https://www.avient.com/sites/default/files/2021-medical-devices-selection-guide.pdf
Copolyester, Polyester & PC/Polyester Blends
Copolyester Eastman Tritan™
(Copolyester)
High chemical resistance to a wide variety of hospital disinfectants;
excellent toughness and impact resistance after disinfection; retains color and gloss
after sterilization and disinfection; does not contain BPA, BPS or halogens
Polybutylene
Terephthalate
(PBT)
DuPont™ Crastin® & Rynite®
(FR-PBT)
30% glass reinforced; flame retardant; good mold flow and electrical properties;
high strength, stiffness, dimensional stability and heat resistance
Polyester
(PC/PET) &
Polybutylene
Terephthalate
(PC/PBT)
Covestro Makroblend®
(FR-PC/PET) & (FR-PC/PBT) Strength; toughness; chemical resistance; flame retardant
Covestro Makroblend®
(Non-FR PC/PBT) Strength; toughness; chemical resistance; limited biocompatibility
Trinseo EMERGE™
(FR-PC/PET) Chemical resistance; ignition resistance; limited biocompatibility
PA, PVC, PC & PMMA
Polyamide
(Nylon, PA)
Avient Trilliant™ XR
Radiation Shielding (PA)
Radiation shielding; green alternative for lead replacement;
enhanced design freedom vs. lead; available in hard and soft durometers
Arkema Rilsan® MED (PA11) &
Rilsamid® MED (PA12)
Chemical resistance; transparent and opaque; easy processing; creep resistance;
temperature resistance; BPA-free; sterilizable by gamma, EtO and steam
Polyvinyl
Chloride
GEON Performance Solutions
Resilience™ HC (PVC)
Excellent chemical resistance; good strength and stiffness; very good surface quality;
inherently flame resistant; available in all medical colors; excellent solvent bonding to PVC
Polycarbonate
(PC) Trinseo EMERGE™ (PC) Ignition resistant; transparent and opaque; glass-filled also available
PolyMethyl
Methacrylate
(PMMA)
Trinseo Plexiglas® Acrylics
(PMMA) Clarity; easy processing; chemical resistance; BPA free; ideal for light piping and lenses
Styrenics & FR-PC/ABS Blends
Styrenics
Trinseo MAGNUM™ (ABS) Opaque; custom colors; excellent impact and flow; low residuals; full biocompatibility
INEOS Styrolution
Terlux® HD (MABS)
Good clarity; good heat and overall chemical resistance;
good impact strength; good solvent bonding to PVC; outstanding surface quality
INEOS Styrolution
Lustran® & Novodur® HD (ABS)
Opaque appearance; outstanding chemical resistance; high impact strength;
excellent balance of properties; ease of processability; bondable
FR-
Polycarbonate/
ABS
(FR-PC/ABS)
Covestro Bayblend®
(FR-PC/ABS) Flame retardant; good impact resistance; dimensional stability; toughness
Trinseo EMERGE™
(FR-PC/ABS)
Ignition resistant; limited biocompatibility; high flow; easy processing;
glass-filled also available
RIGID COMPONENTS: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
Applications include:
• Housings
• Covers
• Monitor bezels
• Body panels
• Handles
• Access panels
• Battery enclosures
• Wands
• Coils
Rigid Component Solution Needs:
• Materials compliant with ISO 10993 & USP Class VI, if required
• UL approved resins to meet flammability requirements
• Housings with toughness & good impact resistance
• Enclosures & components that withstand repeated cleanings
• High-flow materials for components with complex designs
FLEXIBLE COMPONENTS: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
Applications include:
• O-rings
• Gaskets
• Wheels
• Soft touch
grips/handles
• Keypads/displays
• Diaphragms
• Seals
Flexible Component Solution Needs:
• Comfortable handles & grips
• Water-tight seals
• Durable feet or casters
• Durable keypads
• Flow control
TPE, TPC-ET, TPU, TPV & Flexible PVC
Thermoplastic
Avient Versaflex™ HC
Overmolding Series
Proven healthcare solutions with hardness ranges 42–65 Shore A; autoclave, radiation
and EtO sterilizable; bondable to many substrates; customizable haptics
Arkema Pebax® MED
Sterilizable by gamma and EtO; low energy return; soft touch;
chemical resistance; overmolding material
Thermoplastic
Polyester
DuPont™ Hytrel®
Wide range of flexibility, stiffness, and processing options; Shore D between 30-82;
BPA-free; excellent flex fatigue and toughness; low temperature flexibility;
good chemical resistance
Thermoplastic
Polyurethane
Covestro Texin®
Biocompatible; soft touch; sterilizable; good chemical resistance;
overmold for grips and handles; excellent bonding to polar substrates like PC; 70A to 95A
Thermoplastic
Vulcanizate
Avient Versalloy™
Proven healthcare solutions with hardness ranges 45–90 Shore A; autoclave, radiation
and EtO sterilizable; natural and colorable; smooth texture; bonds to PP
Exxon Mobil Santoprene™
Durable sealing performance; elastic recovery; excellent chemical resistance;
compliance with medical standards
Flexible
Polyvinyl
Chloride
GEON Performance Solutions
Geon™ Flexible PVC
Engineered exclusively for the healthcare market; transparent and opaque colors; radiopaque
grades available; durometer ranges from 55A to 40D; gamma and EtO sterilizable
Thermoset Silicone Elastomers
Thermoset
Silicone
Elastomers/
Liquid Silicone
Rubber (LSR)
DuPont™ Liveo™
Silicone Elastomers (LSR)
Biocompatible; non-irritating and non-sensitization; sterilizable;
made without plasticizers, phthalates or latex
PVC
Polyvinyl
Chloride
GEON Performance Solutions
Geon™ Flexible PVC
Inherent flame resistance; halogen-free; excellent chemical resistance;
non-yellowing; proven safety record in wire and cable applications;
high temperature grades available
TPE, TPC-ET, TPU & POE
Thermoplastic
Polyester
Arkema Pebax®
Flexibility; chemical resistance; easy processing; abrasion resistance;
low coefficient of friction
Thermoplastic
Polyester
Elastomers
(TPC-ET)
DuPont™ Hytrel®
REACH, RoHS and WEEE compliant; wide range of flexibility, stiffness,
and processing options; 30D-82D; BPA-free; excellent flex fatigue and toughness;
low temperature flexibility; good chemical resistance
Thermoplastic
Polyurethane
Covestro Texin®
RoHs, WEEE, and REACH compliant; excellent memory and recoil; abrasion resistance;
Texin® Rx Series - medical grade Polyether TPU – 70A to 80D
Polyolefin
Elastomer
(POE)
Avient ECCOH™ Non-halogenated flame retardant; high flexibility;
environmental stress cracking resistance (ESCR); good electrical properties
PA
Polyamide
(Nylon, PA)
Arkema Rilsan®
(PA)
Chemical resistance; easy processing; abrasion resistance;
low coefficient of friction; dimensional stability
WIRE & CABLE: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
Applications include:
• Plug molding
• Flexible jacket
• Heater cable
insulation
• Flexible cords
• Coil cords & cable
Wire & Cable Component Solution Needs:
• Materials compliant with UL, RoHS, REACH & WEEE, if needed
• Materials with good chemical, moisture & abrasion resistance
• Low smoke & non-halogen materials
CUSTOM AVIENT SOLUTIONS FOR MEDICAL EQUIPMENT
Custom Solution Needs Avient™ Custom Solutions
Specialized materials to meet unique
application requirements
Avient Trilliant™ Healthcare products are a line
of customized solutions specific for regulated
medical devices; color branding expertise
FDA-registered pre-colored resins
and masterbatch options; color coding
for safety and brand recognition
Avient collaborates with key material suppliers
to provide FDA-approved pre-colored resins
Avient OnColor™ HC Plus offers customizable color
masterbatch solutions pre-certified for biocompatibility
using ISO 10993 and USP Class VI test protocol
Reduced growth of microbes
Avient WithStand™ additive technologies inhibit
growth of microbes that often cause odor,
staining and loss of mechanical properties
AVIENT DISTRIBUTION
Healthcare Supplier Line Card
You face a unique set of challenges when designing parts for the healthcare industry.
https://www.avient.com/sites/default/files/2021-02/2021-medical-devices-selection-guide.pdf
RIGID COMPONENTS: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
& MONITORING EQUIPMENT
(housings & covers, monitor bezels, body panels, handles, battery enclosures, access panels, wands, coils)
Rigid
Component
Materials compliant
with ISO 10993
& USP Class VI,
if required
UL approved
resins to meet
flammability
requirements
Housings with
toughness & good
impact resistance
Enclosures &
components that
withstand repeated
cleanings
High-flow materials
for components
with complex
designs
Copolyester, Polyester & PC/Polyester Blends
Copolyester Eastman Tritan™
(Copolyester)
High chemical resistance to a wide variety of hospital
disinfectants; excellent toughness and impact resistance after
disinfection; retains color and gloss after sterilization and
disinfection; does not contain BPA, BPS or halogens
Polybutylene
Terephthalate
(PBT)
DuPont™ Crastin® & Rynite® (FR-
PBT)
30% glass reinforced; flame retardant; good mold flow
and electrical properties; high strength, stiffness,
dimensional stability and heat resistance
Polyester
(PC/PET) &
Polybutylene
Terephthalate
(PC/PBT)
Covestro Makroblend®
(FR-PC/PET) & (FR-PC/PBT) Strength; toughness; chemical resistance; flame retardant
Covestro Makroblend®
(Non-FR PC/PBT)
Strength; toughness; chemical resistance;
limited biocompatibility
Trinseo EMERGE™
(FR-PC/PET)
Chemical resistance; ignition resistance;
limited biocompatibility
PA, PVC, PC & PMMA
Polyamide
(Nylon, PA)
Avient Trilliant™ XR
Radiation Shielding
(PA)
Radiation shielding; green alternative for lead
replacement; enhanced design freedom vs. lead;
available in hard and soft durometers
Arkema Rilsan® MED (PA11) &
Rilsamid® MED (PA12)
Chemical resistance; transparent and opaque;
easy processing; creep resistance; temperature resistance;
BPA-free; sterilizable by gamma, EtO and steam
Polyvinyl
Chloride
GEON Performance Solutions
Resilience™ HC (PVC)
Excellent chemical resistance; good strength and stiffness;
very good surface quality; inherently flame resistant;
available in all medical colors; excellent
solvent bonding to PVC
Polycarbonate
(PC) Trinseo EMERGE™ (PC) Ignition resistant; transparent and opaque;
glass-filled also available
PolyMethyl
Methacrylate
(PMMA)
Altuglas Plexiglas® Acrylics
(PMMA)
Clarity; easy processing; chemical resistance;
BPA free; ideal for light piping and lenses
Styrenics & FR-PC/ABS Blends
Styrenics
Trinseo MAGNUM™
(ABS)
Opaque; custom colors; excellent impact and flow;
low residuals; full biocompatibility
INEOS Styrolution
Terlux® HD
(MABS)
Good clarity; good heat and overall chemical resistance;
good impact strength; good solvent bonding to PVC;
outstanding surface quality
INEOS Styrolution
Lustran® & Novodur® HD (ABS)
Opaque appearance; outstanding chemical resistance;
high impact strength; excellent balance of properties;
ease of processability; bondable
FR-
Polycarbonate/
ABS
Covestro Bayblend®
Flame retardant; good impact resistance;
dimensional stability; toughness
Trinseo EMERGE™
Ignition resistant; limited biocompatibility; high flow;
easy processing; glass-filled also available
Flexible
Component
Solution Needs:
Comfortable
handles
& grips
Water-tight seals
Durable feet
or casters
Durable
keypads
Flow
control
TPE, TPC-ET, TPU, TPV & Flexible PVC
Thermoplastic
Avient Versaflex™ HC
Overmolding Series
Proven healthcare solutions with hardness ranges 42–65
Shore A; autoclave, radiation and EtO sterilizable;
bondable to many substrates; customizable haptics
Arkema Pebax® MED
Sterilizable by gamma and EtO; low energy return;
soft touch; chemical resistance; overmolding material
Thermoplastic
Polyester
DuPont™ Hytrel®
Wide range of flexibility, stiffness, and processing
options; Shore D between 30-82; BPA-free; excellent
flex fatigue and toughness; low temperature flexibility;
good chemical resistance
Thermoplastic
Polyurethane
Covestro Texin®
Biocompatible; soft touch; sterilizable; good chemical
resistance; overmold for grips and handles; excellent
bonding to polar substrates like PC; 70A to 95A
Thermoplastic
Vulcanizate
(TPV)
Avient Versalloy™
(TPV)
Proven healthcare solutions with hardness ranges 45–90
Shore A; autoclave, radiation and EtO sterilizable;
natural and colorable; smooth texture; bonds to PP
Exxon Mobil Santoprene™ (TPV) Durable sealing performance; elastic recovery; excellent
chemical resistance; compliance with medical standards
Flexible
Polyvinyl
Chloride
GEON Performance Solutions
Geon™ Flexible PVC
Engineered exclusively for the healthcare market; transparent
and opaque colors; radiopaque grades available; durometer
ranges from 55A to 40D; gamma and EtO sterilizable
Thermoset Silicone Elastomers
Thermoset
Silicone
Elastomers/
Liquid Silicone
Rubber
DuPont™ Liveo™
Silicone Elastomers (LSR)
Biocompatible; non-irritating and non-sensitization;
sterilizable; made without plasticizers, phthalates or latex
FLEXIBLE COMPONENTS: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
MONITORING EQUIPMENT
(o-rings, gaskets, wheels, soft touch grips/handles, keypads/displays, diaphragms, seals)
WIRE & CABLE: DIAGNOSTIC, IMAGING, LIFE SUPPORT, LABORATORY,
& MONITORING EQUIPMENT
(plug molding, heater cable insulation, flexible jacket, flexible cords, coil cords & cable)
Wire and Cable
Component
Solution Needs:
Materials compliant
with UL, RoHS,
REACH & WEEE, if
needed
Materials with
good chemical,
moisture & abrasion
resistance
Low smoke & non-
halogen materials
PVC
Polyvinyl
Chloride
GEON Performance Solutions
Geon™ Flexible PVC
Inherent flame resistance; halogen-free; excellent
chemical resistance; non-yellowing; proven safety record
in wire and cable applications; high temperature
grades available
TPE, TPC-ET, TPU & POE
Thermoplastic
Polyester
Arkema Pebax®
Flexibility; chemical resistance; easy processing;
abrasion resistance; low coefficient of friction
Thermoplastic
Polyester
Elastomers
(TPC-ET)
DuPont™ Hytrel®
REACH, RoHS and WEEE compliant; wide range of flexibility,
stiffness, and processing options; 30D-82D; BPA-free;
excellent flex fatigue and toughness; low temperature
flexibility; good chemical resistance
Thermoplastic
Polyurethane
Covestro Texin®
RoHs, WEEE, and REACH compliant; excellent memory
and recoil; abrasion resistance; Texin® Rx Series -
medical grade Polyether TPU – 70A to 80D
Polyolefin
Elastomer
(POE)
Avient ECCOH™
Non-halogenated flame retardant; high flexibility;
environmental stress cracking resistance (ESCR);
good electrical properties
PA
Polyamide
(Nylon, PA)
Arkema Rilsan®
(PA)
Chemical resistance; easy processing; abrasion resistance;
low coefficient of friction; dimensional stability
CUSTOM AVIENT SOLUTIONS FOR MEDICAL EQUIPMENT
Custom Solution Needs Avient™ Custom Solutions
Specialized materials to meet unique
application requirements
Avient Trilliant™ Healthcare products are a line
of customized solutions specific for regulated
medical devices; color branding expertise
FDA-registered pre-colored resins
and masterbatch options; color coding
for safety and brand recognition
Avient collaborates with key material suppliers
to provide FDA-approved pre-colored resins
Avient OnColor™ HC Plus offers customizable color
masterbatch solutions pre-certified for biocompatibility
using ISO 10993 and USP Class VI test protocol
Reduced growth of microbes
Avient WithStand™ additive technologies inhibit
growth of microbes that often cause odor,
staining and loss of mechanical properties
AVIENT DISTRIBUTION
Healthcare Supplier Line Card
You face a unique set of challenges when designing parts for the healthcare industry.
https://www.avient.com/industries/healthcare/drug-delivery-systems/auto-injectors-and-drug-delivery-pens
Learn how chemically resistant Trilliant™ HC thermoplastics and Versaflex™ HC TPEs provide enhanced durability to withstand common hospital cleaners and disinfectants
https://www.avient.com/products/polymer-additives/fiber-additives/cesa-fiber-additives
Nonwovens used in roofing underlay, cable wrapping, geotextiles, surgical gowns and drapes, sterile tray wraps, hospital bed sheets and curtains, various filtration applications, among others
https://www.avient.com/sites/default/files/2020-09/surround-processing-guide-2020.pdf
TEMPERATURE
Material Rear
Center
Front
Nozzle
Melt
Mold
Nylon 6,6
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
Nylon 6,6
30% SS
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
PBT
510–410
(265–280)
490–540
(255–280)
480–530
480–530
480–530
150–250
(65–120)
PC
14% NiCF
540–570
540–570
530–560
530–560
530–560
150–250
(65–120)
ABS
470–520
460–520
460–520
460–530
(240–275)
460–530
(240–275)
100–200
(40–90)
PP
440–480
(225–250)
440–480
(225–250)
430–470
(220–245)
420–460
(215–240)
420–460
(215–240)
125–175
(50–80)
DRYING
Material Temperature
°F (°C) Time Minimum
Moisture
Maximum
Moisture
Nylon 6,6
14% NiCF 180 (80) 4–5 hours 0.05% 0.20%
Nylon 6,6
30% SS 180 (80) 4–5 hours 0.05% 0.20%
PBT
14% NiCF 250 (120) 6-8 hours 0.02% 0.03%
PC
14% NiCF 250 (120) 3–4 hours 0.02% 0.02%
ABS
14% NiCF 200 (90) 2–4 hours 0.05% 0.10%
PP
14% NiCF 180 (80) 2–4 hours 0.20% 0.30%
Equipment
• Feed throats smaller than 2.5" may cause bridging due to pellet size
- Larger feed throats will be more advantageous with long fiber EMI shielding resins
• General purpose metering screw is recommended
- Mixing/barrier screws are not recommended
• L/D ratio
- 18:1–20:1 (40% feed, 40% transition, 20% metering)
• Low compression ratio
- 2:1–3:1
• Deep flights recommended
- Metering zone 3.5 mm
- Feed zone 7.5 mm
• Check ring
- Three-piece, free-flowing check ring
• General purpose nozzle (large nozzle tips are recommended)
- Minimum orifice diameter of 7/32"
- Tapered nozzles are not recommended for long fiber EMI shielding resins
• Clamp tonnage:
- 2.5–5 tons/in2
Gates
• Large, free-flow gating recommended
- 0.25" x 0.125" land length
- 0.5" gate depth
Runners
• Full round gate design
• No sharp corners
• Minimum of 0.25" diameter
• Hot runners can be used
PROCESSING
Screw Speed Slower screw speeds are recommended to protect fiber length
Back Pressure Lower back pressure is recommended to protect fiber length
Pack Pressure 60–80% of max injection pressure
Hold Pressure 40–60% of max injection pressure
Cool Time 10–30 seconds (depends on part geometry and dimensional stability)
PROCESS CONSIDERATIONS
Recommended – retain fiber length (maximize conductivity)
• Low shear process
• Low screw speed and screw RPM
• Slow Injection speed
• Fill to 99–100% on first stage of injection
- Reduces potential nesting of fibers at gate location
- Improves mechanical performance near gate location
- Promotes ideal fiber orientation
Resin Rich Surface
• Achieved when using a hot mold temperature and longer cure times
≥ Max mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could reduce attenuation performance in an assembly
Fiber Rich Surface
• Achieved when using a cold mold temperature and shorter cure times
≤ Minimum mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could improve attenuation performance in an assembly
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2025-05/Advanced Composites Utility Poles Product Overview.pdf
The poles have an excellent dielectric
strength that allows for safer installation near
energized lines.
https://www.avient.com/sites/default/files/2021-04/additives-listing.pdf
OnColor™ IR Sortable Black - Black colorant that allows
black polymers to be detected by near infrared (NIR)
sorting equipment, enabling recycling.
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Outdoor High Performance) 8 18% 3
Growth in Asia / LATAM 6 3% 2
Other 100 19% 5
Sub-total $1,327 14% $146
Outdoor High Performance Impact (5) (3)
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (28) (5)
Q1 2022 $1,294 11% $136
Q1 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q1 EBITDA BRIDGE
7
Price increases more than
offset raw material and
supply chain impacts
Q1 2021 $ 161
Demand (23)
$ millions
CAI:
Price / Mix 77
Inflation (54)
SEM:
Price / Mix 41
Inflation (26)
Distribution:
Price / Mix 84
Inflation (82)
Net Price Benefit 40
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (5)
Q1 2022 $ 171
China Lockdowns / Russia Impact $ (7)
Transportation (7)
Outdoor High Performance (3)
Q1 EPS BRIDGE
8
Q1 2021 - Adjusted EPS 0.89$
CAI 0.08
Specialty Engineered Materials 0.06
Distribution 0.00
Corporate Costs 0.02
F/X (0.04)
Segment OI 0.12
Tax Rate (0.02)
Q1 2022 - Adjusted EPS 0.99$
10
15x stronger than steel
Reduces weight by 30% vs. other solutions
Well-maintained global asset base poised to serve growing demand
• Purchase price of $1.48B represents 11.4x multiple of
2022 EBITDA
• Acquisition will expand Avient’s composites and fiber
portfolio with Dyneema®, the World’s Strongest Fiber™
• $415M sales and 30%+ EBITDA margins; Immediately
accretive to pro forma 2022 EPS, adding $0.35
• 1,300 patents globally, ~50% of sales patent protected
• 1,000+ employees across global production network and
dedicated technology centers
• Composites platform will increase from $261M to $680M in
revenue and from $49M to $180M in EBITDA Indicates Dyneema® location
$175M
(42%)
$65M
(16%)
$175M
(42%)
2022E Sales By Region ($M)
(1) $0.35 EPS excludes intangible amortization
(2) Based on 2022 expected results
(1) (2)
(2)
FIT WITH FOUR PILLAR STRATEGY
11
Specialization
• Innovation-led organization with
tremendous intellectual property value in
trademarks, patents and “know-how”
• Deep history of application development
and premium, leading brand with the
World’s Strongest FiberTM
Globalization
• Global customer base with an
established presence across all major
geographic regions
• Global technology centers complement
existing Composites applications and
expertise
Operational
Excellence
• Best-in-class safety performance
• Well-run and maintained asset base fit to
serve future growth
• Highly effective and reliable supply chain
with emphasis on optimizing service to
customers
Commercial
Excellence
• Deep customer relationships extend
across the value chain and drive ability
to grow
• Offer a full suite of services with an active
role in design, development and
commercialization
People
Experienced and
talented associates
with a passion for
safety, specialization
and winning
DYNEEMA® OVERVIEW
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders Body Armor • Helmets •
Vehicle Protection
$215M
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
$130M
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
$70M
12 Figures reflect 2022 expected sales
MIFOverview Competition Valuechain &
Go-to-market Strategy Innovation Financials
TECHNOLOGY
13
1,200 1,300
2,500
Avient Dyneema Combined
Patents
• True specialty business – the World’s Strongest Fiber™
• Deep history of application development with customers,
strongest in the industry
• The only UHMwPE (ultra-high molecular weight polyethylene)
fiber producer that is backward integrated
o Provides innovation advantage through control of all steps of the process
• Complementary with our existing reinforced film expertise
(PolyStrand) and engineered fiber presences (Fiber-Line)
WINNING PROPERTIES
Ultra high strength vs. weight Highly flexible
Floats on water Chemically inert; no smell/taste and non-toxic
High resistance to UV radiation Self-lubricating, with low friction
One-of-a-kind technology
®
FORMULATION PROCESS
14
• Like Avient, Dyneema® offers similar
core competencies around formulation
and material science
• Technology that combines polymers and
fibers to provide specialized, high
performing solutions for customers
• Design capabilities ensure that
applications are highly customized for
the specified end use
DYNEEMA® IN THE VALUE CHAIN
15
UHMwPE
Fiber / Tapes
Military Personnel,
Law Enforcement
Heavy Marine,
Offshore Wind Energy
and Mooring,
Aquaculture
Outdoor,
Footwear, Apparel,
Inflatables
• Material Science
• Formulation
• Service
INTERMEDIATE MANUFACTURING
(CUSTOMERS) OEM / APPLICATION
DEMAND TRENDS
16
• Military spending and near-term demand for higher performing personal protection
products (like Dyneema®) expected to increase
o European NATO members annual defense spend expected to increase by up to 20%(1)
o Accelerated launch of next generation technology in North America
• Policy-driven demand for sustainable energy; growth in floating offshore wind
farms which require advanced, durable technology
o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations
quadrupling over the next five years(2)
• Continued investment in aquaculture as a sustainable food source(3)
• Strong demand in outdoor high performance space across niche consumer
applications aligns with 10% growth assumption for Avient’s Composites portfolio
Sources:
(1) “Funding NATO”, NATO.int (April 1, 2022)
(2) “Global Wind Report 2021”, Global Wind Energy Council
(3) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries
17
A L I G N M E N T W I T H
S U S T A I N A B I L I T Y G O A L S
PRODUCTS
AVIENT’S EXISTING COMPOSITES PORTFOLIO
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
18
AVIENT’S COMPOSITES PORTFOLIO
SALES AND EBITDA
19
$74 $84
$216 $212
$261
$5 $10
$32
$41
$49
$180
0
50
100
150
200
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
2017 2018 2019 2020 2021 2022E
$680
• Dyneema® acquisition will further
improve Composites EBITDA margins
to 26%
• Dyneema® will complement our
existing portfolio with deep formulation
expertise, innovative culture and
global commercial presence
• Composites will continue to be a key
growth driver to deliver future revenue
growth in excess of GDP
(1) Pro forma for the acquisition of Dyneema®
DISTRIBUTION DIVESTITURE
CONSIDERATIONS
DISTRIBUTION HIGHLIGHTS
21
$21
$57
$69
$94
$105
0
50
100
150
2006 2011 2016 2021 2022E
• Leading North American Distribution business with
longstanding blue-chip supplier and customer
relationships
• Commercial excellence and regulatory knowledge have
grown healthcare portfolio to over 25% of sales and
positioned business for long-term growth
• Highly specialized portfolio of engineered polymers along
with sustainable solution offerings
• Leading digital capabilities through Avient Now, allowing
enhanced visibility and 24/7 interface with customers
• 98% free cash flow conversion drives greater than 30%
after-tax return on invested capital (ROIC)
• Potential divestiture allows us to remain modestly
leveraged with net debt to adjusted EBITDA expected to
be 2.9x and positions us for further specialty growth in the
future
EBITDA (in $M)
DYNEEMA® TRANSACTION OVERVIEW
22
- $1.48B net purchase price
- Represents 11.4x expected 2022 EBITDA
- Committed financing in place
- Permanent financing to be combination of available cash on-hand, new
Senior Unsecured Notes, new Senior Secured Term Loan
- Potential proceeds from Distribution divestment could be used to pay down
near-term maturing debt
- Closing expected in second half of 2022, subject to regulatory
approvals and certain customary closing conditions
Transaction
Value
Financing
Closing
Conditions /
Timing
CAPITAL STRUCTURE / LEVERAGE
23
• Financing commitments secured from Morgan Stanley
and J.P.
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
TWO-YEAR LEVERAGE GOAL
24
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
25
PRO FORMA MODELING
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution®
®
OUR SPECIALTY JOURNEY
ACQUISITION HISTORY
27
Commercial
Resources(1)
Operating Margins
259
360
$40
$122
9%
21%
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
CLARIANT COLOR ACQUISITION
28
$133
$205
2019PF 2021
28
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/sites/default/files/resources/AquaMix-_Fact_Sheet__72831-B_%25281%2529.pdf
Filler Dispersions
Calcium Carbonate Aquamix 320 70 Near white fi ller for natural and synthetic polymers.
Filler Dispersions
Calcium Carbonate Aquamix 320 70 Near white fi ller for natural and synthetic polymers.
https://www.avient.com/investor-center/news/avient-signs-agreement-divest-distribution-business-hig-capital-950-million
from the sale will be used to pay down near-term maturing debt.