https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense associated with intangible assets. 2 O P E N I N G RE MARK S B O B P A T T E R S O N C H A I R M A N , P R E S I D E N T A N D C E O Complementary technologies and customer relationships offer opportunity to advance commercial strategy Dyneema®, the world’s strongest fiber™, to accelerate growth of sustainable, ultralight and high performance applications AVIENT PROTECTIVE MATERIALS FIRST YEAR 4 Composites comprises over half of Specialty Engineered Materials, compared to 9% in 2016 Proven history of success in areas such as outdoor high performance, defense and sustainable solutions Composites 44% 56% 2023E Sales Collaboration & InnovationComposites as a % of SEM People & Culture Talented, passionate, and creative associates drive continued integration success and allow two cultures to come together as one Avient Lightweight Protective Laminates: PROJECTILE PROTECTION Dyneema® Fiber Solutions Cushioning + Fit + Comfort: LONG-TERM WEAR reSound™ Versaflex™ Thermoplastic Elastomers Strength + Durability + Light-Weighting: SOLID MOUNTING BRACKETS Nymax™ Bergamid™ Complēt™ Engineered Materials Durability + Lubricity: HELMET LATCHES Lubri-One™ Internally Lubricated Polymers Color Consistency and Weatherability CUSTOMIZED SPECIFICATIONS Avient Color and Additive Solutions Antennae Performance FAST, RELIABLE CONNECTIONS PREPERM™ Low-Loss Dielectric Thermoplastics AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES Wired Connections CONSTANT COMMUNICATION Syncure™ Cross-linkable Wire & Cable Formulations5 6 AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES 6 Q 3 P E RFO RMAN CE 15.4% 16.3% 2022 PF 2023 Results vs.
GUIDANCE $800 $754 Guidance Actual $128 $123 Guidance Actual Sales Adjusted EBITDA (in millions) $0.56 $0.57 Guidance Actual Adjusted EPS (in millions) 9 • Demand impacted by destocking and cautious customer sentiment • Positive net price benefit: o CAI - Pricing flat and raw material deflation o SEM - Pricing flat with unfavorable mix related to healthcare, more than offset with raw material deflation • Cost reductions driven by Clariant synergies and reduced administrative costs Q3 EBITDA BRIDGE ($ 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) 10 2023 G U I DAN CE Q4 2023 GUIDANCE VS.
Senior management believes the measures described above are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
Microsoft PowerPoint - AVNT Q3 2024 Earnings Presentation_10.29_12PM AVIENT CORPORATION T H I R D Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4 F I N A N C I A L G U I D A N C E (NYSE: AVNT) O C T O B E R 3 1 , 2 0 2 4 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
FX +8.5% FX -0.4% Total Avient +8.1% Note: Regional Sales Percentages exclude impact of foreign exchange COLOR, ADDITIVES & INKS SEGMENT (Q3 2024 PERFORMANCE VS Q3 2023) $487 $522 Q3 23 Q3 24 $89 $97 Q3 23 Q3 24 Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 7 + 7% (+8% excluding FX) + 9% (+11% excluding FX) 18.3% +40 bps *18.7% * * Adjusted EBITDA Margin % • Sales growth driven by winning new product specifications in consumer & packaging, strong underlying demand in healthcare and improving demand in building & construction • Favorable mix and raw material deflation contributed to EBITDA margin expansion SPECIALTY ENGINEERED MATERIALS SEGMENT (Q3 2024 PERFORMANCE VS Q3 2023) $268 $295 Q3 23 Q3 24 $51 $57 Q3 23 Q3 24 Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 8 • Sales growth driven by restocking in healthcare & consumer end markets and strong underlying demand for composite applications used in building & construction, energy and defense end markets • Favorable mix contributed to EBITDA margin expansion + 10% (+10% excluding FX) + 12% (+13% excluding FX) 19.0% +40 bps *19.4% * * Adjusted EBITDA Margin % 2024 G U IDA N CE FY 2024 GUIDANCE Previous (Aug 6) Current Adjusted EPS $2.55 to $2.70 $2.63 to $2.67 Adjusted EBITDA $515 to $540 million $525 to $530 million Interest Expense $105 million $104 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures & Investment in S/4 Hana ~$140 million ~$140 million 10 11 • Investor Day to be held December 4, 2024 at the NYSE, beginning at 10AM • The focus will be to do a deep dive on the Company’s strategy • Registration and microsite will be available in early November 2024 AVIENT INVESTOR DAY AP P EN D IX 18 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% 20 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 B ILL ION US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 21 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 B ILL ION US & Canada 52% EMEA 35% Asia 13% 22 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% 23 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.
Senior management believes the measures described above are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
PRODUCT BULLETIN VERSAFLEX™ GP 2810-40N AM VERSAFLEX™ CE 3120-65* AM ONFLEX™ LO 7120-45 AM Applications Personal care grips Consumer packaging Consumer electronics Charging stations HVAC seals Cup holder mats Color Natural Natural Natural Durometer, Shore A 45 66 45 Specific Gravity (kg/m3) 0.87 1.14 1.13 Tensile Strength (PSI) 650 1200 585 Elongation % 700 600 685 Modulus @ 300% |(PSI) 260 585 300 Injection Moldable Yes Yes Yes OM Substrate PP PC, ABS, PC/ABS, COPE PP TECHNICAL PROPERTIES *UL listing does not apply; testing can be completed if required by the customer Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2022-10/Edgetek Toughened PPA Technical Bulletin.pdf
Edgetek™ ET9700-0031 HI HS NAT Edgetek™ ET9700-0033 20GF HI HS NAT Edgetek™ ET9700-0032 35GF HI HS NAT Description Unfilled GF 20% GF 35% Color Natural & Black Natural & Black Natural & Black Notched Impact (kJ/m2) 19.0 13.8 13 Un-Notched Impact (kJ/m2) No Break 73 87 HDT, 1.83 MPa (°C) 112 182 258 Tensile Strength, yield (MPa) 60 106 183 Tensile Elongation, yield (%) 6.0 3.5 2.2 Flexural Modulus (MPa) 2235 5288 9058 Flexural Strength (MPa) 96 170 264 Heat Stabilization Yes Yes Yes
https://www.avient.com/sites/default/files/2024-04/LubriOne Internally Lubricated Formulations PTFE Free Series Product Bulletin.pdf
KEY CHARACTERISTICS • Excellent wear resistance • Reduced friction, heat build-up, noise & vibration • Improved processability & surface finish on parts • Lower power requirements & low maintenance • Reduced tool contamination and corrosion • Reduction in lubricant migration time • Design flexibility • Reduced weight • Chemically resistant MARKETS & APPLICATIONS Ideal for applications in many industries including transportation, industrial, household, electrical and electronics including: • Transportation – Fuel flap axis, interior door handle axis, gears, seat mechanics, sun-roof sliding mechanisms, side mirror parts • Industrial – Conveyor belt gears, pulleys • Household – Window/door runners, furniture parts, hinges • Electrical and electronics – Electrical plug safety parts, printers, barcode scanners PRODUCT BULLETIN EUROPE GRADES ASIA GRADES Material Name Base Resin Reinforcing Filler Lubricating Filler LubriOne LB6000-5024 RS HI natural PA6 GF10 UHMWPE Lubrione LB6000-5021 RS S1 GF30 UHMWPE Lubrione LB6000-5021 RS X2 GF30 UHMWPE LubriOne LB6000-5019 X1 black GF50 UHMWPE LubriOne LB6700-5001 RS AF black PA6/PA66 GF50 UHMWPE LubriOne NN-000/01M black SO PA66 Unfilled MoS2 LubriOne REC LB6600-5030 RS grey GF33 Graphite LubriOne LB3300-5010 RS natural PBT GF20 UHMWPE LubriOne LB3300-5005 RS natural MI20 UHMWPE LubriOne REC LB3220-5001 RS C natural X1 PC GF10 UHMWPE LubriOne LB8900-5010 GP grey PKE Unfilled Graphite LubriOne LB8900-5006 RS PE natural GF20 UHMWPE LubriOne LB8900-5004 RS PE natural GF30 UHMWPE LubriOne LB4200-5022 black POM Unfilled MoS2 LubriOne LB4200-5023 natural Unfilled UHMWPE LubriOne LB9200-5012 RS PE natural PPS GF30 UHMWPE Material Name Base Resin Reinforcing Filler Lubricating Filler LubriOne LB6600-8056 LB BK001 PA66 Unfilled LDPE LubriOne LB6600-8054 RS BK001 CF30 LDPE LubriOne LB6600-8052 RS BK001 GF30 LDPE LubriOne LB4200-8032 RS NC001 POM GF30 LDPE LubriOne LB4200-8030 AR NC001 AF10 LDPE LubriOne LB4200-8026 LB BK001 Unfilled LDPE+HDPE LubriOne LB3200-8022 LB BK001 PC Unfilled UHMWHDPE LubriOne LB3200-8021 RS BK001 GF30 UHMWHDPE LubriOne LB7600-8008 RS BK001 PPO GF20 UHMWHDPE Copyright © 2024, Avient Corporation.
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/short-fiber-reinforced-formulations
OnColor™ Naturals Colorants
OnColor™ Naturals Colorants
OnColor™ SC Super Concentrate Technologies
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-panels
OnColor™ Naturals Colorants
OnColor™ Naturals Colorants
OnColor™ SC Super Concentrate Technologies
https://www.avient.com/products/long-fiber-technology/long-fiber-technologies
OnColor™ Naturals Colorants
OnColor™ Naturals Colorants
OnColor™ SC Super Concentrate Technologies
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-triple-acetaldehyde-scavenger-pet
OnColor™ Naturals Colorants
OnColor™ Naturals Colorants
OnColor™ SC Super Concentrate Technologies
https://www.avient.com/products/polymer-additives/antioxidant-additives
OnColor™ Naturals Colorants
OnColor™ Naturals Colorants
OnColor™ SC Super Concentrate Technologies