https://www.avient.com/investor-center/news/avient-hold-fourth-quarter-2024-conference-call
A recording of the webcast and the slide presentation will be available at avient.com/investors/events-presentations immediately following the conference call and will be accessible for one year.
Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world's strongest fiber™.
https://www.avient.com/content/technical-support-request
Advanced Composites
Year
Year
https://www.avient.com/industries/building-construction/outdoor-building-products
Advanced Mobility Composite Structures
OnColor™ WPC Wood Plastic Composite Capstock Technology
Wood Plastic Composite Substrate, Cellular Substrate Deck & Rail, Capstock for Deck / Rail / Fence
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization
expense associated with intangible assets.
3
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial ResultsCompany Overview Revenue By:
9,300
Employees
102
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized
and sustainable materials solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.14B
Revenue
$2.36
$502M
Adjusted EBITDA
16.0%
Adjusted EBITDA Margins
$186M
Adjusted Free Cash Flow
Over $1B in share
buybacks since 2011
Raised dividend for
13 consecutive years,
a 15% CAGR since
2011
U.S. &
Canada
64%
Specialty
Engineered
Materials
Color
Additives
and Inks
23%
10% 5% 4%
Building &
Energy Telecom
Geography
Segment
Industry
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
ASHISH KHANDPUR
PRESIDENT & CEO
7
8
PORTFOLIO TRANSFORMATION
8
46%
66%
87%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
D
A
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
SUSTAINABILITY AS A GROWTH DRIVER
9
LONG-TERM REVENUE GROWTH DRIVERS
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
60%+
Key Growth
Drivers
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other 0–2%
Avient 6%
END MARKET OBSERVATIONS
(% OF COMPANY SALES)
ENERGY
DEFENSE
TELECOMMUNICATIONS
HEALTHCARE
10
TRANSPORTATION
INDUSTRIAL
BUILDING &
CONSTRUCTION 9%
CONSUMER
PACKAGING
23%
11
REGIONAL OBSERVATIONS
(% OF COMPANY SALES)
11
Q 4 2023 RE S U LT S
Q4 2023 PERFORMANCE VS.
Prior Year
14
Q4 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
As the year continued, many countries made progress
in the battle against COVID-19 with infection rates
declining significantly and life returning to a more
normal “pre-COVID” environment.
Partially offsetting the lower asset returns was an increase in our year end
discount rate from 2.69% to 4.74%.
Partially offsetting the lower asset returns was an increase
in our year end discount rate from 2.47% to 2.69%.
https://www.avient.com/sites/default/files/2021-12/composite-vibratory-springs-case-study.pdf
CASE STUDY: GORDON COMPOSITES™ VIBRATORY CONVEYOR SPRINGS
Challe
nge Accepted.
COMPOSITE SPRINGS
SHAKE UP
THE STATUS QUO
MANUFACTURER GAINS PERFORMANCE AND SHEDS COST
WITH ADVANCED COMPOSITES
© 2021, All Rights Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
To learn more, please contact Avient at
1.844.4AVIENT (1.844.428.4368) or visit
www.avient.com/composites.
Drawing on over 65 years of
composite expertise in manufacturing high performance
archery bow limbs - which require consistent, deep
deflection under high loads each time the bowstring is
pulled - the Gordon Composites team has translated
this technology into continuous fiber reinforced
composite springs that are specifically engineered to
meet the rigorous demands of vibratory conveyors.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Distribution exceeded $1 billion in revenue for the
second consecutive year and delivered a 5.9 percent return on
sales in 2013.
Glasforms), a leading manufacturer of
glass and carbon fiber reinforced polymers and advanced composite products.
Our customer returns are immaterial.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Partially
offsetting the lower asset returns was an
increase in our year end discount rate from
2.47% to 2.69%
Partially offsetting the lower asset returns was an increase in our year end
discount rate from 2.47% to 2.69%.
Partially offsetting the higher asset returns was
the decrease in our year end discount rate from 4.11% to 3.19%.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Sign, date and return your proxy card and/or voting instruction card to vote by mail.
Key 2021 Company Performance Results and Return to Shareholders.
We suggest that all
proposals be sent by certified mail, return receipt requested.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial GuidanceCompany Overview 2022 Pro Forma Revenue By:
9,700
Employees
104
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized and
sustainable material solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.4B
Revenue
$2.40
$530M
Adjusted EBITDA
15.6%
Adjusted EBITDA Margins
$200M
Free Cash Flow
2.9x
Net Leverage
Over $1B in share
buybacks since 2011
Raised dividend for 12
consecutive years, a
16% CAGR since 2011
Geography
Segment
Industry
U.S. &
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
37%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Chamber of Commerce; BEAD refers to
Broadband Equity, Access, and Deployment Program17
• Fiscal Year 2024 U.S.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
38
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.6
13.2 13.0 12.8
11.3
8.6
17.9
16.8
10.7
8.8 8.8 8.7
7.5
6.9
01
1)
01
8)
02
3)
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.