https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-overview-2020.pdf
Footprint (LxW cm) 86 x 71 98 x 38 60 x 35 55 x 30 86 x 80
Typical max. throughput (kg/hr) 1000 625 250 50 120
Max. metering rate (cc/s) 10 10 10 1.8 1.25
Continuous use Yes Yes No No Yes
Transfer pumps PC/Peri Peri NA NA PC
Metering pumps PC/Peri PC/Peri PC/Peri Peri PC
Interchangeable cassette Yes Yes Yes No Yes
Typical PlanetPak delivery unit 25L 25L NA 1L 25L
Other delivery packaging IBC/LN Drum/LN LN LN NA
PC PUMP RATE (cc/rev) 0.09 0.28 0.87 2.6 5.2
RECOMMENDED OUTPUT RANGE (g/min) 0.9 to 9 2.8 to 28 8.7 to 87 26 to 260 53 to 520
PC PUMP MAX (g/min) 18 56 174 520 1040
CONTROLLER CMG 3000 FlexG CMG 5000 CMG 6000
Application
Injection Molding
Extrusion
Injection Molding
Extrusion
Injection Molding
Extrusion
Injection Molding
Extrusion
Melt Injection
Volumetric/gravimetric V
V
(weight data)
V/G V/G
Data export/network No Yes Yes Yes
Touch screen No Yes Yes Yes
Multiple log-in levels No No Yes Yes
FlexCart Model S Optional Yes No
Mini Model S No Yes No
Micro Yes No Yes No
Nano Yes No No No
Melt Injection No No No Yes
Choosing a progressive cavity pump for transfer or metering
Choosing the controller
MAKING THE RIGHT CHOICE
Here are the options which should be considered for an informed choice of combinations:
(Note: LN = 3, 5 & 10L molded container PC = Progressing Cavity Pump Peri = Peristaltic Pump)
Avient can provide support and
assistance on every aspect of liquid
color and additive processing.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
DISCLAIMER
Avient Corporation 3
Avient Corporation 4
Welcome
Bob Patterson
Chairman, President, and Chief Executive Officer
INTRODUCTION
Sustainability for a Better Tomorrow
Jamie Beggs
Senior Vice President and Chief Financial Officer
Avient Corporation 5
WE ARE A FORMULATOR
CUSTOM
FORMULATION
Avient Corporation 6
Avient Corporation 7
WE ARE INNOVATORS
2,500+
ACTIVE PATENT
FILINGS WORLDWIDE
1,100+
RESEARCH AND
DEVELOPMENT ASSOCIATES
>85% Stage-gate technology projects enable sustainable solutions
INDIA INNOVATION CENTER
33%
2022 VITALITY
INDEX
140+
MATERIAL SCIENCE
PhD ASSOCIATES
Avient Corporation 8
3% 3%
5%
Avient Specialty Formulators Other Specialty /
Chemical Companies
CAPEX / Revenue
2023E
Global footprint enables greater flexibility to exceed
needs of customers and deliver localized technical
and formulation expertise
35
9
36
24
Manufacturing Locations by Region
WE ARE ASSET LIGHT
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient Corporation 9
Asset-light flexibility
enables more nimble
manufacturing capabilities
and lower overhead
Periods of economic
weakness have driven
higher levels of cash
generation due to working
capital improvement
PROVEN TRACK RECORD OF HIGH FREE CASH FLOW CONVERSION
78%
78%
80% 80%
81%
78%
84%
83%
80%
79%
50%
55%
60%
65%
70%
75%
80%
85%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E
0
50
100
150
200
250
300
350
400
Fr
ee
C
as
h
Fl
ow
C
on
ve
rs
io
n
Fr
ee
C
as
h
Fl
ow
FC F $ AVNT FC F Conver si on % S&P F CF Conversion %
2 Recent Divestitures - Combined $1.7B in Proceeds
PORTFOLIO EVOLUTION
Avient Corporation 10
Combined $3.6B Investment in Acquisitions Since 2016
Color Business
Distribution
2016 2022
PORTFOLIO TRANSFORMATION
7%
46%
66%
87%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
D
A
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
Avient Corporation 11
END MARKET TRANSFORMATION
Packaging
Consumer
Healthcare
Defense
Avient Corporation 12
10%
19%
8%
23%
4%
7%
7%
2006 2023E
Other
Industri
es
78%
Healthcare
Consumer
Packaging
22%
56%
14%
10%
43%
9%
2006 2023E
Reduced Exposure to Cyclical End Markets End Market Diversification
Transportation
Building &
Construction
57%
19%
Defense
IMPROVING PROFITABILITY AND EXPANDING MARGINS
Avient Corporation 13
Adj.
Conventionally-Marketed Products Growth
2017-2022
Sustaina bility-Marketed Products Conventionally-Marketed Products
Sustainably-marketed products account for 1/5 of the market share ... yet deliver 1/3 of growth
9%
4%
CAGR
Source: NY Stern School of Business 2023
MAKING RECYCLABILITY COMMITMENTS
Avient Corporation 26
100% recyclable,
compostable or
reusable packaging
by 2025
35% recycled
content for all plastic
packaging by 2025
30% recycled
content by 2030
100% recyclable,
compostable or reusable
packaging by 2025
20% renewable and
recycled plastics by 2025
100% recyclable,
compostable or reusable
packaging by 2025
To source 100% recycled
or renewable resources
25% recycled content
by 2025
80% of waste recycled
back into Nike products
and other goods by 2025
25% recycled
content by 2025
100% recyclable,
compostable or reusable
packaging by 2025
BRAND-SPECIFIC RECYCLED CONTENT ANNOUNCEMENTS
x …the entire DASANI
product lineup will be
made from
recycled plastic.
Manager Equipment Control - KLM-Martinair
Avient Corporation 60
18
27
0
5
10
15
20
25
30
35
40
45
50
2023 2026 2029 2032
EMEA APAC Americas
11% CAGR
38
49
53
58
30
35
40
45
50
55
60
2023 2026 2029 2032
Source: NHTSA, Reuters Source: BloombergNEF
Global Offshore Wind Installations
M
ile
s
Pe
r G
al
lo
n
An
nu
al
In
st
al
la
ti
on
s
(in
G
ig
aw
at
ts
)
1.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
AVIENT: WHO WE ARE
38
21
9
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
8,700+ employees
100+ manufacturing plants
Key Financial Data
2022E Sales $5.1 billion
2022E EBITDA $635 million
2022E EPS $3.50
>70%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
3
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
4
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
Outdoor High Performance) 8 18% 3
Growth in Asia / LATAM 6 3% 2
Other 100 19% 5
Sub-total $1,327 14% $146
Outdoor High Performance Impact (5) (3)
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (28) (5)
Q1 2022 $1,294 11% $136
Q1 2022 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
11
Sales Growth Rate
Adjusted
Operating
Income$ millions
Adjusted
EBITDA
Q1 EBITDA BRIDGE
12
Price increases more than
offset raw material and
supply chain impacts
Q1 2021 $ 161
Demand (23)
$ millions
CAI:
Price / Mix 77
Inflation (54)
SEM:
Price / Mix 41
Inflation (26)
Distribution:
Price / Mix 84
Inflation (82)
Net Price Benefit 40
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (5)
Q1 2022 $ 171
China Lockdowns / Russia Impact $ (7)
Transportation (7)
Outdoor High Performance (3)
Q1 EPS BRIDGE
13
Q1 2021 - Adjusted EPS 0.89$
CAI 0.08
Specialty Engineered Materials 0.06
Distribution 0.00
Corporate Costs 0.02
F/X (0.04)
Segment OI 0.12
Tax Rate (0.02)
Q1 2022 - Adjusted EPS 0.99$
2 0 2 2 O U T L O O K
REVENUE GROWTH DRIVERS
Growth Drivers Long-TermGrowth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 5%
Asia / LATAM 5% 5%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
15
Excluding Outdoor High Performance 20%
(8% excl.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
43
Capex / Revenue
2022E (%)
AV I E N T I S A S S E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
2 2
2
3
4
3 3
5
5
7 7
8
11
A
vi
en
t
A
vi
en
t P
F
F
U
L
K
W
R
P
P
G
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
E
C
L
E
M
N
C
E
A
S
H
S
C
L
Source: Peer data per Bloomberg market data as of April 21, 2022.
https://www.avient.com/sites/default/files/2022-04/Versaflex XP Wet Grip Product Bulletin_NEW.pdf
Versaflex XP 2850
Hardness, Shore A 53
Specific Gravity 0.89
Color Natural
Tensile Strength (psi) 616.4
Elongation at Break (%) 541.4
Viscosity @ 11170/sec (Pa s) 10.9
Dry Kinetic COF 1.256
Wet Kinetic COF 2.463
Increase in COF* (%) 96.1
Abrasion Loss** (mg/cycle) 0.014
Bondability*** PP, PE
TECHNICAL PROPERTIES OF VERSAFLEX XP WET GRIP MATERIAL
* Pull time = 5 sec; Sled Weight = 203 grams; Rate = 30cm/min
** Weight = 1000 grams; Cycles = 500; Wheel = H-18
*** For bonding to other substrates, please contact Avient
COMPARING VERSAFLEX XP 2850 WITH COMMONLY USED WET GRIP MATERIALS
3.00
2.50
2.00
1.50
1.00
0.50
0.00
1.26
2.46
0.85
0.52
0.40
1.20
0.52 0.50 0.52 0.500.50 0.49
Wax Rubber EVA Foam Rubberized
Vinyl
Versaflex
XP 2850
PVC
DRY WET
Wet/Dry COF Performance
*Prepared to standard ASTM D1141-98R21
ps
i
D
ur
om
et
er
(S
ho
re
A
)
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-mini-liquid-metering-system-flyer-1.pdf
PC PUMP RATE (cc/rev) 0.09 0.28 0.87 2.6 5.2
RECOMMENDED OUTPUT
RANGE (g/min)
0.9–9 2.8–28 8.7–87 26–260 53–520
MAX PUMP OUTPUT (g/min) 18 56 174 520 1040
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Microsoft PowerPoint - Avient Q1 2021 Earnings - Final (For Print)
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 1 R E S U L T S
(NYSE: AVNT)
A P R I L 3 0 , 2 0 2 1
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
This
innovation drives performance and is
reflective of consistent, strategic
investments in our portfolio…and
people.
2020 Pro forma $991 $86
Sustainable Solutions 15 11% 6
Healthcare 28 22% 6
Composites 6 10% 3
Growth in Emerging Regions 44 30% 10
Other 53 10% 7
Sub-total $1,137 15% $118
FX Impact 25 - 2
Synergies - - 11
Incentives, Travel, Other Employee Costs - - (8)
2021 Actual $1,162 17% $123
Q1 2021 ORGANIC SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
7
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Adjusted
Operating
Income$ millions
(1)
8
Electrical &
Electronics
Building &
Construction
Wire & Cable Transportation Industrial Healthcare Packaging Consumer
Q1 2020PF Q1 2021
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(2) Financial information is presented on a constant currency basis
(1,2)
(42% of total revenue)
(58% of total revenue)
Q1 END MARKET SALES PERFORMANCE
+17%
+14% +8%
+10%
+8% +22%
+5%
+24%
Q 2 A N D F U L L Y E A R
2 0 2 1 O U T L O O K
$69
$112
2020PF 2021E
$0.42
$0.80
2020PF 2021E
ORGANIC GROWTH PROJECTIONS – Q2
( T O TA L C O M PA N Y )
10
Sales Adjusted Operating Income
$870
$1,100
2020PF 2021E
+ 26%
Adjusted EPS
+ 62% + 90%
(in millions) (in millions)
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
FULL YEAR GUIDANCE INCREASED
11
Sales Adj.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
18
Capex / Revenue
2021E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2 3 2 2 2
3 3
4 3 3 3
4 4 5
5 5 6
7 7
8
24
A
vi
e
n
t
A
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n
t
(E
xc
l.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Expand EBITDA margins to 20%
3.
expectations:
US & Canada
LATAM
EMEA
Asia
• Net price benefit remains greater
than wage and energy inflation
• Clariant synergies and reduced
administrative costs
Q2 2 023 SEQUENTI AL SAL ES BY REGI ON
Q 2 2 0 2 3 v s .
Avient reflects 2023 adjusted EBITDA guidance of $525M and estimated run-rate CAPEX of $110M.
2023E (%)
27
79
89
83 83
78
75
90
81
76
72
68
63
53
11
A
vi
e
n
t
K
W
R
F
U
L
P
P
G
A
V
Y
R
P
M
F
M
C
C
E
E
C
L
A
S
H
H
X
L
H
U
N
E
M
N
S
C
L
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
MULTI PL E EX PANSION
Source: Peer data per Bloomberg as of August 17, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $525M and closing share price of $37.07.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
3
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
Purchase price multiple rapidly declining on strength of
business and synergy capture
14
$133
$205
2019PF 2021
14
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
(1)
(1)
11.9%
16.2%
2019PF 2021
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
C L A R I A N T C O LO R I N T E G R AT I O N &
C O S T S Y N ERG I E S U PDATE
15
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
16
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
16
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
16
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPL E
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 $16 million
raised since 2010
Diversity & Inclusion
17
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
18
Sales Growth Rate
Adjusted
Operating
Income$ millions
Adjusted
EBITDA
Q4 EBITDA BRIDGE
19
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
20
CAI
$526
$581
Sales
($ in millions)
SEM Distribution
$58
$61
Operating Income
+ 11% + 6%
$305
$425
Sales
$18
$22
Operating Income
+ 39% + 22%
(1)
$191
$228
Sales
$30
$29
Operating Income
+ 19% - 3%
2 0 2 2 O U T L O O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
22
Excluding Outdoor High Performance 13%
(7.5% excl.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
30
Capex / Revenue
2022E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
2
2
3
3
4
3
3
5
5
5
7
7 7
A
vi
e
n
t
A
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t
(E
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l.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-micro-liquid-metering-system-flyer.pdf
PC PUMP RATE (cc/rev) 0.09 0.28 0.87 2.6 5.2
RECOMMENDED OUTPUT
RANGE (g/min) 0.9–9 2.8–28 8.7–87 26–260 53–520
MAX PUMP OUTPUT (g/min) 18 56 174 520 1040
Avient can provide support and assistance on every aspect of
liquid color and additive processing.
https://www.avient.com/sites/default/files/2021-09/colormatrix-flexcart-liquid-metering-system-flyer.pdf
PC PUMP RATE (cc/rev) 0.09 0.28 0.87 2.6 5.2
RECOMMENDED OUTPUT
RANGE (g/min)
0.9–9 2.8–28 8.7–87 26–260 53–520
MAX PUMP OUTPUT (g/min) 18 56 174 520 1040
OPTION VS.