https://www.avient.com/products/polymer-colorants/fiber-colorants/renol-fiber-colorants
Deep Jet-Black Shades for Textiles
Deep Black for Polyester Textiles
Discover how our fiber tracer technology can help confirm the origin of fibers in your textile products
https://www.avient.com/industries/consumer/consumer-discretionary/outdoor-recreation/shooting-sports
From product design to manufacturing and supply chain efficiencies, we help you bring next generation products to market faster, gain customer loyalty, and boost your bottom line.
Textiles
https://www.avient.com/investor-center/investor-news/archives?page=8
Avient Announces First Quarter 2022 Results in Connection with Announcement to Acquire DSM Protective Materials (Dyneema®)
Avient Announces Agreement to Acquire DSM Protective Materials (Dyneema®) and Plans to Explore Sale of Distribution
https://www.avient.com/company/sustainability/sustainability-report/planet/energy-ghg-emissions
Partnering with our suppliers to enhance the eco-efficiency of our supply chain
Reducing Emissions Across Our Value Chain
This highlights how critical it is to collaborate with suppliers and customers across our value chain to reduce emissions.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
In 2022, we expanded our materials offering with the acquisition of the protective materials
business of DSM, including the Dyneema® brand, the World’s Strongest Fiber™.
Avient’s Global Trade and EH&S
departments share responsibility for supply chain security.
We continue
to partner with Carbon Minds as well as our supply chain to generate the
data.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
In 2022, we expanded our materials offering with the acquisition of the protective materials
business of DSM, including the Dyneema® brand, the World’s Strongest Fiber™.
Avient’s Global Trade and EH&S
departments share responsibility for supply chain security.
We continue
to partner with Carbon Minds as well as our supply chain to generate the
data.
https://www.avient.com/news/polyone-joins-leading-brands-eliminate-hazardous-chemicals-discharge-textile-manufacturing
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PolyOne Joins Leading Brands to Eliminate Hazardous Chemicals Discharge in Textile Manufacturing
Our textile industry expertise means we can apply existing solutions, and potentially shape new ones, that can contribute to achieving the ZDHC Group’s goals.”
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including, without limitation, any supply chain and logistics issues;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
GUIDANCE
DEBT / LEVERAGE R EDUCTION
• Completed sale of Distribution
and paid down $750M of debt
in November
• Strong free cash flow in fourth
quarter reduced leverage and
enabled paydown of additional
$200M of debt
• Fixed/Floating Debt Ratio 63/37
• Proven track record of
deleveraging following
acquisitions through consistent
free cash flow generation
$725 $725 $725
$575 $500 $400
$600
$525
$425
$650
$650
$650
$600
$2.40B
$2.20B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
After Distribution
Divestiture
Year-End
4
Year-End
Leverage
3.8x 3.1x 2.9x
2023 Notes
After Avient
Protective Materials
Acquisition
$3.15B
20 22 TRA NSF OR MATI ONAL PORTFOLI O
ENHA NC EMENTS
5
EBITDA margins expanded
from 12% to 16%
Diversified end markets
with reduced exposure to
more cyclical industries
Dyneema®
Acquisition
$1.48B acquisition
strengthens composites
platform
Significantly improved
EBITDA margins $950M divestiture results
in 100% specialty sales
Strong exit multiple of 10x
TTM EBITDA despite
market volatility
Distribution
Divestiture
Improved
Portfolio
G ROW I NG C OM PO SI T ES P LAT F OR M
C O NT R I BU TI O NS TO S EM S EG ME NT
6
Note: 2022 is pro forma for Avient Protective Materials
2016 Sales 2022 Sales
Advanced
Composites
51%
$560M $1,300M
Advanced
Composites
9%
C O M P O S I T E S P O R T F O L I O
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 T A P E S T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
7
ADVA NC ED C OM POSI TES PERFORMA NCE
8 (1) Pro forma for the acquisition of Avient Protective Materials
Sales
$51
$84
$212
$668
2016 2018 2020 2022
$4
$10
$41
$169
2016 2018 2020 2022
EBITDA
(1) (1)
($ in millions)
PORTFOLIO EVOLUTION AND EPS EXPANSION
9
Adj.
https://www.avient.com/products/polymer-additives/chain-extender-additives/colormatrix-reprize-iv-builder-pet
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ColorMatrix™ rePrize™ IV Builder for PET
The rePrize™ chain extender offers a cost-effective way to rebuild intrinsic viscosity (IV) and increase your use of reclaimed or recycled PET.
https://www.avient.com/products/polymer-additives/chain-extender-additives/cesa-extend-additives
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Cesa™ Extend Additives
Re-links broken polymer chains