https://www.avient.com/investor-center/news/polyone-announces-pricing-650-million-575-senior-notes-due-2025
intends to use the net proceeds from the offering to finance, in part, its pending acquisitions of Clariant AG's global masterbatch business (the "Clariant masterbatch acquisition") and Clariant Chemicals (India) Limited's masterbatch business (collectively, the "acquisitions").
The notes will be subject to a "special mandatory redemption" in the event that (i) the Clariant masterbatch acquisition is not consummated on or prior to
the purchase agreement is terminated, other than in connection with the consummation of the Clariant masterbatch acquisition.
https://www.avient.com/sites/default/files/2022-12/Mevopur Colors for Ophthalmic Closures Application Bulletin_A4.pdf
FDA/EU compliance information available upon request
Mevopur™ Healthcare Colorants and Formulations
for Ophthalmic Closures
The Mevopur™ range of standard concentrates
for closures used with ocular (ophthalmic)
medicines matches the color standards from the
American Academy of Ophthalmology (AAO).
Custom
pre-colored formulations can be developed in other
resins upon customer request.
For containers/bottles, Avient also offers Remafin™ EP White Colorants,
available in low density and high density PE and PP resins.
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
Unless otherwise noted herein, all comparisons to prior year results are
pro forma for the Clariant Masterbatch acquisition.
Pro Forma
The Company acquired the Clariant Masterbatch business (“CMB”) on July 1, 2020 (the
“Acquisition Date”).
For the same
reasons, the Company is unable to address the probable significance of the unavailable
information.
6
Investor Relations Contact:
Giuseppe (Joe) Di Salvo
Vice President, Treasurer and Investor Relations
Avient Corporation
+1 440-930-1921
giuseppe.disalvo@avient.com
Media Contact:
Kyle G.
https://www.avient.com/resources/safety-data-sheets?page=7093
GREY 7046 NYLON 6/6
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
Lahnstein, Germany 66.
Minority 17%
White 83%
Female or U.S.
When
including the additional resources who joined from the Clariant Color acquisition, our technical team has more than doubled.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022_1.pdf
SOURCE: https://www.gartner.com/en/newsroom/press-releases/2019-09-26-gartner-predicts-
circular-economies-will-replace-line
SOURCE: https://www.greenbiz.com/article/6-circular-economy-trends-will-shape-2020
What Up Next for
the Circular Economy?
https://www.gartner.com/en/newsroom/press-releases/2019-09-26-gartner-predicts-circular-economies-will-replace-line
https://www.gartner.com/en/newsroom/press-releases/2019-09-26-gartner-predicts-circular-economies-will-replace-line
https://www.greenbiz.com/article/6-circular-economy-trends-will-shape-2020
Overcoming Challenges to
Achieve Circularity
A global understanding is key to facilitating the growth of the
circular economy and spreading its benefits across the world.
Contact us today
https://avient.me/3FxhNrw
Button 92:
Button 93:
Button 3:
Button 83:
Button 5:
Button 6:
Button 66:
Button 67:
Button 68:
Button 69:
Button 70:
Button 71:
Button 72:
Button 73:
Button 74:
Button 75:
Button 77:
Button 76:
Button 78:
Button 79:
Button 84:
Button 85:
Button 86:
Button 87:
Button 88:
Button 89:
Button 90:
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.2
T R A N S F O R M A T I O N A L
O V E R V I E W
Avient Protective
Materials
Dyneema
®
RECENT TRANSAC TIONS
Acquired Divested
$1.45 B $0.95 B
4
Distribution
UPDATED CA PI TAL STRUC TURE
& LI QUI DI TY
• Proceeds from completed
sale of Distribution used to
pay near-term maturing debt
to strengthen balance sheet
• Fixed/floating debt ratio of
~55/45
• Proven track record of
deleveraging following major
acquisitions through strong
free cash flow generation
• 2022 pro forma net
debt/adjusted EBITDA
expected to be 3.1x
$725 $725
$575 $500
$600
$525
$650
$650
$600
Capital Structure
Cash
$544
Undrawn
Revolver
$250
Liquidity
$3.15B
$2.40B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
2023 Notes
After Dyneema
Acquisition
After Distribution
Divestiture
$794M
(1)
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
5
PREVI OUS TR ANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
6
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $75 million of realized synergies anticipated in 2022
• Acquisition completed on July 1, 2020 for $1.45 billion.
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
8
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
9
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
11
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
12
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
13
Adj.
O P S )
16
Sales Adjusted EBITDA
$818
$823
2021 2022
+ 1%
Adjusted EPS
+ 8% - 3%
(in millions) (in millions)
(+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX)
Q3 EBITDA BRIDGE
( P R O F O R M A T O TA L C O M PA N Y )
17
Price increases more than
offset raw material and
supply chain impacts
$ millions
CAI:
Price / Mix 68
Inflation (44)
SEM:
Price / Mix 41
Inflation (26)
Net Price Benefit 39
Wage and Energy Inflation (14)
Clariant Color Integration Synergies 6
Incentives, Other Employee Costs 14
FX (11)
Q3 2022 $137
Adjusted
EBITDA
Q3 2021 $ 142
Demand (39)
Q3 2022 SEGMENT PERFORMANCE
18
CAI
$587
$566
Sales
($ in millions)
$93 $93
EBITDA
SEM Pro Forma
$326 $319
Sales
$70
$62
EBITDA
(+ 4% excluding FX)
- 4% - 2%
(+ 5% excluding FX)
Flat
(+ 7% excluding FX)
- 11%
(- 7% excluding FX)
$500
$585
Cont.
https://www.avient.com/sites/default/files/2020-08/stan-tone-epx-product-bulletin.pdf
PRODUCT BULLETIN
Stan-Tone™ Colorants
Epoxy Paste Colorants (EPX)
Stan-Tone™ EPX epoxy paste colorants are select
organic and inorganic pigments dispersed in a
Bisphenol A undiluted epoxy resin with an epoxide
equivalent of 185.
The high pigment loading of these
colorants allows for excellent economics.
KEY CHARACTERISTICS
• Intended for use in a variety of thermoset
epoxy systems
• Based on heat stability, lightfastness,
weatherability and toxicity
• Use level is 1%–2% for thick casting and
5%–10% for a thin coating
APPLICATIONS
Stan-Tone EPX dispersions are suitable for use
in a variety of applications, including:
• Protective coatings
• Adhesives
• Epoxy flooring
• Electrical potting
• Composites
• Laminates
Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Lightfastness
WHITE
10EPX03 Titanium Dioxide, Rutile 57 1.95 PW-6 I/O
YELLOW
12EPX01 Diarylide AAOT GS 25 1.22 PY-14 I
12EPX03 Diarylide HR RS 20 1.2 PY-83 I/O (Mass)
13EPX02 Isoindolinone RS 30 1.3 PY-110 I/O
13EPX03 Benzimidazolone GS 40 1.27 PY-151 I/O (Mass)
81EPX01 Iron Oxide 40 1.62 PY-42 I/O
ORANGE
15EPX03 Benzimidazolone 30 1.26 PO-36 I/O
RED
23EPX04 Quinacridone BS 25 1.21 PV-19 I/O
23EPX06 Specialty Naphthol BS 30 1.21 PR-170 I/O (Mass) C
25EPX01 Red 2B, Ca Salt Bs 24 1.27 PR-48:2 I/O (Mass)
28EPX01 Red 2B, Ba Salt YS 23 1.29 PR-48:1 I/O (Mass)
82EPX01 Iron Oxide, Light BS 40 1.67 PR-101 I/O
82EPX02 Iron Oxide, Dark BVS 40 1.68 PR-101 I/O
82EPX04 Iron Oxide, Light VYS 40 1.67 PR-101 I/O
BLUE
40EXP03 Phthalocyanine GS 25 1.25 PB-15:3 I/O
40EXP05 Phthalocyanine RS 25 1.25 PB-15:3 I/O
42EXP02 Ultramarine 50 1.54 PB-29 I/O
49EXP01 Cobalt 50 1.83 PB-28 I/O
GREEN
50EPX02 Phthalocyanine BS 18 1.34 PG-7 I/O
50EPX03 Phthalocyanine YS 25 1.42 PG-7 I/O
59EPX01 Chromium Oxide 40 1.64 PG-17 I/O
VIOLET/MAGENTA
24EPX03 Quinacridone Violet 15 1.2 PV-19 I/O
24EPX04 Ultramarine Violet 50 1.66 PV-15 I/O
24EPX05 Quinacridone Magenta 20 1.21 PR-122 I/O
24EPX06 Benzimidazolone 20 1.2 PV-32 I/O
24EPX07 Carbazole Violet 15 1.2 PV-23 I/O
BROWN/TAN
83EPX01 Iron Oxide, Light 39 1.64 PBr-6 I/O
83EPX02 Iron Oxide, Dark 40 1.66 PBr-6 I/O
BLACK
90EPX01 Furnace - High Jet 14 1.23 PBk-7 I/O
90EPX04 Furnace - Medium 20 1.25 PBk-7 I/O
90EPX05 Iron Oxide 50 1.77 PBk-11 I/O
EPX
RS = Red Shade
YS = Yellow Shade
VYS = Very Yellow Shade
BS = Blue Shade
VBS = Very Blue Shade
GS = Green Shade
HR = Heat-Resistant
LIGHTFASTNESS
I = Indoor Only
I/O = Indoor or Outdoor
Mass = Outdoor Masstone
Application Only
C = Some Caution Advised
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022_0.pdf
Another color-related challenge is the multitude of different color streams of
recycled PET, which can limit the uses for recycled colored PET.
In many instances,
these colored bottles may offer an outlet to utilize some of the less transparent rPET
feedstock as the colorant can mask the original recyclate color.
utm_source=eBook&utm_id=rPET
Button 92:
Button 93:
Button 3:
Button 83:
Button 5:
Button 6:
Button 66:
Button 67:
Button 68:
Button 69:
Button 70:
Button 71:
Button 72:
Button 73:
Button 74:
Button 75:
Button 76:
Button 77:
Button 78:
Button 79:
Button 84:
Button 85:
Button 86:
Button 87:
Button 88:
Button 89:
Button 90:
Button 91:
Button 80:
https://www.avient.com/sites/default/files/2024-07/Ballistic Resistant Composite Panels Product Selection _ Install Guide.pdf
CUSTOMIZED SOLUTIONS
Our custom capabilities include:
• Drilling
• Routing
• Machining
USES AND APPLICATIONS
Composite ballistic panels from Avient
are suitable for indoor and outdoor use
in commercial, governmental, industrial,
and residential applications:
• Military structures
• Infrastructure facilities
and equipment
• Banks
• Check cashing stations
• Pawn shops
• Loan and bail/bond offices
• Courtrooms
• Police stations
• Detention facilities
• Bonded warehousing
• Security buildings
• Equipment shielding locations
• Safe rooms
• Storm shelters
• Judges’ chambers
• Finishing
• Custom colors
• Unique panel sizes
UL 752 & NIJ STANDARDS FOR BALLISTIC RESISTANT PROTECTIVE MATERIALS
UL
Rating
NIJ
Level Ammunition Velocity
No.
Level
5
7.62mm rifle lead core
full metal copper jacket,
military ball
2750 ft/sec
838 m/sec
1
Level
6
Level
II
9mm full metal jacket
with lead core
1400 ft/sec
427 m/sec
5
Level
7
5.56mm rifle full metal
copper jacket with
lead core
3080 ft/sec
939 m/sec
5
Level
8
Level
III
7.62mm rifle lead core
full metal copper jacket,
military ball
2750 ft/sec
838 m/sec
5
Width Length Thickness Color
LEVEL 1
GlasArmor Panels
36 in/91 cm 96 in/244 cm
0.256 in/6.5 mm Natural
36 in/91 cm 120 in/305 cm
48 in/122 cm 96 in/244 cm
48 in/122 cm 108 in/274 cm
48 in/122 cm 120 in/305 cm
LEVEL 2
GlasArmor Panels
36 in/91 cm 96 in/244 cm
0.384 in/9.8 mm Natural
36 in/91 cm 120 in/305 cm
48 in/122 cm 96 in/244 cm
48 in/122 cm 108 in/274 cm
48 in/122 cm 120 in/305 cm
LEVEL 3
GlasArmor Panels
36 in/91 cm 96 in/244 cm
0.500 in/12.7 mm
Natural
36 in/91 cm 120 in/305 cm Natural
48 in/122 cm 96 in/244 cm Natural, Grey, White, Tan
48 in/122 cm 108 in/274 cm Natural, Grey
48 in/122 cm 120 in/305 cm Natural, Grey, White
ThermoBallistic Panels
24 in/61 cm 96 in/244 cm
0.44 in/11.2 mm White, Grey, Blue
24 in/61 cm 144 in/366 cm
48 in/122 cm 96 in/244 cm
48 in/122 cm 144 in/366 cm
BALLISTIC PANEL SELECTION GUIDE
Customized panel sizes and colors available.
Position these batten strips to
cover the seam and attach to both panels using
appropriate wallboard screws (see diagram).
6.