https://www.avient.com/news/avient-specialty-inks-focuses-sustainability-debuts-updates-union-ink-branding-impressions-expo-2023
Avient Specialty Inks is excited to exhibit its sustainable portfolio of reduced energy use and eco-conscious inks with a new video showcasing how the team is working to lower ink curing temperatures and expand PVC-free portfolios to help customers meet their sustainability goals.
https://www.avient.com/news/new-edgetek-and-lubrione-pke-materials-avient-replace-nylon-and-acetal-reduce-carbon-footprint
Additionally, the new grades are formaldehyde-free, addressing VOC concerns in manufacturing compared to POM.
https://www.avient.com/news/polyone-colormatrix-technology-enables-energy-savings-china’s-pet-packaging-converters
Adding this technology to bottle preforms enables improved recyclability and reduces energy consumption by up to 30% compared with reheat-free PET resin for substantial production cost savings.
https://www.avient.com/news/take-performance-extreme-comptek-peek-blends-polyone
This higher Tg frees manufacturers to design parts that can withstand greater operating temperatures and high-temperature sterilization without warping.
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
The non-GAAP financial measures include: free cash flow and adjusted EBITDA.
Our free cash flow supports shareholder value creation through investing in R&D for organic growth, completing bolt-on acquisitions, and returning cash to shareholders via our dividend program and opportunistic share repurchases. 18 1.
Such is the case with the Clariant Masterbatch acquisition, where strong free cash flow will allow us to de-lever quickly. 19 AVIENT IS MODESTLY LEVERED 1.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
The non-GAAP financial measures include: free cash flow and adjusted EBITDA.
D is t. ) R P M K W R P P G F U L A V Y G C P F M C IF F H X L H U N F O E E M N E C L S C L K R A A S H C E G R A A L B Median: 5%Median: 3% 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.
Such is the case with the Clariant Masterbatch acquisition, where strong free cash flow will allow us to de-lever quickly. 19 AVIENT IS MODESTLY LEVERED 1.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share and Free Cash Flow, to the most comparable GAAP financial measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
GUIDANCE (TOTAL COMPANY PRO FORMA) 3 $100 $107 Guidance Pro Forma $0.33 $0.42 Guidance Pro Forma Adjusted EBITDA Adjusted EPS (in millions) $200 $293 Guidance Actual Free Cash Flow (in millions) FY 2022 VS.
GUIDANCE DEBT / LEVERAGE REDUCTION • 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 4 Year-End Leverage 3.8x 3.1x 2.9x 2023 Notes After Avient Protective Materials Acquisition $3.15B 2022 TRANSFORMATIONAL PORTFOLIO ENHANCEMENTS 5 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 GROWING COMPOSITES PLATFORM CONTRIBUTIONS TO SEM SEGMENT 6 Note: 2022 is pro forma for Avient Protective Materials 2016 Sales 2022 Sales Advanced Composites 51% $560M $1,300M Advanced Composites 9% COMPOSITES PORTFOLIO 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 7 ADVANCED COMPOSITES PERFORMANCE 8 (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 9 Adj.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share and Free Cash Flow to the most comparable GAAP financial measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Maintain asset-light, 80% free cash flow conversion profile and be valued as a specialty formulator 5.
PRIOR YEAR $790 $710 2022 2023 $107 $112 2022 2023 Sales Adjusted EBITDA (in millions) $0.42 $0.47 2022 PF 2023 Adjusted EPS (in millions) - 10% + 5% + 12% Sales Adjusted EBITDA Adjusted EPS 16 $112 $500 Q4 FY $0.47 $2.30 Q4 FY Q4 AND FULL YEAR 2023 GUIDANCE $710 $3,130 Q4 FY Sales Adjusted EBITDA Adjusted EPS 17 (in millions) (in millions) Guidance: Free Cash Flow $180 $180 Prior Guidance Guidance FREE CASH FLOW & INCREASED DIVIDEND 13th Consecutive Dividend Increase 0.16 0.26 0.42 0.58 0.79 0.85 0.99 1.03 2011 2013 2015 2017 2019 2021 2023 2024 18 S U S TAI NABI L I T Y DAY RE CAP SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS 60%+ Key Growth Drivers Sustainable Solutions Composites, Healthcare, Asia / LATAM Overlap Other (GDP Growth) Total Company Revenue Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Composites 8–10% Healthcare 8–10% Asia / LATAM 5% Other (GDP growth) 0–2% Avient 6% 20 SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH 8-12% Long Term Growth 50 90 2022 2030 Medical Plastics Market Size (in $Billions) 2020 2030 Recycled Plastics Virgin Plastics Growing Demand for Recycled Content Avient Sustainable Solutions 18 46 2023 2032 Global Offshore Annual Wind Installations (in Gigawatts) Sources: McKinsey, Bloomberg, Grand View Research SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH 21 • Transformative acquisitions combined with divestitures of more cyclical businesses have improved margins over 400 bps since 2018 • 20% long-term margin goal to be driven by key growth drivers, with sustainable solutions playing a meaningful role 5.4% 11.5% 16.0% 2006 2018 2023E Recovery Growth Drivers Strategic Objective 20%+ +1%+ +3%+ ADJUSTED EBITDA MARGIN EXPANSION 22 • 6% annualized long-term sales growth leveraging sustainable solutions, composites, healthcare, and emerging regions • Expand EBITDA margins to 20% • Deliver annual EBITDA and EPS growth of 10% and 15% • Maintain asset-light, 80% free cash flow conversion profile and be valued as a specialty formulator • Continue fostering our Great Place to Work® culture CREATING A WORLD-CLASS SUSTAINABLE ORGANIZATION 23 PEER COMPARISONS AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of December 29, 2023 Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M. 26 3.5 1.8 2.7 3.1 3.3 3.7 3.0 3.7 4.7 4.8 6.8 6.8 8.7 11.1 Av ie nt KW R FU L PP G AV Y R PM FM C H U N C E EC L H XL AS H EM N SC L FREE CASH FLOW CONVERSION Source: Peer data per Bloomberg as of December 29, 2023 Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2023-04/Avient_supplierFAQ.pdf
Coupa is free for all suppliers to join, which is why there is already robust support for Coupa amongst many of the suppliers Avient currently use today.
The benefit of Coupa Supplier Portal is that is a free website that everyone can use and where you can create your own e-invoices based on each purchase order.
You can register for free.
https://www.avient.com/sites/default/files/2023-12/CAI W_C - Product Selection Guide EMEA_0.pdf
COLORANTS AND ADDITIVES FOR WIRE & CABLE PRODUCT SELECTION GUIDE ONCOLOR™ COLORANTS FOR WIRE & CABLE APPLICATION DESCRIPTION PVC General Purpose Cable • Optimal incorporation in PVC formulations • Non ortho-phthalate range available PVC Automotive Cable • Optimized colors for T2 and T3 automotive applications • Non ortho-phthalate range available Unfilled PE, XLPE, PP Cable • Specific color range for unfilled polyolefins • Compatibility with cross-linkable systems • Special range to minimize shrinkage or for thin skin applications Filled Polyolefins, Non-Halogenated Flame Retardant PE Cable • Full range of colors, halogen-free or low amounts of halogens • Designed for incorporation into various non-halogenated flame retardant formulations PE Visico/Ambicat™ Crosslinked Polyethylene1 • Full range of colors for PE Visico/Ambicat™ cross-linked polyethylene • Specifically designed and tested to ensure compatibility with this cross-linking method Thermoset Rubber Cable • Colors designed for use with thermoset rubber • Fully compatible with vulcanization process Unfilled TPU Cable • Color range for unfilled polyester or polyether TPU • Provides good opacity at low addition levels Flame Retardant TPU Cable • Color range for filled/non-halogenated flame retardant TPU • Provides good color strength TPE Cable • Color range designed to enhance performance of various TPE brands • High temperature range available PA Cable • Different color ranges available depending on the polyamide type and the application PBT Cable • PBT color range mostly used in optical fiber, loose tube or tight buffered cables • Selection of pigments to prevent migration of color in gel-filled materials 1 Visico/Ambicat™ Crosslinked Polyethylene is a trademark of Borealis OnColor™ Colorants for wire & cable offer a comprehensive range of color series, covering the diverse specifications demanded by the cable industry.
OnColor Colorants for wire & cable are heavy metal free and compliant with the RoHS Directive 2015/863/CE.
Full range of ADCA or ADCA free solutions.