https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Q 1 2 0 2 3 -8% +6% -1% Flat 10 US & Canada Latin America EMEA Asia Total Avient -2.6% 2023 G U IDA N CE $128 $525 Q3 FY $0.56 $2.40 Q3 FY 2023 GUIDANCE 12 $800 $3,280 Q3 FY Sales Adjusted EBITDA Adjusted EPS (in millions) (in millions) 13 • Focused on working capital management, restructuring actions to streamline operations • IT investment to further integrate acquired businesses and capture operational efficiencies • Preserve Free Cash Flow to maintain net leverage CASH FLOW / LEVERAGE ($ millions) 2023E Cash Flow from Operating Activities 320$ Less: CapEx (140) Free Cash Flow 180$ Adjusted EBITDA 525$ Net Debt / Adjusted EBITDA 3.0x SUSTAINABILITY AS A GROWTH DRIVER 14 LONG-TERM REVENUE GROWTH DRIVERS Revenue From Sustainable Solutions* 2016-2022 $340M $405M $455M $550M $790M $915M 2016 2017 2018 2019 2020PF** 2021 2022PF*** $1,175M *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 ***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution 60%+ Key Growth Drivers Sustainable Solutions Composites, Healthcare, Asia / LATAM Overlap Other (GDP Growth) Total Company Revenue SUSTAINABILITY REPORT 2022 • Provides progress on 2030 goals • Reaffirms commitment to U.N.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 24 EV / 2023E EBITDA Historic Multiple 6.5 8.3 10.3 14.4 13.6 13.6 12.4 9.0 20.2 18.2 11.5 10.6 9.7 9.6 8.7 8.3 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t (2 02 3) R P M P P G K W R A V Y F U L E C L H X L F M C A S H S C L C E H U N E M N Avient Specialty Formulators Other Specialty / Chemical Companies 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 $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 26 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 27 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2022 PRO FORMA REVENUE | $1 .3 B ILL ION US & Canada 52% EMEA 35% Asia 13% 28 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS 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 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% 29 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.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-kevlarr-distribution-program.pdf
They also add important characteristics, such as SWELLCOAT® water-blocking, water repellence, adhe- sion, color, and wear and UV-resistance to these and many other applications.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-carbon-fiber.pdf
They also add important characteristics, such as SWELLCOAT® water-blocking, water repellence, adhe- sion, color, and wear and UV-resistance to these and many other applications.
https://www.avient.com/sites/default/files/2024-02/Gravi-Tech REC Recycled Formulations Product Bulletin.pdf
Gravi-Tech REC recycled grades enable visual surface effects and aesthetics including metallic finish, cool touch and color variation, suitable for applications in packaging and consumer goods such as cosmetic caps and closures, perfume caps, spirit bottle caps and luxury boxes.
https://www.avient.com/sites/default/files/2021-04/bergamid-seat-fastener-case-study.pdf
HellermannTyton decided to develop the seat securement part using injection-molded Bergamid resin in a standard black color.
https://www.avient.com/sites/default/files/2020-07/sem-w-c-solutions-for-optical-fiber-cable-product-bulletin-a4.pdf
KEY CHARACTERISTICS • Faster processing speeds (up to 1,000 m/min) at low wall thickness (100 µm) • Increased chemical resistance • Lower gel migration • ECCOH 6153 UV - optimized for Teroson • ECCOH 6154 UV - optimized for Unigel • High color rendition and compatibility with Avient masterbatch • High UV resistance • Very low shrinkage MARKET & APPLICATIONS Optical Fiber Cables including: • Stranded loose tubes – gel-filled/dry • Micro-modules • Tight buffer applications – gel-filled/dry STANDARD COMPLIANCE • IEC 60794 • NF XP C93-850-1-1:2020 • EN 50289-4-17:2016 • ISO 4892:2016 • ST/CNET/5843 (1998) PRODUCT BULLETIN GEL MIGRATION PERFORMANCE ECCOH LSFOH 6153/6154 UV grades offer greater gel migration performance compared to alternative ECCOH grades.
https://www.avient.com/sites/default/files/2024-06/Cesa Flame Retardant Product Selection Guide %281%29.pdf
CESA FLAME RETARDANT ADDITIVES – STANDARD OFFERINGS Cesa Flame Retardant Additives can be used in combination with other colorants or additives, and formulations can be customized for most applications.
https://www.avient.com/sites/default/files/2020-11/eccoh-product-selection-guide-en.pdf
Continuous Use Temp °C 90°C 90°C 105°C 90°C 125°C 90°C 90°C 105°C SMOKE DENSITY (MAX) Flaming Mode 45 104 312 163 312 118 98 60 101 121 Non-Flaming Mode 212 279 303 416 297 369 296 223 296 393 FEATURES ESCR x Flame Performance x x x x x Heat Resistance x x x High Char Forming x Low Temperature Performance x x Mechanical Properties x x x Oil Resistance x UL Listed Halogen-Free x x x FEATURES Wire and Cable • Highly flame retardant • Very low toxicity and smoke density • Many grades are cross-linkable • Can be processed with color or additive concentrate, and with UV stabilizer Pipe and Fittings • Highly flame retardant • Very low toxicity and smoke density • Suitable for extrusion, injection molding ECCOH™ ECCOH™ non-halogenated formulations re designed to be highly flame retardant with extremely low toxicity and smoke density.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-vectranr-lcp.pdf
They also add important characteristics, such as SWELLCOAT® water-blocking, water repellence, adhe- sion, color, and wear and UV-resistance to these and many other applications.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-uhmwpe.pdf
They also add important characteristics, such as SWELLCOAT® water-blocking, water repellence, adhe- sion, color, and wear and UV-resistance to these and many other applications.