https://www.avient.com/sites/default/files/2025-05/AVNT Q1 2025 Webcast Slides_w_non-GAAP.pdf
EBITDA
97
100
• Sales growth led by resilient
packaging demand across all
regions, which was partially
offset by weak transportation
sales
• Higher sales, favorable mix, and
cost improvements contributed to
adjusted EBITDA growth and
50 bps of adjusted EBITDA
margin expansion
Adj.
18.8%
Adj.
19.3%
Copyright © .
2025 8
Specialty Engineered Materials – Q1 2025 performance
Sales
314
308
Flat
Adj.
Three Months Ended March 31,
2025 2024
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net (loss) income attributable to Avient common shareholders $ (20.2) $ (0.22) $ 49.4 $ 0.54
Special items, after-tax 75.7 0.82 5.5 0.06
Amortization expense, after-tax 14.5 0.16 14.9 0.16
Adjusted net income / EPS $ 70.0 $ 0.76 $ 69.8 $ 0.76
March 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2025 2024
Net (loss) income – GAAP $ (19.9) $ 49.7
Income tax (benefit) expense (6.7) 16.8
Interest expense, net 26.9 26.6
Depreciation & amortization 45.3 44.3
EBITDA $ 45.6 $ 137.4
Special items, before tax 101.2 6.2
Interest expense included in special items (1.7) —
Depreciation & amortization included in special items (0.4) (0.5)
Adjusted EBITDA $ 144.7 $ 143.1
Adjusted EBITDA as a percent of sales 17.5 % 17.3 %
1
March 31,
2025 2024
Sales:
Color, Additives and Inks $ 519.7 $ 515.3
Specialty Engineered Materials 308.4 314.4
Corporate (1.5) (0.7)
Sales $ 826.6 $ 829.0
Operating income:
Color, Additives and Inks $ 78.6 $ 74.8
Specialty Engineered Materials 47.1 53.4
Corporate (125.0) (34.2)
Operating income $ 0.7 $ 94.0
Depreciation & amortization:
Color, Additives and Inks $ 21.7 $ 21.9
Specialty Engineered Materials 21.5 19.6
Corporate 2.1 2.8
Depreciation & amortization $ 45.3 $ 44.3
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 100.3 $ 96.7
Specialty Engineered Materials 68.6 73.0
Corporate (122.9) (31.4)
Other expense, net (0.4) (0.9)
EBITDA $ 45.6 $ 137.4
Special items, before tax 101.2 6.2
Interest expense included in special items (1.7) —
Depreciation & amortization included in special items (0.4) (0.5)
Adjusted EBITDA $ 144.7 $ 143.1
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 19.3 % 18.8 %
Specialty Engineered Materials 22.2 % 23.2 %
Reconciliation to EBITDA and Adjusted EBITDA:
Year Ended
December 31, 2024
Net income – GAAP $ 170.7
Income tax expense 54.1
Interest expense 105.6
Depreciation & amortization 179.7
EBITDA $ 510.1
Special items, before tax 20.1
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.5)
Adjusted EBITDA $ 526.4
Adjusted EBITDA as a percent of sales 16.2 %
2
Three Months Ended
March 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1)
Net income from continuing operations attributable to Avient common shareholders $ 20.8 $ 0.23
Special items, after tax 22.3 0.24
Amortization expense, after-tax 15.1 0.16
Adjusted net income / EPS $ 58.2 $ 0.63
June 30, 2024
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1)
Net income attributable to Avient common shareholders $ 33.6 $ 0.36
Special items, after-tax 21.8 0.24
Amortization expense, after-tax 14.8 0.16
Adjusted net income / EPS $ 70.2 $ 0.76
Year Ended
December 31, 2024
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1)
Net income attributable to Avient common shareholders $ 169.5 $ 1.84
Special items, after-tax 15.9 0.17
Amortization expense, after-tax 59.5 0.65
Adjusted net income / EPS $ 244.9 $ 2.66
3
AVNT Q1 2025 webcast slides_v16.pdf
Q1 2025 Earnings webcast
Slide 1
Slide 2: Disclaimer
Slide 3: Q1 2025 highlights
Slide 4: Q1 2025 organic revenue growth - by region
Slide 5: Playbook in current environment
Slide 6
Slide 7: Color, Additives & Inks – Q1 2025 performance
Slide 8: Specialty Engineered Materials – Q1 2025 performance
Slide 9: Global reach with a local touch
Slide 10
Slide 11: 2025 financial guidance unchanged...
Slide 12
Slide 13: Avient 2024 sales
Slide 14: Color, Additives & Inks
Slide 15: Specialty Engineered Materials
Slide 16: Avient 2024 regional sales, by end market
Slide 17: Raw material basket
IR Deck - AVNT-2025.03.31 Non-Gaap Recs.pdf
Attachment
https://www.avient.com/knowledge-base/article/overmolding-guide
ECCOH™ XLS Moisture Cured Formulations
Collaborating with Avient provides access to a world-class team with expertise in component design, tooling, molding processes, and formulation development.
https://www.avient.com/news/archives?page=15
Avient Launches New Stat-Tech™ TPEs & PTFE-Free LubriOne™ Internally Lubricated Formulations at Fakuma 2023
LubriOne™ formulations can be used for gears where a
https://www.avient.com/knowledge-base/article/overmolding-guide?rtype[]=1164
ECCOH™ XLS Moisture Cured Formulations
Collaborating with Avient provides access to a world-class team with expertise in component design, tooling, molding processes, and formulation development.
https://www.avient.com/knowledge-base/article/overmolding-guide?pname[]=91
ECCOH™ XLS Moisture Cured Formulations
Collaborating with Avient provides access to a world-class team with expertise in component design, tooling, molding processes, and formulation development.
https://www.avient.com/knowledge-base/article/overmolding-guide?ind[]=6599
ECCOH™ XLS Moisture Cured Formulations
Collaborating with Avient provides access to a world-class team with expertise in component design, tooling, molding processes, and formulation development.
https://www.avient.com/sites/default/files/2025-02/MAXXAM Electronic Card Holder Application Snapshot.pdf
APPLIANCE
MANUFACTURER
E L E C T R O N I C C A R D H O L D E R
• UL 94 and glow wire properties
• Easy to mold for complex geometries
• Mechanical properties for snap hooks
• Easy to process
• Good cost/performance
• Utilized material expertise and experience
to provide a formulation that met UL and
IEC standards
• Met agreed specification within narrow
tolerances
• Provided consistent quality
• Met Turkish and EU regulations including
REACH and RoHS
Maxxam NHFR Non-Halogen Flame
Retardant Polyolefin Formulation
KEY REQUIREMENTS
WHY AVIENT?
All Rights Reserved
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-formulations-and-maxxam-nhfr-non-halogen-flame-retardant-formulations
Appliance Manufacturer
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers/vectran-liquid-crystal-polymer
Vectran® Liquid Crystal Polymer (LCP)
Composition
Vectran® is an aromatic polyester spun from a liquid crystal polymer in a melt extrusion process.
Polymer jacket extrusion protects & extends the life of cables & strength members
https://www.avient.com/sites/default/files/2022-10/Potable Water Tanks Mini Case Study.pdf
WATER STORAGE
MANUFACTURER
P O T A B L E W A T E R T A N K S
• Diminish growth of microbials in water tanks to provide
differentiating feature for landmark product launch
• Prevent undesirable odor associated with bacteria and
fungal growth on the product’s polymer surface
• Meet FDA, NSF, and UL regulatory requirements
• Formulated a multi-polymer solution that
ensured microbial and fungal growth were
diminished while preserving polymer
performance
• Utilized antimicrobials to mitigate the causal
effect of undesirable tastes and odors
• Enabled customer to meet requirements
through Avient’s knowledge and expertise of
regulatory protocols
Cesa™ WithStand™ Antimicrobial Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/withstand-antimicrobial-additives
https://www.avient.com/resource-center?document_type=59&page=46
Versaflex™ PF formulations are specially developed for the manufacture of co-extruded surface protective films