https://www.avient.com/resources/safety-data-sheets?page=34
APRIL FRESH #2
https://www.avient.com/resources/safety-data-sheets?page=26
APRIL FRESH #2
https://www.avient.com/news/avient-launches-new-renol-and-remafin-masterbatches-developed-create-natural-looking-tpe-wine-corks
April 18, 2021
https://www.avient.com/news/connected-safer-and-smarter-polyone-collaborates-halo-smart-labs-next-gen-home-safety-devices
April 10, 2017
https://www.avient.com/news/polyone-highlight-advanced-specialty-solutions-chinaplas-2014
April 21, 2014
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2020-results
April 21, 2020
April 21, 2020
April 21, 2020
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
D
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K
W
R
R
P
M
P
P
G
A
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F
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IF
F
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L
F
M
C
F
O
E
H
U
N
E
C
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K
R
A
E
M
N
A
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H
C
E
S
C
L
G
R
A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of April 27, 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: 77%
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M)
Source: Peer data per Bloomberg market data as of April 27, 2021
87 89 87 86
82 81
76
88 87
84
82 81
78 77 77 77 76 73
70
69
50
19
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A
H
U
N
K
R
A
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of April 27, 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.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
43
Capex / Revenue
2022E (%)
AV I E N T I S A S S E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
2 2
2
3
4
3 3
5
5
7 7
8
11
A
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Source: Peer data per Bloomberg market data as of April 21, 2022.
Source: Peer data per Bloomberg market data as of April 21, 2022
86
82
86 86 84
78 77
89 86
81 80
76 76 76
67 67
11
(12)
A
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12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
A
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Median: 21%Median: 15%
2 0 2 2 E B I T DA M A RG I N S V S .
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
45
Source: Peer data per Bloomberg market data as of April 21, 2022
Total Enterprise Value / NTM EBITDA
With the Dyneema and Clariant
Color business acquisition and
divestment of the PP&S business,
along with the proposed sale of
our Distribution business, our
exposure is now concentrated in
less-cyclical and high-growth
markets.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Switzerland.pdf
These Terms and the contract they
form part of shall be exclusively governed by and construed in
accordance with the substantive laws of Switzerland, with the
exclusion of the United Nations Convention on Contracts for the
International Sale of Goods (“CISG”) dated 11 April 1980 and the
Swiss law rules on the conflict-of-laws.
Terms and Conditions (April 1, 2024)
https://www.avient.com/sites/default/files/2021-01/amendment-to-articles-commercial-registration-avient-corporation.pdf
James
DOC ID ----> 202018203934
S T A T E OF O H I O
C E R T I F I C A T E
Ohio Secretary of State, Frank LaRose
4463782
It is hereby certified that the Secretary of State of Ohio has custody of the business records for
and, that said business records show the filing and recording of:
AVIENT CORPORATION
United States of America
State of Ohio
Office of the Secretary of State
Witness my hand and the seal of the
Secretary of State at Columbus, Ohio this
23rd day of April, A.D. 2020.