https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
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
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
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%
0%
60%
80%
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)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
In the wire and cable industry, thermoplastics serve to protect by providing electrical
insulation, flame resistance, durability, water resistance, and color coding to wire coatings and
connectors.
In the transportation industry, plastic has proven to be durable, lightweight and corrosion
resistant while offering fuel savings, design flexibility and high performance.
We believe these contracts should assure the availability of adequate amounts of
PVC resin and VCM.
https://www.avient.com/resources/safety-data-sheets?page=4417
BLUE PVC 542C
030BU2063 BLUE 300U PVC
https://www.avient.com/resources/safety-data-sheets?page=3947
Geon(TM) VM2576-ZHE VBX3558 ZHE EBONY PVC
Geon(TM) VBX3650 BLACK SLUSH PVC
https://www.avient.com/resources/safety-data-sheets?page=5286
Geon(TM) VBX3577 WK SATURN BLACK PVC
Geon(TM) VBX3558 WK SATURN BLACK PVC
https://www.avient.com/resources/safety-data-sheets?page=3827
PVC ASTRA BEIGE
D/C GREEN PVC 20
https://www.avient.com/resources/safety-data-sheets?page=6380
W876 WHITE PVC
PVC YELLOW
https://www.avient.com/resources/safety-data-sheets?page=6583
CORE(TM) V1852 BLACK ES SELF BOND PVC
030BK97 MB 274 PVC CC HMF
https://www.avient.com/resources/safety-data-sheets?page=4117
030GN2057 LIME PVC
PVC GREEN T
https://www.avient.com/resources/safety-data-sheets?page=6686
PVC TR GREEN
PVC RED STRIPE 200C