https://www.avient.com/sites/default/files/2021-06/eccoh-5161-loose-tube-telecommunications-cable-one-page-case-study.pdf
CABLE MANUFACTURER L O O S E T U B E T E L E C O M S C A B L E • Low shrinkage (< 1%) • Consistent flame retardancy • Suitable gel resistance • Cold behaviour at - 40°C • Reduce total cost ownership • Improved processing compared to existing LSFOH material, increasing speed up to 800 m/min • Provided consultancy on processing parameters and tooling • Reduced cable thickness to 0.1mm & reduced shrinkage • Enabled customer to enter into new applications and cable designs due to the versatility of the material ECCOH™ 6151 LSFOH Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/ECCOH_ LSFOH 5924 - FTTA Cable - Application Snapshot.pdf
CABLE MANUFACTURER H Y B R I D F T T A C A B L E • Elongation at -40°C • High temperature bend test at 130°C • Low water absorption • Resistance to braided shielding • Fire performance to pass CPR class Dca • Provided superior environmental stress crack resistance (ESCR) and performance at cold temperatures, increasing cable lifetime • Improved cable flexibility for easier installation • Enabled faster processing at increased line speed ECCOH™ LSFOH 5924 Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-11/eccoh-5565-antenna-power-cable.pdf
CABLE MANUFACTURER A N T E N N A P O W E R C A B L E • Elongation at -40°C • High temperature bend test at 130°C • Low water absorption • Resistance to braided shielding • Fire performance to pass CPR class Dca • Provided best cold performance compared to competitor solutions • Enabled faster processing with increased line speed • Met material fire performance requirements and all other performance criteria ECCOH™ 5565 Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/OnForce -Swimming pool cleaner connector-Case Study Snapshot.pdf
SWIMMING POOL CLEANER OEM C L E A N E R C O N N E C T O R • Durable and will not rust • Dimensional stability • Easy to process • Delivered a corrosion-resistant, long glass fiber-reinforced material with excellent strength and modulus to replace steel • Offered low moisture absorption and good chemical resistance to maintain performance • Responded quickly and provided local technology support on mold design and injection process OnForce Long Glass Fiber Nylon Composite KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-01/case-study-one-pager-surround-automotive-ev-connector-charger.pdf
MAJOR TIER 1 SUPPLIER C O N N E C T O R C O V E R • EMI-shielding performance at frequencies from 30 MHz up to 2 GHz • Excellent dimensional stability • Must meet robust mechanical property targets including tensile strength and elongation at break • Worked in close collaboration with the OEM from the start of the development process in order to fully understand their key requirements • Developed a customized material providing the required EMI-shielding performance which, removing the need for secondary metallization manufacturing processes, reduced cycle time Surround™ NN- 14 NICF SIP Black Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-06/Maxxam - EV Part - Application Snapshot.pdf
KUNSTSTOFF SCHWANDEN E L E C T R I C V E H I C L E P A R T • Replace aluminum to reduce part weight and overall weight of the electric vehicle • Secure supply of high volume of material • Flexible delivery • Cost competitive • Enabled OEM to replace metal and reduce part weight • Provided excellent customer service, sending samples and technical data promptly • Supported customer with processing queries • Secured material supply and flexible delivery – delivering on a specific date each month Maxxam™ Polyolefin Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-06/micro-coax-cable-case-study_0.pdf
DATA COMMUNICATIONS CABLE MANUFACTURER M I C R O C O A X C A B L E S • Achieve required level of deep black and opacity • Maintain a let down ratio (LDR) of approximately 5% • Ensure there are no clumps in the finished part • Conform to RoHS REACH compliance requirements • Delivered desired level of black and opacity to optimize conductivity • Provided LDR within the acceptable range, resulting in consistent processibility • Formulated a RoHS REACH compliant solution that helped lessen data interference by avoiding clumps in the finished part Colorant Chromatics™ PFA Jet Black KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/Onflex-Cell Pack Cooling Tube-Application Snapshot.pdf
AVIENT SOLUTION VEHICLE BATTERY MANUFACTURER C E L L P A C K C O O L I N G T U B E • Comply with ISO 3384-1:2011 for TPE compression set • Comply with ISO 11359-2:1999 standard for linear thermal expansion • Good ethanediol resistance • Good sealing performance • Customized a Shore 60A hardness TPE formulation with good physical property retention • Achieved good compression set and bonding performance with PA12 • Qualified thermal expansion by customer • Provided excellent ethanediol resistance under both low and high temperature conditions KEY REQUIREMENTS CHEMICAL RESISTANCE + SEALING LEARN MORE OnFlex™ TPE Custom Formulation Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-03/versaflex-click-and-lock-closure-case-study-one-pager.pdf
HOMEWARE PRODUCTS MANUFACTURER C L I P & L O C K C L O S U R E • Food contact compliance • Good compatibility • Excellent hinging properties • Reduce strain marks • Retain clarity • Provided extensive technical support throughout formulation development • Met exact mechanical properties, provided excellent hinging properties and reduced strain whitening marks • Increased flexibility & lowered temperature flexing properties • Enabled customer to differentiate products & add value for the end consumer Versaflex™ Thermoplastic Elastomer KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Microsoft PowerPoint - AVNT Q4 2022 Earnings Presentation AVIENT CORPORATION F O U R T H Q U A R T E R 2 0 2 2 R E S U L T S A N D 2 0 2 3 F I N A N C I A L G U I D A N C E (NYSE: AVNT) F E B R U A RY 1 5 , 2 0 2 3 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Avient Specialty Formulators Other Specialty / Chemical Companies 2023E(%) 28 79 87 81 79 76 73 90 77 76 75 73 64 59 33 A vi en t K W R P P G F U L A V Y R P M F M C C E A S H H X L E C L H U N E M N S C L MULTIPLE EXPANSION Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of February 13, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.89.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 29 EV / 2023E EBITDA Historic Multiple 6.5 8.3 10.0 15.6 13.9 13.7 12.8 9.5 18.0 17.5 12.3 10.2 9.7 8.8 8.4 5.9 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t K W R P P G R P M A V Y F U L H X L E C L F M C A S H S C L H U N E M N C E SEGMENT DATA U.S. & Canada 40% EMEA 37% Asia 18% Latin America 5% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 20% Packaging 24% Industrial 15% Building and Construction 10% Telecommunications 4% Energy 4% Defense 6% END MARKET REVENUE (1) Total company adjusted EBITDA of $592M includes corporate costs $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 31 C O L O R , A D D I T I V E S & I N K S 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 32 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 2022 PRO FORMA REVENUE | $1 .3 B ILL ION END MARKET US & Canada 52% EMEA 35% Asia 13% REGION 33 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% Packaging 32% Consumer 27% Healthcare 8% Industrial 14% Building & Construction 5% Telecommunications 3% Energy 1% Defense 1% Asia (18% of sales) Transportation 9% 2022 PROFORMA AVIENT REGIONAL SALES BY END MARKET Packaging 27% Consumer 14% Healthcare 5% Industrial 17% Building & Construction 10% Energy 5% Defense 8% EMEA (37% of sales)Transportation 11% Packaging 13% Consumer 24% Healthcare 12% Industrial 15% Building & Construction 13% Energy 5% Defense 5% US & Canada (40% of sales) Transportation 7% Packaging 56% Consumer 23% Healthcare 4% Industrial 7% Building & Construction 4% Telecommunications 1% LATAM (5% of sales) Transportation 5% Telecommunications 3% Telecommunications 6% 34 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.