https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements.
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.
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
8
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
9
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
10
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
11
ADVA NC ED C OM POSI TES PERFORMA NCE
12 (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
13
Adj.
https://www.avient.com/sites/default/files/2021-01/5g-base-station-antenna-application-cn.pdf
SEM Base Station Antenna Application Bulletin_CN-210x285mm
特种工程材料
电气与电子解决方案
用于5G基站天线应用的
EDGETEK ™ Dk/Df高频介质材料
随着材料前置周期的不断缩短,5G天线可更快速地满足设计要求,加快5G基础设施的部署进程。
https://www.avient.com/sites/default/files/2022-10/PREPERM SatCom Application Bulletin.pdf
Our
offering covers it all, from top quality material to
prototyping services and stock shapes in different
shapes and sizes
Tight batch-to-batch tolerance
• Wide Dk range from 2.6 up to 23
• Lower weight and better impact resistance
than ceramics
• Isotropic material suits well for
narrow beam widths (less than 0.2°)
• Injection molding for complex shapes
• Low cost mass manufacturing
Whether we are talking about portable satellite terminals or
stationary land stations, the material requirements are alike:
reliable, low loss materials with low manufacturing costs, light
weight and the ability to form complex shapes.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
Tested against common bacteria and fungi,
these TPEs with antimicrobial technologies have
proven to protect the finished part from microbial
and fungi growth on both textured and smooth
surfaces.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/resources/safety-data-sheets?page=6615
PLUE9040 EF HOT SPLIT ADDITIVE
To search using the product code please remove the last two characters from the code for your search.
https://www.avient.com/resources/safety-data-sheets?page=504
902 HOT SPLIT WHITE
To search using the product code please remove the last two characters from the code for your search.
https://www.avient.com/resources/safety-data-sheets?page=319
901 HOT SPLIT BLACK
To search using the product code please remove the last two characters from the code for your search.
https://www.avient.com/resources/safety-data-sheets?page=4136
UV SPLIT PEA GREEN 7745C 2
To search using the product code please remove the last two characters from the code for your search.
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
Their suitability spans various resins from polyolefins and styrenics to engineering resins.
Overview of EV charging market and technologies to enhance public charging stations
Challenges and solutions for materials used in EV charging stations
https://www.avient.com/resource-center?document_type=0&form_build_id=form-fNS88LG3BRw1MCsEhxqrGzoCcCISeOxlsDfIOUV4Mx0&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=84&product_name=0&product_subfamily=0&page=1
Overview of EV charging market and technologies to enhance public charging stations
Challenges and solutions for materials used in EV charging stations
New black colorants from Avient support circular economy and turn former waste into recyclable packaging