https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
WHAT WE DO: WE ARE A FORMULATOR CUSTOM FORMULATION 6 N OVE MBE R 2 , 2023 W E BCAS T P RE S E N TAT I O N Complementary technologies and customer relationships offer opportunity to advance commercial strategy Dyneema®, the world’s strongest fiber™, to accelerate growth of sustainable, ultralight and high performance applications AVIENT PROTECTIVE MATERIALS FIRST YEAR 8 Composites comprises over half of Specialty Engineered Materials, compared to 9% in 2016 Proven history of success in areas such as outdoor high performance, defense and sustainable solutions Composites 44% 56% 2023E Sales Collaboration & InnovationComposites as a % of SEM People & Culture Talented, passionate, and creative associates drive continued integration success and allow two cultures to come together as one Avient Lightweight Protective Laminates: PROJECTILE PROTECTION Dyneema® Fiber Solutions Cushioning + Fit + Comfort: LONG-TERM WEAR reSound™ Versaflex™ Thermoplastic Elastomers Strength + Durability + Light-Weighting: SOLID MOUNTING BRACKETS Nymax™ Bergamid™ Complēt™ Engineered Materials Durability + Lubricity: HELMET LATCHES Lubri-One™ Internally Lubricated Polymers Color Consistency and Weatherability CUSTOMIZED SPECIFICATIONS Avient Color and Additive Solutions Antennae Performance FAST, RELIABLE CONNECTIONS PREPERM™ Low-Loss Dielectric Thermoplastics AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES Wired Connections CONSTANT COMMUNICATION Syncure™ Cross-linkable Wire & Cable Formulations9 10 AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES 10 Q 3 P E RFO RMAN CE 15.4% 16.3% 2022 PF 2023 Results vs.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M. 2023E (%) 27 78 89 83 80 78 74 86 79 76 67 66 55 50 (39) Av ie nt KW R FU L PP G AV Y R PM FM C C E EC L AS H H XL H U N EM N SC L Avient Specialty Formulators Other Specialty / Chemical Companies MULTIPLE EXPANSION Source: Peer data per Bloomberg as of December 29, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $41.57.
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.
https://www.avient.com/sites/default/files/2024-06/Foaming Prediction Service Product Bulletin_A4.pdf
The foaming simulation is carried out under confidentiality and is currently available for components made from polypropylene (PP), talcum filled PP, and glass fiber filled PP, with a minimum part thickness of 2mm.
KEY CHARACTERISTICS • Provides a mold-filling study • Helps maximize part weight reduction • Predicts mechanical properties • Enables the calculation of necessary clamping force • Reduces physical trials • Optimizes tool design and production processes KEY APPLICATIONS • Components made from polypropylene (PP), talcum filled, and glass fiber filled PP with a minimum part thickness of 2mm • Automotive structural parts e.g., door panels, dashboard carriers • Consumer goods e.g., interior fridge parts, transport boxes and composters, vacuum cleaner base panels PRODUCT BULLETIN Sustainability Spotlight 1 Moldflow® is a registered trademark of Autodesk® * Avient Foaming Prediction Service will provide general information based on available inputs.
https://www.avient.com/sites/default/files/2023-02/Gravi-Tech BIO Bio-Based Formulations Product Bulletin.pdf
KEY CHARACTERISTICS • Customized density offering a wide range of specific gravities (1.5–11 gm/cm3) • Formulated with partially bio-based resin from renewable plant sources • Broad modulus range, from very flexible to very rigid grades • Corrosion resistance that withstands oxidization for long-term use and benefit • Chemical resistance that can be adapted depending on base resin as required • Provides visual surface effects, aesthetics and cool touch • Design flexibility and processing ease • Food contact compliance available MARKETS AND APPLICATIONS Applications in packaging and consumer goods in which a more sustainable solution is preferred: • Cosmetic caps and closures • Perfume caps • Spirit bottle caps • Luxury boxes • Handles and knobs SUSTAINABILITY BENEFITS • Formulated with partially bio-based resin from renewable plant sources • Reduces waste and supports the circular economy • Reduces carbon footprint compared to fossil feedstock alternatives • Simplifies manufacturing and lowers cost versus metal PRODUCT BULLETIN CHARACTERISTICS UNITS Gravi-Tech BIO GT5200-5077 FD Natural Gravi-Tech BIO RS5200-5001 RS FD Natural Gravi-Tech BIO RS5200-5001 RS FD Natural X1 Gravi-Tech BIO GT5200-5003 FD Black Gravi-Tech BIO GT5200-5004 FD Black Gravi-Tech BIO GT5200-5002 FD Black Base Resin Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP Recycled Content/Filler g/cm Mineral Mineral Mineral Metallic Metallic Metallic Density (ISO 1183) g/ccm 1.90 2.0 2.0 2.0 2.5 3.0 AVAILABLE GRADES Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
The second (over-mold) material is either injected onto one side of the insert or sometimes completely surrounds the insert.
For the rotary unit, a third rotation moves the table to an “off-load” station where the completed two component part is ejected.
Most Dynaflex® (Styrenic block copolymer TPE), Versaflex® (polar modified alloys) and Versalloy® (TPV alloy compounds are suitable for two-shot or insert molding with a polypropylene (PP).
https://www.avient.com/sites/default/files/2024-05/Smartbatch-Outdoor Chair-Case Study Snapshot_0520.pdf
PE Tarpaulin manufacturer PP MULTI- FILAMENT MANUFACTURER O U T D O O R C H A I R • Resist UV light degradation in U.S. & European climates for an extended period • Maintain color stability and resist brittleness for a minimum of 3 years • Reliable supplier with good product quality and stable supply • Offered a UV stabilizer for PP multi-filament yarn • Delivered good light fastness • Provided cost effectiveness by combining colorant and UV additive solutions • Had in-house Q-Lab UV (QUV) tester to meet strict customer standards Smartbatch Combination Colorants & Additives KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-combination-colorants-additives Slide 1: Pp Multi-filament manufacturer
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Whether an additional line at an existing manufacturing plant, or a new facility in a growing region, we ramp-up quickly and cost-efficiently. 43 Capex / Revenue 2022E (%) AVIENT IS ASSET LIGHT Avient Specialty Formulators Other Chemical/Specialty Companies 2 3 2 2 2 3 4 3 3 5 5 7 7 8 11 Av ie nt Av ie nt P F FU L KW R PP G R PM AV Y FM C H U N H XL EC L EM N C E AS H SC L Source: Peer data per Bloomberg market data as of April 21, 2022.
Our free cash flow supports shareholder value creation through investing in R&D for organic growth, completing bolt-on acquisitions, and returning cash to shareholders via our dividend program and opportunistic share repurchases. 44 1.
Source: Peer data per Bloomberg market data as of April 21, 2022 86 82 86 86 84 78 77 89 86 81 80 76 76 76 67 67 11 (12) Av ie nt Av ie nt P F FU L KW R PP G R PM AV Y FM C U N VR BN R H U N H XL EC L C E AS H EM N SC L AL B 12% 18% 16% 15% 15% 14% 14% 28% 28% 26% 25% 22% 21% 19% 16% 12% 9% 9% Av ie nt T od ay Av ie nt P F AV Y PP G KW R FU L R PM C E AL B FM C AS H EC L EM N H XL H U N SC L BN R U N VR Median: 21%Median: 15% 2022 EBITDA MARGINS VS.
https://www.avient.com/sites/default/files/2024-05/Cesa Fiber Additives Hydrophobic for PP Nonvoven Medical - Case Study_0520.pdf
All Rights Reserved. https://www.avient.com/sites/default/files/2023-11/Cesa Fiber Additives Hydrophobic for PP Nonwovens Product Bulletin.pdf Slide 1: Medical textile manufacturer
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Just a few months ago, we completed the acquisition of the Clariant Masterbatch business, the largest acquisition in the 20-year history of our company.
Our free cash flow supports shareholder value creation through investing in R&D for organic growth, completing bolt-on acquisitions, and returning cash to shareholders via our dividend program and opportunistic share repurchases. 18 1.
Avient Total Enterprise Value Pro forma for acquisition of Clariant Masterbatch business and tax payments associated with the PP&S divestiture per Company filings, resulting in a cash adjustment from the June 30, 2020 balance sheet of ~$1,520MM 2.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
WHAT WE DO: WE ARE A FORMULATOR 6 CUSTOM FORMULATION N OVE MBE R 2 , 2023 W E BCAS T P RE S E N TAT I O N Complementary technologies and customer relationships offer opportunity to advance commercial strategy Dyneema®, the world’s strongest fiber™, to accelerate growth of sustainable, ultralight and high performance applications AVIENT PROTECTIVE MATERIALS FIRST YEAR 8 Composites comprises over half of Specialty Engineered Materials, compared to 9% in 2016 Proven history of success in areas such as outdoor high performance, defense and sustainable solutions Composites 44% 56% 2023E Sales Collaboration & InnovationComposites as a % of SEM People & Culture Talented, passionate, and creative associates drive continued integration success and allow two cultures to come together as one Avient Lightweight Protective Laminates: PROJECTILE PROTECTION Dyneema® Fiber Solutions Cushioning + Fit + Comfort: LONG-TERM WEAR reSound™ Versaflex™ Thermoplastic Elastomers Strength + Durability + Light-Weighting: SOLID MOUNTING BRACKETS Nymax™ Bergamid™ Complēt™ Engineered Materials Durability + Lubricity: HELMET LATCHES Lubri-One™ Internally Lubricated Polymers Color Consistency and Weatherability CUSTOMIZED SPECIFICATIONS Avient Color and Additive Solutions Antennae Performance FAST, RELIABLE CONNECTIONS PREPERM™ Low-Loss Dielectric Thermoplastics AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES Wired Connections CONSTANT COMMUNICATION Syncure™ Cross-linkable Wire & Cable Formulations9 10 AVIENT PROTECTIVE MATERIALS CROSS SELLING OPPORTUNITIES 10 Q 3 P E RFO RMAN CE 15.4% 16.3% 2022 PF 2023 Results vs.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M. 2023E (%) 27 78 89 84 82 80 77 88 81 76 70 69 60 54 (6) Av ie nt KW R FU L PP G AV Y R PM FM C C E EC L AS H H XL H U N EM N SC L Avient Specialty Formulators Other Specialty / Chemical Companies MULTIPLE EXPANSION Source: Peer data per Bloomberg as of October 27, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $31.18.
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.
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
We also completed the divestiture of Performance Products & Solutions (PP&S) and announced an agreement to acquire Clariant’s Masterbatch business.
In October, we divested our PP&S segment, which consisted predominately of the Geon® vinyl business, for $775 million.
D O L L A R S *Pro Forma for sale of DSS 2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018 2018 2019 $2.21 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $2.43 $2.06 $1.96 Pro Forma for sale of PP&S $1.69 $1.51 12 31 2018 3 31 2019 6 30 2019 9 30 2019 12 31 2019 +32% 2019 POL Stock Price Performance $ U .S .