https://www.avient.com/knowledge-base/article/thermoplastic-elastomer-tpe-faqs
What is a TPE?
What kind of stretch properties can I expect from my TPE?
What is meant by hardness?
https://www.avient.com/resource-center?document_type=59&page=35
What is Recycled Content?
https://www.avient.com/news/colorforward-forecasts-focus-mid-tone-colors-2025
While the 2024 palette was mostly balanced with colors evenly distributed across the color spectrum, the 2025 palette predominantly features mid-tone blues, greens, oranges, neutrals, and no yellow,” said Roberto Romanin, Designer at ColorWorks Europe, Middle East, and Africa (EMEA) at Avient.
https://www.avient.com/company/sustainability/sustainability-report/people/occupational-safety-health
To enhance employee participation in our safety & health systems, the 2024 Annual Incentive Plan included a safety-based metric that measured the percentage of employees that participate in a safety engagement.
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
When showing constant dollar figures on GAAP and non-GAAP financial measures, the foreign exchange impact is calculated by using current foreign exchange rates and applying them to the prior period results.
EPS
+21%
$143 million
+9%
$143 million
+9%
Net Sales
$850 million
+3%
(+5% ex FX)
Net Sales
$850 million
+3%
(+5% ex FX)
Margin
16.9%
+100 bps
Margin
16.9%
+100 bps
Q 2 2024 R ES U LT S
Q2 2024 PERFORMANCE VS.
FX +4.6%
FX -1.5%
Total Avient +3.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
Q2 2024 SEGMENT PERFORMANCE
(COLOR, ADDITIVES & INKS)
$525
$542
$94
$108
19.9%
(in millions) (in millions)
7
17.9%
+200 bps
* Adjusted EBITDA Margin %
• Organic sales growth in all
regions led by Americas
• Raw material deflation combined
with cost reduction actions drove
EBITDA margin expansion
+ 3%
(+5% excluding FX)
+ 15%
(+17% excluding FX)
Q2 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$301
$308
$60
$64
20.6%
(in millions) (in millions)
8
19.8%
+80 bps
* Adjusted EBITDA Margin %
• Sales growth in consumer,
healthcare and building &
construction end markets offset
by weaker demand in
telecommunications
• EBITDA margin expansion
driven by positive end market
mix as well as raw material
deflation
+ 2%
(+4% excluding FX)
+ 7%
(+8% excluding FX)
2024 G U IDA N CE
FY 2024 GUIDANCE
Previous (May 7) Current
Adjusted EBITDA $510 to $535 million $515 to $540 million
Adjusted EPS $2.50 to $2.65 $2.55 to $2.70
Interest Expense $105 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
10
Q3 2024: Adjusted EPS of $0.62
11
Highlights
• Provides performance updates on 2030
Sustainability Goals
• Reduced company’s Scope 1 & 2 GHG emissions
by 48% since 2019
• Highlights ESG performance ratings, certifications,
and awards, including recent upgrades by
Ecovadis to Gold and CDP to A-
• Reflects Great Place to Work® culture focused on
health, safety and employee engagement
2023 SUSTAINABILITY REPORT
11
Sustainability for a
Better Tomorrow
2023
SUSTAINABILITY REPORT
12
• Investor Day to be held December 4, 2024 in
New York, NY
• The focus will be to do a deep dive on the
Company’s strategy
• Further details to be communicated
2024 AVIENT INVESTOR DAY
AP P EN D IX
15
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
17
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
18
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
19
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
20
BY END MARKET
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.
https://www.avient.com/knowledge-base/article/injection-molding-part-design?rtype[]=1164
SBCs are shear dependent – this means their viscosity is higher at low shear rates (such as extrusion) and lower at high shear rates (as in injection molding).
SBC TPEs will flow more easily into thin areas of the mold at high shear rates.
The figure below illustrates the effect of shear rate on the viscosity of GLS styrenic TPEs (measured at 390°F (200°C)).
https://www.avient.com/knowledge-base/article/injection-molding-part-design
SBCs are shear dependent – this means their viscosity is higher at low shear rates (such as extrusion) and lower at high shear rates (as in injection molding).
SBC TPEs will flow more easily into thin areas of the mold at high shear rates.
The figure below illustrates the effect of shear rate on the viscosity of GLS styrenic TPEs (measured at 390°F (200°C)).
https://www.avient.com/knowledge-base/case-study/auto-supplier-drives-exceptional-quality-productivity?ind[]=6601
Because it exhibits a higher flow rate than other SBC-based TPEs, OnFlex-S TPE reduces cycle times during injection molding, a feature that satisfies productivity objectives set by Jäger.
A high melt flow rate for the solution reduces packing and cooling time requirements to improve overall molding cycle times.
Faster processing = lower energy costs: Higher melt flow rates enable shorter injection molding cycles, resulting in reduced energy requirements.
https://www.avient.com/knowledge-base/case-study/auto-supplier-drives-exceptional-quality-productivity?rtype[]=1124
Because it exhibits a higher flow rate than other SBC-based TPEs, OnFlex-S TPE reduces cycle times during injection molding, a feature that satisfies productivity objectives set by Jäger.
A high melt flow rate for the solution reduces packing and cooling time requirements to improve overall molding cycle times.
Faster processing = lower energy costs: Higher melt flow rates enable shorter injection molding cycles, resulting in reduced energy requirements.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2022-results
Effect of exchange rate changes on cash
Effective Tax Rate(1)
Effective Tax Rate(1)