https://www.avient.com/sites/default/files/2020-08/color-fabric-fx-product-bulletin-8.5x11.pdf
KEY CHARACTERISTICS
• Fabric FX can be formulated to include properties
such as UV color protection and anti-scratch
performance
• Fabric FX can be processed on standard molding
machinery
• Different matrix materials can be enhanced with
Fabric FX, including ABS, PC/ABS, PB, and unfilled
or talc-filled PP
• There is no limitation on the graining that can be
used; the fabric effect will differ depending on the
grain effect engraved in the tool
• If parts are extruded or a mold is not engraved,
final parts will have an attractive speckled
appearance, but will not be textured
TYPICAL USES
Fabric FX concentrates are suitable for any application
that could benefit from an enhanced textile-like
appearance.
https://www.avient.com/sites/default/files/2020-12/packaging-solution-bulletin-selector-guide.pdf
CHEMICAL RESISTANT TPEs ADD FUNCTIONALITY THAT BRINGS VALUE
TO CONSUMERS
• Chemical Resistance – Resists aggressive
soaps, detergents, lotions, oils and solvents
found in cosmetic, personal care and
household products
• Regulatory* – Compositionally compliant
with certain FDA and REACH regulations
• Value – Economical alternative to silicone
and over-engineered medical grade TPEs
• Easy to Process – Can be injection molded
and overmolded right onto the substrate
including PP, ABS, etc
https://www.avient.com/sites/default/files/2024-06/Infant Care Product Bulletin_Selector Guide.pdf
HOW GLS TPES MAKE THE DIFFERENCE IN INFANT CARE APPLICATIONS
• Safe to Use – Made without bisphenol A (BPA),
phthalates, or heavy metals; select grades
compliant with FDA, REACH and China GB4806
• Durable – Resists bites and tears; many are
tested and safe to use in microwaves and
dishwashers
• Comfortable – Can be overmolded to provide a
soft touch grip and customized
to specific comfort requirements including
vibration and noise reduction
• Easy to Process – Can be injection molded and
overmolded right onto a substrate including PP,
ABS, etc
https://www.avient.com/sites/default/files/2023-11/Capture Oxygen Scavenger Product Bulletin.pdf
KEY CHARACTERISTICS
• Extends product shelf life and reduces
waste
• Maintains clarity and aesthetics of the bottle
while keeping contents fresh
• Located in the closure, eliminating the need
to add a scavenger to the container wall
• Allows unlimited design freedom, including
lightweighting
• Has achieved APR Critical Guidance Recognition
• Allows up to 100% rPET usage
• Does not negatively impact the PET or polyolefin
recycle streams
PRODUCT BULLETIN
PROCESSING PARTICULARS
Capture is designed to work with 1-piece
HDPE and PP plug seal closures.
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.
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
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
29
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.0
15.6
13.9 13.7
12.8
9.5
18.0 17.5
12.3
10.2 9.7
8.8 8.4
5.9
(2
01
1)
(2
01
8)
SEGMENT DATA
U.S. & Canada
40%
37%
18%
Latin America
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
31
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
US & Canada
34%
38%
Latin America
END MARKET REGION
32
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
52%
35%
REGION
33
19%
8%Industrial
16%
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
34
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/resources/safety-data-sheets?page=5601
PP 7579C KOI 2
V2L BLK/WHT LG SPECK TPE
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=1125
GEON JLC31A BLK
PG 39204 PEARL RD PP
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=1917
GOLD PP
GEON MP101 BLK 2995
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=2982
GEON V8205BLF BLK 2999
GREEN 242872 PP
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=2283
X PD 40GF HF BLK
UV BLUE PP #2
PP FR 8-6 LMS-1000