https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
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.
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
FE BRUARY 1 5 , 2023
W EB CAS T
Q4 2022 VS.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
32
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.0
15.6
13.9 13.7
12.8
9.5
18.0 17.5
12.3
10.2 9.7
8.8 8.4
5.9
(2
01
1)
(2
01
8)
RA W M AT ER IA L
OVE RV IE W
34
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
30%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
Excludes Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
37%
18%
Latin America
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
36
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
US & Canada
34%
38%
Latin America
END MARKET REGION
37
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
52%
35%
REGION
38
19%
8%Industrial
16%
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
39
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/gridcore-composite-utility-poles
1
3
4
https://www.avient.com/resources/safety-data-sheets?page=3875
STAN-TONE DB-34822 CT 022 GREEN 3
SILVER GREY UV 4%
X GT-6755-1D
https://www.avient.com/resources/safety-data-sheets?page=3457
X LB-1058-1A TAN SP
X TX76383#SR-01084-0001-3: Blue Glow
COOL GREY 4 COATED
https://www.avient.com/sites/default/files/2020-08/case-study-lightweight-garden-hose.pdf
GILMOUR®
A Q U A A R M O R T M L I G H T W E I G H T
H O S E
• Lightweight
• Improved kink resistance and flexibility
• Soft yet durable solution for consumer appeal
• Shelf differentiation
• Drinking water safe
• Met all requirements with a custom TPE
solution, enabling Gilmour to produce a more
compact hose about 50% lighter than standard
PVC hoses
• Incorporated custom colorants for brand
consistency, and specialty additives for
enhanced UV and abrasion resistance
• Delivered a single-material solution for easier
manufacturing, and supplied materials locally to
align with customer’s “Made in the USA” brand
• Provided regulatory and technical support to
product development
Customized Versaflex™ TPE
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=3286
X GV 40834#SR-02514-0003-10 Pink N
NEUTRAL 4
GRAY Q710-1-4 PC
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
INVESTOR DAY
O R L A N D O , F L O R I D A | M A Y 2 0 1 8
FORWARD
LOOKING
STATEMENTS
PolyOne Corporation 2
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.
PolyOne Corporation 3
FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
IMPLIED BY THESE FORWARD-LOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO:
USE OF
NON-GAAP
MEASURES
PolyOne Corporation 4
• This presentation includes the use of both GAAP (generally accepted
accounting principles) and non-GAAP financial measures.
I N V E S T O R D A Y A G E N D A M A Y 1 0 , 2 0 1 8
PolyOne Corporation 5
8:00 WELCOME BREAKFAST
9:00 Introduction:
Bob Patterson
9:45 Investing for Growth:
Michael Garratt
Commercial Resources
Innovation
Service
10:15 SEGMENT REVIEWS
PolyOne Distribution:
Scott Horn
Specialty Engineered Materials:
Michael Garratt
BREAK (10 MINUTES)
SEGMENT REVIEWS (CONTINUED)
Performance Products & Solutions:
Don Wiseman
Color, Additives & Inks:
Mark Crist
11:40 Mergers & Acquisitions:
Joel Rathbun
12:00 Financial Review:
Brad Richardson
12:20 Conclusion/Q&A:
Bob Patterson
1:00 LUNCH
Bradley C.
https://www.avient.com/resources/safety-data-sheets?page=2393
X PK-1482306 Natural
X PK-1482307 Natural
GREY 4 PET COOL 3
https://www.avient.com/resources/safety-data-sheets?page=4876
SWEET GOLD SWIRL F 3
X HC 182753#SR-21700 Magenta Conc 4%
X GT-20459-1E
https://www.avient.com/resources/safety-data-sheets?page=3883
X ET115138#SR-06788 Bullard Red conc 4%
UV PQ-COOL GRAY 9C #3
X HC 136128#SR-07000 Cool Gray