https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
The wall thickness (W)
for ribs and bosses should be 75% of the nominal
wall (.75W).
The outside round should be the inside radius
plus wall thickness (IR + W).
Unfortunately, this method
only has limited durability and has a minimum
amount of assembly repeatability.2
FIGURE 19 - Mechanical Fasteners
Design Guidlines
Potential high stress
due to wedging action
of screw head
Potential high stress
due to wedging action
of screw head
Poor DesignsPoor Designs Preferred DesignsPreferred Designs
Planned gap between added
bosses prevents excessive
bending of hosing as bosses
touch and go into compression
Planned gap between added
bosses prevents excessive
bending of hosing as bosses
touch and go into compression
Alternative recessed head
design avoids potentially
dangerous wedging action
Alternative recessed head
design avoids potentially
dangerous wedging action
Truss or Round Head ScrewTruss or Round Head Screw
Potential high bending
stress as bolt is tightened
Potential high bending
stress as bolt is tightened
Flat-head Screw
Standard Screw
Plastic Part
Metal Sub-frame
Shoulder Screw
Plastic
Metal
Casting
FIGURE 20 - Mechanical fasteners design guidelines
σH =
DShaft
W = DShaft
DShaft
1 +
FIGURE 16 - Interference fit variable
σH =
DShaft
W = DShaft
DShaft
1 +
FIGURE 17 - Geometry factor variable
σH =
DShaft
W = DShaft
DShaft
1 +
FIGURE 18 - Hoop stress equation
σH =
DShaft
W = DShaft
DShaft
1 +
FIGURE 19 - Press fit pull-out force
.400
.500
.375
.373
.650
FIGURE 15 - Press fit example
Design Guide 13
ADHESIVE TYPES
A chart containing the various specific adhesive
types, with advantages and disadvantages of
both can be seen in the appendix.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
10
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
$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/2021-06/fl.datasheet-pultrusion.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/2024-11/Aquamix Product Bulletin.pdf
PRODUCT BULLETIN
Aquamix™ Additive Formulations
Dispersions and Emulsions
The Aquamix™ portfolio of aqueous additive
formulations consists of a full line of dispersed
and emulsified curatives, antioxidants, fillers,
vulcanizers, optical brighteners, flame retardants,
UV stabilizers, and tackifiers.
https://www.avient.com/resources/safety-data-sheets?page=3786
UV DK.
COOL GRAY 421C
ABS COOL GRAY 9C
https://www.avient.com/resources/safety-data-sheets?page=4160
UV RED PE
E152 GRAY
PC GRAY Q716-3-5
https://www.avient.com/resources/safety-data-sheets?page=3014
G WOOD UV
GEON 85857 GRAY 2380 INT
15350LBFF EPIC TOP SCORE SILVER GRAY
https://www.avient.com/resources/safety-data-sheets?page=4444
GRAY
GRAY SANTO
UV Bronze 833
https://www.avient.com/resources/safety-data-sheets?page=2799
UV LT.
GRAY PP
STAN-TONE HCC-30999 GRAY
https://www.avient.com/resources/safety-data-sheets?page=4872
SILCOGUM GRAY
GEON L4230 LHB DOVE GRAY
PG 258769.00 PEARL GN PET UV