https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
This was partially driven by composites and sustainable solutions which are
proving to be resilient in a challenging macroeconomic environment and improving our mix of
higher margin applications.”
2
Mr.
Demand for defense, energy and telecom composite applications
are helping to offset weakness in other markets around the world.”
Further, as a result of Avient's portfolio shift to a pure play specialty
formulator, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset
amortization.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for South Africa.pdf
The arbitration shall be conducted before
an arbitrator jointly appointed by the parties.
The arbitration shall be conducted in English and in accordance with
the rules of the Arbitration Foundation of South Africa.
Each Party shall when Processing any Personal
Information supplied by either party to the other, comply with all
applicable industry codes of conduct to the extent that they regulate
the Processing of Personal Information and not do anything, or omit
to do anything, which will cause the other Party to contravene any
applicable laws, including any Data Protection Legislation.
https://www.avient.com/sites/default/files/2021-07/fiber-line-global-product-selection-guide.pdf
Avient makes no warranties or
guarantees respecting suitability of either Avient’s products or the information for your process or end-use application.
You have the responsibility to conduct full-scale end-product performance testing
to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.
Since 1987,
we have processed a myriad of high perfor-
mance synthetic fibers for a wide variety of
markets and applications.
https://www.avient.com/sites/default/files/resources/Specialty%2520Inks%2520-%2520BU%2520Overview.pdf
SPECIALTY
INKS
OVERVIEW
PolyOne Specialty Inks is a leading
global manufacturer of screen
printing inks for the textile industry
and of specialty inks for industrial
applications.
PolyOne makes no warranties or guarantees respecting suitability of either PolyOne’s products or the information for your process or end-use
application.
You have the responsibility to conduct full-scale end-product performance testing to determine suitability in your application, and you assume all risk and liability arising from
your use of the information and/or use or handling of any product.
https://www.avient.com/sites/default/files/2022-10/ColorMatrix FlexOne Brochure.pdf
These
are built into the programming depending on the
version of the system chosen for the application.
FlexOne units are supplied as either E, Q or
P versions with technology applicable to the
customer needs.
You have the responsibility to conduct full-scale end-product performance testing
to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versaflex-dog-toy.pdf
PET SUPPLY
MANUFACTURER
D O G T O Y
• Tear strength
• Durability
• Colorability
• Formulation must not intentionally contain BPA, heavy
metals, latex, natural rubber, phthalates, or SVHC
(REACH)
• Optimized material processing and tooling
through technical services and application
development support
• Delivered a solution to address regulation
and consumer safety concerns
Versaflex™ Thermoplastic Elastomer
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/AVNT February IR Presentation_w_Non-GAAP Recs_v2.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization
expense associated with intangible assets.
3
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial ResultsCompany Overview Revenue By:
9,300
Employees
102
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized
and sustainable materials solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.14B
Revenue
$2.36
$502M
Adjusted EBITDA
16.0%
Adjusted EBITDA Margins
$186M
Adjusted Free Cash Flow
Over $1B in share
buybacks since 2011
Raised dividend for
13 consecutive years,
a 15% CAGR since
2011
U.S. &
Canada
64%
Specialty
Engineered
Materials
Color
Additives
and Inks
23%
10% 5% 4%
Building &
Energy Telecom
Geography
Segment
Industry
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
ASHISH KHANDPUR
PRESIDENT & CEO
7
8
PORTFOLIO TRANSFORMATION
8
46%
66%
87%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
D
A
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
SUSTAINABILITY AS A GROWTH DRIVER
9
LONG-TERM REVENUE GROWTH DRIVERS
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
60%+
Key Growth
Drivers
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other 0–2%
Avient 6%
END MARKET OBSERVATIONS
(% OF COMPANY SALES)
ENERGY
DEFENSE
TELECOMMUNICATIONS
HEALTHCARE
10
TRANSPORTATION
INDUSTRIAL
BUILDING &
CONSTRUCTION 9%
CONSUMER
PACKAGING
23%
11
REGIONAL OBSERVATIONS
(% OF COMPANY SALES)
11
Q 4 2023 RE S U LT S
Q4 2023 PERFORMANCE VS.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several
acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, any recessionary conditions, and terrorism or hostilities
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
O P E N I N G RE MARK S
B O B P A T T E R S O N
C H A I R M A N , P R E S I D E N T A N D C E O
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
4
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations5
6
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
6
Q 3 P E RFO RMAN CE
15.4%
16.3%
2022 PF 2023
Results vs.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several
acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Powell
for one year, while a search is conducted for a new independent director.
Current Directorships: WESCO International, Inc.;
American Electric Power Company, Inc.; and Interface
Biologics Inc.
Code of Ethics, Code of Conduct and Corporate Governance Guidelines
In accordance with applicable NYSE listing standards and SEC regulations, the Board has adopted a Code of
Ethics, Code of Conduct and Corporate Governance Guidelines.
https://www.avient.com/sites/default/files/2021-04/versaflex-tpe-contact-lens-case-case-study.pdf
Because low durometer (softer) material is a
requirement for this application, the manufacturer
considered a switch to a thermoplastic elastomer (TPE).
THE SOLUTION
Avient formulated a custom Versaflex™ TPE that featured
a low durometer with excellent resistance to adhesion
(sticking).
THE IMPACT
Avient’s formulation expertise produced a specialty
TPE solution that surpassed not only silicone but also
competitive TPEs to solve the gasket adhesion problem
for this medical manufacturer.