https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
D is t. ) K W R P P G A V Y F U L R P M G C P H X L F M C H U N IF F E C L A S H K R A E M N C E S C L A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of July 28, 2021 Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 81% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of July 28, 2021 87 90 86 82 80 78 73 87 82 82 79 79 78 78 77 76 71 67 46 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E IF F A S H E C L B N R E M N H X L H U N K R A S C L A L B (6) Source: Peer data per Bloomberg market data as of July 28, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the median of other selected chemical / specialty companies.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 25 Avient reflects 2021 estimated EBITDA of $580M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 9.5 18.5 15.1 15.1 14.0 11.0 10.4 29.5 28.2 23.9 18.7 12.4 12.2 11.1 9.3 9.2 9.2 7.6 7.6 6.0 A vi en t K W R P P G A V Y R P M F U L G C P A L B H X L E C L IF F F M C B N R A S H S C L E M N U N V R K R A C E H U N Median: 11.1xMedian: 14.6x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/news/archives?page=64
CLEVELAND – High-performance Bergamid™ polymer solutions from PolyOne recently received Underwriters Laboratories’ UL 7
https://www.avient.com/resource-center?document_type=59&document_subtype=117&page=2
Avient assists in creating electronic connector for a new, low-cost computer to meet technical requirements, avoid over-engineering and meet cost-performance requirements with Bergamid™ nylon material
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
NYMAX™ AND BERGAMID™ RECLAIMED NYLON FORMULATIONS offer high strength, durability and impact resistance, all while enabling landfill waste reduction of >21M pounds since 2016, by providing an alternative use for post-industrial reclaimed nylon*.
Integration and Investment Operating Income ($ in millions) +165% $36 To d ay A t A cq u is it io n $96 Operating Margins +900 bps 11% To d ay A t A cq u is it io n 20% Commercial Resources +40% 243 To d ay A t A cq u is it io n 340 Established Acquisitions (>7 years) 48 Sustainability Report | 2018 Invest to Grow Playbook Safety First!
Patterson, Richard H.
https://www.avient.com/resources/safety-data-sheets?page=580
BLUE
BLUE
XRH51652A EXP YOGA MAT PMS 646 U
https://www.avient.com/resources/safety-data-sheets?page=2983
PANTONE 432 U GRAY
KDS ROYAL BLUE SWIRL
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=3157
DB961C BLUE 299C
HOCKEY PURPLE U
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=5402
ROBIN EGG BLUE 5415C
B70 U GREY 7035
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=6199
SC-2743 G BLUE
SC-2751 U NATURAL
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=5787
24035-U CLR
SC-1020 G BLUE
STAN-TONE DB-15597 HI LITE BLUE