https://www.avient.com/resource-center?document_type=62&page=0
Avient is an intermediate supplier of specialty polymers and related raw materials designed to meet the specifications of its manufacturing customers.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones
This defines TPE as a thermoplastic polymer material.
This makes LSR a thermoset polymer material.
In Handbook of Polymer Applications in Medicine and Medical Devices,¹ Laurence W.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=21537
This defines TPE as a thermoplastic polymer material.
This makes LSR a thermoset polymer material.
In Handbook of Polymer Applications in Medicine and Medical Devices,¹ Laurence W.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
Avient Specialty
Other Specialty /
2023E(%)
32
79
87
83 81
76
73
90
79 77 76
73
69
60
22
MULTIPLE EXPANSION
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several
acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
March 31,
Reconciliation of Pro Forma Sales 2023 2022
Sales $ 845.7 $ 892.2
APM pro forma adjustments — 94.9
Pro forma sales $ 845.7 $ 987.1
1
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Net income from continuing operations – GAAP $ 21.3 $ 64.7
Income tax expense 7.7 20.0
Interest expense, net 28.8 16.9
Depreciation and amortization 50.5 37.6
EBITDA from continuing operations $ 108.3 $ 139.2
Special items, before tax 27.3 6.7
Depreciation and amortization included in special items (1.8) (2.1)
Adjusted EBITDA $ 133.8 $ 143.8
Pro forma APM adjustments — 32.0
Pro forma adjusted EBITDA $ 133.8 $ 175.8
Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 %
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
AVNT Q1 2023 Earnings Presentation v2
AVNT Q1 2023 Earnings Presentation
5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/sites/default/files/2021-04/trilliant-hc-conductive-pipette-case-study.pdf
CUSTOM
FORMULATION
IMPROVES
PRODUCTIVITY AND
MANUFACTURING
EFFICIENCY
CASE STUDY: TRILLIANT™ HC SPECIALTY ENGINEERED MATERIALS
Challe
nge Accepted.
THE IMPACT
For the manufacturer, Trilliant™ HC specialty engineered
materials provided a number of advantages that
contributed to the success of the new product line:
• Reduced Cycle Time: The high flow properties
of the Trilliant HC formulation allowed the
manufacturer to produce warp-free parts that
require less packing and cooling time, resulting
in a 40% cycle time reduction
Through customer intimacy, Avient’s Trilliant HC
formulations offered an effective solution that allowed
the manufacturer to improve its bottom line and
increase its operating income.
https://www.avient.com/investor-center/news/polyone-signs-agreement-divest-designed-structures-and-solutions
NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced it has entered into a definitive agreement whereby the company will sell its Designed Structures and Solutions (DSS) business, which includes sheet, rollstock and packaging assets, to
These include the color concentrate and formulation assets that have seamlessly integrated into the other segments of
We intend to leverage these assets going forward, as well as seek out new investments that expand our material science, polymer formulation and world-class service capabilities.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2017-results
is a premier provider of specialized polymer materials, services and solutions.
Specialty Platform
Specialty Platform
https://www.avient.com/news/avient-and-ivcc-accelerate-formulation-development-long-lasting-insecticidal-nets-malaria-control
Homepage
//
News Center
//
Avient and IVCC Accelerate Formulation Development of Long-Lasting Insecticidal Nets for Malaria Control
Developing these formulations is imperative to eliminating malaria, as insecticide resistance is making the most widely used formulations, such as pyrethroids, increasingly ineffective.
The new facility will also support scale up for those formulations that prove promising.
https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives
Let’s face it – germs are everywhere, especially on tactile polymer surfaces.
Patented next-gen formulations that can preserve visual clarity and aesthetics in applications using recycled content are also available.
Polymer Colorants
https://www.avient.com/news/pump-volume-portable-audio-speakers-new-versaflex-tpes-polyone
These new materials are formulated to improve design, performance and processing capabilities versus traditional silicone, thermoplastic urethane (TPU), or thermoplastic vulcanizates.
The first new grade can be overmolded onto a range of rigid polymer substrates to form internal seals or gaskets.
It avoids a need for the cumbersome mechanical interlocks and primers that silicone requires for good adhesion to rigid polymer substrates.