https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense associated with intangible assets. 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.
Maintain asset-light, 80% free cash flow conversion profile 5.
ASHISH KHANDPUR PRESIDENT & CEO 7 8 PORTFOLIO TRANSFORMATION 8 7% 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 5% DEFENSE 7% TELECOMMUNICATIONS 4% HEALTHCARE 7% 10 TRANSPORTATION 10% INDUSTRIAL 16% BUILDING & CONSTRUCTION 9% CONSUMER 19% PACKAGING 23% 11 REGIONAL OBSERVATIONS (% OF COMPANY SALES) 11 US & Canada Latin America EMEA Asia 41% 36% 18% 5% Q 4 2023 RE S U LT S Q4 2023 PERFORMANCE VS.
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Advanced Composites Explained
Optimizing Automotive Structural Component Designs with Advanced Modeling
Overview of services, key characteristics and key applications
https://www.avient.com/resource-center?document_type=59&page=5
Advanced Composites Explained
Optimizing Automotive Structural Component Designs with Advanced Modeling
Overview of services, key characteristics and key applications
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=5
Advanced Composites Explained
Optimizing Automotive Structural Component Designs with Advanced Modeling
Overview of services, key characteristics and key applications
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=43
Advanced Composites Explained
Advanced Composites Overview
Technology description, key characteristics, markets and applications
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/composite-heat-release-technology
The barrel is a key component of the firearm that influences both accuracy and aesthetics.
Overview and key characteristics of Composite Heat Release.
Overview and key characteristics of Composite Heat Release
https://www.avient.com/sites/default/files/Avient Climate Change Scenario Analysis Summary 2022.pdf
Avient Climate-related Scenario Analysis Summary SCOPE & TIME HORIZON AVIENT SCENARIO NET ZERO FUTURE PLEDGING PROGRESS STEADFAST POLICY CONVENTION 1.3-1.5°C 1.9-2.3°C 2.4-2.8°C TRANSITION RISK Net Zero Emissions Scenario Announced Pledges Scenario Stated Policies Scenario (IEA WEO 2021 1 scenarios) (NZE) | 1.4°C (APS) | 2.1°C (STEPS) | 2.6°C Emissions peak at 2050 and slowly decline through 2100 Emissions continue to rise beyond 2100 at slower rates Emissions continue to rise beyond 2100 at current rates BUSINESS IMPLICATIONS Increased transition risk: Business impacted by climate policies, carbon prices, market pressures and technological advancements Increased physical risk: Business impacted by direct damages and indirect discruption assocated with severe changes in climate driven weather events · Highly regulated policy environment · Moderate policy regulation · Few changes to current policy settings · Ambitious; net zero commitments achieved at most all levels · Government commitments and National Determined Contributions are achieved · Not all stated commitments are achieved · Improved air pollution in advanced and emerging market & developing economies · Rising air pollution levels especially in emerging market and developing economies · Doubling of the frequency of extreme heat events by 2050 and 120% increase in intensity & rising air pollution levels especially in emerging market and developing economies · Expectation of signifcant capital allocation for innovative product design, energy efficiency investments, and clean electrification of operations · Additional levels of R&D investment will be required to contribute to and attain announced commitments. · Continued R&D investment in current initiatives is expected · Steep increases in advanced economies' carbon prices · Considerable increases in emerging economies' carbon prices · Some change in carbon prices · Declining fuel prices · Regional variability in fuel prices, though slight net increase · Rising fuel prices 1 International Energy Agency World Energy Outlook 2021 The following summarizes Avient's climate-related risks and opportunities analyzed across multiple scenarios, in alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
Products & Services and Markets Opportunities S M L Avient's role in producing innovative and low-emissions materials through light- weighting, creation of sustainable infrastructure, and advanced recycling technologies is instrumental in the global transition.
We are positioned to capture enhanced market share over expanding and emerging needs that will also enable climate resiliency High revenue growth opportunities to meet demand for highly efficient chemical materials that will contribute to lowering customers' emissions as part of our Sustainable Solutions label High to moderate revenue growth opportunities for new chemical materials pertinent to Avient's customers' strategies (low-carbon and otherwise) and are in compliance with any existing regulations (i.e., VOC reducing materials that address vehicle air quality standards) Impact Legend Time horizon Legend Low impact S - short-term 0-5 years Moderate impact M - medium-term 5-15 years High impact L - long-term 15-30 years BUSINESS IMPLICATIONS AND STRATEGIC RESPONSES BUSINESS IMPLICATIONS AND STRATEGIC RESPONSES IMPACT DRIVER & TIME HORIZON Policy & Legal Risk M L Technology Risk S M Market Risk S M Reputation Risk L Acute & Chronic Risk L IMPACT DRIVER & TIME HORIZON Resource Efficiency Opportunity S M L Energy Source Opportunity M L Products & Services and Markets Opportunities S M L · We have embedded an energy intensity KPI (covering process and builidng efficiencies) into the incentive structure for all employees. · By 2030, Avient will enable 100% of our products manufactured for packaging applications to be recyclable or reusable to advance the circular economy, for which approximately 90% of Avient’s products met this criteria in 2020.
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Advanced Composites Explained
Highlights of some key benefits of advanced composites and trends shaping the market
Advanced Composites Overview
https://www.avient.com/resource-center?document_type=59&page=11
Advanced Composites Explained
Advanced Composites Automotive Overview
Product description, key characteristics and markets/applications
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Advanced Composites Explained
Advanced Composites Automotive Overview
Product description, key characteristics and markets/applications