https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
WHAT’S THE
DIFFERENCE?
This defines TPE as a thermoplastic polymer material.
6.2% 3.9%
SILICONESTPEs
Let’s Compare
INTRODUCTION
WHAT’S THE DIFFERENCE?
When properly selected, overmolded TPEs will form a strong bond (a cohesive
bond) with the thermoplastic substrate without the need for primers or adhesives.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
The Board believes that risk management is not only
understanding the risks we face and what steps management is taking to manage those risks, but also
understanding what level of risk is appropriate for Avient overall.
Jellison 58,354 (2) — 58,354 *
Sandra B.
Patterson — — 36,806 2,237,609
Option Awards (columns (b) and (c))
Column (b) reports exercises of SARs during 2023 on an aggregate basis.
https://www.avient.com/sites/default/files/2024-05/Form 8937 - IRS Avient 05.2024.pdf
https://www.avient.com/content/glasforms-marker-delineator-product-inquiry
Please complete the form below to be contacted by a customer service representative, or call +1.866.737.2066 to speak to us right away.
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
This
method has mating plastic threads formed
during assembly.
Semi-crystalline material
will not have time to form many crystals and
thus be clearer.
Movable Platen
This platen supports the “B” half, or the movable
half of the mold.
https://www.avient.com/idea/rise-above-four-common-lightweighting-mistakes
Stop thinking one-for-one: Rather than looking for materials that can replace a metal part using the identical geometry, designers are now capitalizing on the additional freedom to form plastics into net shapes.
Polymers are formed differently and have inherent properties that are optimized by using best practices for their design.
Investigate processes that enable plastics and metal to be formed together, including insert molding and heat staking.
https://www.avient.com/sites/default/files/2024-03/Global Supplier Quality Manual_2024.pdf
The supplier should complete the QF-05 Supplier Self Assessment Audit Form (DOC-03818) to
demonstrate quality conformance and accept Avient’s Supplier Change Notification.
Based on the risk of the proposed product or process change, Avient may advise the supplier
what level of detail and planning is required.
The extent of the controls
may vary, depending on the nature and complexity of the product and processes, but should
normally include:
Evaluation and qualification of sub-tier supplier facilities
Avient and/or Avient’s customer, where applicable
Control of nonconforming material
Corrective action and preventive action programs
A continuous quality improvement program
Where appropriate and agreed upon by the supplier, Avient may specify what sub-tier suppliers
may be used, evaluate and qualify the sub-tier supplier’s facilities, and assist the supplier in
controlling the sub-tier supplier.
https://www.avient.com/color-theory-monitor-print
Monitors transmit color through what’s called additive color synthesis—the method of using two or three distinct stimuli of colored light to create large color ranges.
An additive color module is basically RGB (red, green, blue)—or R+G+B = White.
According to the subtractive color module of CMY (cyan, magenta, yellow), M+Y=R, C+Y=G and C+M=B.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
You are advised to consult any further disclosures we make on
related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
WHAT WE DO: MATERIAL SCIENCE
CUSTOM
FORMULATION
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
6
AVIENT ESG RATINGS
Sustainalytics 2021 ESG Risk Ranking
RANK
(1st = lowest risk)
PERCENTILE
(1st – lowest risk)
Chemicals
INDUSTRY 75/449 17th
Specialty Chemicals
SUBINDUSTRY 21/124 17th
ISS March 2022 ESG Scores
SCORE
(1 = Best, 10 = Worst)
Environmental 2
Social 1
Governance 4
777
F I RS T Q UART E R 2022
RE S U LT S
$123
$136
$0.89
$0.99
Q1 2022 PERFORMANCE
9
$1,162
$1,294
(+ 14% excluding FX)
Adjusted EPS
(+ 15% excluding FX)
(+ 16% excluding FX)
(in millions) (in millions)
Sales Adjusted Operating Income
Q1 2022 SEGMENT PERFORMANCE
10
CAI
$609
$650
SEM Distribution
$89
$95
+ 7%
(+ 10% excluding FX)
$363
$433
$24 $24
+ 19% Flat
$217
$245
$34
$40
+ 7%
(+ 11% excluding FX)
+ 13%
(+ 17% excluding FX)
+ 18%
(+ 20% excluding FX)
Q1 2021 $1,162 $123
Sustainable Solutions 19 8% 7
Healthcare 32 21% 6
Composites (excl.
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
TWO-YEAR LEVERAGE GOAL
33
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
34
PRO FORMA MODELING
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution®
®
OUR SPECIALTY JOURNEY
ACQUISITION HISTORY
36
Commercial
Resources(1)
Operating Margins
259
360
$40
$122
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
CLARIANT COLOR ACQUISITION
37
$133
$205
2019PF 2021
37
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/sites/default/files/2022-05/ColorMatrix Amosorb Solo Technical Bulletin.pdf
The table and graph below
summarize the values of the plaques recorded
for L*, a*, and b*, throughout the different 5-melt
histories.
A visual inspection of the
bottles shows that bottle B still has a very recognizable
amber tone.
The L*, a*, and b* values recorded in the table below
are also well in accordance with what can be visualized
in Figure 2, where there is a shift in the b* value
indicating a decrease in yellow tone.