https://www.avient.com/resources/safety-data-sheets?page=1159
GRV-PV-029-CM-RED III
GRV-PV-029-CM-RED II
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=1291
GRV-PV-029-CM-Green
GRV-PV-029-CM-Yellow
GEON W9300 NAT 0000
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-pol-a4.pdf
Nie uczestnicz w spotkaniach z konkurentami (w
tym w spotkaniach stowarzyszeń branżowych),
podczas których omawiane są ceny lub którykolwiek
z powyższych tematów.
7.
Zawsze postępuj zgodnie
z zasadami uczciwości i szczerości w sprzedaży
produktów Spółki, w tym w reklamie i promocji tych
produktów.
17.
Załóż, że
dokumenty firmowe trafią w ręce rządu lub
innych stron przeciwnych w przypadku sporu
sądowego.
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
FE BRUARY 1 5 , 2023
W EB CAS T
Q4 2022 VS.
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
14
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
15
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
17
$ 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
18
• 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.
32
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)
RA W M AT ER IA L
OVE RV IE W
34
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
30%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
Excludes Avient Protective Materials
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
36
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
37
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
38
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
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
39
https://www.avient.com/resources/safety-data-sheets?page=6233
MB3189 White 1003-01-0011 NP
MB3190 Brown 1003-02-0012 NP
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=5265
Geon(TM) HC MM482B LD RAM NCS (380 NP)
110ULBFF EPIC PANTONE(R) 110 U HO SIM
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=4320
T282.6 NP-20 CC HIGH BLUE
T285.2 NP-20 CC HIGH RED
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=845
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=4290
153.62 NP-101 (HF) CC HIGH RED
153.82 NP-101 (HF) CC HIGH RED
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=4297
T894.3 NP-101 CC SUPER ORANGE
XRU-2177 FEP NP-108 CC HIGH BLUE
GEON W9300 NAT 0000