https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Microsoft PowerPoint - AVNT Investor Day V40 (Print)
Investor Day 2021
(NYSE: AVNT)
Shaping a
Sustainable
Future
December 9, 2021
Agenda
8:00 WELCOME BREAKFAST
9:00 WE ARE AVIENT: Bob Patterson
9:15 BETTER TOGETHER AND CUSTOMER EXPERIENCE: Norbert Merklein
9:45 LONG-TERM ORGANIC GROWTH DRIVERS:
Sustainable Solutions: Michael Garratt and Walter Ripple
Healthcare: Cathy Dodd
10:45 BREAK
11:00 Composites: Chris Pederson and Matt Reinhardt
Growth in Asia and Latin America: Woon Keat Moh
INNOVATION: Where Are We Going Next?
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
Avient Corporation 14
Avient Corporation 15
Clariant:
Better Together
Norbert Merklein
• Geographic footprint –
Complementary not overlapping.
GDP Growth Avient Historic Growth Future Growth Assumptions
Global Avient:
2.7%
Asia / LATAM:
5.0%
Source: International Monetary Fund, World
Economic Outlook Database (April 2021)
12% organic CAGR
Figures above include relevant sustainable solutions, healthcare and composites sales
Avient Corporation 120
Net Sales ($ millions)
8-10%
CAGR
(5% CAGR excluding
Sustainable Solutions)
Summary: Long-term Revenue Growth Drivers
Avient Corporation 121
Growth Drivers
($ millions)
2021 Sales
Estimate
(Drivers)
Overlap
2021 Sales
Estimate
Annual
Growth
Rate
Sustainable Solutions 930 - 930 8–12%
Healthcare 685 (45) 640 8–10%
Composites 260 (80) 180 10%
Asia / LATAM 1,150 (310) 840 5%
Other (GDP growth) 2,160 2–3%
Avient $4,750 6.5%
EBITDA Margin Expansion Goals
CAI
SEM
• Continued portfolio transformation to high-
growth end markets and sustainable solutions
• Clariant Color synergy realization
• Investments in composites and outdoor high
performance applications drive growth and
mix improvements
Avient Corporation 122
17.0%
1.6%
1.0%
0.4%
2021E Synergies Sustainable
Solutions
Healthcare Goal
17.6% 0.9%
1.1%
0.4%
2021E Composites Sustainable
Solutions
Healthcare Goal
20%+
20%+
Sustainable Path to Double Digit Earnings Growth
Avient Corporation 123
Growth Drivers
Long-Term Sales
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
10%+
Adjusted EBITDA growth
15%+
Adjusted EPS growth
Investor Day 2021
An Investment in
Sustainable Growth
Bob Patterson
Avient Corporation 124
M&A Brings Avient New Technologies
Avient Corporation 125
Technology Acquisition Technology Acquisition
Thermoplastic
Elastomers
Liquid Color Concentrates
& Additives
Continuous Fiber
Composites
Thermoplastic Composites
Silicone Colorants &
Formulations
High-temperature Polymers
& Fluoropolymers
Long Fiber Reinforced (LFT)
Thermoplastic Composites
Fiber Solutions
Water-based Inks
Fiber & Healthcare Expertise,
Liquid Additive Processing Aids, FR Additives,
Recycling Innovations & More
$133
$205
2019PF 2021E
Clariant Color: Transformational Acquisition
126
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.0x
2019PF 2021E 2021E 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
• On-track to realize $52 million of expected synergies in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.