https://www.avient.com/sites/default/files/2021-08/avient-cdp-climate-change-questionnaire-2021.pdf
In addition, Avient has externally
certified EHS&S management systems, including ISO 9001 worldwide.
In addition, Avient has ISO 9001
worldwide and ISO 14001 and ISO 50001 certification at many facilities.
Avient plans to track energy use and production volume at the manufacturing line level.
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
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
8
Year-End
Leverage 3.8x 3.1x 2.9x
2023 Notes
After Avient
Protective Materials
Acquisition
$3.15B
2022 TRANSFORMATIONAL PORTFOLIO
ENHANCEMENTS
9
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
10
Note: 2022 is pro forma for Avient Protective Materials
2016 Sales 2022 Sales
Advanced
Composites
51%
$560M $1,300M
Advanced
Composites
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
11
ADVANCED COMPOSITES PERFORMANCE
12 (1) Pro forma for the acquisition of Avient Protective Materials
$51
$84
$212
$668
$4
$10
$41
$169
(1) (1)
PORTFOLIO EVOLUTION AND EPS EXPANSION
13
Adj.
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
14
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
15
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
17
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
18
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
https://www.avient.com/company/policies-and-governance/global-terms-and-conditions-sale
Worldwide Locations
https://www.avient.com/company/policies-and-governance/colorant-chromatics-eu-global-email-disclaimers
Explore our worldwide innovation centers, sales offices, regional headquarters, distribution and manufacturing centers
https://www.avient.com/investor-center/news/avient-collaborates-oceanworks-expand-use-recycled-ocean-plastics
The marketplace offers 100s of ocean and averted plastic resins, textiles, and products from trusted suppliers worldwide.
https://www.avient.com/news/colorforward-forecasts-focus-mid-tone-colors-2025
Avient offers ColorForward seminars at its four ColorWorks design and technology centers worldwide and selected conferences and customer sites.
https://www.avient.com/news/avient-launches-industry-first-thermoplastic-composite-panels-integrated-flame-retardance-simplified-construction-nahb-international-builders-show
We harness the collective strength of 9,000 employees worldwide to collaborate and build on each other’s ideas.
https://www.avient.com/news/colorforward-forecasts-eclectic-color-palette-2026
Avient offers ColorForward seminars at its six ColorWorks design and technology centers worldwide, as well as selected conferences and customer sites.
https://www.avient.com/news/dyneema-launches-new-website-and-brand-identity-showcasing-strengths-it-brings-its-value-chain
Formed from two Greek words meaning “strong” and “fiber,” the name Dyneema® has become a byword for strength in applications and industries worldwide.
https://www.avient.com/news/dyneema-unveils-groundbreaking-hard-ballistic-product-innovations-enabling-45-weight-reduction-protective-armor-systems
We harness the collective strength of 9,000 employees worldwide to collaborate and build on each other’s ideas.