https://www.avient.com/resources/safety-data-sheets?page=6578
LT TRANS BLUE 545C PVC
PINNACLE BLUE BP
A70 G35 NATURAL
https://www.avient.com/resources/safety-data-sheets?page=1318
ONFLEX-V AA 1100 A70 White 0001
NAVY BLUE 293C
M3213 Blue
https://www.avient.com/resources/safety-data-sheets?page=446
18031SLNS YOGA PAD LC - PMS 419 U
62861SLNS YOGA MAT LC - PMS 286 U
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Microsoft PowerPoint - AVNT Q4 2022 Earnings Presentation
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 2 R E S U L T S A N D
2 0 2 3 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A RY 1 5 , 2 0 2 3
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.
GUIDANCE
DEBT / LEVERAGE REDUCTION
• Completed sale of Distribution
and paid down $750M of debt
in November
• Strong free cash flow in fourth
quarter reduced leverage and
enabled paydown of additional
$200M of debt
• Fixed/Floating Debt Ratio 63/37
• Proven track record of
deleveraging following
acquisitions through consistent
free cash flow generation
$725 $725 $725
$575 $500 $400
$600
$525
$425
$650
$650
$650
$600
$2.40B
$2.20B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
After Distribution
Divestiture
Year-End
Year-End
Leverage 3.8x 3.1x 2.9x
2023 Notes
After Avient
Protective Materials
Acquisition
$3.15B
2022 TRANSFORMATIONAL PORTFOLIO
ENHANCEMENTS
5
EBITDA margins expanded
from 12% to 16%
Diversified end markets
with reduced exposure to
more cyclical industries
Dyneema®
Acquisition
$1.48B acquisition
strengthens composites
platform
Significantly improved
EBITDA margins $950M divestiture results
in 100% specialty sales
Strong exit multiple of 10x
TTM EBITDA despite
market volatility
Distribution
Divestiture
Improved
Portfolio
GROWING COMPOSITES PLATFORM
CONTRIBUTIONS TO SEM SEGMENT
6
Note: 2022 is pro forma for Avient Protective Materials
2016 Sales 2022 Sales
Advanced
Composites
51%
$560M $1,300M
Advanced
Composites
COMPOSITES PORTFOLIO
D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D T A P E S T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
7
ADVANCED COMPOSITES PERFORMANCE
8 (1) Pro forma for the acquisition of Avient Protective Materials
$51
$84
$212
$668
$4
$10
$41
$169
(1) (1)
PORTFOLIO EVOLUTION AND EPS EXPANSION
9
Adj.
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
10
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
https://www.avient.com/resources/safety-data-sheets?page=4361
PA66 G50 H natural
B70 G15 H NATURAL
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/sites/default/files/2021-04/bergamid-electronic-connectors-case-study.pdf
CUSTOM SOLUTION
PROVIDES SIGNAL DAMPING
AND HEAT RESISTANCE FOR
ELECTRICAL CONNECTOR
CASE STUDY: BERGAMID™ NYLON FORMULATIONS
Challe
nge Accepted.
TECHNICAL EXPERTISE HELPS ELECTRONIC CONNECTOR
COMPANY ENTER NEW MARKET
© 2021, All Rights Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
To learn more about Bergamid™ Nylon
Formulations, contact Avient at
+1.844.4AVIENT (1.844.428.4368)
or visit us at avient.com.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
Microsoft PowerPoint - AVNT Mar 2022 Presentation
AVIENT CORPORATION
I N V E S T O R M E E T I N G S
(NYSE: AVNT)
M A R C H 2 0 2 2
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
That’s Avient.
25,000+
CUSTOMERS
>70%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
In July 2020, we completed the acquisition of the Clariant Color business, the largest
acquisition in the 20-year history of our company.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86 89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
LB
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
https://www.avient.com/resources/safety-data-sheets?page=2037
ACY NAVY BLUE 296C
K 6300-A70 BLACK
TRANS BLUE PP BLUE GLOW 2
https://www.avient.com/resources/safety-data-sheets?page=6943
PU DARK BLUE 19-4035 2
NEU-295I POLAR GRAY / G500.A70.N.PA
PP BLUE CASE 289C
https://www.avient.com/sites/default/files/2024-01/2023 Interactive Powersports.pdf
DURABILITY
High Impact Strength, Weatherability
SOLUTION: PP, HDPE, ASA,
Nylon Engineered Formulations
AESTHETIC APPEAL
Custom Color & Special Effects, Paint Replacement
SOLUTION: Custom Polymer Colorants,
Pre-Colored High-Gloss Thermoplastics
THERMAL MANAGEMENT
LED Heat Sinks, Design Flexibility
SOLUTION: Thermally Conductive
Formulations
EXTREME PERFORMANCE
Chemical & Fire Resistance,
High Temperature Performance
SOLUTION: Nylon Engineered
Formulations, Long Fiber Reinforced
Composites, Continuous Fiber
Composite Tapes & Laminates, Flame
Retardant Polyolefin Formulations
STRUCTURAL INTEGRITY
High Stiffness-to-Weight Ratio,
Metal Replacement
SOLUTION: Pultruded Rods,
Tubes & Custom Profiles, Long
Fiber Reinforced Composites
SENSORY EXPERIENCE
Vibration Damping, Durability, Customization,
Custom Color, Low Friction
SOLUTION: Thermoplastic Elastomers (TPEs),
Custom Polymer Colorants, Internally Lubricated
Formulations, Advanced Composite Springs
STRENGTH & STABILITY
Excellent Dimensional Stability,
High Stiffness, Impact Resistance
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber
Composite Tapes & Laminates
SURFACE PROTECTION
Performance Enhancements
SOLUTION: Scratch & Mar
Resistance, UV Stable
Additives, Anti-Static
Additives
STRUCTURAL
PERFORMANCE
Corrosion Resistance,
Lightweighting
SOLUTION: Long Fiber Reinforced
Composites, Nylon Engineered
Formulations, Continuous Fiber
Composite Tapes & Laminates,
Chemical Foaming Additives
METAL REPLACEMENT
Lightweighting, Heat Management, Load Carrying Capability
SOLUTION: Long Fiber Reinforced Composites, Continuous Fiber
Composite Tapes & Laminates
TACTILE EXPERIENCE
Soft-Touch Feel, Durability
SOLUTION: Thermoplastic
Elastomers (TPEs)
https://www.avient.com/industries/consumer/outdoor-recreation/powersports
https://www.avient.com/industries/consumer/outdoor-recreation/powersports
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/maxxam-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
http://www.avient.com/products/polymer-colorants
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-paint-replacement
http://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma
http://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma
http://www.polyone.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
http://www.polyone.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.polyone.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber
https://www.polyone.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber-thermoplastics
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber-thermoplastics
http://www.avient.com/products/polymer-colorants
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/advanced-composite-springs
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
http://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
http://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
http://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-antistatic-additives
http://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-antistatic-additives
http://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
http://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/products/polymer-additives/foaming-agents/colormatrix-excelite-chemical-foaming-additives