https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
Buyer will
disseminate such information so as to give warning of
possible hazards to persons whom Buyer can
reasonably foresee may receive exposure to such
hazards, including, but not limited to, Buyer’s
employees, agents, contractors and customers.
During periods when demand for
Product exceeds Seller’s available supply, whether due
to a force majeure or otherwise, Seller may distribute
Product among itself for its own manufacturing uses,
its customers, and Buyer in such manner as Seller
deems fair and practicable.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
But none of this would be possible without exceptional associates who continue to take care of
each other and our customers.
http://www.avient.com/investors
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https://edge.media-server.com/mmc/p/k7okojz2
http://www.avient.com/investors
4
About Avient
Avient Corporation (NYSE: AVNT), with 2021 revenues of $4.8 billion, provides specialized and
sustainable material solutions that transform customer challenges into opportunities, bringing
new products to life for a better world.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
$600 $592
$3.02 $3.04
FULL YEAR 2022 PERFORMANCE
(TOTAL COMPANY PRO FORMA)
15
Sales Adjusted EBITDA
$3,712 $3,653
-2%
Adjusted EPS
-1% + 1%
(in millions) (in millions)
(+4% excluding FX) (+5% excluding FX) (+9% excluding FX)
FULL YEAR 2022 SEGMENT PERFORMANCE
16
CAI
$2,402 $2,355
$409 $402
SEM Pro Forma
$1,308 $1,300
$278 $272
(+4% excluding FX)
- 2% -1%
(+5% excluding FX)
- 2%
(+4% excluding FX)
- 2%
(+2% excluding FX)
PRO FORMA FULL YEAR EPS BRIDGE
17
Pro Forma 2021 Adjusted EPS 3.02$
Foreign Currency (0.23)
Russia Import Sales (0.07)
Outdoor High Performance (0.13)
Color, Additives and Inks 0.18
Specialty Engineered Materials 0.24
Corporate Costs / Other 0.03
Pro Forma 2022 Adjusted EPS 3.04$
FULL YEAR EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
18
$ millions
CAI:
Price / Mix 247
Inflation (176)
SEM:
Price / Mix 121
Inflation (77)
Net Price Benefit 115
Wage and Energy Inflation (47)
Clariant Color Integration Synergies 23
Incentives, Other Employee Costs 43
FX (34)
Full Year 2022 $592
Adjusted
Full Year 2021 $ 600
Demand (99)
Russia Import Sales (9) • Demand primarily impacted
by China lockdowns, 4th
quarter industrywide
destocking and declining
consumer sentiment
• Pricing outpaced inflation of
raw materials, wages and
energy
2023 G U IDA N CE
$125
$530
$0.55
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,450
Adjusted EPS
(in millions) (in millions)
CASH FLOW / BALANCE SHEET
21
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability, primarily
in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
K E Y G R O W T H D R I V E R S
A N D T R A N S F O R M E D
P O R T F O L I O
GROWTH DRIVERS: PROVEN SUCCESS
23 (1) Pro forma for the acquisition of Avient Protective Materials (APM)
COMPOSITES
$51
$84
$212
$668
HEALTHCARE
$108 $113
$231
$293
8-10%
ASIA/EMERGING REGIONS
$265
$358
$726
$830
12%
$340
$455
$790
$1,175
SUSTAINABLE SOLUTIONS
8-12%
(1) (1)(1)
(Sales in $ millions)
#1 Color Formulator
Dyneema® - World’s Strongest
Fiber™
#1 in Composites applications
for outdoor high performance
#1 in Performance Inks
Customized solutions
140+ PhDs on staff
Rapid development of
innovative products
Extensive patent (2,500+)
portfolio
33% Vitality Index
Better-positioned toward stable,
high-growth end markets
Consumer, packaging,
healthcare and defense comprise
nearly 60% of sales
Agnostic to raw materials,
helping all customers achieve their
goals
Broad portfolio of diversified
sustainable solutions
90%+ of our innovation pipeline
invested in sustainable solutions
Long-term growth rate well
above GDP with expectations of
8-12%
LEVERAGING OUR TRANSFORMED PORTFOLIO
24
Building &
4% Telecom.
2022 PF
$3.65B
sales
Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator
(1) 2022 Pro forma for the acquisition of Avient Protective Materials
(2) 2020 Pro forma for the acquisition of Clariant Color
(1)(2)
$340M
$455M
$790M
2016 2018 2020PF 2022PF
$1,175M
P EE R C O M PAR IS O N S
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M.
27
2
4 4
5 5 5
6
7 7
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
AVNT-2024.03.31-News Release
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces First Quarter 2024 Results
• First quarter GAAP EPS from continuing operations of $0.54 compared to $0.23 in the
prior year quarter
• First quarter adjusted EPS of $0.76 exceeded guidance of $0.68 primarily as a result of
better-than-expected customer demand from defense applications and lower raw
material costs
• First quarter adjusted EPS increased 21% over the prior year driven by improved
margins from lower raw material costs and favorable mix, and lower net interest
expense
• Revised 2024 full-year adjusted EPS guidance range to $2.50 to $2.65, from prior
guidance of $2.40 to $2.65 given strong first quarter results; Revised full-year guidance
range reflects 6% to 12% growth in adjusted EPS over the prior year
CLEVELAND – May 7, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable materials solutions, today announced its first quarter results for
2024.
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that
transform customer challenges into opportunities, bringing new products to life for a better
world.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Sweden.pdf
Seller may, during any period of shortage due to any
cause, prorate, and allocate its supply of such materials among
itself for its own consumption, its subsidiaries, affiliated com-
panies, its accepted orders, contract customers, and its regular
customers not then under contract in such a manner as may be
deemed fair and reasonable by Seller.
During periods when demand for Product
exceeds Seller’s capability to supply, whether due to a force
majeure or otherwise, Seller may distribute Product among it-
self for its own uses, Buyer, and other customers, in such man-
ner as Seller deems fair and practicable.
Buyer shall disseminate
such information so as to give warning of possible hazards to
persons whom Buyer can reasonably foresee may receive expo-
sure to such hazards, including, but not limited to, Buyer’s em-
ployees, agents, contractors and customers.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the Kingdom of Saudi Arabia.pdf
Seller may,
during any period of shortage due to any cause, prorate, and allocate its
supply of such materials among itself for its own consumption, its
subsidiaries, affiliated companies, its accepted orders, contract customers,
and its regular customers not then under contract in such a manner as may
be deemed fair and reasonable by Seller.
During periods when demand for Product
exceeds Seller’s capability to supply, whether due to a force majeure or
otherwise, Seller may distribute Product among itself for its own uses,
Buyer, and other customers, in such manner as Seller deems fair and
practicable.
Buyer shall disseminate such information so as to give warning
of possible hazards to persons whom Buyer can reasonably foresee may
receive exposure to such hazards, including, but not limited to, Buyer’s
employees, agents, contractors and customers.
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Italy.pdf
Seller may, during any period of shortage due to
any cause, prorate and/or allocate its supply of such materials
among itself for its own consumption, its subsidiaries, its
affiliated companies, its accepted orders, its contract
customers, and its regular customers not then under contract
in such a manner as may be deemed fair and reasonable by
Seller.
Carenza di Prodotto
During any period when demand for Product exceeds
Seller’s capability to supply, whether due to a force majeure
event or otherwise, Seller may distribute Product among
itself for its own use, Buyer, and other customers, in such a
manner as Seller deems fair and practicable.
Buyer shall disseminate such information so as to
give warning of possible hazards to persons whom Buyer can
reasonably foresee may receive exposure to such hazards,
including, but not limited to, Buyer’s employees, agents,
contractors and customers.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
Seller
may, during any period of shortage due to any cause,
prorate, and allocate its supply of such materials among
itself for its own consumption, its subsidiaries,
affiliated companies, its accepted orders, contract
customers, and its regular customers not then under
contract in such a manner as may be deemed fair and
reasonable by Seller.
During periods when demand for
Product exceeds Seller’s capability to supply, whether
due to a force majeure or otherwise, Seller may
distribute Product among itself for its own uses, Buyer,
and other customers, in such manner as Seller deems
fair and practicable.
Buyer shall
disseminate such information so as to give warning of
possible hazards to persons whom Buyer can
reasonably foresee may receive exposure to such
hazards, including, but not limited to, Buyer’s
employees, agents, contractors and customers.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Chile %28English and Spanish Translation%29.pdf
Seller
may, during any period of shortage due to any cause,
prorate, and allocate its supply of such materials
among itself for its own consumption, its
subsidiaries, affiliated companies, its accepted
orders, contract customers, and its regular customers
not then under contract in such a manner as may be
deemed fair and reasonable by Seller.
During periods when demand
for Product exceeds Seller’s capability to supply,
whether due to a force majeure or otherwise, Seller
may distribute Product among itself for its own uses,
Buyer, and other customers, in such manner as Seller
deems fair and practicable.
Buyer shall disseminate
such information so as to give warning of possible
hazards to persons whom Buyer can reasonably
foresee may receive exposure to such hazards,
including, but not limited to, Buyer’s employees,
agents, contractors, subcontractors and customers.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
Seller may, during any period of shortage due to
any cause, prorate, and allocate its supply of such
materials among itself for its own consumption,
its subsidiaries, affiliated companies, its
accepted orders, contract customers, and its
regular customers not then under contract in such
a manner as may be deemed fair and reasonable
by Seller.
El Vendedor no estará sujeto a
ninguna responsabilidad o daño por retraso en el
otherwise, Seller may distribute Product among
itself for its own uses, Buyer, and other
customers, in such manner as Seller deems fair
and practicable.
Buyer shall disseminate such information so as
to give warning of possible hazards to persons
whom Buyer can reasonably foresee may receive
exposure to such hazards, including, but not
limited to, Buyer’s employees, agents,
contractors and customers.