https://www.avient.com/sites/default/files/resources/PolyOne%2520India%2520Terms%2520and%2520Conditions%2520of%2520Sale%2520of%2520Products.May%25202016.pdf
Seller has no liability for the failure of discharge or unloading
equipment or materials used by Buyer, whether or not supplied by Seller.
In the event of a force
majeure, Seller has no obligation to purchase material for resale to Buyer, and
no liability for cost to cover incurred by Buyer.
10.
Buyer acknowledges that Seller has furnished to
Buyer Material Safety Data sheets, which include warnings together with
safety and health information concerning the Product and/or the containers
for such Product.
https://www.avient.com/sites/default/files/2022-06/Nymax BIO Bio-based Polyamide Solutions Processing Guide.pdf
Increase injection speed
Wet material 1.
Reduce sharp corners in material flow path
2.
Increase gate sizing
Dry material 1.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ
materially from those expressed in or implied by the forward-looking statements.
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLORS, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
7
- 4%
17.0%
+180 bps
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$310
$314
$64
$73
23.2%
(in millions) (in millions)
+ 14%
8
+ 1%
20.8%
+240 bps
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
(TOTAL COMPANY)
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2024 G U I DAN CE
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
CE O “ TO P O F MI N D”
FO CU S ARE AS
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P E N DI X
16
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%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
19
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
20
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)
21
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.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23
Special items, after-tax 5.5 0.06 22.3 0.24
Amortization expense, after-tax 14.9 0.16 15.1 0.16
Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 49.7 $ 21.3
Income tax expense 16.8 7.7
Interest expense, net 26.6 28.8
Depreciation and amortization 44.3 50.5
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
Adjusted EBITDA as a percent of sales 17.3 % 15.8 %
1
2024 2023
Sales:
Color, Additives and Inks $ 515.3 $ 537.0
Specialty Engineered Materials 314.4 309.7
Corporate (0.7) (1.0)
Sales $ 829.0 $ 845.7
Operating income:
Color, Additives and Inks $ 74.8 $ 65.6
Specialty Engineered Materials 53.4 43.1
Corporate (34.2) (51.6)
Operating income $ 94.0 $ 57.1
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 25.8
Specialty Engineered Materials 19.6 21.2
Corporate 2.8 3.5
Depreciation & amortization $ 44.3 $ 50.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 96.7 $ 91.4
Specialty Engineered Materials 73.0 64.3
Corporate (31.4) (48.1)
Other (expense) income, net (0.9) 0.7
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.8 % 17.0 %
Specialty Engineered Materials 23.2 % 20.8 %
2
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation and amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
3
AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP.pdf
Avient corporation�first quarter 2024 results and 2024 financial guidance
DISCLAIMER
Slide Number 3
Regional demand trends-total company�Q1 Sales vs PY (Excluding FX)
Slide Number 5
Slide Number 6
Slide Number 7
Slide Number 8
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 21
IR Deck - AVNT-2024.03.31 5.06 11AM v2 (002).pdf
Attachment
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
Our customers value the
breadth of our solutions as we can tap into a broad array of
raw materials to solve their specific needs.
Our formulation
expertise supports material science decisions, while our
processing expertise guides customers to use the materials
properly.
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
FE BRUARY 1 5 , 2023
W EB CAS T
Q4 2022 VS.
https://www.avient.com/sites/default/files/2020-09/industrial-springs-application-bulletin2020.pdf
Resin impregnated,
continuous glass fibers are drawn through a curing die of a specific cross section, yielding consistent quality,
dimensions and mechanical properties to provide more consistent spring rates than alternate materials.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2020-09/composite-furniture-springs-application-bulletin2020.pdf
Resin impregnated,
continuous glass fibers are drawn through a curing die of a specific cross section, yielding consistent quality,
dimensions and mechanical properties to provide more consistent spring rates than alternate materials.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2020-11/oncap-denesting-case-study.pdf
Because the trays were regularly handled by consumers
and filled with food, it was very important that any
changes made to the material would not jeopardize the
packaging’s FDA compliance.
The sheet producer began experimenting with material
changes in-house, but struggled to achieve consistency
of release.
https://www.avient.com/sites/default/files/resources/Terms_and_Conditions_regarding_Resale_of_PolyOne_Products.pdf
Buyer shall not place material obtained from a manufacturer other than PolyOne into containers
labeled for PolyOne-sourced Product, nor shall Buyer sell or represent as Product any materials made
by a manufacturer other than PolyOne.
8.
https://www.avient.com/sites/default/files/2024-06/Foaming Prediction Service Product Bulletin_A4.pdf
This software is used to
predict the material behavior during this process
and, as a result, we can provide the potential
weight reduction, mechanical properties of the final
foamed part, and recommendations for optimal tool
design*.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2020-11/eccoh-processing-guide-spanish.pdf
EXTRUSOR
Tornillo 3/4" a 6" para polietileno, de filete sencillo y sin sección de mezcla, Relación de
compresión 1.5–2:1
Cabezal De presión media: ángulo de 30° a 40°
Dado Del tamaño adecuado para una hilera de 1/8" o menos
L/D 24:1 recomendado
Paquete de mallas Sin paquete de mallas (opcional según la presión)
Canal de enfriamiento 50–65°C recomendado
Alimentador Preferentemente gravimétrico—3 compartimentos para cross-linked
Secador Desecante, 4 horas a 70°C, para el compuesto ECCOH™ solamente; nunca se debe
colocar silano seco en los secadores
PROCESAMIENTO
Temperatura ECCOH Serie 5000 ECCOH Serie 6000
Precalentamiento del alambre 80–120°C 80–120°C
Zonas de alimentación 93°C 135°C
Transición 135 °C 163°C
Dosificación 150°C 190°C
Cabezal/dado 165°C 215°C
Material fundido 165–170°C 215–225°C
Llama a la salida del dado Sí, según sea necesario
Velocidad de la línea Sensible a la cizalla: Observar temperatura de fusión, amperaje del motor y presión
Compuesto de purga HDPE
+1.844.4AVIENT
www.avient.com
Copyright © 2020, Avient Corporation.
Processing conditions can cause material properties to shift from the values stated in the information.