https://www.avient.com/resources/safety-data-sheets?page=4470
GP 201 WHITE FOR TPE
https://www.avient.com/resources/safety-data-sheets?page=7140
GREEN TPE 377C
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
13
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
14
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
16
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
17
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
18
Adj.
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B
Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
13
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
14
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
16
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
17
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
18
Adj.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
W H AT W E D O : W E A R E A F O R M U L ATO R
CUSTOM
FORMULATION
6
N O V E M B E R 2 , 2 0 2 3
W E B C A S T
P R E S E N T AT I O N
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
8
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations9
10
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
10
Q 3 P E R F O R M A N C E
15.4%
16.3%
2022 PF 2023
Results vs.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
8
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
9
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
11
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
12
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
13
Adj.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 40Sustainability Report | 2023 40
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainability-report/products/how-our-products-enable-sustainability
Service Innovation
Enables Quality Recycle
Post-Consumer Recycle (PCR) Color Predictive Tool
Innovation Award, Winner:
Plastics Industr y Association
Product Technology Innovation, Winner:
Plastics Recycling Awards Europe 2023
Product
Innovation
Enables PCR Claims + Low CO
2
reSound™ Ultra-Low Carbon Footprint TPE
Innovation Award, Finalist:
Plastics Industr y Association
Rejoin™ 100% PCR Masterbatch
Sustainable Packaging Innovation Finalist:
U.S.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 41
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-ultra-low-carbon-footprint-tpes
https://www.avient.com/products/polymer-additives/antioxidant-additives/cesa-nox-a4r-additive-enhanced-recycling
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://usplasticspact.org/
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
RENEW
Avient’s portfolio of RENEW solutions are designed to advance the circular economy.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Preser ving key natural resources
• Increasing healthcare regulations
• Enabling connectivity & alternative energy
• Increasing regulator y compliance
Avient Solutions & Services
• Specialty formulations, colorants and additives
to meet medical device regulations
• Specialty optical fibers for telecommunications
• Advanced composite and fiber solutions for
alternative energy infrastructure
• Regulator y compliance expertise
PRESERVE
SUPPORTS SUSTAINABLE
INFRASTRUCTURE
Infrastructure Retrofit for Hydrogen Power
Fiber-Line™ Engineered Fibers
LEARN MORE
Healthcare Energy Consumer
NON-PTFE
FORMULATIONS
Non-Fluorinated Polymers
LubriOne™ Internally
Lubricated Formulations
LEARN MORE
UP TO
100%
BIO-BASED
CARRIER
Medical Devices
Mevopur™
Bio-Based Polymer
Solutions
LEARN MORE
75%
Spin Dyed Textile Yarn
Renol™ Spin Dying Colorants
LEARN MORE
LESS WATER
UP TO
40%
BIO-DERIVED
Pharmaceutical Tubing
Versaflex™ HC BIO
BT218 TPE
LEARN MORE
ENABLE
ALTERNATIVE
ENERGY SOURCES
Photovoltaic Wire & Cable
ECCOH™ XL 8148 Cross-Linkable Solutions
LEARN MORE
LEARN MORE
Avient Sustainability
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 44Sustainability Report | 2023 44
https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
https://www.avient.com/sites/default/files/2024-04/LubriOne%20Internally%20Lubricated%20Formulations%20PTFE%20Free%20Series%20Product%20Bulletin.pdf
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
https://www.avient.com/products/polymer-colorants/fiber-colorants/renol-fiber-colorants
https://www.avient.com/sites/default/files/2023-07/Versaflex%20HC%20_%20Versaflex%20HC%20BIO%20-%20BT%20Series%20Product%20Overview.pdf
https://www.avient.com/idea/understanding-needs-and-challenges-photovoltaic-cable
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
Product Stewardship
Management Approach
Protecting associates, customers and the environment by providing safe products is a priority for Avient.
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
Recycled content TPEs for enhanced sustainability
https://www.avient.com/resources/safety-data-sheets?page=5748
MC-87101TPE TPE GRAY 432C
https://www.avient.com/investor-center/news/polyone-announces-record-first-quarter-2016-results
Customer-focused integration of Magenta Colorants and TPE assets acquired from Kraton well underway; contributes $0.01 to EPS in the first quarter
Underlying growth of 4% plus the acquired revenue from Magenta and Kraton's TPE business led to a sales increase of 5%.