https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
14
$133
$205
2019PF 2021
14
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
(1)
(1)
11.9%
16.2%
2019PF 2021
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
C L A R I A N T C O LO R I N T E G R AT I O N &
C O S T S Y N ERG I E S U PDATE
15
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
16
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
16
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
16
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPL E
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 $16 million
raised since 2010
Diversity & Inclusion
17
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
18
Sales Growth Rate
Adjusted
Operating
Income$ millions
Adjusted
EBITDA
Q4 EBITDA BRIDGE
19
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
20
CAI
$526
$581
Sales
($ in millions)
SEM Distribution
$58
$61
Operating Income
+ 11% + 6%
$305
$425
Sales
$18
$22
Operating Income
+ 39% + 22%
(1)
$191
$228
Sales
$30
$29
Operating Income
+ 19% - 3%
2 0 2 2 O U T L O O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
22
Excluding Outdoor High Performance 13%
(7.5% excl.
https://www.avient.com/news/dyneema-and-point-blank-deliver-1-million-alpha-elite-armor-systems-protect-us-law-enforcement
PBEI”) is a leading provider of high-performance protective solutions, including bullet, fragmentation, and stab-resistant apparel and related accessories.
https://www.avient.com/news/avient-brings-sustainable-innovation-npe-2024
Versaflex™ HC BIO BT218 TPEs: a finalist for the Plastics Industry Association’s People’s Choice for Plastics Sustainability Innovation Award to be announced at NPE, this grade of bio-derived thermoplastic elastomer (TPE) is developed specifically to handle the complexities of biopharmaceutical tubing and deliver excellent weldability, kink resistance, and low levels of extractables while offering the same performance as its prime counterpart but with a lower carbon footprint.
https://www.avient.com/news/avient-supports-hager-group-incorporate-recycled-ocean-bound-plastic-new-waterproof-outdoor-socket-and-switch
These formulations effectively replace the previous prime materials used by Hager, meeting the required technical specifications, including coloration to specific RAL colors, while also providing good resistance to ultraviolet (UV) light, scratches, and impacts.
https://www.avient.com/knowledge-base/article/overmolding-processing
However, it must be long enough for the substrate to develop sufficient properties to resist the injection pressures and not be remelted or distorted by the second shot.
https://www.avient.com/sites/default/files/2020-10/composites-innovation-cell-program-bulletin_0.pdf
Our
application development, engineering and
industrial design teams can help you to:
• Increase stiffness
• Improve impact resistance
• Reduce weight through thin-walling and
material reduction or replacement
• Add strength in high stress areas
Avient’s thermoplastic composite innovation
cell in Englewood, CO features injection and
compression molding equipment as well as design
and testing services, all under one roof.
CAPABILITIES
• Prototype part sampling
• Tooling validation
• Process optimization
• Material configuration
• Application development support
• Laminate analysis
• Mechanical system analysis
• Resin flow with laminate inserts
• Finite Element Analysis
EQUIPMENT SPECIFICATIONS
Injection Molding
• Milacron-Fanuc Roboshot α-S15OiA with
4-axis robot
• Maximum shot capability at 171 grams
with a clamping for 198 tons
• Trial molds include a 4"x6" flat plaque
and a 3"x10" hat stiffening member
Compression Molding
• 450 ton down acting press
• 39" x 39" platen size
• Features automatic shuttle table with
IR preheat oven
Material Testing
• Instron Model 5982 Universal Testing System
with 100 kN load capacity
• AVE2 non-contacting video extensometer with
digital image correlation capability
• Environmental chamber that enables testing
from -150° to 350° C
PRODUCT BULLETIN
PROCESSABILITY
MEETS PERFORMANCE
Polystrand™ advanced thermoplastic
composites combine high strength,
unidirectional, continuous fibers with
engineered thermoplastic resins to create
continuous fiber reinforced thermoplastic
(CFRTP) materials that feature exceptional
strength-to-weight ratio and high impact
resistance.
https://www.avient.com/sites/default/files/2022-03/Trilliant HC Electrically Conductive Formulations for Pipette Tips Application Bulletin.pdf
KEY PERFORMANCE PROPERTIES1
PHYSICAL NOMINAL VALUE UNIT TEST METHOD
Density/Specific Gravity 1.00 ASTM D792
Melt Mass-Flow Rate (MFR) (230°C/2.16kg) 20 g/10 min ASTM D1238
MECHANICAL
Tensile Strength 15.0 MPa ASTM D638
Flexural Modulus 1400 MPa ASTM D790
Flexural Strength 35.0 MPa ASTM D790
IMPACT
Notched Izod Impact (Injection Molded) 150 J/m ASTM D256
ELECTRICAL
Surface Resistivity < 100000 ohms/sq ASTM D257
PROCESSING INFORMATION
INJECTION NOMINAL VALUE UNIT
Drying Temperature 80 to 90 °C
Drying Time 4.0 to 6.0 hr
Processing (Melt) Temperature 220 to 250 °C
Mold Temperature 30 to 80 °C
Trilliant™ HC Electrically Conductive Formulations
for Precision Performance Pipette Tips
A critical design consideration for pipette tips is
the accurate measurement of finite amounts of
liquid.
High strength produces parts with greater stiffness
and warp resistance, again minimizing scrap-related
costs.
https://www.avient.com/sites/default/files/2023-12/_ECCOH LSFOH 5983 Formulations Product Bulletin.pdf
ECCOH™ Low Smoke and Fume Non-Halogen
Formulation 5983
With high environmental stress cracking resistance
for power cable jacketing
The new ECCOH™ 5983 formulation helps prevent
environmental stress cracking in low and
medium-voltage armored power cables, helping
to prevent costly cable damage and disrupted
power supply.
MARKETS AND APPLICATIONS
• Cable jackets for low and medium-voltage
power cables with metal armoring, typically
installed underground or where installation
requires them to be bent
• Armored cable applications that require
compliance with LTS1 requirements as per
the BS 7655-6.1 standard
IMPACT
• High environmental stress cracking resistance
• High tear strength and elongation at break at
temperatures ranging from -25°C to 90°C
• Flame retardant performance
• Limiting oxygen index (LOI) of 36%
• Exceeds BS 7655-6.1:1997 standard criteria
for LTS1–LTS4 for complex designs and
armored cables
PRODUCT BULLETIN
Cable jacket
liable to
cracking
Power Cable
Cross Section
Metal
armoring
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-02/ppsu-masterbatch-product-bulletin_0.pdf
PSU, PES and PPSU resins offer excellent
resistance to heat and fire, and have exceptional
dimensional stability.
PPSU provides
the highest performance with superior impact
resistance, flame retardancy, and temperature
capabilities.
https://www.avient.com/sites/default/files/2023-08/Swellcoat Yarns Product Bulletin.pdf
KEY FEATURES
• Swellcoat can be applied to any yarn in fiber
optic cable
• Precision wound for optimal cable production
speed
• Single & dual ends available
• Low dust
• Replaces messy gels
• High stability package allows for higher output
FIBER-LINE™ FIBERS SUITABLE FOR WATER
BLOCKING YARN
• Para-Aramid
• PET Polyester (standard, low, ultra low shrink)
fiber
• Liquid Crystal Polymer (LCP)
• Fiberglass
• Dyneema® Ultra-High Molecular Weight
Polyethylene (UHMWPE)
FIBER-LINE PERFORMANCE-ADDITIVE
COATINGS
• Swellcoat Coatings: water absorbing protection
• Swellcoat Blocker: blocks water migration
• Non-wick/Anti-wick Coatings: water resistant
shield
FIBER-LINE WATER BLOCKING
APPLICATIONS
• Binder yarn
• Buffer tube thread
• Filler yarn
• Ripcords
• Strength members
Copyright © 2023, Avient Corporation.
Our products add important characteristics, such as
water-blocking, water repellence, adhesion, color, and wear & UV-resistance to these and many other applications.