https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versalloy-infusion-adapter-port.pdf
MEDICAL EQUIPMENT MANUFACTURER C L O S E D S Y S T E M D R U G T R A N S F E R D E V I C E • A new material for a seal inside the next generation of closed system drug transfer device • Compliance with stringent regulatory standards: • Biocompatibility to ISO10993 • USP VI compliance • Provided regulatory support services and expertise throughout extensive medical approval process • Provided a custom formulation compliant with the highest healthcare regulatory standards • Enabled material to be manufactured and shipped globally Custom Versalloy™ HC 9220-90 Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-01/PREPERM - Body Scanner - Application Snapshot.pdf
SECURITY EQUIPMENT MANUFACTURER B O D Y S C A N N E R • Replace PMMA based radome material • Consistent dielectric performance across large sheet/surface area (4mm thick, 2m high) • Ultra low losses • No defects across full surface area • High resolution imaging to show small illegal objects • Formulated a custom material to match customer requirements • Reduced dielectric loss to 0.0009 • Improved image quality of body scanner with uniform dielectric performance and exceptionally low losses • Enabled scan time of 2 seconds and person throughput of 400 persons per hour, compared to 100 person throughput of conventional devices PREPERM™ PPE 260 Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
WHAT WE DO: WE ARE A FORMULATOR 6 CUSTOM FORMULATION JU LY 27 , 2023 W EB CAS T P RE SE N TATI O N COMPOSITES PORTFOLIO D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D P A N E L S T E C H N O L O G Y LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 8 DEFENSE TELECOMMUNICATIONS ENERGY TRANSPORTATION Military • Law Enforcement First Responders Body Armor • Helmets Vehicle Protection Sustainable Infrastructure Offshore Wind Electrical Grid Protection EV Battery Components Commercial Laminates Body & Trim • Air Cargo and Railroad Car Panels 5G Applications Fiber Optic Cables Satellite Communications Connectors and Components 9 COMPOSITES SERVE DIVERSIFIED END MARKETS INDUSTRIAL Lifting Slings • Aquaculture High Pressure Pipe Conveyer Springs Q 2 P ER FO RM A N CE Q2 2023 PERFORMANCE VS.
Global Compact • Highlights ESG Performance, including ratings, awards, and certifications • Features increased carbon emissions disclosures, including Climate Change Scenario Analysis and Scope 3 emissions data • Outlines Sustainable Supplier Program, designed to enable supplier evaluation & collaboration • Reflects Great Place To Work® culture focused on safety, employee engagement and advancing diversity, equity and inclusion 2022 SUSTAINABILITY REPORT 19 Avient Confidential 20 • Virtual presentation to be held September 20, 2023 • Leadership will be conducting an investor-focused presentation around our sustainable solutions portfolio • Deep dive into how we enable customers to achieve their sustainability goals SUSTAINABILITY DAY 20 …are Growing at Twice the Rate as Conventional Products Sustainably-Branded Products… STAKEHOLDER INFLUENCE DRIVES DEMAND Consumers Are demanding recyclability and eco- conscious products Governments Are mandating changes through legislation, taxes, and regional accords Brand Owners Have committed to ambitious goals to achieve sustainability metrics 21 AP P EN D IX 24 Performance Additives 16% Pigments 12% TiO2 10% Dyestuffs 2% Polyethylene 11% Nylon 6% Polypropylene 5% Styrenic Block Copolymer 5% Other Raw Materials 33% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials 2022 pro forma results for the acquisition of Avient Protective Materials RAW MATERIAL BASKET PEER COMPARISONS AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of August 17, 2023 Note: Avient reflects 2023 estimated revenue of $3,280 and estimated run-rate CAPEX of $110M. 26 3 2 3 3 4 4 3 4 5 5 7 7 9 10 A vi en t K W R P P G F U L A V Y R P M F M C H U N C E E C L A S H H X L E M N S C L FREE CASH FLOW CONVERSION Source: Peer data per Bloomberg as of August 17, 2023 Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient reflects 2023 adjusted EBITDA guidance of $525M and estimated run-rate CAPEX of $110M. 2023E (%) 27 79 89 83 83 78 75 90 81 76 72 68 63 53 11 A vi en t K W R F U L P P G A V Y R P M F M C C E E C L A S H H X L H U N E M N S C L Avient Specialty Formulators Other Specialty / Chemical Companies MULTIPLE EXPANSION Source: Peer data per Bloomberg as of August 17, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $525M and closing share price of $37.07.
https://www.avient.com/sites/default/files/2020-07/avient-abac-canada-200720.pdf
La présente politique s’applique à Avient et à ses sociétés affiliées, y compris à tous les dirigeants, employés, mandataires et autres tiers agissant pour le compte d’Avient.
Importance de la conformité Peu importe où nous exerçons nos activités dans le monde, des lois concernant la lutte contre la corruption (LC) s’appliquent à nos activités, y compris, sans toutefois s’y limiter, la loi sur les pratiques corrompues à l’étranger (Foreign Corrupt Practices Act, FCPA) et la loi sur la corruption du Royaume-Uni (UK Bribery Act).
Signaux d’alerte Avient peut également être tenue responsable des actions de ses mandataires et d’autres tiers (y compris des partenaires de coentreprise) en vertu des lois concernant la LC.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Develop and implement solutions to end plastic waste while supporting AEPW $1.5B investment in key initiatives. 2030 Sustainability Targets 27Avient Corporation Sustainalytics 2021 ESG Risk Ranking RANK (1st = lowest risk) PERCENTILE (1st – lowest risk) Chemicals INDUSTRY 75/449 17th Specialty Chemicals SUBINDUSTRY 21/124 17th ISS November 2021 ESG Scores SCORE (1 = Best, 10 = Worst) Environmental 2 Social 1 Governance 4 28Avient Corporation Avient ESG Ratings Products 8 W A Y S W E H E L P C U S T O M E R S B E M O R E S U S T A I N A B L E 29Avient Corporation Enabling Customers’ Recycling Goals R E S O U N D ™ R R E C Y C L E D - C O N T E N T T P E 62% recycle content High performance and quality Reduce waste with refillable features 30Avient Corporation Lightweighting Commercial Trucks P O L Y S T R A N D ™ T H E R M O P L A S T I C C O M P O S I T E L A M I N A T E S 60% Weight reduction in box truck panels Improve fuel economy 100% recyclable 31Avient Corporation 75% less water Enabling Customers to Conserve Resources, Reduce Waste R E N O L ™ S P I N D Y E C O L O R I N G M E T H O D 30% less energy 25% lower carbon footprint 32Avient Corporation Sustainability for a Better Tomorrow *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 Revenue From Sustainable Solutions* 2016-2021 2016 2017 2018 2019 2020PF** 2021E $405M $455M $340M $550M $790M $930M $270 215 170 90 90 30 45 20 $930M2021E Sales ($ in millions) Avient Corporation 33 The Challenge and the Opportunity Avient Corporation 34 Plastic is Part of the Solution PLASTIC ALTERNATIVE PACKAGING (GLASS & ALUMINUM) Requires… Avient Corporation 35 Source: Franklin Associates, A Division of Eastern Research Group (ERG) 2x more Energy 6x more Water 5x more Weight 2x more Greenhouse gas emissions Brand Owners Goals: Substantially Increase use of Recycled Materials 1 1 2 3 5 7 7 7 9 10 30 40 14 25 13 22 35 9 19 13 18 41 Current Additional share needed to reach 2025 target Brand Owner 1 Brand Owner 3 Brand Owner 2 Brand Owner 7 Brand Owner 4 Brand Owner 10 Brand Owner 6 Brand Owner 11 Brand Owner 5 Brand Owner 8 Brand Owner 9 Brand Owner 12 Brand Owner 13 Percent recycled plastic used: (examples and not exhaustive) (1) (1) Latest year reported.
Avient is High Touch Avient Corporation 130 86 93 85 82 79 77 74 89 85 82 81 79 78 77 74 72 25 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E B N R H X L E C L E M N H U N A S H S C L 2021E (%) 1.
We expect this expansion to continue as we execute our strategy, increase margins and consistently grow earnings in excess of the market. 6.5 9.0 11.2 17.7 16.7 15.5 15.3 14.5 12.2 25.7 25.5 13.5 12.2 10.7 9.8 8.6 8.5 6.9 6.2 A vi en t (2 01 1) A vi en t (2 01 6) A vi en t (2 02 1) K W R P P G A V Y R P M G C P F U L H X L E C L A S H F M C B N R S C L E M N U N V R C E H U N Source: Peer data per Bloomberg market data as of December 2, 2021 Total Enterprise Value / 2021E EBITDA Avient 2011 and 2016 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
https://www.avient.com/sites/default/files/2020-08/2020-composites-overmolding-overview.pdf
SPORTING GOODS Boots, bindings, protective equipment MARINE Hull reinforcement, seats, paddles 50% Long Glass Fiber Reinforced PP 50% Long Glass Fiber Reinforced PP + 0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/90°/0° CFRTP 17K 28K 29K 50% Long Glass Fiber Reinforced PP + 0°/90°/0° CFRTP 29K 31K +60.7% FLEXURAL STRENGTH (ASTM D7264) IMPACT RESISTANCE (ASTM D3763) 50% Long Glass Fiber Reinforced PP 50% Long Glass Fiber Reinforced PP + 0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/90°/0° CFRTP E ne rg y at T ot al ( J) Fo rc e at P ea k (k N ) 18 16 14 12 10 8 6 4 2 0 6.0 5.9 4.0 3.0 2.0 1.0 0.0 11.2 15.1 14.6 12.7 16.4 1.2 1.9 2.8 4.0 5.0 +58.3% +34.8% 50% Long Glass Fiber Reinforced PP 50% Long Glass Fiber Reinforced PP + 0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/90°/0° CFRTP 17K 28K 29K 50% Long Glass Fiber Reinforced PP + 0°/90°/0° CFRTP 29K 31K +60.7% FLEXURAL STRENGTH (ASTM D7264) IMPACT RESISTANCE (ASTM D3763) 50% Long Glass Fiber Reinforced PP 50% Long Glass Fiber Reinforced PP + 0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/0° CFRTP 50% Long Glass Fiber Reinforced PP + 0°/90°/90°/0° CFRTP E ne rg y at T ot al ( J) Fo rc e at P ea k (k N ) 18 16 14 12 10 8 6 4 2 0 6.0 5.9 4.0 3.0 2.0 1.0 0.0 11.2 15.1 14.6 12.7 16.4 1.2 1.9 2.8 4.0 5.0 +58.3% +34.8% Application design Modeling & simulation Prototyping & validation Material selection Composite/ resin compatibility Custom formulations Mold filling analysis Technical support Process optimization PROCESSING MATERIALS Material selection is crucial to an application’s success.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
• Factors that could cause actual results to differ materially from those implied by these forward looking statements include but are not limited to:• Factors that could cause actual results to differ materially from those implied by these forward‐looking statements include, but are not limited to: Our ability to achieve the strategic and other objectives relating to the Spartech acquisition, including any expected synergies; our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition being accretive; Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability;liquidity) to maintain their credit availability; The speed and extent of an economic recovery, including the recovery of the housing market; Our ability to achieve new business gains; The amount and timing of repurchases, if any, of PolyOne common shares and our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks; Changes in polymer consumption growth rates in the markets where we conduct business;g p y p g ; Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; Fluctuations in raw material prices, quality and supply and in energy prices and supply; Production outages or material costs associated with scheduled or unscheduled maintenance programs; Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;, , p y p y g , y p p ; An inability to maintain appropriate relations with unions and employees; and Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation. • The above list of factors is not exhaustive. • We undertake no obligation to publicly update forward‐looking statements, whether as a result of new information, future events or otherwise.
https://www.avient.com/sites/default/files/2020-08/silcosperse-ec-product-bulletin.pdf
PRODUCT BULLETIN 1.00E+00 1.00E+02 1.00E+04 1.00E+06 1.00E+08 1.00E+10 1.00E+12 1.00E+14 1.00E+16 1.00E+18 0 10 20 30 40 50 60 70 R e si si ti v it y /O h m Silcosperseä EC dosing percentage (%) CB HCR SWCNT HCR SWCNT LSR MWCNT HCR aceSurface Resistivity Silcosperse™ EC Electrically Conductive Additive Dispersions Silcosperse™ EC Electrically Conductive additive dispersions provide varying levels of electrical conductivity to silicone material.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
D is t. ) K W R R P M P P G A V Y F U L G C P H X L F M C F O E IF F H U N E C L A S H E M N K R A C E S C L G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of June 4, 2021 Avient reflects 2021 estimated revenue of $4,300M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 84% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of June 4, 2021 87 89 87 86 83 81 76 88 85 83 82 81 80 78 78 78 76 72 71 69 50 18 A vi en t K W R P P G R P M A V Y F U L G C P F M C H X L U N V R IF F E C L A S H F O E C E E M N B N R H U N G R A K R A S C L A L B Source: Peer data per Bloomberg market data as of June 4, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the majority of our chemical peers.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 28 Avient reflects 2021 estimated EBITDA of $560M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 10.4 18.2 16.0 15.5 15.3 11.3 11.0 29.7 26.5 23.5 18.2 13.4 11.9 11.9 11.7 10.5 10.4 10.3 10.1 9.7 7.7 6.5 A vi en t K W R A V Y P P G R P M F U L G C P H X L A L B E C L IF F F M C B N R A S H G R A E M N F O E S C L U N V R C E K R A H U N Median: 11.7xMedian: 15.4x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
D is t. ) K W R P P G A V Y F U L R P M G C P H X L F M C H U N IF F E C L A S H K R A E M N C E S C L A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of July 28, 2021 Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 81% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of July 28, 2021 87 90 86 82 80 78 73 87 82 82 79 79 78 78 77 76 71 67 46 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E IF F A S H E C L B N R E M N H X L H U N K R A S C L A L B (6) Source: Peer data per Bloomberg market data as of July 28, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the median of other selected chemical / specialty companies.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 31 Avient reflects 2021 estimated EBITDA of $580M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 9.5 18.5 15.1 15.1 14.0 11.0 10.4 29.5 28.2 23.9 18.7 12.4 12.2 11.1 9.3 9.2 9.2 7.6 7.6 6.0 A vi en t K W R P P G A V Y R P M F U L G C P A L B H X L E C L IF F F M C B N R A S H S C L E M N U N V R K R A C E H U N Median: 11.1xMedian: 14.6x SUMMARY: WHY INVEST IN AVIENT?