https://www.avient.com/resources/safety-data-sheets?page=4253
Geon(TM) A61-17B Worm Plastisol
Geon(TM) V4018 Hot Dip Plastisol
Geon(TM) V5119 Soft Lure Plastisol
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
To provide comparable results, the company references “pro forma” financial
metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
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
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Three Months
Ended Year Ended
Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ 82.8
Special items, after tax 38.3 116.2
Amortization expense, after-tax 14.6 49.0
Adjusted net income from continuing operations excluding special
items 35.9 248.0
Pro forma adjustments* 2.5 13.6
APM pro forma amortization expense, after-tax* — 19.1
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4 $ 280.7
Weighted average diluted shares 91.7 92.2
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42 $ 3.04
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
Three Months Ended
December 31,
Year Ended
December 31,
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
https://www.avient.com/sites/default/files/2024-11/Avient Wire _ Cable Industry Bulletin.pdf
DURABILITY
Extended Life, Chemical Resistance,
High & Low Temperature Performance,
Flexibility, UV Stability, Tensile Strength
SOLUTIONS: Cross-Linkable Formulations,
UV & Light Blocking Additives,
High-Temperature Crosslinked Formulations
REGULATORY SPECIFICATIONS
Quality Assurance, UL, CSA, CPR Compliant
SOLUTIONS: Flame Retardants & Compliant Colorants,
Product Authentication Technologies,
Flame Retardant Engineered Polymers,
LSFOH Flame Retardant Formulations
PROCESSING EFFICIENCY
Reduced Part Weight, High Extrusion Speeds,
Ambient Curing
SOLUTIONS: Cross-Linkable Formulations,
Chemical Foaming Agents & Additives,
Processing Enhancement Additives,
Laser Marking Additives
IMPROVED SAFETY
Flame Performance, Property Protection,
Heat & Chemical Resistance
SOLUTIONS: Flame Retardant Engineered Polymers,
Wire & Cable Colorants, Antimicrobial Additives,
Electrical Performance Additives
POWER CABLES
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/cesa-light-additives
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-crosslinked-formulations
https://www.avient.com/products/polymer-additives/flame-retardants-and-compliant-solutions
https://www.avient.com/products/polymer-additives/anti-counterfeiting/cesa-percept-authentication-technologies
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/polymer-additives/foaming-agents
https://www.avient.com/products/polymer-additives/processing-enhancement-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable
https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives
https://www.avient.com/products/polymer-additives/electrical-performance-additives
DURABILITY & AESTHETICS
Extended Life, High Material Flexibility, Chemical Resistance,
UV Stability, Tensile Strength, Laser Markable Colors
SOLUTIONS: Flame Retardant Engineered Polymers,
Colorants for Wire & Cable, UV & Light Blocking Additives,
Antimicrobial Additives, Laser Marking Additives
FIRE SAFETY
Flame & Fire Performance, Low Dripping,
Property Protection,
Heat & Chemical Resistance
SOLUTIONS: Flame Retardant Additives,
Flame Retardant Engineered Polymers
REGULATORY SPECIFICATIONS
BEAD, UL, CSA, and CPR Compliant,
Quality Assurance
SOLUTIONS: Engineered Fiber Products,
Flame Retardants & Compliant Colorants,
Product Authentication Technologies,
Flame Retardant Engineered Polymers
LOW SMOKE & FUME NON-HALOGEN (LSFOH)
High Flame Retardancy, Low Smoke, Fume,
Corrosiveness & Toxicity, Smoke Mitigation
SOLUTIONS: LSFOH Flame Retardant Formulations,
Non-Halogenated FR Additives
DATA
CABLES
SPEED & EFFICIENCY
Faster Deployment, Lower Labor & Manufacturing Cost,
High Extrusion Speeds
SOLUTIONS: Chemical Foaming Agents & Additives,
Processing Enhancement Additives, Laser Marking Additives,
Water Blocking & Absorbing Yarn, Ripcords for Fiber Optic Cable
ELECTRIC & THERMAL MANAGEMENT
Low-Dielectric Performance, FEP Alternative,
Data Integrity, Data Performance
SOLUTIONS: Flame Retardant Engineered Polymers,
Flame Retardants & Compliant Colorants,
Electrical Performance Additives
LIGHTWEIGHTING
Dielectric Strength Members,
Weight Reduction
SOLUTIONS:
Chemical Foaming Agents & Additives,
Synthetic Fiber Strength Members,
Water Blocking & Absorbing Yarn
HIGH-TEMPERATURE SOLUTIONS
Pre-Colored Formulations, Laser Markable Colors,
Standard & Custom Colors, Conductivity
SOLUTIONS: High-Temperature Colorants & Pre-colored Solutions,
High Temperature Marking Inks, Colorants & Additives,
Conductive High-Temperature Formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products
https://www.avient.com/products/polymer-additives/flame-retardants-and-compliant-solutions
https://www.avient.com/products/polymer-additives/anti-counterfeiting/cesa-percept-authentication-technologies
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
https://www.avient.com/products/polymer-additives/foaming-agents
https://www.avient.com/products/polymer-additives/processing-enhancement-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations
https://www.avient.com/products/polymer-additives/flame-retardants-and-compliant-solutions
https://www.avient.com/products/polymer-additives/electrical-performance-additives
https://www.avient.com/products/polymer-additives/foaming-agents
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-marking-inks
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/colorant-chromatics-conductive-formulations-0
POWER CABLES
SOLUTIONS AVIENT TECHNOLOGIES
Cross-Linkable Formulations
Syncure™ XLPE Cross-linkable Polyethylene Formulations
ECCOH™ XL Cross-Linkable Formulations
Colorant Chromatics™ Crosslinked Formulations
UV & Light Blocking Performance
UV & Light Blocking Additives
ECCOH™ LSFOH UV Formulations
Chemical Foaming Agents & Additives
Excelite™ Chemical Foaming Additives
Hydrocerol™ Chemical Foaming Agents
Processing Enhancement Additives Cesa™ Processing Additives
Laser Marking Additives
Cesa™ Laser Additives
Colorant Chromatics™ UV Laser Marking Technology
Flame Retardants & Compliant Colorants
Cesa™ Flame Retardant Additives
OnColor™ UL 94 Colorants
Product Authentication Technologies Cesa™ Percept™ Authentication Technologies
Flame Retardant Engineered Polymers
Syncure™ XLPE Cross-linkable Polyethylene Formulations
ECCOH™ Low Smoke and Fume Non-Halogen Formulations
ECCOH™ XL Cross-Linkable Formulations
Wire & Cable Colorants OnColor™ Colorants for Wire & Cable
Antimicrobial Additives Cesa™ WithStand™ Antimicrobial Additives
Electrical Performance Additives Electrical Performance Additives
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-xl-cross-linkable-solutions
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-crosslinked-formulations
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/polymer-additives/foaming-agents/excelite-chemical-foaming-additives
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-additives/processing-enhancement-additives
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-laser-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul-94-colorants
https://www.avient.com/products/polymer-additives/anti-counterfeiting/cesa-percept-authentication-technologies
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-xl-cross-linkable-solutions
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable
https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives
https://www.avient.com/products/polymer-additives/electrical-performance-additives
DATA CABLES
SOLUTIONS AVIENT TECHNOLOGIES
Flame Retardant Engineered Polymers
ECCOH™ Low Smoke and Fume Non-Halogen Formulations
Maxxam™ FR Flame Retardant Polyolefin Formulations
Maxxam™ SY Foamable Flame Retardant Formulations
UV & Light Blocking Performance
UV & Light Blocking Additives
ECCOH™ LSFOH UV Formulations
Chemical Foaming Agents & Additives
Excelite™ Chemical Foaming Additives
Hydrocerol™ Chemical Foaming Agents
Processing Enhancement Additives Cesa™ CTR Additives
Laser Marking Additives
Cesa™ Laser Additives
Colorant Chromatics™ UV Laser Marking Technology
Ripcords for Fiber Optic Cable Fiber-Line™ Ripcords
Water Blocking & Absorbing Yarn Swellcoat™ Water Blocking & Absorbing Yarn
Flame Retardants & Compliant Colorants
Cesa™ Flame Retardant Additives
OnColor™ UL 94 Colorants
Product Authentication Technologies Cesa™ Percept™ Authentication Technologies
Engineered Fiber Products Fiber-Line™ Engineered Fibers
Synthetic Fiber Strength Members Fiber-Line™ Synthetic Fiber Strength Members
Antimicrobial Additives Cesa™ WithStand™ Antimicrobial Additives
Colorants for Wire & Cable OnColor™ Colorants for Wire & Cable
Electrical Performance Additives
Cesa™ Conductive Additives
Cesa™ Stat Antistatic Additives
LSFOH Flame Retardant Formulations ECCOH™ Low Smoke and Fume Non-Halogen Formulations
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
AVIENT MAKES NO WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, either with respect to the information or products reflected by the
information.
DATA CABLES
SOLUTIONS AVIENT TECHNOLOGIES
Non-Halogenated FR Additives Cesa™ Flame Retardant Additives
Colorants & Additives
Smartbatch™ Combination Colorants & Additives
OnColor™ Colorants for Wire & Cable
High-Temperature Colorants &
Pre-Colored Solutions
Colorant Chromatics™ ECTFE/ETFE Colorants
Colorant Chromatics™ FEP Colorants
Colorant Chromatics™ PEEK and PEI-Siloxane (SILTEM™ resin)
Colorants & Pre-colored Solutions
Colorant Chromatics™ PFA/MFA Colorants
Colorant Chromatics™ PVDF Colorants
Colorant Chromatics™ Reinforced Formulations
High-Temperature Marking Inks Colorant Chromatics™ Marking Inks
Conductive High-Temperature Formulations Colorant Chromatics™ Conductive Formulations
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-sy-foamable-flame-retardant-formulations
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/polymer-additives/foaming-agents/excelite-chemical-foaming-additives
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-ctr-additives
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-laser-additives
https://www.avient.com/products/polymer-additives/laser-marking-additives/colorant-chromatics-uv-laser-marking-technology
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul-94-colorants
https://www.avient.com/products/polymer-additives/anti-counterfeiting/cesa-percept-authentication-technologies
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable
https://www.avient.com/products/polymer-additives/electrical-performance-additives/cesa-conductive-additives
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-stat-antistatic-additives
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/cesa-flame-retardant-additives
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-combination-colorants-additives
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-ectfe/etfe-colorants
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-fep-colorants
https://www.avient.com/products/polymer-additives/colorants-and-additives-wire-cable/colorant-chromatics-peek-and-pei-siloxane-colorants-pre-colored-solutions
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pfa/mfa-colorants
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-pvdf-colorants
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/colorant-chromatics-reinforced-formulations-0
https://www.avient.com/products/printing-and-marking-inks/colorant-chromatics-marking-inks
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/colorant-chromatics-conductive-formulations-0
https://www.avient.com/sites/default/files/2023-06/Cesa LM Additives Product Bulletin.pdf
Unlike other marking processes, it does
not require consumables such as hot foil tapes,
inks and solvents.
AVIENT MAKES NO WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, either with respect to the information or products reflected by the information.
https://www.avient.com/news/polyone-invisio-color-inspiration-2015-forecasts-trends-improve-product-design-and-development
Color Inspiration 2015 ignites the creative and imaginative design process as we collaborate with our customers,” said John Van Hulle, president, Global Color Additives and Inks, PolyOne Corporation.
https://www.avient.com/news/polyone-joins-leading-brands-eliminate-hazardous-chemicals-discharge-textile-manufacturing
PolyOne is committed to environmentally sound practices, services and solutions that deliver value for our customers and the wider industries we serve,” added John Van Hulle, president of global color, additives and inks for PolyOne.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2022-results
Color, Additives and Inks
Color, Additives and Inks
Color, Additives and Inks
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
D
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G
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F
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G
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C
H
X
L
H
U
N
E
C
L
E
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N
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E
A
S
H
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Source: Peer data per Bloomberg market data as of December 2, 2021
Avient reflects 2021 estimated revenue of $4,750M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
129Avient Corporation
474
644
1,002
107
147
216
467
616
872
2014 2018 2021E
R&D / Technical Marketing Sales
Commercial Resources
Headcount figures all Pro Forma for sale of Designed Structures and Solutions (DSS) and Performance Products and Solutions (PP&S) segments.
2021E data as of October 31, 2021.
Rather, it’s reflective of consistent,
strategic investments in our
portfolio…and people.
Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient reflects 2021 Adjusted EBITDA of $580M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of December 2, 2021
High Free Cash Flow Conversion
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Avient Corporation 131
12%
16%
15%+
20%+
16% 16% 16%
14% 14% 14%
34%
26%
25%
22% 21%
16%
15%
12%
9%
8%
A
V
N
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K
W
R
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C
A
S
H
E
M
N
E
C
L
H
U
N
H
X
L
S
C
L
B
N
R
U
N
V
R
EBITDA Margins
Avient reflects 2021 Adjusted EBITDA of $580M and guided revenue of $4,750M.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
To provide comparable results, the company references “pro forma” financial
metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M.
2023E (%)
27
78
89
83 80 78
74
86
79 76
67 66
55
50
(39)
A
vi
en
t
K
W
R
FU
L
P
P
G
A
V
Y
R
P
M
FM
C
C
E
E
C
L
A
S
H
H
X
L
H
U
N
E
M
N
S
C
L
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
MULTIPLE EXPANSION
Source: Peer data per Bloomberg as of December 29, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $41.57.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0 10.8
16.1 15.5
14.1 14.0
10.3
21.0
19.0
14.3
12.1 11.8 11.7 11.5
9.7
20
11
20
18
20
21
20
23
R
P
M
A
V
Y
P
P
G
K
W
R
FU
L
E
C
L
H
X
L
S
C
L
C
E
FM
C
A
S
H
H
U
N
E
M
N
Avient Historic Multiple
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
A P P E N D I X
30
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RA W MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
33
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
34
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
35
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/resources/safety-data-sheets?page=4099
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