https://www.avient.com/sites/default/files/2022-11/PREPERM RF Materials 1-pager.pdf
RADIO FREQUENCY MATERIALS Maximize your radio frequency (RF) performance with PREPERM™ materials OPTIMAL RF PROPERTIES • Well-controlled dielectric constant range 2.55–23 • Ultra-low loss even at mmWave frequencies • Stable performance even up to 220 GHz SPEED UP YOUR CONCEPT VALIDATION WITH • Avient Design services • Filaments for 3D printing FROM PROTOTYPING TO MASS PRODUCTION • Injection molding process enables flexible product designs • Scalable production • Customized sheets in high volumes • Consistent quality in mass production • Excellent total cost performance compared to traditional materials PREPERM™ IS A SUSTAINABLE CHOICE Products’ life-cycle and environmental footprint are important factors for designers.
PREPERM helps to design more sustainable products.
https://www.avient.com/sites/default/files/2024-02/Fiber-Line Braiding Product Bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner. 1.844.4AVIENT www.avient.com SUSTAINABILITY SPOTLIGHT We recycle and reuse the heat generated from our fiber-enhancing manufacturing processes.
We believe that our ongoing commitment to be a leading sustainable organization and to remain at the forefront of fiber and coating technology will continue to drive the success of our customers, shareholders, and employees.
https://www.avient.com/sites/default/files/2024-01/ColorMatrix AAnchor Brochure_A4.pdf
CHOOSE COLORMATRIX AANCHOR FOR SUSTAINABLE AND HIGH-QUALITY PET PACKAGING ColorMatrix AAnchor is an innovative solution for the polymer industry, offering a comprehensive solution to enhance the recyclability, quality, and regulatory compliance of PET packaging.
By incorporating ColorMatrix AAnchor, brands are supported to achieve their sustainability goals, reduce environmental impact, and deliver superior products to consumers.
https://www.avient.com/sites/default/files/2022-09/Smartbatch Blow Molding Brochure.pdf
These concentrates are customized and optimized for your particular needs, from improving processing to enhancing aesthetics, and even to meeting sustainability goals.
Be Sustainable Eco-conscious consumers value recycled content, renewable resources and resource efficiency.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-melt-injection-metering-system-flyer-1.pdf
VALUE BENEFITS OF USING THE FLEXCART SYSTEM FlexCart & PlanetPak components create a market leading metering technology: • Robust and reliable system control • Reliable yield (99%) and sustainable packaging • Capability of data networking and remote internet support • Reduced changeover cost with interchangeable cassettes FLEXCART™ MELT INJECTION LIQUID METERING SYSTEM Combined with the PlanetPak™ delivery packaging ATTRIBUTE FLEXCART M.I.
Footprint (LxW cm) 86 x 80 Controller options 6000 Typical max. throughput (kg/hr) 120 Max. metering rate (cc/s) 1.25 Continuous use Yes Transfer pumps PC Metering pumps PC Interchangeable cassette Yes Note: PC = Progressing Cavity Pump Peri = Peristatic Pump PLANETPAK™ CONTAINERS The FlexCart system is designed to work with the standardized PlanetPak container range of packaging, achieving 99% reliable yield whilst at the same time achieving a sustainable packaging format in terms of full recyclability.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-mini-liquid-metering-system-flyer-1.pdf
VALUE BENEFITS OF USING THE FLEXCART MINI SYSTEM FlexCart units & PlanetPak containers create a market leading metering system: • Robust and dependable system control • Reliable yield (typically 99% using a PlanetPak) and sustainable packaging • Capability of data networking and remote internet support • Simplified changeover with interchangeable cassettes FLEXCART™ MINI LIQUID METERING SYSTEM Combined with the PlanetPak™ delivery packaging Note: PC = Progressing Cavity Pump Peri = Peristatic Pump ATTRIBUTE FLEXCART MINI Footprint (LxW cm) 98 x 38 Controller options 3000 5000 Typical max. throughput (kg/hr) 625 Max. metering rate (cc/s) 10 Continuous use Yes Transfer pumps Peri Metering pumps PC/Peri Interchangeable cassette Yes PLANETPAK™ CONTAINERS The FlexCart system is designed to work with the standardized PlanetPak container range of packaging, typically achieving 99% reliable yield while also achieving a sustainable packaging format that is fully recyclable.
https://www.avient.com/sites/default/files/2020-11/gls-tpes-soft-touch-selection-guide.pdf
SUSTAINABILITY It almost goes without saying, but consumers today are more environmentally aware and concerned with sustainability, especially when it comes to packaging.
https://www.avient.com/sites/default/files/2023-10/Cesa Unify A4R Product Bulletin.pdf
Many brand owners are also setting their own sustainability targets by pledging to increase PCR content by a significant percentage within relatively short time scales.
PRODUCT BULLETIN Sustainability Spotlight Recycle Solutions Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
This is captured in our four cornerstones of sustainability.
We have established 2030 Sustainability Goals at Avient.
BOARD OVERSIGHT OF ESG AND SUSTAINABILITY MATTERS Avient has clear responsibilities related to ESG and sustainability matters.
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.
EPS (1) $0.14 $2.67 $3.04 2006 2018 2022PF TOP-TIER SUSTAINABILITY PERFORMANCE AND RECOGNITION Industry Sustainability Standards 90th percentile 84th ESG Ratings Performance 3 1 4 10 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 11 2022 RE SU LT S Q4 EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 13 $ 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 EBITDA 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 14 • 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% 10% 20% 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 F re e C as h F lo w C o n ve rs io n F re e C 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. $600 $592 2021 2022 $3.02 $3.04 2021 2022 FULL YEAR 2022 PERFORMANCE (TOTAL COMPANY PRO FORMA) 15 Sales Adjusted EBITDA $3,712 $3,653 2021 2022 -2% Adjusted EPS -1% + 1% (in millions) (in millions) (+4% excluding FX) (+5% excluding FX) (+9% excluding FX) FULL YEAR 2022 SEGMENT PERFORMANCE 16 CAI $2,402 $2,355 Sales ($ in millions) $409 $402 EBITDA SEM Pro Forma $1,308 $1,300 Sales $278 $272 EBITDA (+4% excluding FX) - 2% -1% (+5% excluding FX) - 2% (+4% excluding FX) - 2% (+2% excluding FX) PRO FORMA FULL YEAR EPS BRIDGE 17 Pro Forma 2021 Adjusted EPS 3.02$ Foreign Currency (0.23) Russia Import Sales (0.07) Outdoor High Performance (0.13) Color, Additives and Inks 0.18 Specialty Engineered Materials 0.24 Corporate Costs / Other 0.03 Pro Forma 2022 Adjusted EPS 3.04$ FULL YEAR EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 18 $ millions CAI: Price / Mix 247 Inflation (176) SEM: Price / Mix 121 Inflation (77) Net Price Benefit 115 Wage and Energy Inflation (47) Clariant Color Integration Synergies 23 Incentives, Other Employee Costs 43 FX (34) Full Year 2022 $592 Adjusted EBITDA Full Year 2021 $ 600 Demand (99) Russia Import Sales (9) • Demand primarily impacted by China lockdowns, 4th quarter industrywide destocking and declining consumer sentiment • Pricing outpaced inflation of raw materials, wages and energy 2023 G U IDA N CE $125 $530 Q1 FY $0.55 $2.40 Q1 FY 2023 GUIDANCE 20 Sales Adjusted EBITDA $845 $3,450 Q1 FY Adjusted EPS (in millions) (in millions) CASH FLOW / BALANCE SHEET 21 • IT investment to further integrate acquired businesses and capture operational efficiencies • Restructuring actions to streamline operations and improve profitability, primarily in Europe ($ millions) 2023E Cash Flow from Operating Activities 350$ Less: Run-Rate CapEx (110) CapEx for IT System Upgrade (25) CapEx for Restructuring (15) Total CapEx (150) Free Cash Flow 200$ Adjusted EBITDA 530$ Net Debt / Adjusted EBITDA 2.9x K E Y G R O W T H D R I V E R S A N D T R A N S F O R M E D P O R T F O L I O GROWTH DRIVERS: PROVEN SUCCESS 23 (1) Pro forma for the acquisition of Avient Protective Materials (APM) COMPOSITES $51 $84 $212 $668 2016 2018 2020 2022 Long Term Growth Rate 10% Organic CAGR 10% HEALTHCARE $108 $113 $231 $293 2016 2018 2020 2022 Long Term Growth Rate 8-10% Organic CAGR 11% ASIA/EMERGING REGIONS $265 $358 $726 $830 2016 2018 2020 2022 Long Term Growth Rate 5% Organic CAGR 12% $340 $455 $790 2016 2018 2020 2022 $1,175 SUSTAINABLE SOLUTIONS Long Term Growth Rate 8-12% Organic CAGR 11% (1) (1)(1) (Sales in $ millions) #1 Color Formulator Dyneema® - World’s Strongest Fiber™ #1 in Composites applications for outdoor high performance #1 in Performance Inks Customized solutions 140+ PhDs on staff Rapid development of innovative products Extensive patent (2,500+) portfolio 33% Vitality Index Better-positioned toward stable, high-growth end markets Consumer, packaging, healthcare and defense comprise nearly 60% of sales Agnostic to raw materials, helping all customers achieve their goals Broad portfolio of diversified sustainable solutions 90%+ of our innovation pipeline invested in sustainable solutions Long-term growth rate well above GDP with expectations of 8-12% LEVERAGING OUR TRANSFORMED PORTFOLIO 24 Healthcare 8% Packaging 24% Consumer 20% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% 2022 PF $3.65B sales Defense 6% Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator (1) 2022 Pro forma for the acquisition of Avient Protective Materials (2) 2020 Pro forma for the acquisition of Clariant Color (1)(2) (1) $340M $455M $790M 2016 2018 2020PF 2022PF $1,175M P EE R C O M PAR IS O N S AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of February 13, 2023 Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M. 27 3 2 3 3 4 4 3 4 5 5 5 6 7 7 A vi en t K W R P P G F U L A V Y R P M F M C H U N H X L C E E C L A S H S C L E M N FREE CASH FLOW CONVERSION Source: Peer data per Bloomberg as of February 13, 2023 Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.