https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022.pdf
TPEs: The Basics
PET Water Bottles can be
recycled in a closed loop
The goal of a circular economy is to minimize waste and
make the most of available resources to create a world
that is restorative and regenerative by design.
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
0%
60%
80%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B
Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
0%
60%
80%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
Product designers and manufacturers are turning to
thermoplastic elastomers (TPEs) to replace silicone and
natural rubber.
VERSAFLEX™ TPEs allow manufacturers to switch
to more efficient processes that eliminate the time-
consuming and costly assembly operations needed for
old parts.
PolyOne’s Onflex™ Lo TPE and Maxxam™ engineered
material formulations are used for interior HVAC air
flaps, trays, console carrier and instrument panels, and
related interior parts.
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/gravi-tech-rec-recycled-formulations
Recycled content TPEs for enhanced sustainability
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/edgetek-rec-pc-recycled-polycarbonate-solutions
Recycled content TPEs for enhanced sustainability
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/gravi-tech-bio-bio-based-formulations
Bio-Derived TPEs: reSound™ BIO
https://www.avient.com/news/newly-expanded-versaflex-pf-thermoplastic-elastomers-surface-protective-films-ultra-high-adhesion-series-available-avient
With the launch of Avient’s newest Versaflex PF ultra-high adhesion TPEs, we're addressing our customers’ needs for advanced protective film solutions that can adapt to various surfaces and structures, including brushed metal, wood grain, and painted plastics while providing long-lasting protection," said Matt Mitchell, Director, Global Marketing of Specialty Engineered Materials at Avient.
https://www.avient.com/resource-center?document_type=59&document_subtype=117&industry=0&product_family=81&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-AIBrY1ZyQwmzj2EruRqQQ3PVzaFba0pwYj8H3eLS67g&form_id=resource_filter_form
Bergamid™ polymer formulations and GLS™ TPEs replace metal and provide comfort and usability for Swiss soldiers pocket knife
https://www.avient.com/news/avient-develops-new-hardness-grades-high-performance-barricade-elastomers-portfolio
They bridge the gap between traditional TPEs and silicones with improved design flexibility, easier processing, and lighter weight solutions when compared to conventional TPVs, silicones, and thermoset rubbers.