https://www.avient.com/products/polymer-colorants/colorant-dispersions/stan-tone-wdn-water-based-dispersions
They are manufactured using only pigments, alkali-stabilized acrylic resin, water and a small amount of non-metallic preservative.
Range includes high solid, organic and inorganic pigment dispersions
https://www.avient.com/news/polyone-appoints-uniflon-performance-additives-colorant-chromatics-distributor-brazil
Specialty dispersed pigments for PTFE extrusion processes
The Company’s range of functional compounds and pigments offer excellent chemical, thermal, mechanical and electrical performance for a variety of industries, including aerospace, healthcare and wire and cable.
https://www.avient.com/products/polymer-colorants/colorant-dispersions/stan-tone-hc-plus-silicone-dispersions-healthcare
Available in standard single pigment or custom multi-pigment colors
https://www.avient.com/news/new-zodiac-libra-silicone-inks-polyone-present-eco-conscious-options-performance-wear-screen-printers
This Zodiac Libra silicone ink portfolio includes bases, additives, ready-for-use (RFU) colors, toner colors, pigment concentrates, and special effect inks.
Pigment concentrates are available to printers who need to meet specific color-matching criteria
https://www.avient.com/resources/safety-data-sheets?page=6476
UV COASTAL GREEN TPE
PC TRANS BLUE 7 CMPD
PC TRANS SMOKE 7 CMPD
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
W H AT W E D O : M AT E R I A L S C I E N C E
5
CUSTOM
FORMULATION
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
($ in millions)
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
6
S E C O N D Q U A R T E R 2 0 2 2
R E S U L T S
$122
$134
2021 2022
$0.87
$0.98
2021 2022
Q2 2022 PERFORMANCE
( T O TA L C O M PA N Y )
8
Sales Adjusted Operating Income
$1,235
$1,302
2021 2022
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
9
CAI
$624
$649
Sales
($ in millions)
SEM Distribution
$86
$94
Operating Income
+ 4% + 9%
$404
$443
Sales
$24
$27
Operating Income
+ 10% + 13%
(1)
$241 $244
Sales
$37 $37
Operating Income
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
10
Sales Growth Rate
Adjusted
Operating
Income$ millions
Adjusted
EBITDA
Q2 EBITDA BRIDGE
11
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
12
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$
Pro Forma Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x
Forecast Dyneema
Forecast +
Dyneema
Sale of
Distribution
Pro Forma
2022
TWO-YEAR LEVERAGE MODEL
20
3.5x
2.7x
1.6x
2.8x
2.4x
2.0x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
OUR SPECIALTY JOURNEY CONTINUES
21
• Dyneema® brings leading technology and brand with
the World’s Strongest Fiber™, deep history of
application development and strong
management team focused on specialty
applications
• Dyneema® transaction is aligned with our previously
stated acquisition goal of expanding our composites
and fiber capabilities
• Similar to our other technology expansion
acquisitions, Dyneema® allows us to leverage our
invest-to-grow strategy
• The possible sale of our Distribution business also
presents potential benefits with respect to leverage
and EBITDA margins
7%
46%
66%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
us
te
d
E
B
IT
D
A
(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
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 MARKET TRANSFORMATION TO LESS
CYCLICAL INDUSTRIES
( W I T H D Y N E E M A , E X .
D I S T R I B U T I O N )
22
END-MARKET FOCUS FOR
NEW INNOVATION
Semiconductors Robotics Healthcare
Interconnected disruptive markets with massive innovation needs
23
APPENDIX
Performance
Additives
15%
Pigments
13%
TiO2
11%
Dyestuffs
3%Polyethylene
12%
Nylon
6%
Polypropylene
5%
Other Raw
Materials
30%
Styrenic Block
Copolymer
5%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
30
• Significant raw material price inflation and
tight inventory continued in Q2 2022,
although at a slightly lesser rate compared
to the prior quarter
o For Q2 2022, the average cost of key
hydrocarbon based materials was up 15%,
roughly the same as the average cost of non-
hydrocarbon based materials
https://www.avient.com/investor-center/events/polyone-corporation-investor-day-1
Jun 25, 2009 7:15 AM CDT
https://www.avient.com/resources/safety-data-sheets?page=2169
QUAD BLUE HIPS #7 OR 44
PG 98898.00 PEARL RD PP
PG 98904.00 PEARL RD PP
https://www.avient.com/resources/safety-data-sheets?page=358
87580MP YELLOW 7
PG 17579 BU CPET
PG 17727 RD PE
https://www.avient.com/sites/default/files/2021-08/avient-cdp-climate-change-questionnaire-2021.pdf
Low-carbon product and avoided emissions
Taxonomy, project or methodology used to classify product(s) as low-carbon
or to calculate avoided emissions
Other, please specify
US Federal Trade Commission Green Guides
% revenue from low carbon product(s) in the reporting year
85
Comment
C5.
Country/Region Scope 1 emissions (metric tons CO2e)
Belgium 953
Canada 454
China 49
France 499
Germany 1,260
Hungary 106
Italy 722
Netherlands 7
Poland 130
Saudi Arabia 9
Spain 149
Thailand 7
United Kingdom of Great Britain and Northern Ireland 127
United States of America 13,041
Finland 35
India 179
Turkey 232
Singapore 22
Guatemala 16
Pakistan 275
Argentina 28
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
64
South Africa 38
Indonesia 13
Chile 0.003
Sweden 62
Colombia 13
C7.3
(C7.3) Indicate which gross global Scope 1 emissions breakdowns you are able to
provide.
Sourcing method
Unbundled energy attribute certificates, Renewable Energy Certificates (RECs)
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
United States of America
MWh consumed accounted for at a zero emission factor
100,004
Comment
Sourcing method
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
73
Unbundled energy attribute certificates, Renewable Energy Certificates (RECs)
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Czechia
MWh consumed accounted for at a zero emission factor
312
Comment
Sourcing method
Unbundled energy attribute certificates, Renewable Energy Certificates (RECs)
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Italy
MWh consumed accounted for at a zero emission factor
17,864
Comment
Sourcing method
Green electricity products (e.g. green tariffs) from an energy supplier, supported by
energy attribute certificates
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Belgium
MWh consumed accounted for at a zero emission factor
334.93
Comment
Sourcing method
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
74
Green electricity products (e.g. green tariffs) from an energy supplier, supported by
energy attribute certificates
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Germany
MWh consumed accounted for at a zero emission factor
5,833.88
Comment
Sourcing method
Green electricity products (e.g. green tariffs) from an energy supplier, supported by
energy attribute certificates
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Sweden
MWh consumed accounted for at a zero emission factor
1,882.92
Comment
Sourcing method
Green electricity products (e.g. green tariffs) from an energy supplier, supported by
energy attribute certificates
Low-carbon technology type
Low-carbon energy mix
Country/area of consumption of low-carbon electricity, heat, steam or cooling
Argentina
MWh consumed accounted for at a zero emission factor
239.95
Comment
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
75
C-CH8.3
(C-CH8.3) Does your organization consume fuels as feedstocks for chemical
production activities?