https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.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; • Disruptions or inefficiencies in our supply chain, logistics, or operations; • Changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Demand for our products and services; • 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 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; • Our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA;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, geopolitical conflicts and any recessionary conditions Use of Non-GAAP Measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
For the same reasons, Avient is unable to address the probable significance of the unavailable information. 2 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 Adjusted EPS $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 EMEA Asia Latin America 64% 36% Specialty Engineered Materials Color Additives and Inks 41% 36% 18% 5% 7% 7% 23% 19% 9% 16% 10% 5% 4% Defense Healthcare Packaging Consumer Building & Construction Industrial Transportation 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.
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/2021-04/edgetek-nylon-power-tool-case-study-one-pager.pdf
POWER TOOL MANUFACTURER P I S T O N R I N G A N D C O N N E C T I N G R O D F O R P O W E R T O O L • Exceptional mechanical properties • Good wear and abrasion resistance • High purity and light weight • Worked directly with the manufacturer from design to molding to better understand and satisfy key requirements • Improved strength, stiffness and stability with one-stop technology service to best meet customer’s needs • Provided lightweighting solution to help customer achieve its sustainability goal Edgetek™ PK PEEK Formulation KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/edgetek-pk-peek-formulations
https://www.avient.com/sites/default/files/2021-07/mevopur-needle-hub-1-page-case-study.pdf
NEEDLE HUB MANUFACTURER N E E D L E H U B C O L O R S • RAL and Pantone® colors available in palette to align with ISO 6009 color standard • Opaque and transparent polypropylene selections available in both masterbatch and ready-to-use precolors • Raw materials pre-tested to ISO 10993 and USP Class VI medical device guidelines • Certified formulations available globally • Provided RAL and Pantone colors as required • Developed custom polypropylene formulations to meet specific opacities • Offered pre-tested raw materials and produced in an ISO 13485 certified site, minimizing risk across the value chain • Provided global formulations transferrable from our three ISO 13485 certified facilities Mevopur™ Healthcare Colors KEY REQUIREMENTS WHY AVIENT?
AVIENT SOLUTION COLOR + CERTIFICATION LEARN MORE © 2021, Avient Corporation, All Rights Reserved https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/mevopur-custom-colors-and-formulations
https://www.avient.com/sites/default/files/2020-12/case-study-one-pager-maxxam-fr-fridge-base.pdf
GLOBAL FRIDGE MANUFACTURER R E F R I G E R A T O R B A S E • Provide 5VA flame retardant rating • Utilize existing molds • Keep the same mechanical and physical properties as current material • Dimensional stability – limit shrinkage of final part • High strength – bearing the weight of the whole fridge • Maintain or reduce weight • Expedited development time, providing solutions ready for testing within a week • Enabled first time approval through close customer collaboration • Provided excellent in person support to both customer and moulder throughout trials • Gave technical advice on how to adjust processing parameters, enabling the use of existing molds with the new material Maxxam™ FR Flame Retardant Formulations KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations Global Fridge manufacturer
https://www.avient.com/investor-center/news/polyone-iq-design-team-receives-gold-idea-award-social-impact
The company adds value to global customers and improves sustainability through formulating materials, such as:
https://www.avient.com/news/polyone-unveils-zodiac-aquarius-digital-hybrid-ink-system-impressions-expo-long-beach-2020
The company adds value to global customers and improves sustainability through formulating materials, such as:
https://www.avient.com/news/pump-volume-portable-audio-speakers-new-versaflex-tpes-polyone
These new materials are formulated to improve design, performance and processing capabilities versus traditional silicone, thermoplastic urethane (TPU), or thermoplastic vulcanizates.
https://www.avient.com/news/polyone-iq-design-team-receives-gold-idea-award-social-impact
The company adds value to global customers and improves sustainability through formulating materials, such as:
https://www.avient.com/news/avient-shares-customer-success-healthcare-high-temperature-pre-colored-solutions-k-2022
Vibrant colors in transparent and opaque options help set this line of high-temperature and high-performance formulations apart from other options.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
The EMEA region's organic revenues grew 5%, benefiting from share gains in packaging and continued strong demand for defense applications." 2024 Outlook "The year has continued to play out as we expected, and as we look at the fourth quarter, we are in a position to narrow our full-year guidance," said Jamie Beggs, Senior Vice President and Chief Financial Officer of Avient Corporation.
Examples include: • Dyneema®, the world’s strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
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.