https://www.avient.com/sites/default/files/2022-10/Patient Mobility Mini Case Study.pdf
PERSONAL CARE DEVICES P A T I E N T M O B I L I T Y • Diminish the growth of harmful microbes on surfaces without compromising product performance • Achieve cohesive color across different polymeric materials with the addition of antimicrobial ingredients • Accelerate product development timeline • Preserved polymer performance by minimizing undesirable microbes • Designed a masterbatch solution that achieved color harmony between diverse polymeric materials even with the addition of antimicrobial ingredients • Accelerated speed to market by several weeks with Avient’s pre-tested material and supplier expertise while reducing costs of lab testing fees by up to $50,000 Cesa™ WithStand™ Antimicrobial Additives with OnColor™ Colorants KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-11/off-road-vehicle-hood-panel-case-study-brief.pdf
OFF-ROAD VEHICLE BRAND H O O D P A N E L • High gloss • Scratch appearance resistance • Ease of processing • Provided technical support from concept to production • Conducted FEA and mold flow analysis • Had solutions for either natural plus concentrate or pre-colored to best meet customer needs • Customized colors to match brand identity and preference Artisan™ Nylon PA6 Formulation KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-paint-replacement
https://www.avient.com/sites/default/files/2021-08/resound-r-pc-phone-case-one-pager-case-study.pdf
AVIENT SOLUTION SUSTAINABILITY + CLEAR COLOR LEARN MORE Copyright © 2021, Avient Corporation.
KEY REQUIREMENTS • Post-consumer recycled material to reduce carbon footprint • Maintain high transparent color even after using recycled PC • Stable color range and strict black spot control https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/resound-r-pc-recycled-polycarbonate-solutions
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versaflex-vacuum-cleaner-wheel.pdf
COLORABILITY + SLIP RESISTANCE AVIENT SOLUTION VACUUM CLEANER MANUFACTURER V A C U U M C L E A N E R W H E E L • Excellent slip resistance and wet grip • Easy processing • Easy coloring • Offered an easy processing TPE suitable for coloring with masterbatch to meet customer preference • Provided material solution ideal for meeting critical tire performance needs for slip resistance and grip during operation Versaflex™ D3226N KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-09/resound-om-phone-case-case-study-one-pager.pdf
PHONE CASE MANUFACTURER P H O N E C A S E • Formulated TPE with 43% bio-based content plus favorable UV resistance and vibration damping performance compared to standard TPE • Received radiocarbon (C14) international certificate for bio-based content • Provided excellent bonding ability with good aesthetics • Matched design specs with an easily colored material using traditional TPE colorants reSoundTM OM TPEs WHY AVIENT?
AVIENT SOLUTION SUSTAINABILITY + COLORABILITY LEARN MORECopyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2023-07/CORE Medical Manikin Case Study Snapshot.pdf
LEADING MEDICAL TRAINING COMPANY M E D I C A L M A N I K I N S • Ability to color code various body parts for more accurate teaching and instruction • Maintain durability and performance through repeated use in a variety of training scenarios • Meet customer’s regulatory requirements • Provided specific colors and hardness for easier identification of body parts • Supplied a non-phthalate plastisol formulation that maintained strength and flexibility over an extended time • Offered robust technical support and regulatory assistance to meet all compliance directives as required by customer Core™ Non-Phthalate Plastisols KEY REQUIREMENTS WHY AVIENT?
AVIENT SOLUTION COLOR + PERFORMANCE LEARN MORE Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-11/Cesa Fiber Additives Hydrophobic for PP Nonwovens Product Bulletin.pdf
Specially formulated for both spunbond and meltblown manufacturing processes, they have no visible influence on color and can be customized to combine water repellency and color into one product for added convenience.
APPLICATIONS • Construction: roofing underlay, cable wrapping, geotextiles • Medical: surgical gowns, surgical drapes, sterile tray wraps, hospital bed sheets, and curtains • Filtration: various filters that require water repellency BENEFITS • Fast and long-lasting water repellency • IPA repellency grade 6 • No visible influence on the final color of the nonwoven fabric • Can be combined with color into a single product for convenience • Regulatory compliance to key standards and support for specific standards PRODUCT BULLETIN Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-02/laser-marking-and-percept-case-study.pdf
FOILING COUNTERFEITERS WITH SPECIALIZED COLOR & ADDITIVE MASTERBATCHES CASE STUDY: COLOR, ADDITIVES & INKS Challe nge Accepted.
THE SOLUTION The Avient team proposed multiple solutions—including a laser-marking additive, an authentication additive, and colorant—bundled into a single Smartbatch™ concentrate.
The concentrate also included the required color for the manufacturer’s branding and an additive for UV protection.
https://www.avient.com/sites/default/files/2020-10/light-diffusion-case-study.pdf
This optimized combination of additive and color technology eliminated the “hot spots,” and achieved the sought-after bright white light, and streamlined the entire manufacturing process by enabling in-house production.
The OEM was able to purchase virgin resin and add only the necessary amounts of color and diffusion additives required to achieve peak performance.
Smartbatch solutions incorporate color, light diffusion technology and flame retardant into a single masterbatch.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Q1 2023 (TOTAL COMPANY) $846 $829 Q1 23 Q1 24 $134 $143 Q1 23 Q1 24 17.3% Sales Adjusted EBITDA (in millions) $0.63 $0.76 Q1 23 Q1 24 Adjusted EPS (in millions) + 7% + 21% Sales Adjusted EBITDA Adjusted EPS 6 - 2% 15.8% +150 bps * * * Adjusted EBITDA Margin % Q1 2024 SEGMENT PERFORMANCE (COLORS, ADDITIVES & INKS) $537 $515 Q1 23 Q1 24 $91 $97 Q1 23 Q1 24 18.8% Sales Adjusted EBITDA (in millions) (in millions) + 7% Sales Adjusted EBITDA 7 - 4% 17.0% +180 bps * * * Adjusted EBITDA Margin % • Year over year demand continues to improve for the segment but slowly due to continued weakness in Europe • Raw material deflation & cost reduction actions primary drivers of adjusted EBITDA growth and margin expansion of +180 bps vs Q1 2023 Q1 2024 SEGMENT PERFORMANCE (SPECIALTY ENGINEERED MATERIALS) $310 $314 Q1 23 Q1 24 $64 $73 Q1 23 Q1 24 23.2% Sales Adjusted EBITDA (in millions) (in millions) + 14% Sales Adjusted EBITDA 8 + 1% 20.8% +240 bps * * * Adjusted EBITDA Margin % • Sales growth in defense end market offset by weaker demand in telecommunications end market • Raw material deflation and favorable mix impact from defense sales primary drivers of adjusted EBITDA growth and margin expansion of +240 bps vs Q1 2023 Q1 EBITDA BRIDGE (TOTAL COMPANY) 9 $ millions CAI: Price / Mix (1) Deflation 16 SEM: Price / Mix 4 Deflation 7 Net Price Benefit 26 Wage/Other Inflation (9) FX (2) Q1 2024 $143 Adjusted EBITDA Q1 2023 $ 134 Demand (6) • Positive net price benefit: o Favorable raw material deflation in both segments • Wage and other inflation more than offset cost reductions/synergies 2024 G U I DAN CE FY 2024 GUIDANCE Original Revised Adjusted EBITDA $505 to $535 million $510 to $535 million Adjusted EPS $2.40 to $2.65 $2.50 to $2.65 Interest Expense $105 to $110 million $105 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures ~$140 million ~$140 million 11 Q2 2024: Adjusted EPS of $0.71 CE O “ TO P O F MI N D” FO CU S ARE AS AREAS OF FOCUS 13 +7% Drive Profitable Organic Top-Line Growth with Margin Expansion Amplify Innovation Build Leadership & Talent Pipeline AP P E N DI X 16 Performance Additives 15% Pigments 13% TiO2 9% Dyestuffs 2% Polyethylene 10%Nylon 5% Polypropylene 4% Styrenic Block Copolymer 4% Other Raw Materials 38% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials RAW MATERIAL BASKET SEGMENT DATA U.S. & Canada 41% EMEA 36% Asia 18% Latin America 5% 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 19% Packaging 23%Industrial 16% Building and Construction 9% Telecommunications 4% Energy 5% Defense 7% END MARKET REVENUE $2,007M $358M $1,138M $224M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $502M$3,143M (1) Transportation 10% Healthcare 7% 18 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 BILLION US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 19 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 BILLION US & Canada 52% EMEA 35% Asia 13% 20 Packaging 5% Consumer 16% Healthcare 6%Industrial 16% Transportation 12% Telecommunications 9% Energy 10% Defense 18% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 26% Healthcare 9% Industrial 13% Building & Construction 6% Telecommunications 2% Energy 2% Defense 1% Asia (18% of sales) Transportation 9% 2023 AVIENT REGIONAL SALES Packaging 25% Consumer 13% Healthcare 5% Industrial 18% Building & Construction 9% Energy 5% Defense 8% EMEA (36% of sales)Transportation 13% Packaging 13% Consumer 22% Healthcare 10% Industrial 16% Building & Construction 12% Energy 6% Defense 8% US & Canada (41% of sales) Transportation 9% Packaging 59% Consumer 22% Healthcare 2% Industrial 8% Building & Construction 4% LATAM (5% of sales) Transportation 5% Telecommunications 4% Telecommunications 4% 21 BY END MARKET 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.
Three Months Ended March 31, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23 Special items, after-tax 5.5 0.06 22.3 0.24 Amortization expense, after-tax 14.9 0.16 15.1 0.16 Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63 Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 Net income from continuing operations – GAAP $ 49.7 $ 21.3 Income tax expense 16.8 7.7 Interest expense, net 26.6 28.8 Depreciation and amortization 44.3 50.5 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales 17.3 % 15.8 % 1 Three Months Ended March 31, 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 18.8 % 17.0 % Specialty Engineered Materials 23.2 % 20.8 % 2 Year Ended December 31, 2023 Sales: Color, Additives and Inks $ 2,007.4 Specialty Engineered Materials 1,138.2 Corporate (2.8) Sales $ 3,142.8 Operating income: Color, Additives and Inks $ 259.9 Specialty Engineered Materials 142.5 Corporate (205.6) Operating income $ 196.8 Depreciation & amortization: Color, Additives and Inks $ 98.3 Specialty Engineered Materials 81.5 Corporate 9.0 Depreciation & amortization $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 358.2 Specialty Engineered Materials 224.0 Corporate (196.6) Other income, net 5.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation and amortization included in special items (1.9) Adjusted EBITDA $ 501.8 3 AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP.pdf Avient corporation�first quarter 2024 results and 2024 financial guidance DISCLAIMER Slide Number 3 Regional demand trends-total company�Q1 Sales vs PY (Excluding FX) Slide Number 5 Slide Number 6 Slide Number 7 Slide Number 8 Slide Number 9 Slide Number 10 Slide Number 11 Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 2023 segment, end market and Geography Color, Additives & Inks Specialty Engineered Materials Slide Number 21 IR Deck - AVNT-2024.03.31 5.06 11AM v2 (002).pdf Attachment