toys and sporting goods
SILICONE COLORANT DISPERSIONS
Liquid Silicone Colorants:
Silcopas™
Stan-Tone™ SP or FSP (FDA-compliant)
Silcotec™ SL
Stan-Tone™ HC Plus LSR (class VI certified)
Silicone paste colorants are single pigment or custom-
made dispersions using a silicone carrier specially
developed for liquid silicone rubber (LSR) injection
molding applications
Applications: infant care, toys, seals, gaskets and
medical equipment
High Consistency Silicone Rubber Colorants:
Silcogum™
Silcotec™ S
Stan-Tone™ SMB
Stan-Tone™ HC Plus HCR (class VI certified)
Silicone rubber colorants are made with a silicone
elastomer gum binder resulting in cuttable
masterbatches or slabs for ease of handling, especially
for 2-roll, open-mill mixing
Applications: mechanical seals, keypads, gaskets, wire
and cable jacketing
Room Temperature Vulcanization Colorants:
Silcopas™ RTV and Stan-Tone™ SP
Silcopas™ RTV and Stan-Tone™ SP colorants
offer a standard line of single pigment or custom
made dispersions using a low viscosity dimethyl
fluid specially developed for room temperature
vulcanization (RTV) rubber
Applications: caulks, sealants, adhesives
WATER-BASED COLORANT DISPERSIONS
Water-Based Liquid Colorants:
Stan-Tone™ WDN
Stan-Tone™ WDN water dispersions are high-solids
organic or inorganic pigment dispersions designed to
help meet standards for dispersion including pH levels
and strength and shade
Applications: dipped latex balloons and gloves,
coatings and adhesive systems
ADDITIVE
DISPERSIONS
AQUEOUS ADDITIVE DISPERSIONS
Aquamix™
Aquamix™ chemical dispersions are a full line of
dispersed and emulsified curatives, antioxidants,
fillers, vulcanizers, optical brighteners, flame
retardants, UV stabilizers and tackifiers
Applications: adhesives and latex compounding,
curatives
SILICONE ADDITIVE DISPERSIONS
Electrically Conductive Additives for Silicone:
Silcosperse™ EC
Silcosperse™ EC electrically conductive additives
provide high conductivity and lower filler loadings
Applications: resistors, printable electronics, flexible
electronics, insulator depolarizers
Laser Marking Additives for Silicone:
Silcosperse™ LM
Silcosperse™ LM laser marking additives are
dispersions that contain laser absorbers and color
formers that eliminate the need for secondary etching
Applications: medical device housings, electronic
device housings, wire and cable jacketing
Peroxide Additives for Silicone:
Silcocat™
Silcocat™ dispersions can improve silicone molding
process by stabilizing silicone peroxide compound levels
Applications: automotive hoses, seals, gaskets
Heat Stabilizer Additives for Silicone:
Silcosperse™
The Silcosperse™ family of heat stabilizing additives
provide a high quality dispersion into silicone
designed to enhance heat resistance of silicone
compounds
Mold Release Additives for Silicone:
Silcosperse™ IMR
Silcosperse™ IMR is an internal mold release
dispersion designed to be added to the silicone or
fluorosilicone compound to facilitate the de-molding
of finished parts
Acid Acceptor Additives for Silicone:
Silcosperse™ 180
Silcosperse™ 180 acid acceptor is a premium
dispersion used to neutralize acid by-products
generated by certain peroxides
Viscosity Modifiers for Silicone:
Silcosperse™ 237
Silcosperse™ 237 modifier dispersions are designed
to raise or control the viscosity without changing
solid content
SPECIALTY
PRODUCTS
DRY POWDER COLORANTS
Stan-Tone™ D and Stan-Tone™ DC
Stan-Tone™ D and Stan-Tone™ DC are dry powder
pigments available in a range of hues and
chemical types
WET OR DRY BLEND COLORANTS
Stan-Tone™ DB
Stan-Tone™ DB dry blend colorants provide
enhanced performance over dry colors, resulting
in uniform critical pigment weight ratios for
improved color control
SELF-BONDING SILICONE
Silcotec™ SCB
Silcotec™ SCB self-bonding silicone solutions
allow silicone to bond to various substrates
without prime coating
To learn more about our colorant & additive dispersions,
please contact us at +1.844.4AVIENT (1.844.428.4368) or
visit www.avient.com.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
In 2020, we updated our
applications and revenue to better represent how we enable our customers’ sustainability
goals, as well reflect the sustainable technologies of recently acquired Clariant Masterbatch
business.
Avient will use this data to develop new and unique
masterbatch formulations with proven science behind how
they perform during recycling processes, offering customers
a portfolio that’s essentially field-tested for recycling.
In 2020, we updated our
applications and revenue to better represent how we enable our customers’ sustainability
goals, as well reflect the sustainable technologies of recently acquired Clariant Masterbatch
business.
https://www.avient.com/industries/packaging/beverage-packaging/water
Liquid and masterbatch colorants to provide shelf appeal
Smartbatch™ formulations blend design and function in one masterbatch solution
Antimicrobial technology, custom colors and performance additives in one masterbatch
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Coincident with the acquisition of the
Clariant Color business in 2020, we branded the collective enterprise Avient—a new name for
a new kind of materials company.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 40Sustainability Report | 2023 40
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainability-report/products/how-our-products-enable-sustainability
Service Innovation
Enables Quality Recycle
Post-Consumer Recycle (PCR) Color Predictive Tool
Innovation Award, Winner:
Plastics Industr y Association
Product Technology Innovation, Winner:
Plastics Recycling Awards Europe 2023
Product
Innovation
Enables PCR Claims + Low CO
2
reSound™ Ultra-Low Carbon Footprint TPE
Innovation Award, Finalist:
Plastics Industr y Association
Rejoin™ 100% PCR Masterbatch
Sustainable Packaging Innovation Finalist:
U.S.
SUPPLIERS AVIENT CUSTOMERS
Strategy
Avient is actively involved in various associations including the ACC,
European MasterBatchers and Compounders (EuMBC), European
Plastics Converters (EuPC) and Titanium Dioxide Manufacturers
Association (TDMA).
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Coincident with the acquisition of the
Clariant Color business in 2020, we branded the collective enterprise Avient—a new name for
a new kind of materials company.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 40Sustainability Report | 2023 40
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainability-report/products/how-our-products-enable-sustainability
Service Innovation
Enables Quality Recycle
Post-Consumer Recycle (PCR) Color Predictive Tool
Innovation Award, Winner:
Plastics Industr y Association
Product Technology Innovation, Winner:
Plastics Recycling Awards Europe 2023
Product
Innovation
Enables PCR Claims + Low CO
2
reSound™ Ultra-Low Carbon Footprint TPE
Innovation Award, Finalist:
Plastics Industr y Association
Rejoin™ 100% PCR Masterbatch
Sustainable Packaging Innovation Finalist:
U.S.
SUPPLIERS AVIENT CUSTOMERS
Strategy
Avient is actively involved in various associations including the ACC,
European MasterBatchers and Compounders (EuMBC), European
Plastics Converters (EuPC) and Titanium Dioxide Manufacturers
Association (TDMA).
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
GUIDANCE
$800
$754
Guidance Actual
$128
$123
Guidance Actual
Sales Adjusted EBITDA
(in millions)
$0.56 $0.57
Guidance Actual
Adjusted EPS
(in millions)
13
• Demand impacted by destocking
and cautious customer sentiment
• Positive net price benefit:
o CAI - Pricing flat and raw
material deflation
o SEM - Pricing flat with
unfavorable mix related to
healthcare, more than offset
with raw material deflation
• Cost reductions driven by Clariant
synergies and reduced
administrative costs
Q3 EBITDA BRIDGE
($ millions)
CAI:
Price / Mix -)
Deflation 22)
SEM:
Price / Mix (6)
Deflation 13)
Net Price Benefit 29)
Cost Reductions 13)
Wage Inflation (8)
FX 1)
Q3 2023 Actual $ 123)
Adjusted
EBITDA
Q3 2022 Pro Forma $ 137)
Demand (49)
14
2 0 2 3 G U I D A N C E
Q4 2023 GUIDANCE VS.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
19
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
21
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
22
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 23
SUSTAINABILITY
INVESTOR DAY
23
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
24
*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 Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
25
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
26
A P P E N D I X
29
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
31
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
32
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
33
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
34
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of May 31, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
36
3
2
3
3
4 4
3
3
4
5
5
6
8
9
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
H
U
N
C
E
H
X
L
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of May 31, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/resource-center?document_type=59&all=1
Rejoin PCR Masterbatch for Polyolefins (Chinese)
Masterbatch Solutions for Mosquito Nets
Functional masterbatch for protective face masks (English version)
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
In July 2020, following our transformational acquisition of Clariant
Color, we branded the collective enterprise as Avient —a new name, for a new kind of materials company.
Director since: 2018
Age: 69
Current Public Company Directorships:
• Haemonetics Corporation
Former Directorships:
• Halyard Health, Inc.
• RadioShack Corp.
• Lubrizol Corp.
• Kimberly-Clark de Mexico
Richard H.
Hennessy Capital Investment
Corp.
https://www.avient.com/news/polyone-acquires-magenta-master-fibers
By offering both liquid and solid masterbatch solutions, we better ensure that the chosen technology is the best one for each customer's specific needs," explained