https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE Static Dissipative _ Electrically Conductive Thermoplastic Elastomers Product Overview_A4.pdf
Stat-Tech™ TPE Static Dissipative & Electrically
Conductive Thermoplastic Elastomers
Stat-Tech™ TPEs are electrically conductive
thermoplastic elastomers engineered to protect
critical electronics from electrostatic discharge
(ESD), and electromagnetic and radio frequency
interference (EMI/RFI).
Stat-Tech TPEs can be both injection molded and
extruded, giving great design freedom for more
complex geometries.
Stat-Tech TPEs are well-positioned to perform in
applications such as industrial conveyor belts and
controllers, ADAS systems and electronic devices.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Operating Income
$3,783
$4,100
2020PF 2021E
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
2020PF 2021E
$308
$360
2020PF 2021E
$308
$410
2020PF 2021E
$1.93
$2.40
2020PF 2021E
$1.93
$2.80
2020PF 2021E
(1) (1)(1)
(1)(1) (1)
(in millions) (in millions)
12
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) (1)
($ in m illions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
S U S TA I NA B I L I T Y
• Most recent Sustainability report substantially expanded disclosure on
key environmental and social topics
D
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)
K
W
R
R
P
M
P
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A
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IF
F
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S
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A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of April 27, 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: 77%
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 April 27, 2021
87 89 87 86
82 81
76
88 87
84
82 81
78 77 77 77 76 73
70
69
50
19
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Source: Peer data per Bloomberg market data as of April 27, 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.
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versalloy-tpe-cargo-rack.pdf
O F F - ROA D V E H I C L E
M A N U FAC T U R E R
C A R G O R A C K
• Design freedom
• Improve process efficiency to reduce cost
• High strength-to-weight ratio
• Aesthetic appeal
• Weather and chemical resistance
• Replaced metal with a injection-moldable
thermoplastic plus TPE overmold to meet
performance demands and maintain
premium brand quality
• Provided technical support to help expand
the design and function of the cargo rack
• Reduced manufacturing costs by
eliminating the painting step from the
process
Versalloy™ TPE and thermoplastic substrate
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-10/Versaflex TPEs - EEG headset- case study snapshot.pdf
Satisfied USP Class VI regulatory
requirements for skin contact
• Delivered a series of soft-touch TPEs
capable of meeting the desired feel
• Eased production of buckle design with
injection moldable solutions
Versaflex CL TPEs
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
GLS™ TPEs with Antimicrobial Technologies
This specialty line of GLS™ thermoplastic elastomers
has imbedded antimicrobial additives that inhibit
bacterial growth by 99.9% or more (log 3) and resist
fungal growth to protect molded plastic parts.
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.
KEY CHARACTERISTICS
• Protects finished part by inhibiting microbial
and fungi growth
• Extends useful life of finished TPE parts by
controlling deterioration caused by mildew
or mold fungus
• Increases product durability, preserves surface
integrity, and minimizes odors
MARKETS & APPLICATIONS
Suitable for high-touch surfaces and applications,
GLS TPEs with antimicrobial technologies add
value in the consumer, packaging and automotive
markets.
https://www.avient.com/sites/default/files/2023-11/reSound BIO TPEs Technical Bulletin.pdf
TECHNICAL BULLETIN
reSound™ BIO Thermoplastic Elastomers
Customizable Bio-based TPEs
reSound™ BIO TPEs are formulated utilizing between
35 and 60 percent bio-renewable content.
Initially available in overmolding grades compatible
with PP, all grades are formulated to achieve
comparable performance to traditional TPEs.
This expertise enables brands to meet sustainability
goals while maintaining the mechanical properties
of traditional TPEs.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-case-study.pdf
To learn more about our wet grip
TPEs, contact Avient at +1.844.4AVIENT
(1.844.428.4368) or visit avient.com.
The customized TPE offered excellent hydrophobic
qualities and similar melt strength to PP while
still maintaining its key mechanical properties.
Ultimately, Avient customized a GLS™ wet grip TPE
that outmaneuvered traditional materials—delivering
dynamic hydrophobic performance, translucent
aesthetics, non-abrasive comfort grip, and excellent
UV protection.
https://www.avient.com/sites/default/files/2020-11/gls-indoor-grips-translation-application-bulletin.pdf
For
example, overmolding a TPE grip onto a hand mixer
can improve comfort.
A few of the options you can add with GLS TPEs:
1.
TPEs can provide
unusual texturing, such as a bubble or ridged
surface or even a leather look.
3.
https://www.avient.com/idea/three-ways-enhance-cosmetic-packaging-chemically-compatible-thermoplastic-elastomers-tpes
Silicones and the standard TPEs traditionally used in cosmetic packaging present several tradeoffs.
Good processability is a key benefit of chemically compatible TPEs.
For more information on chemically compatible TPEs, download the application bulletin.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
Buyer acknowledges that information
in Seller’s marketing materials, technical data sheets
and other descriptive publications distributed or
published on its websites may vary from time to time
without notice.
Buyer
acknowledges that Seller has furnished to Buyer Safety
Data Sheets, which include warnings together with
safety and health information concerning the Product
and/or the containers for such Product.
Data Protection.