https://www.avient.com/products/polymer-additives/biopolymer-colorants-and-additives
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/polymer-additives/chain-extender-additives
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/polymer-additives/additive-dispersions
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/polymer-additives/reheat-additives-pet
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/kevlar-distribution-program
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology
GLS™ TPEs with Antimicrobial Technologies
reSound™ Ultra-Low Carbon Footprint TPEs
Versaflex™ TF Adhesive TPEs for Textile Fabrics
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
8
Distribution
DSM Protective
Materials
BOLT-ON ACQUISITION HISTORY
9
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
100%
0%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
Product designers and manufacturers are turning to
thermoplastic elastomers (TPEs) to replace silicone and
natural rubber.
VERSAFLEX™ TPEs allow manufacturers to switch
to more efficient processes that eliminate the time-
consuming and costly assembly operations needed for
old parts.
PolyOne’s Onflex™ Lo TPE and Maxxam™ engineered
material formulations are used for interior HVAC air
flaps, trays, console carrier and instrument panels, and
related interior parts.