https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-dispersed-pigments-ptfe
Colors are heavy metal-free
Metal-free formulations to boost color consistency and increase speed to market
https://www.avient.com/products/vinyl-formulations
Weigh the pros and cons in these seven key categories
More
Odor-free Flexible Vinyl Formulation
Find out how a US manufacturer expanded to the Japanese market with an odor-free flexible vinyl formulation.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
The non-GAAP financial measures include: adjusted EPS, adjusted operating income, free cash flow
and adjusted EBITDA.
Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of the Company and each business segment and to allocate resources.
Avient reflects 2022 estimated revenue of $5,100M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Avient Specialty
Other
Free Cash Flow Conversion (1)
2022E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
The non-GAAP financial measures include: adjusted EPS, adjusted operating income, free cash flow
and adjusted EBITDA.
Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources.
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share, Adjusted Operating Income and Free Cash Flow, to the most comparable
GAAP financial measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Avient’s chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources.
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share, Adjusted Operating Income and Free Cash Flow, to the most comparable GAAP financial
measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.2
T RAN S FO R MAT IO NAL
OVE RV IE W
Avient Protective
Materials
Dyneema
®
RECENT TRANSACTIONS
Acquired Divested
$1.45 B $0.95 B
4
Distribution
UPDATED CAPITAL STRUCTURE
& LIQUIDITY
• Proceeds from completed
sale of Distribution used to
pay near-term maturing debt
to strengthen balance sheet
• Fixed/floating debt ratio of
~55/45
• Proven track record of
deleveraging following major
acquisitions through strong
free cash flow generation
• 2022 pro forma net
debt/adjusted EBITDA
expected to be 3.1x
$725 $725
$575 $500
$600
$525
$650
$650
$600
Capital Structure
Cash
$544
Undrawn
Revolver
$250
Liquidity
$3.15B
$2.40B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
2023 Notes
After Dyneema
Acquisition
After Distribution
Divestiture
$794M
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
5
PREVIOUS TRANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
6
• 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
• $75 million of realized synergies anticipated in 2022
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/products/polymer-additives/surface-modifier-additives/cesa-anti-block-additives
Color & Additives Animal Free & Food Contact Approved Film Additives
Discover our animal free additive solutions for flexible food packaging with extensive food contact approval
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-plastisol-adhesives
Heavy metal free, low VOC grades and custom formulations available.
Phthalate-free dispersions of PVC resins.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2024-results
news library online, please visit www.avient.com/news.
Adjusted Free Cash Flow Calculation
Adjusted free cash flow
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2022-results
news library online, please visit www.avient.com/news.
Free Cash Flow Calculation
Free cash flow
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2023-results
news library online, please visit www.avient.com/news.
Free Cash Flow Calculation
Free cash flow