https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
Syncure™ Cross Linked Polyethylene Formulation
Glasforms™ Pultrusion Technologies
Recyclability
Contains Recycle Content: Incorporates post-consumer or post-industrial recycle
content.
Enhances recyclability: Improves the ability of materials to be recycled
(e.g., improved properties, color, etc.).
OnColor™ IR Sortable Black for Recyclable Packaging
Allows previously non-recyclable black packaging to be detected,
sorted and recycled by NIR equipment in waste management
plants.
https://www.avient.com/sites/default/files/2020-08/2020-composites-overmolding-overview.pdf
SPORTING GOODS
Boots, bindings,
protective equipment
MARINE
Hull reinforcement,
seats, paddles
50% Long
Glass Fiber
Reinforced
PP
50% Long
Glass Fiber
Reinforced
PP + 0°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
CFRTP
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
CFRTP
17K 28K 29K
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
CFRTP
29K 31K
+60.7%
FLEXURAL STRENGTH (ASTM D7264)
IMPACT RESISTANCE (ASTM D3763)
50% Long
Glass Fiber
Reinforced
PP
50% Long
Glass Fiber
Reinforced
PP + 0°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
CFRTP
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
CFRTP
E
n
e
rg
y
at
T
o
ta
l (
J)
F
o
rc
e
a
t
P
e
ak
(
kN
)
18
16
14
12
10
8
6
4
2
0
6.0
5.9
4.0
3.0
2.0
1.0
0.0
11.2 15.1 14.6 12.7 16.4
1.2 1.9 2.8 4.0 5.0
+58.3%
+34.8%
50% Long
Glass Fiber
Reinforced
PP
50% Long
Glass Fiber
Reinforced
PP + 0°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
CFRTP
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
CFRTP
17K 28K 29K
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
CFRTP
29K 31K
+60.7%
FLEXURAL STRENGTH (ASTM D7264)
IMPACT RESISTANCE (ASTM D3763)
50% Long
Glass Fiber
Reinforced
PP
50% Long
Glass Fiber
Reinforced
PP + 0°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°
CFRTP
50% Long
Glass Fiber
Reinforced
PP + 0°/90°/0°
CFRTP
50% Long Glass
Fiber Reinforced
PP +
0°/90°/90°/0°
CFRTP
E
n
e
rg
y
at
T
o
ta
l (
J)
F
o
rc
e
a
t
P
e
ak
(
kN
)
18
16
14
12
10
8
6
4
2
0
6.0
5.9
4.0
3.0
2.0
1.0
0.0
11.2 15.1 14.6 12.7 16.4
1.2 1.9 2.8 4.0 5.0
+58.3%
+34.8%
Application
design
Modeling &
simulation
Prototyping
& validation
Material
selection
Composite/
resin
compatibility
Custom
formulations
Mold filling analysis
Technical support
Process optimization
PROCESSING
MATERIALS
Material selection is crucial to an
application’s success.
https://www.avient.com/news/polyone-joins-uk-plastics-pact-advance-circular-economy-goals
100% of plastic packaging to be reusable, recyclable or compostable
70% of plastic packaging effectively recycled or composted
30% average recycled content across all plastic packaging
https://www.avient.com/news/avient-develops-new-dairy-packaging-additive-technology-meet-tio2-restrictions
In recent years, white opaque PET bottles for dairy applications have been under increasing scrutiny for the potential effects their mineral fillers can have on the recycle stream used to create fiber.
Complete with food contact approvals for the European Union and FDA, this new Lactra additive is compatible with the PET recycle stream for fibers, sheet, and strapping.
Testing also shows that in established opaque white PET recycle streams, Lactra products are suitable for closed loop bottle-to-bottle recycling.
https://www.avient.com/sites/default/files/2024-06/SEM Asia Product Selection Guide_CN.pdf
产品牌号 硬度 颜色 包覆成型 应用
密度
(g/cm3)
Versaflex™ HC 2110-35N 34A 本色 PP/PE 0.89 注塑的自密封和胶盖
Versaflex™ HC 2110-57B 57A 黑色 PP 1.01 注射器胶塞
Versaflex™ HC MT224 75A 透明 PP 0.89 医疗管材
Versaflex™ HC BT218 67A 半透明 — 0.89 可焊接生物制药管材
Versaflex™ CL 2242 43A 透明 PP 0.89 包覆成型以满足人体工程学
包覆成型以满足
人体工程学
包覆成型以满足
人体工程学
包覆成型以满足
人体工程学
Versaflex™ CL 2250 50A 透明 PP 0.89
Versaflex™ OM 1040X 40A 本色/黑色 PC/ABS OM 0.92
Versaflex™ OM 3060 60A 透明 PC/ABS OM 0.90
医疗保健 TPE 埃万特是符合 USP VI, ISO 10993-4 和 10993-5 要求的高性能材料。
对于脂肪类食品和
酒精含量超过8%的食
品;条件D-G)
EU
10/2011
GB 4806.6-
2016
Versaflex™
CL2242
43A 透明 PP/PC/ABS 0.89 FDA 177.1210
(所有食品;条件A–H)
FDA 177.1210
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
N/A N/A
Versaflex™
CL2250
50A 透明 PP/PC/ABS 0.89 N/A N/A
Dynaflex™
G2780C
84A 半透明 PE 0.9 N/A N/A
Versaflex™
FFC 2882-50
50A 半透明 PP 0.9 EU
10/2011
N/A
Versaflex™
FFC 2882-70
70A 半透明 PP 0.88 EU
10/2011
GB 4806.6-
2016
Versaflex™
FFC 2882-87
87A 半透明 PP 0.88 EU
10/2011
GB 4806.6-
2016
Versaflex™
FFC 3882-70
70A 本色 PETG, ABS, PC 1.1 EU
10/2011
Versaflex™
OM 9100 系列 30–50A 半透明 PC/ABS 0.9 FDA 177.1210 N/A N/A
食品级 TPE
适合与食品接触的热塑性弹性体
不含双酚 A(BPA),邻苯二甲酸盐或重
金属;符合 FDA, EU10 / 2011和中国
GB4806 的等级
耐磨性及抗撕裂,经过测试,可以安全
地用于微波炉和洗碗机
具有理想的包胶性能,不仅提供柔软的
表面触感,并可根据特定的舒适度要求
进行定制,包括减少振动和降低噪音
可注塑成型或直接在PP, ABS等基材上
包覆成型
无需二次加工,保证产品质量及稳定性
产品牌号 硬度 颜色 包覆成型
密度
(g/cm3)
合规
FDA EU GB
Dynalloy™
FC 3510 系列 40–80A 本色 PETG, ABS, PC 1.04
FDA 177.1210
(水性食品;条件D-G)
EU
10/2010
GB 4806.6-
2016
Dynalloy™
FC 7850 & 7860
系列
30–80A 半透明/本色 PP 0.88/0.99 通用 FDA
FDA 177.1210
(水性食品但酒精含量
不超过8%;条件B-G
。
对于脂肪类食品和
酒精含量超过8%的食
品;条件D-G)
EU
10/2011
GB 4806.6-
2016
Versaflex™
CL2242
43A 透明 PP/PC/ABS 0.89 FDA 177.1210
(所有食品;条件A–H)
FDA 177.1210
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
FDA 177.2600
(水性食品;条件A-H)
N/A N/A
Versaflex™
CL2250
50A 透明 PP/PC/ABS 0.89 N/A N/A
Dynaflex™
G2780C
84A 半透明 PE 0.9 N/A N/A
Versaflex™
FFC 2882-50
50A 半透明 PP 0.9 EU
10/2011
N/A
Versaflex™
FFC 2882-70
70A 半透明 PP 0.88 EU
10/2011
GB 4806.6-
2016
Versaflex™
FFC 2882-87
87A 半透明 PP 0.88 EU
10/2011
GB 4806.6-
2016
Versaflex™
FFC 3882-70
70A 本色 PETG, ABS, PC 1.1 EU
10/2011
Versaflex™
OM 9100 系列 30–50A 半透明 PC/ABS 0.9 FDA 177.1210 N/A N/A
食品级 TPE
适合与食品接触的热塑性弹性体
不含双酚 A(BPA),邻苯二甲酸盐或重
金属;符合 FDA, EU10 / 2011和中国
GB4806 的等级
耐磨性及抗撕裂,经过测试,可以安全
地用于微波炉和洗碗机
具有理想的包胶性能,不仅提供柔软的
表面触感,并可根据特定的舒适度要求
进行定制,包括减少振动和降低噪音
可注塑成型或直接在PP, ABS等基材上
包覆成型
无需二次加工,保证产品质量及稳定性
产品牌号 硬度 颜色 包覆成型
版权所有© 2024埃万特公司。
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.47
2022 PF 2023
Adjusted EPS
(in millions)
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
Q4 FY
$0.47
$2.30
Q4 FY
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Q4 FY
Sales Adjusted EBITDA Adjusted EPS
17
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
18
S U S T A I N A B I L I T Y D AY
R E C A P
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
20
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of October 27, 2023
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7 3.0
3.4 3.7
2.8
3.7
4.6 5.0
6.9 7.0
8.6
11.1
A
vi
en
t
K
W
R
FU
L
P
P
G
A
V
Y
R
P
M
FM
C
H
U
N
C
E
E
C
L
A
S
H
H
X
L
E
M
N
S
C
L
FREE CASH FLOW CONVERSION
Source: Peer data per Bloomberg as of October 27, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0
8.9
12.0 11.9
10.9
9.9
8.2
16.3
13.8
11.9
9.6 9.5 9.5 9.2
7.7
20
11
20
18
20
21
O
ct
20
23
A
V
Y
R
P
M
P
P
G
K
W
R
FU
L
E
C
L
H
X
L
S
C
L
A
S
H
FM
C
C
E
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/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
Examples include:
• 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 a certified ACC Responsible Care® and a
founding member of the Alliance to End Plastic Waste.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
32
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.0
15.6
13.9 13.7
12.8
9.5
18.0 17.5
12.3
10.2
9.7
8.8 8.4
5.9
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
8
)
A
vi
e
n
t
K
W
R
P
P
G
R
P
M
A
V
Y
F
U
L
H
X
L
E
C
L
F
M
C
A
S
H
S
C
L
H
U
N
E
M
N
C
E
R A W M AT E R I A L
O V E R V I E W
34
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
11%
Dyestuffs
2%
Polyethylene
12%
Nylon
6%
Polypropylene
6%
Styrenic Block
Copolymer
5%
Other Raw
Materials
30%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
Excludes Avient Protective Materials
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
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
36
C O L O R , A D D I T I V E S & I N K S
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
37
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
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
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
38
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9%
Defense
15%
Building &
Construction
8%
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
B Y E N D M A R K E T
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%
39
https://www.avient.com/news/archives?page=4
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Avient Launches New Recycled-Content Thermoplastic Elastomers and Metallic Effect Pre-Colored Sulfone Formulations at Fakuma 2024, booth 5106 in Hall
Avient Extends Recycled TPE Portfolio with Grades Containing up to 60% Recycled Content, Supporting Global Customers
https://www.avient.com/news/avient-launches-new-bio-filled-polymer-grades-fakuma-2021
The new reSound™ NF bio-filled grades are based on polymers such as polypropylene (PP) with 15 to 20 percent bio-based filler.
Demand is rising for consumer products that utilize more recycled and renewable materials.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/products/thermoplastic-elastomers/resound-ultra-low-carbon-footprint-tpes
Suitable to injection mold, or overmold onto PP and PE
Recycled Content Thermoplastic Elastomers: reSound™ REC
Recycled content TPEs for enhanced sustainability