https://www.avient.com/sites/default/files/2021-06/fl.datasheet-extrusion.pdf
EPC EPC BARE PERFORMANCE Operating Temperature Range -65°C - 80°C Chemical Resistance P Flame Resistance X UV Resistance P Flex Properties P FEP BARE PERFORMANCE Operating Temperature Range -195°C - 200°C Chemical Resistance P Flame Resistance P UV Resistance P Flex Properties O EXTRUSION FIBERS PROCESSES PRODUCTS ETFE BARE PERFORMANCE Operating Temperature Range -100°C - 150°C Chemical Resistance P Flame Resistance P UV Resistance P Flex Properties P HYTREL BARE PERFORMANCE Operating Temperature Range -70°C - 125°C Chemical Resistance P Flame Resistance P UV Resistance P Flex Properties P ETFE FEP HYTREL FIBER OPTICAL CABLES MOVING HIGH PERFORMANCE FIBERS FORWARD This data is provided for informational purposes only, and does not constitute a specification.
PFA PFA BARE PERFORMANCE Operating Temperature Range -200°C - 260°C Chemical Resistance P Flame Resistance P UV Resistance P Flex Properties P POLYPROPYLENE BARE PERFORMANCE Operating Temperature Range -45°C - 105°C Chemical Resistance P Flame Resistance X UV Resistance P Flex Properties X EXTRUSION FIBERS PROCESSES PRODUCTS POLYETHYLENE BARE PERFORMANCE Operating Temperature Range -65°C - 80°C Chemical Resistance P Flame Resistance X UV Resistance P Flex Properties O POLYURETHANE BARE PERFORMANCE Operating Temperature Range -55°C -125°C Chemical Resistance P Flame Resistance X UV Resistance P Flex Properties P POLYETHYLENE POLYPROPYLENE POLYURETHANE FIBER OPTICAL CABLES MOVING HIGH PERFORMANCE FIBERS FORWARD This data is provided for informational purposes only, and does not constitute a specification.
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/2024-05/Cesa Light Additives-PP Nonwoven Geotextile-Case study snapshot.pdf
PP NONWOVEN MANUFACTURER G E O T E X T I L E S • High concentrate UV solution (up to 50% light protection) in PP nonwoven textiles • Shorter lead time from existing supplier • Local technical support • Long-lasting UV stability • Provided high concentrate UV protection in nonwoven textiles with dosage @ 50% • Shortened the lead time with global supply and technical service • Offered excellent UV stability CesaTM Light Additives KEY REQUIREMENTS WHY AVIENT?
AVIENT SOLUTION GLOBAL SUPPLY + UV STABILITY LEARN MORE Copyright © 2024, Avient Corporation.
All Rights Reserved. https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/cesa-light-additives Slide 1: PP NONWOVEN MANUFACTURER
https://www.avient.com/sites/default/files/2020-12/onflex-s-ke-oscillating-sprinkler.pdf
LEADING GARDEN TOOLS BRAND O S C I L L A T I N G S P R I N K L E R S • Superior abrasion resistance performance • Ability to pass standard UV testing as well as the customer’s more stringent UV criteria • Global support and material availability • Developed a customized TPE material with superior UV resistance, adhesion to ABS, and demolding • Leveraged in-house UV chamber tests to exceed UV parameter requirements • Worked closely with customer’s product development, engineering and quality teams to test and specify material • Supplied grade globally with local technical and manufacturing support OnFlex™ S KE Thermoplastic Elastomer KEY REQUIREMENTS WHY AVIENT?
AVIENT SOLUTION GLOBAL PRESENCE + UV RESISTANCE LEARN MORE Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-12/excelite-1-page-case-study-grab-handle.pdf
Excelite OnePager Grab Handle (2) TIER 1 MOLDER A U T O M O T I V E G R A B H A N D L E • Reduce production cycle times • Achieve processing consistency in chemical foaming additive (CFA) performance • Control dimensional stability and reduce production scrap rates • Lower conversion costs • Improved cycle time by 20% • Achieved additional 2% density reduction • Resulted in a finer cell structure with a higher cell density, significantly improving dispersion and dimensional stability • Maintained Class A finish • Reduced CFA use rate by 80% Excelite™ IM Chemical Foaming Additives KEY REQUIREMENTS* WHY AVIENT?
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
I'm more proud that we have been able to overcome these additional costs to increase adjusted EPS, while serving our customers and keeping our employees healthy and safe.” 2 The company cited robust demand across all end markets, particularly in consumer applications (up 67%) as revenue increased 42% to $1.235 billion.
In addition, a recording of the audio will be available for one week, beginning at 11:00 a.m.
Reconciliation of Pro Forma Adjusted Earnings per Share: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Year Ended December 31, 2020 Net income from continuing operations attributable to Avient shareholders $ 23.0 $ 56.1 $ 132.0 Special items, after tax 2.6 11.2 24.8 Adjusted net income from continuing operations excluding special items 25.6 67.3 156.8 Clariant MB pro forma adjustments to net income from continuing operations(2) 12.9 20.7 20.7 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 38.5 $ 88.0 $ 177.5 Weighted average diluted shares 91.8 89.4 90.6 Pro forma impact to diluted shares from January 2020 equity offering(2) — 2.9 1.5 Pro forma weighted average diluted shares 91.8 92.3 92.1 Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 0.42 $ 0.95 $ 1.93 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 14 Three Months Ended June 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 609.1 $ — $ 609.1 $ 261.1 $ 870.2 Operating income $ 38.0 $ 9.0 $ 47.0 $ 22.0 $ 69.0 Interest expense, net (16.2) — (16.2) (5.3) (21.5) Other income, net 9.5 (6.6) 2.9 — 2.9 Income taxes (7.9) 0.2 (7.7) (3.8) (11.5) Net income attributable to noncontrolling interests (0.4) — (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 23.0 $ 2.6 $ 25.6 $ 12.9 $ 38.5 Weighted average diluted shares 91.8 Pro forma adjusted EPS $ 0.42 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition Six Months Ended June 30, 2020 Reconciliation of Pro Forma Adjusted Earnings per Share: Avient Special Items Adjusted Avient Clariant MB Pro Forma Adjustments(2) Pro Forma Adjusted Avient Sales $ 1,320.6 $ — $ 1,320.6 $ 540.5 $ 1,861.1 Operating income $ 90.8 $ 18.7 $ 109.5 $ 45.0 $ 154.5 Interest expense, net (25.6) — (25.6) (18.1) (43.7) Other income, net 11.1 (6.7) 4.4 — 4.4 Income taxes (19.8) (0.8) (20.6) (6.2) (26.8) Net income attributable to noncontrolling interests (0.4) — (0.4) — (0.4) Net income from continuing operations attributable to Avient shareholders $ 56.1 $ 11.2 $ 67.3 $ 20.7 $ 88.0 Weighted average diluted shares 89.4 Impact to diluted shares from January 2020 equity offering 2.9 Pro forma weighted average diluted shares 92.3 Pro forma adjusted EPS $ 0.95 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition 15 Reconciliation of EBITDA by Segment Three Months Ended June 30, Six Months Ended June 30 2021 2020 2021 2020 Operating income: Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8 Specialty Engineered Materials 37.3 17.0 71.5 39.3 Distribution 23.7 14.6 47.7 34.0 Corporate and eliminations (39.2) (25.9) (65.8) (55.3) Operating income $ 108.1 $ 38.0 $ 228.5 $ 90.8 Items below OI in Corporate: Other income, net $ 1.2 $ 9.5 $ 2.7 $ 11.1 Depreciation & amortization: Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6 Specialty Engineered Materials 8.1 7.6 15.9 15.1 Distribution 0.2 0.1 0.4 0.2 Corporate and eliminations 0.2 2.6 2.0 3.9 Depreciation & Amortization $ 33.8 $ 20.9 $ 70.9 $ 40.8 EBITDA: Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4 Specialty Engineered Materials 45.4 24.6 87.4 54.4 Distribution 23.9 14.7 48.1 34.2 Corporate and eliminations (39.0) (23.3) (63.8) (51.4) EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7 EBITDA as a % of Sales: Color, Additives and Inks 17.9 % 18.9 % 18.5 % 19.5 % Specialty Engineered Materials 18.9 % 15.5 % 19.1 % 15.8 % Distribution 5.9 % 6.2 % 6.3 % 6.5 % 16 Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Sales: Color, Additives and Inks $ 624.4 $ 226.8 $ 1,233.7 $ 483.3 Clariant MB pro forma adjustments(2) — 261.1 — 540.5 Pro forma sales $ 624.4 $ 487.9 $ 1,233.7 $ 1,023.8 Operating income: Color, Additives and Inks $ 86.3 $ 32.3 $ 175.1 $ 72.8 Clariant MB pro forma adjustments(2) — 22.0 — 45.0 Pro forma operating income $ 86.3 $ 54.3 $ 175.1 $ 117.8 Depreciation & amortization: Color, Additives and Inks $ 25.3 $ 10.6 $ 52.6 $ 21.6 Clariant MB pro forma adjustments(2) — 15.0 — 30.1 Pro forma depreciation & amortization $ 25.3 $ 25.6 $ 52.6 $ 51.7 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA): Color, Additives and Inks $ 111.6 $ 42.9 $ 227.7 $ 94.4 Clariant MB pro forma adjustments(2) — 37.0 — 75.1 Pro forma EBITDA $ 111.6 $ 79.9 $ 227.7 $ 169.5 Pro forma EBITDA as a % of Sales 17.9 % 16.4 % 18.5 % 16.6 % (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition Three Months Ended June 30, Six Months Ended June 30, Reconciliation to Pro Forma Adjusted EBITDA: 2021 2020 2021 2020 Net income from continuing operations – GAAP $ 69.4 $ 23.4 $ 149.1 $ 56.5 Income tax expense 20.4 7.9 43.3 19.8 Interest expense 19.5 16.2 38.8 25.6 Depreciation and amortization from continuing operations 33.8 20.9 70.9 40.8 EBITDA $ 143.1 $ 68.4 $ 302.1 $ 142.7 Special items, before tax 14.2 2.4 16.6 12.0 Interest expense included in special items — (0.5) — (0.5) Depreciation and amortization included in special items 1.4 (1.2) 0.8 (1.2) Adjusted EBITDA $ 158.7 $ 69.1 $ 319.5 $ 153.0 Clariant MB pro forma adjustments(2) — 37.0 — 75.1 Pro forma adjusted EBITDA $ 158.7 $ 106.1 $ 319.5 $ 228.1 (2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
https://www.avient.com/sites/default/files/2024-07/TPE Whitepaper_0.pdf
One answer?
One proven approach is to replace traditional vulcanized rubber materials with thermoplastic elastomers, better known as TPEs.
Also, energy and labor savings translate to lower power consumption and an improved utilization of staffing. 2.
https://www.avient.com/resources/safety-data-sheets?page=3647
FRUVPE BLACK COMP 3
TPM1107 BLACK
FRUVPE BLACK COMP 2
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Microsoft PowerPoint - AVNT Q3 2022 Earnings Presentation AVIENT CORPORATION T H I R D Q U A R T E R 2 0 2 2 R E S U L T S (NYSE: AVNT) N OV E M B E R 2 , 2 0 2 2 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Purchase price multiple rapidly declining on strength of business and synergy capture 7 $133 $201 2019PF 2022E 7 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.4x 2019PF 2021 2022E w/ Full Synergies (1) (1) 11.9% 16.3% 2019PF 2022E EBITDA Margins (1) CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION ($ in millions) (1) Financial information is pro forma to include a full year of Clariant Color business SUNBELT PVC Resins DSS 20 Acquisitions $4.8B Investment $2.7B of Annual Revenue 5 Divestments $2.3B Proceeds TPE PP&S HISTORIC SPECIALIZATION THROUGH M&A 8 Distribution DSM Protective Materials BOLT-ON ACQUISITION HISTORY 9 Commercial Resources Operating Income ($ in millions) Operating Margins 259 363 At Acquisition 2022E $40 $139 At Acquisition 2022E 9% 22% At Acquisition 2022E Established Acquisitions (> 7 years) + 40% + 248% + 1300 bps I N V E S T T O G R O W SPECIALTY TRANSFORMATION T O D A Y 7% 46% 67% 86% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2019 2021 2022 PF % o f A d ju st ed E B IT D A • Commodity JVs • Distribution • Performance Products & Solutions • Specialty Businesses (1) Adjusted EBITDA is EBITDA excluding corporate costs and special items (2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution (1 ) (2) 10 Healthcare 4% Packaging 8% Consumer 10% Building & Construction 43% Industrial 15% Transportation 14% Energy 4% Telecom. 2% 2006 2022 Pro Forma Healthcare 8% Packaging 23% Consumer 21% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% Defense 6% END MARKET FOCUS ON LESS CYCLICAL INDUSTRIES 11 14.8% 17.6% 21.0% 2018 2020 2022 PF 1.8% 2006 15.3% 16.2% 17.0% 2018PF 2020PF 2022E CAI 2.7% 2006 SEM SPECIALTY EBITDA MARGIN EXPANSION 12 • Portfolio transformation accelerates growth in less cyclical, higher margin end markets • Investments in our composites platform continue to drive margin expansion (1) (1) (1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition PORTFOLIO EVOLUTION OVER THE YEARS 13 Adj.
The Q3 2022 "Pro Forma APM" adjustments reflect periods prior to the acquisition date and are preliminary estimates for APM’s results for the months of July and August. 2 Reconciliation of Avient consolidated pro forma EBITDA Q3 2022 Q3 2021 Avient(1) Pro forma APM(1) Pro forma Avient Avient Pro forma APM Pro forma Avient Net income from continuing operations (27.8) 3.9 (23.9) 33.4 0.3 33.7 Income tax expense (1.2) 0.6 (0.6) 2.0 2.5 4.5 Interest expense 37.3 1.8 39.1 19.0 11.2 30.2 Depreciation and amortization 39.8 10.9 50.7 36.6 18.4 55.0 EBITDA 48.1 17.2 65.3 91.0 32.4 123.4 Special items, before tax 82.0 — 82.0 19.9 — 19.9 Interest expense included in special items (10.0) — (10.0) — — — Depreciation included in special items (0.8) — (0.8) (0.9) — (0.9) Adjusted EBITDA $ 119.3 $ 17.2 $ 136.5 $ 110.0 $ 32.4 $ 142.4 (1) - Q3 2022 Avient results reflect one month of APM’s results while owned by Avient, as the acquisition closed on September 1, 2022.
https://www.avient.com/resources/safety-data-sheets?page=5480
X GT-29488-001-2 (6W)
FB539 BLACK ARM FOAM-2
Geon(TM) FB555 NRP Silver #2 Foam
https://www.avient.com/resources/safety-data-sheets?page=6276
GBD CEDAR RUSTIC 2
ABS COOL GREY 3C 2%
GBD GRAY RUSTIC 2