https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense associated with intangible assets. 2 COMPOSITES PORTFOLIO D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D P A N E L S T E C H N O L O G Y LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 4 DEFENSE TELECOMMUNICATIONS ENERGY TRANSPORTATION Military • Law Enforcement First Responders Body Armor • Helmets Vehicle Protection Sustainable Infrastructure Offshore Wind Electrical Grid Protection EV Battery Components Commercial Laminates Body & Trim • Air Cargo and Railroad Car Panels 5G Applications Fiber Optic Cables Satellite Communications Connectors and Components 5 COMPOSITES SERVE DIVERSIFIED END MARKETS INDUSTRIAL Lifting Slings • Aquaculture High Pressure Pipe Conveyer Springs Q 2 P ER FO RM A N CE Q2 2023 PERFORMANCE VS.
Avient reflects 2023 adjusted EBITDA guidance of $525M and estimated run-rate CAPEX of $110M. 2023E (%) 23 79 90 84 83 76 73 88 82 77 74 72 67 57 20 A vi en t K W R P P G F U L A V Y R P M F M C C E H X L E C L A S H H U N E M N S C L Avient Specialty Formulators Other Specialty / Chemical Companies MULTIPLE EXPANSION Source: Peer data per Bloomberg as of July 21, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $525M and closing share price of $40.93.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 24 EV / 2023E EBITDA Historic Multiple 6.5 8.3 10.3 14.4 13.6 13.6 12.4 9.0 20.2 18.2 11.5 10.6 9.7 9.6 8.7 8.3 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t (2 02 3) R P M P P G K W R A V Y F U L E C L H X L F M C A S H S C L C E H U N E M N Avient Specialty Formulators Other Specialty / Chemical Companies SEGMENT DATA U.S. & Canada 40% EMEA 37% Asia 18% Latin America 5% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 20% Packaging 24% Industrial 15% Building and Construction 10% Telecommunications 4% Energy 4% Defense 6% END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 26 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 27 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2022 PRO FORMA REVENUE | $1 .3 B ILL ION US & Canada 52% EMEA 35% Asia 13% 28 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 27% Healthcare 8% Industrial 14% Building & Construction 5% Telecommunications 3% Energy 1% Defense 1% Asia (18% of sales) Transportation 9% 2022 PROFORMA AVIENT REGIONAL SALES Packaging 27% Consumer 14% Healthcare 5% Industrial 17% Building & Construction 10% Energy 5% Defense 8% EMEA (37% of sales)Transportation 11% Packaging 13% Consumer 24% Healthcare 12% Industrial 15% Building & Construction 13% Energy 5% Defense 5% US & Canada (40% of sales) Transportation 7% Packaging 56% Consumer 23% Healthcare 4% Industrial 7% Building & Construction 4% Telecommunications 1% LATAM (5% of sales) Transportation 5% Telecommunications 3% Telecommunications 6% 29 BY END MARKET 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/investor-center/news/polyone-barrier-technologies-enable-sustainability-and-recyclability-packaging
For this reason, Lactra SX was recently awarded the China Sustainable Packaging Award 2017 from M.
Robert M.
https://www.avient.com/investor-center/news/polyone-names-dr-david-jarus-vice-president-research-and-development
M&A technology integration lead, program director of lean innovation, and global technology director for Specialty Engineered Materials.
Robert M.
https://www.avient.com/news/polyone-acquires-specialty-assets-accella-performance-materials
This is a compelling acquisition that highlights our approach to M&A,” said Robert M.
https://www.avient.com/sites/default/files/2023-03/Trilliant HC glass-filled PK - Biopharma Tubing Clamps.pdf
BIOPHARMACEUTICAL SUPPLY COMPANY T U B I N G C L A M P • High impact and wear resistance • Low moisture uptake • Comparable dimensional stability to nylon • Eco-conscious alternative to PA66 and PA6 • Delivered a comparable alternative to nylons during supply shortages, resulting in rugged performance and a lower carbon footprint • Provided improved chemical resistance to nylon clamps to withstand repeated cleanings from harsh disinfectants • Offered a global manufacturing footprint to support future expansion of the end products to markets outside the Americas Trilliant™ HC 8910 Glass-Filled Polyketone Thermoplastics KEY REQUIREMENTS WHY AVIENT AVIENT SOLUTION DURABILITY + MATERIAL AVAILABILITY LEARN MORE Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-11/Bergamid_Battery Frame - Application Snapshot.pdf
SOLAR ENERGY COMPANY B A T T E R Y F R A M E • Good dimensional stiffness at high operating temperatures • Eco-conscious performance of a non-halogenated fire retardant • Easy processing • Met regulatory requirements of UL 746C for ultraviolet light, water, and immersion exposures • Delivered excellent high heat and eco- friendly performance of non-halogenated flame resistance • Offered prompt development and on-site technical services to accelerate the speed- to-market Bergamid™ FR Non-Halogen Flame Retardant Formulations KEY REQUIREMENTS HIGH HEAT FLAME RESISTANCE WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/versaflex-philips-avent-bottle-english.pdf
PHILIPS AVENT M I L K B O T T L E S E A L • FDA, EU & China fatty food contact regulations • Provided a tight seal at elevated temperatures for sterilization • Can cater to repeated refrigeration • Utilized material expertise to develop a product to meet fatty food contact regulations and offer safe sealing performance • Enabled mothers to convert their Philips AVENT bottles into breast milk storage containers Versaflex™ FFC2882-87 Thermoplastic Elastomer KEY REQUIREMENTS AVIENT SOLUTION REGULATORY COMPLIANCE LEARN MORE WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/versaflex-cpap-tubing-film.pdf
Versaflex - CPAP tubing film CPAP TUBING C O R R U G A T E D T U B I N G F I L M • Replacement for polyolefins • Good spring-back • Bondable cuffs • Clear & clean look • Minimize humidity and condensation within the tube • No noticeable odor • FDA, ISO 10993 & USP VI compatible • Provided TPE solution to meet market expectations for improved user comfort & aesthetics • Reduced tube noise and improved drape compliance with new material solution versus polyolefins • Offered solution with improved thermal properties to combat humidity Versaflex™ CL2250 KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-09/Case Study - Nymax REC - off-road vehicle.pdf
OFF-ROAD VEHICLE MANUFACTURER S T R U C T U R A L B O D Y C O M P O N E N T S • Replace metal and consolidate parts • High strength • Structural stiffness • Durability • Reduced manufacturing complexity while maintaining strength • Leveraged Avient Design services to achieve consolidated part design • Conducted mold flow analysis and guided material selection using technical and application expertise Nymax™ REC Recycled Nylon Formulation – ND 1233 Grade KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/OnColor Combination MIC Color - Lower Bumper - Application Snapshot.pdf
Microsoft PowerPoint - OnColor Combination MIC Color - Lower Bumper - Application Snapshot AUTOMOTIVE OEM L O W E R E X T E R I O R B U M P E R • Develop a new color for molded-in-color plastics • Create ‘Wow’ effect without chroming or paint • Provide metallic aspect with good UV resistance for exterior part • Developed new “gris megalithe” color for PP (AS1) utilizing Avient Design center • Produced master plaques to showcase new color • Accelerated testing to certify outstanding weathering resistance • Collaborated across the supply chain to optimize metallic effect in the final part Smartbatch™ Combination Colorants & Additives KEY REQUIREMENTS WHY AVIENT?