https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Forward-looking statements give current expectations or forecasts of future
events and are not guarantees of future performance.
From 1985 to 2008, Mr.
Patterson
— 19,013(1) 1,521,000(1) 3,042,000(1) — — — — —
— 215,000(2) 1,720,000(2) 3,440,000(2) — — — — —
2/17/2023 — — — 52,817(3) 158,450(3) — 42.93 2,006,666
2/17/2023 — — — — — 46,750(6) — 2,006,978
Estimated Future Payouts Under Non-Equity Incentive Plan Awards (columns (c), (d) and (e))
(1) 2023 Annual Incentive Program Opportunities.
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
To access, dial 1-855-859-2056 (domestic) or 1-404-537-3406
(international) and provide conference ID number 6746706.
Forward-looking statements give current expectations or forecasts
of future events and are not guarantees of future performance.
Financial information
referenced here is provided to aid in reconciling back to the most comparable GAAP figures.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
Forward-looking
statements give current expectations or forecasts of future events and are not guarantees of future performance.
We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Operating Income
$3,783
$4,100
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
$308
$360
$308
$410
$1.93
$2.40
$1.93
$2.80
(1) (1)(1)
(1)(1) (1)
$442
$457
$560
$1.74
$1.93
$2.80
FULL YEAR 2019 – 2021 ORGANIC GROWTH
23
Sales Adjusted EBITDA
$3,981
$3,783
$4,300
+ 8%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 27% + 61%
24
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
($ in millions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-case-study.pdf
WET GRIP TECHNOLOGY PROVIDES POWERFUL SOLUTION
FOR SURFCO HAWAII
© 2021, All Rights Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 1 Wax Mat® is a trademark of SurfCo Hawaii, Inc.
THE IMPACT
The launch of the Wax Mat®1 grip tape introduced a
fresh alternative to wax for wet grip to surfboard decks,
helping to further differentiate SurfCo.
Beyond grip,
the non-abrasive material doesn’t peel up thanks
to a durable bond with the adhesive backing, giving
customers a reliable solution that eliminates the
problem of a slippery surface.
https://www.avient.com/sites/default/files/2020-09/lubrione-processing-guide.pdf
BASE
RESIN PPA PC PSU PES PPS
CO-
POLYMER
ACETAL
PEEK PA
Barrel Temperatures* °F (°C)
Rear Zone 550–580
(288–305)
520–560
(271–293)
600–640
(316–338)
630–660
(332–338)
550–580
(288–304)
350–370
(177–188)
660–700
(349–371)
440–490
(227–254)
Center Zone 560–600
(293–316)
530–570
(277–299)
620–670
(327–354)
650–680
(343–360)
560–615
(293–324)
380–390
(193–200)
700–730
(371–388)
470–510
(243–266)
Front Zone 580–620
(304–327)
550–580
(288–305)
630–680
(332–360)
670–730
(354–388)
590–630
(310–332)
390–430
(200–221)
720–750
(382–400)
490–540
(254–282)
Nozzle 575–615
(302–324)
550–600
(288–316)
630–680
(332–360)
680–700
(360–371)
600–625
(316–330)
380–415
(193–213)
720–750
(382–400)
520–570
(271–300)
Melt
Temperature
575–615
(302–324)
560–600
(293–316)
625–675
(330–358)
650–710
(343–377)
600–625
(316–330)
370–410
(188–210)
670–740
(354–393)
520–570
(271–300)
Mold
Temperature
250–300
(121–150)
175–240
(80–116)
190–300
(88–150)
225–325
(107–164)
250–325
(121–164)
150–225
(66–107)
290–375
(143–190)
150–200
(66–93)
Pack & Hold
Pressure
50%–75%
of Injection Pressure
Injection
Velocity
in/s
1.0–3.0
Back Pressure
psi 50
Screw Speed
rpm 50–90
Drying
Parameters
°F (°C)
6 hrs @ 175
(80)
4 hrs @ 250
(121)
4 hrs @ 275
(135)
4 hrs @ 300
(150)
4 hrs @ 250
(121)
2 hrs @ 200
(93)
3 hrs @ 300
(150)
4 hrs @ 180
(82)
Allowable
Moisture
%
< 0.05 < 0.02 < 0.02 < 0.04 < 0.02 0.15–0.20 < 0.02 0.10–0.20
Cushion
in 0.125–0.250
Screw
Compression
Ratio
2.5:1–3.5:1 2.0:1–2.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1
Nozzle
Type
General
General
General
General
General
General
General
Reverse
Taper
Clamp
Pressure 5–6 Tons/in2 of projected area of cavities and runner system
* Barrel temperatures should be elevated for compounds designed for electrical insulative properties.
Step each 90° bend in the system down in size (from sprue to gate) approximately 1/16" (1.5mm)
to reduce pressure drop
Draft Angle • Maintain a minimum draft angle of 1/2° per side.
https://www.avient.com/sites/default/files/2020-09/edgetek-processing-guide.pdf
Base Resin PPA PC PSU PES PPS
Co-
polymer
Acetal
PEEK PA
Barrel Temperatures* °F (°C)
Rear Zone 550–580
(288–305)
550–590
(288–310)
600–640
(316–338)
630–660
(332–338)
550–580
(288–304)
350–370
(177–188)
660–700
(349–371)
440–490
(227–254)
Center Zone 560–600
(293–316)
570–600
(300–316)
620–670
(327–354)
650–680
(343–360)
560–615
(293–324)
380–390
(193–200)
700–730
(371–388)
470–510
(243–266)
Front Zone 580–620
(304–327)
580–630
(304–322)
630–680
(332–360)
670–730
(354–388)
590–630
(310–332)
390–430
(200–221)
720–750
(382–400)
490–540
(254–282)
Nozzle 575–615
(302–324)
580–630
(304–322)
630–680
(332–360)
680–700
(360–371)
600–625
(316–330)
380–415
(193–213)
720–750
(382–400)
520–570
(271–300)
Melt
Temperature
575–615
(302–324)
580–625
(304–330)
625–675
(330–358)
650–710
(343–377)
600–625
(316–330)
370–410
(188–210)
670–740
(354–393)
520–570
(271–300)
Mold
Temperature
250–300
(121–150)
175–240
(80–116)
190–300
(88–150)
225–325
(107–164)
250–325
(121–164)
190–250
(88–121)
290–375
(143–190)
150–200
(66–93)
Pack & Hold
Pressure
50%–75%
of Injection Pressure
Injection
Velocity
in/s
1.0–3.0
Back Pressure
psi 50
Screw Speed
rpm 50–90
Drying
Parameters
°F (°C)
6 hrs @ 175
(80)
4 hrs @ 250
(121)
4 hrs @ 275
(135)
4 hrs @ 250
(121)
3 hrs @ 300
(150)
2 hrs @ 200
(93)
3 hrs @ 275
(135)
4 hrs @ 180
(82)
Cushion
in 0.125–0.250
Screw
Compression
Ratio
2.5:1–3.5:1 2.0:1–2.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1
Nozzle
Type
General
General
General
General
General
General
General
Reverse
Taper
Clamp
Pressure 5–6 Tons/in2 of projected area of cavities and runner system
* Barrel temperatures should be elevated for compounds designed for electrical insulative properties.
Step each 90° bend in the system down in size (from sprue to gate) approximately 1/16" (1.5mm) to
reduce pressure drop
Draft Angle • Maintain a minimum draft angle of 1/2° per side.
https://www.avient.com/sites/default/files/2022-02/ColorMatrix Triple A Brochure.pdf
Universally compatible and
easily combined with ColorMatrix color
formulations.
UNIVERSALLY COMPATIBLE
As Triple A is universally compatible
across a wide range of resins, it can
also reduce handling complexity which
can be a problem with alternative
technologies.
This
additive technology
can be implemented
during PET processing
without impact on
production efficiency.
0
10
20
30
40
50
60
70
80
0.050 0.1 0.15 0.2
%
A
A
Re
du
ct
io
n
% Use Rate
Anthranilamide
0
10
20
30
40
50
60
70
80
90
.04 .06 .08.020 0.1 0.16 0.180.140.12 0.2
%
A
A
Re
du
ct
io
n
% Triple A-1+
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/knowledge-base/case-study/winning-smiles-antimicrobial-additives
As an added benefit, Avient designed a universal carrier that enabled the manufacturer to use the same additives across a variety of olefins, elastomers, and other resins.
https://www.avient.com/knowledge-base/case-study/winning-smiles-antimicrobial-additives?sust[]=1134
As an added benefit, Avient designed a universal carrier that enabled the manufacturer to use the same additives across a variety of olefins, elastomers, and other resins.
https://www.avient.com/resource-center?document_type=59&document_subtype=216&page=1
Novel Thermoplastic Elastomers For Universal Overmolding on Dissimilar Thermoplastics - White Paper