https://www.avient.com/investor-center/news/polyone-hold-second-quarter-2017-conference-call
Conference ID:
Conference ID:
https://www.avient.com/investor-center/news/polyone-hold-fourth-quarter-2015-conference-call
Conference ID:
Conference ID:
https://www.avient.com/investor-center/news/polyone-hold-second-quarter-2018-conference-call
Conference ID:
Conference ID:
https://www.avient.com/investor-center/news/polyone-hold-third-quarter-2018-conference-call
Conference ID:
Conference ID:
https://www.avient.com/investor-center/news/polyone-hold-fourth-quarter-2018-conference-call
Conference ID:
Conference ID:
https://www.avient.com/sites/default/files/2022-02/ColorMatrix Triple A Brochure.pdf
This
additive technology
can be implemented
during PET processing
without impact on
production efficiency.
0
10
20
30
40
50
60
70
80
0.050 0.1 0.15 0.2
%
A
A
R
ed
uc
ti
on
% Use Rate
Anthranilamide
0
10
20
30
40
50
60
70
80
90
.04 .06 .08.020 0.1 0.16 0.180.140.12 0.2
%
A
A
R
ed
uc
ti
on
% Triple A-1+
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
D
is
t.
)
K
W
R
R
P
M
P
P
G
A
V
Y
F
U
L
G
C
P
H
X
L
F
M
C
F
O
E
IF
F
H
U
N
E
C
L
A
S
H
E
M
N
K
R
A
C
E
S
C
L
G
R
A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of June 4, 2021
Avient reflects 2021 estimated revenue of $4,300M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 84% Median: 78%
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M)
Source: Peer data per Bloomberg market data as of June 4, 2021
87
89 87 86
83 81
76
88 85 83 82 81 80 78 78 78 76
72 71 69
50
18
A
vi
e
n
t
K
W
R
P
P
G
R
P
M
A
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Y
F
U
L
G
C
P
F
M
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H
X
L
U
N
V
R
IF
F
E
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L
A
S
H
F
O
E
C
E
E
M
N
B
N
R
H
U
N
G
R
A
K
R
A
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of June 4, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the majority of our
chemical peers.
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
28
Avient reflects 2021 estimated EBITDA of $560M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
10.4
18.2
16.0 15.5 15.3
11.3 11.0
29.7
26.5
23.5
18.2
13.4
11.9 11.9 11.7 10.5 10.4 10.3
10.1 9.7
7.7
6.5
A
vi
e
n
t
K
W
R
A
V
Y
P
P
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P
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F
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L
A
L
B
E
C
L
IF
F
F
M
C
B
N
R
A
S
H
G
R
A
E
M
N
F
O
E
S
C
L
U
N
V
R
C
E
K
R
A
H
U
N
Median: 11.7xMedian: 15.4x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/resources/safety-data-sheets?page=4251
ECCOH 5943 Natural
X ET 168297#SR-10626-5 Black Conc
X GT-12009-1B
https://www.avient.com/resources/safety-data-sheets?page=3430
X TM-16635-01-01 Natural
X ST-16028-03-01 Natural
X ST-16092-01-01 Natural
https://www.avient.com/resources/safety-data-sheets?page=1841
X ND1233 GF BLK C
X TR2-20TA/000 NATURAL
X TR1-10TA/000 NATURAL