https://www.avient.com/knowledge-base/article/let-s-get-circular?ind[]=6599
Find out how Avient’s solutions are helping to help meet Germany’s ambitious sustainability targets for a plastics circular economy
Summary: The German Government has amended its 2019 Packaging Act towards a plastics circular economy.
We are proud that our solutions are helping stakeholders across the plastics value chain, in Germany and globally on the journey towards a plastics circular economy.
https://www.avient.com/knowledge-base/article/let-s-get-circular
Find out how Avient’s solutions are helping to help meet Germany’s ambitious sustainability targets for a plastics circular economy
Summary: The German Government has amended its 2019 Packaging Act towards a plastics circular economy.
We are proud that our solutions are helping stakeholders across the plastics value chain, in Germany and globally on the journey towards a plastics circular economy.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • Changes in laws and regulations regarding plastics in jurisdictions where we conduct business; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Production outages or material costs associated with scheduled or unscheduled maintenance programs; • Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM); • An inability to raise or sustain prices for products or services; • Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • Information systems failures and cyberattacks; • Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and • Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, any recessionary conditions, and terrorism or hostilities Use of Non-GAAP Measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
GUIDANCE $800 $754 Guidance Actual $128 $123 Guidance Actual Sales Adjusted EBITDA (in millions) $0.56 $0.57 Guidance Actual Adjusted EPS (in millions) 9 • Demand impacted by destocking and cautious customer sentiment • Positive net price benefit: o CAI - Pricing flat and raw material deflation o SEM - Pricing flat with unfavorable mix related to healthcare, more than offset with raw material deflation • Cost reductions driven by Clariant synergies and reduced administrative costs Q3 EBITDA BRIDGE ($ millions) CAI: Price / Mix -) Deflation 22) SEM: Price / Mix (6) Deflation 13) Net Price Benefit 29) Cost Reductions 13) Wage Inflation (8) FX 1) Q3 2023 Actual $ 123) Adjusted EBITDA Q3 2022 Pro Forma $ 137) Demand (49) 10 2023 G U I DAN CE Q4 2023 GUIDANCE VS.
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 12 $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 13 (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 14 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% 17 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 18 • 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 19 • 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 20 Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/knowledge-base/article/what-s-difference-fillers-reinforcements?ind[]=21508
1 “Fillers and Reinforcements” in Plastics Additives, R.
1http://machinedesign.com/materials/mineral-fillers-improve-plastics
While conventional plastics retain heat, plastics containing thermally conductive fillers distribute heat and carry it away from the heat source.
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-slip-additives
Cesa™ Slip lubricants improve the flow characteristics of plastics during processing.
Improves the flow characteristics of plastics during processing
A full line of dispersions for rubber and plastic applications.
https://www.avient.com/company/sustainability/sustainability-report/products/markets/packaging-case-study
The global preference for plastics in consumer packaging has led to explosive growth and the production of hundreds of millions of containers for different applications per year.
Along with the tremendous benefits that plastics bring to society, there is also a responsibility to ensure plastic waste does not end up in the environment.
Ultimate is recognized by the Association of Plastic Recyclers and the European PET Bottle Platform for having no negative impact on the recycling stream.
https://www.avient.com/news/apr-recognizes-oncolor-nir-sortable-colorants-avient-preferred-recyclability
With the recognition, OnColor™ NIR Sortable Colorants are preferred for high-density polyethylene (HDPE) resin in black and dark colors, according to the APR Design® Guide for Plastics Recyclability.
OnColor NIR Sortable Colorants from Avient provide a solution to this problem, allowing the packaging to be visible to a NIR optical sorter, enabling it to sort into the correct plastic stream.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/resource-center/services/color-services/avient-colorworks-design-and-technology-centers
Discover how our ColorWorks Design and Technology Centers can provide inspiration and help accelerate the development process of impactful color, material, and finishes solutions for your plastics products.
Avient’s New Aesthetix initiative combines polymer science and unconventional ways to look at processing and formulation to deliver innovative aesthetic solutions to plastic materials.
Discover our annual forecast of trends and color concepts for future plastic products.
https://www.avient.com/knowledge-base/case-study/i-ilsan-saves-time-money-self-lubricating-polymer
Manufacturer improves durability, cost-effectiveness for plastic spinning tubes, bobbins
Downtime, scheduled or not, is unwelcome – and it’s often due to a plastic part that costs less than a dollar.
Istanbul-based IŞILSAN makes these plastic spinning tubes and bobbins, used on the world’s most advanced textile machinery to carry thread and spun yarn.
https://www.avient.com/knowledge-base/article/how-lightweight-automotive-components
Are you an automotive manufacturer or molder considering metal-to-plastic conversion to reduce part weight?
Three Automotive Parts Primed for Metal-to-Plastic Conversion
It is equally important to note that not all metal parts are suitable for conversion to plastics.